August 23rd Report: Top FinTech Funding Rounds

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.

This week’s Olympic certificate goes to the sneaky, secretive four with undisclosed funding: Metal Pay, Compound, Acquicent, and Flex Tax.

FEATURED ON THE NEWS

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FINTECH FUNDING ROUNDS

Name Funding Type Money Raised Lead Investor Announced
Series E $350,000,000 Coatue Management Aug 20, 2019
Series D $110,000,000 RPS Ventures Aug 21, 2019
Series A $23,000,000 Vulcan Capital Aug 19, 2019
Series C $12,500,000 MissionOG Aug 21, 2019
Series A CA$12,000,000 FJ Labs Aug 13, 2019
Seed $2,600,000 PTB Ventures Aug 12, 2019
Seed $500,000 -- Aug 30, 2019
Pre-Seed $250,000 -- Aug 13, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 -- Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 -- Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Seed $150,000 Y Combinator Aug 19, 2019
Angel -- Erik Finman Aug 19, 2019
Seed -- Y Combinator Aug 19, 2019
Seed -- -- Aug 12, 2019
Pre-Seed -- -- Aug 21, 2019
Source: Crunchbase


 
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