Finovate Alumni News

On the web

  • Bankjoy Signs Credit Union of Ohio.

Around the web

  • Digital Signage Pulse interviews Neustar’s Kathleen Dundas about the company’s expansion to the digital-out-of-home (DOOH) market.
  • Lendio franchise announced in Seattle Central region.
  • PYMNTS talks to Modo CEO Bruce Parker about payments in the cloud.

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

  • Dwolla Lands $12 Million.
  • Larky Deepens Partnership with Core Processing Solutions Provider Sharetec.
  • Stash Raises $37.5 Million, Launches Custodial Accounts.
  • NetGuardians Inks Agreement with FirstOntario Credit Union.

Around the web

  • InComm subsidiary On-Line Strategies launches partnership with National Bankcard Services to enable prepaid at the gas pump.
  • Neustar expands its DDoS mitigation defense network in EMEA.

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

  • Tuition.io to Power Student Loan Repayment Benefit for Estée Lauder Employees.
  • Check out sneak peeks from next month’s FinovateEurope presenting companies:
  • Meniga to Support Digital Transformation for French Banking Group, BPCE. See Meniga at FinovateEurope 2018 in March.
  • Handle Financial’s Prism Mobile App Reaches $1 Billion in Bills Paid.
  • Finect Raises Capital as BME Takes Minority Stake.

Around the web

  • Actiance forges partnership with Relativity to bring seamless data delivery to eDiscovery platform.
  • Neustar unveils multi-factor authentication risk assessment tool to help enterprises mitigate fraud risk.
  • Tinkoff Bank and AHML to launch joint venture to offer mortgage loans via new electronic platform.
  • Y Combinator interviews Jake Rosenberg, cofounder and CTO of LendUp.
  • VentureBeat highlights OurCrowd, which has raised $650 million for 145 startups and plans to top $1 billion in 2018.

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

  • HooYu to Provide Verification Services for U.K. Challenger Bank Countingup.
  • Following J.P. Morgan Chase Acquisition, WePay to Power Payments for Volusion.

Around the web

  • Temenos named a leader in global retail core banking by Gartner for eighth year in a row.
  • Bloomberg looks at the blockchain-based digital identity solutions from SecureKey.
  • CBInsight features Expensify among its 4 Mobile Apps Every Executive Should Download Now.
  • CII Industrial Innovation Awards 2017 recognizes Wipro as one of India’s most innovative companies.
  • Zinnov Zones 2017 features Persistent Systems in the “leadership zone” for enterprise software and consumer software for the fifth consecutive year.
  • Blackhawk’s CashStar wins a 2017 Emerging Payments Award.
  • Capgemini names Backbase Growth Partner of the Year.
  • Neustar moves its website from Neustar.biz to Home.Neustar.
  • Lendio opens new Lendio franchise in Nashville, Tennessee

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

  • Symbiont Wins Distributed Ledger Technology Award for a Second Year in a Row.

Around the web

  • FinTech Insider News interviews Revolut founder and CEO Nikolay Storonsky.
  • Diebold Nixdorf SVP of Software Alan Kerr talks omnichannel ecommerce with PYMNTS.com.
  • Betterment’s Nick Holeman discusses spotting bull markets on CNBC.
  • CardFlight to power mobile POS offering from Beyond.
  • Quotatis Pro highlights Xero in its list of top apps to help you run your business.
  • Neustar joins Visa ID Intelligence as a digital identity partner.
  • PayNearMe teams up with New York City Department of Finance to enable parking ticket fines at more than 100 area 7-Elevens.

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

  • Temenos Teams Up with MuleSoft to Accelerate Open Banking.
  • TIBCO Acquires Cisco’s Data Virtualization Business.
  • Aviva Acquires Majority Stake in U.K. Online Wealth Management Specialist, Wealthify.

Around the web

  • PayNearMe announces the PayNearMe Channel Partner Program for U.S. Partners.
  • CoverHound reveals an expanded partner and insurance carrier network.
  • Neustar’s Trusted Device Identity solution integrates with NetFoundry’s Application Specific Networking. platform to extend ID-based solutions across multiple networks and clouds.
  • BlackRock in talks for stake in Capital Preferences.

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

  • Swych Seals Series A Funding.

Around the web

  • Pendo Systems Launches the Pendo Machine Learning Platform.
  • The Wall Street Journal features GreatHorn CEO Kevin O’Brien.
  • Neustar Partners with KUBRA to Deliver TCPA Compliance Data Verification Solutions to Utility Clients.

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.

