After a slow start, fundings picked up and finished the week at $160 million raised by 18 fintech companies. That compares to the blistering (and unsustainable) weekly pace of 20 fundings and $575 million in August. Last year during the first week of September 2o companies raised $275 million.

Last week’s total disclosed amount raised was $158.3 million, of which $17 million was known to be debt. Three companies did not disclose funding amounts.

——-

Unicorn hunting
I completely agree that the term “unicorn” is overused, but it’s still an easy way to communicate an important valuation hurdle. Last week, The New York Times published an article, sourced from CB Insights, predicting the next 50 unicorns. It comes as no surprise that eight (17%) were fintech companies, including four Finovate alums (Betterment, Coinbase, Wealthfront, ZenPayroll) and four others (Avant, Collective Health, Raise, and Zuora). We’ll update our near-unicorn list (published 22 July) to include ZenPayroll, Collective Health and Raise.

——–

Here are the fundings from 29 Aug to 4 Sep 2015 by size:

Prospa
Australian alt-lender to small businesses
HQ: Sydney, Australia
Latest round: $60 million Series B
Total raised: $60+ million
Tags: Lending, loans, commercial, underwriting, online, SMB
Source: Crunchbase

Shift Payments
Debit card with universal currency access
HQ: San Francisco, California
Latest round: $50 million
Total raised: $50.1 million
Tags: Payments, digital currency, loyalty points, prepaid cards, debit, Y Combinator, Dwolla (partner)
Source: FT Partners

Remitly
Mobile remittance service
HQ: Seattle, Washington
Latest round: $12 million Debt
Total raised: $35 million ($23 million equity; $12 million debt)
Tags: Payments, remittances, P2P payments, mobile, Silicone Valley Bank (lender)
Source: GeekWire

InVenture
Mobile loan underwriting for the unbanked
HQ: Santa Monica, California
Latest round: $10 million
Total raised: $11.2 million
Tags: Lending, credit, consumer, loans, underwriting, unbanked, underbanked
Source: FT Partners

QuanTemplate
Data analytics for the insurance industry
HQ: London, England, United Kingdom
Latest round: $8.0 million
Total raised: $8.0 million
Tags: Insurance, reinsurance, analytics, big data, BI
Source: FT Partners

Electronic Payments
Payment processing
HQ: Calverton, New York
Latest round: $5 million Debt
Total raised: Unknown
Tags: Payments, acquiring, cards, POS, point-of-sale
Source: FT Partners

Quovo
Portfolio analytics and management tools
HQ: New York City, New York
Latest round: $4.8 million
Total raised: $6.2 million
Tags: Investing, trading, wealth management, analytics
Source: FT Partners

Questis
Financial coaching as an employee benefit
HQ: Charleston, South Carolina
Latest round: $2 million Seed
Total raised: $2 million
Tags: Personal financial management, advice, PFM, retirement planning, employee benefits, insurance
Source: WhoGotFunded

Bux
Easy mobile trading for consumers
HQ: Amsterdam, Netherlands
Latest round: $1.9 million
Total raised: $1.9 million
Tags: Investing, gamification, stocks, share trading, mobile, Ayondo (partner)
Source: Crunchbase

MoneyBrilliant
Money management geared towards women
HQ: Darlinghurst, Australia
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Consumer, PFM, personal, financial management, budgeting
Source: Crunchbase

Paymium
Bitcoin exchange
HQ: Paris, France
Latest round: $1.1 million
Total raised: $1.1 million
Tags: Payments, cryptocurrency,
Source: WhoGotFunded

FattMerchant
Payment processor
HQ: Orlando, Florida
Latest round: $850,000
Total raised: Unknown
Tags: Acquiring, SMB, merchants, cards
Source: WhoGotFunded

Mobetize
Mobile wallet and point-of-sale
HQ: Reno, Nevada
Latest round: $750,000
Total raised: $2.1 million
Tags: Payments, mobile, mPOS, merchants, wallet, SMB, consumer
Source: FT Partners

