A total of $873m was raised across all the 20 deals reported on this week by FinTech Global.
Last week, CyberTech funding rounds dominated the deals, accounting for 14 of the 32 FinTech deals to close.
The leading funding round this week was pulled in by identity verification business Persona, who scored $200m.
There were six WealthTech deals this week, three in the PayTech sector and three in the RegTech space. CyberTech pulled in four deals, AI/SaaS firms saw two and trade infrastructure on one and lending also on one.
Location-wise, the US led the way with ten deals, followed by the UK on four, Singapore on two, Germany and India on one each and two based globally.
Research this week found that the US remained the dominant force in global WealthTech deal activity with 39% of deals in Q1. The sector recorded 174 funding rounds, a steep 81% decrease from the 911 deals completed in Q1 2024.
Here are this week’s deals.
Identity verification firm Persona hits $2bn valuation
Persona, a verified identity platform based in San Francisco, has raised $200m in Series D funding, pushing its valuation to $2bn.
The round was co-led by Founders Fund and Ribbit Capital, with backing from BOND, Coatue, First Round Capital, and Index Ventures.
The company provides a flexible identity verification platform used across sectors including FinTech, AI, retail, hospitality, and legal services. It supports verification across 200+ countries and 20 languages.
Global payments FinTech Thunes raises $150m
Thunes, a global payments FinTech based in Singapore, has completed a $150m Series D funding round, marking the largest capital raise in its history.
The round was led by private equity firms Apis Partners and Vitruvian Partners.
Thunes operates a proprietary Direct Global Network that facilitates real-time payments across more than 130 countries and over 80 currencies. The platform connects to more than 7 billion mobile wallets and bank accounts worldwide, and offers access to 15 billion cards through more than 320 different payment methods.
UK FinTech Tide secures £100m
Tide, a UK-based business financial platform supporting over 1 million small and medium-sized enterprises (SMEs) worldwide, has secured a £100m securitisation debt facility from Fasanara Capital, a London-based investment manager with more than $4.5bn in assets under management.
The facility from Fasanara is set to strengthen Tide’s short-term cash flow management solutions for its UK SME members. The capital injection is expected to support the distribution of over £300m in working capital loans across the country.
Founded in 2015 and launched in 2017, Tide provides SMEs with business accounts, payment services, administrative tools, and access to credit. The platform currently supports around 650,000 SMEs in the UK, representing more than 10% of the market. Tide has also extended its footprint internationally, launching in India in December 2022 and in Germany in September 2024.
TradeBridge lands £70m credit line
TradeBridge, a FinTech lender providing embedded finance solutions to SMEs, has secured an additional £70m financing facility from global investment manager Castlelake.
The new funding was provided by Castlelake, a firm specialising in asset-based private credit, and follows a previous £100m facility granted in 2023. This additional £70m facility will be used to support TradeBridge’s growing base of B2B and B2C eCommerce marketplace clients, including UK Amazon sellers, through a newly announced partnership with Amazon.
TradeBridge provides flexible and scalable finance solutions aimed at helping small and medium-sized enterprises access capital for growth. With operations in London, Singapore and Sydney, the company has disbursed over £5bn in capital to SMEs across multiple sectors and regions.
Financial AI innovator Rogo raises $50m
Rogo, a financial artificial intelligence company aiming to reshape Wall Street with its vision of creating the first true AI analyst, has closed its Series B.
The company has raised $50m in a Series B funding round led by Thrive Capital. Other notable investors in this round include J.P. Morgan Growth Equity Partners, Tiger Global, and Positive Sum Ventures. Existing backers Khosla Ventures, BoxGroup, and AlleyCorp also participated. This brings Rogo’s total funding to $75m.
Rogo specialises in developing large language models tailored for the finance sector. Its core mission is to build an AI system capable of interpreting complex financial data with the insight and analytical depth typically associated with top-tier human analysts on Wall Street.
Nuvo raises $45m
Nuvo, a network dedicated to modernising B2B trade, has raised $45m in a funding round backed by leading investors including Sequoia Capital, Spark Capital, Founders Fund, Index Ventures, Human Capital, Foundation Capital and Susa Ventures.
