The growing losses and sophistication of fraud, combined with the need for a more seamless user experience, have made the need for more secure and efficient online identity verification more pressing.

OneID’s digital identity services address this challenge by simplifying customer verification through bank-verified data. This approach enables a document-free digital identification process that can be completed within twelve seconds. The service also prioritises privacy, requiring consent to share personal data and helps businesses streamline onboarding, increase sales, reduce operational costs, and mitigate fraud risks. The fact that approximately 90% of UK adults who use online banking can use OneID for verification also makes it the most widely accessible solution.

The UK Government’s increased focus on digital identity has highlighted the need for innovation in the sector. The Department of Science and Technology’s proposed Digital ID for age verification and the Online Safety Act of 2023 require more than 100,000 online service providers to adopt stringent identity and age assurance measures. OneID’s bank-based identity and age verification solution ensures compliance with the Act whilst maintaining user privacy.

The funding follows a period of growth and implementation of the company’s technology with a growing customer base, including NatWest and Adobe. OneID will use the funding to enhance its product offering, expand its operations into new market sectors and deliver its services to new and existing customers.

Paula Sussex, CEO of OneID, says, “At OneID, our goal is to make the world safer by making digital identity verification more efficient and accessible for businesses and users. We’ve had a tremendous year in 2024 across several use cases. With our integration with Adobe set to go live with leading high-street banks in the UK, we are proving our ability to solve urgent business problems against the toughest standard-setters. The funding from ACF Investors is a strong vote of confidence in us as a business, and we look forward to working with the team to supercharge our growth in 2025.”

Tim Mills, Managing Partner at ACF Investors, says, “The Government’s growing focus on digital identity underscores the market’s need for simple and effective identification solutions. OneID is delivering exactly that, enabling both fraud prevention and regulatory compliance for financial institutions. We are delighted to follow on from our initial investment in 2023 and look forward to supporting the team as they grow.”

The post OneID® Secures New Funding to Transform Digital Identity Verification appeared first on FF News | Fintech Finance.

With the launch of the fund, CashU will now finance a large part of its sales increase recommendations through the opening of a base and extension of credit to SMEs. Today, 100% of the technology is proprietary and distributed through industry sales channels and large distributors interested in real-time technology for the commercial and financial areas.

For Yuri Fonseca, Co-founder, Chief AI Officer at CashU and postdoctoral researcher at Stanford University, this is yet another demonstration of the market’s confidence in the evolution of data processing and AI, both in the fintech segment and in CashU, representing another decisive step for the company towards the Series A investment round.

“CashU was the first fintech to incorporate artificial intelligence into credit to finance working capital for SMEs with the supply chain. We have proven that the accuracy of our proprietary credit granting models is 10 times higher than that of incumbents. In practice, this means that CashU can double the sales of a large industry through credit granting, with the highest approval rates in the market, while also producing sustainable credit portfolios, which has attracted the attention of some of the most sophisticated credit investors in the country”, comments Yuri Fonseca.

Arthur Bariani, member of the Investment team at Credit Saison Brazil, comments on the operation:

“Since the beginning of our operations in Brazil, we have been intensely dedicated to supporting fintechs that offer innovative and creative solutions in the country’s credit market. CashU is an excellent example of a company that uses data and artificial intelligence to facilitate and streamline inventory financing for SMEs, allowing these companies to focus on their core competencies and increase their sales. As part of Credit Saison’s global commitment to promoting financial inclusion for SMEs, we are very pleased to partner with CashU as they continue to expand a solid portfolio of clients”, he says.

CashU uses artificial intelligence to offer B2B credit to SMEs and retailers across the country, through industries and suppliers, who contract credit and offer it to their customers, directly at the checkout of each purchase. The company has developed a proprietary predictive model, being the only one on the market that analyzes each customer, offering score, term and credit limit in real time, in a highly dynamic system that is fully integrated with the payment solutions already used by the industry.

