Finovate Alumni News

On the web

  • Scalable Capital Launches in Switzerland.
  • Gusto Partners with Accounting Platform Aplos.
  • Alfa-Bank Collaborates with HashCash to Bring Domestic Payments to the Blockchain.
  • ID.me Powering Single-Sign On for VFW’s Digital Platforms

Around the web

  • ACI Worldwide announces its UP Merchant Payments solution now available as a cloud-based service.
  • Truphone, Featurespace and PayStand win spots on The Silicon Review’s 50 Smartest Companies list for 2017.
  • Bank Info Security features Nick Armstrong, CEO and founder of identitii.
  • Walmart Labs veteran Adnan Habib joins Roostify as VP of Engineering.
  • Realty Mogul appoints interim Chief Investment Officer Chris Fraley as its official CIO.
  • Klarna extends its partnership with ACI Worldwide.

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.

PayStand Scores $6 Million in Series A Funding

In a round led by BlueRun Ventures and featuring participation from Cervin Ventures, Serra Ventures, TiE, and Capital for Founders, B2B payment platform PayStand has raised $6 million in Series A funding. The company says that it will use the additional capital to build up its account receivable systems and help launch its new free accounts payable product line – which entered beta availability today. The Series A takes PayStand’s total capital to more than $8 million.

With self-driving cars and rockets to Mars on one side of the balance and paper checks and spreadsheets on the other, PayStand founder and CEO Jeremy Almond made clear which side of history his company was on. Pointing out that “most U.S business payments still run on manual, pre-internet systems,” Almond said, “PayStand takes the best of automation, customization, and blockchain technology to finally bring B2B payments into the Digital Age.”

PayStand CEO and founder Jeremy Almond during his FinDEVr presentation, Comparing the Strengths and Weaknesses of Different Payment Types.

BlueRun Ventures General Partner Jonathan Ebinger added that PayStand’s emphasis on back-office payments in the enterprise “melds seamlessly into our investment themes of digital transformation.” Saying “we see big things ahead for PayStand,” Ebinger added that PayStand represents many of the best practices and “key financial processes that are vital to our economy.”

PayStand also announced the beta availability of its new AP solution. The technology automates the accounts payable process, eliminating the need for paper checks while providing full data tracking throughout the entire cash cycle to maximize visibility and control. The early-access AP release is free to all beta participants.

Founded in 2013, PayStand leverages blockchain and SaaS technologies to provide a smart billing and B2B payment network based on digitization and automation. The company’s Payments-as-a-Service helps businesses lower time-to-cash, cut costs, and generate additional revenue. Headquartered in Scotts Valley, California, PayStand participated in our first developer’s conference, FinDEVr 2014 in Silicon Valley. At the event, Almond presented “Comparing the Strengths and Weaknesses of Different Payment Types,” as an introduction to his company’s multi-payment network technology.

Finovate Alumni News

On Finovate.com

  • PayStand Scores in $6 Million Series A Funding
  • Actiance Acquired by K1 Capital Management

Around the web

  • American Express, Santander UK, and Ripple team up to support blockchain-enabled, cross-border, B2B payments.
  • Veridium announces partnership with Walla to pilot digital banking model in sub-Saharan Africa that uses biometrics for authentication.
  • Econiq wins Honorable Mention at annual BankNews Innovative Solutions Awards for its Conversation Hub.
  • Best of Show winner Unison unveils 2018 expansion plans.
  • CREALOGIX announces expansion into Asia-Pacific with new offices in Singapore.

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

  • H2 Ventures and KPMG Unveil 2016 Fintech 100

Around the web

  • Signifyd to power fraud protection for Magento Commerce platform’s online merchants.
  • InComm launches new brand of solutions for cash-based consumers, VanillaDirect.
  • Handpoint expands agreement with PaySafe to power EMV POS.
  • YoYo Wallet expands focus to U.K.’s high street retailers, with partnerships between Planet Organic, Fernandez & Wells and Hummus Bros.
  • Temenos launches Digital Engagement modules to offer real-time customer marketing and engagement.
  • TSYS signs payments agreement with Optal Financial Limited.
  • Bluefin Payment Systems launches cloud-based hosting option for its Decryptx PCI-validated P2PE product through Amazon Web Services.
  • Socure launches revamped Digital Identity Dashboard.
  • Civic expands focus from 2FA to Secure Private Login.
  • BBVA chooses Amazon Web Services as its preferred cloud infrastructure services provider.
  • FIS to provide reconciliation solution to U.K.-based Raphaels Bank to facilitate access to faster payments.
  • PayStand offers payment certification and notarization for its customers via the blockchain.
  • PrivatBank adds fund-transfer functionality via iMessage to its Privat24 mobile banking app.
  • ThetaRay unveils its analytic platform for fraud detection, THETA.

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

  • CREALOGIX Wins Best Web Development at Systems in the City Awards 2016
  • Yandex.Money Releases Apple Watch Payments App
  • Neustar Taps Former Walmart Executive Venkat Achanta as First Chief Data & Analytics Officer
  • Kabbage Revamps App to Enable Mobile On-Boarding for Loan Applications

Around the web

  • NIIT Technologies announced financial results for the quarter ended in June 30, 2016, with a revenue increase of 4.5% over the same period last year.
  • Micronotes Releases Retain To Predict and Prevent Customer Attrition
  • Luxoft partners with Deloitte to launch project overview dashboard.
  • FIS teams up with Payment Alliance International (PAI) to take FIS Cardless Cash nationwide.
  • Inc’s look at global payment options features Braintree, PayStand, and CSIglobalVCard.
  • Klarna adds online fashion startup Lyst to its client roster.

