ICYMI fintech funding round-up: Flanks, Amnis, FairPlay, and more
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up so you can get the latest funding news.
Flanks bags €14 million
Barcelona-based fintech Flanks has secured a €14 million funding round led by US VC firm Motive Ventures.
The round was further supported by new investor Battery Ventures alongside existing backers Earlybird, JME Ventures, and 4Founders Capital.
Founded in 2018, Flanks’ wealthtech solution aggregates complex data to provide wealth management professionals with portfolio insights, custom projections, and client reporting.
The company says its tech enables advisors “to make faster, more informed investment and risk management decisions”.
The new funding, which builds upon the firm’s $8 million Series A in 2023, has been earmarked to drive its European expansion and has already been utilised to fuel growth in France and the UK.
Furthermore, the company plans to further develop its product capabilities, revealing plans to add order execution and automated investment proposals to its suite.
Amnis, a Swiss fintech offering an international banking platform built for small and medium-sized enterprises (SMEs), has landed a $10.9 million (CHF 10 million) Series B funding round led by Swisscom Ventures.
The round also included support from existing investors and a $2.2 million (CHF 2 million) non-dilutive debt facility from growth capital investor Lendity.
Founded in 2014, Amnis serves European SMEs with global transaction banking services, including cross-border and local payments, currency exchange, real-time transfers, and local accounts in Switzerland, Great Britain, Germany, and the US.
With over 3,000 clients in 35 countries, Amnis says it intends to leverage its new capital to “start business operations in additional European countries” and enhance its product offerings with embedded card solutions, e-commerce capabilities, and further accounting integrations.
FairPlay secures $10 million
US fintech FairPlay has bagged a $10 million investment from Infinity Ventures, JP Morgan Chase, and Nyca Partners.
Founded in 2020, FairPlay positions itself as “the world’s first Fairness-as-a-Service company”, providing a decision-making solution for credit lending which it says can enable lenders to identify and mitigate bias in their credit models.
The funding, which adds to the firm’s $10 million Series A raised in 2022, will support FairPlay’s mission to build “fairness infrastructure for the internet, thereby creating greater safety for all consumers in today’s race to AI adoption”, according to a company statement.
Quanta, an AI-powered accounting service for software businesses, has secured $4.7 million in a seed funding round led by Accel.
The round also featured participation from Basecase, Comma Capital, Designer Fund, and Operator Collective, alongside a group of angel investors.
Quanta has developed an AI-powered offering that “automates data population, validation, and interpretation” to streamline accounting workflows by automating manual tasks.
Quanta’s founder and CEO, Helen Hastings, says the company’s vision is to “automate all repetitive aspects of accounting”.
According to a TechCrunch report, the funding will be used to scale its client base from early-stage software companies to larger businesses.
Bourn bags £1.5 million
London-based fintech start-up Bourn has raised a £1.5 million seed round led by UK VC firm Haatch.
The round saw additional participation from Aperture, Love Ventures, and Portfolio Ventures, as well as a consortium of private investors.
Founded in 2024, Bourn offers a Flexible Trade Account for businesses that it says “reinvents the business overdraft by combining an operational payment account with a revolving credit facility that connects directly to a business’s accounting system and bank accounts”.
“Funding limits adjust dynamically based on outstanding invoices, debtor payments, and insights from Bourn’s proprietary risk engine,” the company adds.
The offering also provides real-time insights, AI assistants, and automated cash flow management tools.
The company has also announced the appointment of Leda Glyptis, a regular FinTech Futures contributor and industry expert, as a non-executive board member.
Shiboleth, a San Francisco-headquartered start-up, has launched from stealth with a $1.5 million investment.
The Y Combinator-backed company provides an AI-driven platform which automates consumer lending compliance, aiming to reduce manual audits and help financial institutions of all sizes “stay ahead of evolving regulations”.
Esty Scheiner, co-founder of Shiboleth, explains: “We’re bringing the same level of automation and precision to compliance that security teams have relied on for years to help institutions of all sizes proactively manage risk with confidence.”
Kani to expand into the US
UK-based payment reconciliation and reporting platform Kani Payments has secured a “multi-million pound” Series A investment round led by Maven Capital Partners.
Founded in 2018, Kani claims its Software-as-a-Service (SaaS) platform has reconciled over €24 billion in processed payments across the globe.
According to CEO Aaron Holmes, “Maven’s backing will accelerate our platform development and global expansion, particularly as we see increasing opportunities in markets where regulatory compliance and payment reconciliation complexity continue to grow”.
Specifically, Kani intends to focus on “emerging opportunities in the US market” while also expanding its staff headcount.
PassEntry, a London-based issuer of digital passes including loyalty cards and membership passes, has bagged an undisclosed sum in a strategic investment round led by Bonsai Partners and Acurio Ventures.
Founded in 2020, PassEntry enables businesses to distribute and manage digital passes, aiming to improve membership, loyalty, and ticketing processes.
The cash injection has been earmarked to fuel the firm’s impending expansion into “five new countries” with a focus on the North American and APAC markets.
By the end of 2025, PassEntry says it aims to have a “presence in more than 10 major markets”, anticipating that its expansion will lead to a 300% increase in its client base.
