JAKARTA, Indonesia, 1 de octubre de 2025 — Honest, el emisor de tarjetas de crédito de más rápido crecimiento de Indonesia, ha cerrado una ronda de financiación de crecimiento con sobresuscripción, liderada por Orico, lo que eleva la financiación total de capital de la compañía a 100 millones de dólares. La ronda contó con el respaldo continuo de XYZ Venture Capital, SV Pacific Ventures y Village Global, junto con la participación de otros importantes inversores estadounidenses, como Gilgamesh Ventures. Honest también obtuvo 40 millones de dólares en financiación de deuda de Mizuho Bank.

Con menos del 3% de los indonesios con tarjeta de crédito, Honest facilita el acceso al crédito a millones de consumidores. La compañía utilizará el nuevo capital para expandir su tarjeta insignia, Honest Card, a tarjetas corporativas y de marca compartida, inspirándose en Nubank, Ramp e Imprint en América, pero diseñadas para Asia. Honest puede lanzar tarjetas de marca compartida en cuestión de semanas y aprueba a más del 90% de los solicitantes, en comparación con los bancos indonesios tradicionales, que suelen tardar años en lanzarlas y aprueban menos del 5%.

Makoto Umemiya, presidente y director representante de Orico, afirmó:
“El mercado de tarjetas de crédito de Indonesia tiene un enorme potencial, y Honest está bien posicionada para liderar este crecimiento con su enfoque innovador. Nos entusiasma respaldar a la compañía como socio estratégico a largo plazo, apoyándola en su camino para convertirse en un referente del mercado y transformar los servicios financieros para millones de indonesios.”

Orico es uno de los principales emisores de tarjetas de crédito de Japón y la división de financiación al consumo de Mizuho Financial Group, uno de los bancos más grandes del mundo con billones de dólares en activos.

Ross Fubini, socio director de XYZ Venture Capital, añadió:
“Nunca habíamos visto nada como Honest: es la primera tarjeta de crédito verdaderamente digital de la región que entusiasma genuinamente a los clientes. Honest ha resuelto problemas que los bancos tradicionales no podían abordar, y se nota la diferencia en cómo la gente habla del producto: les encanta utilizarlo.”

XYZ Venture Capital es un fondo multimillonario de Silicon Valley fundado por Fubini, quien ha sido reconocido en la Lista Forbes Midas. Fubini también se unirá a la junta directiva de Honest, y XYZ se convertirá en el segundo mayor inversor de la compañía, después de Orico.

Acerca de Honest

Fundada en 2023, Honest es el emisor de tarjetas de crédito de más rápido crecimiento de Indonesia, con la ambición de lanzar una oferta pública inicial en EE.UU. antes de 2030. La compañía fue fundada por Peter Panas, exvicepresidente de Producto de Apple Card en Goldman Sachs, y Will Ongkowidjaja, cofundador de Alpha JWC, la principal firma de capital de riesgo de Indonesia.

Honest es la única fintech en Indonesia con licencia de tarjetas de crédito, tras la adquisición de GE Finance Indonesia en 2022. Entre sus inversores se incluyen empresas líderes de Silicon Valley como XYZ, Village Global y Goodwater, así como los líderes japoneses en pagos Orico, Rakuten y GMO. Entre los inversores ángeles más destacados se encuentran David Vélez, fundador de Nubank.

Contacto: [email protected]

Foto – https://mma.prnewswire.com/media/2782732/PeterPanas_WillOngkowidjaja.jpg

JAKARTA, Indonesien, 1. Oktober 2025 — Honest, Indonesiens am schnellsten wachsender Kreditkartenaussteller, hat eine von Orico angeführte, überzeichnete Wachstumsrunde abgeschlossen, wodurch sich das Gesamtkapital des Unternehmens auf 100 Millionen USD erhöht. Die Finanzierungsrunde wurde weiterhin von XYZ Venture Capital, SV Pacific Ventures und Village Global unterstützt, während sich weitere führende US-Investoren, darunter Gilgamesh Ventures, neu beteiligten. Honest sicherte sich außerdem eine Fremdfinanzierung in Höhe von 40 Millionen USD von der Mizuho Bank.

