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DECEMBER 2017
ALTERNATIVE LENDING
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
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
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on December 4, 2017.
Alternative Lending Feed Summary
4
Alternative Lending > Feed Summary
Online lending platforms and companies that enable online lending.
• Inclusions: The lending companies which operate
through an online platform with little/no physical
presence for loan servicing/operations, are not
backed, operationally, by a traditional/brick &
mortar financial institution and use alternative data
points for credit scoring. The feed also includes
platforms enabling alternative lending (credit
scoring, aggregators, white-label platforms).
• Exclusions: Aggregators catering to offline
financial institutions, lending softwares, dynamic
discounting.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$16.6B
Funding
34
Mega
Companies
9333070
FundedCovered on
Tracxn
7
Unicorns
44
Soonicorns
93
Minicorns
21
IPO’d Cos
400
Late Stage Cos
98
13
Acquisitions
171
DeadPooled
68
Acquihired
Series A+ Cos
Social Finance
(2011, San Francisco, $2.1B)
Kabbage
(2009, ,Atlanta $491M)
Lending Club
(2016, San Francisco, $162M)
Top Companies
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Investment Trend Summary
Summary of Funding Activity in Alternative Lending
5
$500M - Series F
Social Finance (2011, San Francisco, $2.1B)
$132M - Series C
Neyber (2014, London, $181M)
$300M - PE
Pave (2012, New York City, $313M)
$126M - Series B
Bread Finance (2014, New York City, $140M)
$250M - Series F
Kabbage (2009, Atlanta, $491M)
$120M - Series C
Kreditech (2012, Hamburg, $281M)
$220M - Series C
Mosaic (2011, Oakland, $247M)
$105M - Series G
Social Finance (2011, San Francisco, $2.1B)
$150M - Series B
LendUp (2012, San Francisco, $212M)
$103M - Series A
Finova Financial (2015, San Francisco, $155M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Alternative Lending > Feed Summary > Investment Trend Summary
Seed East Ventures (#4), FJ Labs (#4), Village Capital (#4)
Series A/B QED Investors (#8), Sequoia Capital (#7), Blumberg Capital (#5)
Series C+ DST Global (#4), IVP (#4), QED Investors (#3)
Incubators 500 Startups (#20) Y Combinator (#16) Techstars (#12)
Other Notable
Investors
Victory Park Capital (#20), Accion (#18), Ribbit Capital (#11)
Debt Investors
Western Technology Investment (#14), Kreos Capital (#7), Silicon
Valley Bank (#7)
Most Active InvestorsRecent Investments
249
359
489
607
396
102
2012 2013 2014 2015 2016 2017*
Y-o-Y # of Companies Founded 73 127 226 311 313 266
$474M
$762M
$2.1B
$5.3B
$2.8B
$3.3B
2012 2013 2014 2015 2016 2017*
$ Funding # Rounds
$10.8B
$3.2B
$656M
$395M
$385M
US
Europe
India
Australia
Israel
$ Funding
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Summary of exit outlook in Alternative Lending
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
DST Global 4
GreenSky (2006, Atlanta, $410M)
Funding Circle (2010, London, $375M)
QED Investors 4
Social Finance (2011, San Francisco, $2.1B)
Avant (2012, Chicago, $655M)
IVP 3
Social Finance (2011, San Francisco, $2.1B)
Klarna (2005, Stockholm, $336M)
Thomvest Ventures 3
Social Finance (2011, San Francisco, $2.1B)
Kabbage (2009, Atlanta, $491M)
FJ Labs 3
Klarna (2005, Stockholm, $336M)
Lending Club (2006, San Francisco, $162M)
Nov 2017 Earnest Acq by Navient for $155M
Oct 2017 Swift Financial Acq by PayPal for $183M
Dec 2016 MoneyPark Acq by Helvetia for $104M
Apr 2012 Advance America Acq by Grupo Elektra for $780M
Oct 2008 Paypal Credit Acq by PayPal for $945M
Oct 2006 ACE Cash Express Acq by JLL Partners for $455M
May 2005 LowerMyBills Acq by Experian for $330M
Alternative Lending > Feed Summary > Exit Outlook Summary
PayPal 2
Paypal Credit (Oct 2008, $945M), Swift Financial (Oct 2017,
$183M)
Goldman Sachs 1 Meilleurtaux (Dec 2016)
Dun &
Bradstreet
1 LiveCapital (Jul 2005, $17.2M)
Experian 1 LowerMyBills (May 2005, $330M)
JLL Partners 1 ACE Cash Express (Oct 2006, $455M)
Recent IPOs Top Acquisitions
OnDeck Dec 2014
Online platform for business loans.
IPO MCap: $1.3B Current MCap: $361M
Lending Club Dec 2014
P2P online lending marketplace
IPO MCap: $5.4B Current MCap: $1.8B
Enova Oct 2014
Provides online financial services to alt…
IPO MCap: - Current MCap: $480M
IOU Financial Mar 2014
Working capital loan provider to small bu…
IPO MCap: - Current MCap: $7.9M
Elevate Apr 2017
Provides online credit solutions to consu…
IPO MCap: $276M Current MCap: $299M
CoAssets May 2016
Real estate crowdfunding platform
IPO MCap: $52.7M Current MCap: $14.6M
Mogo.ca Jun 2015
Online lending and debt management compan…
IPO MCap: $146M Current MCap: $87.1M
Ferratum Group Jun 2015
Online/mobile based short term loans prov…
IPO MCap: $415M Current MCap: $658M
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
CONSUMER LOANS
PayDay Loans
LendUp (2012, San Francisco, $211.5M)
Education Loans
Social Finance (2011, San Francisco, $2.12B)
Unsecured Personal Loans
Lending Club (2006, San Francisco, IPO)
Micro Loans
Tala (2012, Los Angeles, $41.5M)
Employer Loans
Neyber (2014, London, $181.2M)
Green Financing
Mosaic (2011, Oakland, $247M)
$11.1B BUSINESS LOANS
Mortgage Loans
LendingHome (2013, San Francisco, $166M)
Term Loans
Funding Circle (2010, London, $375M)
$3.9B
December 2017Tracxn BlueBox – Alternative Lending
3050+ companies in the sector, 733 funded in last 5 years, $6.6B invested in last 2 Years
Most Active Investors: Sequoia Capital, QED Investors, 500 Startups, Victory Park Capital, Accion
Asset Backed Loans
Borro (2008, London, $75.67M)
Purchase Financing
Affirm (2012, San Francisco, $420M)
Mortgage Loans
loanDepot (2010, Foothill Ranch, $71.95M)
Credit Builder Loans
Oportun (2005, Menlo Park, $221.09M)
Credit Card Debt Refinancing
Payoff (2009, Long Beach, $71.12M)
Auto Loans
Oodle Finance (2016, Oxford, $74.87M)
LEAD GENERATION PLATFORMS
Nav (2012, San Mateo, $45M)
$1B INVESTMENT PLATFORM
Orchard (2013, New York City, $64.7M)
$121M
Project Loans
Neighborly (2011, Kansas City, $30.5M)
Franchise Loans
ApplePie Capital (2014, San Francisco, $26.35M)
Working Capital
Unsecured Loans
Kabbage (2009, Atlanta, $490.81M)
Merchant Cash Advance
Swift Capital (2006, Wilmington, $98.75M)
Invoice Financing
BlueVine (2013, Redwood City, $113M)
Discounting
Fundbox (2012, Tel Aviv, $107.5M)
ENABLERS
Credit Scoring
ZestFinance (2009, Los Angeles, $54M)
Lending-as-a-service
Think Finance (2001, Fort Worth, $60M)
$446M
7
Alternative Lending > Feed Summary > Bluebox
Cumulative funding in the marketFunding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Key Sub Sectors in Alternative Lending Sector
Summary of Key Markets
8
Other Notable Markets
# Cos on
Platform
Last 2 Years
$ Invested # Round
Business Loans > Working Capital >
Unsecured Loans >
B2B Marketplace
34 $260M 6
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Consumer Loans > Unsecured Personal
Loans >
P2P Marketplace
236 $363M 48
Consumer Loans > Purchase Financing >
B2C Marketplace 71 $442M 35
Consumer Loans > Unsecured Personal
Loans >
Direct Lender
216 $368M 23
Business Loans > Working Capital >
Unsecured Loans >
Direct Lender
43 $285M 19
Consumer Loans > Purchase Financing >
Direct Lender 80 $205M 25
Business Loans > Term Loans >
P2B Marketplace 203 $189M 39
Consumer Loans > Unsecured Personal
Loans >
B2C Marketplace
101 $179M 27
Business Loans > Mortgage Loans >
P2B Marketplace 75 $189M 19
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Consumer Loans
Lending platforms which offer loan products for
consumers
1432 420 $11.1B
Business Loans
Lending platforms which offer loan products to
businesses
916 305 $3.9B
Lead Generation Platforms
Platforms which aggregate loan products from
lenders, offer comparison services, and...
524 146 $1B
Enablers
Fintech companies providing allied services to
alternative lenders
160 49 $446M
Investment Platform
Platforms that enable investors to invest money in
loans on alternative lending platforms....
38 13 $121M
Alternative Lending > Feed Summary > Summary of Key Markets
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies in Alternative Lending
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Alternative Lending > Feed Summary > Notable Companies in the Sector
Public
Zillow
(2005, Seattle, $87M)*
OnDeck
(2007, New York City, $174M)
Lending Club
(2006, San Francisco, $162M)
FlexShopper
(2006, Boca Raton, $10M)
Afterpay
(2014, Melbourne, $8M)
Mogo.ca
(2006, Vancouver, $3.9M)
CoAssets
(2013, Singapore, $736k)
FriendsClear
(2007, Paris, $637k)
DirectMoney
(2006, Balmain, $98k)
Elevate
(2014, Fort Worth)
Public
Experian
MicroAnalytics
(1992, Monaco)
Enova
(2003, Chicago)
Ferratum Group
(2005, Helsinki)
International Personal
Finance
(2007, Leeds)
IOU Financial
(2006, Kennesaw)
LendingTree
(1996, Charlotte)
Money3
(2006, Bundoora)
MoneySuperMarket
(1993, Ewloe)
Mortgage Choice Aust
(1994, Sydney)
Public
Tungsten Network
(2000, London)
Ulusal Factoring
(2001, Istanbul)
Acquired
Paypal Credit
(2000, Lutherville-timonium,
$100M)
Advance America
(1997, Greenville)
ACE Cash Express
(1968, Irving)
LowerMyBills
(1999, Santa Monica, $11M)
Swift Financial
(2004, Wilmington, $65.3M)
Earnest
(2013, San Francisco, $107M)
MoneyPark
(2011, Wollerau)
Unicorns
Social Finance
(2011, San Francisco, $2.1B)
Avant
(2012, Chicago, $655M)
Kabbage
(2009, Atlanta, $491M)
GreenSky
(2006, Atlanta, $410M)
Funding Circle
(2010, London, $375M)
Klarna
(2005, Stockholm, $336M)
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (1/11)
11
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Unsecured Personal Loans
Avant (2012, Chicago, $655M)
Online lending platform
Unicorn. Stage: Series E
Origin Ventures, JPMorgan Chase & Co., August
Capital and 17 Other Investors
Prosper (2005, San Francisco, $410M)
P2P Lending Marketplace
Soonicorn. Stage: Series G
FinEX Asia, Credit Suisse, J.P. Morgan and 29 Other
Investors
Pave (2012, New York City, $313M)
Online lending platform for personal loans.
Soonicorn. Stage: Series A
Maxfield Capital, RPM Ventures, Seer Capital and 1
Other Investors
Kreditech (2012, Hamburg, $281M)
Personal lending based on big data points
Soonicorn. Stage: Series C
Naspers, Rakuten, IFC and 11 Other Investors
Unsecured Personal Loans
Harmoney (2013, Auckland, $210M)
Online P2P lending platform.
Soonicorn. Stage: Series A
P2P Global Investments PLC, Trade Me, NZX
Market and 1 Other Investors
Lending Club (2006, San Francisco, $162M)
P2P online lending marketplace
Unicorn. Stage: Public
Hanwha Life, T. Rowe Price, Wellington
Management and 32 Other Investors
Zopa (2005, London, $103M)
Online P2P lending marketplace.
Soonicorn. Stage: Series F
Northzone, iZettle, Spotify and 13 Other Investors
Upstart (2012, Palo Alto, $85.7M)
An online lending platform.
Soonicorn. Stage: Series D
Third Point Ventures, Khosla Ventures, First Round
Capital and 13 Other Investors
Unsecured Personal Loans
RateSetter (2010, London, $55M)
Online lending platform for P2P loans.
Soonicorn. Stage: Series B
Woodford Investment Management, Artemis,
British Business Bank and 1 Other Investors
Pret D'Union(2009, Issy-les-moulineaux,
$52.4M)
Online platform for P2P lending.
Soonicorn. Stage: Series D
Eurazeo, Credit Mutuel Arkea, Schibsted Media
Group and 3 Other Investors
Auxmoney (2007, Dusseldorf, $28M)
Online lending platform for P2P loans.
Soonicorn. Stage: Series D
SevenVentures, Index Ventures, Union Square
Ventures and 5 Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (2/11)
12
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Unsecured Personal Loans
Mogo.ca (2006, Vancouver, $3.9M)
Online lending and debt management company
Stage: Public
Difference Capital Financial, Fortress Investment,
Innovation Grade and 2 Other Investors
FriendsClear (2007, Paris, $637k)
peer-to-peer lending
Stage: Public
DirectMoney (2006, Balmain, $98k)
Online lending platform for personal loans and
small business loans
Stage: Public
255 Finance
4Finance (2008, Riga)
Online unsecured personal loans' direct lender
Soonicorn. Stage: Funded
Marcus (2017, Salt Lake City)
Online platform for unsecured personal loans
Soonicorn. Stage: Unfunded
Unsecured Personal Loans
Elevate (2014, Fort Worth)
Provides online credit solutions to consumers.
Editor's Pick. Stage: Public
Victory Park Capital, Sequoia Capital, Technology
Crossover Ventures and 1 Other Investors
Enova (2003, Chicago)
Provides online financial services to alternative
credit consumers.
Stage: Public
Ferratum Group (2005, Helsinki)
Online/mobile based short term loans provider
Stage: Public
Pontos Group
International Personal Finance (2007,
Leeds)
Lending platform that offers consumer loans and
offline home credits
Stage: Public
Unsecured Personal Loans
Money3 (2006, Bundoora)
Personal Loan Provider
Stage: Public
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (3/11)
13
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Purchase Financing
Affirm (2012, San Francisco, $420M)
Online lending platform for purchase financing
Soonicorn. Stage: Series D
Morgan Stanley, Founders Fund, Andreessen
Horowitz and 6 Other Investors
GreenSky (2006, Atlanta, $410M)
Purchase finance provider
Unicorn. Stage: Series B
Fifth Third Bancorp, TPG, DST Global and 2 Other
Investors
Klarna (2005, Stockholm, $336M)
Provides purchase financing and late payment
options.
Unicorn. Stage: Series D
Creandum, FJ Labs, Sequoia Capital and 10 Other
Investors
Purchase Financing
Paypal Credit (2000, Lutherville-timonium,
$100M)
Provides purchase financing options to consumers.
Soonicorn. Stage: Acquired
Amazon, Azure Capital Partners, Crosspoint
Venture Partners and 3 Other Investors
FlexShopper (2006, Boca Raton, $10M)
Lease-to-own payment and financing option
provider.
Stage: Public
Waterfall Asset Management, Middlemarch
Partners
Afterpay (2014, Melbourne, $8M)
Purchase finance provider in Australia and New
Zealand
Stage: Public
Allectus Capital
Auto Loans
DriverUp (2015, Austin, $70M)
Online marketplace for auto loans
Soonicorn. Stage: Series B
SF Capital Group, RRE Ventures, Emerald
Development Managers
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (4/11)
14
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Education Loans
Social Finance (2011, San Francisco, $2.1B)
Educational loans marketplace
Unicorn. Stage: Series G
Silver Lake, SoftBank Group, GPI Capital and 20
Other Investors
CommonBond (2011, Brooklyn, $179M)
Online lending platform for education loans.
Soonicorn. Stage: Series C
August Capital, Tribeca Venture Partners, Social
Capital and 8 Other Investors
Earnest (2013, San Francisco, $107M)
Direct lender for student loan refinancing and
personal loans
Soonicorn. Stage: Acquired
Battery Ventures, Adams Street Partners, Maveron
and 15 Other Investors
Green Financing
Mosaic (2011, Oakland, $247M)
Residential solar financing provider
Soonicorn. Stage: Series C
Deutsche Bank, Warburg Pincus, Core Innovation
Capital and 7 Other Investors
Renovate America (1999, San Diego, $170M)
Provider of financing programs for water and
energy efficient home improvements
Soonicorn. Stage: Series E
Bank of America, DFJ, Silver Lake and 6 Other
Investors
Renew Financial (2008, Oakland, $125M)
Financing solutions for renewable energy projects
Soonicorn. Stage: Series D
Morgan Stanley, Barclays, Angeleno Group and 5
Other Investors
PayDay Loans
LendUp (2012, San Francisco, $212M)
Payday loans direct lender
Soonicorn. Stage: Series C
PayPal, Victory Park Capital, Y Combinator and 15
Other Investors
Advance America (1997, Greenville)
Online and store-based payday, installment and title
loans
Stage: Acquired
ACE Cash Express (1968, Irving)
Online payday, cash advance & other short term
loans.
Stage: Acquired
JPMorgan Chase & Co., Wells Fargo, Bank of
America and 4 Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (5/11)
15
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Mortgage Loans
loanDepot (2010, Foothill Ranch, $72M)
Online platform for consumer loans.
Soonicorn. Stage: Series C
Parthenon
Personal Lines of Credit
Nubank (2013, Sao Paulo, $178M)
MasterCard flagged credit card with a mobile app
Soonicorn. Stage: Series D
DST Global, Sequoia Capital, Tiger Global
Management and 5 Other Investors
Credit Builder Loans
Oportun (2005, Menlo Park, $221M)
Credit building unsecured personal loans for
underbanked Hispanics.
Soonicorn. Stage: Series G
IVP, Fidelity Investments, Greylock Partners and 11
Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (6/11)
16
Alternative Lending > Feed Summary > Notable Companies by Market
Consumer Loans
Employer Loans
Neyber (2014, London, $181M)
Offers loans to employees which are repaid through
salary deduction
Soonicorn. Stage: Series C
Goldman Sachs, Henry Ritchotte, Gael de Boissard
and 2 Other Investors
Business Loans
Working Capital
Kabbage (2009, Atlanta, $491M)
Working capital financing for small businesses.
Unicorn. Stage: Series F
SoftBank Group, Reverence Capital Partners, ING
and 20 Other Investors
Behalf (2011, Raanana, $156M)
Lending platform for SMBs
Soonicorn. Stage: Series C
Viola Group, Sequoia Capital, Spark Capital and 6
Other Investors
SpotCap (2013, Berlin, $117M)
Alternate lending platform providing credit lines to
businesses.
Soonicorn. Stage: Series B
Heartland, Holtzbrinck Ventures, Finstar Financial
Group and 3 Other Investors
Working Capital
BlueVine (2013, Redwood City, $113M)
Online invoice factoring company
Soonicorn. Stage: Series D
Silicon Valley Bank, Suntrust Banks, Bank Leumi
and 10 Other Investors
Fundbox (2012, Tel Aviv, $108M)
Invoice Financing for SMEs
Soonicorn. Stage: Series C
FJ Labs, Spark Capital, Bezos Expeditions and 10
Other Investors
Capital Float (2013, Bangalore, $86M)
Online lending platform for small businesses
Soonicorn. Stage: Series C
Ribbit Capital, SAIF Partners, Sequoia Capital and 5
Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (7/11)
17
Alternative Lending > Feed Summary > Notable Companies by Market
Business Loans
Working Capital
Lendingkart (2014, Ahmedabad, $66.2M)
Online platform that provides working capital for
SMBs in India
Soonicorn. Stage: Series C
IFMR Capital, Capital First, Manappuram Finance
and 11 Other Investors
Swift Financial (2004, Wilmington, $65.3M)
Working capital financing provider to small
businesses
Stage: Acquired
Sutter Hill Ventures, Village Ventures, Permit
Capital
CAN Capital (1998, New York City, $63M)
Working capital loans for small businesses.
Soonicorn. Stage: Series D
Wells Fargo, Morgan Stanley, Barclays and 13 Other
Investors
Working Capital
Prospa (2012, Sydney, $60M)
Online lending platform for unsecured business
loans.
Soonicorn. Stage: Series B
AirTree Ventures, The Carlyle Group, Ironbridge
Equity Partners and 2 Other Investors
NeoGrowth (2010, Mumbai, $46.5M)
Working capital lending platform
Soonicorn. Stage: Series D
Omidyar Network, Aspada Investments, Khosla
Impact and 12 Other Investors
IOU Financial (2006, Kennesaw)
Working capital loan provider to small businesses.
Stage: Public
Fintech Ventures Fund
Tungsten Network (2000, London)
e-invoicing, invoice financing and analytics
company
Stage: Public
Working Capital
Ulusal Factoring (2001, Istanbul)
Factoring company for SMEs.
Stage: Public
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (8/11)
18
Alternative Lending > Feed Summary > Notable Companies by Market
Business Loans
Term Loans
Funding Circle (2010, London, $375M)
P2P lending marketplace for small businesses
Unicorn. Stage: Series F
Accel Partners, Baillie Gifford, DST Global and 8
Other Investors
OnDeck (2007, New York City, $174M)
Online platform for business loans.
Stage: Public
Credit Suisse, IVP, RRE Ventures and 17 Other
Investors
Ezbob (2011, London, $86.9M)
Online lender for business loans.
Soonicorn. Stage: Series C
Shawbrook Bank, Honeycomb Investment Trust,
Leumi Partners and 1 Other Investors
Mortgage Loans
LendingHome (2013, San Francisco, $166M)
Alternative lending and investment platform for
mortgages.
Soonicorn. Stage: Series C
Sberbank, Noah Holdings, Cowboy Ventures and 7
Other Investors
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
Soonicorn. Stage: Series C
Cross Creek Advisors, Danhua Capital, Barry
Sternlicht and 7 Other Investors
LendInvest (2013, London, $58.6M)
P2P Lending for Mortgages
Soonicorn. Stage: Series B
Macquarie Group, Atomico, Kunlun
Mortgage Loans
Realty Mogul (2012, Los Angeles, $46.7M)
Online real estate equity and debt based
crowdfunding platform.
