There were only 11 deals recorded by FinTech Global this week, with a grand total of $452m raised across all raises.
It makes for a second consecutive week of lower FinTech deals, with last week’s haul coming to a total of $757m raised across 14 deals.
The leading round this week was pulled in by vendor financing platform Capchase, who secured a $200m plus raise.
Companies specialising in financial infrastructure led the way in FinTech deals this week, securing four deals. This was trailed by RegTech and InsurTech firms on two, whilst there was one deal each in the PayTech, CyberTech and WealthTech sectors.
The US once again geographically dominated, pulling in seven deals. Meanwhile, the UK, Belgium, India and Ireland all secured one deal.
Research from FinTech Global this week found that S InsurTech recorded 32 deals in Q1 2026, down 6% from 36 deals in Q4 2025 and 6% from 34 deals in Q1 2025.
Funding came in at $484.7m, up 22% from $396m in Q1 2025 but down 42% from $834.2m in Q4 2025.
Here are this week’s deals.
Capchase raises $200m+ to scale vendor financing
Capchase, a vendor financing platform and lender for enterprise technology companies, has announced more than $200m in incremental funding to expand its embedded financing infrastructure and roll out additional AI-powered capabilities.
The raise combines debt warehouse facilities and equity from institutional investors.
With business-to-business buyers increasingly subject to tighter budgets and heightened scrutiny on large upfront expenditures, demand for flexible financing solutions is accelerating, it said.
Scapia raises $63m in General Catalyst-led round
Scapia, an Indian travel FinTech platform, has closed a $63m funding round led by General Catalyst, with continued backing from existing investors Peak XV Partners and Z47.
The capital will be used to grow Scapia’s customer base to millions across India and accelerate its AI-first approach to product development and team building, with hiring focused on engineering, product, data sciences and design.
Daloopa raises $47m to fix AI’s financial data problem
Daloopa, a financial data infrastructure provider powering AI and agentic workflows for investment firms, has secured $47m in a Series C funding round.
Brighton Park Capital led the raise, with Squarepoint Capital, Touring Capital, and Nexus Venture Partners all participating. The capital will be deployed to accelerate growth of Daloopa’s platform and to scale the company’s engineering, product, and go-to-market teams.
The funding arrives as investment firms transition AI from experimental use cases into live production workflows, where the standard of data accuracy becomes far more consequential.
Thrive and Sequoia back Pace in $46m Series B round
Pace, an AI operations partner for insurers, has raised $46m in a Series B funding round co-led by Thrive Capital and Sequoia Capital, with Emergence Capital and Pruven Capital also participating.
The round will fund an expansion of Pace’s agentic workforce capabilities, targeting tens of millions of operations tasks across the US, Europe and further international markets this year.
Pace counts several publicly known insurers and brokers among its partners, including The Mutual Group, Newfront, Prudential and WTW. Since its launch last year, the company’s AI agents have autonomously handled more than 250,000 critical insurance workflows.
Pivot raises $40m Series B to transform procurement AI
Pivot, an AI operating system for enterprise procurement, has closed a $40m Series B funding round to accelerate the development of its agentic AI capabilities and deepen its ERP integrations.
The round was led by Forestay Capital and Notion Capital, with additional participation from Greyhound, a number of industry veterans, and continued backing from existing investors Emblem, Visionaries Club, and Hedosophia.
Founded in 2023, Pivot has grown to a team of 100 people in three years and now operates offices in New York City and London. The company serves customers across more than 25 geographies, including DoorDash, Wolt, Lemonade, and Flix.
Benefitbay raises $18m Series A to scale ICHRA platform
Benefitbay, a leading Individual Coverage Health Reimbursement Arrangement (ICHRA) platform serving brokerages, employers and employees across the US, has reportedly closed an $18m Series A funding round.
The raise was led by Ten Coves Capital, with additional investment from KCRise Fund III, which participated in late March, according to a report from Start Land News. The capital is intended to support the next stage of the Kans
GV backs MokN’s $15m bid to flip the script on phishing
MokN, a cybersecurity company pioneering the emerging Active Identity Recovery category and the creator of the “Phish-Back” solution, has closed a $15m Series A funding round to accelerate its UK growth and build out its first multi-product identity protection platform.
The round was led by GV (Google Ventures), with additional participation from Datadog, existing backers Moonfire and OVNI Capital, and a group of angel investors. The capital will be deployed to scale MokN’s flagship Phish-Back solution in the UK, broaden the company into a comprehensive multi-product platform for identity theft protection, and fund the opening of new offices in the United States as part of an accelerated international expansion.
Harmoney eyes European growth with €10m investment
Harmoney, a Belgian modular compliance and risk orchestration software provider, has received a €10m strategic minority investment from Smile Sail, a private equity fund specialising in European software and AI businesses.
The capital injection from Smile Sail, which operates as an evergreen fund, will be directed toward three priorities: deepening support for Harmoney’s existing client base, scaling its international go-to-market operations, and accelerating AI-driven product development within the Counterparty Risk Management space.
The investment comes at a pivotal moment for the European compliance sector. A sweeping regulatory transformation is reshaping how financial institutions manage risk and due diligence.
Didit targets programmable identity with $7.5m raise
Didit, an AI-native identity and fraud infrastructure platform founded in 2023, has closed a seed round totalling $7.5m after securing an additional $6m in fresh investment to fuel its global expansion.
The latest tranche brings in backing from Y Combinator, Pioneer Fund, Orange Collective, Founders Future, Phosphor Capital, SaaSholic, and Rebel Fund. Angel investors joining the round include Tomer London, co-founder of Gusto, and Taro Fukuyama, founder of Fond.
Proceeds will be directed towards global go-to-market scaling, buildout of fully programmable identity and fraud coverage across its open infrastructure, and recruitment across product, sales, and customer success functions.
Cycles nets $6.4m to build on-chain clearing layer
Cycles, a startup developing an open, privacy-preserving clearing network for digital asset markets and stablecoin payments, has raised $6.4m in a funding round led by Blockchange Ventures.
Coinbase Ventures, Compound VC, Primitive Ventures, and a number of angel investors also participated in the round, bringing the company’s total funding to $8.7m. This follows a $2.3m pre-seed raise in 2025. The fresh capital will be used to accelerate the build-out and deployment of the Cycles clearing network, as well as to scale the first products developed on top of it.
Payslip secures funding to expand AI payroll platform
Payslip, a global payroll control platform that helps multinational companies standardise and automate payroll operations, has secured new financing from London-based Salica Investments to fund international expansion and product development.
The investment was won in a competitive process, with several other providers tendering for the business. The funds will be used to grow Payslip’s headcount in line with increasing customer demand.
The company processes more than 1.3 million payslips monthly across more than 125 countries and powers over €5bn in payroll payments globally.
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