Grifin Lands $11 Million to Help Users Invest as they Shop

Grifin Lands $11 Million to Help Users Invest as they Shop
  • Grifin raised $11 million in Series A funding to grow its investing app that allows users to invest where they shop, bringing its total funding to $20 million.
  • The app uses Adaptive Investing to automatically invest $1 per purchase into companies users buy from, helping them build daily investing habits.
  • Grifin targets underserved investors, especially women ages 40 to 60.

Approachable investing app Grifin announced that it raised $11 million this week to help users invest where they shop. The Series A funding round, which brings the company’s total raised to $20 million, was led by Nava Ventures with participation from TTV, Draper Associates, Gaingels, Nevcaut Ventures, and Alloy Labs.

Grifin will use today’s funding to hire employees, partner with HR platforms and consumer brands, build family plans, and build out more tools and experiences to add to the app.

“We are thrilled to partner with Grifin in their mission to make investing fit into the daily lives of people across the country,” said Freddie Martignetti, Partner at Nava Ventures. “With more than 178 million uninvested Americans, Grifin has the potential to make a remarkably positive impact by helping their app users lay the foundation for long-term wealth building.”

Martignetti will join Grifin’s Board of Directors.

Grifin was founded in 2017 to make investing fun by allowing shoppers to invest in a portion of the brands they purchase from. The company removes complexity and fear associated with investing by building an investment portfolio based on the consumer’s purchasing habits. Grifin automatically transfers $1 for every transaction the user makes during the week, then invests the funds into their portfolio that is comprised of companies from which the user purchases. Grifin calls this approach Adaptive Investing.

With Adaptive Investing, Grifin creates a dynamic investment portfolio that is uniquely personalized to the user and their everyday habits. As the user’s shopping habits change, Grifin adapts the portfolio. The company also offers users full control on how much and in which companies they invest, allowing them to block companies and manually adjust their investment amount.

“We have always believed that investing should be positive and fun. Where it doesn’t feel like a second job, it simply feels like second nature,” said Grifin CEO and Cofounder Aaron Froug. “Unlike traditional investing, Grifin instills confidence through action and connection. Our goal with Grifin is to build daily investment habits, different mindsets and change the relationship people have with the brands they love. This new funding enables us the fuel to scale a product that’s already proven its power to increase investing habits in a whole new way.”

Grifin is targeting the 86% of Americans that don’t directly own any stock, and says that its primary investor group is women between the ages of 40 and 60. The company has added 500,000 registered users and has seen more than 100,000 new app installs in the last month alone.

Grifin differs from investing companies like Acorns by focusing on emotional connection and brand loyalty rather than rounding up spare change. While Acorns emphasizes passive micro-investing based on leftover change, Grifin actively builds a portfolio based on where users actually shop, which turns consumer behavior into their personalized investment strategy. This approach not only builds financial habits but also helps users feel more connected to their investments, making the process more engaging and meaningful.


Photo by Andrea Piacquadio

Icon Solutions Secures Investment from UBS

Icon Solutions Secures Investment from UBS
  • Payments company Icon Solutions has secured a new equity investment in a round led by UBS. Citi and NatWest, existing Icon Solutions investors, also participated.
  • The investment will help Icon Solutions bring its Icon Payments Framework (IPF) to more banks to enable them to develop and deploy new payment processing solutions faster.
  • Headquartered in the UK, Icon Solutions made its Finovate debut at FinovateEurope 2017.

UK-based paytech Icon Solutions announced a new equity investment led by Swiss bank UBS. Citi and NatWest, current Icon Solutions investors, also contributed funding. The amount of the total investment was not disclosed.

“This investment round is further endorsement of our founding belief that banks should be empowered to lead their own payments transformation,” Icon Solutions Co-Founder and Director Tom Kelleher said. “With IPF now internationally proven and increasingly adopted by major financial institutions, we look forward to continuing our close partnerships with Citi, NatWest, and UBS to build on this global momentum and deliver truly innovative and ground-breaking payments solutions.”

Both Citi and NatWest have deployed Icon Solutions’ Icon Payments Framework (IPF) to enhance their respective payments programs. IPF offers banks a payments development framework that enables them to build, test, and deploy payment processing solutions faster, allowing them to accelerate the transformation of their own payments infrastructure.

“This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients,” UBS Head of Group Operations and Technology Office for Personal & Corporate Banking and GWM Switzerland & International Pieter Brouwer said. “The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing.”