Soonicorn. Stage: Series B
Sorenson Capital, Canaan Partners, Microsoft
Ventures and 8 Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (9/11)
19
Alternative Lending > Feed Summary > Notable Companies by Market
Business Loans
Project Loans
CoAssets (2013, Singapore, $736k)
Real estate crowdfunding platform
Stage: Public
Expara, MDA Singapore
Enablers
Credit Scoring
Voyager Labs (2012, Hod Hasharon, $100M)
Cloud-based social media analytics solution
Soonicorn. Stage: Funded
Horizons Ventures
ZestFinance (2009, Los Angeles, $54M)
Machine Learning technologies to give lenders a
better understanding of risk
Soonicorn. Stage: Series C
Baidu, Fortress Investment, Eastward Capital
Partners and 11 Other Investors
Experian MicroAnalytics (1992, Monaco)
Alternative data-based credit scoring unit of
Experian
Stage: Public
Lead Generation Platforms
Consumer Loans
BankBazaar (2008, Chennai, $110M)
Loan comparison platform
Soonicorn. Stage: Series D
Experian, Amazon, Sequoia Capital and 2 Other
Investors
Zillow (2005, Seattle, $87M)
Real Estate Marketplace
Editor's Pick. Stage: Public
Legg Mason, Benchmark Capital, Technology
Crossover Ventures and 2 Other Investors
LowerMyBills (1999, Santa Monica, $11M)
Comparison Platform for subscription based utility
services and financial products.
Stage: Acquired
St. Paul Venture Capital, Evercore, eCOMPANIES
and 2 Other Investors
MoneyPark (2011, Wollerau)
Advisory platform for financial products
Stage: Acquired
Tamedia
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (10/11)
20
Alternative Lending > Feed Summary > Notable Companies by Market
Lead Generation Platforms
Consumer Loans
Mortgage Choice Aust (1994, Sydney)
Financial products comparison platform.
Stage: Public
Business Loans
Biz2Credit (2007, New York City)
Multiple solutions provider to the credit needs of
small businesses.
Soonicorn. Stage: Funded
Direct Lending Investments, Nexus Venture
Partners
Horizontal
NerdWallet (2009, San Francisco, $69M)
Personalized advise about financial products.
Soonicorn. Stage: Series A
Camelot Capital, IGlobe Partners, RRE Ventures and
4 Other Investors
LendingTree (1996, Charlotte)
Loan and other consumer financial product
comparison site.
Stage: Public
MHS Capital, Equifin Capital, Horan MediaTech
Advisors
MoneySuperMarket (1993, Ewloe)
A comparison site for financial products.
Stage: Public
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies by Market in Alternative Lending
Notable Companies by Market (11/11)
21
Alternative Lending > Feed Summary > Notable Companies by Market
Investment Platform
Investment Platform
Orchard (2013, New York City, $64.7M)
Technology and infrastructure provider for
marketplace lending.
Soonicorn. Stage: Series C
Thrive Capital, Victory Park Capital, Thomvest
Ventures and 8 Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
List of Notable Companies in Alternative Lending in China
Notable Companies in the Sector in China
22
Alternative Lending > Feed Summary > Notable Companies in the Sector in China
Public
Lufax
(2011, Shanghai, $1.7B)
Qudian
(2014, Beijing, $929M)
Yirendai
(2012, Beijing, $10M)
China Rapid Finance
(2001, Shanghai, $105M)
Unicorns
YiXin Capital (Daikuan)
(2015, Beijing, $2.4B)
Lufax
(2011, Shanghai, $1.7B)
JD Finance
(2012, Beijing, $1B)
Qudian
(2014, Beijing, $929M)
Jiedaibao
(2015, Beijing, $694M)
Dianrong
(2012, Shanghai, $439M)
Tuandaiwang
(2012, Dongguan, $369M)
Fenqile
(2013, Beijing, $345M)
Rong360
(2011, Beijing, $255M)
Jimubox
(2014, Beijing, $131M)
Unicorns
Firstp2p
(2013, Beijing, $122M)
China Rapid Finance
(2001, Shanghai, $105M)
PPDai
(2007, Shanghai, $60M)
Soonicorns
WeLab
(2013, Hong Kong, $400M)
Dashu Finance
(2014, Shenzhen, $210M)
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Recent News in Alternative Lending Sector
Recent News
23
Alternative Lending > Feed Summary > Recent News
Nov 2017 MoneyMe raises A$120m for debt securitisation facility, AltFi
Nov 2017
RumbleOn Inc. Announces Strategic Partnership with MotoLease
LLC, GlobeNewswire
Nov 2017
ForwardLine Financial Appoints Experienced Financial Services
Veteran, Steve Carlson, as CEO, PRWeb
Nov 2017 KrazyBee looks to expand in Tamil Nadu, Indiatimes
Nov 2017
Assetz Capital Announcement: Soon to Launch IFISA Set to Include
Manual Lending, Crowdfund Insider
Nov 2017
Orange Growth Capital rebrands as Finch Capital, leads €2 million
round in Ikbenfrits, Tech.eu
Nov 2017
StoreKing Enabling Financial Inclusion in Rural India with Capital
Float, Dataquest
Nov 2017
IOU Financial Inc. Releases Financial Results for the Three and Nine
Month Period Ended September, CNW
Nov 2017
Assetz Capital Completes Latest Seedrs Round With More Than £1.6
Million in Funding, Crowdfund Insider
Nov 2017
Elevate Credit : RISE Product Surpasses $300 Million in Outstanding
Loans, 4-Traders
Nov 2017
Upgrade and Corridor Collaborate on Big Data and Credit Analytics,
PR Newswire
Nov 2017
Auto financial services platform Chedaidai secures Series A+ to
integrate wealth management, & more, AllTechAsia
Nov 2017 SunTrust Agents $250MM Revolver for LendingTree, ABFJournal
Key Recent News Key Recent News
Nov 2017
Finch Capital : Announces Two New Investments in Key
Geographical Markets, 4-Traders
Nov 2017
Flender's lenders throw €400000 towards €2m funding round,
Silicon Republic
Nov 2017
Ivor Wolk Shares Details About His New Role As YieldStreet’s First
General Counsel, Crowdfund Insider
Nov 2017
Assetz funds one of P2P sector’s largest loans for student
development, P2PFinanceNews
Nov 2017 Getbucks Q1 PAT up 66pct , The Source
Nov 2017
Paisabazaar.com announces new product category for short term
personal loans, newKerala.com
Nov 2017
LaterPay Launches First AMP-Enabled Paywall and Subscription
Platform , PRWeb
Nov 2017
Synpromics Announces Collaboration with UCL to Develop
Revolutionary Gene Therapy for Parkinson’s Disease, Business Wire
Nov 2017
AmeriCash Loans Launches New Online Application Features:
Electronic Transfer and Choose Your Location , PRWeb
Nov 2017
Mogo Launches MogoProtect to Help Protect Canadians Against
Identity Fraud, CNW
Nov 2017 Case-Shiller home price index rises 6.2% in September, CNBC
Nov 2017
ICBC Teams Up With JD.com to Offer Digital Banking Services,
Bloomberg
Nov 2017
BioCoin and RCN Have Combined Efforts to Assist Green Businesses
Worldwide, Coinspeaker
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
24
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
Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Logistics Tech
Nov 2017
RealEstate Tech
Nov 2017
Test Preparation
Nov 2017
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
$182M
$539M $474M
$762M
$2.1B
$5.3B
$2.8B
$3.3B
0
50
100
150
200
250
300
350
$0k
$1.B
$2.B
$3.B
$4.B
$5.B
$6.B
2010 2011 2012 2013 2014 2015 2016 2017*
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in Alternative Lending; 2010-2016
Global Funding Trends (1/2)
26
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
*YTD
Alternative Lending > Investment Trends > Global Funding Trends
#Rounds
$Funding
58% $ Funding
55% $ Funding
40% # of Rounds
35% # of Rounds
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
$16M $12M $25M $47M $128M $136M $226M $102M
$68M
$175M
$280M
$367M
$580M $1.8B
$1.2B
$1.3B
$99M $352M $169M $347M $1.4B $3.4B $1.4B $2.B
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Seed Early Stage Late Stage
20 28 38 62 132 161 146 97
15 27 22 47
69 119
127
134
7 8 13 18 25 31 40 35
2010 2011 2012 2013 2014 2015 2016 2017 YTD
Seed Early Stage Late Stage
42
266
Total # of Rounds
$78M
$297M $307M $414M
$1.6B
$4.6B
$2.1B
$2.6B
0
5
10
15
20
25
30
35
40
45
50
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
3E+09
3.5E+09
4E+09
4.5E+09
5E+09
2010 2011 2012 2013 2014 2015 2016 2017 YTD
$ Funding # of Rounds
27
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 ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Alternative Lending; 2010-2016
Alternative Lending > Investment Trends > Global Funding Trends
24
31
37
63
118
159
141 573
$2.2M
$2.7M
$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
700
2001-2010 2011 2012 2013 2014 2015 2016 Total
Entrants in Funding Club Avg. Ticket Size
3 3 8 11 22 46 46 37 $2.2M $3.1M $1.6M $1.7M $2.9M $4.7M $2.6M $2.7M
$182M
$3.3B
Total $ Invested
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201728
Alternative Lending > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Alternative Lending
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 5.6B 212
London 1.4B 135
New York City 1.3B 112
Atlanta 926M 21
Chicago 676M 22
Stockholm 348M 24
Hamburg 345M 18
Los Angeles 321M 28
Wilmington 289M 17
Mumbai 258M 45
Total Funding
665
414
159
43
18
45
8
67
# Rounds
$10.8B
$3.2B
$656M
$395M
$385M
$294M
$217M
$155M
US
Europe
India
Australia
Israel
Latam
New
Zealand
SEA
Note: Excludes funding information of China companies
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201729
Trend of Average Deal Size ($M)
$1.4
$0.6
$1.0 $1.0 $1.2 $1.3
$2.2
2010 2011 2012 2013 2014 2015 2016
$4.3
$6.1
$2.9
$8.1 $8.6 $10.1
$7.1
$10.6 $9.8
$28.1
$9.5
$12.4
$37.4
$21.5
$14.1
$50.2
$16.9 $21.7
$65.2
$130.7
$46.1
Alternative Lending > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Alternative Lending; 2010-2016
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Note: 456 companies with undisclosed funding amount are not included
30
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
128
261
127
42
37
No. of Companies
Alternative Lending > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Alternative Lending; as of Dec 2017
Distribution of companies by Funding Range
$43M
$1.B
$2.7B
$2.9B
$10.B
$ Investment
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Stage No. of Companies
Funding
Funnel
100%
30%
13%
6%
3%
31
Note: Numbers in the brackets show the count of companies
Time to raise
next round
98
175
400
933
3070
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
30% 2%
(76)
1%
(28)
2%
(74)
5%
(161)
62%
(1902)
43% 8%
(71)
3%
(24)
4%
(36)
4%
(37)
49%
(460)
44% 14%
(57)
3%
(12)
4%
(15)
2%
(8)
51%
(202)
56% 29%
(51)
4%
(7)
5%
(9)
1%
(2)
38%
(66)
- 44%
(43)
5%
(5)
5%
(5)
1%
(1)
32%
(31)
Alternative Lending > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Alternative Lending
Funding Funnel
13 Months
14 Months
15 Months
Investment backedBootstrapped
44
7
6
18
1
3
Soonicorns
Unicorns
Acquisitions
IPOs
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201732
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (1/15)
LATE STAGE
$500M - Series F Feb 2017
Social Finance (2011, San Francisco, $2.1B)
Educational loans marketplace
Silver Lake, GPI Capital
$250M - Series F Aug 2017
Kabbage (2009, Atlanta, $491M)
Working capital financing for small businesses.
SoftBank Group
$220M - Series C Aug 2016
Mosaic (2011, Oakland, $247M)
Residential solar financing provider
Warburg Pincus, Core Innovation Capital
$132M - Series C Sep 2017
Neyber (2014, London, $181M)
Offers loans to employees which are repaid through
salary deduction
Goldman Sachs
LATE STAGE
$120M - Series C May 2017
Kreditech (2012, Hamburg, $281M)
Personal lending based on big data points
Naspers
$105M - Series G Apr 2017
Social Finance (2011, San Francisco, $2.1B)
Educational loans marketplace
$100M - PE Nov 2016
Voyager Labs (2012, Hod Hasharon, $100M)
Cloud-based social media analytics solution
Horizons Ventures
$100M - Series F Jan 2017
Funding Circle (2010, London, $375M)
P2P lending marketplace for small businesses
$100M - Series D Apr 2016
Affirm (2012, San Francisco, $420M)
Online lending platform for purchase financing
Founders Fund
LATE STAGE
$95M - Series C Dec 2016
Ygrene Energy Fund (2009, Santa Rosa, $185M)
Offers clean energy financing solutions
Lightyear Capital
$81.2M - PE Aug 2016
InCred Finance (2016, Mumbai, $156M)
Tech NBFC in SME and consumer lending
IDFC, Alpha Capital, Paragon Partners, Bee Finance,
Darashaw & Company
$80M - Series D Dec 2016
Nubank (2013, Sao Paulo, $178M)
MasterCard flagged credit card with a mobile app
DST Global
$78.3M - Series D Mar 2016
Renew Financial (2008, Oakland, $125M)
Financing solutions for renewable energy projects
Braemar Energy Ventures
$75M - PE Sep 2017
InCred Finance (2016, Mumbai, $156M)
Tech NBFC in SME and consumer lending
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201733
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (2/15)
LATE STAGE
$74.9M - PE Feb 2017
Oodle Finance (2016, Oxford, $74.9M)
Automotive loan provider
KKR
$57M - Series C Oct 2017
LendingHome (2013, San Francisco, $166M)
Alternative lending and investment platform for
mortgages.
Sberbank, Noah Holdings
$52M - Series C Jan 2016
Nubank (2013, Sao Paulo, $178M)
MasterCard flagged credit card with a mobile app
Founders Fund
$50M - Series G Sep 2017
Prosper (2005, San Francisco, $410M)
P2P Lending Marketplace
FinEX Asia
$49M - Series D Dec 2016
BlueVine (2013, Redwood City, $113M)
Online invoice factoring company
LATE STAGE
$47.8M - Series D Sep 2017
Younited Credit (2009, Paris, $95.1M)
Online P2P personal loans
Matmut, Zencap Asset Management, Bpifrance
$47.5M - Series C Aug 2016
LendUp (2012, San Francisco, $212M)
Payday loans direct lender
Radicle Impact Partners
$46.8M - Series C May 2016
Payoff (2009, Long Beach, $71.1M)
Provides loans to pay off credit card debt
$46M - Series D Mar 2017
Klarna (2005, Stockholm, $336M)
Provides purchase financing and late payment
options.
Creandum
$46M - Series C Apr 2016
FinanzCheck (2010, Hamburg, $83.6M)
Online comparison site for personal loans and
private financial products
HarbourVest Partners, Acton Capital Partners
LATE STAGE
$45M - Series C Aug 2017
Capital Float (2013, Bangalore, $86M)
Online lending platform for small businesses
Ribbit Capital
$42M - Series E Oct 2017
Credit Sesame (2010, Mountain View, $77M)
Personal finance management and price comparison
of financial products
SF Capital Group
$41.1M - Series F Jun 2017
Zopa (2005, London, $103M)
Online P2P lending marketplace.
Northzone, Spotify
$40M - Series C Jan 2016
BlueVine (2013, Redwood City, $113M)
Online invoice factoring company
Rakuten, Menlo Ventures
$40M - Series C Dec 2015
loanDepot (2010, Foothill Ranch, $72M)
Online platform for consumer loans.
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201734
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (3/15)
LATE STAGE
$40M - Series C Aug 2017
Prodigy Finance (2007, London, $53.7M)
Online platform for community loans for
international business school students.
Index Ventures
$37.5M - Series C Jul 2016
CommonBond (2011, Brooklyn, $179M)
Online lending platform for education loans.
Victory Park Capital, Neuberger Berman
$35M - Series D Jul 2016
NeoGrowth (2010, Mumbai, $46.5M)
Working capital lending platform
India Infoline Asset Management
$34M - Series C Sep 2016
Smava (2006, Berlin, $66.4M)
A comparison platform of consumer credit products
Verdane Capital, Runa Capital, Mojo Capital
LATE STAGE
$32.5M - Series D Mar 2017
Upstart (2012, Palo Alto, $85.7M)
An online lending platform.
Third Point Ventures
$30M - Series D Oct 2017
BankBazaar (2008, Chennai, $110M)
Loan comparison platform
Experian
$30M - Series D Mar 2016
Swift Capital (2006, Wilmington, $98.8M)
Provides merchant cash advance
Third Point Ventures, Khosla Ventures, First Round
Capital
$30M - Series C Nov 2016
Ygrene Energy Fund (2009, Santa Rosa, $185M)
Offers clean energy financing solutions
New Energy Capital
LATE STAGE
$30M - Series C Apr 2017
College Ave (2014, Wilmington, $50M)
Student loans marketplace
Leading Edge Ventures
$29.5M - Series C Mar 2016
Future Finance (2013, Dublin, $58.2M)
Lending platform for Education Loans
QED Investors, The Blackstone Group, Ridge Road
Partners, Fenway Summer Ventures, One Zero
Capital
$28M - Series C Mar 2016
Ezbob (2011, London, $86.9M)
Online lender for business loans.
Leumi Partners
$28M - Series C Sep 2017
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
Cross Creek Advisors, Danhua Capital, Bow Capital
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201735
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (4/15)
LATE STAGE
$27.7M - Series C Aug 2017
Neyber (2014, London, $181M)
Offers loans to employees which are repaid through
salary deduction
Wadhawan Global Capita
$27.1M - Series C Oct 2016
Iwoca (2011, London, $58.5M)
Online lending platform for small businesses.
Prime Ventures
$27M - Series C Aug 2016
Behalf (2011, Raanana, $156M)
Lending platform for SMBs
Viola Group
$25M - Series C Oct 2017
Lendingkart (2014, Ahmedabad, $66.2M)
Online platform that provides working capital for
SMBs in India
IFMR Capital, Capital First, Manappuram Finance
$25M - Series C Apr 2016
SocietyOne (2011, Sydney, $54.5M)
Online personal P2P unsecured loans
LATE STAGE
$22.5M - PE May 2016
iBorrow (2002, Los Angeles, $22.5M)
Commercial real estate financing platform.
$20M - Series C Aug 2017
Orchard (2013, New York City, $64.7M)
Technology and infrastructure provider for
marketplace lending.
$20M - Series C Oct 2016
Lendio (2011, South Jordan, $51M)
Loans marketplace for SMBs
Comcast Ventures, Stereo Capital
$13.1M - Series C Aug 2017
Vyze (2008, Austin, $48.1M)
B2C marketplace for financing solutions at PoS.
Fathom Capital
$11M - Series C Mar 2016
Kreditech (2012, Hamburg, $281M)
Personal lending based on big data points
IFC
LATE STAGE
$10.6M - Series C Dec 2016
Kreditech (2012, Hamburg, $281M)
Personal lending based on big data points
Rakuten
$8M - Series C Jul 2017
LendKey Technologies (2007, New York City,
$33M)
Student & Home improvement loans online by local
community lenders
North Atlantic Capital
$5.9M - Series C Apr 2016
Borro (2008, London, $75.7M)
Alternative lending platform for asset backed loans.
PE Aug 2017
Insikt (2012, San Francisco, $23.4M)
White label platform for online lending
LEAP Global Partners
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201736
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (5/15)
LATE STAGE
Series D Jun 2016
Klarna (2005, Stockholm, $336M)
Provides purchase financing and late payment
options.
FJ Labs
Series D Jan 2017
NeoGrowth (2010, Mumbai, $46.5M)
Working capital lending platform
Series D Feb 2016
Auxmoney (2007, Dusseldorf, $28M)
Online lending platform for P2P loans.
SevenVentures
Series C Jun 2017
LendUp (2012, San Francisco, $212M)
Payday loans direct lender
PayPal
Series C Apr 2016
BlueVine (2013, Redwood City, $113M)
Online invoice factoring company
Citi
LATE STAGE
Series C Jun 2016
Fundbox (2012, Tel Aviv, $108M)
Invoice Financing for SMEs
FJ Labs
Series C Jul 2017
Iwoca (2011, London, $58.5M)
Online lending platform for small businesses.
Intesa Sanpaolo
Series C Jul 2016
ZestFinance (2009, Los Angeles, $54M)
Machine Learning technologies to give lenders a
better understanding of risk
Baidu
Series C Jun 2016
Insikt (2012, San Francisco, $23.4M)
White label platform for online lending
EARLY STAGE
$150M - Series B Jan 2016
LendUp (2012, San Francisco, $212M)
Payday loans direct lender
Susa Ventures, Eagle Cliff Partners
$126M - Series B Aug 2017
Bread Finance (2014, New York City, $140M)
Online lending platform for purchase financing.
Menlo Ventures, Victory Park Capital
$103M - Series A Oct 2017
Finova Financial (2015, San Francisco, $155M)
Direct lender for car title loans
$70M - Series B Sep 2017
Braavo (2015, New York City, $70M)
Revenue-based financing platform for mobile app
developers
Mark 2 Capital
$60M - Series A Dec 2015
MoneyPlace (2014, Melbourne, $60M)
Online platform for unsecured consumer and
personal loans
Auswide Bank
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201737
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (6/15)
EARLY STAGE
$60M - Series A Apr 2017
Upgrade (2016, San Francisco, $60M)
Online platform for personal loans with credit
monitoring services
Union Square Ventures, Ribbit Capital, Vy Capital,
Silicon Valley Bank, CreditEase, Noah Holdings,
Sands Capital Management, UpRising
$53M - Series B Oct 2017
SalaryFinance (2015, London, $63.4M)
Online lending platform for employer loans.
Legal & General, Blenheim Chalcot
$50M - Series B Sep 2016
GreenSky (2006, Atlanta, $410M)
Purchase finance provider
Fifth Third Bancorp
$50M - Series B Jul 2017
MoneyMax (2013, Makati, $50M)
Financial comparison platform in Philippines
IFC, H&Q Asia Pacific, Goldman Sachs, Nova
Founders Capital, ACE and Company, Route 66
Ventures
EARLY STAGE
$40M - Series B Aug 2017
Juvo (2014, San Francisco, $59.3M)
Mobile usage behavior based credit scoring to
facilitate financial inclusion
New Enterprise Associates, SignalFire
$35M - Series A Dec 2016
BillFront (2014, London, $36.3M)
Online lending platform for media companies and
app developers
NIBC, 4Finance
$34.2M - Series B Feb 2016
SpotCap (2013, Berlin, $117M)
Alternate lending platform providing credit lines to
businesses.
