Key US WealthTech investment stats in H1 2025:
- US WealthTech funding fell by 68% YoY in H1
- New York companies emerged as the leader of the US WealthTech market with 60% of the top 10 deals in the first half
- Stash, the New York-based WealthTech platform making wealth-building accessible to everyday consumers, closed one of the biggest US WealthTech deals of the first half of the year with a $146m Series H funding round
US WealthTech funding fell by 68% YoY in H1
In H1 2025, the US WealthTech sector recorded 111 transactions, marking a steep decline of 63% from the 304 deals completed in H1 2024.
Funding followed a similar downward trajectory, with total investment falling to $1.7bn, down 68% from the $5.5bn raised in the same period last year.
The sharper drop in capital compared with deal volume suggests that not only were fewer deals completed, but the scale of individual transactions was also significantly reduced.
This contraction reflects a combination of investor caution and tighter funding conditions, with the WealthTech market experiencing one of its most pronounced slowdowns in recent years.
New York companies emerged as the leader of the US WealthTech market with 60% of the top 10 deals in the first half
The top 10 deals in H1 2025 were overwhelmingly concentrated in New York, which secured six of the largest transactions, a sharp increase from just two in H1 2024.
California maintained a steady presence across both periods, contributing two top deals each year.
Ohio and New Jersey emerged as new entrants in 2025, while several states that featured in H1 2024, including Connecticut, Massachusetts, Illinois, Missouri and Delaware, fell out of the top 10 list.
This shift highlights the growing dominance of New York as the leading hub for major WealthTech deals, while other states have either seen reduced activity or have been unable to compete with the scale of transactions in New York and California.
Stash, the New York-based WealthTech platform making wealth-building accessible to everyday consumers, closed one of the biggest US WealthTech deals of the first half of the year with a $146m Series H funding round
The round was led by Goodwater Capital alongside existing backers.
With over 1.3m paying subscribers and $4.3bn in assets under management, Stash has established itself as a key player in AI-driven financial planning by combining automated investing tools, educational content, and a user-friendly app to help individuals build long-term financial health.
The new capital will accelerate the development of its recently launched Money Coach AI, which delivers personalised financial guidance on investment choices and portfolio diversification in real time.
Already recording over 2.2m user interactions, the AI tool has proven effective in prompting users to take immediate financial action, reinforcing Stash’s mission to democratise wealth management and transform personal finance through technology at scale.
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