Hello fintech friends,
The story of the last year is that fintech fundraises continued to fall from the 2020 / 2021 high-water mark.
The story often lags the reality a bit – in reality, after a sharp drop-off in 2022, fintech deal counts have remained pretty consistent:
And fundraising is trending up, with bright spots like higher Series A valuations:
Carta, FT Partners, and CB Insights always publish great end-of-year data on the fintech capital market. In advance of those reports, we're sharing the 10 largest fintech fundraises of 2025.
To make the cut on this list, you had to raise $250 million in equity. That means a lot of $100 to $150 million rounds weren't in the top 10 (or even top 15).
We always break down fundraise trends in Sophie Vo's quarterly Signals writeups to analyze common themes: what products are hot? Which rounds are crowded and which are quiet? Are down-rounds trending up? Our Q4 wrapup will be out soon, but in the meantime you can see the three other wrapups from 2024 here:
Here they are – the 10 largest fintech fundraises of 2024:
AlphaSense, a financial markets intelligence and question/answer platform, raised a fresh round of $650 million at a $4 billion valuation and announced its acquisition of intelligence rival Tegus for $930 million in cash and stock. Alphasense is used by over 4,000 enterprise customers, including a majority of the S&P 500. The acquisition will provide customers with a comprehensive combined public and private content offering, further consolidating its leadership in market intelligence.
Mynt, the firm that manages the Philippines-based neobank and payments app GCash, raised $393 million from Japanese bank Mitsubishi UFJ Financial Group at a $5 billion valuation. GCash boasts 94 million users in a nation with a population of 112 million.
Monzo, the UK neobank, raised a total £340 million Series I round. The first tranche of the Series I round saw Alphabet’s CapitalG and Google’s GV make a rare co-investment; the extension saw existing investors such as CapitalG throwing more cash into the pot, alongside new backer Hedosophia, which had previously backed Monzo rival, Wise. The bank plans to make inroads into the US in 2025.
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(Tied) Ualá, Argentina's mobile payments and debit card provider, secured $300 million at a $2.75 billion valuation to expand its financial services across Latin America. The company offers a mobile application for managing a Mastercard prepaid debit card, among other services.
(Tied) Quantinuum, a quantum computing startup with financial services institutions as customers, raised $300 million at a $5 billion valuation from JP Morgan.
(Tied) One, the consumer fintech platform mostly owned by Walmart, raised a funding round over $300 million at a $2.5 billion pre-money valuation.
Zepz, the cross-border money transfer service formerly known as WorldRemit, raised an additional $267 million of capital – from backers including the World Bank.
Human Interest, a startup that lets smaller companies offer retirement plans and 401k's, raised $267 million at a $1.33 billion valuation.
Sikich, a professional services company that provides accounting technology, received a $250 million private equity investment.
Rise Growth Partners, which conducts enterprise readiness assessments of RIAs, raised $250 million.
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Honorable Mentions
Svatantra Microfin, an Indian non-bank lender, raised $230 million.
Bilt Rewards, which allows consumers to earn rewards on rent and daily neighborhood spend, raised $200 million at a $3.1 billion valuation.
Rippling, the global payroll, HR, and benefits platform, raised $200 million in Series F funding at a $13.5 billion valuation and tendered an offer to repurchase up to $590 million of equity from shareholders.
Earned Wealth, a startup that advises doctors on their professional and personal finances, raised $200 million in order to pursue acquisitions.
