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Tracxn - Alternative Lending Startup Landscape

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Tracxn - Alternative Lending Startup Landscape

  1. 1. DECEMBER 2017 ALTERNATIVE LENDING
  2. 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. 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. 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. 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. 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. 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. 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. 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. 10. 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
  11. 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 (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
  12. 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 (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
  13. 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 (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
  14. 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 (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
  15. 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 (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
  16. 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 (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
  17. 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 (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
  18. 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 (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
  19. 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 (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
  20. 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 (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
  21. 21. 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)
  22. 22. 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
  23. 23. 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
  24. 24. 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
  25. 25. 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
  26. 26. 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
  27. 27. 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 $155M US Europe India Australia Israel Latam New Zealand SEA Note: Excludes funding information of China companies
  28. 28. Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Alternative Lending - Dec 201729 Trend of Average Deal Size ($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
  29. 29. 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
  30. 30. 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
  31. 31. 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
  32. 32. 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.
  33. 33. 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
  34. 34. 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
  35. 35. 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
  36. 36. 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.
  37. 37. 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
  38. 38. 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.
  39. 39. 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
  40. 40. 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
  41. 41. 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
  42. 42. 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
  43. 43. 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
  44. 44. 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
  45. 45. 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
  46. 46. 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
  47. 47. 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
  48. 48. 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
  49. 49. 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)
  50. 50. 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)
  51. 51. 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)
  52. 52. 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)
  53. 53. 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)
  54. 54. 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)
  55. 55. 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)
  56. 56. 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
  57. 57. 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
  58. 58. 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
  59. 59. 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
  60. 60. 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
  61. 61. 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
  62. 62. 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
  63. 63. 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
  64. 64. 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
  65. 65. 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
  66. 66. 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
  67. 67. 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
  68. 68. 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
  69. 69. 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
  70. 70. 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
  71. 71. 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
  72. 72. 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
  73. 73. 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
  74. 74. 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
  75. 75. 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
  76. 76. 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
  77. 77. 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
  78. 78. 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
  79. 79. 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
  80. 80. 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
  81. 81. 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
  82. 82. 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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