2025 Annual FinTech Almanac: Global Financing and M&A Statistics (FT Partners)

Summary

• Private funding rose above $70 billion while the average round size increased to $22 million from $16 million in 2024.p.7
• There were 19 $500 million+ raises in 2025, the second highest annual count after 37 in 2021.p.7
• 26 FinTech IPOs took place globally, up from 11 last year and 5 in 2023.p.7
• The number of $1 billion+ M&A deals (59) rivaled the record reached in 2021 (62).p.6
• Middle East FinTech funding more than doubled to a record $2.8 billion, and USA funding grew 73%.p.7

Key insights

1. Revolut reached a $75 billion valuation, Ripple $40 billion and Ramp $32 billion.p.6
2. Scaled FinTech companies founded 2004 or later made more FinTech acquisitions than other strategic buyers for the first time.p.6
3. Coinbase acquired Deribit for $4.3 billion, Xero acquired Melio for $3 billion, and Global Payments acquired Worldpay for $24+ billion.p.6
4. Early-stage funding volume rose 3% over 2024 while deal count dropped 24%.p.7
5. The Series A to B graduation timeline averaged 28 months, compared with 22 months in 2021 and 2022.p.7
6. The number of $100 million+ financing rounds hit 129 in 2025.p.23