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While we continued the streak of 20 or more weekly deals (now = 9), we had a sub-$100 million week for the first time this year. The $76 million raised was the lowest total in a non-holiday week since the first week of March a year ago (who knew the 9th week was so slow?). However, there were Read more…
Anyone saying funding to the fintech sector is slowing, isn’t looking at the same data we are. For the eighth straight week, more than 20 fintech companies raised new rounds. Two months into the new year, the total raised is $5.3 billion, more than double the $2.4 billion invested during the same period last year. Read more…
Although we saw one high-flying fintech unicorn crash to earth this week, the fintech sector continued to attract significant capital with 21 companies raising $214.8 million, for an $11 billion annual run rate. The total included at least $15 million in debt. Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 million for Read more…
Despite turmoil in global equity markets, the fintech sector continued its 3-year bull market with 21 companies raising $259.1 million, for a $12 billion annual run rate. The total included at $46 million in debt. And demonstrating the global nature of financial services, only three deals were out of California (Xignite, Renew Financial, and Vast). Read more…
Private capital continued to flow into the fintech sector this week with 21 companies raising $257 million. The total included at least $85 million in debt. One Finovate alum raised new cash: London’s Revolut brought in $4.8 million for its global funds-transfer app. Just five weeks into the new year, fintech companies have raised $4.25 billion in equity and debt Read more…
For the third time in that past four weeks a fintech funding record has fallen. This week it was number of companies, beating the total funded two weeks ago by one. As you may recall, last week we set the new mark (by a large margin) for the highest weekly dollar total with $2.7 billion. All told, last week 29 Read more…
Last week, we set the record for most fintech deals in a single week with 28. This week, we established a new mark (by a large margin) for the highest weekly dollar total with $2.7 billion. The previous record was $1.6 billion the third week of August 2015. These are mind-boggling numbers. Imagine this: Your Read more…
The year continues its blistering pace with 28 companies worldwide raising new funds this week, the biggest number since we began tracking in July 2014. In total, $332 million was invested with the majority being equity (only $19 million was identified as debt in public comments). Four Finovate alums made up 40% of the weekly total: Taulia raised $46 Read more…
The year is off to a big start with 24 companies raising $569 million in the first week of 2016. However, three-quarters of that ($425 million) was additional debt for three big alt-lenders: Finovate alum LoanNow ($50 million) along with CommonBond ($275 million) and Qredits ($100 million). The $138 million in new equity last week Read more…
As expected, the year ended on a relatively quiet note with just eight companies raising $71.5 million. More than half the total ($46 million) went to Chinese P2P lender Weijinsuo. The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion Read more…
For just the fourth time this year, weekly fintech fundings fell below the $100-million mark with 15 companies raising a total of $51 million. The second-largest round of the week ($4 million), went to Finovate veteran Dana Bowers’ latest startup, Venminder. The Kentucky-based company has developed a vendor-management platform for banks and credit unions. Bowers Read more…
There may be a bubble in tech investing. But if there’s one in the fintech sector, the dozens of investors in these 23 companies didn’t get the memo. In the last full non-holiday week of the year, $685 million poured into fintech companies worldwide. The vast majority went into alt-lending, including NYC-based Pave, $300 million; Read more…