Top 5 fintech IPOs of 2025

2025 marked a remarkable year for the fintech industry, with a major rebound in IPOs. This was quite a turnaround after the industry went through a capital market freeze, tariff uncertainty, and a slump in 2023. The momentum was spurred by favorable regulatory signals, including the Trump administration’s indication that it would relax restrictions on both crypto operations and traditional banks. A report by Forge Global highlighted this renewed momentum in the fintech sector.

Notably, fintechs played a significant role in the overall increase in IPOs this year. Stock Analysis recorded 347 IPOs on the U.S. stock market in 2025, marking a 54.91% increase from 2024. Among these, two of the largest four IPOs were from fintech companies Chime and Klarna, according to data from Crunchbase.

However, the late-year U.S. government shutdown momentarily stalled the IPO streak. Despite this, IPO research firm Renaissance Capital predicts another uptick in U.S. fintech IPOs in 2026. This forecast is backed by their 2026 Outlook, which indicates that more crypto and fintech names plan to list, including UK-based neobank Revolut, crypto exchange Kraken, and Japan-based payment app PayPay.

Major Fintech IPOs of 2025

Here are the top five fintech IPO stories of 2025, as reported by American Banker:

Chime

Christopher Britt

Victor J. Blue/Bloomberg

Chime, a digital bank, made a significant splash in the fintech IPO pool in 2025. Its shares surged 59% at its Nasdaq debut in June, pushing the company’s valuation to $18.4 billion. The stock opened at $43, compared to the IPO price of $27. The share price has since returned to around $27.

Chime’s move to go public was a strategic balance of opportunity and calculated risk, according to Pitchbook’s senior analyst Rudy Yang. A successful reception could stimulate a revival in fintech liquidity, which had seen a drop from $222.4 billion in 2021 to $29.1 billion over the following three years and the first quarter of 2025. You can read more about Chime’s IPO here.

Klarna

Klarna, the Swedish buy now/pay later payments company, confidentially listed with the SEC in November 2024. Its S-1 filing became public in March of this year. Klarna reported a net profit of $21 million in 2024, a significant turnaround from its $244 million loss the previous year.

Klarna’s IPO was highly anticipated, and its successful listing signified a recovery in the broader payments technology market. This market had suffered a slump in 2022 and 2023, following the fintech bubble during the rush to digital commerce amid the Covid-19 pandemic.

After a five-month delay, Klarna started trading on the New York Stock Exchange on September 10 under the ticker KLAR. Shares were priced at $40 each, giving the company a $15 billion valuation. This milestone marked the resurgence of a healthy IPO market that had been negatively impacted by Donald Trump’s tariff policy. You can read more about Klarna’s IPO here.

Circle

Circle, a blockchain and digital currency company, filed its S-1 with the Securities and Exchange Commission in April, aiming to raise up to $642 million by selling 24 million shares of Class A common stock. The share price positioned Circle’s valuation at around $6 billion, a figure larger than the $5 billion that Coinbase and Ripple were willing to pay to acquire the company, as reported by Reuters.

On Circle’s public debut day on the NYSE under the ticker CRCL, shares tripled in value to as high as $95.98 in the first hour of trading. This demonstrated strong investor interest in the burgeoning cryptocurrency and stablecoin industries. Currently, Circle’s shares are trading at around $80 per share. You can read more about Circle’s IPO here.

Wealthfront

Wealthfront, a wealth management fintech, filed a confidential IPO in June following the successful IPOs of Chime and Circle. The filing was made public in late September, right before the U.S. government shutdown, which affected the company’s IPO timeline due to the impact on the SEC from Congress’ failure to approve a new budget for federal funding by October 1.

This shutdown posed a significant challenge to the IPO market. Samuel Kerr, head of equity capital markets for Mergermarket, noted that it could damage investor sentiment and clog the IPO pipeline. You can read more about Wealthfront’s IPO here.

Lendbuzz

Lendbuzz, an auto lending fintech, filed for an IPO in September 2025. However, the company has not yet announced the number of common stocks to be offered or the price range. According to CNBC, Lendbuzz is aiming for a valuation of around $1.5 billion.

Lendbuzz specializes in underwriting auto loans for “underserved consumers” with limited or no traditional credit history, as well as for consumers with FICO scores. As of December 31, 2024, 83% of Lendbuzz’s consumers had no credit file or a thin credit file. Lendbuzz’s entry into the auto lending market came shortly after another auto lender, Tricolor, filed for Chapter 7 bankruptcy due to alleged fraud. You can read more about Lendbuzz’s IPO here.

To delve deeper into the details of these major fintech IPOs of 2025, visit American Banker’s coverage here.

John Wick

ABJ, a Senior Writer at Luxurylaunches, brings over 10 years of automotive journalism expertise. He provides insightful coverage of the latest cars and motorcycles across American and European markets, while also highlighting luxury yachts, high-end watches, and gadgets. An authentic automobile aficionado, his commitment shines through in educating readers about the automotive world. When the keyboard rests, Sayan feeds his wanderlust, traversing the world on his motorcycle.