Funding to the fintech sector maintained pace this week with another quarter-billion ($234.3 million) added to the bank accounts of 17 startups worldwide. The biggest pure-equity round went to Finovate-alum CoverHound, an insurance portal gaining favor with the VC community.
There were several interesting acquisitions including French bank Credit Mutual Arkea paying a reported $56 million for a majority stake (86%) in payment processor Leetchi, aka MangoPay. But the big news in the Finovate office was the acquisition of crowd-favorite BillGuard by one of our inaugural presenters, and double-unicorn, Prosper.
So far this year, fintech companies have raised $13.2 billion.
Here are the deals announced from 19 Sep to 25 Sep 2015, by size:
Harmoney
Consumer marketplace lender
HQ: Auckland, New Zealand
Latest round: $127 million (debt and equity)
Total raised: $135 million
Tags: Consumer, p2p, lending, credit, loans, investing
Source: P2P-Banking
CoverHound
Insurance portal
HQ: San Francisco, California
Latest round: $33.3 million; $100 million valuation
Total raised: $53 million
Tags: Consumer, insurance, lead gen, quotes, Finovate alum
Source: Finovate
DriverUp
Auto lending marketplace lender
HQ: Austin, Texas
Latest round: $20 million
Total raised: $70 million
Tags: Consumer, automobiles, auto loans, P2P lending, credit, investing
Source: Crunchbase
G-Banker
Gold trading platform
HQ: Bejing, China
Latest round: $16.8 million Series B
Total raised: $16.8+ million
Tags: Gold, investing, wealth management, trading, online-to-offline
Source: Crunchbase
Leetchi
Payment processor, aka MangoPay
HQ: France
Latest round: $11.1 million; $65 million valuation
Total raised: $56 million
Tags: Consumer, peer-to-peer payments, P2P, group payments, Credit Mutual Arkea (investor, majority owner)
Source: FT Partners, TechCrunch
Steller
Public infrastructure for money
HQ: San Francisco, California
Latest round: $7 million
Total raised: $10 million
Tags: Payments, blockchain, open source, developers, bitcoin, cryptocurrency, Stripe (investor), nonprofit
Source: FT Partners
PeerNova
Distributed financial platform
HQ: San Jose, California
Latest round: $6 million
Total raised: $19 million
Tags: Blockchain, bitcoin, cryptocurrency, enterprise
Source: WhoGotFunded
Ancoa
Risk management
HQ: London, England, United Kingdom
Latest round: $4.7 million Series A
Total raised: $6.3 million
Tags: Enterprise, security, regulations, compliance, fraud protection
Source: FT Partners
BestDealFinance
Financial services comparison portal
HQ: India
Latest round: $3 million Series A
Total raised: $3 million
Tags: Consumer, banking, loans, insurance, credit, lead gen
Source: Crunchbase
ModernAdvisor
Online investment advisory
HQ: Vancouver, British Columbia, Canada
Latest round: $2.2 million
Total raised: $2.2 million
Tags: Consumer, wealth management, investing, asset management
Source: Crunchbase
Novicap
Online invoice marketplace
HQ: London, England, United Kingdom
Latest round: $1.7 million
Total raised: $3.4 million
Tags: SMB, accounts receivables financing, factoring, trade finance
Source: Crunchbase
Ledge
Mobile P2P lending platform
HQ: Santa Monica, California
Latest round: $900,000 Seed
Total raised: $900,000
Tags: Consumer, loans, peer-to-peer, mobile
Source: Crunchbase
PaySur
Funds-transfer platform
HQ: Leon, Mexico
Latest round: $250,000
Total raised: $275,000
Tags: Consumer, payments, remittances, electronic transfers
Source: Crunchbase
Neotrade Analytics
Trading data provider
HQ: Bangalore, India
Latest round: $230,000
Total raised: $230,000
Tags: Trading, investing, enterprise, securities, data, analytics
Source: FT Partners
Crowdway (stealth website)
Financial markets analysis
HQ: Milan, Italy
Latest round: $170,000 Seed
Total raised: $170,000
Tags: Investing, information, trading, analytics, investors, wealth management
Source: Crunchbase
ConnectAbank
Financial services comparison portal
HQ: Mumbai, India
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, banking, loans, insurance, credit, lead gen
Source: Crunchbase
Stockbit
Financial markets analysis
HQ: Jakarta, Indonesia
Latest round: Unknown
Total raised: Unknown
Tags: Investing, information, trading, analytics, investors, wealth management
Source: Crunchbase
StockRadar
Mobile stock trading information
HQ: Bejing, China
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, trading, investing, stocks, analytics, Microsoft (investor)
Source: Crunchbase