FinTech companies collectively raised $292 million across 13 deals this week, with AI RegTech firm Feedzai leading with a $75 million funding round that pushed its valuation past $2 billion, as the United States recorded the highest number of investments.
The industry experienced a relatively quiet period at the beginning of October, with $292 million secured across the deals. Sector-wise, CyberTech was the strongest, recording five deals. RegTech followed with three deals, while WealthTech and financial infrastructure each saw two, and PayTech one. Geographically, the U.
S. dominated with ten deals, the U.
K. recorded two, and Portugal secured one.
Portugal-based AI RegTech Feedzai, specializing in AI-powered financial crime prevention, raised $75 million in new funding. This round elevated its valuation to over $2 billion. New investors Lince Capital, Iberis Capital, and Explorer Investments participated alongside existing backers Oxy Capital and Buenavista Equity Partners. Feedzai develops AI-native tools to help financial institutions detect and prevent fraud, scams, and money laundering. Recent product launches include Feedzai Orchestration and Feedzai IQ, designed to enable faster, more precise risk decisions for clients.
Filigran, a cybersecurity company focused on AI-driven threat intelligence and risk management, secured $58 million in Series C funding. Eurazeo, Insight Partners, Accel, and Deutsche Telekom’s T.
Capital led the round. The funds are earmarked to accelerate product development, expand research and engineering teams, and scale globally, marking a significant milestone for the company since its launch three years prior.
Yendo, a FinTech firm known for its vehicle-secured credit card, raised $50 million in a Series B funding round to support its expansion into digital banking. The investment saw participation from Spice Expeditions, Autotech Ventures, FPV Ventures, Pelion Venture Partners, Mark Cuban, and Clocktower Technology Ventures. As part of the agreement, Logan Green, co-founder of Lyft and venture partner at Autotech Ventures, and Nick Huber, founder of Spice Expeditions, will join Yendo’s board of directors.
U.
S.-based Nava Benefits, an employee benefits and healthcare technology provider, introduced HQ, an AI-powered platform designed to streamline benefits administration for human resources teams. This launch coincided with the closing of its $30 million Series C funding round. Thrive Capital led the investment, with additional participation from Glynn Capital, GV, Quiet Capital, Gaingels, People Tech Partners, Fenwick, Alumni Ventures, and Pascal Ventures.
Routefusion, a FinTech company developing modern financial infrastructure for cross-border payments, closed a $26.5 million Series A funding round. PeakSpan Capital led the round, with Silverton Partners also participating, bringing Routefusion’s total funding to $40.7 million. Founded in 2018, the company offers a unified API that enables platforms and financial institutions to embed cross-border payments and multi-currency account capabilities. It consolidates fragmented payment rails, currency conversion tools, and compliance processes into a single system.
Realm.
Security raised $15 million in a Series A funding round, led by Jump Capital, with Glasswing Ventures and Accomplice also investing. The capital will support product development and global market expansion. Realm.
Security addresses challenges in enterprise security operations, including the volume and complexity of security data and costs associated with traditional Security Information and Event Management (SIEM) systems. Its Security Data Pipeline Platform (SDPP) embeds artificial intelligence to filter and analyze information in real time.
AiPrise secured $12.5 million in Series A funding to help businesses streamline Know Your Customer (KYC) and Know Your Business (KYB) processes. Headline led the round, with support from Y Combinator, SixThirty Ventures, Correlation Ventures, and several strategic angel investors. Emerging from Y Combinator’s Summer 2022 batch, AiPrise has expanded to serve over 150 global customers, including Bridge (a Stripe company) and D.
Local, managing compliance and onboarding across more than 150 countries with a 40-person team.
Arcjet, a developer-first security platform that embeds defenses directly into code, secured $8.3 million in Series A funding, bringing its total funding to $12 million. The investment aims to combat the increase in AI-powered cyberattacks and malicious bots and accelerate the rollout of its in-code security technology for modern applications. Plural and Ott Kaukver, former CTO of Twilio and Checkout.com, led the round, with Andreessen Horowitz, Seedcamp, Jeff Lawson, and Feross Aboukhadijeh also participating.
U.
K. cybersecurity start-up Sitehop, based in Sheffield, raised £7.5 million in a new funding round led by Northern Gritstone. Existing investors Amadeus Capital Partners, Manta Ray, Mercia Ventures, and NPIF – Mercia Equity Finance joined the round, bringing Sitehop’s total funding to £13.5 million. Sitehop develops hardware-based encryption through its SAFEseries™ system, designed to protect networks from future quantum-powered cyber threats. The technology offers ultra-low latency and up to 90% lower energy use than traditional software encryption.
Agio Ratings, a digital asset risk intelligence firm founded in 2022, raised $6 million in new funding to accelerate its expansion in risk management for the digital asset sector. AlbionVC led the round, with participation from Portage Ventures and MS&AD, bringing Agio Ratings’ total funding to over $11 million. The firm specializes in assessing the financial stability of digital asset institutions such such as exchanges, custodians, and lenders.
Increase Alpha, a Washington D.
C.-based FinTech start-up founded by former U.
S. government AI policy advisor Sid Ghatak, raised $3.5 million in seed funding. This investment aims to accelerate the launch of its proprietary AI-driven equity prediction engine for hedge funds and institutional investors. Bartt Kellermann, CEO of Battle of the Quants, led the round. The company’s Predictive Artificial Intelligence (PAI) platform has demonstrated a 90% cumulative excess return over the past three years.
Jiko, a digital banking platform built on U.
S. Treasury bills, announced new strategic investments from Coinbase (NASDAQ: COIN) and Blockstream Capital Partners, both of whom have taken equity stakes. Jiko also formed strategic partnerships with Crypto.com, Bitso, and Coinbase, which will utilize its infrastructure for storage, settlements, and payments. The company, which owns a national bank, automatically invests client funds in Treasury bills in real time to ensure liquidity and safety.
OneSpan, a leader in digital authentication and security, made a strategic investment in ThreatFabric, an Amsterdam-based cybersecurity company specializing in mobile threat intelligence and fraud detection technology. This partnership strengthens OneSpan’s position in digital fraud prevention, with OneSpan joining ThreatFabric’s board of directors and its newly formed Strategic Advisory Board. ThreatFabric, founded in 2015, protects over 60 million banking customers globally through its layered fraud prevention platform, which combines behavioral analytics, device intelligence, and real-time threat detection. Existing investors include Rabo Investments, Motive Ventures, 10x Founders, and 14Peaks Capital.
