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As July drew to a close, fundings continued at a brisk pace with 26 new fundings during the week ending July 22. However, it was slightly less than the average of 28 fintech deals per week this year. The total amount raised this week was $532 million. More than half ($325 million) were debt commitments to two alt-lenders, CommonBond ($300 million) and West Read more…
Through mid-July, the blistering pace of deals continued with 32 new fundings during the week ending 15 July 2016. There has been an average of 28 fintech deals per week this year. The total value of deals this week was $206 million, with half ($100 million) going to Canadian blockchain technology provider Blockchain Intelligence. Two Finovate alums raised a total of Read more…
In a holiday-shortened week in the United States, 23 deals were announced that brought in a total of $527 million. Most ($449 million) went to Chinese payment and investment platform, Qufenqi. Four Finovate alums raised a total of $18 million during the week: Coinbase landed $10.5 million from Bank of Tokyo P2Binvestor raised $5.1 million StockTwits raised $2 million Read more…
Envestnet | Yodlee’s data-aggregation technology will power United Capital’s FlexScore solution. And yes, that’s the same Finovate alum—FlexScore—that was acquired by United Capital earlier this year. “By delivering innovative financial planning solutions and new data-driven insights, our partnership will empower FlexScore users to take control of their financial destiny,” Envestnet | Yodlee VP Julie Solomon said. As Read more…
Second quarter 2016 closed with a frenzy of fintech fundings: 49 deals were announced the last week alone, 10 more than the previous weekly record. The total amount raised was $327 million across 34 fundings with announced amounts (15 deals had undisclosed amounts). Of the total, $61.5 million was debt. Four Finovate alums raised a total of Read more…
For the third week in a row, the number of deals flirted with the single-week record of 39. This week, 35 fintech companies worldwide raised $469 million the second week of June. Included were three Finovate alums: Cachet Financial Systems recorded a $2.55 million convertible note to further its remote deposit business StockTwits took in $2 million for its Read more…
For the second week in a row, the number of deals reported, 38, was just one below the weekly record. In all, fintech companies worldwide raised $222 million the second week of June. Nine deals were for undisclosed sums and $500,000 was reported as debt, although two were convertible notes. There was an odd cluster of fundings around Read more…
i-exceed technologies has paid off with a mobile app, Mudra Mitra, that provides both banking services and information. Using Appzillon, the app was able to go live “in record time” on both mobile phone and tablet interfaces and is now available for download at both the Apple iTunes and Google Play stores. Pointing to the challenges Read more…
With 38 deals reported—one shy of the weekly record—fintech companies raised $303 million worldwide the first week of June. Nine of the deals were for undisclosed amounts and $2 million was reported as debt. Two Finovate alums landed new money this week: Callvu raised $3 million, with participation frim NICE Systems Bridgei2i raised an undisclosed A round to Read more…
Total fundings worldwide in May were $1.7 billion across 112 deals and 1 IPO. The weekly details can be found through the following links: $590 million the last week of May (see below) $420 million the week ending May 20 $390 million the week ending May 13 $270 million the week ending May 6 The final week of the Read more…
Total fundings in second quarter hit $8.4 billion as 28 companies raised $401 million the third week of May. Eight deals passed the $10-million mark, with one more at $9 million. Along with the usual payment and lending startups, two insur-tech companies raised substantial rounds: Embroker ($12.2 million) and Jetty ($4 million). Finovate alums accounted for Read more…
Total fundings in second quarter hit $8 billion as 30 more companies raised $390 million the second week of May. Nearly half of that ($188 million) was debt earmarked for Avant’s U.K. subsidiary. The deals were widely dispersed around the world, with only 4 of the 30 headquartered in California. London beat that this week with 5, followed by Read more…