A total of $814m was raised across the 17 funding rounds reported on by FinTech Global this week, matching a similar amount recorded last week.
Last week, FinTech Global reported that a solid $800m was raised across 21 deals, representing continuous stability in the market and maintained investor sentiment.
Sector-wise, the most dominant industry this week was the InsurTech sector, pulling in a grand total of four deals. Meanwhile, financial infrastructure, CyberTech and PayTech raked in three deals a piece. Blockchain firms pulled in two, whilst PropTech and RegTech firms recorded one.
On the geographic stage, the US dominated proceedings again this week, raking in thirteen deals in total. Italy scored two, and Sweden and Poland brought in one each.
Research by FinTech Global this week found that the UK cemented its place as the main European WealthTech hub with 43% of all deals in Q1.
European WealthTech completed 47 deals in Q1 2026, up 27% from 37 deals in Q1 2025 and 21% from 39 deals in Q4 2025. Funding moved in the opposite direction, with $343.2m raised during the quarter, down 18% from $418.3m in Q1 2025 and 58% below the $826.9m recorded in Q4 2025.
Here are this week’s deals.
Kin Insurance secures $335m bond
Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.
The raise strengthens its ability to absorb extreme weather losses as it scales its direct-to-consumer property insurance model, according to Beinsure.
The capital was raised through Hestia Re Series 2026-1, structured across four bonds, and provides multi-year protection that activates when insured losses from major storms exceed predefined thresholds.
Corgi secures unicorn status after $160m Series B
InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation.
The round brings Corgi’s total funding to more than $268m and marks a significant milestone in its ambition to rebuild core insurance infrastructure using artificial intelligence and automation, according to FF News.
The company is focused on replacing fragmented legacy systems across underwriting, claims and policy administration with a unified, AI-driven operating model.
Reserv raises $125m Series C led by KKR
Reserv, an AI-native third-party administrator (TPA) and claims technology provider for the property and casualty (P&C) insurance sector, has closed a $125m Series C funding round.
The round was led by KKR, with participation from existing backers Bain Capital Ventures and Flourish Ventures, alongside select strategic partners and clients.
The round will support Reserv’s ambition to expand its annual claims processing capacity from 500,000 complex claims today to 30 million over the next four years, which it claims will a allow it to service and automate a substantial portion of the non-field-based commercial P&C claims market.
Fun raises $72m Series A to rebuild payments infrastructure
Fun, a payments infrastructure company building high-converting payment flows for large global applications, has raised $72m in a Series A funding round.
The round was co-led by Multicoin Capital and SignalFire.
The funding will be used to expand Fun’s presence across Asia-Pacific through a new office in Singapore, pursue acquisitions to deepen its infrastructure capabilities, and grow its engineering and operations team.
XBOW secures $35m as customers turn investors
XBOW has raised $35m in an extension to its Series C round, with the fresh capital coming from a group of strategic investors that includes several of the firm’s own customers and ecosystem partners.
The extension was backed by Accenture Ventures, DNX Ventures, Liberty Global Tech Ventures, NVentures (NVIDIA’s venture capital arm), Samsung Ventures and SentinelOne S Ventures.
The raise builds on XBOW’s previously announced $120m Series C and signals a notable trend: large enterprises are not merely deploying the platform, but committing capital to it as they look to defend against increasingly sophisticated, AI-driven threats.
Fazeshift raises $22m to automate accounts receivable
Fazeshift, an AI-native platform that deploys autonomous agents to carry out end-to-end accounts receivable workflows, has secured $17m in Series A funding, bringing its total capital raised to $22m.
The round was led by F-Prime, with contributions from Gradient — Google’s early-stage AI fund — alongside Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, and a number of prominent angel investors. The company intends to put the capital to work across product development, go-to-market expansion, and broader adoption among organisations seeking to overhaul how financial operations are carried out.
Pit raises $16m to build AI enterprise software
Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it looks to replace manual business workflows with AI-driven systems.
The funding will support Pit’s global expansion and continued development of its platform, which is designed to help enterprises move away from fragmented tools and manual processes.
Pmtbox raises $15m seed to unify commerce infrastructure
Pmtbox, an enterprise commerce platform designed to consolidate payments, risk, and data for merchants, has closed a $15m seed funding round.
This is reported to be the largest seed raise in Utah over the past decade.
The round was led by Tandem Ventures, with contributions from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard, founder and CEO of Pluralsight.
Arcium ecosystem surpasses $7.5m with Bench and Crafts
Arcium, an encrypted supercomputer powering confidential applications on Solana, has announced the launch of two flagship applications, Bench and Crafts, built on its encrypted execution infrastructure, as its broader ecosystem surpasses $7.5m raised across more than a dozen teams.
