It was another blockbuster week with 13 companies raising a total of $695 million. However, $500 million of that was not a pure fintech play, as China’s Ant Financial (which runs Alipay) took at 25% stake in Indian mobile payments and ecommerce hub, One97, which runs Paytm. Even without that gargantuan deal, there was still $200 million invested into the sector, with $125 million of that (63%) put into the lending sector and $61 million (31%) earmarked for billing and payments.
The total included one Finovate alum, AdviceGames ($570,000), which demoed at last week’s FinovateEurope (demo videos will be available at Finovate.com by the end of the month).
Here are deals by size announced between 7 Feb and 13 Feb 2015 (in order of magnitude):
One97
Indian mobile payments and commerce hub
Latest round: $500 million
Total raised: $534 million
Tags: Paytm (brand), mobile payments, bill payment, ecommerce, Ant Financial/Alipay (investor), Noida, India
Source: FT Partners
Oportun (formerly Progreso Financiero)
Online lender
Latest round: $90 million
Total raised: $213 million ($30 million is debt)
Tags: Credit, lending, unsecured, underbanked, Menlo Park, California
Source: Crunchbase
Bill.com
SMB invoicing and payments platform
Latest round: $50 million
Total raised: $122.6 million
Tags: Billing, invoicing, accounts payables, bill payment, SMB, Palo Alto, California, Finovate alum
Source: Crunchbase
Borro
Online loans secured by luxury assets
Latest round: $19 million
Total raised: $171.6 million
Tags: Secured lending, underwriting, credit, pawn, London, UK
Source: Crunchbase
CapitalFloat
Online lender to SMBs in India
Latest round: $13 million
Total raised: $16 million
Tags: Lending, credit, underwriting, SMB, India
Source: Crunchbase
MineralTree
SMB billpay and invoicing tools
Latest round: $11.1 million
Total raised: $18.9 million
Tags: Payments, mobile, SMB, accounts receivables, bill payment, Cambridge, Massachusetts
Source: Crunchbase
ComparaGuru
Financial price comparison site
Latest round: $4 million
Total raised: $4 million
Tags: Lead generation, personal finance, price comparison, Mexico City
Source: FT Partners
Bento
Small banking business platform
Latest round: $2.5 million
Total raised: $2.5 million
Tags: Crowdfunding, SMB, San Francisco, California
Source: Crunchbase
InvestiQuant (formerly Master the Gap)
Specialized investing platform
Latest round: $1.5 million
Total raised: $1.5 million
Tags: Investing, fx, ETF, indices, arbitrage, quants, Morrisville, North Carolina
Source: Crunchbase
BitPesa
Nigerian digital currency exchange
Latest round: $1.1 million
Total raised: $1.7 million
Tags: Cryptocurrency, payments, bitcoin, remittances, Nairobi, Nigeria
Source: Crunchbase
Money360
Online marketplace for commercial real estate loans
Latest round: $1 million (debt)
Total raised: $3 million ($1 million is debt)
Tags: Crowdfunding, real estate, commercial lending, P2P, investing, Ladera Ranch, California
Source: Crunchbase
CoAssets
Real estate crowdfunding platform
Latest round: $800,000
Total raised: $800,000
Tags: Crowdfunding, peer-to-peer lending, credit, P2P, SMB, Singapore
Source: Crunchbase
AdviceGames
Financial gamification software
Latest round: $570,000
Total raised: Unknown
Tags: Gamification, personal finance, youth banking, Hilversum, Netherlands, Finovate alum
Source: Finovate