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Wednesday, September 03, 2025
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ModernFi Raises $30M Series B Strengthening Its Position as Foundational Infrastructure for the U.S. Banking System

ModernFi, the leading technology provider for deposit management, today announced a $30 million Series B funding round. Led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, and new investor Intercontinental Exchange, Inc. (NYSE: ICE), the round brings ModernFi’s total funding to over $60 million. This investment reflects growing institutional recognition of ModernFi’s role as critical infrastructure for deposit stability and liquidity management in the post-2023 banking landscape.

Admiral Partners with iVendi to Accelerate Motor Finance Expansion Innovatively

Admiral Car Finance, part of Admiral Group, continues expanding its presence in the dealer finance market, having signed up over 450 dealers so far. A key factor in this success is the business’s focus on customer pre-approval and a strong commitment to transparency and digitalisation, aimed at helping car buyers to make informed financing choices through their preferred dealer.

Kapital Doubles Valuation to $1.3B, Becomes Latin America's First AI Unicorn

Kapital, a global financial institution and the leading AI-driven platform for SMBs in Latin America, announced the successful close of its Series C funding round

Kea Raises €6M in Extended Seed Round at €40M Valuation to Scale Its Crypto-Friendly Core Banking Infrastructure

Kea has closed its €6 million extended seed funding round to offer a seamless platform for crypto

Kite Raises $18M in Series A Funding To Enforce Trust in the Agentic Web

Kite, a company building the foundational trust infrastructure for the agentic web, today announced that it has raised $18 million in Series A funding, bringing total cumulative funding to $33 million.

Fiinu Plc Looks to Raise £1.41 Million Through a Targeted Fundraise and Welcome QVP I Luxembourg as Key Investor

Fiinu Plc (AIM: BANK), the London-listed fintech behind the Plugin Overdraft® platform, has entered into subscription agreements for it to raise up to £1.41 million in gross proceeds through the issue of 9.4 million new ordinary shares at 15 pence per share.

School Costs Leave Parents’ Pensions Short-changed, New PensionBee Survey Finds

As UK children prepare to head back to school, a new survey from PensionBee, a leader in the consumer retirement market, reveals the stark financial trade-offs parents are being forced to make – with saving for retirement often one of the first casualties.

iCapital And Pantheon Expand Global Partnership to Broaden Investor Access to Evergreen Funds

iCapital, the global fintech company shaping the future of investing, announced today it has extended its global partnership with Pantheon, a leading global private markets investor, to further enhance investor access to evergreen funds to include the Pantheon Global Credit Secondaries strategies.

Rain Raises $58M Series B Led By Sapphire Ventures to Become the Enterprise Stablecoin Platform of Record

Rain announced a $58 million Series B funding round led by Sapphire Ventures

First Northern Credit Union Selects Appli to Modernize Member Lending Experience

Appli, a provider of artificial intelligence-powered financial calculators, today announced that First Northern Credit Union has selected its calculator platform to improve how members explore borrowing options online.

PensionBee Comments on Latest DWP Pension Credit Statistics

PensionBee, a leading online pension provider, has commented on the latest data from the Department for Work and Pensions, which reveals a 16% decrease in Pension Credit applications from the comparable period last year, whilst showing a 44% overall increase in the year following the initial announcement of Winter Fuel restrictions in 2024.

Tazapay Lands Strategic Investments from Ripple and Circle, Signaling a New Era for Cross-Border Payments

Tazapay, a leading global cross-border payments infrastructure platform, today announced the successful close of its Series B funding round with investment from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan). Existing investor Peak XV Partners led the round and 2 other existing investors January Capital and ARC180 joined the round.

Hemi Raises $15 Million to Accelerate Bitcoin Programmability Ahead of Token Launch

Hemi Labs has announced a $15 million investment round to develop and launch the Hemi Network

Cashku Secures Rm 10 Million Strategic Investment to Power Malaysia’s Digital Financial Planning Revolution

Backed by a group of reputed strategic investors, the RM 10 million round will fuel Cashku’s mission to scale its digital financial planning platform across Malaysia

Bolt Food Launches Bolt Food Finance in Partnership with Finmid, Bringing Fast, Flexible Capital to Thousands More SMBs Across Europe

Delivery platform Bolt Food has partnered with financial infrastructure innovator finmid to launch Bolt Food Finance – a program aimed at helping small and medium-sized businesses quickly and easily access funds they need to grow.

  1. ModernFi Raises $30M Series B Strengthening Its Position as Foundational Infrastructure for the U.S. Banking System Read more
  2. New Savings Study Shows Nearly 3 in 10 High-Income Americans Are Using AI for Financial Decisions Read more
  3. Instant Payments: Balancing Speed, Security, and Customer Expectations | Part 5 | Bottomline Read more
  4. ThinkMarkets Reaches More Traders Through Growth and Platform Development Read more
  5. APIs Transform Banking Integration Read more
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