FinTech Funding Rounds Recently Closed | Oct 20th Report

RankCompanyAmount RaisedFund ClosedMore Info
1 Climb Credit $130 M Oct-19 >
2 Finova Financial $102.5 M Oct-18 >
3 LendingHome $57 M Oct-17 >
4 Feedzai $50 M Oct-17 >
5 eShares $42 M Oct-11 >
6 Digital Asset $40 M Oct-16 >
7 Ripio $31 M Oct-11 >
8 CoverWallet $18.5 M Oct-12 >
9 OmnyWay $12.75 M Oct-12 >
10 Konfio $10 M Oct-11 >
11 True Link Financial $8 M Oct-11 >
12 Visor $6.5 M Oct-10 >
13 ePesos $6 M Oct-13 >
14 TableSafe $5.83 M Oct-11 >
15 Homebot $4.5 M Oct-11 >
16 Alloy $3.8 M Oct-18 >
17 CardX $2.1 M Oct-18 >
18 Collectly $1.9 M Oct-24 >
19 VISOR ADL $1.7 M Oct-5 >
19 Proof, Inc. $1.7 M Oct-10 >
21 Payment Rails $1.1 M Oct-10 >
22 Covera $1 M Oct-17 >
x bcause Undisclosed Oct-16 >
x Bloom Impact Undisclosed Oct-20 >

Source: Crunchbase

FinTech Funding Rounds | Oct 6 Report

Didn't Kabbage just fundraise? Following their August raise, Kabbage leads this period with another round. In related news, Earnest was acquired for $155 M, a long slide for a former-unicorn.

RankCompanyAmount RaisedFund ClosedMore Info
1 Kabbage $80.57 M Sep-13 >
2 ConsenSys $40 M Sep-19 >
3 Activehours $39 M Sep-19 >
4 Roofstock $35 M Sep-18 >
5 Stockpile $30 M Sep-20 >
6 Taulia $20 M Sep-14 >
7 Chime $18 M Sep-21 >
8 UnikoinGold $15 M Sep-11 >
9 Ensurem $12.25 M Sep-13 >
10 Slice Labs $11.6 M Sep-13 >
11 Vestwell $8 M Sep-20 >
11 Koho $8 M Sep-13 >
13 Albert $4.3 M Sep-11 >
14 Lively, Inc. $4.2 M Sep-7 >
15 Clearsurance $4 M Sep-16 >
16 Alt Thirty Six $0.67 M Sep-21 >
17 Havven $0.25 M Sep-21 >
x Anovia Payments Undisclosed Sep-21 >

Source: Crunchbase

FinTech Funding Rounds

There's been increased activity since last post! Ellevest is in hiring-mode (see our job board) after their latest Series A/C round — did you see Sallie at our NYC conference back in April?

RankCompanyAmount RaisedFund ClosedMore Info
1 Braavo Capital $70 M Sep-13 >
2 Raise Marketplace $60 M Sep-19 >
3 The Zebra $40 M Sep-19 >
4 Ellevest $34.6 M Sep-18 >
5 ChainLink(LINK) $32 M Sep-20 >
6 RealtyShares $28 M Sep-14 >
7 Tuition.io $7 M Sep-21 >
8 PayJoy $6 M Sep-11 >
9 dv01 $5.5 M Sep-13 >
10 YayPay Inc $5.3 M Sep-13 >
11 AlphaFlow $4.1 M Sep-20 >
12 Liveoak Technologies $2.5 M Sep-13 >
13 iraLogix $0.8875 M Sep-11 >
14 Machool Technologies Ltd. $0.5 M Sep-7 >
15 PieShell $0.05 M Sep-16 >
x Galaxy.AI Undisclosed Sep-21 >
x Groundspeed Analytics Undisclosed Sep-21 >
x HomeZada Undisclosed Sep-21 >
x LenderClose Undisclosed Sep-15 >
x Life.io Undisclosed Sep-21 >
x RefundNote Undisclosed Sep-14 >
x TerraManta Undisclosed Sep-11 >
x Wellthie Undisclosed Sep-21 >

Source: Crunchbase

Recent FinTech Fundraising Rounds

The steady beat of ICO-as-fundraiser has started showing up on our biweekly reports. It's interesting they're showing up on Crunchbase as generic "funding rounds" — see BitBounce and SURETLY below.

