The checkbooks were opened this week as several fintechs announced impressive raises.
Canton Creator Digital Asset Raises $355M
Andreesen Horowitz’s crypto fund, a16z crypto, led a $355 million funding round for Digital Asset, the creator of Canton, this week. Additional participants included 7RIDGE, ABN Amro, the Abu Dhabi Investment Authority (through a wholly owned subsidiary), Alumni Ventures, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, iCapital, Liberty City Ventures, Optiver, Polychain, R136 Ventures, S&P Global, SBI Group, Smash Capital, SoFi, Tradeweb, and William Blair.
The funds will be dedicated to product development, developer and financial institution engagement, and network growth.
“One of the most compelling blockchain opportunities is no longer theoretical; it is emerging as real-world assets and institutional workflows move on-chain,” said Ali Yahya, general partner at a16z crypto. “Digital Asset has built one of the clearest examples of blockchain product-market fit in regulated finance. We believe that Digital Asset is building foundational infrastructure for the next generation of financial markets.”
Canadian Fintech KOHO Raises $93M, Valued at $950M
KOHO raised $93 million ($130 million CAD) as it seeks a federal banking license. Participants include Mubadala, an Abu Dhabi-based sovereign investor; Savano Capital; Tobi Lütke, founder and CEO of Shopify; Michael Linford, COO of Affirm; Portage Ventures; Drive Capital; BDC Capital; HOOPP; and Eldridge.
The funding brings KOHO to a $1.33 billion CAD valuation, making it a Canadian unicorn. Its USD valuation is just below at $950 million.
KOHO serves more than 2.5 million Canadians and has raised $507 million CAD to date.
$80M Series E Leaves Current With $1.5B Valuation
Consumer fintech Current this week announced an $80 million Series E equity financing at a $1.5 billion valuation. Springcoast Partners led the round. Previous backers include Andreessen Horowitz, Tiger Global Management, Avenir, Foundation Capital, Wellington Management, Sapphire Ventures and QED Investors.
Current concurrently expanded its financing partnership with Cross River and expanded and extended its existing multi-year commitment from General Catalyst’s Customer Value Fund.
Springcoast Partners joins Current’s board.
EDGE Markets Welcomes $29.2M Series A
EDGE Markets, a financial services company that creates products for alternative financial markets in the gaming, crypto, and prediction markets space, has closed a $29.2 million Series A round led by CoinFund. Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital also participated.
The funds will help to introduce EDGE Pro, a high-throughput deposit account for market makers that facilitates real-time deposits into all CFTC-regulated exchanges. They also support EDGE Connect, a payment rail for regulated gaming and prediction market ecosystems.
Earlytrade Raises $25M for Construction Payments Agentic AI
Earlytrade’s Series A round brings the fintech’s total raise to $25 million. S3 Ventures and Brick & Mortar Ventures led the round. Funds are earmarked for a US commercial expansion and an agentic AI expansion.
S3 Ventures ‘ general partner Charlie Plauche joins Earlytrade’s board along with Darren Bechtel of Brick & Mortar Ventures; Scott Wolfe, founder and former CEO of Levelset; Kevin Halter, former revenue leader at PlanGrid; and Ben Brahinsky, an M&A and private equity specialist.
Fintech Infrastructure Firm Vinyl Equity Raises $20M A Round
Vinyl Equity, a financial technology infrastructure company for capital markets and corporate transactions and an SEC-registered transfer agent, this week announced a $20 million Series A led by Jump Capital. Additional participants include MUFG Innovation Partners (MUIP, the corporate venture capital arm of Mitsubishi UFJ Financial Group), Index Ventures, Spark Capital, Infinity Ventures, and Cambrian Fintech.
Vinyl’s payment solutions are built with integrated document collection, KYC/KYB controls, tax filing, audit trails, and fraud prevention at the workflow layer.
Zaro.ai raises $5.1M Pre-Seed for Adaptive AI Workspace
The London-based firm raised $5.1 million to build a single adaptive AI workspace. Cherry Ventures led the round. Participating angels included Thomas Wolf (Hugging Face), Thomas Dohmke (GitHub), Mandeep Singh (Trouva), Charlie Songhurst, Marvin Purtorab and Andy Toulis. Purtorab and Toulis co-founded Convergence, which was acquired by Salesforce. That group helped ship Agentforce, now at $1.2 billion in ARR, inside Salesforce.
Zaro’s built-in app store includes projects and workflows that span every business function.
Entropy Ventures Bets $3M on AI banking platform Titan
Titan, a banking‑native AI platform purpose‑built for financial services, has raised $3 million in new funding, led by Entropy Ventures. Titan debuted last October. The new funds will be devoted to personnel and product development
The company’s models are trained on the language, data, and workflows specific to financial institutions. Titan’s customer base includes community, regional, and super-regional banks, credit unions, and fintechs operating in regulated environments.
This is Entropy Ventures’ first investment.