FinovateFall Sneak Peek: Bluescape

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FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on September 8 & 9, 2016. Register today.

Bluescape, a visual collaboration platform, enables financial UX/UI design teams to see the whole picture as they design, refine, and develop better products faster.


  • Cloud-native interactive workspace with an intuitive interface that encourages teams to defy conformity
  • Faster decision making with real time collaboration
  • Ultra-scalable, all-capturing

Why it’s great
With Bluescape, design teams can see the forest and the trees.Screen Shot 2016-08-23 at 9.42.37 AM

Nick Brown, Vice President of Products
Brown leads a team of designers to drive product strategy, user experience and product management. He brings more than 25 years of experience including leadership positions at SAP and Oracle.

Fintech Fundings: 102 Companies Raise $2.0 Billion in July

summer_money_pig_smallTotal funding worldwide in July was $1.95 billion from 106 deals compared to June with $1.6 billion across 186 deals. Due to our weekly tracking methodology there was an additional week in June, so average weekly deal flow was 37 in June compared to 27 in July. While that is a 30% decline month-over-month, July’s total was in line with the average of 28 deals per week YTD.

The weekly details can be found through the following links:

July closed with 21 deals announced in the final week. That makes it 29 weeks out of 30 this year surpassing 20. And for the first time in many years, not a single company was based in Northern California (and there was just one $100k seed deal in LA). The total amount raised was $681 million across 16 fundings with announced amounts (5 deals had undisclosed amounts). Of the total, $545 million was a massive debt infusion for alt-lender Elevate.

Two Finovate alums raised new rounds:

The total number of deals YTD stands at 839, about 400 more than last year’s 446. Total dollars raised YTD is $19.3 billion, double the $9.8 billion raised during the same period a year ago.


Fintech deals by size from 23 July to 29 July, 2016:

Latest round: $545 million Debt
Total raised: $615 million Debt (Unknown equity)
HQ: Fort Worth, Texas
Tags: Consumer, credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase

FINO PayTech
Marketplace lender
Latest round: $37.6 million ($200 million valuation)
Total raised: $37.6 million
HQ: Mumbai, India
Tags: Consumer, credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase

Gongzi Qianbao
Wallet & wealth management
Latest round: $30 million
Total raised: $30 million
HQ: Shanghai, China
Tags: Consumer, advisors, investing, wealth management, personal financial management, mobile, payroll
Source: Crunchbase

Exchange Corporation
Online exchange (AQUSH) for consumer loans
Latest round: $15 million Series B
Total raised: $27.8 million
HQ: Tokyo, Japan
Tags: Consumer, advisors, traders, investing, wealth management, trading
Source: Crunchbase

Alt-payment system
Latest round: $15 million Series B
Total raised: $23.3 million
HQ: Tokyo, Japan
Tags: Consumer, SMB, merchants, payments, POS, point of sale, aquiring
Source: FT Partners

Stored value technology
Latest round: $10 million
Total raised: $20 million
HQ: Bangalore, India
Tags: Institutions, debit/prepaid cards, payments, loyalty
Source: Crunchbase

Hepan Finance
Crowdfunding marketplace for small business capital
Latest round: $9.9 million Series A
Total raised: $9.9 million
HQ: Shanghai, China
Tags: SMB, commercial credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase

Giftcard exchange
Latest round: $9.5 million Series B
Total raised: $12.5 million
HQ: Tel Aviv, Israel
Tags: Consumer, payments, gift cards, prepaid cards, platform
Source: Crunchbase

Investing platform
Latest round: “7 figures” including $3.5 million from Peter Thiel
Total raised: Unknown
HQ: Koln, Germany
Tags: Consumer, advisors, traders, investing, wealth management, trading, Finovate alum
Source: Finovate

Platform for building and testing trading algorithms
Latest round: $2 million
Total raised: $23.7 million
HQ: Boston, Massachusetts
Tags: Consumer, advisors, traders, investing, wealth management, trading, quants, Finovate alum
Source: FT Partners, Finovate

Small business debit and current account
Latest round: $2 million Seed
Total raised: $2 million
HQ: London, England, UK
Tags: SMB, debit card, deposits, checking/current account, accounting, spending tracking
Source: Crunchbase

Crowdfunding marketplace for small business capital
Latest round: $750,000
Total raised: $3.5 million
HQ: Stockholm, Sweden
Tags: SMB, commercial credit, loans, underwriting, person-to-person, P2P, investing
Source: Crunchbase

Crypto-currency trading tools
Latest round: $400,000
Total raised: $500,000
HQ: Milwaukee, Wisconsin
Tags: Consumer, traders, investing, bitcoin, blockchain
Source: Crunchbase

Mobile accounting
Latest round: $235,000 Seed
Total raised: $235,000
HQ: Ulricehamn, Sweden
Tags: SMB, accounting, VAT, bookkeeping, invoicing, billpay, accounts receivables
Source: Crunchbase

Zero commission stock tradig app
Latest round: $225,000 Equity Crowdfunding
Total raised: $225,000
HQ: London, England, UK
Tags: Consumer, investing, trading, mobile, stocks
Source: Crunchbase