RankCompanyAmount RaisedFund ClosedMore Info
1 Blend $100 M Aug-24 >
2 TravelBank $25 M Aug-30 >
3 BitBounce $12.5 M Aug-29 >
4 AutoFi $10 M Aug-24 >
5 Amitree $7.128 M Aug-25 >
6 Domuso Inc. $3.1 M Aug-30 >
7 SURETLY $2.9 M Aug-24 >
8 Bestow, Inc. $2.5 M Aug-29 >
9 Finaeo Inc. $2.25 M Sep-5 >
10 Hoozip $0.25 M Aug-30 >
11 GiveHope $0.15 M Aug-30 >
x Claimly Undisclosed Sep-1 >
x TheGuarantors Undisclosed Aug-31 >
x Cloud Lending Inc. Undisclosed Sep-6 >
x Fair Undisclosed Sep-7 >

Source: Crunchbase

FinTech Startups closing Funding Rounds: Aug 10-24

RankCompanyAmount RaisedFund ClosedMore Info
1 Ellevest $32.459 M Aug-23 >
2 stride health $23.5 M Aug-22 >
3 Lumity, Inc. $19 M Aug-23 >
4 PLASTIQ $16 M Aug-10 >
5 Vyze $13.1 M Aug-11 >
6 Emailage $10 M Aug-23 >
6 AutoFi $10 M Aug-24 >
8 SURETLY $2.9 M Aug-24 >
9 Gabi $2.6 M Aug-23 >
10 CheddarGetter $1.25 M Aug-14 >
11 Elsen $0.93 M Aug-17 >
12 Cindicator $0.5 M Aug-15 >
X Insikt, Inc. Undisclosed Aug-15 >
X PHP Agency Inc. Undisclosed Aug-22 >

Source: Crunchbase

Key Takeaways from WEF's Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services

What follows is a summarized selection of takeaways from Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services, a 197-page document released this week by the World Economic Forum. 

Here is a link to the full article.

The document provides insights on the following verticals: Payments, Insurance, Digital Banking, Lending, Investment Management, Equity Crowdfunding, and Market Infrastructure. We've compiled the end-of-section takeaways for your convenience.

 

1. PAYMENTS

WEFPAYMENTS.png

 

2. INSURANCE

WEFINSURANCE.png

 

3. DIGITAL BANKING

WEFBANKING.png

 

4. LENDING

WEFLENDING.png

 

5. INVESTMENT MANAGEMENT

WTFINVEST.png

 

6. EQUITY CROWDFUNDING

WEFEQUITYCROWD.png

 

7. MARKET INFRASTRUCTURE

WEFMARKET.png

Once again, here is a link to the full article

Happy reading,

Empire Startups

p.s. See you at the San Francisco Empire FinTech Conference on Nov 14?

Fintech Fundraising Rounds

RankCompanyAmount RaisedFund ClosedMore Info
1 Kabbage $250 M Aug-3 >
2 Bread $126 M Aug-2 >
3 Coinbase $100 M Aug-10 >
4 Filecoin $52 M Aug-10 >
5 Juvo $40 M Aug-1 >
5 Personal Capital $40 M Aug-1 >
7 Stox $33.3 M Aug-4 >
8 Marqeta $25 M Jul-28 >
8 Tierion $25 M Jul-31 >
10 Guideline Technologies Inc. $15 M Aug-8 >
11 Socure $13.9 M Aug-9 >
12 PeerIQ $12 M Aug-2 >
13 Jetty $11.5 M Aug-8 >
14 StreetShares $10.3 M Aug-7 >
15 Flutterwave $10 M Jul-31 >
16 MagicCube, Inc. $8.5 M Aug-8 >
17 Crop Pro Insurance $8 M Aug-8 >
18 Limelight Health $7 M Aug-1 >
19 RentMoola $5 M Jul-31 >
20 Kin Insurance $4 M Aug-1 >
20 investFeed $4 M Aug-8 >
22 Funraise $3 M Aug-8 >
23 CoPower $2 M Jul-31 >
24 Cindicator $0.2 M Aug-10 >
25 AdvisorBid $0.085 M Aug-2 >
26 RealAtom $0.055 M Aug-1 >
X Gluon Undisclosed Aug-1 >
X Abaris Undisclosed Aug-3 >
X Elderscan Undisclosed Aug-3 >

