US Leads FinTech Boom with $857.2M in Funding

FinTech continued to demonstrate resilience this week, securing a total of $857.2 million in funding across 22 deals. The United States once again dominated the market, hosting nine deals and solidifying its position as the global FinTech hub.

Abnormal Security captured the spotlight with a $250 million investment, propelling its valuation to an impressive $5.1 billion. The cybersecurity firm secured backing from Wellington Management and existing investors including Greylock Partners, Menlo Ventures, Insight Partners, and CrowdStrike Falcon Fund.

Another standout was Mexican FinTech unicorn Stori, which raised a substantial $212 million. This includes $105 million in equity led by Notable Capital and BAI, as well as a $107 million debt facility from Goldman Sachs and Davidson Kempner Capital Management LP.

CloudPay, a UK-based PayTech company, also made significant strides with a $120 million funding round supported by Blue Owl Capital and existing investors.

While the US led the pack, other countries contributed to the week’s activity, including the UK, Australia, India, Canada, Mexico, Lebanon, and Latvia.

The FinTech sector itself accounted for nine deals, showcasing its continued vitality. Other thriving sectors included RegTech with six deals, InsurTech with four, WealthTech with two, and PayTech with one.

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