After a sluggish couple of years, fintech seems to be making a comeback.
In the primary quarter of 2025, fintech startups globally raised a mixed $10.3 billion — marking the best stage of funding for the reason that first quarter of 2023, in response to CB Insights analysis. The common deal dimension of $17.7 million additionally marked the best since 2021.
Notably, a number of crypto-related startups are amongst these elevating bigger rounds in 2025, a mirrored image of renewed investor urge for food within the house.
But buyers are additionally backing different kinds of monetary know-how corporations, together with some within the funds, banking, and fraud prevention sectors. Here are the U.S.-based fintech corporations that raised $50 million or extra to date in 2025, in response to PitchBook information:
April
- Plaid, which connects financial institution accounts to monetary functions, bought roughly $575 million price of widespread inventory at a $6.1 billion post-money valuation. Franklin Templeton led the “oversubscribed” elevate, which additionally included participation from new backers, together with Fidelity Management and Research, BlackRock, and others, along with present buyers NEA and Ribbit Capital. The San Francisco-based firm clarified that the financing was not, in reality, a Series E spherical, however slightly a sale of widespread inventory, which entails an organization straight issuing new shares to boost capital. This differs from a secondary share sale, which happens when present shareholders promote their shares to different buyers with out the corporate receiving any new capital.
- Felix, a chat-based platform that aids Latino immigrants within the U.S. to ship cash overseas, raised $75 million in a Series B spherical. QED Investors led the spherical, which additionally included participation from Monashees, Switch Ventures, Castle Island, HTwenty, General Catalyst Customer Value Fund, and Endeavor Catalyst.
- Rain, a Los Angeles-based startup providing an employer-integrated earned wage entry (EWA) app coupled with monetary wellness options like overdraft alerts and spending traits, raised $75 million in a Series B spherical. The spherical was led by Prosus at a post-money valuation of $340 million.
- Ethic, a New York City-based tech-enabled asset administration startup, raised $64 million in Series D funding led by State Street Global Advisors. The spherical was raised at a $700 million post-money valuation, in response to PitchBook.
- Luna Technologies, a Cincinnati, Ohio-based wealth administration platform, raised $63 million in a Series C spherical led by Sixth Street Growth. Existing backers Bank of America, Morgan Stanley, UBS, and TD Bank Group additionally participated.
- Tapcheck, a Plano, Texas-based on-demand pay supplier, secured $225 million in funding. The elevate included a $25 million extension to its Series A spherical that was led by PeakSpan Capital, in addition to a $200 million credit score facility from Victory Park Capital.
March
- Mercury, a digital banking startup, raised $300 million in major and secondary funding at a $3.5 billion post-money valuation. New investor Sequoia led the newest spherical — a Series C — alongside present backers Coatue, CRV, Andreessen Horowitz, and different new buyers Spark Capital and Marathon.
- Mesh, a crypto funds startup, raised $82 million in a Series B spherical led by Paradigm with participation from Consensys, QuantumLight, Yolo Investments, and others. The firm touted that the financing was secured utilizing PayPal USD (PYUSD) stablecoin. San Francisco-based Mesh was valued at $482 million post-money, in response to PitchBook.
- Flex, which provides private finance software program and funds infrastructure for enterprise house owners, raised $25 million in fairness funding whereas securing a $200 million credit score facility. The fairness funds have been raised at a valuation of “just below $250 million.” Titanium Ventures led Flex’s fairness spherical, which included participation from Companyon Ventures, Florida Funders, MS&AD Ventures, AAF Management, and First Look Partners. Victory Park Capital offered the $200 million credit score facility.
- ONE Amazon, a Miami-based supplier of crypto-powered mission providers meant to remodel rainforest conservation right into a market-driven funding alternative, raised $105 million. Global Edge Worldwide Fund and Gorilla Technology offered the capital, in response to PitchBook.
- Zolve, a neobank that helps present monetary entry to high-skilled and high-spending international residents transferring to the U.S., raised $251 million in a brand new funding spherical, comprising each fairness and debt, because the startup goals to increase its presence and enter new geographies. Zolve raised $51 million in fairness for its Series B spherical, led by Creaegis, with participation from HSBC, SBI, GMO, and DG Daiwa to assist its growth. Existing buyers Accel, Lightspeed Venture Partners, Sparta Group, and DST Global additionally participated. Additionally, the spherical concerned a debt of $200 million to purchase expats’ books from its accomplice banks to underwrite dangers.
February
- Bitwise, a San Francisco-based crypto-specialist asset supervisor, raised $70 million in a funding spherical led by Electric Capital at a post-money valuation of $670 million, in response to PitchBook. Blockchain Coinvestors, Highland Capital, Khosla Ventures, MIT Investment Management Company, MassMutual, Haun Ventures, ParaFi Capital, General Catalyst, and a bunch of angel buyers additionally participated within the financing.
- Sardine, which describes itself as an AI threat platform for fraud, compliance, and credit score underwriting, raised a $70 million Series C funding spherical led by Activant Capital. Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, and NAventures additionally participated within the financing. The San Francisco-based startup was valued at $680 million post-money, in response to PitchBook.
- Raise, an internet reward card market with an eye fixed towards crypto, raised $63 million. Investors included Amber Group, Anagram (Cayman Islands), BlackPine, Borderless Capital, GSR, Haun Ventures Management, Karatage, Paper Ventures, and Pharsalus Capital, amongst others.
- Candid Health, a income cycle administration platform for healthcare suppliers, raised a $52.5 million Series C led by Oak HC/FT and present buyers. The spherical got here six months after Candid’s $29 million Series B, which was led by 8VC with the participation of returning backers First Round Capital, FieldGroup, and Y Combinator. The Series C valued the corporate at $250 million post-money, in response to PitchBook.
January
- Phantom, a developer of a crypto pockets designed for decentralized finance and non-fungible tokens, raised a $150 million Series C spherical of funding at a $3 billion valuation. Sequoia Capital and Paradigm co-led the financing, which additionally included participation from a16z crypto and Variant.
- Highnote, a San Francisco-based card issuing and embedded funds firm, raised $90 million in a Series B spherical of funding led by Adams Street Partners with participation from present buyers together with Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. The spherical took the corporate’s valuation to over $750 million, in response to Forbes.
- Fundraise Up, a Brooklyn-based fundraising platform for nonprofits, raised $70 million in a minority progress funding led by Summit Partners, with participation from present investor Telescope Partners.
- Openly, a tech-enabled dwelling insurance coverage providers supplier, raised $193 million in a progress financing spherical co-led by Eden Global Partners and Allianz X, the strategic progress investments arm of Allianz. Existing backers akin to Advance Venture Partners, Obvious Ventures, Clocktower Technology Ventures, and Point Judith Capital additionally take part within the financing.
