Tracxn - Consumer Finance Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Consumer Finance - Jun 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on June 17, 2019.
Consumer Finance Feed Summary
4
Consumer Finance > Feed Summary
Companies which offer tech-enabled assistance to consumers to manage their personal expenses, debt and savings, track
investment portfolios, plan finances, and compare third party financial products.
• Inclusions: All budgeting, wealth management,
savings and debt management platforms targeted
towards customers. Also covers all marketplaces and
listing platforms for consumer-targeted financial
products.
• Exclusions: The consumer-centric companies of the
sectors like Alternative Lending, Payments, Investment
Platforms, Insurance Tech, Banking Frontends are not
included. These companies are included in the
corresponding sectors.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$8.7B
Funding
52
Mega
Companies
8903486
FundedCovered on
Tracxn
7
Unicorns
38
Soonicorns
117
Minicorns
26
IPO’d Cos
287
Late Stage Cos
60
180
Acquisitions
553
DeadPooled
5
Acquihired
Series A+ Cos
FreeCharge
(2010, Mumbai, $117M)
LendingTree
(1996, Charlotte)
Intuit
(1983, Mountain View)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Consumer Finance
5
$180M - Series E
Acorns (2012, Irvine, $287M)
$100M - Series D
Flywire (2009, Boston, $137M)
$152M - Series F
Policybazaar (2008, Gurgaon, $318M)
$84.8M - Series C
Billdesk (2000, Mumbai, $246M)
$125M - Series B
wefox (2014, Berlin, $158M)
$78.6M - Series E
$125M - Series C
Earnin (2012, San Francisco, $190M)
$70M - Series A
Bind (2016, Minneapolis, $84.5M)
$114M - Series D
Raisin (2013, Berlin, $200M)
$65M - Series D
Smava (2006, Berlin, $135M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Consumer Finance > Feed Summary > Investment Trend Summary
Seed Sequoia Capital (#6), Seedcamp (#5), LocalGlobe (#4)
Series A/B Portag3 Ventures (#6), QED Investors (#5), Ribbit Capital (#5)
Series C+ Temasek (#3), Bain Capital Ventures (#2), FJ Labs (#2)
Incubators
Plug and Play Tech Center (#36), 500 Startups (#27),
Startupbootcamp (#27)
Other Notable
Investors
Goldman Sachs (#6), IFC (#5), Kima Ventures (#5)
Debt Investors Silicon Valley Bank (#7), Kreos Capital (#3), TPG (#2)
Most Active InvestorsRecent Investments
411
631
522
257
177
50
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 113 169 196 217 184 53
$4.6B
$1.5B
$1.3B
$507M
$103M
US
Europe
India
Latam
Canada
$ Funding
$1.1B$528M
$1.B
$777M
$1.2B
$1.5B
$2.2B
106
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in Consumer Finance
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Felicis Ventures 2
Credit Karma (2007, San Francisco, $370M)
Mint (2006, Mountain View, $31.5M)
Fenox Venture
Capital
2
Money Forward (2012, Shibaura, $42.9M)
Zuu (2013, Tokyo, $4.8M)
Founders Fund 2
Goldman Sachs 2
Financial Engines (1996, Sunnyvale, $85M)
eHealth (1997, Mountain View, $44M)
Ribbit Capital 2
Jul 2018 FINANZCHECK.de Acq by Scout24 for $332M
May 2018 Facile Acq by EQT Ventures for $12.6B
Apr 2018
Financial Engines Acq by Hellman & Friedman for
$3B
Mar 2018 Clear Score Acq by Experian for $384M
Nov 2017 Bankrate Acq by Red Ventures for $1.2B
Mar 2015 Learnvest Acq by Northwestern Mutual for $350M
Consumer Finance > Feed Summary > Exit Outlook Summary
Bankrate 10
NextAdvisor (May 2016, $225M), NetQuote (Jul 2010, $205M),
Credit Cards (Aug 2010, $143M)
Intuit 7
Check (May 2014, $360M), Mint Bills (Sep 2009, $170M), Mint
(Dec 2009, $170M)
BlackFin Capital
Partners
5
Assurpeople (Jun 2015), Comparadise (Nov 2013), Santiane
(Sep 2015)
LendingTree 5
QuoteWizard (Oct 2018, $300M), ValuePenguin (Dec 2018,
$105M), Student Loan Hero (Jul 2018, $60M)
Capital One 2 Paribus (Oct 2016), Level Money (Jan 2015)
Recent IPOs Top Acquisitions
InsWeb Insurance Nov 2016
Online insurance comparison and lead gene…
IPO MCap: -
GoCompare Nov 2016
Price comparison website.
IPO MCap: -
Macroaxis May 2015
Online personalized investment management…
IPO MCap: $9.9M
iSelect Jun 2013
Financial products aggregator
IPO MCap: $443M
Raiz Jun 2018
Online micro-investment platform
IPO MCap: -
Zuu Jun 2018
Provider of Financial Media and advisory…
IPO MCap: $29.5M
Credible Labs Dec 2017
An alternate lending platform for financi…
IPO MCap: $243M
Money Forward Sep 2017
Personal Finance Management with Multiple…
IPO MCap: $230M

* Upcoming Business Model
Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.
FACTSHEET
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
Feed Report - Consumer Finance - Jun 2019
Marketmap: Consumer Finance
DEBT REPAYMENT &
CONSOLIDATION
FINACIAL TRANSACTIONS
SAVINGS PLATFORMS
BILL PAYMENT
TAX FILING
PAY-ME-NOW*
FINANCIAL PLANNING & EDUCATION
WEALTH PLANNING & ADVISORY
TAX PLANNING
FINANCIAL LITERACY
EXPENSE TRACKING
CREDIT SCORE MANAGEMENT
PORTFOLIO TRACKER & ANALYSIS
DOCUMENT STORAGE
FINANCIAL TRACKING
FINANCIAL PRODUCT AGGREGATORS
MULTI - PRODUCT
INSURANCE
CREDIT PRODUCTS
INVESTMENT
SAVINGS
Overview
Companies 3486
Funded 890 Series A+ 287
Funding $8.7B Last 2 yrs $4B
Most Active Investors
Seed Sequoia Capital (6)
Series A/B Portag3 Ventures (6)
Series C+ Temasek (3)
Others Goldman Sachs (6)
Incubators Plug and Play Tech Center (36)
Top Cities
Bay Area 196 Cos $1.8B
Berlin 39 Cos $641M
Feed in Numbers
Unicorns 7 Soonicorns 38
Minicorns 117 Editor Picks 298
Acquihired 5 Deadpooled 553
Top Companies
Intuit (1983, Mountain View)
FreeCharge (2010, Mumbai, $117M)
LendingTree (1996, Charlotte)
Exits
IPOs 26 iSelect, Credible Labst
Acquisitions 180 Facile, Financial Engines
Top Acquirers Bankrate, Intuit
Consumer Finance > Feed Summary > BlueBox
7

Key Sub Sectors in Consumer Finance Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Financial Product Aggregators > Insurance
>
Horizontal
291 $676M 33
Expense Tracking > Personal > Automated
>
Account-Linked
209 $345M 31
Pay-Me-Now
19 $262M 10
Financial Product Aggregators >
Horizontal 254 $110M 22
>
Life & Health
88 $146M 10
Tax Management >
E-Filing 96 $121M 10
Savings Management > Savings Platforms >
Personal > Automated > Micro-Savings >
Micro-Investments
32 $239M 7
> Non Life & Health >
On-Demand Insurance
20 $92.8M 9
Financial Product Aggregators >
Credit Products 60 $97.7M 8
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Financial Product Aggregators
Companies which offer comparative quotes on various
consumer financial products
1191 334 $3.7B
Bill Management
Online bill payment platforms
383 69 $1.1B
Savings Management
Online savings tracker, consolidation platforms,
advisory services provider
266 101 $892M
Expense Tracking
Online platforms which help in personal and group
expense monitoring, budgeting, and...
828 151 $867M
Debt Management
Online platforms which offer debt repayment and
refinancing, debt settlement and negotiation,...
150 57 $669M
Tax Management
Online tax management services provider
152 34 $590M
Wealth Management
Companies which offer investment tools, automated
advisory services and assist in financial...
298 78 $420M
Consumer Finance > Feed Summary > Summary of Key Markets

List of Notable Companies in Consumer Finance
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Consumer Finance > Feed Summary > Notable Companies in the Sector
Public
iSelect
(1999, Cheltenham)*
Credible Labs
(2014, San Francisco, $22M)
Money Forward
(2012, Shibaura, $42.9M)
Mortgage Choice Aust
(1994, Sydney)
Zuu
(2013, Tokyo, $4.8M)
Macroaxis
(2009, San Francisco)
eHealth
(1997, Mountain View, $44M)
Trycera
(2004, Irvine, $144k)
LendingTree
(1996, Charlotte)
MoneySuperMarket
(1993, Ewloe)
Public
Raiz
(2015, Sydney)
Comperia.pl
(2007, Warsaw)
Gruppo MutuiOnline
(2000, Milan)
H&R Block Canada
(1964, Calgary)
Insplanet
(1999, Stockholm)
Investview
(2005, Red Bank)
Nelnet
(1977, Lincoln)
What Investment
(1982, London)
Acquired
Facile
(2009, Milano)
Financial Engines
(1996, Sunnyvale, $85M)
Bankrate
(1976, North Palm Beach)
Clear Score
(2014, London, $15.6M)
Check
(2007, Palo Alto, $47M)
Learnvest
(2009, New York City, $71.1M)
FINANZCHECK.de
(2010, Hamburg, $83.6M)
LowerMyBills
(1999, Santa Monica, $11M)
QuoteWizard
(2006, Seattle)
TaxACT
(1998, Cedar Rapids, $85M)
Acquired
uSwitch
(2006, London)
NextAdvisor
(2006, San Francisco)
ShareBuilder
(1996, Seattle)
ClickPay
(2009, Oradell, $3.7M)
NetQuote
(2009, Denver)
Mint
(2006, Mountain View, $31.5M)
Mint Bills
(2007, Palo Alto)
insuranceQuotes.com
(1976, Denver)
Official Payments
(1994, Norcross)
Credit Cards
(2004, Austin, $58.8M)
Acquired
Money Saving Expert
(2003, London)
GoCompare
(2006, Newport)
ValuePenguin
(2013, New York City)
MoneyPark
(2011, Wollerau)
Fawry
(2008, Cairo, $46M)
Clarity Money

