Polymarket Set For $200M Raise at $1B Valuation
Weekly Funding news up to Friday, 27th of June 2025.
WEEKLY FUNDRAISING ACTIVITY
Over the last week, there were 12 FinTech deals in Europe, raising a total of €120 million: three deals in the UK, three in France, two in Germany, and one deal each in Italy, Finland, Sweden, and the Netherlands.
👀 NEWS HIGHLIGHT
Zama the open-source cryptography company building state-of-the-art FHE solutions for blockchain announced a $57 million Series B funding round co-led by US-based investment firms Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million, and its valuation to north of a billion USD.
The new funding will support Zama’s mainnet launch, ecosystem adoption and research efforts to make financial applications built with FHE scale to thousands of transactions per second.
🤝 M&As
CUBE acquires Acin to launch integrated risk and compliance solution. The acquisition enhances CUBE’s technology stack and market positioning, introducing new capabilities such as automated control-to-regulation mapping, full traceability, and anonymised industry-wide benchmarking.
Amazon exercises option to acquire stake in FinTech firm Valu. Based on the terms and conditions, the transaction will result in Amazon owning approximately 3.95% of Valu. The transaction will be executed on the first trading session of Valu shares on the Egyptian Exchange at a price per Valu share through the block trade mechanism, following receipt of the necessary approval.
Pignataro’s ION plans to invest in Azimut-backed Italian FinTech FSI. ION’s purchase would reduce the stake taken by FSI. The deal is part of Azimut’s plan to spin off a portion of its advisers' network and merge it into a new digital bank. The new company will have about €26 billion in total assets.
Shift4 to acquire Australian payments leader Smartpay. Smartpay sells tailored payment solutions through an extensive distribution network across Australia and New Zealand, supporting a diverse base of more than 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025.
Capchase acquires Vartana to redefine the future of vendor financing. This strategic milestone positions Capchase as the clear category leader in modern vendor financing, uniquely equipped to increase access to working capital and accelerate sales in a heavily manual and outdated industry.
Acorns accelerates family strategy with acquisition of Zeta. With this acquisition, Acorns welcomes Zeta cofounders Kevin Hopkins and Aditi Shekar to the team. They bring deep experience in the couples and family space, which is especially meaningful as Acorns accelerates its family product strategy.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🎉 NOTABLE FUNDING ROUNDS
⭐️ New Zealand's Xero to buy US FinTech Melio for up to $3 billion.
⭐️ Polymarket set for $200M raise at $1B valuation.
⭐️ Humm Group shares soar after chair makes $286m acquisition bid.
⭐️ Monaco Bank With Ties to Prince Andrew Nears Sale to FinTech Investors.
Discover FinTech innovation across APAC. Stay informed with weekly updates—join now!
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Car finance FinTech Carmoola secures £300m. The partnership with NatWest and Chenavari Investment Managers triples its existing debt facility as it looks to rapidly scale its direct-to-consumer solution. It says the approach makes car finance simple, accessible and affordable.
EUROPE 🇪🇺
Flowdesk secures $100 million credit facility from Two Prime. The facility will support Flowdesk’s continued global expansion and capital-efficient trading infrastructure. Under the terms of the agreement, Two Prime will provide a multiple drawdown term loan facility in an aggregate principal amount of up to $100 million.
Financial marketplace for retirees Skarlett raises €8 million. With this new funding, it aims to launch its tailor-made financial products, improve the customer experience, leverage AI to enhance satisfaction, and deliver truly personalized recommendations.
USA 🇺🇸
Crypto startup Nook raises $2.5 million. The company will use the money raised in this round to fine-tune its technology and market, and distribute its product. It seeks to make it easier for non-crypto native users to increase the amount of their crypto holdings, which lets users lend their crypto to borrowers in exchange for interest.
Spinwheel raises $30M to streamline debt management. The company helps FinTech platforms and banks authenticate users, automate data retrieval, and facilitate payments, reducing the friction of managing consumer debt. Its unique feature is combining data aggregation capabilities with payment processing functionality.
CoinFund-backed Veda raises $18M as stablecoin yield becomes ‘inevitable’. The fresh funds will be used to accelerate the adoption of its vault platform, which enables asset issuers to build cross-chain yield products, including yield-bearing stablecoins.
Conquest planning raises $80 million series B led by Growth Equity at Goldman Sachs Alternatives. It will leverage this fresh capital to accelerate its U.S. expansion, while also funding the continued evolution of its AI-based Strategic Advice Manager (SAM).
Citadel Securities joins DRW in funding round for digital asset. Digital Asset Holdings LLC has raised $135 million from large financial firms to expand its engineering and product team and take advantage of increased activity in the blockchain space.
Quinn raises $11M for embedded financial planning. Quinn's platform allows banks, FinTechs, and wealth management platforms to democratize access to financial planning without adding headcount. Doing so can also increase customer retention and cross-sell opportunities, boosting overall customer lifetime value.
Digital Asset raises $135M to scale Canton blockchain network. Digital Asset said the funding is intended to accelerate the adoption of institutional and decentralised finance on its Canton Network. Continue reading
ASIA
NetGuardians and Intix merge to create transaction intelligence firm Vyntra. Vyntra integrates NetGuardians' financial crime prevention capabilities with Intix's transaction data visibility and analytics tech. The combined entity now serves over 130 financial institutions across more than 60 countries.
FinVolution to raise $130m to grow its global business. The offering will be made to qualified institutional investors and is subject to market conditions and standard closing procedures. Keep reading
UAE’s Related raises USD 8M to scale loyalty and rewards solutions from Saudi’s investment firm Equivator. The investment will fuel Related’s tech development in AI and blockchain while supporting Saudi Arabia’s FinTech and customer engagement goals.
AFRICA
Nigerian FinTech startup Hizo raises $100k seed funding. The funds will be used to boost its mission of simplifying intra-African money transfers, enabling users to send, receive, and spend local currencies seamlessly across borders. Keep reading