Global Fintech funding remains robust, according to a report distributed by S&P Global Market Intelligence.
According to S&P, Fintech startups raised $10.51 billion across 372 rounds Year over year during the same quarter; while there were fewer deals, total capital raised rose 25%, with 406 rounds raising $8.38 billion
In Q3, 29 funding rounds topped $100 million, the most since Q2 2022. The report notes that seven of the largest funding rounds occurred outside the US. These included the UK’s FNZ at $450 million, Saudi Arabia’s Barraq at $330 million, and Hong Kong’s Qupital at $300 million.
North America remained the largest region at $4.37 billion but fell 12.8% year-on-year, while payments led all segments at $3.47 billion, up 58.6%, driven by cross-border and emerging-market infrastructure rounds.
Ant International won the prize as the largest funding round at $1.2 billion.
Agentic banking and stablecoin-focused startups registered over 10% of total funding rounds. Stablecoin funding hit record levels with at least 27 startups. Miami-based Felix Pago raised $87 million, led by Andreessen Horowitz, after processing over $8 billion in remittances from the US to Mexico using USDC on the Stellar blockchain. Corporate spend platform Jeeves raised $110 million to expand stablecoin offerings, with payment volumes surpassing $1.5 billion annualized within eight months of launch, demonstrating real-world adoption beyond cryptocurrency enthusiasts.
Agentic banking funding reportedly skipped traditional incremental stages, with Go Abacus raising $85 million and Maximum Technologies securing $30 million at seed. S&P says this is 6x the general norm of $5 million for Fintechs.
AI Fintech funding includes Osiris Ratings at $35 million for identity validation, Kastle AI at $24 million for autonomous lending, and Sapiom at $35 million for cryptographic token frameworks enabling AI agents to hold and spend money.
APAC funding increased by 239.5% year-on-year to $2.95 billion, anchored by Singapore deals including Ant International and Crypto.com at $400 million. Asia topped EMEA, which trails North America and Asia Pacific but exceeds Latin America.