Apparently the cyber-monday excitement carried over into the fintech VC sector, as they pulled out their checkbooks in record amounts this week. Counting direct digital financial plays (AvantCredit and Atom Bank), $538 million in equity and $300 million in debt were raised the first week of December.
Even without Avant and Atom, a $288 million in equity investments flowed in, the third highest week since we began tracking in August. That total included two Finovate alums: SocietyOne ($20 million) and iQauntify ($1 million).
Fundings from Nov. 29 to Dec 5 by size of deal:
AvantCredit
Direct online lender
Latest round: $525 million ($225 million equity, $300 million debt)
Total funding: $1.03 billion ($334 million equity, $700 million debt)
Tags: Credit, underwriting, lending, sub-prime, near-prime, alt-lending, Chicago, Illinois
Source: Crunchbase
Financing online purchases in China
Latest round: $100 million
Total raised: $100+ million
Tags: Credit, payments, underwriting, lending, POS, Bejing, China
Source: Crunchbase
Stripe
Easy-to-embed online payment processing
Latest round: $70 million (at $3.5 bil valuation)
Total funding: $190 million
Tags: payments, API, programmable web, YC, processing, SMB, mobile, San Francisco, California
Source: Crunchbase
Chinese wealth and investment management
Latest round: $50 million
Total raised: $60 million
Tags: Investing, wealth management, personal finance, Hangzou, China
Source: FT Partners
All-digital UK banking startup
Latest round: $31 million
Total funding: $31 million
Tags: Bank, mobile, Durham, UK
Source: FT Partners
SocietyOne
Australian marketplace lending platform
Latest round: $20 million
Total funding: $28.5 million
Tags: P2P lending, peer-to-peer, credit, underwriting, investing, marketplace, Sydney, Australia, Finovate alum
Source: Finovate
Equity crowdfunding marketplace
Latest round: $7.8 million
Total funding: $19.7 million
Tags: Investing, P2P, SMB, marketplace, Exeter, UK
Source: FT Partners
MarketInvoice
Peer-to-peer lending against accounts receivables
Latest round: $7.5 million
Total funding: $10 million
Tags: Crowdfunding, peer-to-peer lending, P2P, London, UK
Source: Crunchbase
Borrowell
Canadian online lender
Latest round: $5.4 million
Total funding: $5.4 million
Tags: Lending, credit, underwriting, direct, Toronto, Canada
Source: Crunchbase
Veri-Tax
Ability-to-pay verification system
Latest round: $5 million
Total funding: $5 million
Tags: Credit, underwriting, ID verification, mortgage, compliance, Irvine, California
Source: Crunchbase
SmartVault
Secure storage solutions for the accounting industry
Latest round: $4.5 million
Total funding: $4.5+ million
Tags: Accounting, storage, virtual safe deposit, SMB, Houston, Texas
Source: Crunchbase
Micropayment system
Latest round: $3.5 million
Total funding: $4.3 million
Tags: Payments, mobile, Bitcoin, Twitter, social, San Francisco, California
Source: Crunchbase
LandBay
Crowdfunding platform for investment properties
Latest round: $2.4 million
Total funding: $2.9 million
Tags: P2P, peer-to-peer, lending, secured, mortgage, investing, rentals, crowdfunding, London, UK
Source: Crunchbase
Shift Technology
Fraud tools for insurance and ecommerce
Latest round: $1.8 million
Total funding: $1.8 million
Tags: Fraud, security, insurance, ecommerce, Paris, France
Source: Crunchbase
iPad point-of-sale system
Latest round: $1.2 million (grant)
Total funding: $115 million
Tags: Payments, mobile, POS, point-of-sale, merchants, SMB, San Francisco, California
Source: Crunchbase
AltPay
Mobile payments
Latest round: $1 million
Total funding: $1 million
Tags: mobile, payments, processing, merchants, SMB, Hollywood, Florida
Source: Crunchbase
BitGold
Bitcoin and precious metals exchange
Latest round: $700,000
Total funding: $1.7 million
Tags: Cryptocurrency, bitcoin, stored value, investing, Toronto, Canada
Source: Crunchbase
DigiByte
Decentralized payment network
Latest round: $250,000
Total funding: $250,000
Tags: Cryptocurrency, Bitcoin, micropayments, Santa Monica, California
Source: Crunchbase
BaseVenture
Private placement platform for real estate investing
Latest round: $30,000
Total funding: $30,000
Tags: Wealth management, private placements, real estate, investing, San Francisco, California
Source: Crunchbase