US firms capture lion’s share of FinTech funding in $1.9bn week

FinTech-Global

US firms dominated FinTech funding this week, accounting for nearly half of all deals and attracting more than four-fifths of the capital raised, as global investment reached approximately $1.9bn across 16 transactions.US firms dominated FinTech funding this week, accounting for nearly half of all deals and attracting more than four-fifths of the capital raised, as global investment reached approximately $1.9bn across 16 transactions.

US firms dominated FinTech funding this week, accounting for nearly half of all deals and attracting more than four-fifths of the capital raised, as global investment reached approximately $1.9bn across 17 transactions.

American companies secured seven of the 16 deals completed during the week, representing 44% of all activity. More strikingly, those firms attracted roughly $1.3bn in funding, around 85% of the week’s total capital deployed.

The week’s funding activity also supports a broader trend identified by FinTech Global research.

US firms dominated FinTech funding this week, accounting for nearly half of all deals and attracting more than four-fifths of the capital raised, as global investment reached approximately $1.9bn across 16 transactions.US firms dominated FinTech funding this week, accounting for nearly half of all deals and attracting more than four-fifths of the capital raised, as global investment reached approximately $1.9bn across 16 transactions.

The firm’s Q1 2026 data showed US FinTech companies completed 642 deals, accounting for 50% of all global transactions, up from 458 deals and a 39% share a year earlier.

This week’s figures point in the same direction, with US firms responsible for seven of the 16 deals completed and attracting the vast majority of capital raised, reinforcing the country’s growing dominance of the global FinTech landscape.

The largest round of the week came from US financial operations platform Ramp, which secured a landmark $750m Series F financing and reached a valuation of $44bn.

Ramp was followed by AI-powered market intelligence platform AlphaSense, which raised $350m at a $7.5bn valuation, while travel and spend management company Perk completed a $300m private credit facility to support international expansion and product development.

Together, those three transactions accounted for more than three-quarters of all capital raised during the week.

Despite US dominance, funding activity remained geographically diverse. Israel delivered three transactions spanning observability infrastructure, AI governance and identity security, while the UK contributed deals focused on regulatory technology and AI-powered banking operations.

Elsewhere, Germany, the Netherlands, Ireland and Spain each recorded funding activity, highlighting continued investor appetite for specialised financial infrastructure and compliance technologies across Europe.

The week’s deal flow was heavily influenced by artificial intelligence, with AI featuring prominently across sectors ranging from insurance and banking operations to cybersecurity, compliance and enterprise software.

Infrastructure and enterprise software emerged as the most active category, accounting for five deals. Companies including Coralogix, Saris, Offroad, Gray Swan and Perk attracted investment by positioning themselves as foundational technology providers helping enterprises manage increasingly complex AI-driven environments.

Insurance technology was another notable theme, generating three transactions. Pace raised $46m to automate insurance workflows through AI agents, while Honeycomb Insurance secured $40m to expand its underwriting platform. Gradient Labs also attracted fresh capital to develop specialist AI agents for regulated banking and financial services environments.

RegTech remained a significant area of activity, with Bayshore, Cense and Aveni collectively highlighting growing investor interest in compliance automation and AI governance. As regulators increasingly focus on how firms deploy artificial intelligence, businesses offering auditability, oversight and regulatory controls continue to attract attention.

Payments and financial infrastructure also featured prominently. Ramp, Forage and Paypercut all raised capital to enhance payment operations, merchant infrastructure and benefits-related financial services, demonstrating continued demand for technologies that simplify money movement and financial workflows.

Cybersecurity activity was comparatively selective but strategically important. Willow and Offroad both secured funding to address governance, identity and access risks associated with the rapid deployment of AI agents across enterprise environments.

Notably absent from the week’s activity was ESG-focused FinTech, with investor attention instead concentrated on AI infrastructure, operational efficiency and enterprise productivity. The shift reflects a broader market preference for technologies capable of delivering measurable cost savings and automation benefits in the near term.

