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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

By Jim Bruene Posted on February 23, 2016
Categories: Funding

Although we saw one high-flying fintech unicorn crash to earth this week, the fintech sector continued to attract significant capital with 21 companies raising $214.8 million, for an $11 billion annual run rate. The total included at least $15 million in debt.

Three Finovate and FinDEVr alums raised new cash and one exited:

PayActiv raised $9.2 million for its real-time payroll solution
ModoPayments scored $2 million for its digital payments platform
Snoopwall landed a cool million for its security solutions
FlexScore was bought by United Capital

Seven weeks into the new year, fintech companies have raised $4.7 billion in equity and debt worldwide, more than double the $2.2 billion in the same period last year. And the number of deals is up 70% (167 compared to 98 in 2015).

Here are the fintech deals by size from 13 Feb to 19 Feb 2016:

StoneEagle Services (VPay)
B2B payments platform
Latest round: $76 million
Total raised: $76 million
HQ: Richardson, Texas
Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims
Source: FT Partners

Aria Systems
Billing platform
Latest round: $50 million Series E
Total raised: $132.3 million
HQ: San Francisco, California
Tags: SMB, billing, payments, invoicing, recurring payments
Source: Crunchbase

EQIS
Wealth management platform
Latest round: $15 million Private Equity
Total raised: $21.2 million
HQ: San Rafael, California
Tags: Consumer, SMB, advisors, investing, wealth management
Source: Crunchbase

UniRush (RushCard)
Prepaid card issuer
Latest round: $15 million Debt
Total raised: Unknown
HQ: Houston, Texas
Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy-consumption management
Source: FT Partners

Marvelstone Tech
Infrastructure for financial services companies
Latest round: $12.4 million Seed
Total raised: $ million
HQ: Seoul, South Korea
Tags: Enterprise, B2B, banks, wealth managers, investment firms, core technology
Source: FT Partners

PayActiv
Real-time payroll solution
Latest round: $9.2 million
Total raised: $13 million
HQ: San Jose, California
Tags: Consumer, SMB, employers, HR, employee benefits, payments, Finovate alum
Source: Finovate

Harmoney
P2P lending marketplace
Latest round: $8.5 million Series B
Total raised: $16.2 million
HQ: Auckland, New Zealand
Tags: Consumer, lending, loans, crowdfunding, underwriting, credit, investing
Source: FT Partners

Mondo
Digital bank
Latest round: $7.25 million
Total raised: $10.4 million
HQ: London, England, U.K.
Tags: Consumer, bank, mobile, challenger, neo-bank
Source: Crunchbase

BUX
Simple stock trading platform
Latest round: $6.9 million Series
Total raised: $10.7 million
HQ: Amsterdam, Netherlands
Tags: Consumer, investing, stock trading, equities, gamification
Source: Crunchbase

AQ Metrics
Risk management and compliance software
Latest round: $3.25 million
Total raised: $3.25 million
HQ: Maynooth, Ireland
Tags: Consumer, insurance, automobile lending, cars
Source: FT Partners

StudentLoan Genius
Student loan repayment as a benefit for employers
Latest round: $3 million Seed
Total raised: $3 million
HQ: Austin, Texas
Tags: Consumer, SMB, student loans, payments, HR, employee benefit
Source: Crunchbase

ModoPayments
Digital payments plaform
Latest round: $2 million Angel
Total raised: $4 million
HQ: Richardson, Texas
Tags: Consumer, SMB, payments, merchants, funds transfer, FinDEVr alum
Source: Finovate

Chainalysis
Compliance layer for value exchange
Latest round: $1.6 million Seed
Total raised: $3.2 million
HQ: New York City
Tags: SMB, enterprise, security, privacy, blockchain, cryptocurrency, database, bitcoin
Source: Crunchbase

Covercy Technological Trading
International remittances
Latest round: $1.5 million
Total raised: $1.5 million
HQ: Tel Aviv, Israel
Tags: Consumer, SMB, payments, FX, funds transfers
Source: FT Partners

SnoopWall
Security solutions for mobile apps and online services
Latest round: $1 million
Total raised: $1.85 million
HQ: California
Tags: Consumer, SMB, security, privacy, cybersecurity, FinDEVr alum
Source: Crunchbase

HomeSpotter
Real estate discover mobile app
Latest round: $925,000 Convertible Note
Total raised: $3.95 million including above note
HQ: Minneapolis, Minnesota
Tags: Consumer, mortgage, home buying, chatbot, real estate, mobile
Source: Crunchbase

Droplet
Mobile loyalty and payments
Latest round: $640,000
Total raised: $2.73 million
HQ: London, England, UK
Tags: Consumer, SMB, rewards, payments, merchants, location-based
Source: FT Partners

Buddy
Point-of-purchase financing
Latest round: $500,000 Seed
Total raised: $500,000
HQ: Bengaluru, India
Tags: Consumer, SMB, loans, credit, lending, underwriting
Source: Crunchbase

RealKey
Home buying & mortgage process management
Latest round: $100,000 Seed ($7 million valuation)
Total raised: $100,000
HQ: California
Tags: Consumer, real estate agents, home buying, mortgage, discovery, search
Source: Crunchbase

Metromile
Pay-per-mile automobile insurance
Latest round: Not disclosed
Total raised: $14 million previously
HQ: San Francisco, California
Tags: Consumer, insurance, automobile lending, cars
Source: FT Partners

Verb
Mobile trading app
Latest round: Not disclosed
Total raised: Unknown
Tags: Consumer, investing, trading, equities
Source: Crunchbase

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Modo Payments Closes $2 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on February 18, 2016
Categories: Funding, Modo Payments

Payments connection startup Modo Payments closed on a fresh $2 million in funding this week.

Notable contributors to the round include:

Tim Keith: CEO of Central Texas Partners
John Beletic: partner at Oak Investment Partners
Jay Kassing: owner of fintech company Marquis

Today’s round, when added to the Texas-based company’s 2014 Seed round of $2 million, brings its total funding to $4 million.

The Dallas Business Journal discussed Modo’s growth with the startup’s CEO Bruce Parker, who stated, “Over the course of the year, we’re looking to double on almost every dimension*…. Last year, we did $1.7 million in bookings.”

Additionally, Parker noted that Modo will partner with a PayPal competitor this spring, connecting it to U.S. retailers.

