Latest FinTech & Blockchain News
Global FinTech Funding Surges Past $1.45 Billion This Week
Global FinTech funding exceeded $1.45bn in a busy week despite the festive period, driven by major rounds including Saviynt's $700m Series B for identity-security, Airwallex's $330m, and 7AI's record $130m Series A. Other notable raises included Hnry ($30m+), CapRelease ($36m), Cynch AI ($9m), Equixly ($10m), Resemble AI ($13m), and Helmet Security ($9m).
Subsectors like Infrastructure & Enterprise Software led with nine deals, followed by RegTech with four.
Saviynt Secures Massive $700m Series B for AI Identity Platform
US identity-security platform Saviynt raised $700m in a headline Series B, topping the week's FinTech deals and highlighting investor focus on AI-first enterprise tools. This funding underscores strong activity in identity governance and autonomous security amid high deal volumes.
Saviynt's raise contributed significantly to the global total surpassing $1.45bn.
Airwallex Raises $330m in Major Global Financial Platform Round
Global financial platform Airwallex secured $330m, placing second in the week's top FinTech fundings as PayTech saw three deals. The raise reflects sustained investor interest in cross-border payments and embedded finance solutions.
It bolstered the week's impressive $1.45bn+ funding surge.
7AI Lands Record $130m Series A in Cybersecurity
Cybersecurity innovator 7AI raised $130m, the largest Series A ever in its sector, marking a key highlight in the week's FinTech investments. This funding aligns with nine deals in Infrastructure & Enterprise Software across multiple regions.
It contributed to the global funding total exceeding $1.45bn.
CapRelease Raises $36m to Expand Embedded Finance
UK-based logistics-embedded finance platform CapRelease secured $36m to grow its offerings, part of PayTech's three deals this week. The funding supports expansion in a subsector showing robust activity.
It added to the week's strong FinTech investment momentum totaling over $1.45bn.
Ripple, Circle, and BitGo Win Conditional US Crypto Bank Approvals
The US OCC granted conditional approval for national trust bank status to Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos, advancing crypto firms toward federal regulation. This allows direct access to federal oversight for stablecoin and custody functions, with Circle eyeing USDC compliance and Ripple for RLUSD.
Approvals signal deeper crypto integration into US finance, though final chartering requires further exams.
Circle Gains Approval for First National Currency Bank
Circle received conditional OCC approval for First National Currency Bank to handle stablecoin issuance and institutional custody under federal rules. CEO Jeremy Allaire noted it provides clarity as stablecoins enter mainstream.
This positions USDC within a robust federal framework, enhancing institutional trust.
BitGo, Fidelity, Paxos Secure Trust Bank Transitions
BitGo Bank & Trust, Fidelity Digital Assets, and Paxos Trust Company got conditional approvals to shift from state to national trust banks. These moves bring major custody players under federal supervision, setting compliance standards.
Coinbase also applied, indicating broader industry push for regulation.
Robinhood Dip Viewed as Buy Opportunity by ARK Invest
Robinhood's 9% stock dip on Dec 11 signals a strategic buy in FinTech and crypto, with ARK Invest adding $120m in shares amid volatility. ARK's purchases align with bets on undervalued digital assets and Robinhood's expansions into prediction markets and crypto custody.
Macro shifts like trade uncertainty create opportunities in underpenetrated sectors.
Bitcoin Price Trapped in Liquidity Sandwich Near $93K
Bitcoin hovers between $92,500-$93,800 in a tight range, squeezed between long liquidations above $94.5K-$95K and shorts below $90K-$91K per Coinglass data. Compressed volatility signals an impending sharp move as market makers target liquidity sweeps.
Traders anticipate a cascade triggering fast reversal after initial fakeout.
Safebooks Emerges from Stealth with $15m for Revenue Integrity AI
Safebooks raised $15m to overhaul enterprise revenue integrity using AI, leading RegTech deals alongside Cynch AI and others. The funding targets finance data compliance in a subsector with four rounds this week.
It contributes to Infrastructure & Enterprise Software's strong performance.
Cynch AI Secures $9m Led by True Global Ventures
AI-native tax automation firm Cynch AI raised $9m led by True Global Ventures, with backers like Permanent Capital and Clear Ventures. The equity round accelerates acquisition-led expansion in RegTech.
It highlights investor appetite for compliance automation solutions.