Cardlytics

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Compass Plus, CSI globalVCard, Lendio, Moven, Silanis Technology, Temenos, True Potential

On Finovate.com

  • “Moven Partners with CommonBond and Payoff for Customer Loan Refinancing”
  • “True Potential Scores Significant Investment from FTV Capital”

Around the web

  • MoneySummit interviews Brock Blake, Lendio CEO and founder.
  • PYMNTS interviews CSI globalVCard about trends guiding the evolution of payments in fleet.
  • AdExchanger considers Cardlytics use-cases.
  • WealthSuite from Temenos goes live at Nordea Bank Luxembourg.
  • Compass Plus earns PCI DSS version 3.1 certification.
  • ISCS integrates eSignLive into its SurePower Innovation modern enterprise suite.

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

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Finovate Alumni News

By David Penn Posted on
Categories: Blackhawk Network, Cardlytics, Diebold, ebankIT, EyeLock, Gem, ID.me, Moven, Spiff, SuiteBox, Trustly

On Finovate.com

  • “Moven Launches Offers with Four Merchant Partners”
  • “Gem Raises $7 Million in Series A”

Around the web

  • Blackhawk Network acquires GiftCards.com and OmniCard for $120 million.
  • EyeLock partners with Diebold to develop new ATM experience using mobile app, QR codes, and iris scanning.
  • Trustly partners with GoldMoney’s BitGold to connect with financial institutions for direct deposits and redemptions.
  • LiveRamp interviews Cardlytics CMO Dani Cushion.

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

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, blooom, Cardlytics, Coinbase, DriveWealth, Entrust Datacard, LendingRobot, Markit, Prosper, Signifyd

On Finovate.com

  • “Coinbase Unveils America’s First Bitcoin Debit Card”
  • “Blooom Named “One in a Million” in Kauffman Foundation Startup Competition”

Around the web

  • Cardlytics ranked 25 on Deloitte’s Technology Fast 500.
  • Entrust Datacard’s Kurt Ishaug named one of 24 CFOs of the year by the Minn./St. Paul Business Journal in the “large private company” category.
  • Prosper Marketplace announces mobile SDK for the marketplace lending industry.
  • DriveWealth adds Carlo Macchi as director of global institutional accounts. See DriveWealth at FinovateEurope 2016 in London in February.
  • PYMNTS.com interviews Arroweye Solutions’ President and CEO Render Dahya on payment trends in 2015.
  • TRADE names Markit to its Hall of Fame.
  • Signifyd releases extension for the Magento 2 platform.
  • LendingRobot to bring its automated robo-investing to Funding Circle’s small-business lending marketplace.

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

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Finovate Alumni News

By David Penn Posted on
Categories: blooom, Cardlytics, MasterCard, Mitek, Spreedly, Top Image Systems, Vouch

On Finovate.com

  • “Spreedly Raises $2.5 Million in New Funding”

Around the web:

  • BNY Mellon to deploy iRemit, a cloud-based remittance solution from Top Image Systems.
  • Vouch Financial CEO Yee Lee weighs in on the future of banking.
  • Cardlytics partners with MasterCard to deliver card-linked services.
  • New York Magazine profiles Blooom President Greg Smith, a former Goldman Sachs banker.
  • Mitek adds facial recognition to its ID document-verification solution, Photo Verify.

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.

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Four Finovate Alums Land on Inc. Magazine Top 100

Four Finovate Alums Land on Inc. Magazine Top 100
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Kabbage, Prosper, WePay

Inccollage

Last week, Inc. Magazine published its annual ranking of private American companies based on 3-year revenue growth.

Four out of the top 100 companies are Finovate alums:

KabbageLogo2015Kabbage, provides working capital to small businesses online:

WePayLogoWePay, payment technology provider for online platforms and marketplaces:

ProsperLogoProsper, online P2P lending platform:

CardlyticsLogoNewCardlytics, a card-linked offers platform that provides big-data insights to financial institutions

Further down this year’s list are Payoneer, ranked 1976; CAN Capital, ranked 3206; Forte Payment Systems, ranked 4,466.