Modo’s new initiative, dubbed COIN, works as the “plumbing” in the payments industry. COIN sends money from just about any source, whether it’s a legacy system or new, cloud-based system, and delivers it to any destination. Modo describes COIN as a “shipping container” for intermodal payments.

Modo CEO Bruce Parker describes COIN in his FinDEVr San Francisco presentation titled, Mobile Payments are Dead . . . Long Live Digital Payments.

Modo CEO Bruce Parker at FinDEVr San Francisco 2015.

*Meaning everything from bookings to employees.

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PayActiv Raises $9 Million in Series A

By David Penn Posted on February 18, 2016
Categories: Funding, Fundings, PayActiv

In a round led by SoftBank Capital, financial wellness specialist PayActiv has raised $9.2 million in new funding. The investment will help the company grow its suite of turnkey, workplace-based, financial wellness solutions.

Combined with a $4.35 million seed round from the summer of 2014, the Series A brings PayActiv’s total capital to more than $13 million.

PayActiv CEO and Founder Safwan Shah emphasized the potential for expansion when discussing both his company’s 2015 as well as the recent investment. “With this funding, we will continue to expand and enhance our innovative wellness programs that help all workers lead a better life with security, dignity, and savings,” Shah said.

Pictured: PayActiv CEO and founder Safwan Shah demonstrating the MyMo intelligent cash flow management app at FinovateSpring 2015.

PayActiv’s MyMo app is an intelligent, cash-flow management tool that gives workers the ability to get advances on future paychecks, as well as pay bills, transfer money, and top up prepaid mobile phones. PayActiv refers to this as helping close the “timing gap” between earning and spending, freeing earned income that is – from a cash-flow perspective – “stuck in traffic.” The app is available in both iOS and Android, and requires no changes in either incumbent IT or payroll systems. In addition to helping keep employees away from often predatory payday lenders, PayActiv’s MyMo can help workers build or rebuild credit, as well as help them manage their finances more efficiently.

Founded in January 2013 and headquartered in San Jose, California, PayActiv demonstrated MyMo at FinovateSpring 2015. The company was featured in an American Banker column on budgeting apps last November, the same month founder and CEO Shah was interviewed by TechnologyAdvice on the subject of income smoothing and real-time income access.

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Fintech Fundings: 21 Companies Raise $260 Million Week Ending 12 Feb

By Jim Bruene Posted on February 15, 2016
Categories: Funding

Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 million, for a $12 billion annual run rate. The total included at $46 million in debt. And demonstrating the global nature of financial services, only three deals were out of California (Xignite, Renew Financial, and Vast).

Three Finovate alums raised new cash:

Xignite pulled in $20.5 million to grow its massive 1-billion-calls-per-day API services business.
Qapital raised $3.5 million to expand its mobile personal finance & savings app.
SwipeStox added an undisclosed amount in conjunction with its FinovateEurope 2016 Best of Show debut.

Six weeks into the new year, fintech companies have raised $4.5 billion in equity and debt worldwide, 2.5 times the $1.9 billion in the same period last year. And the number of deals is up 70% (146 compared to 86 in 2015).

Here are the fintech deals by size from 6 Feb to 12 Feb 2016:

Renew Financial
Financing for renewable energy and conservation projects
Latest round: $70 million Series D
Total raised: $102.2 million
HQ: Oakland, California
Tags: Consumer, SMB, loans, credit, lending, underwriting, personal finance management, energy consumption management
Source: Crunchbase

Maestro Health
Employee benefits and health insurance services
Latest round: $53 million
Total raised: $53 million
HQ: Chicago, Illinois
Tags: Employers, benefits, HR, payments, healthcare, insurance, health savings accounts
Source: Crunchbase

WorldRemit
Worldwide remittances
Latest round: $45 million Debt
Total raised: $147.7 million (includes $45 million debt)
HQ: London, England, U.K.
Tags: Consumer, SMB, payments, remittances, P2P transfers, person-to-person
Source: Crunchbase

Riskified
Underwrites and guarantees high-risk credit card transactions
Latest round: $25 million Series B
Total raised: $30.7 million
HQ: Tel Aviv, Israel
Tags: SMB, merchants, underwriting, credit/debit cards, acquiring, fraud, security, risk management
Source: Crunchbase

Xignite
APIs powering financial services
Latest round: $20.5 million Series C
Total raised: $36.2 million
HQ: San Mateo, California
Tags: Enterprise, SMB, API, developers, integration, back-end, investing, wealth management, Finovate alum
Source: Finovate

Payleven
Mobile point of sale
Latest round: $10 million Series D
Total raised: $25.2 million
HQ: Berlin, Germany
Tags: SMB, payments, mPOS, acquiring, merchants, credit/debit cards
Source: Crunchbase

SwervePay
Healthcare and automobile payment solutions
Latest round: $10 million Series B
Total raised: $11.6 million
HQ: Chicago, Illinois
Tags: Consumer, SMB, payments, mobile, insurance, healthcare, automobile dealers, merchants
Source: Crunchbase

RKSV
Online stock brokerage
Latest round: $4 million Series A
Total raised: $4 million
HQ: Mumbai, India
Tags: Consumer, investing, trading, stocks, equity
Source: Crunchbase

Qapital
Digital banking app
Latest round: $3.5 million
Total raised: $5.3 million
HQ: New York City; Stockholm, Sweden
Tags: Consumer, systematic savings, deposit, PFM, personal finance management, Finovate alum
Source: Crunchbase

Stash
Digital investment advisor
Latest round: $3 million Seed
Total raised: $4.5 million
HQ: New York City, New York
Tags: Consumer, investing, trading, mobile
Source: Crunchbase

Qvinci
Accounting add-on for financial reporting
Latest round: $2.4 million
Total raised: $5.8 million
HQ: Austin, Texas
Tags: SMB,Quickbooks, accounting, financial management
Source: Crunchbase

Shopbox
Point-of-sale technology for food businesses
Latest round: $2.2 million
Total raised: $2.2 million
HQ: Copenhagen, Denmark
Tags: SMB, POS, payments, credit/debit cards, restaurant merchants, acquiring
Source: Crunchbase

Trussle
Online mortgage advisor
Latest round: $1.6 million
Total raised: $1.6 million
HQ: London, England, United Kingdom
Tags: Consumer, mortgage, refi, lead gen, price comparison
Source: FT Partners

