The FinTech sector enjoyed another modest week in funding, with a total of $757m raised across 14 deals.
It was an almost identical week to the previous, with the same number of deals and just $80m separating the two. A total of $677m was raised across last week’s 14 deals.
Another similarity between the two was that the lion share of funding came from just three deals that exceeded $100m. The largest deal of the week was a Series D round raised by Mercury, a provider of financial infrastructure. The $200m investment brought Mercury’s valuation to $5.2bn.
The second largest deal of the week was closed by WealthTech unicorn Farther. The AI-native intelligent wealth management platform raised $150m for its Series D round, which was led by General Atlantic. While the company did not state its current valuation, it noted the round cements its unicorn status.
The final deal to break the $100m barrier was a $100m Series C round secured by PayTech company Primer. The unified payments infrastructure platform has earmarked the capital to support its development of AI capabilities. Combined, the top three deals accounted for $450m of the capital raised this week, a little bump on last week where the top three deals raised a total of $420m.
In terms of sectors, WealthTech proved to be the topic of the week with a total of four deals. Other than Father, the other WealthTechs to raise funds this week were Moment, bunch and Transient.AI.
Close behind with three deals apiece were CyberTech (Socket, Ocean and Quantum Bridge) and PayTech (Primer, Equipifi and Aryze) sectors. The final four deals were evenly split between RegTech (Sardine and Eisen) and infrastructure & enterprise software (Mercury and RemotePass).
Recent research from FinTech Global found that US WealthTech funding surged by 95% YoY in Q1 2026. The US WealthTech sector raised $948.9m across 82 deals in Q1 2026, broadly flat in funding terms compared to the $936.4m recorded across 77 deals in Q4 2025, with both metrics up just 1% and 6% respectively. However, when comparing year-over-year the picture is considerably more striking, with funding up 83% and deal volume up 95% from the $517.5m raised across 42 deals in Q1 2025.
In terms of countries, the US maintained its dominant position. Not only is it home to 10 of the deals this week, it is also the only country to record multiple deals. The US companies to raised capital this week were Mercury, Farther, Moment, Socket, Equipifi, Ocean, Sardine, Eisen, RemotePass and Transient.AI.
The other deals were based in the UK (Primer), Germany (bunch), Canada (Quantum Bridge) and Denmark (Aryze).
Here are the 14 FinTech deals covered on FinTech Global this week.
Mercury raises $200m Series D as AI fuels startup surge
FinTech firm Mercury has secured $200m in a Series D funding round, valuing the company at $5.2bn.
The round was led by growth equity firm TCV, with continued backing from a roster of prominent existing investors including Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital.
The raise brings Mercury’s total primary and secondary funding to approximately $700m.
The announcement arrives at a moment of profound structural change in entrepreneurship. Artificial intelligence is dramatically accelerating the pace at which founders can build companies, and Mercury is positioning itself as the financial infrastructure layer for that next generation of business builders. Mercury now counts more than 300,000 customers on its platform, including one in three US startups and a growing share of AI-native companies, it said.
Its client base spans some of the more consequential technology businesses being built today, among them Supabase, ElevenLabs, Lovable, Linear, Phantom, and Tempo. Notably, the company’s reach has extended well beyond its original technology startup audience. Ecommerce brands, professional services firms, and individual entrepreneurs, including podcaster Dwarkesh Patel, who uses Mercury for both personal and business finances, now make up a significant portion of the customer base. More than 73% of new customers now come from outside the AI and tech startup category, a figure that speaks to Mercury’s broadening market appeal.
The fresh capital will support an expanding suite of product capabilities Mercury has been rolling out. Over the past year, the company launched Mercury Insights, an in-product AI tool that provides customers with a real-time, interactive view of their financial health.
Farther raises $150m Series D led by General Atlantic
Farther, a WealthTech firm offering an AI-native intelligent wealth management platform, has closed a $150m Series D funding round led by General Atlantic, with further participation from existing backers.
The fresh capital is intended to support continued expansion of Farther’s platform capabilities and drive further innovation in support of advisors and their clients. The company will look to leverage General Atlantic’s experience in global wealth management investing and its history of scaling high-growth financial services businesses.
