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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

money_keyAlthough we saw one high-flying fintech unicorn crash to earth this week, the fintech sector continued to attract significant capital with 21 companies raising $214.8 million, for an $11 billion annual run rate. The total included at least $15 million in debt.

Three Finovate and FinDEVr alums raised new cash and one exited:

Seven weeks into the new year, fintech companies have raised $4.7 billion in equity and debt worldwide, more than double the $2.2 billion in the same period last year. And the number of deals is up 70% (167 compared to 98 in 2015).

Here are the fintech deals by size from 13 Feb to 19 Feb 2016:

StoneEagle Services (VPay)
B2B payments platform
Latest round: $76 million
Total raised: $76 million
HQ: Richardson, Texas
Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims
Source: FT Partners

Aria Systems
Billing platform
Latest round: $50 million Series E
Total raised: $132.3 million
HQ: San Francisco, California
Tags: SMB, billing, payments, invoicing, recurring payments
Source: Crunchbase

EQIS
Wealth management platform
Latest round: $15 million Private Equity
Total raised: $21.2 million
HQ: San Rafael, California
Tags: Consumer, SMB, advisors, investing, wealth management
Source: Crunchbase

UniRush (RushCard)
Prepaid card issuer
Latest round: $15 million Debt
Total raised: Unknown
HQ: Houston, Texas
Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy-consumption management
Source: FT Partners

Marvelstone Tech
Infrastructure for financial services companies
Latest round: $12.4 million Seed
Total raised: $ million
HQ: Seoul, South Korea
Tags: Enterprise, B2B, banks, wealth managers, investment firms, core technology
Source: FT Partners

PayActiv
Real-time payroll solution
Latest round: $9.2 million
Total raised: $13 million
HQ: San Jose, California
Tags: Consumer, SMB, employers, HR, employee benefits, payments, Finovate alum
Source: Finovate

Harmoney
P2P lending marketplace
Latest round: $8.5 million Series B
Total raised: $16.2 million
HQ: Auckland, New Zealand
Tags: Consumer, lending, loans, crowdfunding, underwriting, credit, investing
Source: FT Partners

Mondo
Digital bank
Latest round: $7.25 million
Total raised: $10.4 million
HQ: London, England, U.K.
Tags: Consumer, bank, mobile, challenger, neo-bank
Source: Crunchbase

BUX
Simple stock trading platform
Latest round: $6.9 million Series
Total raised: $10.7 million
HQ: Amsterdam, Netherlands
Tags: Consumer, investing, stock trading, equities, gamification
Source: Crunchbase

AQ Metrics
Risk management and compliance software
Latest round: $3.25 million
Total raised: $3.25 million
HQ: Maynooth, Ireland
Tags: Consumer, insurance, automobile lending, cars
Source: FT Partners

StudentLoan Genius
Student loan repayment as a benefit for employers
Latest round: $3 million Seed
Total raised: $3 million
HQ: Austin, Texas
Tags: Consumer, SMB, student loans, payments, HR, employee benefit
Source: Crunchbase

ModoPayments
Digital payments plaform
Latest round: $2 million Angel
Total raised: $4 million
HQ: Richardson, Texas
Tags: Consumer, SMB, payments, merchants, funds transfer, FinDEVr alum
Source: Finovate

Chainalysis
Compliance layer for value exchange
Latest round: $1.6 million Seed
Total raised: $3.2 million
HQ: New York City
Tags: SMB, enterprise, security, privacy, blockchain, cryptocurrency, database, bitcoin
Source: Crunchbase

Covercy Technological Trading
International remittances
Latest round: $1.5 million
Total raised: $1.5 million
HQ: Tel Aviv, Israel
Tags: Consumer, SMB, payments, FX, funds transfers
Source: FT Partners

SnoopWall
Security solutions for mobile apps and online services
Latest round: $1 million
Total raised: $1.85 million
HQ: California
Tags: Consumer, SMB, security, privacy, cybersecurity, FinDEVr alum
Source: Crunchbase

HomeSpotter
Real estate discover mobile app
Latest round: $925,000 Convertible Note
Total raised: $3.95 million including above note
HQ: Minneapolis, Minnesota
Tags: Consumer, mortgage, home buying, chatbot, real estate, mobile
Source: Crunchbase

Droplet
Mobile loyalty and payments
Latest round: $640,000
Total raised: $2.73 million
HQ: London, England, UK
Tags: Consumer, SMB, rewards, payments, merchants, location-based
Source: FT Partners

Buddy
Point-of-purchase financing 
Latest round: $500,000 Seed
Total raised: $500,000
HQ: Bengaluru, India
Tags: Consumer, SMB, loans, credit, lending, underwriting
Source: Crunchbase

RealKey
Home buying & mortgage process management
Latest round: $100,000 Seed ($7 million valuation)
Total raised: $100,000
HQ: California
Tags: Consumer, real estate agents, home buying, mortgage, discovery, search
Source: Crunchbase

Metromile
Pay-per-mile automobile insurance
Latest round: Not disclosed
Total raised: $14 million previously
HQ: San Francisco, California
Tags: Consumer, insurance, automobile lending, cars
Source: FT Partners

Verb
Mobile trading app
Latest round: Not disclosed
Total raised: Unknown
Tags: Consumer, investing, trading, equities
Source: Crunchbase

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