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The first quarter ended with a flourish of funding as 13 companies raised new funds ranging from $810,000 to $60 million. The total intake was $123 million, of which about half was the $60 million in debt raised by FinovateSpring15 presenter Yapstone. In addition, two Finovate crowd favorites were acquired this week: Toopher by SalesForce Read more…
It was a busy week as both Barclay’s Accelerator and YC announced their newly funded companies. In total, 19 companies announced new fundings bringing in a total of $181 million. Two of the top-3 deals involved Finovate alums with Ayadsi pulling in $55 million, Lendio $20.5 million, and Advanced Merchant Payments (undisclosed). In addition, two Finovate alums were acquired at Read more…
On Finovate.com Finovate Debuts: OnlinePay.com’s Mobile Wallet Review. Around the Web: Estonian Inventor profiles TransferWise. Wipro names Rajan Kohli to head the company’s year-old digital business unit. Nomis Solutions partners with Tangerine to develop new customer engagement models. Arxan Technologies wins finalist spot in SC Awards 2015 Europe for Best Mobile Security Solution. Malay Mail Read more…
The number of fundings has slowed, but the flow of dollars is still massive, thanks to a pair of $100+ million rounds to stealth bitcoin startup 21 Inc ($116 million) and recurring billing-solution provider Zuora ($115 million). Also of note: The rare insurance play and Finovate alum, CoverHound, added $14 million this week Recently public Read more…
ProfitStars adds Banno Mobile solutions to the Independent Community Bankers of America (ICBA) Preferred Service Provider program. Lending Club to serve as exclusive POS financing for Alibaba.com’s U.S. business buyers. Visa CEO selects NBCUniversal’s Vasant M. Prabhu as CFO. On Finovate.com: “Fidelity Investments Acquires eMoney Advisor for Reported $250 Million” The Philippine National Bank deploys Read more…
January went out with a bang, with another $150 million invested into 16 fintech companies. Finovate alums secured two-thirds of the cash with four companies taking in $90 million: Transferwise ($58 million), Ripple Labs ($30 million), Bolstr ($1.7 million) and Spreedly ($150,000). In January, a total of $772 million was raised, $565 million in equity Read more…
Looking for the most innovative startups in fintech? The FinTech50 is a great place to start. It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – Read more…
The new year finally blasted off this week with nearly $400 million in new money headed to the hot sector ($194 million equity, $200 million debt). The majority of the cash ($322 million or 82%) went to Finovate alums including Kreditech ($200 million), Coinbase ($75 million including money from two retail banks, USAA and BBVA), Read more…
As expected, capital flow heated up as the new year truly got underway this week. Globally, 15 fintech companies attracted $157 million in new capital (see note below). More than half the total ($84 million) went to Finovate alums App Annie ($55 million), PeerTransfer ($22 million) and Global Debt Registry ($7 million). There was also Read more…
Finovate alums raised more than $2.2 billion in financing in 2014. More than three-quarters ($1.8 billion) was equity and a quarter ($400 million) was debt. The tally for 2014 shows that financiers continue to find fintech a worthwhile destination for their capital. After bringing in more than $825 million in 2013, Finovate alums increased their fundraising Read more…
Last week was surprisingly busy given how close it was to the year-end holiday freeze. But two blockbuster deals, $250 million to Swedish payment company Adyen and $200 million raised in an IPO from Finovate alum OnDeck, made it one of the biggest weeks of the year. In total, $512 million was raised by 17 Read more…
Wallaby Financial has been acquired by Bankrate. iQuantifi announces million-dollar angel investment. LendingTree unveils its small business loan marketplace with loans from $5,000 to $1 million. Young Adult Money explains how to invest using Motif Investing. Betterment reaches 50,000 customer milestone. SK Planet promotes its Bluetooth Low Energy powered mileage app, Syrup, in Seoul. True Potential Read more…