After years of relative silence, 2025 may mark a turning point for fintech public listings in the U.S., as several high-profile firms prepare to go public. According to F-Prime Capital, a venture capital firm managing over $4.5 billion in assets and tracking trends in financial technology and crypto, the long fintech IPO drought could finally be ending. In a recent report, F-Prime wrote:
“In 2025, there is hope that the fintech IPO winter is thawing.”
While it remains uncertain whether all the companies highlighted will ultimately go public, several have already filed S-1 or F-1 registration statements — signaling serious intent.
Here are the most notable fintech IPOs to watch:
Klarna
Swedish fintech giant Klarna made waves when it filed a draft registration with the SEC in November, followed by a public release of its F-1 prospectus in March. The company is reportedly seeking to raise at least $1 billion at a $15 billion valuation.
Although plans appeared to stall in April following geopolitical developments, including U.S. tariff announcements, Klarna remains a major IPO contender. The firm was once valued at $45.6 billion and has raised over $4.5 billion from investors such as Sequoia Capital, General Atlantic, and Silver Lake.
Klarna has diversified beyond its “buy now, pay later” roots and achieved $21 million in net income in 2024, setting it apart from many unprofitable fintech peers.
Circle
Stablecoin pioneer Circle formally filed for an IPO on May 27, aiming to go public on the New York Stock Exchange under the ticker CRCL.
According to its S-1 filing, Circle plans to raise $624 million by offering 24 million shares of Class A common stock priced between $24 and $26, for a potential $6 billion valuation.
Founded in 2013, Circle has raised around $1.1 billion from backers including Coinbase, General Catalyst, Accel, and BlackRock. The company, which uses stablecoins for e-commerce and payments, was last valued at $9 billion and reportedly manages over $50 billion in reserves with annual revenues approaching $2 billion.
Chime
Digital banking platform Chime filed its long-anticipated IPO in mid-May. The San Francisco-based company, founded in 2012, has raised over $2 billion from investors such as Menlo Ventures, Iconiq Growth, and General Atlantic.
Chime reported $1.67 billion in revenue in 2024, narrowing its net loss to $25 million, down significantly from $203 million in losses the prior year.
The company will trade on the Nasdaq under the ticker CHYM and plans to offer 32 million shares priced between $24 and $26, which could raise up to $832 million and value Chime at $11.2 billion. Its last private valuation was $25 billion in 2021.
Stripe
Perhaps the most anticipated fintech IPO is Stripe, the payments juggernaut with dual headquarters in San Francisco and Ireland. Despite widespread speculation, Stripe continues to operate privately — and profitably — offering liquidity through secondary share sales rather than a traditional IPO.
In February, Stripe conducted a tender offer that valued the company at $91.5 billion, allowing investors to purchase shares from employees and early backers. The company reportedly surpassed $1.4 trillion in total payment volume in 2024, and although exact revenue figures are not confirmed, estimates suggest it earned over $16 billion in 2023.
Founded in 2010, Stripe has raised more than $9 billion from firms like Sequoia Capital, Andreessen Horowitz, and General Catalyst. If Stripe ever does file for an IPO, it will undoubtedly draw massive attention.
Slide Insurance
Tampa-based Slide Insurance is one of the few insurtech firms preparing to go public in 2025. The company filed its S-1 with the SEC in May and will trade on the Nasdaq under the ticker SLDE. While pricing details are still under wraps, reports suggest the IPO could raise up to $300 million.
Founded in 2021, Slide has secured $770 million in capital, including a $100 million Series A led by Gries Investment Funds and TampaBay.Ventures, with the remainder raised through debt financing.
A New Wave of Funding Ahead?
The return of fintech IPOs could help revitalize venture funding in the sector. After peaking at $127.7 billion globally in 2021, funding for financial services startups fell to just $36 billion in 2024, according to Crunchbase. As of May 30, fintech companies have raised $18.3 billion in 2025.
If successful IPOs provide long-awaited liquidity to investors, it could trigger a fresh wave of capital flowing into emerging fintech startups — reigniting innovation and growth across the sector.
