BETA The Capitalization Report v21.01.05 FinTech & DeFi


KEYWORDS: Narmi, Finja, Atomic FI, Envel, Qoyod, Income Lab, Hakki Africa, MoneyAbility, OrthoBanc, Decentralized Finance, DeFi, FinTech

EDITORS NOTE: We continue to provide data and information in different formats. We welcome your feedback. For full information on these deals contact JD Morris via LinkedIn.

RECENT FINTECH DEALS

NarmiThe company raised $19.17 million of venture funding from undisclosed investors on December 31, 2020.
Finja (Financial Software)The company raised $12 million of Series A1 venture funding from Investment Capital Ukraine, VEF and Quona Capital on December 29, 2020. BEENEXT (Singapore) and Gray Mackenzie Engineering Services also participated in the round. Out of the total funding, $3 million was raised in the form of convertible debt and subsequently converted to equity. The funding raised will be used to rapidly scaleup and create an unprecedented impact in the industry.
Atomic FIThe company raised $7 million of convertible debt financing from undisclosed investors on December 29, 2020. Previously, the company raised $5.91 million of seed funding through a combination of Seed Plus-1 and Seed Plus-2 from Core Innovation Capital and other undisclosed investors on July 6, 2020, putting the company’s pre-money valuation at $15 million.
Starship (Financial Software)The company raised $4.3 million of venture funding from undisclosed investors on December 29, 2020.
EnvelThe company raised $4 million of seed funding in the form of convertible debt in a deal led by Paul Pagnato alongside 10 other investors on December 31, 2020.. And also the company is in the process of raising $50,000 of equity crowdfunding via Wefunder in the form of convertible debt as of November 20, 2020. It plans to close the round on March 18, 2021.
QoyodThe company raised $2.1 million of Series A venture funding in a deal led by Merak Capital on December 29, 2020. Other undisclosed investors also participated in the round.
Verify4The company is in the process of raising seed2 funding in 2021. Previously, the company raised $2.01 million of seed1 funding from undisclosed investors on December 31, 2020. The company is being actively tracked by PitchBook
Income LabThe company raised $919,995 of angel funding from undisclosed investors on December 29, 2020.
RealKeyThe company raised $675,000 of convertible debt financing from undisclosed investors on December 29, 2020.
Hakki AfricaThe company raised JPY 30 million of seed funding from Fals Co. Ltd on December 29, 2020. The company will use this fund to finance used car finance for taxi drivers, which is a rapidly growing business.
MoneyAbilityThe company raised $124,000 of angel funding from undisclosed investors on December 31, 2020.
Luxor TechnologyThe company received $100,000 of financing from Routemaster Capital (TSX: RM) on December 29, 2020. Routemaster has the right to invest an additional $200,000 into the company.
FICThe company is no longer in business as of January 1, 2021. The company is no longer actively tracked by PitchBook.
Neotic (Financial Software)The company is no longer actively in business as of January 1, 2021. The company is no longer tracked by PitchBook.
OrthoBancThe company was acquired by OrthoFi, via its financial sponsors Accel-KKR and Boathouse Capital, through an LBO on December 31, 2020 for an undisclosed sum.
PERACSThe company was acquired by MJ Hudson (LON: MJH) for an undisclosed amount on December 30, 2020.

SIX MONTH OVERVIEW DECENTRALIZED FINANCE

Growth Metrick places 74 deals (100% YoY) with $269.11 million capital invested (140.04% Yoy) with average age of company being 1.7 years (.6 years between deals).

Decentralized Finance (DeFi) encompasses conventional financial tools and services built on blockchain. DeFi is offered on open protocols and decentralized networks, enabling users to be custodians of their own assets. Companies in this space develop open lending protocols, issuance & investing platforms, decentralized prediction markets and other blockchain-based alternatives to traditional finance.