With 38 deals reported—one shy of the weekly record—fintech companies raised $303 million worldwide the first week of June. Nine of the deals were for undisclosed amounts and $2 million was reported as debt.
Two Finovate alums landed new money this week:
- Callvu raised $3 million, with participation frim NICE Systems
- Bridgei2i raised an undisclosed A round to advance its business-process-automation services
The total number of deals YTD stands at 589, 90% more than last year’s 306. Total dollars raised YTD is now $16.1 billion, more than double the $7.3 billion raised during the same period a year ago.
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Fintech deals by size from 28 May to 3 June, 2016:
Partners Life
Online insurance
Latest round: $134.5 million
Total raised: $134.5 million
HQ: Auckland, New Zealand
Tags: Consumer, insurance, life, disability, business risk
Source: Crunchbase
Vibes (owned by Syniverse)
Mobile wallet analytics
Latest round: $45 million Series B
Total raised: $60 million
HQ: Chicago, Illinois
Tags: Institutions, enterprise, payments, mobile, wallet, analytics, marketing
Source: Crunchbase
Digit
Mobile savings account
Latest round: $22.5 million Series B
Total raised: $36.3 million
HQ: San Francisco, California
Tags: Consumer, savings accounts, deposits, mobile, youth market, investing
Source: Crunchbase
Qingshongchou Network Technology
Equity crowdfunding platform
Latest round: $20 million Series B
Total raised: Unknown
HQ: Bejing, China
Tags: Consumer, peer-to-peer, P2P, investing
Source: Crunchbase
Vyze
Financing solutions for retailers and manufacturers
Latest round: $13 million Series B
Total raised: Unknown
HQ: Austin, Texas
Tags: SMB, merchants, point of sale, POS, alt-lending, credit, underwriting, trade finance
Source: Crunchbase
Zibby
Lease-to-own financing platform
Latest round: $12.5 million
Total raised: $12.5 million
HQ: New York City
Tags: SMB, consumer (B2B2C), lending, merchants, credit, point-of-purchase financing, leasing
Source: FT Partners
Payveris
Digital payments platform for financial institutions
Latest round: $7.5 million
Total raised: $14.15 million
HQ: Rocky Hill, Connecticut
Tags: Institutions, SMB, merchants, payments, mobile, API, developers
Source: Crunchbase
Avenues India
Payment processing
Latest round: $6.7 million
Total raised: $6.7 million
HQ: Mumbai, India
Tags: SMB, payments, merchants, POS, point of sale, acquring, debit/credit cards
Source: FT Partners
goHenry
Prepaid debit card for youth
Latest round: $5.8 million Equity Crowdfunding (Crowdcube)
Total raised: $5.8 million
HQ: Farnborough, England, United Kingdom
Tags: Consumer, payments, youth market, parental controls, debit card, prepaid, mobile
Source: Crunchbase
SeedInvest
Equity crowdfunding platform
Latest round: $5.1 million
Total raised: $10.4 million
HQ: New York City
Tags: Consumer, SMB, peer-to-peer, P2P, investing, equity
Source: Crunchbase
Smart Pension
U.K. pension auto-enrollment service
Latest round: $4.8 million Series A
Total raised: $4.8 million
HQ: London, England, United Kingdom
Tags: SMB, advisers, payroll, employers, employee benefits, account opening, accounting
Source: Crunchbase
Smartkarma
Marketplace for Asian investment research
Latest round: $4.7 million
Total raised: $7.5 million
HQ: Singapore
Tags: Consumer, advisers, trading, wealth management, investing
Source: FT Partners
Homie
P2P real estate marketplace
Latest round: $4.5 million Seed
Total raised: $8.26 million
HQ: Salt Lake City, Utah
Tags: Consumer, SMB, peer-to-peer, home buying, mortgage, real estate properites
Source: Crunchbase
CallVu
Digital engagement platform
Latest round: $3 million
Total raised: $3 million
HQ: New York City
Tags: Institutions, marketing, customer service, retention, NICE Systems (investor), Finovate alum
Source: Finovate
FundingGates
Accounts receivables platform for small businesses
Latest round: $2.26 million Debt
Total raised: $8.17 million ($5.92 million Equity)
HQ: New York City
Tags: SMB, accounting, bookkeeping, accounts receivables, AR management, billing, invoicing, collections
Source: Crunchbase
Kikka Capital
Alt-lender for small businesses
Latest round: $2 million Seed
Total raised: $2 million
HQ: Perth, Australia
Tags: SMB, commerical, lending, credit, underwriting, investing
Source: Crunchbase
Moka
