Featurespace Falls on a Fresh $9 Million in Funding

FeaturespaceHomepage

Behavioral analytics company Featurespace has raised $9 million in funding in a round led by U.S.-based TTV Capital.

The venture round, which elevates Featurespace’s funding to $16.4 million, was augmented by support from existing investors Imperial Innovations Group, Nesta, Cambridge Angels and Cambridge Capital Group. The U.K.-based company plans to use the round to further expand to the U.S. market after striking recent deals with TSYS and an unnamed U.S. bank.

TTV Capital’s Managing Partner Gardiner Garrard comments, “This funding round is the first time we’ve invested in a mainland UK company, and reflects our support of Featurespace’s transformative fraud detection capabilities.”

At FinovateEurope 2016 Featurespace launched its ARIC Engine which monitors user behavior and leverages machine learning to determine suspicious, inconsistent transactions.

The post Featurespace Falls on a Fresh $9 Million in Funding appeared first on Finovate.


Source: FinTech

Featurespace Falls on a Fresh $9 Million in Funding

FeaturespaceHomepage

Behavioral analytics company Featurespace has raised $9 million in funding in a round led by U.S.-based TTV Capital.

The venture round, which elevates Featurespace’s funding to $16.4 million, was augmented by support from existing investors Imperial Innovations Group, Nesta, Cambridge Angels and Cambridge Capital Group. The U.K.-based company plans to use the round to further expand to the U.S. market after striking recent deals with TSYS and an unnamed U.S. bank.

TTV Capital’s Managing Partner Gardiner Garrard comments, “This funding round is the first time we’ve invested in a mainland UK company, and reflects our support of Featurespace’s transformative fraud detection capabilities.”

At FinovateEurope 2016 Featurespace launched its ARIC Engine which monitors user behavior and leverages machine learning to determine suspicious, inconsistent transactions.

The post Featurespace Falls on a Fresh $9 Million in Funding appeared first on Finovate.


Source: FinTech

PayNearMe Acquires Prism Money to Offer Bill Presentment for Enterprise Clients

PayNearMeHomepage2016

Digital cash payment service PayNearMe announced today that it has acquired financial management and billpay app Prism Money. PayNearMe will leverage Prism Money’s billpay and ACH/card payment capabilities to offer enterprise clients a bill presentment API integration.

The California-based company’s founder and CEO Danny Shader explained that Prism enables it to offer government agencies, banks, and businesses “a menu of bill presentment and payment capabilities” that can be customized for the end customer.

Prism

As a result of the partnership, Visa (FinDEVr San Francisco 2014 presenter) will offer the new bill presentment capabilities to its enterprise customers and will add it to the Visa Prepaid consumer reloadable cards. Tony Chang, VP of prepaid product at Visa notes,

“Visa prepaid card providers can now easily integrate bill presentment and same-day bill payment into their existing apps, making it easier than ever for Visa prepaid cardholders to pay bills immediately when they receive wages onto their prepaid cards,”

Founded in 2009, PayNearMe enables consumers to pay bills using cash at 17,000+ retail stores across the U.S. by scanning a barcode on their smartphone. Most recently, the company partnered with the Internal Revenue Service to allow underbanked consumers to pay their taxes in cash. It also struck a deal with Dallas Area Rapid Transit to facilitate bus fare purchases on its platform.

PayNearMe presented at FinovateSpring 2013 and at FinDEVr San Francisco 2014. The company will continue to expand its flagship cash payment service by increasing its retail partnerships.

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Source: FinTech

PayNearMe Acquires Prism Money to Offer Bill Presentment for Enterprise Clients

PayNearMeHomepage2016

Digital cash payment service PayNearMe announced today that it has acquired financial management and billpay app Prism Money. PayNearMe will leverage Prism Money’s billpay and ACH/card payment capabilities to offer enterprise clients a bill presentment API integration.

The California-based company’s founder and CEO Danny Shader explained that Prism enables it to offer government agencies, banks, and businesses “a menu of bill presentment and payment capabilities” that can be customized for the end customer.

