Funding

Fintech Fundings: More than $145 Million Raised Week Ending Nov 14

By Jim Bruene Posted on
Categories: Funding

fintechfunding_license.jpg

For the most part, Fintech investors took a small breather this week. Other than the VCs sending a cool tenth-of-a-billion-dollars off to POS provider Revel Systems, the rest of the sector pulled in about $50 million. 
Two of the 10 newly funded are Finovate alums: 
  1. Austin, TX-based SimplyTapp attracted $6 million to expand its NFC mobile payment technology. 
  2. FinanceIT secured an undisclosed investment from Toronto neighbor BEST Funds. 
The deals from Nov 8 to Nov 13 in order of size:
Point-of-sale systems
Latest round: $100 million (of which $25 million is a credit line)
Total raised: $114 million 
Tags: POS, acquiring, SMB, San Francisco, California
Source: Crunchbase
Gift card marketplace
Latest round: $18.1 million
Total raised: $21.7 million 
Tags: Giftcards, loyalty, payments, Chicago, Illinois
Source: Crunchbase
Payment services for merchants
Latest round: $8.2 million
Total raised: $8.2 million 
Tags: Credit/debit cards, acquiring, SMB, merchants, loyalty, Sunnyvale, California
Source: Crunchbase
French marketplace for short-term capital financing
Latest round: $7.5 million
Total raised: $7.6 millon 
Tags: Lending, receivables, working capital, SMB, Paris, France
Source: Crunchbase
Digital payment processor
Latest round: $6 million
Total raised: $7.6 million 
Tags: Credit/debit cards, acquiring, POS, SMB, NFC, Austin, Texas, Finovate alum
Source: FT Partners
Franchise financing marketplace
Latest round: $3.8 million
Total raised: $7.5 million 
Tags: Credit, lending, underwriting, SMB, loans, investing, P2P, crowdfunding, 
Source: Crunchbase
Digital payment processor
Latest round: $600,000
Total raised: $820,000 
Tags: Credit/debit cards, acquiring, SMB, Kuopio, Finland
Source: Crunchbase
Customer financing at the retailer’s point of sale
Latest round: Undisclosed
Total funding: $21 million (not including latest round)
Tags: POS, lending, SMB, merchants, Toronto, Canada
Source: FT Partners
Payment solution for U.S. merchants to accept Chinese UnionPay cards
Latest round: Undisclosed
Total raised: Unknown
Tags: Credit cards, debit cards, acquiring, payment processing, Palo Alto, California
Source: Crunchbase
Indian digital payments layer
Latest round: Undisclosed (Series A)
Total funding: $500,000 (prior to latest funding)
Tags: Payments, social media, merchants, acquiring, Mumbai, India
Source: Crunchbase

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Fintech Companies Attract $1 Billion in New Equity in October

By Jim Bruene Posted on
Categories: Funding

We have only been tracking fintech investments across all companies since Aug 1. But I’m pretty sure that even if we’d been doing it for 20 years, there would never have been a month as frenzied as October. 

In just one month, 76 fintech companies worldwide attracted a combined $1 billion in new equity investments. The largest ten deals alone were worth at least $30 million each: 
$185M Mozida
$150M Square
$75M   Yodlee (IPO) 
$70M   Cardlytics
$64M   Wealthfront
$57M   Financial Software Systems
$50M   Personal Capital
$42M   VivaReal
$40M   Credorax
$31M   Blockchain
————————
$764M Top 10 deals
$276M 66 Other deals
—————————–
$1.04B Total Investment
For more information, see our weekly postings.

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Socure Scores $2.5 Million to Overcome Evil with Good

Socure Scores $2.5 Million to Overcome Evil with Good
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Socure

Socurelogo.jpg

Online security companies are always working to stay one step ahead of fraudsters. Socure, a New York-based company is out to fight these malevolent deeds with an approach it calls Social Biometrics.

