20 Largest Fintech Funding Rounds of 2020

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SimpliFi

SimpliFi is a one-stop solution to customize and manage card programs whilst taking care of all ecosystem partners that are required to issue cards. It is one of the leading Card As A Service (CAAS) providers for the MENA region.

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Secondary Market - Silver Lake

Organization Name: Silver Lake

Organization Description:Silver Lake is a global technology investment firm focused solely on making large-scale investments in leading technology companies.

Organization Location:Menlo Park, California, United States, North America

Total Funding Amount Currency (in USD):2000000000

Funding Status:Secondary Market

Money Raised Currency (in USD): 2000000000

Announced date:2020-09-30

Equity Only Funding:No

Series G - One97

Organization Name: One97

Organization Description:One97 delivers mobile content and commerce services to its customers.

Organization Location:Noida, Uttar Pradesh, India, Asia

Total Funding Amount Currency (in USD):4432652051

Funding Status:Series G

Money Raised Currency (in USD): 1000000000

Announced date:2019-11-25

Equity Only Funding:Yes

Post-IPO Equity - Bank of America

Organization Name: Bank of America

Organization Description:Bank of America offers banking, investing, and other financial and risk management services to individuals, SMBs and large corporations.

Organization Location:Charlotte, North Carolina, United States, North America

Total Funding Amount Currency (in USD):1200000000

Funding Status:Post-IPO Equity

Money Raised Currency (in USD): 800000000

Announced date:2020-07-23

Equity Only Funding:Yes

Series E - Chime

Organization Name: Chime

Organization Description:Chime is a fintech company that helps its members avoid bank fees, save money automatically, and lead healthier financial lives.

Organization Location:San Francisco, California, United States, North America

Total Funding Amount Currency (in USD):1542603117

Funding Status:Series E

Money Raised Currency (in USD): 699999995

Announced date:2019-12-05

Equity Only Funding:Yes

Series G - One97

Organization Name: One97

Organization Description:One97 delivers mobile content and commerce services to its customers.

Organization Location:Noida, Uttar Pradesh, India, Asia

Total Funding Amount Currency (in USD):4432652051

Funding Status:Series G

Money Raised Currency (in USD): 47240000000

Announced date:2019-12-13

Equity Only Funding:Yes

Private Equity Round - Klarna

Organization Name: Klarna

Organization Description:Klarna is an eCommerce payment solutions platform for merchants and shoppers.

Organization Location:Stockholm, Stockholms Lan, Sweden, Europe

Total Funding Amount Currency (in USD):2084713451

Funding Status:Private Equity

Money Raised Currency (in USD): 650000000

Announced date:2020-09-15

Equity Only Funding:Yes

Debt Financing - Secfi

Organization Name: Secfi

Organization Description:Secfi is a pre-wealth management platform that helps private company employees and shareholders with equity planning.

Organization Location:San Francisco, California, United States, North America

Total Funding Amount Currency (in USD):557000000

Funding Status:Debt Financing

Money Raised Currency (in USD): 550000000

Announced date:2020-01-14

Equity Only Funding:No

Series F - Chime

Organization Name: Chime

Organization Description:Chime is a fintech company that helps its members avoid bank fees, save money automatically, and lead healthier financial lives.

Organization Location:San Francisco, California, United States, North America

Total Funding Amount Currency (in USD):1542603117

Funding Status:Series F

Money Raised Currency (in USD): 533828122

Announced date:2020-09-18

Equity Only Funding:Yes

Series D - Revolut

Organization Name: Revolut

Organization Description:Revolut is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange.

Organization Location:London, England, United Kingdom, Europe

Total Funding Amount Currency (in USD):916954619

Funding Status:Series D

Money Raised Currency (in USD): 500000000

Announced date:2020-02-17

Equity Only Funding:Yes

Series G - Affirm

Organization Name: Affirm

Organization Description:Affirm is a financial technology services company that offers installment loans to consumers at the point of sale.

Organization Location:San Francisco, California, United States, North America

Total Funding Amount Currency (in USD):1520000000

Funding Status:Series G

Money Raised Currency (in USD): 500000000

Announced date:2020-09-17

Equity Only Funding:Yes

Series G - Robinhood

Organization Name: Robinhood

Organization Description:Robinhood is a financial technology company that offers commission-free investing.