The two launches represent a significant step in Arcium’s transition from infrastructure provider to a platform supporting live, production-grade applications spanning finance, fundraising, and information markets.
Both applications make use of Arcium’s Multi-Party Computation (MPC) network, which is currently secured by four independent node operators on Solana Mainnet Alpha.
Davis raises $5.5m pre-seed for AI real estate design
Davis, an AI-native real estate company that combines proprietary artificial intelligence with human expertise to accelerate early-stage development and architectural design, has raised $5.5m in a pre-seed funding round.
The round was led by Heartcore Capital and Balderton, with additional participation from Yellow, Evantic and Entrepreneurs First. Angel investors from the founding teams of SpaceMaker, Black Forest Labs, Hugging Face, Supabase, Cleo and Spore.bio also took part.
Wopta lands €5m to scale phygital insurance platform
Wopta Assicurazioni has raised €5m in fresh funding, pushing total capital secured since 2022 beyond €20m and valuing the Italian InsurTech at over €100m.
The round, supported by Make Your Credit, combines structured finance with equity as Wopta shifts focus from early growth to scale, according to Startup Business Italy.
The capital will be used to deepen Wopta’s footprint domestically, with a strategy centred on expanding distribution and accelerating acquisitions. The company is targeting underserved segments such as SMEs and professionals, where access to tailored insurance remains limited.
P101 backs A-Cube in €4m RegTech round
A-Cube, an API-first RegTech platform specialising in automated digital tax compliance, has closed a €4m funding round led by Italian venture capital firm P101 SGR, with participation from FinTech and financial services investor Sella Direct Ventures.
P101 SGR led the investment and will provide strategic operational support as A-Cube enters its next phase of development. Sella Direct Ventures, which also joined the round, will open its global network to the company to help accelerate its scale-up.
AI security firm Boost raises $4m and snaps up rivals
Boost Security, an AI-native software development lifecycle (SDLC) defence platform, has announced the acquisitions of SecureIQx and Korbit.ai, alongside $4m in new funding.
The additional capital was provided by White Star Capital, Amiral Ventures, Accelia Capital, and Sorensen Capital, and will be directed towards further development of the company’s platform.
The two acquisitions bring complementary capabilities to Boost Security’s existing offering. SecureIQx, a startup founded at MIT, created a Software Composition Analysis reachability engine able to examine both binary and source code across more than twelve programming languages, helping organisations assess whether vulnerable components within their applications are genuinely reachable and exploitable.
Astrada raises $3.8m seed for autonomous finance
Astrada, the data layer for autonomous finance, has closed a $3.8m seed funding round backed by a roster of prominent investors including Visa and Mastercard.
The round was co-led by Bain Capital Ventures, QED Investors, and Nyca Partners, with strategic participation from Mastercard and follow-on investment from existing backer Visa.
Since its launch in 2024, Astrada has handled more than $750m in card spend and upwards of three million transactions across all three major card networks via a single API. The company counts Workday, Zoho, Payhawk, and Miter among its early customers.
Herd Security raises $3m to fight AI-driven threats
Herd Security, an agentic AI creative platform designed for continuous security training and simulation, has closed a $3m funding round led by Aspiron Ventures, with participation from Team Ignite, ForwardSlash VC, Forum Ventures, Rightside Capital, and YPO.
The investment was secured to support product development across new training categories in HR and AI, enhance AI-powered video generation capabilities, and expand the company’s partnership ecosystem.
The raise comes as AI-driven social engineering attacks continue to accelerate, exposing significant gaps in traditional annual compliance programmes.
Elastics raises $2m pre-seed for AI prediction market agents
Elastics, a Warsaw-based startup building an AI-native operating system for prediction markets, has closed a $2m oversubscribed pre-seed funding round.
The round was led by Frst, the Paris-based venture firm with over $200m in assets under management. Angel investors also participated from across the AI and digital asset space, including co-founders of ElevenLabs, partners from XBTO, an a16z scout, and a co-founder of RedStone.
The capital will be directed primarily towards hiring AI and quantitative talent in Poland, a market both founders regard as an exceptionally strong pool for this type of specialist work. The platform is currently in private beta, with early access available to Elastics AI, its agent builder, and Elastics OS.
Coinbase invests in Centrifuge to boost tokenization
Coinbase, a leading digital asset exchange and blockchain infrastructure provider, has made a strategic investment in Centrifuge, a tokenization platform with institutional clients including Apollo, Janus Henderson and S&P Dow Jones Indices, while also designating it as a Preferred Tokenization Infrastructure platform.
The partnership will see Centrifuge build on Base, Coinbase’s blockchain network, to bring institutional-grade, compliant assets onchain, with the aim of expanding access to differentiated assets for eligible non-US users.
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