Even as a pandemic froze much of the economy, some fintechs were still successfully raising money according to data reported on Wednesday by Buy Shares, a London-based financial education hub.

According to Buy Shares, fintechs reported raising a total of $3.81 billion during the second quarter, a marked decline from another firm's Q1 fundraising estimates.

While Buy Shares has not made available an accounting of first quarter fintech fundraising, a similar report from Forrester calculated global fintech fundraising at about $5.8 billion in the first quarter a pronounced drop from $7.8 billion in the fourth quarter and $12.6 billion in the third quarter of 2019. Forrester has not yet released its analysis of second quarter fintech fundraising.

In Buy Shares’ analysis, Q2 fundraising was led by payment-processing platform Stripe, which raised $850 million, followed by commission-free investing app Robinhood at $439 million and digital privacy-oriented social media app Vero at $241 million. Health insurance firm Oscar raised $225 million and ownership and equity management platform Carta closed out the top five by raising $210 million

The top five fintech firms accounted for 51.34% of Buy Shares’ total raised amount.

But there were other fundraising successes noted by Buy Shares, including:

  • Fundbox – $200 million
  • AirWallex-- $160 million
  • Brex – $150 miillion
  • Checkout.com  Marqeta – $150 million
  • Aspiration – $135 million
  • Starling Bank – $123 million
  • Stash – $112 million
  • N26 – $100 million
  • Onfindo – $100 million
  • Bought By Many – $95 million

Buy Shares claims to have culled its data from GP Bullhound, Pitchbook, Capital IQ and Mergemarket, while Forrester's reports are informed by Venture Scanner data.