As it turns out, it pays to be good. The company just closed a $2.5 million round of funding this week. Investors include:

    • Founder Collective
    • Two Sigma Ventures
    • ff Venture Capital 

This, added to Socure’s $2.2 million Seed round it generated in March, brings the company’s total funding to $4.7 million.

Socuredashboard

Socure’s fraud detection solution uses people’s social behavior across networks to determine the authenticity of their identity. See their debut of Social Biometrics at FinovateFall 2013.

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Cardlytics Pulls in $70 Million in Series F Round, Prepares for IPO

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Funding

CardlyticsLogoNew.jpg

Card-linked offers company, Cardlytics, closed a $70 million Series F round yesterday. The round was led by Discovery Capital, who will appoint a representative to Cardlytics’ board.

The Wall Street Journal reports that, with this newest installment, the Atlanta-based company has raised a total of $170 million since it was founded in 2008. Past investors include:

    • Groupe Aeroplan
    • Canaan Partners
    • ITC Holdings
    • Kinetic Ventures
    • Polaris Venture Partners
    • TTV Capital
    • Aimia

The company plans to use the funding to develop products that analyze data in new ways. It will not only help the merchants, who pay Cardlytics to list their offers, but it is also good news for its 400 bank partners.

This includes Bank of America, who uses the company’s technology to power its BankAmeriDeals (below). This year, Cardlytics anticipates the banks’ cut of payment it receives from merchants will add up to $20 to $25 million.

CardlyticsTablet1.1.jpg

The company plans to go public within the next 18 months. According to Cardlytics co-founder and President, Lynne Laube:

“We want to be ready to take advantage of the market, and getting ready for an IPO takes work.”

Check out Cardlytics’ demo from FinovateFall 2013, where it debuted its Gelocation Application.

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Vaamo Raises $3.2 Million, Launches Out of Private Beta

By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, vaamo

vaamoLogo2.jpg

A German platform where users save and invest money towards their long term goals has brought on some funding of its own this week.

Vaamo announced yesterday it closed a $3.2 million (€2.5 million) Seed round. The investment was led by Route 66 Ventures, the same firm that furnished U.S.-based D3 Banking with $7 million last week. The remaining funds have come from business angels.

This round comes a year after its angel round of $635,000 (€500,000), which brings vaamo’s total funding to $3.8 million (€3 million).

Goalsetup.jpg

According to vaamo co-founders Thomas Bloch, and Oliver Vins, the funding will be used to hire more talent, specifically for marketing, customer service, and engineering. It will also be used to bolster marketing efforts to improve customer acquisition.

Vaamo is opening to the public today after spending about four months in private beta. It currently has 250 customers saving real money on its goals-based platform. It is limited to German residents only, but vaamo has not excluded the possibility of expanding its usage across borders.

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D3 Banking Brings in $7 Million, with $3 Million More on the Way

D3 Banking Brings in $7 Million, with $3 Million More on the Way
By Julie Muhn (@julieschicktanz) Posted on
Categories: D3 Banking, Funding
D3BankingLogo

Here’s the math: D3 = Data Driven Digital Banking. The funding amount = $7 million.

Today, D3 Banking announced it raised $7 million in venture funding from Route 66 Ventures, a private investment firm focused on emerging financial services companies.

The Nebraska-based company reports that in the next 60 days, existing investors and a subordinate VC will contribute another $3 million, finalizing the round at $10 million.

The $10 million projected in this round, along with previous Angel investments of $6 million, will bring D3’s total funding to $16 million.

D3BankingHomepage

Since its launch in 2007, D3 Banking (formerly Lodo Software) has built a customer base of 225 institutions that use its digital financial management tools.

D3 expanded beyond financial management tools last year when it launched a comprehensive digital banking solution at FinovateSpring 2013. The first customer to roll out the new solution plans to go live with it in the next 30 days. Additionally, D3 is in talks with a number of other institutions who are interested in deploying the new solution. According to CEO Mark Vipond, now is the perfect time for the company to bring in its first round of Venture funding.

