There was 22 deals recorded in the FinTech sector this week, with a total of $806.2m raised across all deals.
This represented a considerable decline on last week’s raises, where a handsome $2.17bn was raised in a true bull week for the RegTech and CyberTech sectors.
The biggest deals this week were seen in the WealthTech sector, with the two top deals bringing in a whopping $505m combined.
Market-wise, the WealthTech sector duly dominated this week, making up seven deals in total. The InsurTech, financial infrastructure and RegTech markets saw three deals and CyberTech, Blockchain and PayTech firms brought in two.
Geographically, the US was again at the top of the pile, raking in 10 deals in total this week. In second place was the UK on four deals, whilst Italy, Switzerland, Egypt, Mexico, Canada, Denmark and Sweden all each pulled in one deal.
Research this week by FinTech Global found that the global FinTech industry recorded 1,285 deals in Q1 2026, up 10% from 1,165 deals in Q1 2025 and 7% from 1,200 deals in Q4 2025.
Funding, however, moved in the opposite direction, with $19.8bn raised during the quarter, down 8% from $21.6bn in Q1 2025 and 36% below the $31.1bn recorded in Q4 2025.
The contrast between expanding deal volumes and contracting funding suggests a shift in the character of investment activity, with a larger number of smaller transactions driving deal counts higher while the blockbuster rounds that inflated Q4 2025 figures were notably absent.
Here are this week’s deals.
Plata hits $5bn valuation with $405m Series C raise
Plata, a technology-led digital bank operating in Latin America, has closed a $405m Series C funding round at a valuation of $5bn, becoming the region’s most valuable privately held digital bank.
The round was led by Bicycle Capital and drew in a number of new institutional backers, including Qatar Investment Authority (QIA), BTG Pactual, Valor Capital Group, and a large global long-only active fund manager. Existing investors Kora, Hedosophia, Spice Expeditions, and Audeo Ventures also took part.
The Series C was multiple times oversubscribed, reflecting strong institutional appetite. Morgan Stanley served as exclusive placement agent for the raise.
Slash Financial hits unicorn status with $100m Series C
Slash Financial, a San Francisco-based business banking platform, has reached unicorn status after closing a $100m Series C funding round that values the company at $1.4bn.
The round was led by Ribbit Capital, with new investor Khosla Ventures and returning backer Goodwater Capital, which led Slash’s Series B just 16 months prior, co-leading the raise. New Enterprise Associates and Y Combinator also participated, each investing in Slash for a fourth consecutive time.
The latest round brings total capital raised by the company to over $160m.
AI security startup Artemis exits stealth with $70m
Artemis has emerged from stealth mode with $70m in combined seed and Series A funding — just six months after its founding.
The Series A round was led by venture capital firm Felicis, with continued backing from existing investors and notable figures from across the cybersecurity industry. The total raise combines the seed and Series A tranches, though individual round sizes were not disclosed.
The funding comes as AI-driven cyberattacks become increasingly difficult to counter with conventional tools.
Wealth.com raises $65m Series B for AI wealth planning
Wealth.com, an AI-powered platform modernising estate and tax planning for wealth management firms, has closed an oversubscribed $65m Series B funding round.
The raise attracted new investors including Titanium Ventures, Pruven Capital, The K Fund and Dynasty Financial Partners, alongside existing backers Charles Schwab, GV (Google Ventures), Citi Ventures, 53 Stations, Anthos Capital and Alumni Ventures.
The round follows GV’s lead investment in Wealth.com’s Series A in September 2024 and a minority strategic investment from Charles Schwab in April 2025.
Sompo partners with Zego in $28m funding round
UK digital motor InsurTech Zego has secured $28m (approximately £20.6m) in a new funding round, with Japanese insurance giant Sompo Holdings joining existing investors as part of a wider strategic partnership between the two firms.
The two companies will use the tie-up to jointly explore and develop telematics-based insurance products tailored to the Japanese market. Sompo Holdings participated in the funding round alongside Zego’s existing backers.
The collaboration is underpinned by a mutual belief that data-led, usage-based insurance can produce meaningfully better outcomes for policyholders.
Horizon Technology Finance backs Stellar Cyber with $25m facility
Horizon Technology Finance Corporation, a Monroe Capital affiliate and specialty lender to venture-backed technology businesses, has extended a delayed draw senior credit facility of up to $25m to Stellar Cyber, an AI-native cybersecurity platform provider, to fund its continued expansion.
