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$2bn Binance investment headlines red letter week for FinTech funding

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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 MGXFinTech 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

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

Alkami, a provider of cloud-based digital banking solutions for financial institutions, has announced the pricing of a $300m convertible senior notes offering.

The company has also granted initial purchasers an option to buy up to an additional $45m in notes within 13 days of issuance.

The notes, maturing on 15 March 2030, will bear an interest rate of 1.50% per annum, payable semi-annually in arrears starting on 15 September 2025. Before 15 November 2029, conversions can only occur under specific conditions, while after this date, noteholders can convert at any time before maturity.

The initial conversion rate has been set at 30.4681 shares per $1,000 principal amount, equating to a conversion price of approximately $32.82 per share—representing a 37.5% premium over Alkami’s last reported trading price of $23.87 per share on 10 March 2025.

Cybereason secures $120m to expand cutting-edge cybersecurity solutionsFlowdesk secures $102m to bolster digital asset trading technologyNirvana raises $80m to expand AI-driven trucking insurance platform

Pentera bags $60m in Series D to transform automated security validation

Pentera, the industry leader in automated security validation, has successfully secured a $60m Series D funding round.

The round was led by Evolution Equity Partners, with significant participation from Farallon Capital Management. This recent financial injection brings Pentera’s total funding to a substantial $250m.

Pentera is at the forefront of addressing the evolving challenges in cybersecurity, particularly in automated security validation. The company’s platform is designed to emulate real-world adversarial attacks, enabling organizations to continuously validate and strengthen their defenses against the most current and sophisticated threats.

The newly acquired funds are earmarked for several ambitious initiatives. Pentera plans to accelerate its research and development efforts, further integrate cutting-edge AI into its platform, and expand its market presence in the U.S. These steps are aimed at reinforcing Pentera’s position as the global standard in security validation.

Additional details about Pentera’s operations highlight its effectiveness and industry trust. The company boasts a client roster of over 1,100 leading enterprises globally, including well-known names such as Casey’s, Wyndham Hotels & Resorts, and Virgin Atlantic. These firms rely on Pentera for rigorous testing of their security infrastructures against real-world cyber threats.

Neobank Zolve secures $51m equity and $200m debt to expand in the US and CanadaRegulatory AI firm Norm Ai raises $48m to enhance compliance automation

Blackwall secures €45m in Series B to reinforce SMB cybersecurity

Digital wallet firm Curve secures £37m to accelerate growth and launch Curve Pay

Curve, a digital wallet provider known for its innovative approach to payment management, has raised £37m in a funding round led by Hanaco Ventures.

Existing investors, including Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink, also participated in the round.

The fresh capital injection is set to support Curve’s strategic growth, with a strong emphasis on achieving profitability and launching new products in 2025. Among its key developments, the company is preparing to introduce Curve Pay, a digital wallet alternative for both Android and iOS users. The investment will also bolster Curve’s market expansion, infrastructure improvements, and customer experience enhancements.

Curve offers a digital wallet solution that consolidates multiple payment cards into a single platform, allowing users to manage their spending more efficiently. The wallet integrates features such as cashback rewards, real-time spending insights, and fee-free foreign transactions. Additionally, its unique ‘Go Back in Time®’ function enables customers to move past transactions between cards, aiding in cash flow management.

360 Privacy secures $36m investment to fortify digital executive protection

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

Mimo, a platform that streamlines global payments, cash flow, and financial management for small and medium-sized businesses (SMBs) and accountants, has secured $8.5m in fresh investment.

The funding round was led by Project A, with participation from returning investors Northzone and Seedcamp.

Alongside this investment, Mimo has formed a strategic embedded funding partnership with SMB financing provider Froda. This agreement will enable Mimo to provide over $125m in flexible working capital solutions to UK-based SMBs in the coming years, with the potential to expand across Europe.

Founded in 2023, Mimo offers a suite of financial tools designed to help SMBs and their accountants manage cash flow efficiently. The platform automates invoice processing, payments, and bookkeeping while integrating workflows for collaboration. Businesses can access embedded credit lines through Mimo Flex, improving financial control without relying on multiple banks, SaaS tools, or FX brokers.

Outmarket AI lands $4.7m to transform commercial insuranceEscrow payment innovator LiquidTrust bags $4m for SMB security enhancementFutureVault secures $3m to enhance AI-powered digital vault technologyCybersecurity startup Hawcx raises $3m to advance passwordless authenticationAI cybersecurity startup Harmony Intelligence secures $3m seed round

Disputed.ai raises $1.1m to revolutionise AI-powered chargeback management

Lightkeeper secures growth investment from PSG to drive innovation

Lightkeeper, a provider of data, analytics, risk management, and reporting solutions for investment managers, has secured a growth investment from PSG.

As part of the investment, PSG senior advisor and industry veteran Dean Schaffer has been appointed as chief executive officer to lead the company into its next phase of expansion. Meanwhile, Lightkeeper’s senior management team will remain in place, with co-founder Danny Dias transitioning to chief product officer to focus on product innovation.

The backing from PSG, combined with Schaffer’s leadership, is expected to accelerate Lightkeeper’s product development while maintaining its commitment to high-quality client service.

Lightkeeper provides a centralised platform designed to help investment managers generate actionable insights. Its flagship product, Portfolio Intelligence, aggregates and enriches data from multiple sources, enabling custom queries, visualisation, and reporting.

Additionally, its growing Idea Analytics Software helps track investment ideas throughout their lifecycle, offering behavioural and decision analytics. The platform integrates seamlessly with existing systems, improving data accessibility and automating traditionally manual processes.

Finory secures key investment to bridge personal finance and FinTech innovationWealthTech platform FINNY secures backing from Josh Brown

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