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Fintech Fundings: 16 Companies Raise $900 Million Week Ending 13 Nov 2015

ncr_cash_registers

It was a quieter week in fintech fundings. Other than Blackstone’s $820 million bet on NCRfounded in 1884 as National Cash Register, NCR is likely the oldest financial technology company on the planet — just $85 million flowed to the under-100-year-old crowd. And we are not sure if the NCR inflow should even be considered “new money.” According to today’s WSJ story, the money appears to be earmarked for share repurchases, meaning it’s just a transfer of $820 million to the existing common-stock holders, rather than new capital sitting on the balance sheet. But we’ll see if they do follow that path.

Excluding NCR, 15 companies raised $85.4 million this week. Year-to-date, the total is $16.9 billion or $22.8 billion counting the Worldpay and First Data IPOs.

Here are the deals by size from 7 Nov to 12 Nov 2015:

NCR
ATMs, POS and financial technology
Latest round: $820 million Post-IPO equity
Total raised: Unknown
HQ: Duluth, Georgia
Tags: Enterprise, ATM, POS, core banking, payments, Blackstone (investor)
Source: WSJ

CircleUp
Equity crowdfunding platform
Latest round: $30 million
Total raised: $47 million
HQ: San Francisco, California
Tags: Consumer, SMB, financing, equity, P2P, investing
Source: Crunchbase

MoneyFarm
Investment advisory for small savers
Latest round: $17.2 million
Total raised: $40 million
HQ: Milan, Italy
Tags: Consumer, investing, robo-adviser, mobile
Source: Crunchbase

Bango
Mobile payments for m-commerce companies
Latest round: $17 million Post-IPO equity
Total raised: Unknown
HQ: Cambridge, England, United Kingdom
Tags: SMB, payments, mobile, acquiring, merchants, credit/debit cards
Source: Crunchbase

Bread Finance
Unsecured consumer financing of purchases
Latest round: $14.3 million, Series A
Total raised: $14.3 million
HQ: New York City, New York
Tags: Consumer, lending, underwriting, payments, merchants, SMB
Source: Crunchbase, WSJ

Innovation Broking
Corporate insurance brokerage services
Latest round: $3 million
Total raised: $3 million
HQ: Watford, United Kingdom
Tags: Insurance, B2B, enterprise
Source: FT Partners

Moni
Mobile bank
Latest round: $1.45 million Seed
Total raised: $1.45 million
HQ: London, England, United Kingdom
Tags: Consumer, banking, personal finance, PFM, mobile
Source: Crunchbase

NextBank Project
Bitcoin exchange
Latest round: $950,000
Total raised: $ million
HQ: Vanuatu
Tags: Consumer, SMB, bitcoin, cryptocurrency, exchange, payments
Source: Crunchbase

Camino Financial
Lending marketplace targeting Hispanic-owned small businesses
Latest round: $750,000
Total raised: $750,000
HQ: Glendale, California
Tags: SMB, lending, lead gen, price comparison, commercial loans
Source: FT Partners

RenewBuy
Auto insurance portal
Latest round: $500,000 Angel
Total raised: $500,000
HQ: Gurgaon, India
Tags: Consumer, automobiles, motorcycles, insurance, lead gen, price comparison, quotes
Source: Crunchbase

ZeePay
Mobile payments at the point-of-sale
Latest round: $200,000
Total raised: $200,000
HQ: Ghana
Tags: Payments, mPOS, underbanked, merchants, retailers, acquiring
Source: WhoGotFunded

Painless1099
Savings platform for freelancers
Latest round: $25,000, Seed
Total raised: $25,000
HQ: Buffalo, New York
Tags: SMB, savings accounts, tax, Lincoln Savings Bank (partner)
Source: Crunchbase

EDGARreader
Financial technology intelligence application
Latest round: $25,000 Award
Total raised: $25,000
HQ: New York City, New York
Tags: Consumer, investing, information
Source: Crunchbase

Captain401
401(k) management platform
Latest round: Undisclosed
Total raised: Unknown
HQ: San Francisco, California
Tags: Employees, SMB, retirement, benefits, investing, YCombinator
Source: WSJ

LevelFunded
Employee benefits provider
Latest round: Undisclosed
Total raised: Unknown
HQ: National, Maryland
Tags: SMB, health care, employees, benefit management, insurance
Source: Crunchbase

FinTecSystems
Real-time financial data access for financial institutions
Latest round: Undisclosed
Total raised: Unknown
HQ: Munich, Germany
Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data
Source: FT Partners

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