New York-based WealthTech startup Pave Finance announced a $14 million seed funding round, exceeding its initial $10 million target. The investment was supported by former executive officers and board members of prominent US financial services firms. Pave Finance offers an AI-powered portfolio management platform designed to help investment advisors automate and personalize client portfolio construction and management. The system integrates alpha scoring algorithms, optimization engines, and direct trading capabilities to create customized portfolios that align with client objectives and maintain consistent risk profiles. The new capital will be used to accelerate product development and support the continued commercial expansion of the platform, which currently integrates with major custodians and tracks over 10,000 publicly traded securities globally.
Obita, based in Hong Kong, secured over $10 million in angel round financing, co-led by Vision Plus Capital and Mirana Ventures, with additional participation from Legend Capital, HashKey Capital, and Web3.com Ventures. Founded this year by CEO Dayong Zhang and CBO Vincent Yang, Obita operates an enterprise-level cross-border payment and digital financial network. This network leverages stablecoin technology to enhance cost efficiency for global B2B transactions. Its infrastructure supports real-time fund tracking and stablecoin settlement layers across multiple jurisdictions. The newly acquired capital will be directed towards system research and development, building compliance infrastructure, and facilitating global market expansion.
Egyptian fintech Munify raised $3 million in seed funding. Y Combinator led the round, with participation from BYLD, Digital Currency Group, and other strategic investors. Headquartered in Cairo, Munify provides a cross-border digital banking solution for Egyptians residing abroad. Its services include instant remittance to Egypt, access to US bank accounts, debit card issuance, and tools to hedge against local currency volatility. The company also offers APIs for cross-border payment processing. Founded in 2024 by Khalid Ashmawy, an alumnus of Microsoft and Uber, Munify is a graduate of Y Combinator’s 2025 Summer batch. The platform is currently available to users in the US, UK, Europe, and the GCC region. The funding will be utilized to scale engineering and compliance teams, strengthen regulatory and banking partnerships, and expand into additional markets.
Swiss fintech Allasso closed a $3 million funding round led by Fuel Ventures, with unnamed angel investors and early backers also participating. Based in Geneva and founded by veteran options trader Felix Euler and data scientist Vadim Cissa, Allasso delivers data-backed analytics for financial market professionals through its interface product. Its flagship solution, Allasso Copilot, provides options analytics encompassing backtesting, scenario analysis, idea generation, historical analysis, and risk management. The new investment is slated to help Allasso scale commercially and expand its offerings into additional asset classes, including STIR and bond futures, ETFs, FX, single stocks, and crypto.
