In a holiday-shortened week in the United States, 23 deals were announced that brought in a total of $527 million. Most ($449 million) went to Chinese payment and investment platform, Qufenqi.
Four Finovate alums raised a total of $18 million during the week:
- Coinbase landed $10.5 million from Bank of Tokyo
- P2Binvestor raised $5.1 million
- StockTwits raised $2 million
- Spiff raised $150,000
The total number of deals YTD stands at 760, nearly double last year’s 386. Total dollars raised YTD is $17.9 billion, more than double the $8.5 billion raised during the same period a year ago.
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Fintech deals by size from 2 July to 8 July 2016:
Qufenqi
Installment payment and investment platform
Latest round: $449 million Series F
Total raised:Â $874 million
HQ:Â Beijing, China
Tags: Consumer, investing, loans, credit, ecommerce, investing, payments
Source:Â Crunchbase
Neogrowth
Alt-lender to small businesses
Latest round: $35 million
Total raised:Â $36.6 million
HQ:Â Mumbai, India
Tags: SMB, commerical loans, credit, underwriting
Source: FT Partners
Coinbase
Bitcoin exhange and wallet
Latest round: $10.5 million
Total raised:Â $117.2 million
HQ: San Francisco, California
Tags: Consumer, traders, payments, funds transfer, remittances, bitcoin, crypto-currency, Bank of Tokyo (investor), Finovate alum
Source:Â Crunchbase, Finovate
P2Binvestor
Receivables financing marketplace
Latest round: $5.1 million
Total raised:Â $6.5 million
HQ:Â Denver, Colorado
Tags: SMB, trade finance, factoring, accounts receivable, working capital, commercial credit, underwriting, investing, crowdsourced, Finovate alum
Source:Â Crunchbase
Finanzchef24
Online broker
Latest round: $4.5 million
Total raised:Â $12.6 million
HQ:Â Munich, Germany
Tags: Consumer, advisers, traders, investing, wealth management, trading, person-to-person, P2P
Source:Â Crunchbase
Lending Works
P2P lending platform
Latest round: $3.9 million Series A
Total raised:Â $9.65 million
HQ:Â London, England, United Kingdom
Tags: Consumer, credit, loans, underwriting, person-to-person, P2P, investing
Source:Â Crunchbase
SmartAngels.fr
Equity crowdfunding platform
Latest round: $3.9 million
Total raised:Â $5.3 million
HQ:Â Paris, France
Tags: SMB, investing, fundraising, capital, venture capital (VC), angel investing
Source:Â Crunchbase
Netki
Blockchain titles
Latest round: $3.5 million Seed
Total raised:Â $3.5 million
HQ: Woodland Hills, California
Tags: Consumer, SMB, blockchain, digital identity
Source:Â Crunchbase
Airwallex
International invoice payments
Latest round: $3 million Seed
Total raised:Â $3 million
HQ:Â Melbourne, Australia
Tags: SMB, foreign exchange, billing, invoices, payments
Source:Â Crunchbase
EarnUp
Consumer debt management tool
Latest round: $3 million Seed
Total raised:Â $3 million
HQ: San Francisco, California
Accelerator: Financial Solutions Lab (CFSI)
Tags: Consumer, debt/loan payments, credit, personal financial management, PFM
Source:Â Crunchbase
StockTwits
Stock information and communication platform
Latest round: $2 million
Total raised:Â $13.9 million
HQ:Â New York City, New York
Tags: Consumer, advisers, traders, investing, trading, communications, information, Finovate alum
Source:Â Finovate
OB1Â (division of OpenBazaar)
Stealth bitcoin paymentsÂ
Latest round: $1.5 million
Total raised:Â $1.5 million
Tags: SMB, ecommerce, merchants, crypto-currency, blockchain
Source:Â Crunchbase
Drop
Multimerchant credit/debit card loyalty program
Latest round: $775,000
Total raised:Â $775,000
HQ:Â Toronto, Ontario, Canada
Tags: Consumer, rewards, cards, loyalty, payments, spending
Source:Â Crunchbase
Gatecoin
Crypto-currency exchange
Latest round: $500,000
Total raised:Â $500,000
HQ:Â Hong Kong
Tags: Consumer, traders, payments, funds transfer, remittances, bitcoin, crypto-currency, blockchain
Source:Â Crunchbase
The Oak
Financial wellness coach
Latest round: $300,000
Total raised:Â $300,000
HQ:Â London, England, United Kingdom
Tags: Consumer, personal financial management, PFM, service, information, advice
Source:Â Crunchbase
Spiff
Social savings platform
Latest round: $150,000
Total raised:Â $150,000
HQ: Oslo, Norway
Tags: Consumer, savings accounts, investing, youth market, personal financial management, PFM, spending, Finovate alum
Source:Â Finovate
Vestvise
Investment information site
Latest round: $6,000 Angel
Total raised:Â $6,000
HQ:Â New York City, New York
Tags: Consumer, advisers, traders, investing, wealth management, trading, information, analytics, reporting
Source:Â Crunchbase
Bolanegruppen
Mortgage price negotiation service
Latest round: Undisclosed
Total raised: Unknown
HQ:Â Stockholm, Sweden
Tags: Consumer, price comparison, mortgage
Source:Â Crunchbase
Crowdsurfer
Analytics on crowd finance
Latest round: Undisclosed
Total raised previously:Â $340,000
HQ:Â Cambridge, England, United Kingdom
Tags: Consumer, traders, payments, funds transfer, remittances, bitcoin, crypto-currency, blockchain
Source:Â Crunchbase
OneAssist
Credit card & mobile payments fraud protection
Latest round:Â Undisclosed
Total raised:Â $9.25 million
HQ:Â Mumbai, India
Tags: Consumers, mobile payments, credit/debit cards, security, fraud protection
Source:Â Crunchbase
Salarium
Payroll automation platform
Latest round: Undisclosed Seed
Total raised:Â Unknown
HQ:Â Manilla, Phillipines
Tags: SMB, payroll, payments, HR, employee benefits
Source:Â Crunchbase
SBI Japannext
Online brokerage and trading system
Latest round:Â Not disclosed
Total raised:Â Unknown
HQ:Â Tokyo, Japan
Tags:Â Institutions, traders, investing, trading, exchange
Source:Â FT Partners
Wealthtrust
Investment manager
Latest round:Â Undisclosed
Total raised: Unknown
HQ:Â Mumbai, India
Tags: Consumer, advisers, traders, investing, wealth management, trading, mobile
Source:Â Crunchbase