Payments

26 US Payments Companies That Raised Money in 2015

In the payments industry, highly used terms such as “unbanked” and “underbanked” have been the mantra for multiple startups. The FinTech payments sector has seen large rounds of funding since it is hot property today.

There’s never a dull moment in the payments space. Below is the detailed list of investments for all the 26 companies who have raised more than $1 billion in investments in 2015.

Affirm

Funding: $275 million in Series B funding

Investors: Lightspeed Venture Partners, Khosla Ventures, Andreessen Horowitz, Jefferies Group, Spark Capital

Country of Origin: USA

Affirm is a next generation financial services company which offers installment loans to consumers at the point-of-sale. Affirm enables people to take out simple loans and turn any purchase into a few monthly payments.

Final

Funding: $1 million in seed round

Investors: Y Combinator, T5 Capital, Ludlow Ventures

Country of Origin: USA

Final issues credit cards that give consumers total control over their merchant relationships.

Eligible

Funding: $2.6 million through venture capital funding

Investors: Novatron Ltd., QueensBridge Venture Partners, Fresco Capital, MetaLab, RTA Capital, Deerfield, Y Combinator

Country of Origin: USA

Eligible offers APIs for healthcare eligibility, claims and payments.

Fundbox

Funding: $40 million in Series B funding

Investors: LionBird, Blumberg Capital, Shlomo Kramer, Khosla Ventures, NyCa Investment Partners, General Catalyst Partners

Country of Origin: USA

Fundbox leverages deep data analytics to accelerate cash flow and clear invoices for small businesses.

Spreedly

Funding: $0.9 million in seed funding round

Investors: NA

Country of Origin: USA

Spreedly is a cloud-based credit card vault that allows users to work with multiple payment gateways simultaneously.

Bringhub

Funding: $2 million in seed funding round

Investors: BAM Ventures, Clark Landry, Capital Union Investments, Canyon Creek Capital, Bill Budinger, PreAngel

Country of Origin: USA

Bringhub is the shopping experience for the connected generation. Bringhub empowers readers to shop at their favorite stores directly in their favorite content.

Ripple Labs Inc.

Funding: $28 million in Series A funding

Investors: IDG Capital Partners, CME Group, Seagate Technology, AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital and Wicklow Capital.

Country of Origin: USA

Ripple Labs is a global leader in distributed payments technology. The team supports the adoption of Ripple, a technology that powers free and instant exchange of anything of value, and the creation of an Internet of Value (IoV).

Prism

Funding: $2 million through venture capital

Investors: John Keister, Chase Franklin, Rudy Gadre

Country of Origin: USA

Prism offers an online bill payment application that enables users to review, manage and pay their bills through smartphones.

Boost

Funding: $0.25 million in seed funding

Investors: NA

Country of Origin: USA

Boost Media is a startup that uses crowdsourcing and split testing to help businesses find effective words and images for their online ads.

Blade Financial

Funding: $0.9 million in seed funding

Investors: Green D Fund, Bart Stephens, Marc van der Chijs, Structure Fund, Brad Zions, Cross Pacific Capital Partners

Country of Origin: USA

Blade is a debit processing platform for digital currency companies.

MoneyStream

Funding: $3.2 million in Series A funding

Investors: Bruno Bowden, H&R Block

Country of Origin: USA

MoneyStream is an all-in-one smart money management service that manages money and bills for free.

HelloBit

Funding: $0.15 million in seed funding

Investors: NA

Country of Origin: USA

Send money globally and have it picked up or delivered by a human ATM.

FLUENT

Funding: $0.1 million in seed funding

Investors: Capital Innovators

Country of Origin: USA

Fluent develops tools and applications to improve email and online communication experiences via desktops, small screens and touch devices.

Raspberry

Funding: $0.025 million in seed funding

Investors: Tech Wildcatters

Country Of Origin: USA

Raspberry provides a solution for simple, secure and private payments.

