The FinTech sector experienced a slowdown last week, with $623 million raised across 17 deals. This figure marks a decline from the previous week’s total of $806 million, which was supported by several significant transactions, including a $405 million Series C round by the digital bank Plata, which achieved a valuation of $5 billion.
Notably, this week represents the second consecutive decline in FinTech funding, following a peak of $2.17 billion raised in the week starting April 10. In the latest week, two transactions surpassed the $100 million mark, with the largest being a $175 million growth investment secured by K1x, an AI-driven platform focusing on private market tax data, led by Sumeru Equity Partners and including existing investor Edison Partners.
In addition, the Philippines-based company Salmon completed a $100 million financing round, which consisted of $60 million in equity and $40 million in public bonds. The capital will be invested in expanding their banking and lending platform throughout Southeast Asia.
Moreover, Malaysia’s Hata successfully closed an $8 million Series A funding round led by Bybit. Hata, which operates as the only dual-licensed digital asset exchange in Malaysia, plans to allocate the funds to enhance platform liquidity, user growth initiatives, and the development of digital asset products tailored for local users.
The United States dominated the funding landscape, with nine deals recorded this week, including K1x, Loop, Monk, Petual, Rilian, Zenskar, RIIG Technology, Astor, and Openly. The UK followed with two deals, involving Cloudsmith and Daintta. Switzerland, Ireland, and Israel each contributed one deal as well.
According to recent research from FinTech Global, global FinTech deal activity grew by 10% year-on-year, totaling 1,285 deals in Q1 2026, up from 1,165 deals in the same quarter last year. However, total funding declined to $19.8 billion, down 8% from $21.6 billion in Q1 2025, and 36% below Q4 2025’s $31.1 billion.
Focusing specifically on the US, research highlighted that FinTech funding there rose by 16% year-on-year, reaching $11.1 billion across 466 deals in Q1 2026, compared to $9.6 billion from 350 deals in Q1 2025. The deal volume also saw a 33% year-on-year increase.
Infrastructure and enterprise software companies were notable performers this week, garnering five deals. CyberTech and RegTech followed, each securing three deals. Additionally, there were two investments in WealthTech (Hata and Astor), two in InsurTech (RIIG Technology and Openly), as well as one deal each in data analytics (Loop) and marketplace lending (Salmon).
This week’s financing rounds included significant investments in various innovative companies. K1x, specializing in private markets tax data, obtained a $175 million growth investment, aiming to enhance its platform and customer support.
Salmon Group garnered $100 million in total financing to expand its banking offerings in Southeast Asia, receiving strong backing from investor Spice Expeditions and others.
Loop successfully closed a $95 million Series C funding round aimed at enhancing its logistics and supply chain platform, with support from notable investors including Valor Equity Partners.
Cloudsmith, a cloud-native artifact management platform, raised $72 million to focus on product development and market expansion. BLP Digital received a $50 million investment to enhance its ERP automation platform.
Further funding rounds included Monk’s $25 million Series A to improve accounts receivable capabilities, and Petual’s $20 million financing to modernize SOX compliance and internal audits. Spectrum Security, Rilian, Zenskar, and others also secured considerable amounts to advance their technologies and market approaches.
Moreover, Hata’s recent funding and Copperhelm’s emergence from stealth after securing $7 million highlight the ongoing interest in digital asset markets and cloud security automation. Other notable funding rounds featured RIIG Technology, Astor, Daintta, and Openly, each aimed at strengthening their respective positions in their markets.
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