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Fintech Fundings: 10 Companies Raise $50 Million Week Ending March 5

Fintech Fundings: 10 Companies Raise $50 Million Week Ending March 5

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It had to happen, fintech finally had a relatively quiet week. While 10 companies received new money, just two deals reached eight figures: Finovate alum Linkable Networks ($11.7 million) and cloud payroll/HR provider Namely (which is not exactly a pure fintech play). In total, $50 million was invested into the sector this week.

Here are the deals by size from 28 Feb through 5 Mar 2015:

Linkable Networks
Card-linked rewards and rewards platform
HQ: Boston, Massachusetts
Latest round: $11.7 million
Total raised: $40.4 million
Tags: Advertising, rewards, merchant-funded, offers, value adds, Finovate alum
Source: Finovate
Namely
Cloud payroll, benefits, HR platform
HQ: New York City, New York
Latest round: $11 million
Total raised: $32.8 million
Tags: Outsourced, SMB, payments, payroll
Source: Crunchbase
Simplesurance
Simple solution for easily purchasing product insurance
HQ: Berlin, Germany
Latest round: $8 million
Total raised: $8 million
Tags: Insurance, payments
Source: Crunchbase
BookKeeping Express
High-tech and high-touch SMB bookkeeping
HQ: Virginia
Latest round: $5.8 million
Total raised: $5.8 million
Tags: SMB, accounting, financial management, invoicing, billpay
Source: Crunchbase
MoBeam
Digital wallet
HQ: Virginia
Latest round: $5.2 million
Total raised: $14.4 million
Tags: Payments, mobile
Source: Crunchbase
Bondora
Peer-to-peer lending marketplace
HQ: Tallinn, Estonia
Latest round: $5 million
Total raised: $5 million
Tags: Lending, credit, investing, crowdfunding, P2P
Source: FT PartnersCrowdCredit
Japanese debt crowdfunding marketplace
HQ: Tokyo, Japan
Latest round: $1.7 million
Total raised: Unknown
Tags: Lending, credit, investings, P2P lending
Source: FT PartnersMomoe Technologies
Mobile payments
HQ: Bengaluru, India
Latest round: $1.2 million
Total raised: $1.2 million
Tags: Payments, mobile, merchants, acquiring, point-of-sale
Source: Crunchbase
Buckley & Brown
High-tech and high-touch SMB bookkeeping
HQ: Sydney, Australia
Latest round: $200,000
Total raised: $200,000
Tags: SMB, accounting, financial management, invoicing, billpay
Source: Crunchbase
Compare88
Southeast Asian financial services comparison sites: cekaja.com and eCompareMo.com
HQ: Philippines
Latest round: Undisclosed (series A)
Total raised: Unknown
Tags: Personal finance advice, lead generation, comparison
Source: Crunchbase