# Splash Financial funding: rounds and investors

> Splash Financial has raised $74M across 2 rounds since 2019. Investors include CMFG Ventures, Citibank and DST Global. Every round with its source.

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

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Splash Financial*

2 rounds we have observed, with the 7 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 Fintech

Funding summary Updated 26 Oct 2026

**$74M** raised across 2 rounds since 2019, from 2 sources

**$4.3M** Round **$70M** Series C

- **Latest round:** Series C, $70M Sept 2025
- **Step-up i:** 16.3×
- **Investors:** 7 (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.

2020 2021 2022 2023 2024 2025

**$4.3M** Round

**$70M** Series C

- **First round:** Round, $4.3M
- **Biggest round:** $70M
- **Between rounds:** 6.3 years

## The rounds

- **Sept 2025** Series C **$70M** *5 new* [Citibank](https://millionrounds.com/fund/citi) [DST Global](https://millionrounds.com/fund/dst-global) [Firebolt Ventures](https://millionrounds.com/fund/firebolt-ventures) [Future Ventures](https://millionrounds.com/fund/future-ventures-4) [Curql](https://millionrounds.com/fund/curql) Source recorded SEC filing: $71M sold, first sale Sept 2025
- **Jun 2019** Round **$4.3M** *2 new* [CMFG Ventures](https://millionrounds.com/fund/cmfg-ventures) Lead [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) Reported by FinSMEs

## Founders and team

From Splash Financial's own website: 1 founder, 7 on the team.

**Steven Muszynski** Founder and CEO

- **Patrick Leimkuehler** President & Chief Operating Officer
- **Arnold Pravinata** Chief Data Science Officer
- **Menaka Padhi** Chief Product Officer
- **Brian Naccarelli** VP Marketing
- **Phani Kommana** VP Engineering
- **Quynh Mai** VP, People & Recruiting
- **Sean Downing** VP Financial Institution Partnerships

## 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** 2019 **Series C** 2025 [CMFG Ventures](https://millionrounds.com/fund/cmfg-ventures) L [Citibank](https://millionrounds.com/fund/citi) [DST Global](https://millionrounds.com/fund/dst-global) [Firebolt Ventures](https://millionrounds.com/fund/firebolt-ventures) [Future Ventures](https://millionrounds.com/fund/future-ventures-4) [Curql](https://millionrounds.com/fund/curql) [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures)

## Everyone who backed them

[CMFG Ventures](https://millionrounds.com/fund/cmfg-ventures) Corporate VC **1** round, led 1

[Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round

[DST Global](https://millionrounds.com/fund/dst-global) Private equity **1** round

[Firebolt Ventures](https://millionrounds.com/fund/firebolt-ventures) VC firm **1** round

[Future Ventures](https://millionrounds.com/fund/future-ventures-4) VC firm **1** round

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

[Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) Private equity **1** round

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

## Also claim to have backed them

This firm lists Splash Financial as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[The O.H.I.O. Fund](https://millionrounds.com/fund/the-o-h-i-o-fund) Private credit Per its own site

## Quick answers about Splash Financial

### Who invested in Splash Financial?

Splash Financial's investors include CMFG Ventures, Citibank, DST Global, Firebolt Ventures and Future Ventures, and 2 more on record.

### How much has Splash Financial raised?

Splash Financial has raised $74M across 2 rounds since 2019.

### When did Splash Financial last raise?

Splash Financial's most recent round was a Series C of $70M in Sept 2025.

### What was Splash Financial's biggest round?

Its most recent round, $70M in Sept 2025, is also its largest on record.

### Who backed Splash Financial first?

Splash Financial's first round on record, in Jun 2019, was backed by CMFG Ventures and Northwestern Mutual.

### What stage is Splash Financial at?

Splash Financial's latest named round is a Series C, in Sept 2025.

### Where is Splash Financial based?

Splash Financial is based in the United States.

### Who led Splash Financial's rounds?

CMFG Ventures led the Undisclosed round in 2019.

## Companies like Splash Financial

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

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