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.
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Historic Week for Fintech Funding
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:
