Enterprise-to-business (B2B) fintech firms, which offer monetary merchandise, companies, or infrastructure particularly for different companies, are attracting rising curiosity from traders.
In Q2 2025, B2B fintech corporations dominated the most important offers within the business, capturing 60% of the highest 10 fairness funds investments, and 50% of the highest 10 fairness banking rounds, new information launched by CB Insights present.
Main B2B fintech offers in Q2 2025 included spend administration supplier Ramp’s US$200 million Sequence D at a document US$16 billion valuation, funds platform Dojo’s US$190 million personal fairness spherical from Vitruvian Companions, and enterprise banking supplier Airwallex’s US$150 million Sequence F.
Based in 2019, Ramp affords an all-in-one monetary operations platform that mixes funds, company playing cards, vendor administration, procurement, journey reserving, and automatic bookkeeping with built-in intelligence. The startup claims its 40,000 prospects, which embrace CBRE, Shopify, Anduril and Notion, have saved US$10 billion and greater than 27.5 million hours.
Ramp has been engaged on growing its choices, including functionalities corresponding to synthetic intelligence (AI) brokers and money forecasting. In January 2024, the corporate acquired Venue, an AI-powered procurement software program startup. With its capital injection, Ramp mentioned will probably be doubling down on AI-powered automation, particularly throughout expense reporting, sensible procurement instruments, and automatic treasury administration.
Dojo is a cost expertise supplier from the UK launched in 2021. The startup affords cloud-native in-person and digital cost options together with companies like enterprise funding and reserving administration software program. It claims to serve greater than 140,000 enterprise prospects, and says it’s now targeted on scaling its throughout key European markets, together with Eire, Italy, and Spain.
Airwallex is a world funds and monetary platform for contemporary companies, providing options to handle every part from enterprise accounts, funds, and spend administration to embedded finance. Airwallex achieved US$720 million in annualized income in March 2025, up 90% year-over-year (YoY), with international annualized funds quantity exceeding US$130 billion. Its buyer base grew by 50% in 2024 to 150,000 companies worldwide, together with BILL, Chook, Brex, Deel, Rippling, Navan, Qantas, and ZipHQ. In 2025, Airwallex expects to hit US$1 billion in annual run price income.
With its new capital, Airwallex will develop its international infrastructure into new markets together with Japan, Korea, the United Arab Emirates (UAE), and Latin America, and speed up go-to-market efforts in Europe, North America, and Southeast Asia.
Apart from investments secured by Ramp, Dojo, and Airwallex, different notable B2B fintech funding rounds in Q2 2025 included Finom, a Dutch startup offering digital enterprise banking for small and medium-sized enterprises (SMEs) and which obtained a US$132 million Sequence C spherical; Jumbotail, a B2B market and retail platform for meals and grocery from India which raised a US$120 million Sequence D; and Juspay, a cost infrastructure firm for enterprises and banks from India in addition to that secured a US$60 million Sequence D.
A booming B2B fintech sector
The rise of B2B fintech into dominance within the fintech VC panorama indicators elevated investor deal with business-facing fintech platforms over consumer-oriented functions. These firms profit from steadier, recurring income streams by way of long-term contracts with companies, decrease buyer acquisition prices, and better switching prices that create stickier relationships, making them interesting funding targets.
B2B fintech’s momentum can also be pushed by companies more and more searching for digital-first monetary instruments that streamline their operations, together with automated spending administration, company bank cards, complete enterprise banking platforms.
A brand new report by Flagship Advisory Companions, a boutique technique and M&A advisory agency targeted on funds and fintech, highlights this pattern. It factors to the fast development of the “Workplace of the CFO” or CFO software-as-a-service (SaaS), and their enlargement into built-in, complete platforms that handle accounts payable (AP), accounts receivable (AR), spend, and analytics inside a single ecosystem.
Demand for such platforms has pushed software program suppliers to broaden their choices by way of partnerships and acquisitions, a pattern that’s exemplified by Xero’s current acquisition of Melio, a fast-growing B2B AP/AR cost platforms for SMEs. The deal, valued at roughly US$3.1 billion, underscores Xero’s ambition to embed extra CFO software program, funds, and broader fintech capabilities instantly into its core accounting providing, aiming to ship extra unified expertise and seize extra of the CFO software program stack.
Fintech funding traits
In Q2 2025, fintech funding remained regular, reaching US$10.5 billion, in accordance with CB Insights. This marks the second quarter in a row that international fintech VC funding surpassed the US$10 billion since early 2023, signaling a continued rebound.
Dealmaking fell by 7% quarter-over-quarter (QoQ) to 804, as mega-rounds drove substantial share (40%) of funding and median deal dimension elevated from US$4 million to US$5 million.
Fintech M&A offers, in the meantime, rose to 205, with digital property persevering with to drive exit exercise. Notable transactions included Circle’s preliminary public providing (IPO) at a valuation of US$6.9 billion in June; Stripe’s acquisition of Privy in June; and Coinbase’s US$2.9 billion acquisition of Deribit in Might.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by thanyakij-12 by way of Freepik