D3 will use the new capital to expand its sales and marketing team, invest in other product innovations, and deploy a SaaS-based solution for FIs that prefer on-premise deployment.

Check out D3 Banking’s video from FinovateSpring 2014 where it demonstrated the money movement tools added to the comprehensive solution it introduced last year.

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Fintech Fundings Top $310 Million the Week Ending October 23

By Jim Bruene Posted on
Categories: Funding

We’ve only been tracking fundings on a weekly basis for 11 weeks. But I don’t think there have been many weeks in history, if any, that the money flowing to the fintech sector was bigger. A total of $314 million in equity investments went to 18 companies (in addition, 4 companies received undisclosed new investments). Even without Mozida’s massive $185 million, it was still a huge week. 

There were 10 fundings greater than $7 million including two Finovate alums, Flint Mobile ($9.4 million) and D3 Banking, formerly Lodo Software ($7 million). 
In order of magnitude, the deals from Oct 14 to Oct 20, 2014:
White-labeled mobile payments & ecommerce solutions
Latest round: $185 million
Total raised: $308 million
Tags: Payments, mobile, ecommerce, marketing, shopping, enterprise, New York City
Source: Crunchbase
Digital commerce platform
Latest round: $14.5 million
Total raised: $14.5 million
Tags: Bitcoin, cryptocurrencies, ecommerce, San Francisco, California
Source: Crunchbase

Cloud-based mass payment service
Latest round: $13 million
Total raised: $13 million
Tags: Payments, SMB, Agoura Hills, California
Source: Crunchbase
Alt-financing for the construction industry
Latest round: $12.5 million
Total raised: $12.5 million
Tags: SMB, lending, credit, alt-finance, Scottsdale, Arizona
Source: Crunchbase
Platform to power P2P/direct lenders
Latest round: $12 million
Total raised: $17.4 million
Tags: P2P lending, crowdfunding, platform, direct lending, investing, New York City
Source: Crunchbase
Subscription billing management services
Latest round: $12 million 
Total raised: $19.6 million
Tags: Billpay, invoicing, payments, San Francisco, California
Source: Crunchbase
Consumer debt management
Latest round: $12 million
Total raised: $24.8 million
Tags: Debt, lending, PFM, Cost Mesa, California
Source: FT Partners
Mobile and online payments
Latest round: $9.4 million
Total raised: $20.4 million
Tags: mPay, digital payments, Redwood City, California, Finovate alum
Source: Finovate
Bringing private equity investing to smaller investors
Latest round: $9.3 million
Total raised: $9.3 million
Tags: Alt-finance, SMB, lending, credit, PE, investing, New York City
Source: Crunchbase
D3 Banking (formerly Lodo Software)
Digital banking & personal finance platform 
Latest round: $7 million
Total raised: $12.1 million
Tags: PFM, online, mobile banking, Omaha, Nebraska, Finovate alum
Source: Finovate

Fraud detection in financial services and ecommerce
Latest round: $4.5 million
Total raised: $4.5 million
Tags: Fraud, security, San Mateo, California
Source: FT Partners
Fraud detection technology for banks and credit unions
Latest round: $3.5 million
Total raised: $3.5 millon
Tags: Fraud, security, Wethersfield, Connecticut
Source: FT Partners
Fundraising and payments platform
Latest round: $3.5 million
Total raised: $3.5 million
Tags: Payments, non-profits, fundraising, Dallas, Texas
Source: Crunchbase
UK-based near-bank
Latest round: $3.2 million
Total raised: $6.4 million
Tags: Alt-banking, PFM, personal finance, UK
Source: Crunchbase
Cloud billing provider
Latest round: $1 million
Total raised: $1 million
Tags: Billpay, payments, SMB, invoicing, Annapolis, Maryland
Source: Crunchbase
Equity management platform
Latest round: $1 million
Total raised: $1 million
Tags: SMB, cap table, stock options, Sandy, Utah
Source: FT Partners
SparkProfit trading simulator
Latest round: $600,000
Total raised: $600,000
Tags: Investing, asset management, trading, data analytics, London, UK, Finovate alum
Source: Finovate
Japanese cloud invoice management
Latest round: $650,000
T
otal raised: $1 million
Tags: SMB, accounting, billpay, payments, Japan
Source: Crunchbase
Bitcoin payment gateway
Latest round: Undisclosed
Total raised: $2.1 million
Tags: Cryptocurrenices, ecommerce, Singapore
Source: FT Partners
Real-estate marketplace
Latest round: Undisclosed
Total raised: Unkown
Tags: Homebuying, mortgage, New York City
Source: Crunchbase
Ripple platform in London
Latest round: Undisclosed
Total raised: Unknown
Tags: Cryptocurrencies, London, UK
Source: Crunchbase
Chinese personal finance site
Latest round: Undisclosed
Total raised: Unknown
Tags: PFM, personal finance, investing, Bejing, China
Source: Crunchbase

