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Fintech Fundings: 31 Companies Raise $560 Million Week Ending Feb 26

money_keyAnyone saying funding to the fintech sector is slowing, isn’t looking at the same data we are. For the eighth straight week, more than 20 fintech companies raised new rounds.

Two months into the new year, the total raised is $5.3 billion, more than double the $2.4 billion invested during the same period last year. And more telling, the number of deals is up 82% (198 vs. 109 in 2015).

The 31 companies funded this week set a new weekly record surpassing the old mark set 4 weeks ago. A total of $557 million was raised with $400 million headed to a single company, health insurance newcomer Oscar. The overall total included $28 million in debt.

Four Finovate and FinDEVr alums raised new cash:

Here are the fintech deals by size from 20 Feb to 26 Feb 2016:

Oscar
Health insurance provider
Latest round: $400 million Private Equity
Total raised: $727.5 million
HQ: New York City
Tags: Consumer, employers, human resources, employee benefits, healthcare, insurance
Source: Crunchbase

Namely
HR, benefits, and payroll platform
Latest round: $30 million
Total raised: $107.8 million
HQ: New York City
Tags: SMB, human resources, employees, benefits, insurance
Source: Crunchbase

MoneyMe
Australian alt-lender to consumers
Latest round: $21.7 million Debt
Total raised: $22.4 million (including $21.7 million debt)
HQ: Australia
Tags: Consumer, loans, lending, underwriting
Source: Crunchbase

Signifyd
Fraud protection for e-commerce
Latest round: $20 million Series B
Total raised: $31 million
HQ: San Jose, California
Tags: Enterprise, security, fraud protection, risk management, Finovate alum
Source: Finovate

AppCard
Loyalty card platform
Latest round: $20 million Series B
Total raised: $26.5 million
HQ: New York City
Tags: SMB, loyalty, rewards, payments, point of sale, merchants, POS
Source: Crunchbase

RealtyShares
Online marketplace for real estate investing
Latest round: $20 million Series B
Total raised: $31.9 million
HQ: San Francisco, California
Tags: Consumer, investing, real estate, wealth management
Source: Crunchbase

Borrowell
Alt-lender for Canadian consumers
Latest round: $6.4 million Debt
Total raised: $11.8 million (including $6.4 million debt)
HQ: Toronto, Ontario, Canada
Tags: Consumer, lending, loans, underwriting, Equitable Bank (investor)
Source: Crunchbase

Real
Digital real estate broker
Latest round: $6 million
Total raised: $7.5 million
HQ: Houston, Texas
Tags: Consumer, agents, home selling, brokers, CRM, real estate
Source: Crunchbase

Juspay
Mobile & online payments in India
Latest round: $5.8 million
Total raised: $5.8 million
HQ: Kormangala, India
Tags: SMB, payments, mobile, POS, merchants
Source: Crunchbase

CREXi
Commercial real estate platform
Latest round: $4.3 million Seed
Total raised: $4.3 million
HQ: Venice, California
Tags: Enterprise, SMB, commercial real estate, CRM, deal flow, mortgage
Source: FT Partners

Captain401
401(k) platform for small businesses
Latest round: $3.5 million Seed
Total raised: $3.6 million
HQ: San Francisco, California
Tags: SMB, retirement planning, 401(k), savings, investing, deposits, Y Combinator
Source: Crunchbase

Vanare
Wealth management platform for advisors
Latest round: $3.5 million Series
Total raised: $6.85 million
HQ: New York City
Tags: Advisors, B2B2C, investing, wealth management, CRM, trading
Source: Crunchbase

Spreedly
Credit card vault to work with multiple payment gateways
Latest round: $3 million Series
Total raised: $5.5 million
HQ: Durham, North Carolina
Tags: SMB, merchants, developers, credit/debit cards, payments, API, security, ecommerce, Finovate alum, FinDEVr alum
Source: Finovate

FinLocker
Loan application & document sharing service
Latest round: $2.25 million
Total raised: $2.25 million
HQ: Missouri City, Missouri
Tags: Enterprise, B2B2C, lending, loan applications, document processing, originations, mortgages
Source: Crunchbase

