Finovate Alumni News

On Finovate.com

  • Nubank Reaches Out to Brazil’s Underbanked with Addition of Digital Accounts.

Around the web

  • Built In Colorado names Gusto, Ping Identity, Personal Capital, Xero, PaySimple, Vantiv in its list of Top 100 digital tech companies in Colorado.
  • Compass Plus among the first software vendors to connect to the MirAccept 2.0 platform from NSPC.

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.

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.

Algomi

AutoGravity

Avalara

Behalf

Betterment

Blend

Chain

Coinbase

Credit Karma

Currencycloud

CurrencyFair

Fenergo

Financeit

Gusto (formerly ZenPayroll)

Juvo

Kabbage

Kensho

Kreditech

Klarna

LendUp

Moneytree

PayNearMe

Payoneer

Personal Capital

Plaid

Quantopian

Quovo

Revolut

Ripple Labs

Roostify

Signifyd

SocietyOne

Socure

Tink

Token

Tradeshift

Transferwise

TrueAccord

Trulioo

VATBox

Wealthfront

Xignite

Zooz

Zopa

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: Moonraft Innovation Labs

Around the web

  • Huron Community Bank of Michigan to leverage Insuritas to launch insurance agency.
  • Experian partners with reporting and analytics platform dv01 to enable dv01 clients to access to richer borrower credit attributes.
  • FIS teams with Verifone to enable consumers to pay at the point of sale using loyalty points linked to a credit or debit card.
  • Business Insider names Gusto, App Annie, and BlueVine as 3 startups to bet your career on in 2017.
  • Token announces strategic partnership with VirtusaPolaris.
  • TransferTo to provide bridge linking between EcoCash and Mama Money mobile money services.

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

  • Finovate Debuts: Juvo’s Identity Scoring Builds Credit for the Underserved.

Around the web

  • Techfoliance features Dyme, Personetics, and Finn.ai.
  • Cryptocoins news examines LendingRobot’s new automated hedge fund.
  • The CardLinx Association unveils Microsoft-developed, open source, card-linking software available to public.
  • Capital One forges strategic partnership with Bill.com and Gusto to develop financial management tools for SMEs.

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

  • Polly Portfolio Unveils Bespoke Custom Investing Platform for Financial Advisers”
  • “Top Direct-to-Consumer Wealth Tech Plays”

Around the web

  • CashStar announces digital gift card agreements with online marketplace OpenSky and Marcus Theatres.
  • Nasdaq.com profiles Moven, “the future of banking.”
  • Charlotte Business Journal names Passport among its Fast 50 award winners for its more than 475% revenue growth from 2013 to 2015.
  • Inc. lists Xero, Gusto, and PayPal among 8 business apps that will crush it in 2017.

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.

Finovate Alumni News

On Finovate.com

  • Trunomi Closes $3 Million Seed Round
  • Symbiont Completes Proof of Concept with R3, Credit Suisse, Ipreo
  • Qumram Unveils Compliant WhatsApp Social Media Recording Solution
  • Mastercard Now Allows Developers to Access Suite of APIs through Single Gateway
  • Check out today’s FinDEVr APIntelligence.

Around the web

  • D+H Expands Mortgagebot Platform with MortgagebotMobile.
  • Gusto (fomerly ZenPayroll) now serves 40,000 small businesses.
  • Entersekt and Meniga listed among 100 most promising African fintech companies of 2016.
  • Motif Investing transitions to subscription service; hints at plans to launch roboadviser.

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

  • Experian and Neustar Partner to Empower Marketers with More Data
  • Financial Guard Acquired by Legg Mason

Around the web

  • FIS wins “Most Disruptive” award at 2016 PYMNTS.com/Alexa Challenge.
  • Corezoid’s Alexander Vityaz talks chatbots and the mobile OS market in Venture Beat.
  • iSignthis to provide automated, digital KYC solution for TRADOLOGIC.
  • Cachet Financial launches two new enhancements to its Select Business Merchant Capture Solution.
  • Dwolla hints at a new dashboard for white-label integrations.
  • Entrepreneur interviews Josh Reeves, Gusto co-founder and CEO.
  • Jwaala now powers mobile banking for Avadian CU.

