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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

ideas_moneyAt Finovate, we are all about the next new thing. That’s why we love compiling the weekly funding report. Money (usually) flows to the best ideas (or at least the best execution). And if that holds true, 2016 is going to be a banner year as total deals are running double the pace of 2015—285 vs. 139 last year.

Last week, a record 36 companies raised $207 million in equity and $273 million in debt for a total of $480 million. The $6.0 billion total raised YTD is double the $3 billion at this point last year.

It was another busy week for Finovate alums with six raising new funds:

Here are the fintech deals by size from 12 March to 18 March 2016:

Future Finance
Alt-lender to students
Latest round: $170 million ($27 million Equity, $143 million Debt)
Total raised: $170 million (includes $143 million debt)
HQ: Dublin, Ireland
Tags: Consumers, lending, student loans, credit, underwriting
Source: Crunchbase

Wheels Financial (aka LoanMart)
Alt-lender focused on lending against existing automobile titles
Latest round: $100 million Debt
Total raised: Unknown
HQ: Encino, California
Tags: Consumers, finance company, vehicle lending, credit, underwriting
Source: Crunchbase

Connecture
Health insurance distribution platform
Latest round: $52 million (post-IPO equity)
Total raised: $75+ million
HQ: Atlanta, Georgia
Tags: SMB, financial institutions, insurance, healthcare, sales, service, policy management
Source: Crunchbase

Cumulus Funding
Personal loans repaid by share of income
Latest round: $31 million ($6 mil Equity, $25 mil Debt)
Total raised: $31.85 million including $25 million debt
HQ: Chicago, Illinois
Tags: Consumers, loans, lending, underwriting, secured, income share agreement (ISA)
Source: Pymnts

Momo
eWallet & mobile payments
Latest round: $28 million Series B
Total raised: $33.75 million
HQ: Ho Chi Minh City, Vietnam
Tags: Consumer, SMB, Goldman Sachs (investor), Standard Chartered (investor), payments, p2p transfers, money movement, merchants
Source: Crunchbase

LendInvest
P2P real estate lending marketplace
Latest round: $24.4 million Series B
Total raised: $58.6 million
HQ: London, England, U.K.
Tags: Consumers, lending, peer-to-peer, mortgage, crowdfunding, investing, underwriting, mortgage
Source: Crunchbase

Next Insurance
Insurance products for small businesses
Latest round: $13 million Seed
Total raised: $13 million
HQ: California
Tags: SMB, insurance, Finovate alum (founders)
Source: Crunchbase

Afluenta
Peer-to-peer lending marketplace
Latest round: $8 million Series B
Total raised: $10.8 million
HQ: Buenos Aires, Argentina
Tags: Consumers, lending, credit, P2P, crowdfunding, investing, underwriting, loans
Source: Crunchbase

Floqast
Accounting software
Latest round: $6.5 million Series A
Total raised: $7.85 million
HQ: Los Angeles, California
Tags: SMB, B2B, accounting, financial management, account reconciliation, bookkeeping
Source: Crunchbase

Pave
Alt-lender targeting millennials 
Latest round: $5.6 million Series A
Total raised: $305.6 million (unknown mix of Debt/Equity)
HQ: California
Tags: Consumers, youth market, lending, loans, credit, underwriting
Source: Crunchbase, WSJ

P2Binvestor
Crowdfunded credit lines for small businesses
Latest round: $5 million Debt
Total raised: $6.4 million
HQ: Denver, Colorado
Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum
Source: Crunchbase

Instarem
International remittances
Latest round: $5 million Series A
Total raised: $5 million
HQ: Gold Coast, Australia
Tags: Consumer, SMB, payments, P2p funds transfers, remittances, fx, currencies
Source: Crunchbase

StreetShares
Crowdfunding small business loans
Latest round: $4.5 million
Total raised: $8.2 million
HQ: Reston, Virginia
Tags: SMB, lending, investing, underwriting, commercial loans, P2P, Finovate alum
Source: Finovate

ChartIQ
Stock market charting tools
Latest round: $4 million
Total raised: $4.85 million
HQ: Charlottesville, Virginia
Tags: Consumers, advisors, financial institutions, data, analytics, investing, trading
Source: Crunchbase

SmartAsset
Personal finance information and advice
Latest round: $3.83 million
Total raised: $10.53 million
HQ: New York City
Tags: Consumer, personal financial information, lead gen, home buying, Finovate alum
Source: Crunchbase

CrowdStreet
Commercial real estate crowdfunding
Latest round: $3.5 million Series A
Total raised: $4.85 million
HQ: Portland, Oregon
Tags: Consumer, SMB, lending, P2P, peer-to-peer, REIT, investing
Source: Crunchbase