Organization Location:Menlo Park, California, United States, North America

Total Funding Amount Currency (in USD):2174325000

Funding Status:Series G

Money Raised Currency (in USD): 460000000

Announced date:2020-09-22

Equity Only Funding:Yes

Post-IPO Equity - Bank of America

Organization Name: Bank of America

Organization Description:Bank of America offers banking, investing, and other financial and risk management services to individuals, SMBs and large corporations.

Organization Location:Charlotte, North Carolina, United States, North America

Total Funding Amount Currency (in USD):1200000000

Funding Status:Post-IPO Equity

Money Raised Currency (in USD): 400000000

Announced date:2020-07-28

Equity Only Funding:Yes

Funding Round - Navi Technologies

Organization Name: Navi Technologies

Organization Description:Navi is a Bengaluru-based firm helping build consumer-centric businesses in the BFSI (Banking, Financial Services & Insurance) space.

Organization Location:Bengaluru, Karnataka, India, Asia

Total Funding Amount Currency (in USD):581977109

Funding Status:Funding Round

Money Raised Currency (in USD): 30070000000

Announced date:2020-04-02

Equity Only Funding:Yes

Series A - Molo

Organization Name: Molo

Organization Description:MoloFinance is a London-based fintech that develops a fully digital, direct-to-consumer mortgage solution in the UK.

Organization Location:London, England, United Kingdom, Europe

Total Funding Amount Currency (in USD):279700000

Funding Status:Series A

Money Raised Currency (in USD): 266000000

Announced date:2020-10-05

Equity Only Funding:Yes

Post-IPO Debt - Funding Circle

Organization Name: Funding Circle

Organization Description:Funding Circle is a lending platform for small businesses.

Organization Location:London, England, United Kingdom, Europe

Total Funding Amount Currency (in USD):746417715

Funding Status:Post-IPO Debt

Money Raised Currency (in USD): 250000000

Announced date:2019-12-02

Equity Only Funding:No

Series F - Robinhood

Organization Name: Robinhood

Organization Description:Robinhood is a financial technology company that offers commission-free investing.

Organization Location:Menlo Park, California, United States, North America

Total Funding Amount Currency (in USD):2174325000

Funding Status:Series F

Money Raised Currency (in USD): 320000000

Announced date:2020-07-13

Equity Only Funding:Yes

Secondary Market - TransferWise

Organization Name: TransferWise

Organization Description:TransferWise is a money transfer service allowing private individuals and businesses to send money abroad without hidden charges.

Organization Location:London, England, United Kingdom, Europe

Total Funding Amount Currency (in USD):1091682792

Funding Status:Secondary Market

Money Raised Currency (in USD): 319000000

Announced date:2020-07-29

Equity Only Funding:No

Debt Financing - October

Organization Name: October

Organization Description:October is an online marketplace for business loans, enabling investors to lend money directly to small- and medium-sized enterprises.

Organization Location:Paris, Ile-de-France, France, Europe

Total Funding Amount Currency (in USD):611915989

Funding Status:Debt Financing

Money Raised Currency (in USD): 258000000

Announced date:2020-09-30

Equity Only Funding:No

Venture Round - Nubank

Organization Name: Nubank

Organization Description:Nubank issues, administrates, processes, and transfers payments related to post-paid credit cards and equity investment in other entities.

Organization Location:São Paulo, Sao Paulo, Brazil, South America

Total Funding Amount Currency (in USD):1407602420

Funding Status:Venture - Series Unknown

Money Raised Currency (in USD): 300000028

Announced date:2020-06-04

Equity Only Funding:Yes

Series C - Neon

Organization Name: Neon

Organization Description:Neon is a digital bank that offers credit cards, personal loans, and investment products, among other services.

Organization Location:São Paulo, Sao Paulo, Brazil, South America

Total Funding Amount Currency (in USD):420333922

Funding Status:Series C

Money Raised Currency (in USD): 300000000

Announced date:2020-09-02

Equity Only Funding:Yes