Da weniger als 3 % der Indonesier eine Kreditkarte besitzen, eröffnet Honest Millionen von Verbrauchern den Zugang zu Krediten. Das Unternehmen wird das neue Kapital nutzen, um seine Flaggschiff-Karte „Honest Card” auf Firmen- und Co-Branding-Karten auszuweiten, wobei es sich von Nubank, Ramp und Imprint in Amerika inspirieren lässt, die aber speziell für Asien konzipiert sind. Honest kann Co-Branding-Karten innerhalb weniger Wochen auf den Markt bringen und genehmigt mehr als 90 % der Anträge, während traditionelle indonesische Banken oft Jahre für die Einführung benötigen und weniger als 5 % der Anträge genehmigen.

Makoto Umemiya, Präsident & Representative Director von Orico, sagte:
„Der indonesische Kreditkartenmarkt birgt ein enormes Potenzial, und Honest ist mit seinem innovativen Ansatz gut positioniert, um dieses Wachstum anzuführen. Wir freuen uns, das Unternehmen als langfristiger strategischer Partner zu unterstützen und es auf seinem Weg zum Marktführer zu begleiten, der die Finanzdienstleistungen für Millionen von Indonesiern revolutionieren wird.”

Orico ist einer der führenden Kreditkartenaussteller Japans und der Verbraucherkreditarm der Mizuho Financial Group, einer der weltweit größten Banken mit einem Vermögen in Billionenhöhe.

Ross Fubini, Managing Partner bei XYZ Venture Capital, fügte hinzu:
„Wir haben noch nie etwas wie Honest gesehen – es ist die erste wirklich digitale Kreditkarte in der Region, von der die Kunden wirklich begeistert sind. Honest hat Probleme gelöst, an die traditionelle Banken nicht herankommen konnten, und man merkt den Unterschied daran, wie die Leute über das Produkt sprechen – sie lieben es, es zu nutzen.”

XYZ Venture Capital ist ein milliardenschwerer Fonds aus dem Silicon Valley, der von Fubini gegründet wurde, der auf der Forbes Midas List aufgeführt ist. Fubini wird auch dem Vorstand von Honest beitreten, wobei XYZ nach Orico zum zweitgrößten Investor des Unternehmens wird.

Informationen zu Honest

Honest wurde 2023 gegründet und ist Indonesiens am schnellsten wachsender Kreditkartenaussteller mit dem Ziel, bis 2030 einen Börsengang in den USA zu erreichen. Das Unternehmen wurde von Peter Panas, ehemaliger Vizepräsident für Apple Card bei Goldman Sachs, und Will Ongkowidjaja, Mitbegründer von Alpha JWC, Indonesiens führender Risikokapitalgesellschaft, gegründet

Honest ist das einzige Fintech-Unternehmen in Indonesien mit einer Kreditkartenlizenz, nachdem es 2022 GE Finance Indonesia übernommen hat. Zu seinen Investoren zählen führende Unternehmen aus dem Silicon Valley wie XYZ, Village Global und Goodwater sowie die japanischen Zahlungsdienstleister Orico, Rakuten und GMO. Zu den namhaften Angel-Investoren gehören David Vélez, Gründer von Nubank.

Kontakt: [email protected]

Foto – https://mma.prnewswire.com/media/2782732/PeterPanas_WillOngkowidjaja.jpg

JAKARTA, Indonésie, 1er octobre 2025 — Honest, l’émetteur de cartes de crédit à la croissance la plus rapide d’Indonésie, a clôturé une levée de fonds de croissance sursouscrite, menée par Orico, portant les fonds propres de la société à 100 millions de dollars. Ce tour de table a vu le maintien du soutien de XYZ Venture Capital, SV Pacific Ventures et Village Global, ainsi que la participation d’autres investisseurs américains de premier plan, dont Gilgamesh Ventures. Honest a également obtenu 40 millions de dollars de financement par emprunt auprès de Mizuho Bank.

Alors que moins de 3 % des Indonésiens possèdent une carte de crédit, Honest ouvre l’accès au crédit à des millions de consommateurs. L’entreprise utilisera ce nouveau capital pour étendre sa carte phare Honest Card aux cartes d’entreprise et aux cartes cobrandées, en s’inspirant de Nubank, Ramp et Imprint en Amérique, mais en les concevant pour l’Asie. Honest peut lancer des cartes cobrandées en quelques semaines et approuve plus de 90 % des demandeurs, alors que les banques indonésiennes traditionnelles mettent souvent des années à les lancer et en approuvent moins de 5 %.

