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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 only impressive companies in their respective fields, but also Finovate alums.

If you are the 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." 

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," Heap 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.

"Ones to Watch" 
See the full list of companies here.

Alumni News-- November 5, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBraintree announces new service that makes it easier for merchants to sign up for the platform.
  • MasterCard launches MasterPass in Czech Republic.
  • CAN Capital to offer loans via Yodlee's Small Business solution.
  • PayPal's Venmo to power payments for web and mobile chat app, Dasher.
  • Wall Street Sector Selector highlights Financial Guard and lists Betterment, FutureAdvisor, Jemstep, Nutmeg, SigFig, and Wealthfront in a column on using roboadvisors with retirement accounts.
  • SumUp partners with BitPay to integrate bitcoin into its mPOS 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.

Alumni News-- August 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl to provide real-time news and data analytics courtesy of new partnership with Marketware International.
  • Diebold brings deposit automation and cash recycling services to consumers and FIs in Brazil. See Diebold at FinovateFall in September.
  • Dwolla makes MassPay official, offers a simpler experience with increased stability, improved reporting, and increased transactions per batch.
  • PYMNTS talks with SumUp CEO Daniel Klein, to understand how it views innovation in the mPOS space.
  • PayPal launches tool, PayPal Demo, to help developers show merchants the difference between different PayPal payment options.
  • CNBC's National Business Report interviews Scott Goldman, CEO of TextPower.
  • American Banker profiles FinovateSpring 2014 Best of Show winner, Stockpile.
  • CNET takes a look at Lending Club in the wake of the company's IPO filing.
    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.

    Alumni News-- August 18, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSilanis Technology releases e-signature solutions for Salesforce and Microsoft Dynamics CRM. See Silanis at FinovateFall 2014 in New York.
    • Michael Grillo of ACI Worldwide talks about the role of mobile devices in fighting payments fraud.
    • Klarna announces appointment of Jon Kamaluddin to its Board of Directors.
    • SumUp earns double-digit million dollar investment led by Life.SREDA
    • Xero's Customer Experience team wins Bronze Stevie Award in 2014 International Business Award. Check out Xero's presentation at FinDEVr in San Francisco this October.
    • TechCrunch: Coinbase acquires blockchain explorer,
    • Silicon Angle: Why Cardlytics ditched sample data for its real-time analytics tactics.
    • EE Times reviews the similarities and differences between Ripple and bitcoin.
    • Forbes column on "the other sharing economy" profiles Expensify
    • checks in with Betterment on strategies for meeting retirement financial challenges.
    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.
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    There are many nice ways to qualify an "amount undisclosed" investment. But "double-digit million" is probably near the top of the list.

    SumUp, specialists in the field of mobile point-of-sale (mPOS) technology, announced today that it had completed a new round of funding. Characterized by the company as a "double-digit million dollar" investment, the round was led by Life.SREDA, and featured participation from Groupon, BBVA Ventures, and other existing investors.

    Like the company's Series B round a year ago, the exact amount of this new investment was not made available. Last year's investment was characterized as "multi-million euro". 

    Update: Crunchbase reports that the amount has been rumored at $13 million.

    Daniel Klein, SumUP CEO, pointed to Life.SREDA's experience in the fintech space worldwide. "Life.SREDA is building an eco-system of companies disrupting a wide range of financial services and products. We are happy to become a part of this network."

    For its part, Life.SREDA praised SumUp's focus on "end-to-end payment capabilities" such as the company's proprietary Chip & Pin terminal. Life.SREDA CFO Alex Ivanov said, "no other mPOS player in the world has focused so much on disrupting the actual technology behind the revolutionary mPOS business model."
    SumUp says that the new capital will help fund building out its payments gateway, proprietary hardware, and operations systems. Part of this will be a push to help promote the company's Chip & Pin terminal, called "PIN+" internationally.

    Founded in 2011, SumUp is based in Dublin, Ireland. The company demoed its mPOS technology as part of FinovateEurope 2013, where SumUp earned Best of Show honors. See the company's demo video here.

    Finovate Alumni News-- May 29, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgChina Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending.
    • App Annie Acquires Distimo; raises $17 Million from Current Investors.
    • SumUp launches its own chip and PIN reader, PIN+, in Poland and Switzerland.
    • Credit Sesame launches mortgage rate marketplace.
    • DemystData brings in $5 Million for its Big Data API for financial institutions.
    • NHS Shared Business Services selects Tradeshift platform to enhance supply chain.
    • Actiance announces general availability of Alcatraz, a cloud-based, Context-Aware archive for email, social, and other communications.
    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.
    As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we'd take some time to catch up with last year's best of show winners to see what they've been up to over the past 12 months.