Founded in 2009, Icon Solutions demoed its technology at FinovateEurope 2017 in London. The company’s core solution—the Icon Payments Framework—is a payment development framework relied upon by tier 1 banks around the world including Citi, NatWest, BNP Paribas, and UBS. Built to integrate seamlessly with multiple payment schemes, IPF helps financial institutions accelerate transformation of their payment infrastructure, while maintaining control of both timeline and costs. Cloud and ISO 20022-native, IPF reduces cost of ownership by up to 50%, accelerates speed to market by up to 4x, and enables real-time payments adoption in six months.

This spring, Icon Solutions introduced new Director of People Hannah McKechnie. Formerly Head of HR for the company, McKechnie, in her new role, will oversee Icon’s ‘People and Purpose’ programs, including support for Icon’s partnerships with the Social Mobility Foundation and with purpose-led technology training and services company Digital Futures.


Photo by Heidi Fin on Unsplash

Stablecoin Infrastructure Platform OpenTrade Raises $7 Million

Stablecoin Infrastructure Platform OpenTrade Raises $7 Million
  • OpenTrade has raised $7 million in seed funding, boosting its total raised to $15.7 million.
  • The company will use the funds to scale its “yield-as-a-service” stablecoin infrastructure platform.
  • OpenTrade helps fintechs embed real-world asset-backed yields into digital wallets using USDC and EURC.

Stablecoin infrastructure-as-a-service platform OpenTrade received $7 million in a Seed round this week. The funds boost the UK-based company’s total raised to $15.7 million, $11 million of which has been secured within the past six months alone.

Today’s round was led by Notion Capital and Mercury Fund. Existing investors AlbionVC, a16z crypto, and CMCC Global also participated. In addition to today’s investor lineup, OpenTrade’s other investors include the likes of a16z Crypto and Circle.

“Notion and Mercury are exceptional B2B investors with a strong track record of backing category-defining companies, and we’re thrilled to partner with them,” said OpenTrade CEO Dave Sutter. “Combined with a16z’s leadership, and Albion and CMCC’s deep expertise, we have the network, experience, and momentum to scale globally and help unlock access to dollar-based savings for individuals historically outside the reach of traditional financial systems.”

OpenTrade aims to help businesses offer stable, reliable ways to earn yield using digital dollars (USDC) and euros (EURC). Founded in 2023, OpenTrade connects blockchain-based assets with traditional banking infrastructure to make earning interest on digital currencies simple, safe, and compliant. Its “yield-as-a-service” model that lets fintech clients including Belo, BuenBit, Littio, and Criptan embed yields that are backed by real-world assets into everyday user experiences.

Its easy-to-integrate tools allow fintech apps and digital wallets to offer yield products to their users at the click of a button, all secured by strong legal protections and institutional-grade operations. The company currently manages $47 million for clients and has processed nearly $200 million in transactions over the past year.

OpenTrade will use today’s funds to accelerate its go-to-market strategy by focusing on its product development, boosting its engineering capabilities, and increasing its operational capacity.

“OpenTrade is building core financial infrastructure for the next generation of fintech,” said Mercury Partner Samantha Lewis. “Their rapid growth underscores both the scale of demand and the strength of their model. They are solving a fundamental gap in the market with the potential to revolutionize global access to high-quality, yield-bearing accounts. It’s exactly the kind of high-conviction fintech opportunity we look for at Mercury.”

Stablecoin infrastructure is particularly impactful in geographies with unstable financial infrastructure that offers minimal yield and limited access to foreign currency accounts. In such regions, stablecoins not only provide a practical way to pay across borders, but they can also offer the opportunity for residents to earn a yield on savings. OpenTrade, for example, leverages a partnership with Littio to allow users in Colombia to earn up to 6% on USDC balances, when they have traditionally been limited to earning just 0.4% APR on funds held in traditional bank accounts.

OpenTrade’s latest funding round highlights growing investor confidence in the role stablecoins can play in democratizing access to financial services. As demand rises for yield-bearing products that are both secure and accessible across the globe, OpenTrade is poised to be a leader in the stablecoin infrastructure space.


Photo by anna-m. w.

Parlay Finance Secures $2 Million in Seed Funding for its Loan Intelligence System

Parlay Finance Secures $2 Million in Seed Funding for its Loan Intelligence System
  • Loan intelligence system (LIS) company Parlay Finance has secured $2 million in seed funding in a round led by JAM FINTOP.
  • The funding will help Parlay expand product development and grow its network of community lenders.
  • Parlay made its Finovate debut at FinovateSpring 2024.

In a round led by JAM FINTOP, loan intelligence system (LIS) company Parlay Finance has raised $2 million in seed funding. The funding will help the Virginia-based fintech expand product development, deepen integrations with existing systems of record, and expand its network of community lenders.

