BlackFin Tech Weekly - September 22nd, 2025
Every Week, we publish a short digest which sums up last week’s Fintech activity
Hello FinTech Friends,
Welcome to another week of fintech insights. Let’s explore the news and trends shaping the industry!
Over the last week, there were 11 fintech deals in Europe, raising a total of €185 million, including transactions in Hungary, the UK, France, Germany, and Ireland.
Congratulations to the three largest rounds announced last week:
SEON, a Hungary-based regtech platform providing end-to-end fraud prevention and detection tools for businesses, has raised €67 million in a Series C round led by Sixth Street Growth.
Omnea, a UK-based SaaS platform that centralizes and automates company procurement, from requests to supplier management, has raised €42 million in a Series B round led by Insight Partners.
Finary, a France-based wealth management app that centralizes, analyzes, and optimizes personal wealth management, has raised €25 million in a Series B round backed by PayPal Ventures.
Let’s dive in!
SEON, headquartered in Hungary, provides end-to-end fraud prevention and detection solutions that help businesses combat financial crime. The company has raised €67 million in a Series C round led by Sixth Street Growth, with participation from IVP, Creandum, Firebolt, and Hearst. The fresh funds will be used to expand SEON’s global footprint and further enhance its fraud-fighting technology.
Omnea, based in the UK, develops a SaaS platform that centralizes and automates procurement processes, from requests through to supplier management. The company has raised €42.2 million in a Series B round led by Insight Partners, with Khosla Ventures, Accel, Point Nine, and First Round Capital also participating. The new capital will fuel international expansion and support further product development.
Finary, headquartered in France, is a wealth management app that enables individuals to centralize, analyze, and optimize their personal wealth across multiple asset classes. The startup has secured €25 million in a Series B round backed by PayPal Ventures, LocalGlobe, Hedosophia, Shapers, Speedinvest, and Y Combinator. The funding will help Finary scale its platform and strengthen its position in digital wealth management across Europe.
In addition to this week’s fundraising activity, here is the European M&A activity for the week:
RiskConcile, a Belgium-based fintech providing cloud software for fund risk and regulatory reporting and backed by Main Capital Partners, has announced the acquisition of Fitz Partners, a UK-based provider of detailed fund fee and expense data analytics. The deal strengthens RiskConcile’s regtech capabilities by combining regulatory reporting solutions with granular fund cost benchmarking, supporting asset managers in meeting increasing transparency demands. Fitz Partners will continue to operate under its brand, with its existing leadership team remaining in place.
FASST, a France-based provider of digital distribution platforms for insurance, health, and retirement, has entered exclusive discussions to acquire Upsideo, a French regtech specialized in digital savings, KYC automation, and patrimonial compliance. The deal aims to create a unified technology platform for banks and insurers, integrating subscription workflows, APIs, CRM, simulation tools, and generative AI to enhance compliance and efficiency. Upsideo’s management team will reinvest in the new entity, continuing to lead operations under its brand.
MoonPay, a UK-based user-friendly platform for buying and selling cryptocurrencies, has announced the acquisition of Meso, a US-based API provider enabling crypto purchases with debit cards and direct bank withdrawals. The deal marks a major milestone in MoonPay’s transformation into a global payments network, connecting banks, card networks, stablecoins, and blockchains under unified regulatory frameworks. Meso’s co-founders, Ali Aghareza and Ben Mills, will join MoonPay’s leadership team to drive technology and product innovation.
And finally, we bring you four news stories that caught our eye last week:
Swiss lawmakers rejected a plan to delay parts of the UBS capital reforms, clearing the way for the government to tighten capital rules by ordinance without a full parliamentary package. The finance ministry estimates UBS could need about $3bn more capital, including stricter treatment of foreign subsidiaries that accounts for roughly $23bn of the requirements, with the overall reform expected to become law from 2028 at the earliest and UBS given 6 to 8 years to implement. Shares rose 2.35% on Monday and are up more than 20% since June. UBS has lobbied against the pace and scope, warning the measures go beyond global norms and even hinting at a possible headquarters move, which many in Bern see as unlikely. Lawmakers and officials caution that rushing such a complex overhaul could have economic consequences, yet the government argues faster implementation is vital to financial stability after Credit Suisse’s failure.
SumUp is exploring a stock market listing that could value the U.K. card reader company at $10bn–$15bn, with options including London or New York. The fintech, which serves 4mn small and mid-sized business customers across 36 countries, has begun talks with banks and aims to float within the next year, while its founders would remain the largest shareholders. Proceeds are expected to fund acquisitions, as the company sees Europe’s payments sector as ripe for consolidation. Founded in 2012, SumUp was last valued at €8bn in a 2022 fundraising led by Bain Capital after targeting €20bn. It also attempted a $9bn valuation through a secondary share sale last year. The listing would come amid heightened investor appetite for U.K. fintechs, with Starling preparing a £4bn share sale and Revolut pursuing a $75bn fundraising, while London’s exchange seeks to revive its listings market after a three-year drought.
UBS, PostFinance and Sygnum executed what they say is the first legally binding interbank payment using tokenized bank deposits on a public blockchain, as part of a Swiss Bankers Association feasibility study. Clients transferred on-chain tokens fully backed by deposits; the test showed instant, final settlement on shared infrastructure and demonstrated how blockchain rails can reduce counterparty-risk concerns compared to traditional payment systems. Organisers emphasised that deposit tokens can move seamlessly across different banks—unlike JPMorgan’s tokenized deposits, which operate only within its own ecosystem. This opens the door to automated business processes, faster settlement windows and greater efficiency in future production systems. They cautioned, however, that further technical development and regulatory alignment are needed before any market-wide rollout.
Robinhood announced Robinhood Ventures Fund I (RVI), a closed-end vehicle designed to give everyday investors access to private companies typically reserved for institutional or high-net-worth clients. RVI has filed a Form N-2 registration with the SEC, and pending effectiveness, Robinhood intends to list it on the NYSE under ticker RVI, with shares tradable via Robinhood and other brokerages. The fund will pursue a concentrated, long-term portfolio of private businesses. The launch extends Robinhood’s efforts to broaden retail access—following earlier initiatives like EU tokenized-stocks—and comes against the backdrop of a steady decline in U.S. listed companies (from about 7,000 in 2000 to roughly 4,000 in 2024, according to the firm). Management argues that offering private-market exposure helps fill this gap, though SEC approval remains pending before any shares can be sold.
Have a great start into the week!
Sources of the fundraising reports