It was a banner week for FinTech, with an alphabet soup of Series funding from some big players. Top of the list is Root Insurance, rocketing into the unicorn stratosphere with a $350M Series E, while proving that a smartphone is a lot like a big brother while driving — saving you money by watching your every move.
Tala, a mobile credit company delivering digital borrowing to emerging markets, grabbed the silver medal this week. The company raked in a cool $110M for a Series D. Round of applause for Shivani and team.
Our bronze this week goes to Blokable and its $23M Series A, ensuring the company will continue to build modular housing — one Tinkertoy at a time — for the foreseeable future.
Other notable participants in the Series gauntlet include big data and analytics company DemystData, Canadian residential real estate marketplace Properly, and entrepreneur toolkit Joust.
Closing out the week is a flurry of Y Combinator-backed seed-stage startups. 9% of the 174-company field focus on the FinTech vertical and are surely ventures to watch.