While the week got off to a slow start, the money arrived in buckets the past 48 hours. Counting the $250 million in new debt to alt-small-biz lender LiftForward, the weekly total was $454 million. But the more widely tracked equity total was still a sizable $204 million across 20 companies including three Finovate alums: Apprenda which raised an impressive $24 million; DealStruck with $10 million to fuel its small-biz lending; and Revolut bringing in $2.3 million for its mobile P2P payment service.
The biggest equity round ($50 million) went to Remedy Partners, a Connecticut-based health tech company. While not a pure fintech play, we included it here because its primary customers are the big insurers, including the U.S. government. The second biggest round was also in the insurance arena, as Sweden’s BIMA (aka Milvik) raised $38 million for its micro-insurance products in emerging markets.
Here are the deals from 18 July through 24 July 2015, ranked by size:
Remedy Partners
Bundled care and payment programs for health insurers
HQ: Darien, Connecticut
Latest round: $50 million Series B
Total raised: $86.2 million
Tags: Insurance, health care, payments, accounts receivable, accounting
Source: Crunchbase
BIMA (Milvik)
Mobile insurance provider in emerging markets
HQ: Stockholm, Sweden
Latest round: $38.4 million Series C
Total raised: $60.4 million
Tags: Insurance, mobile, underbanked, pay-as-you-go, microinsurance
Source: Crunchbase
Mswipe
Mobile point-of-sale solution for feature phones
HQ: Mumbai, India
Latest round: $25 million Series C
Total raised: Unknown
Tags: mPOS, acquiring, credit and debit cards, payments, merchants, SMB
Source: Crunchbase
Apprenda
Platform-as-a-service provider
HQ: Troy, New York
Latest round: $24 million
Total raised: $55 million
Tags: Enterprise, development platform, Finovate alum
Source: Finovate
CircleBack Lending
Consumer lending P2P marketplace
HQ: Boca Raton, Florida
Latest round: $17.5 million Series A
Total raised: $22 million
Tags: Lending, credit, consumer, loans, investing, person-to-person
Source: Crunchbase
DealStruck
Marketplace lender for small biz
HQ: Carlsbad, California
Latest round: $10 million Series B
Total raised: $69.5 million ($19.5 million equity; $50 million debt)
Tags: Lending, underwriting, loans, SMB, P2P, peer-to-peer, investing, Finovate alum
Source: Crunchbase
Innovati
Payment-acceptance technology
HQ: Bangalore, India
Latest round: $5 million
Total raised: $6.6 million
Tags: Payments, merchants, POS, point-of-sale, acquiring, SMB
Source: Crunchbase
DataFox
Discover and track companies for investing, sales
HQ: San Francisco, California
Latest round: $5 million
Total raised: $6.8 million
Tags: Investing, sales, business development
Source: Crunchbase
Procurify
Corporate-purchasing management
HQ: Richmond, British Columbia, Canada
Latest round: $4 million
Total raised: $5.2 million
Tags: Purchasing, expense management, expense reports, accounts payable, accounting
Source: Crunchbase
Bitx
Bitcoin wallet and payments
HQ: Singapore
Latest round: $4 million
Total raised: $4.8 million
Tags: Digital wallet, bitcoin, blockchain, mobile, payments, South Africa (market)
Source: FT Partners
Limelight Health
Sales tools for insurance agents
HQ: California City, California
Latest round: $3 million Series A
Total raised: $3 million
Tags: Healthcare, insurance, brokers, sales, quotes
Source: Crunchbase
Mint Payments
Mobile point-of-sale system
HQ: Sydney, Australia
Latest round: $2.9 million
Total raised: Unknown
Tags: mPOS, SMB, payments, cards, acquiring, merchants
Source: FT Partners
Investorist
Investing and selling platform for raw land property
HQ: Melbourne, Australia
Latest round: $2.5 million Seed
Total raised: $2.5 million
Tags: Real estate, investing, off-the-plan property, B2B, SMB, enterprise
Source: Crunchbase
Revolut
P2P mobile payments and remittances
HQ: London, England, United Kingdom
Latest round: $2.3 million Seed
Total raised: $2.8 million
Tags: Payments, fx, remittance, mobile, prepaid debit card, Finovate alum
Source: Finovate
MoneyMover
Remittance provider
HQ: Cambridge, England, United Kingdom
Latest round: $1.6 million
Total raised: Unknown
Tags: Payments, fx, SMB, funds transfer
Source: FT Partners
Fortress Risk Management
Enterprise risk-management services for financial institutions
HQ: South Glastonbury, Connecticut
Latest round: $1 million
Total raised: $5.1 million
Tags: Security, enterprise, business intelligence, compliance, ERM, fraud protection
Source: Crunchbase
Factom
Using the blockchain for managing records
HQ: Austin, Texas
Latest round: $1 million Series A
Total raised: $1.1 million
Tags: Bitcoin, blockchain, cryptocurrency
Source: Crunchbase
Self Lender
Credit-building service
HQ: Austin, Texas
Latest round: $500,000 Seed
Total raised: $2.6 million
Tags: Lending, loans, consumer, credit score, underwriting
Source: Crunchbase
Bankers Toolbox
Risk and compliance management for financial institutions
HQ: North Hollywood, California
Latest round: Undisclosed
Total raised: Unknown
Tags: Compliance
Source: FT Partners
Cermati
Indonesian consumer financial services hub
HQ: Jakarta, Indonesia
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, lead generation, advertising, deposits, credit
Source: Crunchbase
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Debt only
LiftForward
Alt-lender to small- and mid-sized businesses
HQ: New York City, New York
Latest round: $250 million Debt
Total raised: $261.3 million ($2.3 million equity, $259 million debt)
Tags: Lending, credit, SMB
Source: Crunchbase
Argos Risk
Credit risk management tools for small businesses
HQ: Minneapolis, Minnesota
Latest round: $200,000 Debt
Total raised: $2 million
Tags: SMB, accounts receivables, trade finance, underwriting
Source: Crunchbase
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