The good times continue for US fintech startups, with a host of companies raising large rounds of funding already in 2025 golden-agers. These capital infusions are driving innovation and growth in nearly every sector of the fintech ecosystem.

Fundraise Up, a Brooklyn-based fundraising platform for nonprofits, leads the pack with a $70 million minority growth investment led by Summit Partners. Payment neobank Zolve raised $251 million in a series D round that combines equity and debt funding. Openly, a tech-enabled home insurance services provider, raised $193 million in a growth series round. This notable funding round was co-led by Swiss impact investment firm Eden Global Partners and Allianz X.

Bitwise, a San Francisco-based crypto-specialist asset manager, announced that it has closed a $70 million Series D funding round. Electric Capital led the round, bringing the firm’s post-money valuation to $670 million. Miami-based ONE Amazon, which powers crypto-enabled, collaborative, community-centric project work, raised $105 million at a $700 million post-money valuation. Rain, a Los Angeles-based startup providing financial wellness programs, raised $75 million in a Series B funding round led by Franklin Templeton. At the same time, Felix, a chat-based platform, closed its own $75 million Series B round.

Plaid, which connects bank accounts to financial applications, sold approximately $575 million worth of common stock at a $6.1 billion post-money valuation. Tapcheck, an on-demand pay provider headquartered in nearby Plano, Texas, raised $225 million. Ethic, a tech-enabled sustainable asset management startup based in New York City, announced $64 million in Series D funding. That financing round was State Street Global Advisors.

Phantom, developer of a crypto wallet, recently completed a Series C funding round of $150 million. This lofty feat just launched their valuation all the way up to $3 billion! Online gift card exchange Raise raised $63 million in a new round, largely led by Haun Ventures. Mercury, a Silicon Valley-based digital banking startup, raised $300 million ($150 million primary and $150 million secondary funding), giving it a $3.5 billion post-money valuation. Mesh, led by Paradigm and SoftBank, a crypto payments startup, closed an $82 million Series B. Highnote, based in San Francisco, focuses on card issuing and embedded payments. It recently announced the closing of a $90 million Series B funding round led by Adams Street Partners.