List of Notable Companies in Consumer Finance
Notable Companies in the Sector (2/2)
10
Consumer Finance > Feed Summary > Notable Companies in the Sector
Unicorns
Credit Karma
Policybazaar
(2008, Gurgaon, $318M)
Billdesk
(2000, Mumbai, $246M)
BPAY
(1997, Sydney)
Intuit
(1983, Mountain View)

List of Notable Companies by Market in Consumer Finance
Notable Companies by Market (1/11)
12
Consumer Finance > Feed Summary > Notable Companies by Market
Horizontal
Horizontal
Quint (2009, Macclesfield, $12.6M)
Multiple consumer credit products platform
Soonicorn. Stage: Funded
NatWest, Tosca Debt Capital
Expense Tracking
Personal
Numbrs (1999, Zurich, $152M)
App for money transfer and managing multiple
bank accounts
Soonicorn. Stage: Series B
Marius Nacht, Investment Corporation of Dubai,
SevenVentures and 1 Other Investors
Moneylion (2013, New York City, $108M)
Online unsecured personal loans and personal
finance management
Grupo SURA, Edison Partners, FinTech Collective
and 10 Other Investors
Fintonic (2011, Madrid, $49.4M)
Personal financial management tool
Soonicorn. Stage: Series C
ING, Onza Capital, Inception Capital and 2 Other
Investors
Personal
GuiaBolso (2012, Sao Paulo, $48.3M)
Online personal finance management application
Vostok Emerging Finance, Ribbit Capital, IFC and 6
Other Investors
Money Forward (2012, Shibaura, $42.9M)
Personal Finance Management with Multiple
Account aggregation
Soonicorn. Stage: Public
Isetan Mitsukoshi Holdings, Mizuho Bank, Fenox
Venture Capital and 19 Other Investors
Clarity Money (2016, New York City, $13.5M)
Personal finance management app
Minicorn. Stage: Acquired
Citi Ventures, RRE Ventures, Bessemer Venture
Partners and 8 Other Investors

13
Debt Management
Credit Score Management
Aggregator of various consumer financial products.
Unicorn. Stage: Series D
Tiger Global Management, Viking Global Investors,
Susquehanna Growth Equity and 10 Other
Investors
Clear Score (2014, London, $15.6M)
Provides free credit score and report to individuals.
Soonicorn. Stage: Acquired
Brightbridge Ventures, Lead Edge Capital, Blenheim
Chalcot and 1 Other Investors
Trycera (2004, Irvine, $144k)
Personal Finance Management Tools
Stage: Public
Wealth Management
Financial Planning & Advisory
Financial Engines (1996, Sunnyvale, $85M)
Online Investment manager for 401(k) participants
Unicorn. Stage: Acquired
Oak Hill, State Street Global Advisors, AIG and 17
Other Investors
Learnvest (2009, New York City, $71.1M)
Personal finance management and investment
advise
Editor's Pick. Stage: Acquired
Northwestern Mutual, Accel, Claritas Capital and 8
Other Investors
Macroaxis (2009, San Francisco)
Online personalized investment management
service.
Stage: Public
ShareBuilder (1996, Seattle)
401(k) plans for retirement planning
Stage: Acquired
Stratim Capital
Savings Management
Savings Platforms
Micro saving investment app
Soonicorn. Stage: Series E
Comcast Ventures, NBCUniversal, Bain Capital
Ventures and 23 Other Investors
Raiz (2015, Sydney)
Online micro-investment platform
Minicorn. Stage: Public

14
Bill Management
Horizontal
Check (2007, Palo Alto, $47M)
Cross-platform money manager app
Stage: Acquired
Menlo Ventures, Morgenthaler, Pitango Venture
Capital and 5 Other Investors
Fawry (2008, Cairo, $46M)
Bill payment platform
Stage: Acquired
EAEF, IFC
Online personal finance service
DAG Ventures, Founders Fund, Benchmark and 11
Other Investors
BPAY (1997, Sydney)
Online bill management platform provider
Unicorn. Stage: Unfunded
Mint Bills (2007, Palo Alto)
Bill aggregation and payment app
Stage: Acquired
Horizontal
Official Payments (1994, Norcross)
US govt. bill and tax payment platform
Stage: Acquired
Parthenon
Household
Payment gateway
Unicorn. Stage: Series C
Temasek, Visa, General Atlantic and 11 Other
Investors

15
Bill Management
Rental
ClickPay (2009, Oradell, $3.7M)
Electronic billing and payment solutions for the
multi-housing industry
Stage: Acquired
Originate Ventures, Thayer Street Partners
Management, Activate Venture Partners
Education
Global money transfer in local currency
Soonicorn. Stage: Series D
Temasek, Bain Capital Ventures, FPrime Capital
Partners and 11 Other Investors
Healthcare
Simplee (2010, Palo Alto, $37.8M)
Enterprise cloud platform for healthcare payments
83North, Heritage Group, American Express

16
Tax Management
E-Filing
H&R Block (1955, Kansas City, $350M)
Tax preparation services
RBS Group
TaxACT (1998, Cedar Rapids, $85M)
Personal Tax Preparation Software
TA Associates Management, Capital Southwest
Cleartax (2010, Bangalore, $65.4M)
Platform for e-filing & CA assisted tax consulting
services for businesses and individuals
SAIF Partners, Sequoia Capital, Founders Fund and
9 Other Investors
Intuit (1983, Mountain View)
Business and Financial Management solutions
provider
Unicorn. Stage: Acquired
Sierra Ventures, KPCB, Kleiner Perkins
E-Filing
H&R Block Canada (1964, Calgary)
Income Tax e-filing software based in Canada
Stage: Public
Jackson Hewitt (1982, Parsippany)
Online individual federal and state income tax
preparation and filing services.
Stage: Acquired
AR2, Bayside Capital, JMI Management
Horizontal
BankBazaar (2008, Chennai, $110M)
Online financial products distribution platform
Experian, Amazon, Sequoia Capital and 3 Other
Investors
GoBear (2014, Singapore, $80M)
Comparison portal for financial products
Soonicorn. Stage: Series A
Aegon, Walvis Group
NerdWallet (2009, San Francisco, $69M)
Personalized advise about financial products.
Soonicorn. Stage: Series A
Camelot Capital, IGlobe Partners, RRE Ventures and
4 Other Investors
Meilleurtaux (1999, Paris, $22M)
Financial product comparison platform
Tikehau Capital, Ventech, Galileo Partners and 1
Other Investors

17
Horizontal
LowerMyBills (1999, Santa Monica, $11M)
Comparison Platform for subscription based utility
services and financial products.
Stage: Acquired
Evercore, eCOMPANIES, Bill Harris and 3 Other
Investors
MoneySuperMarket (1993, Ewloe)
A comparison site for financial products.
Unicorn. Stage: Public
Verivox (1998, Heidelberg)
Comparison platform for financial and electronic
products
Nucom Group
Empruntis (2000, Paris)
Financial products comparison platform
Banque Palatine, European Capital, Capnamic
Horizontal
iSelect (1999, Cheltenham)
Starfish Ventures
Money (2008, Cirencester)
Aggregator platform for loans, insurance and utility
products
Comperia.pl (2007, Warsaw)
Stage: Public
Gruppo MutuiOnline (2000, Milan)
Financial products distributor and outsourcing
services provider
Stage: Public
First Capital, 360 Capital Partners, Index Ventures
Mortgage Choice Aust (1994, Sydney)
Financial products comparison platform.
Stage: Public
Horizontal
NextAdvisor (2006, San Francisco)
Research, reviews and comparison platform for
consumers and small businesses
Stage: Acquired
uSwitch (2006, London)
Multi-faceted consumer products comparison
platform
Stage: Acquired

18
Insurance
Leading online insurance aggregator in India
Unicorn. Stage: Series F
SoftBank Vision Fund, TrueNorth, True North Co
Insurance policy management platform
Mubadala, Horizons Ventures, Idinvest Partners
Health I.Q. (2012, Mountain View, $140M)
Life insurance comparison platform
Greenspring Associates, Aquiline Technology
Growth, Hanwha Asset Management and 10 Other
Investors
Insurance
Goji (2007, Boston, $126M)
Diversified P&C insurance marketplace
Hudson Structured, Spark Capital, Thayer Street
Partners Management and 6 Other Investors
CoverHound (2010, San Francisco, $112M)
Insurance marketplace for comparing and
purchasing insurance plans
Hiscox, Chubb, Aflac and 12 Other Investors
Insurance Zebra (2012, Austin, $61.5M)
Real-time car insurance comparison platform
Accel, Silverton Partners, Daher Capital and 8 Other
Investors
GoHealth (2001, Chicago, $50M)
Price comparison and shopping portal for health
insurance
Soonicorn. Stage: Funded
Norwest Equity Partners, Seyen Capital
Insurance
Coverfox (2011, Mumbai, $49.3M)
Insurance aggregator and selling platform
IFC, Aegon, Transamerica Ventures and 25 Other
Investors
eHealth (1997, Mountain View, $44M)
Health insurance exchange & online resource for
individuals, families, small businesses & Medicare
Stage: Public
Questmark Partners, Goldman Sachs, Lightspeed
Venture Partners and 5 Other Investors
Turtlemint (2015, Mumbai, $34.3M)
Aggregator of insurance products
Sequoia Capital, Blume Ventures, Nexus Venture
Partners