Makoto Umemiya, président et directeur délégué d’Orico, a déclaré :
« Le marché indonésien des cartes de crédit présente un énorme potentiel, et Honest est bien placé pour mener cette croissance grâce à son approche innovante. Nous sommes ravis de soutenir l’entreprise en tant que partenaire stratégique à long terme, en l’aidant à devenir un champion du marché et à transformer les services financiers pour des millions d’Indonésiens. »

Orico est l’un des principaux émetteurs de cartes de crédit au Japon et la branche “crédit à la consommation” du groupe financier Mizuho, l’une des plus grandes banques au monde avec des milliards d’actifs.

Ross Fubini, associé gérant chez XYZ Venture Capital, a ajouté :
« Nous n’avons jamais rien vu de tel que Honest – c’est la première carte de crédit véritablement numérique de la région qui suscite l’enthousiasme des clients. Honest a résolu des problèmes que les banques traditionnelles ne pouvaient aborder, et vous pouvez voir la différence dans la façon dont les gens parlent du produit – ils adorent l’utiliser. »

XYZ Venture Capital est un fonds de la Silicon Valley valorisé à plus d’un milliard de dollars, fondé par M. Fubini, qui a été distingué dans la liste Midas de Forbes. M. Fubini rejoindra également le conseil d’administration de Honest, XYZ devenant le deuxième plus grand investisseur dans la société après Orico.

À propos de Honest

Lancé en 2023, Honest est l’émetteur de cartes de crédit à la croissance la plus rapide d’Indonésie. La société, qui ambitionne de s’introduire en bourse aux États-Unis avant 2030, a été fondée par Peter Panas, ancien vice-président des produits pour Apple Card chez Goldman Sachs, et Will Ongkowidjaja, cofondateur d’Alpha JWC, la principale société indonésienne de capital-risque.

Honest est la seule fintech en Indonésie à posséder une licence de cartes de crédit, suite à son acquisition de GE Finance Indonesia en 2022. Ses investisseurs comprennent des entreprises de premier plan de la Silicon Valley telles que XYZ, Village Global et Goodwater, ainsi que les leaders japonais des paiements Orico, Rakuten et GMO.1 Parmi les investisseurs providentiels notables, citons David Vélez, fondateur de Nubank.

Contact : [email protected]

Photo – https://mma.prnewswire.com/media/2782732/PeterPanas_WillOngkowidjaja.jpg 

NEW YORK, Oct. 1, 2025 — Siguler Guff & Company, LP (“Siguler Guff” or the “Firm”), a global private markets investment firm with more than $17 billion in assets under management, today announced the final close of the Siguler Guff Brazil Special Situations Fund III (“BSSF III” or the “Fund”), the latest vintage of its Brazilian Legal Claims strategy.

BSSF III closed on $415 million in commitments, surpassing its $350 million fundraising target. An additional $23.7 million (R$127,950,000) was raised through a parallel local currency vehicle, bringing total capital raised to approximately $439 million.

Siguler Guff’s Brazilian Legal Claims platform targets structured credit investments related to legal claims against Brazilian public entities. In this capacity, Siguler Guff is a capital solutions provider to corporations and individuals in need of liquidity. As an asset class, Brazilian Legal Claims are typically uncorrelated to broader economic conditions.

The Fund’s strategy is led by Cesar Collier, Partner and Head of Latin America, and managed by a team with over 100 years of combined experience with the legal and operational expertise to navigate Brazil’s complex judicial system. The Firm also actively participates in legislative discussions and has contributed to key Supreme Court rulings that help shape the asset class. Siguler Guff has maintained a local presence in Brazil since opening its São Paulo office in 2011.

Since launching the strategy in 2015, Siguler Guff has generated over $1.3 billion in investment proceeds from Brazilian Legal Claims. The Firm has exposure to hundreds of underlying credit-rights across more than 70 transactions closed over the past decade. Through this activity, Siguler Guff has cultivated an ecosystem of sophisticated legal partners, expert judicial appraisers, and sourcing/operating partners — a network that provides what the Firm believes to be one of the largest transaction funnels of Legal Claims investment opportunities in Brazil.

BSSF III’s predecessor fund, the Siguler Guff Brazil Special Situations Fund II (“BSSF II”), was recently recognized by Preqin as one of the top 10 best-performing private debt funds globally by net IRR (2017– 2022 vintage, $250–$499 million fund size). In addition, as of Q1 2025, BSSF II’s distributed-to-paid-in capital ratio ranks in the first quartile according to Cambridge Associates’ global private equity and venture capital benchmarks for funds in the 2019 vintage year.

