This week, three Finovate alums announced significant funding, totaling more than $34 million.
Kony: provides mobile app and multi-channel solutions
- Amount: $18.3 million Series D
- Investor: Telstra Ventures
- Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
- Total Raised: $52.4 million
- Founded: 2007
- FinovateFall 2011 demo
peerTransfer: provides solutions that lessen the cost of international student tuition payments
- Amount: $6.4 million
- Investors: QED Investors, Spark Capital, Maveron, FIDES and KIBO Ventures.
- Funding purpose: Accelerate expansion of product
- Total Raised: $14.9 million
- Founded: 2009
- FinovateSpring 2011 demo
The Receivables Exchange, an online marketplace for buying and selling accounts receivables
- Amount: $10 million
- Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
- Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
- Total Raised: $39.8 million
- Founded: 2007
- FinovateFall 2010 demo