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Fintech Fundings: 17 Companies Raise $100 Million Week Ending Oct 17

By Jim Bruene Posted on
Categories: Funding
You can tell the market is frenzied when fintech companies raise only $101 million this week. That still works out to a $5+ billion annual run rate, which isn’t too shabby. Much of the money went into a Series-D to India’s Financial Software Systems, a 23-year old fintech veteran. 
In terms of startups, the big winner this week was Finovate alum, Quantopian, a high-tech investing play that debuted at FinovateSpring 2013 (see post for more info). But Technisys ($13 million) and Germany’s Orderbird ($10 million) were not far behind. 
In addition, fintech accelerator SixThirty announced its latest investments: $100,000 each to Davo Technologies, MyMoneyButler, PFTIR and New Constructs (see below for details).  
Here are the 17 deals in order of magnitude (10 Oct through 17 Oct): 
Payments technology
Latest round: $57 million
Total raised: Unknown (though the latest round is referred to as “Series D”)
Tags: Chennai, India
Source: Crunchbase

Algorithmic trading platform
Latest round: $15 million
Total raised: $23.8 million
Tags: Investing, analytics, hedge fund, trading, Boston, Massachusetts, Finovate alum
Source: Finovate
Latin American digital banking technology
Latest round: $13 million
Total raised: $14 million
Tags: Mobile, Miami, Florida
Mobile POS
Latest round: $10 million
Total raised: $14 million
Tags: Mobile, point of sale, iPad, Berlin, Germany
Source: Crunchbase
Mexican P2P microfinance
Latest round: $1.7 million
Total raised: $1.8 million
Tags: Credit, lending, microfinance, P2P, Mexico
Source: Crunchbase
Digital currency exchange
Latest round: $1.4 million
Total raised: $1.4 million
Tags: Bitcoin, cryptocurrency, NYC, New York
Source: Crunchbase
Mobile payments
Latest round: $760,000
Total raised: $760,000
Tags: Payments, Netherlands
Source: Crunchbase
Asian financial planning and advice
Latest round: $640,000
Total raised: $640,000
Tags: Wealth management, PFM, personal finance, investment management, Singapore
Source: Crunchbase
Italian collaborative payments company
Latest round: $500,000
Total raised: $500,000
Tags: Payments, mobile, P2P, group payments, Milan, Italy
Source: FT Partners
Automated debt recovery technology
Latest round: $250,000
Totals raised: $5.3 million 
Tags: Credit, collections, debt, lending, San Francisco
Source: Crunchbase
Japanese bitcoin exchange
Latest round: $236,000
Total raised: $236,000
Tags: Bitcoin, cryptocurrencies, Japan
Source: Crunchbase
Sales tax remittances and other business payments
Latest round: $100,000
Total raised: $100,000
Tags: SMB, accounts payable, payments, SixThirty, Montclair, New Jersey
Source: Crunchbase
Reduce investment management fees
Latest round: $100,000
Total raised: $100,000
Tags: Investing, fees, SixThirty, Palo Alto, California
Source: Crunchbase
PFTIR (Public Funds Investment Tracking and Reporting)
Investment reporting technology
Latest round: $100,000
Total raised: $100,000
Tags: Analytics, investing, enterprise, SIxThirty, Chesterfield, Missouri
Source: FT Partners
New Constructs
Investment research
Latest round: $100,000
Total raised: $100,000
Tags: Investing, research, equities, SIxThirty, Brentwood, Tennessee
Source: FT Partners
Lending and membership technology
Latest round: Undisclosed
Total raised: Unknown
Tags: Aliso Viejo, California
Source: Crunchbase
i-Invested
Crowdfunding platform
Latest round: Undisclosed
Total raised: Unknown
Tags: P2P, lending, credit, investing, UK
Source: Crunchbase

