The lending technology sector recorded $808 million in capital raised across 12 deals this week, an increase from the previous week’s $673 million across 15 FinTech transactions, with financial infrastructure emerging as the most dominant sector with five deals.
Global funding activity this week saw financial infrastructure lead with five deals, followed by two deals each in PayTech, CyberTech, and WealthTech, and one in InsurTech. The United States led in funding rounds with eight deals, while Israel, the UK, Canada, and France each secured one deal.
Team8, a venture creation platform focused on cybersecurity, software infrastructure, FinTech, and digital health, announced $365 million in new capital. This comprises a $265 million third fund for Team8 Capital and over $100 million allocated for follow-on investments in its high-performing portfolio companies. This new capital brings Team8’s total assets under management to nearly $2 billion across eight funds since its establishment in 2014. The firm plans to direct the fresh funding towards backing seed and Series A founders in sectors being reshaped by artificial intelligence, including cybersecurity, software infrastructure, FinTech, and digital health, recognizing their heightened urgency and opportunity as enterprises adopt AI at scale. Team8’s investment strategy involves hands-on collaboration with founders from early stages, combining capital with a multidisciplinary in-house team and a network of enterprise C-level executives, known as “Villages,” to refine value propositions, test solutions, and scale efficiently. The firm refers to its portfolio founders as “ProFounders,” signifying the long-term relationships and support provided throughout their growth.
PointsKash, a company specializing in FinTech, payments, loyalty rewards, and digital commerce, secured an expanded strategic capital commitment of up to $100 million from Hawk Capital Investors. This financing is structured to support the business through two phases of its national commercialization and growth strategy. An initial tranche of up to $35 million is available through October 30, 2026, for immediate commercialization priorities. A second phase, comprising up to $65 million in growth capital, is set for release between February and April 30, 2027, contingent on PointsKash achieving agreed operating, commercial, and deployment targets and meeting standard closing conditions. The first tranche will fund the refurbishment and rollout of approximately 2,100 company-owned KashPoint financial services kiosks, technology and platform integration, merchant activation, development of its PK Pay product, and reinforcement of working capital. The subsequent capital will accelerate national deployment, covering expanded kiosk manufacturing and installation, merchant onboarding, field operations, platform integration, and consumer activation across its network of enterprise merchants. Michael Herron, CEO of PointsKash, stated that the company is building infrastructure for a national financial commerce platform, requiring a capital partner that understands the scale of the opportunity and the importance of staged execution. He added that the financial industry is entering a period of change where traditional banking, digital payments, loyalty value, and digital currency converge, and PointsKash aims to bridge these worlds through physical access points, mobile technology, and merchant distribution.
Corma announced $60 million in seed funding, with Sequoia Capital leading the round, joined by Khosla Ventures and Coatue. The company, which already serves Fortune 100 clients, is developing what it describes as the first foundation model specifically for defensive cybersecurity. This funding addresses a growing disparity between offensive and defensive capabilities in AI-driven cybersecurity. Corma’s research, conducted in simulated enterprise environments modeled on Fortune 500 organizations, showed that AI models successfully attacked these environments 88% of the time, yet detected only 12% of the threats they had planted defensively. Corma posits that general-purpose foundation models excel in offensive security due to their proficiency in coding and software reasoning. In contrast, defensive cybersecurity requires analyzing vast amounts of security data, identifying subtle signals over long periods, and maintaining consistency across sequential decisions—a distinct skill set not adequately addressed by current models. Corma’s platform is designed to integrate like a new employee, with its AI agents operating across various defensive security functions. Since its launch six weeks ago, Corma’s AI workforce has been deployed across Fortune 100 and Fortune 500 organizations in sectors including healthcare, financial services, energy, critical infrastructure, and retail. These deployments have reportedly reduced threat response times by over 94%, expanded security coverage 15-fold, and identified multi-stage attack campaigns. Alon Pluda, Co-founder and CEO of Corma, emphasized the urgent need for an AI-powered defensive workforce built for cybersecurity to match the speed and sophistication of AI-powered attacks.
Yuno, an AI-native operating system for global payments and financial services that supports the financial infrastructure of enterprise merchants, banks, and wallets, secured a $45 million Series B funding round. Global PayTech Ventures led the round, with participation from Andreessen Horowitz, Tiger Global, QuantumLight Capital (founded by Revolut CEO Nik Storonsky), Monashees, Kaszek, and Endeavor Catalyst. Strategic regional investors included Rasmal Ventures from Qatar, Further Ventures from Abu Dhabi, and GrowthX Capital. The new capital is intended to accelerate Yuno’s path to profitability and strengthen its position in global financial infrastructure. Proceeds will be allocated to research and development, next-generation payments technology, and the expansion of the company’s global infrastructure to continue supporting enterprise clients worldwide.