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.

San Francisco Business Times Ranks 4 Alums Among the Area’s Best Places to Work

The Bay Area is one of the hottest cities in tech right now, and with a city full of companies vying to hire the best talent comes plenty of competition in the form of job perks. The San Francisco Business Times recently released its list of the best places to work in the Bay Area in 2016.

The 125 companies that made the list were selected from a group of 400 nominees. Quantum Workplace created the rankings from survey data received from employees of nominated companies. The rankings are numeric, based on Quantum’s scoring process.

Four Finovate alums in four categories made the list:

Category: largest companies

Intuit

Rank: #4 in largest companies
2015 rank: #6 in largest companies
Founded: 1983
Best perks:

  • 8 weeks of paid parental leave
  • Subsidized rates for child care and elder care
  • Programs for pet-sitting and dog-walking

Intuit’s Mint demoed at FinovateSpring 2013 and its developer group presented at our 2015 FinDEVr event on the West Coast.


Category: large companies

Gusto (formerly ZenPayroll)

Rank: #5 in large companies
2015 rank: #1 in small companies
Founded: 2011
Best perks:

  • A ticket to visit anywhere in the world after an employee’s one-year work anniversary
  • New-hire workshops that expose employees to all aspects of the organization
  • Bimonthly meetings that openly discuss Gusto’s growth and financial situation

Gusto demoed (as ZenPayroll) at FinovateSpring 2014:


Category: mid-size companies

WePay

Rank: #20 in mid-size companies
Founded: 2009
Perks:

  • Free lunch and snacks
  • Gym membership
  • Family ski trip for all employees and their families

WePay demoed at FinovateSpring 2014


Category: smallest companies

Signifyd

Rank: #7 in smallest companies
Founded: 2011
Perks:

  • Catered lunch
  • Specialized coffee
  • Game room

Signifyd demoed at FinovateSpring 2013

To see the newest in fintech from the Bay Area, check out FinovateSpring, which comes to San Jose on May 10 & 11. Tickets are going fast so register soon.

Gusto, Formerly ZenPayroll, Closes on $50 Million Funding

GustoZenPayroll

Payroll and benefits provider, Gusto (formerly ZenPayroll), recently closed on $50 million. Specific investors were not disclosed, but the company states that both new and existing investors were involved.

According to Gusto, these funds are part of the Google Capital-led $60 million series B round announced in April. Gusto CEO Joshua Reeves explains, “We decided to take in more capital because we wanted to give investors a chance to increase their position. They’ve been incredibly supportive and helpful.”

Gusto filed with the SEC on 4 December, and closed the round in a week and a half. According to a VentureBeat article, Reeves disclosed that the new installment values Gusto “hundreds of millions of dollars higher” than the company’s $560 million valuation reported in April.

Gusto was founded as ZenPayroll in 2011 with a mission to make payroll delightful. In September, the company changed its name to Gusto and expanded its focus to include health benefits and workers compensation. The move positions Gusto to compete directly with Zenefits, which, having recently expanded into payroll services, describes itself as an “all-in-one HR platform.”

Gusto unveiled its payroll-processing platform at FinovateSpring 2014 in San Jose.

Finovate Alumni News

On Finovate.com

  • “Gusto, Formerly ZenPayroll, Closes on $50 Million Funding”
  • “U.K.-Based Yoyo Rolls Out Mobile Wallet in U.S.”

Around the web

  • B2B commerce technology company Handshake teams up with Xero.
  • Braintree launches new extension of its v.zero SDK in partnership with Magento Commerce.
  • CRIF Credit Solutions unveils new, fully responsive website geared toward international audiences.
  • Business Insider names Kabbage, Twilio, and Prosper as 3 of 42 startups that grew to be worth billions in 2015.
  • Top Image Systems to deploy eFLOW Digital Mailroom at GED Bulgaria.
  • NerdWallet’s five financial tips from robo-adviser CEOs feature insights from leaders of Betterment, Wealthfront, TradeKing Advisors, FutureAdvisor, and Personal Capital.
  • Nine months after launching, One Touch from PayPal reaches 10 million users in 23 countries.

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.