Here are this week’s FinTech funding rounds:

Ramp hits $44bn valuation with landmark Series F

Ramp, a financial operations platform focused on helping businesses save time and money, has closed a $750m Series F primary financing round that values the company at $44bn.

The raise was led by ICONIQ, GIC and Ontario Teachers’ Pension Plan. New investors joining the cap table include Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners and BroadLight Capital.

A large group of returning backers also participated, including Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price, General Catalyst, Alpha Wave Global, 137 Ventures, Thrive Capital, Coatue, Sands Capital, Khosla Ventures, 1789 Capital, Avenir Growth, BoxGroup, 8VC, Pinegrove Venture Partners, Definition Capital and Stripes. The latest raise brings Ramp’s total equity financing to over $3bn.

The funding arrives as Ramp records its strongest growth momentum in three years. Total payment volume grew approximately 170% year-on-year in March 2026, despite the business now being around 20 times larger than it was when it last achieved comparable rates. That growth is being driven in part by emerging AI-related categories such as token spend management, as well as the company’s entry into the accounting firm market through Stack, a segment it is addressing for the first time.

AlphaSense raises $350m at $7.5bn valuation

AlphaSense, an AI-powered market intelligence platform serving the business and financial sectors, has closed a $350m funding round that values the company at $7.5bn, nearly double its previous $4bn valuation, bringing its cumulative funding to over $1bn.

The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new participants D. E. Shaw Ventures and Pinegrove Opportunity Partners also contributing. Returning backers CapitalG, Goldman Sachs Alternatives, and Viking Global Investors also took part.

As part of its involvement, Accenture becomes AlphaSense’s inaugural strategic channel partner, with plans to embed AI market intelligence and workflow automation into agentic systems at client organisations.

The financing comes on the back of robust commercial momentum. AlphaSense surpassed $600m in annual recurring revenue (ARR) during the first quarter of 2026, up from $500m reported in October 2025. The company now counts more than 7,000 global enterprises among its clients, including Adobe, Amazon, American Express, Cisco, J.P. Morgan Chase & Co., Microsoft, Nvidia, Pfizer, and Salesforce, among others. AlphaSense also serves the majority of Fortune 500 companies and nearly all of the world’s largest financial institutions.

The fresh capital will be directed towards further development of AlphaSense’s AI platform and its proprietary content library, which now encompasses more than 500 million business documents. Funds will additionally support international expansion and the continued build-out of global customer support infrastructure. The company has more than doubled its headcount across EMEA and APAC, and recently established its global headquarters at Hudson Yards in New York City.

Perk lands $300m credit facility to fuel AI expansion

Coralogix raises $200m in Series F funding

Coralogix, a data and AI platform specialising in observability, has closed a $200m Series F funding round, bringing the company’s total capital raised to $550m.

The round was co-led by Advent, CPPIB, and Greenfield, with additional participation from Brighton Park Capital.

The investment arrives as conventional observability tools face growing pressure from AI-driven workloads. Modern AI-powered applications produce telemetry data at volumes, speeds and complexity levels that legacy monitoring platforms were never designed to accommodate.

Simultaneously, AI agents are taking on an increasingly active role in enterprise operations — handling incident investigations, surfacing anomalies and, in some cases, directly managing production systems. This has exposed significant shortcomings in older observability architectures, which were designed for static and sampled environments and often struggle with runaway ingestion costs and critical blind spots as data volumes accelerate.

Coralogix says its architecture was developed with this transition in mind. The platform is built around full-fidelity ingestion, real-time streaming analytics, open data formats and storage infrastructure owned by the customer. The company argues this positions it well for the shift from human-led observability workflows towards increasingly autonomous, AI-driven operations. Its Olly AI agent, alongside MCP and CLI interfaces, all run on the same underlying data layer, enabling engineering teams to adopt agentic capabilities without migrating to a new platform.