CashU’s artificial intelligence uses neural networks that analyze a series of behaviors unexplored by the market, managing to hyper-personalize each credit offer, in real time, for all its transactions.

“Since the launch of the B2B credit product, CashU has experienced double-digit growth month after month. We have attracted 2 of the 3 largest B2B marketplaces in the country as customers. The proprietary FIDC strengthens our operations and demonstrates the interest of private credit investors in credit portfolios generated with artificial intelligence”, says Thiago Saldanha, CEO and Founder of CashU.

“Our intention is to make approximately R$1 billion in credit available to small and medium-sized companies in the country by 2025. This is smart, customized credit that would not be available through traditional channels and that can certainly help SMEs grow sustainably, while also bringing greater peace of mind and growth to the industry. We at CashU continue to believe in Brazil and in the ability of Brazilian entrepreneurs to overcome difficulties and prosper, generating value for the economy and society as a whole,” he says.

Thiago Saldanha met Yuri Fonseca at Columbia University in New York, USA. The startup recently strengthened its team of partners with the addition of two important talents: Luciano Schifino, a recent reference in the fintech market and with a remarkable career at Ambev, now leads the company’s sales and marketing teams. Gregory Brown, formerly of PicPay, known for his solid performance as a tech lead and for his leadership in technology and innovation, arrives to further strengthen the technological base of the company’s business model.

For more information, visit the CashU website.

The post Appetite for AI: CashU Raises R$ 100 Million with Itaú BBA and Credit Saison for its Proprietary FIDC appeared first on FF News | Fintech Finance.

Founded by former Stripe leadership alumni Lindsay Brady and Alex Norcliffe, Era is revolutionizing personal finance by bringing agentic AI to wealth management. The platform acts as an intelligent financial assistant, learning from users’ connected accounts to provide personalized insights and proactive money management including money transfers and portfolio trading. By integrating macroeconomic data, news about financial markets and current events that could impact users, Era refines its automatic money management-focused recommendations all the time with a glanceable timeline of updates so users can stay in the loop as they go about their day. Era’s AI doesn’t just answer questions—it anticipates financial needs, spots opportunities and helps users navigate complex financial decisions in real-time. The new partnership with Cerebras supercharges these capabilities, enabling Era to deliver institutional-grade financial intelligence at consumer scale.

“Era Finance is revolutionizing personal finance by empowering consumers with real-time insights, personalized guidance, and seamless financial planning,” said Angela Yeung, VP of Product Management at Cerebras. “Powered by Cerebras Inference, Era delivers instant AI-driven solutions, setting a new standard for customer experience in the industry. We’re excited to collaborate with Era Finance in pushing the boundaries of personalized financial solutions through unparalleled AI performance and scalability.”

Era is built on a freemium model for users to make instant money management more accessible to all, with paid tiers based on usage and utility. Unlike most financial companies, from 401k providers to robo-advisors, Era does not charge an AUM fee based on a percentage of a user’s assets.

Additionally, Era is adding to its expansive product offering with new features to make universal wealth-care achievable for every American. With its ‘Routines’ feature, users can easily automate actions such as money transfers across existing bank accounts, going beyond traditional read-only budgeting tools. Era’s ‘Investments’ feature enables users to explore supported brokerages, as well as stock and ETFs in-app, including a new add-on, ‘Blueprints’, which will incorporate a marketplace of portfolio rebalancing functionality from creators and advisors. The app’s dynamic timeline features personalized cards that keep users informed about their financial life—from AI-generated current events insights and spending snapshots to Routine automation updates and financial alerts. These cards not only provide actionable financial information but also serve as interactive touchpoints that help users build better money habits.

