Funding Archives - Page 81 of 88

Alt-Lender EZBOB Deepens Pockets by $46 Million

By Julie Muhn (@julieschicktanz) Posted on April 24, 2015
Categories: EZBOB, Funding, Wonga

U.K.-based alternative lending company EZBOB this week announced it pulled in $46 million in funding. The full amount of the Series C round was supplied by Oaktree Capital and brings the company’s total funding to $66.5 million.

According to The Telegraph, EZBOB will use the new funds to refinance existing debt and increase its loan offerings to small businesses.

This is the company’s second large announcement this year. In February, EZBOB purchased Everline, Wonga’s lesser-known small business finance arm. Both EZBOB and Everline are now rolled up underneath an umbrella group, Orange Money.

Combined, the two companies have furnished U.K.-based SMEs with more than 6,000 loans totaling $83+ million.

Orange Money, which offers an average interest rate of 16%, does not view its services as competitive toward traditional banks. Orange Money CEO Tomer Guriel says, “We’re complementary to the banks and are there to provide access to capital for business owners that have been rejected by their bank.”

EZBOB demonstrated its online application process at FinovateEurope 2014 in London. Wonga debuted its iPhone app at FinovateFall 2010 in New York.

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Fintech Fundings: 18 Companies Raise a Cool $1 Billion Week Ending April 24

By Jim Bruene Posted on April 23, 2015
Categories: Funding

money_tree The alternative lending sector, especially in China, is soaking up funds at an unprecedented pace. This week alone, more than $750 million went to startup lenders, 80% earmarked to China (Lufax $485 million and Jimubox $84 million), while Funding Circle (London, $150 million), EZBob (London, $45 million), Smava (Germany, $16 million), and Assetz (London, $4.5 million) rounded out the sector’s inflow.

Across the total fintech sector, 18 companies raised $1.03 billion this week. And three new unicorns were officially unveiled: Lufax, Funding Circle, and Oscar, a U.S. health insurance startup.

In addition to EZBob ($45 million), two other Finovate alums brought in new cash this week: eToro which added $12 million to its already-announced $27 million round and SigFig took in another $1 million.

Here are the fintech funding rounds by size between 18 April and 23 April:

Lufax
P2P consumer loans
HQ: Shanghai, China
Latest round: $485 million (at $10 billion valuation)
Total raised: Unknown
Tags: Peer-to-peer lending, crowdfunding, investing, Ping An Insurance (investor)
Source: Wall Street Journal

Funding Circle
P2P consumer loans
HQ: London, United Kingdom
Latest round: $150 million Series E (at $1 billion valuation)
Total raised: $273.2 million
Tags: Crowdfunding, loan marketplace, peer-to-peer, unicorn, P2P, underwriting, investing
Source: Crunchbase

Oscar
Health insurance
HQ: New York City, New York
Latest round: $145 million Series A (at $1.5 billion valuation)
Total raised: $295 million
Tags: Insurance, analytics, healthcare, medical payments
Source: Crunchbase

Jimubox
P2P small business & consumer loans
HQ: China
Latest round: $84 million Series C
Total raised: $131.2 million
Tags: SMB, peer-to-peer lending, underwriting, investing
Source: FT Partners

EZBob
P2P small business loans
HQ: London, United Kingdom
Latest round: $45 million
Total raised: $66.5 million (which includes $11 million of debt)
Tags: Crowdfunding, marketplace lender, underwriting, SMB, investing, Finovate alum
Source: Crunchbase

CompareAsia
Asian financial comparison site
HQ: Hong Kong, China
Latest round: $40 million Series A
Total raised: $46 million
Tags: Financial lead generation, sales, insurance, banking, investing, MoneyHero, MoneyMax, MoneyGuru, Money101, SingSaver, MoneyHalo (brand names)
Source: Crunchbase

Perseus
High-speed global network for trading and other financial services
HQ: New York City, New York
Latest round: $20.5 million
Total raised: $20.5 million
Tags: Network, connectivity, trading, infrastructure, Goldman Sachs (investor)
Source: Crunchbase

