For the 12th consecutive week, there were 20+ fintech fundings worldwide. Total dollar value was $218 million, which includes $29 million of debt. YTD, the total number of deals stands at 313, double last year’s 158. Total dollars raised, $6.2 billion YTD, is also double the $3.2 billion at this point last year.
The number of deals was inflated somewhat by the six new fintech companies launched at YC’s demo day that we had not previously covered. In total, there were 13 fintech startups (or 15 by the Bank Innovations definition), 12% of the total YC W16 class of 109.
Three Finovate alums brought in new cash:
- Kreditech raised $11 million for its banking and lending services for the underbanked
- CurrencyFair brought in $9 million for its P2P international transfer service
- Jumio landed $3.7 million in debt (debtor in possession) from primary backer Edward Saverin, as the company restructured its financing
Here are the fintech deals by size from 19 March to 25 March 2016:
Open Lending
Automated lending solutions for financial institutions
Latest round: $40 million
Total raised: $50 million
HQ: Austin, Texas
Tags: Enterprise, lending, loans, credit, underwriting
Source: Crunchbase
Edgewater Markets
Foreign exchange aggregation & distribution
Latest round: $30 million Private Equity
Total raised: Unknown
HQ: New York City
Tags: Institutional, SMB, foreign exchange, FX, remittances, treasury
Source: Crunchbase
Flexiti Financial
Point-of-sale financing for retailers
Latest round: $25 million Debt
Total raised: Unknown
HQ: Toronto, Ontario, Canada
Tags: SMB, consumer lending, loans, POS, merchants, in-store financing
Source: Crunchbase
Maxwell Health
Payroll & beneifts platform
Latest round: $22 million Series C
Total raised: $56.4 million
HQ: Boston, Massachusetts
Tags: SMB, payroll, human resources, insurance, HR, benefits, healthcare
Source: Crunchbase
HomeUnion
Real estate investment marketplace
Latest round: $16 million Series B
Total raised: $21.5 million
HQ: Irvine, California
Tags: Consumers, lending, mortgage, credit, underwriting, investing
Source: Crunchbase
FriendSurance
Peer-to-peer insurance provider
Latest round: $15.3 million
Total raised: $15.3 million
HQ: Berlin, Germany
Tags: Consumers, insurance, P2P, crowdfunding
Source: Crunchbase
GoCardless
Recurring billing services for small businesses
Latest round: $13 million
Total raised: $24.8 million
HQ: London, England, UK
Tags: SMB, billing, payments, billpay, ebilling, Y Combinator (investor)
Source: Crunchbase
Kreditech Holding
Banking services for the underbanked
Latest round: $11 million (last part of $103 million Series C)
Total raised: $366 million (includes $215 million debt)
HQ: Hamburg, Germany
Tags: Consumers, lending, banking, underwriting, algorithmic banking, APIs, Finovate alum
Source: Finovate
GrouPay
Payment collection services from groups
Latest round: $10.9 million
Total raised: $19.25 million
HQ: London, England, UK
Tags: SMB,SMB, billing, payments, billpay, ebilling
Source: Crunchbase
CurrencyFair
P2P international funds transfer marketplace
Latest round: $9 million
Total raised: $24.4 million
HQ: Dublin, Ireland
Tags: Consumers, SMB, remittances, FX, currency, payments, Finovate alum
Source: Finovate
Eliptic
Blockchain forensics tools
Latest round: $5 million
Total raised: $7 million
HQ: London, England, UK
Tags: Enterprise, SMB, blockchain, bitcoin, virtual currency, cryptocurrency, fraud, security
Source: Crunchbase
CrowdStreet
Commercial real estate crowdfunding marketplace
Latest round: $4.92 million Series A
Total raised: $6.27 million
HQ: Portland, Oregon
Tags: Consumers, lending, loans, credit, underwriting, real estate, commercial mortgage, investing, P2P, peer-to-peer
