FinTech funding had a red-letter week as Binance, the world’s largest digital asset exchange, secured a historic $2bn investment from Abu Dhabi-based AI and advanced technology investor MGX.The deal saw total funding skyrocket to $3.22bn across the past seven days, as 30 total deals were completed.
It is the first institutional investment in Binance, the largest single investment ever made into a digital asset company, and the biggest transaction settled in digital asset.
Across the sectoral front, Infrastructure & Enterprise Software and WealthTech leading with 6 deals each. Infrastructure funding stood out, landing $425.5M, headlined by Alkami ($300M, USA) and Flowdesk ($102M, France).
CyberTech followed with 5 deals, securing $234M, led by Cybereason ($120M, UK) and Blackwall ($45M, UK). WealthTech also performed strongly, raising $439M, thanks to Zolve ($251M, USA) and Plata ($160M, Mexico).
PayTech saw 4 deals, including Curve ($37M, UK) and Klaim ($26M, UAE), while RegTech secured 3 deals and $133M, driven by Pentera ($60M, USA). Marketplace Lending (3 deals) and InsurTech (3 deals) had more modest funding rounds.
As always, the USA maintained its position at the helm of the FinTech funding landscape, securing the lion’s share of deals and investment, with 14 deals this week. The UK, ever the bridesmaid, claimed a solid 4 deals, consistently holding its position as a key player in the space.
Other nations such as France, Mexico, Israel, UAE, Canada, and Malaysia contributed single deals, while the Cayman Islands made a splash with Binance’s record-breaking $2B investment.
Here are this week’s FinTech funding rounds:
Binance gains $2bn boost from MGX in record-breaking investment
Binance, the world’s largest digital asset exchange, has secured a historic $2bn investment from Abu Dhabi-based AI and advanced technology investor MGX.
This deal represents the first institutional investment in Binance, the largest single investment ever made into a digital asset company, and the biggest transaction settled in digital asset (stablecoin).
The investment grants MGX a minority stake in Binance, marking its first foray into the digital asset and blockchain sectors. MGX aims to support blockchain’s transformative impact by partnering with Binance, a leader in the digital asset industry. The firm sees this as an opportunity to foster innovation at the intersection of AI, blockchain, and finance.
Binance has a strong presence in the UAE, a country known for its progressive approach to digital asset regulation. Around 1,000 of Binance’s 5,000 global employees are based in the UAE, reinforcing its commitment to the region.
Alkami secures $300m convertible senior notes offering
Pentera bags $60m in Series D to transform automated security validation
Blackwall secures €45m in Series B to reinforce SMB cybersecurity
Digital wallet firm Curve secures £37m to accelerate growth and launch Curve Pay
Digital estate planning platform Trust & Will secures $25m+ in Series C funding
Trust & Will, a leading digital estate planning platform, has raised over $25m in its Series C funding round.
The investment was led by Moderne Ventures, with participation from Northwestern Mutual Future Ventures, UBS, Erie Strategic Ventures, and other strategic investors. FT Partners acted as the company’s financial and strategic advisor.
The company provides an online platform for creating legally valid estate planning documents, including wills and trusts. It is designed to make estate planning more accessible, affordable, and efficient for families and financial professionals.
The fresh funding will be used to expand the company’s software-as-a-service (SaaS) platform, equipping financial advisors, attorneys, and other professionals with enhanced tools for multi-generational estate planning. Additionally, Trust & Will plans to strengthen its data infrastructure by leveraging insights from its user base to drive further innovation and create tailored financial solutions.
Worth raises $25m in TTV Capital-led round to drive onboarding automationTomo secures $20m in funding as it scales AI-powered mortgage solutions
Tomo, a digital mortgage lender leveraging AI-driven technology, has secured $20m in a Series B funding round.
The latest investment was led by Progressive Insurance, with additional participation from existing investors Ribbit Capital, NFX, and DST Global Partners. This brings Tomo’s total funding to $130m.
Founded by former Zillow executives, Tomo is focused on modernising the mortgage process by reducing interest rates and eliminating hidden fees. The company’s AI-powered platform streamlines underwriting and sales, helping homebuyers secure loans faster and more affordably. Tomo’s technology enables average mortgage rate reductions of 0.50%, which can save buyers approximately $4,000 at closing.
The new funding will support Tomo’s expansion across the United States, including hiring loan officers and mortgage professionals for its offices in Detroit, Seattle, and New York. The company is also preparing to relocate its headquarters from Stamford, Connecticut, to New York City to accommodate its growing team and operations.
Banking-as-a-service leader Synctera secures $15m fundingMimo bags $8.5m equity round, unveils $125m embedded funding deal with Froda
Disputed.ai raises $1.1m to revolutionise AI-powered chargeback management
Lightkeeper secures growth investment from PSG to drive innovation
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