After a sluggish couple of years, fintech seems to be making a comeback.
Within the first quarter of 2025, fintech startups globally raised a mixed $10.3 billion — marking the best stage of funding because the first quarter of 2023, in line with CB Insights research. The common deal measurement 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 area.
However buyers are additionally backing different kinds of monetary expertise firms, together with some within the funds, banking, and fraud prevention sectors. Listed below are the U.S.-based fintech firms that raised $50 million or extra to date in 2025, in line with PitchBook knowledge:
April
- Plaid, which connects financial institution accounts to monetary purposes, offered roughly $575 million value 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 Constancy Administration and Analysis, BlackRock, and others, along with present buyers NEA and Ribbit Capital. The San Francisco-based firm clarified that the financing was not, the truth is, a Sequence E spherical, however relatively a sale of widespread inventory, which includes an organization immediately 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 Sequence B spherical. QED Buyers led the spherical, which additionally included participation from Monashees, Change Ventures, Fort Island, HTwenty, Common Catalyst Buyer Worth 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 developments, raised $75 million in a Sequence B spherical. The spherical was led by Prosus at a post-money valuation of $340 million.
- Ethic, a New York Metropolis-based tech-enabled asset administration startup, raised $64 million in Sequence D funding led by State Road World Advisors. The spherical was raised at a $700 million post-money valuation, in line with PitchBook.
- Luna Applied sciences, a Cincinnati, Ohio-based wealth administration platform, raised $63 million in a Sequence C spherical led by Sixth Road Progress. Present backers Financial institution of America, Morgan Stanley, UBS, and TD Financial institution 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 Sequence 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 main and secondary funding at a $3.5 billion post-money valuation. New investor Sequoia led the newest spherical — a Sequence 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 Sequence B spherical led by Paradigm with participation from Consensys, QuantumLight, Yolo Investments, and others. The corporate touted that the financing was secured utilizing PayPal USD (PYUSD) stablecoin. San Francisco-based Mesh was valued at $482 million post-money, in line with PitchBook.
- Flex, which affords 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 Administration, and First Look Companions. Victory Park Capital offered the $200 million credit score facility.
- ONE Amazon, a Miami-based supplier of crypto-powered mission providers supposed to remodel rainforest conservation right into a market-driven funding alternative, raised $105 million. World Edge Worldwide Fund and Gorilla Expertise offered the capital, in line with PitchBook.
- Zolve, a neobank that helps present monetary entry to high-skilled and high-spending international residents shifting 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 Sequence B spherical, led by Creaegis, with participation from HSBC, SBI, GMO, and DG Daiwa to assist its enlargement. Present buyers Accel, Lightspeed Enterprise Companions, Sparta Group, and DST World additionally participated. Moreover, the spherical concerned a debt of $200 million to purchase expats’ books from its companion banks to underwrite dangers.
February
- Bitwise, a San Francisco-based crypto-specialist asset supervisor, raised $70 million in a funding spherical led by Electrical Capital at a post-money valuation of $670 million, in line with PitchBook. Blockchain Coinvestors, Highland Capital, Khosla Ventures, MIT Funding Administration Firm, MassMutual, Haun Ventures, ParaFi Capital, Common 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 round led by Activant Capital. Andreessen Horowitz, Nyca Companions, 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 line with PitchBook.
- Increase, a web based reward card market with an eye fixed towards crypto, raised $63 million. Buyers included Amber Group, Anagram (Cayman Islands), BlackPine, Borderless Capital, GSR, Haun Ventures Administration, Karatage, Paper Ventures, and Pharsalus Capital, amongst others.
- Candid Well being, a income cycle administration platform for healthcare suppliers, raised a $52.5 million Sequence C led by Oak HC/FT and present buyers. The spherical got here six months after Candid’s $29 million Sequence B, which was led by 8VC with the participation of returning backers First Spherical Capital, BoxGroup, and Y Combinator. The Sequence C valued the corporate at $250 million post-money, in line with PitchBook.
January
- Phantom, a developer of a crypto pockets designed for decentralized finance and non-fungible tokens, raised a $150 million Series C round 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 Sequence B spherical of funding led by Adams Road Companions with participation from present buyers together with Oak HC/FT, Costanoa, WestCap, and Pinegrove Enterprise Companions. The spherical took the corporate’s valuation to over $750 million, in line with Forbes.
- Fundraise Up, a Brooklyn-based fundraising platform for nonprofits, raised $70 million in a minority progress funding led by Summit Companions, with participation from present investor Telescope Companions.
- Overtly, a tech-enabled house insurance coverage providers supplier, raised $193 million in a progress financing spherical co-led by Eden World Companions and Allianz X, the strategic progress investments arm of Allianz. Present backers corresponding to Advance Enterprise Companions, Apparent Ventures, Clocktower Expertise Ventures, and Level Judith Capital additionally take part within the financing.