From capital markets to code and cybersecurity, AI is steadily reshaping the financial infrastructure that keeps global business running. This week’s deal highlights show how founders are moving beyond front-end innovation to rebuild the systems that power liquidity, intelligence, and trust.
OneAM is unlocking the $4 trillion early-pay market for small and midsize suppliers, turning fragmented receivables into a new institutional asset class. Grasp, born out of McKinsey and Ericsson, is applying multi-agent AI to automate the analytical backbone of investment banking and consulting. Uptiq.ai is building the foundational layer for financial institutions to design and deploy AI-driven workflows, while CyberRidge brings quantum-era security to data traveling through the world’s optical fibres.
In our Q&A, Henri Kasurinen, CEO and Co-Founder of Nomain, adds another layer to this narrative: tackling mainframe modernization with AI that explains, visualizes, and revitalizes the legacy systems still running the enterprise world. Together, these stories reveal how financial technology is evolving — from intelligent capital to intelligent infrastructure.
Q&A with Henri Kasurinen, CEO & Co-Founder of Nomain — Modernizing mainframes with AI-driven insight
As AI continues to reshape the financial and enterprise landscape, some of the most persistent challenges lie deep within the infrastructure of legacy systems. Few founders understand that space as intimately as Henri Kasurinen, CEO and Co-Founder of Nomain, a Finnish startup tackling the formidable task of mainframe modernization.
With a background rooted in AI and product innovation, Henri and his team are building a bridge between old and new — empowering modernization teams to unlock decades of institutional code with the help of intelligent automation.
In this Q&A, he shares how Nomain is rethinking modernization for critical enterprise systems — and what lies ahead for the AI-driven transformation of the world’s software backbone.
1. Tell us a bit about yourself / your co-founder(s)
I’m Henri Kasurinen, CEO and Co-Founder of Nomain. I have a strong background in AI and product development, and I’m passionate about leveraging technology to solving real-world problems. My co-founders are CTO, Hector Tortosa, who brings extensive software development expertise, and COO, Mikko Kesti, who drives sales and operations. Together, we’re combining deep technical skills and entrepreneurial know-how to modernize legacy enterprise systems.
Read more from the interview here: Nomain Modernizing mainframes with AI-driven insight
Deal Highlights
The SMB segment in Europe & the US is one of the most un- and under-served segments. In the SMB world, survival and success often depend on getting paid on time by large corporates, but current working capital solutions have focused on mid- to large suppliers. OneAM is addressing a pain point in this segment and creating an attractive institutional investment product.
OneAM Raises $4.7 Million in Seed Funding to Unlock the $4 Trillion Early Pay Market for Small and Midsize Suppliers… Small to midsize suppliers comprise a $4 trillion segment of the U.S. economy, but these businesses are often forced into unfavorable payment terms. At the core of OneAM’s solution is a sophisticated infrastructure designed for quantitative capital providers. The platform transforms fragmented receivables into a standardized, investable product, enabling scalable underwriting of an asset class that is large, inefficient, and difficult to access, where the data sources are heterogeneous and where modeling requires the use of both classical and AI/ML techniques. Portfolios generated using OneAM’s origination engine provide highly diversified exposure to both supplier and payor risk.
From vertical SaaS using AI to solve and automate domain-specific problems and workflows, to horizontal LLMs, to domain-specific AI systems, and “low code” builders of those systems- watching this space! Will ChatGPT or Perplexity expand into domain-specific solutions to take on these verticals?
Swedish AI company Grasp, which automates investment banking and management consulting work using multi-agent systems, has raised $7m in Series A funding to accelerate its international expansion…Founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Devér, together with ex-Ericsson AI engineer Simon Hällqvist, Grasp develops multi-agent AI systems that replicate complex finance tasks traditionally performed by analysts….The company’s platform integrates domain-specific AI systems with trusted datasets and productivity tools to streamline manual work and enhance output quality for professionals in investment banking, private equity, and management consulting.