Xendit
Mobile wallet
HQ: San Francisco, California
Latest round: $285,000
Total raised: $400,000
Tags: Payments, remittances, funds transfer, P2P payments, Y Combinator
Source: WhoGotFunded

Wirate
Equity crowdfunding platform
HQ: France
Latest round: $110,000
Total raised: Unknown
Tags: Investing, P2P, person-to-person, marketplace
Source: WhoGotFunded

Kash
ACH at the point-of-sale
HQ: Waterloo, Canada
Latest round: Undisclosed
Total raised: $2+ million
Tags: Payments, API, merchants, mobile, SMB, acquiring, ACH, developers
Source: FT Partners

Platform Black
P2P invoice and supply chain finance
HQ: Basingstoke, England, United Kingdom
Latest round: Undisclosed
Total raised: Unknown
Tags: SMB, financing, credit, factoring, accounts receivables, crowdfunding, peer-to-peer
Source: InsiderMedia

Verifacto
Connecting auto dealers, lenders, insurers and consumers
HQ: Norcross, Georgia
Latest round: Undisclosed Series A
Total raised: Unknown
Tags: Indirect lending, automobiles, car dealers, installment loans, insurance
Source: FT Partners

——
Graphic licensed from 123rf.com

Do VC investors slow down in the summer? Not this year. Since 1 June 2015, we’ve seen 189 fintech deals globally raising a total of $3.1 billion.

And this week was no different, with the highest number of funded companies since we began tracking a year ago. In total, 27 companies raised $345 million ($257 million equity; $88 million in debt). It was another stellar week for Finovate alums with 6 fundings totaling $123 million, including: Money-transfer service Payoneer ($50 mil); AI innovator Kensho ($33 million); tax specialist VATBox ($24 million); cash-back specialist Mogl ($7.9 million); mobile security provider Tyfone ($6.6 million); digital payments provider Digital Retail Apps ($770,000); and StockViews ($16,000 check from London-based accelerator, Startupbootcamp). Finally, Finovate charter-alum Yodlee received a buyout bid in excess of $660 million from Envestnet.

———

Fintech Unicorn Watch: Along with Yodlee’s near-unicorn exit, another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2 billion. We’ll add it to our full unicorn list when we receive confirmation.

——–

Here are the deals in order of size between 8 Aug and 14 Aug 2015:

Prodigy Finance
Loan marketplace for graduate students
HQ: London, England, United Kingdom
Latest round: $100 million ($87.5 million Debt; $12.5 million Equity)
Total raised: $100 million($87.5 million Debt; $12.5 million Equity)
Tags: Lending, credit, crowdfunding, P2P, student loans, investing
Source: Crunchbase

Payoneer
International money transfers
HQ: New York City, New York
Latest round: $50 million
Total raised: $90 million
Tags: Payments, p2p, remittances, mobile, Finovate alum
Source: Finovate

Maestro Health
Health insurance solutions for the enterprise
HQ: Highland Park, Illinois
Latest round: $35 million
Total raised: $35 million
Tags: Insurance, self-insurance, enterprise
Source: Crunchbase

PokitDok
Healthcare and insurance APIs
HQ: San Mateo, California
Latest round: $34 million
Total raised: $46.2 million
Tags: Insurance, payments, healthcare, enterprise, SMB
Source: Crunchbase

Kensho
Artificial intelligence technology
HQ: New York City, New York
Latest round: $33 million Series A
Total raised: $58.3 million
Tags: Analytics, AI, business intelligence, BI
Source: Finovate

VATBox
VAT tax refund solution
HQ: Tel Aviv, Israel
Latest round: $24 million
Total raised: $24 million
Tags: Taxes, compliance, SMB, accounting, governance, Finovate alum
Source: Finovate

eShares
Equity management system
HQ: Mountain View, California
Latest round: $17 million
Total raised: $25.8 million
Tags: Investing, trading, stock shares, enterprise, compliance
Source: Crunchbase

Tyfone
Mobile security and payments
HQ: Portland, Oregon
Latest round: $6.6 million
Total raised: $12 million
Tags: Mobile, payments, security, authentication
Source: Finovate

