It was a modest week for FinTech deals and funding, with a total of $677m raised across 14 deals.
It represented a slight downturn on the previous week, which had seen $814m raised across 17 deals.
This week was supported by three deals, which accounted for the lion share of the funding. The top three deals of the week collectively raised $420m, with all three exceeding $100m.
Cloud-native issuer-processor Paymentology recorded the largest funding round of the week. It secured $175m through an investment co-led by private equity firms Apis Partner and Aspirity Partners. The PayTech company has earmarked the funds to support its international expansion, as well product development and team growth.
Sighting just behind Paymentology with the second biggest deal was CyberTech company Exaforce. The company builds and continuously maintains a real-time security knowledge graph at the point of data ingestion. Through this, agents can easily access fully contextualised information.
The final deal to break the $100m mark this week was raised by UK-based Elliptic. The digital asset compliance and on-chain analytics provider secured the Series D funding, which put its valuation at $670m. The round was led by One Peak, with Nasdaq Ventures, Deutsche Bank and the British Business Bank all participating.
In terms of sectors, infrastructure and enterprise software just edged a lead this week, accounting for four of the deals. These companies were Embat, Stitch, Anomaly Insights and DDD Invoices. It was followed closely by PayTech (Paymentology, Elliptic and Adfin) and CyberTech (Exaforce, Frame Security and Lyrie.ai), which had three deals each.
The only other sector to record multiple deals this week was InsurTech with two deals (Novella and Novella), and finishing off the deals this week was one WealthTech (Fasset) and one RegTech (Greenboard).
In terms of countries, the US remained as the lead. The FinTech hub was home to seven of the deals this week, including Exaforce, Fasset, Frame Security, Novella, Greenboard, Anomaly and Outmarket AI). The UK was the only other to record multiple deals. The UK-based FinTechs were Paymentology, Elliptic and Adfin.
The remaining four deals were split across Spain (Embat), Saudi Arabia (Stitch), the UAE (Lyrie.ai) and Slovenia (DDD Invoices).
Recent research from FinTech Global found that the UK retained its position as the European FinTech hub in Q1 2026. The UK accounted for four of the ten biggest deals in the quarter, including the top spot, which was raised by 9fin and its $170m round.
In general, European FinTech investment in Q1 2026 reached $3.7bn across 192 deals, representing a 31% decline in funding compared to the $5.4bn raised across 184 deals in Q1 2025. Deal volume, however, edged up slightly, rising by 4% year-on-year.
Here are the 14 FinTech funding rounds covered on FinTech Global this week:
Paymentology raises $175m to fuel global expansion
Paymentology, a cloud-native global issuer-processor operating across close to 70 countries, has secured $175m in an investment round co-led by private equity firms Apis Partners and Aspirity Partners.
The round was co-led by Apis Partners, a private equity firm focused on financial infrastructure and services, and Aspirity Partners, a pan-European private equity firm with a focus on financial technology and services as well as enterprise technology and connectivity.
The capital will be directed towards continued international expansion, product development and team growth as the company responds to growing demand for modern issuer processing infrastructure worldwide.
Paymentology’s performance has been strong in the lead-up to the raise, with new sales climbing 117% year-on-year in FY25 and transaction volumes rising 65%. Demand has been driven by digital banks, embedded finance providers, digital asset-linked card programmes and expense management platforms, as well as established banks looking to replace ageing infrastructure.
The company serves a geographically diversified client base with meaningful exposure to high-growth regions including the Middle East, Latin America, Africa and the Asia-Pacific. The company will look to use the capital not only to grow its core issuer-processing business, but also to push into adjacent areas such as credit, stablecoin, tokenisation and AI-driven services.
Paymentology provides a highly configurable, cloud-native processing platform that enables real-time card and digital payment issuance at scale for financial institutions in close to 70 countries. Its platform allows issuers to launch, adapt and manage card programmes efficiently across multiple markets. The company’s client base includes prominent FinTechs such as M-Pesa by Safaricom, RedotPay, Rain, TrueMoney and ARQ, alongside fast-growing neobanks such as GoTyme, Snappi, Wio Bank, D360 and Albo.
Exaforce’s $125m Series B bets on real-time security reasoning
Exaforce, a CyberTech firm pioneering agentic security operations, has secured $125m in a Series B funding round — one of the largest raises in the emerging AI security operations centre (SOC) market to date.
The round drew participation from HarbourVest, Peak XV, Mayfield, Khosla Ventures, Seligman Ventures, and AICONIC. The fresh capital arrives just 12 months after the company’s $75m Series A, pushing its cumulative funding to $200m. Exaforce intends to deploy the proceeds to scale its AI-native security platform, strengthen its real-time reasoning capabilities, and grow its international presence.
