Second quarter’s funding pace remained strong with 26 companies raising $267 million ($55 million of that was debt) the first week of May. The deals were widely dispersed around the world, with only 4 of the 26 companies hanging their shingles in California (although those four did account for half the dollar value).
The total number of deals YTD stands at 464, nearly double last year’s 252. Total dollars raised YTD is now $14.3 billion, more than twice the $6.6 billion raised during the same period a year ago.
Two Finovate alums scored big rounds:
Zooz raised $24 million for its payment technology
Azimo raised $15 million from Rakuten for its funds transfer service
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Fintech deals by size from 30 April to 6 May 2016:
VTS
Commercial real estate leasing & asset management platform
Latest round: $55 million Series C
Total raised: $87.7 million
HQ: New York City
Tags: SMB, enterprise, commerical real estate, commerical mortgage, asset management
Source: Crunchbase
MobiKwik
Mobile wallet
Latest round: $50 million Series C
Total raised: $86.9 million
HQ: Gurgaon, India
Tags: Consumer, payments, banking, mobile, telecom top-ups, mobile
Source: Crunchbase
Intacct
Digital banking company
Latest round: $40 million Debt (Silcon Valley Bank)
Total raised: $125.8 million (includes $85 million Debt)
HQ: San Jose, California
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing
Source: Crunchbase
Varo Money
Digital bank
Latest round: $27.4 million Private Equity
Total raised: $27.4 million
HQ: San Francisco, California
Tags: Consumer, deposits, payments, debit card, banking, mobile
Source: Crunchbase, WSJ
Zooz
Payments technology
Latest round: $24 million
Total raised: $40.5 million
HQ: Kefar Sava, Israel
Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards, Finovate alum
Source: Finovate
Net Element
Mobile payments
Latest round: $20 million Post-IPO Equity ($5 mil) and Debt ($15 mil)
Total raised: Unknown (NASDAQ: NETE)
HQ: Miami, Florida
Tags: Consumer, payments, brands: TOT Group, Unified Payments, Aptito, TOT Money
Source: Crunchbase
Azimo
Digital banking company
Latest round: $15 million
Total raised: $46.6 million
HQ: London, England, UK
Tags: Consumer, payments, peer-to-peer P2P funds transfers, remittances, FX, Rakuten (investor), Finovate alum
Source: Finovate
Bench
Online bookkeeping service
Latest round: $15 million
Total raised: $54.5 million
HQ: Vancouver, British Columbia, Canada
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing, omni-channel
Source: Crunchbase
Passport
Payments for transportation & parking
Latest round: $8 million Series B
Total raised: $15.54 million
HQ: Charlotte, North Carolina
Tags: Enterprise, SMB, payments, mobile
Source: Crunchbase
YieldStreet
Marketplace lender
Latest round: $3.7 million Seed
Total raised: $3.7 million
HQ: New York City
Tags: Consumer, advisors, SMB, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase
Love Will Inc.
Blockchain-based financial applications
Latest round: $2.51 million
Total raised: $2.61 million
HQ: St. Louis, Missouri
Tags: Consumer, payments, blockchain, crypto-currency, bitcoin, peer-to-peer funds transfers, remittances
Source: Crunchbase
Earny
Purchase protection tool for cardholders
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Santa Monica, California
Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase
BrightFlag
Invoice analytics
Latest round: $1.1 million
Total raised: $1.47 million
HQ: Dublin, Ireland
Tags: SMB, accounting, accounts receivables, billpay, analytics, machine learning
Source: Crunchbase
T2P (iBaht)
Prepaid debit card
Latest round: $1.1 million
Total raised: $1.1 million
HQ: Bangkok, Thailand
Tags: Consumer, payments, debit cards, prepaid
Source: Crunchbase
Monera
Personal finance portal
Latest round: $550,000
Total raised: $550,000
HQ: Copenhagen, Denmark
Tags: Consumer, price comparisons, insurance, mortgage, banking, lead gen, discovery, quotes
Source: Crunchbase
Dynamis Software
Sales tools for health insurance brokers
Latest round: $520,000
Total raised: $2.62 million
HQ: Milwaukee, Wisconsin
Tags: SMB, enterprise, healthcare, health insurance, CDHC plans, sales, marketing
Source: FT Partners
Active.ai
Banking & wealth management platform
Latest round: $500,000 Seed
Total raised: $500,000
HQ: India
Accelerator: Kstart
Tags: Banks, advisors, banking, wealth management, investing
Source: Crunchbase
Affordplan
Payments plan for emergency health services
Latest round: $500,000 Seed
Total raised: $500,000
HQ: New Delhi, India
Accelerator: Kstart
Tags: Healthcare providers, payments, credit, short-term loans, payments plans, underwriting
Source: Crunchbase
PoshBerry
Blockchain-based loyalty wallet
Latest round: $250,000 Seed
Total raised: $250,000
HQ: Glarus, Switzerland
Tags: Enterprise (B2B2C), payments, loyalty, debit/credit cards, rewards, blockchain, crypto-currency
Source: Crunchbase
PFITR (Public Funds Investment Tracking and Report)
Porftfolio management for institutional investors
Latest round: $200,000 Convertible Note
Total raised: $1.02 million
HQ: St. Louis, Missouri
Accelerator: VC Fintech Accelerator (Little Rock, Arkansas)
Tags: Investing
Source: Crunchbase
TruckPay
Payment services in the construction industry
Latest round: $200,000 Convertible Note
Total raised: $200,000
HQ: Tenafly, New Jersey
Tags: SMB, payments, logistics, merchants
Source: Crunchbase
Bonop
Micropayments
Latest round: $58,000 Seed
Total raised: $58,000
HQ: Marbella, Spain
Tags: Consumer, payments, content
Source: Crunchbase
Digitzs
Payments provider for digital services
Latest round: Not disclosed Seed
Total raised: $2.55 million
HQ: Santa Monica, California
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase
EPG (Easy Payment Gateway)
Payment management
Latest round: Undisclosed
Total raised: $1.8 million
HQ: Gibraltar
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase
Hishab Ltd.
Voice-based mobile POS
Latest round: Not disclosed
Total raised: Unknown
HQ: Tokyo, Japan
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase
Paylike
Payment platform
Latest round: Not disclosed
Total raised: Unkonwn
HQ: Aarhus, Denmark
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring mobile, APIs, developers
Source: Crunchbase
The post Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6 appeared first on Finovate.