Kreditech Archives - Page 4 of 5

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on May 19, 2015
Categories: ACI Worldwide, Avoka, Bill.com, BillGuard, Cloud Lending, Coinbase, Credit Karma, Credit Sesame, D3 Banking, INETCO Systems, Intuit, Jumio, Kabbage, Kony Solutions, Kreditech, MasterCard, On Deck Capital, PayItSimple, PayPal, planwise, Prosper, Ripple, TransferWise, Trulioo, ValidSoft, Venmo, WePay, Zopa

On Finovate.com

PayItSimple Pulls in $10 Million Line of Credit

Check out FinovateSpring 2015 in the Press

Ripple Labs Reels in $28 Million, Eyes Asia Expansion

P2P Lending Meets High Street Banking as Metro Bank Partners to Lend via Zopa

Credit Sesame Raises $16 Million in New Funding

Planwise Raises $750,000, Nearly Doubling Total Capital

Around the web

Fox Small Business News names 11 Finovate alums in list of Hot Fintech Startups to watch.

Edenred México S.A. incorporates INETCO’s Insight software platform.

D3 Banking taps Jeffrey Walker as chief information security officer.

MasterCard launches P2P payments service, MasterCard Send, to help businesses reimburse rebate consumers without checks.

nTrust to deploy ID verification technology from Trulioo.

North American Savings Bank (NASB) partners with ACI Worldwide for online, mobile banking and billpay.

Avoka, Bill.com, BillGuard, CoinBase, Credit Karma, Jumio, Kabbage, Kreditech, OnDeck, Prosper, TransferWise, Trulioo, Venmo and WePay earn spots on Inc.com’s “20 Financial Technology Startups You Need to Know.”

ImageWare selects ValidSoft’s voice biometrics solution.

Kony teams with Citrix, to offer customers a mobile app solution from mobile design and development to enterprise mobility operations.

Altifi.com features Cloud Lending Solutions’ Cloud Lending Exchange.

ZD net: Intuit tightens PayPal integration with data synchronization 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on May 11, 2015
Categories: ACI Worldwide, AlphaClone, Bright Funds, Fastacash, itBit, Kreditech, Lending Club, Motif Investing, Prosper, Silanis Technology, Toshl, Zopa

On Finovate.com

FinovateSpring 2015: It’s time for a Fintech Showdown in San Jose

Around the web

Forbes column on a “$30 trillion customer service experience” features insights from Motif Investing CEO Hardeep Walia.

Wells Fargo funding authorizes ApproveIt Web Server from Silanis Technology as part of their approved e-signature solutions program.

Sun Sentinel article highlights Toshl Finance in a discussion on the eight things you should know before going to college.

Column on RIAs and the active ETF market quotes AlphaClone CEO Mazin Jadallah.

Bright Funds establishes six disaster-response funds to support Nepal disaster relief.

The Economist features Lending Club, Prosper, Zopa, and Kreditech in its look at P2P lending and “financial democracy.”

Axis Bank launches Ping Pay, a multisocial payment app, in partnership with Fastcash.

PYMNTS.com considers what itBit’s New York banking license and $25M funding means for the broader bitcoin community. See itBit at FinovateSpring 2015 in San Jose this week.

ACI Worldwide signs Letter of Commitment to support U.K. Faster Payments Scheme’s New Access Model.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 9, 2015
Categories: Arxan Technologies, Bento for Business, CashSentinel, Dashlane, FreeAgent, Holvi, Kreditech, Malauzai Software, Patch of Land, PayPal, ProfitStars, Prosper

On Finovate.com

FreeAgent Scores $5 Million Line of Credit

Patch of Land Earns $23 Million Investment Led by SF Capital Group

FinovateSpring 2015 Sneak Peek: Part 2

Finovate Debuts: CashSentinel’s Mobile Escrow Service

Around the web

Nine Lives Media ranks ProfitStars’ Gladiator Technology in 6th annual MSPmentor 501 Global Edition.

Kreditech brings on Oliver Prill as COO.

PYMNTS: Prosper closes out financing round that pushes its valuation to $1.9 billion.

PYMNTS interviews Bento CEO and founder Farhan Ahmad. See Bento demo live at FinovateSpring in San Jose.

PayPal Makes Acquisition of CyActive Official.

TechCrunch: Dashlane’s “Inbox Scan” Tool Uncovers The Passwords You’ve Saved In Your Email.

Arxan expands application protection to support all major internet of things (IoT) platforms.

Holvi partners with identity-intelligence specialist GBGroup to ensure all customers are verified.