Finstar Financial Group
$31.3M - Series B Jun 2017
AfforditNOW (2012, Altrincham, $31.3M)
Purchase financing solution provider at online and
offline points of sale
EARLY STAGE
$30M - Series B Mar 2016
Ygrene Energy Fund (2009, Santa Rosa, $185M)
Offers clean energy financing solutions
$30M - Series B Feb 2017
Tala (2012, Los Angeles, $41.5M)
Micro loans for consumers based on smartphone
data
IVP, Ribbit Capital
$30M - Series B Feb 2016
MoneyMe (2013, Sydney, $31M)
Lending Platform for Payday loans
$30M - Series A Jun 2016
Better Mortgage (2014, New York City, $45M)
Alternative lender for Mortgage loans and refinance
Goldman Sachs, IA Ventures, One Zero Capital
$30M - Series A Mar 2016
Figtree Financing (2010, San Diego, $30M)
PACE financing provider for property owners.
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201738
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (7/15)
EARLY STAGE
$27M - Series B Aug 2016
Clara (2000, San Francisco, $27M)
Online lending platform for home financing.
Redpoint Ventures, Venrock
$25.8M - Series B Oct 2017
SpotCap (2013, Berlin, $117M)
Alternate lending platform providing credit lines to
businesses.
$25M - Series B May 2016
Capital Float (2013, Bangalore, $86M)
Online lending platform for small businesses
Creation Investments
$25M - Series B Sep 2016
Nav (2012, San Mateo, $45M)
Business credit monitoring and financing
Experian
$25M - Series A May 2017
Neighborly (2011, Kansas City, $30.5M)
Community investment marketplace
Abstract Ventures, Govtech Fund, Stanford
University, FinTech Collective, Sound Ventures
EARLY STAGE
$24.4M - Series B Mar 2016
LendInvest (2013, London, $58.6M)
P2P Lending for Mortgages
Atomico
$23.9M - Series B Sep 2017
Habito (2015, London, $35M)
Online mortgage broker.
Atomico
$22.7M - Series B Mar 2017
Creamfinance (2012, Warsaw, $30M)
Short Term Personal Loans
Capitec Bank
$22.5M - Series A Dec 2016
Moneylion (2013, New York City, $25.5M)
Online unsecured personal loans and personal
finance management
Edison Partners, FinTech Collective, Broadhaven
Capital Partners, Montage Ventures, Clocktower
Technology Ventures
EARLY STAGE
$22.5M - Series A Apr 2016
Splitit (2009, New York City, $22.5M)
Purchase financing
$20.6M - Series B Jun 2016
ZIPMONEY (2013, Sydney, $21.6M)
Online payments and consumer finance lending for
eCommerce and retail
$20.4M - Series B Apr 2017
Fleximize (2013, Ipswich, $20.4M)
UK based business lending
Hadrians Wall Capital
$20M - Series B Jun 2016
Lendingkart (2014, Ahmedabad, $66.2M)
Online platform that provides working capital for
SMBs in India
Bertelsmann India Investments
$20M - Series B Feb 2016
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
Union Square Ventures
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201739
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (8/15)
EARLY STAGE
$20M - Series B Jan 2016
College Ave (2014, Wilmington, $50M)
Student loans marketplace
Comcast Ventures, Dw Investments, Fenway
Summer Ventures
$20M - Series B Jun 2016
Pearl Capital (2006, New York City, $27.1M)
Platform to connect small business borrowers with
Independent Sales Organization (ISO) network for
funds.
Arena Investors
$20M - Series B Jun 2016
Bizfi (2005, New York City, $20M)
Credit product aggregator
$19.2M - Series B Feb 2017
Prospa (2012, Sydney, $60M)
Online lending platform for unsecured business
loans.
EARLY STAGE
$17M - Series A May 2016
AutoFi (2015, San Francisco, $29.5M)
Point of sale solution for financing a vehicle online
Ford
$16.7M - Series B May 2017
RateSetter (2010, London, $55M)
Online lending platform for P2P loans.
$15.8M - Series B Oct 2017
Compeon (2012, Emsdetten, $18.6M)
Comparison platform for business financial products
$15.8M - Series B May 2016
SpotCap (2013, Berlin, $117M)
Alternate lending platform providing credit lines to
businesses.
$15M - Series B Feb 2017
Better Mortgage (2014, New York City, $45M)
Alternative lender for Mortgage loans and refinance
Pine Brook Partners, KPCB
EARLY STAGE
$15M - Series A May 2016
Tally App (2015, San Francisco, $17M)
Credit Card management app
Shasta Ventures, Silicon Valley Bank
$15M - Series A Jul 2016
Wishfin (2008, Noida, $15.2M)
Loan comparison platform
Franklin Templeton India
$14M - Series A Sep 2016
Juvo (2014, San Francisco, $59.3M)
Mobile usage behavior based credit scoring to
facilitate financial inclusion
Wing Venture Capital, Seed—Resolute, Freestyle
Capital
$13.5M - Series B Apr 2016
Lendix (2014, Paris, $25.2M)
Online lending platform for SME loans.
CNP Assurances, Zencap Asset Management
$13M - Series B Jun 2016
Vyze (2008, Austin, $48.1M)
B2C marketplace for financing solutions at PoS.
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201740
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (9/15)
EARLY STAGE
$13M - Series B May 2017
Nav (2012, San Mateo, $45M)
Business credit monitoring and financing
Goldman Sachs, Point72 Ventures, Clocktower
Technology Ventures
$12M - Series A May 2017
Blispay (2014, Baltimore, $29.6M)
A mobile based credit product
FPrime Capital Partners
$10.5M - Series B Sep 2017
Lendingkart (2014, Ahmedabad, $66.2M)
Online platform that provides working capital for
SMBs in India
Sistema
$10.1M - Series B Dec 2016
Indifi (2015, Gurgaon, $15.1M)
SME lending platform
Omidyar Network
EARLY STAGE
$10M - Series B Jun 2017
MoneySmart (2011, Singapore, $12.4M)
Financial products comparison platform
Kakaku.com
$10M - Series A Aug 2017
AutoFi (2015, San Francisco, $29.5M)
Point of sale solution for financing a vehicle online
$10M - Series A Jun 2016
Troo.ly (2014, Palo Alto, $10M)
Provider of trust rating service for peer-to-peer
marketplaces.
Bain Capital Ventures, Milliways Ventures
$9.6M - Series B Jul 2016
MarketInvoice (2010, London, $46.8M)
B2C marketplace for invoice financing
MCI Capital
$9.5M - Series A Jul 2017
Borrowell (2014, Toronto, $21.3M)
Alternative lending platform for personal and
business loans
Portag3 Ventures, White Star Capital
EARLY STAGE
$9.3M - Series B Apr 2017
Neyber (2014, London, $181M)
Offers loans to employees which are repaid through
salary deduction
Police Mutual
$9.2M - Series A Mar 2016
Branch (2014, San Francisco, $10.6M)
Short term lending mobile application.
Andreessen Horowitz
$9.1M - Series A Jul 2016
Exporo (2014, Hamburg, $18M)
Real Estate investment platform.
e.ventures, Holtzbrinck Ventures
$9M - Series A Jun 2017
MoneyTap (2015, Bangalore, $12.3M)
App-based credit line
Sequoia Capital, Prime Venture Partners
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201741
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (10/15)
EARLY STAGE
$8.9M - Series B May 2017
Exporo (2014, Hamburg, $18M)
Real Estate investment platform.
Sunstone
$8.6M - Series A Jan 2016
Neyber (2014, London, $181M)
Offers loans to employees which are repaid through
salary deduction
$8.5M - Series A Jul 2016
PayJoy (2015, California, $17.8M)
Online purchase financing platform.
Union Square Ventures, Draper Nexus, Fenway
Summer Ventures, Core Innovation Capital, Orange
Digital Ventures
$8.4M - Series A Jan 2017
Habito (2015, London, $35M)
Online mortgage broker.
Ribbit Capital, Build Capital
EARLY STAGE
$8M - Series A Apr 2016
Pave (2012, New York City, $313M)
Online lending platform for personal loans.
Maxfield Capital
$7.7M - Series A Oct 2016
Octane Lending (2013, New York City, $12.4M)
Unified loan application platform for Powersports.
Berenson and Company, IA Ventures
$7.5M - Series A Aug 2016
Funding Societies (2015, Singapore, $7.5M)
Online P2P lending platform for SMEs
Sequoia Capital, Alpha JWC Ventures
$6.5M - Series A Dec 2016
Zest Money (2015, Bangalore, $8.5M)
Lending platform for consumers to make
ecommerce purchases
PayUbiz
EARLY STAGE
$6.4M - Series A Feb 2016
Borrowell (2014, Toronto, $21.3M)
Alternative lending platform for personal and
business loans
Power financial, Freycinet Ventures
$6.3M - Series B Aug 2017
Flexiti Financial (2013, Toronto, $14.3M)
POS financing
$6.3M - Series A Oct 2016
Kredx (2015, Bangalore, $7M)
Invoice discounting marketplace
Sequoia Capital
$6M - Series A Sep 2017
PayJoy (2015, California, $17.8M)
Online purchase financing platform.
Santander InnoVentures, ITOCHU Corporation
$5.5M - Series A Sep 2017
dv01 (2014, New York City, $20M)
Analytics firm that evaluates loans listed on P2P
lending platforms.
OCA Ventures
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201742
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (11/15)
EARLY STAGE
$5.4M - Series A Jun 2017
FinMkt (2011, New York City, $7.3M)
Technology solutions enabling marketplace lending
Seraph Group, Vectr Ventures, ManchesterStory
Group
$5.3M - Series A Mar 2016
Juvo (2014, San Francisco, $59.3M)
Mobile usage behavior based credit scoring to
facilitate financial inclusion
$5M - Series B Sep 2017
CreditVidya (2012, Mumbai, $7.2M)
Alternate credit scoring platform
Matrix Partners India
$5M - Series A Nov 2016
Flexiti Financial (2013, Toronto, $14.3M)
POS financing
Globalive Capital
$5M - Series A Jul 2017
Aire (2014, London, $8.4M)
Company offering credit scores to individuals using
machine learning algorithms.
EARLY STAGE
$4.7M - Series A Feb 2016
Landbay (2013, London, $11.4M)
P2P lending platform for residential mortgage
investments.
$4.1M - Series A Jan 2017
Octane Lending (2013, New York City, $12.4M)
Unified loan application platform for Powersports.
Third Prime Capital, Contour Venture Partners,
FinTech Collective, FundersClub
$4M - Series A May 2017
EarlySalary (2015, Pune, $5.5M)
NBFC linked lending platform for consumer loans
IDG Ventures India, Deewan Housing Finance
Corporation, Vistra
$4M - Series A Dec 2016
IndiaLends (2014, Delhi, $5.3M)
Web-based personal loans marketplace
American Express, AdvantEdge
EARLY STAGE
$4M - Series A Jul 2017
Vayana Network (2009, Pune, $4M)
Invoice financing platform
Jungle Ventures, IDG Ventures India
$3.9M - Series A Jul 2016
Lending Works (2012, London, $9.6M)
Online P2P lending platform for personal loans and
investments.
NVM Private Equity
$3.8M - Series A Oct 2016
Bezahlt (2016, Berlin, $9.7M)
Online Invoice financing platform
German Startups Group
$3.3M - Series A Feb 2017
EVEN Financial (2014, New York City, $6.1M)
Supply side platform for marketplace lending
$3.3M - Series B Mar 2017
SunFunder (2012, San Francisco, $6.3M)
Crowdfunding for solar projects
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201743
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (12/15)
EARLY STAGE
$3.3M - Series A Aug 2016
Zuto (2006, Macclesfield, $15M)
Online service provider for auto finance
Barclays
$3.1M - Series A Aug 2017
Landbay (2013, London, $11.4M)
P2P lending platform for residential mortgage
investments.
$3M - Series B Apr 2017
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
$3M - Series A Mar 2017
Rubique (2014, Mumbai, $7M)
Online marketplace for financial products
$3M - Series A Jun 2017
Moneylion (2013, New York City, $25.5M)
Online unsecured personal loans and personal
finance management
EARLY STAGE
$2.8M - Series A Sep 2016
Unilend (2013, Paris, $11.2M)
P2P lending platform for business loans
NewAlpha
$2.5M - Series A Nov 2016
Blackmoon Financial Group (2014, Nicosia,
$3.5M)
Securitization of Marketplace loans
Target Global
$2M - Series B May 2016
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
$2M - Series A Oct 2016
Aire (2014, London, $8.4M)
Company offering credit scores to individuals using
machine learning algorithms.
White Star Capital, Sunstone
$2M - Series A Jun 2016
CreditVidya (2012, Mumbai, $7.2M)
Alternate credit scoring platform
Kalaari Capital
EARLY STAGE
$2M - Series A Oct 2017
SlicePay (2015, Bangalore, $2.5M)
EMI based purchase loans for students
Simile Venture Partners
$1.7M - Series B Oct 2016
Realty Mogul (2012, Los Angeles, $46.7M)
Online real estate equity and debt based
crowdfunding platform.
$1.5M - Series B Aug 2017
RealtyShares (2013, Mountain View, $65.8M)
Crowdfunding for Real Estate
$1.5M - Series A Aug 2016
Faircent (2013, Delhi, $1.8M)
P2P lending marketplace
Brand Capital
$1.2M - Series A Apr 2016
Modalku (2016, Jakarta, $1.2M)
Marketplace for business loans
Alpha JWC Ventures
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201744
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (13/15)
EARLY STAGE
$1.1M - Series A Jul 2016
ClimbCredit (2014, New York City, $3.1M)
Offers student financing
$391k - Series A Sep 2016
Rubique (2014, Mumbai, $7M)
Online marketplace for financial products
Series A Sep 2016
FastPay (2009, Beverly Hills, $15M)
Working capital solutions for digital media
businesses.
Citi Ventures
Series A Apr 2016
Aire (2014, London, $8.4M)
Company offering credit scores to individuals using
machine learning algorithms.
Accion
Series A Sep 2017
Cloud Lending (2012, Bangalore, $8.1M)
Cloud based management platforms for lending
institutions.
ABN AMRO Bank
EARLY STAGE
Series A Feb 2017
Cloud Lending (2012, Bangalore, $8.1M)
Cloud based management platforms for lending
institutions.
Cota Capital
Series A Aug 2017
Simpl (2014, Mumbai, $2.6M)
Credit amount to buy online and pay later with
registered merchants
SF Capital Group
Series A May 2016
Faircent (2013, Delhi, $1.8M)
P2P lending marketplace
JM Financial
SEED STAGE
$52.5M - Seed Aug 2016
Finova Financial (2015, San Francisco, $155M)
Direct lender for car title loans
MHS Capital, Coventure, Refactor Capital, Compound
$12.8M - Seed Mar 2016
Blispay (2014, Baltimore, $29.6M)
A mobile based credit product
FirstMark, Accomplice, TriplePoint Capital, New
Enterprise Associates
$7.5M - Seed Jun 2016
dv01 (2014, New York City, $20M)
Analytics firm that evaluates loans listed on P2P
lending platforms.
Leucadia National, Pivot Investment Partners
$5.9M - Seed Jan 2017
Bezahlt (2016, Berlin, $9.7M)
Online Invoice financing platform
Redalpine, DN Capital
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201745
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (14/15)
SEED STAGE
$5.4M - Seed Oct 2016
Finrise (2015, San Mateo, $5.4M)
Offers healthcare financing
NFX Guild, Mayfield, Western Technology
Investment
$5M - Seed Mar 2016
dv01 (2014, New York City, $20M)
Analytics firm that evaluates loans listed on P2P
lending platforms.
Jefferies
$3.8M - Angel Apr 2017
CASHe (2016, Mumbai, $3.8M)
Short term personal loan platform
$3.6M - Seed Dec 2016
Blispay (2014, Baltimore, $29.6M)
A mobile based credit product
$2.3M - Seed Dec 2015
PayJoy (2015, California, $17.8M)
Online purchase financing platform.
Red Swan Ventures, Compound
SEED STAGE
$2.3M - Seed Apr 2016
Liwwa (2013, Amman, $2.3M)
Peer-to-peer investments in small businesses
$2.2M - Seed Apr 2016
Habito (2015, London, $35M)
Online mortgage broker.
Mosaic Ventures, Revolution
$2.2M - Seed Feb 2016
Mintos (2014, Riga, $2.2M)
An online marketplace lending platform.
Skillion Ventures
$2M - Angel Jun 2016
ePayLater (2016, Mumbai, $2M)
Checkout platform offering pay later option to users
$1.6M - Seed May 2016
Propellr (2013, New York City, $1.6M)
An online platform for investing in alternative
investment assets.
SEED STAGE
$1.3M - Equity Crowdfunding Jun 2016
FundedByMe (2010, Stockholm, $2.9M)
Online equity-based and loan-based crowdfunding
platform.
FundedByMe
$1.3M - Seed Nov 2016
Simpl (2014, Mumbai, $2.6M)
Credit amount to buy online and pay later with
registered merchants
$1.2M - Angel Feb 2017
Bitbond (2013, Berlin, $2.1M)
P2P lending platform for small businesses
$1M - Seed Dec 2015
PayJoy (2015, California, $17.8M)
Online purchase financing platform.
$1M - Seed Apr 2017
Patch Homes (2016, San Francisco, $1.1M)
Home equity financing at 0% interest and 0 EMI
Kima Ventures
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201746
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months (15/15)
SEED STAGE
$750k - Seed Apr 2016
Kredx (2015, Bangalore, $7M)
Invoice discounting marketplace
Prime Venture Partners
$500k - Seed Feb 2016
SlicePay (2015, Bangalore, $2.5M)
EMI based purchase loans for students
TracxnLabs, Blume Ventures
$166k - Seed Dec 2015
Wishfin (2008, Noida, $15.2M)
Loan comparison platform
Sherpalo Ventures, Venture Highway
$120k - Seed Sep 2016
Patch Homes (2016, San Francisco, $1.1M)
Home equity financing at 0% interest and 0 EMI
Techstars
Seed May 2017
Bitbond (2013, Berlin, $2.1M)
P2P lending platform for small businesses
Obotritia Capital
SEED STAGE
Angel Mar 2016
SwitchMe (2012, Mumbai)
Home loan switching platform
Singapore Angel Network, 3one4 Capital
Seed Feb 2016
SwitchMe (2012, Mumbai)
Home loan switching platform
500 Startups
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201747
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Notable Investments in last 24 months in China
Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017
Notable Investments in last 24 months in China
LATE STAGE
$1.5B - PE Apr 2017
YiXin Capital (Daikuan) (2015, Beijing, $2.4B)
Online platform for automobile financing
Agricultural Bank of China
$550M - PE Aug 2016
YiXin Capital (Daikuan) (2015, Beijing, $2.4B)
Online platform for automobile financing
Baidu
$449M - Series F Jun 2016
Qudian (2014, Beijing, $929M)
Online microloan / installment plan provider for e-
commerce purchases
$263M - Series D May 2017
Tuandaiwang (2012, Dongguan, $369M)
P2P lending and investment platform
wangadaizhijia, China Minsheng Investment
$235M - Series D Jun 2016
Fenqile (2013, Beijing, $345M)
Online microloan e-commerce
LATE STAGE
$220M - Series D Aug 2017
Dianrong (2012, Shanghai, $439M)
China's P2P Leading Platform
GIC, China Minsheng Investment, Simone Investment
Managers
$152M - Series C May 2016
Weidai (2011, Hangzhou, $192M)
P2P Lending platform in China
Vision Knight Capital
$118M - Series C Jul 2017
Dashu Finance (2014, Shenzhen, $210M)
Online platform offering loans to consumersand
SMEs
Primavera Capital Group, China Everbright
$72.8M - Series D Mar 2017
P Omni Prime (2014, Shanghai, $138M)
Mobile based purchase finance solution
Jingdong Group, Hony Capital
LATE STAGE
$72.3M - Series C Nov 2016
QuantGroup (2014, Beijing, $75.8M)
Online financial services including credit-based
consumption and IOUs
$71M - Series C Sep 2016
Firstp2p (2013, Beijing, $122M)
P2P lending platform for SMEs
$67.8M - Series C Mar 2017
Daixiaomi (2013, Beijing, $95.9M)
Online B2C marketplace lending platform for
consumers and SMEs
Sinovation Ventures
$67M - Series C Mar 2017
YongQingBao (2013, Beijing, $90.7M)
AI based personal loans platform for consumers to
take short term loans
Cash Capital, Source Code Capital
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Most Active Investors (VC, PE) by Stage in Alternative Lending; Last 5 years (Dec 2012-Dec 2017)
Most Active VC & PE Investors
48
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Alternative Lending > Investment Trends > Most Active VC & PE Investors
SEED STAGE
East Ventures(4 Investments)
Cermati, MoolahSense, Cicil.co
1
FJ Labs (4 Investments)
Insikt, AutoFi, Moni
2
Village Capital(4 Investments)
mPower Financing, Student Loan Genius, Fig Loans
3
Access Ventures(3 Investments)
Student Loan Genius, Fig Loans, Quotanda
4
Alpha JWC Ventures (3 Investments)
UangTeman, Kredivo, FinAccel
5
Brooklyn Bridge Ventures (3 Investments)
Orchard, EVEN Financial, Petal
6
Collaborative Fund (3 Investments)
Earnest, Tala, Camino Financial
7
DN Capital(3 Investments)
Bezahlt, Divido, Finiata
8
Fenway Summer Ventures(3 Investments)
SelfScore, PeerIQ, Lendable
9
Kapor Capital (3 Investments)
Bolstr, LendStreet, Student Loan Genius
10
EARLY STAGE
QED Investors (8 Investments)
LendUp, Nubank, Fundera
1
Sequoia Capital (7 Investments)
BankBazaar, Capital Float, MoneyTap
2
Blumberg Capital(5 Investments)
Kreditech, Fundbox, Zibby
3
SF Capital Group (5 Investments)
Patch of Land, DriverUp, Lenda
4
Fenway Summer Ventures(4 Investments)
College Ave, PayJoy, StreetShares
5
FinTech Collective(4 Investments)
Octane Lending, Moneylion, Neighborly
6
Holtzbrinck Ventures(4 Investments)
SpotCap, Exporo, Compeon
7
Jungle Ventures(4 Investments)
Milaap, PaySense, iMoney Group
8
Khosla Ventures(4 Investments)
Affirm, Upstart, Fundera
9
MissionOG (4 Investments)
Behalf, Zibby, DemystData
10
LATE STAGE
DST Global (4 Investments)
Funding Circle, Lending Club, GreenSky
1
IVP (4 Investments)
Social Finance, Prosper, OnDeck
2
QED Investors (3 Investments)
GreenSky, Future Finance, CAN Capital
3
Runa Capital (3 Investments)
Zopa, Smava, Lendio
4
Third Point Ventures(3 Investments)
Social Finance, Upstart, Swift Capital
5
DFJ (2 Investments)
Avant, Renovate America
6
Eurazeo(2 Investments)
PRÊT D'UNION, Younited Credit
7
First Round Capital (2 Investments)
LendingHome, Swift Capital
8
FJ Labs (2 Investments)
Klarna, Fundbox
9
Founders Fund (2 Investments)
Affirm, Nubank
10
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201749
Alternative Lending > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Alternative Lending; Last 5 years (Dec 2012-Dec 2017)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(20 Investments)
RealtyShares, Konfío, Finova Financial
1
Y Combinator(16 Investments)
Legalist, AlphaFlow, RedCarpetUp
2
Techstars(12 Investments)
Realty Mogul, Self Lender, Wunder
3
Plug and Play Tech Center(9 Investments)
Lending Club, Credit Sesame, RevolutionCredit
4
Speedinvest(7 Investments)
Cashpresso, Tradico, FinCompare
5
Kejora(6 Investments)
Crowdo, MoneyTable, CekAja
6
Barclays Accelerator(4 Investments)
Aire, NoviCap, INuka Pap
7
Boost VC(4 Investments)
The Sun Exchange, Loanbase, Blossom Finance
8
H2 Ventures(4 Investments)
LoanDolphin, Valiant, Edstart
9
MetaProp NYC(4 Investments)
RealtyShares, Lenda, AlphaFlow
10
OTHER NOTABLE INVESTORS
Victory Park Capital(20 Investments)
Kabbage, LendUp, CommonBond
1
Accion(18 Investments)
Konfío, RevolutionCredit, Aire
2
Ribbit Capital(11 Investments)
Funding Circle, Avant, LendingHome
3
Startupbootcamp(11 Investments)
Storm, FriendlyScore, investUP
4
GLI Finance(9 Investments)
Funding Options, Finexkap, Liftforward
5
Goldman Sachs(9 Investments)
Nav, MoneyMax, Nubank
6
IFC(7 Investments)
MoneyMax, Kreditech, Konfío
7
FundersClub(6 Investments)
Octane Lending, BTCJam, AlphaFlow
8
Seedrs(6 Investments)
Assetz Capital, Landbay, Flender
9
Jefferies(5 Investments)
Affirm, Avant, Bond Street
10
DEBT INVESTORS
Western Technology Investment(14
Investments)
Global Analytics, Juvo, Behalf
1
Kreos Capital(7 Investments)
Wonga, BlueVine, Smava
2
Silicon Valley Bank(7 Investments)
Affirm, NerdWallet, BlueVine
3
IFMR Trust(4 Investments)
Capital Float, Lendingkart, EarlySalary
4
British Business Bank(2 Investments)
RateSetter, MarketInvoice
5
Crystal Financial(2 Investments)
Global Analytics, Easyhome
6
Eastward Capital Partners(2 Investments)
ZestFinance, The Receivables Exchange
7
Honeycomb Investment Trust(2
Investments)
Ezbob, Pay4Later
8
North Atlantic Capital(2 Investments)
LendKey Technologies
9
BEST Funds
Financeit
10
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (3/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (4/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (5/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (6/7)
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Alternative Lending > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (7/7)
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Alternative Lending > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
58
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
Banking Tech
Nov 2017
Insurance Tech
Nov 2017
Mobile Payments
Nov 2017
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December 2017Tracxn BlueBox – Alternative Lending
60
Alternative Lending > Market Details > Bluebox
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Key Sub Sectors
61
Key Sub Sectors in Alternative Lending
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Consumer Loans
Lending platforms which offer loan products for consumers
Lending Club (2006, San Francisco, Public)
Social Finance (2011, San Francisco, $2.1B)
1432 420 $11.1B
Business Loans
Lending platforms which offer loan products to businesses
OnDeck (2007, New York City, Public)
Kabbage (2009, Atlanta, $491M)
916 305 $3.9B
Lead Generation Platforms
Platforms which aggregate loan products from lenders, offer comparison services, and
generate leads for the lenders
Zillow (2005, Seattle, Public)
BankBazaar (2008, Chennai, $110M)
524 146 $1B
Enablers
Fintech companies providing allied services to alternative lenders
Pearl Capital (2006, New York City,
Acquired)
Voyager Labs (2012, Hod Hasharon,
$100M)
160 49 $446M
Investment Platform
Platforms that enable investors to invest money in loans on alternative lending platforms.