The company’s approach sets it apart from the bulk of its competitors in the AI SOC market. Where most rival platforms focus on triaging alerts after they fire, requiring agents to reconstruct context by querying logs, calling APIs, and correlating signals after the fact, Exaforce builds and continuously maintains a real-time security knowledge graph at the point of data ingestion. By connecting security events, identities, permissions, configurations, code, files, and cloud activity as they arrive, the platform gives its agents immediate access to fully contextualised information.
The result is that investigations which might take conventional AI SIEM or SOC triage tools hundreds of queries and several minutes can be completed by Exaforce in under a minute. Correlating data at ingest, rather than at query time, also underpins the company’s real-time detection capability — something Exaforce argues is structurally impossible for platforms that reconstruct context on demand.
Elliptic raises $120m Series D at $670m valuation
Elliptic, a digital asset compliance and on-chain analytics provider, has closed a $120m Series D funding round, valuing the company at $670m.
The round was led by One Peak, with Nasdaq Ventures, Deutsche Bank and the British Business Bank all participating. The new capital will be used to accelerate Elliptic’s delivery of enterprise-grade on-chain analytics to the world’s largest banks, FinTechs, government agencies, and digital asset and payments companies.
Elliptic says it screens more of the global on-chain economy than any other private sector provider, processing transactions across more than 65 blockchains for over 700 customers in 30 countries, screening in excess of one billion transactions per week.
The company was first to bring AI-native compliance to enterprise scale in 2025, built on a proprietary dataset assembled over more than a decade since its founding in 2013. Its platform enables automated triage, faster decision-making and lower cost per investigation.
Fasset closes $51m Series B to scale stablecoin banking
Fasset, a Los Angeles-headquartered global banking and investment platform, has closed a $51m Series B funding round.
The round drew participation from Japan’s SBI Group, Istanbul-based asset manager Arz Portföy, Bahrain-headquartered global asset manager Investcorp, and a collection of strategic family offices. The close comes as central banks worldwide seek to modernise international payment infrastructure with tokenisation and blockchain technologies.
Fasset intends to deploy the capital across several strategic priorities. These include accelerating the build-out of regulated, full-service financial infrastructure across its existing network of more than 50 local banking corridors, as well as entering new markets across Asia, Africa and the Americas. The company also plans to triple its retail, business and private banking headcount, expand its US office to develop executive talent, and launch new business lines covering lending, SME banking and trade finance.
The platform currently processes more than $32bn in annualised transaction volume, supporting over two million wallets spanning 125 countries and in excess of 1,000 SME clients worldwide. Its institutional user base grew tenfold during 2025. Fasset recently partnered with Tether, creator of the world’s largest stablecoin, to introduce what it describes as the world’s first gold-backed neobanking card. The company’s AI-powered platform underpins transaction flow optimisation and risk management across its operations.
Frame Security raises $50m to tackle human cyber risk
Frame Security, a human risk security company using AI to defend organisations against social engineering and deepfake attacks, has made its public debut alongside a $50m funding round.
The raise was led by Index Ventures, Team8, and Picture Capital, with notable participation from Wiz CEO Assaf Rappaport and prominent technology investor Elad Gil. Gil initially backed the company as an angel investor before subsequently doubling down through his vehicle, Gil Capital.
Frame’s platform automates the end-to-end process of security awareness and training. Powered by AI, it allows companies to generate realistic attack simulations, role-specific training tailored to individual employees, and targeted guidance across the organisation. When new attack methods emerge, security teams can develop and roll out relevant training within minutes.
The platform continuously monitors employee behaviour and organisational patterns to deliver contextually relevant simulations, enabling companies to move beyond static, one-size-fits-all awareness programmes. The company already counts tens of enterprise customers, including Louis Dreyfus Company, AlphaSense, and Rockefeller Capital Management. Frame intends to use the new capital to grow its engineering, AI research, and go-to-market teams, with a view to accelerating enterprise adoption across the United States and internationally.
Embat raises €30m ($34.8m) Series B to drive European growth
Stitch lands $25m as banks’ infrastructure debt reaches tipping point
Stitch, a cloud-native operating system built to replace fragmented legacy infrastructure at financial institutions, has secured $25m in a Series A funding round led by Andreessen Horowitz, marking the Silicon Valley firm’s first investment in the GCC and bringing Stitch’s total funding to $35m.
The round also drew continued backing from existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. The capital will be directed at accelerating product development, deepening Stitch’s footprint across the GCC and broader MENA region, and scaling its global go-to-market operations.