    Here are last year's winners, in alphabetical order:


    Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

    What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
    Demo video

    What they've been up to:

      • Celebrated the second year of its social media bank and attracted 3k banking customers.
      • Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.


    Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

    What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
    Demo video

    What they've been up to:

    • Was recognized as Lithuania's most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
    • Released a mobile banking app for Medicinos Bankas.
    • One of the DNB Group's Internet banks implemented BANKTRON and its newest adaptive interface.


    Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

    What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

    What they've been up to:

      • mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
      • mBank announced a new transactional service, new logo, premium offer for affluent customers.
      • Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
      • Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title


    Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.

    What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.

    What they've been up to:

      • Promsvyazbank in Russia launched Meniga-powered PFM-Service
      • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
      • BRE Bank launched its "new mBank"based on Meniga´s PFM solution


    Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.

    What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers manage and improve their financial health

    What they've been up to:

      • Launched their Android app
      • Updated the iOS app
      • Received $2 million investment from Life.SREDA
      • Expanded the beta sign ups for the bank
      • Debuted Money Pulse to help users manage day-to-day finances


    Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.

    What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment

    What they've been up to:

    • Rebranded as Oink
    • Launched new iOS mobile app
    • Contracted with Marvelous USA to provide its payment system on their site
    • Expanded to a quarter of a million users
    • Signed its first UK partners, Toy Galaxy and Toadstool
    • Won The National Parenting Center's 2013 Seal of Approval under the Websites category.
    • Partnered with epay
    • Received Excellence in Best Practices Award from Frost & Sullivan


    Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

    What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another

    What they've been up to:

    • Launched Android app
    • Presented their solution to the Bavarian Ministry of Economics


    Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

    What they demoed: Their mobile point of sale system

    What they've been up to:

    • Expanded to Latin America with launch of m-payments service in Brazil
    • Cut its transaction fee across Europe
    • Received investment from BBVA Ventures to aid in expansion to South America
    • Launched plug-and-play POS technology
    • Received multi-million Euro investment from Amex and Groupon
    • Launched in Russia and partnered with Svyaznoy Group
    • Partnered with Revel Systems to facilitate card payments
    • Began supporting AmEx in some European markets

    To be a part of the action at this year's FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

    Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.

    2013 funding summary:
      • 62 companies raised $825 million
      • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
      • October was the busiest month, with $177 million raised (mostly Xero's $150 million)
      • May was second highest with $91 million raised by 7 companies
    2012 comparison
    Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.

    Quarter 1 -- blog post
    More than $155 million raised by 14 companies

    January -- $57 million raised by 6 companies
    February -- $56 million raised by 5 companies
    March -- $42 million raised by 4 companies

    Quarter 2 -- blog post
    More than $205 million raised by 15 companies

    June -- $81.7 million raised by 6 companies
    May -- $91.5 million raised by 7 companies
    April -- $32 million raised by 2 companies

    Quarter 3 -- blog post
    More than $171 million raised by 22 companies

    July -- More than $63 million raised by 8 companies
    August -- More than $26 million raised by 6 companies
    September -- $82 million raised by 9 companies

    Quarter 4
    More than $294 million raised by 17 companies

    October-- $177 raised by 6 companies
    November -- More than $87 million raised by 7 companies
    December -- More than $30 million raised by 6 companies

    Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at or

    • Finovate-F-Logo.jpgRentPaidOnline and PayNearMe partner to bring cash payments to its online platform 
    • Daily Finance interviews PaySimple CEO Eric Remer on Next-Gen Payment Processing.
    • ShopKeep POS releasing new version of its iPad-based sales mgmt system to cut checkout time in retail locations.
    • Novant Health launches on doxo to deliver bills & simplify the patient experience.
    • Lendio named one of Utah Business Magazine's Best Companies to Work for in 2013.
    • Credit Sesame launches banking channel with new interest rate comparison tool.
    • Billhighway ranked no. 146 fastest growing company in North America on Deloitte's 2013 Tech Fast 500.
    • Former U.S. Treasury assistant secretary for financial institutions and Google SVP join Lending Club's advisory board.
    • The Paypers reports SumUp extends to Latin America with launch of m-payments service in Brazil.
    • Lend Academy reports: Lending Club now valued at over $2 Billion.
    • Open Bank Project organizing the second edition of Hack/Make The Bank FinTech hackathon in Paris on Nov 30th.
    • EyeVerify competes tonight in Kauffman Foundation's "Get in the Ring: The American Startup Clash".
    • Texas Advanced Computing Center to test pilot Toopher's Invisible Multifactor Authentication solution.
    • MasterCard opens office in Bangladesh.
    • Leaf featured in column on Boston-based mobile payment hardware systems.
    • The Points Guy compares new Coin card to Wallaby Card.
    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-F-Logo.jpgMarketWatch mentions BrightScope and FutureAdvisor as two ways to enhance your retirement portfolio.
    • Quippi to use PayNearMe to enable cash payments for its international gift cards.
    • MoneyDesktop launches Client Services product to offer employee training, marketing, tech support & other services to increase ROI PFM investment.
    • Atlanta-based Cardlytics opens first NYC office.
    • The Guardian mentions SumUp in its review of popular mobile apps for business.
    • Finovate alums FIS, Fiserv, ACI Worldwide, Jack Henry Banking, and Temenos earn spots on IDC Financial Insights tenth annual FinTech 100 list.
    • PandoDaily takes a look at Netswipe 2.0, Jumio's payment card scanning solution.
    • Celent reviews Comarch Wealth Management Platform.
    • Ignite Sales launches mobile recommendation guides to accelerate bank customer on boarding.
    • Multicom announces partnership with pre-paid virtual card provider, Ixaris.
    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.

    The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

    Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

    Here is the Q3 summary for 2013:

    July -- More than $63 million raised by eight companies
    August -- More than $26 million raised by six companies
    September -- $82 million raised by nine companies
    Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at or
    • Intuit integrates QuickBooks with Square's POS products via an API deal.
    • Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.
    • SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.
    • TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.
    • talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).
    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-F-Logo.jpgTechCrunch reports: Lendio using new funding to help SMBs secure loans & avoid bad credit.
    • Payments Source considers how SumUp is competing in a Square world.
    • Cards International reports: Dynamics unveils U.S.A credit card with stars and stripes magnetic strip. Come to FinovateFall in NYC to see Dynamics showcase its new innovation.
    • MasterCard, C-SAM, DNP team up to bring white-label NFC mobile wallet service to Japan. See MasterCard demo at Finovate Fall in September.
    • OxGadgets reviews miiCard as a solution for online identity authentication. Join miiCard in New York for FinovateFall.
    • Mashreq Bank launches EMV chip and PIN-compliant mobile POS service via partnership with Swiff and MasterCard.
    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.
    • SumUp to participate in the Visa Ready program to prepare their mobile acceptance software and hardware tested and approved for use by Visa.
    • Linkable Networks partners with 4INFO, a mobile ad tech company, to provide consumers with access to card-linked offers via mobile devices.
    • Metaforic releases Metaforic WhiteBox, a secure cryptography solution for Mobile Financial, Conditional Access, BYOD and Embedded Communications and payments.
    • Merchant Customer Exchange chooses FIS to power real-time, mobile commerce payment network.
    • Finovate alum Braintree highlighted in coverage of MobileBeat 2013.
    • Financial Post takes a look at "do-it-yourself hedge fund site" Quantopian.
    • Allied Payment Network and Malauzai Software team up to provide PicturePay as stand-alone mobile bill pay solution.
    • Dashlane and Narrative Science graduate from FinTech Innovation Lab after participating in "Demo Day".
    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.
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    SumUp is coming to America - one hemisphere at a time.

    The European mobile payments company is expected to reach South American shores by the end of the year, according to a report in TechCrunch published today.

    News of the expansion comes as SumUp announced receiving funding from BBVA Ventures, the venture capital wing of Spanish bank, BBVA. The amount of BBVA's investment was undisclosed, but it is believed to be part of the larger investment of more than $20 million announced by SumUp in May. That round included participation by investors ranging from American Express to Groupon to Tengelmann Ventures.

    Thumbnail image for BBVALogo.jpg
    Funding from BBVA will contribute toward SumUp's growth into South America, as well as help extend the brand in European countries like Spain and Portugal, where BBVA is strong. SumUp also recently announced expansion into Russia.

    Both BBVA and SumUp are alumni of FinovateEurope 2013, held earlier this year in London. BBVA demoed, technology that analyzes Twitter data for clues to market sentiment. SumUp presented its mobile payments solution, which makes it easier for small businesses to accept card payments.

    See BBVA's presentation here. SumUp's demo is available here.
    • FinovateLOGO.jpgACI Worldwide announces latest version of ACI Acquirer, the company's multi-currency merchants management system.
    • Mitek wins patent for its technology that lets customers transfer credit card balance using their mobile device.
    • BBVA Ventures investment helps SumUp plan for South American expansion.
    • GoBank's mobile-first bank accounts now available through Rite Aid.
    • Monitise VP of mPOS Tim Corke talks mobile point-of-sale in video interview with Finextra.
    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.

