US Fintech Startups Funding 2025: $50M+ Raised

Fintech Rebound: Funding Surges in Early 2025

The financial technology (fintech) sector is demonstrating signs of recovery following a period of slower growth.

Global funding for fintech startups reached $10.3 billion in the first quarter of 2025, as reported by CB Insights. This represents the most substantial funding total since the first quarter of 2023.

Increased Investment Levels

The average investment amount also experienced a significant increase, reaching $17.7 million per deal. This is the highest average deal size observed since 2021.

A renewed interest from investors is particularly evident in cryptocurrency-focused startups, with several securing substantial funding rounds throughout 2025.

Broadening Fintech Investment

However, investment isn't limited to the crypto space. Investors are also providing capital to companies innovating in areas like payments, banking, and fraud prevention.

Below is a list of U.S.-based fintech companies that have successfully raised $50 million or more in funding during 2025, based on data from PitchBook:

• Further details regarding specific companies and funding amounts will be provided based on PitchBook’s ongoing data collection.
• The resurgence in funding indicates a growing confidence in the long-term potential of the fintech industry.
• This trend suggests a positive outlook for innovation and growth within the financial technology landscape.

April

Plaid, the company facilitating connections between bank accounts and various financial applications, completed a sale of common stock valued at approximately $575 million. This resulted in a post-money valuation of $6.1 billion for the company.

Franklin Templeton spearheaded the investment, which was significantly oversubscribed. Additional participation came from new investors such as Fidelity Management and Research, BlackRock, alongside existing investors NEA and Ribbit Capital.

Details of the Financing

The San Francisco-based firm specified that this funding wasn't a traditional Series E round. Instead, it involved a direct issuance of new shares to generate capital.

This method differs from a secondary share sale, where current shareholders sell their holdings to other investors without providing the company with additional funds.

• Felix, a platform designed to assist Latino immigrants in the U.S. with international money transfers via chat, secured $75 million in a Series B funding round.

QED Investors led this round, with contributions from Monashees, Switch Ventures, Castle Island, HTwenty, General Catalyst Customer Value Fund, and Endeavor Catalyst.

• Rain, a Los Angeles startup, provides an employer-integrated earned wage access (EWA) application. It also incorporates financial wellness tools like overdraft notifications and spending analysis.

The company raised $75 million in a Series B round, led by Prosus, achieving a post-money valuation of $340 million.

• Ethic, a tech-driven asset management company based in New York City, obtained $64 million in Series D funding.

State Street Global Advisors led the funding, which valued the company at $700 million post-money, as reported by PitchBook.

• Luna Technologies, a wealth management platform headquartered in Cincinnati, Ohio, raised $63 million in a Series C round.

Sixth Street Growth led the investment, with continued support from existing investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group.

• Tapcheck, an on-demand pay provider located in Plano, Texas, successfully secured $225 million in funding.

This included a $25 million extension to its Series A round, previously led by PeakSpan Capital, and a $200 million credit facility provided by Victory Park Capital.

March

Mercury, a fintech company specializing in digital banking solutions, successfully secured $300 million in funding. This investment encompassed both primary and secondary contributions, resulting in a post-money valuation of $3.5 billion.

Sequoia Capital spearheaded the Series C funding round. Existing investors, including Coatue, CRV, and Andreessen Horowitz, also participated. Additional support came from new investors Spark Capital and Marathon.

Crypto Payments and Financial Infrastructure

Mesh, a startup focused on cryptocurrency payment solutions, announced an $82 million Series B funding round. Paradigm led the investment, with contributions from Consensys, QuantumLight, Yolo Investments, and other firms.

Notably, Mesh highlighted that the financing was completed utilizing the PayPal USD (PYUSD) stablecoin. PitchBook data indicates a post-money valuation of $482 million for the San Francisco-based company.

Flex, a provider of personal finance software and payment infrastructure for businesses, secured a combined $25 million in equity funding and a $200 million credit facility.