Having four alums among the 100 fastest-growing companies is a testament to fintech’s recent growth spurt. Last year, only two—Lending Club (ranked 248) and OnDeck (ranked 726)—made the top 1,000. Since both went public in late 2014, neither qualified for this year’s list.

The increasing number of Inc.’s 500 fintech companies is partially fueled by the swell in funding over the past few years. Inc. Magazine noted this trend in its recent article, Why Fintech Is One of the Most Promising Industries of 2015. It primarily focuses on WePay’s achievements but also highlights growth and success stories throughout the industry.

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Finovate Alumni News

By David Penn Posted on
Categories: 3E Software, Avoka, Backbase, Bluefin Payment Systems, Cardlytics, CrowdFlower, Dwolla, FIS, Kabbage, Lending Club, Prosper, Tradeshift, Tyfone, WePay

On Finovate.com

  • “FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday“
  • “Finovate Debuts: 3E Software’s Teslar is a Toolbox for Credit Management”
  • “New Investment in Tyfone Takes Total Capital to $12 Million”

Around the web

  • FIS to purchase SunGard for $9.1 billion.
  • Lending Club launches its Open Integration program, unveiling a suite of APIs for online advisers and broker-dealers.
  • In Gartner’s latest report, Backbase scores twice in the top 5 for the B2C Informational and B2C Transactional use cases.
  • Bluefin Payment Systems partners with EchoSat to protect point-of-sale systems from security breaches.
  • Inc. ranks Kabbage as 36, WePay as 62, Prosper as 86, and Cardlytics as 88 in a list of the 5,000 fastest-growing private companies in America.
  • Column in Stars and Stripes highlights CrowdFlower in discussion on micro-work.
  • TradeShift to acquire Merchantry for $30 million.
  • Dwolla adds two-factor authentication for full account holders.

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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, BankBazaar, BioCatch, CardFlight, Cardlytics, InComm, Lendio, TickerTags, TransferTo, TransferWise, Yodlee

On Finovate.com:

Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Cardlytics, Karmic Labs, ThreatMetrix, Xero

On Finovate.com

  • “12 New FinDEVr 2015 Presenters Announced“
  • “A Dash of Good Karma: Karmic Labs Raises $5 Million”

Around the web

  • Cardlytics wins 2 Silver Stevies at 2015 American Business Awards.
  • Xero adds payroll availability in Nevada and Illinois.
  • ThreatMetrix wins Gold, Silver and Bronze awards in three categories at Network Products Guide 2015 Hot Companies and Best Products Awards.

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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bionym, Cardlytics, FutureAdvisor, Jack Henry, Kofax, Lighter Capital, Numbrs, Nutmeg, PayPal, planwise, ProfitStars, QuantConnect, Tradeshift, TransferWise, Trulioo, Yodlee

Around the web

  • Seeking Alpha explains why a merger between Yodlee and FutureAdvisor makes sense.
  • Xconomy features Vince Turner’s Planwise.
  • American Banker features how Seattle-based Lighter Capital loans money to tech startups.
  • Cardlytics Wins 2 Silver Stevie Awards at 2015 American Business Awards.
  • Tradeshift to partner with C2FO to expand dynamic discounting solutions to a broader network of suppliers and buyers.
  • Financial Conduct Authority mentions how Nutmeg explains its fees and charges graphically.
  • Jack Henry acquires Bayside Business Solutions.
  • Fox News features Trulioo, Bionym, TransferWise, Kofax, and Numbrs in its column on “10 CEOs who are disrupting finance with technology.”
  • ProfitStars introduces Call Report Pro CU, a solution for meeting regulatory reporting requirements.
  • Hedgeweek takes a look at how QuantConnect enables quantitative traders to operate at a low cost.
  • PayPal acquires money-transfer provider Xoom.

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.