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Fintech Fundings: 19 Companies Raise $204 Million in Week Ending Oct 10

By Jim Bruene Posted on
Categories: Funding
It was another $200 million week, primarily due to Square’s $150 million round. Of the remaining $54 million raised, $38 million went to Finovate alums: Blockchain ($30.5 mil), BizEquity ($5.1 mil), Xpenditure ($1.25 mil), Spreedly ($750,000) and Powerlytics (undisclosed).  
Here are last weeks 19 deals by size (Oct 4 to Oct 10):
Mobile payments
Latest round: $150 million
Total raised: $591 million
Tags: Payments, POS, mobile, P2P, San Francisco, California
Source: Crunchbase
Bitcoin wallet
Latest round: $30.5 million
Total raised: $30.5 million
Tags: Bitcoin, cryptocurrencies, payments, mobile wallet, London, UK, Finovate/FinDEVr alum
Source: Finovate
Business valuation engine
Latest round: $5.1 million
Total raised: $5.1 million
Tags: SMB, underwriting, analytics, Wayne, Pennsylvania, Finovate alum
Source: Finovate
Equity crowdfunding platform
Latest round: $3.5 million
Total raised: $4.9 million
Tags: P2P lending, crowdfunding, investing, credit, SMB, Los Angeles, California
Source: Crunchbase
Payments & ecommerce platform for wholesale food industry
Latest round: $2.5 million
Total raised: $5 million
Tags: B2B, payments, ecommerce, San Francisco, California
Source: Crunchbase
Bitcoin payment & exchange
Latest round: $2.5 million
Total raised: $3.3 million
Tags: Bitcoin, cryptocurrency, Seoul, South Korea
Source: Crunchbase
Latin American residential real estate marketplace
Latest round: $2 million
Total raised: $2.6 million
Tags: Homes, mortgage, Buenos Aries, Argentina
Source: Crunchbase
Credit platform for marketplace lending
Latest round: $2 million
Total raised: $2 million
Tags: P2P, loans, credit, crowdfunding
Source: Crunchbase
Digital currency acceptance for merchants
Latest round: $1.5 million
Total raised: $1.6 million
Tags: Payments, POS, mobile, cryptocurrency, zSan Francisco, California
Source: Crunchbase
Expense management software
Latest round: $1.3 million
Total raised: $3.0 million
Tags: Accounting, SMB, PFM, Cardwise (parent), Belgium, Finovate alum
Source: Finovate
Digital asset exchange
Latest round: $1.1 million
Total raised: $1.1 million
Tags: Bitcoin, cryptocurrency, Hong Kong, China
Source: Crunchbase
Real estate app for Google Glass
Latest round: $1 million
Total raised: $1 million
Tags: Home buying, mortgage, wearables, Peoria, Illinois
Source: Crunchbase
Cloud-based credit card vault
Latest round: $750,000
Total raised: $2.1 million
Tags: Payments, credit/debit cards, cloud, Finovate alum
Source: Finovate
Libratax software for bitcoin tax compliance
Latest round: $500,000
Total raised: Unknown
Tags: Cryptocurrency, tax, compliance
Source: Coinbase
South Korean bitcoin exchange
Latest round: $200,000
Total raised: $200,000
Tags: Bitcoin, cryptocurrency, exchange, marketplace, South Korea
Source: Crunchbase
Chinese P2P lending marketplace
Latest round: Undisclosed
Total raised: $12 million
Tags: P2P, credit, lending, crowdfunding, investing, Shanghai, China
Source: Crunchbase
Big data provider for financial services
Latest round: Undisclosed
Total raised: $5 million
Tags: Big data, analytics, underwriting, lending, Philadelphia, Pennsylvania, Finovate alum
Source: FT Partners
Curated insurance, investment and personal financial management
Latest round: Undisclosed
Total funding: Unknown
Tags: Mobile, PFM, investing, insurance, mobile ,wealth management, Zurich, Switzerland
Source: Crunchbase
Lending technology for community banks and credit unions
Latest round: Undisclosed
Total raised: Unknown
Tags: Lending, credit
Source: Crunchbase

