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Fintech Fundings: 12 Companies Raise $240 million Week Ending Feb 20

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The number of deals this week (12) didn’t set any records. But there were some doozies including three greater than $30 million, two of which are Finovate alums: Betterment ($60 mil) and Pindrop Security ($35 mil).

The total amount raised was $236 million.

There was one major exit this week: Finovate alum LoopPay was purchased by Samsung, presumably to beef up its handset in competition with Apple Pay.

Following are deals by size announced between Feb 14 thru 20: 

WorldRemit
Global remittances
Latest round: $100 million
Total raised: $147.7 million
Tags: Funds transfer, money transfer, mobile, fx, London, UK
Source: Crunchbase

Betterment
Simplified investing platform for consumers
Latest round: $60 million
Total raised: $105 million
Tags: Consumer, investing, investment management, ETF, robo-advisor, Personal finance, Brooklyn, New York, Finovate alum
Source: Finovate

Pindrop Security
Call center anti-fraud technology
Latest round: $35 million
Total raised: $42 million
Tags: Security, authentication, anti-fraud, call center, telephone, Atlanta, Georgia, Finovate alum
Source: Finovate

Itz Cash
Prepaid card in India
Latest round: $16 million
Total raised: $51 million
Tags: Prepaid, debit card, India
Source: FT Partners

InDinero
Online accounting for small businesses
Latest round: $7 million
Total raised: $8.2 million
Tags: SMB, accounting, payroll, tax, receivables, invoicing, San Francisco, California
Source: Crunchbase

Mobeewave
Mobile point-of-sale technology
Latest round: $6.5 million
Total raised: $6.5 million
Tags: Payments, mobile, POS, merchants, acquiring, EMV, Montreal, Quebec, Canada
Source: Crunchbase

Argon Credit
Personal loans
Latest round: $3 million
Total raised: $5.1 million
Tags: Consumer, credit, lending, underwriting, loans, Chicago, Illinois
Source: Crunchbase

Credible
Refinancing student loans
Latest round: $2.7 million
Total raised: $3.9 million
Tags: Consumer direct, student loans, credit, underwriting, San Francisco, California
Source: Crunchbase

Prism
Mobile bill payment
Latest round: $2.0 million
Total raised: $3.5 million
Tags: Consumer, billpay, payments, bills, SMB, Seattle, Washington
Source: GeekWireCrunchbase

Ledger
Hardware bitcoin wallet
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Cryptocurrency, security, bitcoin, USB drive, France
Source: Coinbase

Sindeo
Mortgage advisor for consumers
Latest round: $1.5 million
Total raised: $6.5 million
Tags: Consumer, personal finance, mortgage, refi, advice, lead gen, San Francisco, California
Source: Crunchbase

CyndX
Equity crowdfunding platform
Latest round: $500,000
Total raised: $500,000
Tags: Crowdfunding, investing, SMB, lending, New York City
Source: Crunchbase

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Acquisition

LoopPay
Contactless mobile payments
Acquirer: Samsung
Purchase price: Unknown
Total raised: $13 million
Tags: Consumer, credit/debit cards, mobile payments, mPay, Visa (investor), Woburn, Massachusetts, Finovate alum
Source: Finovate