The biggest fintech investment rounds of 2022

The financial sector has experienced a huge turnaround in terms of funding rounds in 2022 compared to last year. Fintech startups have registered more than 130 funding rounds in January alone, and the coming months were even more productive for several companies. According to GlobalData, some startups were more visible to investors simply because of their size, so in this article we will cover some of the biggest fintech funding rounds of 2022. It is a well-known fact that private investors are happy in the fintech sector , so it should come as no surprise that the leading spots were taken by fintech companies.

Acorns

Acorns is an American fintech and financial services company established in 2012. It has managed to raise more than $300 million in March 2022, which speaks volumes about the overall state of the market. However, experts were hoping Acorns would generate even higher numbers since it announced a SPAC deal last year. According to this agreement, Acorns will receive almost 450 million dollars and the total value of the company will be 2.2 billion dollars as a result. Despite high expectations, the SPAC merger was called off a couple of months ago when the timing wasn’t right, so Acorns only got $300 million in the end. This fact clearly indicates that the market is under serious pressure at the moment and several companies are refraining from going public for this very reason.

Stax

Stax is also an American fintech organization operating in multiple segments including software/technology, business services, healthcare, industrial, education and so on. It was established in 2014 by siblings – Suneera Madhani (CEO) and Sal Rehmetullah (President). This company has managed to revolutionize the way payments are processed today and created a secure environment for businesses and platforms to conduct transactions. The year 2022 was quite productive for Stax as it received $245 million in investments from companies such as HarbourVest Partners, Greater Sum Ventures and Blue Star Innovation Partners. Experts state that the coming months will be even more productive for this company since it has managed to maintain a high level of customer engagement so far.

Marlette Holdings

Marlette Holdings may be an unfamiliar name to the majority of readers, but you’ve probably heard of its online credit and financial wellness platform called Best Egg. This is a Delaware-based fintech company that has managed to earn $225 million from the Healthcare of Ontario Pension Plan. As a result, Best Egg accumulated a total of $300 million in revenue by 2022, making it the third largest fintech funding round this year. According to Crunchbase, Best Egg was established in 2013 and has raised more than $2 billion since then.

Edly

Edly is a New York-based company that was founded only 3 years ago, but it has managed to help many students by providing alternative resources for traditional private loans. As a result, students have the opportunity to benefit from more affordable and accessible loans, and so far Edly has more than 4,000 customers. In 2022, Edly announced an investment of 175 million dollars from funds. Co-investment vehicles were also provided by companies such as Windmuehle Funds and Medalist Partners. This has significantly helped Edly develop education financing that includes income-based repayment loans. This tuition takes into account the starting salary of students and helps them to complete affordable loans.

SonarSource

SonarSource is a Swiss company established back in 2008 that develops open source software for continuous code quality. This means that developers have a chance to write clean codes and revise existing ones organically to get the desired results. This year has been huge for SonarSource since it received a total of $412 million from a funding round led by General Catalyst and Advert International. Moreover, an existing investor called Inside Venture Partners also participated in this move and as a result SonarSource accumulated up to $4.7 billion in valuation. As officials have stated, the company has big goals to grow its go-to-market team globally and get more than $1 billion in revenue, so they will direct funds in that direction.

Veza

Veza is a data security platform that claims to be established with authorization power. It provides a wide range of services to security entities and helps them better understand the complex nature of data. You will also learn how to manage human identities and different accounts across different systems. Most importantly, the company supports both cloud and on-premises systems, so you’ll understand how to operate on both. Veza has received a funding round totaling $110 million in 2022 from companies such as Bain Capital, GV, Accel, True Ventures, Ballistic Ventures and Norwest Venture Partners.