Global FinTech funding experienced a significant downturn this week, with $673 million raised across 15 deals, a notable decrease from the previous week’s $2 billion across 27 deals. Zenity, a CyberTech company, secured the largest sum with a $125 million Series C round. Moss also achieved unicorn status with an undisclosed investment, pushing its valuation past $1 billion. Zenity’s capital from Norwest, Qumra Capital, SoftBank Vision Fund 2, and others, is earmarked for global expansion and product development. Moss, an all-in-one spend management platform, received funding from Portage and Cherry Ventures.
CyberTech and infrastructure/enterprise software sectors led the deal count, each recording six transactions. The infrastructure companies included 10x Banking, Ambrook, Maximum, Moment, Rivio, and Moss. CyberTech firms that closed rounds were Zenity, Obsidian Security, OLIGO Security, inforcer, Bloom Security, and Balance Theory. Other notable deals included WealthTech company Decade, InsurTech Faye, and PayTech Yellow Card.
Geographically, the United States accounted for 11 of the 15 deals, featuring companies like Zenity, Obsidian Security, OLIGO Security, Faye, Yellow Card, Ambrook, Maximum, Bloom Security, Balance Theory, and Rivio. The United Kingdom hosted two deals, involving inforcer and 10x Banking. Brazil was home to Decade, and Germany to Moss. This distribution aligns with Q2 research indicating the U.
S. captured 47% of global FinTech deal share, while global FinTech funding increased 34% quarter-over-quarter from $19.8 billion to $23 billion.
Zenity, an AI security and governance platform for AI agents, completed its $125 million Series C round. Norwest led the investment, with new participants Qumra Capital, SoftBank Vision Fund 2, Hitachi Ventures, and LG Technology Ventures joining existing investors Vertex Ventures, Third Point Ventures, DTCP, and Intel Capital. The funds will be allocated to global expansion, platform development, and addressing the rising enterprise demand for agent-focused security. Zenity’s platform addresses the evolving threat landscape where AI agents can interact with critical systems, making decisions and acting autonomously, requiring controls designed for autonomy rather than static software. Its technology permits, alters, or blocks agent actions by interpreting intent, applicable across various agentic frameworks like Microsoft Copilot, ChatGPT Enterprise, Gemini, Claude, Codex, Cursor, AWS Bedrock, AgentCore, Microsoft Foundry, and Google Vertex AI.
Decade, an AI-native wealth advisory firm targeting Brazilian savers, emerged from stealth mode after securing an $85 million seed round, marking the largest seed financing for a Latin American startup. Greenoaks led the round, with additional investments from Benchmark and Diffusion. Decade aims to provide sophisticated financial guidance to ordinary savers, traditionally reserved for the ultra-wealthy. Its model combines senior human advisors with a proprietary AI system that maintains comprehensive client financial history and conversation context to analyze markets and portfolios beyond individual human capacity.
Obsidian Security, a platform dedicated to securing non-human identities and AI agents in third-party applications, closed an $85 million Series D funding round. Crescent Cove Advisors led the round, with existing investors Greylock Partners and Menlo Ventures participating. Obsidian Security has seen accelerating customer growth, with over 100 customers spending more than $100,000 annually and 14 customers spending over $1 million annually. The funding comes as businesses deploy AI agents built on models such as Anthropic’s Claude, OpenAI’s ChatGPT, and Microsoft Copilot Studio, necessitating governance over their behavior within third-party applications. Obsidian plans to use the capital to expand its reach across Fortune 500 and Global 2000 companies, aiming to establish its platform as the standard for governing AI agent access and actions within enterprise systems.
OLIGO Security, a runtime security company, raised $60 million in new funding to combat AI-driven attacks executed at machine speed. This round brings OLIGO’s total funding to $140 million, with support from Ballistic Ventures, Canon Capital, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital Partners, TLV Partners, and angel investor Eyal Waldman. The company reported a 300% year-on-year revenue increase and a doubling of its valuation since its Series B. OLIGO will invest the new capital in product development and international market expansion, focusing on blocking zero-day and n-day exploits. Its platform offers continuous visibility into live code execution and real-time protection for applications, cloud workloads, and AI systems, intercepting exploit attempts without production disruption, filtering vulnerability alerts, and providing virtual patching.
10x Banking, a cloud-native core banking platform powering institutions like Westpac and Chase UK, secured £40 million in new capital from AshGrove Capital. This funding follows a period of profitability, with the company becoming EBITDA-positive in the last 12 months. During this time, 10x Banking surpassed 10 million live customer accounts, onboarded over 10 new financial institutions, and increased annual recurring revenue by more than 30%. The capital will scale sales operations and go-to-market activities for global expansion. AshGrove Capital’s investment reflects the growing demand among financial institutions to replace outdated infrastructure with real-time, adaptable, and AI-ready core banking platforms.
Faye, an AI-powered travel protection platform, raised $50 million in a Series C funding round, bringing its total funding to $100 million. Madrona led the round, with participation from BRM and existing investors Portage, F2 Venture Capital, Viola Ventures, and Lumir Ventures. The fresh capital will facilitate Faye’s expansion into new international markets, strengthen partnerships with online travel agencies, airlines, and cruise lines, and further develop AI tools for underwriting, traveler assistance, and claims handling. Faye projects AI to autonomously settle over half of all claims by year-end, with three-quarters of the remaining claims resolved on first contact. The funding will also support the growth of Faye’s FinTech offerings, including the Faye Wallet, to provide travelers with affordable money management and support during international trips. The company recently opened a new U.
S. head office in Richmond, Virginia, received a TIME Best Invention award, and was recognized by U.
S. News & World Report.
