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Fintech Fundings: 25 Companies Raise $450 Million Week Ending May 22

This money_treeweek, 25 companies raised $447 million ($362 million equity; $85 million debt). That’s the highest weekly number of companies funded since we began tracking in August 2014. It was a broad mix of sub-sectors, from crypto (Ripple) to alt-lending (Argon, eProdigy, Bitbond), payments (Wepay, Face++), fraud protection (Feedzai), personal finance tools (Credit Sesame, Planwise) and more.

The nearly half-billion this week brings the May total to $1.6 billion. And so far this year, more than $7 billion has been invested in the fintech sector. You can see the weekly reports here.

It was also a record week for Finovate alumni fundings with 9 companies raising $161 million (look further down the page for full details):

  • WePay $40 million
  • Actiance $28 million
  • Ripple $28 million
  • EDO Interactive $20 million
  • Feedzai $17.5 million
  • Credit Sesame $16 million
  • PayItSimple $10 million (line of credit)
  • Planwise $750,000
  • Bitbond $670,000

eProdigy Finance
Tools and programs for alt-lending to businesses
HQ: New York City, New York
Latest round: $100 million Private Equity
Total raised: $100 million
Tags: Lending, credit, underwriting, SMB
Source: Crunchbase

Argon Credit
Online consumer alt-credit
HQ: Chicago, Illinois
Latest round: $75 million debt
Total raised: $85.1 million ($5.1 million equity; $80 million debt)
Tags: Credit, underwriting, consumer, P2P, peer-to-peer, marketplace lending, personal loans
Source: Crunchbase

WePay
Payment services for online marketplaces
HQ: Palo Alto, California
Latest round: $40 million Series D
Total raised: $74.2 million
Tags: Payments, platforms, SMB, Finovate alum
Source: Finovate

Actiance
Enterprise communications platform
HQ: Redwood City, California
Latest round: $28 million
Total raised: $43.6 million
Tags: Analytics, enterprise, Finovate alum
Source: Finovate

Ripple Labs
Open source payment network
HQ: San Francisco, California
Latest round: $28 million
Total raised: $37 million
Tags: Cryptocurrency, virtual currency, currency exchange, Open Coin, Finovate alum
Source: Finovate

Face++
Payments via facial recognition
HQ: Bejing, China
Latest round: $25 million
Total raised: $47 million
Tags: Mobile payments, security, biometrics, Alibaba (customer)
Source: NFC World

EDO Interactive
Card-linked rewards and offers
HQ: Nashville, Tennessee
Latest round: $20 million
Total raised: $93.5 million
Tags: Merchant-funded rewards, debit cards, credit cards, advertising, Finovate alum
Source: FT Partners

Feedzai
Fraud-protection solutions for the enterprise
HQ: San Mateo, California
Latest round: $17.5 million Series B
Total raised: $22 million
Tags: Security, fraud protection, big data, Finovate alum
Source: Finovate

Credit Sesame
Credit reports and debt management
HQ: Mountain View, California
Latest round: $16 million Series D
Total raised: $35.4 million
Tags: Credit, credit scores, debt management, Finovate alum
Source: Finovate

Stride Health
Health insurance selection
HQ: San Francisco, California
Latest round: $13 million Series A
Total raised: $15.4 million
Tags: Insurance, lead gen, cost comparison, marketplace
Source: Crunchbase

Justworks
Payroll and benefits platform
HQ: New York City, New York
Latest round: $13 million
Total raised: $20 million
Tags: Payments, SMB, enterprise, HR, payroll
Source: FT Partners

PayItSimple
Financing at the point-of-sale
HQ: Herzliya, Israel
Latest round: $10 million Debt
Total raised:$10+ million
Tags: Credit, underwriting, POS, merchants, SMB, Finovate alum
Source: Finovate

Stox
Financial data for consumers
HQ: Vancouver, BC, Canada
Latest round: $8 million Series A
Total raised: $8 million
Tags: Investing, analytics, data
Source: Crunchbase

Palico
Online network for private equity community
HQ: New York City, New York
Latest round: $7.3 million
Total raised: $7.3 million
Tags: Investing, social network, private equity, institutional investors
Source: Crunchbase

YCharts
Investment analytics
HQ: Chicago, Illinois
Latest round: $6 million
Total raised: $14.7 million
Tags: Investing, data analytics, charting
Source: Crunchbase

Zeek
Giftcard and retail voucher marketplace
HQ: Tel Aviv, Israel
Latest round: $3 million Series A
Total raised: $3 million
Tags: Prepaid cards, gift cards
Source: Crunchbase

digitalBTC
Virtual currency
HQ: Bentley, Australia
Latest round: $2.8 million
Total raised: $2.8 million
Tags: Bitcoin, cryptocurrency
Source: Crunchbase

Funding Options
Financing search & matching service for businesses
HQ: London, United Kingdom
Latest round: $1.9 million ($6.5 million valuation)
Total raised: $1.9 million
Tags: lending, lead gen, SMB
Source: FT Partners

Planwise
Home buying tools
HQ: San Francisco, California
Latest round: $750,000
Total raised: $1.6 million
Tags: Mortgage, real estate, debt management, refi, Finovate alum
Source: Finovate

Bitbond
Bitcoin-denominated P2P lending
HQ: Berlin, Germany
Latest round: $670,000
Total raised: $900,000
Tags: P2p, peer-to-peer lending, underwriting, Bitcoin, Finovate alum
Source: Finovate

Magick
Online financial and FX trading
HQ: Copenhagen, Denmark
Latest round: $300,000
Total raised: Unknown
Tags: Trading, investing, FX, currency trading
Source: FT Partners

Public Fund Investing Tracking & Reporting (PFITR, LLC)
Public fund accounting and analytics
HQ: St. Louis, Missouri
Latest round: $50,000
Total raised: $800,000
Tags: Accounting, investing
Source: Crunchbase

Oradian
Microfinance solutions provider
HQ: Zagreb, Croatia
Latest round: Undisclosed Seed
Total raised: Unknown
Tags: P2P, underbanked, financial inclusion
Source: FT Partners

Pro Securities LLC (no website)
Alt-stock exchange
Old Bridge, New Jersey
Latest round: Undisclosed sale of 25% of company to Overstock
Total raised: Unknown
Tags: Investing, trading, Overstock (investor)
Source: FT Partners

Tilt (formerly CrowdTilt)
Money collection and management for groups
HQ: San Francisco, California
Latest round: Undisclosed at $400 million valuation
Total raised: $37+ million
Tags: Crowdfunding, social money management, P2P, peer-to-peer
Source: FT Partners