19
Insurance
InsWeb Insurance (1995, Gold River, $30M)
Online insurance comparison and lead generation
platform
Stage: Acquired
SoftBank Group
GoCompare (2006, Newport)
JPMorgan
Facile (2009, Milano)
Multi faceted comparison platform
QuoteWizard (2006, Seattle)
Insurance comparison marketplace for consumers
Insplanet (1999, Stockholm)
Online insurance aggregator in Sweden
Stage: Public
Insurance
insuranceQuotes.com (1976, Denver)
Insurance quote comparison platform
Stage: Acquired
NetQuote (2009, Denver)
Online insurance marketplace for Auto
Stage: Acquired
Stripes Group, Spectrum Equity, Red Badge
Credit Products
A comparison platform of consumer credit products
Vitruvian Partners, Runa Capital, Mojo.capital and
10 Other Investors
FINANZCHECK.de (2010, Hamburg, $83.6M)
Online comparison site for personal loans and
private financial products
HarbourVest Partners, Acton Capital Partners,
Highland Europe and 5 Other Investors
Credit Cards (2004, Austin, $58.8M)
Credit card comparison platform and marketplace
Austin Ventures, Ares Capital Corporation, Tritium
Partners

20
Credit Products
Credible Labs (2014, San Francisco, $22M)
An alternate lending platform for financing student
loans and refinancing student loan debt.
Ron Suber, Regal Funds Management, Carthona
RateGenius (1999, Austin, $2.1M)
Auto refinance loans
Soonicorn. Stage: Seed
Investors Bank, Tritium Partners
LendingTree (1996, Charlotte)
Loan and other consumer financial product
comparison site.
Equifin Capital, Horan MediaTech Advisors, MHS
Capital
Credit Products
Bankrate (1976, North Palm Beach)
Personal finance aggregator
Stage: Acquired
Apax Partners, ABS Ventures, Princeton Ventures
MoneyPark (2011, Wollerau)
Advisory platform for financial products
Stage: Acquired
Tamedia
Savings
Marketplace for term deposits
PayPal, Index Ventures, Thrive Capital and 7 Other
Investors

21
Financial Literacy
Financial Literacy
Zuu (2013, Tokyo, $4.8M)
Provider of Financial Media and advisory platform
Minicorn. Stage: Public
Fenox Venture Capital
Money Saving Expert (2003, London)
Financial advisory website
Stage: Acquired
IBIS Capital
ValuePenguin (2013, New York City)
Personal finance research and comparison platform
for financial products
Stage: Acquired
Investor Education
Investview (2005, Red Bank)
Platform that offers Investment tools and online
courses on Financial Education
Stage: Public
What Investment (1982, London)
Online financial portal for investment tips and
market overview
Stage: Public
Teenage Education
Nelnet (1977, Lincoln)
Student Loan Servicing Platform also offering loan
products
Stage: Public

22
Pay-Me-Now
Pay-Me-Now
Real-time payroll disbursement
DST Global, Andreessen Horowitz, Spark Capital
Even (2014, San Francisco, $50.5M)
Pay me now and budget management app
Aaron Levie, Khosla Ventures, Valar Ventures and
13 Other Investors

List of Notable Companies in Consumer Finance in China
Notable Companies in the Sector in China
23
Consumer Finance > Feed Summary > Notable Companies in the Sector in China
Public
Jupai Holdings
(2010, Shanghai)
JD Finance
(2012, Beijing, $1B)
51credit.com
(2003, Beijing, $469M)
WXB
(2014, Hangzhou, $10M)
Unicorns
Ant Financial
(2004, Hangzhou, $30.5B)
Lufax
(2011, Shanghai, $3B)
51Zhangdan
(2012, Hangzhou, $509M)
Rong360
(2011, Beijing, $255M)
Instony
(2011, Shanghai)

Recent News in Consumer Finance Sector
Recent News
24
Consumer Finance > Feed Summary > Recent News
Jun 2019
Even Named a Gartner 2019 Cool Vendor in Human Capital
Management: Enhancing Employee Experience, PR Newswire
Jun 2019 Carson and ClickPay Announce Integration, PRWeb
Jun 2019
Emma, the London-based money management app, launches in the
US and Canada, TechCrunch
Jun 2019
Insurance start-up Sure nabs $12.5m Series B from WR Berkley,
Intelligent Insurer
Jun 2019
Insurtech startup SURE secures additional $12.5 million in Series B
to make it possible for anyone to purchase on-demand insurance
with a smartphone, TechStartups.com
Jun 2019 Florida health insurer sued over skimpy plans, Healthcare Dive
Jun 2019
Homebot Aims to Bolster Prequal-to-App Pull Through with Buyer
Enhancements to Its Customer Engagement Platform, PR Newswire
Jun 2019
GetInsured Powers National Academy of Sports Medicine's Health
Insurance Enrollment Platform, PR Newswire
Jun 2019
360 Finance Signs Agreement with Tianjin Rural Commercial Bank,
Investing News
Jun 2019
Marble Financial Becomes Proud Member of the Canadian Debtors
Association, Investing News
Jun 2019 Cashwerkz integrates with Agility Connect, Finextra
Jun 2019
EarnUp Surpasses $10 Billion in Loans Managed on Platform, PR
Newswire
Key Recent News Key Recent News
Jun 2019
Alibaba’s Ant Financial and Hellobike team up on $145M e-bike
battery JV, TechCrunch
Jun 2019
Hope Well announces settlement with Payfare and provides update,
CNW
Jun 2019 ETMoney rolls out a new feature for mutual fund SIPs, BestMediaInfo
Jun 2019 Wave to be acquired by H&R Block for $537 million CAD, BetaKit
Jun 2019 H&R Block Inc. Earnings Decline In Q4, RTTNews
Jun 2019
NOVA® Home Loans Selects Homebot To Give Its Loan Officers An
Edge By Empowering Borrowers To Build Wealth With
Homeownership, PR Newswire
Jun 2019
Nacha Announces BillGO as a Preferred Partner for ACH Solutions
for Instant Credit, PRWeb
Jun 2019 H&R Block Q4 2019 Earnings Preview, Seeking Alpha
Jun 2019
Student loan refinancing startup Splash Financial raises $4.3
million, TechCrunch
Jun 2019
China's Ant Financial, Vanguard form Shanghai-based venture:
government records, Reuters
Jun 2019 Yolt: Signs partners and prepares for wider roll-out, FinTechInShorts
Jun 2019
Online broker gives advice to travelers affected by Cuba cruise ban,
insurancebusinessmag.com
Jun 2019
Sound Post Capital Partners with Harness Wealth: An Innovative
WealthTech Business Transforming Access to the Best Financial,
Tax, and Trust & Estate Planning, Business Wire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
25
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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Investments ($M) and number of rounds in Consumer Finance; 2012-2019
Global Funding Trends (1/2)
27
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Consumer Finance > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 3% # of Rounds21% $ Funding
21% # of Rounds
14% $ Funding
$1.1B
$483M
$277M
$528M
$1.B
$777M
$1.2B
$1.5B
$2.2B
0
50
100
150
200
250
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

$19M $25M $54M $62M $86M $112M $168M $41M
$70M
$148M
$210M
$353M
$472M
$698M $866M
$390M
$393M $104M $264M $624M $219M $412M $493M $673M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
38 55 72 107 128 120 84 23
18 27 35 49 57
80
83
22
4 7 6 13 11 17 17 8
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
60 53
Total # of Rounds
28
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Consumer Finance; 2012-2019
Consumer Finance > Investment Trends > Global Funding Trends
82
64
85
103
99
69
15
517
$0.8M
$2.2M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$5.0M
0
100
200
300
400
500
600
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$0.8M $1.4M $1.8M $1.6M $1.8M $3.4M $4.7M $2.2M
$483M
$1.1B
Total $ Invested
$950M
$399M
$107M
$283M
$701M
$392M
$663M
$1.0B
$1.9B28
0
5
10
15
20
25
30
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
1.6E+09
1.8E+09
2E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
3 3 6 11 12 20 26 14

Consumer Finance > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Consumer Finance
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 1.8B 203
Berlin 641M 44
Mumbai 540M 62
New York City 534M 100
Delhi NCR 463M 50
Boston 427M 37
Kansas City 378M 2
Irvine 368M 16
London 339M 90
Monterrey 328M 3
Total Funding
609
313
170
49
19
58
17
9
# Rounds
$4.6B
$1.5B
$1.3B
$507M
$103M
$86.6M
$62.3M
$46.9M
US
Europe
India
Latam
Canada
SEA
Japan
Egypt
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.7 $0.6
$1.1 $0.8 $0.9 $1.1
$2.6
2012 2013 2014 2015 2016 2017 2018
Consumer Finance > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Consumer Finance; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$3.3K* $30M
$90.7K $70M
$48.1K $125M
$50K $328M
$27.2M
$13M
$4.4M
$638K
Series C+
Series B
Series A
Seed
Stage
$17.8
$9.6 $9.8 $12.7
$18.3 $16.8
$23.4
$98.4
$17.3
$44.0
$62.4
$24.3 $29.5 $32.9
$3.1
$4.4 $4.5
$6.7 $7.6
$6.4 $7.5