Uptiq.ai, the leader in AI infrastructure for financial services, today announced that it has raised $12 million in a new funding round led by Silverton Partners… Uptiq.ai has been quietly developing what industry leaders are calling the “The AI Platform for financial services.” Its flagship platform, Uptiq Qore, provides the intelligent foundation that allows institutions to build, orchestrate, and scale AI-powered financial applications through simple prompts — reducing development time from months to weeks while maintaining enterprise-grade governance and compliance. With Qore, banks, credit unions, and wealth managers can infuse AI into lending, advisory, and compliance workflows — without ripping and replacing existing systems.
When quantum computing meets late-1990s optical fibre, there may be a market. There was some upheaval last month with Google announcing its quantum computing breakthrough, but it assures real-world use is still some years away.
CyberRidge, which specialises in photonic encryption technology that makes sensitive data disappear, has emerged from stealth mode after raising a total of $26m in funding. CyberRidge’s platform addresses one of the most pressing and often unseen cybersecurity threats: the interception and long-term storage of global data transmitted through optical fibre. As over 95% of the world’s digital communication — including banking records, government data, AI workloads and medical information — travels through fibre cables, the risk of “harvest now, decrypt later” attacks is growing. The rise of quantum computing threatens to render traditional encryption ineffective, enabling hackers to decrypt stored data instantaneously in the future… The company’s flagship product is a plug-and-play photonic transmission layer that integrates seamlessly with existing fibre infrastructure. It converts data into encrypted optical noise, preventing any traditional tapping or recording attempts.
Read on for more on the founders and investors in the news last week. If you are building or backing “what’s next in finance” and want to spread the word with our network of 20K+, reach out to Samarth Shekhar or Frank Schwab.
FUNDING ROUNDS
Paygentic raises $2m to power AI-native payments
Paygentic, a payments infrastructure provider for AI-native and agent-driven products, has raised $2m in a pre-seed funding round.
The round was led by MiddleGame Ventures, a firm specialising in innovation within the financial services sector. Other backers include Anamcara Capital, Aperture, Alan Morgan — chairman at Adfisco — and Angel Invest.
Founded by Susan O’Neill and Samuel Alarco Cantos, Paygentic is developing an all-in-one billing and payments platform tailored for the growing market of AI-native businesses. These companies often face challenges in aligning their variable computation costs with inflexible billing systems that typically rely on fixed subscription fees. Paygentic’s platform allows them to adopt hybrid, usage-based, and outcome-based models, offering greater flexibility and better alignment with their operational realities.
https://fintech.global/2025/10/29/paygentic-raises-2m-to-power-ai-native-payments/
Cylerity raises $4m to speed payments
Cylerity, a Madison-based healthcare FinTech using AI to accelerate payments to providers, has raised $4m in an oversubscribed seed round and secured a $24m debt facility from First Business Bank.
The round was led by HealthX Ventures, with support from C2 Ventures, Upstream Ventures, Wisconsin Investment Partners, and Tundra Angels. The funding aims to ease financial strain for healthcare providers facing long insurer reimbursement cycles.
Cylerity’s platform uses AI and machine learning to predict when claims will be paid and how much will be reimbursed, allowing funds to be advanced within 24 hours of claim submission.
The company plans to use the funding to expand its engineering and data science teams and strengthen partnerships with healthcare and financial institutions across the US.
https://fintech.global/2025/10/29/cylerity-raises-4m-to-speed-payments/
OneAM Raises $4.7 Million in Seed Funding to Unlock the $4 Trillion Early Pay Market for Small and Midsize Suppliers
Key Takeaways
- OneAM, the early pay solution for small and midsize suppliers, has raised a $4.7 million seed round led by TTV Capital.
- Small to midsize suppliers comprise a $4 trillion segment of the U.S. economy, but these businesses are often forced into unfavorable payment terms.