Source: Crunchbase

Fintech Fundraising Rounds

RankCompanyAmount RaisedFund ClosedMore Info
1 Vroom $76 M Jul-14 >
2 Betterment $70 M Jul-21 >
3 FreshBooks $43 M Jul-18 >
4 Marqeta $25 M Jul-26 >
5 Karmic Labs $17.2 M Jul-19 >
6 Gravie $14.1 M Jul-19 >
7 Impact Health $13 M Jul-17 >
8 Borrowell $12 M Jul-21 >
9 Self Lender $5 M Jul-19 >
10 DoubleNet Pay $4 M Jul-21 >
11 LoftSmart $2.75 M Jul-26 >
12 Trust Stamp $2.675 M Jul-24 >
13 APiO $2.5 M Jul-20 >
13 Bind $2.5 M Jul-27 >
15 BenRevo $1.28 M Jul-21 >
16 FinTech Studios $1 M Jul-20 >
17 bridgerins.com $0.75 M Jul-27 >
18 LeagueNetwork.com $0.25 M Jul-15 >
x CoverWallet Undisclosed Jul-18 >
x Monotto Undisclosed Jul-25 >
x Symbiont Undisclosed Jul-20 >

Source: Crunchbase

FinTech Funding Rounds

This round of recently closed FinTech funding includes a Mexican startup — ComparaGuru.

RankCompanyAmount RaisedFund ClosedMore Info
1 Pearl Capital $15 M Jun-21 >
2 OpenDoor Trading $10 M Jun-27 >
2 Tango Card $10 M Jun-27 >
2 West Creek Financial $10 M Jun-20 >
5 Advizr $7 M Jun-22 >
5 ComparaGuru.com $7 M Jun-21 >
7 Royalty Exchange $6.4 M Jun-19 >
8 Exchangelodge $0.155 M Jun-26 >
x LendUp Undisclosed Jun-28 >
x CleanCapital Undisclosed Jun-21 >
x Ethos Undisclosed Jun-20 >
x Teller Undisclosed Jun-20 >

Source: Crunchbase

FinTech Funding Rounds

RankCompanyAmount RaisedFund ClosedMore Info
1 AvidXchange $300 M Jun-8 >
2 Addepar $140 M Jun-8 >
3 Element AI $102 M Jun-14 >
4 Cadre $65 M Jun-6 >
5 CrowdFlower $20 M Jun-12 >
6 Cardlytics $12 M Jun-9 >
7 BAM $10 M Jun-6 >
8 Sure $8 M Jun-14 >
9 Greenlight $7.5 M Jun-2 >
10 Ceterus $6M Jun-14 >
11 Covr Financial Technologies $5 M Jun-15 >
11 Wahed Invest Inc. $5 M Jun-6 >
13 Beanworks $4.5 M Jun-2 >
13 DealCloud $4.5 M Jun-5 >
15 Compliance.ai $4.0 M Jun-12 >
16 Quantifi $2 M Jun-7 >
17 Fuze Card $1.248 M Jun-7 >
x Loyyal Undisclosed Jun-12 >
x Lmrkts Undisclosed Jun-7 >
x Boost Payment Solutions Undisclosed Jun-13 >
x StockSnips Undisclosed Jun-8 >