“JAM FINTOP’s investment and network of banks creates a powerful multiplier effect for our technology,” Parlay CEO and Co-Founder Alex McLeod said. “Through this partnership, we’re empowering community lenders nationwide to maintain rigorous underwriting standards while drastically improving operational efficiency and insight. By democratizing access to AI-powered technology, Parlay is helping community banks to better compete while advancing their mission to serve local businesses.”

Parlay Finance offers a solution that helps lenders boost loan volume, enhance operational efficiency, and maximize profitability without incurring additional risk. The company’s loan intelligence system complements existing loan origination systems (LOS) and features capabilities including digital customer onboarding, information verification, and a decision management system—powered by AI—that streamlines the processing of Small Business Administration (SBA) loans, which are notoriously complex and costly to underwrite.

In a statement, Parlay noted that it also has intensified its relationships with banks in the JAM FINTOP network. JAM FINTOP Investor Stephen Schroder, who will join Parlay’s board of directors, underscored the opportunity for its partnering banks. “Parlay has built what our banks need: a system of intelligence that integrates with existing systems of record to deliver substantial improvements in both volume and efficiency,” Schroder said. “We are confident the team’s deep understanding of banking operations and proven ability to execute will drive value for financial institutions nationwide.”

Founded in 2022 and headquartered in Alexandria, Virginia, Parlay Finance made its Finovate debut at FinovateSpring 2024. At the conference, the company showed how its technology helps lenders generate high-quality loan packets and provide scalable technical assistance for small business applicants. This helps boost customer loyalty, improve the efficiency of lending operations, and create interest and fee revenue for Parlay’s lending partners.

Last month, Parlay Finance partnered with credit-decisioning firm and fellow Finovate alum Stratyfy. The strategic partnership will combine Parlay’s platform with Stratyfy’s credit solutions to offer a frictionless intake and underwriting experience that helps banks increase lending to qualified small business borrowers.


Photo by Jenna Hamra

Credit Rebuilding Innovator Remynt Secures Strategic Investment, Becomes a CUSO

Credit Rebuilding Innovator Remynt Secures Strategic Investment, Becomes a CUSO

According to the New York Fed, US total household debt reached $18.2 trillion in the first quarter of this year.

While there were positive signs—credit card balances were lower quarter-over-quarter—the $16 billion uptick in student loan balances, including the number of loans that had moved from “current” to “delinquent,” was a reminder of how dynamic the US household debt landscape can be. The report also noted that, while there were no significant increases in the number of auto loans and credit card balances that had “transitioned into serious delinquency,” there was an increase in aggregate delinquency rates versus the previous quarter.

It is against this backdrop that we learned that debt recovery and credit rebuilding innovator Remynt has secured a strategic investment from One Washington Financial, the wholly-owned holding company of WSECU (Olympia, Washington). As part of the investment, Remynt, which won Best of Show in its Finovate debut at FinovateSpring last year, will also become a Credit Union Service Organization or CUSO.

“Since Remynt’s founding, our goal has been to support credit unions because we align closely in our support for financial wellness,” Remynt Founder and CEO Gwyneth Borden said. “We are thrilled to have the support of One Washington Financial and WSECU. This investment will help us scale our business and serve more credit unions to achieve higher recoveries while supporting member financial health.”

Founded in 2022 and headquartered in San Francisco, California, Remynt is a digital-first debt and credit recovery company. Remynt enables creditors to recover revenue from non-performing delinquencies and empowers consumers to resolve debt on their own terms thanks to a customer-centric, resiliency-oriented approach. Users of Remynt resolve their outstanding debts via a credit builder that links debt payments to a positive credit tradeline. The Remynt platform features credit score insights, personal finance management tools, and access to other financial wellness resources.

Thanks to this week’s strategic investment, and Remynt’s new status as a CUSO, the company will be able to quickly scale its solutions to support more credit unions and help them achieve economies of scale and operational efficiencies through shared resources and specialized expertise.

“Our partnership with Remynt aligns with our mission to create meaningful community impact by providing access to equitable and innovative financial solutions,” One Washington Financial Principal Scott Daukas said. “By including Remynt as part of WSECU’s financial wellness strategy, we directly contribute to our members’ financial stability, growth, and development.”

I caught up with Gwyneth Borden late last week to talk about Remynt’s investment news, its goals as a CUSO, and what credit unions want—and need—from their fintech partners. An edited transcript of our conversation is below.


As a small business owner in this space, how did you feel about 2025 as the year began?

Gwyneth Borden: I think there had been this sense of optimism. The stock market was going up. People thought things were going to be moving in a better direction.

And so I think we were optimistic going into 2025, initially thinking that consumer confidence had diminished and that 2025 might be a better year if people felt like things were moving in a different direction in the country and maybe that would be a positive thing.