Source: Crunchbase
Stocard
Mobile wallet
Latest round: $4.5 million
Total raised: $6.66 million
HQ: Mannheim, Germany
Tags: Consumers, SMB, merchants, payments, loyalty, rewards, POS
Source: Crunchbase
Jumio
Authentication services
Latest round: $3.7 million Debt
Total raised: $36.7 million
HQ: Palo Alto, California
Tags: SMB, enterprise, fraud prevention, security, mobile account opening, Finovate alum
Source: Crunchbase, TechCrunch
Airwallex
Online foreign exchange services
Latest round: $2 million Angel
Total raised: $3 million
HQ: Melbourne, Australia
Tags: Consumers, lending, student loans, credit, underwriting
Source: Crunchbase
Fina Zero
Lending portal
Latest round: $1.2 million
Total raised: $1.2 million
HQ: Sweden
Tags: Consumers, lending, credit, price comparison, lead gen, discovery
Source: Crunchbase
Front Desk
Mobile business scheduling, invoicing & payments platform
Latest round: $1 million
Total raised: $15.7 million
HQ: Seattle, WA
Tags: SMB, invoicing, payments, accounts receivables, accounting bookkeeping
Source: FT Partners
RSK Labs
Smart contract platform tied to bitcoin
Latest round: $1 million
Total raised: $1 million
HQ: California
Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain
Source: FT Partners
Aspire Financial
Connects marketplace lenders to institutional capital
Latest round: $750,000 Seed
Total raised: $750,000
HQ: Toronto, Canada (Twitter)
Tags: Consumers, lending, student loans, credit, underwriting
Source: Crunchbase
Hockeystick
Financial data for private equity funds
Latest round: $600,000 Seed
Total raised: $600,000
HQ: Toronto, Ontario, Canada
Tags: Investors, big data, business intelligence, investing, capital markets
Source: Crunchbase
Creditseva.com
Credit management tools
Latest round: $360,000
Total raised: $375,000
HQ: Hyderabad, India
Tags: Consumers, lending, student loans, credit, underwriting
Source: Crunchbase
AlphaFlow
Real estate investing management platform for consumers
Latest round: $120,000 Seed
Total raised: Unknown
HQ: California
Tags: Consumers, investing, mortgage, lending, real estate, P2P, Y Combinator (investor)
Source: Techcrunch
Emburse
Debit card with company-driven expense rules
Latest round: $120,000
Total raised: $ million
HQ: San Francisco, California
Tags: SMB, expense management, expense reports, debit card, prepaid, accounting, bookkeeping, Y Combinator (investor), Community Federal Savings Bank (issuer)
Source: Techcrunch
Landed
Crowdfunding down payments for home purchase
Latest round: $120,000
Total raised: Unknown
HQ: San Francisco, California
Tags: Consumers, mortgage, P2P, peer-to-peer, credit, peer-to-peer, real estate, HR, benefits, Y Combinator (investor)
Source: Techcrunch
LendEDU
Student loan refinancing portal
Latest round: $120,000 Seed
Total raised: Unknown
HQ: Cedar Rapids, Iowa
Tags: Consumers, lending, student loans, credit, price comparison, discovery, lead gen, Y Combinator (investor)
Source: Techcrunch
Meter Feeder
Payment technology for parking meters
Latest round: $120,000 Seed
Total raised: Unknown
HQ: Braddock, Pennsylvania
Tags: Government, payments, merchants, acquiring, credit/debit cards, mobile, Y Combinator (investor)
Source: Crunchbase
Paystack
Nigerian online credit card processor
Latest round: $120,000 Seed
Total raised: Unknown
HQ: California
Tags: SMB, merchants, acquiring, credit/debit cards, acquiring, Y Combinator (investor)
Source: TechCrunch
LiquidX
Marketplace for trade finance assets
Latest round: Not disclosed
Total raised: Unknown
HQ: New York City
Tags: SMB, enterprise, commercial lending, financing, commercial credit
Source: FT Partners