“Era goes beyond traditional fintech by not only tracking financials but also providing personalized recommendations and taking action on your behalf based on your wealth goals,” said Marlon Nichols, Co-Founder and Managing General Partner at MaC Venture Capital. “With its innovative use of AI, Era empowers users to understand and grow their wealth in ways that were previously inaccessible. The accessibility and transparency it offers set a new standard for the future of personal finance, positioning Era to capture a wide segment of consumers who are seeking smarter, more effective financial tools.”

Era is also adding key hires to its workforce to carry out its mission of making money management seamless and automatic. Vince Joy, another former Stripe alumnus, has been appointed to serve as design lead. At Stripe, Joy led the visual design and core foundations of the design system and partnered with the brand team to bring highly polished UI experiences to the app’s dashboard. Chase McCoy, also formerly from Stripe, joins Era with a decade of experience in building hand-crafted websites and mobile apps. Sam Garrison joins Era as a product growth lead, hailing from SoFi’s Relay product, where he served as Business Lead. Lastly, Dave Skender, a highly experienced software engineering and product leader with expertise in financial technology, is now Engineering Manager at Era.

“AI is reshaping every industry, and its potential in personal finance is transformative,” said Lindsay Brady, co-founder and COO at Era. “Traditional tools show you where your money went—Era helps you see where it can go. By combining advanced AI with deep financial expertise, we’ve built more than a platform to track spending; Era is your personal financial assistant, providing insights into your habits, market trends, and automating smarter decisions. Whether it’s optimizing savings with intelligent round-ups or delivering real-time market analysis, we’re making sophisticated financial management simple and accessible. With our investors’ support, we’re accelerating the vision of making wealth-care a universal reality.”

In the near future, Era plans to launch new partnerships, continue updating its product features and expand its user base. With the mission to make automatic money management a reality for everyday Americans, Era is making wealth-care universal with AI and seasoned personal finance expert

The post Era Raises $6M to Bring AI-Powered ‘Wealth-Care’ to Every American; Partners With Cerebras to Pioneer Next-Gen Financial Intelligence appeared first on FF News | Fintech Finance.

Since the last funding round in October 2023, the financial services app has almost doubled its annualised transaction volumes to over $10 billion while growing profitability. The company recently acquired Tweeq, a Saudi-based digital wallet, expanding its product portfolio. It has introduced Tabby Card for flexible payments beyond checkout and Tabby Plus, a subscription program. Additionally, it has evolved its core buy now, pay later offering with longer-term payment plans, Tabby Shop to help users find the best deals, and Tabby Care, a buyer protection program.

The funds will be primarily used to accelerate the expansion of Tabby’s financial services, including digital spending accounts, payments, cards, and money management tools, while advancing Saudi Arabia’s Vision 2030 goals by driving the Kingdom’s cashless economy forward. This financing round positions Tabby strongly as it prepares for its upcoming IPO, signalling a pivotal step in its growth journey and reinforcing its ability to deliver the next generation of financial services across the Middle East.

Hosam Arab, CEO and Co-Founder of Tabby, said: “This investment allows us to accelerate our rollout of products that make managing money simpler and more rewarding for our customers. We’re focused on creating tangible impact—helping people take control of their finances with tools that are accessible, effortless and built for their everyday lives.”

Christopher Wu, Chief Investment Officer at Blue Pool Capital, said: “Tabby’s ability to innovate and deliver exceptional products is truly impressive. Their strong revenue growth and operational efficiency sets them apart from other fintech companies globally. We are incredibly excited to support the team on their mission.”

Ahmed Al Qahtani, Chief Investment Officer for Regional Markets at Hassana Investment Company, said: “We are consistently impressed with Tabby’s remarkable ability to execute and build significant momentum in such a short time. Their unwavering dedication to delivering innovative products and solutions to customers reinforces our strong belief in Tabby’s bright future. We are excited to continue our partnership as they redefine the financial services landscape in the region.”

Tabby begins 2025 with more than 15 million registered users and over 40,000 sellers, driving an annualized sales volume of over $10 billion.

The post Tabby Raises $160m Series E Funding at $3.3b Valuation appeared first on FF News | Fintech Finance.

