Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million

This week, three Finovate alums announced significant funding, totaling more than $34 million.

Kony: provides mobile app and multi-channel solutions

• Amount: $18.3 million Series D
• Investor: Telstra Ventures 
• Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
• Total Raised: $52.4 million
• Founded: 2007
• FinovateFall 2011 demo

peerTransfer: provides solutions that lessen the cost of international student tuition payments 

• Amount: $6.4 million
• Investors: QED Investors, Spark Capital, Maveron, FIDES and KIBO Ventures.
• Funding purpose: Accelerate expansion of product
• Total Raised: $14.9 million
• Founded: 2009
• FinovateSpring 2011 demo

The Receivables Exchange, an online marketplace for buying and selling accounts receivables

• Amount: $10 million
• Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
• Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
• Total Raised: $39.8 million
• Founded: 2007
• FinovateFall 2010 demo