For the second week in a row, the number of deals reported, 38, was just one below the weekly record. In all, fintech companies worldwide raised $222 million the second week of June. Nine deals were for undisclosed sums and $500,000 was reported as debt, although two were convertible notes. There was an odd cluster of fundings around the $2 million mark with 10 of the 29 deals (with known amounts) landing between $1.8 and $2.5 million.
Five Finovate alums combined to raise nearly $100 million, 42% of the week’s total:
- Tradeshift received a $75 million Series D giving the trade platform a $500 million valuation
- CrowdFlower tapped Microsoft to lead a $10 million round to further its big data analytics
- Bento for Business landed $7 million for its digital business banking platform
- Buzz Points grabbed $1.8 million for its credit- and debit-card loyalty program
- Alpha Payments Cloud joined Wells Fargo’s latest accelerator class, receiving an equity infusion of $50,000 to $500,000
The total number of deals YTD stands at 627, nearly double last year’s 321. Total dollars raised YTD is now $16.4 billion, more than twice the $7.5 billion raised during the same period a year ago.
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Fintech deals by size from 4 June to 10 June 2016:
Tradeshift
Trading platform
Latest round: $75 million Series D
Total raised: $174 million
HQ: San Francisco, California
Tags: SMB, enterprise, trade finance, invoicing, billing, expense management, accounting, payables, Finovate alum
Source: Finovate
zipMoney Payments
Alt-lender and payments
Latest round: $20.6 million Post-IPO Equity
Total raised: $121.6 million Post-IPO, including $100 million Debt
HQ: Perth, Australia
Tags: Consumer, lending, credit, underwriting, payments, point-of-sale financing, POS
Source: Crunchbase
Jiff
Enerprise health benefits platform
Latest round: $17.7 million Series C
Total raised: $65.7 million
HQ: Palo Alto, California
Tags: Healthcare, insurance, employee benefits, HR
Source: FT Partners
nCino
Bank operating system
Latest round: $15.67 million
Total raised: $64.67 million
HQ: Wilmington, North Carolina
Tags: Institutions, CRM, loan origination, workflow, content management, analytics, BI
Source: Crunchbase
NexusCrowd
Real estate crowdfunding platform
Latest round: $15.5 million
Total raised: $15.5 million
HQ: Toronto, Ontario, Canada
Tags: Consumer, SMB, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Ascend Consumer Finance
Alt-lender
Latest round: $11 million Series A
Total raised: $12.5 million
HQ: San Francisco, California
Tags: Consumer, lending, credit, underwriting, investing
Source: Crunchbase
CrowdFlower
Data analytics platform
Latest round: $10 million Series D
Total raised: $38 million
HQ: San Francisco, California
Tags: Insitutions, advisers, big data, machine learning, analytics, BI, Finovate alums
Source: Finovate
trueEX
Executation platform for interest rate swaps (IRS)
Latest round: $9.21 million
Total raised: $33.7 million
HQ: New York City
Tags: Institutions, trading, investing
Source: Crunchbase
Notarize
Electronic notary service
Latest round: $8 million Series A
Total raised: $10.4 million
HQ: Boston, Massachusetts
Tags: SMB, lending, legal, compliance
Source: Crunchbase
Bento for Business
Digital business banking platform
Latest round: $7 million Series A
Total raised: $9.5 million
HQ: San Francisco, California
Tags: SMB, small business, online banking, payments, debit cards, prepaid, expense control, Finovate alum
Source: Finovate
InvoiceFinance
Invoice financing
Latest round: $3.9 million Seed
Total raised: $3.9 million
HQ: ‘s-hertogenbosch, Netherlands
Tags: SMB, lending, alt-lender, commerical loans, trade finance, billing, invoicing, cash flow, working capital
Source: Crunchbase
FlexReceipts
Digital receipts
Latest round: $2.5 million
Total raised: $5 million
HQ: California
Tags: SMB, B2B2C, payments, personal financial management (PFM), spending, marketing
Source: Crunchbase
PaymentWorks
B2B payments platform
Latest round: $2.5 million Convertible Note
Total raised: $4.03 million
HQ: Cambridge, Massachusetts
Tags: SMB, payments, invoicing, billing, bill payment
Source: Crunchbase
Satago
Invoice financing
Latest round: $2.3 million
Total raised: $3.4 million
HQ: London, England, United Kingdom
Tags: SMB, lending, alt-lender, commerical loans, trade finance, billing, invoicing, cash flow
Source: Crunchbase
Muume
Mobile point-of-sale platform
Latest round: $2.3 million Series A
Total raised: $2.3 million
HQ: Cham, Switzerland
Tags: SMB, payments, mobile, mPOS, merchants, acquiring, credit/debit cards
Source: Crunchbase
Bunker Protect
Insurance marketplace for contract labor
