For the third week in a row, the number of deals flirted with the single-week record of 39. This week, 35 fintech companies worldwide raised $469 million the second week of June. Included were three Finovate alums:
- Cachet Financial Systems recorded a $2.55 million convertible note to further its remote deposit business
- StockTwits took in $2 million for its trading information platform
- Sezzle grabbed $500,000 to enhance its pay-by-bank-transfer service
The total number of deals YTD stands at 662, double last year’s 338. Total dollars raised YTD is now $16.8 billion, $9 billion more than the $7.8 billion raised during the same period a year ago.
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Fintech deals by size from 11 June to 17 June 2016:
Fenqile
Consumer microlender
Latest round: $235 million Series D
Total raised: $335 million
HQ: Shenzen, China
Tags: Consumer, lending, underwriting, alt-lending, purchase finance, ecommerce, installment loans
Source: FT Partners
Payoff
Credit card payoff loans
Latest round: $46.76 million Series C
Total raised: $71.56 million
HQ: Costa Mesa, California
Tags: Consumer, lending, underwriting, alt-lending, loans, personal financial management
Source: Crunchbase
Shanghai Suntime Information Technology
Financial data provider
Latest round: $35 million ($140 million valuation)
Total raised: $35 million
HQ: Shanghai, China
Tags: Institutions, investing, trading, information, analytics, Ant Financial (investor)
Source: FT Partners
Better Mortgage
Mortgage lender
Latest round: $30 million Series A
Total raised: $30 million
HQ: New York City, New York
Tags: Consumer, lending, home buying, real estate purchase
Source: Crunchbase
LEAGUE
Digital health insurance platform
Latest round: $25 million Series A
Total raised: $25 million
HQ: Wilmington, Delaware
Tags: SMB, consumer, healthcare, benefits, insurance, health savings accounts, billing, payments
Source: FT Partners
FinLeap
Fintech company builder
Latest round: $23.6 million Series A
Total raised: $23.6 million
HQ: Berlin, Germany
Tags: SMB, banking, insurance, payments
Source: Crunchbase
ClearTax (ClearSharp Technology)
Income tax prep
Latest round: $12 million Series A
Total raised: $15.4 million
HQ: New Delhi, India
Tags: Consumer, tax preparation
Source: Crunchbase
PromisePay
Payments for marketplaces
Latest round: $10 million Series A
Total raised: $12.25 million
HQ: Collingwood, Australia
Tags: SMB, payments, mobile, credit/debit cards, POS, point-of-sale, acquiring, merchants
Source: Crunchbase
Tapp Commerce
Alt-payments
Latest round: $9 million Series A
Total raised: $9 million
HQ: Turku, Finland
Tags: Consumer, payments, mobile, ecommerce, barter, virtual currency, bitcoin, P2P, person to person
Source: Crunchbase
Overbond
Bond issuing platform
Latest round: $7.5 million Seed
Total raised: $7.5 million
HQ: Toronto, Ontario, Canada
Tags: Enterprise, SMB, investing, fixed income
Source: Crunchbase
Software Group
Banking and payments software
Latest round: $5.6 million
Total raised: $5.6 million
HQ: Sofia, Bulgaria
Tags: Institutions, banking, payments, lending
Source: FT Partners
Greytip Software
Cloud-based HR and payroll
Latest round: $5.21 million
Total raised: $5.21 million
HQ: Bangalore, India
Tags: SMB, payments, payroll, HR benefits, employees, insurance
Source: FT Partners
Huddle Money
P2P financial platform
Latest round: $4.4 million Seed
Total raised: $4.4 million
HQ: Sydney, Australia
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, insurance, payments, funds transfer
Source: Crunchbase
Bipsync
Research management software for investors
Latest round: $4.2 million
Total raised: $5.7 million
HQ: Palo Alto, California
Tags: Advisers, institutions, investment information
Source: FT Partners
Invoice Cycle
Invoice-backed lender
Latest round: $4 million Seed
Total raised: $4 million
HQ: London, England, United Kingdom
Tags: SMB, lending, underwriting, trade finance, factoring, alt-lender
Source: Crunchbase
Cachet Financial Solutions
Remote deposit capture
Latest round: $2.55 million Convertible Note
Total raised: $26.86 million
