The fintech industry has witnessed a remarkable surge in funding during the early months of 2025, with numerous startups successfully raising substantial amounts. Fourteen influential firms have collaborated to bring together more than $1.4 billion of private investments. This award is a strong sign of investor commitment and enthusiasm for groundbreaking financial technology solutions like ours.
Among the standout performers, Phantom raised an impressive $150 million in a Series C funding round, achieving a valuation of $3 billion. This funding will further support the company’s mission to improve its platform and grow its customer base. Fundraise Up raised $70 million in a minority growth investment round led by Summit Partners. This funding will allow the growing company to further develop its charitable fundraising platform.
Highnote hit the news waves earlier this year when they announced a $90 million Series B funding round. Adams Street Partners spearheaded the collaboration. This significant investment will enable Highnote to accelerate scaling its operations and expand upon its unique offerings to better serve its clients. Luna Technologies has made waves of late with the announcement of raising a $63 million Series C round. The latest funding round was led by Sixth Street Growth, accelerating Luna’s mission to revolutionize the tech-driven financial ecosystem.
Ethic went on to raise a successful $64 million Series D round, with State Street Global Advisors spearheading the round. This capital will help Ethic continue to grow its vision of making sustainable investing the standard. Plaid recently made waves when they announced their sale of just under $575 million in common stock. At $6.1 billion post-money valuation, this deal is further evidence of the market’s high confidence in Plaid’s fantastic long-term potential.
Rain raised $75 million in a Series B round, in concert with $200 million in debt financing. This two-pronged funding approach reflects Rain’s ambitions to grow its product suite. Flex has previously raised $25 million in equity funding. On top of that, they established a $200 million credit facility, providing more than enough capital to fund all their growth efforts.
This strong demand from the investor community is reflected in the $193 million we raised last week in a growth financing round. Eden Global Partners and Allianz X co-led this remarkable round. This investment will help Openly strengthen its position within the fast-growing insurtech space. Candid Health raised $52.5 million in a Series C round led by Oak HC/FT and existing investors, further solidifying its position in the healthcare fintech sector.
In January of this year, Mercury captured the spotlight with a $300 million primary and secondary funding round. It was a remarkable accomplishment resulting in a post-money valuation of $3.5 billion. In fact, Sardine did do this—raising a stunning $70 million during a Series C funding round. Activant Capital led the charge, showing significant conviction for Sardine’s cutting-edge solutions.
Bitwise made headlines over the weekend after raising $70 million in Series D funding, led by Electric Capital. This outstanding accomplishment catapulted its post-money valuation to $670 million. Just a month ago, Raise raised a very impressive $63 million round led by Haun Ventures, adding even more momentum to the fintech funding fire. Finally, Tapcheck closed a staggering $225 million investment round, further proving the investor appetite for fintech disruption is real.
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