Back to Blog

Fintech Fundings: 22 Companies Raise $590 Million Week Ending 9 Oct 2015

Fintech Fundings: 22 Companies Raise $590 Million Week Ending 9 Oct 2015

money_10kbill

The fourth quarter began with a burst of funding: $585 million, including $254 million in debt, raised across 22 companies worldwide. The total included four Finovate and/or FinDEVr alums: CardFlight, $4.2 million; Ripple, $4 million; Praesidio, $3.1 million; and Spreedly, $500,000.

Almost 40% of the total—$223 million—went to Chinese real estate marketplace FangDD which is not universally classified as fintech. Excluding FangDD, the weekly total was $362 million.

That brings the total raised YTD to more than $15 billion.

Here are the deals from 2 Oct through 9 Oct 2015, listed by size:

FangDD
Consumer real estate platform
HQ: Shenzhen, China
Latest round: $223 million
Total raised: $303 million
Tags: Consumer, home purchase, mortgage
Source: Crunchbase

ZestFinance
Consumer credit underwriting
HQ: Los Angeles, California
Latest round: $150 million Debt
Total raised: $262 million (including $150 million debt)
Tags: Consumer, lending, underwriting, big data, credit scoring, anayltics
Source: Crunchbase

Balance Credit (SunUp Financial)
Consumer alt-lender
HQ: Irving, Texas
Latest round: $100 million Debt
Total raised: Unknown
Tags: Consumer, unsecured lending, loans, underwriting, payday
Source: Crunchbase

InvestCloud
Investment management platform
HQ: New York City, New York
Latest round: $45 million Series B
Total raised: $54.1 million
Tags: Enterprise, advisers, investing, trading, custodial
Source: Crunchbase

Paga
Mobile payments
HQ: Lagos, Nigeria
Latest round: $13 million Series B
Total raised: $13+ million
Tags: Consumer, remittances, mobile, P2P, merchants, SMB
Source: Crunchbase

Hixme
Health insurance for employees
HQ: Agoura Hills, California
Latest round: $10.5 million Series A
Total raised: $10.5 million
Tags: Consumer, insurance, benefits, B2B, small business
Source: Crunchbase

Censio
Usage-based insurance tools for vehicles
HQ: Allston, Massachusetts
Latest round: $10 million Series A
Total raised: $13 million
Tags: Consumer, automobile insurance, mobile, telematics, usage-based insurance
Source: Xconomy

VouchedFor
Marketplace for financial advisers and other professional services
HQ: Twickenham, England, United Kingdom
Latest round: $5.4 million
Total raised: $7.7 million
Tags: Consumer, investing, lead gen, wealth management
Source: Crunchbase

CardFlight
Developer tools for mobile card acceptance
HQ: New York City, New York
Latest round: $4.2 million Series A
Total raised: $6.55 million
Tags: B2B, credit cards, payments, mobile, card processing, API, Finovate/FinDEVr alum
Source: Finovate

Ripple
Global payments network
HQ: San Francisco, California
Latest round: $4 million
Total raised: $38.4 million
Tags: Consumer, payments, bitcoin, cryptocurrency, blockchain, currency exchange, remittances, P2P, Santander (investor), Finovate alum
Source: Finovate

MPOWER Financing
Marketplace lender for international student loans
HQ: Washington D.C.
Latest round: $4 million Seed
Total raised: $4 million
Tags: Consumer, international college students, loans, lending, P2P, peer-to-peer
Source: Crunchbase

Praesidio
Cybersecurity tools for banks and credit unions
HQ: Seattle, Washington
Latest round: $3.1 million
Total raised: $5 million
Tags: Security, enterprise, FinDEVr 2015 alum
Source: Geekwire

Honest Dollar
Retirement benefit alternative for employers
HQ: Austin, Texas
Latest round: $3 million Debt
Total raised: $3 million
Tags: Consumer, retirement planning, investing, 401(k), SMB, benefits
Source: Crunchbase

HonkMobile
Mobile payments for parking lots
HQ: Toronto, Ontario, Canada
Latest round: $3 million Seed
Total raised: $3 million
Tags: Consumer, payments, mobile
Source: Crunchbase

Paribus
Tool to automatically find refund opportunities from retail purchases
HQ: New York City, New York
Latest round: $2.1 million Seed
Total raised: $2.22 million
Tags: Consumer, PFM, credit/debit cards, transaction, cash back, receipts
Source: Crunchbase

MoneySmart
Financial services price-comparison portal
HQ: Singapore
Latest round: $2 million Series A
Total raised: $2 million
Tags: Consumer, lending, banking, insurance, credit cards, lead gen
Source: Crunchbase

Spark
Curated stock and market ideas
HQ: San Diego, California
Latest round: $1+ million Seed
Total raised: Unknown
Tags: Investing, trading, mobile, Howard Lindzon (investor)
Source: Product Hunt

Toast (formerly Cryptosigma)
Money-transfer service
HQ: Singapore
Latest round: $850,000 Seed
Total raised: $866,000
Tags: Consumer, payments, funds transfer, remittances, cryptocurrency, P2P, person-to-person
Source: CoinDesk

Spreedly
Payment software for marketplaces and platforms
HQ: Durham, North Carolina
Latest round: $500,000
Total raised: $2.7 million
Tags: Credit cards, processing, SMB, merchants, developers, API, Finovate/FinDEVr alum
Source: Crunchbase

Clark
Digital insurance platform
HQ: Berlin, Germany
Latest round: Not disclosed
Total raised: Unknown
Tags: Consumer, insurance
Source: FT Partners

ClickPay
Payment software for commercial real estate
HQ: New York City, New York
Latest round: Undisclosed Series B
Total raised: Unknown
Tags: Payments, SMB, real estate, B2B
Source: FT Partners

Olpays
Online payments and collections platform
Latest round: Not disclosed; $3 million valuation
Total raised: Unknown
Tags: SMB, merchants, payments, acquiring
Source: Crunchbase

—–

Image source: 1934 $10,000 bill from wikipedia