Malauzai Software announces 5 community banks to launch SmartwearApps for the Apple Watch.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alums Populate the FinTech50

By David Penn Posted on January 30, 2015
Categories: Algomi, BehavioSec, Blockchain, Currency Cloud, Darwinex, eToro, ETRONIKA, Fidor Bank, Five Degrees, Holvi, InvoiceSharing, Ixaris, Klarna, Kreditech, Mambu, mBank & Efigence, Nutmeg, Tink, TransferWise, Trunomi, Trustly, Zooz

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – including our upcoming event in London.

Here is the list of alums in alphabetical order:

Algomi
BehavioSec
BlockChain
Currency Cloud
Darwinex
eToro
ETRONIKA
Fidor Group
Five Degrees
Holvi
InvoiceSharing
Ixaris
Klarna
Kreditech
Mambu
mBank with efigence
Nutmeg
Tink
TransferWise
Trunomi
Trustly
Zooz

According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.

Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

Share this:

Send Post Twitter LinkedIn Facebook

Kreditech Secures $200 Million Line of Credit

By Julie Muhn (@julieschicktanz) Posted on January 23, 2015
Categories: Funding, Kreditech

Germany-based Kreditech said, “hallo” to a $200 million line of credit yesterday. Victory Park Capital supplied the debt.

The company has served 2 million customers in 9 countries since launching in 2012. It will use this debt to “address the growing demand for loans of longer durations at fair prices.”

Kreditech CFO, Rene Griemens says, “Setting the stage for our upcoming Series C financing round, the credit facility will reaccelerate our growth well beyond the 500 percent per year mark.” According to TechCrunch, the impending Series C round will bring Kreditech to a $750 million pre-money valuation before its anticipated IPO in two to three years.

Kreditech uses its big data credit-scoring technology to better serve the world’s un and underbanked population, which accounts for four billion people. Earlier this month it acquired Kontomierz for its KYC technology and ability to get unique data in real-time.

Check out its live demo from FinovateSpring 2014.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– January 23, 2015

By David Penn Posted on January 23, 2015
Categories: Akimbo Financial, BankBazaar, Betterment, Bill.com, BlueVine, Encap, EZBOB, FutureAdvisor, Google Cloud Platform, Jemstep, Kreditech, LearnVest, MaxMyInterest, Mifos Initiative, Motif Investing, On Deck Capital, Personal Capital, SigFig, Toshl, TradeKing, Wealthfront

Internet Retailer looks at the relationship between product reviews and revenue courtesy of a new report from Baazarvoice.

Xero highlighted as “our best purchase of 2014” by Business Betties.

MakeMoneyYourWay profiles EZBOB and its new business loan promotion, the New Year’s Revolution.

Zee News’ Money Guru interviews Abhishek Dwivedi, vice president operations at BankBazaar.com.

Liverpool Echo features Toshl Finance in its list of must-have apps for busy moms.

Investopedia’s guide to choosing roboadvisors spotlights nine Finovate alums: Betterment, FutureAdvisor, Jemstep, LearnVest, Motif Investing, Personal Capital, SigFig, TradeKing, and Wealthfront.

Benzinga Fintech Awards publishes its video interview with Gary Zimmerman, CEO of MaxMyInterest.

American Banker covers OnDeck’s small business loan marketplace for institutional investors.

Pymnts interviews René Lacerte, CEO and Founder of Bill.com about how to simplify B2B payments.

Mifos welcomes new partners: SkooliLabs and iSystems

Google Cloud Platform releases beta of Google Container Registry for secure hosting, sharing, and management of private container repositories.

BlueVine Grabs $18.5 Million to Increase Small-Business Lending.

Encap Security CEO Thomas Bostrom Jorgensen asks if biometrics provide a “false sense of security” in a column for Bob’s Guide.

Akimbo Financial acquired by Payment Data Systems.

Kreditech Secures $200 Million Line of Credit.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– January 22, 2015

By David Penn Posted on January 22, 2015
Categories: Bendigo and Adelaide Bank, Braintree, Coinbase, CPB Software AG, Digital Retail Apps, GMC Software Technology, Ixaris, JSC Delta Bank, Kreditech, planwise, QCR, Realty Mogul, Silanis Technology, Temenos, Topicus, TradeKing, Trustev

Kreditech secures $200 million credit line from Victory Park Capital.

GMC Software and Silanis Technology partner to integrate eSignLive with Inspire.

Internet Retailer features Trustev CEO Pat Phelan in discussion on consumer fraud.

TradeKing unveils Risk Assist to protect clients against steep market declines.

Braintree completes initial integration with Coinbase; opens up private beta access.

Financial Post business section features Digital Retail Apps in its look at digital payments in 2015.

Realty Mogul adds new Senior VP of Mortgage Operations, Kendra King.