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AlwaysOn’s OnFinance Top 100 Features 30 Finovate Alums

AlwaysOn’s OnFinance Top 100 Features 30 Finovate Alums
By David Penn Posted on
Categories: Bill.com, Blockchain, CAN Capital, Cardlytics, CashStar, Coinbase, Credit Karma, Dealstruck, DemystData, Dwolla, Expensify, Flint Mobile, FutureAdvisor, Kabbage, LendUp, Motif Investing, PayNearMe, peerTransfer, Personal Capital, Prosper, Quantopian, Ripple, Swipely, Wealthfront, WePay, Xignite

AlwaysOn_homepage

More than a quarter of the companies recognized in AlwaysOn’s first OnFinance Top 100 roster are Finovate alums.

The OnFinance Top 100 is designed to recognize the Top 100 private companies in fintech. The list was chosen by the AlwaysOn editorial team, along with several venture capital firms and industry experts. The criteria included degree of innovation, market potential, commercialization, stakeholder value, and “media buzz.”

The list is divided into six categories, and Finovate alums are well represented in each. Category winners will be announced at Always On’s event at the NASDAQ OMX in New York City at the end of April 2015.

Banking and corporate finance

Big data and analytics

Capital markets and investing

Digital currencies

Payment platforms

Personal finance management

Headquartered in Menlo Park, California, AlwaysOn was founded in 2003 by Tony Perkins, founder and editor of Red Herring magazine. The company serves as a networking and social media platform for technology professionals in variety of fields, and has a membership of more than 5,000.

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Finovate Alumni News

By David Penn Posted on
Categories: Bitbond, Cardlytics, CashEdge, Kony Solutions, MicroStrategy, MX, peerTransfer, Ripple, ThreatMetrix, Toopher, TradeHero, Trustev, WattzOn
  • Business Standard looks at the partnership between TradeHero and OANDA.
  • P2Binvestor reaches $50 million invoices-funded milestone.
  • Ripple Labs adds former State Department policy official, Anja Manuel, as advisor.
  • peerTransfer picks Digital River to provide payment processing.
  • Trustev Wins Most Disruptive Technology Award at SXSW.
  • WattzOn to participate in Georgetown University Energy Prize competition to help communities reduce energy consumption.
  • Toopher raises $200,000 of planned $300k financing round.
  • Fifth Third Bank launches online money movement solution from CashEdge.
  • Finovate Debuts: How Bitbond Leverages Bitcoin to Benefit Borrowers and Lenders.
  • Madrid-based Banco Mare Nostrum implements MicroStrategy as its analytics standard to drive analysis and insight for its employees.
  • American Banker features David Pinski’s move from a bank to a startup, Zumigo.
  • Payment Week interviews Cardlytics on how big data is changing consumer engagement.
  • American Banker: Ripple Labs hires Anja Manuel, a former U.S. State Department official, as company adviser.
  • Ovum names Kony a leader, recognizes it for its comprehensive cloud-based mobile solution.
  • ThreatMetrix enhances TrustDefender Mobile to help businesses meet new payment card industry data security standards.
  • Spring and All: FinovateSpring 2015 Presenters Revealed!

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.

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Cardlytics Pulls in $70 Million in Series F Round, Prepares for IPO

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Funding

CardlyticsLogoNew.jpg

Card-linked offers company, Cardlytics, closed a $70 million Series F round yesterday. The round was led by Discovery Capital, who will appoint a representative to Cardlytics’ board.

The Wall Street Journal reports that, with this newest installment, the Atlanta-based company has raised a total of $170 million since it was founded in 2008. Past investors include:

    • Groupe Aeroplan
    • Canaan Partners
    • ITC Holdings
    • Kinetic Ventures
    • Polaris Venture Partners
    • TTV Capital
    • Aimia

The company plans to use the funding to develop products that analyze data in new ways. It will not only help the merchants, who pay Cardlytics to list their offers, but it is also good news for its 400 bank partners.

This includes Bank of America, who uses the company’s technology to power its BankAmeriDeals (below). This year, Cardlytics anticipates the banks’ cut of payment it receives from merchants will add up to $20 to $25 million.

CardlyticsTablet1.1.jpg

The company plans to go public within the next 18 months. According to Cardlytics co-founder and President, Lynne Laube:

“We want to be ready to take advantage of the market, and getting ready for an IPO takes work.”

Check out Cardlytics’ demo from FinovateFall 2013, where it debuted its Gelocation Application.

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