Includes platforms offering analytics to investors to identify...
Orchard (2013, New York City, $64.7M)
PeerIQ (2014, New York City, $20.5M)
38 13 $121M
Alternative Lending > Market Details > Key Sub Sectors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Detailed Sector Taxonomy (1/11)
62
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (2/11)
63
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (3/11)
64
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (4/11)
65
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (5/11)
66
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (6/11)
67
Alternative Lending > Market Details > Detailed Sector Taxonomy
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Detailed Sector Taxonomy (7/11)
68
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (8/11)
69
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (9/11)
70
Alternative Lending > Market Details > Detailed Sector Taxonomy
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Detailed Sector Taxonomy (10/11)
71
Alternative Lending > Market Details > Detailed Sector Taxonomy
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Detailed Sector Taxonomy (11/11)
72
Alternative Lending > Market Details > Detailed Sector Taxonomy
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Consumer Loans > Unsecured Personal Loans > P2P Marketplace
Lending platforms which facilitate peer to peer personal borrowing and lending
(Companies covered 236 | Funded 76 | Total Funding $1.8B)
$363M
(-$776M)
48
(-6)
MoneyPlace
(2014, Melbourne, $60M)
2
(+2)
Consumer Loans > Purchase Financing > B2C Marketplace
Lending platforms originating loans for purchases using third party sources like banks
(Companies covered 71 | Funded 38 | Total Funding $1.3B)
$442M
(-$281M)
35
(+16)
Bread Finance
(2014, New York City, $140M)
3
(-1)
Consumer Loans > Unsecured Personal Loans > Direct Lender
Lending platforms providing personal loans on their own balance sheet
(Companies covered 216 | Funded 52 | Total Funding $1.4B)
$368M
(-$585M)
23
(-10)
Kreditech
(2012, Hamburg, $281M)
4
(+3)
Business Loans > Working Capital > Unsecured Loans > Direct Lender
Lending platforms providing unsecured workng capital loans on their own balance sheet
(Companies covered 43 | Funded 20 | Total Funding $623M)
$285M
(+$32.8M)
19
(+6)
Capital Float
(2013, Bangalore, $86M)
5
(+3)
Consumer Loans > Purchase Financing > Direct Lender
Lending platforms which provide purchase financing on their own balance sheet
(Companies covered 80 | Funded 40 | Total Funding $634M)
$205M
(+$13.3M)
25
(+11)
Klarna
(2005, Stockholm, $336M)
6
(-3)
Business Loans > Term Loans > P2B Marketplace
Lending platforms which facilitate peer to peer borrowing and lending for business term loans
(Companies covered 203 | Funded 61 | Total Funding $526M)
$189M
(-$69.9M)
39
(+4)
Funding Circle
(2010, London, $375M)
7
(+7)
Consumer Loans > Unsecured Personal Loans > B2C Marketplace
Lending platforms originating personal loans through third party sources like banks
(Companies covered 101 | Funded 28 | Total Funding $250M)
$179M
(+$147M)
27
(+15)
Upgrade
(2016, San Francisco, $60M)
73
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/4)
Top Markets by Funding in Alternative Lending in last 2 years (December 2015 - November 2017)
Alternative Lending > Market Details > Top Markets of Investment Activity
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Top Markets of Investment Activity (2/4)
Alternative Lending > Market Details > Top Markets of Investment Activity
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Top Markets of Investment Activity (3/4)
Alternative Lending > Market Details > Top Markets of Investment Activity
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Top Markets of Investment Activity (4/4)
Alternative Lending > Market Details > Top Markets of Investment Activity
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Rank Market # Investments Key Investments
1
Consumer Loans > Mortgage Loans > Direct Lender
Lending platforms providing mortgage loans on their own balance sheet
(Companies created 32 | Funded 14 | Total Funding $186M )
2
Clara (2000, San Francisco, $27M)
Better Mortgage (2014, New York City,
$45M)
2
Consumer Loans > Micro Loans > Direct Lender
Lending platforms providing micro loans on their own balance sheet
(Companies created 15 | Funded 5 | Total Funding $55.1M )
2
Tala (2012, Los Angeles, $41.5M)
Branch (2014, San Francisco, $10.6M)
3
Business Loans > Working Capital > Invoice Financing > B2B Marketplace
Lending platforms that tie up with third-party lenders for invoice financing. Lenders include financial
institutions and banks
(Companies created 58 | Funded 24 | Total Funding $119M )
2
Kredx (2015, Bangalore, $7M)
Numberz (2015, Bangalore, $3.9M)
4
Enablers > Credit Scoring > Individuals > Mobile Usage Data
Fintech companies building alternative credit scores for individuals using their telco data i.e. recharge
history, calls, bill payment history, sms etc.
(Companies created 5 | Funded 3 | Total Funding $73.3M )
1 Juvo (2014, San Francisco, $59.3M)
5
Consumer Loans > Personal Lines of Credit > B2C Marketplace
Lending platforms that tie up with third-party lenders for personal lines of credit. Lenders include financial
institutions and banks
(Companies created 4 | Funded 2 | Total Funding $19.9M )
1 MoneyTap (2015, Bangalore, $12.3M)
6
Consumer Loans > Mortgage Loans > P2P Marketplace
Lending platforms which facilitate peer to peer borrowing and lending for mortgage loans
(Companies created 21 | Funded 6 | Total Funding $33.3M )
1 PeerStreet (2013, Los Angeles, $21.1M)
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
77
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (December 2015 - November 2017)
Alternative Lending > Market Details > Top Markets of Early Stage Investors
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Top Markets of Early Stage Investors (2/2)
Alternative Lending > Market Details > Top Markets of Early Stage Investors
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Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Business Loans > Working Capital > Unsecured Loans > B2B
Marketplace
Lending platforms that tie up with third-party lenders for financing/origination of
unsecured working capital loans. Lenders include financial institutions and banks
(Companies covered 34 | Funded 13 | Total Funding $648M)
12 $260M
(+$260M)
6
(+6)
Kabbage
(2009, Atlanta, $491M)
2
Lead Generation Platforms > Horizontal
Lead generation platforms which aggregate loan products for consumers as well as
businesses
(Companies covered 115 | Funded 28 | Total Funding $172M)
43 $19.6M
(+$19.6M)
10
(+10)
souqalmal.com
(2012, Dubai, $11.2M)
3
Consumer Loans > Mortgage Loans > B2C Marketplace
Lending platforms that tie up with third-party lenders for financing/origination of
mortgage loans. Lenders include financial institutions and banks
(Companies covered 28 | Funded 10 | Total Funding $25M)
12 $25M
(+$25M)
8
(+8)
Uno
(2015, Surry Hills, $16.5M)
4
Investment Platform
Platforms that enable investors to invest money in loans on alternative lending
platforms. Includes platforms offering analytics to investors to identify suitable…
(Companies covered 28 | Funded 8 | Total Funding $79.7M)
16 $30.5M
(+$30.5M)
7
(+7)
Orchard
(2013, New York City,
$64.7M)
5
Consumer Loans > Mortgage Loans > P2P Marketplace
Lending platforms which facilitate peer to peer borrowing and lending for mortgage
loans
(Companies covered 21 | Funded 6 | Total Funding $33.3M)
11 $23.6M
(+$23.6M)
6
(+6)
PeerStreet
(2013, Los Angeles,
$21.1M)
79
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Alternative Lending in last 2 years (December 2015 - November 2017)
Alternative Lending > Market Details > Other Notable Markets
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Incubators 500 Startups (#2), NXTP Labs (#1)
Seed Kima Ventures (#1), New Enterprise Associates (#1)
Series A/B Benchmark Capital (#2), Collaborative Fund (#2)
Series C+ BlackRock (#2), Eurazeo (#2)
Lending Club Dec - 2014
IPO'd on NYSE
FriendsClear Dec - 2010
IPO'd on EURONEXT
DirectMoney Mar - 1989
IPO'd on ASX
$206k - Seed
Welendus (2015, London, $352k)
$538k - Seed
LendenClub (2014, Mumbai, $764k)
Seed
Credifiable (2016, Bangalore)
$10.5M - Series A
RateSetter Australia (2014, Sydney,
$25.5M)
$50M - Series G
Prosper (2005, San Francisco, $410M)
$47.8M - Series D
Younited Credit (2009, Paris, $95.1M)
$4.3M - Series A
LendStreet (2010, Sunnyvale, $10M)
Seed
Worthy (2016, Boca Raton)
Series B
Afluenta (2008, Buenos Aires, $10M)
$1.1M - Seed
BillionLoans (2016, Bangalore, $1.1M)
Nov 2017
BioCoin and RCN Have Combined Efforts to Assist Green
Businesses Worldwide, Coinspeaker
Nov 2017
P2P Lender Lendable Signs £300 Million Loan Deal With
Castle Trust, Crowdfund Insider
Nov 2017 Swiss Fintech Goes Germany, finews.com
Nov 2017 Lendable hits £100m lending landmark, P2PFinanceNews
Nov 2017
Prosper Reports Third Quarter Growth; Closes $1.5 Billion of
Securitizations in 2017, Business Wire
Nov 2017 Ripio Credit Network Token Sale Reaches $37M, FinSMEs
Oct 2017
Clix Capital partners Airtel, Seynse Tech for mobile
financing, Business Standard
Oct 2017
Lending platform Lenden Club gets Rs 3.5cr in Equity
Investment, Indiatimes
Oct 2017
Q4 2017 Earnings Forecast for LendingClub Corporation
(LC) Issued By Craig Hallum, Good StockInvest
Oct 2017
Zopa is 'pretty close to finishing' building its new bank,
Business Insider
Oct 2017
Lendable raises $6.5m series A round to launch its services
in Tanzania, Rwanda, TechMoran
Sep 2017
Consumer lending startup CrediFiable raises seed funding
from Kae Capital, BizTech Post
Sep 2017
Online Lender Prosper Has Lost 70 Percent Of Its Value,
PYMNTS
News
0
5
10
15
20
25
30
35
$0k
$200M
$400M
$600M
$800M
$1.B
2013 2014 2015 2016 2017
YoY Funding Rounds
3
17
39
76
236
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Market Factsheet
Market: P2P Marketplace
80
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Lending platforms which facilitate
peer to peer personal borrowing
and lending
Prosper
(2005, San Francisco, $410M)
Pave
(2012, New York City, $313M)
Harmoney
(2013, Auckland, $210M)
Zopa
(2005, London, $103M)
Younited Credit
(2009, Paris, $95.1M)
Top Companies
#1 Top Markets of Investment Activity
Alternative Lending > Market Details > Market: P2P Marketplace
Companies Created 236 | Funded 76 | Total Funding $1.8B
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Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Top Companies
Market: P2P Marketplace (1/2)
Alternative Lending > Market Details > Market: P2P Marketplace
#1 Top Markets of Investment Activity
Analyst’s Pick
Prosper (2005, San Francisco, $410M)
P2P Lending Marketplace
Soonicorn. Stage: Series G
FinEX Asia, Credit Suisse, J.P. Morgan and 29 Other
Investors
Pave (2012, New York City, $313M)
Online lending platform for personal loans.
Soonicorn. Stage: Series A
Maxfield Capital, RPM Ventures, Seer Capital, C4
Ventures
Harmoney (2013, Auckland, $210M)
Online P2P lending platform.
Soonicorn. Stage: Series A
P2P Global Investments PLC, Trade Me, NZX
Market, Heartland
Lending Club (2006, San Francisco, $162M)
P2P online lending marketplace
Unicorn. Stage: Public
Hanwha Life, T. Rowe Price, Wellington
Management and 32 Other Investors
Analyst’s Pick
Zopa (2005, London, $103M)
Online P2P lending marketplace.
Soonicorn. Stage: Series F
Northzone, iZettle, Spotify and 13 Other Investors
Upstart (2012, Palo Alto, $85.7M)
An online lending platform.
Soonicorn. Stage: Series D
Third Point Ventures, Khosla Ventures, First Round
Capital and 13 Other Investors
RateSetter (2010, London, $55M)
Online lending platform for P2P loans.
Soonicorn. Stage: Series B
Woodford Investment Management, Artemis,
British Business Bank, Incubate Limited
Pret D'Union(2009, Issy-les-moulineaux,
$52.4M)
Online platform for P2P lending.
Soonicorn. Stage: Series D
Eurazeo, Credit Mutuel Arkea, Schibsted Media
Group and 3 Other Investors
Analyst’s Pick
Auxmoney (2007, Dusseldorf, $28M)
Online lending platform for P2P loans.
Soonicorn. Stage: Series D
SevenVentures, Index Ventures, Union Square
Ventures and 5 Other Investors
Lendico (2013, Berlin, $22.4M)
An online P2P lending marketplace.
Minicorn. Stage: Series A
Holtzbrinck Ventures, Access Industries, Rocket
Internet
Lending Works (2012, London, $9.6M)
Online P2P lending platform for personal loans and
investments.
Minicorn. Stage: Series A
NVM Private Equity
Faircent (2013, Delhi, $1.8M)
P2P lending marketplace
Minicorn. Stage: Series A
Brand Capital, Aarin Capital, JM Financial and 7
Other Investors
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201782
Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Top Companies
Market: P2P Marketplace (2/2)
Alternative Lending > Market Details > Market: P2P Marketplace
#1 Top Markets of Investment Activity
Analyst’s Pick
PeopleFund (2015, Seoul, $1.3M)
Online P2P lending platform backed by a bank
Editor's Pick. Stage: Seed
500 Startups, Yello Financial Group, D3Jubilee
LendenClub (2014, Mumbai, $764k)
Online marketplace for P2P lending
Editor's Pick. Stage: Seed
Venture Catalysts, Anirudh Damani, Artha India
Ventures
iLend (2012, Hyderabad, $135k)
P2P marketplace for personal loans
Editor's Pick. Stage: Seed
50k Ventures, Angaros Group, Angel Investment
Network, Brand Capital
HuyDong (2015, Ho Chi Minh City, $25k)
P2P lending platform for personal loans
Editor's Pick. Stage: Unfunded
Credifiable (2016, Bangalore)
Peer to peer lending platform for personal loans
Editor's Pick. Stage: Seed
Kae Capital
Analyst’s Pick
Credy (2016, Bangalore)
P2P marketplace for unsecured personal loans
Editor's Pick. Stage: Seed
Y Combinator, Khosla Ventures, Vy Capital
Lending Crowd (2014, Auckland)
Peer to peer personal, auto and small business
loans platform
Editor's Pick. Stage: Unfunded
Loan Singh (2015, Dona Paula)
P2P platform for unsecured consumer loans
Editor's Pick. Stage: Funded
LoanMeet (2015, Bangalore)
P2P lending platform
Editor's Pick. Stage: Seed
Madhusudan E
MPokket (2016, Kolkata)
Online unsecured P2P personal loans
Editor's Pick. Stage: Unfunded
Pareto (2015, Bangalore)
Social circle-based P2P lending platform
Editor's Pick. Stage: Unfunded
Analyst’s Pick
WeTrust (2016, San Francisco)
Lending and insurance platform leveraging
Ethereum blockchain.