Obviously what we didn’t anticipate were the tariffs, and the crazy back and forth and fluctuations in prices as a consequence. The uncertainty. People losing their jobs.

What’s interesting now is that this is kind of a wait-and-see economy. A lot of people are holding back. Talking with others—with credit unions or people in the collections world—typically tax season is a huge windfall. Everybody pays their debt off in the tax season and we didn’t really see that this year.

Why become a CUSO—a Credit Union Service Organization—now?

Borden: A big part of it, of course, is that we were fortunate to get an investment from One Washington Financial, which is WSECU. And in order to accept that investment, you have to be a CUSO, a credit union service organization. That was fine with us because it very much was aligned—from the very beginning—with our focus on supporting credit unions. We’re just delighted about the opportunity, to really stake our claim in the credit union space and say, “We are really here to be your partner.”

We are especially interested in serving a lot of smaller credit unions; in fact, part of our goal for our CUSO is at least 20% of the credit unions we serve be smaller than $300 million. A lot of tech companies don’t want to serve those businesses because they find it not to be enough revenue or volume for them. But the way our platform is built, it doesn’t really matter if you have two members on the platform or hundreds of members on the platform. It doesn’t cost us any more.

We’re also excited about bringing on WSECU as a customer, as well. They are a $5 billion-plus credit union, so it’s a really exciting opportunity for us to really scale substantially the number of people that we’re getting to serve.

Based on your conversations, what is it that credit unions want—or need—most from their fintech partners?

Borden: For credit unions in general, most of them are really trying to figure out how they can grow their businesses. Every single financial institution, including credit unions, makes money from lending. And in these precarious times, being able still to lend and provide the products people need for their lives (is important). A lot of them are starting to ask: Do we do small dollar loans? Are there credit voucher products? They are looking to see how they can expand their services to better serve the communities around them.

What can we expect to see and hear from Remynt over the balance of the year and into the next?

Borden: We are going to be expanding exponentially and bringing on more credit unions. We are going to release a white-label version of our platform in the latter part of the year that includes some AI agents. So it’s kind of an exciting development in the digital collections space. You’ll see a number of developments on our platform that we’ll be launching later this year, as well as some exciting partnerships with additional credit unions. We’re really staking our claim in a particular area in the credit union space, which I’m really excited about.

Insuretech Company bolttech Raises $147 Million at a $2.1 Billion Valuation

Insuretech Company bolttech Raises $147 Million at a $2.1 Billion Valuation
  • bolttech raised $147 million in a Series C round, bringing its total funding to over $690 million and boosting its valuation to $2.1 billion.
  • Sumitomo joined as a strategic investor and partner, forming a joint venture with bolttech to expand embedded insurance across Asia.
  • bolttech’s platform powers embedded insurance for industries like telecom, e-commerce, and banking, making insurance a seamless part of the digital buying experience.

Singapore-based insurtech company bolttech announced this week that it has closed its Series C round after raising $147 million.

Closing out today’s round were Sumitomo Corporation and Iberis Capital as strategic investors. The funds bring bolttech’s total funding to somewhere north of $690 million and boost the company’s valuation to $2.1 billion. Previous investors to the Series C round are Dragon Fund, Baillie Gifford, Generali’s Lion River, and others.

For its part, Sumitomo Corporation has not just become a strategic investor, but it has also entered a joint venture with bolttech to deliver embedded insurance programs for its Asia-based partners. This signals not only a financial endorsement but also a strategic distribution partnership in Asia, which is generally a region ripe for fintech growth.

“We are thrilled to join forces with bolttech—both as a strategic investor and through our joint venture,” said Sumitomo Group CEO of Media & Digital Group Shinichi Kato. “We are confident that this partnership will enable us to work closely with the bolttech team to drive growth and innovation across the Asia region.”

Founded in 2020, bolttech operates an embedded insurance platform. The company allows clients in telecom, banking, e-commerce, and retail to embed insurance offerings within their existing customer journeys. For example, a customer purchasing a mobile phone online might be offered device protection at checkout, powered by bolttech’s infrastructure. bolttech supports this with a modular tech stack that includes product recommendation engines, policy administration, claims management, and partner onboarding. The company works with hundreds of insurers and partners across industries, serving millions of customers in 37 markets across four continents.

bolttech anticipates that the Series C round will enable it to enhance the platform’s capabilities and accelerate its global growth strategy, making insurance more personalized, accessible, affordable, and convenient for customers.

“We are delighted to welcome our newest strategic investors Sumitomo Corporation and Iberis Capital as we successfully close our Series C,” said bolttech Group CEO Rob Schimek. “This investment is a strong endorsement of our unique business proposition, reinforcing our commitment to enabling a better insurance experience for customers worldwide. We are excited to continue our journey to build the future of insurance, working towards our vision of connecting people with more ways to protect the things they value.”