Founded in 2019, Farther’s Intelligent Wealth Platform is designed to address the shortcomings of traditional wealth management systems. The platform provides advisors with an integrated ecosystem that encompasses dynamic asset location, enhanced execution, data, risk management, personalised insights, and AI-driven tools.
It also offers access to private markets and other differentiated investment opportunities, serving clients ranging from high-earning individuals and ultra-high-net-worth families through its Farther Family Office offering to small businesses and institutions.
The raise cements Farther’s status as a unicorn. The firm has now surpassed $23bn in recruited assets, encompassing both assets currently under management and those anticipated from advisors set to join in the coming months.
The company expects this to position it to triple its year-over-year growth since Q1 2025. Since its founding, Farther has raised more than $272m in total.
Primer raises $100m Series C to power AI payments
Primer, a unified payments infrastructure platform founded by former Braintree and PayPal executives, has closed a $100m Series C funding round as it looks to establish AI as the operating layer for global payments and finance.
The round was led by Sofina, with Peak XV Partners joining as a new investor, alongside continued participation from all existing backers, including Balderton, Accel, ICONIQ, Tencent, and Speedinvest. The raise brings Primer’s total funding to $170m.
Proceeds will be directed towards accelerating the company’s AI capabilities and fuelling its expansion across the United States, where Primer intends to grow its share of total revenue to more than one third of the business by 2028.
To support that push, the company plans to hire up to 50 people in the region. The US already accounts for roughly a fifth of Primer’s revenue, with annual recurring revenue there doubling year on year.
Central to the company’s AI strategy is Primer Companion, a proprietary AI agent launched in 2025 that helps merchants handle complex payment queries and surface contextual insights.
Following the fundraise, Primer plans to extend the agent’s capabilities so it can run experiments, optimise performance, and operate autonomously within parameters set by each merchant, effectively shifting it from a tool that supports decision-making to one that can execute decisions independently.
Moment raises $78m as wealth giants adopt its AI OS
Moment, an AI operating system purpose-built for investment management, has closed a $78m Series C funding round as major wealth firms move to standardise on its platform.
The round was led by Index Ventures, with additional participation from Andreessen Horowitz, Avra, and other existing investors. It arrives less than ten months after Moment’s $36m Series B, which was also led by Index Ventures. The platform is now used by firms collectively overseeing more than $10tn in client assets, a dramatic leap from $300bn less than 18 months ago. Among those building on Moment are Edward Jones, LPL Financial, and Hightower Advisors.
Moment’s platform unifies trading, portfolio management, and compliance across asset classes and currencies within a single operating system designed to replace the fragmented patchwork of legacy software that has historically defined the sector. Investment management infrastructure has traditionally been assembled from disconnected point solutions — separate tools for fixed income, rebalancing, unified managed accounts, direct indexing, reporting, reconciliation, and other functions, linked together by the people operating across them. Moment replaces this model with a single platform on which AI agents can operate end-to-end within a regulated environment.
Firms are currently deploying the platform to build custom portfolios from natural-language instructions, run multi-asset and multi-currency optimisation across entire account books, surface tax and risk opportunities at scale, conduct held-away and prospect analyses from uploaded PDF statements, monitor accounts and transactions in real-time against bespoke compliance rule sets, and automate order and execution management across fixed income, equities, and other asset classes.
Open source security gap drives Socket’s $60m raise
Socket, a software supply chain security platform founded in 2020, has closed a $60m Series C funding round at a $1bn valuation, as enterprises race to secure the surge of open source code now entering production through AI-accelerated development.
The round was led by Thrive Capital, with participation from a16z, Abstract Ventures, and Capital One Ventures. The capital will support Socket’s next phase of growth as demand rises among organisations seeking to govern third-party code without disrupting engineering output.
The raise reflects growing urgency around software supply chain risk. The OWASP Top 10:2025 community survey ranked supply chain failures as the leading concern among security professionals, while a 2025 Linux Foundation report found that fewer than four in ten organisations assess the direct dependencies of open source components before incorporating them into their systems.
Socket’s platform works by analysing the behaviour of open source dependencies before they are introduced into a codebase, rather than relying solely on known vulnerability databases — which tend to flag threats only after public disclosure. The platform combines AI-assisted analysis with human verification, enabling security teams to detect malicious behaviour, prioritise exploitable vulnerabilities, and address dependency risk in real time — including novel attacks that have yet to be publicly documented.
bunch secures $35m to modernise private markets
bunch, an AI-native fund operations platform targeting private markets, has closed a $35m Series B as legacy infrastructure struggles to keep up with surging industry complexity.
