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Fintech Fundings: 23 Companies Raise $120 Million Week Ending 30 Oct 2015

Fintech Fundings: 23 Companies Raise $120 Million Week Ending 30 Oct 2015

Money_pumpkinsWhile there were no blockbuster fundings last week, five companies pulled in eight figures each: Marqeta, $25 million; TruMid, $25 mil; Knip, $15.7 mil; iSignThis, $10.5 mil; and Zebit, $10 mil. In total, 23 fintech companies raised more than $121 million including Finovate alums Spreedly which brought in $2.5 million for its marketplace payments platform and iSignThis which raised $10.5 million in post-IPO equity for its identity-verification services.

Here are the fundings from 25 Oct to 31 Oct 2015 by size:

Marqeta
Open API issuer/payment processor platform
Latest round: $25 million Series C
Total raised: $45.5 million
HQ: Emeryville, California
Tags: APIs, developers, payments, debit cards, prepaid cards, mobile wallets, ACH
Source: Crunchbase

TruMid
Electronic trading marketplace for corporate bonds
Latest round: $25 million
Total raised: $25 million
HQ: New York City, New York
Tags: Trading, investing, bonds
Source: Crunchbase

Knip
Digital insurance manager
Latest round: $15.7 million Series B
Total raised: Unknown
HQ: Zurich, Switzerland
Tags: Insurance, consumer, lead generation, mobile
Source: Crunchbase

iSignThis
Identity-proofing solutions
Latest round: $10.45 million Post-IPO equity
Total raised: Unknown
HQ: Melbourne, Australia
Tags: Security, fraud, AML, KYC, compliance, Finovate alum
Source: Finovate

Zebit
Payment and credit platform for the underbanked
Latest round: $10 million
Total raised: $10 million
HQ: San Diego, California
Tags: Payments, underbanked, consumer, credit, sub-prime, ecommerce
Source: Crunchbase

RazorPay
Payments gateway
Latest round: $9 million Series A
Total raised: $11.6 million
HQ: Bangalore, India
Tags: Payments, merchants, SMB, acquiring
Source: Crunchbase

MoBeam
Mobile giftcard and coupon redemption
Latest round: $6.2 million Series B
Total raised: $28.5 million
HQ: Palo Alto, California
Tags: Payments, loyalty, B2B2C, gift cards, merchants, marketing
Source: Crunchbase

Seed
Business banking platform
Latest round: $5 million
Total raised: $5.1 million
HQ: San Francisco, California
Tags: SMB, banking, financial management
Source: Crunchbase

Commerce Signals
Federated data-exchange platform
Latest round: $4 million Series A
Total raised: $4 million
HQ: Palo Alto, California
Tags: Enterprise, SMB, privacy, data
Source: Crunchbase

Qvinci
Financial reporting software
Latest round: $3.4 million
Total raised: $3.4 million
HQ: Austin, Texas
Tags: Accounting, Intuit (partner), commercial lending, SMB
Source: Crunchbase

Spreedly
Payment software for marketplaces and platforms
Latest round: $2.5 million Series A
Total raised: $4.7 million
HQ: Durham, North Carolina
Tags: Payments, API, developers, Finovate alum, FinDEVr alum
Source: Finovate

Paid
Accounts receivables management
Latest round: $1.4 million Seed
Total raised: $1.4 million
HQ: San Francisco, California
Tags: Small biz, SMB, financial management, billing, invoicing, accounting, bookkeeping
Source: Crunchbase

Privacy
Virtual card numbers on the fly
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: New York City, New York
Tags: Payments, security, debit/credit cards, consumer
Source: Crunchbase

Splittable
Expense-splitting mobile application
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: London, England, United Kingdom
Tags: Expense management, PFM, payments, mobile
Source: Crunchbase

Open Listings
Enabling home purchase without a real estate agent
Latest round: $1 million Seed
Total raised: $1 million
HQ: Los Angeles, California
Tags: Real estate, mortgage, home purchase, consumer, DIY, mobile
Source: Crunchbase

Clipperz
Blockchain-based notary service
Latest round: $110,000
Total raised: $110,000
HQ: Bagnacavallo, Italy
Tags: Security, privacy, cryptocurrency, data
Source: Crunchbase

Clarus Financial Technology
Software for derivatives market
Latest round: $110,000
Total raised: $110,000
HQ: London, England, United Kingdom
Tags: Enterprise, investing
Source: FT Partners

Replay (no website)
Apple TV purchase and payment marketplace
Latest round: $25,000 Hackathon prize
Total raised: $25,000
HQ: Los Angeles, California
Tags: Payments, ecommerce, shopping, marketplace
Source: Finovate

Bit2Me
Blockchain-based remittance app
Latest round: $10,000 Prize
Total raised: Unknown
HQ: Spain
Tags: Bitcoin, blockchain, remittances, payments, cryptocurrency, mobile
Source: Coindesk

Digital Currency Group
Cryptocurrency incubator and investor
Latest round: Undisclosed
Total raised: Unknown
HQ: New York City, New York
Tags: Cryptocurrency, blockchain, bitcoin, payments
Source: Crunchbase

GetSafe
Digital insurance manager
Latest round: Undisclosed
Total raised: Unknown
HQ: Heidelberg, Germany
Tags: Insurance, personal finance, consumer, mobile
Source: FT Partners

Omise
Payment gateway
Latest round: Undisclosed Series B
Total raised: $2.9 million (prior to Series B)
HQ: Bangkok, Thailand
Tags: Payments, API, developers, merchants, mobile
Source: Crunchbase

Tavaga
Mobile investment management
Latest round: Undisclosed
Total raised: Unknown
HQ: Mumbai, India
Tags: Investing, advisers, social network, mobile, wealth management, mutual fund
Source: FT Partners

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