Smava
P2P consumer loans
HQ: Berlin, Germany
Latest round: $16 million Series B
Total raised: $29.1 million
Tags: Loan marketplace lender, underwriting, investing
Source: FT Partners

Gravie
Health insurance services for employers
HQ: Minneapolis, Minnesota
Latest round: $12.5 million Series B
Total raised: $25.6 million
Tags: Enterprise, employee benefits, health insurance
Source: FT Partners

eToro
Social trading and investment network
HQ: Limassol, Cyprus
Latest round: $12 million (addition to $27 million round in Nov 2014 of which $10 million is debt)
Total raised: $72.9 million
Tags: Trading, sharing, currency, fx, investment management, investing, CommerzBank (investor), Silicon Valley Bank (creditor), Finovate alum
Source: Finovate

SureCash
Mobile banking platform in Bangladesh
HQ: Bangladesh
Latest round: $7 million Series B
Total raised: $7+ million
Tags: Mobile banking, payments, Hong Kong (investor)
Source: Crunchbase

Assetz Capital
P2P business loans
HQ: London, United Kingdom
Latest round: $4.5 million
Total raised: $4.5 million
Tags: Lending, crowdfunding, peer-to-peer, SMB, underwriting, investing
Source: Crunchbase

Cardfree
Mobile point-of-sale technology
HQ: Scottsdale, Arizona
Latest round: $4 million Series
Total raised: $14 million
Tags: Merchants, payments, acquiring, mobile, POS
Source: FT Partners

OpenFin
Financial services development platform
HQ: New York City, New York
Latest round: $3 million Series B
Total raised: $9.6 million
Tags: Development tools, desktop financial services, investment management, IT
Source: Crunchbase

New Media Insight
Mobile payments (mPaay)
HQ: Phoenix, Arizona
Latest round: $2 million
Total raised: $2 million
Tags: Payments, SMB, acquiring, mobile
Source: FT Partners

CoinTent
Micropayments
HQ: San Francisco, California
Latest round: $1.1 million Seed
Total raised: $1.1 million
Tags: Payments, mobile, micropayments, SMB, digital content
Source: Crunchbase

SimplyInsured
Group health insurance quotes
HQ: San Francisco, California
Latest round: $1 million Seed
Total raised: $1.8 million
Tags: Insurance, healthcare, SMB, lead gen, Y Combinator
Source: Crunchbase

SigFig
Online portfolio/investment manager
HQ: San Francisco, California
Latest round: $1 million Series
Total raised: $16 million
Tags: Robo-adviser, ETF, asset allocation, investing, Finovate alum
Source: Finovate

——–

Related
Not a technology company, but a part of the fintech ecosystem (not included in total funding amount)

untapt
Fintech software developer recruiter
HQ: New York City, New York
Latest round: $3.1 million Series A
Total raised: $4.2 million
Tags: Developers, builders, recruiting, headhunter
Source: Crunchbase

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SigFig Brings on New Advisory Board Members and $1 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on April 23, 2015
Categories: Funding, SigFig

Robo-adviser platform SigFig today announced it added five members to its advisory board. Four of the new board members are investors in Nyca Partners, which furnished the San Francisco-based company with $1 million in new funding.

SigFig founder and CEO Mike Sha says he is more excited about the connections that Nyca has to offer than the funding it supplied.

SigFig, launched in 2007 as Wikinvest, has since garnered a total of $30 million in funding.

According to SF Gate, SigFig tracks around $350 billion in assets for its users. The company declined to comment on its total amount of assets under management.

SigFig demonstrated its automated investment platform at FinovateFall 2011.

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Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on April 17, 2015
Categories: Funding, Yoyo

U.K.-based Yoyo announced a $10 million Series A round of funding today, bringing the startup’s total to $15 million. The round was led by Imperial Innovations, an affiliate of Imperial College, where Yoyo piloted its mobile payments app. Investors Taavet Hinrikus, Philip Riese, and Michael Tobin also contributed.

The startup will use the funding to bolster engineering and expand its team.

