What are the latest funding news in the FinTech Market? (October 2026)
Whether you're building or investing in the FinTech market, our report covers everything you need to know: the players, the money, and what's coming next.
FinTech funding in early October 2026 was concentrated in businesses rebuilding the infrastructure behind lending, payments, insurance, treasury and financial operations.
The 12 latest qualifying deals ranged from a $2.25M pre-seed round for Computis to a $150M Series D for mortgage technology company Valon.
Seven of the 12 companies primarily sell financial software or infrastructure to businesses, showing how strongly recent FinTech investment has shifted toward B2B products.
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Insights
- B2B FinTech dominated the latest activity: seven of the 12 funded companies primarily provide financial infrastructure or workflow software to businesses rather than consumer-facing financial apps.
- Capital was concentrated at the top: Valon, Capitolis and Homeward raised $390M of equity combined, representing well over half of the capital raised across these 12 FinTech deals.
- Mortgage technology attracted two very different stages of capital: Valon secured a $150M Series D while Elio Mortgage raised a $5.1M pre-seed, showing investor appetite from infrastructure scale-up to new AI-native origination models.
- Artificial intelligence is becoming embedded inside financial workflows: Cleavr, Nettle, Valon, FRANK, Computis and Elio use AI for specific finance tasks such as collections, insurance risk analysis, servicing, accounting and mortgage origination.
- Insurance technology accounted for two of the 12 deals: Nettle focuses on commercial insurance loss control while FRANK automates broker operations, highlighting investment beyond consumer insurance distribution.
- European FinTech remained particularly active: Cleavr, Spiko, finmid, FRANK and Computis all have European roots, covering receivables, treasury management, embedded lending, insurance software and accounting.
- FinTech infrastructure is moving deeper into regulated operations: recent rounds are funding underwriting, mortgage servicing, licensing, banking relationships, regulated lending and institutional balance-sheet management rather than lightweight financial interfaces.
- Spiko's $90M Series B stands out for its stage: the treasury technology company raised an amount close to the much later Series D rounds, reflecting the scale investors see in tokenised cash-management infrastructure.
Written by the New Market Pitch teamWe track new markets so founders and investors can move faster. About us
In our report covering the fintech market, you will always find fresh funding data, taken straight from our own verified funding database.
Summary table of the latest funding deals in the FinTech Market as of October 2026
We define the FinTech market as technology-led products and services that deliver or improve financial activities.
We include digital payments, banking, lending, investing, insurance technology and financial infrastructure.
We exclude non-financial software, conventional financial institutions without a distinct technology offering and crypto projects without a financial use.
| Name | When | Amount in $ | Round Type | Category |
|---|---|---|---|---|
| Cleavr | 6 October 2026 | ~$9.0M | Seed | B2B financial operations & accounts receivable |
| Spiko | 6 October 2026 | $90M | Series B | Treasury technology & money-market infrastructure |
| Nettle | 6 October 2026 | $4.8M | Seed | InsurTech & loss-control infrastructure |
| Capitolis | 6 October 2026 | $120M equity | Series E | Capital-markets infrastructure & institutional FinTech |
| finmid | 6 October 2026 | ~$19.1M | Series A extension | Embedded finance & B2B lending |
| Valon Technologies | 5 October 2026 | $150M | Series D | Mortgage technology & lending infrastructure |
| Homeward | 1 October 2026 | $120M equity | Series D | Home financing & bridge lending |
| FRANK | 1 October 2026 | ~$3.3M | Equity funding | InsurTech & broker infrastructure |
| Computis | 1 October 2026 | ~$2.25M | Pre-seed | SME accounting & financial software |
| Walapay | 1 October 2026 | $4.6M | Seed | Cross-border payments & payments infrastructure |
| Seeds Fincap | 1 October 2026 | $10.4M+ | Series B | SME lending & financial inclusion |
| Elio Mortgage | 29 September 2026 | $5.1M | Pre-seed | Mortgage origination & digital lending |
All the latest funding deals in the FinTech Market as of October 2026
Cleavr raised approximately $9.0M in a Seed round in October 2026.