Note: 387 companies with undisclosed funding amount are not included
31
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
181
211
109
23
19
No. of Companies
Consumer Finance > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Consumer Finance; as of Jun 2019
Distribution of companies by Funding Range
$59M
$728M
$2.6B
$1.5B
$3.8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
26%
8%
4%
2%
32
Note: Numbers in the brackets show the count of companies
Time to raise
next round
60
124
287
890
3486
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
26% 2%
(81)
2%
(56)
0%
(5)
16%
(550)
59%
(2041)
32% 8%
(71)
5%
(47)
0%
(3)
9%
(76)
59%
(524)
43% 17%
(48)
9%
(26)
- 3%
(10)
53%
(153)
48% 32%
(40)
15%
(19)
- 1%
(1)
51%
(63)
- 47%
(28)
23%
(14)
- - 40%
(24)
Consumer Finance > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Consumer Finance
Funding Funnel
15 Months
16 Months
25 Months
Investment backedBootstrapped
38
7
113
21
67
5
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Consumer Finance > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Consumer Finance; Jun 2017-Jun 2019
Notable Investments in last 24 months (1/14)
LATE STAGE
$180M - Series E Feb 2019
Comcast Ventures, NBCUniversal, Bain Capital
Ventures, BlackRock, MSD Capital, The Rise Fund,
Bain Capital, TPG
$152M - Series F May 2019
SoftBank Vision Fund, TrueNorth
$125M - Series C Dec 2018
DST Global, Andreessen Horowitz, Spark Capital,
Matrix Partners India, Ribbit Capital, March Capital
Partners, Coatue
$114M - Series D Feb 2019
PayPal, Index Ventures, Thrive Capital, Ribbit
Capital, Orange
LATE STAGE
$100M - Series D Jul 2018
Global money transfer in local currency
Temasek, Bain Capital Ventures, FPrime Capital
Partners
$84.8M - Series C Feb 2019
Payment gateway
Temasek, Visa
$78.6M - Series E Oct 2017
True North Co, Temasek, Tiger Global Management,
Premji Invest, Wellington Management, Chintan
Arvind Thakkar, Renu Alka Sehgal, Arjun Sharma,
Sanjay Kukreja, Mohit Burman, Anand Burman,
Renu Munjal, Chiratae Ventures, Inventus Capital
India
LATE STAGE
$65M - Series D Jan 2018
A comparison platform of consumer credit products
Vitruvian Partners, Runa Capital
$58M - Series D Feb 2019
Hiscox, Chubb, Aflac, MS & AD
$55M - Series D May 2019
Greenspring Associates, Aquiline Technology
Growth, Hanwha Asset Management, Andreessen
Horowitz
$39M - Series C Oct 2017
GuiaBolso (2012, Sao Paulo, $48.3M)
Online personal finance management application
Vostok Emerging Finance, Ribbit Capital, IFC, QED
Investors, Endeavor, Omidyar Network

LATE STAGE
$36.5M - Series C Dec 2018
TotallyMoney.com (2006, London, $64.9M)
Credit comparing website
Scottish Equity Partners
$35M - Series D Jul 2017
PayPal, Greycroft Partners, E.ventures, Nyca, Sound
Ventures, Bain Capital Ventures, Capital Group,
Point72 Ventures, Rakuten Capital
$34.6M - Series C Nov 2017
Andreessen Horowitz, Charles River Ventures, First
Round Capital, Foundation Capital
$30M - Series D Oct 2017
BankBazaar (2008, Chennai, $110M)
Online financial products distribution platform
Experian, Amazon, Sequoia Capital, Eight Roads
Ventures, Walden International
LATE STAGE
$30M - Series C Dec 2017
NextCapital (1997, Chicago, $52M)
Platform for digital financial advise.
Oak HC/FT, Manulife Financial, Transamerica
Ventures, Vermont Center for Emerging
Technologies, Route 66 Ventures
$28M - Series C Jun 2018
SmartAsset (2011, New York City, $51.4M)
Finance and insurance aggregator
Focus Financial Partners, Javelin Venture Partners,
TTV Capital, IA Capital Group, Contour Venture
Partners, Fabrice Grinda, Citi Ventures
$27M - Series C Nov 2018
Plastiq (2012, Boston, $75.2M)
Enabling card payments to consumers to businesses
not traditionally accepting card payments
Kleiner Perkins, DST Global
LATE STAGE
$27M - Series C May 2018
Plastiq (2012, Boston, $75.2M)
Enabling card payments to consumers to businesses
not traditionally accepting card payments
Atlas Venture, Khosla Ventures, Top Tier Capital
Partners
$26.6M - Series E Nov 2017
Credit Sesame (2010, Mountain View, $65.9M)
Personal finance management and price comparison
of financial products
Menlo Ventures, Inventus Capital Partners,
Globespan Capital Partners, IA Capital Group, SF
Capital Group
$24M - Series C May 2018
Simplesurance (2012, Berlin, $60M)
Point of sale insurance solutions
Allianz X, Rheingau Founders, Rakuten Capital

LATE STAGE
$22M - Series C Apr 2018
IFC, Transamerica Ventures, SAIF Partners, Accel,
Catamaran
$21.4M - Series C Apr 2019
ING
$18.5M - Series C Jun 2017
OneAssist (2011, Mumbai, $32.5M)
Platform for for assistance & protection services
Sequoia Capital, Assurant, Arun Sarin, Lightspeed
India Partners
$18.4M - Series C Oct 2018
MoneyView (2014, Bangalore, $38.3M)
Personal finance smartphone app
Nippon Life Insurance, Dream Incubator, Accel,
Ribbit Capital
LATE STAGE
Tink (2012, Stockholm, $31.2M)
Personal finance management application
SEB, Nordea, ABN AMRO Bank
$15M - Series C Nov 2017
Goji (2007, Boston, $126M)
Diversified P&C insurance marketplace
Hudson Structured
$14M - Series C Sep 2017
ComparaOnline Chile (2009, Providencia,
$39M)
Price comparison site for financial products
Bamboo Capital Partners, IFC, Ribbit Capital, Kaszek
Ventures, Rise Capital
ODDO BHF, TMHD
LATE STAGE
IFC, Aegon
$5M - Series E Jan 2018
$305k - Series C Dec 2018
Platform for for assistance & protection services
Trifecta Capital
$87.5k - Series E Feb 2018
Series D Jan 2018
The Rise Fund

LATE STAGE
Series C Dec 2017
PayPal
Series C Jul 2018
SmartAsset (2011, New York City, $51.4M)
Finance and insurance aggregator
FJ Labs
EARLY STAGE
$125M - Series B Mar 2019
Mubadala, Horizons Ventures, Idinvest Partners,
Mountain Partners, Seedcamp, Speedinvest, Target
Global, Goldman Sachs, CreditEase
$70M - Series A Jun 2018
On-Demand Health Insurance
United Healthcare, Lemhi Ventures, Ascension
Ventures
$50M - Series B Oct 2018
Cleartax (2010, Bangalore, $65.4M)
Platform for e-filing & CA assisted tax consulting
services for businesses and individuals
$42M - Series B Jan 2018
finance management
Edison Partners, FinTech Collective, Grupo SURA,
Greenspring Associates, Danhua Capital
EARLY STAGE
$40M - Series B Sep 2017
Insurance Zebra (2012, Austin, $61.5M)
Real-time car insurance comparison platform
Accel
$40M - Series B Jul 2018
Khosla Ventures, Valar Ventures, Allen & Company,
Harrison Metal, Silicon Valley Bank, Bull City
Venture Partners, Ron Conway, SV Angel
Andreessen Horowitz, Matrix Partners, Ribbit
Capital, March Capital Partners
$35.9M - Series B Feb 2018
EverQuote (2011, Cambridge, $37.5M)
Car Insurance comparison platform
Stratim Capital, Oceanic Partners, T Capital Partners,
Savano Capital Partners

EARLY STAGE
$35M - Series B Nov 2018
Compare (2013, Virginia, $185M)
Auto insurance comparison online provider
Henry Engelhardt, Admiral Group
$31.2M - Series B May 2019
Koho (2014, Vancouver, $40.2M)
Mobile linked prepaid visa card
Portag3 Ventures, Greyhound Capital
AutoGravity (2015, Irvine, $80M)
Marketplace for auto loans.
$30M - Series B Apr 2018
Qapital (2012, New York City, $47.3M)
Mobile app for micro savings
Ny Teknik, Northzone
Taxfix (2016, Berlin, $45M)
App to file taxes
Valar Ventures, Redalpine, Creandum
EARLY STAGE
$30M - Series A May 2019
GoBear (2014, Singapore, $80M)
Comparison portal for financial products
Clark (2015, Berlin, $45M)
Mobile insurance platform to manage insurance
Portag3 Ventures, White Star Capital, Coparion,
Kulczyk Investments
$28.8M - Series B Aug 2018
finance management
Grupo SURA
$28M - Series A Dec 2018
Mylo (2015, Kansas City, $28M)
Insurance comparison platform
Guggenheim Partners
$28M - Series B Jun 2017
ING
EARLY STAGE
Tally App (2015, San Francisco, $42M)
Credit Card management app
Kleiner Perkins, Shasta Ventures, Cowboy Ventures,
Sway Ventures
$24.9M - Series B Jan 2019
Partners
Linxo (2010, Aix-en-provence, $27.6M)
Personal financial management app
Credit Agricole, Credit Mutuel Arkea, MAIF
$23.9M - Series B Sep 2017
Habito (2015, London, $35M)
Online mortgage broker.
Atomico, Ribbit Capital, Mosaic Ventures

