Enabling Technologies

More Than $1.16 billion Raised by Payments Companies in 2015

There’s never a dull moment in the payments space. In Q1 of 2015, the payments sector has attracted more than $1.16 billion in investments.

12 companies have raised more than $5.6 million in seed funding rounds, of which “Bringhub” has raised the highest amount with $2 million in its seed funding round.

Pantera Capital diversified its investments by investing in three companies including BitPesa in Kenya, Circle in Ireland and 21 Inc in the USA.

Affirm received the highest amount of capital with $ 275 million led by Lightspeed Venture Partners, Khosla Ventures, Andreessen Horowitz, Jefferies Group and Spark Capital.

Below is the detailed list of investments for all the 35 companies:

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 card that gives 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.

Omise

Funding: $2.6 million in Series A funding

Investors: Sinar Mas Indonesia, True Incube, 500 Startups, Thai telco True Group, 500 Tuk Tuk, East Ventures

Country of Origin:  Thailand

Omise develops payment solutions to make online payments smooth and simple.

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 their favorite stores directly in their favorite content.

vOOrka

Funding:.NA

Investors:NA

Country of Origin:  USA

vOOrka is a new hands-free digital payment service designed to perform traditional in-store transactions. It functions via fingerprint sensor devices attached to merchants’ POS (Point of Sale) checkout terminals.

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 smart phones.

Origami Inc.

Funding: $13.37 million in Series B funding

Investors: Credit Saison, Makoto Takano, SoftBank

Country of Origin:  Japan

Origami is on a mission to redesign commerce, offering a mobile shopping experience bridging online and offline.

Razorpay

Funding: $13.37 million in Series B funding

Investors: Brad Flora, Michael R. Sutcliff, Jeff Ferguson, Anand Swaminathan, Justin Kan, Tikhon Bernstam

Country of Origin:  India

Razorpay provides an easy to integrate payment gateway solution that blends seamlessly with your website avoiding your visitors from ever leaving your website throughout the process.

PayPlug

Funding: $2.06  million through grants

Investors: NA

Country of Origin:  France

PayPlug is the first service in France to enable small professionals and merchants to accept credit card payments with very simple tools, no signup fee and no monthly costs.

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.

BitPesa

Funding: $1.1 million in Seed funding

Investors: Future Perfect Ventures, Bitcoin Opportunity Fund, Stephens Investment Management, Crypto Currency Partners, Pantera Capital

Country of Origin:  Kenya

BitPesa is a remittance platform that employs the bitcoin payments system to offer an easy way to send money to East Africa.

 

SmartPocket

Funding: $0.24 million through Venture Capital funding

Investors: Rajiv Mehta

Country of Origin:  India

SmartPocket is a mobile wallet to digitize your plastic cards and make them 'smart'.

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.

MatchMove Pay

Funding: $30 million through Venture Capital funding

Investors: GMO VenturePartners

Country of Origin:  Singapore

MatchMovePay brings the millions of uncarded and unbanked shoppers with smartphones into the e-commerce economy, with ease and security.

51 Credit Card Manager

Funding: $50 million in Series B funding

Investors: GGV Capital

Country of Origin:  China

51 Credit Card Manager provides credit card management solutions through analysis of users’ data from credit card bills, bookkeeping, credit card applications and payment transactions.

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.

 

Anycoin Direct

Funding: $0.58 million through Venture Capital Funding

Investors: NA

Country Of Origin:  Netherlands

Anycoin Direct allows users to buy and sell Bitcoins and other cryptocurrencies easily, fast and safely.

Coin.Space

Funding: Seed funding

Investors: NA

Country of Origin: NA

Copin.Space is a Bitcoin Wallet that runs in every browser on every mobile device.

 

Circle

Funding: $50 million in Series C  funding

Investors: Pantera Capital, Oak Investment Partners, Accel Partners, General Catalyst Partners, Breyer Capital, Goldman Sachs

Country of Origin:  Ireland

Circle is a consumer finance company focused on transforming the world economy with online and in-person payments, with enhanced security and privacy, and the convenience of free, instant, global digital money transfers.

 

Yoyo

Funding: $10 million in Series A funding

Investors: Taavet Hinrikus, Imperial Innovations

Country of Origin:  UK

Yoyo is a mobile wallet, "done right". By seamlessly blending mobile payment and loyalty we have made mobile relevant for Retail."

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.

 

EZBOB

Funding: $47.05 million in Series C funding

Investors: Oaktree Capital Management

Country of Origin:  UK

EZBOB provides instant and online funding for SMEs in the UK. Company is backed by the UK Government and is authorized by the EU.

 

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.

 

Settle

Funding: $0.32 million in Seed funding

Investors: Imperious Group, Anna Degtereva, Vladislav Solodkiy, Andriy Dovzhenko, SMRK VC Fund, Private Angel

Country of Origin:  Ukraine

Settle helps people pre-order breakfast and lunch at restaurants so that the food is ready when they arrive.

 

TransferWise

Funding: $58 million in Series C funding

Investors: Seedcamp, IA Ventures, Index Ventures, Valar Ventures, Richard Branson, Andreessen Horowitz

Country of Origin:  UK

TransferWise is a peer-to-peer money transfer service allowing foreign students and businesses to transact money globally.

 

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, allowing people to invest in each other in a financially and socially beneficial way.

 

WorldRemit:

Funding: $100 million in Series B funding

Investors: Accel Partners, Technology Crossover Ventures

Country of Origin:  UK

WorldRemit is an online money transfer business enabling migrants and expats to send money using a variety of payment options.

Database of Investments for five years

Shubha

Shubha has deep interest in studying the intersections of the physical world with the digital world and writing about it. She is a techno-commercial person, a gadget freak and she has worked at Amazon in the past.

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