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Where VCs are placing their fintech bets today

Though some have predicted a fintech bubble, investment capital continues to pour into fintech startups. In the last month, several fintech players have announced funding rounds that will help them improve their products and ramp up their sales. The money is coming from traditional venture capital firms, banks and even Google.

The following is a look at some of the latest deals.
Qapital team

Qapital

What it does: The personal financial management app uses behavioral economics in hopes of steering its users to build savings habits by tweaking their everyday actions.

The money: $12 million in a Series A round

Backers: Anthemis Exponential Ventures, Northzone, Industrifonden and Rocketship VC
Mike Laven, CEO of Currencycloud

CurrencyCloud

What it does: CurrencyCloud, led by Mike Laven, uses application programming interfaces to power corss-border payment products for challenger banks and digital payment firms, among others. The company, headquartered in New York and London, said $25 billion has passed through its infrastructure to date.

The money: Recently competed a $25 million Series D round

Backers: GV (formerly known as Google Ventures), as well as existing investors Notion Capital, Sapphire Ventures, Rakuten FinTech Fund and Anthemis.
 Blake Hall, CEO and founder of ID.me

ID.me

What it does: ID.me’s Identity Gateway service allows people to tie their legal identity to a digital login that is accepted across multiple websites, eliminating the need to create a new login or to verify identity at each site directly. The startup is led by Blake Hall.

The money: $19 million in Series B funding

Backers: FTV Capital, USAA
Steve Robert, CEO of Autobooks

Autobooks

What it does: The startup partners with banks to offer accounting tools to small businesses. The tools also give banks a better insight to their clients. The firm is led by Steve Robert, its CEO.

The money: $5.5 million Series A round

Backer: Draper Triangle
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inVenture Founder and CEO Shivani Siroya poses for photographs at her home in Santa Monica, June 6, 2016. Photo by: Ann Johansson/For the Financial Times

Tala

What it does: Tala, led by CEO Shivani Siroya, makes small-dollar loans in Kenya and the Philippines and plans to expand into Mexico and India.

The money: $30 million Series B funding round

Backers: Venture capital firm IVP, Ribbit Capital, Lowercase Capital, Data Collective and Collaborative Fund
Mark Mullen and Anthony Thomson, cofounders of Atom Bank

Atom Bank

What it does: The U.K. challenger bank was the first mobile-only bank in that country. It is led by its Anthony Thomson, it is founder and chairman (left), and CEO Mark Mullen.

The money: $101.5 million, including $36 million from BBVA

Backers: BBVA, Woodford Investment Management, ToscaFund
Dave Girouard

Upstart

What it does: Founded by several former Google employees, the firm began making personal installment loans in May 2014. It is now looking to license its technology to financial institutions. It is led by CEO Dave Girouard.

The money: $32.5 million in its most recent funding round

Backers: Rakuten, an e-commerce firm in Japan, Third Point Ventures, Khosla Ventures and First Round Capital
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