Back to Blog

Fintech Fundings: 26 Companies Raise $1 Billion Week Ending 20 Nov 2015

Fintech Fundings: 26 Companies Raise $1 Billion Week Ending 20 Nov 2015

money_tree_newLarge swaths of cash flowed into the global fintech sector last week. All told, 26 companies brought in $1.06 billion. A quarter of the total was Square’s IPO ($243 million), another $330 million was debt, with the remaining $479 million being VC/angel funding.

In addition to Square, two companies topped $100 million: student and personal loan startup Earnest ($75 million equity; $200 million debt) and Australia’s ZipMoney ($1 million equity; $100 million debt).

Two Finovate alums landed new rounds: $5 million to Tuition.io which enables employers to help pay down employee student loan debt and Nous, a crowdsourced investment-information platform, which raised $290,000.

Year-to-date, the total raised is $17.7 billion, or about $24 billion counting the payments-company IPOs (Worldpay, First Data, Square).

Here are the fundings by size from 14 Nov to 20 Nov 2015:

Earnest
Alt-personal and student lender
Latest round: $275 million ($75 million equity; $200 million debt)
Total raised: $299.1 million ($99.1 million equity; $200 million debt)
HQ: San Francisco, California
Tags: Consumer, credit, lending, underwriting, loans, student loan refinancing
Source: Crunchbase

Square
Payment processor and small-business lender
Latest round: $243 million (IPO)
Total raised: $833 million
HQ: San Francisco, California
Tags: Consumer, SMB, payments, point-of-sale, mPOS, acquiring, merchant, credit/debit cards
Source: LA Times, Crunchbase

ZipMoney
Financing online consumer purchases
Latest round: $101 million ($1 million equity; $100 million debt)
Total raised: $101 million (includes $100 million debt)
HQ: Sydney, Australia
Tags: Consumer, SMB, B2B2C, financing, lending, underwriting, ecommerce, payments
Source: Crunchbase

Ebury
Global funds-transfer service for businesses
Latest round: $83 million
Total raised: $119 million
HQ: London, England, United Kingdom
Tags: Enterprise, SMB, accounts payables, payments, FX, trade finance
Source: Crunchbase

LQD Business Finance
Online small-business financing
Latest round: $30 million Debt
Total raised: $30 million Debt
HQ: Chicago, Illinois
Tags: SMB, commercial lending, credit, loans
Source: Crunchbase

Openhouse
Real estate discovery app
Latest round: $13.5 million
Total raised: $19.5 million
HQ: Santa Monica, California
Tags: Consumer, real estate, home buying, mortgage
Source: Crunchbase

Align Commerce
Payment service provider for global commerce
Latest round: $12.5 million
Total raised: $12.5 million
HQ: San Francisco, California
Tags: Enterprise, SMB, payments, bitcoin, FX, trade finance
Source: Crunchbase

Sensible Lender
P2P property lender
Latest round: $10.6 million
Total raised: $10.6 million
HQ: Kent, England, United Kingdom
Tags: P2P lending, investing, mortgage, underwriting, crowdfunding
Source: FT Partners

Hanweck Associates
Real-time risk analytics for financial institutions
Latest round: $10 million
Total raised: $10 million
HQ: New York City, New York
Tags: Security, risk management
Source: FT Partners

Card.com
Prepaid card platform
Latest round: $9 million
Total raised: $12 million
HQ: Santa Monica, California
Tags: Consumer, debit card, gift card, payments, card management
Source: Crunchbase

Intersections
Identity-protection services
Latest round: $7.5 million Post-IPO equity*
Total raised: Unknown
HQ: Chantilly, Virginia
Tags: Consumers, enterprise, security, credit report monitoring
Source: Crunchbase, BusinessWire

SalaryFinance
Payroll-based lender
Latest round: $6.1 million
Total raised: $6.1 million
HQ: London, England, United Kingdom
Tags: Enterprise, SMB, B2B2C, consumer credit, lending, underwriting, employee benefits
Source: Crunchbase

Tution.io
Student loan repayment service for employers
Latest round: $5 million
Total raised: $8.15 million
HQ: Santa Monica, California
Tags: Student lending, employee benefit, SMB, enterprise, Finovate alum
Source: Finovate

Prepaid Financial Services
Prepaid card services
Latest round: $3.8 million (at $75 million valuation)
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Consumer, SMB, prepaid cards, debit cards
Source: FT Partners

Vanare
Wealth management system for advisors
Latest round: $3.35 million
Total raised: $3.35 million
HQ: New York City, New York
Tags: Advisers, investing, asset management, robo-adviser
Source: Crunchbase

Peppermint Innovation
Mobile banking and payments platform
Latest round: $2.7 million
Total raised: $2.7 million
HQ: Australia
Tags: Payments, mobile, remittances, banking, Indonesia (market)
Source: FT Partners

GoodBox
Mobile ecommerce and payments platform
Latest round: $2.5 million
Total raised: $2.7 million
HQ: Bangalaru, India
Tags: SMB, payments
Source: FT Partners

ietty
Home discovery platform
Latest round: $1.6 million
Total raised: $4.0 million
HQ: Tokyo, Japan
Tags: Consumer, real estate, home buying, mortgage
Source: Crunchbase

iBox
Mobile point-of-sale solution
Latest round: $1.3 million Seed
Total raised: $4.8 million
HQ: Hong Kong, China
Tags: SMB, payments, mPOS, merchants, acquiring, hardware, credit/debit cards
Source: Crunchbase

Health Solutions One
Online health insurance broker
Latest round: $1 million Seed
Total raised: $2 million
HQ: Roswell, Georgia
Tags: Consumer, insurance, price comparison, lead gen
Source: Crunchbase

Bitwage
Bitcoin-based international payroll
Latest round: $750,000
Total raised: $750,000
HQ: Sunnyvale, California
Tags: SMB, enterprise, payments, human resources, cryptocurrency, payroll
Source: Crunchbase

Stampery
Proof of ownership via the blockchain
Latest round: $600,000
Total raised: $600,000
HQ: San Francisco, California
Tags: SMB, consumer, blockchain, security, contracts, security
Source: Crunchbase

Fintec Labs
Banking and insurance incubator
Latest round: $350,000 ($2.3 million valuation)
Total raised: $745,000
HQ: South Africa
Tags: Insurance, SMB, startups
Source: Crunchbase

Nous Global Markets
Crowdsourcing financial market predictions
Latest round: $460,000
Total raised: $1.6 million
HQ: London, England, United Kingdom
Tags: Consumer, trading, investing, gamification Finovate alum
Source: Finovate

POM
Secure invoice payment
Latest round: $200,000
Total raised: $200,000
HQ: Viaams-Brabant, Belgium
Tags: SMB, payments, accounting, accounts receivables
Source: FT Partners

ScramCard
Ultra-secure consumer payments device
Latest round: Undisclosed
Total raised: Unknown
HQ: Hong Kong, China
Tags: Consumer, B2B2C, credit/debit card, payments, security, token, hardware
Source: Crunchbase