EARLY STAGE
$23.5M - Series B Aug 2017
Stride Health (2013, San Francisco, $38.9M)
Health insurance advisor
FPrime Capital Partners, New Enterprise Associates,
Portag3 Ventures, Venrock
True Balance (2015, Gurgaon, $42M)
Mobile app for checking mobile prepaid balance
Naver, Shinhan Bank, T S Investment, LINE Ventures
$22.6M - Series B Apr 2019
Bankin (2011, Paris, $31.5M)
Mobile Money Manager App with Account
Aggregation
Fawry (2008, Cairo, $46M)
Bill payment platform
PayActiv (2012, San Jose, $33.6M)
Financial Wellness application for organizations
Generation Partners, Ziegler, Softbank China and
India Holdings
EARLY STAGE
$20M - Series A Sep 2018
Slice Labs (2015, New York City, $40.3M)
On-demand insurance platform for sharing economy
The Co-operators, XL Innovate, Horizons Ventures,
Munich Re, Sompo Japan Nipponkoa Insurance,
Veronorte, JetBlue Technology Ventures
$20M - Series A Feb 2019
Bud (2015, London, $22.5M)
Platform for personal finance management
HSBC Group, ANZ, Investec, 9yards Capital,
Innocells, Lord Fink, Goldman Sachs
$19M - Series A Aug 2018
EVEN Financial (2014, New York City, $25.3M)
Supply side platform for marketplace lending
GreatPoint Ventures, Canaan Partners, FPrime
Capital Partners, Lerer Hippeau Ventures, Jacob
Gibson, Jason Owen, Plug and Play Tech Center,
Arab Angel, ValueStream Ventures, American
Express, Goldman Sachs
EARLY STAGE
$18.6M - Series B Jul 2018
Moneybox (2015, London, $28.3M)
Micro investment app
Eight Roads Ventures, Oxford Capital, Samos
Investments
Trussle (2015, London, $25.9M)
Authorized online mortgage advisory firm
Goldman Sachs, BBVA, Propel Venture Partners,
Finch Capital, Seedcamp
Scratch (2015, San Francisco, $17M)
Online platform to manage and pay off debts
Ribbit Capital, Founders Fund, Nyca, Center for
Financial Services Innovation, JPMorgan Chase &
Co., Index Ventures
Cover (2016, San Francisco, $27.1M)
Mobile first insurance advisor
Tribe Capital, Y Combinator, Social Capital, EXOR,
Samsung Venture Investment

EARLY STAGE
Mobile-based aggregator for insurance products.
Tribe Capital, Y Combinator, Social Capital, EXOR,
Samsung
$15.2M - Series A Oct 2018
Lively (2016, San Francisco, $19.4M)
Health savings account provider
Costanoa Venture, Transmedia Capital, PJC, Y
Combinator
$15M - Series A Mar 2019
ZayZoon (2015, Calgary, $15M)
Real-time payment disbursement solution
Bluesky Equities, Prairie Merchant
Octane Lending (2013, New York City, $48.5M)
Unified loan application platform for Powersports.
$13M - Series A Aug 2018
App to file taxes
N26, Valar Ventures, Creandum, Redalpine
EARLY STAGE
$13M - Series A Jul 2017
Joany (2014, Los Angeles, $13M)
AI based health insurance comparison platform
Foundry Group, Techstars
$12.5M - Series B Jun 2019
Sure (2013, San Diego, $23.1M)
App for On-demand travel insurance
Berkley
Ensurem (2015, Largo, $14M)
Insurance marketplace for life and health products
$12.1M - Series A Mar 2019
Albert (2015, Los Angeles, $23.9M)
Automated savings platform
XL Innovate, Horizons Ventures, Munich Re, Sompo
Japan Nipponkoa Insurance, Plug and Play Tech
Center, Tusk Ventures
EARLY STAGE
$11.4M - Series A Apr 2018
Instant (2015, Vancouver, $14.5M)
Payroll solution
TTV Capital, ITC Capital Partners, Kinetic Ventures,
Real Ventures
FinanZero (2015, Sao Paulo, $15.9M)
Online broker for vehicle financing
Atlant Fonder, Dunross, Vostok Emerging Finance
Affordplan (2016, Delhi, $13.5M)
Saving plans for medical treatment
Lok Capital, Omidyar Network, Kalaari Capital,
Prime Venture Partners
souqalmal.com (2012, Dubai, $14.5M)
Platform to compare Financial products in the
Middle East
UAE Exchange, GoCompare, Riyad TAQNIA Fund

EARLY STAGE
Cleo AI (2015, London, $15M)
Artificial intelligence meets personal finance.
Balderton Capital, LocalGlobe, Niklas Zennström,
Taavet Hinrikus
$9.7M - Series A Jan 2019
Farewill (2015, London, $10.3M)
End of life planning
Augmentum, Saatchinvest, dmg ventures, Taavet
Hinrikus, Kindred Capital, VentureFounders, Tiny,
Tracy Terrill, JamJar Investments
$9.3M - Series B Oct 2017
RenewBuy (2014, Gurgaon, $14.7M)
Online motor insurance comparison provider
Amicus Capital
$9M - Series B Feb 2018
DailyPay (2015, New York City, $16M)
Provides employees access to pay after every active
work hour
Intercept Ventures, RPM Ventures, Inspiration
Ventures, Frontier Venture Capital
EARLY STAGE
Mobile linked prepaid visa card
Portag3 Ventures
$8M - Series B Jan 2019
yallacompare (2011, Dubai, $18M)
Comparison platform for financial products
Wamda Capital, STC Ventures, Argo Group
Mobile first insurance advisor
Social Capital
Mobile-based aggregator for insurance products.
Social Capital
goHenry (2011, Lymington, $14.3M)
A PFM platform for allowance management for
children and parents
EARLY STAGE
$7.4M - Series A May 2019
Roger.AI (2016, San Francisco, $7.4M)
Accounts payable automation solutions
QED Investors, 9yards Capital, Silicon Valley Bank,
Financial Venture Studio, BootstrapLabs
$7.2M - Series B Apr 2019
$7M - Series A Jun 2017
Coru (2014, Mexico City, $11M)
Aggregator of financial products
QED Investors, Peter Thiel, Struck Capital, Nova
Founders Capital, Seaya Ventures
$7M - Series A Nov 2017
Matic Insurance (2014, Sherman Oaks, $7M)
Home insurance quote provider
Mr. Cooper, Nationwide, National General Insurance,
Anthemis Group, ManchesterStory Group

EARLY STAGE
$6M - Series A Nov 2018
Sequoia Capital
Dreams (2013, Stockholm, $7.5M)
Savings app to help save for dreams
AXA Investment Managers
$5.3M - Series A Sep 2017
Lenda (2012, San Francisco, $11.3M)
An alternate lending platform for refinancing
mortgages.
SF Capital Group, Rubicon Venture Capital,
CreditEase
Portag3 Ventures, American Express Ventures, QED
Investors
EARLY STAGE
$5M - Series A Jan 2018
SuperEd (2012, Melbourne, $5.8M)
Solutions for retirement planning
Mark Johnson
XL Innovate, Munich Re
Canopy (2015, Singapore, $8.2M)
Wealth management and data analytics platform
Enterprise Singapore, Dymon Asia Ventures
Plum (2016, London, $6.9M)
Personal Savings assistant
Venture Friends, EBRD
$4.3M - Series A Nov 2018
Taxfyle (2015, Miami, $7.8M)
On demand CPAs for tax filling
Rokk3r Fuel, Ocean Azul Partners
EARLY STAGE
$4.3M - Series A Jun 2019
Splash Financial (2013, Cleveland, $4.3M)
Refinancing solutions for students loans and
financial education
CMFG Ventures, Northwestern Mutual
Ourly (2015, York, $7.7M)
Money transfer tool for kids and parents
Coverfy (2016, Barcelona, $5.5M)
Insurance management app
K Fund, Seaya Ventures, SeedRocket 4Founders
Capital, Bstartup Banco Sabadell
Homebot (2015, Denver, $4M)
Chatbot based home investment planner.

EARLY STAGE
FinanZero (2015, Sao Paulo, $15.9M)
Online broker for vehicle financing
Vostok Emerging Finance, Webrock Ventures,
Zentro
Ourly (2015, York, $7.7M)
Money transfer tool for kids and parents
CRED (2018, Bangalore, $33.4M)
Rewards-based platform for credit card bill
payments
Ganesh Ventures, Kunal Shah, Amrish Rau,
Whiteboard Capital, Vazquez Heritage Capital,
Rainmatter Technology, Mukesh Bansal, Alan
Mamedi, Sriharsha Majety, Haresh Chawla, Akshay
Kothari
$3.4M - Series A Dec 2017
Canopy (2015, Singapore, $8.2M)
Wealth management and data analytics platform
Credits Suisses Associates, LionRock Capital
EARLY STAGE
$3.3M - Series B Jun 2017
Easypolicy (2011, Noida, $6.1M)
Online selling and comparison platform for
insurance
Unilazer Ventures
Grandhood (2016, Copenhagen)
Employer-enabled retirement planning solution
Speedinvest, Sunstone, Seed Capital
Jassby (2017, Waltham, $3M)
Budget management app for families
finance management
Rubique (2014, Mumbai, $9.5M)
Online marketplace for financial products
Emery Capital, Kalaari Capital, BlackSoil, Jasper
Capital, Recruit Strategic Partners
EARLY STAGE
$2.4M - Series A Feb 2018
Masii (2015, Bangkok, $2.4M)
Aggregator platform of financial product rates.
B Grimm, European Union
Money Dashboard (2008, Edinburgh, $12.1M)
$1.7M - Series A Aug 2017
Money Dashboard (2008, Edinburgh, $12.1M)
$969k - Series B Oct 2017
$628k - Series A Sep 2017
goHenry (2011, Lymington, $14.3M)
A PFM platform for allowance management for
children and parents
$461k - Series A Apr 2018
Rubique (2014, Mumbai, $9.5M)
Online marketplace for financial products
Kalaari Capital

EARLY STAGE
$48.1k - Series B Dec 2017
Series B May 2018
insurance
Unilazer Ventures
Series A Sep 2018
Joany (2014, Los Angeles, $13M)
AI based health insurance comparison platform
Wavemaker Three-Sixty Health, Wavemaker
Partners, Techstars, Birchmere Ventures, Foundry
Group
Series A Oct 2018
Jassby (2017, Waltham, $3M)
Budget management app for families
Blumberg Capital, Correlation Ventures, Moneta
EARLY STAGE
Series A Jan 2019
TheBank (2012, Hanoi)
NCORE VENTURES, CyberAgent Capital
SEED STAGE
$30M - Seed Nov 2018
CRED (2018, Bangalore, $33.4M)
Rewards-based platform for credit card bill
payments
Sequoia Capital, RTP Ventures, Ribbit Capital,
Gemini, MVision, Amrish Rau, Future Shape,
Credence Partners, Venture Highway, Rainmatter
Technology, ReDefine Capital Partners, Valiant
Capital Partners, SciFi, Jitendra Gupta, Mission
Holdings, Whiteboard Capital, Haresh Chawla,
Gokul Rajaram, Ganesh Ventures, Ajit Mittal, Akshay
Kothari, Mukesh Bansal, Alan Mamedi, Sriram
Krishnan, Nami Zarringhalam
$30M - Seed Oct 2018
INDWealth (2018, Gurgaon, $30M)
AI-based wealth management platform
Steadview Capital
$27M - Angel May 2018
Numbrs (1999, Zurich, $152M)
App for money transfer and managing multiple bank
accounts
Marius Nacht