Temenos forges strategic alliance with EFT processor, Elan Financial Services.

Check out our latest FinovateEurope 2015 Sneak Peek, Part 4 featuring Bendigo and Adelaide Bank, CPB Software AG, Ixaris, JSC Delta Bank, QCR, and Topicus Financial.

Planwise launches Connect, leveraging affordability tools to help real estate agents engage potential buyers.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– January 21, 2015

By David Penn Posted on January 21, 2015
Categories: Akimbo Financial, AlphaPoint, Arroweye Solutions, Avoka, Azimo, BrightScope, Coinbase, CustomerXPs, Encap, EZBOB, iBillionaire, InComm, investUP, Kreditech, Malauzai Software, Mitek, Nostrum Group, On Deck Capital, PayPal, Roostify, StreetShares, TIO Networks, Tradeshift, TrueLink Financial, Wall Street Survivor, Yodlee

Your Personal Financial Mentor profiles EZBOB.

BrightScope releases AdviceMatch, a free online service to help consumer choose financial advisors.

OnDeck Marketplace emerges from pilot program. Platform helps institutional investors buy small business loans.

Venture Burn takes a look at Azimo and the West African remittance market.

Kreditech named Germany’s leading digital innovator of the year by Focus Magazine.

Arroweye Solutions CEO Render Dahiya urges issuers on EMV adoption.

Check out FinovateEurope 2015 Sneak Peek: Part 3.

Coinbase Raises $75 Million from BBVA, USAA, NYSE, & Others.

Millennial-focused BankMobile app is powered by Malauzai Software and uses Mitek to power mobile customer on-boarding.

Roostify describes its experience with Yodlee’s FinDat Disruptor program.

PayPal to use InComm to support PayPal’s digital gifts services in Canada.

Yale Undergraduate selects Wall Street Survivor to help students understand investing and personal finance.

Technical.ly/ Baltimore looks at how TIO Networks powers Baltimore’s online bill pay system.

Tradeshift wins Circular Economy Digital Disruptor Award held at the World Economic Forum in Davos, Switzerland.

CustomerXPs and EY, a tax advisory firm, partner to help companies deal with fraud.

iBillionaire updates mobile app & releases new High Dividend Index.

Payment Data Systems to acquire Akimbo for $3 million.

Be sure to check out FinovateEurope Sneak Peek #2 featuring AlphaPoint, Avoka, Encap Security, investUP, Nostrum Group, and StreetShares.

True Link Raises $3 Million in Round Led by Cambia Health Solutions.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Kreditech Acquires Kontomierz for “Seven Digit Amount”

By Julie Muhn (@julieschicktanz) Posted on January 14, 2015
Categories: Kreditech

With a growth rate of 500% per year and a vision to serve 4 billion underbanked individuals across the globe, Kreditech has a lot on its plate.

Fortunately, the Hamburg-based company announced today it acquired Kontomierz for a “seven digit amount plus Kreditech shares.” The actual amount is undisclosed.

Kontomierz is an attractive purchase. Its KYC technology, Kontomatik offers an API to banks that gives read-only access to customer accounts. Additionally, it has net revenues around 1 million Euros, three digit annual growth, and counts Alior Bank and Idea Bank as clients. Sebastian Diemer, Kreditech founder and CEO explains further:

“With its technology Kontomierz enables us to get unique data in real-time. Our subsidiary companies will hence provide an even better banking service to a bigger target group, the unbanked and the underbanked individuals. A perfect marriage, indeed.”

The 16 Warsaw-based Kontomierz employees will now work as a group within the Kreditech organization.

Kreditech launched in 2012, and since then has served two million customers across nine countries. The following inforgraphic displays the company’s impressive growth:

Kreditech demonstrated its Kredito24, K24, and Zaimo products at FinovateSpring 2014. You can check out the demo video here.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– January 9, 2015

By David Penn Posted on January 9, 2015
Categories: Aptys Solutions, BillGuard, Cachet Financial Solutions, CAN Capital, CrowdCurity, Dwolla, Klarna, Kreditech, Mint Bills, Misys, Nymi, Receivables Exchange, Saved Plus, Taulia, TextPower, Wallaby Financial, Wealthfront, WePay, Xero_homepage

Kiplinger’s list of five great free financial apps features BillGuard, Mint Bills, Level Money, SavedPlus, and Wallaby Financial.

Aptys Solutions Announces New CEO and CTO.

Center for Financial Inclusion highlights Dwolla, Klarna, Kreditech, Receivables Exchange, and Wealthfront in its review of Australia Wealth Investor’s top 50 fintech innovators for 2014.

First Electric Cooperative deploying TextPower SmartAlerts.