Stablecoins have seen meteoric growth in recent years, with on-chain transaction volumes exceeding $12 trillion in 2024, far outpacing major payment networks like Visa. This surge underscores their potential to revolutionize cross-border transfers. Limited harnesses this trend by offering U.S. bank accounts to global users, where incoming ACH, Fedwire, and international wire payments are instantly converted into stablecoins such as USDC, USDT, and EURC. By placing assets in self-custody wallets, Limited users retain complete control of their funds—safeguarding them from the risks of bank collapses or platform failures.

“We believe financial services, while sometimes perceived as boring or soulless, are deeply personal,” said Hussein Ahmed, Limited’s founder and CEO. “Money is a huge part of our lives—both for businesses and individuals—and should be managed thoughtfully and elegantly. We took the best aspects of stablecoins—speed, low cost, self-custody—and merged them with a user experience similar to, and even better than, traditional banks, so our customers can stay protected, enjoy global access, and avoid the pitfalls of failed institutions.”

Third Prime, a New York and Nashville-based venture capital firm whose portfolio includes prominent fintech and crypto players like Circle, Chime, Octane, Kafene and Yellow Card led the $3 million round. Its Co-founder and General Partner, Wes Barton, underscored the timing: “Limited’s unique approach—secure self-custody stablecoins, global banking accessibility, and a frictionless user experience—aligns perfectly with our thesis that the future of finance is decentralized, trusted, and user-centric. We have seen Hussein’s track record in building great products, and we’re convinced Limited can reshape global financial services.”

Co-leading the round with Third Prime is The House Fund, a UC Berkeley–focused venture firm founded by Jeremy Fiance—who was also an early investor in Hussein’s previous venture, Oxygen—alongside other prominent crypto and FinTech founders. Hussein originally founded Oxygen and grew it to over one million accounts. While Oxygen focused on the U.S. market leveraging traditional banking rails, Limited takes that vision a step further by integrating stablecoins and self-custody into the day-to-day global banking experience.

“We’ve witnessed Hussein’s drive to simplify complex finance solutions throughout his time at UC Berkeley Haas and with Oxygen,” said Jeremy. “Limited brings accessibility, security, and speed to a global audience.” The House Fund has also backed leading AI and FinTech infrastructure innovators, including Databricks, Perplexity, and Flexport.

Arche Capital, backed by major LPs with a focus on the intersection of crypto and fintech, also participated in the raise.

“Limited combines stability, transparency, and practical innovation to solve a critical challenge in global finance,” said Vanessa Grellet. “While many solutions remain fragmented and complicated, Limited stands out by making cross-border transactions faster, more affordable, and truly self-directed,” added William Wolf.

Inspired in part by the American Express model, Limited offers premium Visa and MasterCard options worldwide— their own, spanning White, Silver, and Gold tiers—and also enables co-branded card programs for brands seeking a global footprint. This approach lets partners easily design, launch, and fully manage customized cards that significantly boost customer engagement and loyalty—unlike typical co-branded offerings that are restricted to local or regional deployments. Uniquely also, Limited caters to high-end users. The Limited Gold Card comes with 24/7 global concierge services, exclusive perks like complimentary breakfasts at luxury hotels (including the Ritz-Carlton and Mandarin Oriental), free rental days at Hertz, and top-tier travel experiences that rival the best in the market. Simultaneously, the company supports instant, near-zero-fee cross-border payments in over 140 countries, using more than 300 local payment methods (such as WeChat, Pix, SPEI, GrabPay, and others) across 80 currencies.

Limited operates globally—excluding sanctioned and restricted jurisdictions—and aims to position itself as the go-to solution for businesses, entrepreneurs, and individual customers seeking a stable and efficient alternative to conventional banking. By combining the reliability of asset-backed stablecoins with a comprehensive financial toolkit—complete with self-custody, ultra-premium card benefits, and flexible co-branded card offerings—Hussein Ahmed and the Limited team are poised to redefine what secure, borderless finance can look like.

