Fintech funding kept moving this week — here’s a look at four of the latest raises in payments infrastructure, agentic AI for lenders, consumer mortgage technology, and general Baltic investment sector.
Paymob raises $35 million pre-Series C
Egypt-founded payments infrastructure provider Paymob has raised $35 million in a pre-Series C round co-led by Mubadala Investment Company and the European Bank for Reconstruction and Development (EBRD). British International Investment, Global Ventures, and DPI Ventures also participated. The round takes Paymob’s total disclosed funding to more than $125 million.
Founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy, Paymob operates an omnichannel payments platform giving businesses access to more than 60 payment methods through a single technology layer. The company serves over 390,000 merchants across Egypt, the UAE, Saudi Arabia, and Oman, having onboarded roughly 20,000 merchants across its three Gulf markets since securing a Retail Payment Services Licence from the Central Bank of the UAE in January 2025.
Paymob said consolidated revenues grew threefold across its four markets over the past 18 months, while GCC revenues grew sevenfold. The company plans to use the new capital to expand its digital payments acceptance business across the MENA region and develop products for SME merchants and agentic commerce.
“Paymob morphed into a regional platform over the past 18 months, propelled by the exponential growth of our GCC business. This Pre-Series C funding round will help us accelerate our growth plan across the MENA region and fast-track our product roadmap to become the go-to payments platform for agentic commerce,” said Islam Shawky, co-founder and CEO of Paymob.
Kastle raises $24 million to build an AI workforce for lenders
San Francisco-based Kastle, which builds AI agents for financial services, has raised $24 million in a Series A round led by Insight Partners, with continued backing from Y Combinator and Commerce Ventures. Fifth Wall and a group of founders and financial services executives joined as new investors.
Kastle’s agents operate across a lender’s existing core systems to handle high-volume workflows in consumer lending, rather than replacing legacy infrastructure. The company says its agents have processed more than $1.8 billion in transactions across some of the largest banks and enterprises in the sector, working alongside human staff who focus on cases requiring judgment and compliance oversight.
“We give financial institutions an AI workforce that can operate across the systems they already have, so they can capture the benefits of AI now—not five years from now,” said Rishi Choudhary, co-founder and CEO of Kastle.
Insight Partners managing director Rebecca Liu-Doyle noted: “Financial institutions do not need another layer of software that creates more work for their teams. They need AI that can reliably complete the work while ensuring compliance.”
Latvian fintech platforms draw 800,000 investors, €13bn in investments
Latvia is also attracting attention for its regulated investment platforms. According to Latvia’s Investment and Development Agency (LIAA), eight platforms regulated in the country have collectively facilitated more than €13 billion in investments and serve over 800,000 investors outside Latvia. German investors account for around 30% of demand.
The figures were highlighted during a Latvian trade mission to Berlin, where fintech companies met with German institutional investors, family offices and financial-sector representatives. The delegation was part of a broader effort to expand Latvia’s financial and technology ties with Germany.
Sprive raises $10 million for AI-driven mortgage overpayment app
UK fintech Sprive has closed a $10 million ($7.7 million) Series A round backed by existing investors Ascension, Channel 4 Ventures, and the Velocity EIS Technology Fund, alongside new investors Active Partners, Wealth Club, and Rank Ventures. The round brings Sprive’s total funding to more than $15 million.
Founded in 2019 by former Goldman Sachs bankers Jinesh Vohra and Saad Hashim, Sprive lets users direct cashback earned through everyday shopping toward mortgage overpayments, alongside an AI-enabled auto-saving feature and a tool to scan the market for cheaper remortgage deals. The app has 567,000 registered users and supports around £42 billion of mortgages. The company has become cash flow positive, with an annualised revenue run rate of more than £18 million.