Spring Forward: FinovateSpring 2016 Alums Top $200 Million in Funding

FinovateSpring2016_scene

With FinovateSpring 2017 coming next month, we thought we’d take a look back at how the alums from our last spring conference a year ago have fared on the fundraising front.

And after a quick review, it seems that investors continue to be interested in the innovations of Finovate alumni. In fact, even without the $1.8 billion Golden Gate Capital spent on its acquisition of Neustar late last year ($2.9 million with debt included), the alums from FinovateSpring 2016 have had an impressive year of fundraising. While the specific funding amounts for a number of alums were not officially disclosed, our review shows more than $200 million raised by 20 FinovateSpring 2016 alums over the past year alone.

Among the bigger deals of the past year, the $72 million raised by OurCrowd stands out. OurCrowd, a crowd investing platform for venture capital, was founded in 2013 and is headquartered in Jerusalem, Israel. With a growing network of more than 17,000 investors, OurCrowd has raised $400 million on its platform, providing funding for 110 companies. Also noteworthy was the $29 million raised by FinDEVr/Finovate alum NYMBUS in two separate fundings in August and February. NYMBUS is an innovator in developing advanced, cloud-based core banking systems. Known as a “bank in a box” NYMBUS technology gives smaller banks and credit unions the ability to compete with larger FIs when it comes to providing customers with the latest digital banking services.

So to help get you ready for FinovateSpring 2017, here’s a list of the investments scored by alums from last year’s conference. And remember you can see live demos from all 20 of our fundraising FinovateSpring 2016 alums in our Video Archives.

February 2017

  • FinDEVr New York Alum NYMBUS Announces $16 Million in New Funding
  • Qumram’s Regtech Offering Lands $1.49 Million
  • Empyr Raises $3 Million in Funding

January 2017

  • ForwardLane Raises $1.1 Million in New Funding
  • Earnix Receives $13.5 Million in Growth Capital from New and Existing Investors

December 2016

  • Cyberfend Acquired by Akamai Technologies for Undisclosed Amount

November 2016

  • Sezzle Raises Seed Funding Ahead of Shopify Debut ($1.85 million)
  • Neustar Acquired by Golden Gate Capital for $1.8 Billion (including debt $2.9B)

October 2016

  • ThreatMetrix Picks Up $30 Million in Growth Capital from Silicon Valley Bank (debt financing)

September 2016

  • OurCrowd Pulls In $72 Million
  • WealthForge to Raise $2.5 Million in New Convertible Note Offering
  • OneVisage Earns Seed Funding in Round Led by Polytech Ecosystem Ventures (amount undisclosed)

August 2016

  • CUneXus Closes $5 Million Series A
  • Automobile Title Lending Platform Finova Financial Raises $52.5 Million
  • NYMBUS Raises $12 Million in Round Led by Vensure Enterprises

July 2016

  • Linqto Announces New Venture Funding from Keiretsu Capital (amount undisclosed)

June 2016

  • NICE Funding! CallVU Raises $3 Million
  • Civic Announces New Debt Financing from Blockchain Capital (amount undisclosed)
  • savedroid AG Completes €1 ($1.1 USD) Million Seed Round; Announces Beta Launch
  • Cyberfend Earns Undisclosed Non-Equity Assistance from MasterCard Start Path Global Program.
  • BanQu Secures $100,000 in Financing (convertible note)

Are you a FinovateSpring 2016 alums whose funding we missed? Send us an email research@finovate.com and we’ll be happy to make the update.

Finovate Alumni News

Around the web

  • New Xendpay Business services provides SMEs with”pay what you want” option for international money-transfer fees.
  • BioCatch upgrades behavioral biometrics offering to enhance online and mobile performance in the enterprise.
  • Neustar unveils Fraud Detection Solutions product to help integrate multiple identify-verification ecosystems.

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

  • From Advisers to VPs: A Profile of FinovateAsia Attendees
  • FICO Teams Up with EFL Global as Part of Financial Inclusion Initiative
  • Fintech Trending: Australia and the Road to Fintech in Asia

Around the web

  • Socure unveils new dashboard for its digital ID verification technology.
  • Compass Plus announces successful stress test of TranzAxis on Oracle Exadata.
  • Neustar CEO Lisa Hook named to Advertising Ages’s 10 Digital Marketing Innovators You Should Know.
  • Singapore Fintech Awards 2016 lists Turnkey Lender as finalist. Check out their live demo next week at FinovateAsia.
  • Mastercard launches blockchain APIs for developers.
  • Portland Business Journal: Tyfone looks to open-source to solve IoT security issues.
  • Forrester Wave: Information Archiving Cloud Providers cites Actiance as an information archiving cloud leader.
  • Kasasa Wins 12th MarCom Award.

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.