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

Summary

After a sluggish couple of years, fintech appears to be making a comeback. In the first quarter of 2025, fintech startups globally raised a combined $10.3 billion — marking the highest level of funding since the first quarter of 2023, according to CB Insights research. The average deal size of $17.7 million also marked the highest since 2021. Notably, several crypto-related startups are among those raising larger rounds in 2025, a reflection of renewed investor appetite in the space. But investors are also backing other types of financial technology companies, including some in the payments, banking, and fraud prevention sectors. Here are the U.S.-based fintech companies that raised $50 million or more so far in 2025, according to PitchBook data: April Plaid, which connects bank accounts to financial applications, sold approximately $575 million worth of common stock at a $6.1 billion post-money valuation. Franklin Templeton led the “oversubscribed” raise, which also included participation from new backers, including Fidelity Management and Research, BlackRock, and others, in addition to existing investors NEA and Ribbit Capital. The San Francisco-based company clarified that the financing was not, in fact, a Series E round, but rather a sale of common stock, which involves a company directly issuing new shares to raise capital. This differs from a secondary share sale, which occurs when existing shareholders sell their shares to other investors without the company receiving any new capital. Felix, a chat-based platform that aids Latino immigrants in the U.S. to send money abroad, raised $75 million in a Series B round. QED Investors led the round, which also included 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 (EWA) app coupled with financial wellness features like overdraft alerts and spending ...