The post Limited Raises $3 Million Pre-Seed to Redefine Global Banking Through Stablecoins and Self-Custody appeared first on FF News | Fintech Finance.

“Organic growth has always been a fundamental challenge in wealth management. As we approach an $80 trillion wealth transfer, Datalign has cracked the code on scalable growth for RIAs,” said John Wernz, former Chief Growth and Marketing Officer at Wealth Enhancement Group and Executive Director at Datalign. “Their ability to deliver high-quality client relationships at scale is exactly what the industry needs right now.”

Link Ventures’ investment in Datalign marks a significant milestone in both companies’ trajectories. Link Ventures has consistently demonstrated an ability to identify and scale category-defining, transformative companies, as evidenced by early investments in CarGurus, EverQuote and DataSage (acquired by Vignette). Link Ventures has emerged as a leading force in AI investing, with its investments in Mercor and Liquid AI becoming two of their respective industry’s top five AI unicorns in the past year. Link sees similar unicorn potential in Datalign’s approach to reimagining the wealth management space and rapid path to profitability.

“In my experience investing in AI companies, I’ve rarely seen the combination of innovative technology and massive market opportunity that Datalign presents,” said Dave Blundin, co-founder and Managing Partner at Link Ventures. “Not only have they assembled an exceptional team of talent from MIT and tech giants like Amazon, Meta, Google and Microsoft, but they stand out as the fastest-growing company in Link Venture’s portfolio history. We see incredible potential for Datalign to become a unicorn in fintech.”

Capitalizing on Link Ventures’ deep expertise in building market-defining companies, Datalign aims to aggressively scale its team of AI experts and has plans to release several AI-focused products in 2025 as the company continues to invest in industry-changing technology that redefines how people receive financial services. The company has already launched a number of AI Initiatives in the last six months, including:

• AI Lead Performance Monitoring analyzes historic performance and behavioral data to predict a prospect’s suitability and likelihood of conversion before an RIA receives the match, ensuring higher-quality connections for both prospects and RIAs.
• The Datalign Knowledge Graph (Graph). By leveraging AI and Machine Learning (ML) predictive models, Graph helps determine the best RIA-prospect fit during the matching process, ultimately streamlining the onboarding experience and improving outcomes for both consumers and advisors by aggregating over a decade of behavioral, financial, and demographic data across hundreds of variables for more than 200 million Americans. This powerful tool tracks key life events and factors to generate accurate predictions about both current and future financial needs.
• Geographic Expansion Optimization (GEOs), is an AI-powered targeting tool analyzing market data to identify new geographic markets where an RIA’s services and advisors can offer value to meet existing consumer demand. Datalign’s Enterprise partners using the tool have already seen a month- over-month lead volume increase of 35% and their total AUM referred has grown by a compound monthly rate of 15% since leveraging GEOs recommendations.

“With Link Ventures’ partnership, we’re strategically positioned to execute our vision of leading the wealth management industry’s AI revolution,” said Satayan Mahajan, CEO of Datalign. “Link is the perfect partner for Datalign’s next stage of evolution because of their team’s successful history in investing in disruptive and transformative technology, and we’re excited for what the future holds.”

Since its launch in 2022, Datalign has retained near 100% of its customers, experiencing 18% average month-over-month growth across its platform.

The post Datalign Secures $9M Seed Funding to Accelerate AI-Powered Financial Advisory Solutions appeared first on FF News | Fintech Finance.

In 2024, Sardine achieved 130% YoY ARR growth and nearly doubled its customer base. The company also surpassed 2.2 billion devices profiled, making the Sardine Network one of the largest and most up-to-date databases for combating financial crime. Today, more than 300 enterprises, including FIS, Ascensus, Deel, GoDaddy, and X, rely on Sardine to prevent fraud, stop money laundering, and streamline risk operations.

