Finovate Alumni News

On Finovate.com

  • Bambu Wins Spot in Hong Kong SuperCharger FinTech Accelerator.

Around the web

  • Lending Stream leverages Decision Management Suite from FICO to build new credit platform.
  • EVRY wins six-year contract extension with Sparebank 1, an alliance of 16-strong Norwegian savings banks.
  • SEB partners with Ripple to build blockchain-based real-time payments system.
  • Wipro launches Open Banking API platform.
  • Riyaz Ladiwala joins Heckyl as CEO for India operations.
  • Guardian Analytics introduces Guardian Analytics Sentinel Treasury Management for fraud protection.
  • Linkable Networks launches platform enhancements to enable retailers to verify purchases.
  • Staples to leverage Tuition.io for student loan repayment benefit option.
  • ProActive launches its 2.0 back end.
  • How Filene and Larky’s Mobile Rewards Pilot Will Promote Stronger Member Loyalty.

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.

2015: A Year in Finovate Alumni Mergers and Acquisitions

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2015 was another big year for mergers and acquisitions in the fintech industry. And whether they were the acquirer or the acquired, Finovate alums were very much a part of the M&A action.

Because terms of many deals were undisclosed, it is difficult to get a precise number on how much money was spent acquiring some of fintech’s most promising startups this year. But looking just at those acquisitions for which figures were available, we can see that 2015 was a banner year in M&A (more than $7 billion) — and that’s just counting alums.

So from the $5 billion deal between FIS and Sungard to the “alum-acquires-alum” mergers of September 2015, let’s take a closer look at some of the major unions of the year that featured Finovate alums.


December


October


September


August


July


May


April


March


February


January


If you’re a Finovate alum whose merger we’ve missed or acquisition we’ve overlooked, let us know. Send us an email at research@finovate.com.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: CellTrust Separates Work From Personal Communications, Even on Same Device”
  • “Julie Parrish Joins Check Point as New Chief Marketing Officer”
  • “Trulioo Raises $15 Million with Help from American Express Ventures”
  • “Finovate Alums Take Silver and Bronze at UBS Future of Finance”
  • “A Boku Win for Carrier Billing in Expanded Microsoft Partnership”

Around the web

  • Jeff for Banks researches the success of FinovateFall 2010 Best of Show winners.
  • Kim Komando highlights ReadyForZero as a way to manage debt.
  • Blooom featured on the cover of December’s Thinking Bigger Business magazine.
  • Michael Halloran joins MaxMyInterest as head of partnerships and business development.

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.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than 6 weeks away!) in San Francisco.

Developer news

  • Royal Bank of Scotland to host hackathon in partnership with Open Bank Project.

The latest from upcoming FinDEVr 2015 presenters

  • PayPal’s One Touch Instant Checkout platform is now available in 13 new markets.
  • Let’s Talk Payments looks at Venmo and its new group-payments feature.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint Bills.
  • Yodlee cites innovations from PayPal, Credit Karma, Personal Capital, and ReadyForZero in its 7 Habits of Highly Successful Fintech Startups.

Alumni updates

  • Global News interviews Karl Martin, Nymi CEO and founder.
  • The Denver Post profiles Broomfield-based Avoka Technologies. See Avoka at FinovateFall 2015 in New York City in September.
  • CIO cites Avoka’s win of most innovative customer solution in Citi’s demo day in London.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

Around the web

  • TSYS launches new data analytics platform, Analytics Intellisuite.
  • Let’s Talk Payments interviews Rippleshot CEO Canh Tran, co-founder.
  • International Business Times previews the arrival of LoopPay-powered Samsung Pay in the U.K.
  • Business Insider looks at the growth prospects for Zopa, P2P lender.
  • New investors can now open Lending Club accounts on LendingRobot.
  • CU Mobile Apps (CUMA) chooses Cachet Financial Solutions as its preferred mobile deposit provider.
  • Holvi launches iframe to enable users to embed Holvi online store products into external websites.
  • Yodlee cites innovations from PayPal, Credit Karma, Personal Capital, and ReadyForZero in its piece 7 Habits of Highly Successful Fintech Startups. Check out Yodlee, PayPal, and Personal Capital at FinDEVr San Francisco 2015.
  • Dwolla gives account holders option to enable two-factor authentication.
  • Lend Academy: Lending Club announces open integration, third parties jump on board.
  • Kony achieves mobile competency status awarded by Amazon Partner Network.
  • Motif Investing celebrates the launch of dollar-based trading with Free Trading Day on Friday

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

  • “Redesigning the Value Chain: Q&A with Michiel Schipper of Topicus”

Around the web

  • Trustly appoints CCO from Société Générale and director of sales from Klarna Group.
  • Swiss Re partners with Backbase to develop a new digital platform for selling and servicing life and health products online. Come see Backbase at FinDEVr on 6/7 October in San Francisco.
  • PayItSimple launches in the United Kingdom.
  • Greater Nevada, $550 million in assets, hires Insuritas to launch insurance agency.
  • Paybefore: “How the Ripple Protocol Could Change Payments”
  • PayPal’s Braintree supports Apple Pay in the U.K. with its v.zero SDK. Come see Braintree at FinDEVr this fall.
  • Billhighway adopts SnapApp platform to develop and publish interactive content that increases market engagement.
  • ReadyForZero lists Prosper and Lending Club as 2 of the top 3 debt-consolidation loan companies.
  • Betterment launches SmartDeposit feature.
  • Market Prophit licenses its platform to Nasdaq’s Market Intelligence Desk.
  • The Flying Merchant to use digital eKYC solution from iSignthis to meet AML requirements.
  • The Economic Times India features ArthaYantra, Betterment, FutureAdvisor, and Wealthfront in a review of robo-advisors.

