Feathery, an AI operating and decisioning system for financial services, has raised $30 million in total funding, including a recently completed Series A. The round was backed by Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures. The San Francisco-based company serves over 300 firms across insurance and wealth management. Its platform collects and structures client information, synchronises systems of record, and normalises data across surfaces. The AI decisioning system analyses business data, surfaces insights, and feeds learnings back into workflows to drive automation. Feathery processes tens of millions of monthly submissions and powers workflows including client onboarding, proposal generation, account opening, and policy checks. The company plans to use the funding to expand products that enable faster decision-making and seamless data movement across workflows.

Flex, an AI startup offering banking services for mid-sized businesses, has raised $70 million in a funding round led by Halo Fund. A source close to the deal said the B1 round valued the three-year-old company at around $1.2 billion, more than double its valuation six months ago. The company has now raised $180 million in equity and $300 million in debt. Flex targets mid-sized businesses earning tens to hundreds of millions of dollars in annual revenue, a segment CEO Zaid Rahman says is overlooked by traditional fintechs. Unlike AI startups focusing on individual tasks, Flex bundles private credit, business finance, personal finance and payment tools into one platform. The company said it has a few thousand customers and is growing roughly four-fold year-over-year at a nine-figure annualised revenue run rate.

LeapXpert has raised $180 million in a growth round led by Riverwood Capital, with participation from Portage Ventures, to expand its secure enterprise communications platform and AI capabilities. The startup's Governed Communications Systems technology bridges informal messaging apps like WhatsApp and WeChat with enterprise tools such as Slack and Microsoft Teams, addressing compliance challenges whilst enabling data extraction. Its AI products, LeapXpert Signals and Maxen, analyse conversations to generate business insights and boost productivity. Hundreds of businesses, including Lloyds Bank, SoftBank and Insight Partners, already use the platform. The funding will support expansion across financial services and government sectors in Europe, Latin America and Asia, whilst enhancing AI capabilities to deliver deeper intelligence from customer conversations.