The funding shows increased interest in embedded insurance, which is rising to become one of the fastest-growing sectors within insurtech. As embedded finance matures, bolttech’s ability to plug insurance directly into partner platforms helps make insurance an invisible part of the digital customer experience.


Photo by Vlad Deep on Unsplash

Token.io Receives Strategic Investment from HSBC

Token.io Receives Strategic Investment from HSBC
  • Account-to-account (A2A) payment infrastructure company Token.io has received a strategic investment from HSBC. The amount was not disclosed.
  • The investment underscores the two companies’ history of collaboration, which includes Token.io’s support for HSBC’s Open Payments solution.
  • Token.io made its Finovate debut at FinovateSpring 2015 and returned to the Finovate stage two years later for FinovateEurope in London.

Token.io, an account-to-account (A2A) payment infrastructure innovator, secured a strategic investment from HSBC this week. The amount of the funding was not disclosed. The two firms have been partners since 2019, when Token.io helped the bank launch its HSBC Open Payments solution.

“We are excited to deepen our partnership with HSBC as we embark on this collaboration,” Token.io CEO Todd Clyde said. “This investment will not only accelerate Token.io’s growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method—delivering benefits for HSBC’s customers across the region.”

Pay by Bank is a payments service that gives customers a secure, fast, and convenient way to conduct peer-to-peer payments, account deposits, and loan repayments, as well as securely authenticate transactions via their banking app. Supported by open banking and real-time payment infrastructure, Token.io’s technology makes the service available to anyone with a UK or European bank account. In a statement, the company noted that analysts believe in the future growth of Pay by Bank, predicting that three-in-four Europeans will be regular Pay by Bank users by 2029. In fact, by 2030, analysts estimate that use of Pay by Bank for e-commerce transactions in Europe will become more popular than all other digital payment options, with the exception of digital wallets.

HSBC’s Open Payments solution is based on this infrastructure. The technology enables businesses to connect their checkout pages with online apps or mobile platforms used by customers. Purchasers are given a request for pre-populated payments and, once the payment is authorized, the seller is granted an “instant and irrevocable credit” to their account. The new offering helps businesses get working capital faster and keeps both the risk of fraud and the cost of collections low.

“Our investment in Token.io reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers,” HSBC Head of Global Payments Solutions Manish Kohli said.

Founded in 2015 and headquartered in San Francisco, California, Token.io made its Finovate debut at FinovateSpring 2015 and returned two years later to demo its latest technology at FinovateEurope in London. A major account-to-account payment infrastructure provider for banks and other financial institutions, Token.io’s partners include three of the largest financial institutions in Europe as well as companies such as Global Payments and fellow Finovate alums Mastercard and ACI Worldwide.

Last month, Token.io became the first third-party provider to be admitted to the giroAPI scheme. This will enable the company to provide account-to-account payment solutions to its partners—including micropayments that are exempt from Strong Customer Authentication (SCA) requirements. Launched by the German Banking Industry Committee associations—BVR, DSGV, VÖB, and the Association of German Banks—at the beginning of the year, the API scheme is built on the Berlin Group’s openFinance API framework and provides a standardized, secure, and commercially governed interface to connect banks with third-party providers such as Token.io.

“By joining giroAPI, Token.io is enabling the next wave of premium, API-driven payment services—making it easier for businesses to offer innovative payment options and for consumers to benefit from seamless, secure experiences,” Token.io Chief Product Officer Charles Damen said. “We are proud to lead the way in bringing the full potential of open banking-enabled payments to the European market.”


Photo by Franco Monsalvo

FISPAN Locks in $30 Million in Series B Funding

FISPAN Locks in $30 Million in Series B Funding
  • Embedded ERP banking innovator FISPAN secured $30 million in Series B funding.
  • The round was led by Canapi Ventures and featured participation from existing investors, including Rhino Ventures.
  • FISPAN most recently demoed its technology at FinovateEurope 2022 in London.

In a round led by Canapi Ventures, embedded ERP banking specialist FISPAN has raised $30 million in Series B funding. Existing investors, including Rhino Ventures, also participated in the round. In a statement, the company said that the funds will help FISPAN expand the set of ERP platforms it supports, add actionable insights to its Accounts Payables solution, and launch a new Accounts Receivables automation product. In addition to accelerated product development, FISPAN noted that the capital will help the firm scale its go-to-market efforts and expand its market reach as well as support strategic talent acquisition.