- OneAM’s Early Pay platform combines the accessibility and speed of fintech with the sophistication of institutional credit, giving businesses fairer, more efficient access to capital.
Round led by TTV Capital will scale the use of advanced modeling and AI/ML to value SMB receivables, turning them into an investable asset class for quantitative investors
AI private markets OS Bridge raises $5.1m seed round
Bridge, a FinTech company developing the first AI-native operating system for private market allocators, has raised $5.1m in a seed financing round led by Thicket Ventures.
The round also included participation from several high-profile industry figures, including Bill Lewis (ex-Lazard, ex-Morgan Stanley), Bob White (Bain Capital), Nate Sleeper (CD&R), Dani Fava (Carson Group), Ed Swenson (Dynasty), Molly Bennard (ex-Focus Financial), Peter Lee (Summit Trail Advisors), Chris Piazza (KKR, ex-iCapital), and David Hauser (Vanilla), among others.
In conjunction with the investment, Thicket Ventures founder and general partner Justin Wisz will join Bridge’s board of directors.
https://fintech.global/2025/10/27/ai-private-markets-os-bridge-raises-5-1m-seed-round/
AI FinTech Grasp secures $7m Series A funding round
Swedish AI company Grasp, which automates investment banking and management consulting work using multi-agent systems, has raised $7m in Series A funding to accelerate its international expansion.
The round was led by Octopus Ventures, with participation from existing investor Yanno Capital. Alongside the funding, Grasp announced the opening of its first international office in London to meet increasing global demand for its technology.
This new investment brings the company’s total funding to $9m.
Founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Devér, together with ex-Ericsson AI engineer Simon Hällqvist, Grasp develops multi-agent AI systems that replicate complex finance tasks traditionally performed by analysts.
https://fintech.global/2025/10/29/ai-fintech-grasp-secures-7m-series-a-funding-round/
Uptiq.ai Raises $12 Million to Build the Future of AI Infrastructure for Financial Services
DALLAS, October 28, 2025–(BUSINESS WIRE)–Uptiq.ai, the leader in AI infrastructure for financial services, today announced that it has raised $12 million in a new funding round led by Silverton Partners. Live Oak Venture Partners, Tau Ventures, First Capital and Green Visor Capital participated in the round.
The new capital will be used to drive large-scale adoption of Uptiq Qore — the company’s next-generation AI infrastructure platform — and make it accessible to financial institutions of all sizes. Uptiq plans to scale its distribution network, expand integration partnerships, and accelerate go-to-market programs that bring Qore to the mainstream of the financial services ecosystem.
https://finance.yahoo.com/news/uptiq-ai-raises-12-million-130000944.html
Brico bags $13.5m to automate financial licensing
AI-driven RegTech firm Brico, which automates state and federal licensing for financial institutions, has raised $13.5m in a Series A round.
The funding was led by Flourish Ventures, with participation from Restive Ventures and Pear VC. The raise comes just a year after Brico’s seed round, reflecting investor confidence in its rapid 600% growth and AI-first approach.
Founded in 2023 by Snigdha Kumar and Edward Swiac, the San Francisco-based company helps payments, digital asset, lending, and mortgage firms complete licensing up to five times faster and at a fraction of the cost.
Brico plans to use the new funds to expand licence coverage, develop predictive compliance tools, and double its workforce over the next year.
https://fintech.global/2025/10/27/brico-bags-13-5m-to-automate-financial-licensing/
Clerq Secures $21M in Funding to Power the Future of High-Ticket Payments
645 Ventures led the Series A alongside prior leads FirstMark Capital and Fika Ventures
NEW YORK–(BUSINESS WIRE)–Clerq, the next-generation payments platform for high-ticket transactions, today announced that it has secured $21 million in capital to power the future of payments. The funding includes a $12 million Series A round led by 645 Ventures, with participation from existing investors FirstMark Capital, Fika Ventures, Commerce Ventures, and Dash Fund. The Series A also included new strategic participation from Friedkin and Yossi Levi, founder of Car Dealership Guy.