Agreement Express
Automates client onboarding in financial services
Latest round: $1 million Debt
Total raised: $1 million Debt
HQ: Vancouver, British Columbia, Canada
Tags: B2B, consumer, compliance, sales, onboarding, UX, Silicon Valley Bank (lender)
Source: Crunchbase

Vast
Home and auto purchase decision-making tools
Latest round: $1 million
Total raised: $1 million
HQ: San Francisco, California
Tags: Consumer, B2B, lending, mortgages, auto loans, home purchasing, real estate, automobile buying
Source: Crunchbase

Homie
P2P marketplace for home selling
Latest round: $700,000
Total raised: $700,000
HQ: Salt Lake, Utah
Tags: Consumer, mortgage, home purchase, real estate, peer-to-peer
Source: FT Partners

OFF3R
Crowd-funding aggregator
Latest round: $690,000 Seed
Total raised: $690,000
HQ: London, England, United Kingdom
Tags: Consumer, SMB, investing, peer-to-peer, equity, loans, lending
Source: Crunchbase

SurBTC
Chilean bitcoin exchange
Latest round: $300,000 Seed
Total raised: $300,000
HQ: Santiago, Chile
Tags: Consumer, payments, cryptocurrency, bitcoin, blockchain, virtual currency
Source: FT Partners

Capzest
Digital lender
Latest round: $200,000
Total raised: $200,000
HQ: Mumbai, India
Tags: Consumer, SMB, loans, credit, lending, underwriting
Source: FT Partners

SwipeStox (Naga Group AG)
Social investing application
Latest round: Not disclosed
Total raised: Unknown
HQ: Hamburg, Germany
Tags: Consumer, investing, mobile, trading, social, Hauck & Aufhäuser (investor), Finovate alum
Source: FT Partners

Turtlemint
Insurance price-comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Mumbai, India
Tags: Consumer, insurance, lead gen, discovery, price comparison, automobile, health, motorcycle
Source: Crunchbase

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Xignite Raises $20 Million in New Partnership with Tokyo’s QUICK Corporation

By David Penn Posted on February 9, 2016
Categories: Funding, Fundings, Xignite

Go east, young provider of cloud-based market data solutions.

A $20.5 million Series C investment led by Tokyo’s QUICK Corporation has boosted Xignite’s total funding to more than $37 million, and signaled the company’s intention to expand into the Asian market.

Pointing to the “hyper-growth” in Asia and calling the region “the world’s largest fintech frontier,” QUICK president and CEO Noboru Yoshioka said the partnership between his company and Xignite will yield a “unique opportunity to capture growth in this market.” Xignite CEO and founder Stephane Dubois, whose company is demonstrating its latest technologies at FinovateEurope this week, referred to both the flexibility and the openness of his company’s solution as key to providing financial services customers with the data they need.

Pictured: Stephane Dubois, Xignite CEO and founder, demonstrated Xignite Cloud Streaming at FinovateFall 2015 in New York.

“Financial institutions can no longer afford to operate rigid and proprietary data infrastructures,” Dubois said in a statement. “These legacy institutions must innovate and simultaneously cut costs if they want to survive and thrive in this new paradigm.”

Also participating in the funding round were Altos Ventures, Startup Capital Ventures, and StarVest Partners.

The investment will enable Xignite to increase its sales, marketing, and production capacities in order to keep up with the company’s growth. As part of the deal, QUICK managing director, Atsuyuki Nakajima will join Xignite’s board of directors. QUICK Corporation is a part of the Nikkei Group, and is the largest financial information provider in Japan.

Founded in 2006 and headquartered in San Mateo, California, Xignite demonstrated its Cloud Streaming technology at FinovateFall 2015. The company’s solution is scalable, based on open standards, and has “zero footprint” for clients. Helping power some of fintech’s most innovative companies, e.g., Betterment and Currency Cloud, Xignite has more than 1,000 customers in fields ranging from investing and trading to wealth management. Xignite grew its bookings by more than 50% in 2015, serving more than 455 billion API calls.

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Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

By Jim Bruene Posted on February 5, 2016
Categories: Funding

Private capital continued to flow into the fintech sector this week with 21 companies raising $257 million. The total included at least $85 million in debt. One Finovate alum raised new cash: London’s Revolut brought in $4.8 million for its global funds-transfer app.

Just five weeks into the new year, fintech companies have raised $4.25 billion in equity and debt worldwide, more than three times the $1.3 billion in the same period last year. And the number of deals is up 70% (125 compared to 74 in 2015).

Here are the fintech deals by size from 30 Jan to 5 Feb 2016:

Credibly
Small business alt-lender
Latest round: $70 million Debt
Total raised: $70 million
HQ: Troy, Michigan
Tags: SMB, small biz loans, credit, lending, commercial lending, capital
Source: Crunchbase

Blockstream
Sidechain technology
Latest round: $55 million Series A
Total raised: $76 million
HQ: Montreal, Quebec, Canada
Tags: SMB, consumer, enterprise, blockchain, cryptocurrency, security, ledger, bitcoin
Source: Crunchbase

Spotcap
Alt-lender for small businesses (Rocket Internet)
Latest round: $35 million Series B
Total raised: $56.1 million
HQ: Berlin, Germany
Tags: SMB, credit, underwriting, loans, lending, peer-to-peer, marketplace
Source: Crunchbase

Lamudi
Real estate platform for emerging markets
Latest round: $31.4 million
Total raised: $56.4 million
HQ: Berlin, Germany
Tags: Consumer, mortgage, home buying, property search, investing
Source: Crunchbase

Sonovate
Contract financing and management services for professional recruitment firms
Latest round: $16.5 million Debt
Total raised: $22 million (includes $16.5 million debt)
HQ: London, England, UK
Tags: SMB, credit, receivables financing, management
Source: Crunchbase

Digital Asset
Distributed ledger technology for financial services
Latest round: $10 million
Total raised: $60 million
HQ: New York City
Tags: Enterprise, blockchain, bitcoin, crypto-currency, database, securities trading, custody
FI investors: JP Morgan, BNP Paribas, ABN AMRO, Santander, PNC, Citigroup, Goldman Sachs
Source: Crunchbase

Receipt Bank
Receipt extraction technology
Latest round: $10 million
Total raised: $10 million
HQ: London, England, UK
Tags: Consumer, SMB, accounting, personal financial management, PFM, spending, payments
Source: Crunchbase