Editor's Pick. Stage: Unfunded
Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017
Incubators
500 Startups (#2), Entrepreneurs Roundtable Accelerator
(#1)
Seed Jungle Ventures (#2), GMO Venture Partners (#2)
Series A/B Victory Park Capital (#2), StarVest Partners (#2)
Series C+ Founders Fund (#1), Silicon Valley Bank (#1)
Paypal Credit Oct - 2008
Acq by PayPal for $945M
$8M - Series A
KrazyBee (2016, Bangalore, $13M)
$2M - Series A
SlicePay (2015, Bangalore, $2.5M)
Series A
FinAccel (2015, Singapore)
Series A
Kredivo (2015, Bangkok)
$10.4M - Series A
Kissht (2015, Mumbai, $12.4M)
Series A
Simpl (2014, Mumbai, $2.6M)
$13.1M - Series C
Vyze (2008, Austin, $48.1M)
$126M - Series B
Bread Finance (2014, New York City,
$140M)
$2M - Series A
Kissht (2015, Mumbai, $12.4M)
$13.5M - Series B
Zibby (2012, New York City, $36M)
$12M - Series A
Blispay (2014, Baltimore, $29.6M)
Nov 2017 KrazyBee looks to expand in Tamil Nadu, Indiatimes
Nov 2017
LaterPay Launches First AMP-Enabled Paywall and
Subscription Platform , PRWeb
Nov 2017
Adorama Partners With Vyze to Debut New Consumer
Financing Program, Business Wire
Nov 2017
Xiaomi partners with Zest Money to offer Cardless EMI
Payments on Mi.com , PC
Nov 2017
Fintech startup Kissht secures $10 Mn from China's Fosun
International, Entrackr
Nov 2017
Zayas joins Zibby at pivotal time in growth strategy, Press
Release Jet
Oct 2017
London Fintech Divido Announces Germany Expansion,
Crowdfund Insider
Oct 2017
LILY Partners with Affirm to Offer Drone Buyers Pay Over
Time Options, PR Newswire
Oct 2017 SlicePay raises Series A round, FundingSMEs
Oct 2017
Xiaomi India partners with ZestMoney for cardless EMI,
Business Standard
Oct 2017
Captain's Log, Oct 4: FinAccel raises Series A, Khazanah
National Entrepreneurship Outreach launches, E27
Oct 2017 Connecting Asia's startup ecosystem, Tech in Asia
Oct 2017
Catering To Ecommerce Consumers In Indonesia, Fintech
Startup Kredivo Raises Series A Funding From Jungle
Ventures, Others, Inc42
Sep 2017 Etihad Airways partners with PayFort, Gulf News
News
0
5
10
15
20
25
$0k
$100M
$200M
$300M
$400M
$500M
2013 2014 2015 2016 2017
YoY Funding Rounds
1
3
19
38
71
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Consumer Loans > Purchase Financing > B2C Marketplace: Market Factsheet
Market: B2C Marketplace
83
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Lending platforms originating
loans for purchases using third
party sources like banks
Affirm
(2012, San Francisco, $420M)
GreenSky
(2006, Atlanta, $410M)
Bread Finance
(2014, New York City, $140M)
Paypal Credit
(2000, Lutherville-timonium, $100M)
Financeit
(2007, Toronto, $49.4M)
Top Companies
#2 Top Markets of Investment Activity
Alternative Lending > Market Details > Market: B2C Marketplace
Companies Created 71 | Funded 38 | Total Funding $1.3B
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Tracxn - Alternative Lending Startup Landscape

  • 2. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 2 TAKE SHARPER DECISIONS WITH TRACXN ✓ Analyst team Covering 250+ Sectors ✓ Proprietary Business Model tagging ✓ 6000+ On-demand Queries answered ✓ Sector Reports, Market Maps ✓ One-Click Connect with Founders Join 500+ Investors & Corporates to get the Tracxn Advantage
  • 3. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 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
  • 4. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on December 4, 2017. Alternative Lending Feed Summary 4 Alternative Lending > Feed Summary Online lending platforms and companies that enable online lending. • Inclusions: The lending companies which operate through an online platform with little/no physical presence for loan servicing/operations, are not backed, operationally, by a traditional/brick & mortar financial institution and use alternative data points for credit scoring. The feed also includes platforms enabling alternative lending (credit scoring, aggregators, white-label platforms). • Exclusions: Aggregators catering to offline financial institutions, lending softwares, dynamic discounting. • Excludes funding information of Chinese companies Feed in Numbers Overview $16.6B Funding 34 Mega Companies 9333070 FundedCovered on Tracxn 7 Unicorns 44 Soonicorns 93 Minicorns 21 IPO’d Cos 400 Late Stage Cos 98 13 Acquisitions 171 DeadPooled 68 Acquihired Series A+ Cos Social Finance (2011, San Francisco, $2.1B) Kabbage (2009, ,Atlanta $491M) Lending Club (2016, San Francisco, $162M) Top Companies
  • 5. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Investment Trend Summary Summary of Funding Activity in Alternative Lending 5 $500M - Series F Social Finance (2011, San Francisco, $2.1B) $132M - Series C Neyber (2014, London, $181M) $300M - PE Pave (2012, New York City, $313M) $126M - Series B Bread Finance (2014, New York City, $140M) $250M - Series F Kabbage (2009, Atlanta, $491M) $120M - Series C Kreditech (2012, Hamburg, $281M) $220M - Series C Mosaic (2011, Oakland, $247M) $105M - Series G Social Finance (2011, San Francisco, $2.1B) $150M - Series B LendUp (2012, San Francisco, $212M) $103M - Series A Finova Financial (2015, San Francisco, $155M) Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend *YTD *YTD Alternative Lending > Feed Summary > Investment Trend Summary Seed East Ventures (#4), FJ Labs (#4), Village Capital (#4) Series A/B QED Investors (#8), Sequoia Capital (#7), Blumberg Capital (#5) Series C+ DST Global (#4), IVP (#4), QED Investors (#3) Incubators 500 Startups (#20) Y Combinator (#16) Techstars (#12) Other Notable Investors Victory Park Capital (#20), Accion (#18), Ribbit Capital (#11) Debt Investors Western Technology Investment (#14), Kreos Capital (#7), Silicon Valley Bank (#7) Most Active InvestorsRecent Investments 249 359 489 607 396 102 2012 2013 2014 2015 2016 2017* Y-o-Y # of Companies Founded 73 127 226 311 313 266 $474M $762M $2.1B $5.3B $2.8B $3.3B 2012 2013 2014 2015 2016 2017* $ Funding # Rounds $10.8B $3.2B $656M $395M $385M US Europe India Australia Israel $ Funding
  • 6. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Summary of exit outlook in Alternative Lending Exit Outlook Summary 66 Most Active AcquirersTop Investors in Exits DST Global 4 GreenSky (2006, Atlanta, $410M) Funding Circle (2010, London, $375M) QED Investors 4 Social Finance (2011, San Francisco, $2.1B) Avant (2012, Chicago, $655M) IVP 3 Social Finance (2011, San Francisco, $2.1B) Klarna (2005, Stockholm, $336M) Thomvest Ventures 3 Social Finance (2011, San Francisco, $2.1B) Kabbage (2009, Atlanta, $491M) FJ Labs 3 Klarna (2005, Stockholm, $336M) Lending Club (2006, San Francisco, $162M) Nov 2017 Earnest Acq by Navient for $155M Oct 2017 Swift Financial Acq by PayPal for $183M Dec 2016 MoneyPark Acq by Helvetia for $104M Apr 2012 Advance America Acq by Grupo Elektra for $780M Oct 2008 Paypal Credit Acq by PayPal for $945M Oct 2006 ACE Cash Express Acq by JLL Partners for $455M May 2005 LowerMyBills Acq by Experian for $330M Alternative Lending > Feed Summary > Exit Outlook Summary PayPal 2 Paypal Credit (Oct 2008, $945M), Swift Financial (Oct 2017, $183M) Goldman Sachs 1 Meilleurtaux (Dec 2016) Dun & Bradstreet 1 LiveCapital (Jul 2005, $17.2M) Experian 1 LowerMyBills (May 2005, $330M) JLL Partners 1 ACE Cash Express (Oct 2006, $455M) Recent IPOs Top Acquisitions OnDeck Dec 2014 Online platform for business loans. IPO MCap: $1.3B Current MCap: $361M Lending Club Dec 2014 P2P online lending marketplace IPO MCap: $5.4B Current MCap: $1.8B Enova Oct 2014 Provides online financial services to alt… IPO MCap: - Current MCap: $480M IOU Financial Mar 2014 Working capital loan provider to small bu… IPO MCap: - Current MCap: $7.9M Elevate Apr 2017 Provides online credit solutions to consu… IPO MCap: $276M Current MCap: $299M CoAssets May 2016 Real estate crowdfunding platform IPO MCap: $52.7M Current MCap: $14.6M Mogo.ca Jun 2015 Online lending and debt management compan… IPO MCap: $146M Current MCap: $87.1M Ferratum Group Jun 2015 Online/mobile based short term loans prov… IPO MCap: $415M Current MCap: $658M
  • 7. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 CONSUMER LOANS PayDay Loans LendUp (2012, San Francisco, $211.5M) Education Loans Social Finance (2011, San Francisco, $2.12B) Unsecured Personal Loans Lending Club (2006, San Francisco, IPO) Micro Loans Tala (2012, Los Angeles, $41.5M) Employer Loans Neyber (2014, London, $181.2M) Green Financing Mosaic (2011, Oakland, $247M) $11.1B BUSINESS LOANS Mortgage Loans LendingHome (2013, San Francisco, $166M) Term Loans Funding Circle (2010, London, $375M) $3.9B December 2017Tracxn BlueBox – Alternative Lending 3050+ companies in the sector, 733 funded in last 5 years, $6.6B invested in last 2 Years Most Active Investors: Sequoia Capital, QED Investors, 500 Startups, Victory Park Capital, Accion Asset Backed Loans Borro (2008, London, $75.67M) Purchase Financing Affirm (2012, San Francisco, $420M) Mortgage Loans loanDepot (2010, Foothill Ranch, $71.95M) Credit Builder Loans Oportun (2005, Menlo Park, $221.09M) Credit Card Debt Refinancing Payoff (2009, Long Beach, $71.12M) Auto Loans Oodle Finance (2016, Oxford, $74.87M) LEAD GENERATION PLATFORMS Nav (2012, San Mateo, $45M) $1B INVESTMENT PLATFORM Orchard (2013, New York City, $64.7M) $121M Project Loans Neighborly (2011, Kansas City, $30.5M) Franchise Loans ApplePie Capital (2014, San Francisco, $26.35M) Working Capital Unsecured Loans Kabbage (2009, Atlanta, $490.81M) Merchant Cash Advance Swift Capital (2006, Wilmington, $98.75M) Invoice Financing BlueVine (2013, Redwood City, $113M) Discounting Fundbox (2012, Tel Aviv, $107.5M) ENABLERS Credit Scoring ZestFinance (2009, Los Angeles, $54M) Lending-as-a-service Think Finance (2001, Fort Worth, $60M) $446M 7 Alternative Lending > Feed Summary > Bluebox Cumulative funding in the marketFunding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies For any Feedback and Query reach out to MyAnalyst@tracxn.com
  • 8. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Key Sub Sectors in Alternative Lending Sector Summary of Key Markets 8 Other Notable Markets # Cos on Platform Last 2 Years $ Invested # Round Business Loans > Working Capital > Unsecured Loans > B2B Marketplace 34 $260M 6 Top Markets of Investment Activity # Cos on Platform Last 2 Years $ Invested # Round Consumer Loans > Unsecured Personal Loans > P2P Marketplace 236 $363M 48 Consumer Loans > Purchase Financing > B2C Marketplace 71 $442M 35 Consumer Loans > Unsecured Personal Loans > Direct Lender 216 $368M 23 Business Loans > Working Capital > Unsecured Loans > Direct Lender 43 $285M 19 Consumer Loans > Purchase Financing > Direct Lender 80 $205M 25 Business Loans > Term Loans > P2B Marketplace 203 $189M 39 Consumer Loans > Unsecured Personal Loans > B2C Marketplace 101 $179M 27 Business Loans > Mortgage Loans > P2B Marketplace 75 $189M 19 Sub Sectors # Cos Tracked # Funded Total Funding Consumer Loans Lending platforms which offer loan products for consumers 1432 420 $11.1B Business Loans Lending platforms which offer loan products to businesses 916 305 $3.9B Lead Generation Platforms Platforms which aggregate loan products from lenders, offer comparison services, and... 524 146 $1B Enablers Fintech companies providing allied services to alternative lenders 160 49 $446M Investment Platform Platforms that enable investors to invest money in loans on alternative lending platforms.... 38 13 $121M Alternative Lending > Feed Summary > Summary of Key Markets
  • 9. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies in Alternative Lending Notable Companies in the Sector 9 Note: *(Founded Year, Location, Total Funding) Alternative Lending > Feed Summary > Notable Companies in the Sector Public Zillow (2005, Seattle, $87M)* OnDeck (2007, New York City, $174M) Lending Club (2006, San Francisco, $162M) FlexShopper (2006, Boca Raton, $10M) Afterpay (2014, Melbourne, $8M) Mogo.ca (2006, Vancouver, $3.9M) CoAssets (2013, Singapore, $736k) FriendsClear (2007, Paris, $637k) DirectMoney (2006, Balmain, $98k) Elevate (2014, Fort Worth) Public Experian MicroAnalytics (1992, Monaco) Enova (2003, Chicago) Ferratum Group (2005, Helsinki) International Personal Finance (2007, Leeds) IOU Financial (2006, Kennesaw) LendingTree (1996, Charlotte) Money3 (2006, Bundoora) MoneySuperMarket (1993, Ewloe) Mortgage Choice Aust (1994, Sydney) Public Tungsten Network (2000, London) Ulusal Factoring (2001, Istanbul) Acquired Paypal Credit (2000, Lutherville-timonium, $100M) Advance America (1997, Greenville) ACE Cash Express (1968, Irving) LowerMyBills (1999, Santa Monica, $11M) Swift Financial (2004, Wilmington, $65.3M) Earnest (2013, San Francisco, $107M) MoneyPark (2011, Wollerau) Unicorns Social Finance (2011, San Francisco, $2.1B) Avant (2012, Chicago, $655M) Kabbage (2009, Atlanta, $491M) GreenSky (2006, Atlanta, $410M) Funding Circle (2010, London, $375M) Klarna (2005, Stockholm, $336M)
  • 10.
  • 11. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (1/11) 11 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Unsecured Personal Loans Avant (2012, Chicago, $655M) Online lending platform Unicorn. Stage: Series E Origin Ventures, JPMorgan Chase & Co., August Capital and 17 Other Investors Prosper (2005, San Francisco, $410M) P2P Lending Marketplace Soonicorn. Stage: Series G FinEX Asia, Credit Suisse, J.P. Morgan and 29 Other Investors Pave (2012, New York City, $313M) Online lending platform for personal loans. Soonicorn. Stage: Series A Maxfield Capital, RPM Ventures, Seer Capital and 1 Other Investors Kreditech (2012, Hamburg, $281M) Personal lending based on big data points Soonicorn. Stage: Series C Naspers, Rakuten, IFC and 11 Other Investors Unsecured Personal Loans Harmoney (2013, Auckland, $210M) Online P2P lending platform. Soonicorn. Stage: Series A P2P Global Investments PLC, Trade Me, NZX Market and 1 Other Investors Lending Club (2006, San Francisco, $162M) P2P online lending marketplace Unicorn. Stage: Public Hanwha Life, T. Rowe Price, Wellington Management and 32 Other Investors Zopa (2005, London, $103M) Online P2P lending marketplace. Soonicorn. Stage: Series F Northzone, iZettle, Spotify and 13 Other Investors Upstart (2012, Palo Alto, $85.7M) An online lending platform. Soonicorn. Stage: Series D Third Point Ventures, Khosla Ventures, First Round Capital and 13 Other Investors Unsecured Personal Loans RateSetter (2010, London, $55M) Online lending platform for P2P loans. Soonicorn. Stage: Series B Woodford Investment Management, Artemis, British Business Bank and 1 Other Investors Pret D'Union(2009, Issy-les-moulineaux, $52.4M) Online platform for P2P lending. Soonicorn. Stage: Series D Eurazeo, Credit Mutuel Arkea, Schibsted Media Group and 3 Other Investors Auxmoney (2007, Dusseldorf, $28M) Online lending platform for P2P loans. Soonicorn. Stage: Series D SevenVentures, Index Ventures, Union Square Ventures and 5 Other Investors
  • 12. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (2/11) 12 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Unsecured Personal Loans Mogo.ca (2006, Vancouver, $3.9M) Online lending and debt management company Stage: Public Difference Capital Financial, Fortress Investment, Innovation Grade and 2 Other Investors FriendsClear (2007, Paris, $637k) peer-to-peer lending Stage: Public DirectMoney (2006, Balmain, $98k) Online lending platform for personal loans and small business loans Stage: Public 255 Finance 4Finance (2008, Riga) Online unsecured personal loans' direct lender Soonicorn. Stage: Funded Marcus (2017, Salt Lake City) Online platform for unsecured personal loans Soonicorn. Stage: Unfunded Unsecured Personal Loans Elevate (2014, Fort Worth) Provides online credit solutions to consumers. Editor's Pick. Stage: Public Victory Park Capital, Sequoia Capital, Technology Crossover Ventures and 1 Other Investors Enova (2003, Chicago) Provides online financial services to alternative credit consumers. Stage: Public Ferratum Group (2005, Helsinki) Online/mobile based short term loans provider Stage: Public Pontos Group International Personal Finance (2007, Leeds) Lending platform that offers consumer loans and offline home credits Stage: Public Unsecured Personal Loans Money3 (2006, Bundoora) Personal Loan Provider Stage: Public
  • 13. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (3/11) 13 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Purchase Financing Affirm (2012, San Francisco, $420M) Online lending platform for purchase financing Soonicorn. Stage: Series D Morgan Stanley, Founders Fund, Andreessen Horowitz and 6 Other Investors GreenSky (2006, Atlanta, $410M) Purchase finance provider Unicorn. Stage: Series B Fifth Third Bancorp, TPG, DST Global and 2 Other Investors Klarna (2005, Stockholm, $336M) Provides purchase financing and late payment options. Unicorn. Stage: Series D Creandum, FJ Labs, Sequoia Capital and 10 Other Investors Purchase Financing Paypal Credit (2000, Lutherville-timonium, $100M) Provides purchase financing options to consumers. Soonicorn. Stage: Acquired Amazon, Azure Capital Partners, Crosspoint Venture Partners and 3 Other Investors FlexShopper (2006, Boca Raton, $10M) Lease-to-own payment and financing option provider. Stage: Public Waterfall Asset Management, Middlemarch Partners Afterpay (2014, Melbourne, $8M) Purchase finance provider in Australia and New Zealand Stage: Public Allectus Capital Auto Loans DriverUp (2015, Austin, $70M) Online marketplace for auto loans Soonicorn. Stage: Series B SF Capital Group, RRE Ventures, Emerald Development Managers
  • 14. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (4/11) 14 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Education Loans Social Finance (2011, San Francisco, $2.1B) Educational loans marketplace Unicorn. Stage: Series G Silver Lake, SoftBank Group, GPI Capital and 20 Other Investors CommonBond (2011, Brooklyn, $179M) Online lending platform for education loans. Soonicorn. Stage: Series C August Capital, Tribeca Venture Partners, Social Capital and 8 Other Investors Earnest (2013, San Francisco, $107M) Direct lender for student loan refinancing and personal loans Soonicorn. Stage: Acquired Battery Ventures, Adams Street Partners, Maveron and 15 Other Investors Green Financing Mosaic (2011, Oakland, $247M) Residential solar financing provider Soonicorn. Stage: Series C Deutsche Bank, Warburg Pincus, Core Innovation Capital and 7 Other Investors Renovate America (1999, San Diego, $170M) Provider of financing programs for water and energy efficient home improvements Soonicorn. Stage: Series E Bank of America, DFJ, Silver Lake and 6 Other Investors Renew Financial (2008, Oakland, $125M) Financing solutions for renewable energy projects Soonicorn. Stage: Series D Morgan Stanley, Barclays, Angeleno Group and 5 Other Investors PayDay Loans LendUp (2012, San Francisco, $212M) Payday loans direct lender Soonicorn. Stage: Series C PayPal, Victory Park Capital, Y Combinator and 15 Other Investors Advance America (1997, Greenville) Online and store-based payday, installment and title loans Stage: Acquired ACE Cash Express (1968, Irving) Online payday, cash advance & other short term loans. Stage: Acquired JPMorgan Chase & Co., Wells Fargo, Bank of America and 4 Other Investors
  • 15. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (5/11) 15 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Mortgage Loans loanDepot (2010, Foothill Ranch, $72M) Online platform for consumer loans. Soonicorn. Stage: Series C Parthenon Personal Lines of Credit Nubank (2013, Sao Paulo, $178M) MasterCard flagged credit card with a mobile app Soonicorn. Stage: Series D DST Global, Sequoia Capital, Tiger Global Management and 5 Other Investors Credit Builder Loans Oportun (2005, Menlo Park, $221M) Credit building unsecured personal loans for underbanked Hispanics. Soonicorn. Stage: Series G IVP, Fidelity Investments, Greylock Partners and 11 Other Investors
  • 16. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (6/11) 16 Alternative Lending > Feed Summary > Notable Companies by Market Consumer Loans Employer Loans Neyber (2014, London, $181M) Offers loans to employees which are repaid through salary deduction Soonicorn. Stage: Series C Goldman Sachs, Henry Ritchotte, Gael de Boissard and 2 Other Investors Business Loans Working Capital Kabbage (2009, Atlanta, $491M) Working capital financing for small businesses. Unicorn. Stage: Series F SoftBank Group, Reverence Capital Partners, ING and 20 Other Investors Behalf (2011, Raanana, $156M) Lending platform for SMBs Soonicorn. Stage: Series C Viola Group, Sequoia Capital, Spark Capital and 6 Other Investors SpotCap (2013, Berlin, $117M) Alternate lending platform providing credit lines to businesses. Soonicorn. Stage: Series B Heartland, Holtzbrinck Ventures, Finstar Financial Group and 3 Other Investors Working Capital BlueVine (2013, Redwood City, $113M) Online invoice factoring company Soonicorn. Stage: Series D Silicon Valley Bank, Suntrust Banks, Bank Leumi and 10 Other Investors Fundbox (2012, Tel Aviv, $108M) Invoice Financing for SMEs Soonicorn. Stage: Series C FJ Labs, Spark Capital, Bezos Expeditions and 10 Other Investors Capital Float (2013, Bangalore, $86M) Online lending platform for small businesses Soonicorn. Stage: Series C Ribbit Capital, SAIF Partners, Sequoia Capital and 5 Other Investors
  • 17. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (7/11) 17 Alternative Lending > Feed Summary > Notable Companies by Market Business Loans Working Capital Lendingkart (2014, Ahmedabad, $66.2M) Online platform that provides working capital for SMBs in India Soonicorn. Stage: Series C IFMR Capital, Capital First, Manappuram Finance and 11 Other Investors Swift Financial (2004, Wilmington, $65.3M) Working capital financing provider to small businesses Stage: Acquired Sutter Hill Ventures, Village Ventures, Permit Capital CAN Capital (1998, New York City, $63M) Working capital loans for small businesses. Soonicorn. Stage: Series D Wells Fargo, Morgan Stanley, Barclays and 13 Other Investors Working Capital Prospa (2012, Sydney, $60M) Online lending platform for unsecured business loans. Soonicorn. Stage: Series B AirTree Ventures, The Carlyle Group, Ironbridge Equity Partners and 2 Other Investors NeoGrowth (2010, Mumbai, $46.5M) Working capital lending platform Soonicorn. Stage: Series D Omidyar Network, Aspada Investments, Khosla Impact and 12 Other Investors IOU Financial (2006, Kennesaw) Working capital loan provider to small businesses. Stage: Public Fintech Ventures Fund Tungsten Network (2000, London) e-invoicing, invoice financing and analytics company Stage: Public Working Capital Ulusal Factoring (2001, Istanbul) Factoring company for SMEs. Stage: Public