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Fintech Fundings: 14 Companies Raise $206 million in Week Ending Oct 3

By Jim Bruene Posted on
Categories: Funding
It was quite a week in fundings, at least from Finovate’s standpoint. Not only was $200+ million raised this week, but 80% of that went to our alums: Yodlee ($75 mil), Credit Karma ($75 mil), Dwolla ($9.7 mil), and Expensify ($3.5 mil). 

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 🙂

The weeks fundings by deal size (27 Sep through 3 Oct):

Account aggregation services
Latest round: $75 million (IPO)
Total raised: $199 million
Tags: PFM, SMB, online banking, mobile, Redwood City, California, Finovate alum
Source: Finovate
Free credit reports and monitoring services
Latest round: $75 million
Total raised: $193 milliion
Tags: PFM, personal finance, credit bureau monitoring, San Francisco, California, Finovate alum
Source: Finovate
Product pricing and lifecycle management software for financial services
Latest round: $15 million
Total raised: $20 millioin
Tags: Business intelligence, pricing, revenue, Vancouver, Canada
Source: Crunchbase
Virtual payments
Latest round: $9.7 million
Total raised: $32.5 million
Tags: Alt-money, ACH, funds transfer, mobile payments, Des Moines, Iowa, Finovate alum
Source: Finovate
Australian mobile payments company
Latest round: $9.1 million
Total financing: $13.5 million
Tags: mobile payments, Australia
Source: FT Partners
Crowdfunding real estate
Latest round: $7 million
Total raised: $41 million
Tags: P2P, mortgage, home buying, Washington DC
Source: Crunchbase
Bluetooth connected card (formerly Protean Payments)
Latest round: $5.8 million
Total raised: $6.8 million
Tags: Credit, debit cards, Bluetooth, payments, Ann Arbor, Michigan
Source: Crunchbase
Expense reports that don’t suck
Latest round: $3.5 million
Total raised: $10.2 million
Tags: Accounting, PFM, expense reporting, San Francisco, California
Source: Finovate
Virtual safe deposit
Latest round: $2.3 million
Total raised: $2.3 million
Tags: Investing, estates, safety deposit, San Francisco, California
Source: Crunchbase
Payments service to the unbanked in emerging countries
Latest round: $1.5 million
Total raised: $4.5 million
Tags: Mobile, payments, Laguna Hills, California
Source: Crunchbase
Bitcoin wallet
Latest round: $775,000
Total raised: $775,000
Tags: Cryptcurrency, bitcoin, payments
Source: Crunchbase
Flipboard for numbers
Latest round: $700,000
Total raised: $700,000
Tags: PFM, personal finance tracking, investing, Austin, Texas
Source: Crunchbase
Metrics for Stripe
Latest round: $500,000
Total raised: $500,000
Tags: Credit, debit card acceptance, merchants, business intelligence
Source: Crunchbase
Insurance industry software solutions
Latest round: Undisclosed
Total raised: Unknown
Tags: Insurance, Helsinki, Finland
Source: Crunchbase

