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Mitigating Third-Party Risks: The Key to Preventing Nearly Half of Fintech Breaches
A 2025 report by SecurityScorecard highlights cybersecurity vulnerabilities in the fintech sector, revealing that 41.8% of breaches stem from third-party vendors. Analyzing 250 leading firms, it found 18.4% reported breaches, with many experiencing multiple incidents. Despite these risks, fintech companies scored well overall, achieving a median cybersecurity rating of 90, with 55.6% earning an “A.” Key weaknesses include application security and DNS health. Recommendations for improvement include enhancing vendor oversight, strengthening contractual protections, securing infrastructure, conducting regular audits, prioritizing application security, implementing multi-factor authentication, and monitoring high-risk vendors.
Rain Secures $24.5 Million Funding to Accelerate Global Expansion of Stablecoin Card Services
Rain, a global card issuing platform for stablecoins, has raised $24.5 million in a funding round led by Norwest Venture Partners, alongside new investors like Galaxy Ventures and existing backers including Lightspeed Venture Partners. Founded in 2021, Rain provides physical and virtual payment cards linked to stablecoin balances, operating in over 100 countries. CEO Farooq Malik expressed excitement about the funding, which will enhance interoperability and expand their infrastructure. Industry expert Parker Barrile noted Rain’s leadership in stablecoin adoption amidst growing regulatory support. This funding positions Rain to strengthen its market presence in digital finance.
Invary Secures $3.5M Seed Funding to Propel Next-Gen Runtime Integrity Solutions in Cybersecurity
Invary, a cybersecurity firm specializing in Runtime Integrity solutions, has secured $3.5 million in seed funding to enhance its security technologies. Led by SineWave Ventures and Flyover Capital, with support from Hyperlink Ventures and the KCRise Fund, this investment will expedite the development of Invary’s advanced solutions. The firm focuses on ensuring system integrity using patented technology licensed from the NSA. Upcoming products include a Windows Kernel Runtime Integrity solution and eBPF Runtime Integrity verification, critical for detecting cyber threats. Dr. Patricia Muoio from SineWave will join Invary’s board, emphasizing the need for proactive security measures.
Edera Secures $15M Series A Funding to Revolutionize AI Infrastructure Security
Edera, a cloud security company focused on workload isolation, has raised $15 million in a Series A funding round led by M12, Microsoft’s venture fund. Other investors include Mantis VC and In-Q-Tel. Edera aims to enhance security in multi-tenant cloud environments with its technology, Edera Protect, which ensures workload security without sacrificing performance. The company recently launched Edera Protect AI, automating GPU configuration while securing AI environments. CEO Emily Long highlighted the funding’s role in balancing development speed and security. Analysts note Edera’s capabilities are crucial as AI and GPU technologies become increasingly prevalent. For more, visit Edera.com.
Raiffeisen Bank Partners with Wise Platform to Revolutionize Cross-Border Payments in Central and Eastern Europe
Raiffeisen Bank International has partnered with Wise Platform to enhance international payment experiences for personal and business customers in Central and Eastern Europe (CEE). The integration of Wise’s payment infrastructure will streamline money transfers directly from Raiffeisen accounts, boasting impressive efficiency—65% of transfers take under 20 seconds, and 95% are settled within 24 hours. Matthias Dekan from Raiffeisen highlighted the growing demand for seamless international payments, while Wise’s Steve Naudé noted the partnership’s role in modernizing these services. Wise Platform supports transactions across over 160 countries and 40 currencies, ensuring secure and swift transfers.
Duetti Secures $200M in Funding to Revolutionize Royalty and Publishing Deals for Independent Music Creators
Duetti, a prominent music FinTech platform, has raised $200 million in debt funding to enhance financial services for independent music creators. This funding includes a $150 million credit facility led by Truist Securities and a $50 million side facility from Viola Credit. Duetti aims to expand its offerings, particularly in royalty and publishing deals, allowing artists to access upfront capital and flexible cash deals. The platform also provides comprehensive marketing support, including playlisting and fan engagement campaigns. CEO Lior Tibon highlighted Duetti’s commitment to supporting independent artists, who can now benefit from innovative financial solutions and marketing strategies.