Latest round: $100,000 Convertible Note
Total raised: $100,000
HQ: Los Angeles, California
Tags: Consumer, payments, merchants, acquiring, content, WordPress
Source: Crunchbase
Financial services price comparison site
Latest round: Not disclosed
Total raised: Unknown
HQ: Agen, France
Tags: SMB, consumer, credit, insurance, price comparison, discovery, lead gen
Source: Crunchbase

Korea Credit Data
Small business risk scores
Latest round: Not disclosed
Total raised: Unknown
HQ: Seoul, South Korea
Tags: Institutions, lenders, SMB, commercial credit, underwriting
Source: Crunchbase

Online invoicing platform
Latest round: Not disclosed
Total raised in prior rounds: $600,000
HQ: Tokyo, Japan
Tags: SMB, accounting, billing
Source: Crunchbase

Smart Pension
Pension enrollment platform
Latest round: Not disclosed
Total raised: $4.8 million prior to latest round
HQ: London, England, UK
Tags: SMB, investing, pension, HR, employee benefits
Source: FT Partners

Data storage solutions for financial markets
Latest round: Undisclosed debt
Total raised: Unkown
HQ: London, England, UK
Tags: Institutions, developers, storage, IT, security, compliance, HSBC (investor)
Source: FT Partners

LendUp Gets a Leg Up with $47 Million

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Payday lender-alternative LendUp landed $47 million in series C funding this week. Y Combinator’s growth fund, Y Combinator Continuity, led the round. Google Ventures, Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle Impact, Bronze Investments, SV Angel and other angels also contributed.

The $47 million brings the company’s total funding to just over $110 million. LendUp will use the funds to build LCard, a credit card with a companion mobile app designed to help users build credit.

Founded in 2011, LendUp aims to help consumers rejected by banks find a safe alternative to payday lenders. The San Francisco-based company offers three main products:

  • LendUp Loans, a payday loan alternative that lets users borrow up to $250 for 30 days
  • LCard, a credit card made for those who have historically struggled with credit
  • Educational materials, free online courses to give cardholders the information they need to make decisions about their financial future

The company’s CEO Sasha Orloff told TechCrunch that the new round brings LendUp’s valuation “substantially higher than the last time.”

Cofounders CEO Sasha Orloff and CTO Jacob Rosenberg debuted the company’s API at FinovateSpring 2014. The API exposes LendUp’s core to allow partners to leverage its platform. The company won Best of Show at FinovateSpring 2013 for debuting its product that helps the underbanked build credit.

Narrative Science Turns Images into Insights for Tableau Software


Is a picture really worth 1,000 words? Thanks to a new partnership between data-visualization solution-provider, Tableau software, and natural language generation (NLG) specialist, Narrative Science, we may soon find out.

With the new Narratives for Tableau, users of Tableau Server and Tableau Public will be able to generate natural language explanations of their data visualizations. Narratives for Tableau is available as a free Google Chrome extension, and the company says the extension is the “first step” toward a greater integration between the two technologies. “We are thrilled to be partnering with Tableau, a company that equally shares our passion of helping people understand their data and act on it immediately,” Narrative Science CEO Stuart Frankel said. He praised the idea of putting Advanced NLG technology at the front of the data-discovery process, which he said gives users “the best and easiest asset for understanding and sharing information narratives.”


Click image to see a video of Narratives for Tableau’s features.

Francois Ajenstat, chief product officer for Tableau, said that empowering customers and providing easy-to-use technology were important to his company. Narratives for Tableau, said Ajenstat, is an example of both concepts, and provides an opportunity to “further enable Tableau users to quickly understand what is most interesting and important in their data.”

Narrative Science’s work with Tableau is the latest in a series of recent collaborations. The company partnered with Vermilion Software in May, enabling asset managers to use NLG technology to create portfolio commentary. In April, Narrative Science unveiled Narratives for Power BI, a new extension developed in partnership with Microsoft that gives managers “insightful stories” from their business intelligence data. The company began the year with the launch of Narratives for Qlik, which adds NLG narratives to Flik’s visual analytics and business intelligence functionality.

Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science demonstrated its Quill Financial solution at FinovateFall 2013.

FinovateFall Sneak Peek: Fiserv

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FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 8 2016. Register today.

Fiserv delivers deep expertise and innovative solutions to help financial institutions move beyond traditional banking and provide consumers with a complete and seamless banking experience.


  • Positions financial institutions to disrupt the social lending space
  • Allows customers to obtain social-funded loans through trusted financial institutions
  • Uses biometrics to simplify verification

Why it’s great
By utilizing proven mobile banking and payments technologies from Fiserv, financial institutions can deliver a rich and compelling banking and lending experience across digital and physical channels.Screen Shot 2016-08-23 at 10.01.47 AM


Andrew Barnett, Principal Digital Banking and Payments Consultant
Barnett is experienced in innovation development and a recognized thought leader responsible for implementing prototypes and showcasing them throughout the globe.

Screen Shot 2016-08-23 at 10.03.14 AMElizabeth Santorelly, Innovation Manager
Santorelly leads the Innovations team in developing the strategy, technology and user experience that generate value and support for financial institutions.