Coinbase

Funding: $75 million in Series C funding

Investors: Vayner/RSE, Valor Capital Group, Crypto Currency Partners, Draper Fisher Jurvetson, BBVA Ventures, New York Stock Exchange

Country of Origin: USA

Coinbase makes it easy for people, businesses and developers to use bitcoin.

21 Inc

Funding: Raised $116 million through venture capital funding.

Investors: Pantera Capital, Peter Thiel, Qualcomm Ventures, Data Collective, Khosla Ventures, Yuan Capital

Country of Origin: USA

21 Inc. is a stealthy digital currency company building bitcoin products for the general public.

Payzer

Funding: $4.2 million in Series A funding

Investors: Route 66 Ventures, Grotech Ventures

Country of Origin: USA

Payzer is the all-in-one financial tool that helps contractors grow their businesses.

Zuora

Funding: $115 million in Series F funding

Investors: Northgate Capital, Next World Capital, Vulcan, Shasta Ventures, Index Ventures, Redpoint Ventures

Country of Origin: USA

Zuora provides subscription billing as well as recurring revenue, payments and billing solutions.

Prosper

Funding: $165 million in Series D funding

Investors: USAA, Passport Capital, Breyer Capital, BBVA Ventures, Neuberger Berman Group, SunTrust Bank

Country of Origin: USA

Prosper is a peer-to-peer lending marketplace that allowing people to invest in each other in a financially and socially beneficial way.

Bond Street

Funding: $110 million in Series A funding

Investors: Spark Capital, investment bank Jefferies, Slow Ventures, Eagle Cliff, Nathan Blecharczyk (Co-founder of Airbnb), David Chang (Chef and Founder of momofuku) and Nic Jammet, Nate Ru and Jonathan Neman (Co-founders of sweetgreen)

Country of Origin: USA

Bond Street offers fast, affordable financing to small businesses based in the United States which have more than two years of operating history and have generated more than $200,000 in annual revenue.

C2FO

Funding: $40 million in equity funding

Investors: Temasek

Country of Origin: USA

C2FO is the world’s market for working capital and risk-free profit. C2FO is the largest working capital exchange in the world and enables companies to “name your own rate” for working capital in a live, bid/ask environment.

Digital Retail Apps

Funding: $1 million in seed funding

Investors: Texas Ventures

Country of Origin: USA

Digital Retail Apps, a private company with offices in Toronto and San Francisco, is focused on providing retail shoppers with a completely seamless shopping and payment experience

Payable

Funding: $2.1 million in seed funding

Investors: Freestyle Capital, Redpoint Ventures, Sherpa Ventures, Lerer Hippeau Ventures, Rothenberg Ventures, Haystack, Moment Ventures and other angel investors

Country of Origin: USA

Payable started with offering a free-time tracking app available for iOS, Android and the Web. It is developed to help individuals and companies keep a track of their employees’ working hours to pay them faster.

Stripe

Funding: Undisclosed amount in series D funding

Investors: Visa, Kleiner Perkins Caufield & Byers, Sequoia Capital and American Express Co

Country of Origin: USA

Stripe focuses on providing the technical, fraud prevention and banking infrastructure required to operate online payment systems.

Blockchain Capital

Funding: $7 million in Blockchain Capital FUND

Investors: NA

Country of Origin: USA

Blockchain Capital invests in bitcoin and blockchain-based ventures. Till date the company has made 35 investments and has exited from one.

MineralTree

Funding: $11.1 million in Series B funding

Investors: First Data, 406 Ventures and Fidelity Growth Partners 

Country of Origin: USA

MineralTree provides easy to use accounts payable (AP) and payment automation solutions for finance professionals at growing organizations.

LendUp

Funding: $50 million in Debt Financing

Investors: Victory Park Capital

Country of Origin: USA

LendUp gives short-term loans to borrowers online;usually those that the banks won’t help. LendUp aims to build a fair and transparent lending to those who seek short-term loans.

Priti Thakur

Priti has keen interest in digital money and fintech startups . She completed her B-School education this year and likes to write about innovation with respect to digital payments.

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