US FinTech investment increased by 35% YoY in Q3 driven by growth in deals over $100m

In Q3 2025, the US FinTech sector recorded a strong YoY increase in both deal activity and funding but a notable QoQ decline in funding, indicating a cooling period following an exceptionally strong first half of the year.

A total of 450 deals were completed in Q3 2025, up 20% from the 375 deals recorded in Q3 2024 and 5% higher than the 430 deals seen in Q2 2025.

Total funding reached $11.5bn, marking a 35% increase from $8.5bn in Q3 2024 but a 23% drop from the $15bn raised in Q2 2025.