Source: MEDICI and Crunchbase

FinTech Funding Rounds | June 2, 2017

RankCompanyAmount RaisedFund ClosedMore Info
1 Bright Health $160 M Jun-1 >
2 R3 CEV $107 M May-23 >
3 Billtrust $50 M May-25 >
4 PolicyGenius $30 M May-24 >
5 Wave $23.786 M May-30 >
6 Blispay $12 M May-23 >
6 TouchBistro $12 M May-31 >
8 LedgerX $11.4 M May-22 >
9 Numerated Growth Technologies $9 M May-19 >
10 Merlon Intelligence $7.65 M May-24 >
11 Carpe Data $6.6 M May-23 >
12 Applied Data Finance $6.5 M May-31 >
13 Spruce $4.5 M May-29 >
14 Long Game $4 M May-23 >
15 T-REX $2.6 M May-24 >
16 Precognitive $1.25 M May-19 >
17 Mylo $0.75 M May-23 >
18 Fuze Card $0.5 M May-29 >
18 MPOWER Financing $0.5 M Jun-1 >
20 Vanbex Group $0.365474 M May-31 >
x MBO Partners Undisclosed May-24 >
x Nomis Solutions Undisclosed May-25 >
x Purpose Investments Undisclosed May-25 >

Source: MEDICI and Crunchbase

Fifteen FinTech Fundraises

RankCompanyAmount RaisedFund ClosedMore Info
1 Wealthsimple $37 M May-11 >
1 LevelUp $37 M May-17 >
3 Neighborly $25 M May-17 >
4 Verse $20.5 M May-16 >
5 Axoni $20 M May-11 >
6 Finxact $12 M May-9 >
7 Solovis $8 M May-9 >
8 Microf $6.67 M May-10 >
9 InterNex Capital $3.85 M May-11 >
10 OpenInvest $3.25 M May-16 >
11 Funding Wonder, Inc. $1.395 M May-16 >
12 Accern $1.2 M May-15 >
13 Accrualify, Inc. $0.6 M May-9 >
14 Global Sports $0.05 M May-13 >
x Empower undisclosed May-9 >
x Symbiont undisclosed May-5 >

Source: MEDICI and Crunchbase

FinTech Funding Rounds | April 21 - May 5

RankCompanyAmount RaisedFund ClosedMore Info
1 Robinhood $110 M 26-Apr >
2 Ivalua $70 M 26-Apr >
3 Next Insurance $29 M 3-May >
4 Token $15.7 M 24-Apr >
5 One, INC. $15.5 M 2-May >
6 Nav $13 M 3-May >
7 Narrative Science $11 M 21-Apr >
8 Quovo $10 M 26-Apr >
9 MobileGo $4.5 M 26-Apr >
10 Nest Wealth $4.4 M 22-Apr >
11 Propel $4 M 27-Apr >
12 Morty $3 M 2-May >
12 Dave.com $3 M 25-Apr >
14 RateGravity $2 M 2-May >
15 Patch Homes $1 M 26-Apr >
15 InDebted $1 M 2-May >
17 Ripio $428 K 26-Apr >
X Global Sports undisclosed 1-May >
X Lemonade undisclosed 24-Apr >

 

Source: MEDICI and Crunchbase

Financial Innovation Labs, Techstars, and Funding Rounds in FinTech

It's been a very exciting week for us as we get ready for our flagship NY Empire FinTech Conference and FinTech Week NYC. Here are the FinTech fundraising rounds that happened in the last couple weeks:

RankCompanyAmount RaisedFund ClosedMore Info
1 SoFi Prime Income Fund $105 M Apr-19 >
2 Upgrade $60 M Apr-12 >
3 College Ave $30 M Apr-13 >
4 CyberGRX $20 M Apr-17 >
5 Dome9 $16.5 M Apr-19 >
6 Narrative Science $11 M Apr-21 >
7 LVH(55 Capital) $10 M Apr-13 >
7 Factom $8 M Apr-18 >
9 Amphora Software $5 M Apr-12 >
9 WeTrust $5 M Apr-13 >
11 Jetty $4 M Apr-8 >
12 MortgageHippo $2.25 M Apr-18 >
13 DadeSystems $2 M Apr-18 >
14 Approved $1 M Apr-14 >

Source: MEDICI and Crunchbase


The Financial Solutions Lab at CFSI is now accepting applications for its third class of FinTech innovators. This year, they’re seeking startups and nonprofits with solutions that can improve Americans’ financial health. The Lab, managed by CFSI with founding Lab partner JPMorgan Chase & Co., will provide winners with $250,000 in capital, partnership opportunities, and unprecedented access to industry experts. Learn more and apply by April 27 at https://goo.gl/hkj7sn.


