UP, UP AND AWAY…
Friends, fintech funding ABSOLUTELY SURGED this week, led by Acrisure’s $2.1B raise and strong mid-stage investments into infrastructure and liquidity platforms. Investor focus remained sharp on embedded finance, payments, and agentic systems tailored to financial workflows. Could we be seeing a new trend here, back toward larger fundings in digital wealth and fintech? We sure hope so. Meanwhile…
Key Trends:
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Scaled Platforms Dominate: Acrisure’s massive raise and Airwallex’s continued growth reinforce investor confidence in full-service fintech platforms.
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Infrastructure & Liquidity: Startups like OpenFX and Sweep are drawing capital for foundational tools that support modern financial architectures.
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Wage Access & Embedded Finance: Clair’s round shows strong interest in banking alternatives tied to employment and payroll systems.
Top 5 Funded Deals (May 20-26, 2024)
Top 5 VC Fintech Deals (May 20–26, 2025)
1. Acrisure
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Location: Grand Rapids, MI, USA
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Description: Fintech company providing insurance and business solutions
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Funding: $2.1 billion
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Round: Convertible Senior Preferred Stock
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Investors: Bain Capital (lead), BDT & MSD Partners, Fidelity Management & Research, Apollo Funds, Gallatin Point Capital
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Note: This funding round elevates Acrisure’s valuation to $32 billion and supports its expansion into non-insurance services, including payroll, cybersecurity, and employee benefits for SMEs.
2. Airwallex
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Location: Melbourne, Australia / San Francisco, CA, USA
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Description: Global payments and financial platform for modern businesses
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Funding: $300 million
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Round: Series F
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Investors: Square Peg (lead), DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia
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Note: The funding brings Airwallex’s total raised to over $1.2 billion, with a valuation of $6.2 billion, and will be used to expand into new markets and enhance technological capabilities.
3. Clair
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Location: New York, NY, USA
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Description: Fintech company offering earned wage access originated by a national bank
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Funding: $23 million
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Round: Series B
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Investors: Undisclosed
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Note: Clair provides workers access to wages as they earn them, part of a growing trend toward on-demand financial services for employees.
4. OpenFX
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Location: New York, NY, USA
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Description: Developer of a multi-layer liquidity architecture for financial technology
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Funding: $23 million
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Round: Initial Funding
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Investors: Undisclosed
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Note: OpenFX is building infrastructure to support institutional-grade liquidity across fintech platforms and trading venues.
5. Sweep
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Location: New York, NY, USA
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Description: Agentic workspace company for business systems with fintech integrations
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Funding: $22.5 million
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Round: Series B
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Investors: Undisclosed
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Note: Sweep is tapping the trend of AI-powered workflows in fintech, helping teams automate operations across finance-related processes.
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