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Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

german fintechIt was a huge week in German fintech funding, coinciding with, but too soon to be caused by, Brexit. Eight of the 26 global deals were German with five out of Berlin, one from Frankfurt (Finovate alum ayondo), and one in Koln. The total raised by the eight was at least $60 million (although two raised undisclosed amounts). Digital startup bank Number26 pulled in the bulk of that figure by landing a massive $40 million round.

All told, 26 fintech companies worldwide raised $281 million during the third week of June, including five Finovate alums:

The total number of deals YTD stands at 688, nearly double last year’s 353. Total dollars raised YTD is now $17.1 billion, $9 billion more than the $8 billion raised during the same period a year ago.

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Fintech deals by size from 18 June to 24 June 2016:

Circle
Global money-movement and -storage platform
Latest round: $60 million Series D
Total raised: $136 million
HQ: Dublin, Ireland
Tags: Consumer, payments, funds transfers, remittances, bitcoin, crypto-currency
Source: Crunchbase

Plaid
Account aggregation APIs
Latest round: $44 million Series B
Total raised: $59.3 million
HQ: San Francisco, California
Tags: Consumer, institutions, SMBs, developers, API, payments, account aggregation, FinDEVr alum
Source: FinDEVr

Number26
Digital bank startup
Latest round: $40 million Series B
Total raised: $52.7 million
HQ: Berlin, Germany
Tags: Consumer, payments, debit card, deposits, mobile banking
Source: Crunchbase

Waddle
Invoice lender to small businesses
Latest round: $30 million Debt
Total raised: $30+ million
HQ: Surry Hills, Australia
Tags: SMB, lending, underwriting, alt-lending, factoring, trade finance, receivables
Source: Crunchbase

Pearl Capital
Alt-lender to small businesses
Latest round: $20 million
Total raised: $20 million
HQ: New York City
Tags: ISOs, SMB, lending, merchants, commercial loans, underwriting
Source: Crunchbase, PE Hub

Quoine
Bitcoin exchange
Latest round: $20 million Series A
Total raised: $20 million
HQ: Singapore
Tags: Consumer, bitcoin, crypto-currency, virtual currency, investing
Source: FT Partners

Plastiq
Check replacement for bills
Latest round: $11 million
Total raised: $29.35 million
HQ: San Francisco, California
Tags: Consumer, payments, credit cards, billpay, credit, merchants, billers
Source: Crunchbase

Colu
Creating local currencies using blockchain technology
Latest round: $9.6 million Series A
Total raised: $12.1 million
HQ: Tel Aviv, Israel
Tags: Consumer, payments, bitcoin, blockchain, P2P, person-to-person
Source: Crunchbase

McMakler
Real estate platform
Latest round: $9.36 million Series A
Total raised: $9.36 million
HQ: Berlin, Germany
Tags: Consumer, home buying, property search, mortgage, discovery
Source: FT Partners

OptioPay
Gift-card payment network
Latest round: $7.92 million Seed
Total raised: $7.92 million
HQ: Berlin, Germany
Tags: Consumer, P2P payments, person-to-person, rewards, gift cards, prepaid cards, funds transfer
Source: Crunchbase

Digital Asset Holdings
Distributed ledger systems for financial institutions
Latest round: $7.16 million from ASX ($200 million valuation)
Total raised: $67.2 million
HQ: New York City, New York
Tags: Institutions, blockchain, crypto-currency, database
Source: FT Partners

BankFacil
Alt-lending marketplace for consumers
Latest round: $4.5 million Series A
Total raised: $8.9 million
HQ: Sao Paulo, Brazil
Tags: Consumer, lending, underwriting, alt-lending, loans, secured lending, lead generation
Source: Crunchbase

Apruve
B2B ecommerece credit management
Latest round: $3.1 million Series A
Total raised: $3.1 million
HQ: Minneapolis, Minnesota
Tags: SMB, lending, underwriting, trade finance, B2B ecommerce
Source: FT Partners

AppZen
Expense compliance system
Latest round: $2.9 million Seed
Total raised: $2.9 million
HQ: Sunnyvale, California
Tags: SMB, expense management, employees, accounting, bookkeeping, fraud detection, risk management
Source: Crunchbase

Payfone
Online identity and payment services
Latest round: $2.66 million
Total raised: $48.7 million
HQ: New York City, New York
Tags: Consumer, SMB, merchants, security, authentication, Finovate alum
Source: FT Partners

Loot
Banking & money management for students
Latest round: $2.17 million
Total raised: $2.17 million
HQ: London, England, United Kingdom
Tags: Consumer, banking, youth, millennials, payments, personal financial management, PFM, financial education
Source: Crunchbase

Savedo
Retail investment product marketplace
Latest round: $2 million
Total raised: $7.6 million
HQ: Berlin, Germany
Tags: Consumer, lending, underwriting, alt-lending, loans, personal financial management, P2P, person-to-person
Source: Crunchbase

Invesdor
Equity crowdfunding platform
Latest round: $1.3 million Equity Crowdfunding
Total raised: $3.45 million
HQ: Helsinki, Finland
Tags: Consumer, SMB, investing, P2P, peer-to-peer, equity
Source: Crunchbase

RevolutionCredit
Consumer credit education
Latest round: $922,000 Debt
Total raised: $6.62 million ($5.7 million Equity)
HQ: Irvine, California
Tags: Consumer, personal finance, financial education, credit, lead generation
Source: Crunchbase

iSENTIUM
Sentiment analysis for capital markets
Latest round: $810,000
Total raised: $810,000
HQ: Miami, Florida
Tags: Institutions, traders, investing, analytics, information, social media
Source: FT Partners

ayondo
Social stock-trading platform
Latest round: Unknown amount of new capital in Reverse IPO ($117 million value)
Total raised: Unknown
HQ: Frankfurt, Germany
Tags: Consumer, advisers, wealth management, trading, investing
Source: Finovate

Socure
Digital identity verification
Latest round: Undisclosed
Total raised: $4.7+ million
HQ: New York City, New York
Tags: Institutions, B2B2C, social media, security, compliance, Santander (investor), Finovate alum
Source: Finovate

MoneyMeets
Investment and insurance marketplace
Latest round: Undisclosed
Total raised: $1.73+ million
HQ: Koln, Germany
Tags: Consumer, investing, insurance, lead generation, discovery
Source: Crunchbase

Processing.com
Payments solutions provider
Latest round: Undisclosed
Total raised: Unknown
HQ: Watford, United Kingdom
Tags: SMB, ISOs, merchants, acquiring, payments, debit/credit cards
Source: FT Partners

Simplesurance
Insurance products for ecommerce partners
Latest round: Undisclosed
Total raised: $8+ million
HQ: Berlin, Germany
Tags: Consumer, B2B2C, insurance, upsell, ecommerce
Source: Crunchbase