It is too early for experts to predict the impact of ongoing economic uncertainty worldwide — driven by tariffs and macroeconomic and geopolitical headwinds — on fintech funding.

“The markets tend to dislike uncertainty and seize up/slow down when it increases, which it certainly has recently,” Carey Ransom, managing director at financial services-focused strategic investment fund BankTech Ventures, told Bank Automation News, adding that more time is needed to evaluate the effect of tariffs on funding. 

But the crypto industry has become more mainstream under the administration of President Donald Trump, Ransom said. 

“Stablecoins in particular are seeing increased global usage, and that is making both fintechs and banks pay attention and consider their role in them, such as custody, on/off ramps and even possibly issuing them,” Ransom said. 

Venture capital firms like BankTech Ventures are still evaluating crypto deals that “make banks better — more efficient, intelligent, relevant and strategically aligned to their customers,” Ransom said. 

Fintechs that raised money in May 

Airwallex raises $300M in Series F 

Global payments provider Airwallex raised $300 million in its Series F round, reaching a valuation of $6.2 billion, according to the company’s May 21 release. 

VCs including Square Peg, Visa Ventures, Salesforce Ventures, DST Global, Blackbird and Airtree were among top investors in the round. 

“Backing from global investors like Visa validates the scale of the problem that Airwallex is solving: outdated global banking infrastructure that no longer meets the needs of today’s borderless economy,” an Airwallex spokesperson told BAN. “Traditional banks and legacy platforms aren’t built to handle the complexity, speed and localization modern businesses require.” 

Airwallex will use the money to expand its global infrastructure into Japan, Korea, the United Arab Emirates and Latin America, the spokesperson said.  

“This funding also supports our go-to-market acceleration in Europe, North America and Southeast Asia,” the spokesperson said. 

Airwallex has “seen strong growth across the Americas and EMEA, with gross profit in both regions growing at a [compound annual growth rate] of over 250%,” the spokesperson said. 

The company prefers to build products in-house and is “actively preparing for future M&A opportunities that align with our long-term vision,” the spokesperson said. 

The company is on track to reach an annualized revenue of $1 billion in 2025, the release stated.  

The San Francisco-based company has raised $1.2 billion since its founding in 2015, according to Crunchbase. 

Brex, BILL, Deel, Rippling, Navan and Qantas are among its customers. 

Conduit collects $36M in series A 

Cross-border payments company Conduit raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures, according to a May 28 company release. 

Conduit uses stablecoins backed by the U.S. dollar and local currencies to make payments cheaper and faster compared to traditional payments rails like SWIFT, the release stated. 

The Boston-based company reported that its transaction volumes increased 1600% in 2024, surpassing $10 billion in annualized payment volume, the release stated. The company has an extensive payments network in Latin America, Asia and Africa. 

Since its founding in 2021, Conduit has raised $59 million, according to Crunchbase. 

Robinhood to acquire crypto platform WonderFi 

Robinhood plans to acquire Canadian crypto-trading platform WonderFi in an all-cash deal of $179 million, according to the Robinhood’s May 13 release. 

The acquisition is expected to close in the second half of the year, the release stated. 

“WonderFi employees will join more than 140 Robinhood employees based in Canada.” a Robinhood spokesperson told BAN. 

New York-based Robinhood acquired London-based cryptocurrency exchange platform BitStamp for $200 million in 2024 and crypto company Ziglu in 2021for $72 million, according to Robinhood. 

“We have 150,000 customers across the U.K. and EU — and our BitStamp acquisition remains on track to close mid-year, subject to customary closing conditions,” the spokesperson said. Robinhood plans to expand into the Asia-Pacific region.” 

Stash raises $146M in series H 

Stash has secured $146 million in a Series H round to deepen its investment in AI for its financial guidance platform, according to the automated investing platform’s May 12 release. 

The round was led by Goodwater Capital, Union Square Ventures, StepStone Group and Serengeti among others, the release stated. The company has 1.3 million paying subscribers and $4.3 billion in assets under management. 

The New York-based company officially launched Money Coach AI on May 16, a platform that helps customers build savings and start investing which has had 2.2 million customer interactions, according to the release. 

With the money, Stash aims to provide AI-driven financial advice tailored to clients, the release stated. 

CrediLinq secures $8.5M in Series A 

CrediLinq has raised $8.5 million in a Series A funding round, led by Citi Ventures, OMVC and MS&AD Ventures, according to the AI-driven B2B payments provider’s May 16 release. 

CrediLinq plans to use the money to increase technology capabilities and expand, initially into the United States, followed by the United Kingdom and Australia, the release stated. 

The company intends to collaborate with larger digital platforms in these regions to increase user engagement, allowing digital businesses to access growth capital more efficiently, according to the release. 

The company has raised $15 million since its inception in 2021, according to Crunchbase.