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Blended Fintech Capital, Clinical OS & the Black Founder Funding Gap
Audio is available on Spreaker — see link below.
Venture capital news and startup funding daily: MUFG's structural bet on Qupital reframes what a fintech round really means, while Tandem Health, Fortaegis, and Open Cosmos reveal where patient capital is quietly stacking up. Plus, the Black founder funding data that the AI boom hasn't fixed.
Audio is available on Spreaker — see link below.
MUFG, Japan's largest bank, just structured an asset-backed securities deal for a Hong Kong e-commerce fintech. That's the detail buried inside Qupital's three-hundred-million-dollar raise, and it tells you more about where fintech is heading than the headline number does.
Moving to healthcare AI, Stockholm-based Tandem Health raised eighty-six-point-four-nine million euros in a Series B led by EQT. The company started as an AI clinical scribe, which is a crowded category.
Amsterdam-based Fortaegis raised fifty million dollars in a Series A led by Serendipity Capital, with Tokyo Electron also participating. The company's approach is to embed dynamic cryptographic key generation directly into physical silicon rather than storing static keys in software layers.
The harder story in this cycle sits in the US venture data. Black-founded startups captured zero-point-three-two percent of total US venture funding in twenty twenty-five.
Creator-economy startups raised one-point-three-nine billion dollars across twelve deals in September. Fifty percent of those were Series A rounds, which suggests the category is still in validation mode rather than scaling.
One more number worth holding. Oxford-based Open Cosmos raised three hundred million euros led by Lightrock, with pension fund participation.
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