FinovateFall Sneak Peek: EyeVerify

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FF2016-Logo-wdate-largeA look at the companies that will be demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

EyeVerify unlocks every opportunity with Eyeprint ID. One look logs you into banking apps and secures your mobile payments.


  • Fast, accurate mobile authentication for banking and payments
  • Scalable, software-only solution that uses existing smartphonesScreen Shot 2016-08-23 at 10.30.14 AM
  • Uses biometric data to generate a high entropy key


Chris Barnett, EVP Global Sales & Marketing
LinkedInScreen Shot 2016-08-23 at 10.31.20 AM

Tinna Hung, Director of Marketing

FinovateFall Sneak Peek: nanoPay

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FF2016-Logo-wdate-largeA look at the companies that will be demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

nanoPay’s MintChip has been developed to offer efficient payment transactions in a variety of channels for developed and emerging markets, bringing all the benefits of cash to the digital age.


  • The core MintChip model is a simple, direct asset-transfer model
  • Payments are immediate and irrevocable, no intermediary
  • Cost and performance can be optimized

Why it’s great
Unlike conventional electronic payment systems, MintChip can operate in both offline and online modes, unreferenced to any trusted party. It provides a low-cost, omnichannel solution for businesses.


Laurence Cooke, CEO and Founder
Cooke is the former COO of Bell Mobility and Bell Distribution Inc. and the former VP wireless for Shaw Communications Inc. He also held positions at Accenture, United Kingdom, focused on high tech and telcos.

Simon Keogh, Chief Marketing Officer NanoPay_simon
Keogh comes to nanoPay from LoyaltyOne where he led new innovation and mobile strategy for their air miles reward program. He has 20+ years’ experience designing and developing award-winning products.

FinovateFall Sneak Peek: LendingFront

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FF2016-Logo-wdate-largeA look at the companies demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

LendingFront is a highly sophisticated cloud-based platform for lenders that need a faster, more efficient, and automated way to lend to small businesses.


  • Integrates cash-flow data or any type of data into the lending process
  • Builds and quickly deploys custom loan products
  • Little or no need for heavy legacy system modifications or integrations

Why it’s great
LendingFront operationalizes the lending process into a single, highly automated platform.Screen Shot 2016-08-23 at 9.22.10 AM


Jorge Sun, CEO
Sun is a founding team member and company director at On Deck Capital. He formerly headed up Capital One Bank’s small business risk team and has held senior leadership roles at JPMorgan Chase and American Express.
LinkedIn  Screen Shot 2016-08-23 at 9.22.25 AM

Dario Vergara, CTO
Vergara is the former head of technology at On Deck Capital, and filled the same role for Bonobos.

Finovate Alumni News


Around the web

  • NCR launches innovation lab at its new global headquarters in Atlanta, Georgia.
  • London-based BACB to replace its legacy IT systems with CorporateSuite from Temenos.
  • TransferTo integrates paysafecard as payment option within Safemoni app.
  • Slice launches browser add-on to send an email when the price of an item drops.
  • Kasasa now has 400 community FIs using its rewards account offering.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


Last Call for FinovateAsia 2016 Demo Applications!

FA demo

Got a new fintech innovation you’re looking to showcase? The final application deadline to demo at FinovateAsia 2016 is coming up this Friday, August 26. If you’re looking to make serious inroads in Asia and want to reach the movers and shakers, submit an application this week (see below for more details).

Finovate is the only conference focused exclusively on showcasing the best and most innovative new financial and banking technologies via seven-minute live demos. Finovate conferences consistently attract large, high-impact audiences of high-level financial and banking executives, press and industry analysts, venture capitalists, regulators, and entrepreneurs. We’ve seen dramatic growth at all our 2016 events, and we’re excited to take Finovate to Hong Kong for the first time on November 8.

For presenters, Finovate is a powerful platform to:

  • Drive product adoption of the latest and most cutting-edge solutions in fintech
  • Showcase new, high-impact technology in front of an influential audience
  • Generate press recognition, find customers, network with peers, raise capital, and discover partners

If this lines up well with your strategic plans, then FinovateAsia is the opportunity you’ve been waiting for!


If you are interested in applying to demo at the event, follow these steps:

  • Review the informational PDF for prospective presenters here: It contains details on the event, application process and criteria, presenter package, and pricing.
  • Once you’ve reviewed the PDF and are ready to move forward, submit an application by this Friday, August 26, 2016, at the following link:
  • We’ll review your application and will be in touch in mid-September.

We look forward to reading your application!

P.S. If this reminder is taking you by surprise, let us know at, and we will happily extend the deadline into next week.

FinovateAsia 2016 is sponsored by: InvestHK/ and more to be announced.

FinovateAsia 2016 is partners with: BankersHub, Big Data Made Simple, CelentCoinTelegraph, CrowdFundBeatFemTechLeaders, Finolab, Fintech Finance, Fintech News SingaporeHarrington StarrKorea FinTech Forum, Miss FQSME Finance ForumSwiss Finance + Technology Associationand Verdict Financial.