Funding
Fintech Fundings: 14 Companies Raise $206 million in Week Ending Oct 3
And we had the first IPO from the very first Finovate Class of 2007. It’s a real Paul Graham moment for us. And we couldn’t be be prouder! Melanie, Joseph, Anil, Eric, Peter, and all the Yodlee folks we’ve worked with for 15 years, thanks for pushing fintech (and Finovate) forward. May you always hit your quarterly numbers 🙂
Fintech Fundings: 17 Companies Raise $242 Million in Week Ending Sep 26
Data analytics (broader than just fintech, but has significant financial focus)
Crowdflower Raises $12.5 Million in Funding
CrowdFlower, the company that uses crowdsourcing for data scrubbing, announced yesterday it raised some cash to help it bloom.
The newest installment, which was led by Canvas Ventures, brings the San Francisco company’s total funding to $28 million. Other investors in this round include Bessemer Venture Partners and Trinity Ventures.
CrowdFlower, which does data work for companies such as Home Depot and Cisco, pays more than 5 million people to contribute to the data scrubbing. Some of the applications include:
- Data Collection & Enhancement
- Content Moderation
- Search Relevance Tuning
- Sentiment Analysis
CrowdFlower plans to use the new funds to grow its product and customer base.
To see CrowdFlower demo its newest technology live, come see them at FinovateFall next week in New York. We still have a few tickets left.
Fintech Fundings: $59 million Raised by 18 Companies in Third Week of September
Bitcoin platform for developers
Total raised: $150,000
Fintech Fundings: 11 Companies Raise $193 million in Week Ending Sep 12
Mobile payment acquiring
Total raised: $4.8 million
Total raised: $3 million
Source: Crunchbase
Fintech Fundings: 20 Companies Raise $275 Million in First Week of Sept.
Small business financing using advanced technology
Source: Crunchbase
Equity crowdfunding platform
Chinese big data technology for loan underwriting
Total raised: Unknown
Latest round: $46,000
Total raised: $446,000
Tags: Near bank, mobile, Russia, Finovate alum (FF13)
Latest round: $46,000
Mobile loyalty with bank integrations
Total raised: At least $2.2 million
ed, mobile, underwriting, Massachusetts
Ayondo Lands Additional $4 Million from Luminor Capital
In a week when Moven and Braintreehave both announced international expansion efforts, Germany-based ayondo announced funding that helps deepen its international roots.
Ayondo, which specializes in a social trading technology that enables users to follow and copy the moves of top traders, brought in $4 million ($5 million Singapore Dollars) from Singapore-based Luminor Capital.
Prior to this newest round, ayondo has held four rounds of funding, all of undisclosed amounts.
This new installment comes just a month after ayondo opened its Singapore offices, and six months after Luminor became a stakeholder in the company.
Fintech Fundings: 16 Companies Raise $270 Million this Week
Total funding: $36.7 million
Compliance as a service (CaaS)
Latest round: $6 million
Source: Finovate
Latest round: $2.3 million
Source: Crunchbase
Total funding: $2.8 million
Total funding: $500,000
Total funding: $400,000
Total raised: $300,000
Crowdsourced cash currency exchange
Latest round: $20,000
Total funding: Unknown
Tags: Fx, P2P, currency, transfers, Paris
Near-prime lender
Tags: Subprime, credit, lending, Chicago
BlueVine Brings in $1.5 Million in Funding
Last week, in an extension of its latest seed round, BlueVine raised an additional $1.5 million. This, along with the $4 million round in March, brings its total funding to $5.5 million.
While the specific investor was not stated, investors in previous installments include:
- Greylock Partners Israel
- Lightspeed Venture Partners
- Kreos Capital
- Correlation Ventures
- Kima Ventures
BlueVine’s platform frees up cash flow for small businesses by providing expedited payment to bridge the gap between outstanding invoice payments and working capital for business operations. After the small business connects their invoicing software to BlueVine, here’s what happens:
- They select the invoices for which they want immediate funding
- BlueVine funds 85% of the invoice amount up front
- When the invoice is due, the customer pays and the small business receives a rebate
BlueVine will demo live on stage at FinovateFall this September 23 and 24 in NYC.
Fintech Fundings: 24 Startups Land $102 Million in First Half August
It’s mid-August. Who is even working now? Evidently, the folks cranking out new fintech (and their investors) are not letting up. So far this month, 24 startups have received a total of $102 million in new capital.
Tags: Investing, financing, New York
Social trading and wealth management platform
Total funding: $8.5 million
Automated 401(k) management tools and portfolio analytics
Source: Crunchbase
Total funding: $3.5 million
Tags: Underbanked, payday lending, California
Source: Crunchbase
Total funding: $3.2 million
Equity crowdfunding platform
Total funding: $1.5 million
Financial management software for small biz and individuals
Total funding: $1.4 million
Tags: Gift cards, prepaid cards, credit cards, California
Online platform providing small business financing in India
Source: Crunchbase
Total funding: $920,000
Source: Crunchbase
Total funding: $550,000
Total funding: $270,000
Latest round: $250,000
Facilitating payments for person-to-person vehicle sales
Tags: Escrow, vehicle lending, Switzerland
Identity theft protection
Total funding: Unknown
Taulia Raises $27 Million in Series D Funding
Taulia, a company that aims to ease cash flow issues faced by small and medium sized businesses, announced today it raised $27 million in Series D funding.
This newest installment, which brings Taulia’s total funding to $67.2 million, comes from QuestMark Partners, which led the round, and existing investors Trinity Ventures, Matrix Partners, Lakestar and DAG Ventures.
When Taulia launched in 2009, its primary service was Dynamic Discounting, a product that helps suppliers receive faster cash flow, and gives buyers more flexibility and discounts if they pay early. Now Taulia offers seven products, including einvoicing and supplier management tools that help small businesses interact with their suppliers.
Of the 225,000 suppliers on Taulia’s platform, 55 rank among the largest corporate companies. The San Francisco-based company plans to use the funding to sign more large corporate clients and expand into Asia.
Taulia is now valued at $200 million.
To learn more about Taulia, check out its FinovateSpring 2012 demo where it debuted its Early Payment Network.