Late summer has proven to be red-hot in the fintech sector. This week, 16 companies received new funds, with 15 equity investments totaling $67 million and one massive debt placement of $200 million to AvantCredit. Combined with the $102 million of equity raised in the first half of August, the sector has attracted $170 million so far this month (not counting the $200 million in debt).
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New equity rounds this week:
Listed by size of deal (Aug 16 through Aug 22, 2014)
Discount real estate agency in UK
Latest round: $11.7 million
Total raised: $11.7 million
Tags: Real estate, rent, mortgage, UK
Source: Crunchbase
Digital bill presentment and payments
Latest round: $11 million
Total funding: $36.7 million
Total funding: $36.7 million
Tags: Electronic bill presentment, billpay, payments, North Carolina
Source: Crunchbase
Continuity Control
Compliance as a service (CaaS)
Compliance as a service (CaaS)
Latest round: $10 million
Total funding: $12 million
Tags: Compliance, legal, regulations, Finovate alum, Connecticut
Source: Finovate
Provides fast access to the block chain for bitcoin developers
Latest round: $9.5 million
Total funding: $13.7 million
Tags: Bitcoin, cryptocurrency, California
Source: Crunchbase
Helps identify and reduce hidden financial fees in investment accounts
Latest round: $6.5 million
Total funding: $9.5 million
Tags: Investing, fees, disclosures, 401(k), IRA, New York
Source: Crunchbase
Mobile biometric security
Latest round: $6 million
Total raised: $10.4 million
Tags: Security, biometrics, Wells Fargo accelerator, Finovate alum, Kansas
Source: Finovate
Mobile security
Latest round: $6 million
Latest round: $6 million
Total funding: $9.4 million
Tags: Security, Wells Fargo accelerator, Finovate alum, California
Source: Finovate
Source: Finovate
Virtual agent technology
Latest round: $2.3 million
Latest round: $2.3 million
Total funding: $2.3 million
Tags: Customer service, mobile, BBVA (investor), SRI (spin-out), California
Source: Crunchbase
Source: Crunchbase
Crowdfunded real estate projects
Latest round: $1 million
Total funding: $1 million
Tags: P2P, investing, debt crowdfunding, rehab, mortgage, lending, North Carolina
Source: Crunchbase
Cryptocurrency distribution platform
Latest round: $800,000
Total funding: $800,000
Tags: Bitcoin, cryptocurrency, India
Source: Crunchbase
Two-factor authentication
Latest round: $791,000
Total funding: $2.8 million
Total funding: $2.8 million
Tags: Security, Finovate alum, Texas
Source: Crunchbase
Platform for bitcoin/cryptocurrency intelligence & research
Latest round: $500,000
Total funding: $500,000
Total funding: $500,000
Tags: Cryptocurrency, payments, Amsterdam
Source: Crunchbase
Social lending for technical talent development
Latest round: $400,000
Total funding: $400,000
Total funding: $400,000
Tags: P2P, crowdfunding, student lending, California
Source: Crunchbase
Payments gateway in Bangkok
Latest round: $300,000
Total raised: $300,000
Total raised: $300,000
Tags: Payments, mobile, Thailand
Source: Crunchbase
Weeleo
Crowdsourced cash currency exchange
Latest round: $20,000
Total funding: Unknown
Tags: Fx, P2P, currency, transfers, Paris
Crowdsourced cash currency exchange
Latest round: $20,000
Total funding: Unknown
Tags: Fx, P2P, currency, transfers, Paris
Source: Crunchbase
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Debt Funding:
AvantCredit
Near-prime lender
Near-prime lender
Latest debt funding: $200 million
Total debt raised: $425 million
Total equity raised: $104 million
Tags: Subprime, credit, lending, Chicago
Tags: Subprime, credit, lending, Chicago
Source: Crunchbase