“Risk teams are stretched to their limits, and the workload keeps growing. Alert volumes have surged 800%, compliance hiring can’t keep up, and analysts are stuck in an endless cycle of manual reviews. But it’s not just the scale—it’s the nature of the work. Clearing transaction alerts, verifying onboarding cases, and investigating fraud rings are all highly repetitive yet mission critical tasks. Sardine’s AI agents automate the most time-consuming parts of risk operations, helping teams move faster, reduce false positives, and focus on stopping real threats. With this investment, we’re scaling AI infrastructure to make risk teams more efficient and better equipped to combat the scale of modern financial crime,” said Soups Ranjan, CEO of Sardine.

Legacy fraud systems are imperfect, which is why human oversight can be critical. But the sheer volume of false positives forces risk teams at banks and fintechs to freeze accounts, restrict access to funds, and turn away good customers based on incomplete or inaccurate data. Without AI to reduce noise and surface real threats faster, teams struggle to keep up.

Ranjan added: “KYC may be easy, but edge cases are hard. Names appear in different orders across cultures, date formats vary, and small mismatches stack up in alert queues. Most fraud alerts fall into a grey area, forcing analysts to spend 25 minutes or more tracing transaction history, mapping relationships, and verifying location data. And they add up. When teams are dealing with dozens or even hundreds of alerts per day, the backlog becomes unmanageable. Sardine’s AI agents automate the heavy lifting, surfacing connections and summarizing risk signals so teams can move faster and focus on making the right call.”

“Sardine’s platform is now the core of our risk and fraud workflows, allowing us to consolidate vendors and improve operational efficiency,” said Arjun Ramakrishnan, Head of Risk for GoDaddy Payments. “By migrating to Sardine, we’ve significantly reduced our reliance on engineering, cutting rule deployment timelines from days to hours. Sardine’s flexibility has also helped us expand beyond fraud detection into credit risk evaluation to mitigate potential losses during high-sales periods.”

Introducing AI Agents for Fraud and Compliance Teams

Sardine is expanding its AI risk platform with a suite of intelligent agents designed to streamline fraud and compliance operations, reduce manual workloads, and cut costs for financial institutions. These AI agents automate critical investigation and compliance processes, allowing risk teams to focus on complex cases while ensuring accuracy and regulatory compliance. This investment will build on key advancements, including:

• KYC Onboarding Agent – Streamlines the trickiest parts of onboarding – name mismatches across cultures, inconsistent date formats, and document verification challenges. Instead of forcing good customers to wait in review queues, the agent resolves edge cases automatically while maintaining compliance with human oversight.
• Sanctions Screening Agent – Helps your team efficiently review sanctions, Politically Exposed Persons (PEP), and adverse media alerts. It learns your standard operating procedures (SOP), provides detailed audit logs, and supports decision validation.
• Merchant Risk Agent – Automates risk scoring and credit decisioning for merchants, detecting high-risk signals before approval. It monitors for changes in real-time, from website content shifts to corporate structure updates.
• Disputes Agent – Handles the entire chargeback and dispute process, from gathering data to preparing evidence packages. It formats submissions to match processor requirements and files them automatically, reducing manual work and improving win rates.

Deploying AI agents allows financial institutions to drive revenue growth while strengthening compliance controls. Risk teams can scale compliance efforts efficiently, achieving up to 4X ROI. In today’s age of instant gratification, onboarding delays can result in lost customers who are highly unlikely to return. Faster alert resolution helps banks and fintechs prevent significant revenue losses from onboarding inefficiencies. Moreover, reducing long queues and delays not only retains customers but also mitigates the risk of costly lawsuits from those who feel unfairly denied financial access.

