Builders in Fintech — Friday 30 October: Kalshi raises $1B, 1 more round
Kalshi raised $1 billion at a $40 billion valuation, co-led by Sequoia and Wellington, as it moves from event contracts toward a multi-asset exchange. Collective raised $100 million for solo-business finance, Disruptive announced a $10 billion flagship fund, and Mollie put more than 60 payment workflows inside Claude and ChatGPT. Hercle joined Bancomat's Eur.Bank euro stablecoin project.
The editor
The lead
Kalshi raises $1B at $40B valuation as it expands beyond prediction markets
Kalshi has raised $1 billion at a $40 billion valuation, co-led by Sequoia Capital and Wellington Management.
Kalshi's $40 billion price treats prediction markets as exchange infrastructure, putting a fintech startup on a direct path against CME and ICE in futures, with regulatory fights over state gambling law still unresolved.
Rounds · last 7 days: 37 · Funding Index (2026-W43): 228
Our news
Collective raises $100M to build the financial OS for solo businessesCollective has announced $100 million in new funding: a $40 million Series B led by General Catalyst, QED Investors and Gradient Ventures, plus a $60 million…
- Disruptive announces $10B Flagship Fund, its first blind pool, to back about 10 late-stage companies
Disruptive has announced the Disruptive Flagship Fund, a $10 billion vehicle that plans to invest up to $1 billion each in about 10 growth and late-stage…
Image: tech.eu Entourage closes €100M Fund II for pre-seed and seed startups in AI, robotics and deeptechEntourage has closed its second fund at €100 million, after passing its initial €75 million target within two weeks and then capping the fund.
Image: hercle.com Hercle joins Bancomat's Eur.Bank euro stablecoin projectBancomat, Italy's domestic payment circuit, has announced that Hercle is joining Eur.Bank, its euro-denominated stablecoin project.
Image: tech.eu BY Venture Partners closes $60M Fund III and opens a Lisbon officeBY Venture Partners has closed its third fund at $60 million and opened a Lisbon office.
- Mollie launches Claude and ChatGPT plugins to run 60+ payment and finance workflows by conversation
Mollie has launched official plugins for Claude and ChatGPT, together with an upgraded open Model Context Protocol server, so merchants can run more than 60…
Image: leaprate.com Uzum Bank reports 142,000 Apple Pay sign-ups in the first 24 hours in UzbekistanMore than 142,000 Uzum Bank customers added Visa cards to Apple Wallet in the first 24 hours after Apple Pay went live in Uzbekistan on 27 October, according…
- Lovable opens its first London office with 70 staff, targeting 100 by year-end
Lovable has opened its first London office, with about 70 people and a plan to reach 100 by the end of the year.
The rounds
| Company | Round | Lead investor | Amount |
|---|---|---|---|
| Kalshi source | undisclosed | Sequoia Capital | $1B |
| PhotonPay source | Series C | Blockchain Capital | $40M |
Quick hits
Crypto
- US Ibis emerged from stealth with a $250 million credit facility from FalconX for crypto trading firms and closed a pre-seed round led by FalconX, with Anchorage Digital Bank as custody and design partner. — PR Newswire
- US Galaxy applied to the OCC to establish Galaxy National Bank, a New York national trust bank for custody, trading, staking and fiduciary advisory services, subject to approval. — PR Newswire
Payments
- MX Clip acquired business-management software maker Pulpos and appointed Debra Chrapaty to its board; Pulpos keeps its own brand and team, and merchants keep their accounts and terms. — PR Newswire
- US Mastercard reported third-quarter net revenue of $9.8 billion, up 14%, and net income of $4.6 billion, with gross dollar volume up 7% and purchase volume up 9% in local currency. — Mastercard (SEC filing)
Number of the day
228
41 rounds this week · baseline 18
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