Commenting on the fundraise, Sean MacDonald, Partner and Co-Head of Emerging Markets at Siguler Guff, said, “We are pleased that BSSF III exceeded its target and received excellent support from its current Limited Partners as well as new investors, validating the strategy’s strong performance since inception.”   

Drew Guff, Co-Managing Partner and Chief Investment Officer of Siguler Guff, noted, “Our Brazilian Legal Claims strategy continues to perform well for investors owing to the leadership of Cesar Collier and the expertise of our São Paulo team, who have built important relationships in Brazil and throughout Latin America.”

Mr. Collier added, “We are pleased to continue bringing long-term institutional capital to Brazil and very proud of the tangible benefits our investments can deliver – supporting businesses and helping to create jobs and generate tax revenue.” 

NOTE: Preqin award and ranking was issued in April 2025. Selections and awards were made based on net IRR for private debt funds between $250m and $499m in size in the 2017-2022 vintage year cohort. Cambridge Associates’ top quartile ranking was based on Cambridge Associates’ global private equity and venture capital benchmark report for the period ending March 31, 2025. Rankings were made based on global private equity and venture capital funds in the 2019 vintage year.

Siguler Guff was not required to provide compensation to be evaluated or to receive the award from Preqin or Cambridge Associates. The selection methodologies of rankings and awards can be subjective and will often vary. These rankings or awards may not represent investor experience with Siguler Guff or Siguler Guff’s funds or services, nor do they constitute a recommendation of Siguler Guff or its services. Such ranking or award is not necessarily indicative of Siguler Guff’s past or future performance. 

About Siguler Guff
Siguler Guff is a multi-strategy private markets investment firm which, together with its affiliates, has more than $17 billion of assets under management. With 30 years of experience investing in private markets, Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff’s investment products include multi-manager funds, direct investment funds and customized separate accounts targeting specific areas of compelling opportunity. The Firm’s core investment strategies include Small Buyout, Emerging Markets, Opportunistic Credit, Real Estate and Small Business Credit. Siguler Guff’s institutional investment knowledge, sector immersion approach and longstanding relationships provide access to compelling investment opportunities within each of its targeted strategies. Founded in 1991 and headquartered in New York, Siguler Guff maintains offices in Boston, Houston, West Palm Beach, London, Mumbai, São Paulo, Shanghai, Tokyo, Seoul, Hong Kong, Singapore, and Sydney.

Media contacts:
Jeffrey Taufield / Daniel Yunger
[email protected] / [email protected]
Kekst CNC
212.521.4800

SOURCE Siguler Guff

Aligns Investment Pillars with Growing Client Demand for Public to Private Portfolio Construction

NEW YORK, Oct. 1, 2025 — Nuveen, a global asset manager with $1.3 trillion in assets under management, today announced the creation of a dedicated Global Infrastructure Investment Platform, bringing together multiple specialized teams under unified leadership to capitalize on the unprecedented investor demand for infrastructure assets.

Reflecting the firm’s core areas of conviction, culture of collaboration, and unique position as a multi-asset manager, Nuveen’s investment capabilities will now be organized into six distinct asset class pillars.

This milestone follows decades of organic growth and strategic acquisitions that have established Nuveen as a leader in alternative investing, with $340 billion in assets under management across real estate, natural capital, infrastructure, private capital, and specializations in leveraged finance and private placements.

Doubling Down on Infrastructure

Global infrastructure investment needs are estimated at $94 trillion through 2040,¹ driven by energy transition requirements, digital transformation, and aging infrastructure replacement across developed markets. Nuveen’s new platform positions the firm to capture this opportunity through integrated expertise spanning sustainable real estate financing, clean energy development, infrastructure credit, and digital infrastructure equity investments.

“Over the course of multiple decades, we’ve strategically built out our broader alternative investment capabilities, and today we’re ready to meet the unprecedented client demand for infrastructure exposure across both public and private markets,” saidBill Huffman, Chief Executive Officer of Nuveen.

“We’re committed to delivering comprehensive infrastructure solutions across the risk-return spectrum, from development-stage clean energy projects to stabilized digital infrastructure assets and differentiated securitized investment-grade opportunities. By bringing together our specialized teams, we can better serve clients who are seeking to allocate capital to the infrastructure investments that are essential to the global economy,” Huffman continued.

