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Electronic invoicing solutions company, Tradeshift, announced it recently brought in $15 million in equity funding.
This round is the first installment of a $57 million round. According to the San Francisco-based company this equity sale is, “part of something much bigger,” though it did not provide further detail.
Tradeshift demonstrated at FinovateEurope 2013 in London where it debuted its Instant Payments feature.
Lodo Software, creator of D3 Banking digital banking services, has recently padded its bank account. The Nebraska-based company announced yesterday that it brought in $3 million.
Invest Nebraska and Treetop Ventures contributed the funds, which will be used to bolster sales and marketing efforts and develop more products.
Since launching in 2007, the company has brought in more than $9 million.
Lodo Software debuted D3 Banking at FinovateSpring 2013. Check out the demo here.
Enterprise Platform-as-a-Service provider, Apprenda, announced it has raised some major funding today. The New York-based company raised $16 million in a Series C round from three investors.
Safeguard Scientifics led the round, and existing investors Ignition Partners and New Enterprise Associates also contributed.
While Apprenda’s customer list already includes 13 of the world’s top 20 banks, as well as a number of Fortune 500 companies, it plans to use the round to further increase adoption of its Platform-as-a-Service.
The new round brings Apprenda’s total funding to $32 million.
Apprenda debuted at FinovateFall 2013. Check out its demo video here.
In 2011, Financeit began providing point-of-sale funding options for small businesses to offer their customers. Today it announced it has raised $13 million to bolster this unique business model.
Investors include:
The Toronto-based company, which has almost 3,000 merchants processing more than $500 million in loan applications on its platform in Canada, will use the funds to begin its expansion into the U.S.
At FinovateFall 2013, Financeit launched its platform on the iPad, which enables merchants to capture customer information by photographing the customer’s drivers license using a tablet or smartphone. Check out the demo video here.
Bill.com, the company that brings online invoice, cashflow management, and bill pay solutions to its 275,000 users announced today that it raised $38 million in Series E funding.
Among the many investors in this round are:
This funding, combined with Bill.com’s previous rounds, brings the Palo Alto-based company’s total funding to over $70 million.
Bill.com, which manges more than 10 million bills per year worth more than $12 billion, will use the new installment to enhance its growing banking channel and accelerate its payments network.
Bill.com demonstrated its CashView product at FinovateSpring 2012.
At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).
We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread.
Here they are in reverse chronological order with funding amounts, if disclosed:
To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.
All numbers and funding information sourced from Crunchbase.com
Xero, a New Zealand-based company that creates cloud-based accounting software, has experienced a large growth spurt lately. Earlier this month, it officially launched in the U.S. and today it announced the largest installment of equity funding we’ve seen for a Finovate alum thus far.
The $150 million (NZ $180 million) in funding comes from a range of investors and existing shareholders. When combined with last year’s $49 million from Peter Thiel and Matrix Partners, and other previous rounds, the company’s total funding amounts to $230 million.
In the video below, CEO Rod Drury explains the funding and how it plans to use the cash.
Xero demoed at FinovateSpring 2011 where it debuted its Business Identification product.
Mobile wallet provider Wipit announced last week that it received an undisclosed amount in Series A funding.
Wipit’s major offering is a mobile wallet service, which, in a combined effort with Boost Mobile, was launched
specifically to serve the underbanked community. Any user with a mobile phone has access to the mobile wallet– even if they don’t have a bank account.
Since Core Innovation Capital focuses on supporting innovations that serve the underbanked community, Wipit is a good candidate for the funding.
The California-based company plans to use this Series A round to expand consumer adoption.
To learn more about Wipit, watch its FinovateSpring 2012 demo.
Jingit, the startup that pays users to watch ads online, announced last week that it raised $7 million from undisclosed investors.
This comes after the $3.5 million round the Minnesota-based company raised last year, bringing the total investment amount to over $10 million.
Jingit demoed at FinovateFall 2011, where it announced that U.S. Bank will provide the Jingit debit card that users can swipe to spend the cash they earned watching ads. No word on the status of that trial.
To learn more about Jingit, watch its FinovateFall 2011 demo.
