Fundraises

Wealthtech FNZ raises $650M (TWIF 11/15)

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Please find another week of fintech financing events below.

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Stat of the Week

According to Evident Insights 2025 Report, corporate headcount dedicated to AI at 50 major banks grew more than 25% since early 2023.

Venture Financing

FNZ raised $650 million from existing shareholders to accelerate growth of its end-to-end wealth management platform supporting shares, futures, ETFs, and alternative investments, with over $2.1 trillion in assets.
Finnable raised ₹250 crore (~$30 million) to expand its digital lending platform and provide personal loans to salaried individuals.
Seismic raised $10 million in seed funding to expand its offerings in on-and-off ramping from fiat into crypto and card programs.
Upward raised $8 million to simplify embedded finance and banking-as-a-service infrastructure to underserved business segments, in partnership with Mastercard.
District Covers raised $6 million to improve insurance access and literacy for small businesses in urban areas.
Zynk raised $5 million in seed funding to enable instant cross-border settlement infrastructure for payment companies.
Stream raised $4 million in seed funding to streamline modern billing and payments for MENA businesses.
Adclear raised £2.1 million (~$2.7 million) in seed funding to scale its AI platform, automating compliance checks for customer-facing communications.
Atrya raised US$1.75 million in pre-seed funding to develop its e-money token payments infrastructure.
RealReports raised $1 million in strategic funding to grow its AI-powered property intelligence platform for LSs and brokerages.
Investa broke £1 million (~$1.3 million) in crowdfunding investment to build UK's first zero-commission options trading app.
Vigilant AI.ai raised £585K ($769K) in a pre-seed round led by Haatch to develop its compliance-driven automation platform with "AI teammates" for regulated enterprises.

Debt Financing

Zilch raised $175 million in debt and equity to accelerate growth of its consumer payments platform ahead of a potential 2026 IPO.
Kiwi secured a $100 million credit facility to expand access to responsible credit for underserved Hispanic communities in the U.S.
Lula secured a 170 million rand (~$10 million) loan from IFC to expand digital and unsecured loans to micro and small businesses in South Africa.
Devengo raised €2 million, combining debt and equity, for its account-to-account (A2A) payments infrastructure in Europe.

Venture Funds

Viola Credit raised €300 million (~$349 million) for its Growth Lending Fund to support high-growth European tech companies.
GFTN Capital and SBI launched a $200M global fintech innovation fund, targeting growth-stage fintech companies in AI, tokenization, digital assets and cybersecurity.
Hyderabad Angel Fund launched a ₹100 crore (~$12 million) VC fund aimed at early-stage startups across fintech, GenAI, sustainability and more.