Simplex
Credit card acquiring for bitcoin exchanges & wallets
Latest round: $7 million Series A
Total raised: $8 million
HQ: Israel
Tags: B2B, SMB, payments, security, acquiring, credit/debit cards
Source: Coindesk, Crunchbase

Bitcoin Group
Blockchain technology
Latest round: $4.9 million IPO
Total raised: Unknown
HQ: Victoria, Australia
Tags: Consumer, SMB, blockchain, bitcoin, crypto-currency, mining
Source: FT Partners

Revolut
Global person-to-person payments app
Latest round: $4.8 million
Total raised: $7.6 million
HQ: London, England, UK
Tags: Consumer, payments, P2P, remittances, fx, peer-to-peer, mobile, Finovate alum
Source: Finovate

OOO Fit (PayQR)
Mobile payments
Latest round: $3.9 million Seed
Total raised: $5.4 million
HQ: Moscow, Russia
Tags: Consumer, payments, mobile, QR codes
Source: Crunchbase

Quantescent
Trading tools
Latest round: $3.5 million Angel
Total raised: $3.5 million
HQ: Saint Helena, California
Tags: Consumer, traders, advisors, investing, stock trading
Source: Crunchbase

Thumzap
Mobile payments for teens
Latest round: $3 million Seed
Total raised: $3 million
HQ: Wilmington, Deleware
Tags: Consumer, parental controls, payments, mobile, youth market
Source: Crunchbase

Instant Financial
Real-time payroll platform
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Vancouver, British Columbia, Canada
Tags: Consumer, employer, SMB, human resources, payments, benefits
Source: Crunchbase

Property Moose
Real estate crowdfunding platform
Latest round: $630,000
Total raised: $1.5 million
HQ: London, England, UK
Tags: Consumer, credit, mortgage, underwriting, loans, lending, peer-to-peer, marketplace, crowdfunding, property
Source: Crunchbase

DisputeBills
Consumer healthcare bill & debt management
Latest round: $400,000 Seed
Total raised: $400,000
HQ: Chicago, Illinois
Tags: Consumer, credit, healthcare, debt management, bills, billpay, health insurance
Source: Crunchbase

Birch
Personal finance tool for maximizing credit card rewards
Latest round: $100,000 Seed
Total raised: $100,000
HQ: Gainesville, Florida
Tags: Consumer, spending, personal financial management, PFM, rewards, loyalty
Source: Crunchbase

Moneytis
Money transfer comparison site
Latest round: $55,000
Total raised: $55,000
HQ: San Francisco, California
Tags: Consumer, remittances, P2P transfers, fx, person-to-person
Source: Crunchbase

Invertions Plus
Investment tools
Latest round: $10,000 Seed
Total raised: $10,000
HQ: Spain
Tags: Consumer, advisors, investing, trading
Source: Crunchbase

Kraken
Bitcoin exchange
Latest round: Undisclosed Series B
Total raised: $5 million (prior to the Series B)
HQ: Emeryville, California
Tags: Consumer, SMB, blockchain, bitcoin, crypto-currency, payments
Source: FT Partners

Skuchain
Distributed ledger technology
Latest round: Not disclosed
Total raised: Unknown
HQ: Mountain View, California
Tags: SMB, consumer, enterprise, blockchain, cryptocurrency, security, ledger, trade finance
Source: Crunchbase

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Revolut Pulls in $4.8 Million

By Julie Muhn (@julieschicktanz) Posted on February 5, 2016
Categories: Funding, Fundings, Revolut

London-based Revolut launched in 2014 under the premise that people should not be charged for spending and transferring their own money in a different currency. This week, the startup closed a $4.8 million round of funding.

The round was led by Balderton Capital. Additional contributors include: Index Ventures, Point Nine Capital, Seedcamp, and Venrex Investment Management.

Combined with the startup’s previous investments, this round brings its total funding to $7.6 million.

In January, Revolut launched version 2.0 of its personal money cloud. Its redesigned app is focused on offering transparency while maintaining an intuitive user experience.

The company’s CEO and Founder Nikolay Storonsky, and CTO Vlad Yatsenko debuted Revolut at FinovateEurope 2015 in London.

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Fintech Fundings: 29 Companies Raise $350 Million Week Ending Jan 29; Full Month Tops $4 Billion

By Jim Bruene Posted on February 4, 2016
Categories: Funding, Uncategorized

For the third time in that past four weeks a fintech funding record has fallen. This week it was number of companies, beating the total funded two weeks ago by one. As you may recall, last week we set the new mark (by a large margin) for the highest weekly dollar total with $2.7 billion.

All told, last week 29 fintech companies worldwide brought in $352 million, including Finovate alum PinDrop Security, which added $75 million for its voice biometrics tools to fight fraud.

In January, fintech companies raised $4 billion in equity and debt worldwide, almost four times the $780 million raised during January 2015. And the number of deals is up 70% (104 compared to 61 in 2015).

Here are the fintech deals by size from 23 Jan to 29 Jan 2016:

Nexara Holdings
Mortgage startup with two brands: NewFI & Bluestream Lending
Latest round: $100 million Series
Total raised: $100 million
HQ: Emeryville, California
Tags: Consumer, credit, mortgage, underwriting
Source: Crunchbase

Pindrop Security
Anti-fraud technology for financial institutions and others
Latest round: $75 million Series C
Total raised: $122 million
HQ: Atlanta, Georgia
Tags: Enterprise, SMB, fraud, voice biometrics, security, Finovate alum
Source: Finovate

Cadre
Real estate investing platform
Latest round: $50 million Series B
Total raised: $68.3 million
HQ: New York City
Tags: Consumer, advisors, real estate, mortgage, investing, wealth management
Source: FT Partners

Bayut
UAE real estate portal
Latest round: $20 million Series C
Total raised: $29 Million
HQ: Dubai, UAE
Tags: Consumer, home buying, renting, mortgage, real estate
Source: Crunchbase

College Ave Student Loans
Student loan lender
Latest round: $20 million
Total raised: $40 million
HQ: Milwaukee, Wisconsin
Tags: Consumer, credit, youth market, underwriting, lending, loans, FirstTrust Bank (loan originator)
Source: Crunchbase

