Fintech Fundings: 6 Companies Raise $21 Million Week Ending Dec. 26

As expected with the holidays, just $21 million was invested in the fintech sector last week. It was the smallest week since we began tracking in August. The total included one Finovate alum, Bellevue, Washington-based Finsphere, which added nearly $2 million for its mobile identification technology.

The deals from 20 Dec to 26 Dec 2014, by order of size:

QwikCilver Solutions
Stored-value card technology
Latest round: $10 million
Total raised: $10 million
Tags: Credit & debit cards, prepaid, merchants, SMB, Bangalore, India
Source: Crunchbase

Aspiration
Investment management for middle-class consumers
Latest round: $4.5 million
Total raised: $4.5 million
Tags: Investings, robo-advisor, EFT; Los Angeles, California
Source: FT Partners

BitGold
Gold investing via digital currencies
Latest round: $3.5 million
Total raised: $3.5 million
Tags: Bitcoin, payments, cryptocurrency, investments; Toronto, Ontario, Canada
Source: Crunchbase

Finsphere
Mobile identify solutions
Latest round: $1.8 million
Total raised: $32.5 million
Tags: Security, mobile, authentication, identification; location, Bellevue, Washington, Finovate alum
Source: FT Partners

Finanzarel
Spanish working-capital financing marketplace
Latest round: $830,000
Total raised: $830,000
Tags: Alt-financing, working capital, factoring, P2P, person-to-person, investing, SMB; Barcelona, Spain
Source: Crunchbase

GoCoin
Merchant solutions for accepting digital currencies
Latest round: Undisclosed
Total raised: $2+ million
Tags: Bitcoin, payments, cryptocurrency, merchants, POS, acquiring; Singapore
Source: FT Partners

Finovate Blog

Fintech Fundings: 6 Companies Raise $21 Million Week Ending Dec. 26

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