“We’re doubling down on Sardine because they’ve built what the market desperately needs: the AI-first risk platform that gets smarter with every transaction,” said Andrew Steele, Partner at Activant Capital. “In an era where AI is supercharging financial crime, their ability to connect billions of data points across fraud, compliance, and risk creates a massive advantage. We’ve witnessed their exceptional execution firsthand over the past few years, and believe they’re becoming the essential infrastructure layer for trust in the digital economy.”

Arvind Ayyala, Partner at Geodesic Capital: “In an AI-first world where enterprise fraud and compliance risks are constantly evolving, real-time threat detection is essential. Sardine’s platform delivers the speed, accuracy, and adaptability risk leaders need to stay ahead. Soups and his team bring decades of expertise, transforming legacy workflows into best-in-class infrastructure that reduces costs, increases efficiency, and ensures the highest level of risk performance. Geodesic Capital is proud to support Sardine in this next phase of growth.”

Andrew Bockelman, Head of Banking Solutions at Moody’s: “The combination of Moody’s robust data with Sardine’s innovative platform creates a formidable tool in the fight against financial crime, providing incredible value to our banking and merchant customers. We are excited to strengthen our partnership with Sardine and look forward to continued innovations in the future.”

Angela Strange, General Partner at Andreessen Horowitz: “Many of the best fraud and compliance teams are turning to Sardine to harness the potential of GenAI while staying ahead of increasingly sophisticated AI-driven threats. Built by leading data scientists, Sardine’s developer environment and feature store enable the consolidation of disparate vendor signals, incorporating the newest defenses and adapting models seamlessly—without the need for additional engineering talent. Sardine’s AI agents help compliance teams to complete tasks like clearing transaction alerts in a fraction of the time. We’re thrilled to continue supporting Soups and his team as they redefine the future of risk management.”

Read more about Sardine’s journey, vision and plans for the future in Soups Ranjan’s blog.

The post Sardine AI Raises $70M to Make Fraud and Compliance Teams More Productive appeared first on FF News | Fintech Finance.

“We are incredibly excited at the pace at which clients are embracing our modern stack,” said Zeta’s Global CEO and Co-founder, Bhavin Turakhia. He added, “Over the past few years, we have supported over 25 million accounts on our cloud-native processing platform Tachyon and are on track to add 25 million more with contracts already in flight. Our clients are breaking away from decades of legacy systems to deliver amazing digital experiences thereby increasing their customer satisfaction and accelerating new user acquisition.”

Zeta’s SaaS offerings enable Banks and Fintechs to launch any asset, liability or payment product including credit cards, checking accounts, savings accounts, unsecured loans, and more – for consumers, SMBs and corporates on a modern, Microservices based, API-first, Cloud-native, and Headless (MACH) platform.

Zeta’s SaaS suite encompasses every step of the customer lifecycle of a banking product, comprising the below offerings:

• Tachyon: Core Banking & Issuer Payments Suite
• Photon: Merchant Acquiring & Payments Service Provider Suite
• Neutrino: Digital Banking & AI Applications Suite
• Saturn: Issuer Operations & Servicing Suite
• Luminos: Customer Engagement & Rewards Suite
• Electron: Commercial Cards & Benefits Suite
• Quark: Data & Intelligent Applications Suite

Commenting on the recent trajectory, Zeta’s Co-founder, Ramki Gaddipati said, “Zeta’s mission to be a trusted partner to financial institutions is possible through the patient efforts of the best team ever assembled in banking technology. While the past few years have been challenging for the banking-tech industry, our organization has delivered multiple winning programs for our clients in record times.”

Zeta counts some of the world’s largest and most regulated financial institutions as its clients including HDFC Bank, India’s largest private bank with whom it has launched a suite of products including Pixel – an innovative digital-native credit card program; Pluxee, a global corporate benefits provider; and Sparrow Financial, a card issuer for non-prime cardholders in the US.

The post Zeta Valued at $2 Billion in New $50 Million Strategic Fundraise appeared first on FF News | Fintech Finance.