Jessica Bailey, who previously served as CEO of Nuveen Green Capital, has been appointed as Head of Global Infrastructure, a newly created role responsible for scaling the platform, which ranks among the top 20 infrastructure managers by AUM.² Bailey will report to Saira Malik, Nuveen Chief Investment Officer.

New Global Infrastructure Platform Combines Proven Specialists

Nuveen has a multi-decade track record as an infrastructure investment manager, with $36 billion in AUM across private infrastructure debt and equity and listed infrastructure. The newly structured multi-asset Global Infrastructure Investment Platform brings together multiple established teams, including:

• Nuveen Energy Infrastructure Credit provides private credit solutions supporting energy and power infrastructure development focused on digitalization, electrification, and reindustrialization trends across North America, Europe, and other OECD markets. Don Dimitrievich continues to serve as Head of Energy Infrastructure Credit.
• Specialized Nuveen Infrastructure Equity Teams led by Biff Ourso, who continues to serve as Head of Infrastructure Equity:
  • Diversified Infrastructure manages direct investments, limited partnerships, and co-investments in North American clean energy, agricultural infrastructure, digital, transportation, and social infrastructure assets.
  • Clean Energy Infrastructure manages committed capital across private infrastructure projects spanning clean and renewable energy and energy storage infrastructure globally.
  • Digital Infrastructure targets majority private equity investments in cloud, connectivity, and technology services businesses essential to the digital economy.

• Nuveen Green Capital is a national leader in sustainable financing solutions for critical infrastructure in commercial real estate, focused on energy efficiency, renewable energy, and resiliency projects. Retaining her title as Chief Investment Officer, Alexandra Cooley will also serve as Chief Executive Officer of Nuveen Green Capital. She co-founded the business in 2015 and helped create the industry-leading sourcing, structuring, and financing platform for C-PACE.³

The investment strategy and processes of each team remain unchanged. The Infrastructure Platform will benefit from the deep bench of infrastructure investment expertise core to the firm’s DNA as one of the largest municipal bond managers, with $190 billion in AUM.⁴ 

Core Investment Capabilities Reinforced for Continued Growth

In addition to Nuveen’s new Global Infrastructure Investment Platform, the five other distinct asset class pillars include:

• A Global Real Estate Platform which is among the largest in the world,⁵ with over $135 billion in AUM.⁶ Chad Phillips continues to serve as Head of Nuveen’s Global Real Estate platform.
• A Global Natural Capital Platform which positions Nuveen as the largest institutional investor in farmland, overseeing $11 billion in AUM across farmland and timberland. Martin Davies continues to serve as Head of Global Natural Capital.
• A Global Private Capital Platform which is a top-5 private debt fundraiser globally with $87 billion in committed capital and recently entered into a strategic partnership with Hunter Point Capital and Temasek. Ken Kencel and Anthony Fobel continue to serve as co-Chief Executive Officers of Nuveen Private Capital.
• A Global Fixed Income Platform which is among the largest in the world and recognized as a top-5 institutional fixed income manager, with $569 billion in AUM. Anders Persson continues to serve as Head of Global Fixed Income.
• A Global Equities Platform which is ranked among the top-5 best-performing active managers by LSEG Lipper and oversees $536 billion in AUM. Willis Tsai will serve as Head of Global Equities.

Media Contact: Sally Lyden | [email protected] | 646.984.1913

About Nuveen 
Nuveen is a global investment leader, managing $1.3 trillion in public and private assets for clients around the world, as of June 30, 2025. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors — all to pursue lasting performance for our clients, our communities, and our global economy.

¹ Global Infrastructure Outlook, a G20-backed initiative
² IPE Real Assets Report July/August 2024
³ The United States Department of Energy: 2016 C-PACE Report lists the Connecticut C-PACE program as the first statewide C-PACE program in the U.S.
⁴ As of August 2025
⁵ Pensions & Investments Real Estate Managers Special Report, Oct. 2024
⁶ All AUM figures as of August 31, 2025

SOURCE Nuveen

JAKARTA, Indonesia, Oct. 1, 2025 — Honest, Indonesia’s fastest-growing credit card issuer, has closed an oversubscribed growth round led by Orico, bringing the company’s total equity funding to $100 million. The round saw continued backing from XYZ Venture Capital, SV Pacific Ventures, and Village Global, alongside new participation from other leading U.S. investors, including Gilgamesh Ventures. Honest also secured $40 million in debt financing from Mizuho Bank.

