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Established in 2005 and led by CEO Juan Manuel Ruiz Palmieri, Círculo de Crédito offers both consumer and commercial credit bureau services and specialises in utilising alternative data, or information not included in traditional credit reports, enabling it to help expand access to credit and support a more inclusive economy.

Its customer base spans more than 1,700 banking, retail, fintech, small business lending, micro-finance, and telecommunication organisations.

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Arguing that "AI could reshape the sector by 2030", the paper identifies a shift in the retail financial sector from "human-led, towards AI-enabled, continuous and delegated services".

The research indicates that one in five UK adults are already receptive to AI-driven decision-making, though it warns that consumer adoption will depend on "trust, control and access". Concerns persist regarding how the technology could "amplify risks associated with fraud, cyber security and consumer harm".

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Supporting the round were Index Ventures, Tiger Global Management, Y Combinator, Dig Ventures, and Balderton Capital, which previously led Taktile's $54 Series B funding round in March 2025. Current backers also include Firstminute Capital, Prosus Ventures, and Visionaries Club.

Based between the US and Europe, Taktile provides a no-code software platform that allows finance and insurance institutions to build decision flows and AI agents that automate background-check and decision-making systems for tasks like loan underwriting, identity verification, and fraud detection.

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The Series H was made at a pre-money valuation of around $4.03 billion and a post-money valuation of roughly $4.5 billion. The investment builds on Cred's previous funding rounds, which include a round in May 2025 (at a valuation of $3.5 billion), a $251 million Series E in 2021, and a $140 million Series F in 2022, at which point the company's valuation peaked at $6.5 billion.

Cred offers an app that allows users to pay their credit card bills and earn rewards, cashback, and exclusive deals for making timely payments.

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Founded in 2021 by CEO Alvaro Morales and CTO Kshitij Grover, Orb offers an enterprise billing platform that unifies pricing, billing, and revenue intelligence. Backed by investors such as Mayfield, Menlo Ventures, and Greylock Partners, Orb has raised $44 million to date, including its $25 million Series B fundraise in 2024.

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The investment was led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, with participation from numerous existing backers and several new shareholders, including Goldman Sachs Alternatives, Morgan Stanley Investment Management, and BroadLight Capital.

This latest round brings Ramp's total equity financing to over $3 billion since its founding in 2019. The New York-based company raised $300 million just six months ago at a $32 billion valuation, and secured a $200 million Series E a year ago at a $16 billion valuation.

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