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Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 12

money_treeFunding was up sharply this week with 18 companies raising a total of $232 million (includes $20 million in debt). The total included five Finovate alums:

  • Cachet Financial Solutions (public: CAFN) raised $4.4 million in a private placement, bringing their market cap to $8.6 million
  • Mobile POS provider SumUp added an undisclosed amount, bringing total funding to $45 million
  • Bright Funds raised a $1.8 million seed round for its charitable giving system that plugs right in to payroll and HR systems
  • BanktotheFuture raised $1 million for its about-to-launch equity crowdfunding platform
  • CashSentinel scored undisclosed seed funding to help expand its mobile payments and escrow service

So far this year, $7.5 billion has been invested in the sector, an average of $325 million per week.

Here are the deals from 5 to 12 June 2015, ranked by size:

PropertyGuru
Real estate platform
HQ: Singapore
Latest round: $129 million
Total raised: Unknown
Tags: Home purchase, mortgage, real estate search
Source: Crunchbase

Moula
Alt-lending platform to SMBs
HQ: Melbourne, Australia
Latest round:$30 million
Total raised: $30.9 million
Tags: Small business, lending marketplace, underwriting, crowdfunding, peer-to-peer, P2P, investing
Source: Crunchbase

LoanHero
Point-of-sale financing platform
HQ: Carlsbad, California
Latest round: $21.7 million ($1.7 million Seed; $20 million Debt)
Total raised: $22.1 million (includes $20 million debt)
Tags: Lending, POS, underwriting, alt-lending
Source: Crunchbase

Miura Systems
Payments hardware
HQ: Stokenchurch, United Kingdom
Latest round: $16 million
Total raised: $16 million
Tags: POS, point of sale, SMB, security, cards, merchant acquiring
Source: Crunchbase

eFileCabinet
Paperless systems for accounting and other industries
HQ: Lehi, Utah
Latest round: $14 million
Total raised: $25 million
Tags: Storage, fee income, cloud services
Source: Crunchbase

Cachet Financial Solutions
Remote deposit and mobile money solutions
HQ: Minneapolis, Minnesota
Latest round: $4.4 million private placement
Total raised: Unknown
Tags: Remote deposit, payments, funds transfer, mobile, check cashing, Finovate alum
Source: CNN Money

Clip
Mobile payments and rewards app for hospitality industry
HQ: Sydney, Australia
Latest round: $3.6 million (for 31%; $11.6 million valuation)
Total raised: Unknown
Tags: Payments, POS, point-of-sale, restaurant, bar, merchants, SMB, card acquiring
Source: FT Partners

Mobi724 Global Solutions
Mobile payments
HQ: Montreal, Quebec, Canada
Latest round: $3.0 million
Total raised: Unknown
Tags: PIN debit, cards
Source: FT Partners

Bright Funds
Charitable giving solution for enterprises
San Francisco, California
Latest round: $1.8 million Seed
Total raised: $3.0 million
Tags: Payments, enterprise, SMB, payroll, HR, Finovate alum
Source: Finovate

Control
Payments management platform
HQ: Vancouver, BC, Canada
Latest round: $1.5 million Seed
Total raised: $1.5 million
Tags: Payments, enterprise, analytics, business intelligence
Source: Crunchbase

Zane Benefits
Health insurance reimbursement system
HQ: Salt Lake City, Utah
Latest round: $1.5 million Seed
Total raised: $1.5 million
Tags: Healthcare, payments, SMB
Source: Crunchbase

Symbiont
Smart securities on the blockchain
HQ: New York City, New York
Latest round: $1.25 million Seed
Total raised: $1.25 million
Tags: Blockchain, investing, securities
Source: FT Partners

Create
Real estate information and workflow platform
HQ: Washington D.C.
Latest round: $1.1 million
Total raised: $2.2 million
Tags: Mortgage, investing, analytics, collaboration
Source: Crunchbase

BanktotheFuture
Equity crowdfunding platform
HQ: London, United Kingdom
Latest round: $1 million
Total raised: $1 million
Tags: P2P, peer-to-peer lending, underwriting, investing, SMB, small biz, Finovate alum
Source: Crunchbase

Open Bazaar
Bitcoin-based ecommerce marketplace
Latest round: $1 million
Total raised: $1 million
Tags: Cryptocurrency, ecommerce, payments, trading, barter, USV (investor), Andreessen Horowitz (investor)
Source: Coindesk

PrimaHealth Credit
Alt-lending for the elective surgery industry
HQ: Newport Beach, California
Latest round: $1 million Seed
Total raised: $1 million
Tags: Healthcare, payments, financing, credit, underwriting
Source: Crunchbase

SumUp
Mobile point-of-sale system
HQ: London, England, United Kingdom
Latest round: Undisclosed Series D
Total raised: $45 million
Tags: Payments, mPOS, point of sale, SMB, security, cards, merchant acquiring, Finovate alum
Source: Finovate

CashSentinel
Mobile payments with escrow
HQ: Yverdon-les-Bains, Switzerland
Latest round: Undisclosed Seed
Total raised: Unknown
Tags: Payments, SMB, peer-to-peer, escrow, Finovate alum
Source: Finovate