2025 Fintech Boom: 19 US Startups Securing Over $50M in Funding

Fintech is experiencing a significant resurgence after a period of stagnation. In the first quarter of 2025, global fintech startups raised an impressive $10.3 billion, marking the highest funding level since early 2023. This uptick, according to CB Insights, is indicative of a renewed interest in financial technology, with an average deal size of $17.7 million, the largest since 2021.

Key Trends in Fintech Funding

Investor enthusiasm is not restricted to crypto-related startups; there is a notable interest in various sectors of financial technology. Here are some of the standout U.S.-based fintech companies that secured $50 million or more in funding during 2025:

Major Fundraising Events in April

• Plaid: The San Francisco-based company, known for connecting bank accounts to financial applications, raised approximately $575 million at a post-money valuation of $6.1 billion. This funding round was led by Franklin Templeton, with participation from Fidelity Management and Research, BlackRock, and others.
• Felix: This chat-based platform assisting Latino immigrants in sending money abroad secured $75 million in a Series B round, led by QED Investors.
• Rain: Based in Los Angeles, this startup providing earned wage access raised $75 million in a Series B round, led by Prosus.
• Ethic: The New York City asset management firm raised $64 million in a Series D funding round led by State Street Global Advisors.
• Luna Technologies: This wealth management platform raised $63 million in a Series C round, backed by Sixth Street Growth.
• Tapcheck: Securing $225 million in funding, this Texas-based on-demand pay provider included a $200 million credit facility from Victory Park Capital.

Funding Highlights from March

• Mercury: The digital banking startup raised $300 million in a Series C funding round at a valuation of $3.5 billion, led by Sequoia.
• Mesh: This crypto payments startup raised $82 million in a Series B round, led by Paradigm.
• Flex: Offering personal finance software, Flex raised $25 million in equity funding and secured a $200 million credit facility.
• ONE Amazon: This provider of crypto-powered project services raised $105 million to promote rainforest conservation.
• Zolve: The neobank aimed at global citizens raised $251 million to expand its services.

Notable Funding from Earlier Months

• Bitwise: The crypto-specialist asset manager raised $70 million, led by Electric Capital.
• Sardine: This AI risk platform raised $70 million in Series C funding, spearheaded by Activant Capital.
• Phantom: The developer of a crypto wallet raised $150 million in Series C funding at a valuation of $3 billion.

The resurgence of fintech funding highlights the robust interest from investors across various sectors, signaling a promising outlook for the industry. For more on fintech trends and updates, visit our Fintech News section.