With fewer than 3% of Indonesians owning a credit card, Honest is unlocking access to credit for millions of consumers. The company will use the new capital to expand its flagship Honest Card into corporate and co-branded cards, drawing inspiration from Nubank, Ramp, and Imprint in the Americas—but designed for Asia. Honest can launch co-branded cards in weeks and approves more than 90% of applicants, compared with traditional Indonesian banks that often take years to launch and approve fewer than 5%.

Makoto Umemiya, President & Representative Director of Orico, said:
“Indonesia’s credit card market holds enormous potential, and Honest is well-positioned to lead this growth with its innovative approach. We are excited to back the company as a long-term strategic partner, supporting its journey to become a market champion and transform financial services for millions of Indonesians.”

Orico is one of Japan’s leading credit card issuers and the consumer finance arm of Mizuho Financial Group, one of the world’s largest banks with trillions in assets.

Ross Fubini, Managing Partner at XYZ Venture Capital, added:
“We’ve never seen anything like Honest—it’s the first truly digital credit card in the region that customers are genuinely excited about. Honest has solved problems traditional banks couldn’t touch, and you can see the difference in how people talk about the product—they love using it.”

XYZ Venture Capital is a billion-dollar Silicon Valley fund founded by Fubini, who has been recognized on the Forbes Midas List. Fubini will also join Honest’s board with XYZ becoming the company’s second-largest investor after Orico.

About Honest

Launched in 2023, Honest is Indonesia’s fastest-growing credit card issuer, with ambitions to pursue a U.S. IPO before 2030. The company was founded by Peter Panas, former VP of Product for Apple Card at Goldman Sachs, and Will Ongkowidjaja, co-founder of Alpha JWC, Indonesia’s leading venture capital firm.

Honest is the only fintech in Indonesia with a credit card license, following its acquisition of GE Finance Indonesia in 2022. Its investors include leading Silicon Valley firms such as XYZ, Village Global, and Goodwater, as well as Japanese payments leaders Orico, Rakuten, and GMO. Notable angel investors include David Vélez, founder of Nubank.

Contact: [email protected]

SOURCE Honest Financial Technologies

New funding to accelerate growth as apiphani combines Deep Automation™ and expert engineering to help enterprises move beyond legacy support models — delivering resilience, security, and performance.

BOSTON, Oct. 1, 2025 — Apiphani, an AI-native platform and managed services company for mission-critical applications, today announced$25 million in Series A funding led by global software investor Insight Partners. The new capital will accelerate apiphani’s growth, expanding its footprint in regulated industries such as energy, utilities, and telecommunications, where uptime, security, and performance are paramount. Enterprises have historically relied on global systems integrators (GSIs) leveraging labor-arbitrage models to deploy large teams of low-skilled, low-cost workers to manage complex IT environments — an approach that often results in missed service-level agreements and a heightened risk of downtime.

Apiphani takes a different path: small, highly skilled, senior teams empowered by apiphani’s proprietary, AI-driven automation and observability platform. The result is a model that can minimize risk, strengthen compliance, and deliver reliability — at scale — that legacy players can’t match. “At a time when global integrators will assign hundreds of people to support a relatively vanilla, mid-sized enterprise IT environment — and still miss service levels — we’re proving there’s a better way,” says Justin Folkers, Co-Founder and CEO of apiphani. “CIOs and CFOs know that downtime is unacceptable. It’s our belief that a combination of expert engineers and AI-driven automation is the only model that scales with resilience.”

Apiphani has achieved 100% uptime across all its client production environments for well over two years.

At the core of apiphani’s approach is luumen, its proprietary observability platform powered by the company’s AI-based Deep Automation™ technology. Originally developed to support apiphani’s managed services, it is now a product offering available directly to enterprises. Luumen gives engineers real-time visibility into environments and integrates seamlessly with IT toolchains across monitoring, alerting & escalation, ITSM, security, and backups. Designed as both an ecosystem and an engineer’s workbench, luumen includes a library of preconfigured automations for common application and infrastructure tasks. It also offers extensive add-ons and integrations that let teams tailor the platform to their environment. Beyond observability, luumen enables enterprises to build and monitor bespoke automations that reduce manual work, eliminate ticket sprawl, and increase the value of existing IT investments.

“We didn’t inherit the technical debt of legacy providers, so we built from the ground up with automation at the center,” says Cynthia Borgman, apiphani Co-Founder and Chief Delivery Officer. “This isn’t about labor arbitrage. It’s about enabling exceptional talent to do meaningful work in an environment that is both rewarding and supportive.”