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

  • Coinbase Announces Strategic Investment from Westpac’s Reinventure

Around the web

  • Let’s Talk Payments takes a look at interactive debt repayment tool, ReadyForZero.
  • Money Under 30 features personal finance apps from Personal Capital, Mint, Toshl, Mint Bills, Draft, Level Money, Bill Guard, and Credit Karma.
  • TSYS extends multi-year payment agreement with Mexico’s Banco INVEX S.A.
  • Holvi gives a sneak peek of its business debit card.
  • Cachet Financial Solutions enhances Select Mobile Deposit with geo-fencing unlimited user groups with defined business rules, and date, signature and endorsement detection.
  • Kristo Käärmann of TransferWise is quoted in The Guardian column on the relationship between U.K. fintech startups and banks.
  • Tradeshift teams up with C2FO, expanding access to the world’s largest working capital market.
  • Actiance to Deliver Content from 70-Plus Communication Channels to Office 365.

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

  • SigFig Brings on New Advisory Board Members and $1 Million in Funding
  • Alt-Lender EZBOB Deepens Pockets by $46 Million

Around the web

  • InvestorCentral looks at market simulators and trading with Kapitall.
  • Alaska Air picks FIS as its partner for upcoming strategic payment initiatives including EMV.
  • Delicious Nutritious chooses globalVCard Spend Secure for its business payments.
  • Kiplinger highlights Motif Investing among “brokers that pay you to open an account.”
  • GMC Software Technology to provide GMC Inspire to Mail Handling Services.
  • Personal Capital launches app for the Apple Watch.
  • ReadyForZero interviews Michael Carvin, CEO of SmartAsset. Check out SmartAsset’s new technology at FinovateSpring.
  • Revolut and Sedicii win finalist spots in the Innotribe Startup Challenge.
  • American Banker features bitcoin exchange itBit. Watch itBit’s live demo at FinovateSpring.
  • TechCrunch: Infosys to acquire Kallidus for $120 million.
  • A look at “billion dollar” British startups at Forbes.com features TransferWise.

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.

ReadyForZero Acquired by Avant in Cash and Stock Deal

ReadyForZero_homepage_full

San Francisco-based debt-management platform ReadyForZero has been acquired by newly rebranded Avant, a direct personal lender out of Chicago. Terms of the deal were not disclosed.

A FinovateFall 2011 alum, ReadyForZero specializes in helping people pay down personal debt, and includes debt from credit cards, student loans, and mortgages. The company’s platform aggregates the user’s debts, and then recommends a repayment plan. Alerts help debtors stay on track with payment due-date reminders, spend-or-save comparisons, and other notifications. And with regular reporting of on-time payments, the technology helps users bolster their credit scores.

ReadyForZero_FF11_stage_full

Above: ReadyForZero CEO Rod Ebrahimi presented at FinovateFall 2011 in New York.

ReadyForZero says it has helped users pay down more than $240 million in debt since inception. The service is free, although there are paid premium options that provide features such as credit monitoring and automation. The company partners with Yodlee, Experian and others for data, and has lending partnerships with both Lending Club and Prosper. ReadyForZero was founded in 2010 by Rod Ebrahimi, CEO, and Ignacio Thayer, CTO, and is headquartered in San Francisco. The company has raised a total of $4.8 million in capital as of its latest completed round in 2011.

The acquisition will enable Avant to add ReadyForZero’s debt-management technology to its own big data credit-scoring platform, and move beyond lending toward a more complete consumer finance company. Founded in 2012 as AvantCredit, Avant has funded more than 175,000 personal loans worth more than $400 million, and earned a #6 ranking in Forbes’ America’s Most Promising Company’s list in January. The company has been a magnet for investor capital, raising $225 million from Tiger Global Management and PayPal co-founder Peter Thiel last December, giving Avant more than $330 million in equity financing, plus more than $700 million in debt financing.

Finovate Alumni News

On Finovate.com

  • “Finovate Alums Win Leading Vendor Honors from MyPrivateBanking Research”
  • Last Chance for FinovateSpring Early-Bird Tickets… Save $100″
  • “ReadyForZero Acquired by Avant in Cash and Stock Deal”
  • “Wallaby Launches Wise Bread Rewards Maximizer”

Around the web

  • Nomis Solutions announces new partnership with Tangerine.
  • blooom wins Kansas City’s InnovateHER pitch competition.
  • PYMNTS.com MPD CEO Karen Webster interviews Todd Doherty, TSYS senior director of analytics.
  • Tech City highlights TransferWise and Azimo in its look at the remittance industry.
  • GMC Software named Xplor’s Technology of the Year for its Inspire Dynamic Communications solution.
  • “D+H to Buy Payments Firm Fundtech for $1.25 Billion”
  • Google Cloud Platform launches Cloud Console for Android.
  • Bluefin Payment Systems and Phoenix Managed Networks partner to provide Bluefin’s Decryptx P2PE Solution to clients of Phoenix Managed Networks.
  • Xero reaches 200,000 customers in Australia.
  • Prosper reaches record loan originations for March, surpasses $3 billion in lending.

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.