Back to Blog

Fintech Fundings: 21 Companies Raise $300 Million Week Ending July 17

Fintech Fundings: 21 Companies Raise $300 Million Week Ending July 17

wsj_vc_investingThe Wall Street Journal reported yesterday that venture fundings of $19.2 billion in Q2 were just shy of the peak dot-c0m era (see inset). While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech-startup funding was 5x to 10x more than in 1999/2000. Is there too much being invested? Maybe. But at least in fintech, there are vast opportunities to improve existing processes and open new markets.

Overall, it was another interesting week with Finovate alums prominently represented, accounting for nearly half (46%) of the $295 million invested globally in the fintech sector. Congratulations to Fenergo ($75 million); RealtyMogul ($35 million); Fastacash ($15 million); and Maluazai ($11 million).

In total, 21 companies raised $295.5 million, all in equity (as far as we know).

Here are the fundings from 11 July through 17 July 2015 in order of magnitude:

Fenergo
Regulatory compliance solutions for new account opening
HQ: Dublin, Ireland
Latest round: $75 million
Total raised: $80.4 million
Tags: Onboarding, compliance, KYC, account opening, Finovate alum
Source: Finovate

Ethoca
Merchant-issuer collaboration software
HQ: Toronto, Ontario, Canada
Latest round: $45 million
Total raised: $45 million
Tags: Security, merchant, card acquiring
Source: FT Partners

RealtyMogul
Marketplace lender for real estate projects
HQ: Los Angeles, California
Latest round: $35 million
Total raised: $45.1 million
Tags: Crowdfunding, mortgage, commercial real estate, P2P, person-to-person, lending, consumer, Finovate alum
Source: Finovate

Upstart
Online alt-lender
HQ: Palo Alto, California
Latest round: $35 million
Total raised: $42.7 million
Tags: Lending, near-prime, underwriting, consumer, loans
Source: Crunchbase

AcadiaSoft
Margin-call automation software
HQ:Pembroke, Massachusetts
Latest round: $30 million
Total raised: $34 million
Tags: Investing, credit, lending, margin, securities
Source: Boston Business Journal

Credit Benchmark
Independent source of consensus credit risk
HQ: London, United Kingdom
Latest round: $20 million
Total raised: $27 million
Tags: Underwriting, risk management, compliance, investing, enterprise, B2B
Source: FT Partners

Fastacash
Money and value-transfer platform
HQ: Singapore
Latest round: $15 million
Total raised: $23 million
Tags: Payments, social, mobile
Source: Finovate

Malauzai
Mobile banking platform
HQ: Austin, Texas
Latest round: $11 million
Total raised: $24 million
Tags: Digital banking, mobile
Source: Finovate

FlyPay
Mobile payment system for restaurants
HQ: Islington, England, United Kingdom
Latest round: $10.7 million Series A
Total raised: $12.4 million
Tags: Payments, mobile, mPOS, point of sale, acquiring, cards
Source: Crunchbase

Blender
Israel-based P2P loan platform
HQ: Tel Aviv, Israel
Latest round: $5 million Series A
Total raised: $5 million
Tags: P2P, lending, consumer, loans, underwriting, investing, marketplace lender
Source: Crunchbase More background: Pymnts

Estimize
Open earnings forecasts platform for investors
HQ: New York City, New York
Latest round: $3.6 million
Total raised: $6.2 million
Tags: Investing information, valuations, trading, stocks, crowdsourced, financials
Source: Crunchbase

TradingView
Investment information and research
HQ: Chicago, Illinois
Latest round: $3.6 million
Total raised: $4.3 million
Tags: Investing, research, trading, stock market
Source: Crunchbase

ClassWallet
Money-management solution for the classroom
HQ: Miami, Florida
Latest round: $1.9 million
Total raised: $3.1 million
Tags: Payments, wallet, education
Source: Crunchbase

QuikWallet (LivQuik)
Mobile point-of-sale system
Mumbai, India
Latest round: $1.6 million Seed
Total raised: $2.1 million
Tags: Payments, mobile, mPOS, merchants, acquiring, cards, SMB
Source: FirstPost

ShoCard
Identity verification via the blockchain
Latest round: $1.5 million Seed
Total raised: $1.5 million
Tags: Security, account opening, consumer, ID theft, privacy
Source: TechCrunch

Privitar
Big-data analytics for financial institutions
HQ: London, United Kingdom
Latest round: $1 million
Total raised: $1 million
Tags: Data analytics, business intelligence, BI
Source: FT Partners

Airbitz
Bitcoin wallet
HQ: San Diego, California
Latest round: $450,000
Total raised: $ million
Tags: Bitcoin, virtual currency, blockchain, mobile wallet
Source: FT Partners

GiftStarter
Platform for group gifting and payments
HQ: Seattle, Washington
Latest round: $125,000 Seed
Total raised: $160,000
Tags: Payments
Source: Crunchbase

Enepath
VoIP trading solutions
HQ: Singapore
Latest round: Undisclosed
Total raised: Unknown
Tags: Communications, VoIP
Source: FT Partners

LinQpay (unknown URL)
Digital payments solutions
HQ: Malta
Latest round: Undisclosed Seed ($10 million valuation)
Total raised: Unknown
Tags: Payments, prepaid cards, digital banking, mobile, global payments
Source: Crunchbase

MDX Technology
Market data solutions
HQ: London, United Kingdom
Latest round: Undisclosed
Total raised: Unknown
Tags: Trading, investing, enterprise, information
Source: FT Partners