Fintech funding records continue to fall. Last week was the record number of deals with 27. This week it was the biggest total dollars raised at $1.6 billion, from 27 companies again. The vast majority of the money ($1.5 billion) went to three online lenders (Sofi = $1 billion; Avant = $340 million; Dianrong = $220 million). As private companies, there is not a lot of transparency about deal-terms in these three mega-rounds. However, we expect most, if not all, of the funding was structured as debt.

One Finovate alum was in the mix this week: Tio Networks picked up $1.7 million in a secondary stock offering. So far this year, 94 Finovate alums have raised $2.9 billion, about a quarter of the $11.9 billion raised by the entire fintech sector (weekly detail).

Here are the deals by size from 14 August to 20 Aug 2015:

SoFI (Social Finance)
Student loan marketplace lender
HQ: San Francisco, California
Latest round: $1 billion ($4 billion valuation)
Total raised: $1.75 billion (at least $400 million is debt)
Tags: Student loans, credit, underwriting, refinance, crowdfunding, P2P, investing
Source: Wall Street Journal

Avant
Alt-consumer lending
HQ: Chicago, Illinois
Latest round: $339 million (Debt)
Total raised: $1.43 billion ($1.1 billion debt, $330 million equity)
Tags: Consumer credit, underwriting
Source: Fortune

Dianrong
Marketplace lender and digital banking solutions provider
HQ: Shanghai, China
Latest round: $207 million Series C ($1 billion valuation)
Total raised: $219 million
Tags: Lending, digital banking, P2P, credit, consumer, SMB, underwriting, Standard Charter (lead investor)
Source: FT Partners

LaunchPoint
Health care payments and analytics software
HQ: Goleta, California
Latest round: $22.5 million
Total raised: $26 million
Tags: Payments, insurance, BI, analytics, enterprise
Source: FT Partners

Revel Systems
iPad-based point-of-sale system
HQ: San Francisco, California
Latest round: $13.5 million ($500+ million valuation)
Total raised: $129 million
Tags: Merchants, SMB, card acquiring, POS, mobile, tablet
Source: Crunchbase

GroupLend
Canadian marketplace lender
HQ: Vancouver, British Columbia, Canada
Latest round: $10.2 million
Total raised: $10.2 million
Tags: Lending, consumer, credit, loans, underwriting, investing, P2P, crowdfunding
Source: FT Partners

MarketInvoice
Marketplace lender for invoice-backed, small-business loans
HQ: London, England, United Kingdom
Latest round: $9.3 million Series A
Total raised: $20 million
Tags: SMB, crowdfunding, P2P, factoring, investing
Source: FT Partners

GuiaBolso
Brazilian personal finance service
Latest round: $7 million
Total raised: $7 million
Tags: PFM, personal finance, money management
Source: FT Partners

Guideline Technologies
401(k) solutions
HQ: San Mateo, California
Latest round: $2 million Seed
Total raised: $2 million
Tags: Investing, retirement, wealth management
Source: Crunchbase

nVoicePay
B2B payments network
HQ: Portland, Oregon
Latest round: $1.8 million
Total raised: $8.0 million
Tags: Payments, invoicing, accounts payable, accounting, receivables, SMB
Source: FT Partners

Tio Networks
Cloud-based billing services
HQ: Vancouver, British Columbia, Canada
Latest round: $1.7 million Secondary Stock Offering
Total raised: $22.7 million
Tags: Billpay, payments, SMB, accounts payable, invoicing, Finovate alum
Source: FT Partners

HouseHappy
Residential real estate marketplace
HQ: Portland, Oregon
Latest round: $1.3 million
Total raised: $5.0 million
Tags: Home buying, mortgage, lending
Source: Geekwire

CreditPoint Software
Risk metrics for B2B credit
HQ: Owasso, Oklahoma
Latest round: $890,000
Total raised: $1.05 million
Tags: Commercial lending, underwriting, SMB, credit report
Source: WhoGotFunded

Capital Match
Peer-to-peer lending marketplace for small businesses
HQ: Singapore
Latest round: $710,000
Total raised: $710,000
Tags: Credit, P2P, lending, underwriting, investing, SMB
Source: Crunchbase

Simply Wall Street
Mobile investment research and management tool
HQ: Sydney, Australia
Latest round: $600,000
Total raised: $700,000
Tags: Investing, trading, research, valuations, stock market, mobile
Source: FT Partners

Awamo
Microfinance management for the institution
HQ: Frankfurt, Germany
Latest round: $550,000
Total raised: Unknown
Tags: Lending, micro-credit, underwriting, servicing
Source: WhoGotFunded

Agio Technologies
Currency exchange app
HQ: London, England, United Kingdom
Latest round: $235,000
Total raised: $430,000
Tags: Mobile, fx, remittances, payments, funds transfer
Source: Crunchbase

Captain401
Easy 401(k) solutions
HQ: San Francisco, California
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), investing, retirement, wealth management
Source: Bank Innovations

Drip Capital
Online small-business lender
HQ: Sunnyvale, California
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), SMB, lending, credit, underwriting
Source: Techcrunch

Greenshoe (Saida)
Microlending in emerging markets
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), lending, underbanked, underwriting, consumer, credit
Source: Bank Innovations

SericaPay
Online and mobile payment platform
HQ: San Francisco, California
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), payments, acquiring, merchants, SMB
Source: Bank Innovations

Tab
Mobile payments geared to travelers
HQ: London, England, United Kingdom
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), payments
Source: Bank Innovations

Tesorio
Accounts receivable financing
HQ: Philadelphia, Pennsylvania
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), payments, acquiring, merchants, SMB
Source: Bank Innovations

Vest
Simplified stock-hedging via options
HQ: McClean, Virginia
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), investing, trading, options, stock market
Source: Dealbreaker

Xendit
Mobile payments
HQ: San Francisco, California
Latest round: $120,000
Total raised: $120,000
Tags: Y Combinator (YC S15), payments, mobile, wallet, Indonesia (market)
Source: Techcrunch

We Are Briqs
Digital banking solutions
HQ: London, England, United Kingdom
Latest round: Undisclosed
Total raised: Unknown
Tags: Online, mobile banking
Source: FT Partners

Moneytis
Low-cost money-transfer service
HQ: Paris, France
Latest round: Undisclosed
Total raised: Unknown
Tags: Payments, blockchain, remittances, FX
Source: Crunchbase