  • 18. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (8/11) 18 Alternative Lending > Feed Summary > Notable Companies by Market Business Loans Term Loans Funding Circle (2010, London, $375M) P2P lending marketplace for small businesses Unicorn. Stage: Series F Accel Partners, Baillie Gifford, DST Global and 8 Other Investors OnDeck (2007, New York City, $174M) Online platform for business loans. Stage: Public Credit Suisse, IVP, RRE Ventures and 17 Other Investors Ezbob (2011, London, $86.9M) Online lender for business loans. Soonicorn. Stage: Series C Shawbrook Bank, Honeycomb Investment Trust, Leumi Partners and 1 Other Investors Mortgage Loans LendingHome (2013, San Francisco, $166M) Alternative lending and investment platform for mortgages. Soonicorn. Stage: Series C Sberbank, Noah Holdings, Cowboy Ventures and 7 Other Investors RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate Soonicorn. Stage: Series C Cross Creek Advisors, Danhua Capital, Barry Sternlicht and 7 Other Investors LendInvest (2013, London, $58.6M) P2P Lending for Mortgages Soonicorn. Stage: Series B Macquarie Group, Atomico, Kunlun Mortgage Loans Realty Mogul (2012, Los Angeles, $46.7M) Online real estate equity and debt based crowdfunding platform. Soonicorn. Stage: Series B Sorenson Capital, Canaan Partners, Microsoft Ventures and 8 Other Investors
  • 19. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (9/11) 19 Alternative Lending > Feed Summary > Notable Companies by Market Business Loans Project Loans CoAssets (2013, Singapore, $736k) Real estate crowdfunding platform Stage: Public Expara, MDA Singapore Enablers Credit Scoring Voyager Labs (2012, Hod Hasharon, $100M) Cloud-based social media analytics solution Soonicorn. Stage: Funded Horizons Ventures ZestFinance (2009, Los Angeles, $54M) Machine Learning technologies to give lenders a better understanding of risk Soonicorn. Stage: Series C Baidu, Fortress Investment, Eastward Capital Partners and 11 Other Investors Experian MicroAnalytics (1992, Monaco) Alternative data-based credit scoring unit of Experian Stage: Public Lead Generation Platforms Consumer Loans BankBazaar (2008, Chennai, $110M) Loan comparison platform Soonicorn. Stage: Series D Experian, Amazon, Sequoia Capital and 2 Other Investors Zillow (2005, Seattle, $87M) Real Estate Marketplace Editor's Pick. Stage: Public Legg Mason, Benchmark Capital, Technology Crossover Ventures and 2 Other Investors LowerMyBills (1999, Santa Monica, $11M) Comparison Platform for subscription based utility services and financial products. Stage: Acquired St. Paul Venture Capital, Evercore, eCOMPANIES and 2 Other Investors MoneyPark (2011, Wollerau) Advisory platform for financial products Stage: Acquired Tamedia
  • 20. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (10/11) 20 Alternative Lending > Feed Summary > Notable Companies by Market Lead Generation Platforms Consumer Loans Mortgage Choice Aust (1994, Sydney) Financial products comparison platform. Stage: Public Business Loans Biz2Credit (2007, New York City) Multiple solutions provider to the credit needs of small businesses. Soonicorn. Stage: Funded Direct Lending Investments, Nexus Venture Partners Horizontal NerdWallet (2009, San Francisco, $69M) Personalized advise about financial products. Soonicorn. Stage: Series A Camelot Capital, IGlobe Partners, RRE Ventures and 4 Other Investors LendingTree (1996, Charlotte) Loan and other consumer financial product comparison site. Stage: Public MHS Capital, Equifin Capital, Horan MediaTech Advisors MoneySuperMarket (1993, Ewloe) A comparison site for financial products. Stage: Public
  • 21. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies by Market in Alternative Lending Notable Companies by Market (11/11) 21 Alternative Lending > Feed Summary > Notable Companies by Market Investment Platform Investment Platform Orchard (2013, New York City, $64.7M) Technology and infrastructure provider for marketplace lending. Soonicorn. Stage: Series C Thrive Capital, Victory Park Capital, Thomvest Ventures and 8 Other Investors
  • 22. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 List of Notable Companies in Alternative Lending in China Notable Companies in the Sector in China 22 Alternative Lending > Feed Summary > Notable Companies in the Sector in China Public Lufax (2011, Shanghai, $1.7B) Qudian (2014, Beijing, $929M) Yirendai (2012, Beijing, $10M) China Rapid Finance (2001, Shanghai, $105M) Unicorns YiXin Capital (Daikuan) (2015, Beijing, $2.4B) Lufax (2011, Shanghai, $1.7B) JD Finance (2012, Beijing, $1B) Qudian (2014, Beijing, $929M) Jiedaibao (2015, Beijing, $694M) Dianrong (2012, Shanghai, $439M) Tuandaiwang (2012, Dongguan, $369M) Fenqile (2013, Beijing, $345M) Rong360 (2011, Beijing, $255M) Jimubox (2014, Beijing, $131M) Unicorns Firstp2p (2013, Beijing, $122M) China Rapid Finance (2001, Shanghai, $105M) PPDai (2007, Shanghai, $60M) Soonicorns WeLab (2013, Hong Kong, $400M) Dashu Finance (2014, Shenzhen, $210M)
  • 23. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Recent News in Alternative Lending Sector Recent News 23 Alternative Lending > Feed Summary > Recent News Nov 2017 MoneyMe raises A$120m for debt securitisation facility, AltFi Nov 2017 RumbleOn Inc. Announces Strategic Partnership with MotoLease LLC, GlobeNewswire Nov 2017 ForwardLine Financial Appoints Experienced Financial Services Veteran, Steve Carlson, as CEO, PRWeb Nov 2017 KrazyBee looks to expand in Tamil Nadu, Indiatimes Nov 2017 Assetz Capital Announcement: Soon to Launch IFISA Set to Include Manual Lending, Crowdfund Insider Nov 2017 Orange Growth Capital rebrands as Finch Capital, leads €2 million round in Ikbenfrits, Tech.eu Nov 2017 StoreKing Enabling Financial Inclusion in Rural India with Capital Float, Dataquest Nov 2017 IOU Financial Inc. Releases Financial Results for the Three and Nine Month Period Ended September, CNW Nov 2017 Assetz Capital Completes Latest Seedrs Round With More Than £1.6 Million in Funding, Crowdfund Insider Nov 2017 Elevate Credit : RISE Product Surpasses $300 Million in Outstanding Loans, 4-Traders Nov 2017 Upgrade and Corridor Collaborate on Big Data and Credit Analytics, PR Newswire Nov 2017 Auto financial services platform Chedaidai secures Series A+ to integrate wealth management, & more, AllTechAsia Nov 2017 SunTrust Agents $250MM Revolver for LendingTree, ABFJournal Key Recent News Key Recent News Nov 2017 Finch Capital : Announces Two New Investments in Key Geographical Markets, 4-Traders Nov 2017 Flender's lenders throw €400000 towards €2m funding round, Silicon Republic Nov 2017 Ivor Wolk Shares Details About His New Role As YieldStreet’s First General Counsel, Crowdfund Insider Nov 2017 Assetz funds one of P2P sector’s largest loans for student development, P2PFinanceNews Nov 2017 Getbucks Q1 PAT up 66pct , The Source Nov 2017 Paisabazaar.com announces new product category for short term personal loans, newKerala.com Nov 2017 LaterPay Launches First AMP-Enabled Paywall and Subscription Platform , PRWeb Nov 2017 Synpromics Announces Collaboration with UCL to Develop Revolutionary Gene Therapy for Parkinson’s Disease, Business Wire Nov 2017 AmeriCash Loans Launches New Online Application Features: Electronic Transfer and Choose Your Location , PRWeb Nov 2017 Mogo Launches MogoProtect to Help Protect Canadians Against Identity Fraud, CNW Nov 2017 Case-Shiller home price index rises 6.2% in September, CNBC Nov 2017 ICBC Teams Up With JD.com to Offer Digital Banking Services, Bloomberg Nov 2017 BioCoin and RCN Have Combined Efforts to Assist Green Businesses Worldwide, Coinspeaker
  • 24. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 24 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
  • 25. Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Logistics Tech Nov 2017 RealEstate Tech Nov 2017 Test Preparation Nov 2017
  • 26. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 $182M $539M $474M $762M $2.1B $5.3B $2.8B $3.3B 0 50 100 150 200 250 300 350 $0k $1.B $2.B $3.B $4.B $5.B $6.B 2010 2011 2012 2013 2014 2015 2016 2017* $ Funding # Rounds 3 Year CAGR 6 Year CAGR Investments ($M) and number of rounds in Alternative Lending; 2010-2016 Global Funding Trends (1/2) 26 Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies *YTD Alternative Lending > Investment Trends > Global Funding Trends #Rounds $Funding 58% $ Funding 55% $ Funding 40% # of Rounds 35% # of Rounds
  • 27. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 $16M $12M $25M $47M $128M $136M $226M $102M $68M $175M $280M $367M $580M $1.8B $1.2B $1.3B $99M $352M $169M $347M $1.4B $3.4B $1.4B $2.B 2010 2011 2012 2013 2014 2015 2016 2017 YTD Seed Early Stage Late Stage 20 28 38 62 132 161 146 97 15 27 22 47 69 119 127 134 7 8 13 18 25 31 40 35 2010 2011 2012 2013 2014 2015 2016 2017 YTD Seed Early Stage Late Stage 42 266 Total # of Rounds $78M $297M $307M $414M $1.6B $4.6B $2.1B $2.6B 0 5 10 15 20 25 30 35 40 45 50 0 500000000 1E+09 1.5E+09 2E+09 2.5E+09 3E+09 3.5E+09 4E+09 4.5E+09 5E+09 2010 2011 2012 2013 2014 2015 2016 2017 YTD $ Funding # of Rounds 27 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 ClubMega Rounds Global Funding Trends (2/2) Investments ($M) and number of rounds in Alternative Lending; 2010-2016 Alternative Lending > Investment Trends > Global Funding Trends 24 31 37 63 118 159 141 573 $2.2M $2.7M $0.0M $0.5M $1.0M $1.5M $2.0M $2.5M $3.0M $3.5M $4.0M $4.5M $5.0M 0 100 200 300 400 500 600 700 2001-2010 2011 2012 2013 2014 2015 2016 Total Entrants in Funding Club Avg. Ticket Size 3 3 8 11 22 46 46 37 $2.2M $3.1M $1.6M $1.7M $2.9M $4.7M $2.6M $2.7M $182M $3.3B Total $ Invested
  • 28. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201728 Alternative Lending > Investment Trends > Funding Trends by Geography Investments ($M) and number of rounds in Alternative Lending Funding Trends by Geography Funding Trends by Geography Top Cities of Funding City $ Funding # Rounds Bay Area 5.6B 212 London 1.4B 135 New York City 1.3B 112 Atlanta 926M 21 Chicago 676M 22 Stockholm 348M 24 Hamburg 345M 18 Los Angeles 321M 28 Wilmington 289M 17 Mumbai 258M 45 Total Funding 665 414 159 43 18 45 8 67 # Rounds $10.8B $3.2B $656M $395M $385M $294M $217M $155M US Europe India Australia Israel Latam New Zealand SEA Note: Excludes funding information of China companies
  • 29. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201729 Trend of Average Deal Size ($M) $1.4 $0.6 $1.0 $1.0 $1.2 $1.3 $2.2 2010 2011 2012 2013 2014 2015 2016 $4.3 $6.1 $2.9 $8.1 $8.6 $10.1 $7.1 $10.6 $9.8 $28.1 $9.5 $12.4 $37.4 $21.5 $14.1 $50.2 $16.9 $21.7 $65.2 $130.7 $46.1 Alternative Lending > Investment Trends > Median Deal Size and Trend Median and Average Deal Size in $M (per Stage) in Alternative Lending; 2010-2016 Median Deal Size and Trend Note: Excludes funding information of Chinese companies. *Graph not to scale Median Deal Size and Range $5K* $11M $50K $31M $92K $80M $50K $1B $22M $7M $2.8M $0.3M Series C+ Series B Series A Seed Stage
  • 30. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Note: 456 companies with undisclosed funding amount are not included 30 <$1M $1-10M $10-50M $50-100M $100M+ Funding Range 128 261 127 42 37 No. of Companies Alternative Lending > Investment Trends > Distribution of companies by Funding Range No. of companies by funding range in Alternative Lending; as of Dec 2017 Distribution of companies by Funding Range $43M $1.B $2.7B $2.9B $10.B $ Investment
  • 31. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Stage No. of Companies Funding Funnel 100% 30% 13% 6% 3% 31 Note: Numbers in the brackets show the count of companies Time to raise next round 98 175 400 933 3070 Series C+ Series B Series A Funded Founded Next Round 100M+ Valuation Exits Acqui- Hired Dead Pooled Others 30% 2% (76) 1% (28) 2% (74) 5% (161) 62% (1902) 43% 8% (71) 3% (24) 4% (36) 4% (37) 49% (460) 44% 14% (57) 3% (12) 4% (15) 2% (8) 51% (202) 56% 29% (51) 4% (7) 5% (9) 1% (2) 38% (66) - 44% (43) 5% (5) 5% (5) 1% (1) 32% (31) Alternative Lending > Investment Trends > Funding Funnel Number of companies progressing to subsequent funding stages in Alternative Lending Funding Funnel 13 Months 14 Months 15 Months Investment backedBootstrapped 44 7 6 18 1 3 Soonicorns Unicorns Acquisitions IPOs
  • 32. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201732 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (1/15) LATE STAGE $500M - Series F Feb 2017 Social Finance (2011, San Francisco, $2.1B) Educational loans marketplace Silver Lake, GPI Capital $250M - Series F Aug 2017 Kabbage (2009, Atlanta, $491M) Working capital financing for small businesses. SoftBank Group $220M - Series C Aug 2016 Mosaic (2011, Oakland, $247M) Residential solar financing provider Warburg Pincus, Core Innovation Capital $132M - Series C Sep 2017 Neyber (2014, London, $181M) Offers loans to employees which are repaid through salary deduction Goldman Sachs LATE STAGE $120M - Series C May 2017 Kreditech (2012, Hamburg, $281M) Personal lending based on big data points Naspers $105M - Series G Apr 2017 Social Finance (2011, San Francisco, $2.1B) Educational loans marketplace $100M - PE Nov 2016 Voyager Labs (2012, Hod Hasharon, $100M) Cloud-based social media analytics solution Horizons Ventures $100M - Series F Jan 2017 Funding Circle (2010, London, $375M) P2P lending marketplace for small businesses $100M - Series D Apr 2016 Affirm (2012, San Francisco, $420M) Online lending platform for purchase financing Founders Fund LATE STAGE $95M - Series C Dec 2016 Ygrene Energy Fund (2009, Santa Rosa, $185M) Offers clean energy financing solutions Lightyear Capital $81.2M - PE Aug 2016 InCred Finance (2016, Mumbai, $156M) Tech NBFC in SME and consumer lending IDFC, Alpha Capital, Paragon Partners, Bee Finance, Darashaw & Company $80M - Series D Dec 2016 Nubank (2013, Sao Paulo, $178M) MasterCard flagged credit card with a mobile app DST Global $78.3M - Series D Mar 2016 Renew Financial (2008, Oakland, $125M) Financing solutions for renewable energy projects Braemar Energy Ventures $75M - PE Sep 2017 InCred Finance (2016, Mumbai, $156M) Tech NBFC in SME and consumer lending
  • 33. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201733 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (2/15) LATE STAGE $74.9M - PE Feb 2017 Oodle Finance (2016, Oxford, $74.9M) Automotive loan provider KKR $57M - Series C Oct 2017 LendingHome (2013, San Francisco, $166M) Alternative lending and investment platform for mortgages. Sberbank, Noah Holdings $52M - Series C Jan 2016 Nubank (2013, Sao Paulo, $178M) MasterCard flagged credit card with a mobile app Founders Fund $50M - Series G Sep 2017 Prosper (2005, San Francisco, $410M) P2P Lending Marketplace FinEX Asia $49M - Series D Dec 2016 BlueVine (2013, Redwood City, $113M) Online invoice factoring company LATE STAGE $47.8M - Series D Sep 2017 Younited Credit (2009, Paris, $95.1M) Online P2P personal loans Matmut, Zencap Asset Management, Bpifrance $47.5M - Series C Aug 2016 LendUp (2012, San Francisco, $212M) Payday loans direct lender Radicle Impact Partners $46.8M - Series C May 2016 Payoff (2009, Long Beach, $71.1M) Provides loans to pay off credit card debt $46M - Series D Mar 2017 Klarna (2005, Stockholm, $336M) Provides purchase financing and late payment options. Creandum $46M - Series C Apr 2016 FinanzCheck (2010, Hamburg, $83.6M) Online comparison site for personal loans and private financial products HarbourVest Partners, Acton Capital Partners LATE STAGE $45M - Series C Aug 2017 Capital Float (2013, Bangalore, $86M) Online lending platform for small businesses Ribbit Capital $42M - Series E Oct 2017 Credit Sesame (2010, Mountain View, $77M) Personal finance management and price comparison of financial products SF Capital Group $41.1M - Series F Jun 2017 Zopa (2005, London, $103M) Online P2P lending marketplace. Northzone, Spotify $40M - Series C Jan 2016 BlueVine (2013, Redwood City, $113M) Online invoice factoring company Rakuten, Menlo Ventures $40M - Series C Dec 2015 loanDepot (2010, Foothill Ranch, $72M) Online platform for consumer loans.
  • 34. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201734 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (3/15) LATE STAGE $40M - Series C Aug 2017 Prodigy Finance (2007, London, $53.7M) Online platform for community loans for international business school students. Index Ventures $37.5M - Series C Jul 2016 CommonBond (2011, Brooklyn, $179M) Online lending platform for education loans. Victory Park Capital, Neuberger Berman $35M - Series D Jul 2016 NeoGrowth (2010, Mumbai, $46.5M) Working capital lending platform India Infoline Asset Management $34M - Series C Sep 2016 Smava (2006, Berlin, $66.4M) A comparison platform of consumer credit products Verdane Capital, Runa Capital, Mojo Capital LATE STAGE $32.5M - Series D Mar 2017 Upstart (2012, Palo Alto, $85.7M) An online lending platform. Third Point Ventures $30M - Series D Oct 2017 BankBazaar (2008, Chennai, $110M) Loan comparison platform Experian $30M - Series D Mar 2016 Swift Capital (2006, Wilmington, $98.8M) Provides merchant cash advance Third Point Ventures, Khosla Ventures, First Round Capital $30M - Series C Nov 2016 Ygrene Energy Fund (2009, Santa Rosa, $185M) Offers clean energy financing solutions New Energy Capital LATE STAGE $30M - Series C Apr 2017 College Ave (2014, Wilmington, $50M) Student loans marketplace Leading Edge Ventures $29.5M - Series C Mar 2016 Future Finance (2013, Dublin, $58.2M) Lending platform for Education Loans QED Investors, The Blackstone Group, Ridge Road Partners, Fenway Summer Ventures, One Zero Capital $28M - Series C Mar 2016 Ezbob (2011, London, $86.9M) Online lender for business loans. Leumi Partners $28M - Series C Sep 2017 RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate Cross Creek Advisors, Danhua Capital, Bow Capital
  • 35. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201735 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (4/15) LATE STAGE $27.7M - Series C Aug 2017 Neyber (2014, London, $181M) Offers loans to employees which are repaid through salary deduction Wadhawan Global Capita $27.1M - Series C Oct 2016 Iwoca (2011, London, $58.5M) Online lending platform for small businesses. Prime Ventures $27M - Series C Aug 2016 Behalf (2011, Raanana, $156M) Lending platform for SMBs Viola Group $25M - Series C Oct 2017 Lendingkart (2014, Ahmedabad, $66.2M) Online platform that provides working capital for SMBs in India IFMR Capital, Capital First, Manappuram Finance $25M - Series C Apr 2016 SocietyOne (2011, Sydney, $54.5M) Online personal P2P unsecured loans LATE STAGE $22.5M - PE May 2016 iBorrow (2002, Los Angeles, $22.5M) Commercial real estate financing platform. $20M - Series C Aug 2017 Orchard (2013, New York City, $64.7M) Technology and infrastructure provider for marketplace lending. $20M - Series C Oct 2016 Lendio (2011, South Jordan, $51M) Loans marketplace for SMBs Comcast Ventures, Stereo Capital $13.1M - Series C Aug 2017 Vyze (2008, Austin, $48.1M) B2C marketplace for financing solutions at PoS. Fathom Capital $11M - Series C Mar 2016 Kreditech (2012, Hamburg, $281M) Personal lending based on big data points IFC LATE STAGE $10.6M - Series C Dec 2016 Kreditech (2012, Hamburg, $281M) Personal lending based on big data points Rakuten $8M - Series C Jul 2017 LendKey Technologies (2007, New York City, $33M) Student & Home improvement loans online by local community lenders North Atlantic Capital $5.9M - Series C Apr 2016 Borro (2008, London, $75.7M) Alternative lending platform for asset backed loans. PE Aug 2017 Insikt (2012, San Francisco, $23.4M) White label platform for online lending LEAP Global Partners
  • 36. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201736 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (5/15) LATE STAGE Series D Jun 2016 Klarna (2005, Stockholm, $336M) Provides purchase financing and late payment options. FJ Labs Series D Jan 2017 NeoGrowth (2010, Mumbai, $46.5M) Working capital lending platform Series D Feb 2016 Auxmoney (2007, Dusseldorf, $28M) Online lending platform for P2P loans. SevenVentures Series C Jun 2017 LendUp (2012, San Francisco, $212M) Payday loans direct lender PayPal Series C Apr 2016 BlueVine (2013, Redwood City, $113M) Online invoice factoring company Citi LATE STAGE Series C Jun 2016 Fundbox (2012, Tel Aviv, $108M) Invoice Financing for SMEs FJ Labs Series C Jul 2017 Iwoca (2011, London, $58.5M) Online lending platform for small businesses. Intesa Sanpaolo Series C Jul 2016 ZestFinance (2009, Los Angeles, $54M) Machine Learning technologies to give lenders a better understanding of risk Baidu Series C Jun 2016 Insikt (2012, San Francisco, $23.4M) White label platform for online lending EARLY STAGE $150M - Series B Jan 2016 LendUp (2012, San Francisco, $212M) Payday loans direct lender Susa Ventures, Eagle Cliff Partners $126M - Series B Aug 2017 Bread Finance (2014, New York City, $140M) Online lending platform for purchase financing. Menlo Ventures, Victory Park Capital $103M - Series A Oct 2017 Finova Financial (2015, San Francisco, $155M) Direct lender for car title loans $70M - Series B Sep 2017 Braavo (2015, New York City, $70M) Revenue-based financing platform for mobile app developers Mark 2 Capital $60M - Series A Dec 2015 MoneyPlace (2014, Melbourne, $60M) Online platform for unsecured consumer and personal loans Auswide Bank
  • 37. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201737 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (6/15) EARLY STAGE $60M - Series A Apr 2017 Upgrade (2016, San Francisco, $60M) Online platform for personal loans with credit monitoring services Union Square Ventures, Ribbit Capital, Vy Capital, Silicon Valley Bank, CreditEase, Noah Holdings, Sands Capital Management, UpRising $53M - Series B Oct 2017 SalaryFinance (2015, London, $63.4M) Online lending platform for employer loans. Legal & General, Blenheim Chalcot $50M - Series B Sep 2016 GreenSky (2006, Atlanta, $410M) Purchase finance provider Fifth Third Bancorp $50M - Series B Jul 2017 MoneyMax (2013, Makati, $50M) Financial comparison platform in Philippines IFC, H&Q Asia Pacific, Goldman Sachs, Nova Founders Capital, ACE and Company, Route 66 Ventures EARLY STAGE $40M - Series B Aug 2017 Juvo (2014, San Francisco, $59.3M) Mobile usage behavior based credit scoring to facilitate financial inclusion New Enterprise Associates, SignalFire $35M - Series A Dec 2016 BillFront (2014, London, $36.3M) Online lending platform for media companies and app developers NIBC, 4Finance $34.2M - Series B Feb 2016 SpotCap (2013, Berlin, $117M) Alternate lending platform providing credit lines to businesses. Finstar Financial Group $31.3M - Series B Jun 2017 AfforditNOW (2012, Altrincham, $31.3M) Purchase financing solution provider at online and offline points of sale EARLY STAGE $30M - Series B Mar 2016 Ygrene Energy Fund (2009, Santa Rosa, $185M) Offers clean energy financing solutions $30M - Series B Feb 2017 Tala (2012, Los Angeles, $41.5M) Micro loans for consumers based on smartphone data IVP, Ribbit Capital $30M - Series B Feb 2016 MoneyMe (2013, Sydney, $31M) Lending Platform for Payday loans $30M - Series A Jun 2016 Better Mortgage (2014, New York City, $45M) Alternative lender for Mortgage loans and refinance Goldman Sachs, IA Ventures, One Zero Capital $30M - Series A Mar 2016 Figtree Financing (2010, San Diego, $30M) PACE financing provider for property owners.