Prism

As a result of the partnership, Visa (FinDEVr San Francisco 2014 presenter) will offer the new bill presentment capabilities to its enterprise customers and will add it to the Visa Prepaid consumer reloadable cards. Tony Chang, VP of prepaid product at Visa notes,

“Visa prepaid card providers can now easily integrate bill presentment and same-day bill payment into their existing apps, making it easier than ever for Visa prepaid cardholders to pay bills immediately when they receive wages onto their prepaid cards,”

Founded in 2009, PayNearMe enables consumers to pay bills using cash at 17,000+ retail stores across the U.S. by scanning a barcode on their smartphone. Most recently, the company partnered with the Internal Revenue Service to allow underbanked consumers to pay their taxes in cash. It also struck a deal with Dallas Area Rapid Transit to facilitate bus fare purchases on its platform.

PayNearMe presented at FinovateSpring 2013 and at FinDEVr San Francisco 2014. The company will continue to expand its flagship cash payment service by increasing its retail partnerships.

The post PayNearMe Acquires Prism Money to Offer Bill Presentment for Enterprise Clients appeared first on Finovate.


Source: FinTech

Twilio Readies for $100 Million IPO

Twilio_homepage_May2016San Francisco-based, cloud communication specialist Twilio is seeking to raise $100 million in an initial public offering. Twilio will trade on the New York Stock Exchange under the ticker, TWLO. Underwriting the offering are:

  • Goldman Sachs
  • J.P. Morgan
  • Allen & Company ,
  • Pacific Crest Securities
  • JMP Securities
  • William Blair
  • Canaccord Genuity

The impending fintech IPO has some wondering whether or not the news marks the end of a relatively quiet period for public offerings. Currently valued at more than $1 billion, Twilio has raised more than $230 million in funding to date. The pricing of the company’s shares has not been disclosed and the company is still not turning a profit. But with revenues of $166 million in 2015, more than 28,000 active customer accounts, and customers ranging from Uber and Coca-Cola to Home Depot and WhatsApp, Twilio hopes to impress investors with a range of solutions ranging from authentication technology to programmable voice, video, SMS, and wireless solutions.

Twilio_Authy_stage_FF2015

Pictured: Twilio VP and General Manager Marc Boroditsky demonstrating Authy OneTouch at FinovateFall 2015.

Twilio’s SEC filing reveals revenues of $166 million for 2015 and $59 million in the three months ending March 31, 2016. The quarterly gain represented a boost of 78% year-over-year, while the annual sales figure represented a gain of 88% over 2014. Net losses also increased, growing 32% from $26.7 million to $35.4 million.

“Our goal is for Twilio to be in the toolkit of every software developer in the world,” the prospectus reads. “As of March 31, 2016, over 900,000 developer accounts had been registered on our platform.” The prospectus also lists the company’s key elements of the Twilio’s growth strategy, which include continued investment in technology, expanded focus on the enterprise, growing their developer community, and “selectively pursue acquisitions and strategic investments.” Note that Twilio purchased Authy, its first major acquisition, in February 2015 for an undisclosed sum.

Founded in 2012 and headquartered in San Francisco, Twilio demonstrated its Authy OneTouch authentication solution at FinovateFall 2015. The company is also a FinDEVr alum, having presented Authy 2FA in 20 Minutes,” at FinDEVr 2015 San Francisco.

 

The post Twilio Readies for $100 Million IPO appeared first on Finovate.


Source: FinTech

Twilio Readies for $100 Million IPO

Twilio_homepage_May2016San Francisco-based, cloud communication specialist Twilio is seeking to raise $100 million in an initial public offering. Twilio will trade on the New York Stock Exchange under the ticker, TWLO. Underwriting the offering are:

  • Goldman Sachs
  • J.P. Morgan
  • Allen & Company ,
  • Pacific Crest Securities
  • JMP Securities
  • William Blair
  • Canaccord Genuity

The impending fintech IPO has some wondering whether or not the news marks the end of a relatively quiet period for public offerings. Currently valued at more than $1 billion, Twilio has raised more than $230 million in funding to date. The pricing of the company’s shares has not been disclosed and the company is still not turning a profit. But with revenues of $166 million in 2015, more than 28,000 active customer accounts, and customers ranging from Uber and Coca-Cola to Home Depot and WhatsApp, Twilio hopes to impress investors with a range of solutions ranging from authentication technology to programmable voice, video, SMS, and wireless solutions.