SEED STAGE
$7M - Seed Jun 2018
Planswell (2015, Toronto, $17.8M)
Online platform for financial planning
$6.8M - Seed Jan 2018
$5.5M - Seed May 2019
Pillar (2018, New York City, $5.5M)
Loan management app
Kleiner Perkins, Great Oaks Venture Capital, Rainfall
Ventures, Financial Venture Studio, Noah Weiss,
Zach Weinberg, Patrick Kavanagh, Day One
Ventures, Adam Nash, Nat Turner, Misha Esipov,
Nadia Asoyan, Kairos, Red Dog Capital
$4.2M - Seed Sep 2017
Lively (2016, San Francisco, $19.4M)
Health savings account provider
Transmedia Capital, Streamlined Ventures, Y
Combinator, SV Angel, PJC, Liquid 2 Ventures,
Haystack Partners, Frederic Kerrest, Isaac Oates, Jeff
Epstein, Paul Buchheit
SEED STAGE
$4M - Seed Jan 2019
$3.5M - Seed May 2018
Vault (2013, Austin, $5M)
Student loan benefits platform
Vestigo Ventures, CMFG Ventures, Prudential,
Rubicon Venture Capital
$3.3M - Angel May 2019
Urban Jungle (2016, London, $4.8M)
Home contents insurance for renting and sharing
economy
Rob Devey, Simon Rogerson
$3M - Seed May 2018
Flock (2015, London, $3.5M)
Pay-as-you-fly insurance for drones
Anthemis Group, Plug and Play Tech Center, Seed +
Speed, Downing Ventures
SEED STAGE
$2.8M - Seed Mar 2019
AltoIRA (2016, Nashville, $4.4M)
Wealth management platform
Foundation Capital, Sequoia Capital, Amplify, Green
D Ventures, Jake Gibson, First Check
$2.6M - Seed Jul 2017
Robin Klein, Jason Goodman, LocalGlobe
$2.5M - Seed Jul 2017
On-Demand Health Insurance
Lemhi Ventures

SEED STAGE
$2.1M - Seed Oct 2017
Bud (2015, London, $22.5M)
Platform for personal finance management
Investec, Innocells, Force Over Mass Capital, FP
Investments, Banco Sabadell, Tao Tao, Nick Hedley,
Alan Morgan, Sabrina Del Petre, Denis Reichman,
Sue Colvin, Anthony DeNunzio, Catherine Cork,
Campbell L Anthony, Lewis Tuff, Henry Johnson,
Barry Walsh, Stuart Frith, Caroline Campbell,
Edward Cooper
$2M - Seed Sep 2017
App to file taxes
Creandum, Redalpine
$1.8M - Seed Sep 2018
Bloom Credit (2016, New York City, $3.9M)
Offline credit score building assistance provider.
Resolute Ventures, Kindred Ventures, Slow Ventures
$1.8M - Seed Oct 2017
Bloom Credit (2016, New York City, $3.9M)
Offline credit score building assistance provider.
SEED STAGE
$1.6M - Seed Jan 2019
TaxScouts (2017, London, $2M)
Digital tax advisor for tax planning
Speedinvest, Seedcamp, Finch Capital
$1.6M - Seed Oct 2017
AltoIRA (2016, Nashville, $4.4M)
Wealth management platform
$1.3M - Seed Jan 2018
Urban Jungle (2016, London, $4.8M)
Home contents insurance for renting and sharing
economy
Rob Devey, Bought By Many
$1.2M - Seed Sep 2017
$788k - Angel Jun 2017
RenewBuy (2014, Gurgaon, $14.7M)
Online motor insurance comparison provider
Shailendra Ghorpade
SEED STAGE
$700k - Seed Jul 2017
$500k - Seed Jun 2017
Taxfyle (2015, Miami, $7.8M)
On demand CPAs for tax filling
$399k - Seed Jul 2018
TaxScouts (2017, London, $2M)
Digital tax advisor for tax planning
Angel Feb 2018
Ashton Kutcher
Angel Jan 2019
Aaron Levie

SEED STAGE
Angel May 2018
Taavet Hinrikus
Angel Dec 2017
Roger.AI (2016, San Francisco, $7.4M)
Accounts payable automation solutions
Morten Strunge
Seed Dec 2017
Grandhood (2016, Copenhagen)
Employer-enabled retirement planning solution
Morten Nilsson, PreSeed Ventures

Consumer Finance > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$14B - Series C Jun 2018
Ant Financial (2004, Hangzhou, $30.5B)
Internet finance company
Khazanah Nasional Berhad, Warburg Pincus,
Temasek, General Atlantic, T. Rowe Price, The
Carlyle Group, Discovery Capital, Baillie Gifford,
Silver Lake, Sequoia Capital, CPP Investment Board,
BlackRock, GIC
$1.3B - Series C Dec 2018
Lufax (2011, Shanghai, $3B)
Online platform providing wealth management,
credit-rating services and other institutional
businesses
UBS, Goldman Sachs Investment Partners, Qatar
Investment Authority, All stars investment,
JPMorgan Chase, UOB Bank, SBI Holdings,
Hedosophia, Macquarie, LionRock Capital,
Primavera Capital Group
LATE STAGE
$200M - Series C Sep 2017
Feidee (2010, Shenzhen, $215M)
Consumer finance management solutions provider
KKR
$200M - Series C Oct 2017
Shenzhen Handy Technology (1998,
Nanshan, $210M)
Expense management tool
Sequoia Capital, Source Code Capital, KKR, Finup
Group
$14M - Series C Mar 2019
17doubao (2015, Beijing, $25.7M)
Healthcare insurance distributor and support
services for corporates and individuals
Bojang Capital Management, The wing capital
17doubao (2015, Beijing, $25.7M)
Healthcare insurance distributor and support
services for corporates and individuals
Future Capital
EARLY STAGE
CompareAsiaGroup (2013, Hong Kong, $96M)
Leading Financial Comparison Group
Alibaba Entrepreneurs Fund, SBI Holdings, Nova
Founders Capital, Route 66 Ventures, ACE and
Company, IFC, Goldman Sachs Investment Partners
$50M - Series B Dec 2017
MoneyHero (2012, Hong Kong, $50M)
Financial comparison site
IFC, Alibaba Entrepreneurs Fund, Goldman Sachs
$30.2M - Series B Nov 2017
Cheche365 (2014, Beijing, $46.5M)
Car insurance distribution platform
Shunwei Capital, CBC Capital
$14.9M - Series B Mar 2019
EasyTransfer (2013, Beijing, $14.9M)
Third party payment platform to pay college fees
China Equity Group

Most Active Investors (VC, PE) by Stage in Consumer Finance; Last 5 years (Jun 2014-Jun 2019)
Most Active VC & PE Investors
48
Consumer Finance > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Sequoia Capital (6 Investments)
Cleartax, CRED, Walnut
1
Seedcamp(5 Investments)
Trussle, Cuvva, TaxScouts
2
LocalGlobe(4 Investments)
Trussle, Cleo AI, Zego
3
Kapor Capital (4 Investments)
HealthSherpa, Vault, EarnUp
4
Liquid 2 Ventures(4 Investments)
Lively, Harness Wealth, Shopinbox
5
SV Angel (3 Investments)
Lively, Gabi, Grove
6
First Round Capital (3 Investments)
Health I.Q., Grove, Airbanq
7
East Ventures(3 Investments)
Cermati, Eatsy, Seedly
8
LaunchCapital (3 Investments)
Airfox, RateGravity, Inbox Health
9
Social Capital (3 Investments)
Visor, Truebill, Penny
10
EARLY STAGE
Portag3 Ventures(6 Investments)
Clark, Koho, Stride Health
1
QED Investors (5 Investments)
GuiaBolso, Albert, Knip
2
Ribbit Capital(5 Investments)
Raisin, Digit, Habito
3
Anthemis Group (4 Investments)
Qapital, Qover, Matic Insurance
4
Nova Founders Capital (4 Investments)
Samlino.dk, TopCompare.be, CompareEurope
5
Index Ventures(3 Investments)
Raisin, Scratch, Bonify
6
SAIF Partners(3 Investments)
Cleartax, Coverfox, Walnut
7
Omidyar Network(3 Investments)
GuiaBolso, Kin, Affordplan
8
DN Capital(3 Investments)
Raisin, VouchedFor, Bonify
9
Social Capital (3 Investments)
Cover, Cover, Jiko
10
LATE STAGE
Temasek(3 Investments)
Policybazaar, Billdesk, Flywire
1
Bain Capital Ventures(2 Investments)
Acorns, Flywire
2
FJ Labs (2 Investments)
Raisin, SmartAsset
3
DST Global (2 Investments)
Earnin, Plastiq
4
Rakuten Capital (2 Investments)
Acorns, Simplesurance
5
Transamerica Ventures(2 Investments)
NextCapital, Coverfox
6
Kleiner Perkins
Plastiq
7
Norwest Venture Partners
PolicyGenius
8
Andreessen Horowitz
Health I.Q.
9
Foundation Capital
Health I.Q.
10

