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ICYMI fintech funding round-up: Fission, RedOwl, Matters, and more

Reported by Fintechfutures
Oct 16, 2026· 3 min read
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Key Takeaways
  • • DeFi fintech Fission raised $10 million in Series A funding led by Pantera Capital, with participation from Circle Ventures, New Form Capital, Gumi Cryptos Capital, and Borderless Capital.
  • • Pave Finance extended its recent Series A by $5 million to a total of $20 million, with the new capital funding a hiring plan of more than 40 employees.
  • • Swedish personal finance platform Matters emerged from stealth with $5 million in pre-seed funding led by Jakob Johansson, and appointed former Nordnet CEO Lars-Åke Norling as chair.
  • • Australia's RedOwl raised AUD 5.3 million (approximately $3.7 million) in seed funding led by Tidal Ventures, at a pre-money valuation of AUD 38.4 million (approximately $26.7 million).
  • • New Zealand's Qippay Group sold a 25% stake to All Roads Wholesale Fund for NZD 5 million (approximately $2.8 million), and UK regtech Relace raised $1.6 million in pre-seed funding led by Boost Capital Partners.
Summary
Fintech FutureSs weekly ICYMI funding round-up highlights several early-stage and growth rounds across DeFi, wealthtech, personal finance, B2B finance, paytech, and regtech.

US-based decentralised finance firm Fission has raised $10 million in Series A funding, led by Pantera Capital. Circle Ventures, New Form Capital, Gumi Cryptos Capital, and Borderless Capital also participated, as did Ari Rubenstein, CEO of electronic market maker GTS. Founded in 2024 by CEO Jonathan Shaffer, CRO Steve Bendit, and CTO Curtis Humphrey, Fission operates a platform that connects the tokenised fund market, providing investors with cross-chain USDC liquidity by acquiring fund positions and managing redemption and settlement until the fund's redemption window opens. According to the company's LinkedIn announcement, Fission has already processed millions of dollars in redemptions and will use the new capital to expand liquidity capacity and scale infrastructure.

US wealthtech Pave Finance has extended its recent Series A round by $5 million, bringing the total to $20 million. The investors in the extension have not been disclosed. Pave, founded in 2021, provides an AI-powered portfolio management platform for financial advisors, earning revenue through software, broker-dealer, and advisory fees. The company said it will deploy the capital immediately to hire more than 40 employees, lifting headcount above 100, with a focus on market-facing and engineering teams, and to upgrade its New York office.

Swedish personal finance platform Matters emerged from stealth with $5 million in pre-seed funding led by Maelir AB owner and angel investor Jakob Johansson. Angel investors include Knut Frängsmyr, former COO of Klarna; Douglas Stark, co-founder of Voi; Johan Bladh, CEO of Röko; Patrik Tran, CEO of Validio; and Per Widerstrom, CEO of Evoke. Founded in April by Per Österström, the company aims to democratise access to financial wellbeing and wealth using AI; Österström previously founded Sambla in 2014. Lars-Åke Norling, former CEO of Nordnet, has been appointed chair, and the company reports 14 employees. Matters plans to expand its team, apply for licences across Europe, and potentially make strategic acquisitions.

In Australia, RedOwl raised AUD 5.3 million (approximately $3.7 million) in seed funding led by Tidal Ventures, valuing the company at AUD 38.4 million (approximately $26.7 million) pre-money. CP Ventures, which participated in RedOwl's March 2025 pre-seed round, also returned. The Mastercard Start Path graduate, founded in 2024, helps CFOs identify margin leakage across supplier spend, billing, and payments by deploying agents to validate invoices, purchase orders, and card expenses. CEO Jitto Arulampalam said the company aims to flag problems before payment rather than after. The funds will be used to develop the platform, expand to large businesses, and grow through banking, payments, and cloud partners.

New Zealand paytech Qippay Group sold a 25% stake to All Roads Wholesale Fund in exchange for NZD 5 million (approximately $2.8 million). The company, founded in 2021, offers PayBy, SetPay, AnyPay, and the Check account verification tool, and says the capital will extend it beyond open banking payments into financial and data infrastructure, primarily in New Zealand.

UK regtech start-up Relace raised $1.6 million in pre-seed funding led by Boost Capital Partners, with participation from Ascension, Koro Capital, and angel investors. Founded in January by Justin Peimani and Lyubomira Dimitrova, Relace uses AI to connect regulatory rules to business operations. According to CityAM, the funds will support engineering and commercial hiring and expansion of regulatory coverage across the US, EU, UK, and Middle East.

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Sources

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Fintechfutures ICYMI fintech funding round-up: Fission, RedOwl, Matters, and more