Twilio_Authy_stage_FF2015

Pictured: Twilio VP and General Manager Marc Boroditsky demonstrating Authy OneTouch at FinovateFall 2015.

Twilio’s SEC filing reveals revenues of $166 million for 2015 and $59 million in the three months ending March 31, 2016. The quarterly gain represented a boost of 78% year-over-year, while the annual sales figure represented a gain of 88% over 2014. Net losses also increased, growing 32% from $26.7 million to $35.4 million.

“Our goal is for Twilio to be in the toolkit of every software developer in the world,” the prospectus reads. “As of March 31, 2016, over 900,000 developer accounts had been registered on our platform.” The prospectus also lists the company’s key elements of the Twilio’s growth strategy, which include continued investment in technology, expanded focus on the enterprise, growing their developer community, and “selectively pursue acquisitions and strategic investments.” Note that Twilio purchased Authy, its first major acquisition, in February 2015 for an undisclosed sum.

Founded in 2012 and headquartered in San Francisco, Twilio demonstrated its Authy OneTouch authentication solution at FinovateFall 2015. The company is also a FinDEVr alum, having presented Authy 2FA in 20 Minutes,” at FinDEVr 2015 San Francisco.

 

The post Twilio Readies for $100 Million IPO appeared first on Finovate.


Source: FinTech

Actiance Brings on Naresh Bansal as New CFO

ActianceHomepage

BansalCommunications compliance and analytics company Actiance has appointed Naresh Bansal as its new chief financial officer. Bansal is stepping in for Tim Conley, the company’s former CFO, who left to pursue a career as a consultant.

Bansal’s impressive pedigree includes 20 years of financial management for both public and private firms including 10 years in leadership positions for SaaS companies. Bansal most recently served as VP of Finance for Zscaler, a cloud-based security company.

In a press release, the company notes Bansal’s success in “building teams, creating processes, and taking companies through the IPO process.” Actiance CEO Kailash Ambwani explains, “Naresh will play a critical role as we continue to map out strategies for long-term growth and augment our financial structure to support fiscal management, profitability, and success. His experience as an operational CFO for highly successful companies will be invaluable to us. More importantly, he knows software-as-a-service (SaaS) inside and out, and has successfully scaled operations at companies in our exact growth stage.”

Since launching in 1998, the company has raised $43.6 million in 3 funding rounds. At FinovateFall 2012 Actiance debuted Socialitea tool that helps banks stay compliant while using social media. Earlier this month, the company unveiled a cloud-based platform to help healthcare and pharmaceutical companies comply with security and privacy regulations.

The post Actiance Brings on Naresh Bansal as New CFO appeared first on Finovate.


Source: FinTech

Actiance Brings on Naresh Bansal as New CFO

ActianceHomepage

BansalCommunications compliance and analytics company Actiance has appointed Naresh Bansal as its new chief financial officer. Bansal is stepping in for Tim Conley, the company’s former CFO, who left to pursue a career as a consultant.

Bansal’s impressive pedigree includes 20 years of financial management for both public and private firms including 10 years in leadership positions for SaaS companies. Bansal most recently served as VP of Finance for Zscaler, a cloud-based security company.

In a press release, the company notes Bansal’s success in “building teams, creating processes, and taking companies through the IPO process.” Actiance CEO Kailash Ambwani explains, “Naresh will play a critical role as we continue to map out strategies for long-term growth and augment our financial structure to support fiscal management, profitability, and success. His experience as an operational CFO for highly successful companies will be invaluable to us. More importantly, he knows software-as-a-service (SaaS) inside and out, and has successfully scaled operations at companies in our exact growth stage.”

Since launching in 1998, the company has raised $43.6 million in 3 funding rounds. At FinovateFall 2012 Actiance debuted Socialitea tool that helps banks stay compliant while using social media. Earlier this month, the company unveiled a cloud-based platform to help healthcare and pharmaceutical companies comply with security and privacy regulations.

The post Actiance Brings on Naresh Bansal as New CFO appeared first on Finovate.