Despite the financial sector spending upwards of $1tn on digital transformation over the past three years, most institutions continue to run on the same fractured, decades-old core systems. Globally, banks allocate an estimated $700bn a year to technology — yet launching a new product can still take years, and upgrading core infrastructure risks operational paralysis. With AI now reshaping every major industry, the gap between legacy architecture and modern capability has become an existential challenge: institutions cannot meaningfully adopt AI without first building on a clean, reliable system of record.
Stitch was founded by a team with operational experience spanning NPCI, FIS, Barclays, Santander, and Azentio. Its platform gives financial institutions a single, cloud-native stack covering lending, cards, payments, and ledgers, which can be adopted gradually by module rather than requiring a wholesale system replacement overnight. By consolidating fragmented core systems into a unified modern record, Stitch provides the foundation that institutions require before AI adoption can deliver real value.
Novella secures $21m to expand AI brokerage
Novella, an AI-powered wholesale insurance broker, has raised $21m to expand its brokerage operations across the US, hire additional producers and continue developing its proprietary AI platform.
The funding round was led by Brewer Lane Ventures and included participation from Box Group, Crystal Venture Partners, SV Angel, Avid Ventures, Verissimo Ventures, Blank Ventures and global insurer Arch.
Founded in 2024, New York-based Novella operates as a wholesale Excess and Surplus (E&S) insurance broker, combining human brokers with AI-driven automation tools. The company also maintains a research and development centre in Tel Aviv, Israel.
Novella said its AI platform is designed to automate large parts of the insurance placement and servicing process, including binding, policy reviews, form comparison, inspections, endorsements, billing and renewals. The company said the technology enables brokers to spend more time focused on client relationships and business development rather than administrative work.
The fresh funding will be used to recruit additional brokers, further develop the company’s AI capabilities and support geographic expansion across the US. In 2026, Novella opened offices in Miami and Houston, with further expansion planned, including a southern California office expected to open in the second quarter.
The company said it is licensed across all 50 US states and has secured appointments from close to 100 specialty carriers and managing general agents to broker property and casualty insurance business. More than 3,500 retail agencies currently place business through the platform, according to the firm.
Greenboard raises $20m to launch AI compliance tool
Greenboard, an AI-native securities compliance platform serving more than 500 financial institutions, has announced $20m in total funding, including a previously undisclosed $15.5m Series A led by Base10 Partners.
The round also drew participation from Y Combinator, General Catalyst, Wayfinder Ventures, Commerce Ventures, Transpose Platform, Liquid2 Ventures and Kulveer Taggar, alongside strategic industry investors.
In tandem with the funding announcement, the company is unveiling GreenboardGo, a conversational AI layer built directly on top of a firm’s compliance books and records. The tool is designed to provide instant answers to employee compliance questions, direct decisions to the appropriate compliance expert, and automatically prepare compliance tasks ahead of human review and sign-off, covering workflows that had previously depended on manual coordination.
Greenboard was founded in 2023 by Dave Feldman and Ed Schembor to help financial institutions manage the growing complexity of securities compliance. Its platform replaces fragmented legacy tools with a single unified system covering employee compliance, communications supervision, marketing review, third-party oversight and firm compliance operations.
GreenboardGo sits as an AI-native layer embedded within Greenboard’s existing foundation of a firm’s books, records, policies and workflows. Because of this, the company argues the product can do something generic AI tools cannot: take action grounded in a firm’s actual compliance programme rather than broad regulatory guidance.
Adfin raises $18m Series A to automate business finance
Adfin, a payments and finance automation platform focused on helping businesses get paid on time, has closed an $18m Series A funding round, bringing its total capital raised to over $30m in under two years.
The round was led by long-standing backer Index Ventures, which has now invested in the company for a third time. Existing investor Visionaries Club also participated. The raise also saw two new investors join: Stéphane Kurgan, described by the company as one of Europe’s leading operators, and Andrey Khusid, the founder of collaborative whiteboard platform Miro.
Adfin said the fresh capital will be used to expand its ambitions beyond invoice payments into a fully automated finance platform. The company intends to build what it calls an agentic finance platform — one that automates the workflows finance teams rely on to get paid, manage cash, and handle other financial operations.
The company said it believes the future of money movement lies in combining strong payments infrastructure with artificial intelligence, handling repetitive tasks while keeping decision-making in human hands. Among the first products to emerge from this direction will be customer agents, a new credit control feature set to launch soon. The tool is designed to automate tasks such as late fee calculations and reminder sequences tailored to individual customers, while leaving key judgements to the user.
Anomaly Insights raises $17m to tackle payer asymmetry
Anomaly Insights, an AI-powered payer intelligence platform designed to close the knowledge gap disadvantaging healthcare providers, has secured $17m in new funding, bringing its total capital raised to $34m.
