Top 5 VC Deals of the Week in Fintech (1/19/26)

Fintech Funding Five

Fintech dealmaking stayed active through mid-January as capital concentrated in infrastructure-led platforms with clear monetization paths: regulated stablecoin payments, brokerage APIs, digital banking at scale, and insurance carriers built to automate underwriting and operations. The week’s largest rounds leaned toward firms positioned as “plumbing” for enterprise finance—expanding globally, securing licenses, and hardening compliance and risk controls. Outside the mega-rounds, funding also continued flowing to regionally focused platforms broadening access to fixed-income and modern payments, signaling sustained investor appetite for scalable distribution and regulated rails.

Key Highlights

• Infrastructure capital dominated as payments, brokerage, and digital banking platforms attracted the largest checks.

• Regulatory readiness remained a differentiator across stablecoin payments and full-stack insurance models.

• Global expansion narratives strengthened with Asia-led digital banking growth and cross-border product scaling.

Top 5 VC Deals in Fintech (Jan. 12-Jan. 19, 2026)

1. Rain — U.S. — Series C
   Rain raised $250 million to scale stablecoin-powered payments infrastructure for enterprises, with an emphasis on compliant expansion across multiple regions and deeper platform capabilities. The round reinforced investor conviction in stablecoins as operational rails—supporting wallet issuance, card programs, and settlement workflows that resemble traditional payments in user experience. Amount raised: $250M. Lead investors: ICONIQ (lead), alongside a broad syndicate.

2. WeLab — Hong Kong — Series D
   WeLab completed a $220 million Series D strategic financing combining debt and equity to support regional digital banking expansion and product development. The raise signaled continued momentum for scaled, regulated digital banking models in Asia, with proceeds positioned to fund growth initiatives and broaden distribution. Amount raised: $220M. Lead investors: HSBC (lead), with additional strategic and institutional participants.

3. Alpaca — U.S. — Series D
   Alpaca raised $150 million to expand its brokerage infrastructure APIs, supporting partners that want to embed investing capabilities across platforms and geographies. The financing also included an additional credit facility, strengthening the balance sheet as the company pushes regulatory coverage and product breadth. Amount raised: $150M. Lead investors: Drive Capital (lead), with participation from strategic financial services firms and institutional investors.

4. Corgi — U.S. — Seed + Series A (total disclosed funding)
   Corgi disclosed $108 million in funding tied to seed and a Series A round as it moved forward with a licensed, full-stack insurance carrier model built for startups. The company is positioning automation across underwriting, claims, and policy administration as a core operating advantage, aiming to reduce friction and improve coverage fit for fast-changing startup risks. Amount raised: $108M (combined). Lead investors: Backed by Y Combinator and Kindred Ventures, with a broad investor group.

5. Wint Wealth — India — Series B
   Wint Wealth raised ₹250 crore (~$27.7 million) to accelerate retail adoption of corporate bond investing and strengthen its regulated fixed-income platform operations. The round reflects continued demand for digital distribution of traditionally institutional asset classes, with capital earmarked for product expansion and broader market reach. Amount raised: ~$27.7M. Lead investors: Vertex Ventures Southeast Asia & India (lead), with participation from existing investors.