When was it?
Cleavr announced the financing on 6 October 2026.
Who are they?
Cleavr automates accounts receivable by chasing invoices, managing disputes, reconciling payments and giving finance teams a live view of outstanding cash.
Geographical focus?
Cleavr is based in Paris and is expanding across Europe, with customers in France, Spain, Germany, Belgium, Italy and the UK.
Why do we include them in the FinTech Market?
Cleavr belongs in the FinTech Market because its core product manages invoice collection, receivables, payment reconciliation and working capital for businesses.
What is the company stage?
Cleavr is at early PMF and early growth, with more than 100 businesses already using its product across several European markets.
How much did they raise?
Cleavr raised €8M, equivalent to approximately $9.0M using the October 2026 exchange rate.
What round is it?
Cleavr raised a Seed round led by Varsity.
Why did they raise?
Cleavr raised the capital to expand across Europe and develop more AI automation across the invoice-to-cash process.
In our research about fintech companies, we turn what is vague and complex into simple, useful visuals. Market maps like this one show you at a glance where every startup stands.
Spiko raised $90M in a Series B round in October 2026.
When was it?
Spiko announced the Series B on 6 October 2026.
Who are they?
Spiko provides tokenised money-market funds and automated treasury tools that help businesses invest idle cash while keeping it accessible.
Geographical focus?
Spiko operates from Paris and London and serves customers across more than 25 jurisdictions with products in several major currencies.
Why do we include them in the FinTech Market?
Spiko is a FinTech pure player because treasury management, investment products and financial-market infrastructure make up its core offering.
What is the company stage?
Spiko is in the growth stage, with more than 10,000 businesses and individuals using its funds and reported assets under management of $2.7B.
How much did they raise?
Spiko raised $90M in new equity financing.
What round is it?
Spiko raised a Series B led by New Enterprise Associates.
Why did they raise?
Spiko raised the capital to launch additional funds, enter more markets, expand local operations and continue developing its treasury infrastructure.
Nettle raised $4.8M in a Seed round in October 2026.
When was it?
Nettle announced the Seed financing on 6 October 2026.
Who are they?
Nettle gives commercial insurers an AI workspace for collecting inspection evidence, identifying hazards, analyzing sites and producing loss-control reports.
Geographical focus?
Nettle operates between London and New York and is expanding primarily across the United States and Europe.
Why do we include them in the FinTech Market?
Nettle belongs in FinTech because its software is built specifically for commercial insurance loss control, risk assessment and underwriting operations.
What is the company stage?
Nettle is at early PMF, with a live product already used by commercial insurers and the new financing focused on scaling deployments.
How much did they raise?
Nettle raised $4.8M.
What round is it?
Nettle raised an oversubscribed Seed round led by MTech.
Why did they raise?
Nettle raised the funding to expand in the US and Europe, grow its engineering and sales teams and scale its insurance risk-inspection technology.
Capitolis raised $120M of Series E equity in October 2026.
When was it?
Capitolis announced the financing on 6 October 2026.
Who are they?
Capitolis provides technology that helps banks and institutional investors optimize balance sheets, move capital and reduce exposures across large trading portfolios.
Geographical focus?
Capitolis is headquartered in New York and serves the global institutional capital-markets industry.
Why do we include them in the FinTech Market?
Capitolis belongs in FinTech because its core business is technology and financial infrastructure for banks, dealers and institutional investors.
What is the company stage?
Capitolis is a late-growth FinTech with major global banks as investors, customers and strategic partners.
How much did they raise?
Capitolis raised $120M of equity as part of a $220M financing package that also included $100M of debt.
What round is it?
Capitolis raised a Series E equity round at a reported $1.9B valuation.