    For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

    • Q2 2013: 15 companies raised more than $200 million
    • Q1 2013: 15 companies raised more than $155 million -- blog post
    • Q2 2012: 14 companies raised more than $120 million -- blog post

    Here's the Q2 summary for 2013:

    April -- $32 million raised by two companies
    May -- $91.5 million raised by seven companies
    June -- $81.7 million raised by six companies


    *While the funding over last year has increased, so has the number of Finovate alums. We're tracking more than 100 additional companies this year compared to last year.

    Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at or

    • Finovate-F-Logo.jpgWalmart names InComm supplier of the year.
    • Crawford Technologies announces new partnership with Striata.
    • American Banker reports: Q2ebanking to Resell Andera Software.
    • Banno names Ben Metz as CTO.
    • Receivable Exchange closes $10M funding round led by current investors.
    • GoBank goes live, mobile banking app available on iOS.
    • Newfination interviews Sasha Orloff, CEO of LendUp.
    • IntelliResponse adds VOICES to virtual agent technology.
    • Lloyds Bank partners with Monitise to develop a suite of mobile card acceptance solutions for micro-merchants, start-ups and small business owners.
    • LICUOS wins Innotribe Startup Disrupt competition at Next Bank Madrid.
    • Realty Mogul tops $2 million raised one month after reaching $1 million raised mark.
    • Finect advises FIs not to panic when it comes to spot checks from FINRA.
    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.
    • Cardlytics granted patent to deliver targeted marketing offers through its network of nearly 400 banks.
    • interviews SumUp's managing director, Stefan Jeschonnek regarding Groupon and Amex's recent investment.
    • Talkapolis interviews iQuantifi founder & CEO Tom White.
    • World's largest online shoe company deploys Taulia's cloud-based solution.
    • UK-based Nutmeg appoints Lee Cowles as its new managing director.
    • Lending Club expands offices in San Francisco.
    • TSYS signs long-term, consumer credit card payment processing agreement with KeyBank.
    • ACI Worldwide to provide online banking, bill pay, and mobile banking 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.

    European-based payment service, SumUp, announced a new round of funding yesterday. American Express and Groupon participated in the round.

    Previous investors also contributed, including:

      • b-to-v Partners 
      • Shortcut Ventures
      • Tengelmann Ventures
      • business angels

    While the Dublin-based company isn't disclosing the exact amount of the funding, it hinted that it was a multi-million Euro investment.


    The funding will be used to:

      1. Support SumUp's expansion into new territories (it recently expanded into Russia) 
      2. Further build out its payment solution  
      3. Develop new services to enhance the point-of-sale
    To learn more about SumUp, watch its FinovateEurope 2013 demo.

    SumUp, a European player in the mobile-based card reader and point-of-sale space, recently launched in Russia and has opened an office in Moscow.

    In Russia, the SumUp card reader will support all major credit and debit cards, including MasterCard and Visa. Support for American Express is coming soon.

    The Ireland-based company is now operating in 11 countries:


          • U.K.
          • Germany 
          • Ireland
          • Austria
          • Netherlands
          • Spain
          • Italy
          • France
          • Portugal
          • Belgium
          • Russia

    This expansion gives SumUp the largest geographical footprint (in pink, above) over other European mobile point-of-sale rivals such as iZettle.

    Along with the Russian launch, SumUp announced a partnership with Svyaznoy Group to distribute SumUp dongles in almost 3,000 Russian retail stores. 

    Businesses can sign up for SumUp's service in brick-and-mortar Svyaznoy stores and on SumUp's website. The service provides native language assistance.

    To learn more about SumUp, watch its FinovateEurope 2013 demo, where it won Best of Show.

    Thumbnail image for Thumbnail image for SumUpHiLogo.jpg

    The partnership between the two companies means that the iPad-based cash registers provided by Revel Systems now will be able to process both debit and credit card payments.

    Revel Systems hopes that SumUp's technology will enable the company to expand into Europe, where the ability to process cards is critical. Revel currently has more than 100 store chains and restaurants in North America, Australia, and Saudi Arabia using its point-of-sale platform.

    Called a "European Square", SumUp is focused on building technology that will bring cashless, point-of-sale commerce to small businesses. All the merchant requires is SumUp's portable card reader and the iOS or Android app, and they are ready to accept card payments on their mobile device.

    SumUp was founded in 2011, and is headquartered in Dublin, Ireland. The company has raised $20 million in funding, and recently announced that it had added American Express cards to the range of cards SumUp can process.

