Last week, 22 fintech companies raised a total of $159 million, of which at least $5 million was debt. It was the tenth week in a row with 20 or more fintech deals. By comparison, in 2015 we hit that mark 13 times during the entire year.
The year-to-date total raised is $5.5 billion, more than double the $2.7 billion invested during the same period last year. And more telling, the number of deals is up 90%—249 vs. 130 in 2015.
It was a busy week for Finovate alums with six raising fresh cash and one being acquired:
- EZBOB raised $28.8 million for its SMB alt-lending service
- TradeShift added $20 million for its trade finance platform
- D3 Banking borrowed $4.5 million for its digital banking technology
- DealFlow obtained a $1 million convertible note for its deal-discovery engine
- StockViews raised $355,000 for its stock market research platform
- Algomi raised an undisclosed amount for its bond information platform
- Holvi was acquired by BBVA for an undisclosed amount
Here are the fintech deals by size from 5 March to 11 March 2016:
AlphaSense
Smart financial search engine
Latest round: $33 million
Total raised: $33 million
HQ: San Francisco, California
Tags: SMB, B2B, data, analytics, investing, underwriting, valuations, investment banking, trading
Source: Crunchbase
JustWorks
Payroll, benefits and compliance platform for employers
Latest round: $33 million Series C
Total raised: $53 million
HQ: New York City
Tags: SMB, payroll, HR, insurance, benefits, compliance, employees
Source: Crunchbase
EZBOB
Alt-lender for small businesses
Latest round: $28.8 million
Total raised: $83 million
HQ: London, England, United Kingdom
Tags: SMB, lending, underwriting, credit, commercial loans, Bank Leumi (investor), Finovate alum
Source: Finovate
Property Partner
Residential real estate crowdfunding
Latest round: $22.6 million
Total raised: $32.4 million
HQ: London, England, United Kingdom
Tags: Consumers, lending, mortgage, underwriting, investing, REIT, trading, P2P, peer to peer
Source: Crunchbase
TradeShift
Global trade platform
Latest round: $20 million
Total raised: $174 million
HQ: San Francisco, California
Tags: SMB, B2B, financing, underwriting, invoicing, payments, accounts receivables, Finovate alum
Source: Crunchbase
D3 Banking
Personal and small business financial management
Latest round: $4.5 million Debt
Total raised: $16.2 million ($4.5 million is Debt)
HQ: Omaha, Nebraska
Tags: Consumers, SMB, personal financial management (PFM), banking, Finovate alum
Source: FT Partners
Selerity
Content-recommendation engine for financial institutions
Latest round: $4.2 million
Total raised: $12.2 million
HQ: New York City
Tags: Consumers, B2B2C, enterprise, investing, content management, infomation, Citibank (investor)
Source: VentureBeat
Chronicled
Blockchain-based asset tracking
Latest round: $3.43 million Seed
Total raised: $4.83 million
HQ: San Francisco, California
Tags: Consumers, SMB, merchants, cryptocurrency, bitcoin, authentication, trading, collecting
Source: Crunchbase
The Floor
Fintech ideas platform
Latest round: $2 million Seed
Total raised: $2 million
HQ: Tel Aviv, Israel
Tags: SMB, VC, angel, investing, information exchange
Source: Crunchbase
CoverWallet
Insurance management for small businesses
Latest round: $2 million Seed
Total raised: $2 million
HQ: New York City
Tags: SMB, insurance management, price comparison, lead gen, discovery, quotes
Source: Crunchbase
Onslip
Merchant POS system
Latest round: $1.3 million
Total raised: $1.3 million
HQ: Linkoping, Sweden
Tags: SMB, payments, debit/credit cards, merchants, acquiring, point-of-sale
Source: FT Partners
Smart Bill
Invoicing and inventory management for small businesses
Latest round: $1.1 million Seed
Total raised: $1.1 million
HQ: Sibiu, Romania
Tags: SMB, billing, invoicing, payments, accounts receivables, inventory management
Source: Crunchbase
DealFlow
Deal sourcing and marketing platform
Latest round: $1 million Convertible Note
Total raised: $2 million
HQ: Jericho, New York
Tags: Advisers, SMB, investors, deals, equity, trading, discovery, Finovate alum
Source: Crunchbase
Ensygnia
Mobile payments
Latest round: $710,000 Series A
Total raised: $4.1 million
HQ: Cambridge, England, United Kingdom
Tags: Consumers, SMB, merchants, payments, mobile, credit/debit cards, acquiring
Source: FT Partners
SpeedETab
Mobile ordering and payments
Latest round: $650,000
Total raised: $650,000
HQ: Fort Lauderdale, Florida
Tags: Consumers, SMB, merchants, payments, mobile, credit/debit cards, acquiring, hospitality
Source: Crunchbase
Anedot
Payment platform for nonprofits
Latest round: $510,000 Debt
Total raised: $1.25 million (including $510,000 debt)
HQ: Baton Rouge, Louisiana
Tags: Consumers, SMB, fundraising, payments, credit/debit cards, merchants, acquiring
Source: Crunchbase
StockViews
Stock market research platform
Latest round: $355,000 Seed
Total raised: $355,000
HQ: London, England, United Kingdom
Tags: Consumers, advisers, trading, investment, research, information, Finovate alum
Source: Finovate
FlexReceipts
Smart receipt technology
Latest round: $120,000
Total raised: $2 million
HQ: Orlando, Florida
Tags: SMB, payments, spending, personal finance, PFM, merchants, point of sale, POS, Y Combinator
Source: VentureBeat
International Payment Processing Network
Payment processor
Latest round: $100,000 Seed
Total raised: $100,000
HQ: Boca Raton, Florida
Tags: SMB, payments, credit/debit cards, merchants, acquiring
Source: Crunchbase
Bond Sheets
Links to bonds for sale
Latest round: $10,000
Total raised: $10,000
HQ: Houston, Texas
Tags: Consumers, debts, investing, bond, discovery
Source: Crunchbase
Algomi
Bond information network
Total raised: Unknown
HQ: London, England, United Kingdom
Tags: Advisers, enterprise, fixed income investing, discovery, Finovate alum
Source: FT Partners
Finomena
Personal finance site in India
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Bengaluru, India
Tags: Consumers, SMB, lending, underwriting, investing, credit
Source: Crunchbase