Ramp, Risk & Real-Time Automation
Late-stage fintech VC continues its summer surge, with Ramp’s half-billion-dollar raise dominating headlines. Meanwhile, infrastructure, compliance, and capital markets platforms drew major backing — all showcasing how AI is redefining how financial institutions operate, automate, and scale.
Key Highlights:
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Ramp’s $500M round reestablishes mega-late-stage fintech as a viable path to profitability and public readiness.
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Saphyre’s post-trade automation platform attracted growth equity to modernize capital markets workflows.
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Xelix and Salient reflect growing VC appetite for verticalized AI-driven automation across back-office finance.
1. Ramp – USA
AI-powered corporate spend and finance automation platform
Amount Raised: $500 million
Round Type: Series E‑2
Lead Investors: ICONIQ (with Founders Fund, Thrive Capital, GIC, General Catalyst, and Coatue)
2. Saphyre – USA
Capital markets post-trade platform digitizing pre- and post-trade workflows
Amount Raised: $70 million
Round Type: Growth investment
Lead Investor: FTV Capital
3. Xelix – UK
Accounts payable intelligence platform using AI to detect errors, fraud, and risks
Amount Raised: $160 million
Round Type: Series B
Lead Investor: Insight Partners (joined by LocalGlobe and Passion Capital)
4. Salient – USA
AI-powered loan servicing and post-origination automation platform
Amount Raised: $60 million
Round Type: Series A
Lead Investors: Andreessen Horowitz (co-led by Matrix Partners, with participation from Michael Ovitz)
5. Vanta – USA
Automated compliance and security monitoring platform
Amount Raised: $150 million
Round Type: Series D
Lead Investors: Wellington Management, Atlassian Ventures, Goldman Sachs, Sequoia Capital, JPMorgan, CrowdStrike Ventures