The equity funding round, valued at “just under $250 million,” was led by Titanium Ventures. Companyon Ventures, Florida Funders, MS&AD Ventures, AAF Management, and First Look Partners also contributed. Victory Park Capital provided the $200 million credit facility.

Innovative Funding and Global Expansion

ONE Amazon, a Miami-based company leveraging cryptocurrency to support rainforest conservation, raised $105 million. Their model aims to transform conservation efforts into a market-driven investment opportunity.

Global Edge Worldwide Fund and Gorilla Technology provided the necessary capital, as reported by PitchBook.

Zolve, a neobank dedicated to providing financial services to skilled and affluent individuals relocating to the U.S., raised $251 million. This funding included both equity and debt components to facilitate expansion and entry into new markets.

A $51 million Series B equity round was led by Creaegis, with participation from HSBC, SBI, GMO, and DG Daiwa. Accel, Lightspeed Venture Partners, Sparta Group, and DST Global Partners, existing investors, also contributed to this round.

Furthermore, Zolve secured $200 million in debt to acquire loan portfolios from partner banks, enabling them to effectively manage risk associated with expat lending.

February

Bitwise, a San Francisco-headquartered firm specializing in the management of crypto assets, secured $70 million in a funding round. Electric Capital spearheaded the investment, resulting in a post-money valuation of $670 million, as reported by PitchBook.

A diverse group of investors contributed to the financing. These included Blockchain Coinvestors, Highland Capital, Khosla Ventures, MIT Investment Management Company, MassMutual, Haun Ventures, ParaFi Capital, and General Catalyst, alongside several angel investors.

Sardine, a company positioning itself as an AI-driven platform for managing risk related to fraud, compliance, and credit assessment, completed a $70 million Series C funding round. Activant Capital led this investment.

Further participation in Sardine’s funding came from Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody’s Analytics, Experian Ventures, and NAventures. PitchBook data indicates a post-money valuation of $680 million for the San Francisco-based startup.

Raise, an online marketplace focused on gift cards and incorporating cryptocurrency functionality, successfully raised $63 million in funding.

The investment round saw contributions from a variety of sources. These included Amber Group, Anagram (Cayman Islands), BlackPine, Borderless Capital, GSR, Haun Ventures Management, Karatage, Paper Ventures, and Pharsalus Capital.

Candid Health, a platform designed to streamline revenue cycle management for healthcare providers, obtained $52.5 million in Series C funding. Oak HC/FT led the round, with participation from existing investors.

This Series C round followed a $29 million Series B funding secured just six months prior. That earlier round was headed by 8VC, with First Round Capital, BoxGroup, and Y Combinator also contributing. Candid Health’s post-money valuation reached $250 million, according to PitchBook.

January

Phantom, the creator of a cryptocurrency wallet specializing in decentralized finance (DeFi) and non-fungible tokens (NFTs), successfully secured $150 million in Series C funding. This investment resulted in a company valuation of $3 billion.

Sequoia Capital and Paradigm jointly spearheaded the funding round. Additional investors included a16z crypto and Variant.

Highnote Funding

Highnote, a San Francisco-based company focused on card issuance and integrated payment solutions, garnered $90 million during its Series B funding round.

Adams Street Partners led the investment, with continued support from existing investors like Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. Forbes reports the funding elevated the company’s valuation to exceed $750 million.

Fundraise Up Investment

Fundraise Up, a Brooklyn-based platform designed to facilitate fundraising for nonprofit organizations, received a $70 million minority growth investment.

Summit Partners took the lead on this investment, with participation from Telescope Partners, who were already investors in the company.

Openly Secures Growth Financing

Openly, a technology-driven provider of home insurance services, obtained $193 million in a growth financing round.

Eden Global Partners and Allianz X, the venture investment division of Allianz, co-led the financing. Existing investors, including Advance Venture Partners, Obvious Ventures, Clocktower Technology Ventures, and Point Judith Capital, also contributed to this round.