In one of the biggest fintech funding weeks in history, 18 companies raised a total of $208m of funding. Without a doubt, the fundings provide some great momentum going into Finovate next week! In this article, Finovate outlines the pertinent details from the fundings from Sept 4th to Sept 10th.
The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). Finovate alum Trunomi raised $3 million, while FinDEVr charter alum Coinlytics raised an undisclosed amount. The $208 million this week brings total 2015 YTD fintech fundings to $12.4 billion. Following are the fundings from 4 Sep to 10 Sep by size: