Key US FinTech investment stats in H1 2025:
- US FinTech funding dropped by 19% YoY in H1
- Californian companies dominated the US FinTech marketplace with half of the top deals in the first half of the year
- Acrisure, a global FinTech leader providing AI-driven financial, insurance, cybersecurity, and real estate solutions, was the only bright spot as they secured biggest US FinTech deal of the first half of 2025 with a $2.1bn private equity funding round
US FinTech funding dropped by 19% YoY in H1
In H1 2025, the US FinTech sector recorded 780 transactions, down 34% from the 1,182 deals completed in H1 2024.
Total funding also declined, with investment falling to $24.5bn—a 19% drop from $30.2bn in the same period last year.
While the slowdown in funding was less severe than the drop in deal count, the figures reflect a more selective investment climate, with capital becoming increasingly concentrated in a smaller number of high-value transactions.
This trend suggests a shift towards later-stage funding and larger strategic bets, even as overall deal activity cools.
Californian companies dominated the US FinTech marketplace with half of the top deals in the first half of the year
The top 10 deals in H1 2025 were heavily concentrated in California, which secured five of the largest transactions, a significant jump from just one in H1 2024.
New York followed with two deals, though this marks a sharp decline from the four it secured in the previous year.
Texas retained a single top deal in both periods, while Florida and Michigan entered the top 10 for the first time in 2025.
In contrast, Colorado, Illinois, the District of Columbia, and Connecticut, all of which appeared in the H1 2024 top 10, were absent from this year’s list.
This shift points to a geographic consolidation of top-tier FinTech funding into a few key hubs, with California emerging as the clear leader in attracting large-scale investment.
Acrisure, a global FinTech leader providing AI-driven financial, insurance, cybersecurity, and real estate solutions, was the only bright spot as they secured biggest US FinTech deal of the first half of 2025 with a $2.1bn private equity funding round
The round was led by Bain Capital.
The capital will be used to accelerate the development of its tech-enabled financial services platform, and pursue strategic, accretive M&A to enhance its global reach.
Leveraging advanced technology and a fully integrated platform built through over 900 acquisitions, Acrisure aims to expand its tailored product suite and drive organic growth across its diverse offerings.
The company’s valuation has now reached $32bn, reflecting its rapid transformation from an insurance brokerage to a technology-powered global financial services provider with nearly 19,000 employees across 23 countries.
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