Following a period of sluggish growth, the fintech industry is experiencing a resurgence.

According to a report by CB Insights, in the first quarter of 2025, fintech startups worldwide secured a combined total of $10.3 billion in funding, marking the highest level of investment since the first quarter of 2023. Additionally, the average deal size of $17.7 million was the largest since 2021.

Notably, several cryptocurrency-related startups have raised significant funding in 2025, indicating a renewed interest from investors in this space.

However, investors are also supporting other types of financial technology companies, including those in the payments, banking, and fraud prevention sectors. The following is a list of U.S.-based fintech companies that have raised $50 million or more in 2025, based on data from PitchBook:

April

• Plaid has sold approximately $575 million worth of common stock at a $6.1 billion post-money valuation. The funding round was led by Franklin Templeton and included participation from new investors such as Fidelity Management and Research, BlackRock, and existing investors NEA and Ribbit Capital. It is worth noting that this financing was not a traditional Series E round, but rather a direct sale of common stock by the company.

• Felix, a chat-based platform that facilitates money transfers for Latino immigrants in the U.S., raised $75 million in a Series B round led by QED Investors, with participation from Monashees, Switch Ventures, Castle Island, HTwenty, General Catalyst Customer Value Fund, and Endeavor Catalyst.

• Rain, a Los Angeles-based startup offering an employer-integrated earned wage access app and financial wellness features, raised $75 million in a Series B round led by Prosus at a post-money valuation of $340 million.

• Ethic, a New York City-based tech-enabled asset management startup, raised $64 million in Series D funding led by State Street Global Advisors at a $700 million post-money valuation.
• Luna Technologies, a Cincinnati, Ohio-based wealth management platform, raised $63 million in a Series C round led by Sixth Street Growth, with participation from existing backers Bank of America, Morgan Stanley, UBS, and TD Bank Group.
• Tapcheck, a Plano, Texas-based on-demand pay provider, secured $225 million in funding, comprising a $25 million extension to its Series A round led by PeakSpan Capital and a $200 million credit facility from Victory Park Capital.

March

• Mercury, a digital banking startup, raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, with new investor Sequoia leading the Series C round alongside existing backers Coatue, CRV, Andreessen Horowitz, and other new investors Spark Capital and Marathon.

• Mesh, a crypto payments startup, raised $82 million in a Series B round led by Paradigm, with participation from Consensys, QuantumLight, Yolo Investments, and others, at a post-money valuation of $482 million.

• Flex, which offers personal finance software and payments infrastructure for business owners, raised $25 million in equity funding and secured a $200 million credit facility, with the equity funds raised at a valuation of “just under $250 million” led by Titanium Ventures.

• ONE Amazon, a Miami-based provider of crypto-powered project services, raised $105 million from Global Edge Worldwide Fund and Gorilla Technology.
• Zolve, a neobank that provides financial access to high-skilled and high-spending global citizens moving to the U.S., raised $251 million in a new funding round, comprising $51 million in equity for its Series B round led by Creaegis and $200 million in debt to buy expats’ books from its partner banks.

February

• Bitwise, a San Francisco-based crypto-specialist asset manager, raised $70 million in a funding round led by Electric Capital at a post-money valuation of $670 million.

• Sardine, an AI risk platform for fraud, compliance, and credit underwriting, raised a $70 million Series C funding round led by Activant Capital, with participation from Andreessen Horowitz, Nyca Partners, Google Ventures, and others, at a post-money valuation of $680 million.

• Raise, an online gift card marketplace with an eye toward crypto, raised $63 million from investors including Amber Group, Anagram, BlackPine, and Haun Ventures.
• Candid Health, a revenue cycle management platform for healthcare providers, raised a $52.5 million Series C led by Oak HC/FT and existing investors, valuing the company at $250 million post-money.

January

• Phantom, a developer of a crypto wallet for decentralized finance and non-fungible tokens, raised a $150 million Series C round at a $3 billion valuation, co-led by Sequoia Capital and Paradigm.

• Highnote, a San Francisco-based card issuing and embedded payments company, raised $90 million in a Series B round led by Adams Street Partners, valuing the company at over $750 million.

• Fundraise Up, a Brooklyn-based fundraising platform for nonprofits, raised $70 million in a minority growth investment led by Summit Partners.

• Openly, a tech-enabled home insurance services provider, raised $193 million in a growth financing round co-led by Eden Global Partners and Allianz X, with participation from existing backers.