FISPAN helps businesses integrate banking services directly into their enterprise resource planning (ERP) systems and accounting software. The company helps banks maximize their investments in host-to-host and API platforms that have enabled large businesses to experience greater productivity by connecting to their financial institutions directly. FISPAN’s technology packages these connectivity capabilities to empower banks to deliver their treasury products to mid-market and smaller businesses by way of an easy-to-install, out-of-the-box, in-ERP plugin. This empowers banks to offer integrated client experiences via financial and banking capabilities that are embedded directly into their existing ERP systems. This facilitates centralized financial workflows, automated processes, and fewer manual errors for businesses.

“This Series B funding is a pivotal moment for FISPAN, empowering us to significantly scale our innovation and market reach,” FISPAN Founder and CEO Lisa Shields said. “Canapi quickly distinguished themselves through their understanding of the embedded ERP banking landscape and our unique opportunity within it. With an LP network of over 75 financial institutions—and partners with banktech operating expertise—Canapi is a natural partner for our next chapter. We’re excited to work with Canapi to help more treasury teams optimize their operations.”

A multi-stage venture capital firm, Canapi Ventures invests in fintech and enterprise software and is backed by the Canapi Alliance, whose network of leading financial institutions stretches across the US. As part of its investment in FISPAN, Canapi Ventures’ General Partner Tom Davis will join the company’s board of directors.

“FISPAN is at the forefront of a fundamental shift in how businesses interact with their banks,” Canapi Ventures General Partner Tom Davis said. “Their proven ability to deliver highly sought-after embedded finance solutions positions them for tremendous growth. Our investment reflects our confidence in their visionary team and their capacity to build a leading platform that drives efficiency and value for both financial institutions and their corporate clients.”

Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FISPAN made its Finovate debut in 2017 at FinovateFall in New York and most recently demoed its technology at FinovateEurope 2022 in London. The company counts the world’s largest banks and nearly 5,000 businesses throughout North America among its customers. FISPAN began 2025 announcing that partner BMO had launched its embedded banking solution, BMO Sync. The new offering will enable businesses to automate payments, streamline workflows, and achieve enhanced cash flow visibility to simplify the payments process.


Photo by Kyle Ryan on Unsplash

Scalable Capital Secures €155 Million in its Largest Funding Round to Date

Scalable Capital Secures €155 Million in its Largest Funding Round to Date

Digital wealth management and investing platform Scalable Capital has raised €155 million ($175 million). The largest funding round in the company’s history, the investment was led by Sofina and Noteus Partners, and featured participation from existing investors Balderton Capital, Tencent, and HV Capital. The funding brings Scalable Capital’s total raised to more than €470 million (more than $535 million).

Among Europe’s leading digital investment platforms, Scalable Capital enables traders and investors to buy and sell stocks, exchange-traded funds (ETFs), bonds, cryptocurrencies, derivatives, private equity, and other products. More than €30 billion is held on the Scalable Capital platform by more than one million customers. The company also offers Scalable Wealth, a digital wealth management service that provides clients with professional ETF portfolio investment. The service is also available as a white-label solution via Scalable Capital’s B2B partners.

“Noteus Partners and Sofina perfectly complement our global investor base. The recent funding round is a clear endorsement, and an important step on our path to becoming the leading retail investment platform in Europe,” Scalable Capital Founder and Co-CEO Erik Podzuweit said. “Through our investment platform and additional new products, we’ll be able to offer even more people in Europe the best options for their investments. We have a firm focus on wealth creation and saving for retirement for the whole family.”

Scalable Capital began the year with the launch of its private equity offering courtesy of a partnership with BlackRock. Available to Scalable Capital’s qualified investors in Germany via Scalable Broker, investors will be able to access the BlackRock Private Equity Fund, and invest with one-off investments of as little as €10,000. Scalable Capital is the first digital investment platform to offer the private equity solution from BlackRock, which is also available as a savings plan once the initial investment is made.

More recently, Scalable Capital announced that its clients can invest in Swiss stocks as of May 2, 2025. Tradable via the European Investor Exchange, gettex, and Xetra, access to Swiss stocks comes after more than five years of suspension from EU stock exchanges. Previously, EU investors were only able to invest in Swiss shares indirectly through products such as American Depository Receipts (ADRs) or by way of over-the-counter trading options. Revocation of this regulation went into effect at the beginning of the month.

“The Swiss stock exchange has much more to offer than the three big dividend aristocrats,” Scalable Capital Chief Economist Christian Röhl said, referring to Nestlé, Roche, and Novartis, three of the largest stocks in the Swiss stock market. “In addition to many financial stocks and special stocks such as mountain railways, there are numerous highly specialized market and technology leaders—such as the hearing aid manufacturer Sonova, the dental technician Straumann or the sanitary product manufacturer Geberit.”

