Convertible Note Funded Financial Services Startups
Across the 18 most recent convertible-note rounds in Financial Services, the largest disclosed amount is Baseload Capital’s $24M (2022-10-19), which stands…
Across the 18 most recent convertible-note rounds in Financial Services, the largest disclosed amount is Baseload Capital’s $24M (2022-10-19), which stands out sharply from the rest of the disclosed figures clustered far below that level (e.g., Wealthfront at $70M is disclosed, but in this table the standout within the upper-right of the distribution remains Baseload Capital at $24M versus many sub-$5M rounds). Several entries also use “undisclosed” amounts, appearing 4 times (WeCashUp 2022-09-07; Ondato 2022-08-01; Lance 2022-05-01; Waffle Labs 2022-05-01; Sudrania Fund Services 2021-11-18).
Date-wise, the active window is 2021-08-10 (Just Auto Insurance) through 2022-10-19 (Baseload Capital), with heavy concentration in September 2022 (Flowpay 2022-10-05; Bart Digital 2022-09-15; Insly 2022-09-14; WeCashUp 2022-09-07; Wealthfront 2022-09-02). Geographically, the list is split between the US, UK, and several EU locations (e.g., Wealthfront in Palo Alto, Dave in Los Angeles, and Insly in London), without a single city repeating as a dominant hub.
Most recent rounds
18 shownRelated listings
Frequently asked
Which disclosed round is the clearest size outlier in this convertible-note Financial Services set?
The most prominent disclosed figure is Wealthfront’s $70M (2022-09-02), which is substantially larger than other disclosed rounds shown, such as Dave at $100M (2022-03-21) and Jarden at $40M (2022-02-21), and it sits well above many smaller disclosed entries like Paytron’s $4M (2022-03-22) and DirectID’s $3M (2022-01-24).
How concentrated are deal dates in the most recent part of the table?
A cluster forms in September 2022: multiple rounds land within weeks of each other, including Wealthfront ($70M, 2022-09-02), Insly ($1M, 2022-09-14), Bart Digital ($970K, 2022-09-15), and WeCashUp (undisclosed, 2022-09-07).
Are “undisclosed” amounts common enough to affect comparisons, and where do they appear?
Yes. “Undisclosed” shows up multiple times across the period: WeCashUp (2022-09-07), Ondato (2022-08-01), Lance (2022-05-01), Waffle Labs (2022-05-01), and Sudrania Fund Services (2021-11-18), which means any ranking based only on disclosed amounts will exclude five of the 18 rows.
Do any countries or cities appear repeatedly, suggesting a geographic concentration?
London appears more than once (Insly 2022-09-14 at £/UK listing, and Ondato 2022-08-01; plus the list otherwise spans multiple countries like the US (Wealthfront in Palo Alto; Dave in Los Angeles) and Australia (Paytron in Sydney), indicating distribution rather than a single-city hub.
Which edge of the timeline shows the oldest and most recent rounds in this slice?
The oldest row shown is Just Auto Insurance (2021-08-10) with $5M, while the most recent is Baseload Capital (2022-10-19) with $24M, defining a range from August 2021 through October 2022.
Is there a pattern of large rounds separated by low-single-digit disclosed amounts?
Several disclosed rounds fall in the $40M–$100M band (e.g., Dave $100M on 2022-03-21; Jarden $40M on 2022-02-21; Wealthfront $70M on 2022-09-02; G.O.A.T Brand Labs $50M on 2022-04-20), alongside much smaller disclosed deals such as Flowpay ($150K, 2022-10-05) and Yanda ($100K, 2022-03-03), creating a high-variance distribution within the same convertible-note format.
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