WePay makes Bobs Guide’s “Fintech Startups to Watch in 2015” list.

Misys awarded SWIFT Certified Application labels for trade and supply chain management.

CrowdCurity launches newly designed website.

Time magazine lists Nymi as 1 of 5 most important things happening at CES 2015.

Forbes: Xero Wants All Small Businesses To Do Accounting In The Cloud.

Tradier releases Morningstar-sourced fundamentals APIs to beta.

Cachet Financial launches Co-Branded Option for Select Mobile Money Solution.

PYMNTS interviews CAN Capital CMO James Mendelsohn about access to alternative funding.

Taulia launches “Take Control” campaign to help companies better understand early payment solution.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– January 6, 2015

By David Penn Posted on January 6, 2015
Categories: Bluefin Payment Systems, CashStar, Fenergo, Fidor Bank, Global Debt Registry, Insuritas, Kreditech, Malauzai Software, Moven, P2BInvestor, PayPal, Personal Capital, Realty Mogul, Settle, TSYS

Accounts Receivable Management takes a look at Global Debt Registry.

Moven launches budgeting app on Motorola Moto 360 and Samsung Gear smartwatches.

TSYS names Thomas Boyer president of TSS Merchant Solutions.

Paymentandbanking.com recognizes Kreditech as FinTech Startup of 2014.

St. Louis Biz Talk quotes Malauzai Software’s Robby Ganer in a column on what to expect from mobile banking this year.

Gift cards from CashStar to be integrated into eBay Marketplace and PayPal Digital Gift store.

Fidor Bank plans for U.S. launch with undisclosed local bank partner.

Silicon Republic profiles senior Java developer at Fenergo, Sheila Fernandez.

FinovateEurope early bird deadline extended through this Friday, January 9. Lock in your spot and we’ll see you in London.

Ukraine-based Settle launches restaurant pre-order app in San Francisco.

Personal Capital now manages $1+ billion in investments for clients. It tracks $120 billion for 700k registered users.

Northpointe Bank hires Insuritas to power its insurance agency.

P2Binvestor names Krista Morgan CEO.

Bluefin Payment Systems announces its PCI-validated, point-to-point encryption solution, PayConex, is now certified for mobile payments.

Jilliene Helman, founder and CEO of Realty Mogul, earns a spot on Forbes’ list of “30 Under 30 Rising Stars of Enterprise Technology.”

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alums Fill Ranks of KPMG’s Fintech Innovators for 2014

By David Penn Posted on December 18, 2014
Categories: Betterment, Coinbase, Credit Karma, CUneXus, Dwolla, eToro, FutureAdvisor, Kabbage, Klarna, Kreditech, LearnVest, Lending Club, MiiCard, Motif Investing, Nutmeg, On Deck Capital, PayNearMe, Personal Capital, Prosper, SecureKey, SigFig, SocietyOne, Stockpile, SumUp, The Receivables Exchange, TransferWise, Wealthfront, Xero, Yodlee, Zopa

Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.

The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC).

The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.”

Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.

“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote.

“Venture capitalists seek this enduring competitive advantage over and above everything else.”

Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.

Wealthfront – (as kaChing) FinovateStartup 2009
Kabbage – FinovateFall 2014
Motif Investing – FinovateFall 2013
Klarna – FinovateSpring 2012
Lending Club – Finovate 2007
OnDeck – FinovateSpring 2012, FinDEVr San Francisco 2014
Kreditech – FinovateSpring 2014
Xero – FinovateSpring 2011, FinDEVr San Francisco 2014
Yodlee – FinovateFall 2013, FinDEVr San Francisco 2014
Prosper – Finovate 2007
Coinbase – FinovateSpring 2014
Credit Karma – FinovateStartup 2009
LearnVest – FinovateFall 2011
Personal Capital – FinovateFall 2011, FinDEVr San Francisco 2014
PayNearMe – FinovateSpring 2013, FinDEVr San Francisco 2014
SecureKey – FinovateFall 2010
Nutmeg – FinovateEurope 2012
Transferwise – FinovateEurope 2013
Betterment – FinovateFall 2010
SocietyOne – FinovateAsia 2012
eToro – FinovateEurope 2011
SumUp – FinovateEurope 2013
Zopa – FinovateSpring 2008
Receivables Exchange – FinovateFall 2010
FutureAdvisor – FinovateFall 2013
Dwolla – FinovateSpring 2011
SigFig – FinovateFall 2011

“Ones to Watch”

CUneXus – FinovateSpring 2014
miiCard – FinovateFall 2013
StockPile – FinovateSpring 2014

See the full list of companies here.

Share this:

Send Post Twitter LinkedIn Facebook