Do VC investors slow down in the summer? Not this year. Since 1 June 2015, we’ve seen 189 fintech deals globally raising a total of $3.1 billion.
And this week was no different, with the highest number of funded companies since we began tracking a year ago. In total, 27 companies raised $345 million ($257 million equity; $88 million in debt). It was another stellar week for Finovate alums with 6 fundings totaling $123 million, including: Money-transfer service Payoneer ($50 mil); AI innovator Kensho ($33 million); tax specialist VATBox ($24 million); cash-back specialist Mogl ($7.9 million); mobile security provider Tyfone ($6.6 million); digital payments provider Digital Retail Apps ($770,000); and StockViews ($16,000 check from London-based accelerator, Startupbootcamp). Finally, Finovate charter-alum Yodlee received a buyout bid in excess of $660 million from Envestnet.
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Fintech Unicorn Watch: Along with Yodlee’s near-unicorn exit, another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2 billion. We’ll add it to our full unicorn list when we receive confirmation.
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Here are the deals in order of size between 8 Aug and 14 Aug 2015:
Prodigy Finance
Loan marketplace for graduate students
HQ: London, England, United Kingdom
Latest round: $100 million ($87.5 million Debt; $12.5 million Equity)
Total raised: $100 million($87.5 million Debt; $12.5 million Equity)
Tags: Lending, credit, crowdfunding, P2P, student loans, investing
Source: Crunchbase
Payoneer
International money transfers
HQ: New York City, New York
Latest round: $50 million
Total raised: $90 million
Tags: Payments, p2p, remittances, mobile, Finovate alum
Source: Finovate
Maestro Health
Health insurance solutions for the enterprise
HQ: Highland Park, Illinois
Latest round: $35 million
Total raised: $35 million
Tags: Insurance, self-insurance, enterprise
Source: Crunchbase
PokitDok
Healthcare and insurance APIs
HQ: San Mateo, California
Latest round: $34 million
Total raised: $46.2 million
Tags: Insurance, payments, healthcare, enterprise, SMB
Source: Crunchbase
Kensho
Artificial intelligence technology
HQ: New York City, New York
Latest round: $33 million Series A
Total raised: $58.3 million
Tags: Analytics, AI, business intelligence, BI
Source: Finovate
VATBox
VAT tax refund solution
HQ: Tel Aviv, Israel
Latest round: $24 million
Total raised: $24 million
Tags: Taxes, compliance, SMB, accounting, governance, Finovate alum
Source: Finovate
eShares
Equity management system
HQ: Mountain View, California
Latest round: $17 million
Total raised: $25.8 million
Tags: Investing, trading, stock shares, enterprise, compliance
Source: Crunchbase
Tyfone
Mobile security and payments
HQ: Portland, Oregon
Latest round: $6.6 million
Total raised: $12 million
Tags: Mobile, payments, security, authentication
Source: Finovate
Mogl
Online cash-back services for restaurants
HQ: San Diego, California
Latest round: $7.9 million
Total raised: $45.2 million
Tags: Payments, POS, SMB, acquiring, merchants, FinovateFall 2015 presenter
Source: FinovateFall 2015
OneAssist Consumer Solutions
Mobile and payment security
HQ: Mumbai, India
Latest round: $7.5 million
Total raised: $11 million
Tags: Mobile, security, payments, insurance
Source: FT Partners
Cloudability
Cloud-based spending management
HQ: Portland, Oregon
Latest round: $5.9 million
Total raised: $15.8 million
Tags: Accounting, enterprise, financial management, SMB
Source: NW Innovation
NUMONI
Micropayments
HQ: Singapore
Latest round: $4.8 million Series B
Total raised: Unknown
Tags: Payments, underbanked, unbanked, mobile
Source: The Paypers
bitFlyer
Bitcoin exchange
HQ: Tokyo, Japan
Latest round: $4.0 million
Total raised: $6.9 million
Tags: Cryptocurrency, virtual cash, payments
Source: Crunchbase
Scripbox
Online mutual fund investment platform
HQ: Bangalore, India
Latest round: $2.5 million Series A
Total raised: $ million
Tags: Investing, wealth management
Source: Crunchbase
CASHBOARD
Online investment management
HQ: Berlin, Germany
Latest round: $2.2 million
Total raised: Unknown
Tags: Investing, wealth management, personal finance
Source: EU Startups
Avalon Solutions
Payment processing solutions
HQ: Damascus, Maryland
Latest round: $2 million
Total raised: $5 million
Tags: Payments, acquiring, SMB, merchants, point-of-sale, POS
Source: FT Partners
PaidEasy
Mobile payments at the point-of-sale
HQ: New York City, New York
Latest round: $2 million Seed
Total raised: $2 million
Tags: Payments, point-of-sale, merchants, POS, mobile, SMB, acquiring
Source: Crunchbase
Stash
Digital investment adviser
HQ: New York City, New York
Latest round: $1.4 million Seed
Total raised: $1.4 million
Tags: Investings, savings, mobile
Source: Crunchbase
Invesdor
Equity crowdfunding platform
HQ: Finland
Latest round: $1.1 million
Total raised: $2.1 million
Tags: P2p, investing, peer-to-peer, SMB
Source: EU Startups
ToneTag
Mobile payments via audio waves
HQ: Mumbai, India
Latest round: $1 million
Total raised: Unknown
Tags: Payments, POS, point-of-sale, acquiring, merchants, SMB, contactless
Source: NFC World
Vendorin
Enabling electronic payments in B2B commerce
HQ: Omaha, Nebraska
Latest round: $900,000
Total raised: $4.9 million
Tags: Payments
Source: FT Partners
Digital Retail Apps
“Self-pay” mobile payments in-store
HQ: Toronto, Ontario, Canada
Latest round: $760,000 Seed
Total raised: $760,000
Tags: Payments, mobile, POS, point-of-sale, acquiring, SMB, merchants, Finovate alum
Source: Finovate
Money Clouds (aka Quemulus)
Goal-based savings
HQ: Bellevue, Washington
Latest round: $380,000
Total raised: $700,000
Tags: Personal finance, consumer, mobile
Source: Geekwire
Xfers
Payments platform for Southeast Asia
HQ: Singapore
Latest round: $120,000
Total raised: Unknown
Tags: Payment processing, online, mobile, merchants, SMB, API, Ycombinator (YC S15)
Source: YC
Second Measure
Applying consumer spending data to investment analysis
HQ: San Mateo, California
Latest round: $120,000
Total raised: $120,000
Tags: Y-Combinator (YC S15), investing, metrics, analytics, valuation
Source: YC
StockViews
Social investing platform
HQ: London, England, United Kingdom
Latest round: $16,000 Accelerator
Total raised: Unknown
Tags: Investments, social network, crowdsourcing, trading
Source: Finovate
SABR
Crypto-currency tracking
HQ: New York City, New York
Latest round: Unknown
Total raised: Unknown
Tags: 500 Startups (accelerator), bitcoin, security, regulation
Source: VentureBeat