With this new funding, Raenest aims to deepen its operations in Nigeria, while also strengthening its Kenyan presence. The company also plans to enter the United States and Egypt this year, broadening its impact with Africans within the continent and outside the continent, and also attract top talent to support its growth. Currently, Raenest holds licenses in Nigeria as an approved International Money Transfer Operator [IMTO] and in Canada as a Money Services Business [MSB] and is working to secure additional licenses in key jurisdictions.

The company has established strategic partnerships with leading banks in the US and UK, to ensure operational stability and reliability, and plans to use the funding to form additional collaborations with financial institutions worldwide.

Founded in 2022 by Victor Alade, Sodruldeen Mustapha, and Richard Oyome, Raenest initially operated as an Employer of Record (EOR) before evolving into a platform that redefines global banking for Africans, helping businesses and freelancers receive international payments, convert between currencies, operate a multi-currency wallet, while managing transactions seamlessly. The platform also enables customers to open global bank accounts in their names, access physical and virtual dollar cards, and manage payments in USD, EUR, and GBP. These tools offer the flexibility and reliability needed to navigate global markets. To date, the company has amassed over 700,000 individual customers, processed over $1 billion in payments, and serves over 300 businesses, including MoniePoint, Helium Health, Fez Delivery, and Matta.

Raenest also offers a consumer-focused product, Geegpay, which provides Africa’s gig economy, particularly freelancers, creators, remote workers, and solopreneurs, with efficient solutions for receiving payments from Upwork, Fiverr, Gusto, as well as other overseas platforms and clients while minimising fees.

Speaking on the announcement, Victor Alade, CEO of Raenest, said: “At Raenest, we are dedicated to addressing the barriers that hinder Africans from accessing seamless financial services. Our journey over the past two years has been shaped by innovation, collaboration, and a shared vision to build a sustainable, globally impactful business that bridges economic and digital divides. This funding, supported by new and existing investors who share our mission, provides the momentum to scale our solutions and expand our impact across the continent. We are excited to continue building solutions that connect Africa to the world and drive inclusive growth and prosperity.”

Gbenga Ajayi, Partner and Head of Africa and the Middle East at QED Investors, added: “At QED, we’re thrilled to support Raenest as they redefine cross-border banking for Africans. Their commitment to financial inclusion, combined with a seamless user experience, positions Raenest as a game-changer in the region’s fintech landscape. We firmly believe that by bridging the gap between local and global markets, Raenest will unlock new opportunities for African entrepreneurs, freelancers and businesses, ultimately driving greater economic empowerment across the continent.”

Lexi Novitske, General Partner of Norrsken22, “Africa’s gig economy is growing at an impressive 20% year-on-year, yet cross-border payment challenges persist for workers and businesses alike. Our investment in Raenest reflects our belief that they are unlocking new opportunities by transforming how Africa’s global workforce connects to the world economy.”

Kola Aina, Founder and General Partner at Ventures Platform, emphasised their continued support: “As one of Raenest’s earliest backers, we have witnessed their exceptional growth, their consistent delivery of quality and reliable services to customers, and their ability to deliver meaningful impact in the financial services sector. Raenest’s unwavering commitment to Africa’s gig economy and businesses is evident at every stage of their journey, and we are thrilled to see them continue to scale while staying true to their bold vision.”

With this Series A funding, Raenest is set to expand its reach and strengthen its role in the growing cross-border payments industry, which is projected to reach $320 trillion by 2032. Africa remains one of the fastest-growing regions for global transactions. With the backing of global and early-stage investors, Raenest is well-positioned to deliver fast, transparent, and affordable financial tools that simplify cross-border money management. By scaling its infrastructure, deepening partnerships with global financial institutions and enhancing its multi-currency offerings, Raenest is enabling more African businesses and individuals to participate fully in the global economy.

The post Raenest Secures $11M Series A Investment In QED-Led Funding Round appeared first on FF News | Fintech Finance.