Updated! Funding for fintechs is back on the rise. We tallied up equity funding in 2017 and our totals show that Finovate alumni pulled in $2.7 billion over the course of the year. This marks the fourth consecutive year alums passed the $2 billion mark and pushes the 4-year total to more than $10 billion.
In the fourth quarter of 2017, Finovate alums raised more than $730 million, beating last year’s Q4 total by more than $30 million. Q4 2017 also marked a resumption of the strong Q4s of last year and 2014.
Previously Quarterly Comparisons
- Q4 2016: More than $700 million raised by 26 alums
- Q4 2015: More than $302 million raised by 28 alums
- Q4 2014: More than $1.4 billion raised by 26 alums
- Q4 2013: More than $294 million raised by 17 alums
Q4 2017’s largest equity investment was the $280 million raised by TransferWise in November. Coming in second place was the $130 million in capital raised by BlueVine in October. The top 10 overall investments for the fourth quarter of 2017 totaled $654.7 million or more than 90% of the total alum funding for the quarter.
Top 10 Equity Investments (equity only)
- TransferWise: $280 million
- BlueVine: $130 million
- Feedzai: $50 million
- Passport: $43 million
- Credit Sesame: $42 million
- BankBazaar: $30 million
- TrueAccord: $22 million
- Featurespace: $21.9 million
- BondIT: $18.3 million
- Simility: $17.5 million
Here is our detailed alum funding report for Q4 2017.
October 2017: More than $337 million raised by 12 alums
- BankBazaar: $30 million – post
- BLUERUSH: $1.3 million – post
- BlueVine: $130 million – post
- BondIT: $18.3 million – post
- Credit Sesame: $42 million – post
- Featurespace: $21.9 million – post
- Feedzai: $50 million – post
- Finn.ai: $3 million – post
- Omnyway: $12.75 million – post
- SelfScore: $12 million – post
- Tink: $16.5 million – post
- Wealthify: undisclosed – post
November 2017: More than $308 million raised by three alums
December 2017: More than $89 million raised by eight alums
- Avoka: $12 million – post
- Financeit: undisclosed – post
- NuCypher: $4.3 million – post
- Passport: $43 million – post
- Payoneer: undisclosed – post
- Prevoty: $13 million – post
- SBDA: undisclosed – post
- Simility: $17.5 million – post
If you are a Finovate alum that raised money in the fourth quarter of 2017, and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.