19 US fintech startups have raised over $50M in 2025 so far

April

Plaid, which connects financial institution accounts to monetary purposes, sold approximately $575 million worth of common stock at a $6.1 billion post-money valuation. Franklin Templeton led the “oversubscribed” increase, 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, in actual fact, a Sequence E spherical, however fairly a sale of frequent inventory, which includes 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 Sequence B spherical. QED Traders led the spherical, which additionally included participation from Monashees, Change Ventures, Citadel 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 tendencies, 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 International Advisors. The spherical was raised at a $700 million post-money valuation, in keeping with PitchBook.
Luna Applied sciences, a Cincinnati, Ohio-based wealth administration platform, raised $63 million in a Sequence C spherical led by Sixth Road Development. Current 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 increase 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.

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 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 keeping with PitchBook.

Flex, which provides private finance software program and funds infrastructure for enterprise homeowners, raised $25 million in fairness funding whereas securing a $200 million credit score facility. The fairness funds had been raised at a valuation of “slightly 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 supplied the $200 million credit score facility.

ONE Amazon, a Miami-based supplier of crypto-powered mission providers supposed to rework rainforest conservation right into a market-driven funding alternative, raised $105 million. International Edge Worldwide Fund and Gorilla Expertise supplied the capital, in keeping with PitchBook.

Zolve, a neobank that helps present monetary entry to high-skilled and high-spending world 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 broaden 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 growth. Existing investors Accel, Lightspeed Enterprise Companions, Sparta Group, and DST International additionally participated. Moreover, the spherical concerned a debt of $200 million to purchase expats’ books from its associate banks to underwrite dangers.

Bitwise, a San Francisco-based crypto-specialist asset manager, raised $70 million in a funding spherical led by Electrical Capital at a post-money valuation of $670 million, in keeping with PitchBook. Blockchain Coinvestors, Highland Capital, Khosla Ventures, MIT Funding Administration Firm, MassMutual, Haun Ventures, ParaFi Capital, Common Catalyst, and a gaggle 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 keeping with PitchBook.

Increase, an internet present card market with an eye fixed towards crypto, raised $63 million. Traders 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 Series 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 keeping with PitchBook.

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 Series B round 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 keeping with Forbes.

Fundraise Up, a Brooklyn-based fundraising platform for nonprofits, raised $70 million in a minority development funding led by Summit Companions, with participation from present investor Telescope Companions.

Brazenly, a tech-enabled house insurance coverage providers supplier, raised $193 million in a development financing spherical co-led by Eden International Companions and Allianz X, the strategic development investments arm of Allianz. Current backers reminiscent of Advance Enterprise Companions, Apparent Ventures, Clocktower Expertise Ventures, and Level Judith Capital additionally take part within the financing.