The facility will be used to accelerate development of Stellar Cyber’s AI-driven platform, broaden its go-to-market activities, and strengthen the open, unified security operations capabilities it delivers to managed security service providers (MSSPs) and enterprise security teams.
spektr targets KYC bottleneck with $20m Series A raise
spektr, a Copenhagen-based AI infrastructure company focused on financial services compliance, has closed a $20m Series A funding round led by NEA, with follow-on support from Northzone, Seedcamp, and PSV Tech.
The capital will be deployed to scale spektr’s AI agent platform and drive adoption among financial institutions worldwide.
The round addresses a persistent challenge in the compliance sector: despite significant investment in compliance technology over the years, KYC and KYB processes remain heavily manual, with analysts routinely spending hours collating corporate documents, mapping ownership structures, verifying business activity, and writing risk rationales across multiple sources.
Pipe raises $16m to scale small business financing
Pipe, a FinTech providing embedded financial solutions tailored to small businesses, has secured $16m in a new funding round co-led by Fin Capital and MaC Venture Capital.
The raise marks Pipe’s first equity funding since the company relaunched its embedded financing product in 2024. As part of the deal, Marlon Nichols, general managing partner at MaC Venture Capital, has joined Pipe’s board of directors.
Since relaunching, Pipe Capital has issued more than 15,000 advances to small businesses across the globe, with total originations exceeding $300m.
Paxos Labs raises $12m to launch Amplify digital asset stack
Paxos Labs, the digital assets financial utility stack incubated within Paxos, has closed a $12m strategic funding round and announced the launch of its Amplify platform, which enables companies to transform digital asset holdings into active financial products via a single integration.
The round was led by Blockchain Capital, an early backer of Paxos, with additional participation from Robot Ventures, Maelstrom and Uniswap.
The capital will be used to accelerate development of the Amplify suite across three integrated modules: Earn, which provides institutional-grade yield on digital assets; Borrow, which facilitates digital asset-backed lending; and Mint, which supports branded stablecoin issuance. All three modules are now live.
Common Wealth raises $12m CAD to expand retirement access
Common Wealth, which claims to be Canada’s fastest-growing group retirement provider, has closed a $12m CAD equity financing round to broaden retirement plan access for Canadian workers.
The round drew participation from both new and returning investors, including the Broadbent group, Good & Well, AgeTech Capital, Deokali Capital, Eventi Capital Partners, and Flow Capital, alongside a number of prominent Canadian families and individuals.
Haast raises $12m Series A to automate compliance
Haast, an AI-powered enterprise compliance engine founded in 2023, has closed a $12m Series A funding round that brings its total US capital raised to $17.05m.
The round was led by Peak XV Partners, with DST Global Partners, Airtree, Aura Ventures, and Black Sheep Capital also participating. Proceeds will be directed towards scaling its agentic workflows, accelerating product development, and broadening the company’s global enterprise presence.
Haast argues that as AI adoption accelerates across marketing, product, and go-to-market functions, corporate content volumes have surged by between 8x and 10x, leaving legal and compliance teams unable to keep pace.
Wamo raises €10m Series A to expand across Europe
Wamo, a European financial operating platform for small and medium-sized enterprises (SMEs), has secured €10m in Series A funding to drive expansion into Italy and the Nordics, bolster its product suite, and roll out artificial intelligence (AI)-powered tools across its business account offering.
The round was led by TCEE Fund IV, advised by 3TS Capital Partners. WealthTech investor Oleka Capital and a number of existing backers also contributed to the raise.
Wamo holds a licence from the Finnish Financial Supervisory Authority and operates a multi-currency business account platform serving more than 15,000 customers across Europe. Its offering spans cards, invoicing and expense management, all brought together within a single platform tailored to the needs of SMEs.
Capsule Security exits stealth with $7m seed round
Capsule Security, a trust layer platform designed to secure agentic AI systems at runtime, has launched from stealth mode after closing a $7m seed funding round co-led by Lama Partners and Forgepoint Capital International.
The round brings together backing from prominent security industry figures who serve in an advisory capacity, including Chris Krebs, the inaugural director of the US Cybersecurity and Infrastructure Security Agency (CISA); Omer Grossman, who previously served as global CIO at CyberArk; Jim Routh, a former CISO across several Fortune 500 businesses; and Dr Yonesy Núñez, a former CISO with a background spanning financial services.
Capsule Security is built to address what it identifies as the most volatile element of the enterprise AI stack: what happens between the moment an AI agent receives a prompt and the moment it carries out an action.
PeakMetrics raises $6m Series A for AI narrative intel
PeakMetrics, an AI-driven narrative intelligence platform serving enterprises, government agencies and public sector teams, has closed a $6m Series A funding round, bringing its total capital raised to $16.3m.
