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Today’s newsletter is brought to you by our friends at Veriff.
This week, EliseAI raised $350 million to bring AI into housing and healthcare operations. Homeward followed with $120 million in equity and $330 million in debt financing, and Jeeves raised $110 million for its stablecoin-based business banking platform.
Pagaya closed a new lending facility targeting nearly $700 million, a week after announcing a separate $460 million deal.
Seligman Ventures doubled its investment capital to $1 billion, and BAG Ventures closed an $11.3 million debut fund. ARK Invest brought its $1.3 billion venture fund onto Ethereum through Securitize.
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Stat of the Week
Agentic AI could put $75 billion in global payments revenue at risk by 2030 by moving idle cash into higher-yielding accounts or investments and helping customers avoid card fees and interest, per McKinsey’s Global Payments Report, which also estimates that generative and agentic AI could deliver up to $110 billion in annual productivity gains for payments providers.
Venture Financing
EliseAI, an AI platform for housing and healthcare operations, raised $350 million at a $4 billion valuation, led by Andreessen Horowitz and Bessemer Venture Partners.
Homeward, a cash-backed home financing platform, secured $120 million in Series D equity financing.
Jeeves, a stablecoin-based banking platform for businesses, raised $110 million in equity funding, with backing from Andreessen Horowitz and Coinbase Ventures.
Outmarket AI, an AI platform for insurance brokers, raised $34.5 million in a Series B.
erad, a Saudi platform financing small businesses, raised $22 million in a Series A.
Jari Company, the South Korean operator of rental-management platform Zaritalk, raised about $10.6 million (₩14.5 billion) in a Series A.
Seeds Fincap, an Indian lender to small businesses, raised more than $10.4 million (₹100 crore) in a Series B led by the Michael & Susan Dell Foundation.
Blue Fire AI, an AI investment-research platform, secured $9 million in funding.
PERPTools, an AI-powered perpetual-futures trading platform, announced $8 million.
Marble, an open-source fraud and financial-crime compliance platform, raised about $7.3 million (€6.5 million) in a Series A.
Menos AI, an AI platform for institutional investors, raised $5.1 million in pre-Series A funding.
Elio Mortgage, an AI-powered mortgage brokerage, raised $5.1 million in pre-seed funding.
F2, an AI platform for credit-investment workflows, received a $5 million investment from Golub Capital.
Charter Space, a space-insurance startup, closed a $5 million seed round.
Walapay, a cross-border payments infrastructure provider, raised $4.6 million in seed funding.
Quotr, an AI construction-estimating platform, raised $4 million in seed funding.
Mona, an AI platform helping small businesses access capital, raised $3.5 million in funding.
FRANK, a Portuguese AI platform for insurance brokers, raised about $3.3 million (€2.9 million) in funding.
MoneyStack, a financial-counseling platform for behavioral healthcare, raised $1 million in funding.
RiskScout, a financial-crime compliance and fraud-prevention platform, closed an undisclosed funding round.
Aurachain, a compliance, risk and fraud workflow platform, secured an undisclosed growth investment.
Debt Financing
Pagaya, an AI-powered lending platform, closed a revolving facility targeting nearly $700 million in funding capacity, one week after announcing a separate $460 million personal-loan facility.
Homeward, a cash-backed home financing platform, secured $330 million in asset-backed debt facilities.
GoodLeap, a home-improvement financing platform, secured a $50 million revolving credit facility to finance its home-equity-backed card.
Venture Funds
Seligman Ventures doubled its deployable capital to $1 billion to back AI infrastructure, hardware and cybersecurity companies.
BAG Ventures closed an $11.3 million debut fund to back pre-seed and seed enterprise AI and cybersecurity startups.
ARK Invest tokenized its $1.3 billion venture fund on Ethereum through Securitize, expanding on-chain access to private and public technology investments.