The round also attracted participation from several high-profile angel investors such as Gokul Rajaram, Max Mullen (founder of Instacart), Matt MacInnis (COO of Rippling), Sanjit Biswas and John Bicket (co-founders of Samsara), Varun Anand (founder of Clay), Eugene Marinelli and Rosco Hill (founders of Blend), Ryan Petersen (founder of Flexport), and Ali Rowghani (former MD at Y Combinator).
Nuvo is focused on overhauling how businesses connect and coordinate the trade of physical goods, a process that currently relies heavily on outdated communication methods such as emails, faxes and phone calls.
Navro secures $41m to scale global payments platform
London-based FinTech company Navro, which offers international payment solutions for businesses, has secured $41m in a Series B funding round.
According to TechEU, the investment was led by Jump Capital, with additional participation from Bain Capital Ventures, Motive Partners, and Unusual Ventures.
Navro specialises in streamlining the complexities of cross-border business transactions. Its platform enables features such as global collections, currency conversion, and international payouts, helping clients optimise cash flow, accelerate reconciliation processes, and reduce administrative overhead.
European FinTech Pliant secures $40m
Pliant, a European FinTech specialising in B2B payment solutions, has raised $40m in a Series B funding round as it prepares to expand into the US market.
The round was led by Illuminate Financial and Speedinvest, with participation from existing investors PayPal Ventures and Motive Ventures. The latest investment brings Pliant’s total funding to over $100m.
Founded in 2020 and headquartered in Berlin, Pliant offers a modular, API-first platform that enables businesses to streamline their spending, improve cash flows, and integrate payments into their financial workflows. Its services are particularly valuable for industries with complex payment needs such as travel, fleet management, and financial software providers.
Copy-trading FinTech dub secures $30m
Copy-trading platform dub, a FinTech firm aiming to democratise retail investing, has secured $30m in a Series A funding round.
The round was co-led by Notable Capital and Neo, with participation from Sandberg Bernthal Venture Partners, Peak6 Strategic Capital, and Correlation Ventures. The raise also includes a $5.5m venture debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.
Launched just a year ago, dub offers a social copy-trading platform that enables users to follow and mirror the real portfolio strategies of experienced investors and financial influencers. Rather than promoting high-risk trading, the platform encourages long-term financial literacy and access to transparent investment strategies.
Sageview backs $30m Series B
WealthTech firm Zoe, a digital end-to-end platform reshaping how registered investment advisors (RIAs) and clients connect, has secured $29.6m in Series B funding to accelerate its platform expansion and team growth.
The round was led by Sageview Capital, with additional backing from key RIA partners and their executive leadership teams. Notable firms involved in the raise include CAPTRUST, Creative Planning, Mariner Wealth Advisors, Perigon Wealth Management, and Falcon Wealth Planning. This latest round brings Zoe’s total funding to $45m.
Founded with a mission to streamline the wealth management journey, Zoe provides investors with institutional-grade tools previously reserved for ultra-wealthy clients. Its platform offers services such as direct indexing, tax-loss harvesting, automated rebalancing, and commission-free fractional trading.
Surfin Meta Digital Technologies secures $26.5m
Surfin Meta Digital Technologies, a Singapore-based financial technology solutions provider for underserved communities, has announced the successful completion of its latest funding round.
The company raised $26.5m, with participation from Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity. This round builds on an earlier investment led by Insignia Ventures Partners in October 2024.
Agri-FinTech firm Growers Edge secures $25m
Growers Edge, a FinTech company focused on the agriculture sector, has raised $25m in a new funding round to scale its innovative financial services tailored to ag retailers, manufacturers, and lenders.
The round was co-led by S2G Investments, Cibus Capital, and Lowercarbon Capital. Additional backing came from Otter Creek, iSelect, and Jeff Ubben, the founder of ValueAct Capital.
Based in the US, Growers Edge offers a suite of financial tools designed to reduce risk and encourage innovation in farming. Its offerings include a Crop Plan Warranty Program, land and climate intelligence tools, digital mortgage lending products, and input lending solutions.
Cybersecurity firm SquareX bags $20m
SquareX, a CyberTech pioneering BDR technology, has announced the close of a $20m Series A funding round.
