WealthTech Safari — Week of July 17, 2026
- Jul 17
- 2 min read
GIM raises $20M to scale agentic AI investing
Grace Investment Machine (GIM), an AI-native investment tech company, closed a $20M Series A co-led by a US VC firm and Hony Capital, with IDG Capital and existing backer Monolith Capital participating, its third round in year one.
The system builds foundation models for capital markets and multi-agent architectures that validate trading signals through layered reasoning; its CogAlpha paper was accepted at ACL 2026 with an oral recommendation.
SS&C to enable digital cash settlement for tokenized funds
SS&C will let tokenized investment transactions settle through regulated digital cash instruments, including stablecoins and tokenized bank deposits.
Builds on its 2026 tokenized-fund issuance rollout, itself built on the 2025 Calastone acquisition.
Feathery raises $30M to scale its AI operating and decisioning system
Feathery, an AI operating/decisioning system for financial services, raised $30M total (including a recent Series A) from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures.
Serves 300+ insurance and wealth firms, including Sequoia Financial, Allworth Financial, and Mission Wealth, processing tens of millions of submissions monthly for onboarding, proposals, and account opening.
Wealthtech drives Indian fintech profits in FY25: Jefferies
India's fintech sector posted its first-ever aggregate profit in FY25, on ₹1.03 trillion in industry revenue; wealthtech was the biggest earnings driver at ₹22,600 crore revenue / ₹7,400 crore profit, while payments (₹51,200 crore revenue) posted a net loss.
Jefferies projects a 29% wealthtech revenue CAGR through FY28, even as overall fintech growth cools from a 49% CAGR (FY21–25) to 18%.
Russell Investments names new long-term owners in B Capital-led deal
A B Capital-led consortium, including CalPERS, agreed to acquire Russell Investments ($416B+ AUM) from TA Associates and Reverence Capital Partners; expected to close Q1 2027.
CEO Zach Buchwald and CIO Kate El-Hillow stay in place; firm keeps its open-architecture, multi-asset model.
Olomon closes $2.6M pre-seed to build a financial system of record
Olomon, founded by Jeremy Bolls (previously founder/exit of Kindful), closed a $2.6M pre-seed from entrepreneurs, fintech investors, and financial-services pros. Several already users of the product.
Building a permissioned, client-owned data layer for complex households, accounts, entities, insurance, private investments, estate structure, sitting beneath existing dashboards/CRMs; GA targeted for early Q3 2026.
