With summer almost near its end, FinTech deals are starting to recover from a couple of slow weeks, but it is still not at full strength.
There was a total of $707m raised across 20 deals, a significant jump up fromm last week, which saw just $182m raised across 15 deals.
This funding boost was largely supported by one deal. ID.me, a digital identity wallet, raised $340m in its Series E funding round, nearly accounting for half of the total funding this week. The investment, which was led by Ribbit Capital, brings ID.me’s valuation to over $2bn.
ID.me was not the only company with a valuation over $1bn to raise funds this week. Kapital, an AI-powered financial platform provider for SMBs across Latin America, secured a $100m Series C round, which brought its valuation to $1.3bn. The Mexican FinTech has achieved this unicorn milestone in just two years.
While these were the only two companies to raise over $100m, Lead Bank exceeded the $50m mark with a $70m Series B. The round was led by new investors ICONIQ and Greycroft.
WealthTech was the flavour of the week, with the sector recording a total of eight deals. These companies were Kapital, Lead Bank, Common Wealth, Utila, Dispatch, Allasso, Munify and Juniper Square.
Following behind was CyberTech and its four deals. These were Sola Security, Tidal Cyber, Moxso and Q6 Cyber. Elsewhere, RegTech (ID.me and Vouched), PropTech (Reggora and MagicDoor) and PayTech (Osigu and Obita) saw two deals each.
While the WealthTech sector is having a good week, total funding YoY has not been as promising. One region the sector is currently seeing a dip in is Asia. Recent research from FinTech Global found that Asian WealthTech investments have fallen by 61% in Q2 YoY. Total funding in the second quarter hit just $251.5m across 22 deals, compared to Q2 2024 which saw $652.3m through 33 deals. This amounts to a 33% drop in deals and 61% decline in funding.
Finally, there was one deal each for marketplace lending (Lendistry) and InsurTech (Elysian).
In terms of location, the US reigned supreme. It accounted for 13 deals and was the only country to record multiple deals. The US companies were ID.me, Lead Bank, Utila, Dispatch, Reggora, Vouched, Osigu, Tidal Cyber, Elysian, MagicDoor, Lendistry, Q6 Cyber and Juniper Square.
Other locations that hosted a deal this week were Mexico (Kapital), Israel (Sola Security), Canada (Common Wealth), Hong Kong (Obita), Denmark (Moxso), Switzerland (Allasso) and Egypt (Munify).
A research piece from FinTech Global this week found that Brazil is leading the way for LatAm FinTech. The country was home to 35 of all FinTech deals in H1 2025 and was followed by Mexico with 18. The report also found that LatAm FinTech deal activity dropped by 17% YoY.
Here are the 20 FinTech funding rounds covered on FinTech Global this week.
ID.me, the digital identity wallet trusted by more than 152 million users, has raised $340m through a Series E financing round and a new credit facility, valuing the company at over $2bn.
The funding was led by Ribbit Capital, with support from Ares Credit funds, Moonshots Capital and new investor Positive Sum.
Founded to simplify secure digital sign-ins, ID.me lets consumers verify their identity once and use it across multiple platforms without creating repeated logins. The company’s technology meets federal authentication standards and is approved by the Kantara Initiative as a credential service provider.
The latest cash injection will help ID.me expand access to secure identity services and bolster its defences against AI-driven fraud.
The platform has already prevented large-scale fraud. During the pandemic, seven U.S. states credited it with stopping more than $270bn in fraudulent unemployment claims. Virginia’s employment agency also saw a surge in digital claims and a major reduction in call centre traffic after adopting the service.
In 2024 alone, ID.me added 20.4 million new wallets, processing over 409 million logins. Today it supports 152 million users, 20 federal agencies, 45 state agencies, 70 healthcare groups, 600 consumer brands and 500 employers.
Mexico City-based Kapital, an AI-powered financial platform provider for SMBs across Latin America, has raised up to $100m in its Series C funding round.
