And the money keeps rolling…….
The fintech and digital wealth space stayed lively in late April, with money pouring into everything from brokerage infrastructure to landlord insurance tech. Nonprofit grant platforms grabbed some love too, along with payments, private markets, and SaaS financial tools. The action wasn’t just stateside either — Europe and the Middle East got in on the funding fun as well.
1Key Developments in This Week’s Fintech Fundings:
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Financial Infrastructure and SaaS Platforms Dominate – Companies like Instrumentl ($55M), Alpaca ($52M), and Toku ($48M) drew major investment by modernizing brokerage, grants management, and accounts receivable workflows.
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Insurtech Stays Hot with Specialized Products – Steadily ($30M) reflects continuing investor confidence in verticalized insurance platforms, particularly in the real estate sector.
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International Expansion in Private Markets and Payments – Platforms like Zest Equity (Dubai) and Next Generation (Paris) are building digital ecosystems for private transactions and payments outside traditional financial hubs.
Up next are this week’s top 5 VC deals…
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Top 5 Funded Deals:
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Instrumentl
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Location: Oakland, CA
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Description: Instrumentl provides a full-lifecycle grant management solution, helping nonprofits and universities streamline fundraising and grant tracking.
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Funding Amount: $55M
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Funding Round: Funding round not specified
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Alpaca
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Location: New York City, NY
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Description: Alpaca operates as a self-clearing broker-dealer offering brokerage infrastructure APIs for fintechs, trading apps, and embedded investing platforms.
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Funding Amount: $52M
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Funding Round: Series C
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Toku
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Location: San Francisco, CA
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Description: Toku provides an account receivable SaaS platform that helps subscription businesses automate billing, collections, and cash flow management.
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Funding Amount: $48M
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Funding Round: Series A
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Steadily
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Location: Austin, TX, and Overland Park, KS
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Description: Steadily offers landlord insurance for rental property owners across the U.S., combining digital ease with customized coverage options.
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Funding Amount: $30M
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Funding Round: Series C (valuation at $335M)
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Roh
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Location: New York City, NY
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Description: Roh operates a payments management platform designed specifically for the hospitality industry, simplifying transactions for hotels and restaurants.
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Funding Amount: $9.2M
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Funding Round: Financing round
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This post was written by DWN staff with the assistance of ChatGPT, utilizing data from FinSMEs
