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Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

pig_sunglasses_money_croppedDespite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 million, for a $12 billion annual run rate. The total included at $46 million in debt. And demonstrating the global nature of financial services, only three deals were out of California (Xignite, Renew Financial, and Vast).

Three Finovate alums raised new cash:

Six weeks into the new year, fintech companies have raised $4.5 billion in equity and debt worldwide, 2.5 times the $1.9 billion in the same period last year. And the number of deals is up 70% (146 compared to 86 in 2015).

Here are the fintech deals by size from 6 Feb to 12 Feb 2016:

Renew Financial
Financing for renewable energy and conservation projects
Latest round: $70 million Series D
Total raised: $102.2 million
HQ: Oakland, California
Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy consumption management
Source: Crunchbase

Maestro Health
Employee benefits and health insurance services
Latest round: $53 million
Total raised: $53 million
HQ: Chicago, Illinois
Tags: Employers, benefits, HR, payments, healthcare, insurance, health savings accounts
Source: Crunchbase

WorldRemit
Worldwide remittances
Latest round: $45 million Debt
Total raised: $147.7 million (includes $45 million debt)
HQ: London, England, U.K.
Tags: Consumer, SMB, payments, remittances, P2P transfers, person-to-person
Source: Crunchbase

Riskified
Underwrites and guarantees high-risk credit card transactions 
Latest round: $25 million Series B
Total raised: $30.7 million
HQ: Tel Aviv, Israel
Tags: SMB, merchants, underwriting, credit/debit cards, acquiring, fraud, security, risk management
Source: Crunchbase

Xignite
APIs powering financial services
Latest round: $20.5 million Series C
Total raised: $36.2 million
HQ: San Mateo, California
Tags: Enterprise, SMB, API, developers, integration, back-end, investing, wealth management, Finovate alum
Source: Finovate

Payleven
Mobile point of sale
Latest round: $10 million Series D
Total raised: $25.2 million
HQ: Berlin, Germany
Tags: SMB, payments, mPOS, acquiring, merchants, credit/debit cards
Source: Crunchbase

SwervePay
Healthcare and automobile payment solutions
Latest round: $10 million Series B
Total raised: $11.6 million
HQ: Chicago, Illinois
Tags: Consumer, SMB, payments, mobile, insurance, healthcare, automobile dealers, merchants
Source: Crunchbase

RKSV
Online stock brokerage
Latest round: $4 million Series A
Total raised: $4 million
HQ: Mumbai, India
Tags: Consumer, investing, trading, stocks, equity
Source: Crunchbase

Qapital
Digital banking app
Latest round: $3.5 million
Total raised: $5.3 million
HQ: New York City; Stockholm, Sweden
Tags: Consumer, systematic savings, deposit, PFM, personal finance management, Finovate alum
Source: Crunchbase

Stash
Digital investment advisor
Latest round: $3 million Seed
Total raised: $4.5 million
HQ: New York City
Tags: Consumer, investing, trading, mobile
Source: Crunchbase

Qvinci
Accounting add-on for financial reporting
Latest round: $2.4 million
Total raised: $5.8 million
HQ: Austin, Texas
Tags: SMB,Quickbooks, accounting, financial management
Source: Crunchbase

Shopbox
Point-of-sale technology for food businesses
Latest round: $2.2 million
Total raised: $2.2 million
HQ: Copenhagen, Denmark
Tags: SMB, POS, payments, credit/debit cards, restaurant merchants, acquiring
Source: Crunchbase

Trussle
Online mortgage advisor
Latest round: $1.6 million
Total raised: $1.6 million
HQ: London, England, U.K.
Tags: Consumer, mortgage, refi, lead gen, price comparison
Source: FT Partners

Agreement Express
Automates client onboarding in financial services
Latest round: $1 million Debt
Total raised: $1 million Debt
HQ: Vancouver, British Columbia, Canada
Tags: B2B, consumer, compliance, sales, on-boarding, UX, Silicon Valley Bank (lender)
Source: Crunchbase

Vast
Home and auto purchase decision-making tools
Latest round: $1 million
Total raised: $1 million
HQ: San Francisco, California
Tags: Consumer, B2B, lending, mortgages, auto loans, home purchasing, real estate, automobile buying
Source: Crunchbase

Homie
P2P marketplace for home selling
Latest round: $700,000
Total raised: $700,000
HQ: Salt Lake, Utah
Tags: Consumer, mortgage, home purchase, real estate, peer-to-peer
Source: FT Partners

OFF3R
Crowd-funding aggregator
Latest round: $690,000 Seed
Total raised: $690,000
HQ: London, England, U.K.
Tags: Consumer, SMB, investing, peer-to-peer, equity, loans, lending
Source: Crunchbase

SurBTC
Chilean bitcoin exchange
Latest round: $300,000 Seed
Total raised: $300,000
HQ: Santiago, Chile
Tags: Consumer, payments, crypto-currency, bitcoin, blockchain, virtual currency
Source: FT Partners

Capzest
Digital lender
Latest round: $200,000
Total raised: $200,000
HQ: Mumbai, India
Tags: Consumer, SMB, loans, credit, lending, underwriting
Source: FT Partners

SwipeStox (Naga Group AG)
Social investing application
Latest round: Not disclosed
Total raised: Unknown
HQ: Hamburg, Germany
Tags: Consumer, investing, mobile, trading, social, Hauck & Aufhäuser (investor), Finovate alum
Source: FT Partners

Turtlemint
Insurance price-comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Mumbai, India
Tags: Consumer, insurance, lead gen, discovery, price comparison, automobile, health, motorcycle
Source: Crunchbase