The Barclays Techstars Accelerator in NYC is gearing up for the next cohort of incredible FinTech startups. From payments to lending, security to blockchain, capital markets to data and analytics, the opportunity to partner with a top tier bank like Barclays is incredibly impactful.

Applications are open now through July 2nd. Apply here.

Follow @jonzanoff for updates

FinTech Fundraising Rounds | InsurTech Innovation

Lots of InsurTech funding rounds closed in the last couple weeks. Join us on April 25th for the flagship Empire FinTech Conference at Webster Hall  featuring a panel on how the InsurTech market is heating up.

RankCompanyAmount RaisedFund ClosedMore Info
1 Trov $45 M Apr-6 >
2 Zilliant $30 M Apr-5 >
3 Cloudvirga $15 M Mar-27 >
4 Quint Group $12.507 M Mar-29 >
5 Raise.me $12 M Mar-29 >
6 ShapeShift $10.4 M Mar-29 >
7 Wellthie $5 M Apr-4 >
7 Emergent Payments $5 M Mar-28 >
9 ClaimVantage $2.17 M Mar-28 >
10 Groundspeed Analytics $2 M Apr-4 >
11 Random Forest Capital $1.75 M Apr-5 >
12 LeasePilot $1.5 M Mar-30 >
X Ledger Investing Undisclosed Mar-31 >
X Robinhood Undisclosed Apr-3 >
X Street Contxt Undisclosed Apr-6 >

Source: MEDICI and Crunchbase

FinTech Funding Rounds | March Madness

How's your bracket doing?

RankCompanyAmount RaisedFund ClosedMore Info
1 DataRobot $54M Mar-23 >
2 Canopy $20M Mar-13 >
3 Flow $13M Mar-15 >
4 Clarity $11M Mar-23 >
5 ProducePay $7M Mar-14 >
6 Autobooks $5.5M Mar-13 >
7 RavenPack $5M Mar-20 >
7 Launcher.Solutions $5M Mar-15 >
8 Insurify $4.6M Mar-16 >
9 Gro Solutions $4.25M Mar-20 >
10 Dosh $2M Mar-22 >
11 MarketX $1.7M Mar-16 >
12 Sift $1.5M Mar-10 >
13 SWITCH, Inc. $0.4M Mar-15 >
14 Moneytis $0.12M Mar-11 >

Source: MEDICI and Crunchbase

Neener Analytics Demo

Neener Analytics has developed a regulatory compliant social media analytics technology to help lenders, insurance companies and others better decision and understand specific individual risk outcomes for thin-file, no-file and credit challenged consumers using their patent-pending NextGen analytics technology. They decision Individuals, not Demographics. They have codified the essence of every human interaction using social media.

With their 1-click login, they have reduced application friction to almost zero and provided NextGen underwriting and marketing solutions in the same product. They can predict at extremely high rates DEFAULT, PAY-AS-AGREED, EARLY PAYOFF or FULL AMORTIZATION, or a RISK CORRELATED PROJECTED FICO with only a single Facebook, LinkedIn, or Twitter login.

 Demo Day, March 2017

Apply to demo at a future Demo Day here. 

Income& Demo

Income&: Dedicated to making fixed-income investing simpler, safer, and more transparent for all, Income&’s next generation peer-to-peer marketplace gives investors full visibility into individual loan data and performance, and the ability to only invest in the PRIMOs that fit their risk profile. Income& works exclusively with prime-rated mortgage loans and established name-brand mortgage lenders to bring investors the opportunity to invest in fractionalized, high-quality residential mortgage loans on the PRIMO marketplace.

SF Demo Day, March 2017

Apply to demo at a future Demo Day here. 

Asaak Demo

Asaak provides a full suite of financial services in emerging markets using mobile technology to keep operating costs low. Our risk algorithm can instantly score borrowers, with whom we use a community-based approach to build trust and provide a lifetime of easy financial access. By empowering consumers through mobile financial services, we are breaking the cycle of lack of access for the developing world. Investors have few options to generate consistently high returns, and at the same time, billions of emerging markets consumers lack access to credit; Asaak bridges the gap with a comprehensive lending marketplace.

SF Demo Day, March 2017

Apply to demo at a future Demo Day here.