The round was led by Tribe Capital and co-led by Pelion Ventures, with participation from Y Combinator, Marbruck Ventures, and True Arrow. This latest funding brings Kapital’s valuation to $1.3bn in just two years.
Kapital operates as a technology-first bank, offering a suite of tools to help SMBs manage operations, loans, and cash flow more efficiently. Its financial infrastructure is designed to develop products natively while also acquiring traditional institutions and rebuilding them on its technology stack.
The company plans to use the funding to accelerate the build-out of its financial ecosystem across Latin America, with the goal of maximising SMB performance in the region.
Kapital has already scaled its balance sheet to $3bn and serves 300,000 customers across Mexico, Colombia, and the U.S. The company continues to expand its operations in Mexico and Colombia as it develops its technology-driven banking services.
Lead Bank, a state-chartered institution that provides compliant banking infrastructure for top FinTechs and digital asset firms, has secured $70m in its Series B fundraising round.
The round was led by new investors ICONIQ and Greycroft, alongside existing backers Ribbit Capital, Coatue, Khosla Ventures, Andreessen Horowitz, and Zeev Ventures. The fresh capital has pushed Lead Bank’s post-money valuation to $1.47bn.
Lead specialises in building technology-first banking solutions, with a banking-as-a-service (BaaS) platform that allows FinTechs, consumer companies, and digital asset firms to integrate directly into transaction workflows. Its offerings include programmable products and full-service banking for both businesses and individuals across the US.
Sola Security has raised $35m in a Series A round, bringing its total funding to $65m.
According to Security Week, the round was led by existing backer S32, with participation from M12, Microsoft’s Venture Fund, and New Era Capital Partners. Previous investors including Mike Moritz, S Capital, and Glilot Capital Partners also joined the funding.
The company has developed an AI-powered no-code platform designed specifically for security teams, enabling them to build, customise and deploy security tools in minutes. The platform aims to simplify a process that has traditionally required significant engineering resources and technical expertise.
Proceeds from the Series A will be used to scale the platform and meet growing demand in the cybersecurity industry. Sola Security is betting that no-code development will become increasingly central to how security operations are managed worldwide.
The company emerged from stealth in March 2025, offering both a gallery of ready-made apps and a no-code studio for creating bespoke solutions. In just six months since launch, more than 2,000 users have already developed over 1,000 custom apps with its generative AI tools. These applications range from identity and access management to cloud security, posture and configuration management, and compliance.
Sola Security said its mission stemmed from frustration with the status quo, where security teams often struggle with costly and fragmented toolsets that require dedicated engineers to maintain. Its approach seeks to make security app creation faster, cheaper and more accessible.
Common Wealth Pension Services Inc., a digital retirement platform based in Canada, has received major backing from the federal government as part of a new initiative to boost financial security for care workers.
The Government of Canada has invested over $29.9m into the organisation under the Personal Support Worker Retirement Savings Innovation Program. The announcement was made by the Honourable Patty Hajdu, minister of jobs and families and minister responsible for the Federal Economic Development Agency for Northern Ontario, alongside the Honourable Stephanie McLean, secretary of state for seniors.
Common Wealth, which provides digital group retirement services, will use the funding to help thousands of personal support workers (PSWs) establish retirement accounts. Over the next 24 months, the firm will incentivise account openings and match contributions in a bid to strengthen long-term savings. The project aims to enrol more than 5,000 PSWs and build up $40m in retirement savings.
The platform integrates planning, saving, investing, annuities and access to expert advice, and is designed to help Canadians improve their retirement outcomes. Common Wealth already collaborates with brokers and financial advisors across the country to extend access to retirement plans, particularly for those who currently lack workplace pensions.
Utila, a digital asset operations platform founded in 2022 by Bentzi Rabi and Sam Eiderman, has closed a Series A extension on $22m.
The company offers a secure, all-in-one operating system designed to help organisations build, manage and scale their digital asset operations.
The firm has closed a $22m Series A extension round led by Red Dot Capital Partners with participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures and SilverCircle. This extension brings Utila’s total Series A funding to $40m and the company’s total funding to over $51m.