Why did they raise?
Capitolis raised the financing to support its acquisition of eSecLending and broaden its capital and balance-sheet optimization platform.
In our market report about fintech companies, we always try to gather several sources and make estimates that make sense, so you can work with solid numbers.
finmid raised approximately $19.1M in a Series A extension in October 2026.
When was it?
finmid announced the financing on 6 October 2026.
Who are they?
finmid lets marketplaces and software platforms embed business loans, cash advances and asset financing directly into their products.
Geographical focus?
finmid focuses on Europe and supports embedded lending across more than 30 markets, including the EU, UK and Switzerland.
Why do we include them in the FinTech Market?
finmid belongs in FinTech because regulated lending, underwriting and embedded finance infrastructure are the core of its business.
What is the company stage?
finmid is at the growth stage, with established platform partnerships and billions of euros in financing offers distributed across European markets.
How much did they raise?
finmid raised €17M, equivalent to approximately $19.1M.
What round is it?
finmid described the financing as an extension of its Series A.
Why did they raise?
finmid raised the capital to expand into vehicle and asset financing and strengthen its funding and underwriting infrastructure.
Valon Technologies raised $150M in a Series D round in October 2026.
When was it?
Valon Technologies announced the round on 5 October 2026.
Who are they?
Valon Technologies builds an AI-native mortgage servicing system that manages loan data, payments, compliance, investor reporting and homeowner servicing.
Geographical focus?
Valon Technologies primarily serves the United States mortgage market.
Why do we include them in the FinTech Market?
Valon Technologies belongs in FinTech because mortgage servicing and regulated lending infrastructure are the company's core products.
What is the company stage?
Valon Technologies is in late-stage growth and is deploying its mortgage operating system with large financial institutions.
How much did they raise?
Valon Technologies raised $150M at a reported $2.3B valuation.
What round is it?
Valon Technologies raised a Series D round with Ribbit Capital joining as a major new investor.
Why did they raise?
Valon Technologies raised the capital to accelerate ValonOS adoption, deploy more AI capabilities and hire across product, engineering, sales and implementation.
Homeward raised $120M of Series D equity in October 2026.
When was it?
Homeward announced the Series D on 1 October 2026.
Who are they?
Homeward finances home transactions so buyers can make cash-backed offers or purchase a new property before selling their existing home.
Geographical focus?
Homeward operates in the United States and plans to expand its financing products across all 48 contiguous states.
Why do we include them in the FinTech Market?
Homeward belongs in FinTech because cash-backed offers, bridge financing and home-purchase financing are central to its business model.
What is the company stage?
Homeward is a late-growth company with a scaled financing platform and a nationwide expansion strategy.
How much did they raise?
Homeward raised $120M of equity alongside a separate $330M asset-backed debt facility.
What round is it?
Homeward raised a Series D led by Saluda Grade.
Why did they raise?
Homeward raised the equity to expand its cash-offer and bridge-financing products, improve its technology and grow nationwide.
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FRANK raised approximately $3.3M in an equity round in October 2026.
When was it?
FRANK announced the funding round on 1 October 2026.
Who are they?
FRANK provides AI agents that help insurance brokers request quotes, update customer records and follow claims across insurer systems.
Geographical focus?
FRANK was founded in Portugal and is preparing to expand its insurance automation platform internationally.
Why do we include them in the FinTech Market?
FRANK belongs in FinTech because its product is built specifically for insurance distribution and brokerage operations.
What is the company stage?
FRANK is at early PMF, with more than 350 insurance agencies and brokerages using the platform in Portugal.
How much did they raise?
FRANK raised €2.9M, equivalent to approximately $3.3M.
What round is it?
FRANK announced an equity funding round without assigning it a conventional Seed or Series label.
Why did they raise?
FRANK raised the capital to improve its technology, strengthen broker support and prepare for international expansion.