The round was led by Sound Ventures, with Alumni Ventures joining alongside returning backers Link Ventures, Redesign Health, and RRE Ventures.
Healthcare providers routinely lose significant revenue to payer denials, underpayments, downgrades, retractions, and delays that deviate from agreed contract terms. A key driver of this issue is that insurance plans commonly deploy seven or more payment integrity vendors with the goal of identifying new reasons to reduce provider payments. This structural imbalance plays out across every claim submission, contract negotiation, and payer interaction.
Anomaly’s platform addresses this directly, using AI and machine learning to surface the payer behaviour patterns, policy shifts, and adjudication deviations that determine what providers are actually paid. The platform bridges revenue cycle and managed care functions, offering leadership a unified view of the full payer relationship.
Founded in 2020 and headquartered in New York, Anomaly Insights is the first AI-powered payer intelligence company built specifically to counter the long-standing data advantage held by payers. By analysing billions of healthcare transactions in real time, the platform decodes payer behaviour at machine speed and precision.
The new capital will be used to accelerate the platform’s expansion.
Outmarket AI bags $17m to expand insurance platform
Outmarket AI, an InsurTech company developing AI software for insurance brokers and agencies, has raised $17m in a Series A funding round led by Permanent Capital Ventures.
The round also included investment from SignalFire, Fika Ventures, TTV Capital and Dash Fund, alongside backing from insurance agency networks, agency owners and industry executives. The latest raise brings the company’s total funding to $21.7m.
Founded to modernise insurance workflows, Outmarket connects directly with agency management systems to turn brokerage data into a centralised intelligence platform. Its tools are designed to automate processes such as policy checking, loss run analysis and policy comparison, areas of the insurance market that have traditionally relied on manual work and disconnected systems.
The company said the new funding will be used to expand its platform and develop additional AI-powered workflows across commercial, benefits, personal lines and specialty insurance. It also plans to broaden the capabilities available to brokerages over the next year.
Outmarket said it has grown rapidly since launching in March 2025, with annual recurring revenue increasing fivefold year-on-year. More than 250 insurance brokerages now use the platform, according to the company, which said its technology processes millions of quotes, policies and applications.
Lyrie.ai closes $2m pre-seed to tackle AI agent security
Lyrie.ai, the autonomous cybersecurity platform developed by Dubai-based OTT Cybersecurity LLC, has completed a $2m pre-seed funding round and stepped out of stealth, with proceeds earmarked for research team growth, infrastructure expansion, and the broader rollout of its Agent Trust Protocol.
The funding will additionally back the company’s submission of the Agent Trust Protocol (ATP) to the Internet Engineering Task Force (IETF) and support the development of enterprise and government partnerships. OTT Cybersecurity has signalled it is already working towards a Series A to drive deployment at scale across both sectors.
The Lyrie platform spans offensive and defensive security across the full threat lifecycle. Its capabilities include autonomous penetration testing that runs a seven-phase assessment from a single command, adversarial AI red-teaming using GCG and AutoDAN workflows on H200 GPU infrastructure, and threat coverage aligned to the OWASP Agentic Security Initiative 2026 catalogue. The platform also offers autonomous zero-day discovery through Omega-Suite binary analysis and is deployable across environments ranging from consumer hardware to enterprise GPU setups.
DDD Invoices raises €1.31m ($1.5m) seed for e-invoicing API
DDD Invoices, a Slovenia-based provider of API-driven e-invoicing compliance infrastructure, has closed a €1.31m seed funding round.
The round was backed by Fil Rouge Capital and 500 Global, alongside a group of angel investors and advisors with deep roots in the e-invoicing and ERP ecosystem, according to a report from EU-Startups.
The company intends to deploy the capital to broaden its country coverage, simplify integrations and deployment processes, and build out its product, engineering, and go-to-market teams.
Among its angel backers are several senior figures from the e-invoicing industry. These include Bengt Nilsson, founder of IFS and former chief executive of Pagero; Hans Berg, co-founder of Tickstar and chief executive of Arratech; Oscar Wegland, former chief marketing officer at Pagero and co-founder and CMO of Docupath; Alexander Jansson, former head of partnerships at Pagero and COO at Docupath; and Carl Julius Nilsson, former CCO at Pagero and CEO of Docupath.
DDD Invoices offers software companies a single API to manage mandatory e-invoicing obligations across more than 30 countries, with a particular focus on Central and Eastern Europe.
Its platform supports SaaS businesses, ERP and POS providers, property management systems, marketplaces, and payment providers, enabling them to meet local fiscal requirements within days rather than months. Coverage includes mandates such as Poland’s KSeF, Hungary’s NAV, Romania’s RO_Cius, Serbia’s SEF, Croatia’s Fiscalization 2.0, and Montenegro, among others.
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