Source: FinTech

Finovate Alums Help Represent Fintech Innovation in Israel

Israel_FlagPYMNTS.com published an interesting, metric-based post on the tech scene in Israel. The post emphasized that while the country has a well-deserved reputation as a “cybersecurity hotspot,” it is also true that “Israel’s tech ambitions and prowess extend much further.”

The statistic that stood out to me was 430: the number of fintech startups headquartered in Israel. What’s most impressive is the fact that in 2009, there were only 90.

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation.

Our 14 Israel-based Finovate alums have raised more than $164 million in funding. Two of the alums – NICE Systems and Top Image Systems – are publicly traded on the Nasdaq, and two – Capitali.se and TipRanks – have won Best of Show awards.

TheFloor_Israelfintechhub

There’s no doubt the fintech in Israel is on the move. The country’s first fintech hub, The Floor, was launched in 2015, and as of March 2016 is now located at the Tel Aviv Stock Exchange. Writing about why fintech innovation is thriving in Israel, VentureBeat’s Avi Zeevi of Carmel Ventures highlighted a few key features:

  • Mastery of relevant technologies such as real-time analytics, cybersecurity, and risk management
  • Legacy of success creating a “startup ecosystem (with) massive amounts of knowledge”
  • The country has learned from other key global financial centers
  • Global financial institutions have a presence and have been investing in Israel
  • Israeli FIs “have always been open to innovation”

“All of this had led to a dramatic rise in investments in Israel fintech companies,” Zeevi wrote. “By addressing the needs of both developed and emerging markets, Israeli fintech will only continue to grow.”

Are you an Israel-based Finovate or FinDEVr alum that we overlooked? Send us an email at research@finovate.com and we’ll update our roster.

 

 

The post Finovate Alums Help Represent Fintech Innovation in Israel appeared first on Finovate.


Source: FinTech

Finovate Alums Help Represent Fintech Innovation in Israel

Israel_FlagPYMNTS.com published an interesting, metric-based post on the tech scene in Israel. The post emphasized that while the country has a well-deserved reputation as a “cybersecurity hotspot,” it is also true that “Israel’s tech ambitions and prowess extend much further.”

The statistic that stood out to me was 430: the number of fintech startups headquartered in Israel. What’s most impressive is the fact that in 2009, there were only 90.

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation.

Our 14 Israel-based Finovate alums have raised more than $164 million in funding. Two of the alums – NICE Systems and Top Image Systems – are publicly traded on the Nasdaq, and two – Capitali.se and TipRanks – have won Best of Show awards.

TheFloor_Israelfintechhub

There’s no doubt the fintech in Israel is on the move. The country’s first fintech hub, The Floor, was launched in 2015, and as of March 2016 is now located at the Tel Aviv Stock Exchange. Writing about why fintech innovation is thriving in Israel, VentureBeat’s Avi Zeevi of Carmel Ventures highlighted a few key features:

  • Mastery of relevant technologies such as real-time analytics, cybersecurity, and risk management
  • Legacy of success creating a “startup ecosystem (with) massive amounts of knowledge”
  • The country has learned from other key global financial centers
  • Global financial institutions have a presence and have been investing in Israel
  • Israeli FIs “have always been open to innovation”

“All of this had led to a dramatic rise in investments in Israel fintech companies,” Zeevi wrote. “By addressing the needs of both developed and emerging markets, Israeli fintech will only continue to grow.”

Are you an Israel-based Finovate or FinDEVr alum that we overlooked? Send us an email at research@finovate.com and we’ll update our roster.

 

 

The post Finovate Alums Help Represent Fintech Innovation in Israel appeared first on Finovate.


Source: FinTech

Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Money_circuitThe second quarter funding pace continued to stay strong with 26 companies raising $267 million ($55 million of that was debt) the first week of May. The deals were widely dispersed around the world, with only 4 of the 26 companies hanging their shingles in California (although those four did account for half the dollar value).

The total number of deals YTD stands at 464, nearly double last year’s 252. Total dollars raised YTD is now $14.3 billion, more than twice the $6.6 billion raised during the same period a year ago.

