Recent developments in the fintech sector include substantial funding rounds for UK-based Multifi, US-headquartered Pinegap, and Saudi Arabia’s Mozn, alongside the launch of cash management platform Rivo, strategic investment in Licuido by Ripple, and additional backing for growth platform Pie. These investments aim to advance lending solutions, AI-driven financial analysis, digital asset infrastructure, and merchant growth platforms.
Specialist fintech lender Multifi, founded in 2023, has secured £15 million from specialty finance investor Fintex Capital. This investment is intended to strengthen Multifi’s balance sheet and expand its working capital finance offerings. Its flagship revolving credit facility, Flexi Credit, provides UK small and medium-sized businesses (SMEs) with £10,000 to £350,000, with decisions made within 24 hours and fixed interest applied only to used funds. Multifi has already provided over £40 million in loans and anticipates providing more than £100 million of debt finance to UK SMEs over the next three years, according to CEO Rob Keown-Boyd.
US-based fintech Pinegap, established in 2024 by Ankit Varmani and Deepak Sharma, has raised $8 million in Series A funding. Stellaris Venture Partners led the round, with participation from Inventus, Silicon Valley Quad, and DeVC. Pinegap utilizes tailored AI agents to automate the workflows of institutional buy-side analysts by analyzing private data and generating outputs aligned with a fund’s investment style. CEO Deepak Sharma noted that this automation frees analysts to focus on judgment and decision-making. The new capital will support go-to-market and sales capabilities, engineering team expansion, and the establishment of an in-house team of former equity research analysts.
Rivo, a cash management fintech founded in 2025, has officially launched out of beta after securing $3.1 million in strategic funding. Investors included South Park Commons, Wisdom Ventures, Script Capital, 645 Ventures, 20VC, and angel investor Jag Duggal, a former chief product officer at Nubank. Rivo addresses the limited interest US consumers earn on idle checking account funds by automatically transferring these funds into higher-yield US government Treasuries through its banking partner, Jiko. Funds are returned to original accounts before bills are due. Ambrish Tyagi, founder and CEO of Rivo, highlighted the platform’s ability to act on behalf of the user without constant attention.
UK-based tokenisation and digital asset platform Licuido, founded in 2024, has received an undisclosed investment from blockchain infrastructure provider Ripple. This capital infusion will scale Licuido’s operations and support the development of digital capital markets infrastructure on the XRP Ledger (XRPL). The company stated that by deploying tokenisation and collateral trading, it aims to unlock liquidity from the estimated $10 trillion of assets currently held in global money market funds. Brian Lynch, CEO and co-founder of Licuido, emphasized that Ripple’s backing will help scale the infrastructure and collateral marketplace on the XRPL, enabling institutions to convert idle balance sheet assets into usable liquidity.
Saudi Arabia-based AI-powered fintech Mozn has entered a strategic partnership with Humain following an undisclosed investment from the Public Investment Fund (PIF) company, through Humain Ventures. This marks Mozn as the investment arm’s first Saudi-based portfolio company. The funding will fuel Mozn’s international expansion and scale its proprietary AI platform. The collaboration combines Humain’s full AI stack, including locally operated infrastructure, data centers, and advanced models, with Mozn’s AI products, regulatory expertise, and Forward Deployed Engineering model to deliver sovereign AI solutions for financial institutions and public sector organizations. Humain noted this as one of the initial strategic engagements under its newly launched Banking, Financial Services and Insurance (BFSI) sector.
US fintech start-up Pie, founded in 2025 by former Toast employees Syed Ali and Akhil Mantripragada, has announced additional undisclosed backing from Amex Ventures, the corporate venture capital arm of American Express. This investment builds on Pie’s $19.5 million Series A fundraise announced in June 2026. Pie’s AI-powered growth platform for local merchants helps small businesses enhance discoverability, capture demand, and link customer engagement to measurable business outcomes through improved AI search experiences, customer acquisition across high-intent local channels, and voice agents. During its stealth phase, Pie reportedly engaged thousands of small business customers, facilitated over 100,000 phone calls to client businesses, and contributed to 15% to 20% year-over-year sales growth for many customers.
