March 12, 2016
While US FinTech companies are usually the center of attention when it comes to funds raised, there are foreign players worth looking out for. 10 non-US FinTech financing cases through various rounds in 2015 brought significant funds from notable investors.
A single company made up the most part of total $134.93 million. Prospa, a company that provides unsecured business loans to Australian small businesses, has raised $60 million in Series B from Entrée Capital, AirTree Ventures, Ironbridge Capital and The Carlyle Group. More detailed information about the company can be found here.
All other companies have raised significantly less, but there are some very interesting ones that scored funding from the hottest FinTech investors in the US.
The second place is held by Brazilian mobile-based credit card provider Nubank, which raised $30 million in Series B from Kaszek Ventures, QED Investors, Sequoia Capital and Tiger Global Management. More detailed information about the company can be found here.
The third place goes to Technisys, an Argentinian omnichannel digital banking company, which raised $13 million in Series B from Alta Ventures Mexico, Endeavor Global, Intel Capital, Kaszek Ventures and Holdinvest Technology Fund.
$10 million was raised by another Australian company, SocietyOne, a leading P2P lending platform connecting creditworthy borrowers with savvy investors. The company scored $10 million in Series B from Australian Capital Equity, Consolidated Press Holdings and News Corp. Learn more about the company here.
Slightly less funding went into the pockets of another Brazilian player, ContaAzul, which provides a web based SaaS accounting system for SMBs in Brazil. The company raised $9.3 million in Series C from Brazil Ribbit Capital, Valar Ventures, 500 Startups, Tiger Global Management and Monashees Capital. Learn more about the company here.
Guiabolso, a PFM platform in Brazil that automates budgeting and guides financial decision-making, has raised $7 million in Series B from Brazil Ribbit Capital, QED Investors, Omidyar Network, e.Bricks Digital and Kaszek Ventures. Learn more about the company here.
The other four companies have scored much less funding:
Kenyan Kopo Kopo, that offers a SaaS product to enable 30 million SMEs in emerging markets to accept, process, and manage mobile money payments, has raised $2.1 million in Series A from Kenya Khosla Impact, Javelin Venture Partners, Bamboo Finance and Venture Lab. Learn more about the company here.
Australian PromisePay that enables contractors, businesses, and service based marketplaces to collect, hold, and release payments, scored $2 million from Australia Cultivation Capital and Reinventure. More detailed information about the company can be found here.
Some of the investors were particularly active getting involved in several deals. QED Investors and Ribbit Capital were spotted pitching into two deals each. Among other hot FinTech investors are Intel Capital (Technisys), Khosla Ventures (Kopo Kopo), Sequoia Capital (Nubank), Blockchain Capital (BitPesa), Omidyar Network (GuiaBolso) and 500 Startups (ContaAzul).