Mogl
Online cash-back services for restaurants
HQ: San Diego, California
Latest round: $7.9 million
Total raised: $45.2 million
Tags: Payments, POS, SMB, acquiring, merchants, FinovateFall 2015 presenter
Source: FinovateFall 2015

OneAssist Consumer Solutions
Mobile and payment security
HQ: Mumbai, India
Latest round: $7.5 million
Total raised: $11 million
Tags: Mobile, security, payments, insurance
Source: FT Partners

Cloudability
Cloud-based spending management
HQ: Portland, Oregon
Latest round: $5.9 million
Total raised: $15.8 million
Tags: Accounting, enterprise, financial management, SMB
Source: NW Innovation

NUMONI
Micropayments
HQ: Singapore
Latest round: $4.8 million Series B
Total raised: Unknown
Tags: Payments, underbanked, unbanked, mobile
Source: The Paypers

bitFlyer
Bitcoin exchange
HQ: Tokyo, Japan
Latest round: $4.0 million
Total raised: $6.9 million
Tags: Cryptocurrency, virtual cash, payments
Source: Crunchbase

Scripbox
Online mutual fund investment platform
HQ: Bangalore, India
Latest round: $2.5 million Series A
Total raised: $ million
Tags: Investing, wealth management
Source: Crunchbase

CASHBOARD
Online investment management
HQ: Berlin, Germany
Latest round: $2.2 million
Total raised: Unknown
Tags: Investing, wealth management, personal finance
Source: EU Startups

Avalon Solutions
Payment processing solutions
HQ: Damascus, Maryland
Latest round: $2 million
Total raised: $5 million
Tags: Payments, acquiring, SMB, merchants, point-of-sale, POS
Source: FT Partners

PaidEasy
Mobile payments at the point-of-sale
HQ: New York City, New York
Latest round: $2 million Seed
Total raised: $2 million
Tags: Payments, point-of-sale, merchants, POS, mobile, SMB, acquiring
Source: Crunchbase

Stash
Digital investment adviser
HQ: New York City, New York
Latest round: $1.4 million Seed
Total raised: $1.4 million
Tags: Investings, savings, mobile
Source: Crunchbase

Invesdor
Equity crowdfunding platform
HQ: Finland
Latest round: $1.1 million
Total raised: $2.1 million
Tags: P2p, investing, peer-to-peer, SMB
Source: EU Startups

ToneTag
Mobile payments via audio waves
HQ: Mumbai, India
Latest round: $1 million
Total raised: Unknown
Tags: Payments, POS, point-of-sale, acquiring, merchants, SMB, contactless
Source: NFC World

Vendorin
Enabling electronic payments in B2B commerce
HQ: Omaha, Nebraska
Latest round: $900,000
Total raised: $4.9 million
Tags: Payments
Source: FT Partners

Digital Retail Apps
“Self-pay” mobile payments in-store
HQ: Toronto, Ontario, Canada
Latest round: $760,000 Seed
Total raised: $760,000
Tags: Payments, mobile, POS, point-of-sale, acquiring, SMB, merchants, Finovate alum
Source: Finovate

Money Clouds (aka Quemulus)
Goal-based savings
HQ: Bellevue, Washington
Latest round: $380,000
Total raised: $700,000
Tags: Personal finance, consumer, mobile
Source: Geekwire

Xfers
Payments platform for Southeast Asia
HQ: Singapore
Latest round: $120,000
Total raised: Unknown
Tags: Payment processing, online, mobile, merchants, SMB, API, Ycombinator (YC S15)
Source: YC

Second Measure
Applying consumer spending data to investment analysis
HQ: San Mateo, California
Latest round: $120,000
Total raised: $120,000
Tags: Y-Combinator (YC S15), investing, metrics, analytics, valuation
Source: YC

StockViews
Social investing platform
HQ: London, England, United Kingdom
Latest round: $16,000 Accelerator
Total raised: Unknown
Tags: Investments, social network, crowdsourcing, trading
Source: Finovate

SABR
Crypto-currency tracking
HQ: New York City, New York
Latest round: Unknown
Total raised: Unknown
Tags: 500 Startups (accelerator), bitcoin, security, regulation
Source: VentureBeat

—–
Image: 123RF

Another monster week in fintech. Depending on how much Stripe received in its round (at a $5 billion valuation), something north of $600 million flowed to 17 fintech companies worldwide. That closes out the month at just under $2 billion raised ($1.65 billion equity; $250 million debt), more than double the $900 million raised a year ago ($675 million equity; $225 million debt).

About 80% of the money this week ($479 million) flowed to Finovate and FinDEVr alums, our biggest week ever (not including the Lending Club IPO which raised $865 million). To put that in perspective, during all of 2014 our alums raised just over $1 billion (excludes IPOs (Yodlee, OnDeck, and Lending Club). An even more startling number: In July 2014, we had one alum funded to the tune of $27 million. During July 2015, 17 alums raised more than $750 million.

Will fintech funding go higher? It’s hard to look at the year-over-year trend and think that it will get much higher. The bigger question for startups, and their backers, is what happens after “peak fintech?” Is there a gradual decline to a sustainable level of investment, or are we witnessing a bubble, which by definition is the precursor to a bath. Given the enormous size of the financial services industry and the pent-up demand for digital services, as well as infrastructure modernization, we firmly believe in fintech’s sustainability.

Finovate and FinDEVr alums raising money this week:

• Kabbage $120 million (of rumored $150 million at $875 million valuation)*
• Twilio $130 million (at a rumored $1.1 billion valuation)*
• Behalf $119 million
• Shopkeep $60 million
• Radius $50 million
• Expensify $17.5 million

——
* Presenting at our upcoming developer event, FinDEVr 2015

Here are the 17 companies by deal size from 25 July to 31 July:

Kabbage
Alt-lender to small businesses
HQ: Atlanta, Georgia
Latest round: $120 million Series E (of rumored $150 million at $875 million valuation)
Total raised: $585 million ($357 million debt, $228 million equity)
Tags: Lending, credit, underwriting, SMB
Source: Finovate

Twilio
Cloud communications
HQ: San Francisco, California
Latest round: $130 million ($1.1 billion valuation)
Total raised: $234 million
Tags: Messaging, SMS, text messaging, marketing, VoIP, API, developers, FinDEVr presenter 2015
Source: Crunchbase

Behalf
Small-business short-term alt-lender
HQ: New York City, New York
Latest round: $119 million Series B
Total raised: $129 million
Tags: Credit, lending, underwriting, SMB, financing, factoring, receivables financing, Finovate alum
Source: Finovate

Shopkeep
iPad point of sale system
HQ: San Francisco, California
Latest round: $60 million Series D
Total raised: $97.2 million
Tags: Credit, debit cards, merchants, SMB, online, acquiring, POS
Source: Finovate

Radius
Predictive marketing technology
HQ: San Francisco, California
Latest round: $50 million Series D
Total raised: $129 million
Tags: Finovate alum
Source: Finovate

China Rapid Finance
Consumer credit marketplace in China
HQ: Shanghai, China
Latest round: $35 million Series C (at $1 billion valuation)
Total raised: $56 million
Tags: Lending, credit, underwriting, consumer loans
Source: Crunchbase

iwoca
Short-term small-biz financing
HQ: London, United Kingdom
Latest round: $20 million
Total raised: $31.5 million
Tags: Credit, alt-lending, SMB, financing, loans
Source: Crunchbase

Expensify
Expense report management
HQ: San Francisco, California
Latest round: $17.5 million
Total raised: $27.8 million
Tags: Expense reports, SMB, accounting, enterprise, strategic investor
Source: Finovate

Seedrs
Equity crowdfunding marketplace
HQ: London, United Kingdom
Latest round: $15.6 million Series A
Total raised: $22.8 million
Tags: Investing, P2P, SMB, peer-to-peer
Source: Crunchbase

