As expected, the year ended on a relatively quiet note with just eight companies raising $71.5 million. More than half the total ($46 million) went to Chinese P2P lender Weijinsuo.
The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nicely even $25 billion.
It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike.
Here are the deals by size from 26 Dec to 31 Dec 2015:
Weijinsuo
Person-to-person lender
Latest round: $46 million Series A
Total raised: $46 million
HQ: Bejing, China
Tags: Consumer, credit, lending, loans, underwriting, investing, P2P
Source: Crunchbase
Roofstock
Enabling investments in rental real estate
Latest round: $7 million Series
Total raised: $7 million
HQ: Oakland, California
Tags: Consumer, investing, real estate, rental properties
Source: Crunchbase
MobiKwik
Mobile wallet
Latest round: $6.6 million Series B
Total raised: $36.9 million
HQ: Gurgaon, India
Tags: Consumer, payments, mobile wallet, billpay, P2P payments
Source: Crunchbase
Ayannah
Payments and commerce solutions for unbanked in emerging markets
Latest round: $3 million Series B
Total raised: $7.5 million
HQ: Laguna Hills, California
Tags: Enterprise, payments, underbanked, financial inclusion
Source: Crunchbase
Picwell
Health insurance selection tools
Latest round: $3.03 million
Total raised: $7.05 million
HQ: Philadelphia, Pennsylvania
Tags: Consumer, insurance, healthcare, benefits, HR
Source: Crunchbase
DipJar
Tipping system for retail point of sale
Latest round: $2.4 million Seed
Total raised: $2.82 million
HQ: New York City, New York
Tags: Consumer, payments, POS, merchants, acquiring, credit/debit cards
Source: Crunchbase
Nxt-ID
Mobile wallet and biometric solutions
Latest round: $2.1 million (at least $1.5 million debt)
Total raised: $2.9 million (includes at least $1.5 million debt)
HQ: Shelton, Connecticut
Tags: Enterprise, payments, mobile, security, Wocket Wallet (product name), hardware, credit/debit cards
Source: WhoGotFunded
ModeFinance
Credit risk management
Latest round: $1.4 million Seed
Total raised: $1.4 million
HQ: Trieste, Italy
Tags: SMB, credit, lending, trade financing, underwriting, commerce
Source: Crunchbase