mPOS platform
Latest round: $1.9 million Series A
Total raised: $1.9 million
HQ: Jakarta, Indonesia
Tags: SMB, merchant, payments, POS, point of sale, credit/debit cards, acquiring
Source: Crunchbase
Sernova Financial
Clearing services
Latest round: $1.46 million Seed
Total raised: $1.46 million
HQ: London, England, United Kingdom
Tags: Advisers, institutions, investing, trading, risk management
Source: Crunchbase
FundedbyMe
Equity crowdfunding platform
Latest round: $1.3 million
Total raised: $2.8 million
HQ: Stockholm, Sweden
Tags: Consumer, SMB, peer-to-peer, P2P, equity, investing
Source: Crunchbase
FinAccel
Alt-lending
Latest round: $1.1 million Seed
Total raised: $1.1 million
HQ: Jakarta, Indonesia
Tags: Consumer, merchants, POS, point-of-sale financing, lending, credit, underwriting
Source: Crunchbase
WiseAlpha
Corporate loan-investing platform
Latest round: $860,000
Total raised: $1.2 million
HQ: London, England, United Kingdom
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: FT Partners
Macrovue
Theme-based investing
Latest round: $680,000 Convertible Note
Total raised: $680,000
HQ: Sydney, Australia
Tags: Consumer, advisers, investing, trading, ETFs, wealth management
Source: Crunchbase
AngelSpan
Investor-relations platform for startups
Latest round: $600,000
Total raised: $600,000
HQ: Austin, Texas
Tags: SMB, small business, investing
Source: FT Partners
Moneytis
Funds transfers
Latest round: $334,000 Seed
Total raised: $390,000
HQ: Paris, France
Tags: Consumer, remittances, fx, international funds transfer, bitcoin, crypto-currency
Source: Crunchbase
BudgetBakers
Personal financial management
Latest round: $290,000 Seed
Total raised: $430,000
HQ: Prague, Czech Republic
Tags: Consumer, PFM, budgeting, mobile
Source: Crunchbase
Currency Alliance
Comcoin digital currency
Latest round: $223,000 Seed
Total raised: $223,000
HQ: Barcelona, Spain
Tags: Consumer, SMB, payments, virtual currency, crypto-currency, bitcoin, blockchain
Source: Crunchbase
AMoney
Blockchain protocol
Latest round: $100,000 Seed ($5 million valuation)
Total raised: $100,000
HQ: Cameroon
Tags: Consumer, payments, remittancees, funds transfer, cryptocurrency
Source: Crunchbase
Bonop.com
Micro-payments for online content
Latest round: $56,000 Seed
Total raised: $110,000
HQ: Marbella, Spain
Tags: Consumer, SMB, payments, micro-payments
Source: Crunchbase
iBan
Crowdlending platform
Latest round: $56,000 Seed
Total raised: $56,000
HQ: London, England, United Kingdom
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Bridgei2i
Process automation for financial institutions
Latest round: Undisclosed (11% stake to Cuscal)
Total raised: Unknown
HQ: Bangalore, India
Tags: Institutions, analytics, business-process optimizatio, BI, Finovate alum
Source: FT Partners
Harbortouch
Payment processor
Latest round: Undisclosed
Total raised: $279+ million
HQ: Allentown, Pennsylvania
Tags: SMB, payments, merchants, POS, point of sale, acquring, debit/credit cards
Source: FT Partners
Investree
P2P lending marketplace
Latest round: Undisclosed
Total raised: Unknown
HQ: Jarkarta, Indonesia
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Moroku
Mobile banking software
Latest round: Undisclosed (11% stake to Cuscal)
Total raised: Unknown
HQ: Sydney, Australia
Tags: Institutions, B2B2C, mobile banking, UX/UI
Source: FT Partners
Pay4later
Retail finance gateway
Latest round: Undisclosed
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: SMB, merchant, consumer, lending, underwriting, point of sale purchases
Source: Crunchbase
PennyPass
Digital payments
Latest round: Undisclosed Angel
Total raised: Unknown
HQ: San Francisco, California
Tags: Consumer, SMB, payments, micro-payments, mobile
Source: Crunchbase
PinPay
Mobile payments
Latest round: Undisclosed
Total raised: $1.1 million
HQ: Beirut, Lebanon
Tags: Consumer, payments, mobile
Source: Crunchbase
Stratifund
Information for crowdfunding investors
Latest round: Undisclosed
Total raised: Unknown
HQ: Minneapolis, Minnesota
Tags: Consumer, lending, peer-to-peer, P2P, information, investing, discover, lead gen
Source: Crunchbase
Valendo
Online asset lending
Latest round: Undisclosed Series A
Total raised: Unknown
HQ: Berlin, Germany
Tags: Consumer, lending, pawnshop, intallment loans, underwriting, investing, short-term credit
Source: Crunchbase