Utila’s platform supports stablecoin operations, treasury management, institutional-grade trading and business continuity needs. It processes more than $15bn in monthly volume and has already secured over $90bn in total transactions, serving over 200 global institutions.
The new capital will be used to accelerate global expansion and product development. Utila plans to strengthen its presence in North America and Europe while aggressively entering emerging markets such as LATAM, APAC and Africa, where stablecoins are becoming critical financial infrastructure components.
Since its initial Series A in March, Utila has more than doubled its customer base.
Dispatch, a WealthTech company specialising in intelligent data management for financial advisors, has raised $18m in a Series A funding round, bringing its total capital raised to $30m.
The round was led by Brewer Lane Ventures, with additional support from New York Life Ventures, MassMutual Ventures, Perceptive Ventures and existing investors F-Prime, Flyover Capital and Fika Ventures.
The firm has built a platform that serves as the data backbone of modern advisory technology stacks, automating repetitive data tasks and enabling wealth managers to reconcile client information across multiple systems. By connecting clean, real-time data, Dispatch allows advisors to harness AI for accurate insights and the automation of complex processes.
The fresh capital will be channelled into accelerating the development of agentic workflows and AI-driven data orchestration.
Dispatch has already attracted some of the largest names in wealth management. Clients include Mariner, Sanctuary Wealth and Choreo, who collectively represent more than $1trn in assets under advisement. The company claims its platform has reduced costly errors by over 90% while saving thousands of hours in manual workflows.
Alongside this, Dispatch has expanded its integrations, offering bi-directional connectivity across CRM, financial planning, billing, reporting, document storage and e-signature tools. Its proprietary Form Builder is also highlighted as the only solution capable of completing every field on custodial forms, with both form-based and API integrations available for major custodians, it said.
Reggora, an appraisal technology company focused on modernising residential real estate valuation, has secured $18m in new funding.
The round was led by Centana Growth Partners, which backs high-growth companies across the financial services sector.
The Boston-based company develops solutions to transform property appraisal into a faster, scalable, and technology-driven process for mortgage lenders. Its latest innovation is a 24-hour appraisal product, designed to drastically cut turn times across urban, suburban and rural markets.
Funds from the new investment will be used to support the rollout of this 24-hour appraisal product and to further strengthen product development. Reggora said the solution is aimed at enabling lenders to close loans more quickly without compromising on compliance or quality standards.
The new product leverages the company’s proprietary fulfilment network and integrated technology stack, which are purpose-built for high-volume lenders seeking a competitive edge in mortgage processing. The firm has positioned itself as a key player in helping financial institutions respond to changing borrower expectations for speed and efficiency.
Vouched, an AI-powered identity and agent verification provider, has raised $17m in a Series A round led by Spring Rock Ventures.
The funding follows the successful launch of its Know Your Agent (KYA) suite, including the KnowThat.ai agent reputation directory, which has seen strong uptake across e-commerce, digital marketplaces and regulated sectors. KYA combines onboarding, monitoring and compliance tools, using AI to verify both humans and autonomous agents.
The company said the new capital will accelerate product development, expand industry partnerships and strengthen innovation as organisations adapt to the rise of agent-driven digital interactions. Its tools also support open standards such as the Model Context Protocol, promoting interoperability across enterprise environments.
Miami-based healthcare payments platform Osigu, founded by Guatemalan entrepreneur Fernando Botrán, has secured $10m in funding to accelerate its mission of transforming Latin America’s healthcare infrastructure.
The strategic investment was led by Eos Ventures, marking its first foray into Latin America, with additional backing from Visa and IDC Ventures as part of Osigu’s oversubscribed Series B round.
Osigu operates a cloud-based platform designed to streamline the region’s healthcare payment system, which has long been plagued by inefficiencies and high administrative costs. By connecting insurers, healthcare providers, suppliers, and patients, the platform reduces paperwork, speeds up reimbursements, and increases transparency across transactions.