Latest round: $2 million Seed
Total raised: $2 million
HQ: San Francisco, California
Tags: SMB, insurance, contract-related, 1099 workers
Investors: Hiscox, Route 66, American Family, Comcast
Source: Crunchbase
CreditVidya
Alt-credit score
Latest round: $2 million Series A
Total raised: $2 million
HQ: Mumbai, India
Tags: Institutions, lenders, credit reports, underwriting, credit
Source: Crunchbase
ePaylater
Consumer point-of-sale financing
Latest round: $2 million Seed
Total raised: $2 million
HQ: Mumbai, India
Tags: Consumer, lending, alt-lending, underwriting, credit
Source: Crunchbase
FollowIt
Real estate listings
Latest round: $2 million Seed
Total raised: $2 million
HQ: Woolloomooloo, Australia
Tags: Consumer, mortgage, home buying, discovery, lead generation
Source: Crunchbase
KrazyBee (Finovation Tech Solutions)
Alt-lender
Latest round: $2 million Seed
Total raised: $2 million
HQ: Bangalore, India
Tags: Consumer, lending, credit, underwriting, point-of-sale financing
Source: Crunchbase
Buzz Points (owned by Fisoc)
Debit and credit card rewards
Latest round: $1.86 million
Total raised: $1.86 million
HQ: Austin, Texas
Tags: B2B2C, institutions, payments, marketing, loyalty, marketing, Finovate alum
Source: Crunchbase
AppFront
Mobile point-of-sale apps
Latest round: $1.5 million Seed
Total raised: $1.5 million
HQ: Tel Aviv, Israel
Tags: B2B2C, SMB, payments, mobile, mPOS, merchants
Source: Crunchbase
GrowthDeck
Equity crowdfunding platform
Latest round: $1.45 million
Total raised: $1.45 million
HQ: London, England, United Kingdom
Tags: Consumer, SMB, equity, stock, peer-to-peer, P2P, investing
Source: Crunchbase
NettCash (owned by Mozido)
Mobile wallet & payments
Latest round: $1.3 million
Total raised: $1.3 million
HQ: Harare, Zimbabwe
Tags: Consumer, payments, mobile, merchants, acquiring, mPOS
Source: Crunchbase
Insly
Insurance management software
Latest round: $1.13 million Seed
Total raised: $1.16 million
HQ: London, England, United Kingdom
Tags: SMB, insurance agents, brokers, process management
Source: Crunchbase
Risk Focus
Risk management for capital markets
Latest round: $500,0000 Debt
Total raised: $500,000
HQ: New York City, New York
Tags: Institutions, compliance, risk mananagement, trading, investing
Source: Crunchbase
Besepa
Direct debit platform
Latest round: $340,000 Seed
Total raised: $630,000
HQ: Madrid, Spain
Tags: Consumer, SMB, funds transfer, payments, debit, billpay
Source: Crunchbase
Payfully
Receivables financing for AirBnB hosts
Latest round: $300,000 Convertible Note
Total raised: $300,000
HQ: Brooklyn, New York
Tags: Consumer, SMB, lending, alt-lending, invoice financing
Source: Crunchbase
PocketSuite
Payment and management tools for small businesses
Latest round: $120,000 Seed
Total raised: $395,000
HQ: San Francisco, California
Accelerator: Y Combinator
Tags: SMB, payments, billing, invoicing, accounting bookkeeping
Source: Crunchbase
Alpha Payments Cloud
Payments platform
Latest round: Undisclosed
Total raised: $12+ million
HQ: Singapore
Accelerator: Wells Fargo
Tags: Institutions, SMB, payments, hub, merchants, credit/debit cards, Finovate alum
Source: Finovate
BLender
P2P lending platform
Latest round: Undisclosed
Total raised: $5 million
HQ: Tel Aviv, Israel
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Capsilon
Document and data management for mortgage companies
Latest round: Undisclosed
Total raised: $21.4+ million
HQ: California
Tags: Institution, mortgage banking, brokers, process management
Source: FT Partners
Chamasoft
Bookkeeping tool for investment groups
Latest round: Undisclosed
Total raised: Unknown
HQ: Nairobi, Kenya
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Kwanji
FX comparison site
Latest round: Not disclosed
Total raised: $1.93 million
HQ: London, England, United Kingdom
Tags: SMB, foreign exchange, shopping, lead generation, price comparison, remittances
Source: Crunchbase
mergims
Mobile prepaid account
Latest round: Undisclosed
Total raised: $160,000
HQ: Kigali, Rwanda
Tags: Consumer, payments, underbanked, prepaid, mobile
Source: Crunchbase
Tokhelp
Fundraising software for charitable institutions
Latest round: Undisclosed Series C
Total raised: Unknown
HQ: Goiania, Brazil
Tags: Nonprofits, payments, merchants, acquiring, mobile
Source: FT Partners
VugaPay
Mobile payments
Latest round: Undisclosed
Total raised: $25,000+
HQ: Kigali, Rwanda
Tags: Consumer, payments, mobile, prepaid
Source: Crunchbase
Zuora
Billing solutions
Latest round: Undisclosed
Total raised: $242.5 million
HQ: Foster City, California
Tags: SMB, billing, invoicing, payments, accounts-receivables management, bookkeeping
Source: Crunchbase