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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

money 500 eurosTotal fundings in second quarter hit $8 billion as 30 more companies raised $390 million the second week of May. Nearly half of that ($188 million) was debt earmarked for Avant’s U.K. subsidiary.

The deals were widely dispersed around the world, with only 4 of the 30 headquartered in California. London beat that this week with 5, followed by 3 in NYC, and 2 each from Chicago, Florida and Germany.

The total number of deals YTD stands at 494, nearly double last year’s 266. Total dollars raised YTD is now $14.7 billion, more than twice the $6.7 billion raised during the same period a year ago.

Notable raises included Finovate alum Tagit which brought in nearly $9 million to supercharge its mobile application development platform.

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Fintech deals by size from 7 May to 13 May, 2016:

Avant (AvantCredit U.K.)
Consumer alt-lender
Latest round: $188 million Debt (for AvantCredit U.K.)
Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt)
HQ: Chicago, Illinois
Tags: Consumer, credit, loans, underwriting, lending
Source: Crunchbase

Bridge2Solutions
Incentive & rewards systems for financial institutions
Latest round: $35 million Series A
Total raised: $35 million
HQ: Daytona Beach, Florida
Tags: Consumer, enterprise, rewards, payments gamification, employees, human resources, loyalty, retention
Source: Crunchbase

Capital Float
Working capital financing
Latest round: $25 million Series B
Total raised: $41 million
HQ: Bangalore, India
Tags: SMB, lending, financing, commercial loans, invoice financing, factoring
Source: Crunchbase

Wincor Nixdorf (AEVI subsidiary)
Payments technology
Latest round: $23 million Post-IPO Equity
Total raised: Unknown
HQ: Germany
Tags: Enterprise, cashless payments
Source: FT Partners

orderbird
iPad POS system for the hospitality industry
Latest round: $22.8 million Series C
Total raised: $37 million
HQ: Berlin, Germany
Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards
Source: Crunchbase

Simplee
Healthcare finance platform 
Latest round: $20 million
Total raised: $37.8 million
HQ: Palo Alto, California
Tags: SMB, patient finance, billing, payments, insurance, credit, underwriting, B2B2C
Source: Crunchbase

AutoFi
Auto financing platform
Latest round: $17 million
Total raised: $17 million
HQ: San Francisco, California
Tags: B2B2C, SMB, consumer, lending, auto loan, vehicle credit, underwriting, secured, captive financing, lead gen
Source: FT Partners

EuroCCP
Equities clearing  
Latest round: $16 million (from Euronext)
Total raised: Unknown
HQ: Amsterdam, The Netherlands
Tags: B2B, enterprise, trading software, investing services, back office
Source: FT Partners

Tagit
Mobile financial applications
Latest round: $8.75 million
Total raised: $8.75 million
HQ: Singapore
Tags: Enterprise, banking, mobile application development, developers, Finovate alum
Source: Finovate

TechBureau
Blockchain technology 
Latest round: $6.2 million
Total raised: $6.2 million
HQ: Osaka, Japan
Tags: SMB, blockchain, distributed database, payments, crypto-currency, bitcoin
Source: FT Partners

WealthBar
Online financial adviser
Latest round: $5.5 million
Total raised: $5.5 million
HQ: Vancouver, British Columbia, Canada
Tags: Consumer, investing, robo-adviser, ETF, wealth management
Source: Crunchbase

Healthcare Interactive
Healthcare & insurance technology
Latest round: $3.4 million Series A
Total raised: $11.8 million
HQ: Glenwood, Maryland
Tags: Enterprise, healthcare, payments, insurance
Source: FT Partners

Tandem
Digital bank
Latest round: $3.4 million Equity Crowdfunding ($95 million valuation)
Total raised: $34.8 million
HQ: London, England, United Kingdom
Tags: Consumer, banking, payments, deposits, loans, debit card
Source: Crunchbase

AppZen
Expense report automation 

Latest round: $2.9 million
Total raised: $3.0 million
HQ: Sunnyvale, California
Tags: SMB, accounting, bookkeeping, expense reporting, compliance, fraud protection
Source: Crunchbase

Sure
Mobile on-demand insurance 
Latest round: $2.6 million Seed
Total raised: $2.6 million
HQ: New York City, New York
Tags: Consumer, travel insurance, mobile
Source: Crunchbase

Inkassogram
Debt collection platform 
Latest round: $2.45 million
Total raised: $2.45 million
HQ: Sweden
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing
Source: Crunchbase

Fluent
Blockchain B2B network 
Latest round: $1.65 million Seed
Total raised: $2.5 million
HQ: New York City, New York
Tags: SMB, payments, blockchain, crypto-currency, bitcoin, payments
Source: Crunchbase

AccessPay
Online payments & cash management for small businesses
Latest round: $1.45 million Debt
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: SMB, payments, accounting, treasury management, commercial banking
Source: Crunchbase

FattMerchant
Payment processor
Latest round: $1.4 million
Total raised: $2.25 million
HQ: Orlando, Florida
Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards
Source: Crunchbase

StoreHub
Mobile point-of-sale solution
Latest round: $850,000 Seed
Total raised: $850,000
HQ: Petaling, Malaysia
Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS
Source: Crunchbase

Bridge Financial Technology
Back-office platform for financial advisers 
Latest round: $722,000
Total raised: $722,000
HQ: Chicago, Illinois
Tags: Advisors, B2B2C, investing, trading, wealth management
Source: Crunchbase

Selequity
Online commercial real estate investing platform 
Latest round: $590,000 Seed
Total raised: $590,000
HQ: St. Louis, Missouri
Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate
Source: Crunchbase

Cushion
Financial & time management service for freelancers
Latest round: $500,000
Total raised: $500,000
HQ: Brooklyn, New York
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing, PFM
Source: Crunchbase

Olivia
AI-powered financial assistant 
Latest round: $500,000 Seed
Total raised: $500,000
HQ: San Francisco, California
Tags: Consumer, personal finance, mobile, artificial intelligence, customer service, chatbot
Source: Crunchbase

Shares.com
Asset crowdfunding platform
Latest round: $300,000 Angel
Total raised: $300,000
HQ: London, England, United Kingdom
Tags: Consumer, collectibiles, investing, asset-based lending, artwork
Source: Crunchbase

PaySur
Bitcoin exchange 
Latest round: $275,000
Total raised: $275,000
HQ: Leon, Mexico
Tags: Consumer, payments, cryptocurrency, bitcoin, blockchain, remittances
Source: Crunchbase

DebitShield
Online debit card security
Latest round: Not disclosed
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Consumer, security, payments, direct debit, online billpay
Source: Crunchbase

FairCent
Marketplace lender
Latest round: Undisclosed Series A
Total raised: $4.25 million (before the Series A)
HQ: Haryana, India
Tags: Consumer, lending, P2P, person-to-person, credit, lending, investing
Source: Crunchbase

iBondis
Marketplace lender to small businesses
Latest round: Not disclosed
Total raised: Unkown
HQ: London, England, United Kingdom
Tags: SMB, P2P lending, crowdfunding, commercial loans, person-to-person, credit, underwriting, investing
Source: Crunchbase

Savesta
Stealth personal finance 
Latest round: Not disclosed
Total raised: Unknown
HQ: Bellevue, Washington
Tags: Consumer, personal finance, PFM
Source: Crunchbase

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