Two Finovate alums scored big rounds:

——-

Fintech deals by size from 30 April to 6 May 2016:

VTS
Commercial real estate leasing & asset management platform
Latest round: $55 million Series C
Total raised: $87.7 million
HQ: New York City
Tags: SMB, enterprise, commerical real estate, commerical mortgage, asset management
Source: Crunchbase

MobiKwik
Mobile wallet
Latest round: $50 million Series C
Total raised: $86.9 million
HQ: Gurgaon, India
Tags: Consumer, payments, banking, mobile, telecom top-ups, mobile
Source: Crunchbase

Intacct
Digital banking company
Latest round: $40 million Debt (Silcon Valley Bank)
Total raised: $125.8 million (includes $85 million Debt)
HQ: San Jose, California
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing
Source: Crunchbase

Varo Money
Digital bank
Latest round: $27.4 million Private Equity
Total raised: $27.4 million
HQ: San Francisco, California
Tags: Consumer, deposits, payments, debit card, banking, mobile
Source: Crunchbase, WSJ

Zooz
Payments technology
Latest round: $24 million
Total raised: $40.5 million
HQ: Kefar Sava, Israel
Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards, Finovate alum
Source: Finovate

Net Element
Mobile payments
Latest round: $20 million Post-IPO Equity ($5 mil) and Debt ($15 mil)
Total raised: Unknown (NASDAQ: NETE)
HQ: Miami, Florida
Tags: Consumer, payments, brands: TOT Group, Unified Payments, Aptito, TOT Money
Source: Crunchbase

Azimo
Digital banking company
Latest round: $15 million
Total raised: $46.6 million
HQ: London, England, UK
Tags: Consumer, payments, peer-to-peer P2P funds transfers, remittances, FX, Rakuten (investor), Finovate alum
Source: Finovate

Bench
Online bookkeeping service
Latest round: $15 million
Total raised: $54.5 million
HQ: Vancouver, British Columbia, Canada
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing, omni-channel
Source: Crunchbase

Passport
Payments for transportation & parking
Latest round: $8 million Series B
Total raised: $15.54 million
HQ: Charlotte, North Carolina
Tags: Enterprise, SMB, payments, mobile
Source: Crunchbase

YieldStreet
Marketplace lender
Latest round: $3.7 million Seed
Total raised: $3.7 million
HQ: New York City
Tags: Consumer, advisors, SMB, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase

Love Will Inc.
Blockchain-based financial applications
Latest round: $2.51 million
Total raised: $2.61 million
HQ: St. Louis, Missouri
Tags: Consumer, payments, blockchain, crypto-currency, bitcoin, peer-to-peer funds transfers, remittances
Source: Crunchbase

Earny
Purchase protection tool for cardholders
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Santa Monica, California
Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase

BrightFlag
Invoice analytics
Latest round: $1.1 million
Total raised: $1.47 million
HQ: Dublin, Ireland
Tags: SMB, accounting, accounts receivables, billpay, analytics, machine learning
Source: Crunchbase

T2P (iBaht)
Prepaid debit card
Latest round: $1.1 million
Total raised: $1.1 million
HQ: Bangkok, Thailand
Tags: Consumer, payments, debit cards, prepaid
Source: Crunchbase

Monera
Personal finance portal
Latest round: $550,000
Total raised: $550,000
HQ: Copenhagen, Denmark
Tags: Consumer, price comparisons, insurance, mortgage, banking, lead gen, discovery, quotes
Source: Crunchbase

Dynamis Software
Sales tools for health insurance brokers
Latest round: $520,000
Total raised: $2.62 million
HQ: Milwaukee, Wisconsin
Tags: SMB, enterprise, healthcare, health insurance, CDHC plans, sales, marketing
Source: FT Partners

Active.ai
Banking & wealth management platform
Latest round: $500,000 Seed
Total raised: $500,000
HQ: India
Accelerator: Kstart
Tags: Banks, advisors, banking, wealth management, investing
Source: Crunchbase

Affordplan
Payments plan for emergency health services
Latest round: $500,000 Seed
Total raised: $500,000
HQ: New Delhi, India
Accelerator: Kstart
Tags: Healthcare providers, payments, credit, short-term loans, payments plans, underwriting
Source: Crunchbase