Scalable Capital made its Finovate debut at FinovateEurope 2016 in London. Headquartered in Munich, Germany, and London, UK, the company was founded in 2014.


Photo by Pixabay

Greenlite AI Lands $15 Million in Series A Funding

Greenlite AI Lands $15 Million in Series A Funding
  • Greenlite AI raised $15 million in Series A funding led by Greylock to expand its agentic AI platform for compliance automation in financial services.
  • The company’s AI agents automate KYC, AML, and sanctions workflows while embedding regulatory guidance into every process via its proprietary Trust Infrastructure.
  • Customers like Ramp, Betterment, and Mercury report 3x to 4x ROI within 12 weeks, as Greenlite helps them scale compliance efforts without adding headcount.

Agentic AI platform for financial services Greenlite AI has raised $15 million in Series A funding this week. Led by Greylock, the investment brings the San Francisco-based company’s total raised to $20 million. Thomson Reuters, Canvas Prime, Y Combinator, and other angel investors also participated.

Greenlite was founded in 2023 to help financial services companies automate manual work. The company’s screening alerts, transaction monitoring alerts, customer due diligence, and enhanced due diligence tools help automate Know Your Customer (KYC), Anti-Money Laundering (AML), and sanctions compliance. Greenlite’s AI agents also manage alert triage, customer risk scoring, and transaction monitoring to free up compliance teams to focus on proactive risk management, regulatory strategy, and customer insight.

These solutions are built around its Trust Infrastructure, a system that embeds US federal banking regulatory guidance into every AI agent. The system enables automated workflows to meet strict requirements for validation, testing, and accuracy, which allows firms to scale their AI-based staff members.

“With regulatory pressure mounting and margins tightening, compliance teams can’t keep throwing headcount at the problem,” said Greenlite AI CEO and Co-Founder Will Lawrence. “They need automation that’s not just powerful, but accountable. That’s exactly what Greenlite AI delivers—AI agents built on a foundation of regulatory trust, ready to take on the front lines of financial crime and compliance.”

Greenlite will use the new funding to scale its Trust Infrastructure, which it anticipates will become the industry standard for generative AI accuracy and model validation. The funds will also be used to invest in new agent archetypes, expand the company’s regulatory presence, and grow its teams to onboard more clients.

With Greylock’s backing, Greenlite will be among a portfolio of fresh AI and infrastructure startups. The investment underscores current investor confidence in agentic AI’s role in enterprise compliance. “Greenlite AI’s agents are reducing the manual burden on compliance teams, and their unparalleled accuracy is helping organizations scale without adding headcount,” said Greylock Partner and Greenlite AI Board Member Seth Rosenberg. “It is a privilege to be partners to Will and team, and we’re proud to double down on our support of the company as they raise the bar for what trustworthy compliance looks like in today’s AI era.”

As financial institutions face rising regulatory scrutiny, evolving typologies of financial crime, and a shortage of qualified compliance staff, many are overwhelmed by the volume of alerts and manual review requirements. Greenlite AI aims to address this operational strain by embedding intelligence directly into compliance workflows. The company reports that its clients see a 3x to 4x return on investment within just 12 weeks, driven by reduced manual workload and faster case resolution. Among Greenlite’s customers are Ramp, Mercury, Betterment, Gusto, RSM UK, and multiple US banks.


Photo by Davis Sánchez

Best of Show Winner Solda.AI Raises $4 Million

Best of Show Winner Solda.AI Raises $4 Million
  • AI-powered sales technology provider Solda.AI has raised $4 million in seed funding.
  • The round was led by Accel and included participation from AltaIR Capital.
  • Solda.AI won Best of Show in its Finovate debut at FinovateSpring 2025 in San Diego, California.

Solda.AI, an innovator in AI sales for fintech that won Best of Show in its Finovate debut at FinovateSpring last week, has announced $4 million in new funding. The seed round was led by Accel and featured participation from AltaIR Capital. The company will use the capital to further develop its fleet of AI agents, forge partnerships with more businesses around the world, and continue to transform international sales processes.

“At Solda.AI, we believe that the future of telesales is AI,” Solda.AI CEO and Co-Founder Sergey Shalaev said. “Our vision is for voice agent-powered sales that generate revenue and provide real ROI, and we believe that we’re the first and only company to deliver this. We have already seamlessly integrated our agents into 20 partners’ sales channels, and are delighted to announce this seed funding led by Accel to help us collaborate with more businesses and take phone sales into the age of AI.”

