M&A and Fundraising Analysis for September 25, 2026

Goldman Sachs eyes Palmer Square: the bank that wants to become an asset manager

Source: es.tradingview.com → · Sector FinTech — 📬 subscribe to the FinTech newsletter

Goldman Sachs is reportedly in advanced discussions to acquire Palmer Square Capital Management, a specialist in private credit and CLOs. The amount has not been disclosed.

Goldman's trajectory in recent years is clear: after the failure of its foray into retail banking (Marcus), the group is refocusing its growth ambitions on asset management and alternative credit — two activities that generate recurring revenues from third-party capital, less volatile than proprietary trading.

Palmer Square is a consistent piece in this logic: CLOs (securitized loan portfolios) and private credit now capture a growing share of corporate financing, as US regional banks withdraw under regulatory pressure. Goldman is buying a position in a market that is growing by substitution. The operation says less about Goldman than about the recomposition of corporate credit: specialized funds are occupying the space that banks are abandoning, and large banks are buying these funds to avoid losing the market.

Biolevate raises €30 million: AI in life sciences must prove its regulatory seriousness

Source: instagram.com → · Sector B2B Software & Cloud — 📬 subscribe to the B2B Software & Cloud newsletter

Biolevate, a Parisian startup specializing in AI software for life sciences operations in regulated environments, closes a Series A round of €30 million.

The life sciences sector is one of the few where the end client — a pharmaceutical laboratory, a medical device manufacturer — cannot afford to use a tool whose traceability they do not understand. The FDA, EMA, and GxP standards require that every decision be documented, audited, and reproducible. Most general-purpose AI tools fail this test: they produce results, but not the evidence that the auditor demands.

Biolevate explicitly positions its product as "evidence-grade" — a term that says it all: AI is not sold as a generic productivity gain, but as a tool compatible with regulatory validation constraints. It's a niche market, but with high barriers to entry and low price elasticity: a client who has integrated a tool into their validated processes does not easily switch providers.

For investors looking at B2B AI, the regulated vertical is one of the few where the moat is not technological but procedural — and that is precisely what makes it sustainable.

Wealthcome raises €15 million: the battle for wealth management software goes through key accounts

Source: frenchweb.fr →

Wealthcome, a French publisher of wealth management software, closes a Series B round of €15 million led by Breega. The company already equips approximately 800 structures and over 6,000 wealth management professionals.

The French wealth management software market is dominated by Harvest — a historical player whose position is due as much to the inertia of equipped firms as to the intrinsic superiority of the product. Wealthcome explicitly announces its intention to target the key accounts segment, where margins are higher and contracts are multi-year.

The timing is not insignificant: European regulations on the distribution of financial products (MIF II, DDA) have multiplied the traceability and reporting obligations for wealth management advisors. Each new regulatory constraint is, paradoxically, an opportunity for a publisher whose software natively integrates these requirements — and an additional migration cost for firms that would remain on aging tools. The fundraising finances less a product than a targeted commercial effort: convincing the largest structures to take the plunge, knowing that each key account won creates a reference that accelerates subsequent ones.

Duqu raises €1.5 million in pre-seed: the promise of immediate payment for SMEs

Source: instagram.com → · Sector FinTech — 📬 subscribe to the FinTech newsletter

Duqu, a Dutch fintech based in Amsterdam, raises €1.5 million in pre-seed funding from Curiosity VC and No Such Ventures. The company promises SMEs to be paid on their invoices within 24 hours.

Accelerated factoring is not a new idea — but the European SME market remains underserved, with existing solutions often designed for volumes that small businesses do not reach. At this stage, the fundraising finances the proof of concept and initial integrations. It's too early to draw a fundamental thesis: it's a seed investment in a team and a market hypothesis.

📩 Subscribe to our newsletter to follow daily M&A and fundraising news: https://proplace.co/newsletter