Funding Archives - Page 88 of 92

Fintech Fundings: 6 Companies Raise $21 Million Week Ending Dec. 26

By Jim Bruene Posted on December 29, 2014
Categories: Funding

As expected with the holidays, just $21 million was invested in the fintech sector last week. It was the smallest week since we began tracking in August. The total included one Finovate alum, Bellevue, Washington-based Finsphere, which added nearly $2 million for its mobile identification technology.

The deals from 20 Dec to 26 Dec 2014, by order of size:

QwikCilver Solutions
Stored-value card technology
Latest round: $10 million
Total raised: $10 million
Tags: Credit & debit cards, prepaid, merchants, SMB, Bangalore, India
Source: Crunchbase

Aspiration
Investment management for middle-class consumers
Latest round: $4.5 million
Total raised: $4.5 million
Tags: Investings, robo-advisor, EFT; Los Angeles, California
Source: FT Partners

BitGold
Gold investing via digital currencies
Latest round: $3.5 million
Total raised: $3.5 million
Tags: Bitcoin, payments, cryptocurrency, investments; Toronto, Ontario, Canada
Source: Crunchbase

Finsphere
Mobile identify solutions
Latest round: $1.8 million
Total raised: $32.5 million
Tags: Security, mobile, authentication, identification; location, Bellevue, Washington, Finovate alum
Source: FT Partners

Finanzarel
Spanish working-capital financing marketplace
Latest round: $830,000
Total raised: $830,000
Tags: Alt-financing, working capital, factoring, P2P, person-to-person, investing, SMB; Barcelona, Spain
Source: Crunchbase

GoCoin
Merchant solutions for accepting digital currencies
Latest round: Undisclosed
Total raised: $2+ million
Tags: Bitcoin, payments, cryptocurrency, merchants, POS, acquiring; Singapore
Source: FT Partners

Share this:

Send Post Twitter LinkedIn Facebook

Fintech Fundings: 17 Companies Raise $510 Million Week Ending Dec. 19

By Jim Bruene Posted on December 24, 2014
Categories: Funding

Last week was surprisingly busy given how close it was to the year-end holiday freeze. But two blockbuster deals, $250 million to Swedish payment company Adyen and $200 million raised in an IPO from Finovate alum OnDeck, made it one of the biggest weeks of the year.

In total, $512 million was raised by 17 fintech companies. Here there are in order of deal size (from Dec. 13 to Dec. 19):

Adyen
Multi-channel payments company
Latest round: $250 million
Total raised: $266 million
Tags: Payments, mobile, online, POS, merchants, Amsterdam, Netherlands
Source: Crunchbase

OnDeck
Online lending to small-and-medium businesses
Latest round: $200 million (IPO)
Total raised: $610 million (of which $230 million is debt)
Tags: Lending, alt-lender, SMB, underwriting, New York City, Finovate alum
Source: Finovate

Money Forward
Japanese personal financial management services
Latest round: $12.6 million
Total raised: $17.6 million
Tags: PFM, money management, personal accounting, Tokyo, Japan
Source: Crunchbase

PeerNova
Blockchain technology
Latest round: $8.6 million
Total raised: $8.6 million
Tags: Blockchain, bitcoin, cryptocurrency, identification, trust, security, San Jose, California
Source: FT Partners

Zaio Corporation
Online real estate appraisals
Latest round: $8.2 million
Total raised: $13.5 million
Tags: Lending, mortgage, appraisal, compliance, Calgary, Alberta, Canada
Source: FT Partners

CardCash
Online giftcard exchange
Latest round: $6 million (debt from Sterling National Bank)
Total raised: $12 million (of which $6 million is debt)
Tags: Prepaid cards, gift cards, debit, Brick, New Jersey
Source: Crunchbase

InvestX
Private equity marketplace for retail investors
Latest round: $5.2 million
Total raised: $5.2 million
Tags: Investing, wealth management, private equity, Vancouver, British Columbia, Canada
Source: Crunchbase

FolioMetrix
Investment management and research
Latest round: $5 million
Total raised: $5 million
Tags: Investing, wealth management, analytics, Portland, Oregon
Source: Crunchbase

Lendable
Consumer loan marketplace
Latest round: $3.9 million
Total raised: $3.9 million
Tags: Lending, P2P, person-to-person, investing, London, UK
Source: Crunchbase

Prairie Cloudware
Mobile payment platform for financial institutions
Latest round: $3.2 million
Total raised: $4.9 million
Tags: Payments, mobile, digital, enterprise, Omaha, Nebraska
Source: Crunchbase

Triotech
Mobile money transfers

Latest round: $3 million
Total raised: $3 million
Tags: Mobile, funds transfer, payments, Gurgaon, India
Source: FT Partners

Hello Digit
Savings automation tools
Latest round: $2.5 million
Total raised: $2.5 million
Tags: Deposits, savings, PFM, retirement, San Francisco, California
Source: Crunchbase