Qumram
Compliance tools for digital interactions
Latest round: $2.5 million
Total raised: $2.5 million
HQ: Zurich, Switzerland
Tags: Compliance, online banking, session recording, transcribing, archives
Source: Finovate

Avyst
Independent insurance agent distribution platform
Latest round: $2.5 million
Total raised: $2.5 million
HQ: Aurora, Colorado
Tags: SMB, insurance agents, sales, marketing, distribution, service, quotes
Source: FT Partners

IFMR Holdings
Indian financial inclusion platform
Latest round: $1.9 million
Total raised: $26.9 million
HQ: Taramani, India
Tags: Consumers, underbanked, unbanked
Source: Crunchbase

Finomial
Investor servicing platform
Latest round: $1.78 million
Total raised: $5.19 million
HQ: New York City
Tags: SMB, investing, advisors, trading, alternative investments, funds, investor relations, compliance, marketing
Source: Crunchbase

Zlien
Lien rights management
Latest round: $1.3 million
Total raised: $3.5 million
HQ: New Oreans, Louisiana
Tags: SMB, lending, compliance, security, construction loan, home improvement, mortgage
Source: FT Partners

Tradesocio
Community platform for investors
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Nicosia, Cyprus
Tags: Advisers, investing, social, marketing, sales, trading
Source: Crunchbase

Creamfinance
Alt-lender to consumers
Latest round: $1.1 million
Total raised: $7.3 million
HQ: Warsaw, Poland
Tags: Consumer, lending, underwriting, loans, credit
Source: Crunchbase

Expense Check
Smart financial search engine
Latest round: $750,000 Seed
Total raised: $750,000
HQ: Australia
Tags: SMB, B2B, data, analytics, financial management, accounting, suppliers, cost management, accounts payable, Xero (integration)
Source: Crunchbase, Financial Review

Ensygnia
Mobile payments & transactions
Latest round: $600,000
Total raised: $7.2 million
HQ: London, England, U.K.
Tags: SMB, merchants, payments, acquiring, credit/debit cards
Source: Crunchbase

Blockai
Digital rights management platform on the blockchain
Latest round: $547,000 Seed
Total raised: $547,000
HQ: San Francisco, California
Tags: SMB, blockchain, cyrptocurrency, bitcoin
Source: Crunchbase

Cachet Financial Solutions
Remote deposit platform
Latest round: $500,000
Total raised: $24.3 million
HQ: Minneapolis, Minnesota
Tags: Financial institutions, B2B2C, deposits, checking accounts, mobile banking, Finovate alum
Source: Crunchbase

Mobetize
Mobile payments platform for telecom companies
Latest round: $500,000
Total raised: $3.2 million
HQ: Reno, Nevada
Tags: Enterprise, payments, mobile, carrier billing
Source: FT Partners

Wealthy
Investing tools
Latest round: $240,000 Seed
Total raised: $240,000
HQ: Bangalore, India
Tags: Consumers, tax-savings, investing, personal finance, financial planning
Source: Crunchbase

Cover
Insurance quotes via mobile camera
Latest round: $120,000
Total raised: $120,000
HQ: Toronto, Ontario, Canada
Tags: Consumer, SMB, insurance, quotes, mobile, photo capture, Y Combinator (investor), YC W16
Source: YCombinator

WorldCover
P2P platform providing insurance for the unbanked
Latest round: $120,000
Total raised: Unknown
HQ: New York City

Tags: Underbanked, insurance, investing, crowdfunding, peer-to-peer, Y Combinator (YC W16)
Source: YCombinator

Orderly Health
Healthcare transaction monitor 
Latest round: $100,000
Total raised: $100,000
HQ: Denver, Colorado
Tags: Consumer, healthcare, spending, health insurance, personal finance management (PFM)
Source: Crunchbase

Ghaio Fintech
Personal finance portal
Latest round: $16,000
Total raised: $16,000
HQ: Brazil
Tags: Consumers, personal finance information, lead gen, advice
Source: Crunchbase

Emailage
Fraud solutions based on email addresses
Latest round: Undisclosed
Total raised: Unknown
HQ: Phoenix, Arizona
Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum
Source: FT Partners

Dimont
Loan administration services for residential & commercial lenders
Latest round: Undisclosed
Total raised: Unknown
HQ: Dallas, Texas
Tags: Lenders, loan administration, service, compliance, lending
Source: Crunchbase

TaxTim
Tax preparation technology
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Cape Town, South Africa
Tags: Consumers, tax prep, personal financial management
Source: Crunchbase

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