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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

HappyNewYear_MoneyThe 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:

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. In addition, another $350 million in debt has been added to startups’ balance sheets this year, compared to zero in 2015. So the combined YTD debt and equity total of $800 million is triple the 2015 total. Finally, the number of deals is up 63% (52 compared to 32 in 2015).

Here are the deals by size from 9 Jan to 15 Jan 2016:

Starling
Startup digital bank
Latest round: $70 million
Total raised: $70 million
HQ: London, England, United Kingdom
Tags: Consumer, credit, deposits, mobile, banking
Source: Crunchbase

App Annie
Mobile analytics 
Latest round: $63 million Series E (mostly equity)
Total raised: $157 million
HQ: San Francisco, California
Tags: Mobile, app development, Silicon Valley Bank (lender), Finovate alum
Source: Finovate

Duanrong
Person-to-person lender
Latest round: $59 million Series B ($153 million valuation)
Total raised: $69 million
HQ: Bejing, China
Tags: Consumer, credit, lending, loans, underwriting, investing, P2P, person-to-person
Source: Crunchbase

Taulia
Financial supply chain management
Latest round: $46 million
Total raised: $136.7 million
HQ: San Francisco, California
Tags: SMB, invoicing, payments, accounts receivables, accounts payable, Finovate alum
Source: Finovate

RealtyMogul
Online marketplace for real estate investing
Latest round: $18.4 million ($1.5 million equity, $16.9 million debt)
Total raised: $63.4 million (including $16.9 million debt)
HQ: Los Angeles, California
Tags: Consumer, SMB, credit, lending, loans, underwriting, investing, P2P, commercial mortgages, investment property, Finovate alum
Source: FT Partners

PolicyGenius
Person-to-person student loan lender
Latest round: $15 million Series B
Total raised: $21.05 million
HQ: Brooklyn, New York
Tags: Consumer, insurance (life, pet, renters, disability), quotes, lead gen
Source: Crunchbase

Ping++
Integrated payment processor
Latest round: $10 million Series B
Total raised: Unknown
HQ: Shanghai, China
Tags: Enterprise, B2B2C, payments, mobile, SDK, API, developers, credit/debit cards
Source: Crunchbase

Mambu
SaaS banking platform
Latest round: $8.73 million Series B
Total raised: $13.1 million
HQ: Berlin, Germany
Tags: Enterprise, digital banking platform, Finovate alum
Source: Finovate

FINCAD
Derivative risk management
Latest round: $7 million Debt
Total raised: Unknown
HQ: Surrey, British Columbia, Canada
Tags: Enterprise, investing, trading, risk management, security, compliance
Source: Crunchbase

Symbiont
Blockchain technology for securities
Latest round: $7 million
Total raised: $7 million
HQ: New York City
Tags: Enterprise, investing, cyrpto-currency, blockchain
Source: Crunchbase

FinanceFox
Mobile insurance brokerage
Latest round: $5.5 million
Total raised: $5.5 million
HQ: Berlin, Germany
Tags: Consumer, insurance, policy management, mobile
Source: Crunchbase

Unwired
Mobile banking app developer for financial institutions
Latest round: $4.8 million
Total raised: $9.4 million
HQ: Austin, Texas
Tags: Enterprise, B2B2C, mobile banking, digital banking
Source: Crunchbase

Vericred
Health insurance information provider
Latest round: $3.1 million Seed
Total raised: $4.2 million
HQ: New York City
Tags: Consumer, insurance, health care, comparison shopping, API, developers
Source: FT Partners

Moneybox
Millennial saving & investing app
Latest round: $3 million Seed
Total raised: $3 million
HQ: London, England, United Kingdom
Tags: Consumer, savings, investing, youth
Source: Crunchbase

Questis
Financial coaching as an employee benefit
HQ: Charleston, South Carolina
Latest round: $2.8 million
Total raised: $6.3 million
Tags: Personal financial management, advice, PFM, retirement planning, employee benefits, insurance
Source: FT Partners

Coindrum
Exchange unwanted foreign coins for shopping vouchers
Latest round: $2 million
Total raised: $2 million
HQ: Dublin, Ireland
Tags: Consumer, payments, hardware
Source: Crunchbase

Lift Credit
Online consumer lending
Latest round: $1.8 million Debt
Total raised: Unknown
HQ: Provo, Utah
Tags: Consumer, credit, lending, loans, underwriting
Source: Crunchbase

FI Navigator
Data analytics for financial services companies
Latest round: $1.5 million
Total raised: $1.5 million
HQ: Atlanta, Georgia
Tags: Enterprise, BI, metrics, analytics, big data
Source: Crunchbase

Minkasu
Mobile payments platform
Latest round: $1 million Seed
Total raised: $1.75 million
HQ: Milpitas, California
Tags: Consumer, payments, mobile, wallet
Source: Crunchbase

Investly
Person-to-person small biz lending platform
Latest round: $653,000
Total raised: $673,000
HQ: Tallinn, Estonia
Tags: SMB, credit, lending, loans, underwriting, investing, P2P, business loans, crowdfunding
Source: Crunchbase

CapitalPitch
Startup capital raising platform
Latest round: $600,000 Seed
Total raised: $600,000
HQ: Sydney, Australia
Tags: SMB, capital, crowdfunding, equity, investing
Source: Crunchbase

ResiModel
Multi-family lending management
Latest round: $500,000
Total raised: $1.4 million
HQ: New York City
Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing
Source: Crunchbase

Charity Bank
Digital bank serving non-profits
Latest round: $364,000
Total raised: Unknown
HQ: Tonbridge, England, United Kingdom
Tags: Consumer, non-profit, credit, deposits, savings accounts
Source: Crunchbase

TransferFast
Funds transfers between banks
Latest round: $164,000
Total raised: $164,000
HQ: Tallinn, Estonia
Tags: Consumer, payments, interbank transfers, banking
Source: Crunchbase

Sestertium
Person-to-person student loan lender
Latest round: $160,000
Total raised: $160,000
HQ: Udine, Italy
Tags: Consumer, investing, gamification, crowdsourcing
Source: FT Partners

Facepay
Mobile payments
Latest round: $50,000 Angel
Total raised: $150,000
HQ: California
Tags: Consumer, payments, mobile
Source: Crunchbase

Transaction Network Services (TSN)
Data communications for financial services firms
Latest round: Not disclosed Private Equity
Total raised: Unknown
HQ: Reston, Virginia
Tags: Consumer, credit, lending, loans, underwriting, investing, P2P, student loans
Source: FT Partners

W.A.G. Payment Solutions (Eurowag)
Vehicle fleet payment solutions
Latest round: Not disclosed
Total raised: Unknown
HQ: Boston, Massachusetts
Tags: Consumer, credit, lending, loans, underwriting, investing, P2P, student loans
Source: FT Partners