Crowdcube
Debt and equity crowdfunding marketplace
HQ: Exeter, England, United Kingdom
Latest round: $9.4 million
Total raised: $13.1 million
Tags: Lending, investing, SMB, equity, loans
Source: Crunchbase

OneVest
Platform for investing in startups
HQ: New York City, New York
Latest round: $3 million Series A
Total raised: $5.3 million
Tags: Investing, SMB, wealth management
Source: Crunchbase

Cryptocurrency Research Group
Card processing
HQ: San Francisco, California
Latest round: $3 million grant
Total raised: $3 million
Tags: Bitcoin, crypto, blockchain, R&D
Source: Crunchbase

Stockal
Automated stock-trading adviser
HQ: Bangalore, India
Latest round: $160,000
Total raised: $160,000
Tags: Investing, mobile, trading
Source: Crunchbase

Buyatab
Digital giftcard solutions
HQ: Vancouver, British Columbia, Canada
Latest round: Undisclosed
Total raised: Unknown
Tags: eGift cards, SMB, prepaid card, gifting, fee income
Source: FT Partners

realbest
Online real estate platform
HQ: Berlin, Germany
Latest round: Undisclosed
Total raised: Unknown
Tags: Homeowners, mortgage, house buying
Source: FT Partners

Stripe
Online payment processing and management
HQ: San Francisco, California
Latest round: Undisclosed (less than $100 million at $5 billion valuation)
Total raised: $190+ million
Tags: Payments, credit, debit cards, API, merchants, SMB, online, acquiring, Visa (investor), American Express (investor)
Source: Crunchbase

Cognia
Payment processing for telephone-based transactions
HQ: London, England, United Kingdom
Latest round: Undisclosed
Total raised: $4.6+ million
Tags: Payments
Source: FT Partners

 

While the week got off to a slow start, the money arrived in buckets the past 48 hours. Counting the $250 million in new debt to alt-small-biz lender LiftForward, the weekly total was $454 million. But the more widely tracked equity total was still a sizable $204 million across 20 companies including three Finovate alums: Apprenda which raised an impressive $24 million; DealStruck with $10 million to fuel its small-biz lending; and Revolut bringing in $2.3 million for its mobile P2P payment service.

The biggest equity round ($50 million) went to Remedy Partners, a Connecticut-based health tech company. While not a pure fintech play, we included it here because its primary customers are the big insurers, including the U.S. government. The second biggest round was also in the insurance arena, as Sweden’s BIMA (aka Milvik) raised $38 million for its micro-insurance products in emerging markets.

Here are the deals from 18 July through 24 July 2015, ranked by size:

Remedy Partners
Bundled care and payment programs for health insurers
HQ: Darien, Connecticut
Latest round: $50 million Series B
Total raised: $86.2 million
Tags: Insurance, health care, payments, accounts receivable, accounting
Source: Crunchbase

BIMA (Milvik)
Mobile insurance provider in emerging markets
HQ: Stockholm, Sweden
Latest round: $38.4 million Series C
Total raised: $60.4 million
Tags: Insurance, mobile, underbanked, pay-as-you-go, microinsurance
Source: Crunchbase

Mswipe
Mobile point-of-sale solution for feature phones
HQ: Mumbai, India
Latest round: $25 million Series C
Total raised: Unknown
Tags: mPOS, acquiring, credit and debit cards, payments, merchants, SMB
Source: Crunchbase

Apprenda
Platform-as-a-service provider
HQ: Troy, New York
Latest round: $24 million
Total raised: $55 million
Tags: Enterprise, development platform, Finovate alum
Source: Finovate

CircleBack Lending
Consumer lending P2P marketplace
HQ: Boca Raton, Florida
Latest round: $17.5 million Series A
Total raised: $22 million
Tags: Lending, credit, consumer, loans, investing, person-to-person
Source: Crunchbase

DealStruck
Marketplace lender for small biz
HQ: Carlsbad, California
Latest round: $10 million Series B
Total raised: $69.5 million ($19.5 million equity; $50 million debt)
Tags: Lending, underwriting, loans, SMB, P2P, peer-to-peer, investing, Finovate alum
Source: Crunchbase

