Total funding worldwide in July was $1.95 billion from 106 deals compared to June with $1.6 billion across 186 deals. Due to our weekly tracking methodology, an additional week in June was added, so average weekly deal flow was 37 in June compared to 27 in July. While that is a 30% decline month-over-month, July’s total was in line with the average of 28 deals per week YTD.
The weekly details can be found through the following links:
- 21 companies raised $681 million the last week of July (see below)
- 26 companies raised $530 million week ending July 22
- 32 companies raised $210 million week ending July 15
- 23 companies raised $530 million week ending July 8
July closed with 21 deals announced in the final week. That makes it 29 weeks out of 30 this year surpassing 20. And for the first time in many years, not a single company was based in Northern California (and there was just one $100k Seed deal in Los Angeles). The total amount raised was $681 million across 16 fundings with announced amounts (5 deals had undisclosed amounts). Of the total, $545 million was a massive debt infusion for alt-lender Elevate.
Two Finovate alums raised new rounds:
- Nextmarkets raised “7 figures” including $3.5 million from PayPal founder Peter Thiel
- Quantopian raised $2 million for its quant playground
The total number of deals YTD stands at 839, about 400 more than last year’s 446. Total dollars raised YTD is $19.3 billion, double the $9.8 billion raised during the same period a year ago.
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Fintech deals by size from 23 July to 29 July 2016:
Elevate
Alt-lender
Latest round: $545 million Debt
Total raised: $615 million Debt (Unknown equity)
HQ: Fort Worth, Texas
Tags: Consumer, credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase
FINO PayTech
Marketplace lender
Latest round: $37.6 million ($200 million valuation)
Total raised: $37.6 million
HQ: Mumbai, India
Tags: Consumer, credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase
Gongzi Qianbao
Wallet and wealth management
Latest round: $30 million
Total raised: $30 million
HQ: Shanghai, China
Tags: Consumer, advisers, investing, wealth management, personal financial management, mobile, payroll
Source: Crunchbase
Exchange Corporation
Online exchange (AQUSH) for consumer loans
Latest round: $15 million Series B
Total raised: $27.8 million
HQ: Tokyo, Japan
Tags: Consumer, advisers, traders, investing, wealth management, trading
Source: Crunchbase
Paidy
Alt-payment system
Latest round: $15 million Series B
Total raised: $23.3 million
HQ: Tokyo, Japan
Tags: Consumer, SMB, merchants, payments, POS, point of sale, acquiring
Source: FT Partners
Qwikcilver
Stored value technology
Latest round: $10 million
Total raised: $20 million
HQ: Bangalore, India
Tags: Institutions, debit/prepaid cards, payments, loyalty
Source: Crunchbase
Hepan Finance
Crowdfunding marketplace for small business capital
Latest round: $9.9 million Series A
Total raised: $9.9 million
HQ: Shanghai, China
Tags: SMB, commercial credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase
Zeek
Giftcard exchange
Latest round: $9.5 million Series B
Total raised: $12.5 million
HQ: Tel Aviv, Israel
Tags: Consumer, payments, gift cards, prepaid cards, platform
Source: Crunchbase
Nextmarkets
Investing platform
Latest round: “7 figures” including $3.5 million from Peter Thiel
Total raised: Unknown
HQ: Koln, Germany
Tags: Consumer, advisers, traders, investing, wealth management, trading, Finovate alum
Source: Finovate
Quantopian
Platform for building and testing trading algorithms
Latest round: $2 million
Total raised: $23.7 million
HQ: Boston, Massachusetts
Tags: Consumer, advisers, traders, investing, wealth management, trading, quants, Finovate alum
Source: FT Partners, Finovate
Tide
Small business debit and current account
Latest round: $2 million Seed
Total raised: $2 million
HQ: London, England, United Kingdom
Tags: SMB, debit card, deposits, checking/current account, accounting, spending tracking
Source: Crunchbase
Toborrow
Crowdfunding marketplace for small business capital
Latest round: $750,000
Total raised: $3.5 million
HQ: Stockholm, Sweden
Tags: SMB, commercial credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase
Coinigy
Crypto-currency trading tools
Latest round: $400,000
Total raised: $500,000
HQ: Milwaukee, Wisconsin
Tags: Consumer, traders, investing, bitcoin, blockchain
Source: Crunchbase
Wrebit
Mobile accounting
Latest round: $235,000 Seed
Total raised: $235,000
HQ: Ulricehamn, Sweden
Tags: SMB, accounting, VAT, bookkeeping, invoicing, billpay, accounts receivables
Source: Crunchbase
Freetrade
Zero commission stock-trading app
Latest round: $225,000 Equity Crowdfunding
Total raised: $225,000
HQ: London, England, United Kingdom
Tags: Consumer, investing, trading, mobile, stocks
Source: Crunchbase
Drizzle
Micropayments
Latest round: $100,000 Convertible Note
Total raised: $100,000
HQ: Los Angeles, California
Tags: Consumer, payments, merchants, acquiring, content, WordPress
Source: Crunchbase
Jechange.fr
Financial services price-comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Agen, France
Tags: SMB, consumer, credit, insurance, price comparison, discovery, lead gen
Source: Crunchbase
Korea Credit Data
Small business risk scores
Latest round: Not disclosed
Total raised: Unknown
HQ: Seoul, South Korea
Tags: Institutions, lenders, SMB, commercial credit, underwriting
Source: Crunchbase
MakeLeaps
Online invoicing platform
Latest round: Not disclosed
Total raised in prior rounds: $600,000
HQ: Tokyo, Japan
Tags: SMB, accounting, billing
Source: Crunchbase
Smart Pension
Pension enrollment platform
Latest round: Not disclosed
Total raised: $4.8 million prior to latest round
HQ: London, England, United Kingdom
Tags: SMB, investing, pension, HR, employee benefits
Source: FT Partners
Xenomorph
Data-storage solutions for financial markets
Latest round: Undisclosed debt
Total raised: Unkown
HQ: London, England, United Kingdom
Tags: Institutions, developers, storage, IT, security, compliance, HSBC (investor)
Source: FT Partners