The total fundings hit $8.4 billion as soon as 28 companies raised $401 million on the 20th of May.

million
Only eight deals passed the $10 million mark, with one more at $9 million. Finovate alums accounted for 40% of the week’s dollar volume including:

-Personal Capital raised $75 million for its digital wealth management service.

-SigFig brought in $40 million from a blue-chip lineup of financial institutions including Comerica, Santandar, and New York Life.

-EZBob landed a $25 million debt commitment to increase its SMB lending.

-Tink raised $10.2 million to launch its virtual bank.

The total number of deals YTD stands at 522, 80% more than last year’s 290. Total dollars raised YTD is now $15.1 billion, more than twice the $7.1 billion raised during the same period a year ago.

In more details, Fintech deals by size from May 14 to 20, 2016:


Clover Health
 Health insurance provider
 Latest round: $160 milliοn Series C
 Total raised:$295 milliοn
 HQ: San Francisco, California
 Tags: Consumer, insurance, healthcare, HR, benefits, employees


Personal Capital
 Digital wealth manager
 Latest round: $75 milliοn Series E ($500 million valuation)
 Total raised:$175.3 milliοn
 HQ: Redwood City, California
 Tags: Consumer, investing, wealth management, robo-advisor, trading,asset management, trading, Finvoate alum


SigFig
 Digital investment advisor
 Latest round: $40 milliοn
 Total raised:$56 milliοn
 HQ: San Francisco, California
 Tags: Consumer,investing, trading, portfolio management, wealth management, Comerica Bank (investor), Santander (investor), New York Life (investor), Finovate alum


EZBob
 Small businessalt-lender
 Latest round: $35.5 million Debt
 Total raised:$130.8 milliοn ($83.1 million Equity, $47.7 million Debt)
 HQ:London, England, UK
 Tags: SMB, credit, loans, underwriting, lending


Tally Technologies
 Consumercredit card management
 Latest round: $15 milliοn Series A
 Total raised:$15 milliοn
 HQ: San Francisco, California
 Tags: Consumer, credit cards, personal finance, PFM,debt management, lead gen


Embroker
 Business insurance
 Latest round: $12.2 milliοn Series A
 Total raised:$14.4 milliοn
 HQ: San Francisco, California
 Tags: SMB,insurance, claims management, broker, lead gen, price comparison


Tink
 Personal finance app
 Latest round: $10.2 milliοn Series B
 Total raised:$14.2 milliοn
 HQ:Stockholm, Sweden
 Tags: Consumer,personal financial management, PFM, spending, budgeting, mobile, Finovate alum


Shift Technology
 Fraud detection for ecommerece & financial services
 Latest round: $10 milliοn Series A
 Total raised:$11.8 milliοn
 HQ:Paris, France
 Tags: Enterprise, security, insurance, ecommerce,fraud protection


Chime
 Neo bank
 Latest round: $9 milliοn
 Total raised:$20.75 milliοn
 HQ: San Francisco, California
 Tags: Consumer, prepaid/debit card, savings account, deposits, payments, billpay


efileCabinet
 Document management for accounting and financial firms
 Latest round: $5 milliοn
 Total raised:$31.05 milliοn
 HQ:Lehi, Utah
 Tags: Enterprise, SMB, , credit, loans, underwriting, lending


Ceterus
 Accounting services for small businesses
 Latest round: $4.2 milliοn
 Total raised:$4.2 milliοn
 HQ:Charlston, South Carolina
 Tags: SMB,accoounting, bookkeeping, receivables/payables, financial reporting


Jetty
 Digital property & casualty insurance
 Latest round: $4 milliοn Seed
 Total raised: $4 milliοn Seed
 HQ:New York City
 Tags: Consumer,insurance, P&C, millenials

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