Yoyo also plans to expand internationally and hopes to launch at five U.S.-based colleges by the end of 2015. Yoyo piloted operations at Imperial College in London. The mobile wallet is now available at 15 other British universities, where Yoyo payments total up to 50% of all transactions on campus.

Yoyo’s platform, which is aimed at closed environments such as universities and airlines, sees 150k transactions per month. This earns it a spot as one of Britain’s largest mobile wallets, second only to Starbucks’ payment app.

The mobile payments app boasts convenience, and its built-in reward system keeps customers coming back. Yoyo has a stickiness rate of 80% and, on average, its users spend more than non-users.

We covered Yoyo in our Finovate Debuts series earlier this year. The company unveiled its mobile wallet technology at FinovateEurope 2015 in London.

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Fintech Fundings: 18 Companies Raise $700 Million Week Ending April 17

By Jim Bruene Posted on April 17, 2015
Categories: Funding

Once again alt-lending dominated the dollar volumes flowing into fintech accounting for close to a half-billion this week. The majority ($400 million) went to Chicago-based Avant. We should note that with all the money flowing to alternative lending, it’s getting a bit harder to classify the funding between a lending pledge, straight debt, traditional equity or a hybrid.

On the equity front, a good variety of firms were funded from billpay, ranging from remittances and insurance to direct banking.

Five Finovate alums took in a total of $35 million:

$10.7 million to CurrencyFair
$10 million to Yoyo
$9.5 million to Interactions
$3.2 million to MoneyStream
$1.2 million to StockTwits

In total, 18 private fintech companies raised $695 million, at least $450 million was debt and $245 million was equity. Here are the deals from April 11 to 17 by size:

Avant
Direct online lender
HQ: Chicago, Illinois
Latest round: $400 million Debt
Total raised: $1.4 billion ($350 million equity; $1.05 billion debt)
Tags: management, investing
Source: Crunchbase

PrimeRevenue
Supply-chain financing marketplace
HQ: Atlanta, Georgia
Latest round: $80 million Private Equity
Total raised: $91.6 million
Tags: Lending, SMB, factoring, investing
Source: Crunchbase

Applied Data Finance
Lending to underbanked via Personify Financial Services
HQ: New York City
Latest round: $50 million Debt + undisclosed equity
Total raised: Unknown
Tags: Data analytics, underbanked, lending, underwriting, consumer credit
Source: Crunchbase

PolicyBazaar
Indian insurance-comparison portal
HQ: Gurgaon, India
Latest round: $40 million Series D
Total raised: $69.6 million
Tags: Insurance
Source: Crunchbase

Billtrust
B2B invoicing and payments
HQ: Hamilton, New Jersey
Latest round: $25 million Series C
Total raised: $54 million
Tags: SMB, invoicing, billpay, bill payment, accounts receivable, accounts payable
Source: FT Partners

Acorns
Saving and investing app
HQ: Newport Beach, California
Latest round: $23 million Series C
Total raised: $32 million
Tags: management, investing
Source: FT Partners

InGo Money (formerly Chexar Networks)
Mobile money movement and card reloads
HQ: Roswell, Georgia
Latest round: $13.5 million
Total raised: $21.9 million
Tags: management, investing
Source: FT Partners

CurrencyFair
Remittances and foreign exchange
HQ: Dublin, Ireland
Latest round: $10.7 million Series A
Total raised: $15.4 million
Tags: Fx management, funds transfer, international money exchange, Finovate alum
Source: Finovate

Number26
German direct bank startup
HQ: Berlin, Germany
Latest round: $10.7 million Series A
Total raised: $12.7 million
Tags: Banking, mobile, neo-bank, direct bank, branchless
Source: Crunchbase

Yoyo
Mobile wallet
HQ: London, United Kingdom
Latest round: $10 million Series A
Total raised: $15 million
Tags: Mobile, payments, credit cards, debit cards, Finovate alum
Source: Crunchbase