Consumer Finance > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Consumer Finance; Last 5 years (Jun 2014-Jun 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Plug and Play Tech Center(36
Investments)
Credit Sesame, Slice Labs, PayActiv
1
500 Startups(27 Investments)
Credit Karma, Flywire, Kin
2
Startupbootcamp(27 Investments)
Tikkr, MoneyFellows, CreditSeva
3
Techstars(18 Investments)
Airfox, Self Lender, Joany
4
Y Combinator(16 Investments)
Cleartax, Cover, Cover
5
MassChallenge(13 Investments)
Flywire, Splitwise, RateGravity
6
Wayra(6 Investments)
Squirrel, BenchBanking, Zave App
7
NXTP Labs(5 Investments)
Moni, 123Seguro, Tutanda
8
Entrepreneur First(5 Investments)
Trussle, Cleo AI, Multiply
9
H2 Ventures(5 Investments)
LoanDolphin, Birch Finance, HashChing
10
OTHER NOTABLE INVESTORS
Goldman Sachs(6 Investments)
wefox, Trussle, EVEN Financial
1
IFC(5 Investments)
Coverfox, GuiaBolso, ComparaOnline Chile
2
Kima Ventures(5 Investments)
Squirrel, Assur Up, TacoTax
3
SBI Holdings(4 Investments)
Money Forward, Samlino.dk, TopCompare.be
4
MetLife(3 Investments)
EarnUp, Tekkredi, Frollo
5
Angel Investment Network(3 Investments)
LoanGarage, Kiseguro, Where To Bank
6
PayPal(3 Investments)
Acorns, Raisin, Cleartax
7
Stratim Capital(3 Investments)
eHealth, EverQuote, ShareBuilder
8
Northwestern Mutual Future
Ventures(3 Investments)
Learnvest, Gabi, Rize
9
Salesforce(2 Investments)
wefox, Moneytree
10
DEBT INVESTORS
Silicon Valley Bank(7 Investments)
NerdWallet, Even, Tally App
1
Kreos Capital(3 Investments)
Smava, Savedo, Profile Pensions
2
TPG(2 Investments)
Acorns, PolicyBoss
3
InnoVen Capital(2 Investments)
FreeCharge, Coverfox
4
Trifecta Capital(2 Investments)
OneAssist, Rubique
5
BlackRock
Acorns
6
Idinvest Partners
wefox
7
Ardian
JeChange.fr
8
Macquarie Group
Moneylion
9
Tikehau Capital
Meilleurtaux
10

Consumer Finance > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/6)

Consumer Finance > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
InsurTech
Apr 2019
Remittance
Apr 2019

Marketmap: Consumer Finance
59
Consumer Finance > Market Details > BlueBox

Key Sub Sectors (1/2)
60
Key Sub Sectors in Consumer Finance
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies which offer comparative quotes on various consumer financial products
LendingTree (1996, Charlotte, Public)
1191 334 $3.7B
Bill Management
Online bill payment platforms
FreeCharge (2010, Mumbai, Acquired)
383 69 $1.1B
Savings Management
Online savings tracker, consolidation platforms, advisory services provider
Affordplan (2016, Delhi, $13.5M)
266 101 $892M
Expense Tracking
Online platforms which help in personal and group expense monitoring, budgeting, and
settlement
Venmo (2009, New York City, Acquired)
Yolt (2016, Amsterdam)
828 151 $867M
Debt Management
Online platforms which offer debt repayment and refinancing, debt settlement and
negotiation, credit reporting and improvement services
Clear Score (2014, London, Acquired)
150 57 $669M
Tax Management
Online tax management services provider
Intuit (1983, Mountain View, Acquired)
H&R Block (1955, Kansas City, Acquired)
152 34 $590M
Wealth Management
Companies which offer investment tools, automated advisory services and assist in financial
planning
Financial Engines (1996, Sunnyvale,
Acquired)
Emma (2017, London, $556k)
298 78 $420M
Pay-Me-Now
Companies offering consumers to collect their salary as per their convenience
PayActiv (2012, San Jose, $33.6M)
ZayZoon (2015, Calgary, $15M)
19 11 $332M
Financial Literacy
Companies which educate users on various financial management practices
Investopedia (1999, Edmonton, Acquired)
The Motley Fool (1993, Alexandria, $25M)
152 38 $79.1M
Consumer Finance > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
61
Key Sub Sectors in Consumer Finance
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Fraud Protection
Consumer fraud protection against unwanted charges and other financial exploitation
BillGuard (2010, Tel Aviv, Acquired)
10 7 $51.1M
Consumer Finance > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/10)
62
Consumer Finance > Market Details > Detailed Sector Taxonomy

63

64

65

66

67

68

69

70

71

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Financial Product Aggregators > Insurance > Horizontal
Companies which offer comparative quotes on consumer products from multiple insurance domains
(Companies covered 291 | Funded 75 | Total Funding $1.2B)
$676M
(+$486M)
33
(-7)
Policybazaar
(2008, Gurgaon, $318M)
2
(-)
Expense Tracking > Personal > Automated > Account-Linked
Automatic Expense Management platforms which connect with a user's bank account, credit cards etc.
to collect expense reports
(Companies covered 209 | Funded 75 | Total Funding $699M)
$345M
(+$178M)
31
(+5)
Moneylion
(2013, New York City, $108M)
3
(+12)
Pay-Me-Now
$262M
(+$214M)
10
(+5)
Earnin
4
(-1)
Financial Product Aggregators > Horizontal
Companies which offer comparative quotes on products from multiple financial domains
$110M
(-$34.4M)
22
(-11)
GoBear
(2014, Singapore, $80M)
5
(+8)
Financial Product Aggregators > Insurance > Life & Health
Companies which offer comparative quotes on consumer products from Life & Health insurers
$146M
(+$127M)
10
(+2)
Health I.Q.
(2012, Mountain View, $140M)
6
(+2)
Tax Management > E-Filing
Online tax return filing platforms
$121M
(+$94.8M)
10
(-1)
Cleartax
(2010, Bangalore, $65.4M)
7
(+2)
Savings Management > Savings Platforms > Personal > Automated > Micro-
Savings > Micro-Investments
Micro-savings platforms which help in investing the amount saved
$239M
(+$201M)
7
(-1)
Acorns
(2012, Irvine, $287M)
72
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Consumer Finance in last 2 years (June 2017 - May 2019)
Consumer Finance > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Consumer Finance > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Pay-Me-Now
(Companies created 19 | Funded 11 | Total Funding $332M )
2
2
Financial Product Aggregators > Insurance > Non Life & Health > Property &
Casualty > Auto
Companies which offer comparative quotes on consumer products from Auto insurers
1 Insurance Zebra (2012, Austin, $61.5M)
3
Debt Management > Debt Repayment > Automated
Automated Debt Repayment platforms
(Companies created 9 | Funded 5 | Total Funding $26.4M )
1 Scratch (2015, San Francisco, $17M)
4
Financial Product Aggregators > Insurance > Horizontal
Companies which offer comparative quotes on consumer products from multiple insurance domains
(Companies created 291 | Funded 75 | Total Funding $1.2B )
1 Turtlemint (2015, Mumbai, $34.3M)
5
Expense Tracking > Personal > Automated > Account-Linked
Automatic Expense Management platforms which connect with a user's bank account, credit cards etc. to
collect expense reports
1 Empower (2016, San Francisco, $4.5M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
74
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (June 2017 - May 2019)
Consumer Finance > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Savings Management > Savings Platforms > Personal > Manual >
Goal-based
Manual savings platforms for specific financial goals
14 $5.8M
(+$5.8M)
3
(+3)
Dreams
(2013, Stockholm, $7.5M)
75
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Consumer Finance in last 2 years (June 2017 - May 2019)
Consumer Finance > Market Details > Other Notable Markets

Incubators 500 Startups (#3), Nordea Accelerator (#1)
Seed Blumberg Capital (#1), Kima Ventures (#1)
Series A/B Route 66 Ventures (#2), Mountain Partners (#2)
Series C+ Transamerica Ventures (#1), Ribbit Capital (#1)
Coverfox Jun - 2019
Acq by Paytm
QuoteWizard Oct - 2018
Acq by LendingTree for $300M
Kanetix.ca Aug - 2018
Acq by Ontario Teachers' Pension Plan
Quilt Aug - 2018
Acq by Haven Life
Facile May - 2018
Acq by EQT Ventures for $12.6B
EasyInsure Jan - 2018
Acq by Totten Insurance Group
Bimadirect Sep - 2017
Acq by Essel Finance
$12.5M - Series B
$7.2M - Series C
$152M - Series F
$125M - Series B
$58M - Series D
CoverHound (2010, San Francisco,
$112M)
$24.9M - Series B
Jun 2019
Insurance start-up Sure nabs $12.5m Series B from WR
Berkley, Intelligent Insurer
Jun 2019
Insurtech startup SURE secures additional $12.5 million in
Series B to make it possible for anyone to purchase on-
demand insurance with a smartphone, TechStartups.com
Jun 2019
Yolt: Signs partners and prepares for wider roll-out,
FinTechInShorts
Jun 2019
International Finance Corporation bets on insurance market,
backs this startup, Financial Express
Jun 2019
Delhi HC imposes Rs 10 lakh cost on Policybazaar for
concealing facts to obtain interim order, Indiatimes
May 2019
Yolt Partners with Simplesurance Insurance Platform,
Financial IT
May 2019
Overstappen.nl signs Contexta360 to provide advanced A.I
and speech analytics, RealWire
May 2019
Indonesia insurtech PasarPolis expansion to aim for
Thailand and Vietnam, Verdict
May 2019
GoCompare becomes first comparison website to join the
Insurance Fraud Bureau, Fintech Finance
May 2019
Head Of Commercial Appointed At Comparison Creator,
Insider Media
May 2019
Confused.com to provide car and home insurance to six
million uSwitch and Money.co.uk customers, Finextra
May 2019
India: PolicyBazaar bags $152m funding, led by SoftBank,
Deal Street Asia
Apr 2019
Policybazaar unveils cashless claim settlement of motor
cover, The Hindu
News
23
9
33
75
291
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Financial Product Aggregators > Insurance > Horizontal: Market Factsheet
76
Exits
Recent InvestmentsCompanies which offer
comparative quotes on consumer
products from multiple insurance
domains
Policybazaar
(2008, Gurgaon, $318M)
GoCompare
(2006, Newport)
Coverfox
(2011, Mumbai, $49.3M)
Slice Labs
CoverHound
Top Companies
#1 Top Markets of Investment Activity
Consumer Finance > Market Details > Market: Horizontal
Companies Created 291 | Funded 75 | Total Funding $1.2B
0
20
40
$0k
$200M
$400M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Horizontal

