Bold Bets & Big Buys
A quieter week by mega-round standards still cleared ~US$344m across fintech and digital-asset infrastructure, led by bank-grade payment rails (Fnality) and crypto infrastructure (Zerohash). Asia chipped in with a Hong Kong stablecoin unicorn (RedotPay), while Europe added AI accounting (Light) and transfer-agency tech (Zilo)
Key Highlights:
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Institutional rails take center stage: Fnality’s $136M round underscored strong bank demand for wholesale payment settlement and tokenized-asset infrastructure.
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Crypto infrastructure ascends: Zerohash secured $104M with backing from major Wall Street names, highlighting mainstream adoption of stablecoin and tokenization plumbing.
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AI and wealth tech attract attention: RedotPay, Light, and Zilo pulled in growth rounds to expand payments, automate accounting, and modernize fund administration across APAC, Europe, and global wealth hubs.
Top 5 Deals (9/23/25-9/29/25)
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Fnality – United Kingdom (Series C)
Overview: London-based blockchain payments firm expanding wholesale settlement systems (Fnality Payment System) and tools for tokenized-asset settlement.
Amount Raised: US$136 million
Lead Investors: Bank of America and Citi; joined by WisdomTree, Temasek, Tradeweb and other financial institutions. -
Zerohash – United States (Series D-2)
Overview: Chicago crypto/stablecoin infrastructure enabling banks, brokers and fintechs to offer trading, stablecoin products and tokenization.
Amount Raised: US$104 million
Lead Investors: Interactive Brokers (lead), with Morgan Stanley, Apollo, SoFi and others participating. -
RedotPay – Hong Kong (Strategic investment)
Overview: Stablecoin-based payments platform (cards, multicurrency wallets, global payouts) reaching unicorn status; capital aimed at compliance and corridor expansion.
Amount Raised: US$47 million
Lead Investors: Coinbase Ventures (new), with Galaxy Ventures and Vertex Ventures increasing commitments; plus an undisclosed global tech entrepreneur. -
Light – Denmark (Series A)
Overview: Copenhagen AI accounting-automation fintech targeting U.S. expansion (AP, reconciliation and close automation for finance teams).
Amount Raised: US$30 million
Lead Investors: Balderton Capital. -
Zilo – United Kingdom (Series A2)
Overview: Cloud-native transfer-agency software replacing legacy TA/fund-admin systems for asset and wealth managers.
Amount Raised: US$27 million (≈£20m)
Lead Investors: Portage, with participation from State Street, existing shareholders and management.
Make sure to check out our weekly column covering the leading venture deals in fintech worldwide right here!
Content provided by DWN’s team with the assistance of ChatGPT
