Resistant AI Raises $25M, BIT Mining Rebrands to SOLAI, and Irys Secures $12.5M - Finance AI Weekly #37
October 21, 2025 -
Finance AI Weekly
Hi there,
Welcome to this week's edition of Finance AI Weekly.
In today's newsletter, we're diving into some exciting developments in the world of AI and finance. Resistant AI, based in Prague, has successfully raised $25 million in Series B funding to bolster its fraud detection services. This funding will enable the company to expand into new markets and enhance its threat intelligence capabilities. Meanwhile, Irys, an insurtech company, has secured $12.5 million in seed funding to advance its AI-native operating system for insurance, aiming to improve service capacity and expand partnerships in the U.S. and Canada.
Additionally, Bud Financial has introduced the Model Context Protocol (MCP) server, which is set to aid in the development of AI agents with real financial data, enhancing AI integration in banking. In a strategic move, BIT Mining Limited will rebrand to SOLAI Limited and adopt the ticker symbol SLAI on the New York Stock Exchange, marking a shift towards AI and blockchain. Stay tuned as we explore these stories and more in this edition.
Welcome to this week's edition of Finance AI Weekly.
In today's newsletter, we're diving into some exciting developments in the world of AI and finance. Resistant AI, based in Prague, has successfully raised $25 million in Series B funding to bolster its fraud detection services. This funding will enable the company to expand into new markets and enhance its threat intelligence capabilities. Meanwhile, Irys, an insurtech company, has secured $12.5 million in seed funding to advance its AI-native operating system for insurance, aiming to improve service capacity and expand partnerships in the U.S. and Canada.
Additionally, Bud Financial has introduced the Model Context Protocol (MCP) server, which is set to aid in the development of AI agents with real financial data, enhancing AI integration in banking. In a strategic move, BIT Mining Limited will rebrand to SOLAI Limited and adopt the ticker symbol SLAI on the New York Stock Exchange, marking a shift towards AI and blockchain. Stay tuned as we explore these stories and more in this edition.
Resistant AI Secures $25 Million for Expansion
Resistant AI, based in Prague, has raised $25 million in Series B funding to enhance its fraud detection services. The funding will support growth into new markets and improve threat intelligence capabilities. Read more
Irys Raises $12.5 Million to Enhance AI Insurance Software
Irys, an insurtech company, has secured $12.5 million in seed funding to advance its AI-native operating system for insurance, aiming to improve service capacity and expand partnerships in the U.S. and Canada. Read more
Bud Financial Introduces Model Context Protocol
On October 7, 2025, Bud Financial announced the launch of the Model Context Protocol (MCP) server, which aims to enhance AI integration in banking by using real financial data. Read more
Algebrik AI and Scienaptic AI Partner for Loan Origination
On October 13, 2025, Algebrik AI announced a partnership with Scienaptic AI to integrate AI-driven decision-making into its Loan Origination System, aiming to improve lending processes and credit underwriting. Read more
BIT Mining Rebrands to SOLAI Limited with New Ticker SLAI
BIT Mining Limited will begin trading as SOLAI Limited with the ticker SLAI on the New York Stock Exchange starting October 20, 2025, marking a strategic shift towards AI and blockchain. Read more
Certificall Raises €1M to Tackle AI-Driven Insurance Fraud
The Toulouse-based startup Certificall has secured €1 million in seed funding to enhance its technology for certifying the authenticity of photos and videos in real-time, addressing AI-related insurance fraud. Read more
Tria Secures $12M for AI-Focused Neobank
Tria has raised $12 million in pre-seed funding to develop a self-custodial neobank designed for both humans and AI agents, aiming to streamline crypto transactions. Read more
Navan Secures $300 Million for Global Expansion
Navan has raised $300 million in Series G funding to expand its AI-powered expense management platform globally, including new offices in Europe. Read more
Ready Plan Go Secures $750K for AI Accounting Platform
Montreal-based startup Ready Plan Go has raised $750,000 in a pre-seed funding round to create an AI platform aimed at automating paperwork for accountants, enhancing efficiency in tax preparation. Read more
Infrrd Unveils AI Workforce for Mortgage Auditing
Infrrd has launched Ally, an AI workforce aimed at automating up to 80% of the mortgage audit process, enhancing efficiency in the industry. Read more
Pathwork and AIMCOR Partner to Boost AI in Life Insurance
On October 20, 2025, Pathwork and AIMCOR Group, LLC announced a strategic partnership to enhance AI adoption in life insurance distribution, focusing on improving case management efficiency. Read more
Heron Data and TFS Financial Automate Broker Desk with AI
Heron Data has partnered with TFS Financial to automate broker desk operations using AI, enhancing efficiency and saving significant workload. Read more
ACORD Solutions Group Launches AI Sanctions Screening
ACORD Solutions Group has introduced an AI-enabled Sanctions Screening service to automate the sanctions checking process in the insurance industry, enhancing efficiency and reducing compliance risks. Read more
Bizcap Acquires 8fig to Boost AI Funding for SMEs
On October 21, 2025, Bizcap announced its acquisition of 8fig, a fintech company specializing in AI-driven funding solutions for e-commerce sellers. This move is intended to enhance Bizcap's global reach and offerings for small and medium enterprises. Read more
AI Adoption Rising in Insurance Industry
A report by Sollers Consulting indicates a growing use of artificial intelligence in the insurance sector, particularly in claims processing and underwriting. The study highlights efficiency improvements but notes a lack of formal governance in many companies. Read more
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