Investors have their sights set on startups presenting offerings in financial conductivity, identity verification, compliance and fraud.

“We’re having, even as investors, to find different business that we can lean into that we are going to be excited about how they are going to be valuated through their entire path to exit or IPO,” Drew Glover, general partner at Fiat Ventures, said recently at Finovate Spring 2023 in San Francisco.

As investors look to invest in new ventures, the following fintechs recently secured funding:

Bank of America leads funding round for OpenFin

Bank of America led a $35 million series D funding round for operating systems provider OpenFin last week.

OpenFin will use the capital to increase adoption of the OpenFin OS platform, according to an OpenFin release.

“This is a significant milestone in OpenFin’s mission to enable openness, app interoperability and end-user productivity across the financial industry,” OpenFin Chief Executive Mazy Dar said in the release.

Bank of America was joined by Bain Capital Ventures, Barclays, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners and Wells Fargo Strategic Capital in the funding round, according to the release.

Episode Six secures $48M

Episode Six secured $48 million in May through a series C funding round led by investment firm Avenir.

The payments and banking infrastructure fintech will use the capital toward growth, co-founder and Chief Executive of Episode Six John Mitchell told Bank Automation News.

Episode Six operates globally in areas including Asia Pacific, United States and Europe, Mitchell said.

In addition to growing, Episode Six is enhancing its offerings, including the launch of issuer-based installments and global distributions across multiple cloud regions, Mitchell said. “Enhancements to our platform are ongoing.”

Anthos Capital also participated in the funding round, according to an Episode Six release.

Zip closes $100M series C funding round

Payments fintech Zip closed a $100 million series C funding round last week led by Y Combinator.

The fintech allows company employees to request purchases through legal, IT, finance and security in one place, Zip Chief Executive Rujul Zaparde told BAN. In the past, “as a regular employee in the business, if you need to make a purchase, like buy software, hire a contractor — whatever it is — there’s no one place to go to kickoff that request.”

Through the latest funding round, Zip will “invest in engineering, product and design, first and foremost, into making the product better,” he said.

Zip’s client base ranges across technology, healthcare, financial services, insurance, factory and retail, he said.

In investing in product and design, the fintech is also excited about the possibility of use cases with generative AI, he said, noting that Zip will have more to share on that front.