It 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:
- Plaid landed $44 million from Goldman Sachs
- Socure received a major investment from Santander
- ayondo completed a reverse IPO valued at $117 million
- Payfone landed $2.7 million as the first part of a larger round
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