  • 38. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201738 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (7/15) EARLY STAGE $27M - Series B Aug 2016 Clara (2000, San Francisco, $27M) Online lending platform for home financing. Redpoint Ventures, Venrock $25.8M - Series B Oct 2017 SpotCap (2013, Berlin, $117M) Alternate lending platform providing credit lines to businesses. $25M - Series B May 2016 Capital Float (2013, Bangalore, $86M) Online lending platform for small businesses Creation Investments $25M - Series B Sep 2016 Nav (2012, San Mateo, $45M) Business credit monitoring and financing Experian $25M - Series A May 2017 Neighborly (2011, Kansas City, $30.5M) Community investment marketplace Abstract Ventures, Govtech Fund, Stanford University, FinTech Collective, Sound Ventures EARLY STAGE $24.4M - Series B Mar 2016 LendInvest (2013, London, $58.6M) P2P Lending for Mortgages Atomico $23.9M - Series B Sep 2017 Habito (2015, London, $35M) Online mortgage broker. Atomico $22.7M - Series B Mar 2017 Creamfinance (2012, Warsaw, $30M) Short Term Personal Loans Capitec Bank $22.5M - Series A Dec 2016 Moneylion (2013, New York City, $25.5M) Online unsecured personal loans and personal finance management Edison Partners, FinTech Collective, Broadhaven Capital Partners, Montage Ventures, Clocktower Technology Ventures EARLY STAGE $22.5M - Series A Apr 2016 Splitit (2009, New York City, $22.5M) Purchase financing $20.6M - Series B Jun 2016 ZIPMONEY (2013, Sydney, $21.6M) Online payments and consumer finance lending for eCommerce and retail $20.4M - Series B Apr 2017 Fleximize (2013, Ipswich, $20.4M) UK based business lending Hadrians Wall Capital $20M - Series B Jun 2016 Lendingkart (2014, Ahmedabad, $66.2M) Online platform that provides working capital for SMBs in India Bertelsmann India Investments $20M - Series B Feb 2016 RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate Union Square Ventures
  • 39. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201739 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (8/15) EARLY STAGE $20M - Series B Jan 2016 College Ave (2014, Wilmington, $50M) Student loans marketplace Comcast Ventures, Dw Investments, Fenway Summer Ventures $20M - Series B Jun 2016 Pearl Capital (2006, New York City, $27.1M) Platform to connect small business borrowers with Independent Sales Organization (ISO) network for funds. Arena Investors $20M - Series B Jun 2016 Bizfi (2005, New York City, $20M) Credit product aggregator $19.2M - Series B Feb 2017 Prospa (2012, Sydney, $60M) Online lending platform for unsecured business loans. EARLY STAGE $17M - Series A May 2016 AutoFi (2015, San Francisco, $29.5M) Point of sale solution for financing a vehicle online Ford $16.7M - Series B May 2017 RateSetter (2010, London, $55M) Online lending platform for P2P loans. $15.8M - Series B Oct 2017 Compeon (2012, Emsdetten, $18.6M) Comparison platform for business financial products $15.8M - Series B May 2016 SpotCap (2013, Berlin, $117M) Alternate lending platform providing credit lines to businesses. $15M - Series B Feb 2017 Better Mortgage (2014, New York City, $45M) Alternative lender for Mortgage loans and refinance Pine Brook Partners, KPCB EARLY STAGE $15M - Series A May 2016 Tally App (2015, San Francisco, $17M) Credit Card management app Shasta Ventures, Silicon Valley Bank $15M - Series A Jul 2016 Wishfin (2008, Noida, $15.2M) Loan comparison platform Franklin Templeton India $14M - Series A Sep 2016 Juvo (2014, San Francisco, $59.3M) Mobile usage behavior based credit scoring to facilitate financial inclusion Wing Venture Capital, Seed—Resolute, Freestyle Capital $13.5M - Series B Apr 2016 Lendix (2014, Paris, $25.2M) Online lending platform for SME loans. CNP Assurances, Zencap Asset Management $13M - Series B Jun 2016 Vyze (2008, Austin, $48.1M) B2C marketplace for financing solutions at PoS.
  • 40. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201740 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (9/15) EARLY STAGE $13M - Series B May 2017 Nav (2012, San Mateo, $45M) Business credit monitoring and financing Goldman Sachs, Point72 Ventures, Clocktower Technology Ventures $12M - Series A May 2017 Blispay (2014, Baltimore, $29.6M) A mobile based credit product FPrime Capital Partners $10.5M - Series B Sep 2017 Lendingkart (2014, Ahmedabad, $66.2M) Online platform that provides working capital for SMBs in India Sistema $10.1M - Series B Dec 2016 Indifi (2015, Gurgaon, $15.1M) SME lending platform Omidyar Network EARLY STAGE $10M - Series B Jun 2017 MoneySmart (2011, Singapore, $12.4M) Financial products comparison platform Kakaku.com $10M - Series A Aug 2017 AutoFi (2015, San Francisco, $29.5M) Point of sale solution for financing a vehicle online $10M - Series A Jun 2016 Troo.ly (2014, Palo Alto, $10M) Provider of trust rating service for peer-to-peer marketplaces. Bain Capital Ventures, Milliways Ventures $9.6M - Series B Jul 2016 MarketInvoice (2010, London, $46.8M) B2C marketplace for invoice financing MCI Capital $9.5M - Series A Jul 2017 Borrowell (2014, Toronto, $21.3M) Alternative lending platform for personal and business loans Portag3 Ventures, White Star Capital EARLY STAGE $9.3M - Series B Apr 2017 Neyber (2014, London, $181M) Offers loans to employees which are repaid through salary deduction Police Mutual $9.2M - Series A Mar 2016 Branch (2014, San Francisco, $10.6M) Short term lending mobile application. Andreessen Horowitz $9.1M - Series A Jul 2016 Exporo (2014, Hamburg, $18M) Real Estate investment platform. e.ventures, Holtzbrinck Ventures $9M - Series A Jun 2017 MoneyTap (2015, Bangalore, $12.3M) App-based credit line Sequoia Capital, Prime Venture Partners
  • 41. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201741 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (10/15) EARLY STAGE $8.9M - Series B May 2017 Exporo (2014, Hamburg, $18M) Real Estate investment platform. Sunstone $8.6M - Series A Jan 2016 Neyber (2014, London, $181M) Offers loans to employees which are repaid through salary deduction $8.5M - Series A Jul 2016 PayJoy (2015, California, $17.8M) Online purchase financing platform. Union Square Ventures, Draper Nexus, Fenway Summer Ventures, Core Innovation Capital, Orange Digital Ventures $8.4M - Series A Jan 2017 Habito (2015, London, $35M) Online mortgage broker. Ribbit Capital, Build Capital EARLY STAGE $8M - Series A Apr 2016 Pave (2012, New York City, $313M) Online lending platform for personal loans. Maxfield Capital $7.7M - Series A Oct 2016 Octane Lending (2013, New York City, $12.4M) Unified loan application platform for Powersports. Berenson and Company, IA Ventures $7.5M - Series A Aug 2016 Funding Societies (2015, Singapore, $7.5M) Online P2P lending platform for SMEs Sequoia Capital, Alpha JWC Ventures $6.5M - Series A Dec 2016 Zest Money (2015, Bangalore, $8.5M) Lending platform for consumers to make ecommerce purchases PayUbiz EARLY STAGE $6.4M - Series A Feb 2016 Borrowell (2014, Toronto, $21.3M) Alternative lending platform for personal and business loans Power financial, Freycinet Ventures $6.3M - Series B Aug 2017 Flexiti Financial (2013, Toronto, $14.3M) POS financing $6.3M - Series A Oct 2016 Kredx (2015, Bangalore, $7M) Invoice discounting marketplace Sequoia Capital $6M - Series A Sep 2017 PayJoy (2015, California, $17.8M) Online purchase financing platform. Santander InnoVentures, ITOCHU Corporation $5.5M - Series A Sep 2017 dv01 (2014, New York City, $20M) Analytics firm that evaluates loans listed on P2P lending platforms. OCA Ventures
  • 42. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201742 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (11/15) EARLY STAGE $5.4M - Series A Jun 2017 FinMkt (2011, New York City, $7.3M) Technology solutions enabling marketplace lending Seraph Group, Vectr Ventures, ManchesterStory Group $5.3M - Series A Mar 2016 Juvo (2014, San Francisco, $59.3M) Mobile usage behavior based credit scoring to facilitate financial inclusion $5M - Series B Sep 2017 CreditVidya (2012, Mumbai, $7.2M) Alternate credit scoring platform Matrix Partners India $5M - Series A Nov 2016 Flexiti Financial (2013, Toronto, $14.3M) POS financing Globalive Capital $5M - Series A Jul 2017 Aire (2014, London, $8.4M) Company offering credit scores to individuals using machine learning algorithms. EARLY STAGE $4.7M - Series A Feb 2016 Landbay (2013, London, $11.4M) P2P lending platform for residential mortgage investments. $4.1M - Series A Jan 2017 Octane Lending (2013, New York City, $12.4M) Unified loan application platform for Powersports. Third Prime Capital, Contour Venture Partners, FinTech Collective, FundersClub $4M - Series A May 2017 EarlySalary (2015, Pune, $5.5M) NBFC linked lending platform for consumer loans IDG Ventures India, Deewan Housing Finance Corporation, Vistra $4M - Series A Dec 2016 IndiaLends (2014, Delhi, $5.3M) Web-based personal loans marketplace American Express, AdvantEdge EARLY STAGE $4M - Series A Jul 2017 Vayana Network (2009, Pune, $4M) Invoice financing platform Jungle Ventures, IDG Ventures India $3.9M - Series A Jul 2016 Lending Works (2012, London, $9.6M) Online P2P lending platform for personal loans and investments. NVM Private Equity $3.8M - Series A Oct 2016 Bezahlt (2016, Berlin, $9.7M) Online Invoice financing platform German Startups Group $3.3M - Series A Feb 2017 EVEN Financial (2014, New York City, $6.1M) Supply side platform for marketplace lending $3.3M - Series B Mar 2017 SunFunder (2012, San Francisco, $6.3M) Crowdfunding for solar projects
  • 43. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201743 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (12/15) EARLY STAGE $3.3M - Series A Aug 2016 Zuto (2006, Macclesfield, $15M) Online service provider for auto finance Barclays $3.1M - Series A Aug 2017 Landbay (2013, London, $11.4M) P2P lending platform for residential mortgage investments. $3M - Series B Apr 2017 RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate $3M - Series A Mar 2017 Rubique (2014, Mumbai, $7M) Online marketplace for financial products $3M - Series A Jun 2017 Moneylion (2013, New York City, $25.5M) Online unsecured personal loans and personal finance management EARLY STAGE $2.8M - Series A Sep 2016 Unilend (2013, Paris, $11.2M) P2P lending platform for business loans NewAlpha $2.5M - Series A Nov 2016 Blackmoon Financial Group (2014, Nicosia, $3.5M) Securitization of Marketplace loans Target Global $2M - Series B May 2016 RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate $2M - Series A Oct 2016 Aire (2014, London, $8.4M) Company offering credit scores to individuals using machine learning algorithms. White Star Capital, Sunstone $2M - Series A Jun 2016 CreditVidya (2012, Mumbai, $7.2M) Alternate credit scoring platform Kalaari Capital EARLY STAGE $2M - Series A Oct 2017 SlicePay (2015, Bangalore, $2.5M) EMI based purchase loans for students Simile Venture Partners $1.7M - Series B Oct 2016 Realty Mogul (2012, Los Angeles, $46.7M) Online real estate equity and debt based crowdfunding platform. $1.5M - Series B Aug 2017 RealtyShares (2013, Mountain View, $65.8M) Crowdfunding for Real Estate $1.5M - Series A Aug 2016 Faircent (2013, Delhi, $1.8M) P2P lending marketplace Brand Capital $1.2M - Series A Apr 2016 Modalku (2016, Jakarta, $1.2M) Marketplace for business loans Alpha JWC Ventures
  • 44. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201744 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (13/15) EARLY STAGE $1.1M - Series A Jul 2016 ClimbCredit (2014, New York City, $3.1M) Offers student financing $391k - Series A Sep 2016 Rubique (2014, Mumbai, $7M) Online marketplace for financial products Series A Sep 2016 FastPay (2009, Beverly Hills, $15M) Working capital solutions for digital media businesses. Citi Ventures Series A Apr 2016 Aire (2014, London, $8.4M) Company offering credit scores to individuals using machine learning algorithms. Accion Series A Sep 2017 Cloud Lending (2012, Bangalore, $8.1M) Cloud based management platforms for lending institutions. ABN AMRO Bank EARLY STAGE Series A Feb 2017 Cloud Lending (2012, Bangalore, $8.1M) Cloud based management platforms for lending institutions. Cota Capital Series A Aug 2017 Simpl (2014, Mumbai, $2.6M) Credit amount to buy online and pay later with registered merchants SF Capital Group Series A May 2016 Faircent (2013, Delhi, $1.8M) P2P lending marketplace JM Financial SEED STAGE $52.5M - Seed Aug 2016 Finova Financial (2015, San Francisco, $155M) Direct lender for car title loans MHS Capital, Coventure, Refactor Capital, Compound $12.8M - Seed Mar 2016 Blispay (2014, Baltimore, $29.6M) A mobile based credit product FirstMark, Accomplice, TriplePoint Capital, New Enterprise Associates $7.5M - Seed Jun 2016 dv01 (2014, New York City, $20M) Analytics firm that evaluates loans listed on P2P lending platforms. Leucadia National, Pivot Investment Partners $5.9M - Seed Jan 2017 Bezahlt (2016, Berlin, $9.7M) Online Invoice financing platform Redalpine, DN Capital
  • 45. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201745 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (14/15) SEED STAGE $5.4M - Seed Oct 2016 Finrise (2015, San Mateo, $5.4M) Offers healthcare financing NFX Guild, Mayfield, Western Technology Investment $5M - Seed Mar 2016 dv01 (2014, New York City, $20M) Analytics firm that evaluates loans listed on P2P lending platforms. Jefferies $3.8M - Angel Apr 2017 CASHe (2016, Mumbai, $3.8M) Short term personal loan platform $3.6M - Seed Dec 2016 Blispay (2014, Baltimore, $29.6M) A mobile based credit product $2.3M - Seed Dec 2015 PayJoy (2015, California, $17.8M) Online purchase financing platform. Red Swan Ventures, Compound SEED STAGE $2.3M - Seed Apr 2016 Liwwa (2013, Amman, $2.3M) Peer-to-peer investments in small businesses $2.2M - Seed Apr 2016 Habito (2015, London, $35M) Online mortgage broker. Mosaic Ventures, Revolution $2.2M - Seed Feb 2016 Mintos (2014, Riga, $2.2M) An online marketplace lending platform. Skillion Ventures $2M - Angel Jun 2016 ePayLater (2016, Mumbai, $2M) Checkout platform offering pay later option to users $1.6M - Seed May 2016 Propellr (2013, New York City, $1.6M) An online platform for investing in alternative investment assets. SEED STAGE $1.3M - Equity Crowdfunding Jun 2016 FundedByMe (2010, Stockholm, $2.9M) Online equity-based and loan-based crowdfunding platform. FundedByMe $1.3M - Seed Nov 2016 Simpl (2014, Mumbai, $2.6M) Credit amount to buy online and pay later with registered merchants $1.2M - Angel Feb 2017 Bitbond (2013, Berlin, $2.1M) P2P lending platform for small businesses $1M - Seed Dec 2015 PayJoy (2015, California, $17.8M) Online purchase financing platform. $1M - Seed Apr 2017 Patch Homes (2016, San Francisco, $1.1M) Home equity financing at 0% interest and 0 EMI Kima Ventures
  • 46. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201746 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months (15/15) SEED STAGE $750k - Seed Apr 2016 Kredx (2015, Bangalore, $7M) Invoice discounting marketplace Prime Venture Partners $500k - Seed Feb 2016 SlicePay (2015, Bangalore, $2.5M) EMI based purchase loans for students TracxnLabs, Blume Ventures $166k - Seed Dec 2015 Wishfin (2008, Noida, $15.2M) Loan comparison platform Sherpalo Ventures, Venture Highway $120k - Seed Sep 2016 Patch Homes (2016, San Francisco, $1.1M) Home equity financing at 0% interest and 0 EMI Techstars Seed May 2017 Bitbond (2013, Berlin, $2.1M) P2P lending platform for small businesses Obotritia Capital SEED STAGE Angel Mar 2016 SwitchMe (2012, Mumbai) Home loan switching platform Singapore Angel Network, 3one4 Capital Seed Feb 2016 SwitchMe (2012, Mumbai) Home loan switching platform 500 Startups
  • 47. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201747 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Notable Investments in last 24 months in China Major funding rounds by Stage in Alternative Lending; Dec 2015-Dec 2017 Notable Investments in last 24 months in China LATE STAGE $1.5B - PE Apr 2017 YiXin Capital (Daikuan) (2015, Beijing, $2.4B) Online platform for automobile financing Agricultural Bank of China $550M - PE Aug 2016 YiXin Capital (Daikuan) (2015, Beijing, $2.4B) Online platform for automobile financing Baidu $449M - Series F Jun 2016 Qudian (2014, Beijing, $929M) Online microloan / installment plan provider for e- commerce purchases $263M - Series D May 2017 Tuandaiwang (2012, Dongguan, $369M) P2P lending and investment platform wangadaizhijia, China Minsheng Investment $235M - Series D Jun 2016 Fenqile (2013, Beijing, $345M) Online microloan e-commerce LATE STAGE $220M - Series D Aug 2017 Dianrong (2012, Shanghai, $439M) China's P2P Leading Platform GIC, China Minsheng Investment, Simone Investment Managers $152M - Series C May 2016 Weidai (2011, Hangzhou, $192M) P2P Lending platform in China Vision Knight Capital $118M - Series C Jul 2017 Dashu Finance (2014, Shenzhen, $210M) Online platform offering loans to consumersand SMEs Primavera Capital Group, China Everbright $72.8M - Series D Mar 2017 P Omni Prime (2014, Shanghai, $138M) Mobile based purchase finance solution Jingdong Group, Hony Capital LATE STAGE $72.3M - Series C Nov 2016 QuantGroup (2014, Beijing, $75.8M) Online financial services including credit-based consumption and IOUs $71M - Series C Sep 2016 Firstp2p (2013, Beijing, $122M) P2P lending platform for SMEs $67.8M - Series C Mar 2017 Daixiaomi (2013, Beijing, $95.9M) Online B2C marketplace lending platform for consumers and SMEs Sinovation Ventures $67M - Series C Mar 2017 YongQingBao (2013, Beijing, $90.7M) AI based personal loans platform for consumers to take short term loans Cash Capital, Source Code Capital
  • 48. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Most Active Investors (VC, PE) by Stage in Alternative Lending; Last 5 years (Dec 2012-Dec 2017) Most Active VC & PE Investors 48 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Alternative Lending > Investment Trends > Most Active VC & PE Investors SEED STAGE East Ventures(4 Investments) Cermati, MoolahSense, Cicil.co 1 FJ Labs (4 Investments) Insikt, AutoFi, Moni 2 Village Capital(4 Investments) mPower Financing, Student Loan Genius, Fig Loans 3 Access Ventures(3 Investments) Student Loan Genius, Fig Loans, Quotanda 4 Alpha JWC Ventures (3 Investments) UangTeman, Kredivo, FinAccel 5 Brooklyn Bridge Ventures (3 Investments) Orchard, EVEN Financial, Petal 6 Collaborative Fund (3 Investments) Earnest, Tala, Camino Financial 7 DN Capital(3 Investments) Bezahlt, Divido, Finiata 8 Fenway Summer Ventures(3 Investments) SelfScore, PeerIQ, Lendable 9 Kapor Capital (3 Investments) Bolstr, LendStreet, Student Loan Genius 10 EARLY STAGE QED Investors (8 Investments) LendUp, Nubank, Fundera 1 Sequoia Capital (7 Investments) BankBazaar, Capital Float, MoneyTap 2 Blumberg Capital(5 Investments) Kreditech, Fundbox, Zibby 3 SF Capital Group (5 Investments) Patch of Land, DriverUp, Lenda 4 Fenway Summer Ventures(4 Investments) College Ave, PayJoy, StreetShares 5 FinTech Collective(4 Investments) Octane Lending, Moneylion, Neighborly 6 Holtzbrinck Ventures(4 Investments) SpotCap, Exporo, Compeon 7 Jungle Ventures(4 Investments) Milaap, PaySense, iMoney Group 8 Khosla Ventures(4 Investments) Affirm, Upstart, Fundera 9 MissionOG (4 Investments) Behalf, Zibby, DemystData 10 LATE STAGE DST Global (4 Investments) Funding Circle, Lending Club, GreenSky 1 IVP (4 Investments) Social Finance, Prosper, OnDeck 2 QED Investors (3 Investments) GreenSky, Future Finance, CAN Capital 3 Runa Capital (3 Investments) Zopa, Smava, Lendio 4 Third Point Ventures(3 Investments) Social Finance, Upstart, Swift Capital 5 DFJ (2 Investments) Avant, Renovate America 6 Eurazeo(2 Investments) PRÊT D'UNION, Younited Credit 7 First Round Capital (2 Investments) LendingHome, Swift Capital 8 FJ Labs (2 Investments) Klarna, Fundbox 9 Founders Fund (2 Investments) Affirm, Nubank 10
  • 49. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201749 Alternative Lending > Investment Trends > Most Active Ecosystem Investors Top Ecosystem Investors in Alternative Lending; Last 5 years (Dec 2012-Dec 2017) Most Active Ecosystem Investors INCUBATOR 500 Startups(20 Investments) RealtyShares, Konfío, Finova Financial 1 Y Combinator(16 Investments) Legalist, AlphaFlow, RedCarpetUp 2 Techstars(12 Investments) Realty Mogul, Self Lender, Wunder 3 Plug and Play Tech Center(9 Investments) Lending Club, Credit Sesame, RevolutionCredit 4 Speedinvest(7 Investments) Cashpresso, Tradico, FinCompare 5 Kejora(6 Investments) Crowdo, MoneyTable, CekAja 6 Barclays Accelerator(4 Investments) Aire, NoviCap, INuka Pap 7 Boost VC(4 Investments) The Sun Exchange, Loanbase, Blossom Finance 8 H2 Ventures(4 Investments) LoanDolphin, Valiant, Edstart 9 MetaProp NYC(4 Investments) RealtyShares, Lenda, AlphaFlow 10 OTHER NOTABLE INVESTORS Victory Park Capital(20 Investments) Kabbage, LendUp, CommonBond 1 Accion(18 Investments) Konfío, RevolutionCredit, Aire 2 Ribbit Capital(11 Investments) Funding Circle, Avant, LendingHome 3 Startupbootcamp(11 Investments) Storm, FriendlyScore, investUP 4 GLI Finance(9 Investments) Funding Options, Finexkap, Liftforward 5 Goldman Sachs(9 Investments) Nav, MoneyMax, Nubank 6 IFC(7 Investments) MoneyMax, Kreditech, Konfío 7 FundersClub(6 Investments) Octane Lending, BTCJam, AlphaFlow 8 Seedrs(6 Investments) Assetz Capital, Landbay, Flender 9 Jefferies(5 Investments) Affirm, Avant, Bond Street 10 DEBT INVESTORS Western Technology Investment(14 Investments) Global Analytics, Juvo, Behalf 1 Kreos Capital(7 Investments) Wonga, BlueVine, Smava 2 Silicon Valley Bank(7 Investments) Affirm, NerdWallet, BlueVine 3 IFMR Trust(4 Investments) Capital Float, Lendingkart, EarlySalary 4 British Business Bank(2 Investments) RateSetter, MarketInvoice 5 Crystal Financial(2 Investments) Global Analytics, Easyhome 6 Eastward Capital Partners(2 Investments) ZestFinance, The Receivables Exchange 7 Honeycomb Investment Trust(2 Investments) Ezbob, Pay4Later 8 North Atlantic Capital(2 Investments) LendKey Technologies 9 BEST Funds Financeit 10