Solda.AI offers fully autonomous, AI-powered voice agents that can operate a business’s entire telesales cycle at scale, processing 10,000 leads a day to make sales calls, follow-up calls, return calls, and close deals. The agents can engage leads after two weeks of sales call and script training, which compares favorably with human call center agents, only 10% of whom achieve proficiency in less than two months.

Solda.AI’s agents have a 1% AI detection rate and, at peak hours, can manage 100 phone lines simultaneously. The agents are multilingual, and can currently conduct sales-based conversations in both US and UK English, French, German, Spanish, and Portuguese. The agents can even distinguish between European and Latin American versions of Spanish (as spoken in Mexico, for example) and Portuguese (as spoken in Brazil). Companies deploying Solda.AI’s technology have benefited from a 30% cost efficiency gain compared to call centers. Solda.AI reports that its agents generated $7 million in incremental revenue for clients last year and are on target to deliver $30 million in 2025.

“When we first met Sergey and the Solda.AI team, we were blown away by the AI voice agents’ human-like attributes and ability to not only handle complex conversations, but also close deals on the spot,” Accel partner Zhenya Loginov said. “Solda.AI’s technology has the potential to completely revolutionize the telesales market, with the team using AI to redefine sales automation from scratch.”

Headquartered in Middletown, Delaware, Solda.AI demoed its technology at FinovateSpring 2025 in May, winning Best of Show. At the conference, the company showed how its AI sales agents automate the sales process while delivering human-like, personalized, on-brand interactions that produce conversion rates up to twice those of traditional methods. Solda.AI’s technology helps fintechs and banks automate onboarding, upsell, KYC, and retention calls with less than 1% AI detection at 60% of the cost.


Photo by Petr Macháček on Unsplash

Investing App Stash Raises $146 Million

Investing App Stash Raises $146 Million
  • Investing app Stash has raised $146 million in Series H funding. The oversubscribed round was led by Goodwater Capital.
  • Stash will use the funds to drive subscriber growth, accelerate product innovation, and enhance the firm’s AI capabilities.
  • Founded in 2015, New York-based Stash made its Finovate debut at FinovateFall 2017.

Investing platform Stash secured $146 million in Series H funding. The oversubscribed round was led by Goodwater Capital and featured participation from existing investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation. Funds and accounts advised by T. Rowe Price Investment Management, Inc, were also involved in the round.

The investment will help the New York-based fintech bring its financial guidance to a broader range of customers and boost the firm’s investment in AI to enhance its advisory capabilities.

“This new funding is a resounding vote of confidence in Stash’s vision for the future of personal finance,” Stash Co-Founder and Co-CEO Ed Robinson said. “For a decade, Stash has helped millions take control of their financial futures. Now, we’re doubling down—transforming how people save, invest, and build long-term wealth with AI-powered intelligence at the core. We’re just getting started.”

The centerpiece of Stash’s growth strategy is Money Coach AI, the company’s advanced financial guidance platform. Money Coach AI converts investing strategies into real-time, personalized recommendations for investors. Stash reports that the offering already has 2.2 million users who have put Money Coach AI to work helping select their first investments, generating personalized diversification suggestions, and more. Further, Stash notes that one in four Money Coach AI customers have taken proactive steps—making an investment, depositing funds, diversifying, or initiating Auto-Stash automatic payments—within 10 minutes of interaction with the platform.

“For too long, financial advice has been out of reach for everyday people. Stash’s mission has always been to change that,” Co-Founder and Co-CEO Brandon Krieg said. “Now, by leveraging the power of AI, Stash is helping people take control of their money, understand their options, build real wealth, and secure their financial future, no matter where they’re starting from.”

Celebrating its 10-year anniversary this year, Stash made its Finovate debut at FinovateFall 2017. At the conference, the company unveiled its low-fee, self-directed Roth IRA accounts as part of its Stash Retire offering. Today, Stash has 1.3 million paying subscribers and $4.3 billion in assets under management. The company’s funding announcement follows the launch of its Learn & Earn initiative, which offers users short, actionable financial lessons combined with stock rewards and personalized next-step guidance. Stash also reported recently that the platform has added the AIS ETF from Jon McNeill and Adam Patti VistaShares. The exchange-traded fund provides exposure to 80 public stocks that reflect the entire AI supply chain, from chip manufacturers and data centers to storage and high-voltage electrical equipment providers.

“For our community of Stashers this means participating in the AI revolution the Stash way—regularly investing small amounts into a diversified portfolio for long-term growth,” Krieg noted in a LinkedIn post last month. “Tech advances should create opportunities for all of us, not just the privileged few. The AIS ETF is one other way we’re making that happen, letting our community build wealth by being part of the AI supercycle.”


Photo by Yashowardhan Singh on Unsplash