Fintech funding: Go.AI raises $85M

Fintech funding rounds in September spotlight growing AI demands for mortgage lending, consumer banking and infrastructure resilience. Go.AI secures series A round On-premises AI provider Go.AI , formerly Go Abacus, raised $85 million in a series A round led by Updata Partners , according to a Sept. 22 release. The company will use some of the money to accelerate hardware development and enhance Go LLM, its proprietary model that’s primarily designed for financial services workflows, founder and Chief Executive David Moscatelli told FinAi News . The money will “help us supercharge our training and our development of that model within our technology stack,” he said. Go.AI also plans to embed more agentic capabilities into its on-premises AI operating system, Go.OS, and expand its engineering team, Moscatelli said. The funding round comes as more financial institutions add on-premises AI to their infrastructure to mitigate exposure to a single cloud or model provider, he said. “As AI becomes critical infrastructure, we need to control where it is, how it's used and how it's deployed,” he said. “So I think this is a defining moment for the AI space … for folks that are looking for ownership over their AI system and usage.” The company has seen an uptick in queries since the simultaneous outage among major LLM providers on Sept. 3, Moscatelli added. Go.AI has raised $90 million since its inception in 2022, according to Crunchbase . Sela raises $21M Sela , which builds AI voice agents for mortgage lenders, raised $21 million across seed and series A rounds led by Costanoa , the fintech announced Sept. 22. Sela’s borrower-facing AI agents handle the first steps of the mortgage lending process by qualifying leads, collecting information, answering questions and detailing next steps, co-founder and CEO Nate Becker told FinAi News . The fintech expects the money to help it move “deeper into the funnel” in terms of what its agents can handle without human intervention, he said. For example, Sela’s agents go as far as pulling credit scores before a human takes over. “Over the next year or so, we're going to be figuring out what is the highest leverage point to bring in a human loan officer and sort of take some of the drudgery and the blocking and tackling off of their plates,” Becker said. The company trains its agents on prior mortgage sales interactions to show empathy, active listening and problem-solving skills, he said. Kastle pulls in $24M in series A round AI-driven consumer lending platform Kastle announced Sept. 17 that it raised $24 million in a series A round led by Insight Partners , Fifth Wall , Commerce Ventures and Y Combinator. Kastle builds AI full-time employees for consumer banking, Rishi Choudhary , co-founder and CEO of Kastle, told FinAi News. "An AI FTE owns an end-to-end job the way a person does: It takes the call, verifies the borrower, collects the payment, documents the file and gets measured against the same scorecard as a human agent." The capital will be used to expand engineering, product and go-to-market teams and accelerate deployments, according to the release. "The focus through yearend is proving the AI FTE model at bank scale," he said. The round brings Kastle's total funding to $26 million, Choudhary said. Kastle will demonstrate its technology at the FinAi Lending Summit on Oct. 8 at Caesars Palace Las Vegas. Learn more about the event and register here . Elio scores $5.1M Elio Mortgage, an AI-native licensed mortgage brokerage, announced today that it has emerged from stealth and secured $5.1 million in pre-seed funding led by Motive Partners and Social Leverage . The company uses its proprietary agentic AI platform for pre-qualification, document processing and closing processes. The money will help Elio “move faster” in building its platform, founder and CEO Oren Michaely told FinAi News . “We want to rethink the infrastructure underneath mortgage, creating a provable, evidence-based understanding of the borrower that can support risk decisions and give AI agents the context they need to coordinate the process from the first interaction through funding and beyond,” he said. Big deals Other notable funding announcements this month include: AI-native investment management platform Ridge raised $250 million a series E round; Payments fintech Tabby raised $233 million in a series F round; AI-powered sales tax compliance platform Numeral secured a $100 million series C round; and AI-native investment adviser Savvy Wealth bagged $100 million in series C funding. FinAi Lending Summit, set for Oct. 7-8 in Las Vegas, will include speakers from Fifth Third and Capital One as well as a fireside chat with U.S. Bank Senior Vice President – Lending Operations Group Manager Suzanne Rathbun . To learn more about the 2026 event and register, visit here .

Fintech funding: Go.AI raises $85M

Sela, Kastle, Elio Mortgage announced funding rounds this month

OutSystems’ agentic AI tool makes lending processes 82% cheaper

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Fintech funding: Go.AI raises $85M

Sela, Kastle, Elio Mortgage announced funding rounds this month

OutSystems’ agentic AI tool makes lending processes 82% cheaper

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