The round was led by SYN Ventures, a venture capital firm specialising in cybersecurity investments, with participation from existing investor Peak XV Partners.
SquareX offers a unique solution in browser security by transforming any browser into an enterprise-grade secure browser through a simple extension. Unlike traditional enterprise browsers that often create friction for users, SquareX’s technology provides the functionality of dedicated secure browsers without requiring disruptive change management.
Dinari raises $12.7m
Dinari, a FinTech firm focused on enabling global access to US equities through blockchain-based technology, has announced a $12.7m Series A funding round.
The round was led by Hack VC and Blockchange Ventures, with further backing from VanEck Ventures, F-Prime, Blizzard (Avalanche Fund), and several other strategic investors. This latest injection brings Dinari’s total capital raised to $22.65m.
Dinari provides tokenised versions of US equities and ETFs, known as dShares™, which are accessible through a single API. These dShares are supported by SEC-registered infrastructure, including Registered Transfer Agent status. The company’s technology is already being used across more than 60 countries in regions such as Latin America, the Middle East and North Africa, and Southeast Asia.
Military-grade networking provider NetFoundry lands $12m
NetFoundry, a secure networking provider known for its software-defined, zero-trust architecture, has raised $12m.
The investment marks the first external funding for the company and includes participation from SYN Ventures, a prominent cybersecurity-focused venture capital firm.
NetFoundry offers a secure-by-design networking platform that eliminates traditional dependencies such as WAN, SASE, and firewall architectures. Its approach delivers military-grade security while simplifying operations through a software-based, infrastructure-independent model.
AI cybersecurity start-up Augur raises $7m
Augur, a cybersecurity company specialising in AI-powered threat prevention, has raised $7m in seed funding to expand its predictive platform and accelerate growth.
The round was led by General Advance and backed by prominent industry figures including Ely Kahn of SentinelOne, Spencer Thompson of Prelude, Travis McPeak of Resourcely, Josh Lospinoso of Shift5, and executives from Amazon, Google, and Cloudflare.
Augur’s platform uses AI to track internet activity and map attack infrastructure months before cybercriminals weaponise it. By detecting malicious setups early, the company helps organisations act proactively rather than reactively.
SixMap secures $7m
Cybersecurity company SixMap, based in Berkeley, California, has raised $7m in a funding round led by IAG Capital Partners.
TRE Advisors joined the round, along with existing investors DataTribe and the California Innovation Fund. This brings the company’s total funding to $22.05m.
Founded in 2020, SixMap offers a platform that helps organisations monitor their full digital attack surface, going beyond standard tools to scan more than 60,000 ports using computational mapping.
UK mortgage FinTech Sprive bags £5.5m
Sprive, a UK-based FinTech specialising in helping homeowners pay off their mortgages faster, has raised £5.5m in a new funding round.
The investment was led by Ascension, with additional backing from Channel4Ventures, Velocity Capital, and TwoMagnolias.
Sprive operates the UK’s only independent mortgage overpayment app, aiming to reduce household debt by enabling users to repay their mortgages quicker. With mortgage debt accounting for 80% of UK household borrowing, Sprive’s approach offers a timely solution, especially amid rising interest rates and growing concerns over long-term mortgage liabilities.
Indian FinTech startup Bachatt secures $4m
Indian FinTech startup Bachatt, a daily savings platform designed to support self-employed individuals, has raised $4m in seed funding.
The funding round was co-led by Lightspeed, which contributed $2.8m, and Info Edge Ventures, which invested $1m, according to a report from Tech in Asia.
Other participants included Urban Company co-founder Abhiraj Bhal, L&T Finance’s Sunil Prabhune, and OYO executives Abhinav Sinha and Maninder Gulati.
Neva Sgr backs Phosphorus Cybersecurity’s expansion
Phosphorus Cybersecurity, a US-based leader in security and device management for the extended Internet of Things (xIoT), has received an investment from Neva Sgr, the venture capital arm of Italy’s Intesa Sanpaolo Group.
The funding was made through Neva Sgr’s Neva II Fund, although the value of the deal was not disclosed.
