21Finance Valuation, Funding & Investors

Zeta is a San Francisco-headquartered cloud-native banking technology platform enabling financial institutions to launch credit cards, loans, deposits, and digital banking apps. Recognized by Celent in 2023 as a top issuer processing partner for US banks and credit unions, it powers over 25 million cards globally with API-enabled features for processing, fraud detection, loyalty programs, and core banking. The company employs more than 1700 staff, with 70 percent in technology roles across the US, Middle East, Asia, and regional headquarters in Mumbai, India.

Form3 is a London-headquartered payment processor offering cloud-based APIs for real-time payments across UK Faster Payments, SEPA Instant, and US FedNow schemes. The platform handles clearing and settlement for banks and fintechs including Revolut and Starling Bank. Built on AWS microservices, Form3 processes billions in transaction volume annually with 99.99 percent uptime.

Feedzai is a Coimbra-headquartered AI platform combating fraud across banking, payments, and e-commerce. It deploys risk scoring for transactions, AML screening, identity verification, and scam detection using behavioral biometrics and generative AI like ScamAlert. Clients include Santander, Citi, and Visa, with operations in US, UK, and APAC for real-time prevention.

TrustDecision is a Hangzhou-based fintech company founded in 2013 that provides risk control and anti-fraud solutions. It develops AI-powered software for financial institutions, insurers, payment platforms, e-commerce sites, and social networks, processing billions of transactions daily to detect theft and fraud.

Fenergo is a Dublin-headquartered SaaS provider of client lifecycle management software tailored for corporate, investment, and private banks worldwide. The platform integrates front- and middle-office operations, covering compliance requirements like KYC, CDD, AML, MiFID II, FATCA, and Dodd-Frank, alongside legal entity data management, product onboarding, collateral management, client servicing, and credit mitigants. Major financial institutions rely on Fenergo to accelerate onboarding processes, reduce setup times, and ensure consistent client experiences. In 2022, Chartis Research awarded Fenergo wins in three RiskTech100 categories and elevated it to 29th place among global risk and compliance technology leaders.

Unit21 is a San Francisco-headquartered no-code platform for fraud detection and compliance. Founded in 2018, it provides APIs and dashboards for transaction monitoring, KYC, AML screening, and case management across fintech, crypto, and e-commerce. The platform processes millions of events daily using machine learning models trained on financial crime patterns.

Sardine is a risk management platform leveraging AI and machine learning for financial services firms. It detects fraud, assesses credit risks, and ensures compliance in digital banking and payments. San Francisco-headquartered Sardine serves fintechs and banks navigating online transaction threats.

Allfunds is a fund distribution platform connecting fund houses and distributors, creating a single access point for both sides to gain a wider reach with regard to assets under administration and fund variety, respectively. As of 2024, Allfunds had EUR 1.6 trillion in assets under administration stemming from about 860 distributors on its platform. In return, distributors gained access to about 156,000 funds from 3,300 different fund houses. Allfunds also provides ancillary services to both fund houses and distributors, covering the marketing, distribution, legal, regulatory, as well as data and analytics needs arising in the fund distribution space. Allfunds derives the majority of its revenue from Italy, Spain, and France.

Hawk is a Berlin-headquartered provider of AI-driven anti-money laundering and fraud detection technology. Founded in 2017, the platform combines rules-based systems with explainable AI models to monitor billions of transactions annually across 60 countries. Banks, payment processors, and fintech firms in Europe and beyond deploy Hawk to enhance compliance and risk management in real-time transaction screening.

Leonteq AG is a Swiss fintech company with a marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services. Leonteq acts as both a direct issuer of its products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has a presence in its home market of Switzerland and other parts of Europe, as well as an established footprint in Asia and other regions.

Icon is a Denver-based retirement technology provider offering Portable Retirement Plans that integrate with payroll systems for small businesses nationwide. The platform automates 401(k) administration, compliance reporting, and participant onboarding via APIs compatible with Gusto and ADP. Its PRP model allows account portability across employers, serving over 1,000 companies with features like auto-escalation and financial wellness tools.

Rogo is a generative AI platform designed for financial institutions including investment banks, asset managers, and private equity firms. The system processes deal documents, financial models, and market data to generate summaries, scenario analyses, and strategic recommendations while adhering to SOC 2 Type II and GDPR compliance standards. Rogo streamlines due diligence, pitch book creation, and portfolio monitoring for teams handling mergers, acquisitions, and capital raises.

Alkami Technology Inc is a cloud-based digital banking solutions provider. The company’s solution, the Alkami Digital Banking Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency, all with the support of a proprietary, true cloud-based, multi-tenant architecture.

iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities. The company operates through geographic segments are Singapore, Hong Kong, Malaysia, United Kingdom, and China. The Singapore region generates maximum revenue for the company. iFAST receives revenue in the form of commissions and fees.

Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries. The customer segments of the company are Banking, which offers integrated solutions for financial institutions, and Retail, which offers solutions, software, and services that improve the checkout process for retailers. A majority of its revenue is generated from the Banking segment.

Computer Age Management Services Ltd is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. The company provides a comprehensive portfolio of technology-based services, such as transaction origination interface, transaction execution, payment, settlement and reconciliation, dividend processing, investor interface, record keeping, report generation, intermediary empanelment and brokerage computation and compliance-related services, through its pan-India network to its mutual fund clients, distributors and investors. It also provides certain services to alternative investment funds, insurance companies, banks and non-banking finance companies.

Aisino Corp is a technology company specializing in information security. Its products and solutions are used in the fields of finance, education, customs, public security and urban services. The company provides solutions such as dedicated taxation equipment, public safety solutions, intelligent emergency, intelligent warehouse and logistics, border crossing security monitoring system, intelligent asset management solution, financial payment solutions and others.

DailyPay is a payroll platform enabling employees to access earned wages on-demand before payday. It integrates with employer systems to promote financial wellness, retention, and engagement across various industries.