Builders in Fintech — Monday 19 October: Stand raises $1B, 11 more rounds
The week opens with a $1 billion insurtech and an accounting firm that writes its own software. Stand raised $70 million from Saga Ventures to insure homes exposed to natural catastrophes, and Lyon-based Dougs took €50 million to let agents produce the accounts its chartered accountants sign. Wise raised its full-year outlook after 21% revenue growth, Bridgit passed A$1.7 billion in debt funding for buy-now-sell-later loans, and Deutsche Bank confirmed crypto custody arrives in Germany within weeks and in Asia next year.
The editor
The lead
Stand raises a $70M Series C at a $1B valuation led by Saga Ventures to insure homes exposed to natural catastrophes
Stand has raised a $70 million Series C led by Saga Ventures, valuing the insurtech at $1 billion.
A physics-based home model that prices resilience rather than history has now reached unicorn status, which gives every insurer a working example of risk pricing that rewards customers for reducing exposure.
Rounds · last 7 days: 37 · Funding Index (2026-W42): 204
Our news
Image: australianfintech.com.au Bridgit passes A$1.7B in total debt funding as Macquarie increases its credit facility for buy-now-sell-later bridging loansSydney-based Bridgit said Macquarie Bank's Commodities and Global Markets Group has increased its existing credit facility, taking total funding from its two…
Wise raises its full-year outlook as Q2 net revenue grows 21% to $739.1M and cross-border volume reaches $71.7BWise now expects fiscal 2027 net revenue growth of 17.5% to 20% at constant currency, the upper half of its 15% to 20% medium-term range, after a second…
- Deutsche Bank plans to launch crypto custody in Germany within weeks and take it to Asia in 2027
Deutsche Bank will launch its crypto custody service in Germany in the coming weeks and extend it to Asia in 2027, corporate bank co-head Bernd Podobnik told…
Image: techcabal.com Moniepoint UK reports $36,284 in 2025 revenue as the group winds down its MonieWorld remittance productWhat is new: Moniepoint UK Limited, the UK subsidiary of Nigerian fintech unicorn Moniepoint, reported $36,284 in revenue for 2025 in filings with UK…
Image: finanzwire.com Saber Money raises strategic funding from Tether and CMCC Global's Titan Fund to expand stablecoin payments into Asia-Pacific and the GulfSan Francisco-based Saber Money has raised strategic funding from Tether and Hong Kong-based CMCC Global's Titan Fund.
Image: fundmomentum.vc Oraseya Capital doubles its fund to AED1B ($272M) and raises its maximum cheque to $6MOraseya Capital, the venture arm of Dubai Integrated Economic Zones Authority (DIEZ), has doubled its fund from AED500 million to AED1 billion, about $272…
The rounds
| Company | Round | Lead investor | Amount |
|---|---|---|---|
| Stand source | Series C | — | $1B |
| Chariot Claims source | Series A | Silverton Partners | $10M |
| Zaria source | Seed | — | $5.2M |
| Zaria Systems source | Seed | Lightspeed Venture Partners | $5.2M |
| Kuunda source | Secondary sale | E4E Africa | $5M |
| Brandwatch source | Fund VI (first close) | British Business Bank | €60M |
| Dougs source | — | — | €50M |
| Dougs source | Growth round | Expedition Growth Capital | €50M |
| Wiremind source | — | — | €35M |
| Fruga source | undisclosed | — | £1M |
| Salmon Group source | undisclosed | — | PHP 8.8B |
| RedOwl source | Seed | Tidal Ventures | AUD 5.3M |
Quick hits
Lending
- US Zaria Systems raised a $5.2 million seed led by Lightspeed for real-time structured finance infrastructure and has applied to the OCC for a special-purpose national trust bank charter. — FinTech Global
Other
- AU RedOwl, a Melbourne fintech that finds margin leakage in invoices and spending, raised an A$5.3 million seed led by Tidal Ventures at a valuation close to A$40 million. — RedOwl
- US Acorns acquired Frich, a 1.6 million-member community where young Americans learn about money from each other, with co-founders Katrin Kaurov and Aleksandra Medina joining to lead education and community. — PYMNTS
Payments
- SG Ant International obtained Retail Payment Services and Stored Value Facilities licences from the Central Bank of the UAE, a step towards Antom merchant acquiring and WorldFirst accounts in the country. — The Paypers
- FR 3Pay, the Lyon fintech whose Mastercard card lets patients pay healthcare costs without advancing insured amounts, acquired the assets and team of MoneyTrack alongside a €1.5 million raise. — Maddyness
Crypto
- SG StraitsX partnered with Visa to extend its stablecoin card issuing infrastructure beyond Asia to more than 100 markets, after passing US$6 billion in annualised card volume. — The Paypers
- KY Polygon Labs completed its acquisition of US-regulated crypto payments provider Coinme and expects its payments business to be profitable in 2027, CEO Marc Boiron told CoinDesk. — CoinDesk
Number of the day
204
33 rounds this week · baseline 16.17
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