“Enterprises have heard many promises over the past decade — resilience, better security, and workflow automations that save time and resources, to name a few. Today, outages and security breaches are even more common, and enterprises are investing millions in AI without seeing ROI. Apiphani has built the software product and managed services offering to meet those promises for their customers, and we’re thrilled to be partnering with them in this next chapter,” says Richard Matus, Principal at Insight Partners.

Founded in 2018, apiphani began with on-premise SAP support and has since expanded its model to meet the needs of modern cloud and hybrid infrastructures. With new funding, the company plans to scale its engineering and go-to-market teams in Boston and Lisbon, while continuing to expand capabilities and broaden industry reach. “Our thesis was bold,” says Folkers. “But we’ve proven it works at scale. With the support of Insight Partners, we’re ready to help enterprises realign their operations with business objectives in ways that simply weren’t possible before.” Moelis & Company served as exclusive financial advisor to apiphani.

About apiphani

Apiphani, a technology-enabled professional and managed services provider, is reimagining the way organizations manage their mission-critical workloads. Apiphani helps unlock the hidden and under-utilized capabilities of customers’ existing software investments, reduces technical debt, and deploys and supports high-performance, highly resilient application estates that serve as the foundation for digital transformation and innovation. One of the fastest-growing privately held companies in the U.S., apiphani is at the vanguard of the movement to hyper-automate IT operations. Apiphani’s luumen product suite, enabled by their AI-based Deep Automation™ technology, automates many of the common tasks associated with managing a complex IT environment, freeing people to focus on more value-additive work. To learn more, visit apiphani.io.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 875 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

Media Contact:
Hope Eyre
VP, Marketing & Alliances
Apiphani
Email: [email protected] 

SOURCE APIPHANI, INC

Led by Village Global with participation from Circle Ventures, Paxos, and WTI; Startup achieves $1 40 Million in total payment volume within first 11 months of launch

SAN FRANCISCO, Sept. 30, 2025 — Mesta, the Global fiat + Stablecoin Payment Network, today announced it has raised a $5.5 million seed round led by Village Global, with participation from Circle Ventures, Paxos, and WTI – Western Technology Investment. Existing backers including Garuda Ventures, Canonical Crypto, Everywhere Ventures, and Inventum Ventures also reaffirmed their support.

Mesta will deploy this capital to expand its global payment features, strengthen its international teams, and accelerate growth worldwide.

Since its launch just 11 months ago, Mesta has cemented itself as one of the fastest growing cross-border payment networks, combining the reliability of fiat rails with the efficiency of stablecoin rails. The company has processed more than $140 million in total payment volume (TPV) to date, with transaction volumes scaling more in the last two months than the first nine combined. Today, Mesta executes an average of $3 million in daily volume and is on track to surpass $300 million in TPV by year-end.

Scaling the Payment Network That Solves Cross-Border Pain

Cross-border payments have historically forced businesses to choose between speed and cost — sacrificing one for the other. Mesta solves this problem by combining fiat rails for reliability and compliance with stablecoin rails for speed and cost-efficiency, creating a single, faster, cheaper and more efficient hybrid payment network.

Mesta enables enterprise-grade cross-border payments across multiple use cases such as bill payments, payroll, supply chain payments and same name On/Off ramps. Mesta’s customers span the full spectrum of Web2 and Web3 – from payment companies, SMB fintechs, crypto wallets, OTC desks, and more. With support for USD, EUR, GBP, USDC, USDT, USDG and PYUSD, Mesta can convert these into global Stablecoins and 40+ global currencies via hybrid rails that eliminate the inefficiencies of legacy systems such as SWIFT. Its local rails built natively in many currencies deliver unmatched cost, speed, and compliance advantages – without the need for pre-funded pools. Mesta’s settlement times are very often just a few minutes and their customers save more than 50% on fees.

“Our mission at Mesta is to rewire the way money moves globally – faster, cheaper, and at enterprise-grade accuracy, without sacrificing compliance,” said Sandeep Pyapali, Founder & CEO of Mesta. “In under a year, we’ve proven the demand for hybrid fiat + stablecoin rails. This seed round allows us to double down on scaling our network and building the holy grail: the ability to move money seamlessly between any two fiat currencies worldwide.”

Why Now: Timing with the Genius Act and Market Momentum

The recently passed Genius Act, coupled with rising liquidity and adoption of stablecoins, signals a regulatory and market environment that is finally ready for enterprise-grade blockchain-enabled payments.