The Zebra
Car insurance price comparison
Latest round: $17 million Series A
Total raised: $23.03 million
HQ: Austin, Texas
Tags: Consumer, insurance, automobile insurance, price comparison, lead gen, discovery, quotes
Source: Crunchbase

PitchBook
Investment information
Latest round: $10 million Series B
Total raised: Unkown
HQ: Seattle, Washington
Tags: SMB, advisors, enterprise, investing, trading, wealth management
Source: FT Partners

Sprinklebit
Social investing platform
Latest round: $10 million Series A
Total raised: $13.7 million
HQ: New York City
Tags: Consumer, investing, trading, social media
Source: Crunchbase

Sonovate
Contract financing and management services for professional recruitment firms
Latest round: $7.1 Million Series
Total raised: Unknown
HQ: London, England, UK
Tags: SMB, credit, receivables financing, management
Source: FT Partners

Bench
Online bookkeeping service
Latest round: $6.75 million Series
Total raised: $23.5 Million
HQ: Vancouver, British Columbia, Canada
Tags: SMB, bookkeeping, accounting, invoicing
Source: Crunchbase

Wave Accounting
Online accounting & invoicing
Latest round: $6.3 million
Total raised: $6.3 million
HQ: Toronto, Ontario, Canada
Tags: SMB, bookkeeping, accounting, invoicing
Source: Crunchbase

Cumulus Funding
Consumer alt-lender
Latest round: $5.9 million Series
Total raised: $6.75 million
HQ: Chicago, Illinois
Tags: Consumer, credit, underwriting, loans, lending
Source: FT Partners

Kurtosys
Client reporting and information management for financial services
Latest round: $5.2 million Series
Total raised: $25.6 million
HQ: London, England, UK
Tags: Enterprise, advisors, wealth management, hosting
Source: FT Partners

Smartika
Social lending platform
Latest round: $4.9 million
Total raised: $4.9 million
HQ: Milan, Italy
Tags: Consumer, credit, person-to-person, marketplace lender, underwriting, investing
Source: Crunchbase

Vestorly
Content management for financial services
Latest round: $4.1 million Series A
Total raised: $4.1 million
HQ: New York City
Tags: Enterprise, content, investing
Source: FT Partners

Dopay
Electronic payroll system
Latest round: $2.4 million Series A
Total raised: $8.0 million
HQ: London, England, UK
Tags: B2B2C, SMB, payments, payroll, human resources, underbanked, unbanked, Barclays Accelerator
Source: Crunchbase

Insurify
Car insurance comparison site
Latest round: $2 million Seed
Total raised: $2 million
HQ: Cambridge, Massachusetts
Tags: Consumer, insurance, automobile, car insurance, lead gen, price comparison, discovery
Source: Crunchbase

ClaimKit
Insurance claim management
Latest round: $1.8 million
Total raised: $2.36 million
HQ: Overland Park, Kansas
Tags: Enterprise, insurance claim processing
Source: FT Partners

AlgoMerchant
Investment portal
Latest round: $1.3 million Seed
Total raised: $1.3 million
HQ: Singapore
Tags: Consumer, investing, lead gen, wealth management, discovery, advisors
Source: Crunchbase

Jewel Paymentech
Risk management for payment acquirers
Latest round: $1 million
Total raised: $1 million
HQ: Singapore
Tags: SMB, enterprise, security, fraud management, acquirers, merchants, payments
Source: Crunchbase

YoPay
Digital payments
Latest round: $550,000 Seed
Total raised: 550,000
HQ: New York City
Tags: SMB, merchants, credit/debit card acquiring, payments
Source: Crunchbase

bitFlyer
Japanese bitcoin exchange
Latest round: $420,000
Total raised: $7.36 million
HQ: Japan
Tags: Consumer, SMB, bitcoin, cryptocurrency, virtual currency, blockchain
Source: Crunchbase

SatoshiPay
Bitcoin nanopayments
Latest round: $390,000
Total raised: $630,000
HQ: London, England, UK
Tags: Consumer, payments, micro-payments, content, virtual currency
Source: Crunchbase

Billecta
Online invoicing
Latest round: $140,000
Total raised: $140,000
HQ: Sweden
Tags:SMB, bookkeeping, accounting, invoicing
Source: Crunchbase

Finova Financial
Online vehicle-secured lending
Latest round: $125,000 Seed
Total raised: $125,000
HQ: Palm Beach Gardens, Florida
Tags: Consumer, credit, automobile lending, alt-lender, underwriting
Source: Crunchbase

C2FO
Working capital finance
Latest round: Not disclosed
Total raised: $85 million in prior rounds
HQ: Fairway, Kansas
Tags: SMB, enterprise, credit, receivables financing, trade finance, factoring, underwriting, Citibank (investor)
Source: FT Partners

CreditNation
Loan comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Delhi, India
Tags: Consumer, credit, lead gen, price comparison, loans, discovery, lending
Source: Crunchbase

Truebill
Recurring payments management
Latest round: Not disclosed
Total raised: Unknown
HQ: San Francisco, California
Tags: Consumer, payments, personal financial management, billpay, recurring bills, PFM, Ycombinator
Source: Crunchbase

True Potential
Wealth management technology
Latest round: Undisclosed Private Equity
Total raised: Unknown
HQ: London, England, UK
Tags: Advisors, consumer, wealth management, investing
Source: Crunchbase

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Finovate Alums Are Top Tech Startup Fundraisers in Four States

By David Penn Posted on February 3, 2016
Categories: Avalara, CashStar, edo Interactive, Funding, Fundings, Kabbage

An interesting infographic from CB Insights reveals four Finovate/FinDEVr alums to be the most well-funded tech startups in their respective states.

“Using CB Insights data, we analyzed the most well-funded startups by state, based on disclosed equity funding,” read the CB Insights blog accompanying the map. The survey did not include debt funding and companies that had to have raised at least $5 million. The survey also excluded Alaska or Hawaii, which had no qualifying startups.

Avalara (Washington State)

Headquarters: Seattle/Bainbridge Island
Total capital raised: $223.63 million
Latest demo: FinDEVr San Francisco 2015

CashStar (Maine)

Headquarters: Portland
Total capital raised: $43 million
Latest demo: FinovateFall 2011

edo Interactive (Tennessee)

Headquarters: Nashville
Total capital raised: $91.5 million
Latest demo: FinovateSpring 2012

Kabbage (Georgia)

Headquarters: Atlanta
Total capital raised: $238.65 million
Latest demo: FinovateSpring 2015

For more on funding for Finovate alums, check out our funding year-in-review, Finovate Alums Raise More than $3 Billion in 2015.