The round was led by Moneta Ventures, with follow-on participation from Techstars, Parameter Ventures, VITALIZE Venture Capital, and Gurtin Ventures.
The fresh capital will be directed towards advancing PeakMetrics’ AI platform, with a particular focus on improving real-time detection of harmful narratives and strengthening the decision-making intelligence available to organisational leaders.
Round raises $6m seed to automate finance teams with AI
Round, a London-based AI-powered finance automation platform serving high-growth European companies including Cleo and PostHog, has closed a $6m seed funding round and unveiled two new products: an Agentic Workflow Builder and Autonomous Payroll module.
The round was led by Alstin Capital, with Backed VC and Love Ventures also participating. Approximately 10% of Round’s existing customers contributed to the raise alongside new angel investors, among them Paul Forster, co-founder of Indeed.
Existing backer Passion Capital — an early investor in Monzo, Tide and GoCardless — also reinvested.
UniCredit takes €4m stake in BlockInvest
UniCredit, a pan-European banking group, has completed a strategic €4m investment in BlockInvest, a blockchain infrastructure company, acquiring approximately a 16% stake in the firm.
The deal sees UniCredit take a minority position in BlockInvest as part of a broader effort to advance the adoption of on-chain financial solutions across its key markets.
The two organisations have an established working relationship, having previously collaborated on a number of transactions that set operational benchmarks in Italy under the country’s FinTech Law — including the country’s first natively digital minibond and, more recently, the first tokenised structured note on a public blockchain for the wealth segment.
Eleos Life secures $3m media-for-equity investment for US growth
InsurTech Eleos Life has secured $3m in capital from Mercurius Media Capital (MMC), a US-based media-for-equity venture fund, to accelerate brand awareness and customer acquisition across the United States.
The investment will give Eleos access to national advertising inventory across television, digital and cinema channels, allowing the company to expand its presence without using traditional venture funding to finance marketing campaigns.
MMC operates a media-for-equity model, providing advertising inventory through partners including Sinclair Broadcast Group, TelevisaUnivision and Atmosphere TV in exchange for equity stakes in portfolio companies.
Ralio raises $2.5m in Europe’s biggest agentic payments round
Ralio, a trust infrastructure provider sitting between AI agents and payment rails, has announced a $2.5m pre-seed funding round, marking what it describes as the largest agentic payments raise in Europe to date.
The round was led by SVV (Sure Valley Ventures), with contributions from Seed X, Love Ventures, Plug and Play, rule30, Adeline Arts and Science, Endurance Ventures, Campus Fund, and FinTech investor Alan Morgan.
Early backer Antler also continued its support following its initial investment. The round was reportedly three times oversubscribed within just three months of the company being founded.
SolvaPay raises €2.4m
SolvaPay, an AI payments infrastructure startup, has raised €2.4m in pre-seed funding to develop payment rails designed for AI-driven commerce.
The Stockholm-based company secured backing from MS&AD Ventures and Redstone, with additional participation from Antler and Greens Ventures, reflecting growing investor interest in infrastructure supporting the emerging “agentic economy”, according to InsurTech Insights.
Founded in 2025, SolvaPay is developing machine-native payment rails that allow AI agents to autonomously discover, transact and pay for digital services across platforms.
Insurteam raises $1.3m to expand MGA ops in Europe
Switzerland-based InsurTech firm Insurteam, a travel insurance automation specialist, has closed a $1.3m funding round to accelerate its European expansion, according to VentureLab.
The capital will be used to extend Insurteam’s Managing General Agent (MGA) operations across the continent.
As a former Venture Leaders Fintech participant, the company intends to use the funding to bring insurance products to market that fully incorporate its proprietary technology, with particular emphasis on underwriting performance and the customer experience.
Palm secures Amex Ventures investment for business identity
Palm, a portable business identity infrastructure platform serving the 35 million businesses across the United States, has received a strategic investment from Amex Ventures, the corporate venture capital arm of American Express.
The funding will go towards Palm’s ongoing product development, partner integrations, and the broader rollout of its API-driven identity network across financial services and vertical software-as-a-service platforms.
MerQube closes Series C with 7Ridge and Deutsche Börse
MerQube, a US-based index technology provider specialising in rules-based investment strategies, has completed a Series C funding round backed by 7RIDGE and Deutsche Börse Group, though the amount raised has not been disclosed.
The two new investors join an existing roster that includes Allianz Life Ventures, Citi, Intel Capital, J.P. Morgan, Laurion Capital Management, and UBS.
7RIDGE is a private markets asset manager focused on transformative financial technologies, while Deutsche Börse Group is a global financial market infrastructure provider.