Financial Services &amp; Wealth Management

Welab has secured $220 million in a Series D strategic financing round, marking the largest digital banking capital raise in Asia for 2025 and the biggest in the company's history. This funding, which includes both debt and equity, aims to support Welab's expansion in Southeast Asia and its push into AI, with participation from both new and existing investors.

WELAB

$220M

🌐 Hong Kong

ALPACA

$150M

Alpaca, an API-first brokerage infrastructure company, has raised $150 million in a Series D funding round, achieving a valuation of $1.15 billion. The investment, led by Drive Capital, aims to enhance Alpaca's market presence and cybersecurity while addressing the growing demand for embedded investing. The round included participation from notable investors such as Citadel Securities and Kraken. Founded by Japanese entrepreneurs, Alpaca focuses on providing financial institutions with access to various investment products, significantly impacting the tokenization of U.S. equities and ETFs.

Investors: Drive Capital, Citadel Securities, Kraken

Abound, a London-based ai-powered credit technology company, has acquired Ahauz, a specialist lender in shared equity mortgages, marking its first acquisition. The deal allows Ahauz to leverage Abound's capital and AI-led underwriting to enhance mortgage options for borrowers. Abound aims to expand its homeowner finance products, having recently surpassed £1 billion in lending and reported a significant profit increase. Key investors and metrics include a 25x net profit increase to £7.5 million and revenue growth from £22 million to nearly £67 million.

ABOUND

🇬🇧 United Kingdom

Hurricane Capital, a global asset management firm, has acquired Kiyomi AI, a portfolio intelligence platform aimed at enhancing institutional finance workflows. This acquisition follows Hurricane's investment in Transient.ai and aims to redefine institutional trading through AI. Kiyomi AI, developed by Jacob Koenig, offers advanced insights into trading patterns and drivers. The platform will be integrated into Transient.ai's SaaS suite, enhancing its capabilities for fund managers across various asset classes.

KIYOMI AI

🌐 N/A

Investors: Hurricane Capital

Corgi has raised $108 million to operate as a licensed, full-stack insurance carrier tailored for startups, providing comprehensive coverage including underwriting, policy administration, and claims. Key investors include Y Combinator, Kindred Ventures, and Glade Brook Capital Partners, among others.

CORGI

$108M

🇺🇸 USA

Investors: Y Combinator, Kindred Ventures, Glade Brook Capital Partners

Payhawk, a Bulgaria-headquartered AI-powered spend management platform, is in talks to raise over $100 million in a new funding round that could double its valuation to nearly $2 billion. Founded in 2018, Payhawk helps businesses manage expenses through a comprehensive financial platform. Existing investors include Lightspeed Venture Partners and Greenoaks Capital, supporting its expansion and product development efforts.

PAYHAWK

$100M

🌐 Bulgaria

Investors: Lightspeed Venture Partners, Greenoaks Capital

Payhawk, a Bulgaria-headquartered AI-powered spend management platform, is in talks to raise over $100 million in a new funding round that could double its valuation to nearly $2 billion. Founded in 2018, Payhawk helps businesses manage expenses through a comprehensive financial platform. Existing investors include Lightspeed Venture Partners and Greenoaks Capital, supporting its expansion and product development efforts.

PAYHAWK

$100M

🌐 Bulgaria

Investors: Lightspeed Venture Partners, Greenoaks Capital

Quantexa, a UK-based AI financial crime fighting unicorn, raised $175 million in its Series F funding round, achieving a valuation of $2.6 billion. The funding included $114 million in new equity, aimed at enhancing its platform that helps organizations detect fraud and assess risk by connecting various data points. The company reported a 49% revenue increase to £126 million, while pre-tax losses decreased to £25 million. Key clients include HSBC and Vodafone, and Quantexa plans to expand further in banking, government, insurance, and telecommunications sectors.

QUANTEXA

$175M

🇬🇧 United Kingdom

PLUTO FINANCIAL TECHNOLOGIES

$8.6M

New York-based Pluto Financial Technologies raised $8.6 million in seed financing to launch an AI-driven lending product aimed at unlocking liquidity for investors in private markets. The funding round was led by Motive Ventures, with participation from Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, and Tectonic Ventures. Pluto's flagship offering, the Wealth Equity Line of Credit (WELOC), provides access to capital against private-market portfolios while maintaining long-term exposure, addressing liquidity constraints for wealth advisors.

Investors: Motive Ventures, Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, Tectonic Ventures

PLUTO

$8.6M

New York-based Pluto Financial Technologies raised $8.6 million in seed financing to launch an AI-driven lending product that unlocks liquidity for investors in private markets. The funding round was led by Motive Ventures, with participation from Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, and Tectonic Ventures. Pluto's flagship offering, the Wealth Equity Line of Credit (WELoC), provides access to capital against private-market portfolios while maintaining long-term exposure, addressing liquidity constraints for wealth advisors.

Investors: Motive Ventures, Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, Tectonic Ventures

PLUTO FINANCIAL TECHNOLOGIES

$8.6M

New York-based Pluto Financial Technologies raised $8.6 million in seed financing to launch an AI-driven lending product aimed at unlocking liquidity for investors in private markets. The funding round was led by Motive Ventures, with participation from Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, and Tectonic Ventures. Pluto's flagship product, the Wealth Equity Line of Credit (WELoc), provides access to capital against private-market portfolios, addressing liquidity constraints for wealth advisors and their clients.

Investors: Motive Ventures, Apollo Global Management, Broadhaven Ventures, Portage, Hamilton Lane, Tectonic Ventures

AUTONOMOUS TECHNOLOGIES GROUP

$15M

Autonomous Technologies Group (atg), an AI research lab based in New York City and San Francisco, raised $15 million in pre-seed funding to address complex financial problems. Key investors include Y Combinator's alumni fund, Garry Tan, Collaborative Group, Fusion Fund, Box Group, and a quantitative hedge fund founder. The company was founded in 2025 by Paperspace co-founders Dillon Erb and Daniel Kobran.

Investors: Y Combinator's alumni fund, Garry Tan, Collaborative Group, Fusion Fund, Box Group

PLUTO FINANCIAL

$8.6M

Pluto Financial Technologies Inc. has raised $8.6 million to enhance its lending capacity, enabling investors in private equity to unlock value from illiquid assets. The funding round was led by Motive Ventures, with participation from Portage, Apollo Global Management, and Hamilton Lane.

Investors: Motive Ventures, Portage, Apollo Global Management, Hamilton Lane