Money360
Commercial real estate loan marketplace
HQ: Ladera Ranch, California
Latest round: $10 million
Total raised: $13 million ($11 million equity; $2 million debt)
Tags: Lending, credit, real estate, commercial mortgage, investing, P2P, crowdfunding
Source: P2P-Banking.com

Interactions
Customer service technology
HQ: Franklin, Massachusetts
Latest round: $9.5 million
Total raised: $110+ million
Tags: Service, call center, mobile, speech recognition, biometrics, security, Finovate alum
Source: Crunchbase

TouchBistro
Mobile POS system for restaurants
HQ: New York City, New York
Latest round: $6 million Series A
Total raised: $12 million
Tags: Mobile, point-of-sale, credit/debit card, acquiring, merchants, SMB
Source: FT Partners

MoneyStream
Money and bill management
HQ: Los Gatos, California
Latest round: $3.2 million Series A
Total raised: $3.2 million
Tags: Billpay, PFM, payments, money management, H&R Block (investor), Finovate alum
Source: Finovate

Ascend Consumer Financial
Loan comparison and rewards
HQ: San Francisco, California
Latest round: $1.5 million Seed
Total raised: $1.5 million
Tags: Lending, rewards, underwriting, credit, loans, lead generation, consumer
Source: Crunchbase

StockTwits
Investment sentiment analysis
HQ: New York City, New York
Latest round: $1.2 million
Total raised: $9.8 million
Tags: Investing, analytics, mobile, Twitter, Finovate alum, FinDEVr alum
Source: FT Partners

CommonLedger
Accounting data-aggregation tool
HQ: Wellington, New Zealand
Latest round: $1 million Seed
Total raised: $1 million
Tags: Accounting, metrics, data analysis
Source: Crunchbase

FriendlyScore
Alternative credit score
HQ: London, United Kingdom
Latest round: $375,000 Seed
Total raised: $395,000
Tags: Lending, underwriting, credit scoring, data analytics
Source: Crunchbase

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MoneyStream Launches to Public, Receives $3.2 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on April 17, 2015
Categories: Funding, MoneyStream

MoneyStream not only launched its bill pay-focused PFM platform in the U.S. today, but also received its first round of funding.

The $3.2 million round was led by 60-year-old H&R Block, and marks only the second time the tax and accounting company has invested in a startup. H&R Block’s first investment was in 2011 when it furnished an undisclosed amount to Wipit, which demonstrated its Boost Mobile Wallet at FinovateSpring last year.

Bruno Bowden and Kim Polese also contributed to MoneyStream’s Series A round.

MoneyStream helps consumers avoid late payments and overdraft fees by providing cash- and bill-management tools enabling them to look ahead and make financial predictions. The startup analyzes historical account activity to predict their future balance and alert them if they could come up short. In addition to offering a single place to view all bills, the free service also enables users to pay bills directly from MoneyStream’s platform.

Founded in 2012, the company debuted at FinovateFall 2014 in New York. Mike Bertrand is CEO.

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CurrencyFair Springs $10.7 Million More in Funding

By Julie Muhn (@julieschicktanz) Posted on April 16, 2015
Categories: CurrencyFair, Funding

Q: Why is Ireland a great place to invest?
A: Because their capital is always Dublin’

Jokes aside, currency-exchange marketplace CurrencyFair received its recent $10.7 million (€10 million) in funding for a deeper reason than its Irish roots. Octopus Investments led the round and previous investor, Frontline Ventures, also contributed.

The Series A installment comes after five angel rounds, a venture round, and a seed round, and brings the company’s total funding to $15.4 million. The company plans to use the funding to expand with the growing market and broaden its focus beyond the European and Asia Pacific regions in which it already operates.

Founded in 2009, CurrencyFair functions on a P2P exchange model, whereby consumers negotiate their own exchange rate with others who seek the opposite exchange. CurrencyFair’s exchange platform occasionally beats the interbank exchange rate, since the P2P model insulates consumers from currency-exchange fees.

CurrencyFair competitor, TransferWise, has raised just over $58 million and recently announced a partnership with cloud-based accounting company Xero.