Mintos
P2p lending marketplace
Latest round: $2.2 million Seed
Total raised: $2.2 million
HQ: Riga, Latvia
Tags: Consumer, SMB, lending, loans, underwriting, investing
Source: Crunchbase

Hepster
Digital insurance distributer
Latest round: $2 million Seed
Total raised: $2 million
HQ: Cape Town, South Africa
Tags: SMB, merchants, point of sale, POS, insurance
Source: Crunchbase

Finomial
Funds management platform
Latest round: $1.64 million
Total raised: $5.05 million
HQ: New York City
Tags: Enterprise, mutual funds, alternative investments, CRM, investor relations
Source: Crunchbase

Ribbet.me
Blockchain-based rewards platform
Latest round: $1.5 million Seed
Total raised: $1.5 million
HQ: New York City
Tags: Consumer, SMB, blockchain, bitcoin, rewards, smart contracts
Source: Crunchbase

Kwanji
Money transfer price comparisons 
Latest round: $700,000 Equity crowdfunding
Total raised: $1.9 million
HQ: London, England, U.K.
Tags: SMB, payments, investing, remittances, FX, discovery, lead gen
Source: Crunchbase

MOVO (MovoCash)
Mobile banking & payments platform
Latest round: $700,000
Total raised: $700,000
HQ: Palo Alto, California
Tags: Consumer, B2B2C, mobile, P2P payments, person-to-person
Source: FT Partners

Kard
Credit card rewards optimization 
Latest round: $600,000 Seed
Total raised: $600,000
HQ: New York City
Tags: Consumer, loyalty, payments, rewards, PFM, personal finance, credit/debit cards, spending
Source: Crunchbase

OpenGamma
Improving capital efficiency for derivatives trading
Latest round: $500,000 Debt
Total raised: $23.2 million (includes $2.75 million debt)
HQ: London, England, U.K.
Tags: Enterprise, risk management, trading, investing, compliance
Source: Crunchbase

Obsidian Solutions
Investment management portal
Latest round: $500,000 Seed
Total raised: $516,000
HQ: Toronto, Ontario, Canada
Tags: Enterprise, advisors, investment management, CRM, investor relations
Source: Crunchbase

Trusted Knight
Data security for financial institutions
Latest round: Undisclosed Series B
Total raised: Unknown
HQ: Annapolis, Maryland
Tags: Enterprise, security, fraud protection, risk management, Finovate alum
Source: Finovate

Finagraph
Financial data and BI for small businesses
Latest round: Not disclosed
Total raised: Unknown
HQ: Mercer Island, Washington
Tags: SMB, business intelligence, analytics, data analysis, accounting, Moody’s (investor), Finovate alum
Source: FT Partners

DevCharge
Facilitating payments to machines
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Brno, Czech Republic
Tags: SMB, IoT, developers, payments
Source: Crunchbase

Finance Buddha
Loan-comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Bangalore, India
Tags: Consumer, SMB, price comparison, loans
Source: FT Partners

Jurnal.id
Online accounting service
Latest round: Undisclosed
Total raised: Unknown
HQ: Jakarta, Indonesia
Tags: SMB, accounting, bookkeeping, billing, invoicing, receivables, payables
Source: Crunchbase

LoanZen
Receivables financing for small business
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Bangalore, India
Tags: SMB, lending, commercial loans, factoring, receivables financing, trade finance, underwriting
Source: Crunchbase

Peloton
Rich media and communications provider to financial institutions
Latest round: Not disclosed
Total raised: $2 million (prior to latest round)
HQ: Chicago, Illinois
Tags: Enterprise, document management, marketing, communications, media, R.R. Donnelley (investor)
Source: FT Partners

PinClick
Indian real estate platform
Latest round: Undisclosed Seed
Total raised: Unknown
HQ: Bangalore, India
Tags: Consumer, real estate, property search, mortgage, lead gen
Source: Crunchbase