US extended dominance as the leader in the WealthTech market with 54% of all deals in Q2

Global WealthTech deal activity Q2 2026

Key global WealthTech investment stats in Q2 2026:

  • Global WealthTech deal activity dropped 10% YoY in Q2
  • US extended dominance as the leader in the WealthTech market as companies from the country secured 54% of all deals
  • Bunch, a German WealthTech company providing infrastructure for European private markets, raised $35m in a Series B round, marking one of the biggest WealthTech deals of the quarter

Global WealthTech deal activity dropped 10% YoY in Q2

Global WealthTech recorded 213 deals in Q2 2026, down 7% from 230 transactions in Q1 2026 but up 10% from 193 deals in Q2 2025.

Funding fell sharply in both comparisons, coming in at $932.2m for the quarter, down 62% from $2.5bn in Q1 2026 and 67% from $2.8bn in Q2 2025.

The steep decline in capital raised against a relatively modest shift in deal volumes points to a significant compression in average deal sizes.

The larger transactions that sustained funding levels in prior periods were notably absent in Q2 2026.

US extended dominance as the leader in the WealthTech market as companies from the country secured 54% of all deals

US extended its dominance of global WealthTech activity in Q2 2026, recording 116 deals and a 54% share of total transactions.

This compares with 91 deals and a 47% share in Q2 2025, a 27% rise in volume that also pushed its proportional standing meaningfully higher.

India climbed from third place in Q2 2025, where it recorded nine deals and a 5% share, to second in Q2 2026 with 13 deals and a 6% share, a 44% increase in volume and a modest gain in its share of overall activity.

Japan entered the top three in Q2 2026 with 11 deals and a 5% share, having not featured in the equivalent ranking a year earlier.

UK, which had held second place in Q2 2025 with 19 deals and a 10% share, dropped out of the top three entirely.

Its exit is the most notable shift in the ranking, and its replacement by Japan points to a rebalancing of global WealthTech deal flow away from Europe and towards Asia, even as the US continued to consolidate its position at the top of the market.

Bunch, a German WealthTech company providing infrastructure for European private markets, raised $35m in a Series B round, marking one of the biggest WealthTech deals of the quarter

The round was led by Portage, with participation from new backer Illuminate Financial and existing investors Motive Partners, Cherry Ventures, FinTech Collective and several angel investors, bringing total capital raised to over $58m.

Founded in 2021, Bunch serves more than 150 fund managers and 12,000 limited partners through a platform that integrates secure data systems, AI-driven workflows and fund services across the full fund lifecycle, covering digital investor onboarding, fund administration, accounting and tax reporting.

The company is targeting a structural gap in European private markets, where fund managers have historically relied on fragmented, spreadsheet-era infrastructure ill-suited to operating across multiple jurisdictions.

Proceeds will fund market expansion across Germany, Luxembourg and UK, as well as enhanced automation and AI integration across core fund operations including capital calls, compliance processes and reporting.

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