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Finovate Alums Raise More Than $3 Billion in 2015

By David Penn Posted on February 1, 2016
Categories: Funding, Fundings

Maybe it’s passé to say another year was a “banner year” for investment in fintech. But there is no better way to describe the more than $3 billion in funding raised by Finovate alums in 2015.

We previewed our alum funding for 2015 a few weeks ago with a look at investment in European-based alums. Now we present the numbers for the entire world.

Finovate alums by year

2015: $3.1 billion, up 41%
2014: $2.2 billion, up 167%
2013: $825 million, up 83%
2012: $450 million

Highlights from 2015

Worldwide, 116 Finovate alums raised $3.1 billion
Credit Karma raised the largest amount of capital, pulling in $175 million in June. Kabbage came in second with $135 million in October.
April may be poetry’s cruelest month, but for Finovate alums, it was the most lucrative with $400 million raised by 15 companies. January was a close second, with $340 million raised by 14 companies.
April was also the biggest month for number of deals with 15. January, May, and July were a close second with 14 deals each.

Alum funding by month

December

BankersLab closes on undisclosed amount in angel funding round
CBANC Network garners $4 million in Series B funding
Gusto, formerly ZenPayroll, closes on $50 million funding
Onovative raises $1.2 million in new funding
Rippleshot raises $1.2 million in round led by KGC Capital
ThetaRay lands $5 million investment from Alibaba; partners with PwC
Trizic raises $2 million to help advisors compete with algorithms
Trulioo raises $15 million with help from American Express Ventures
WorkFusion raises $14 million Series C Round Led by Nokia Growth Partners

November

Figo announces new “seven-figure” financing round.
iSignthis completes $10 million capital raise.
Lighter Capital closes $9 million Series B funding round, raises $100 million to lend to tech startups
Nous closes in on 350,000 fundraising goal [Update: Nous exceeds original goal, raises $750,000]
Roostify garners $500,000 in funding from Wells Fargo Accelerator
Tuition.io raises $5 million in Series A.

October

Blooom announces $4 million Series A round led by QWDS Investors.
CardFlight scores $4 million in Series A funding.
Financeit closes undisclosed amount of funding from Goldman Sachs.
IDology announces “significant,” strategic equity investment in Payfone.
Kabbage’s fresh $135 million to help grow Karrot Consumer Lending Platform.
Moven rounds up $12 million in funding for international expansion.
*Praesidio raises $3.1 million.
Ripple Labs makes waves: raises $4 million, rebrands & launches Interledger.
MortgageTech is on the move as Roostify closes Series A round led by USAA.
Spreedly raises $2.5 million in new funding.
Stockpile hauls in $15 million in new investment.
Xpenditure rakes in $5.7 million.
WorldPay goes public; shares rally on trading debut.

September

Alkami Technology earns $11 investment.
Blooom wins grant from LaunchKC.
Cloud Lending Solutions raises $8 million in Series A.
Coinalytics earns $1 million in seed funding from The Hive.
CoverHound completes $33 million Series C.
Ellevest pulls in $10 million from Morningstar.
InForcePro rakes in $4 million following Finovate debut.
Kreditech raises €82 million in Series C investment led by J.C. Flowers.
MX lands $4 million from CheckFree founder Pete Kight.
Trading Ticket picks up $4 million in seed funding from Citi, Valar Ventures.
Trunomi raises $3 million to solve KYC challenges.

Mergers & Acquisitions: Prosper signals Move into PFM with $30 Million Acquisition of BillGuard.

August

AnchorID raises $800,000.
CashStar raises capital: new investment boosts total to $50 million.
Digital Retail Apps raises $1 million Canadian in round led by Texas Ventures.
Artificial intelligence innovator, Kensho boosts total capital to $58 million.
Mogl earns $8 million investment ahead of FinovateFall debut.
Payoneer pulls in $50 million.
Socure secures $2.3 million in debt financing.
StockViews raises $16,000 in seed investment
SumUp raises €10 million in round led by BBVA Ventures, Groupon, American Express.
Tio Networks raises $1.7 million in private placement.
New investment in Tyfone takes total capital to $12 million.
VATBox locks up $24 million growth equity investment.

Mergers & Acquisitions: FutureAdvisor acquired by BlackRock.

July

Platform-as-a-Service specialist Apprenda raises $24 million.
BankBazaar scores $60 million in funding led by Amazon.
Behalf closes $119 million Series B.
New investment for Dealstruck boosts lending capital to more than $100 million.
Expensify tallies up $17.5 million in funding to support its new fintech investment fund.
Fastacash secures $15 million in Series B investment.
Fenergo raises $75 million from Insight Venture Partners.
The next fintech unicorn: rumored $150 million heading to Kabbage.
A dash of good karma: Karmic Labs raises $5 million.
Malauzai raises $11 million in venture funding.
Nearex closes Series B funding.
Radius raises $50 million in round led by Founders Fund.
Realty Mogul builds $35 million in new funding.
Revolut launches to public, announces $2.3 million in funding.
ShopKeep rings up $60 million investment.
Twilio raises $130 million in Series E round.

June

Azimo lands $20 million Series B investment led by Frog Capital.
Bright Funds closes seed round with $1.8 million investment.
Cachet Financial Solutions completes $4.4 million private placement.
CashSentinel closes seed round of undisclosed amount.
New $175 million investment earns Credit Karma a $3.5 billion valuation.
Currency Cloud cooks up $18 million in new funding round.
Prairie Cloudware announces new round of investment.
Signifyd raises $7 million in Series A investment.
SumUp unveils new financing.

May

Actiance picks up $28 million from new and existing investors.
Bitcoin-based P2P lending platform Bitbond raises $670,000.
Credit Sesame raises $16 million in new funding.
EDO Interactive completes $20 million Series E round; names Badran CEO.
Feedzai announces more than $17 million in new funding.
FreeAgent to crowdfund $1.6 million funding round.
ItBit raises $25 million, earns New York State Trust Charter ahead of Finovate debut.
Kantox picks up $11 million in Series B, doubling total capital.
LendKey adds $8 million in venture debt; reaches $800 million in loans
PayItSimple receives $10 million line of credit.
Planwise raises $750,000; nearly doubling total capital.
Ripple Labs reels in $28 million, eyes Asia expansion.
Trizic raises $3 million in seed funding from Operative Capital.
Friction is good: Social network for credit innovator Vouch raises $6 million.
WePay closes $40 million Series D round led by FTV Capital.

