As expected, capital flow heated up as the new year truly got underway this week. Globally, 15 fintech companies attracted $157 million in new capital (see note below). More than half the total ($84 million) went to Finovate alums App Annie ($55 million), PeerTransfer ($22 million) and Global Debt Registry ($7 million).
There was also an important exit in the space, with Capital One buying up yet another promising personal finance startup, Level, the creator of mobile PFM LevelMoney.
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Note: App Annie would not be considered “fintech” by most definitions. But the fact that it targets financial services, among other verticals, and has appeared at Finovate, qualifies it for our tracking. Excluding App Annie, the fintech sector pulled in $102 million this week.
Fundings (Jan 9 to 16, 2015 in order of size)
Business intelligence for mobile applications
Latest round: $55 million
Total raised: $94 million
Tags: Mobile, apps, San Francisco, California, Finovate alum
Source: Finovate
Microfinance for Chinese college students to buy goods
Latest round: $40 million
Total raised: $40 million
Tags: Ecommerce, lending, loans, student segment, Rayleigh, China
Source: TechInAsia
Remittance processing for international student tuition
Latest round: $22 million
Total raised: $42.3 million
Tags: Payments, funds transfer, student market, remittance processing, Boston, Massachusetts, Finovate alum
Source: Finovate
Revenue optimization systems for financial institutions
Latest round: $15 million
Total raised: $18.9 million
Tags: Business intelligence, metrics, Tel Aviv, Israel
Source: Crunchbase
Personal lending marketplace
Latest round: $7.7 million
Total raised: $7.7 million
Tags: Person-to-person loans, P2P, credit, investing, marketplace, Trade Me (investor), Aukland, New Zealand
Source: FT Partners
Clearinghouse for charged-off consumer debt obligations
Latest round: $7 million
Total raised: $7 million
Tags: Debt, collections, lending, Wilmington, Delaware, Finovate alum
Source: Finovate
Amazon web services for the blockchain
Latest round: $3.1 million
Total raised: $3.1 million
Tags: Bitcoin, cloud services, cryptocurrency, blockchain, San Mateo, California
Source: Crunchbase
Indonesian giftcard startup
Latest round: $2 million
Total raised: $2 million
Tags: prepaid cards, debit, gift card, Indonesia
Source: Crunchbase
Payment and marketing services
Latest round: $2 million
Total raised: $2 million
Tags: Payments, marketing, SMB, Bucharest, Romania
Source: FT Partners
Unbiased financial advise as an employee benefit
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Personal finance management, PFM, advise, employee benefits, Charleston, South Carolina
Investor services platform
Latest round: $1.1 million
Total raised: $1.1 million
Tags: Hedge fund, mutual fund, compliance, back-office, enterprise, New York City
Source: Crunchbase
mSignia bitcoin wallet
Latest round: $500,000
Total raised: $500,000
Tags: Cyrptocurrency, bitcoin, wallet, security, San Diego, California
Source: FT Partners
Parallel computing for financial calculations
Latest round: $400,000
Total raised: $400,000
Tags: Investing, trading, infrastructure, Boston, Massachusetts
Source: Crunchbase
Payment processor for the clinical trials industry
Latest round: Undisclosed
Total raised: $1.5+ million
Tags: Health care, payments, acquirer, merchant, King of Prussia, Pennsylvania
Source: FT Partners
Payment security technology
Latest round: Undisclosed
Total raised: Unknown
Tags: Security, payments, Allen, Texas
Source: FT Partners
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Exits
LevelMoney mobile personal financial management
Acquirer: Capital One
Terms: Undisclosed
Funds raised: $5 million
Tags: PFM, money management, mobile app, personal finance
Source: The Verge
Health record and financial solutions for smaller health care provider
Acquirer: Athenahealth
Terms: Undisclosed
Funds raised: Unknown
Tags: Healthcare, payments,
Source: Fortune