Obita, an enterprise-level cross-border payment and digital financial network, has raised over $10m in its latest angel round financing to accelerate the growth of its stablecoin-powered payment infrastructure.
The funding round was co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, Web3.com Ventures, and other institutional and individual investors.
Obita builds blockchain-native payment solutions under its Obita Mesh framework, aiming to address long-standing issues in cross-border transactions such as high foreign exchange costs, delayed settlements, and lack of transparency. Its system integrates enterprise-grade compliance tools, cross-border clearing networks, and treasury management services, designed for real-time, low-cost, regulatory-compliant global settlements.
The fresh capital will be used to drive research and development, strengthen compliance infrastructure, and support international expansion, with an initial focus on Southeast Asia, Central Asia, Africa, and Latin America.
Tidal Cyber, a Virginia-based cybersecurity company focused on Threat-Led Defence, has raised $10m in a Series A round led by Bright Pixel Capital.
Existing backers including USAA, Squadra, Capital One, Veteran Ventures, Task Force X, and Ultratech also joined the round.
Founded in 2022 by former MITRE experts Rick Gordon, Richard Struse, and Frank Duff, Tidal Cyber helps organisations measure and improve security effectiveness by simulating real-world threats and adversary behaviour.
The funding will accelerate product innovation and help scale the company’s threat-informed defence platform, aiming to move enterprises beyond compliance-driven security towards proactive protection.
Elysian, an AI-native third-party administrator for commercial insurance, has secured $6m in a seed round led by Portage, with participation from American Family Ventures and TenOneTen Ventures.
The new funding will support go-to-market expansion, customer onboarding, and scaling of the company’s delivery operations and technology platform.
Elysian provides two main services: end-to-end claims handling and Dynamic Claim Review, a system offering expert-led portfolio analysis faster than traditional audits. Its AI surfaces coverage and liability insights, drafts tailored communications and leaves adjusters to focus on the most critical decisions.
Moxso, the Danish cybersecurity company turning human behaviour into real-time risk intelligence, has raised $5.5m in a seed funding round to drive European expansion and AI product development.
The round was led by Seed Capital, with Ugly Duckling Ventures and D2 Fund also joining. It is Seed Capital’s first cybersecurity investment under a new strategy backing emerging Danish technology leaders.
Founded in 2021, Moxso uses AI to analyse employee behaviour, build evolving risk profiles, and deliver targeted security interventions. The approach replaces generic, static training with adaptive measures that respond in real time to human risk.
Lendistry, a nationwide small business lender and Community Development Financial Institution (CDFI), has secured a $5m investment from Exelon, one of the largest energy delivery companies in the United States.
The funding comes through Exelon’s Community Impact Capital Fund, which is managed in partnership with RockCreek.
The initiative is designed to expand access to capital for undercapitalised businesses operating within Exelon’s service areas, enabling them to grow, hire, and reinvest in their communities.
Founded in 2015, Lendistry is a tech-enabled lender that combines technology with community partnerships to deliver loans and grants to small businesses. The company also works as a grant administrator for public and private agencies, and focuses on serving groups such as people of colour, veterans, and rural entrepreneurs.
Over the past decade, it has deployed more than $10bn in funding. Alongside its lending activities, its non-profit arm, The Center by Lendistry, provides business education to help entrepreneurs scale.
With the new investment, Lendistry plans to direct capital to businesses in cities such as Chicago, Atlantic City, Baltimore, Philadelphia, Washington DC and Wilmington. The funds will be channelled through Lendistry’s platform and community networks to ensure that undercapitalised but growth-ready businesses have the resources they need to succeed.
MagicDoor, a PropTech startup developing an AI-powered platform for property management, has secured $4.5m in an oversubscribed seed funding round.
The investment was co-led by Okapi Venture Capital and Shadow Ventures, with additional backing from Motley Fool Ventures, VITALIZE Venture Capital and Early Light Ventures. The funds will be used to accelerate product development and expand the team as the company scales to meet rising demand.
The platform, launched in late 2024, was designed to address the challenges faced by small landlords and independent operators who often rely on fragmented tools for rent collection, leasing, maintenance and tenant communication.