PoshBerry
Blockchain-based loyalty wallet
Latest round: $250,000 Seed
Total raised: $250,000
HQ: Glarus, Switzerland
Tags: Enterprise (B2B2C), payments, loyalty, debit/credit cards, rewards, blockchain, crypto-currency
Source: Crunchbase

PFITR (Public Funds Investment Tracking and Report)
Porftfolio management for institutional investors
Latest round: $200,000 Convertible Note
Total raised: $1.02 million
HQ: St. Louis, Missouri
Accelerator: VC Fintech Accelerator (Little Rock, Arkansas)
Tags: Investing
Source: Crunchbase

TruckPay
Payment services in the construction industry
Latest round: $200,000 Convertible Note
Total raised: $200,000
HQ: Tenafly, New Jersey
Tags: SMB, payments, logistics, merchants
Source: Crunchbase

Bonop
Micropayments
Latest round: $58,000 Seed
Total raised: $58,000
HQ: Marbella, Spain
Tags: Consumer, payments, content
Source: Crunchbase

Digitzs
Payments provider for digital services
Latest round: Not disclosed Seed
Total raised: $2.55 million
HQ: Santa Monica, California
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

EPG (Easy Payment Gateway)
Payment management 
Latest round: Undisclosed
Total raised: $1.8 million
HQ: Gibraltar
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

Hishab Ltd. 
Voice-based mobile POS
Latest round: Not disclosed
Total raised: Unknown
HQ: Tokyo, Japan
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

Paylike
Payment platform
Latest round: Not disclosed
Total raised: Unkonwn
HQ: Aarhus, Denmark
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring mobile, APIs, developers
Source: Crunchbase

The post Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6 appeared first on Finovate.


Source: FinTech

Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Money_circuitThe second quarter funding pace continued to stay strong with 26 companies raising $267 million ($55 million of that was debt) the first week of May. The deals were widely dispersed around the world, with only 4 of the 26 companies hanging their shingles in California (although those four did account for half the dollar value).

The total number of deals YTD stands at 464, nearly double last year’s 252. Total dollars raised YTD is now $14.3 billion, more than twice the $6.6 billion raised during the same period a year ago.

Two Finovate alums scored big rounds:

——-

Fintech deals by size from 30 April to 6 May 2016:

VTS
Commercial real estate leasing & asset management platform
Latest round: $55 million Series C
Total raised: $87.7 million
HQ: New York City
Tags: SMB, enterprise, commerical real estate, commerical mortgage, asset management
Source: Crunchbase

MobiKwik
Mobile wallet
Latest round: $50 million Series C
Total raised: $86.9 million
HQ: Gurgaon, India
Tags: Consumer, payments, banking, mobile, telecom top-ups, mobile
Source: Crunchbase

Intacct
Digital banking company
Latest round: $40 million Debt (Silcon Valley Bank)
Total raised: $125.8 million (includes $85 million Debt)
HQ: San Jose, California
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing
Source: Crunchbase

Varo Money
Digital bank
Latest round: $27.4 million Private Equity
Total raised: $27.4 million
HQ: San Francisco, California
Tags: Consumer, deposits, payments, debit card, banking, mobile
Source: Crunchbase, WSJ

Zooz
Payments technology
Latest round: $24 million
Total raised: $40.5 million
HQ: Kefar Sava, Israel
Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards, Finovate alum
Source: Finovate

Net Element
Mobile payments
Latest round: $20 million Post-IPO Equity ($5 mil) and Debt ($15 mil)
Total raised: Unknown (NASDAQ: NETE)
HQ: Miami, Florida
Tags: Consumer, payments, brands: TOT Group, Unified Payments, Aptito, TOT Money
Source: Crunchbase

Azimo
Digital banking company
Latest round: $15 million
Total raised: $46.6 million
HQ: London, England, UK
Tags: Consumer, payments, peer-to-peer P2P funds transfers, remittances, FX, Rakuten (investor), Finovate alum
Source: Finovate

Bench
Online bookkeeping service
Latest round: $15 million
Total raised: $54.5 million
HQ: Vancouver, British Columbia, Canada
Tags: SMB, accounting, payroll, bookkeeping, billing, payments, invoicing, omni-channel
Source: Crunchbase