  • 50. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201750 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (1/7)
  • 51. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201751 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (2/7)
  • 52. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201752 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (3/7)
  • 53. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201753 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (4/7)
  • 54. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201754 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (5/7)
  • 55. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201755 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (6/7)
  • 56. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201756 Alternative Lending > Investment Trends > Investors in Unicorn club Investors in Unicorn Club (7/7)
  • 57. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201757 Alternative Lending > Investment Trends > Unicorn Investors in the Sector Unicorn Investors in the Sector
  • 58. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 58 BlueBox Key Sub Sectors Detailed Sector Taxonomy Top Markets of Investment Activity Top Markets of Early Stage Investors Other Notable Markets Market Deep Dive
  • 59. Some more Sector Reports you might want to check out Join 4000+ people taking sharper decisions with Tracxn Banking Tech Nov 2017 Insurance Tech Nov 2017 Mobile Payments Nov 2017
  • 60. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 December 2017Tracxn BlueBox – Alternative Lending 60 Alternative Lending > Market Details > Bluebox
  • 61. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Key Sub Sectors 61 Key Sub Sectors in Alternative Lending Market Top Companies # Cos Tracked # Funded Total Funding Consumer Loans Lending platforms which offer loan products for consumers Lending Club (2006, San Francisco, Public) Social Finance (2011, San Francisco, $2.1B) 1432 420 $11.1B Business Loans Lending platforms which offer loan products to businesses OnDeck (2007, New York City, Public) Kabbage (2009, Atlanta, $491M) 916 305 $3.9B Lead Generation Platforms Platforms which aggregate loan products from lenders, offer comparison services, and generate leads for the lenders Zillow (2005, Seattle, Public) BankBazaar (2008, Chennai, $110M) 524 146 $1B Enablers Fintech companies providing allied services to alternative lenders Pearl Capital (2006, New York City, Acquired) Voyager Labs (2012, Hod Hasharon, $100M) 160 49 $446M Investment Platform Platforms that enable investors to invest money in loans on alternative lending platforms. Includes platforms offering analytics to investors to identify... Orchard (2013, New York City, $64.7M) PeerIQ (2014, New York City, $20.5M) 38 13 $121M Alternative Lending > Market Details > Key Sub Sectors
  • 62. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (1/11) 62 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 63. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (2/11) 63 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 64. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (3/11) 64 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 65. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (4/11) 65 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 66. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (5/11) 66 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 67. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (6/11) 67 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 68. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (7/11) 68 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 69. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (8/11) 69 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 70. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (9/11) 70 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 71. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (10/11) 71 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 72. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Detailed Sector Taxonomy (11/11) 72 Alternative Lending > Market Details > Detailed Sector Taxonomy
  • 73. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Rank Market Last 2 Years $ Invested # Round Top Funded Company 1 (-) Consumer Loans > Unsecured Personal Loans > P2P Marketplace Lending platforms which facilitate peer to peer personal borrowing and lending (Companies covered 236 | Funded 76 | Total Funding $1.8B) $363M (-$776M) 48 (-6) MoneyPlace (2014, Melbourne, $60M) 2 (+2) Consumer Loans > Purchase Financing > B2C Marketplace Lending platforms originating loans for purchases using third party sources like banks (Companies covered 71 | Funded 38 | Total Funding $1.3B) $442M (-$281M) 35 (+16) Bread Finance (2014, New York City, $140M) 3 (-1) Consumer Loans > Unsecured Personal Loans > Direct Lender Lending platforms providing personal loans on their own balance sheet (Companies covered 216 | Funded 52 | Total Funding $1.4B) $368M (-$585M) 23 (-10) Kreditech (2012, Hamburg, $281M) 4 (+3) Business Loans > Working Capital > Unsecured Loans > Direct Lender Lending platforms providing unsecured workng capital loans on their own balance sheet (Companies covered 43 | Funded 20 | Total Funding $623M) $285M (+$32.8M) 19 (+6) Capital Float (2013, Bangalore, $86M) 5 (+3) Consumer Loans > Purchase Financing > Direct Lender Lending platforms which provide purchase financing on their own balance sheet (Companies covered 80 | Funded 40 | Total Funding $634M) $205M (+$13.3M) 25 (+11) Klarna (2005, Stockholm, $336M) 6 (-3) Business Loans > Term Loans > P2B Marketplace Lending platforms which facilitate peer to peer borrowing and lending for business term loans (Companies covered 203 | Funded 61 | Total Funding $526M) $189M (-$69.9M) 39 (+4) Funding Circle (2010, London, $375M) 7 (+7) Consumer Loans > Unsecured Personal Loans > B2C Marketplace Lending platforms originating personal loans through third party sources like banks (Companies covered 101 | Funded 28 | Total Funding $250M) $179M (+$147M) 27 (+15) Upgrade (2016, San Francisco, $60M) 73 Note: The numbers in the bracket represent the change in a 2 year period. Top Markets of Investment Activity (1/4) Top Markets by Funding in Alternative Lending in last 2 years (December 2015 - November 2017) Alternative Lending > Market Details > Top Markets of Investment Activity
  • 74. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201774 Top Markets of Investment Activity (2/4) Alternative Lending > Market Details > Top Markets of Investment Activity
  • 75. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201775 Top Markets of Investment Activity (3/4) Alternative Lending > Market Details > Top Markets of Investment Activity
  • 76. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201776 Top Markets of Investment Activity (4/4) Alternative Lending > Market Details > Top Markets of Investment Activity
  • 77. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Rank Market # Investments Key Investments 1 Consumer Loans > Mortgage Loans > Direct Lender Lending platforms providing mortgage loans on their own balance sheet (Companies created 32 | Funded 14 | Total Funding $186M ) 2 Clara (2000, San Francisco, $27M) Better Mortgage (2014, New York City, $45M) 2 Consumer Loans > Micro Loans > Direct Lender Lending platforms providing micro loans on their own balance sheet (Companies created 15 | Funded 5 | Total Funding $55.1M ) 2 Tala (2012, Los Angeles, $41.5M) Branch (2014, San Francisco, $10.6M) 3 Business Loans > Working Capital > Invoice Financing > B2B Marketplace Lending platforms that tie up with third-party lenders for invoice financing. Lenders include financial institutions and banks (Companies created 58 | Funded 24 | Total Funding $119M ) 2 Kredx (2015, Bangalore, $7M) Numberz (2015, Bangalore, $3.9M) 4 Enablers > Credit Scoring > Individuals > Mobile Usage Data Fintech companies building alternative credit scores for individuals using their telco data i.e. recharge history, calls, bill payment history, sms etc. (Companies created 5 | Funded 3 | Total Funding $73.3M ) 1 Juvo (2014, San Francisco, $59.3M) 5 Consumer Loans > Personal Lines of Credit > B2C Marketplace Lending platforms that tie up with third-party lenders for personal lines of credit. Lenders include financial institutions and banks (Companies created 4 | Funded 2 | Total Funding $19.9M ) 1 MoneyTap (2015, Bangalore, $12.3M) 6 Consumer Loans > Mortgage Loans > P2P Marketplace Lending platforms which facilitate peer to peer borrowing and lending for mortgage loans (Companies created 21 | Funded 6 | Total Funding $33.3M ) 1 PeerStreet (2013, Los Angeles, $21.1M) 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 77 Top Markets of Early Stage Investors (1/2) Top Markets where Early Stage Investors are investing in last 2 years (December 2015 - November 2017) Alternative Lending > Market Details > Top Markets of Early Stage Investors
  • 78. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201778 Top Markets of Early Stage Investors (2/2) Alternative Lending > Market Details > Top Markets of Early Stage Investors
  • 79. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Rank Market Last 2 Years # of Comp Founded $ Invested # Round Top Funded Company 1 Business Loans > Working Capital > Unsecured Loans > B2B Marketplace Lending platforms that tie up with third-party lenders for financing/origination of unsecured working capital loans. Lenders include financial institutions and banks (Companies covered 34 | Funded 13 | Total Funding $648M) 12 $260M (+$260M) 6 (+6) Kabbage (2009, Atlanta, $491M) 2 Lead Generation Platforms > Horizontal Lead generation platforms which aggregate loan products for consumers as well as businesses (Companies covered 115 | Funded 28 | Total Funding $172M) 43 $19.6M (+$19.6M) 10 (+10) souqalmal.com (2012, Dubai, $11.2M) 3 Consumer Loans > Mortgage Loans > B2C Marketplace Lending platforms that tie up with third-party lenders for financing/origination of mortgage loans. Lenders include financial institutions and banks (Companies covered 28 | Funded 10 | Total Funding $25M) 12 $25M (+$25M) 8 (+8) Uno (2015, Surry Hills, $16.5M) 4 Investment Platform Platforms that enable investors to invest money in loans on alternative lending platforms. Includes platforms offering analytics to investors to identify suitable… (Companies covered 28 | Funded 8 | Total Funding $79.7M) 16 $30.5M (+$30.5M) 7 (+7) Orchard (2013, New York City, $64.7M) 5 Consumer Loans > Mortgage Loans > P2P Marketplace Lending platforms which facilitate peer to peer borrowing and lending for mortgage loans (Companies covered 21 | Funded 6 | Total Funding $33.3M) 11 $23.6M (+$23.6M) 6 (+6) PeerStreet (2013, Los Angeles, $21.1M) 79 Other Notable Markets Other Notable Markets with high Entrepreneurial Activity in Alternative Lending in last 2 years (December 2015 - November 2017) Alternative Lending > Market Details > Other Notable Markets
  • 80. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Incubators 500 Startups (#2), NXTP Labs (#1) Seed Kima Ventures (#1), New Enterprise Associates (#1) Series A/B Benchmark Capital (#2), Collaborative Fund (#2) Series C+ BlackRock (#2), Eurazeo (#2) Lending Club Dec - 2014 IPO'd on NYSE FriendsClear Dec - 2010 IPO'd on EURONEXT DirectMoney Mar - 1989 IPO'd on ASX $206k - Seed Welendus (2015, London, $352k) $538k - Seed LendenClub (2014, Mumbai, $764k) Seed Credifiable (2016, Bangalore) $10.5M - Series A RateSetter Australia (2014, Sydney, $25.5M) $50M - Series G Prosper (2005, San Francisco, $410M) $47.8M - Series D Younited Credit (2009, Paris, $95.1M) $4.3M - Series A LendStreet (2010, Sunnyvale, $10M) Seed Worthy (2016, Boca Raton) Series B Afluenta (2008, Buenos Aires, $10M) $1.1M - Seed BillionLoans (2016, Bangalore, $1.1M) Nov 2017 BioCoin and RCN Have Combined Efforts to Assist Green Businesses Worldwide, Coinspeaker Nov 2017 P2P Lender Lendable Signs £300 Million Loan Deal With Castle Trust, Crowdfund Insider Nov 2017 Swiss Fintech Goes Germany, finews.com Nov 2017 Lendable hits £100m lending landmark, P2PFinanceNews Nov 2017 Prosper Reports Third Quarter Growth; Closes $1.5 Billion of Securitizations in 2017, Business Wire Nov 2017 Ripio Credit Network Token Sale Reaches $37M, FinSMEs Oct 2017 Clix Capital partners Airtel, Seynse Tech for mobile financing, Business Standard Oct 2017 Lending platform Lenden Club gets Rs 3.5cr in Equity Investment, Indiatimes Oct 2017 Q4 2017 Earnings Forecast for LendingClub Corporation (LC) Issued By Craig Hallum, Good StockInvest Oct 2017 Zopa is 'pretty close to finishing' building its new bank, Business Insider Oct 2017 Lendable raises $6.5m series A round to launch its services in Tanzania, Rwanda, TechMoran Sep 2017 Consumer lending startup CrediFiable raises seed funding from Kae Capital, BizTech Post Sep 2017 Online Lender Prosper Has Lost 70 Percent Of Its Value, PYMNTS News 0 5 10 15 20 25 30 35 $0k $200M $400M $600M $800M $1.B 2013 2014 2015 2016 2017 YoY Funding Rounds 3 17 39 76 236 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Market Factsheet Market: P2P Marketplace 80 Exits Most Active Investors Recent Investments YoY Funding and Rounds Lending platforms which facilitate peer to peer personal borrowing and lending Prosper (2005, San Francisco, $410M) Pave (2012, New York City, $313M) Harmoney (2013, Auckland, $210M) Zopa (2005, London, $103M) Younited Credit (2009, Paris, $95.1M) Top Companies #1 Top Markets of Investment Activity Alternative Lending > Market Details > Market: P2P Marketplace Companies Created 236 | Funded 76 | Total Funding $1.8B
  • 81. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201781 Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Top Companies Market: P2P Marketplace (1/2) Alternative Lending > Market Details > Market: P2P Marketplace #1 Top Markets of Investment Activity Analyst’s Pick Prosper (2005, San Francisco, $410M) P2P Lending Marketplace Soonicorn. Stage: Series G FinEX Asia, Credit Suisse, J.P. Morgan and 29 Other Investors Pave (2012, New York City, $313M) Online lending platform for personal loans. Soonicorn. Stage: Series A Maxfield Capital, RPM Ventures, Seer Capital, C4 Ventures Harmoney (2013, Auckland, $210M) Online P2P lending platform. Soonicorn. Stage: Series A P2P Global Investments PLC, Trade Me, NZX Market, Heartland Lending Club (2006, San Francisco, $162M) P2P online lending marketplace Unicorn. Stage: Public Hanwha Life, T. Rowe Price, Wellington Management and 32 Other Investors Analyst’s Pick Zopa (2005, London, $103M) Online P2P lending marketplace. Soonicorn. Stage: Series F Northzone, iZettle, Spotify and 13 Other Investors Upstart (2012, Palo Alto, $85.7M) An online lending platform. Soonicorn. Stage: Series D Third Point Ventures, Khosla Ventures, First Round Capital and 13 Other Investors RateSetter (2010, London, $55M) Online lending platform for P2P loans. Soonicorn. Stage: Series B Woodford Investment Management, Artemis, British Business Bank, Incubate Limited Pret D'Union(2009, Issy-les-moulineaux, $52.4M) Online platform for P2P lending. Soonicorn. Stage: Series D Eurazeo, Credit Mutuel Arkea, Schibsted Media Group and 3 Other Investors Analyst’s Pick Auxmoney (2007, Dusseldorf, $28M) Online lending platform for P2P loans. Soonicorn. Stage: Series D SevenVentures, Index Ventures, Union Square Ventures and 5 Other Investors Lendico (2013, Berlin, $22.4M) An online P2P lending marketplace. Minicorn. Stage: Series A Holtzbrinck Ventures, Access Industries, Rocket Internet Lending Works (2012, London, $9.6M) Online P2P lending platform for personal loans and investments. Minicorn. Stage: Series A NVM Private Equity Faircent (2013, Delhi, $1.8M) P2P lending marketplace Minicorn. Stage: Series A Brand Capital, Aarin Capital, JM Financial and 7 Other Investors
  • 82. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201782 Consumer Loans > Unsecured Personal Loans > P2P Marketplace: Top Companies Market: P2P Marketplace (2/2) Alternative Lending > Market Details > Market: P2P Marketplace #1 Top Markets of Investment Activity Analyst’s Pick PeopleFund (2015, Seoul, $1.3M) Online P2P lending platform backed by a bank Editor's Pick. Stage: Seed 500 Startups, Yello Financial Group, D3Jubilee LendenClub (2014, Mumbai, $764k) Online marketplace for P2P lending Editor's Pick. Stage: Seed Venture Catalysts, Anirudh Damani, Artha India Ventures iLend (2012, Hyderabad, $135k) P2P marketplace for personal loans Editor's Pick. Stage: Seed 50k Ventures, Angaros Group, Angel Investment Network, Brand Capital HuyDong (2015, Ho Chi Minh City, $25k) P2P lending platform for personal loans Editor's Pick. Stage: Unfunded Credifiable (2016, Bangalore) Peer to peer lending platform for personal loans Editor's Pick. Stage: Seed Kae Capital Analyst’s Pick Credy (2016, Bangalore) P2P marketplace for unsecured personal loans Editor's Pick. Stage: Seed Y Combinator, Khosla Ventures, Vy Capital Lending Crowd (2014, Auckland) Peer to peer personal, auto and small business loans platform Editor's Pick. Stage: Unfunded Loan Singh (2015, Dona Paula) P2P platform for unsecured consumer loans Editor's Pick. Stage: Funded LoanMeet (2015, Bangalore) P2P lending platform Editor's Pick. Stage: Seed Madhusudan E MPokket (2016, Kolkata) Online unsecured P2P personal loans Editor's Pick. Stage: Unfunded Pareto (2015, Bangalore) Social circle-based P2P lending platform Editor's Pick. Stage: Unfunded Analyst’s Pick WeTrust (2016, San Francisco) Lending and insurance platform leveraging Ethereum blockchain. Editor's Pick. Stage: Unfunded
  • 83. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 2017 Incubators 500 Startups (#2), Entrepreneurs Roundtable Accelerator (#1) Seed Jungle Ventures (#2), GMO Venture Partners (#2) Series A/B Victory Park Capital (#2), StarVest Partners (#2) Series C+ Founders Fund (#1), Silicon Valley Bank (#1) Paypal Credit Oct - 2008 Acq by PayPal for $945M $8M - Series A KrazyBee (2016, Bangalore, $13M) $2M - Series A SlicePay (2015, Bangalore, $2.5M) Series A FinAccel (2015, Singapore) Series A Kredivo (2015, Bangkok) $10.4M - Series A Kissht (2015, Mumbai, $12.4M) Series A Simpl (2014, Mumbai, $2.6M) $13.1M - Series C Vyze (2008, Austin, $48.1M) $126M - Series B Bread Finance (2014, New York City, $140M) $2M - Series A Kissht (2015, Mumbai, $12.4M) $13.5M - Series B Zibby (2012, New York City, $36M) $12M - Series A Blispay (2014, Baltimore, $29.6M) Nov 2017 KrazyBee looks to expand in Tamil Nadu, Indiatimes Nov 2017 LaterPay Launches First AMP-Enabled Paywall and Subscription Platform , PRWeb Nov 2017 Adorama Partners With Vyze to Debut New Consumer Financing Program, Business Wire Nov 2017 Xiaomi partners with Zest Money to offer Cardless EMI Payments on Mi.com , PC Nov 2017 Fintech startup Kissht secures $10 Mn from China's Fosun International, Entrackr Nov 2017 Zayas joins Zibby at pivotal time in growth strategy, Press Release Jet Oct 2017 London Fintech Divido Announces Germany Expansion, Crowdfund Insider Oct 2017 LILY Partners with Affirm to Offer Drone Buyers Pay Over Time Options, PR Newswire Oct 2017 SlicePay raises Series A round, FundingSMEs Oct 2017 Xiaomi India partners with ZestMoney for cardless EMI, Business Standard Oct 2017 Captain's Log, Oct 4: FinAccel raises Series A, Khazanah National Entrepreneurship Outreach launches, E27 Oct 2017 Connecting Asia's startup ecosystem, Tech in Asia Oct 2017 Catering To Ecommerce Consumers In Indonesia, Fintech Startup Kredivo Raises Series A Funding From Jungle Ventures, Others, Inc42 Sep 2017 Etihad Airways partners with PayFort, Gulf News News 0 5 10 15 20 25 $0k $100M $200M $300M $400M $500M 2013 2014 2015 2016 2017 YoY Funding Rounds 1 3 19 38 71 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Consumer Loans > Purchase Financing > B2C Marketplace: Market Factsheet Market: B2C Marketplace 83 Exits Most Active Investors Recent Investments YoY Funding and Rounds Lending platforms originating loans for purchases using third party sources like banks Affirm (2012, San Francisco, $420M) GreenSky (2006, Atlanta, $410M) Bread Finance (2014, New York City, $140M) Paypal Credit (2000, Lutherville-timonium, $100M) Financeit (2007, Toronto, $49.4M) Top Companies #2 Top Markets of Investment Activity Alternative Lending > Market Details > Market: B2C Marketplace Companies Created 71 | Funded 38 | Total Funding $1.3B