Perhaps competition from Apple kept U.S. fintech quiet on the funding front this week. Through mid-day Friday, only 11 companies had announced fundings. But thanks to $77 million going to Chinese fintech companies, the total was an impressive $92 million, a $5 billion annual run rate!
Then Friday afternoon it was widely reported that Square had raised another $100 million. If that’s confirmed, the weekly total will be a monster $192 million.
But the big news around our offices was the $4 million A-round by Finovate Best of Show winner Tink. Tink is a Swedish mobile PFM with a killer UI (see full post here).
Here are the fundings in order of size from Sep 5 to Sep 12, 2014:
Square
Mobile payment acquiring
Mobile payment acquiring
Latest round: $100 million (at $6 billion valuation)
Total raised: $540 million ($440 million equity, $100 million debt)
Tags: Mobile, POS, acquirer, California
Source: Crunchbase
Chinese investment information provider
Latest round: $40 million
Total funding: $53 million
Tags: Investing, China
Source: Crunchbase
Chinese peer-to-peer lending startup
Latest round: $37.2 million
Total raised: $47.2 million
Tags: Crowdfunding, P2P, lending, mortgage, SMB, China
Source: Crunchbase
Real estate investing platform
Latest round: $5.5 million
Total funding: $5.5 million
Tags: Crowdfunding, home buying, mortgage, California
Source: Crunchbase
Swedish mobile-optimized financial management
Latest round: $4 million
Total raised: $4.8 million
Total raised: $4.8 million
Tags: PFM, mobilie banking, Sweden, Finovate Best of Show
Source: Finovate
Crowdfunding platform for commercial real estate
Latest round: $3 million
Total raised: $3 million
Total raised: $3 million
Tags: P2P, lending, credit, mortgage, investing, California
Source: Crunchbase
Microlending in Latin America
Latest round: $1.3 million
Total funding: $1.3 million
Tags: Lending, credit, Mexico
Source: Crunchbase
Payment enabler for mobile and online commerce
Latest round: $1 million
Total funding: $40 million
Tags: Cards, mobile payments, prepaid, New York
Source: Crunchbase
Expense reporting software
Latest round:$175,000
Total raised: $1.1 million
Tags: PFM, accounting, SMB, predictive analytics, big data, Cleveland, Ohio
Source: Crunchbase
For-profit startup helping fund primary research
Tags: Fund-raising, payments, philanthropy, payments, California
Latest round: $150,000
Total raised: $150,000
Source: Crunchbase
Equity crowdfunding platform
Latest round: Undisclosed
Total raised: More than $540,000
Tags: Crowdfunding, SMB, lending, Sweden
Source: Crunchbase