Brett Meyers is CEO and co-founder of CurrencyFair. The company debuted its iPhone app at FinovateEurope 2013 in London.

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Prosper Pulls in $165 Million in Funding, Boosting Valuation to $1.9 Billion

By Julie Muhn (@julieschicktanz) Posted on April 10, 2015
Categories: Funding, Prosper

P2P lending company Prosper brought in $165 million in Series D financing yesterday. This doubles the company’s valuation to $1.9 billion, and classifies it as a fintech unicorn—a private company worth more than $1 billion.

The investment was led by Credit Suisse NEXT. Investors also include financial institutions and venture capital firms:

USAA
SunTrust Bank
J.P. Morgan Asset Management
BBVA
Neuberger Berman Private Equity Funds
Passport Capital
Breyer Capital

Founded in 2006, Prosper raised its first round of funding in 2005 to the tune of $7.5 million. Prior to this week’s installment, the company’s funding totaled $190 million; the San Francisco-based company’s funding now totals $355 million.

Three of the financial institutions that furnished the financing, USAA, BBVA, and SunTrust, are in talks with Prosper to co-brand loans for their customers. The company’s competitor, Lending Club, has been co-branding loans with Union Bank since May 2014 and with Bank Alliance community bank members since February 2015.

Prosper facilitated $1.6 billion in loan origination in 2014. This is four times what it did the year prior and more than half of its total $3 billion since launching in 2006.

Prosper plans to use the funding to expand beyond debt consolidation loans into healthcare lending.

Competitor Lending Club went public last December with an IPO that initially valued it around $8 billion. Its current market cap is $6.9 billion. Lending Club has issued $7.6 billion in consumer loans since launching in 2006.

While both companies are similar, Prosper is working hard to differentiate itself. The company, which offers unsecured consumer loans ranging from $2,000 to $35,000, states it has no intent to enter small-business lending. Meanwhile, competitor Lending Club launched its small-business segment, which enables companies to borrow up to $300,000, in March of 2014. According to American Banker, instead of extending financing to small businesses, Prosper plans to focus on finding a partner to help it expand into South America or Asia.

Prosper last demonstrated at FinovateSpring 2009 in San Francisco.

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Fintech Fundings: 16 Companies Raise $470 Million Week Ending April 10

By Jim Bruene Posted on April 10, 2015
Categories: Funding

The second quarter is off to a big start as charter Finovate alum Prosper raised $165 million at a valuation near $2 billion. In comparison, recently public competitor Lending Club is currently trading at a $6.8 billion valuation. Finovate alums Zen Payroll ($60 million), PayNearMe ($14.7 million) and Patch of Land ($23.6 million) also brought in 8-figure rounds. In addition, two Finovate alums were acquired: Authentify by Early Warning and SaveUp by a single investor. All told, Finovate alums attracted more than $260 million in VC funding, our alumni’s best week ever (excluding IPOs).

In total, 16 fintech companies raised $467 million. That’s the fourth biggest week (excluding IPOs) since we began tracking in August.

Here are the fundings from 5 April through 10 April 2015 in order of size:

Prosper
Consumer marketplace lender
HQ: San Francisco, California
Latest round: $165 million Series D; $1.9 billion valuation
Total raised: $355 million
Tags: Lending, credit, peer-to-peer consumer loans, investing, Finovate charter alum
Source: Finovate

Qufenqi
Chinese marketplace with purchases made on installment plan
HQ: Bejing, China
Latest round: $100 million Series D
Total raised: $125 million
Tags: Installment lending, credit, underwriting, ecommerce, payments
Source: Crunchbase

ZenPayroll
Online payroll management
HQ: San Francisco, California
Latest round: $60 million Series B; $550 million valuation
Total raised: $86.1 million
Tags: SMB, human resources management, payroll, payments, Finovate alum
Source: Finovate