Innovati
Payment-acceptance technology
HQ: Bangalore, India
Latest round: $5 million
Total raised: $6.6 million
Tags: Payments, merchants, POS, point-of-sale, acquiring, SMB
Source: Crunchbase

DataFox
Discover and track companies for investing, sales
HQ: San Francisco, California
Latest round: $5 million
Total raised: $6.8 million
Tags: Investing, sales, business development
Source: Crunchbase

Procurify
Corporate-purchasing management
HQ: Richmond, British Columbia, Canada
Latest round: $4 million
Total raised: $5.2 million
Tags: Purchasing, expense management, expense reports, accounts payable, accounting
Source: Crunchbase

Bitx
Bitcoin wallet and payments
HQ: Singapore
Latest round: $4 million
Total raised: $4.8 million
Tags: Digital wallet, bitcoin, blockchain, mobile, payments, South Africa (market)
Source: FT Partners

Limelight Health
Sales tools for insurance agents
HQ: California City, California
Latest round: $3 million Series A
Total raised: $3 million
Tags: Healthcare, insurance, brokers, sales, quotes
Source: Crunchbase

Mint Payments
Mobile point-of-sale system
HQ: Sydney, Australia
Latest round: $2.9 million
Total raised: Unknown
Tags: mPOS, SMB, payments, cards, acquiring, merchants
Source: FT Partners

Investorist
Investing and selling platform for raw land property
HQ: Melbourne, Australia
Latest round: $2.5 million Seed
Total raised: $2.5 million
Tags: Real estate, investing, off-the-plan property, B2B, SMB, enterprise
Source: Crunchbase

Revolut
P2P mobile payments and remittances
HQ: London, England, United Kingdom
Latest round: $2.3 million Seed
Total raised: $2.8 million
Tags: Payments, fx, remittance, mobile, prepaid debit card, Finovate alum
Source: Finovate

MoneyMover
Remittance provider
HQ: Cambridge, England, United Kingdom
Latest round: $1.6 million
Total raised: Unknown
Tags: Payments, fx, SMB, funds transfer
Source: FT Partners

Fortress Risk Management
Enterprise risk-management services for financial institutions
HQ: South Glastonbury, Connecticut
Latest round: $1 million
Total raised: $5.1 million
Tags: Security, enterprise, business intelligence, compliance, ERM, fraud protection
Source: Crunchbase

Factom
Using the blockchain for managing records
HQ: Austin, Texas
Latest round: $1 million Series A
Total raised: $1.1 million
Tags: Bitcoin, blockchain, cryptocurrency
Source: Crunchbase

Self Lender
Credit-building service
HQ: Austin, Texas
Latest round: $500,000 Seed
Total raised: $2.6 million
Tags: Lending, loans, consumer, credit score, underwriting
Source: Crunchbase

Bankers Toolbox
Risk and compliance management for financial institutions
HQ: North Hollywood, California
Latest round: Undisclosed
Total raised: Unknown
Tags: Compliance
Source: FT Partners

Cermati
Indonesian consumer financial services hub
HQ: Jakarta, Indonesia
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, lead generation, advertising, deposits, credit
Source: Crunchbase

——-

Debt only

LiftForward
Alt-lender to small- and mid-sized businesses
HQ: New York City, New York
Latest round: $250 million Debt
Total raised: $261.3 million ($2.3 million equity, $259 million debt)
Tags: Lending, credit, SMB
Source: Crunchbase

Argos Risk
Credit risk management tools for small businesses
HQ: Minneapolis, Minnesota
Latest round: $200,000 Debt
Total raised: $2 million
Tags: SMB, accounts receivables, trade finance, underwriting
Source: Crunchbase

———

Photos licensed from 123RF.com

We published our first fintech unicorn list in April 2014 with a mere 11 companies. Just 15 months later, that number is up four-fold to 46. And it’s 11 more than our update two months ago (13 new unicorns less 2 falling out). Time will tell whether these valuation bets are temporary insanity from private investors or the beginning of a long cycle of re-imagining financial services. We’ll get back to you on that.

