The second quarter is off to a big start as charter Finovate alum Prosper raised $165 million at a valuation near $2 billion. In comparison, recently public competitor Lending Club is currently trading at a $6.8 billion valuation. Finovate alums Zen Payroll ($60 million), PayNearMe ($14.7 million) and Patch of Land ($23.6 million) also brought in 8-figure rounds. In addition, two Finovate alums were acquired: Authentify by Early Warning and SaveUp by a single investor. All told, Finovate alums attracted more than $260 million in VC funding, our alumni’s best week ever (excluding IPOs).
In total, 16 fintech companies raised $467 million. That’s the fourth biggest week (excluding IPOs) since we began tracking in August.
Here are the fundings from 5 April through 10 April 2015 in order of size:
Prosper
Consumer marketplace lender
HQ: San Francisco, California
Latest round: $165 million Series D; $1.9 billion valuation
Total raised: $355 million
Tags: Lending, credit, peer-to-peer consumer loans, investing, Finovate charter alum
Source: Finovate
Qufenqi
Chinese marketplace with purchases made on installment plan
HQ: Bejing, China
Latest round: $100 million Series D
Total raised: $125 million
Tags: Installment lending, credit, underwriting, ecommerce, payments
Source: Crunchbase
ZenPayroll
Online payroll management
HQ: San Francisco, California
Latest round: $60 million Series B; $550 million valuation
Total raised: $86.1 million
Tags: SMB, human resources management, payroll, payments, Finovate alum
Source: Finovate
Latest round: $30 million
Indian mobile wallet
HQ: New Delhi, India
Latest round: $25 million Series B
Total raised: $30 million
Tags: Payments, mobile, wallet
Source: TechCrunch
Patch of Land
Crowdfunding real estate
HQ: Los Angeles, California
Latest round: $23.6 million Series A
Total raised: $24.9 million
Tags: P2P lending, peer-to-peer credit, real estate, investing, mortgage, Finovate alum
Source: Finovate
PayNearMe
Risk management for P2P lending
HQ: Sunnyvale, California
Latest round: $14.7 million Series F
Total raised: $71.2 million
Tags: Payments, underbanked, cash, Finovate alum
Source: Crunchbase
AssetAvenue
Commercial real estate marketplace lender
HQ: Los Angeles, California
Latest round: $11 million Series A
Total raised: $14 million
Tags: Commercial property, mortgage, lending, credit, underwriting, investing
Source: FT Partners
RealtyShares
Real estate marketplace lender
HQ: San Francisco, California
Latest round: $10 million Series A
Total raised: $11.9 million
Tags: Lending, real estate, mortgage, credit, crowdfunding, P2P, investing
Source: Crunchbase
Dealstruck
Lending marketplace for small business
HQ: Carlsbad, California
Latest round: $8.3 million Series A
Total raised: $9.5 million
Tags: Lending, SMB, underwriting, credit, Finovate alum
Source: Finovate
ApplePie Capital
Crowdfunding for the franchise industry
HQ: San Francisco, California
Latest round: $6 million Series A
Total raised: $11.8 million
Tags: P2P lending, SMB, peer-to-peer, underwriting, credit, investing
Source: FT Partners
PeerIQ
Risk management for P2P lending
HQ: New York City
Latest round: $6 million Seed
Total raised: $6 million
Tags: Marketplace lending, enterprise, peer-to-peer lending, underwriting, risk management
Source: Crunchbase
Estimize
Aggregates stock analyst forecasts
HQ: New York City
Latest round: $3 million Series B
Total raised: $5.6 million
Tags: Investing, research, analysts, Wall Street
Source: Crunchbase
Crowd2Fund
Small business marketplace lender
HQ: California
Latest round: $3 million Series A
Total raised: $3 million
Tags: P2P, SMB, lending, debt, equity, underwriting, investing
Source: The Paypers
Praesidio
Cybersecurity for the banking industry
HQ: Seattle, Washington
Latest round: $1.7 million Seed
Total raised: $1.7 million
Tags: Security, fraud protection
Source: Crunchbase
Elorus
Greek online invoicing platform
HQ: Greece
Latest round: $55,000 Seed
Total raised: $55,000
Tags: Accounting, billing, accounts receivables
Source: Crunchbase