FinTech funding surges past $2.2bn this week
The standout deal was a massive $1.5bn raise by UK-based Propel Finance, aimed at boosting SME lending in the UK, one of the largest single funding rounds in European FinTech this year.
This mega-round alone accounts for more than half of the week’s total capital raised.
Close behind was Mexican digital banking powerhouse Klar, which secured $190m in fresh funding to accelerate its expansion in Latin America.
Africa’s FinTech ecosystem also made a strong showing, with mobile-first platform Wave raising €117m, reinforcing investor confidence in the continent’s digital financial inclusion journey.
RegTech and cybersecurity firms collectively drew substantial backing, with UK-based Clearspeed securing $60m to advance its voice-based risk technology, alongside significant rounds for French cybersecurity firm Gatewatcher (€25m) and Greek banking technology provider Natech (€28m). US-based AI security startup Bonfy.ai raised $9.5m, further underscoring the global demand for advanced compliance and risk management tools.
Smaller but strategic deals punctuated the week, including wealth management platform Savvy Wealth’s $72m Series B, Dutch InsurTech Surebird’s €1.165m seed round, and Danish insurtech Leaf Insurance raising €1.74m. Meanwhile, US FinTech DailyPay completed a $200m securitisation to fuel growth, and Indonesian AI spend platform Monit raised $2.5m, highlighting a broad geographic spread of innovation.
The US and UK continued to dominate the landscape, accounting for the majority of deals by volume and value.
The UK led with four deals including Clearspeed, Savvy Wealth, Propel Finance, and usecure (undisclosed funding), while the US saw multiple rounds, including DataBahn’s $17 million Series A and Zango AI’s $4.8 million raise.
Sector-wise, Banking Infrastructure dominated, driven primarily by Propel Finance, Klar, and Natech’s combined haul of over $1.7bn and €28m. RegTech and Cybersecurity followed, with six deals totalling approximately $101m and €25m. PayTech also maintained momentum with DailyPay and Wave’s combined $329m and €117m raises.