WealthSimple

DIY wealth management using ETFs

HQ: Toronto, Ontario, Canada
Latest round: $30 million

Total raised: $31.9 million

Tags: Wealth management, investing, roboadviser, Toronto, Canada

Source: Crunchbase

MobiQwik

Indian mobile wallet
HQ: New Delhi, India
Latest round: $25 million Series B
Total raised: $30 million
Tags: Payments, mobile, wallet
Source: TechCrunch

Patch of Land
Crowdfunding real estate
HQ: Los Angeles, California
Latest round: $23.6 million Series A
Total raised: $24.9 million
Tags: P2P lending, peer-to-peer credit, real estate, investing, mortgage, Finovate alum
Source: Finovate

PayNearMe
Risk management for P2P lending
HQ: Sunnyvale, California
Latest round: $14.7 million Series F
Total raised: $71.2 million
Tags: Payments, underbanked, cash, Finovate alum
Source: Crunchbase

AssetAvenue
Commercial real estate marketplace lender
HQ: Los Angeles, California
Latest round: $11 million Series A
Total raised: $14 million
Tags: Commercial property, mortgage, lending, credit, underwriting, investing
Source: FT Partners

RealtyShares
Real estate marketplace lender
HQ: San Francisco, California
Latest round: $10 million Series A
Total raised: $11.9 million
Tags: Lending, real estate, mortgage, credit, crowdfunding, P2P, investing
Source: Crunchbase

Dealstruck
Lending marketplace for small business
HQ: Carlsbad, California
Latest round: $8.3 million Series A
Total raised: $9.5 million
Tags: Lending, SMB, underwriting, credit, Finovate alum
Source: Finovate

ApplePie Capital
Crowdfunding for the franchise industry
HQ: San Francisco, California
Latest round: $6 million Series A
Total raised: $11.8 million
Tags: P2P lending, SMB, peer-to-peer, underwriting, credit, investing
Source: FT Partners

PeerIQ
Risk management for P2P lending
HQ: New York City
Latest round: $6 million Seed
Total raised: $6 million
Tags: Marketplace lending, enterprise, peer-to-peer lending, underwriting, risk management
Source: Crunchbase

Estimize
Aggregates stock analyst forecasts
HQ: New York City
Latest round: $3 million Series B
Total raised: $5.6 million
Tags: Investing, research, analysts, Wall Street
Source: Crunchbase

Crowd2Fund
Small business marketplace lender
HQ: California
Latest round: $3 million Series A
Total raised: $3 million
Tags: P2P, SMB, lending, debt, equity, underwriting, investing
Source: The Paypers

Praesidio
Cybersecurity for the banking industry
HQ: Seattle, Washington
Latest round: $1.7 million Seed
Total raised: $1.7 million
Tags: Security, fraud protection
Source: Crunchbase

Elorus
Greek online invoicing platform
HQ: Greece
Latest round: $55,000 Seed
Total raised: $55,000
Tags: Accounting, billing, accounts receivables
Source: Crunchbase

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Fintech Fundings: 13 Companies Raise $120 Million Week Ending April 3, 2015

By Jim Bruene Posted on April 2, 2015
Categories: Funding

The first quarter ended with a flourish of funding as 13 companies raised new funds ranging from $810,000 to $60 million. The total intake was $123 million, of which about half was the $60 million in debt raised by FinovateSpring15 presenter Yapstone. In addition, two Finovate crowd favorites were acquired this week: Toopher by SalesForce and ReadyForZero by Avant.

All told, about $770 million poured into the sector in March, a heady $9 billion run-rate (see previous weekly funding reports).

Here are the deals from 28 March through 2 April 2015 ranked by deal size:

Yapstone
Online and mobile payments
HQ: Walnut Creek, California
Latest round: $60 million (debt)
Total raised: $113.4 million ($53.4 million equity, $60 million debt)
Tags: Payments, mobile, Comerica Bank (investor/lender), FinovateSpring 2015 presenter
Source: Finovate

RateSetter
Consumer marketplace lender
HQ: London, United Kingdom
Latest round: $30 million
Total raised: $45 million
Tags: P2P, peer-to-peer lending, credit, underwriting, investing
Source: Crunchbase