Splitwise
Expense sharing software
Latest round: $1.4 million
Total raised: $1.4 million
Tags: Expense management, mobile, billing, payments, PFM, Providence, Rhode Island
Source: Crunchbase

Qapital
Mobile budgeting & spending tools
Latest round: $1.3 million
Total raised: $1.6 million
Tags: PFM, money management, online banking, mobile, alt-lender, SMB, underwriting, Stockholm, Sweden, Finovate alum
Source: Finovate

Blispay
Stealth payments company (we presume)
Latest round: $1.2 million
Total raised: $1.2 million
Tags: Payments, Forest Hill, Maryland
Source: Crunchbase

BlueFin Payment Systems
Integrated payment platform
Latest round: Undisclosed
Total raised: Unknown
Tags: Mobile payments, merchants, SMB, Atlanta, Georgia, Finovate alum
Source: Crunchbase

FreeATM
ATM finder and advertising aggregator
Latest round: Unknown
Total raised: Unknown
Tags: Marketing, advertising, ATM, Brooklyn, New York
Source: FT Partners

Share this:

Send Post Twitter LinkedIn Facebook

BehavioSec Lands $6 Million Led by Northzone and Octopus Investments

By Julie Muhn (@julieschicktanz) Posted on December 9, 2014
Categories: BehavioSec, Funding

In the past few years, we’ve witnessed the evolution of security beyond usernames and passwords. Founded in 2009, BehavioSec is one of the forerunners of this trend; making security invisible to the end user.

Today, the Swedish company announced $6.2 million (€5 million) round led by Northzone and Octopus Investments. Existing investors, Conor Venture Partners and Partner Invest Norr, also contributed.

A 2011 installment of $500k and a 2008 round of $1.2 million bring BehavioSec’s total funding to almost $8 million.

BehavioSec plans to use the funds to:

Accelerate international growth
Expand presence in the U.K. and U.S.
Support existing clients
Invest further in existing products

The uptick in recent security hacks has brought about increased approval for the use of biometrics. From Apple’s TouchID to Nymi’s Nymi Band, companies and customers are growing accustomed to using physical assets for authentication. BehavioSec takes a slightly different approach. Instead of authenticating using a person’s physical attributes, it verifies an identity by passively observing how they interact with their device.

This week, BehavioSec welcomes three new board members: Simon Andrews of Octopus, Bjorn Stray of Northzone and Chris Barchak of Conor Venture Partners.

BehavioSec has won awards most recently at FinovateEurope 2014 and FinDEVr. It has won Best of Show at FinovateAsia 2013 and FinovateSpring 2012.

Share this:

Send Post Twitter LinkedIn Facebook

SocietyOne Closes $20 Million Series B Funding Round

By Julie Muhn (@julieschicktanz) Posted on December 4, 2014
Categories: Funding, SocietyOne

Australian P2P lending company, SocietyOne, closed a Series B funding round this week. The amount is officially undisclosed, but according to the Australian Financial Review, the round totals $20 million ($25 million AUD). This new installment comes just 10 months after it closed an $8.5 million round.

Contributors to the new round include Consolidated Press Holdings (CPH), News Corp Australia and Australian Capital Equity. Reinventure, the Westpac-funded venture capital manager that took a $5 million equity stake in SocietyOne in February, also helped furnish the round. Reinventure contributed another $5 million to this week’s Series B round.

The funding comes amid the buzz surrounding Lending Club’s IPO. The California-based company is expected to start trading on the NYSE next week at $10 to $12 per share valuing it at more than $4 billion (see our previous coverage here).

Lending Club’s success bodes well for SocietyOne. James Packer, a representative from SocietyOne’s new investors states, “We have seen first-hand the power of technology in reshaping the media industry and I am excited about the potential of technology, led by the team at SocietyOne, to help reshape the financial services industry in Australia.”

SocietyOne’s ClearMatch technology uses risk-based pricing to offer borrowers a rate that is up to 5% lower than bank loans. It debuted ClearMatch at FinovateAsia 2012 where it won Best of Show.

Share this:

Send Post Twitter LinkedIn Facebook

Fintech Fundings: 17 Companies Raise $167 million Week Ending Nov 28

By Jim Bruene Posted on November 28, 2014
Categories: Funding

It was a short week in the United States with many on holiday Thursday and Friday, so U.S.-based activity was slowed. But the rest of the world more than made up for it. Of the total $167 million raised ($152 million equity, $15 million debt), only $28 million (17%), was to US-based companies. And most of that ($25 million) was to Finovate alums Kensho ($15 million) and Narrative Sciences ($10 million). Another alum (from the first Finovate back in 2007), Monitise, scored $77 million from strategic investors, Santander, MasterCard and Telefonica.

Here are the deals from Nov 22 to Nov 28 in order of size:

Monitise

Mobile payments

Latest round: $77 million (post-IPO equity)

Total raised: $232 million (public)

Tags: Mobile, payments, SMB, Santander (investor), MasterCard (investor), London, UK, Finovate alum