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Pagaya, an AI-powered consumer lending platform, closed a $460 million revolving personal loan facility backed by loans originated on its network. The company expects the facility to deploy about $850 million over its 24-month revolving period.
In venture financing, Numeral raised $100 million for its AI-powered sales tax compliance platform, and Go.AI raised $85 million to provide on-premises AI infrastructure to banks and other regulated businesses.
Payments and digital assets followed: Space Labs received a $50 million strategic investment, HIFI raised $37 million, and Egypt’s Paymob secured $35 million.
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Stat of the Week
Nearly 6 in 10 U.S. adults (56%) said they would consider using stablecoins to send money abroad if the coins came with bank-level fraud protection and deposit insurance, compared to 36% without those protections, per research from Visa. The protections were hypothetical; stablecoins are not currently covered by deposit insurance.
Venture Financing
Numeral, an AI-powered sales tax compliance platform, raised $100 million in a Series C.
Go.AI, a Chicago-based provider of on-premises AI infrastructure for banks and other regulated businesses, raised $85 million in a Series A.
Space Labs, a blockchain infrastructure company, received a $50 million strategic investment from Windsor Capital.
HIFI, a stablecoin payments and tokenized-assets platform, raised $37 million in a Series A.
Paymob, an Egyptian payments provider, raised $35 million in a pre-Series C co-led by Mubadala and the EBRD.
CellPoint, a payments platform for airlines and hospitality companies, secured $34 million from Toscafund.
Trebellar, an AI platform for corporate real estate teams, raised $18 million in a Series A.
Corridor, a health-benefits brokerage for small businesses, raised $16 million in seed funding led by Bain Capital Ventures.
IPID, a payments intelligence platform, raised $16 million in a Series A with participation from Citi and HSBC.
NG.CASH, a Brazilian digital-account provider “rooted in the creator economy” raised $15 million in a strategic round led by Blockchain Capital.
Atum, a network for global money movement, launched with $13.5 million in funding.
Monetary Metals, a marketplace for earning yield on gold and silver, raised $10.5 million in equity financing.
Sprive, a U.K. mortgage-overpayment app, raised £7.7 million ($10 million) in a Series A.
Mika, a German AI-powered tax and accounting platform for small businesses, raised about €6 million ($6.8 million) in seed funding.
Benford, a technology-enabled financial audit firm, raised €5 million ($5.7 million) in pre-seed funding.
Beagle Labs, an AI-powered property intelligence platform for insurers, raised $4.1 million in pre-seed funding.
Snag, a marketplace for sublets and short-term rentals, raised $4 million in seed funding.
Jar, an Indian gold-savings platform, raised about $3 million (₹29 crore) in a Series B2 round.
infiniFi, an on-chain yield protocol, raised more than $3 million in new funding.
Definedge Securities, an Indian trading and investment platform, raised about ₹22 crore ($2.3 million) in a pre-Series A.
Crux Analytics, a sales platform for community banks and credit unions, raised $2.2 million in seed funding.
Duqu, a Dutch invoice-financing platform, raised €1.5 million ($1.7 million) in pre-seed funding.
DANA, an Indonesian digital financial platform, received an undisclosed investment from 01Fintech.
Rising Tide, a technology-backed network of property management companies, closed an undisclosed seed round.
TalMal, a Saudi salary-backed purchasing platform, closed an undisclosed pre-seed round.
Debt Financing
Pagaya closed a $460 million revolving personal loan facility backed by consumer loans originated on its network; the company said the transaction will deploy approximately $850 million in total capital over a 24-month revolving period.
Fox Ridge Capital, a U.S. commercial lender, closed a $75 million revolving credit facility with DZ BANK to support equipment-finance originations.
FintechOS, a financial-product operations platform for banks and insurers, raised $28 million in combined equity and debt financing.
Mirai RiskTech, a Spanish bank balance-sheet management platform, secured up to €5 million ($5.7 million) in venture debt from Inveready, to be drawn in tranches as it meets business milestones.
Tenora, a U.K. corporate treasury and FX platform, secured a £2 million ($2.6 million) funding line from Fexco, alongside £5.5 million ($7.3 million) in equity investment.
Venture Funds
Breed VC raised $15 million for its second early-stage crypto fund, which will back startups building open financial infrastructure and decentralized AI.
AATech and Lazio Innova committed €2.5 million ($2.84 million) to an accelerator program that plans to invest in five startups developing AI technology for financial services in Italy’s Lazio region.
