Fintech Fundings: 20 Companies Raise $840 million Week Ending Dec 5
Apparently the cyber-monday excitement carried over into the fintech VC sector, as they pulled out their checkbooks in record amounts this week. Counting direct digital financial plays (AvantCredit and Atom Bank), $538 million in equity and $300 million in debt were raised the first week of December.Even without Avant and Atom, a $288 million in equity investments flowed in, the third highest week since we began tracking in August. That total included two Finovate alums: SocietyOne ($20 million) and iQauntify ($1 million).Fundings from Nov. 29 to Dec 5 by size of deal:AvantCreditDirect online lenderLatest round: $525 million ($225 million equity, $300 million debt)Total funding: $1.03 billion ($334 million equity, $700 million debt)Tags: Credit, underwriting, lending, sub-prime, near-prime, alt-lending, Chicago, IllinoisSource: CrunchbaseFinancing online purchases in ChinaLatest round: $100 millionTotal raised: $100+ millionTags: Credit, payments, underwriting, lending, POS, Bejing, ChinaSource: CrunchbaseStripeEasy-to-embed online payment processingLatest round: $70 million (at $3.5 bil valuation)Total funding: $190 millionTags: payments, API, programmable web, YC, processing, SMB, mobile, San Francisco, CaliforniaSource: CrunchbaseChinese wealth and investment managementLatest round: $50 millionTotal raised: $60 millionTags: Investing, wea
via finovate.com