Mesta anticipated this convergence early, building a network that combines the best of blockchain innovation with regulated fiat corridors — positioning it as the go-to infrastructure for the next wave of global money movement.

The Founder Factor: Experience That Wins

Sandeep brings unmatched expertise to Mesta, having previously spearheaded the Uber Global Payment Network, facilitating billions in transactions across 70+ countries. His leadership experience at PayPal and BILL, gives him a unique perspective on what it takes to build a global, compliance-first, enterprise-grade network that addresses the real-world pain points of payments teams.

“When policy and innovation align, entire economies benefit,” Sandeep added. “We foresaw this moment, built the rails early, and now we are ready to help fintechs, wallets, and enterprises move money without friction.”

Investor Confidence in the Future of Payments

“Cross-border payments remain one of the most broken areas in global finance. Mesta’s hybrid rails – stablecoin + fiat, offer a real, enterprise-ready solution that the market has been waiting for,” said Jacob Mullins, Venture Partner at Village Global. “We are proud to back Sandeep and the Mesta team as they continue to accelerate adoption among fintechs, wallets, and enterprises worldwide.”

With strategic partnerships across leading fintech organizations, liquidity providers, and banks, Mesta is building a resilient, compliance-first network designed to become the global standard for cross-border money movement.

About Mesta

Mesta is the Global Fiat + Stablecoin Payment Network designed to rewire cross-border payments with enhanced speed, cost optimization, and efficiency in a compliance-first model. Launched in 2024, Mesta has already processed over $140 million in transaction volume, serving fintechs, payment companies, trade aggregators and wallets across the world. Founded by Sandeep Pyapali, Mesta is backed by leading global investors including Village Global, Circle Ventures, Paxos, WTI, Garuda Ventures, Canonical Crypto, Everywhere Ventures, and Inventum Ventures.

For more information, visit www.mesta.xyz

For media enquiries write to[email protected] 

SOURCE Mesta

Plutus, the emerging leader in Agentic AI solutions for the insurance sector, today announced an investment from ServiceNow Ventures , joining existing investor Moneta Ventures in backing Plutus’ mission to transform insurance carriers and brokers with AI-powered offerings built on the ServiceNow AI Platform.

CHICAGO, Sept. 30, 2025 — Founded by former ServiceNow executives Chirag Jindal (CEO) , Kara Anderson (COO) , and Abhishek Bajpai (CTO) , Plutus delivers pre-configured, AI-native solutions to modernize claims, underwriting, and servicing processes for P&C, L&A, and broker ecosystems.

“Our mission from day one has been to bring purpose-built, industry-specific AI agents to the insurance ecosystem that are built on ServiceNow,” said Kara Anderson, COO and Co-founder of Plutus . “With the support of both Moneta Ventures and now ServiceNow Ventures, we’re accelerating our roadmap to help carriers and brokers modernize faster and with greater confidence.”

The investment from ServiceNow Ventures reinforces the strong alignment between Plutus’s agentic AI solutions for the insurance industry and ServiceNow’s vision for AI-driven innovation for the financial services industry. Built on the ServiceNow AI Platform, Plutus leverages ServiceNow’s powerful foundation to accelerate intelligent automation across insurance workflows, driving greater efficiency and smarter decision-making. As part of ServiceNow’s expanding partner ecosystem, this collaboration positions Plutus to deliver transformative, AI-powered solutions that redefine the future of insurance operations.

“Plutus represents the type of industry-focused, AI-first innovation we want to see thrive in the ServiceNow ecosystem,” said Vidya Balakrishnan, VP and GM, Financial Services, ServiceNow. “Built on the ServiceNow AI Platform, their agentic AI solutions have the potential to dramatically simplify and modernize insurance operations. Together, Plutus and ServiceNow are empowering carriers to resolve policyholder issues quickly, transparently, and at scale, and we’re excited to support their growth.”

With enterprise contracts already in motion, Plutus is positioned to become the partner of choice for carriers and brokers looking to unlock the full potential of AI on the ServiceNow AI Platform.

Media Contact: [email protected]

Plutus is on a mission to transform insurance on ServiceNow. A bold new entrant into the ServiceNow partner ecosystem, Plutus partners with carriers and brokers to modernize journeys, deploy AI-native digital agents, and accelerate outcomes with pre-built solutions across the insurance value chain.

SOURCE Plutus Technology Solutions Inc.