Want some context on the torrid pace of fintech financing in the first three months of 2014?
Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.
A year later, we have just nine alums raising more than twice as much in the month of March alone.
March Madness, indeed.
Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna
, which raised more than $125 million.
But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma
, and the $77 million and $75 million secured by OnDeck
Total raised = More than $592 million
January — $91 million raised by seven companies
February — $139 million raised by seven companies
March — $362 million raised by nine companies
In a new round led by Linden Venture Fund LLC and joined by Bendigo Partners, Kapitall has added $13 million to its corporate coffers. Kapitall’s total funding now stands at more than $20 million.
“We are impressed by Kapitall’s track record to date,” said Linden Venture Fund managing partner Oksana Malysheva. “(We) know the leadership team has a winning combination of expertise in investing, gaming and interactive design to spark a true revolution among emerging investors.”
Kapitall relies on its graphical user interface and ramification to make it easier and more engaging for investors to research and analyze investments in stocks, mutual funds, and exchange-traded funds (ETFs). The company plans to use the additional funding to help develop new products and boost the growth of its community of users.
Company CEO Jarrett Lilien said, “We acquire, engage, and profitably interact with emerging investors – individuals that the traditional firms don’t handle well. We want these investors and we have an experience tailor made for them.”
A few interesting metrics for Kapitall:
- More than 170,000 community members
- More than 15,000 real and virtual trades executed monthly
- More than 115,000 portfolios built, tracking real and virtual assets of more than $10 billion
to watch a YouTube introduction to Kapitall.
Kapitall was founded in March 2008 by Gaspard de Dreuzy and Serge Kreiker, and is headquartered in SoHo, New York. Kapitall was recognized as a Webby Honoree in Financial Services in 2013.
See Kapitall’s FinovateFall 2010 demo here
So what do fintech innovators, and Finovate alumni, like Mint, Manilla, and Dashlane have in common with the likes of the Chrome Web Lab, Tom Hanks’ Electric City, and Cracked.com?
How about earning honors from the esteemed judges of the 2013 Webby Awards?
Manilla made the most of its showing at the 17th Annual Webby Awards, picking up honors in three categories (Utilities & Services, Web Services & Applications, and Financial Services/Banking). But the biggest winner among the Finovate-affiliated nominees was Mint. Mint won the Webby People’s Voice award in the Financial Services/Banking category, along with earning an honor in the Best User Experience category.
Also representing well at the Webby Awards was Dashlane, coming in for Web Services & Applications honors, and a trio of Finovate alumnus that impressed judges in the Financial Services/Banking category: LearnVest, UBank’s PeopleLikeU, and Kapitall.
The Webby Awards have been given out every year since 1996 by the International Academy of Digital Arts and Sciences (IADAS). The Academy includes among its members such luminaries as David Bowie, Vint Cerf, and Arianna Huffington.
The Webbys provide two major awards per category: the Webby Award and the Webby People’s Voice Award. The latter award is determined by an online vote.
Learn more about our Webby Award-winning alumni at our demo pages.