Pace lands $46m funding round to automate insurance workflows

Honeycomb Insurance raises $40m in Zeev Ventures-led round

Digital insurer Honeycomb Insurance has raised an additional $40m in funding as it looks to expand its geographical footprint, enhance its underwriting technology and broaden its product offering.

The round was led by Zeev Ventures, with participation from existing investor Ibex Investors and new investors Peakline, Alpha Partners, Meitar Partners, Practical VC and former San Francisco 49ers player Harris Barton.

The latest investment brings Honeycomb’s total funding to $95 million.

Founded to serve apartment buildings and condominium associations, Honeycomb has positioned itself as an AI-driven insurer focused on commercial real estate risks. The company said the new capital will be used to accelerate expansion into additional states, improve agent-facing tools and further develop its proprietary underwriting platform.

The funding follows a year of growth for the business. Honeycomb said it exited 2025 with Gross Written Premium (GWP) of $275 million, while also expanding its geographic reach, product portfolio and total insured value across its platform.

Gray Swan raises $40m to secure AI at the frontier

Forage targets one million families with $40m funding round

Forage, a US-based financial infrastructure platform focused on government benefits payments, has closed a $40m Series B funding round to scale its consumer app and expand its payments technology.

The round was led by Mouro Capital, with contributions from Nyca Partners, PayPal Ventures, Long Journey Ventures, Intuit Ventures, NextLadder Ventures, Pivotal Ventures, and FJ Labs. Alongside the raise, the company has launched a free consumer app designed to help low-income families check their electronic benefits transfer (EBT) balances and earn rewards on everyday spending.

The new capital will be deployed to grow the app’s user base, with Forage targeting one million low-income families through the platform by the end of 2026. Since launching in late 2025, the app has already been downloaded more than 100,000 times. Beyond balance checking and rewards, the tool enables users to locate nearby and online stores accepting SNAP, identify which items qualify for benefits by state, and access broader financial health resources.

Saris raises $28.8m to automate bank back offices

Gradient Labs raises $26m to build AI agents for banks

Lloyds and Nationwide-backed Aveni raises £12m

AI FinTech Aveni has raised £12m in a funding round led by PXN Ventures, with participation from existing investors Puma Growth Partners, Lloyds Banking Group, Nationwide and Scottish Enterprise.

The funding will be used to expand its artificial intelligence assurance platform and support the launch of new products designed to help financial services firms oversee AI systems that interact with customers.

Founded in 2018, Aveni develops AI tools for banks, wealth managers and financial advisers. Its existing products include Aveni Assist, which supports advisers and operations teams, and Aveni Detect, a compliance monitoring platform. Both are built on FinLLM, the company’s proprietary language models trained using UK financial services data.

The latest investment will support development of Aveni’s Unified Assurance Platform, which is intended to help firms monitor both human and AI-led customer interactions. As part of that strategy, the company is launching Agent Assure and Agent Approve, products focused on assessing and managing the conduct risks associated with AI agents.

The move comes as financial institutions explore wider use of agentic AI systems while regulators scrutinise how firms maintain oversight of customer outcomes.

Bayshore raises $8m to automate compliance with AI agents

Hetz Ventures backs Willow’s $7m AI agent security play

Willow, an Israeli agentic access platform that enables enterprises to safely govern and control AI agents, has emerged from stealth with $7m in seed funding to accelerate product development and its go-to-market strategy.

The round was led by Hetz Ventures, with early angel backing from Wix co-founder and CEO Avishai Abrahami and Wix president Nir Zohar, both of whom invested at the company’s earliest stage. Proceeds will be directed towards expanding Willow’s commercial operations and advancing its product roadmap.

The funding arrives at a moment of significant tension between rapid AI agent adoption and insufficient governance infrastructure. With 79% of companies now deploying AI agents internally and 73% operating multi-agent systems, these tools have quickly become embedded in enterprise operations. Yet a 2026 survey found that 65% of companies have experienced agent-related security incidents in the past year, underscoring how little oversight has accompanied the rollout.

