Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Stablecon.
Venture firms drew big numbers this week. Among the headliners: Index Ventures raised $2 billion across three funds, Highland Europe closed a €1.1 billion ($1.27 billion) growth fund, and Jump Capital secured $350 million for AI and cybersecurity investments.
Meanwhile, alternative-investment platform CAIS led with a $170 million Series D at a valuation of more than $2 billion. AI-powered lettings platform Dwelly raised $95 million in equity, while procurement and payments startup Freehand secured $75 million to develop AI agents for managing supply-chain spending. Insurtech, fund accounting, commercial real estate and healthcare benefits startups also announced new rounds.
Debt markets also brought in a substantial pool of capital. Iwoca secured a £250 million ($337 million) facility, Avant obtained $300 million in asset-based financing and PEX raised $160 million in debt and equity.
Photo: Markus Spiske via Unsplash
Want to sponsor a newsletter? See our sponsorship information here.
Stat of the Week
BVNK, a stablecoin payments infrastructure provider for businesses, reported that transaction volume through its embedded wallets increased 263-fold in 2025, with payment service providers and fintechs accounting for 75% of the total.
Venture Financing
Alternative-investment platform CAIS raised $170 million in Series D funding led by Vista Equity Partners at a valuation of more than $2 billion.
Dwelly, an AI-powered residential lettings platform, raised $95 million in equity.
Enterprise procurement and payments startup Freehand raised $75 million in seed funding to scale its AI agents for managing supply-chain spending.
Insurtech Ominimo raised $22.5 million in Series B funding at a $1.6 billion valuation to expand across Europe and enter the U.S.
Fund accounting platform LemonEdge raised $21 million in Series A funding led by Blackstone Innovations Investments to accelerate product development and expand in the U.S. and Europe.
Commercial real estate deal platform Henry AI raised $16.5 million in Series A funding to expand its AI-powered transaction and due-diligence products.
Healthcare benefits platform Healia raised $14 million in Series A funding to expand a product that helps dual-income families coordinate employer health coverage.
Private credit technology startup Ellis emerged from stealth with more than $10 million in seed funding to build an AI-native operating platform for private credit firms.
Dow Protocol, a platform for tokenizing real-world assets, raised $9 million in seed funding.
Decentralized AI data network Perceptron raised $6.5 million in strategic funding to expand its data-sourcing and contributor network.
Birdai Labs, an onchain trading infrastructure provider, raised $4 million in seed funding.
Olomon, a financial recordkeeping platform for households and their advisers, raised $2.6 million in pre-seed funding.
Personal finance platform GRO Solutions raised $600,000 in pre-seed funding to expand its AI-powered money-management tools for individuals and families.
Indian insurtech NeuralKart raised ₹2.35 crore, or approximately $246,000, in seed funding to develop AI tools for insurance and industrial-safety workflows.
Employer health benefits platform Gravie raised an undisclosed round led by General Atlantic, bringing its total capital raised to $463 million.
Digital asset insurer Soter Insure completed an undisclosed first close of a Series B round expected to bring its total funding to $23.5 million, more than 500 bitcoin and more than 2,000 ether.
Securities finance infrastructure provider Provable Markets raised an undisclosed Series B round led by Charles Schwab with participation from DTCC.
Private credit technology provider Oxane Partners received an undisclosed growth investment from TA Associates to expand its platform and AI capabilities.
Card-on-file payments platform Strivve raised an undisclosed round to expand its technology across more financial institutions and online merchants.
Open-banking advertising platform Sientia received an undisclosed investment from Salt Edge to expand its transaction-linked loyalty and rewards products.
Pakistani savings platform Oraan raised undisclosed funding to expand its gold savings product and enter new markets.
Veterinary insurance payments startup PawPay received an undisclosed investment from members of VANE to expand its point-of-care payment platform.
Join us at Stablecon USA
Debt Financing
Iwoca, a small-business lender, secured a £250 million ($337 million) debt facility.
Consumer lending platform Avant secured a $300 million asset-based financing facility to expand its credit platform and credit card portfolio.
Corporate card and spend-management platform PEX secured $160 million in debt and equity financing (not broken down) to expand its payments, credit and finance-automation products.
Dwelly, an AI-powered residential lettings platform, confirmed a $75 million debt facility.
UK consumer lender Plend secured a credit facility of up to £50 million ($67.4 million) to refinance existing funding and support new loan originations.
Fundworks, a working-capital provider for small businesses, extended and upsized its investment-grade corporate notes to $40 million.
Venture Funds
Index Ventures raised $2 billion across three funds.
Highland Europe closed a €1.1 billion ($1.27 billion) sixth fund to back growth-stage European technology companies.
Jump Capital closed a $350 million venture fund focused on AI and cybersecurity startups.
Psalion, a digital-asset investment manager, launched a $50 million fund targeting early-stage blockchain startups.
