Canada’s Wealthsimple raises CDN $425M, valued at CDN $13.8B
The Toronto-based fintech agreed to raise as much as C$425 million in an equity round. The institution offers checking, lending, credit cards, investments and business services.
GIC, Singapore’s sovereign wealth fund, led the raise. Participants include Power Corporation of Canada, IGM Financial, Iconiq, Canada Pension Plan Investment Board, and Inovia.
The funding breaks down into $300 million of a primary offering and $125 million for employees to realize gains.
Pigment confirms $250M E round
The funding gives the AI business planning and performance management platform a $2.3 billion valuation. The round was led by Scaleup Europe Fund, with participation from World Innovation Lab, Greenoaks, ICONIQ, IVP, Meritech, and NVIDIA.
Wealthtech Nevis announces $70M B round
Nevis is an AI operating system for wealth management. EQT Ventures led the raise, which brings Nevis’ total funding to $110 million. New investors include The Charles Schwab Corporation, and QuantumLight. Existing investors, including Sequoia Capital, ICONIQ and Ribbit Capital, expanded their funding.
Autonomous fintech Hyphenate raises $45M A
Hyphenate provides autonomous finance services for CFOs. Nexus Venture Partners led the raise; participants included B Capital, Foundation Capital, BoldCap and Gaia Ventures.
Cognitive Credit earns $40M investment
Cognitive Credit provides corporate credit data, analytics, and AI technology. The round was led by Summit Partners, with participation from ETFS Capital.
Photon Pay confirms $40M Series C
Based in Hong Kong, PhotonPay has developed a stablecoin-operated financial operating system. Blockchain Capital led the round; participants include SBI Group, IDG Capital, GL Ventures, and Lightspeed Faction.
AI insurtech Slingshot hits the bullseye with $27M seed round
It was co-led by Rally Ventures and Skyward Group.
Hyperlayer confirms $26M A2 round
The fintech helps banks modernize without replacing core infrastructure. Flintrock Capital led the round; participants include Mouro Capital, Susquehanna Private Equity Investments, LLLP.
CapitalOS raises $21.9M Series A
CapitalOS’ B2B money orchestration layer lets clients embed credit cards, bill pay, and wallets into their own software. The raise was led by LGVP; participants include WEX Venture Capital, Group11, Great North Ventures, and Night Capital.
Prism Data welcomes $20M Series A
The company designs open banking infrastructure, analytics and cash flow underwriting tools. The round was led by Story Ventures, with participation from FINTOP, Core VC, Obvious Ventures, 1st & Main Growth Partners, and Mana Ventures.
Paytech and regtech Mural raises $15M
Mural provides payments and compliance infrastructure for fintechs and AI agents seeking to connect to the bot economy. Tether led the round.
Decentralized AI agent data network Dataline raises $10.6M seed
The round was led by Lattice and Dispersion Capital. Participants include Symbolic Capital, Coinbase Ventures, Anagram, Robinhood co-founder and CEO Vlad Tenev, a former head of the CFTF, and past or present executives from Venmo, Anchorage Digital, NEA, General Catalyst, Jump Capital, and FalconX.
London Stock Exchange Group to buy creditech Octus in $3.5B deal
Octus provides credit intelligence, data and workflows,
The cash comes from funds advised by Permira, and Octus management.
Standard Chartered buying Zodia Custody
Zodia Custody is the parent company behind regulated custody businesses in Hong Kong, Australia, Luxembourg, Singapore and the United Arab Emirates
Intuit to buy revenue management company Sequence
Sequence automates business end-to-end quote-to-revenue processes.
Fintel acquires Mortgage Brain for $51.4M
Data analytics platform Fintel acquired a 5.8% stake 30 months ago.
Indonesian LaaS Finfra raises undisclosed A round
It was led by the Asian Development Bank’s ADB Ventures. Participants include Cento Ventures and Accion Ventures. Finfra sells lending software.
Zafin to acquire Naehas
Naehas provides offer management, disclosure automation and marketing compliance technology.
