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Buoyed by 7 Startupbootcamp Insurance entrants—each grabbing $17,000—a record 30 fintech companies raised money this week for a total of just under $100 million ($95.8 million). Only two companies topped 7 figures: real estate specialist EasyProperty ($37.6 million) and Lemonade, a P2P insurance play ($13 million). Four Finovate alums were among the bunch: CBANC Network Read more…
As we head into the final four weeks of 2015, private investment into the fintech sector is just under $18 billion for the year—or $24 billion including the First Data, Worldpay and Square IPOs. Two Finovate alums were among the 13 companies raising money this week: ThetaRay: The Israeli fintech security company raised $5 million Read more…
It was a quiet week over the U.S. Thanksgiving holiday, but it still surpassed the $100-million mark, thanks entirely to U.K.-based Atom Bank’s $128 million raise. BBVA was lead investor, contributing $68 million for a 30% stake in the not-yet-launched mobile bank. In total, 12 fintech companies raised $152 million, although 5 of the 12 Read more…
Large swaths of cash flowed into the global fintech sector last week. All told, 26 companies brought in $1.06 billion. A quarter of the total was Square’s IPO ($243 million), another $330 million was debt, with the remaining $479 million being VC/angel funding. In addition to Square, two companies topped $100 million: student and personal Read more…
It was a quieter week in fintech fundings. Other than Blackstone’s $820 million bet on NCR — founded in 1884 as National Cash Register, NCR is likely the oldest financial technology company on the planet — just $85 million flowed to the under-100-year-old crowd. And we are not sure if the NCR inflow should even Read more…
Last week, 20 companies raised $175 million, including $25 million in debt. It was the sixth week in a row that the number of fintech fundings topped 20. And the dollar total has hit 9-figures ($100 mil) or more 12 weeks in a row now. Both of the streaks will likely stop during the holidays, Read more…
While there were no blockbuster fundings last week, five companies pulled in eight figures each: Marqeta, $25 million; TruMid, $25 mil; Knip, $15.7 mil; iSignThis, $10.5 mil; and Zebit, $10 mil. In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 million for its marketplace payments platform Read more…
There was a little of everything this week in what continues to be a strong month in funding (already over $1 billion). Worldwide, 28 companies raised about $420 million ($417 million not including funds from 4 undisclosed rounds). Two blockbuster deals contributed over half the total: $170 million to German marketplace lender Auxmoney and $81 Read more…
It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. The vast majority, $5.9 billion, was raised in the IPOs of two mega payment processors: FinDEVr alum Worldpay ($3.3 billion) and First Data ($2.6 billion), which went public for the second time in its 44-year history. Read more…
The fourth quarter began with a burst of funding: $585 million, including $254 million in debt, raised across 22 companies worldwide. The total included four Finovate and/or FinDEVr alums: CardFlight, $4.2 million; Ripple, $4 million; Praesidio, $3.1 million; and Spreedly, $500,000. Almost 40% of the total—$223 million—went to Chinese real estate marketplace FangDD which is Read more…
Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). SoFi’s $1 billion received wide coverage this week, but we’d already covered it a month ago, so it’s not included in this week’s total. But even Read more…
Funding to the fintech sector maintained pace this week with another quarter-billion ($234.3 million) added to the bank accounts of 17 startups worldwide. The biggest pure-equity round went to Finovate-alum CoverHound, an insurance portal gaining favor with the VC community. There were several interesting acquisitions including French bank Credit Mutual Arkea paying a reported $56 Read more…