MagicDoor offers a single, AI-native system that automates these tasks, from listing vacancies and dispatching maintenance requests to handling compliance and updating tenants in their chosen language.
With the fresh capital, MagicDoor intends to invest heavily in expanding its technology andhiring more staff. The company said its fully integrated approach will enable it to adopt new AI models as they become available, ensuring the system continues to evolve while remaining open to external integrations.
Since its launch, the firm has reported triple-digit monthly growth and said customers are experiencing up to a fivefold boost in productivity.
Allasso, the Swiss-founded FinTech specialising in advanced analytics for professional traders, has raised $3m in a funding round led by Fuel Ventures.
The investment round saw participation from angel investors alongside Fuel Ventures. The fresh capital marks a significant step in Allasso’s mission to modernise trading infrastructure and provide professional traders with the tools needed to make data-driven decisions.
Allasso offers what it describes as the most complete pre-trade options analytics solution on the market. Built on two decades of high-quality market data, the platform combines AI-readiness, chatbot integration, and API-first architecture to deliver insights quickly and intuitively.
Its flagship product, Allasso Copilot, brings together backtesting, scenario analysis, risk management, historical analytics, and idea generation on a single interface, enabling traders to manage risk and uncover opportunities in one place.
With the new funding, Allasso plans to scale commercially and expand its analytics capabilities beyond options into other asset classes, including STIR and bond futures, ETFs, FX, single stocks, and digital assets.
Cairo-based FinTech Munify, which focuses on cross-border digital banking solutions for Egyptians living abroad, has secured $3m in a seed funding round.
The round was led by Y Combinator, with additional support from BYLD, Digital Currency Group, and other strategic investors, according to a report from Wamda.
Founded in 2024, Munify aims to tackle the challenges faced by Egyptians abroad when accessing affordable and efficient banking services. Its platform provides instant, low-cost remittances to Egypt, the ability to open US bank accounts, debit card issuance, and tools to mitigate currency volatility.
Currently serving customers in the US, UK, Europe, and the GCC, Munify’s services cater to freelancers, SMEs, and Egyptian expatriates who face high fees and settlement delays with traditional remittance providers.
The company said the new funding will help scale its engineering and compliance teams, enhance regulatory and banking partnerships, and expand into more markets.
Juniper Square, a fund operations partner serving more than 2,000 private markets general partners (GPs), has received a strategic investment from Nasdaq Ventures to accelerate innovation in private markets technology.
The investment will see Nasdaq join Juniper Square as a partner, with the two firms exploring ways to develop integrated data and liquidity solutions for private fund managers. This announcement comes just months after Juniper Square closed its $130m Series D round in June.
Founded over a decade ago, Juniper Square provides a unified platform that connects software, data, and fund administration services. Its technology is designed to help private market firms scale faster, streamline operations, and improve the investor experience. Today, it powers over 40,000 funds, supports 650,000 limited partner (LP) accounts, and manages $1trn in LP capital.
Juniper Square intends to use Nasdaq’s investment to build out AI-powered solutions, integrated services, and industry-specific infrastructure for private market participants.
The collaboration will also prioritise new approaches to private market liquidity, including innovations in secondaries.
Q6 Cyber, the Miami-based threat intelligence company, has received a strategic growth investment from Charlesbank Capital Partners through its Technology Opportunities Fund. Financial terms of the deal were not disclosed.
The capital will be used to expand Q6 Cyber’s product suite, strengthen its commercial and international presence, and support strategic acquisitions.
Founded in 2016, Q6 Cyber provides banks, credit unions and other financial institutions with intelligence tools that monitor covert online channels, including the dark web. Its platform enables clients to spot and prevent fraud before losses occur, with the firm claiming to have helped financial institutions mitigate hundreds of millions in potential fraud losses.
The company’s founder and CEO, Eli Dominitz, along with the management team, will retain their investment and continue to lead the business.
Originally published on Fintech Global. For more details, visit the source.
