Hello Fintech Friends,
Ramp’s $1.85 billion raise is now official, putting the company’s valuation at $60 billion. The company says annualized revenue topped $2 billion, up from $1.5 billion in June as it expands its AI offerings.
AI drew smaller rounds across investing and financial operations. Catalyst raised $30 million for retail investing, while Causa Prima secured $20 million to automate billing disputes and business payments.
In lending, Zippy raised a $20 million Series C for manufactured-home financing. ID Finance secured €545 million ($610.8 million) in combined debt and equity funding.
Among venture firms, Sprints closed a €725 million ($813 million) fifth fund, while Pear VC closed a $333 million fund for pre-seed and seed investments.
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Stat of the Week
Global fintech funding fell 18% quarter over quarter to $11 billion in Q3 2026, but rounds of $100 million or more captured 61% of funding despite accounting for just 4% of deals, according to CB Insights.
Venture Financing
Ramp, a corporate spending and payments platform, raised $1.85 billion at a $60 billion valuation.
Catalyst, an AI investing platform for retail investors, raised $30 million in seed funding led by Sequoia Capital.
Causa Prima, an AI platform automating billing disputes and business payments, raised $20 million in seed funding.
Saluda Grade invested $20 million in a Series C for Zippy, a manufactured-home lender and loan servicer.
Mogul, a platform offering fractional investments in rental homes, raised $15.5 million in a Series A led by Draper Associates.
Vest, a trading platform covering cryptocurrencies and traditional financial assets, raised $13 million in funding.
Fragment, a financial infrastructure platform for AI businesses, raised $12 million in a Series A.
CarbonAI, an AI platform automating commercial real estate lending workflows, announced $12 million in funding.
Wavo, a French inventory-financing platform for businesses, raised €10 million ($11.2 million).
Harbor, a platform assessing and insuring risks from AI agents, raised $10 million in seed funding.
Fission, a liquidity platform for tokenized investment funds, raised $10 million in a Series A led by Pantera Capital.
Zaria, a provider of collateral monitoring and backup servicing for bitcoin-backed loans, raised $5.2 million from investors led by Lightspeed Venture Partners.
Matters, an AI personal finance startup developing a consumer banking platform, raised $5 million in pre-seed funding.
Pave Finance, an AI portfolio-management platform for financial advisers, raised $5 million in a Series A extension.
Homa, an AI homebuying platform and licensed brokerage, raised $5 million in seed funding to expand in California and add mortgage lending.
Leela, an AI platform automating compliance work for financial services businesses, raised $4.6 million in seed funding.
Neonomics, a Norwegian open-banking data and payments platform, raised $4 million from existing shareholders.
Zomint, an Indian wealth-management platform combining advisers with AI research, raised ₹36 crore ($3.8 million) in seed funding co-led by Lightspeed.
RedOwl, an Australian AI platform detecting billing errors and spending-policy breaches, raised A$5.3 million ($3.7 million) in seed funding.
reebuild, an Austrian platform automating construction invoicing and cost management, raised €3 million ($3.4 million) in seed funding.
TODAY, an AI workflow platform for financial and insurance advisers, raised €2.8 million ($3.1 million) in seed funding.
Soda Labs, a provider of privacy infrastructure for blockchain-based finance, raised $3 million in seed funding.
Qippay, a New Zealand open-banking payments platform, secured a NZ$5 million ($2.8 million) investment commitment.
RevRag AI, an Indian developer of AI relationship managers for financial services providers, raised $2.5 million in seed funding.
Credfix, an Indian AI platform helping borrowers resolve debt, raised ₹16.1 crore ($1.7 million) in seed funding.
Fruga, a U.K. platform using open banking to reward insurance customers, raised £1 million ($1.3 million) in funding.
RocketPay, an Indian collections and recovery platform for lenders, raised ₹10 crore ($1.1 million) in funding.
Multiliquid, a liquidity platform for tokenized assets, closed an undisclosed seed round led by Polychain, bringing total funding to $8 million.
Illuma, a voice-security platform for banks and credit unions, secured an undisclosed strategic investment to expand fraud detection and authentication tools.
MoneyTruVa, an Indian financial-information platform for investors, raised an undisclosed amount in seed funding.
AIsa, a platform enabling enterprise AI agents to access resources and execute transactions, closed an undisclosed seed extension backed by Tether.
Cloud9, a Kenyan digital banking and cross-border payments startup, secured an undisclosed investment from Alliance, bringing total funding to $1 million.
Funding Souq, a Shariah-compliant SME financing platform, secured an undisclosed strategic investment from Foodics to expand in Saudi Arabia and the UAE.
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Debt Financing
Bridgit, an Australian bridging-loan platform, secured an undisclosed increase in its Macquarie credit facility, bringing total debt funding above A$1.7 billion ($1.17 billion).
Mixed Equity and Debt Financing
ID Finance, the Spanish consumer-finance group behind Plazo, secured €545 million ($610.8 million) in combined debt and equity funding.
Archa, an Australian corporate card and spending platform, secured A$11 million ($7.6 million) in equity and an A$50 million ($34.6 million) debt facility.
Salary Hero, a Thai earned-wage access platform, raised $7.6 million in a Series A and expanded its credit facility to $10 million.
NeoGrowth, an Indian digital lender serving small businesses, raised ₹85 crore ($8.9 million) in combined equity and debt financing.
Fundraising Plans
Binance.US, a cryptocurrency exchange, is seeking up to $100 million to expand its U.S. business.
Venture Funds
Sprints closed a €725 million ($813 million) fifth fund to back growth companies across financial services, software and marketplaces.
Pear VC closed a $333 million fifth fund to back pre-seed and seed startups across fintech, AI and other technology sectors.
Oraseya Capital doubled its venture fund to AED1 billion ($272 million) to back companies across fintech, digital assets, AI and healthcare.
Antares Ventures secured more than $50 million at the second close of its debut fund to back deep-tech startups.
Phoenix Venture Partners completed fundraising with about $23 million across its debut fund and co-investment vehicles.
