London-based fintech Incard has raised £10 million in a Series A round led by Smartfin, with participation from Founders Capital, MountFund, and angel investors. The funding will be used to expand the product, strengthen compliance and engineering, and support expansion into major European markets and the United States.

Incard was founded in 2024 by Theo Cesarini, Soraya Tribouillois, Liam Seskis, and Matteo Martino. The idea came from the founders’ own experience running digital businesses and struggling with fragmented financial tools.

The problem Incard is addressing

Digital entrepreneurs often rely on separate platforms for banking, cards, payments, and spend tracking. This leads to constant context switching, manual reconciliation, and limited visibility over cash flow.

Incard combines these elements into a single platform. Users can open multi-currency accounts, issue corporate cards with rewards, manage payments, and see spend data in one place. The platform includes real-time analytics and automation features designed to reduce manual financial work.

The company also built an “App Store” that offers tools tailored to specific types of digital businesses. These modules allow teams to add functionality relevant to their operations without complicating the core system.

Why this approach resonates

Many fintech products solve one piece of the financial stack. Incard positions itself around the full workflow. The company describes its product as a financial operating system built around how digital businesses actually function.

The target users include e-commerce founders, agencies, creators, and affiliate businesses that often operate across currencies and markets. For these companies, financial complexity grows quickly as they scale.

What the funding enables

The Series A capital will be used to deepen automation capabilities, expand internationally, and invest in compliance infrastructure. Incard plans to scale its engineering team and continue developing tools that reduce the operational burden on founders.

The team also highlights its internal diversity, with significant representation of women in leadership and employees from many nationalities.

Key takeaways for fintech startups

This funding round shows where investor attention is focused.

• Founders still struggle with fragmented financial tooling as their businesses grow
  
  
• There is demand for platforms that unify banking, cards, payments, and analytics
  
  
• Automation and workflow reduction are strong product differentiators in fintech infrastructure

If you are building fintech products for founders and operators, these signals are worth paying attention to. If you want help translating market signals like this into a sharper product and strategy, contact us.

Talos, the New York based institutional digital asset infrastructure provider, announced a $45 million extension to its Series B round. This brings the total Series B funding to approximately $150 million and values the company at around $1.5 billion.

The extension includes both new and existing investors. New participants are Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage. They join earlier backers a16z crypto, BNY Mellon and Fidelity Investments. Talos noted that several of these investors are also clients or strategic partners.

Part of this new investment was settled in stablecoins.

What Talos Builds for Institutions

Talos provides software that supports the full lifecycle of institutional digital asset activity. Its platform covers trading, portfolio management, execution, risk tools, treasury operations and settlement, along with data and analytics.

The system connects clients to multiple trading venues, custodians and liquidity sources. This type of connectivity is a core requirement for institutions operating in digital assets at scale.

How the Company Plans to Use the Funds

Talos stated that the new capital will go toward expanding product development across portfolio construction, risk management, execution tooling, treasury operations and settlement capabilities.

The company also plans to expand support for traditional asset classes as they become tokenized on blockchain infrastructure.

A Small Detail That Says a Lot

Talos highlighted that a portion of the funding was settled using stablecoins. For a transaction of this size, that choice reflects how blockchain based payment rails are being used in serious institutional financial activity.

Key takeaways for fintech startups

A few practical observations from this announcement:

• Talos extended its Series B by $45 million, bringing the total to about $150 million at a roughly $1.5 billion valuation.
  
  
• New strategic investors include Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside existing backers a16z crypto, BNY Mellon and Fidelity Investments.
  
  
• Some of the funding was settled in stablecoins.
  
  
• The capital will be used to expand product capabilities across trading, risk, treasury, settlement and support for tokenized assets.

If you are thinking about how infrastructure decisions shape your fintech product and strategy, contact us to talk it through.

Memcyco, an Israeli cybersecurity company founded in 2021, has raised $37 million in a Series A funding round to expand its pre-emptive fraud defence platform.

The round was led by NAventures, the venture arm of National Bank of Canada, and included E. León Jimenes, Pags Group, Capri Ventures and Venture Guides. The company says the round was oversubscribed. With this raise, Memcyco has secured about $47 million in total funding.

The goal is clear. Scale adoption of a platform built to stop impersonation scams and account takeover attacks while they are happening, not after.

Why this problem is getting harder

According to figures cited by Memcyco, account takeover attacks increased by roughly 250 percent between 2024 and 2025.

At the same time, online payment fraud losses are projected to reach more than $340 billion by 2027.

These numbers explain why traditional fraud tools are struggling. Many solutions trigger alerts only after credentials are stolen or transactions are attempted. By then, the damage is often done.

Memcyco’s positioning is earlier in the attack timeline.

How the platform works

Memcyco provides what it describes as an agentless solution. No software needs to be installed on customer devices.

The platform continuously monitors for signs of impersonation scams, phishing attempts and takeover activity as users interact with digital services. When suspicious signals appear, it provides real-time alerts and context so organisations can intervene before financial harm occurs.

Since its founding, Memcyco says it has already prevented millions of account takeover attempts and indexed hundreds of millions of device identities.

Those usage figures are central to its pitch. Detect scams while customers are still in the journey, not after fraud has been completed.

Expansion beyond existing markets

Part of the new funding will support global expansion, with a particular focus on Latin America.

Investors pointed to rising sophistication of cyber-fraud in the region and the difficulty traditional tools have in detecting impersonation-based attacks. Memcyco sees this as a strong entry point for its technology.

The funding will also support broader enterprise adoption as financial institutions and digital businesses look for ways to strengthen customer protection.

What this signals for fintechs

Fraud is moving closer to the customer experience layer. It is no longer only a backend risk or a payments problem.

Impersonation scams and takeover attempts happen while users browse, click, and interact with legitimate services. That is where Memcyco is positioning its defence.

Investor interest in this category shows that pre-emptive digital risk protection is becoming a priority area for banks, fintechs and online platforms.

Key takeaways for fintech startups

Here are a few observations fintech founders should note from this raise:

• Memcyco raised $37 million to scale a platform focused on real-time, pre-emptive fraud detection
  
  
• Account takeover attacks have grown sharply, pushing companies to rethink when fraud detection should happen
  
  
• The solution operates without requiring software on user devices, reducing friction
  
  
• Expansion into Latin America reflects where impersonation fraud is rising quickly
  
  
• Investors see early-stage intervention as an important direction for fraud defence

If fraud prevention, customer protection, or security strategy is becoming a bigger topic in your roadmap, contact us to discuss how to think about this layer in your product and operations.