Companisto
German equity crowdfunding platform for startups
HQ: Berlin, Germany
Latest round: $8 million
Total raised: $13 million
Tags: Crowdfunding, investing, SMB, startups
Source: Crunchbase

MyCheck
Automatic payment system catering to restaurant customers
HQ: Tel Aviv, Israel
Latest round: $5 million
Total raised: $11.1 million
Tags: Payments, mobile, SMB, restaurants
Source: Crunchbase

PeerNova
Blockchain technology
HQ: San Jose, California
Latest round: $5 million
Total raised: $19 million (includes unspecified amount of debt)
Tags: Bitcoin, virtual currency, cryptocurrencies, Overstock.com (investor)
Source: FT Partners

EZBOB
Online small business lender
HQ: London, United Kingdom
Latest round: $4.5 million
Total raised: $26 million
Tags: Loans, credit, SMB, underwriting, Finovate alum
Source: Finovate

Lendix
French marketplace lender for business loans
HQ: Paris, France
Latest round: $3.5 million
Total raised: $3.5 million
Tags: SMB, peer-to-peer lending, underwriting, credit, investing
Source: FT Partners

Bitt
Caribbean cryptocurrency exchange
HQ: Christ Church, Barbados
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Bitcoin, blockchain, virtual currency
Source: Crunchbase

Scutify
Social network for investors
HQ: New York City, New York
Latest round: $1.5 million
Total raised: $2.5 million
Tags: Investing, information, traders, advice
Source: Crunchbase

Ittavi
Automates child-care payments with its SupportPay service
HQ: Santa Clara, California
Latest round: $1.5 million
Total raised: $2.6 million
Tags: Payments, automation, billpay, legal
Source: FT Partners

Gem
Bitcoin API provider
HQ: Venice, California
Latest round: $1.3 million
Total raised: $3.6 million
Tags: Cryptocurrency, developers, bitcoin
Source: Coinbase

PayNova
Swedish online payments provider
HQ: Stockholm, Sweden
Latest round: $810,000
Total raised: $810,000
Tags: Payments, mobile, online
Source: FT Partners

PPDai
Chinese-consumer marketplace-lender
HQ: Shanghai, China
Latest round: Undisclosed
Total raised: At least $70 million
Tags: Loans, consumer, lending, underwriting, P2P, peer-to-peer, investing
Source: Crunchbase

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Fintech Fundings: 19 Companies Raised $180 Million Week Ending March 27

By Jim Bruene Posted on March 27, 2015
Categories: Funding

It was a busy week as both Barclay’s Accelerator and YC announced their newly funded companies. In total, 19 companies announced new fundings bringing in a total of $181 million. Two of the top-3 deals involved Finovate alums with Ayadsi pulling in $55 million, Lendio $20.5 million, and Advanced Merchant Payments (undisclosed).

In addition, two Finovate alums were acquired at what appears to be profitable outcomes:

Kofax was acquired by printing giant Lexmark for $1 billion (post)
Learnvest was bought by mega-insurer Northwestern Mutual for a reported $250+ million (post)

Here are the fundings from March 21 to 27, in order of deal size:

LendingHome
Platform for investing in rental real estate
HQ: San Francisco, California
Latest round: $78 million
Total raised: $98 million
Tags: Home lending, mortgage, real estate
Source: Crunchbase

Ayadsi
Data analytics
HQ: Menlo Park, California
Latest round: $55 million
Total raised: $106.3 million
Tags: Big data, analytics, machine learning, Finovate alum
Source: Finovate

Lendio
Online small business lender
HQ: South Jordan, Utah
Latest round: $20.5 million
Total raised: $33 million (includes $2 million in debt)
Tags: SMB, lending, underwriting, credit, loans, Finovate alum
Source: Finovate

Property Partner
Platform for investing in rental real estate
HQ: London, UK
Latest round: $7.7 million
Total raised: $9.8 million
Tags: Real estate investing, marketplace lending, crowdfunding, P2P
Source: Crunchbase