HQ: Minneapolis, Minnesota
Tags: Institutions, B2B2C, mobile, deposit, checking accounts, Finovate alum
Source: Crunchbase
CardsMobile
NFC-based mobile payments
Latest round: $2.5 million
Total raised: $2.5 million
HQ: St. Petersburg, Russia
Tags: Consumer, SMB, merchants, mobile, payments, acquiring
Source: Crunchbase
StockTwits
Investment information platform
Latest round: $2 million
Total raised: $14.4 million
HQ: Phoenix, Arizona
Tags: Consumer, investing, information, trading
Source: Finovate
MarketLend
P2P trade finance loans
Latest round: $1 million
Total raised: $1 million
HQ: Sydney, Australia
Tags: SMB, lending, peer-to-peer, P2P, credit, underwriting, investing, factoring, invoice loans
Source: Crunchbase
Valiant Finance
Business loan marketplace
Latest round: $590,000 Seed
Total raised: $590,000
HQ: Sydney, Australia
Tags: SMB, lending, commercial loans, price comparison, lead generation
Source: Crunchbase
Symbid
Equity crowdfunding platform
Latest round: $550,000 Debt
Total raised: $550,000 Debt
HQ: Rotterdam, The Netherlands
Tags: Consumer, SMB, peer-to-peer, P2P, investing, stock ownership
Source: Crunchbase
Frontera
Alt-investing in emerging markets
Latest round: $500,000 Series A
Total raised: $500,000
HQ: Singapore
Tags: Consumer, advisers, investing, venture capital
Source: Crunchbase
Sezzle
Payment via bank transfer (ACH)
Latest round: $500,000
Total raised: $500,000
HQ: Minneapolis, Minnesota
Tags: SMB, ACH, payments, bank transfers, merchants, point of sale (POS), checking accounts, Finovate alum
Source: Finovate
Bee Card
Basic consumer bank accounts
Latest round: $250,000
Total raised: $4.85 million
Accelerator: FinLab
HQ: New York City, New York
Tags: Consumer, prepaid debit card, deposits, underbanked, millennial, mobile, billpay
Source: FT Partners
Earnup
Consumer debt-repayment optimization
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: San Francisco, California
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: FT Partners
eCreditHero
Consumer credit repair
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: New York City, New York
Tags: Consumer, lending, credit, debt repayment, restructure
Source: FT Partners
Everlance
Expense and mileage tracker
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: San Francisco, California
Tags: Consumer, SMB, personal financial management (PFM), expense reports, employees
Source: FT Partners
Meet Albert
Financial advice for consumers
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: Los Angeles, California
Tags: Consumer, personal financial health, education
Source: FT Partners
Remedy
Consumer medical bill analysis
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: San Francisco, California
Tags: Consumer, billpay, personal financial management (PFM), healthcare, insurance
Source: FT Partners
WiseBanyan
Consumer financial adviser
Latest round: $250,000
Total raised: $250,000
Accelerator: FinLab
HQ: New York City, New York
Tags: Consumer, investing, financial planning, wealth management
Source: FT Partners
Bidollar
P2P foreign exchange
Latest round: $44,000 Seed
Total raised: $44,000
HQ: California
Accelerator: WOW Aceleradora
Tags: Consumer, SMB, peer-to-peer, P2P, foreign exchange (fx), remittances, exchange rates, price comparison
Source: Crunchbase
Oval Money
Financial planning and savings app
Latest round: $28,000 Grant
Total raised: Unknown
HQ: London, England, United Kingdom
Accelerator: NTT DOCOMO
Tags: Consumer, education, underbanked, savings accounts, deposits, mobile banking, millennials
Source: Crunchbase
KiaKia
Consumer lending
Latest round: $12,000 Angel
Total raised: $12,000
HQ: Nigeria
Tags: Consumer, lending, alt-lending, credit, payday, underwriting
Source: Crunchbase
Lend
P2P lending platform
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Switzerland
Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing
Source: Crunchbase
Navicure
Medical claims management and payments
Latest round: Undisclosed
Total raised: Unknown
HQ: Duluth, Georgia
Tags: SMB, healthcare, insurance, payments, billing, accounting, analytics, BI
Source: FT Partners