Please note: Our list includes financial technology companies (either direct services or software) founded since 2000 and valued at $900 million or more. Unlike other lists, we include exits (3 companies); public companies (5); real estate plays (2); and a few Finovate alums (3) that are not pure-play fintech, but do have substantial operations in that vertical. Without those additions, there would be 35 pure-play private fintech unicorns, or 29 if you used a strict $1 billion floor. See more caveats as the end of the post.

In addition to the 46 full-fledged unicorns, we’ve added 37 narwhals or semi-unicorns each with an estimated value of $500 million to $800 million. In total, there are 83 companies with a combined value of $121 billion, about 1/3 the most-valued bank on the planet.

Here is the breakdown by fintech sector:

Sector	Unicorns	Semi-U	Total
Lending	14	10	24
Payments	15	7	22
Real estate	2	5	7
Insurance	4	1	5
Investing	1	4	5
Accounting	3	0	3
Security/Risk	1	2	3
Bitcoin/Block	1	2	3
Credit reports	1	1	2
Digital banking	1	1	2
Other	3	4	7
Total	46	37	83

 

And the full list (*new arrivals; **previous unicorns):

Company	Sector	Finovate Alum?	Value ($Bil)	Value Source
Lufax	Lending	No	9.6	WSJ June 2015
Zhong An Online*	Insurance	No	8.0	WSJ June 2015
Square	Payments	No	6.0	WSJ June 2015
LendingClub	Lending	Yes	5.6	Public
Zillow	Real estate	No	4.8	Public
Zenefits	Insurance	No	4.5	May 2015 round
CreditKarma	Credit	Yes	3.5	WSJ June 2015
Stripe	Payments	No	3.5	Dec 2014 round
Powa Technologies	Payments	Yes	2.7	Nov 2014 round
Klarna	Payments	Yes	2.5	Mar 2014 round
Xero	Accounting	Yes	2.4	Public
CommonBond	Lending	No	<1.0	Valuation less than $1 bil per company (8/21/15)
One97	Payments	No	2.0	Feb 2015 round
Prosper	Lending	Yes	1.9	Apr 2015 round
Affirm*	Lending	No	1.8	Funderbeam
Biz2Credit	Lending	No	1.7	Funderbeam
Dataminr*	Analytics	Yes	1.6	Funderbeam
Lakala*	Payments	No	1.6	CB Insights
Adyen	Payments	No	1.5	Dec 2014 round
FinancialForce.com	Accounting	No	1.5	Funderbeam
Oscar	Insurance	No	1.5	WSJ June 2015
Wonga*	Lending	Yes	1.5	Funderbeam
Zuora	Payments	No	1.5	Funderbeam
iZettle	Payments	No	1.4	Funderbeam
Housing.com	Real estate	No	1.3	Funderbeam
Qufenqi	Lending	No	1.3	Funderbeam
Revel Systems	Payments	No	1.3	Funderbeam
Social Finance (SoFI)	Lending	No	1.3	Feb 2015 round
Jimubox	Lending	No	1.1	Funderbeam
Q2*	Banking	Yes	1.1	Public
Coupa Software*	Accounting	No	1.0	CB Insights
Fenergo*	Onboarding	Yes	1.0	Funderbeam
FundingCircle	Lending	No	1.0	WSJ June 2015
Kofax	Doc mgmt	Yes	1.0	Acquired (Lexmark)
Mozido	Payments	No	1.0	Finovate est
TransferWise	Payments	Yes	1.0	CB Insights
Trusteer	Security	No	1.0	Acquired (IBM)
Vanco Payments*	Payments	No	1.0	Funderbeam
Avant	Lending	Yes	0.9	Forbes (4/15)
ClimateCorp	Insurance	No	0.9	Acquired (Monsanto)
Coinbase	Bitcoin	Yes	0.9	Funderbeam
Dynamics*	Payments	Yes	0.9	Funderbeam
IEX Group	Investing	No	0.9	Funderbeam
LendingHome*	Lending	No	0.9	Funderbeam
On Deck	Lending	Yes	0.9	Public
RenRenDai Xoom	Lending Payments	No No	0.9 0.9	Funderbeam Acquired (PayPal)
Total Unicorns			98.1
