# Incard funding: rounds and investors

> Incard has raised $16M across 3 rounds since 2021. Investors include Smartfin, Notion Capital and SyndicateRoom. Every round with its source.

Source: https://millionrounds.com/company/incard (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Incard*

3 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Financial Services Fintech

Raised 9 months ago

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Funding summary Updated 5 Nov 2026

**$16M** raised across 3 rounds since 2021, from 4 sources

**$927K** Round **$2.1M** Round **$13M** Series A

- **Latest round:** Series A, $13M Feb 2026
- **Led by:** Smartfin
- **Step-up i:** 6.3×
- **Investors:** 5 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024 2025 2026

**$927K** Round

**$2.1M** Round

**$13M** Series A

- **First round:** Round, $927K
- **Biggest round:** $13M
- **Usual gap between rounds:** 2.8 years

## The rounds

- **Feb 2026** Series A **$13M** *5 new* [Smartfin](https://millionrounds.com/fund/smartfin) Lead [Notion Capital](https://millionrounds.com/fund/notion-capital) [SyndicateRoom](https://millionrounds.com/fund/syndicateroom) [Founders Capital](https://millionrounds.com/fund/founders-capital) [MountFund](https://millionrounds.com/fund/mountfund) Reported by Smartfin and 1 other
- **Aug 2024** Round **$2.1M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Oct 2021** Round **$927K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Funding filed with regulators

Incard filed 2 raises, $3.1M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2024 **$2.1M** UK share allotment
- Oct 2021 **$927K** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2021 **Round** 2024 **Series A** 2026 [Smartfin](https://millionrounds.com/fund/smartfin) L [Notion Capital](https://millionrounds.com/fund/notion-capital) [SyndicateRoom](https://millionrounds.com/fund/syndicateroom) [Founders Capital](https://millionrounds.com/fund/founders-capital) [MountFund](https://millionrounds.com/fund/mountfund)

## Everyone who backed them

[Smartfin](https://millionrounds.com/fund/smartfin) VC firm **1** round, led 1

[Notion Capital](https://millionrounds.com/fund/notion-capital) VC firm **1** round

[SyndicateRoom](https://millionrounds.com/fund/syndicateroom) VC firm **1** round

[Founders Capital](https://millionrounds.com/fund/founders-capital) Angel network **1** round

[MountFund](https://millionrounds.com/fund/mountfund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=incard).

## Also claim to have backed them

These 3 firms list Incard as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Funders VC](https://millionrounds.com/fund/funders-vc) VC firm Per its own site

[Mount VC](https://millionrounds.com/fund/mount-venture-capital-fund) VC firm Per its own site

[Plantec Venture Studio](https://millionrounds.com/fund/plantec-venture-studio) Venture studio Per its own site

## Quick answers about Incard

### Who invested in Incard?

Incard's investors include Smartfin, Notion Capital, SyndicateRoom, Founders Capital and MountFund. Smartfin led its latest round.

### How much has Incard raised?

Incard has raised $16M across 3 rounds since 2021.

### When did Incard last raise?

Incard's most recent round was a Series A of $13M in Feb 2026, led by Smartfin.

### What was Incard's biggest round?

Its most recent round, $13M in Feb 2026, is also its largest on record.

### Who backed Incard first?

Incard's first round on record, in Feb 2026, was backed by Smartfin, Notion Capital and SyndicateRoom and 2 others.

### What stage is Incard at?

Incard's latest named round is a Series A, in Feb 2026.

### Where is Incard based?

Incard is based in the United Kingdom.

### Who led Incard's rounds?

Smartfin led the Series A in 2026.

## Companies like Incard

In the same sector, and raised in the last eighteen months.

[**Atmospheric AI** $20M · Nov 2026](https://millionrounds.com/company/atmospheric-ai)[**Lazarus AI** $43M · Nov 2026](https://millionrounds.com/company/lazarus-ai)[**Crediflow AI** $2.0M · Nov 2026](https://millionrounds.com/company/crediflow-ai)[**LO:TECH** $12M · Nov 2026](https://millionrounds.com/company/lo-tech)[**Fractile** $960M · Oct 2026](https://millionrounds.com/company/fractile)[**Nexgen Cloud** $179M · Oct 2026](https://millionrounds.com/company/nexgen-cloud)

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