Plug and Play has announced the closure of a $50 million fund focused on fintech and artificial intelligence, aiming to foster innovation and corporate collaboration. The fund will support early-stage startups by providing access to capital, corporate networks, and strategic partnerships, leveraging Plug and Play's global operations across over 60 locations.

Spinwheel has secured $30 million in Series A funding to enhance its real-time consumer credit data and payments platform, which currently supports over 15 million users and manages $1.5 trillion in consumer debt. The funding will accelerate the development of its agentic AI technology and expand its product offerings, aiming to streamline access to consumer credit data and improve the overall financial experience for users and institutions.

Feedzai, a Portuguese FinTech specializing in AI-driven financial crime prevention, has raised $75 million, boosting its valuation to over $2 billion. The funding round included new and existing investors and will support the company's continued innovation in fraud detection and prevention technologies.

Juniper Square has successfully raised $130 million in a Series D funding round led by Ribbit Capital to enhance its connected fund software and services for private markets. The capital will primarily be used to accelerate the development of JunieAI, an AI platform designed to improve efficiency for general partners in fund management and investor relations.

Fintech startup Ramp has achieved $1 billion in annualized revenue and a $22.5 billion valuation following a successful funding round. Founded in 2019, Ramp has expanded its offerings beyond corporate credit cards to include expense management and travel, leveraging AI to enhance its services and attract investor interest.

Salient has secured $60 million in funding to enhance its AI-powered loan servicing platform, which aims to modernize outdated processes in financial services. The investment will allow Salient to expand functionality in areas like credit dispute resolution and compliance monitoring, building on its success in automating customer communications and improving operational efficiencies for lenders.