Clerq has experienced rapid growth and intense demand for its payments platform in high-ticket industries that have historically been underserved by card-first incumbents.
CyberRidge secures $26m to fight quantum data threats
CyberRidge, which specialises in photonic encryption technology that makes sensitive data disappear, has emerged from stealth mode after raising a total of $26m in funding.
The company secured an initial $10m seed round led by Canadian-Israeli investment group Awz, followed by a $16m extension involving Arkin Capital, Redseed VC, Elron Ventures, and the EU Horizon-EIC programme. The new funding will accelerate the rollout of CyberRidge’s pioneering approach to securing data in transit by making it effectively unrecordable.
CyberRidge’s platform addresses one of the most pressing and often unseen cybersecurity threats: the interception and long-term storage of global data transmitted through optical fibre.
https://fintech.global/2025/10/30/cyberridge-secures-26m-to-fight-quantum-data-threats/
Defakto raises $30.75m to secure non-human identities
Defakto, a cybersecurity company specialising in non-human identity protection, has raised $30.75m in a Series B funding round led by XYZ Venture Capital.
The round also saw continued participation from The General Partnership, Bloomberg Beta, WndrCo, Adverb Ventures, and J.P. Morgan, as well as industry veteran Michael Coates, the former CISO of Twitter.
Based in the United States, Defakto — formerly known as SPIRL — is pioneering a new approach to securing non-human identities, including services, workloads, machines, pipelines, and AI agents. The company has launched the first complete Non-Human Identity and Access Management (IAM) platform, designed to replace static credentials and overprivileged service accounts with dynamic, verifiable identities across enterprise environments.
https://fintech.global/2025/10/27/defakto-raises-30-75m-to-secure-non-human-identities/
Compliance platform Formalize secures €30m boost
Formalize, a fast-growing compliance software company, has raised €30m in a Series B funding round to accelerate its expansion across Europe.
The round was co-led by Germany’s Acton Capital and France’s BlackFin Tech, with further participation from West Hill Capital and CIBC Innovation Banking.
The company, which provides an all-in-one platform for governance, risk, and compliance (GRC), aims to simplify how thousands of small and medium-sized enterprises (SMEs) navigate the EU’s evolving regulatory environment. Formalize automates compliance workflows, consolidates regulatory requirements, and enables organisations to adapt quickly to new frameworks.
With the new capital, Formalize intends to strengthen its position as Europe’s go-to compliance operations platform, particularly in key markets such as DACH and France.
https://fintech.global/2025/10/28/compliance-platform-formalize-secures-e30m-boost/
Claritev invests in Klaim to boost healthcare payments
Claritev, a global healthcare analytics and claims analysis firm, has announced a strategic investment in Klaim, an AI-powered healthcare payment acceleration company.
The investment will fund the launch of a co-branded Payment Acceleration Service, integrated within Claritev’s provider network, designed to give healthcare organisations faster and more predictable access to reimbursements across the US and MENA regions.
This collaboration marks a major step in combining Claritev’s extensive payor-provider infrastructure and ACE analytics platform with Klaim’s proven payment acceleration technology to set a new standard in healthcare finance efficiency.
Klaim specialises in enabling healthcare providers to convert pending insurance claims into near-instant liquidity. The joint platform, Claritev–Klaim Payment Acceleration, reduces the typical 30–120-day reimbursement cycle.
https://fintech.global/2025/10/28/claritev-invests-in-klaim-to-boost-healthcare-payments/
From early-pay liquidity and AI-native payments to quantum-safe encryption and legacy modernization, this week’s stories mark a turning point for financial infrastructure. The common thread is clear: AI is no longer a layer added to finance — it’s becoming the architecture itself.
As founders and investors push deeper into the systems that move money, data, and trust, the next phase of fintech will be defined not by interfaces, but by intelligence — built into the very core of how global finance operates.