Honorable mention: Zenefits raises $500 million (company founded by serial entrepreneur Parker Conrad, founder of alums SigFig and Wikinvest).

April

CurrencyFair springs $10.7 million more in funding.
Dealstruck raises $8 million in funding, $50 million for new credit facility.
Dream Payments raises $6 million in funding for mPOS technology.
eToro secures $12 million investment from Commerzbank.
EZBOB raises $45 million in new funding.
Interactions raises more than $9 million in new funding.
MoneyStream launches to public, receives $3.2 million in funding.
MX raises $30 million in Series A investment.
Patch of Land earns $23 million investment led by SF Capital Group.
PayNearMe raises $14.7 million in new financing..
Prosper pulls in $165 million in funding, boosting valuation to $1.9 billion.
SigFig brings on new advisory board members and $1 million in funding.
StockTwits earns $1.2 million investment.
Britain’s second largest mobile wallet, Yoyo, pulls $10 million in funding.
ZenPayroll raises $60 million in round led by Google Capital.

Mergers & Acquisitions: SaveUp purchased by Chicago-area entrepreneur, Paul J. Bart; Early Warning acquires Authentify

March

Advanced Merchant Payments pulls in undisclosed amount of funding.
Alt credit score startup, Aire, raises $1.1 million.
Ayasdi raises $55 million in Series C funding.
CoverHound raises $14 million in Series B.
ID.me raises $3 million in new venture debt funding.
Lendio raises $20 million in new funding to help finance small businesses.
Linkable Networks rakes in $11.7 million.
Q2 Holdings completes $116 million follow-on stock offering.
Yapstone closes $60 million debt financing deal.

Mergers & Acquisitions: Multi-Factor Authentication Specialist Toopher Acquired by Salesforce; ReadyforZero Acquired by Avant in cash and stock deal; printer-giant Lexmark to acquire Kofax for $1 billion; LearnVest acquired by Northwestern Mutual for more than $250 million.

February

AdviceGames raises $570,000 from Ibuildings.
Betterment raises a fresh $60 million in round led by Francisco Partners.
Bill.com raises $50 million, doubling total funding.
Finsphere lands $1.8 million, partners with Visa.
Micronotes receives $910k in funding.
Pindrop Security raises $35 million.
SecureKey raises $19 million in Series C.
Payments platform Mozido adds $2.5 million to SimplyTapp’s Series B round.
Xero raises $110 million from Accel Partners, Matrix Capital.

Mergers & Acquisitions: Samsung acquisition of LoopPay puts Apple Pay on notice.

January

App Annie reels in $63 million.
BlueVine grabs $18.5 million to increase small-business lending.
Bolstr raises $1.7 million in seed funding.
Coinbase raises $75 million from BBVA, USAA, NYSE, & others.
Global Debt Registry raises $7 million in Series A round.
Kofax raises $1.9 million in funding.
Kreditech secures $200 million line of credit.
LendingRobot pulls in $3 million to boost your Lending Club and Prosper portfolios.
Renren leads $40 million funding round for Motif Investing.
PeerTransfer secures $22 million in a round led by Bain Capital.
Ripple Labs raises $30 million in Series A round.
Spreedly raises $150,000 in new funding.
Taulia’s fresh $15 million will fuel international growth.
TransferWise raises $58 million in round led by Andreessen Horowitz.
TrueLink raises $3 million in round led by Cambia Health Solutions.

Mergers & Acquisitions: Akimbo Financial acquired by Payment Data Systems.

*New alum; funds raised prior to Finovate appearance.

Funding that companies received before they first appeared at Finovate was not counted in overall totals.

Questions? Comments? Email us at research@finovate.com.

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Pindrop Raises $75 Million for Phone-printing Authentication

By Julie Muhn (@julieschicktanz) Posted on January 28, 2016
Categories: Funding, Pindrop Security

Voice-fraud prevention and authentication startup Pindrop closed a $75 million funding round. This installment brings the company’s total funding to $122 million since its founding in 2011.

Google Capital, a new investor to the Georgia-based company, led the Series C round. Additional contributors include GV, another new backer, and existing financiers Andreessen Horowitz, IVP, Citi Ventures and Felicis Ventures.

Pindrop works with three of the top-four largest U.S. banks to authenticate their calls using phone-printing technology that analyzes and assigns risk to the caller. The technology helps a bank’s call center answer key questions:

Where does the call originate?
Is it a trusted number?
Does the caller’s voice sound as it should?
What device is the caller using?
Should the person’s attempt be blocked?

Pindrop will use the new funds to fuel international expansion. The company already has a small office in the United Kingdom, an area in which, according to Fortune, phone-fraud rates are fourfold higher than those in the United States. Pindrop is also in the midst of expanding to Latin America and plans to extend operations into Asia Pacific later this year.

In a release today, the company notes highlights from 2105:

Saved tens of millions of dollars for enterprise customers
Tripled revenue in the last year
Doubled its customer base in the last year, including adding two of the top-three U.S. banks
Protected 360+ million calls

Pindrop CEO Vijay Balasubramaniyan (pictured) debuted the company’s Fraud Detection System at FinovateFall 2012.

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Fintech Fundings: 23 Companies Raise $2.7 Billion Week Ending Jan 22

By Jim Bruene Posted on January 22, 2016
Categories: Funding

Last week, we set the record for most fintech deals in a single week with 28. This week, we established a new mark (by a large margin) for the highest weekly dollar total with $2.7 billion. The previous record was $1.6 billion the third week of August 2015. These are mind-boggling numbers. Imagine this: Your company, JD.com, raises $1 billion, and you are not even the biggest deal, as Chinese rival Lufax brings in $1.2 billion the very same week.