Computis raised approximately $2.25M in a pre-seed round in October 2026.
When was it?
Computis announced the pre-seed financing on 1 October 2026.
Who are they?
Computis combines AI accounting software with bookkeepers and partner accountants to automate invoices, reconciliations, documents and financial reporting for SMEs.
Geographical focus?
Computis is based in Milan and initially focuses on small and medium-sized businesses in Italy.
Why do we include them in the FinTech Market?
Computis belongs in FinTech because accounting, bank reconciliation and company financial data management make up its core product.
What is the company stage?
Computis is at the early-product and pre-seed stage, with the company still building out its software, operations and distribution.
How much did they raise?
Computis raised €2M, equivalent to approximately $2.25M.
What round is it?
Computis raised a pre-seed round led by Techshop Capital.
Why did they raise?
Computis raised the capital to grow customer acquisition, develop its accounting product and expand its operational team.
Walapay raised $4.6M in a Seed round in October 2026.
When was it?
Walapay announced the Seed financing on 1 October 2026.
Who are they?
Walapay provides one API for issuing accounts, collecting funds, converting currencies and sending cross-border payments through local financial rails.
Geographical focus?
Walapay serves customers globally, with direct local payment integrations across Latin America, Africa and Asia.
Why do we include them in the FinTech Market?
Walapay belongs in FinTech because payments, foreign exchange, account issuance and payout infrastructure make up its core business.
What is the company stage?
Walapay is an early-growth Seed company and reported approximately $2.5B in annualized payment volume at the time of the round.
How much did they raise?
Walapay raised $4.6M.
What round is it?
Walapay raised a Seed round led by Generative Ventures.
Why did they raise?
Walapay raised the capital to secure more regulatory licences, deepen banking relationships, expand payment infrastructure and grow its team.
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Seeds Fincap raised more than $10.4M in a Series B round in October 2026.
When was it?
The earliest public coverage of Seeds Fincap's Series B appeared on 1 October 2026.
Who are they?
Seeds Fincap uses technology and cash-flow-based underwriting to provide business loans to small and underserved enterprises in India.
Geographical focus?
Seeds Fincap focuses on India, particularly nano businesses and SMEs in rural and semi-urban markets.
Why do we include them in the FinTech Market?
Seeds Fincap belongs in FinTech because technology-led credit assessment, digital lending and small-business financing are central to its operations.
What is the company stage?
Seeds Fincap is in the growth stage and already profitable, with more than 70,000 active borrowers and 164 branches reported around the funding round.
How much did they raise?
Seeds Fincap raised more than ₹1B, reported as approximately $10.4M.
What round is it?
Seeds Fincap raised a Series B led by the Michael & Susan Dell Foundation.
Why did they raise?
Seeds Fincap raised the capital to open branches, hire field employees, strengthen technology and risk systems and grow its lending portfolio.
Elio Mortgage raised $5.1M in a pre-seed round in September 2026.
When was it?
Elio Mortgage's earliest verified funding announcement was published on 29 September 2026.
Who are they?
Elio Mortgage is building an AI-native mortgage brokerage that automates loan origination while human loan officers focus on advice and customer relationships.
Geographical focus?
Elio Mortgage focuses on the United States and plans to expand its mortgage licences nationwide.
Why do we include them in the FinTech Market?
Elio Mortgage belongs in FinTech because it directly originates mortgages and uses proprietary technology to automate the lending workflow.
What is the company stage?
Elio Mortgage is at the launch and pre-seed stage after emerging from stealth with its initial operating model.
How much did they raise?
Elio Mortgage raised $5.1M.
What round is it?
Elio Mortgage raised a pre-seed round co-led by Motive Partners and Social Leverage.
Why did they raise?
Elio Mortgage raised the capital to build its AI mortgage platform, expand licences across the US and recruit loan officers.
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Written by the New Market Pitch teamWe track new markets so founders and investors can move faster. About us