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Fintech Fundings: 17 Companies Raise $242 Million in Week Ending Sep 26

By Eric Mattson Posted on
Categories: Funding
It was another stellar week in fintech fundings, simultaneously providing ammunition to those that think that private investments have peaked, while proving that it has not. The total included 2 Finovate alums: Bionym, which picked up $14 million and is scheduled to speak at FinDEVr next week and Taulia ($13 mil). Overall, the week saw 17 companies rack up a total of $242 million. 
For the month of September, a total of $770 million went into the sector (or about $600 million if you don’t classify Radius ($55 million) or Strategic Funding Source ($110 million) as fintech companies). That’s a $10 billion annual run rate. 
Radius 
Data analytics (broader than just fintech, but has significant financial focus)
Latest round: $54.7 million
Total raised: $79 milliion
Tags: Big data, marketing, analytics, San Francisco, Finovate alum
Source: Crunchbase
Chinese mobile financial app developer
Latest round: $50 million
Total raised: $60 million
Tags: Mobile, China
Source: Crunchbase
Mobile SMB invoicing technology
Latest round: $35 million
Total raised: $35 million
Tags: SMB, mobile, accounting, invoicing, Sydney, Australia
Source: Crunchbase
German B2B payments provider
Latest round: $15 million
Total raised: 
Tags: B2B, payments, Germany
Source: Crunchbase
Healthcare payments network
Latest round: $15 million
Total raised: $77 million
Tags: Payments, healthcare, insurance, Philadelphia, Pennsylvania
Source: FT Partners
Bionym (meet them at FinDEVR Oct 1)
Biometric authentication technology
Latest round: $14 million
Total raised: $15.4 million
Tags: Security, biometrics, authentication, Toronto, Canada
Source: Crunchbase
Brazilian mobile financial services and prepaid card
Latest round: $14 million
Total raised: $14 million
Tags: Mobile, PFM, prepaid card, MasterCard, Sao Paulo, Brazil
Source: Crunchbase
Cloud-based invoicing and payments for enterprises
Latest round: $13 million
Total raised: $76 million
Tags: Accounting, invoices, billpay, receivables, Finovate alum
Source: Crunchbase
Zero-commission stock trading
Latest round: $13 million
Total raised: $16 million
Tags: Investing, stocks, trading, Redwood City, California
Source: Crunchbase
Budgeting and forecasting software for SMBs
Latest round: $9.5 million
Total raised: $9.5 million
Tags: SMB, accounting, receivables, Natick, Massachusetts
Source: FT Partners
Malaysian personal finance services comparison site
Latest round: $4 million
Total raised: $6.5 million
Tags: personal finance, Malaysia
Source: Crunchbase
SMB supply-chain financing
Latest round: $2 million
Total raised: $2 million
Tags: Crowdfunding, working capital, SMB, P2P, lending, New York
Source: Crunchbase
OmnyPay (unknown URL)
Stealth payment startup
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Payments, San Francisco, California
Source: Crunchbase
French mobile POS provider
Latest round: $1.2 million
Total raised: $1.8 million
Tags: mobile, payments, SMB, POS, Paris, France
Source: FT Partners
Real estate crowdfunding
Latest round: $800,000
Total raised: $1.5 million
Tags: P2P, lending, credit, real estate, mortgage, Portland, Oregon
Source: Crunchbase

Moka

Mobile POS technology

Latest round: Undisclosed
Total raised: Unknown
Source: Crunchbase
Medical Payment Exchange (URL unknown)
Healthcare payments management for the enterprise
Latest round: Undisclosed
Total raised: Undisclosed
Tags: Healthcare, payments, insurance, Cleveland, Ohio
Source: FT Partners

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Crowdflower Raises $12.5 Million in Funding

Crowdflower Raises $12.5 Million in Funding
By Julie Muhn (@julieschicktanz) Posted on
Categories: CrowdFlower, Funding
CrowdFlowerLogo

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.

CrowdflowerHomepage

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.

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