All told, 23 fintech companies worldwide brought in $2.733 billion. That included four Finovate alums who raised a total of more than $190 million:

LendUp brought in $150 million in equity and debt to fund its alternative to traditional payday loans
BlueVine added $40 million for its SMB accounts-receivables financing service
Linxo raised $2.2 million for its French bank account-aggregation app
Eight-year-old IP Commerce raised its first round (undisclosed amount) for its SMB accounting technology

Year-to-date, fintech companies have raised $3.5 billion in equity and debt worldwide, almost six times the $680 million raised during the first three weeks of 2015. And the number of deals is up 67% (75 compared to 45 in 2015).

Here are the fintech deals by size from 16 Jan to 22 Jan 2016:

Lufax
Chinese P2P lender
Latest round: $1.22 billion Series B (at $18.5 billion valuation)
Total raised: $1.7 billion
HQ: Shanghai, China
Tags: Consumer, credit, person-to-person, marketplace lender, underwriting, investing, Ping Am (investor)
Source: Crunchbase, Crowdfund Insider

JD Finance
Financial subsidiary of JD.com (direct sales company)
Latest round: $1 billion at $7.1 billion valuation
Total raised: $1 billion
HQ: Chaoyang, China
Tags: Consumer, SMB, credit, deposits, mobile, banking
Source: Crunchbase

WeLab
Consumer alt-credit provider
Latest round: $160 million Series B
Total raised: $180 million
HQ: Hong Kong, China
Tags: Consumer, credit, mobile, underwriting, lending, ING Bank (investor)
Source: Crunchbase

LendUp
Payday loan alternative
Latest round: $150 million Series B (mix of equity/debt)
Total raised: $164 million (mix of equity/debt)
HQ: San Francisco, California
Tags: Consumer, credit, lending, underwriting, mobile, Finovate alum
Source: Finovate

Digital Asset
Distributed ledger technology for financial services
Latest round: $50 million
Total raised: Unknown
HQ: New York City, New York
Tags: Enterprise, blockchain, bitcoin, cryptocurrency, database, securities trading, custody
FI investors: JP Morgan, BNP Paribas, ABN AMRO, Santander, PNC, Citigroup
Source: FT Partners

BlueVine
Small-business invoice factoring
Latest round: $40 million Series C
Total raised: $64 million
HQ: Palo Alto, California
Tags: SMB, credit, factoring, accounts receivables financing, underwriting, commercial credit, Finovate alum
Source: Finovate

Blend Labs
Mortgage processing platform
Latest round: $40 million Series C
Total raised: $65 million
HQ: San Francisco, California
Tags: Enterprise, mortgage banking/brokers, credit, home loans, process automation
Source: FT Partners

Zameen.com
Pakistani residential real estate portal
Latest round: $2o million Series C
Total raised: $29 million
HQ: Lahore, Pakistan
Tags: Consumer, real estate, lead gen, mortgage, home buying, agents
Source: Crunchbase

Housing.com (aka Locon Solutions)
Indian residential real estate portal
Latest round: $14.7 million Series
Total raised: $154.2 million
HQ: Mumbai, India
Tags: Consumer, real estate, lead gen, mortgage, home buying, agents
Source: Crunchbase

Travelers Box
Kiosk to convert foreign coins and currency into gift cards
Latest round: $10 million Series
Total raised: $14.5 million
HQ: Istanbul, Turkey
Tags: Consumer, FX, hardware, gift cards
Source: Crunchbase

Neyber
Platform for employers to lend to employees
Latest round: $8.56 million Series
Total raised: $8.56 million
HQ: London, England, United Kingdom
Tags: Consumer, B2B2C, credit, underwriting, HR, employee benefits, loans
Source: Crunchbase

PayIt
Government mobile payment processor
Latest round: $4.5 million Series A
Total raised: $4.5 million
HQ: Kansas City, Missouri
Tags: Consumer, payments, tickets, B2G2C, merchants, acquiring, debit/credit cards
Source: Crunchbase

CapLinked
Cloud-based platform for coordinating asset sales, financings and M&A
Latest round: $3.5 million
Total raised: $9.4 million
HQ: Manhattan Beach, California
Tags: SMB, deals, investing, investment banking, advisers, Peter Thiel (investor)
Source: Crunchbase, American Banker

Solovis
Investment management platform for advisers
Latest round: $3.25 million
Total raised: $3.5 million
HQ: Birmingham, Alabama
Tags: Investment managers, wealth management, investing, insurance, family office
Source: Crunchbase

LoanHero
Point-of-sale financing
Latest round: $2.5 million Seed
Total raised: $4.6 million
HQ: La Jolla, California
Tags: Consumer, credit, POS, underwriting, loans, purchase financing, tablet
Source: Crunchbase

EasyPolicy
Indian insurance portal
Latest round: $2.2 million Seed
Total raised: $2.2 million
HQ: Uttar Pradesh, India
Tags: Consumer, insurance, lead gen, price comparison, car/auto, life
Source: Crunchbase

Linxo
Personal financial manager
Latest round: $2.18 million Seed
Total raised: $2.18 million
HQ: Aix-en-Provence, France
Tags: Consumer, personal finance management, PFM, spending, budgeting, mobile, Finovate alum
Source: Finovate

Cashforce
Enterprise cash management
Latest round: $1.1 million
Total raised: Unknown
HQ: Herentals, Belgium
Tags: Enterprise, SMB, accounting, cash management, treasury, commercial banking
Source: Let’s Talk Payments

Fisdom
Mobile personal investing
Latest round: $500,000 Seed
Total raised: $500,000
HQ: Bangalore, India
Tags: Consumer, investing, savings, personal finance
Source: Crunchbase

IP Commerce
SMB accounting technology (CommerceSync)
Latest round: Undisclosed Series A
Total raised: Unknown
HQ: Denver, Colorado
Tags: SMB, accounting, developers, ecommerce, financial management, payments, Finovate alum
Source: Finovate

Central Technology Services
Software and IT financing
Latest round: Not disclosed
Total raised: Unknown
HQ: Oakville, Ontario, Canada
Tags: SMB, enterprise, commercial credit, asset financing
Source: FT Partners

EPS
Retail banking and ATM technology
Latest round: Not disclosed
Total raised: $10 million (previously)
HQ: Mumbai, India
Tags: Financial institutions, B2B2C, deposits, banking, payments
Source: FT Partners

Precidian
Investment management
Latest round: Not disclosed
Total raised: Unknown
HQ: Bedminster, New Jersey
Tags: Enterprise, mutual funds, ETFs, trading, advisers, wealth management, Legg Mason (investor)
Source: FT Partners

——–

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