Fundraises

Bilt is the next decacorn – with iCapital close behind (TWIF 7/12)

Also: $150M for Maintainx, $100M for NFS, and a new $250M fund

Hello Fintech Friends,

Today’s newsletter is brought to you by Spinwheel, modernizing consumer credit.

I'm excited to be headed to Finosummit this year, the largest LatAm fintech conference, to talk about stablecoins. Who else will be there? Let me know if you'll be joining.

I also want to say a huge congrats to our friends at Moment, who just announced their $36M Series B this week, led by Index. We met the founders and invested in 2022 and it's been very impressive to see how their fixed income infrastructure product has grown alongside the boom for credit assets.

Please find another week of fintech financing events below.

(👍👎 Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm)

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A Message From Our Partner

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Credit is overdue for a reinvention, and Spinwheel might just be the spark we've been waiting for. Their Debt APIs streamline the consumer debt lifecycle, slashing inefficiencies and unlocking real-time, verified credit data, all from just a phone number and birthdate. Yes, that’s it. A phone number, birthdate, and voilà – it’s magic (...or smart tech)!

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📊 Stat of the Week

“Despite having 500 million users in India, WhatsApp couldn’t crack the country’s $3 trillion fintech market.”

“Over half of people who have acted on social media financial advice have lost money.”

💸 Venture Financing

iCapital raised over $820 million in a funding round that bumped its valuation above $7.5 billion.
Bilt raised $250 million at a $10.75 billion valuation to expand its housing and neighborhood commerce platform, and severed its partnership with Wells Fargo.
MaintainX raised a $150 million Series D led by to support its asset‑management AI platform.
NFS Capital received a $100 million investment.
Huspy raised $59 million to scale its UAE‑based proptech into Europe.
Agora closed a $50 million Series A round for its global stablecoin banking platform.
Moment* secured $36 million to scale its fixed‑income fintech infrastructure platform.
Welli raised $25 million to expand its medical‑credit platform in Latin America.
Nominal raised $20 million to develop its enterprise finance solutions.
Gradient Labs raised $13 million to launch their AI‑chatbot startup for financial services.
Kuru Labs raised $11.6 million at the Monad DeFi hub.
Castellum.AI raised $8.5 million to scale its AI‑agent and AML/KYC platform.
Abacus raised $6.6 million in seed funding for its agentic CPA assistant.
Layer raised $6.6 million to embed accounting into the SMB stack.
Circuit raised $4.5 million in seed funding to support its digital‑asset recovery service.
Cariqa raised €4 million to simplify EV‑charging payments and pricing.
Bridgeport raised $3.2 million to accelerate its forex‑platform development.
MogoPlus raised AU$1.5 million in funding to advance its agentic AI platform in lending.
Tether invested in Crystal Intelligence to boost blockchain forensics.
Conpend secured growth funding for its structural design platform for banks and financial institutions.
Abu Dhabi’s sovereign fund entered talks to buy a $100 million stake in Revolut, while the neobank reportedly raises a new round of primary and secondary investment to reach a $75 billion valuation.

💰 Venture Funds

Ondo Finance and Pantera Capital launched a $250 million Ondo Catalyst initiative to invest in real‑world asset tokenization projects.

There is a lot of discussion around tokenizing equities. Most everything I’ve seen on this subject has been wrong. The primary reason to put equities on blockchain is to use equities as collateral (in defi and CEXs) with secondary benefits of cross settlement (equities to BTC,…
— Mike Cagney (@mcagney) July 10, 2025