Passport
Payments for transportation & parking
Latest round: $8 million Series B
Total raised: $15.54 million
HQ: Charlotte, North Carolina
Tags: Enterprise, SMB, payments, mobile
Source: Crunchbase

YieldStreet
Marketplace lender
Latest round: $3.7 million Seed
Total raised: $3.7 million
HQ: New York City
Tags: Consumer, advisors, SMB, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase

Love Will Inc.
Blockchain-based financial applications
Latest round: $2.51 million
Total raised: $2.61 million
HQ: St. Louis, Missouri
Tags: Consumer, payments, blockchain, crypto-currency, bitcoin, peer-to-peer funds transfers, remittances
Source: Crunchbase

Earny
Purchase protection tool for cardholders
Latest round: $1.2 million Seed
Total raised: $1.2 million
HQ: Santa Monica, California
Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P
Source: Crunchbase

BrightFlag
Invoice analytics
Latest round: $1.1 million
Total raised: $1.47 million
HQ: Dublin, Ireland
Tags: SMB, accounting, accounts receivables, billpay, analytics, machine learning
Source: Crunchbase

T2P (iBaht)
Prepaid debit card
Latest round: $1.1 million
Total raised: $1.1 million
HQ: Bangkok, Thailand
Tags: Consumer, payments, debit cards, prepaid
Source: Crunchbase

Monera
Personal finance portal
Latest round: $550,000
Total raised: $550,000
HQ: Copenhagen, Denmark
Tags: Consumer, price comparisons, insurance, mortgage, banking, lead gen, discovery, quotes
Source: Crunchbase

Dynamis Software
Sales tools for health insurance brokers
Latest round: $520,000
Total raised: $2.62 million
HQ: Milwaukee, Wisconsin
Tags: SMB, enterprise, healthcare, health insurance, CDHC plans, sales, marketing
Source: FT Partners

Active.ai
Banking & wealth management platform
Latest round: $500,000 Seed
Total raised: $500,000
HQ: India
Accelerator: Kstart
Tags: Banks, advisors, banking, wealth management, investing
Source: Crunchbase

Affordplan
Payments plan for emergency health services
Latest round: $500,000 Seed
Total raised: $500,000
HQ: New Delhi, India
Accelerator: Kstart
Tags: Healthcare providers, payments, credit, short-term loans, payments plans, underwriting
Source: Crunchbase

PoshBerry
Blockchain-based loyalty wallet
Latest round: $250,000 Seed
Total raised: $250,000
HQ: Glarus, Switzerland
Tags: Enterprise (B2B2C), payments, loyalty, debit/credit cards, rewards, blockchain, crypto-currency
Source: Crunchbase

PFITR (Public Funds Investment Tracking and Report)
Porftfolio management for institutional investors
Latest round: $200,000 Convertible Note
Total raised: $1.02 million
HQ: St. Louis, Missouri
Accelerator: VC Fintech Accelerator (Little Rock, Arkansas)
Tags: Investing
Source: Crunchbase

TruckPay
Payment services in the construction industry
Latest round: $200,000 Convertible Note
Total raised: $200,000
HQ: Tenafly, New Jersey
Tags: SMB, payments, logistics, merchants
Source: Crunchbase

Bonop
Micropayments
Latest round: $58,000 Seed
Total raised: $58,000
HQ: Marbella, Spain
Tags: Consumer, payments, content
Source: Crunchbase

Digitzs
Payments provider for digital services
Latest round: Not disclosed Seed
Total raised: $2.55 million
HQ: Santa Monica, California
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

EPG (Easy Payment Gateway)
Payment management 
Latest round: Undisclosed
Total raised: $1.8 million
HQ: Gibraltar
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

Hishab Ltd. 
Voice-based mobile POS
Latest round: Not disclosed
Total raised: Unknown
HQ: Tokyo, Japan
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring
Source: Crunchbase

Paylike
Payment platform
Latest round: Not disclosed
Total raised: Unkonwn
HQ: Aarhus, Denmark
Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring mobile, APIs, developers
Source: Crunchbase

The post Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6 appeared first on Finovate.


Source: FinTech