Top 10 VC Deals of 2024 in Fintech, Part 1

Digital Wealth News Continues our Weekly Series Covering the Largest VC Deals of the Week Worldwide in Fintech

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Goodbye, so long, and farewell, 2024

Another year of VC deal activity is over! As we round out 2024, we reflect on some of the most significant triple-digit deals. While 2024 started slow and then gained speed, a rebound in VC funding is taking place.

Notable trends this year…

  • Fintech funding dominated
  • Q2 and Q4 had the largest deals per startup
  • Larger awards went to established startups

Up next are the top 1-5 VC deals of 2024…

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1Alpha Sense

$650M, Capital| Equity | NYC | Fintech | Viking Global Investors, BDT & MSD Partners, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet’s CapitalG and Goldman Sachs Alternatives | https://www.alpha-sense.com/

LinkedIn Overview:

AlphaSense is how the world’s most sophisticated companies remove uncertainty from their decision-making. With market intelligence and search built on proven AI, AlphaSense quickly delivers relevant insights from a trustworthy universe of public and private content—including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research content….

2Splitero

$300M, Capital | Equity | San Diego | Payments | Antarctica Capital | https://www.splitero.com/

LinkedIn Overview:

After years of significant home price appreciation, many homeowners are asset-rich, but either cash-poor or have less than perfect credit…

3Rain

$300M, Capital| Debt | CA | Wealthtech | Clear Haven Capital Management | https://www.rainapp.com/

LinkedIn Overview:

“Rain provides employers a benefit that can be offered to employees to access their earned wages. This benefit has already been rolled out to hundreds of companies located world-wide…”

4Pagaya

$280M, Capital| Debt | NYC | Fintech | BlackRock, UBS O’Connor, JPMorgan Chase, Valley Bank, Israel Discount Bank | https://pagaya.com/

LinkedIn Overview:

Pagaya is a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network.

5Neo Financial

$258M, Series D, Capital | Equity & Debt| Canada | Fintech | Tobi Lütke (Shopify), Stewart Butterfield (Slack), David Baszucki (Roblox), Mike Wessinger (PointClickCare), Valar Ventures, Golden Ventures, Afore Capital, Thomvest Ventures | https://get.neofinancial.com/world_elite_prelaunch/

LinkedIn Overview:

Neo is a leading financial technology company that’s building a more rewarding financial experience — empowering more Canadians to take control of their future...

We’ll be back next week with more news on fintech VC funding.