A busy week for Klarna highlights this week’s fintech raises and acquisitions.
Klarna announces €900M German facility
It’s Klarna’s first forward flow and warehouse financing agreement in Germany. Under the two-year agreement, Klarna has sold a portfolio of its German Fair Financing term loans and will sell newly originated German Financing receivables on a rolling basis.
Databento confirms $97M B round
The market data platform’s raise was led by New Enterprise Associates (NEA), with participation from DRW Venture Capital, Redpoint Ventures, and Tribe Capital, among others.
NEA partners Rick Yang and Danielle Lay join Databento’s board, with Yang as a director and Lay as a board observer.
EDX Markets closes $76M Series C
EDX Markets is a digital asset technology firm that combines an institutional-only trading venue with a central clearinghouse. SBI Holdings led the round.
The funding will support expansion of trading, clearing and settlement capabilities, accelerate product development and scale global operations.
GIM confirms $20M Series A
The AI-native investment technology company builds agentic systems for capital markets. The round was co-led by a US venture capital firm and Hony Capital, with participation from IDG Capital and existing investor Monolith Capital.
Tangos AI announces $20M seed
Tangos uses autonomous AI agents to conduct end-to-end investigations that deliver evidence-backed, regulator-ready case files. The round was led by Red Dot Capital Partners, with participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch Capital and Selah Ventures and a strategic investment by Bright Data.
The platform helps organizations:
- Investigate suspicious activity and compliance alerts;
- Analyze sanctions, anti-money laundering and fraud risks;
- Identify beneficial ownership structures and hidden relationships;
- Map networks of entities, accounts and counterparties;
- Validate evidence across multiple sources; and
- Generate regulator-ready investigative reports with complete audit trails.
Kapture earns $10M Pre-B
Kapture CX is a verticalized full-stack agentic AI platform. The round was led by Bajaj Finserv Ventures (BFSV), part of Bajaj Finserv, an IndianAI-driven financial services group. Existing investors Cactus Venture Partners and India Alternatives also participated in the round.
Qashier raises $6.1M A+ round
The Singapore-based payments and merchant software company said the round, which includes equity and debt, was led by Cocoon Capital, IFP Securities and BlackSoil Global, with participation from strategic angel investors. The new funding will support regional expansion and further product development.
Qashier has raised less than USD $20 million in total to date.
Nium acquires wallet firm Cypher
The deal adds Cypher’s crypto product knowledge to Nium’s capabilities. Cypher was founded by Kuberan Marimuthu (Kube) and backed by Y Combinator and Coinbase Ventures.
Backbase acquires agentic AI firm Kasisto
Kasisto provides agentic AI for banking and financial services. Its platform, KAI, is purpose-built for regulated financial environments and uses specialized financial LLMs that understand context, apply institutional judgment, and operate strictly within banking governance and compliance frameworks.
LemFi Acquires Wealth8
This week, LemFi secured approval from the UKʼs Financial Conduct Authority (FCA) for its acquisition of investment platform Wealth8. It allows LemFi to add wealth-building and investment to its product ecosystem.