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
Tietoevry Banking has entered into a long-term partnership with Lokalbank, a network of 16 independent Norwegian banks, to deliver a tailored banking platform for the Norwegian market. The partnership aims to support Lokalbank’s mission of fostering local community growth through the adoption of a future-ready digital platform. The solution is designed to streamline operations, enhance customer
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.
Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures. The introduction of this new insurance product comes in the wake of rising demand for improved risk mitigation following high-profile outages. Notably, the global CrowdStrike incident in July 2024
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
Seeds, a US-based WealthTech company focused on modernising investment experiences for financial advisors, has raised $10m in a Series A funding round. The round was led by global FinTech investor Portage, with additional backing from existing investors Social Leverage and Blank Ventures. Seeds offers an end-to-end platform designed to help registered investment advisors (RIAs) deliver
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
Wagestream, a UK-based FinTech firm specialising in financial wellbeing solutions for employees, has secured a £300m debt financing facility from global banking giant Citi. The financing will support the expansion of Wagestream’s Workplace Loans product, which was launched in late 2024 through an early access programme. The product has already been adopted by thousands of
Amsterdam-based Finom, a digital banking platform tailored for small and medium-sized businesses, has reportedly raised $105m in growth funding. The capital injection, equivalent to €92.7m, comes from General Catalyst’s Customer Value Fund, according to a report from TechCrunch. In a notable move, the round did not involve any equity exchange, making it an unconventional investment structure. Finom
Two of Europe’s most prominent WealthTech firms, Fincite of Germany and Harvest of France, have announced a strategic merger to create a new European leader in wealth management software. The union is supported by private equity investors TA Associates and Montagu and aims to drive growth through acquisitions and an expanded geographic footprint. Both firms will operate under the
Turris, a provider of compliance and payment automation solutions for the insurance sector, has partnered with Loro Insurtech to deliver a unified solution aimed at modernising how insurers and MGAs handle compliance and broker onboarding. The partnership accelerates broker and agent onboarding, streamlines quoting and binding, and automates compliance checks and filings—boosting efficiency and reducing risk. Turris
