Finovate Alumni News

On Finovate.com

  • Digital Experience Specialist Configo Launches Cloud Environment.

Around the web

  • Spanish bank IberCaja deploys digital banking technology from Meniga.
  • Fiserv to help prepare European banks for transition to real-time payments.
  • BBVA and Samsung partner to bring iris scanning technology to smartphones.
  • VISA announces bank partnerships in preparation for Visa B2B Connect commercial launch in 2018.
  • Everest Group names billpay service specialist doxo to list of Top 40 FinTech Trailblazers.
  • FST Media interviews Avoka Chief Experience Officer Derek Corcoran.
  • RealtyMogul wins Gold Stevie Award for Company of the Year in the Consumer Services category.

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.

doxo Surpasses 30,000 Payable Billers on its Platform

Consumer bill pay service doxo announced it reached a milestone today. The Seattle-based company now has more than 30,000 billers on its platform, allowing users the ability to pay even more companies from a single website.

This achievement also gives doxo a new status– the Seattle-based company now has more billers on its platform than any other bill paying service in the U.S. The company attributes the growth to the network effect between users and billing service providers. That is, doxo’s user base of 2 million consumers add billers who they want to pay to the platform while billers join the platform to offer their clients a fast, easy way to pay.

The company’s CEO and co-founder Steve Shivers said that the accomplishment is an “important milestone” for the company, especially when coupled with the fact that doxo surpassed 2 million users earlier this year. “The most compelling service we provide to our users is the ability to pay all of their bills from a single, secure, mobile-friendly account,” Shivers said.

doxo is compatible with existing billing systems and allows billers to electronically connect for free. The platform offers a simplified experience for end users and provides a complete online payment system for billers who have yet to go digital. Among the company’s list of billing partners are AT&T, National Grid, Puget Sound Energy, Kansas City Light, and more providers across finance, utilities, healthcare, telecom, banking, and insurance sectors.

doxo debuted its Control Panel at FinovateSpring 2011. The company received the 2015 Washington Excellence Award for Consumer Payments and Customer Service and most recently was named to the Red Herring Top 100 North America Winners in 2017. Founded in 2008, doxo has raised $18.8 million.

Finovate Alumni News

On Finovate.com

  • National Bank of Canada Joins SecureKey’s Digital Identity Network.
  • P2Binvestor Launches Bank Partnership Program.
  • doxo Surpasses 30,000 Payable Billers on its Platform
  • Contextual Commerce Platform Omnyway Raises $12.75 Million in Series A.

Around the web

  • ConnectOne Bank ($4.7 billion in assets) to deploy nCino’s Bank Operating System.
  • ACI Worldwide partners with European clearing and settlement firm, STET, to bring real-time payment solution to PSPs.
  • FICO reports increased accuracy of its Enterprise Security Score when it comes to predicting data breaches.
  • Finastra moves its payments solution to the cloud via Microsoft Azure.
  • Trusted Knight partners with eTECH Channel.
  • CloudTrade and Taulia partner to enable businesses to transition to paperless invoicing.
  • iSignThis’ ISXPay initiates further Australian card acquiring/processing contracts.
  • BancPass announces license agreement with mobile tolling provider PayTollo.
  • EFL a finalist in the 2017 MIT Inclusive Innovation Challenge.
  • Datanami article on bot technology features insights from Narrative Science CEO Stuart Frankel.
  • MoneyMarketing highlights SpyCloud in a look at the safety of life and pensions company data.

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.

Finovate Alumni News

On Finovate.com:

  • Build Intelligent Apps at Enterprise Scale with Ayasdi Envision.
  • PayPal’s Venmo Goes Head-to-Head with Zelle, Square Cash, and… Amazon

Around the web

  • EverSafe earns spot among the winners of Centre for Financial Services’ Financial Solutions Lab competition.
  • FIS introduces test solution to help FIs embrace real-time payments.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • BBVA taps into biometrics with new firm Veridas.
  • Expensify integrates with FinancialForce Accounting and PSA.
  • Rabobank selects Finastra (the merger of Misys and D+H) payment services hub for cross-border payments.

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.

Finovate Alumni News

On Finovate.com

  • “IBSSMail from IBSS Brings Multifactor, Biometric Authentication to Email”

Around the web

  • Hudson River Financial FCU ($51 million assets) hires Insuritas to launch insurance agency.
  • BizEquity partners with Entrepreneur to create a new valuation and performance center for its business community.
  • Intech Worldwide and Forte Payment Systems form partnership.
  • Linkable Networks launches a fully digital shopper-attribution solution to bridge digital and in-store.
  • Dutch Prime Minister Mark Rutte opens new Backbase U.S. headquarters in Atlanta, Georgia.
  • Lending Club CEO Renaud Laplanche named to Bloomberg Markets 50 Most Influential list.
  • doxo wins 2015 Washington Excellence Award for Consumer Payments and Customer Service.

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.

Doxo Launches Email Import Function on iOS

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Ever wish there was a better way to archive emails from multiple accounts so you could organize them all in one place on your mobile device?

Doxo, the cloud storage company that makes it easy to store and organize sensitive documents, photos, and pay bills, announced today the launch of its Email Import function for iPhone. 

With Email Import users can automatically import, organize, and archive emails from their personal email accounts hosted with:

    • Gmail
    • Yahoo!
    • iCloud
    • Outlook
    • Hotmail
    • Comcast Xfinity
    • …and others 
To get started, users select Email Import from the menu:
doxoEmailImport
Then select + to add their accounts:
doxoEmailImport2

When finished, they can automatically import, archive and organize their personal emails from their mobile device for free.

doxo debuted its Control Panel at FinovateSpring 2011. You can check out the demo video here.

Alumni News– July 10, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOptimal Payments announces partnership with Oink.
  • Braintree releases v.zero SDK, featuring support for Pay with PayPal.
  • Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.
  • Segmint named a Preferred Vendor of MAGNET Global Network.
  • Holvi preps to launch into Irish marketplace.
  • doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.
  • Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.
  • Cachet Financial Solutions prices Initial Public Offering.
  • DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.
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.

Alumni News– July 1, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPuget Sound Business Journal profiles Doxo co-founder and CEO, Steve Shivers.
  • Techcrunch column on the “un-banking of America” highlights a dozen Finovate alums.
  • Mentors International deploying Mambu’s cloud banking platform.
  • Finovate alums raise more than $600 million for second quarter in a row.
  • People’s Trust Federal Credit Union teams up with Insuritas to provide insurance solutions for its 26,000 members.
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.

Finovate Alumni News– April 24, 2014

  • Finovate-F-Logo.jpgLinkable Networks teams up with Ohana to deliver card-linked savings.
  • Actiance launches its Actiance Technology Partner Program.
  • Check Point Software Technologies launches new 41000 Security System, expanding its network security portfolio.
  • The Paypers interviews ThreatMetrix CEO, Reed Taussig.
  • Kantox announces formation of European Advisory Board.
  • doxo launches real-time business analytics and market data for service providers.
  • The Simple customer experience as experienced on a 3 week bike trip to FinovateSpring.
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.

Finovate Alums Raise $600 Million in First Quarter of 2014

FinovateFundingIMG.jpg

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.
Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million. 
But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.
Total raised = More than $592 million
January — $91 million raised by seven companies
February — $139 million raised by seven companies
March — $362 million raised by nine companies

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com