The round was led by Portage, with Illuminate Financial also participating alongside follow-on commitments from existing backers Motive Partners, Cherry Ventures, FinTech Collective and a number of angel investors. Proceeds will go towards accelerating commercial growth across Europe, advancing the platform’s automation and AI capabilities, and extending its reach into new geographies, asset classes and operational workflows.
Bunch offers PE and VC fund managers a single integrated digital operating layer spanning the entire fund lifecycle. Developed in Europe with multi-jurisdictional complexity in mind, the platform combines proprietary software, specialist expertise and AI-native infrastructure to help managers operate across multiple entities, investor groups, jurisdictions and regulatory regimes. The system is capable of ingesting unstructured fund documentation, extracting and structuring relevant data, and maintaining traceability to source materials — all while preserving human oversight at critical junctures to uphold auditability and control.
The Series B funding will be deployed across three areas: commercial expansion in key European markets including Germany, the UK and Luxembourg; product and technology development to deepen automation across capital calls, compliance, distributions and reporting; and organisational scaling to support a broader range of asset classes and jurisdictions.
Equipifi raises $34m Series B to expand bank-native BNPL
Equipifi, a FinTech platform enabling banks and credit unions to embed buy now, pay later (BNPL) natively into their digital banking products, has closed a $34m Series B funding round, bringing its total funding raised to $49m.
The round was led by Left Lane Capital, with all existing investors returning to participate, including Curql and PHX Ventures.
Proceeds will be directed towards two key priorities: broadening the company’s financial institution partner base and enhancing its product capabilities to extend its position in the market.
Flexible payment options are now used by more than 82 million American consumers, yet the majority of these products are delivered by third-party FinTechs operating outside of the traditional banking relationship. Equipifi’s platform addresses this by allowing consumers to split purchases into instalments through the financial institution that already holds their deposits.
Founded by a team with backgrounds inside financial institutions, equipifi says this heritage shapes how it develops its products, with a focus on deep integration, institutional-grade reliability, and an experience that feels genuinely native to the consumer’s existing banking relationship. Over the next year, the company expects to double its headcount, with recruitment concentrated in product and engineering functions.
Ocean raises $28m to fight AI-driven email threats
Ocean, an agentic email security platform that uses autonomous AI to investigate every incoming message, has emerged from stealth with $28m in total funding to take on a new generation of AI-driven enterprise cyber threats.
The round was led by Lightspeed Venture Partners, with Picture Capital and Cerca Partners also participating. A group of prominent angel investors joined the raise, including Assaf Rappaport of Wiz, Yevgeny Dibrov and Nadir Izrael of Armis, and Dor Knafo, former CEO of Axis Security and general partner at Cyberstarts.
The company positions itself as the first AI-native email security platform built around autonomous investigation rather than traditional detection, and says it is already defending hundreds of thousands of mailboxes for enterprise customers. Among those clients are Global Fortune 500 organisations as well as KAYAK, Kingston Technology, and Headspace. Ocean’s platform is designed to displace legacy tools that rely on flagging suspicious signals, an approach the company argues is no longer fit for purpose as attackers increasingly exploit AI to craft convincing, personalised messages at scale.
Central to Ocean’s offering is Ray, its autonomous investigation engine. Ray analyses every incoming email in real time, examining the sender’s identity, message content, embedded links, technical infrastructure, and the broader business context surrounding the communication. By building up a complete picture of each message rather than screening for surface-level anomalies, the platform aims to catch fraud, impersonation, and targeted attacks that would otherwise pass undetected. The system also automates the investigation and response workload that would typically fall to security operations teams, reducing manual effort and accelerating response times.
Sardine lands $25m as National Bank of Canada deepens bet
Sardine, an agentic risk platform focused on combating financial crime, has secured a $25m Series C extension led by National Bank of Canada, bringing its total funding raised to $170m.
