MD FinTech deals weekly: October 27- November 2

At MD Finance, we’re here to keep you informed and inspired by the latest trends shaping the global fintech landscape. Each week, we bring you key insights on major deals and funding rounds, making it easier for you to stay up to date with the industry’s most important developments.

Here are the major updates for the last week:

NORTH AMERICA

• Galaxy Digital, a technology-driven investment firm providing financial solutions across the digital assets ecosystem, raised $1.15B in a Post-IPO Debt round.

• Pagaya, a company enabling financial institutions to expand customer access through its artificial intelligence network, raised $500M in a Post-IPO Debt round.

• Wealthsimple, a fintech company offering digital financial services to help investors grow and manage their money, raised $393.04M in a Series E round led by Dragoneer Investment Group and GIC, with participation of CPP Investments, Greylock, ICONIQ Growth, IGM Financial, Meritech Capital Partners, Power Corporation of Canada.

• SavvyMoney, a fintech platform that partners with banks to provide customers with free credit scores and financial wellness tools, raised $225M in a Private Equity round led by Canapi Ventures and PSG Equity, with participation of Spectrum Equity and TransUnion.

• Wealthsimple, a fintech company offering digital financial services to help investors grow and manage their money, raised $142.93M in a Secondary Market round led by CPP Investments, with participation of Dragoneer Investment Group, GIC, Greylock, ICONIQ Growth, IGM Financial, Meritech Capital Partners, Power Corporation of Canada.

• Drip Capital, a digital platform providing global trade financing for SMEs and large enterprises, raised $50M in a Debt Financing round led by Toronto Dominion Bank Group.

• Cylerity, a financial services company, raised $4M in a Seed round led by C2 Ventures, with participation of HealthX Ventures, Tundra Angels, Upstream Ventures, Wisconsin Investment Partners.

• Fortun, a fintech company serving underserved and minority-owned businesses by providing access to capital and liquidity, raised $3.16M in a Post-IPO Debt round.

• Loon, a fintech startup developing a regulated and transparent Canadian-dollar stablecoin, raised $2.15M in a Pre-Seed round led by Version One Ventures, with participation of Garage Capital.

• Rogo, a secure generative AI platform built for elite financial institutions, raised an undisclosed amount in a Venture round led by Sequoia Capital.

• Cylerity, a financial services company, raised an undisclosed amount in a Debt Financing round led by First Business Bank.

• Kraken, a cryptocurrency exchange platform offering parachain auctions, staking and index services, raised an undisclosed amount in a Venture round led by C1Fund.

EUROPE

• Hercle, an institutional-grade infrastructure platform bridging fiat, digital assets and stablecoins for global money movement, raised $50M in a Debt Financing round.

• Hercle, an institutional-grade infrastructure platform bridging fiat, digital assets and stablecoins for global money movement, raised $10M in a Venture round led by F-Prime, with participation of Exponential Science and Fulgur Ventures.

• Obligate, a platform that enables companies to issue on-chain bonds and commercial paper to receive funding from investors in a regulated DeFi environment, raised $3M in a Venture round led by Exponential Science, with participation of Khalid Ferdous Howladar, Seamus Donoghue, Yuval Rooz.

• Rivellium, an AI-driven fintech platform connecting retail investors with verified, revenue-generating SMEs globally, raised $50K in a Pre-Seed round.

• CBCX, a company providing multi-asset liquidity and trading solutions for brokers and institutions through advanced platforms and APIs, raised an undisclosed amount in a Funding round led by Adrian Cheng.

APAC

• PhonePe, a digital payments and financial services company that offers a mobile application for money transfers, raised $600M in a Secondary Market round led by General Atlantic.

• FundPark, a fintech scale-up helping digital entrepreneurs unlock growth and access capital, raised $71M in a Venture round led by Alpha Nova Capital Management, with participation of Radiant Tech Ventures.

• Jupiter, a digital banking app that offers spending insights and tools to help users manage their finances, raised $15M in a Venture round led by 3one4 Capital, with participation of BEENEXT, Jitendra Gupta, Mirae Asset Venture Investment.

• ZAR, a financial software company developing a digital dollar wallet to bridge cash-based economies with Web3, raised $12.9M in a Venture round led by a16z crypto, with participation of Coinbase Ventures, Dragonfly Capital, Endeavor Catalyst, VanEck.

• Metalpha Technology Holding Limited, a global crypto-based wealth management company, raised $12M in a Post-IPO Equity round led by Avenir Group, with participation of Gortune International Investment Limited Partnership.

• BigTech Plus, a real estate information-based fintech company, raised $3.98M in a Series A round led by Korea Investment Partners, with participation of HG Initiative, Kakaobank, Korea Credit Information.

• SecurePII, securing PII and credit card data in VoIP and chat channels to enable AI and LLMs to operate in a data-privacy compliant manner, raised $3.5M in a Seed round led by Tidal Ventures.

• FundPark, a fintech scale-up helping digital entrepreneurs access growth capital, raised an undisclosed amount in a Debt Financing round led by Ares Management.

• Noviscient, a next-generation investment manager providing technology-driven performance and structural alignment for clients, raised an undisclosed amount in a Venture round led by Fairlight Capital.

MENA

• Skrooge.ai, an AI-enabled accounting service, raised $1.85M in a Seed round.

• Tabby, a payments and shopping app that enables customers to make purchases and pay in installments, raised an undisclosed amount in a Secondary Market round led by Boyu Capital and HSG.

• Optasia, a fintech company developing airtime credit and mobile value-added services for mobile operators and financial institutions, raised an undisclosed amount in a Corporate round led by FirstRand Limited.

• Klaim, a healthcare fintech company providing fast payment solutions to boost healthcare providers' cash flow, raised an undisclosed amount in a Corporate round led by Claritev Corporation.

• nSure.ai, a company providing AI and machine learning models to combat fraud in high-risk digital transactions, raised an undisclosed amount, led by Deloitte Launchpad.

Each deal in this roundup reflects more than market movement. It shows how capital is strategically aligning with emerging technologies, scalable models, and untapped geographies.

At MD Finance, we continue to monitor these signals each week to identify where value is being created and where the next opportunity lies.