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News
BrightPlan lands Series C led by ABS Capital Partners
3+ day, 19+ hour ago (450+ words) BrightPlan, an AI-powered financial wellness platform built for global enterprises, has marked its 10th anniversary with the announcement of the first closing of its Series C funding round. The round is being led by ABS Capital Partners, a growth equity firm…...
Cylake raises $245m to challenge cloud-first cybersecurity
4+ day, 1+ hour ago (309+ words) Cylake has raised $245m through a convertible note ahead of the beta launch of its next-generation product. The round saw participation from Lightspeed Venture Partners, Picture Capital and Redpoint Ventures, and pushes the company’s total funding to $290m, following a $45m seed round…...
Phoenix Venture Partners leads $3.5m round in Sav
4+ day, 20+ hour ago (196+ words) Phoenix Venture Partners Limited (PVP), an Abu Dhabi-based venture capital fund manager, has led a $3.5m Pre-Series A financing round in Sav, an autonomous consumer WealthTech platform that draws on AI and open finance infrastructure to help users save, invest, manage…...
Olenbee raises €7m to scale real-time perks tech
4+ day, 19+ hour ago (152+ words) Olenbee, a French FinTech and mission-driven company that applies artificial intelligence to everyday employee benefits, spending and rewards, has closed a €7m funding round to accelerate its growth and broaden its offering. The round was backed by GO CAPITAL, with contributions…...
Ant International wins payment licence in Brazil
5+ day, 1+ hour ago (387+ words) Ant International, a global digital payments and financial technology provider, has secured a Payment Institution (PI) licence from the Central Bank of Brazil, strengthening its ability to provide payment and account services to businesses operating in the country. The approval…...
Aquiline to invest in wealthtech platform Flourish
1+ week, 3+ day ago (171+ words) Aquiline, a global private investment firm focused on financial services and technology, has entered into a definitive agreement to invest in Flourish, an innovative WealthTech platform currently owned by MassMutual that gives registered investment advisors, or RIAs, private-bank-like solutions to…...
Alice raises $140m as AI attacks outpace defences
2+ week, 4+ day ago (411+ words) Alice, an AI trust, safety and security business that shields billions of internet users from online manipulation, has closed a $140m funding round as enterprises race to contain the risks of giving AI systems real autonomy. The round was led by…...
Fasset hits $1bn valuation with SBI-led $68m round
2+ week, 6+ day ago (410+ words) Fasset, the AI-powered stablecoin neobanking platform, connecting banks, telcos, payment firms and liquidity providers across more than 100 corridors worldwide, has closed a $68m Series C funding round that values the business at $1bn. The round was led by SBI Group and follows…...
Payments and AI drive $361m in FinTech funding this week
3+ week, 1+ day ago (1628+ words) Funding was spread across a range of sectors this week, with payments, WealthTech, CyberTech, InsurTech and AI-focused businesses all securing capital. The biggest deal came from France-based payments technology company Ingenico, which agreed a €150m investment led by PIMCO to accelerate…...
AI ERP challenger Rillet raises $100m at $1bn value
3+ week, 1+ day ago (383+ words) Rillet, the AI-native ERP (enterprise resource planning) platform built for modern finance teams, has closed a $100m Series C round that values the business at $1bn. The round was led by ICONIQ, with participation from Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain…...