Fintech startups secured huge funding deals in 2024 despite global market turmoil. However, boring down into the 5 biggest capital raises this year demonstrates how that chaos has still hurt the industry deeply. Investors eagerly watch the progress of the Top 5 Most Funded Fintech Startups for potential returns.

Ramp

Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported that spend management company Ramp was raising "several hundred million dollars" at a $5.5 billion valuation. Ramp last raised in March 2022 — raising $200 million in equity funding at an $8.1 billion valuation. In total, the company has secured $970 million in equity financing and $700 million in committed debt funding since its 2019 inception.

Perfios

Bengaluru-based fintech startup Perfios has signed an agreement with Kedaara Capital for an investment of $229 million in the startup's Series D funding round through the combination of a primary and a secondary sale. While the exact breakdown between the two was not disclosed, the investment comes almost 19 months after Perfios raised $70 Mn at a valuation of $400 million. These Top 5 Most Funded Fintech Startups are reshaping banking, payments, and lending with innovative technologies.

Swan

French embedded finance startup Swan raised 37 million euros ($39.6 million) in a series B investment led by European venture capital giant Lakestar. The latest fundraise takes Swan's total money raised to 58 million euros. Accel, another venture capital firm, previously led Swan's series A round in 2021. Swan will initially use the money to expand its operations in the Netherlands in the coming months, before later expanding its operations in the Italian market in 2024.

CredRight

Fintech startup CredRight has raised Rs 78 crore (approximately $9.7 million) through a combination of equity and debt. The equity capital funding was led by the Michael & Susan Dell Foundation with participation from existing investors including YourNest, Spearhead Capital, 9Unicorns and Accion Venture Lab. The debt capital funding was provided by Blacksoil, Caspian Debt, RevX Capital, and Westen Capital.

Finsire

Fintech startup Finsire, announced that it has raised $1.3 million in seed funding. The funding round was led by DevX Venture Fund, with participation from other strategic investors such as iSeed, Spark Capital, and Portal Angel Investors, among others.

According to a statement from the company, Finsire offers lending enablement services that allow digital assets to be used as collateral. Industry analysts predict that the Top five Most Funded Fintech Startups will drive significant disruption in traditional finance. This solution helps banks, NBFCs, fintechs, credit requirement distribution, and depositaries maximise their lending capabilities. The company said it aims to tap into the massive market opportunity of global assets, estimated at $400 trillion.