Financial Product Aggregators > Insurance > Horizontal: Top Companies
Market: Horizontal (1/3)
Analyst’s Pick
Unicorn. Stage: Series F
SoftBank Vision Fund, TrueNorth, True North Co
Compare (2013, Virginia, $185M)
Auto insurance comparison online provider
Minicorn. Stage: Series B
Henry Engelhardt, Admiral Group
Mubadala, Horizons Ventures, Idinvest Partners
Hiscox, Chubb, Aflac and 12 Other Investors
Analyst’s Pick
Minicorn. Stage: Series C
ODDO BHF, TMHD, Allianz X and 16 Other Investors
PolicyGenius (2014, New York City, $52M)
Online insurance shopping
Minicorn. Stage: Series C
Norwest Venture Partners, Revolution, Karlin
IFC, Aegon, Transamerica Ventures and 25 Other
Investors
Clark (2015, Berlin, $45M)
Mobile insurance platform to manage insurance
Portag3 Ventures, White Star Capital, Coparion and
13 Other Investors
Analyst’s Pick
On-demand insurance platform for sharing
economy
Minicorn. Stage: Series A
The Co-operators, XL Innovate, Horizons Ventures
Partners
Mylo (2015, Kansas City, $28M)
Insurance comparison platform
Guggenheim Partners
App for On-demand travel insurance
Berkley, IA Capital Group, Menlo Ventures and 7
Other Investors

Analyst’s Pick
Knip (2013, Zurich, $18.3M)
Insurance management and comparison platform
Route 66 Ventures, QED Investors, Redalpine and 3
Other Investors
Gabi (2016, San Francisco, $12.1M)
Continuous comparison platform for personal
insurance products
Editor's Pick. Stage: Series A
Canvas Ventures, Correlation Ventures, A Capital
Venture and 4 Other Investors
insurance
Unilazer Ventures, Gaurav Burman, Anil Jain and 2
Other Investors
Coverfy (2016, Barcelona, $5.5M)
Insurance management app
K Fund, Seaya Ventures, SeedRocket 4Founders
Analyst’s Pick
Quilt (2016, New York City, $3.3M)
Insurance platform for life, personal stuff, pets.
NextView Ventures, Eniac Ventures, Founder
Collective and 7 Other Investors
Cuvva (2014, London, $2.6M)
Pay-as-you-go car insurance provider
Minicorn. Stage: Seed
LocalGlobe, Tekton Ventures, Techstars and 3 Other
Investors
Gramcover (2015, Noida, $1.2M)
Insurance marketplace focused on rural areas
Editor's Pick. Stage: Seed
Omnivore Partners, Yogesh Ashok Patil
Ask Arvi (2017, Mumbai, $296k)
Personal insurance assistant platform
Policen Direkt Group, Sudhir Chiluveru, Mayank
Chamadia and 4 Other Investors
Analyst’s Pick
GoCompare (2006, Newport)
JPMorgan
Facile (2009, Milano)
Multi faceted comparison platform
Hublio (2016, Dublin)
Mobile based insurance platform
Minicorn. Stage: Unfunded
QuoteWizard (2006, Seattle)
Insurance comparison marketplace for consumers
SafeShare Global (2015, London)
Insurance solution for sharing economy
Minicorn. Stage: Unfunded
CompareTheMarket (2006, Peterborough)
Insurance comparison site
Editor's Pick. Stage: Unfunded

Analyst’s Pick
Confused.com (2002, Cardiff)
Comparison site for financial, utility, and insurance
products
EasyInsure (2007, Windsor)
Online insurance broker platform
InsuredMine (2017, Plano)
A cloud-based digital Insurance manager
InsurEye (2011, Toronto)
Insurance Comparison and Reviews
PasarPolis (2015, Jakarta)
Insurance comparison portal in Indonesia
Editor's Pick. Stage: Series A
Go-Jek, Traveloka, Tokopedia, East Ventures
PolicyPal (2016, Singapore)
Mobile first insurance distribution platform
500 Startups, Startupbootcamp, Plug and Play Tech
Center, Silicon Straits

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
80
Financial Product Aggregators > Insurance > Horizontal: Leaderboard
Better than Market Average
Market: Horizontal
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Coverfox 2011 Mumbai Acquired $49.3M 7 - 4 - - 2.1k 75k 637 22 191 43% 223 12%
4.7 Slice Labs 2015
New York
City
Series A $40.3M 5 - - - - 3.1k - - 21 - - 754 32%
4.7 Clark 2015 Berlin Series B $45M 4 - 3 - - 1.9k 750k 2.7k 4 331 15% 107 6%
4.7 PolicyGenius 2014
New York
City
Series C $52M 4 - - - - 3.2k - - 12 - - 508 20%
4.6 Policybazaar 2008 Gurgaon Series F $318M 7 5 - 4 5 117 - - 52 - - 31 36%
4.6 Turtlemint 2015 Mumbai Series B $34.3M 3 5 - - - 588 - - 4 - - 109 23%
4.3
Simplesuran
ce
2012 Berlin Series C $60M 3 - - - 4 905 - - 5 - - 41 5%
4.2 Coverfy 2016 Barcelona Series A $5.5M 3 - 4 - - 869 300k 1.1k 1 179 21% - -
4.2 Cuvva 2014 London Seed $2.6M 3 3 3 - 4 2.7k 300k 573 4 159 38% 175 7%
4.1 wefox 2014 Berlin Series B $158M 4 - 4 - 4 - 300k 615 1 - - - -
4.1 Sure 2013 San Diego Series B $23.1M 3 - 4 3 4 491 75k 219 8 13 6% 18 4%
4.0 CoverHound 2010
San
Francisco
Series D $112M 8 - - - - 3.2k - - 13 - - -11 -
3.9 PolicyPal 2016 Singapore Seed - 2 - 4 - 4 740 30k 305 4 52 21% 39 6%
3.7 Knip 2013 Zurich Series B $18.3M 3 - 3 - - 2.8k 300k 1.9k 3 5 - -16 -1%
3.7 Brolly 2015 London Seed $1.4M 2 - - - - 2.8k - - 5 - - 36 1%

Incubators Techstars (#2), 500 Startups (#2)
Seed RRE Ventures (#2), Bessemer Venture Partners (#1)
Series A/B Sequoia Capital (#1), Kleiner Perkins (#1)
Series C+ Ribbit Capital (#1), IFC (#1)
Birch Finance Oct - 2018
Acq by EVEN Financial
Seedly May - 2018
Acq by ShopBack
Clarity Money Mar - 2018
Acq by Marcus for $100M
Outbank Nov - 2017
Acq by Verivox
Money Forward Sep - 2017
IPO'd on TYO
Pocketbook Jun - 2016
Acq by zipMoney for $6M
Sweep Apr - 2016
Acq by Affirm
$3.5M - Seed
Pixpay (2019, Paris, $3.5M)
$2.2M - Series A
Money Dashboard (2008, Edinburgh,
$12.1M)
$31.2M - Series B
$22.6M - Series B
Bankin (2011, Paris, $31.5M)
$21.4M - Series C
$20M - Series A
Bud (2015, London, $22.5M)
Jun 2019
ETMoney rolls out a new feature for mutual fund SIPs,
BestMediaInfo
Jun 2019
Yolt: Signs partners and prepares for wider roll-out,
FinTechInShorts
Jun 2019
Prague-based fintech app Wallet has been licensed by the
Czech National Bank, opening doors to other EU bank APIs
under PSD2, EU-Startups
Jun 2019
On The Heels Of $42 Million Raise, Koho Launches Premium
Cashback Account, BetaKit
Jun 2019 Raisin and Yolt announce partnership, FStech
Jun 2019 Yolt users get access to Raisin deposit marketplace, Finextra
Jun 2019
Yolt for Business API to support ING, Payvision & Funding
Options, Fintech Finance
May 2019
Revolut, Chip and Marcus by GS integrate with Money
Dashboard, Banking Technology
May 2019
Money Dashboard Announces New Partnership With AI-
Powered Savings App Chip, Crowdfund Insider
May 2019
Yolt Partners with Simplesurance Insurance Platform,
Financial IT
May 2019 Fintech crowdfund raises £2 million in 24 hours, Insider
May 2019
Swiss financial app Numbrs forms strategic partnership with
Allianz, Verdict
May 2019
Deliveroo teams up with UK fintech Portify to launch new
app for riders, iTWire
Apr 2019 Bankin’ raises $22.6 million for its financial coach, TechCrunch
Apr 2019 ET Money app gets UPI integration, Gadgets Now
News
16
8
28
75
209
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Expense Tracking > Personal > Automated > Account-Linked: Market Factsheet
81
Exits
Recent InvestmentsAutomatic Expense Management
platforms which connect with a
user's bank account, credit cards
etc. to collect expense reports
Yolt
(2016, Amsterdam)
Bud
(2015, London, $22.5M)
Moneylion
(2013, New York City, $108M)
Money Dashboard
(2008, Edinburgh, $12.1M)
ETMoney
(2006, Gurgaon)
Top Companies
Consumer Finance > Market Details > Market: Account-Linked
Companies Created 209 | Funded 75 | Total Funding $699M
0
10
20
30
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Account-Linked

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