Last week, 20 companies raised $175 million, including $25 million in debt. It was the sixth week in a row that the number of fintech fundings topped 20. And the dollar total has hit 9-figures ($100 mil) or more 12 weeks in a row now. Both of the streaks will likely stop during the holidays, but so far the sector has defied gravity for the past 12 to 18 months, so even December could surprise.
Chinese P2P lender Meili Jinrong led the pack with a massive $65 million A round. But the most surprising funding was the $42 million to the Atlanta-based alternative credit bureau, FactorTrust. Two Finovate alums added capital: Roostify which picked up $500,000 from Wells Fargo’s startup accelerator to further its mission to streamline the mortgage process for consumers and Figo, a German-based firm, which banked “7 figures” to expand its suite of banking APIs.
This week’s funding puts the 2015 year-to-date total to $16.0 billion, or $22 billion if you add the two October IPOs.
Here are the rounds by size from 31 Oct through 6 Nov 2015:
Meili Jinrong
P2P lending
Latest round: $65 million Series A
Total raised: $65 million
HQ: China
Tags: Consumer, lending, loans, peer-to-peer, investing
Source: FT Partners
FactorTrust
Alternative credit bureau
Latest round: $42 million
Total raised: $42 million
HQ: Atlanta, Georgia
Tags: Enterprise, underwriting, lending, risk management
Source: Crunchbase
Expansion Capital Group
Small business alt-lender
Latest round: $25 million Debt
Total raised: $37.1 million (includes $35 million debt)
HQ: Sioux Falls, South Dakota
Tags: SMB, financing, credit, loans, commercial lending
Source: Crunchbase
Invoice2Go
Invoicing solution
Latest round: $15 million Series C
Total raised: $50 million
HQ: Redwood City, California
Tags: SMB, invoicing, accounts receivables, billing, accounting
Source: Crunchbase
Mercatus
Energy-project financing
Latest round: $6.7 million
Total raised: $10.4 million
HQ: San Jose, California
Tags: Enterprise, SMB, investing
Source: Crunchbase
inov8
Mobile payments technology
Latest round: $5.4 million
Total raised: $5.4 million
HQ: Lahore, Pakistan
Tags: Consumer, mobile, payments
Source: FT Partners
POKKT
Rewards and alt-currency platform
Latest round: $5 million Series B
Total raised: $7.5 million
HQ: Mumbai, India
Tags: Consumer, payments, rewards, gaming
Source: Crunchbase
Compeon
Finance portal for small businesses
Latest round: $2.74 million
Total raised: $2.74 million
HQ: Emsdetten, Germany
Tags: SMB, lead gen, financing, commercial lending, price comparison
Source: Crunchbase
Eagle Alpha
Alternative data platform for asset managers
Latest round: $1.8 million Seed
Total raised: $6.3 million
HQ: Dublin, Ireland
Tags: Advisers, trading, investing, wealth management
Source: Crunchbase
Ingage
Investor relations platform
Latest round: $1.7 million
Total raised: $4.6 million
HQ: London, England, United Kingdom
Tags: Enterprise, investing, compliance, information management
Source: FT Partners
BTL Group
Blockchain technology
Latest round: $1.5 million
Total raised: Unknown
HQ: Vancouver, British Columbia, Canada
Tags: Blockchain, bitcoin, cryptocurrency, enterprise
Source: FT Partners
Change Labs
Personal finance tracking
Latest round: $800,000
Total raised: $800,000
HQ: Caesarea, Israel
Tags: Consumer, PFM, financial management, messaging, savings
Source: Crunchbase
Roostify
Home buying application
Latest round: $500,000
Total raised: Unknown
HQ: San Francisco, California
Tags: Consumer, Wells Fargo (investor), Finovate alum
Source: FT Partners
Call Levels
Financial markets monitoring and notifications
Latest round: $500,000
Total raised: $500,000
HQ: Singapore
Tags: Consumer, investing, trading, securities
Source: Crunchbase
TawiPay
International remittances price-comparison site
Latest round: $400,000 Seed
Total raised: $500,000
HQ: Lausanne, Switzerland
Tags: Consumer, payments, remittances, lead gen, price comparison
Source: Crunchbase
ZapChain
Bitcoin trading community
Latest round: $350,000
Total raised: $350,000
Tags: Consumer, investing, trader, cryptocurrency, social network
Source: Crunchbase
Loanbaba.com
Consumer loan marketplace
Latest round: $320,000 Seed
Total raised: $320,000
HQ: Mumbai, India
Tags: Consumer, lending, lead gen, loans, small business loans, mortgage
Source: Crunchbase
Wirex Limited
Bitcoin debit card (e-coin)
Latest round: $187,000 Crowdfunding
Total raised: $187,000
HQ: London, England, United Kingdom
Tags: Consumer, debit card, payments, cryptocurrency
Source: Crunchbase
Figo (formerly known as LeanBanking)
Banking APIs
Latest round: “7 figures” (exact amount undisclosed)
Total raised (previously): $780,000
HQ: Hamburg, Germany
Tags: Consumer, API, developers, Finovate alum
Source: Finovate
Scout Finance
Next-generation financial research
Latest round: Undisclosed
Total raised: $1.7 million (prior to latest round)
HQ: New York City, New York
Tags: Consumer, investing, information, trading
Source: Crunchbase