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.

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

The latest from upcoming FinDEVr New York 2015 presenters

  • PayStand to power new online payments service from ONE UP.
  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace.

Alumni updates

  • PYMNTS reports: Worldpay transactions up 14% post-IPO.
  • Mitek launches mobile deposit in the United Kingdom with other countries to follow.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Xero extends partnership with MidPoint to make cross-border procurement easier.
  • Personal Capital exceeds $2 billion AUM.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “Expensify Leverages Uber Partnership to Create the Lazy Man’s Expense Report”
  • “Finovate Debuts: Innofis Enhances the UX for Banks and Customers”
  • “Prosper Appoints USAA Exec as New CFO”

On FinDEVr.com

  • “PayStand to Power New Online Payments Service from ONE UP”

Around the web

  • Luxoft integrates P2P payment technology with connected, self-driving car.
  • Thomson Reuters teams up with Hong Kong-based accelerator, SuperCharger.
  • Misys unveils Standardized Approach for Counterparty Credit Risk (SA-CCR) module for FusionRisk.
  • PYMNTS interviews Richard Stegall, CEO and Co-founder of Urban FT.
  • NPR highlights Blooom for helping manage student-loan debt.
  • The New York Times features Narrative Science in a look at artificial intelligence.

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.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, 6/7 Oct, in San Francisco.

Industry news

  • Expensify launches new fintech investment fund.
  • Yodlee hosts webinar on how to build financial apps to meet evolving customer expectations.
  • The Full FinDEVr: “A Look at the Final Line-up for FinDEVr 2015 San Francisco”

The latest from upcoming FinDEVr 2015 presenters

  • Wallaby Upgrades Credit Card Optimization Solution with Spend Monitor.
  • Backbase-powered Touch Bank goes live in Russia.
  • PayPal hires new CFO John Rainey, a former United Airlines executive.
  • EVO Snap* to fast track EMV migration for software vendors and retailers; partners with Handpoint.
  • NerdWallet looks at Personal Capital in feature on how automation is disrupting investing.
  • BehavioSec mentioned as one “wild invention of the future” that the Pentagon is behind.
  • OnDeck rolls out mobile app for account management on-the-go.
  • PYMNTS looks at how PayPal’s Paydiant is powering Subway’s mobile payments app.

Alumni updates

  • Market Visual integrates with Tradier’s API to enable investors to manage stock portfolios and trade on a single platform.
  • Tradier announces 75+ investor platforms and advisers now integrate with its API.
  • Let’s Talk Payments interviews CEO Jeremy Almond of PayStand.
  • In its latest podcast, Payments Views talks with Doug Yeager, HCE inventor and CEO of SimplyTapp.
  • Mobile Payments Today looks at InComm’s drive to bring open-loop prepaid to mobile wallets.
  • PayNearMe partners with The California Department of Child Support Services to offer a new payment option for cash-paying customers.

Stay current on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “Expensify Tallies Up $17.5 Million in Funding to Support its New Fintech Investment Fund”

Around the web

  • AcceptEmail partners with PayWithMyBank to make bill pay convenient and less costly.
  • SocietyOne hires former Lending Club executive as its new chief marketing officer.
  • Spend Matters highlights Tradeshift as a company to watch in 2015.
  • Pindrop Security releases new version of fraud detection system to more effectively identify and predict fraudulent activity.
  • Yodlee hosts webinar on how to build financial apps to meet rapidly evolving customer expectations.
  • BehavioSec mentioned as one “wild invention of the future” that the Pentagon is behind.
  • Tradier announces 75+ investor platforms and advisors integrating with its API.
  • Algomi adds 100th buy-side firm to its Honeycomb Network.
  • American Banker: FIS in talks to acquire SunGard.
  • PYMNTS.com interviews Sarah Hartman, senior director of consumer payment solutions at TSYS.
  • India West profiles Ayasdi founder and CEO, Gurjeet Singh.
  • Benzinga’s list of 10 PFM apps for teens and young adults features Toshl Finance, Manilla, BillGuard, Mint, and Smarty Pig.
  • Acculynk teams up with TouchPay, combining online billpay with self-service payment kiosks.
  • OnDeck rolls out mobile app for account management on the go. Come see OnDeck at FinDEVr in San Francisco, 6/7 October 2015.
  • Let’s Talk Payments interviews PayStand CEO Jeremy Almond.

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:

  • Kabbage Expands to Australia in New, White-Label Collaboration with Kikka Capital.
  • Advanced Merchant Payments Pulls in Undisclosed Amount of Funding.
  • Ayasdi Raises $55 Million in Series C Funding.

Around the Web:

  • Yodlee joins FinTech Sandbox as data partner.
  • Acculynk unveils new mobile wallet authentication service for issuers and providers.
  • Innosect (formerly Innovation Café) acquires Clientific.
  • 5+ Community FIs to launch Apple Watch offering powered by Malauzai. Come see its live demo at FinovateSpring in San Jose May 12-13.
  • CardFlight Announces Availability of EMV-Ready Chip Card Readers for SwipeSimple Mobile Point-of-Sale Solution.
  • Rajesh Bhat, Co-founder at Roostify, shares what he learned from Yodlee Interactive Incubator Boot Camp 1.
  • Google Cloud Platform introduces Google Cloud Launcher, where you can launch open source packages configured by Bitnami or Google Click to Deploy.
  • HelloWallet launches Emergency Savings Calculator.
  • Orchard Platform and Kabbage Announce Partnership to Provide Investors’ Access to Karrot Consumer Loans.
  • PayStand mobile iOS app now available to allow credit card, check and Bitcoin 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.