Dream Payments
Canadian mobile payments startup
HQ: Toronto, Canada
Latest round: $6 million
Total raised: $6 million
Tags: Mobile payments, SMB, merchants
Source: FT Partners

SpotCap
Spanish small business online lender
Latest round: $5.4 million
Total raised: $21.9 million
Tags: SMB, lending, credit lines, underwriting
Source: Crunchbase

iAngels
Platform for startup capital fundraising
HQ: Tel Aviv, Israel
Latest round: $2.25 million
Total raised: $2.25 million
Tags: Investing, raising capital, equity investing, SMB
Source: FT Partners

Sensibill
Digital receipt platform
HQ: Toronto, Canada
Latest round: $2 million
Total raised: $2 million
Tags: Purchases, document management, mobile, SMB, PFM, accounting, expense management
Source: FT Partners

Fxkart
Foreign currency dealer aggregation
HQ: Bengaluru, India
Latest round: $2 million
Total raised: $2 million
Tags: Foreign exchange, remittances
Source: FT Partners

OpenGamma
Open platform for financial services risk management
HQ: London, UK
Latest round: $1.25 million
Total raised: $28.25 million
Tags: Compliance, risk, regulations, open source
Source: FT Partners

CityFalcon
News & information for traders
HQ: London, UK
Latest round: $300,000
Total raised: Unknown
Tags: Investing, information services
Source: Crunchbase

RazorPay
Stripe for India
HQ: Jaipur, India
Latest round: $120,000
Total raised: $120,000
Tags: Online payments, API, YC, acquiring, merchant, SMB
Source: Crunchbase

Stockfuse
Gaming platform to find trading & banking talent
Latest round: $118,000
Total raised: $118,000
Tags: Bitcoin, investing, virtual currency, cryptocurrency, Barclays accelerator
Source: Crunchbase

Origin (no URL)
Direct platform for issuing corporate bonds
Latest round: $118,000
Total raised: $118,000
Tags: Barclays accelerator, commercial banking, enterprise, debt
Source: Crunchbase

Safello
European bitcoin exchange
Latest round: $118,000
Total raised: $1.1 million
Tags: Bitcoin, investing, virtual currency, cryptocurrency, Barclays accelerator
Source: Crunchbase

LiquidLandscape
Data visualization for traders
Latest round: $118,000
Total raised: $118,000
Tags: Barclays accelerator, trading, analytics, big data
Source: Crunchbase

BlockTrace
Certifies ownership & transaction history of diamonds
HQ: London, UK
Latest round: $118,000
Total raised: $118,000
Tags: Blockchain, crypto, precious gems, alternative assets, Barclays accelerator
Source: Crunchbase

Self Lender
Helps consumers establish credit via small loans
HQ: Denver, Colorado
Latest round: $118,000
Total raised: $118,000
Tags: Lending, payday alternatives, underwriting, underbanked, sub-prime, credit score, TechStars
Source: Crunchbase

Advanced Merchant Payments
Technology solutions for small business lending
HQ: Hong Kong, China
Latest round: Undisclosed
Total raised: More than $5 million
Tags: SMB, underwriting, lending, Route 66 (investor), Finovate alum
Source: Finovate

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Advanced Merchant Payments Pulls in Undisclosed Amount of Funding

By Julie Muhn (@julieschicktanz) Posted on March 26, 2015
Categories: Advanced Merchant Payments, Funding

Advanced Merchant Payments (AMP), a company that provides banks technology to offer loans to their small business customers, pulled in an undisclosed amount of funding today from Route 66 Ventures.

The new installment is a follow-on round to the $5 million Series A round received in November 2014 from SBT Venture Capital.

Hong Kong-based AMP enables banks and merchant acquirers to originate and manage small business loans. The loans are made to serve small businesses that are too large for a consumer loan and too small for a traditional small business loan.

AMP will use the new funds to accelerate the development of its lending platform.

AMP, which operates in Hong Kong, Singapore, the Philippines, and the United Kingdom, debuted its small business lending solution for banks at FinovateEurope 2014. Check out the live demo:

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