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Fintech

10x Banking raises £40m in debt and equity after turning profitable

10x Banking took £40m from AshGrove in debt and equity after its first profitable year. The structure, not the size, is the core banking reset.

Ambrook raises $30m with half its users new to software

Ambrook's $30m Series B is read as a QuickBooks challenge. Half its 8,000 customers never used accounting software at all — a market-expansion story.

FNZ sells €155bn-custody German bank to Advent consortium

FNZ agrees to sell FNZ Bank and its €155bn of assets under custody to an Advent-led consortium, framing as focus what the balance sheet calls capital relief.

Deluxe Acquires Celero for $625 Million in B2B Payments Consolidation Push

Deluxe closed its $625m Celero Commerce deal at roughly 11x EBITDA, richer than Worldpay's 8.5x. What that says about B2B payments consolidation in 2026.

Visa to buy BioCatch for $2.4bn to stop fraud before payment

Visa is buying behavioural biometrics firm BioCatch for $2.4bn in cash, moving fraud detection upstream of the payment as AI scams cost banks $1trn a year.

Natural rolls out agentic payments rails after $30m round

Natural begins rolling out payments infrastructure built for AI agents after a $30m Series A led by Forerunner - a direct bet against retrofitted card rails.

Cashea raises $100m as investors return to Venezuela

Venezuelan BNPL Cashea lands $100m from FinSight Ventures, Credicorp's Krealo and US endowments — the first big institutional bet on Venezuelan consumer fintech in a decade.

Stripe’s first employee turns Increase into an FDIC bank

Increase launches an FDIC-member bank from a $75m Washington lender — the clearest post-Synapse verdict on banking-as-a-service: own the charter.

Freehand raises $75m as AI agents take over supplier spend

Freehand has raised $75m co-led by Battery Ventures and NewRoad to scale AI agents running supplier spend for Meta, Unilever and Pfizer, cutting procure-to-pay cycles up to 70%.

InvestiFi raises $20m from the credit unions it serves

InvestiFi's $20m round is led by Vibe Credit Union and seven peers - customers as investors. Inside the credit-union push to reclaim deposits from apps.

Ominimo hits $1.6bn valuation on a $22.5m EBRD-led round

Ominimo raised $22.5m at a $1.6bn valuation, diluting barely 1.4%. The small cheque is the story: a profitable insurtech that does not need the money.

Payfinia taps MAP’s 100 credit unions for embedded payments

Payfinia's MAP deal puts its FedNow and RTP stack in front of 100+ credit unions. Embedded finance's growth edge is the cooperative sector, not platforms.

Ramp opens stablecoin accounts to all customers on Stripe rails

Ramp made stablecoin accounts generally available on July 21, built on Stripe's Bridge and Privy - renting the rails from a direct competitor.

Augustus raises $180m at $1bn to build a stablecoin clearing bank

Augustus raised $180m at a $1bn valuation led by Tiger Global to build an OCC-chartered stablecoin clearing bank - the third charter-backed raise in 90 days.

Payment orchestration consolidates as merchant PSP estates shrink

BR-DGE raised GBP 10m for payment orchestration as fintech capital concentrates into infrastructure - but the Stripe-PayPal deal would shrink the fragmentation orchestration sells against.

Nubank buys Banco Porto Real to keep ‘bank’ in its name

Nubank is buying a 1992 wholesale lender to satisfy a Brazilian naming rule. The charter is no longer what challengers route around - it is the asset they buy.

Klarna to power Apple Upgrade device leases from July 28

Apple Upgrade launches July 28 with Klarna behind it — a 36-month lease book that makes Klarna's US bank charter a funding necessity, not an optimisation.

Lloyds lends PremFina £400m as bank credit outpaces VC

Lloyds has lent PremFina £400m. In the week to July 17, credit facilities outraised equity two to one across fintech - much of it from bank balance sheets.

Fourthline and Veridas merge as fintech deal count falls 26%

Fourthline and Veridas will merge into a 115m-check identity platform as fintech funding rises 22.7% but deal counts fall 25.7%, concentrating capital.

Capital One open-sources VulnHunter with a model dependency

Capital One released its agentic code-security tool under Apache 2.0 on July 16. It requires Claude Opus 4.8, which makes 'open source' complicated.

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