The investment follows a live platform evaluation in which Sardine demonstrated improved fraud detection and a reduction in false positives, with the bank citing these results as the basis for its decision to deepen the commercial relationship. As part of the multi-year partnership agreement, National Bank of Canada will roll out Sardine’s device intelligence and real-time risk scoring capabilities across its retail, commercial, and wealth operations.
National Bank of Canada is one of Canada’s largest financial institutions, serving around 2.7 million clients worldwide. NAventures, the bank’s corporate venture capital arm, was already an existing investor in Sardine prior to this latest commitment, making the Series C extension a significant doubling down on that position.
Sardine’s platform operates as an agentic risk solution designed to help banks detect and prevent fraud without creating unnecessary friction for genuine customers. The company profiles devices and assigns real-time risk scores, enabling financial institutions to modernise their financial crime prevention operations at scale.
Eisen raises $18.5m to fix financial compliance gap
Eisen, an AI-enabled compliance operations infrastructure provider for financial services, has secured a total of $18.5m in funding to address a growing dormant-account crisis affecting banks, FinTechs, and digital asset platforms.
The raise comprises a $10m Series A led by MissionOG alongside a previously undisclosed $8.5m seed round led by Index Ventures. Additional backers include Cowboy Ventures, First Round Capital, Homebrew, and Restive Ventures. Eisen intends to deploy the capital to broaden its compliance coverage and scale the team that serves FinTechs, financial institutions, and digital asset companies.
Eisen’s platform embeds state-specific regulatory requirements directly into everyday account operations, enabling institutions to identify dormancy risk earlier, reduce reliance on manual compliance work, and retain customer assets before they are lost. The platform currently addresses escheatment, tax reporting, and disbursement. Compliance and operations teams use it to cut manual workloads and mitigate dormant-account exposure, while executives rely on it to reduce regulatory risk and safeguard customer trust.
RemotePass raises $17.4m Series B led by EBRD
RemotePass, a global employment, payroll and spend platform, has secured $17.4m in a Series B funding round led by EBRD Venture Capital, with participation from 500 Global and existing backers Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.
The capital will be deployed to broaden RemotePass’s commercial presence across Europe and the US, strengthen its financial infrastructure product for distributed teams, and push forward its artificial intelligence roadmap.
RemotePass achieved profitability in early 2025, after which it opted to reinvest in growth, bringing in EBRD and 500 Global as strategic partners. The platform has grown to serve more than 35,000 workers across more than 150 countries and has processed over $800m in cross-border payroll, which it claims it achieved on considerably less capital than comparable players in the category.
Founded in 2021 by Kamal Reggad and Karim Nadi, RemotePass addresses a gap that larger incumbents have largely left unmet: enabling businesses to hire, pay and support workers internationally in markets where local entity setup, compliance and banking infrastructure remain genuinely complex.
Its customers include Logitech, Tata Group, InDrive and Careem. The platform covers employer of record services, contractor management, payroll and compliance, alongside a FinTech layer giving workers access to USD accounts, global cards and health insurance.
Towards the end of 2025, the company launched SpendCards, which embeds corporate expense cards directly into the same platform used to pay the workforce, consolidating payroll, contractor payments and spend management into one system. The company has also introduced AI agents that automate processes across onboarding, compliance and support functions.
$8m Series A backs Quantum Bridge’s network defence play
Quantum Bridge Technologies, a quantum-safe cybersecurity infrastructure company, has closed an $8m Series A funding round to accelerate the global rollout of its cryptographic protection systems.
The round was led by Primo Capital SGR, with participation from a broad international syndicate comprising Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital. Combined with earlier financing from Alumni Ventures and the University of Toronto, the raise brings Quantum Bridge’s total funding to $16m.
The capital will support the company’s expansion as financial institutions, telecoms operators, governments and defence organisations increasingly look to shield critical data from the risks posed by advances in quantum computing.
Quantum Bridge has developed a patented Distributed Symmetric Key Establishment (DSKE) protocol, which allows organisations to generate, distribute and manage symmetric keys through a decentralised architecture. The approach eliminates single points of failure, improves scalability and is designed to strengthen long-term cryptographic resilience. The platform is built to integrate with existing infrastructure, vendors and security layers — spanning optical encryptors through to application-level systems — without disrupting current operations.
Aryze closes €3m ($3.4m) pre-series A to scale stablecoin infrastructure
NEXT Investors backs Transient.AI in Series A round
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