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.

Harmoney secures €10m from Smile Sail

Belgian regtech Harmoney has scored a €10 million minority investment from Smile Sail, an evergreen private equity fund focused on European software and AI organisations. 

Established in 2016 by Thomas Van Maele and Wouter Haerick, Harmoney automates compliance and reduces regulatory workloads by digitally onboarding financial services, managing third party risk and KYC remediation.

The new capital will scale Harmoney’s international go-to-market strategy and enable the firm to invest in AI-driven solutions for counterparty risk management.

Fraud prevention platform Didit bags $7.5m in seed funding

US-based identity and fraud checker Didit has raised a total of $7.5 million in a seed funding round, following a recent $6 million extension.

New and existing investors include Y Combinator, Pioneer Fund, Orange Collective, Founders Future, Phosphor Capital, SaaSholic, Rebel Fund, and various angels and additional operators. 

Founded in 2023 by brothers Alberto and Alejandro Rosas, Didit serves more than 1,500 B2B customers across 220 countries and territories, offering a range of KYC, KYB, transaction monitoring, biometric authentication, and wallet screening services. 

With the new funds Didit states it will “scale go-to-market globally, expand its open infrastructure toward fully programmable identity and fraud coverage, and hire across its product, sales and customer success teams”.

Cathay United Bank provides $4.87m credit facility to First Circle

Filippino fintech First Circle has secured a $4.87 million (PHP 300 million) credit facility from Taiwan’s Cathay United Bank.

Established in 2016, First Circle provides small and medium businesses (SMEs) with business banking solutions, including up to PHP 20 million in business loans, future salary access for employees, and online business bank accounts. With over 5,000 Filippino business customers, First Circle claims to have helped generate PHP 100 billion in combined revenue, according to the fintech’s website.

In First Circle’s funding announcement, it states that the new capital will strengthen its lending capabilities. Josh O’Donnel, vice president of finance at First Circle, comments: “Cathay United’s financing enables First Circle to continue expanding access to credit to high quality SMEs who are left behind by the banking system.”

Sorted preps Sub-Saharan Africa and South Asia expansion following $4.4m seed raise

Hong Kong-based digital asset wallet Sorted has landed $4.4 million in seed funding, in a round led by Tether and Gnosis. Movement, Angel Invest, and various angel investors also participated in the fundraise.

The new funds build on a prior $1.5 million investment from Tether in September 2024, made two years after the firm was created. Sorted has since expanded its reach into 165 countries, with more than 500,000 app downloads.

In a bid to improve financial inclusion, its flagship offering is a non-custodial Bitcoin and USDT wallet that works on low-powered smart phones.

With the new funds, Sorted tells Medium that it is expanding its presence “across Sub-Saharan Africa and South Asia, with stronger telco and mobile operator integrations”.

Visa partners Replit to develop agentic solutions

US-based agentic software creation platform Replit has bagged an undisclosed investment from Visa. 

Founded in 2016 by Amjad Masad, Haya Odeh, and Faris Masad, Replit helps over 50 million users and 500,000 business users worldwide to create and deploy applications using natural language.

The investment builds on an existing relationship between the two firms, which saw Visa support Replit with “internal prototyping and development across teams”, according to a company statement. 

The statement continues: “Building on this foundation, the companies are collaborating to explore how Visa Intelligent Commerce, Visa’s portfolio of initiatives designed to enable secure, AI-driven commerce experiences at scale, can be integrated into Replit’s development environment, enabling developers to access payment building blocks natively within their agent-building workflows.”

Replit is also exploring an integration with Visa’s Trusted Agent Protocol to enable its AI agents to transact on behalf of consumers. The partnership aims to advance responsible agent-driven payments, including machine-to-machine transactions for autonomous software interactions.