Fundraises

Stablecoins are for everyone (TWIF 9/20)

Hello Fintech Friends,

We're excited for our friends at Brale* (who we backed via The Fintech Fund in January) who just announced their $30M Series A led by Lightspeed. Brale's tagline is "stablecoins are for everyone," and they're right.

The platform lets you create and issue your own stablecoin – facilitating issuance, redemption, and treasury management – but it's not just enabling "Circle-as-a-service" for mass issuance; many of the company's use cases are focused on the kind of large, difficult, and obscure corporate transaction flows that companies normally hire engineers to smoothe out. (Check them out at Brale.xyz)

You should also join us with SEON for an exclusive dinner experience during Money2020 USA designed for senior leaders across product, fraud, risk, and compliance in payments, digital banking, fintech, and retail.

Who: Senior leaders in product, fraud, risk & compliance
When: Sunday, October 26th • 6:00–8:30 PM
Where: The Venetian, Las Vegas
Why: Connect with industry peers, share insights, and start Money20/20 with great conversations.

(Limited capacity—attendance is subject to sponsor approval.)

Please find another week of fintech financing events below.

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

Want to sponsor a newsletter? See our sponsorship information here.

Standard Chartered's venture building arm plans to soon start raising capital for a $250 million fund focused on investments in digital assets in the financial services sector.

Stablecoins feel overhyped: daily announcements, little substance

Stablecoins are underhyped: regulation, infra, and adoption are just beginning

The potential is real
Volume will follow https://t.co/oZ1mHgL73L pic.twitter.com/IqCAmO5CJg
— Chuk (@chuk_xyz) September 19, 2025

Venture Financing

HALA, a Saudi fintech providing embedded financial services for micro, small, and medium enterprises, raised $157 million in a Series B round to expand its regional presence and strengthen support for MSMEs.
SEON, a fraud prevention and AML compliance platform, closed $80 million in a Series C to scale its AI-powered fraud prevention and AML tools globally.
Tabs, a fintech building AI agents to automate revenue workflows for finance teams, raised $55 million in a Series B round to deploy its contract-to-cash automation platform and accelerate growth.
PayNearMe, a fintech improving payments for non-commerce businesses, secured $50 million in a Series E to expand its “Payment Experience Management” platform and enter new markets.
WorkFusion, a company that builds AI agents for financial crime compliance, received $45 million in funding to scale its agent-based AI tools that automate heavily manual tasks in AML, KYC, fraud monitoring and compliance.
Brale*, a fintech building stablecoin infrastructure and digital asset protocols, raised $30 million to expand R&D, support global regulatory efforts, and grow incubation and M&A opportunities.
Aleph, a startup that automates financial planning and analysis for enterprise finance teams, raised $29 million in a Series B round to speed up financial reporting and variance analysis across systems.
Kredete, a fintech helping African immigrants build credit and access financial services via remittances and stablecoin rails, raised $22 million in Series A funding.
Stablecore, a fintech enabling community and regional banks and credit unions to integrate stablecoins, tokenized deposits, and digital assets, raised $20 million to grow its customer base and expand digital asset offerings within the U.S. banking system.
Turnout, a govtech startup simplifying bureaucratic processes, raised $21 million in seed funding to accelerate tax debt relief and disability claims processing.
Inbox Health, a healthtech company improving patient billing and communications, raised $20 million to expand its AI-driven revenue cycle management and patient engagement platform.
Extend, a payments infrastructure startup that builds APIs for virtual cards, raised $20 million in a funding round backed by PayPal’s CFO to scale its partnerships with banks and fintechs.
Clarity, an AI-powered customer service startup, raised $12 million to expand its “agentic AI” customer service tools for financial services companies.
F2, an AI company spun out of Arc to focus on private markets, raised $10 million in equity funding to become a leader in AI solutions for private markets.
Birches Health, a telehealth startup specializing in gambling addiction treatment, raised $10 million to expand access to virtual therapy and addiction care programs.
Eloquent AI, a generative AI startup for financial services, raised $7.4 million to automate customer support and boost operational efficiency in financial institutions.
UiAgent, a startup developing custom AI co-pilots for accounting workflows, raised $4.6 million in seed funding to build automation tools for accountants and finance teams.
Pascal AI, a company automating investment research with autonomous AI agents, raised $3.1 million to scale its autonomous workflows for financial analysts.
Nestimate, a SaaS startup for financial forecasting and planning, closed a $3 million funding round to enhance its budgeting and FP&A automation platform.
Rulebase, a YC-backed fintech AI startup, emerged from stealth with a $2.1 million pre-seed to build an “AI co-worker” that helps fintech teams manage compliance, data operations, and reporting.