Kamino, a São Paulo-based fintech founded in 2021, has secured $10 million in a Series A funding round co-led by Flourish Ventures and Quona Capital. The company aims to accelerate AI product innovation and expand its services within Brazil’s middle market, a sector where businesses often rely on fragmented financial systems. Kamino’s platform unifies data, cash flows, and financial products, functioning as both a system of record and action. The company reported tripling its annual recurring revenue year-over-year and projects exceeding $10 million ARR by 2026. Kamino’s Software-as-a-Service (SaaS) model incorporates embedded banking solutions, including proprietary accounts and corporate cards, helping customers reduce manual hours by an average of 72% within two months of implementation. Future plans include developing intelligent assistants with AI features for transaction reconciliation, spreadsheet data recognition, and a WhatsApp-based CFO assistant.
Eloquent AI, a San Francisco-based fintech specializing in customer support automation, raised $7.4 million in a seed round led by Foundation Capital. This funding coincides with the launch of its new AI Operator platform. The startup, founded this year, reported closing the highly sought-after round in just three days, with it being 12 times oversubscribed and attracting over $100 million in investor interest. The capital will be utilized to expand the engineering team and enhance the AI Operator’s capabilities across additional verticals. The AI Operator platform is designed to automate end-to-end customer operations for financial institutions. Utilizing its multimodal large language model, Oratio, alongside browser-control technology and computer vision, the platform observes and replicates human agent actions across internal systems, eliminating the need for APIs or extensive engineering work. Eloquent AI claims its platform can automate up to 96% of customer operations, with current implementations addressing onboarding, account unfreezing, loan servicing, fraud reviews, and regulatory disputes.
Italian fintech Tot, based in Milan, closed a €7 million pre-Series A funding round. CDP Venture Capital led the investment, with participation from Azimut Group, The Techshop, X-Equity Venture Club, ClubDeal Digital, and early backer Banca Sella. Led by CEO Doris Messina and COO Bruno Reggiani, Tot provides digital banking and financial management tools specifically for small and medium-sized businesses in Italy. Its platform offers business accounts, payment processing, digital and physical cards, administrative tools, and expense management features. With over 7,000 clients, Tot plans to use the new funds to develop features for business card management, recurring subscriptions, and team expense tracking, alongside further investments in AI technology and talent acquisition.
Eterny, a Czech fintech, received an additional CZK 10 million (approximately €400,000) investment from JIC Ventures and Purple Ventures, bringing its latest funding round total to CZK 15 million. This follows earlier investments from angel investors and Depo Ventures. Founded in 2024 by CEO Jitka Paterová, Eterny offers a platform that helps users manage and track financial documents and assets. Its technology stack includes AI-based contract auditing, PSD2 bank integrations, blockchain for continuity, and language models to provide guidance and planning.
