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New this week: Digital Asset raised $355 million to push Canton deeper into regulated capital markets, a sign that onchain infrastructure is finding its footing in traditional finance.
Canadian companies had a big week, with nesto closing around $220 million to scale its AI-powered mortgage platform and neobank. Speaking of neobanks, KOHO raised around $93 million with backing from Tobi Lütke, co-founder of Shopify, and Affirm COO Michael Linford.
Digital banking platform Current secured $80 million at a $1.5 billion valuation off three straight years of more than 70% growth. Agentic AI continues to attract capital, with use cases that include construction payments and private credit underwriting.
Please find another week of fintech financing events below.
Have feedback for us? Let us know, or reach out to @nikmilanovic, @twifintech, or @ndm.
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Stat of the Week
BNPL providers originated close to $160 billion of consumer credit in 2025, with pay‑in‑4 plans making up roughly half of that volume, according to new Federal Reserve research on the BNPL market published this month.
Venture Financing
Digital Asset raised $355 million led by a16z crypto to accelerate Canton's role as onchain infrastructure for regulated capital markets, with backing from HSBC, BNP Paribas, Citadel Securities, Apollo, CME Ventures, and S&P Global.
nesto closed CAD$302 million ($220 million) in a Series E at a CAD$1.47 billion valuation to scale its AI-powered mortgage platform across Canada.
Beacon raised $225 million in a Series C to deploy its AI-native operating system across real-economy businesses.
Morpho raised $175 million co-led by Paradigm, a16z crypto, and Ribbit to build open onchain credit infrastructure for banks and asset managers.
KOHO raised CAD$130 million ($93 million) at a CAD$1.33 billion valuation, backed by Shopify's Tobi Lütke and Mubadala, as the company pursues a federal banking license in Canada.
Current secured $80 million in a Series E at a $1.5 billion valuation off three consecutive years of 70-plus percent growth.
Climate First Bancorp closed a $67 million strategic round led by Wellington Management and AllianceBernstein to expand its climate-focused banking platform.
Hypha emerged from stealth with $50 million to unify fragmented investment workflows across private credit, private equity, and real estate into a single AI-native asset intelligence platform.
EDGE Markets raised $29.2 million in a Series A led by CoinFund to build a dedicated banking platform and payment rail for market makers in prediction markets and gaming.
Earlytrade raised $25 million to deploy agentic AI across its subcontractor payments marketplace for the construction industry.
F2 raised $24 million to scale its agentic AI underwriting and portfolio monitoring platform across private credit funds and commercial banks.
Vinyl Equity raised $20 million in a Series A led by Jump Capital to replace legacy transfer agent and capital markets infrastructure for public and private issuers.
Capsa AI raised $18 million in a Series A to build its AI operating system for private capital firms across sourcing, due diligence, and portfolio monitoring.
SyntheticFi raised $13 million to help RIAs deliver tax-efficient, portfolio-backed financing strategies like box spreads to a wider client base.
Trustap raised $10 million led by Aperture Capital to launch Trustap Index, making marketplace listings transactable by AI shopping agents.
Rivvun AI raised $7.55 million in an oversubscribed seed round to deploy autonomous AI that recovers enterprise revenue lost between contract obligation and settlement.
MNX raised $6.4 million in pre-seed at a $40 million valuation to build a decentralized AI-economy futures exchange on MegaETH offering perpetuals on AI lab valuations, compute power, and electricity prices.
Reset raised $6 million in seed anchored by credit union customers to expand its embedded earned wage access platform for credit unions and community banks.
Titan secured $3 million to scale its banking-native AI platform for financial services.
WealthReach raised $1 million in seed to expand its AI-powered organic growth platform for RIAs and wealth management firms.
Stephano Slack received a strategic growth investment from Madison Dearborn Partners to scale its tax, audit, and advisory services platform.
Mobius received a strategic investment from Motive Partners to build next-generation infrastructure across pensions and wealth.
Debt Financing
Venture Funds
