XFOLIO, a French and Lebanese-based FinTech company redefining institutional wealth management, has successfully closed a $2m seed funding round. The investment was fully provided by Middle East Venture Partners (MEVP), and will enable XFOLIO to accelerate its product development, expand into new markets across MENA and Europe, and form strategic partnerships. Founded in 2024 by
Whalet has announced a strategic partnership with global money movement firm TerraPay to deliver seamless cross-border payout solutions aimed at supporting small and medium-sized enterprises (SMEs). The collaboration will focus on simplifying international transactions for Whalet’s core customers — cross-border sellers from the Asia-Pacific region — while improving overall payment efficiency. TerraPay vice president – IMT (APAC)
Paynt, a leading European payment technology company, today announced its acquisition of Canadian firm E-xact Transactions, marking a major milestone in the company’s strategic expansion across North America. Paynt currently processes payments across the European Economic Area and the United Kingdom, with regional offices in the UK, Ireland, the Baltic States, and the United States. The acquisition of E-xact, which
Saphyre, the leading fintech platform for pre-trade and post-trade intelligent automation, today announced the launch of its AI Agent for Onboarding, a game-changing capability that allows brokers and clients to initiate full fund onboarding simply by sending an email. With no portals, forms, or extra tools required, the AI Agent for Onboarding enables firms to meet their
Backlit Capital Solutions today announced the launch of its full-service legal finance consultancy helping claimants, law firms, lenders and investors navigate the legal finance and contingent risk insurance market. Backlit provides capital access and strategic advisory services to claimants and law firms, as well as targeted deployment strategies, portfolio management guidance, risk mitigation, and asset
Kiwi, a FinTech company focused on building AI-driven credit and financial tools for underbanked Latino communities in the US, has closed a $7.8m Series A funding round. The round was co-led by LIP Ventures and Advent-Morro Equity Partners, with further backing from Morro Ventures, Independent Capital, Neer Venture Partners, Invariantes Fund, and others. This latest
Nomupay has secured $40m in funding alongside entering a strategic partnership with Japan-based SB Payment Service Corp (SBPS). According to Tech EU, the latest funding round, which values Nomupay at $290m, includes an investment from SBPS. The capital injection marks a milestone in the company’s efforts to accelerate cross-border payment capabilities between Asia and the rest
Stitch, a Saudi Arabia-based FinTech company, has raised $10m in seed funding to support its mission of transforming how financial and non-financial institutions build banking and payment products. The round attracted backing from investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. It also saw participation from family offices and industry veterans such as
Belgian start-up Auditstage, an emerging player in the AuditTech sector, is developing an AI-powered collaboration platform to streamline and modernise the external audit process. The company has raised €750,000 in pre-seed funding from venture capital firm Smartfin. Founded in 2024 by certified auditor Natalia Khamraeva, Auditstage aims to overhaul the traditional financial audit by creating a
Monarch, a personal finance platform focused on improving financial health for households, has raised $75m in a Series B funding round. The round was co-led by FPV Ventures, represented by Wesley Chan, and Forerunner Ventures, led by Eurie Kim. Existing backers Menlo Ventures, Accel, SignalFire, and Clocktower Ventures also took part in the latest raise.
MuchBetter has partnered with UK banking giant NatWest to boost its B2B arm, MuchBetter Business (MBB), marking a major step forward in delivering banking solutions for underserved industries and specialised sectors. The alliance brings together MuchBetter’s FinTech expertise with NatWest’s robust banking infrastructure. Under the partnership, NatWest will provide fund safeguarding, access to payment schemes, foreign
Airwallex, a global financial platform for modern businesses, has raised $300m in a Series F funding round, taking its total funding to over $1.2bn and placing the company’s valuation at $6.2bn. The latest round features a mix of primary and secondary investment, with $150m in secondary share transfers. Investors include Square Peg, DST Global, Lone
