FinTech funding tops $2.8bn as Ramp leads with $1.85bn raise

FinTech companies raised more than $2.8bn in funding rounds this week, up from $1.33bn last week, across 17 deals spanning artificial intelligence, payments, insurance, cybersecurity, lending and financial infrastructure. Ramp led with a $1.85bn raise at a $60bn valuation, widening the gap versus spend-management peers. ID Finance also announced a €545m equity-and-debt package to scale its Plazo business in Spain. Stand raised $70m at a $1bn valuation, and Archa secured $61m. Cybersecurity firms Harmonic Security and Reach Security each raised more than $50m, while AI remained a key theme across multiple sectors.