Willow’s platform addresses this gap by providing organisations with a governance and access layer that determines how AI agents connect to internal systems, which actions they are permitted to carry out, and which agents employees are already using without authorisation.

Identity security rethought as Offroad exits stealth with $7m

Offroad, an agentic identity security startup, has emerged from stealth with $7m in seed funding to help enterprises move beyond manual investigation of access risks across human, machine, and AI identities.

The round was led by Ibex Investors and Skywell Capital Partners. Rather than delivering alerts or dashboards, Offroad’s AI agents autonomously gather context from fragmented enterprise systems, surface both real-time threats and underlying posture risks, and resolve them — either by taking direct action where it is safe to do so, or by routing the issue to the relevant person with the context needed to act.

To illustrate the scale of the identity risk problem, Offroad audited 2,890 public OAuth applications listed across the Google Workspace Marketplace and GitHub Marketplace as of May 2026.

The company found that roughly one in three apps, collectively accounting for more than 1.85 billion installs, displayed serious structural security concerns that a thorough security analyst would likely reject during manual review.

OAuth applications are among the hardest categories of identity risk to govern: they can receive broad, persistent access to systems such as Google Workspace or GitHub — including email, files, code, and calendar data — yet security teams often cannot determine who owns that access, whether it remains justified, or what risk it creates. Alongside its audit findings, Offroad is launching ohauth.ai, a free OAuth security catalogue designed to help teams assess app permissions, governance risks, and security concerns.

Cense raises €6.5m seed round for digital asset compliance

Cense, a provider of a digital asset compliance and evidence platform for financial institutions, has raised €6.5m in a seed funding round co-led by G+D Ventures and Rabo Investments, with significant participation from several angel investors.

The round will be used to accelerate Cense’s expansion across Europe, grow its sales team, and broaden its market position among private and retail banks.

The funding addresses a growing challenge facing banks as digital assets become more widely adopted. Financial institutions are increasingly struggling to trace the movement of funds between wallets, digital asset exchanges, and the traditional financial system, particularly when digital assets are converted and transferred into bank accounts.

Without sufficient visibility into the origin of those funds or the risks attached, including money laundering, sanctions violations, or terrorist financing, banks risk declining transactions, damaging customer relationships, and forgoing business opportunities.

Cense’s platform operates at the junction of digital assets and traditional banking, automating compliance due diligence and generating standardised, auditable documentation. It collects and analyses wallet, exchange, and transaction data to produce consistent reporting that gives institutions a reliable basis for decision-making. The company says it fills a gap left by both conventional anti-money laundering systems, which were not designed with digital assets in mind, and pure digital asset analytics tools, which do not adequately reflect banking regulatory requirements or internal decision-making processes.

Paypercut’s €5m bet on fixing cross-border CEE payments

Paypercut, a European FinTech payments platform that enables online merchants to accept payments across Central and Eastern Europe (CEE) via a single integration, has closed a €5m seed round.

The round was co-led by Concentric, Passion Capital, and Araya Ventures. Additional participation came from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka.

The proceeds will support Paypercut’s expansion into further CEE markets, deepen its footprint in markets already served, fund the next stage of product and infrastructure development, and cover the capital requirements associated with its Irish Electronic Money Institution (EMI) licence application.

The company submitted its EMI application to the Central Bank of Ireland and expects authorisation in Q4 2026 — a development that would allow it to hold customer balances directly and broaden its product capabilities. In the interim, Paypercut operates through licensed and regulated partners across the European Economic Area to maintain compliance in every market it serves.

The seed raise follows a €2m pre-seed in July 2025, since which the company has evolved from a buy now, pay later (BNPL) aggregator into a full payments platform, counting more than 200 active merchants across eight markets. Among the forthcoming product developments is Express Checkout, due to launch this quarter.

Zazume raises €2.5m to consolidate Spanish rental market



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