Near Unicorns
21 Inc	Bitcoin	No	0.8	Funderbeam
BankBazaar*	Banking	Yes	0.8	Funderbeam
Betterment	Investing	Yes	0.8	Funderbeam
Braintree	Payments	Yes	0.8	Acquired (PayPal)
LifeLock**	Credit	No	0.8	Public
Rong360	Lending	No	0.8	Funderbeam
Wealthfront	Investing	Yes	0.8	Funderbeam
Accurate Group	Real estate	No	0.7	Funderbeam
App Annie**	Mobile	Yes	0.7	Funderbeam
Auction.com*	Real estate	No	0.7	Funderbeam
Ayadsi	Analytics	Yes	0.7	Funderbeam
Oportun (Progreso Fin)	Lending	Yes	0.7	Finovate est
Taulia	Payments	Yes	0.7	Funderbeam
WorldRemit	Payments	Yes	0.7	Funderbeam
AnJuke	Real estate	No	0.6	Funderbeam
Circle Internet Finance	Bitcoin	No	0.6	Funderbeam
EzBob	Lending	Yes	0.6	Funderbeam
FangDD	Real estate	No	0.6	Funderbeam
Kabbage	Lending	Yes	0.6	Funderbeam
Bill.com	Payments	Yes	0.5	Finovate est
CAN Capital	Lending	Yes	0.5	Finovate est
Cardlytics	Marketing	Yes	0.5	Funderbeam
Credorax	Payments	No	0.5	Funderbeam
Financial Software Systems	Risk Mgmt	No	0.5	Finovate est
FreeCharge	Payments	No	0.5	Finovate est
Kreditech	Lending	Yes	0.5	Finovate est
Motif Investing	Investing	Yes	0.5	Funderbeam
Ping Identity	Security	Yes	0.5	Finovate est
PolicyBazaar	Insurance	Yes	0.5	Funderbeam
Radius	Marketing	Yes	0.5	Finovate est
Receivables Exchange	Lending	Yes	0.5	Finovate est
Snowball Finance	Investing	No	0.5	Funderbeam
Strategic Funding Source	Lending	Yes	0.5	Finovate est
U51	Lending	No	0.5	Finovate est
Wepay	Payments	Yes	0.5	Funderbeam
VivaReal	Real estate	No	0.5	Funderbeam
Zopa Shopkeep	Lending Mobile POS	Yes Yes	0.5 0.5	Finovate est Finovate est
Total Semi-U			23
Grand Total			121

*New companies and/or new unicorns
**Falling from unicorn list (note: Lifelock was a unicorn until yesterday’s stock drop)
Updates:
July 24: Added Xoom to Unicorn list based on acquisition price paid by PayPal
July 28: Added Shopkeep POS to Near Unicorn list based on $60 million Series D funding and total of $97 million raised
Aug 21: CommonBond emailed to say that the Funderbeam valuation ($2.0 billion) is incorrect and they are currently valued at less than $1 billion (but declined to disclose current valuation).

More caveats:

1. For private companies (41 of the 47 unicorns), values are hugely dependent on the terms of the deal (read this), so they are not comparable to public company valuations.
2. About half the unicorn valuations are derived from public statements by the companies or investors during recent rounds or acquisitions. However, half are estimated by analysts/algorithms from tracking firms, especially Funderbeam, an Estonian startup that’s relatively new on the scene. So there is a lot of room for error in these valuations.
3. For the “near-unicorn” list we’ve added a number of companies that recently raised large rounds, but have not made public statements about valuation. We estimated most of those at $500 million, but those are simply educated guesses.
4. We are using a broad definition of fintech including real estate. Also, we’ve included a few Finovate alums that are not pure-play fintech, but that have a significant financial services business.