Perhaps due to the holiday-shortened week in the United States, it was a week of smaller rounds as 16 companies raised a total of $68 million (of which $8 million was debt), with only two above seven figures (Payfirma, Kantox). That compares to an average of $340 million per week so far this year.
And, like a fintech Noah’s Ark, everything was in pairs this week:
- Two companies out of Istanbul (TravelersBox, Iyzico)
- Two from Edinburgh (FreeAgent, Intelligent Point of Sale)
- Two out of London (Kantox, Monese)
- Two from Canada (Payfirma, Koho)
- Two new neo-banks (Koho, Monese)
- Two P2P lenders (Acquire, Fellow Finance)
- Two investment managers (InvestView, Wealthminder)
And of course, two Finovate alums received major new rounds ($11 million to Kantox; $8 million credit line to LendKey), while one other alum raised $300,000 of what is expected to be a $1.6 million round (FreeAgent).
The total raised in May 2015 was $1.6 billion and the YTD total is $7.2 billion.
Here are the deals from 23 May to 28 May by size:
Payfirma
Multichannel payment processing
HQ: Vancouver, BC, Canada
Latest round: $13 million
Total raised: $23.5 million
Tags: Payments, merchants, acquiring, POS, SMB
Source: Crunchbase
Kantox
Foreign exchange and remittance platform
HQ: London, United Kingdom
Latest round: $11 million
Total raised: $21.2 million
Tags: FX, currency exchange, remittances, payments, Finovate alum
Source: Finovate
LendKey
Cloud-based lending platform
HQ: New York City, New York
Latest round: $8 million Debt
Total raised: $31.7 million
Tags: Lending, enterprise, loans, Finovate alum
Source: Crunchbase
Iyzico
Payment system management platform
HQ: Istanbul, Turkey
Latest round: $6.2 million Series B
Total raised: $9.0 million
Tags: Payments, enterprise
Source: FT Partners
Acquire Real Estate
Commercial real estate investing marketplace
HQ: New York City, New York
Latest round: $6.0 million
Total raised: $6.0 million
Tags: P2P lending, peer-to-peer, investing, crowdfunding, commercial mortgage lending
Source: Crunchbase
InvestView
Investing information
HQ: Red Bank, New Jersey
Latest round: $5.0 million
Total raised: $5.0 million
Tags: Investment information, education tools
Source: FT Partners
TravelersBox
Solution for collecting leftover foreign currency
HQ: Istanbul, Turkey
Latest round: $4.0 million (two weeks ago we reported $500,000 of this $4.5 million round)
Total raised: $4.5 million
Tags: Cash, currency, gift cards, rewards
Source: Crunchbase
eGifter
Online consumer gift card platform
HQ: Huntington, New York
Latest round: $3.5 million
Total raised: $8.9 million
Tags: Cash, currency, gift cards, rewards, consumer, prepaid debit
Source: Crunchbase
EverCompliant
Fraud and compliance solutions for merchant acquirers
HQ: Tel Aviv, Israel
Latest round: $3.5 million Series A
Total raised: $3.5 million
Tags: Payments, card processing, merchants, POS, SMB
Source: Crunchbase
Fellow Finance
Finnish P2P lending marketplace
HQ: Helsinki, Finland
Latest round: $2.2 million
Total raised: Unknown
Tags: P2P lending, peer-to-peer, alt-finance, crowdfunding, investing
Source: P2P-Banking.com
Monese
U.K.-based neo-bank
HQ: London, United Kingdom
Latest round: $1.8 million
Total raised: $1.8 million
Tags: Prepaid debit card, personal finance, PFM, mobile, consumer
Source: EU Startups
Wealthminder
Personal investment manager
HQ: Reston, Virginia
Latest round: $1.45 million Seed
Total raised: $1.7 million
Tags: Investing, PFM, wealth management
Source: Fortune
Koho
New Canadian mobile neo-bank
HQ: Toronto, Canada
Latest round: $1.0 million Seed
Total raised: $1.0 million
Tags: Mobile banking, prepaid debit card, personal finance, PFM, consumer
Source: Crunchbase
Intelligent Point of Sale
iPad-based POS system
HQ: Edinburgh, Scotland, United Kingdom
Latest round: $770,000 Angel
Total raised: $770,000
Tags: Acquiring, POS, SMB
Source: Crunchbase
FreeAgent
Online accounting service
HQ: Edinburgh, Scotland, United Kingdom
Latest round: $300,000 Series B
Total raised: $5.3 million (includes $5 million debt)
Tags: Accounting, bookkeeping, accounts receivables, SMB, Finovate alum
Source: Crunchbase
Newgen Payments
Ecommerce & payments platform for online merchants
HQ: New Delhi, India
Latest round: Undisclosed Angel
Total raised: Unknown
Tags: Ecommerce, payments, SMB
Source: Crunchbase