Key US WealthTech investment stats in 2025:
- US WealthTech funding fell by 56% YoY in 2025
- New York continued to dominate the US WealthTech marketplace as companies based in the city secured 40% of the top 10 deals for the year
- Stash, the New York-based WealthTech platform making wealth-building accessible to everyday consumers, closed one of the biggest US WealthTech deals of the year with a $146m Series H funding round
US WealthTech funding fell by 56% YoY in 2025
In 2025, the US WealthTech sector recorded 259 transactions, representing a sharp decline of 39% from the 424 deals completed in 2024.
Funding fell even more steeply, with total investment decreasing to $3.6bn in 2025 from $8.2bn in the prior year, a reduction of 56%.
The disproportionate fall in capital relative to deal volume points to a marked contraction in average deal sizes, suggesting that while investment activity persisted, investors were considerably more cautious in their capital deployment.
This pullback indicates a shift towards smaller, more selective transactions amid a more challenging funding environment for US WealthTech firms.
New York continued to dominate the US WealthTech marketplace as companies based in the city secured 40% of the top 10 deals for the year
The distribution of the top 10 deals also evolved between the two years.
New York strengthened its leading position in 2025, securing four top deals compared with three in 2024, while California increased its share from two to three deals, reinforcing its role as a core WealthTech hub.
Virginia, Ohio and Missouri each appeared in the top 10 for the first time in 2025, highlighting a modest broadening of large-deal activity beyond traditional centres.
In contrast, Illinois, Georgia, Connecticut and New Jersey, which collectively accounted for five top deals in 2024, were absent from the 2025 list.
This shift reflects a rebalancing in the geography of large US WealthTech transactions, with deal concentration tightening around New York and California amid an overall market slowdown.
Stash, the New York-based WealthTech platform making wealth-building accessible to everyday consumers, closed one of the biggest US WealthTech deals 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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