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Fintech Fundings: 23 Companies Raise $685 Million Week Ending 18 Dec 2015

holidaymoneyThere may be a bubble in tech investing. But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo.

In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. The vast majority went into alt-lending, including NYC-based Pave, $300 million; Australian P2P platform MoneyPlace, $60 million from Auswide Bank; and Chinese lenders Fengjr.com, $80 million, and Dashu Finance, $77 million.

Three Finovate alums banked a total of $65 million:

With just two holiday-shortened weeks remaining in the year, the total invested in private fintech companies YTD now stands at $18.8 billion.

Here are the deals by size from 12 Dec to 18 Dec 2015:

Pave
Person-to-person lender
Latest round: $300 million Private Equity
Total raised: $300 million
HQ: New York City, New York
Tags: Consumer, lending, youth market, alt-credit, underwriting, sub-prime, loans, P2P, investing
Source: Crunchbase, WSJ

Fengjr.com (aka Phoenix Finance)
Alt-lender to consumers
Latest round: $80 million
Total raised: $80 million
HQ: Beijing, China
Tags: Consumer, lending, underwriting, loans, credit
Source: FT Partners

Dashu Finance
Consumer alt-lender
Latest round: $77 million Series B
Total raised: $93 million
HQ: Shenzen, China
Tags: Consumer, lending, P2P, underwriting, loans
Source: Crunchbase

MoneyPlace
P2P lender
Latest round: $60 million; $300 million valuation
Total raised: Unknown
HQ: Australia
Tags: Consumer, lending, credit, loans, person-to-person, peer-to-peer, Auswide Bank (investor)
Source: Lets Talk Payments

Gusto (fka ZenPayroll)
Payroll services
Latest round: $50 million Series C
Total raised: $136.1 million
HQ: London, England, United Kingdom
Tags: SMB, payroll, payments, HR, Finovate alum
Source: Finovate

CloverHealth
Health insurance
Latest round: $35 million Series B
Total raised: $135 million
HQ: San Francisco, California
Tags: Consumer, insurance, healthcare, payments
Source: Crunchbase

NextCapital
Investing and portfolio management
Latest round: $16 million Series B
Total raised: $22.3 million
HQ: Chicago, Illinois
Tags: Consumer, investing, wealth management, 401(k), aggregation, portfolio management
Source: Crunchbase

Trulioo
Online identify verification
Latest round: $15 million
Total raised: $23.3 million
HQ: London, England, United Kingdom
Tags: Enterprise, security, authentication, security, Finovate alum
Source: Finovate

Oration
Tools for self-insured businesses
Latest round: $11.2 million Series A
Total raised: $12.2 million
HQ: Foster City, California
Tags: Enterprise, SMB, insurance, healthcare, payments
Source: Crunchbase

FinTech Group
Diversified financial technology provider
Latest round: $11 million Post-IPO equity
Total raised: Unknown
HQ: Frankfurt, Germany
Tags: Enterprise, payments, IT solutions, trading, investing management
Source: FT Partners

Bench
High-tech and high-touch bookkeeping services
Latest round: $6.1 million
Total raised: $16.1 million
HQ: Vancouver, British Columbia, Canada
Tags: Accounting, SMB, bookkeeping, Techstars, Vancouver, Canada
Source: Crunchbase

CardLab
Residential and commercial property search
Latest round: $6.0 million Series A
Total raised: $6.0 million
HQ: Herlev, Denmark
Tags: Enterprise, credit/debit cards, hardware, card manufacturing
Source: Crunchbase

DealCloud
Workflow tool for investment bankers
Latest round: $5.3 million Series A
Total raised: $5.57 million
HQ: Charlotte, North Carolina
Tags: Enterprise, investing, trading, deals, investment banking
Source: Crunchbase

Gastrofix
Point-of-sale system for restaurants and hotels
Latest round: $4 million Series A
Total raised: $4 million
HQ: Berlin, Germany
Tags: SMB, payments, POS, ePOS, mPOS, credit/debit card acquiring, merchants
Source: Crunchbase

TransferGo
Remittance service
Latest round: $2.5 million Seed
Total raised: $2.5 million
HQ: London, England, United Kingdom
Tags: Consumer, payments, remittances, fx, mobile
Source: Crunchbase

Factom
Blockchain technology for businesses
Latest round: $1.5 million
Total raised: $3.04 million
HQ: Austin, Texas
Tags: B2B, SMB, blockchain, bitcoin, cryptocurrency
Source: Crunchbase

Indexa Capital
Low-cost investment portfolio management
Latest round: $1.2 million
Total raised: $1.2 million
HQ: Madrid, Spain
Tags: Consumer, investing, mutual funds, wealth management
Source: FT Partners

Bewa7er
Secondary market for private company shares
Latest round: $1 million Seed
Total raised: $1.24 million
HQ: Bilbao, Spain
Tags: SMB, consumer, trading, equity, investing
Source: Crunchbase

PayJoy
Consumer point-of-sale financing
Latest round: $1 million Debt
Total raised: $2.3 million
HQ: Palo Alto, California
Tags: Consumer, lending, point-of-sale financing, payments, loans, lending, underwriting
Source: Crunchbase

Capcito
Receivables financing
Latest round: $600,000
Total raised: $600,000
HQ: Stockholm, Sweden
Tags: SMB, factoring, financing, commercial lending, underwriting
Source: Crunchbase

Nous Global Markets
Crowdsourcing financial market predictions
Latest round: $290,000
Total raised: $1.9 million
HQ: London, England, United Kingdom
Tags: Consumer, trading, investing, gamification Finovate alum
Source: Finovate

DotDashPay
Payments for the internet of things
Latest round: $250,000 Award
Total raised: $250,000
HQ: Oakland, California
Tags: B2B, SMB, IoT, payments, API, developers
Source: Crunchbase

VentureCrowd
Platform for investing in startups
Latest round: Undisclosed
Total raised: Unknown
HQ: Sydney, Australia
Tags: SMB, investing, crowdfunding, equity, P2P
Source: Crunchbase