Hello Fintech Friends,

This week ended with some pretty healthy funding activity!

We were particularly excited for our friends at Modern Health, who we invested in and who announced their $20 million Series A led by Thrive Capital this week.

A big thanks as always to Rachel Chang for the great round-up below ❤️

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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News coverage written and provided by Rachel Chang.

Stat of the Week

The European Central Bank is advancing plans to integrate European payment settlement system TIPs with India's UPI — the world’s largest instant payment system by volume, accounting for 85% of India’s digital transactions and nearly half of global real-time digital payments.

Venture Financing

• Ramp raised $300 million in a primary financing round and an employee tender offer, at a $32 billion valuation, $1 billion in annualized revenue, and over 50,000 customers.
• Kraken raised $200 million from Citadel Securities, bringing the crypto exchange's dual-tranche round to $800 million and lifting its valuation to $20 billion as it looks towards a US IPO.
• Keyzy raised £130 million (~$170 million) in an asset-backed facility to scale its rent-to-own home purchase model for UK renters.
• Flatpay raised €145 million (~$167 million) at a €1.5 billion (~$1.75 billion) valuation, off the back of more than €100 million in ARR, as it looks to expand card payments for European SMBs.
• Federato raised $100 million in a Series D round led by Goldman Sachs to scale its AI-native platform that spans the entire insurance policy lifecycle.
• Numeric raised $51 million in Series B to grow its AI accounting automation platform into broader enterprise finance, including launching a cash management product.
• Maxima raised $41 million in new funding from Redpoint and Kleiner Perkins to expand its AI accounting platform, which automates reconciliation and journey entry to save costs for customers.
• Deblock raised €30 million (~$34.5 million) in Series A to launch its crypto-banking platform across Europe, starting with Germany, after already attracting more than 300,000 customers.
• Condukt raised $10 million in a seed round led by Lightspeed Venture Partners and MMC Ventures, to modernise know-your-business (KYB) processes and build the next-generation compliance platform for financial services.
• Asseta AI raised $4.2 million in seed funding to build an accounting and reporting platform purpose-built for family offices.
• Kaaj raised $3.8 million in seed funding to expand access to capital for U.S. small businesses with its new agentic AI credit intelligence platform.
• Deduction raised $2.8 million in pre-seed funding to launch “Taylor, CPAI,” an AI tax accountant built for U.S. consumers.
• Falkin raised £1.6 million (~$2.1 million) in pre-seed funding to help banks and credit unions with AI-enabled scam and fraud prevention tools
• Takadao raised $1.5 million in seed funding to expand bankless financial alternatives built on blockchain, including Shariah-compliant savings and loans products and life insurance.

Debt Financing

• Yubi raised ₹411 crore (~$49 million) in a structured mix of debt and equity to grow its partnership lending platform globally beyond India.
• Chargeflow raised $35 million in Series A, including a $10 million debt facility, to scale its AI-powered chargeback and dispute-automation platform for merchants.

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