Want some context on the torrid pace of fintech financing in the first three months of 2014?
Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.
A year later, we have just nine alums raising more than twice as much in the month of March alone.
March Madness, indeed.
Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million.
But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.
Total raised = More than $592 million
January — $91 million raised by seven companies
- BankBazaar: $13 million — blog post
- CAN Capital: $33 million — blog post
- doxo: $3.5 million — blog post
- Kensho: $10 million — blog post
- peerTransfer: $6 million — blog post
- Spreedly: $500,000 — blog post
- Zopa: £15 million ($24.7 million) — blog post
February — $139 million raised by seven companies
- Birdback: $2.4 million — blog post
- Kantox: $8.9 million — blog post
- Kapitall: $13 million — blog post
- PayNearMe: $20 million — blog post
- Red Zebra Analytics: undisclosed — blog post
- Tradeshift: $75 million — blog post
- ZenPayroll: $20 million — blog post
March — $362 million raised by nine companies
- Azimo: $10 million — blog post
- Credit Karma: $85 million — blog post
- Klarna: $125.3 million — blog post
- OnDeck: $77 million — blog post
- Payoneer: $25 million — blog post
- Realty Mogul: $9 million — blog post
- Smart Asset: $5.2 million — blog post
- SocietyOne: $5 million — blog post
- ThreatMetrix: $20 million — blog post
Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com
Scotiabank 
Gartner’s Web Access Management Marketscope Report