    SumUp was one of the companies that demoed their technology as part of FinovateEurope in February. See them in action at our FinovateEurope video page here.

    Finovate Alumni News-- March 26, 2013

    • Thumbnail image for Finovate-F-Logo.jpgTransferWise featured in HuffPost Students United Kingdom.
    • EZBOB investor John Garfield profiled in The Telegraph.
    • compares money transfers through Azimo.
    • Fiserv partners with Romania-based Eutron Invest to provide Cash and Logistics solution portfolio to the Romanian market.
    • Forbes looks at the "best of the best" debt crowdfunders including Lending Club, Prosper, Zopa, SoMoLend, Rebirth Financial.
    • SecureKey announced availability of its cloud-based identity and authentication platform.
    • ID Analytics introduces fraud detection solutions for online retailers.
    • The Globe and Mail lists Expensify as 1 of 5 apps that take the bumps out of business travel.
    • Petter Made, co-founder and COO of SumUp, talks about the advantages of Dublin as a base for business.
    • Credit Union Times reports: Fiserv launches SpotPay.
    • Finextra reports G&D and PayPal team on pre-paid mobile top-ups in Brazil.
    • Practical eCommerce takes a look at Klarna Invoice for OSC programs.
    • CSI's globalVCard wins top entrepreneurial prize at 2013 Innovation Project.
    • Newfination interviews CurrencyFair's Brett Meyers.
    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-- March 25, 2013

    Thumbnail image for Finovate-F-Logo.jpg
    • Innovations in gamification help True Office win Computerworld Honors Program award.
    • Aiming for the enterprise: Mobile Payments Today features Corduro.
    • American Banker reports: Randolph-Brooks chooses Andera's online account opening platform.
    • The gamification revolution interviews Michelle Katics, CEO of BankersLab.
    • Kabbage takes home first place for Top B2B Innovation from
    • Virtual Piggy taps into $10Bn Annual Market with epay Partnership.
    • eToro placed on the 2013 FinTech50 Watchlist, a shortlist of 50 companies in Europe that are redefining financial services through technology.
    • Macgasm features as 1 of 5 apps of the week.
    • Tradeshift features Intuit's Eric Dunn to talk about the recent partnership.
    • TechCrunch reports: Yodlee Interactive now powers financial data for 300 apps and businesses; on pace to surpass 500 in 2013.
    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.

    European mobile payments company SumUp announced recently that it has added support for American Express in some of the European markets in which it operates.

    Customers can make payments with an American Express credit card using either the traditional EMV method or SumUp's new mobile payment method, SumUp Pay, that it demoed at FinovateEurope last week.


    American Express payments are approved in the following markets:

      • Germany
      • France
      • UK
      • Ireland
      • Italy
      • Netherlands
      • Spain
      • Austria

    Negotiations to accept American Express are still ongoing in Belgium and Portugal, the other two countries in which SumUp operates.

    Unlike most merchants who accept American Express credit cards, those who use SumUp will not be faced with a premium fee. Instead, they will pay SumUp's regular 2.75% per transaction fee.

    In its press release, SumUp claims it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide.

    SumUp's demo video from FinovateEurope 2013 in London will be posted soon at

    FinovateEurope 2013 in the Press

    Here's a look at some of the press coverage we received from FinovateEurope last week:

    Money-Transfer Service Azimo Integrates with Facebook
    By David Cohen

    American Banker
    Cardlytics Brings Offers, Rewards to Bank Customers on Facebook
    by Mary Wisniewski

    True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps
    by Mary Wisniewski

    Backbase blog
    Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013
    by Prue Duggan

    Bank Marketing Strategy
    Moven From Mobile Banking to Mobile Money
    by Jim Marous
    mBank idzie za ciosem i pokazuje kolejne nowości
    by Michał Kisiel 

    Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości

    Banking Technology
    Finovate Europe sees arrival of the Old Guard
    by David Bannister

    Temenos debuts LiveDesigner at Finovate Europe
    by David Bannister

    Finovate Europe 2013: Bank to the Future
    by Auke Douwe

    Berliner Morgenpost
    SumUp will traditionelle Kassen abschaffen
    by Jürgen Stüber

    Computer World
    Gamification trend could save banks from huge compliance fines
    by Matthew Finnegan

    Credit Union Times
    Mobile Banking by Voice Next Up? Print Preview 
    by Robert McGarvey

    Finantix takes mobile banking to the next level
    Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs
    by Paul Sawers

    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers

    El Economista
    BBVA participa en FinovateEurope entre ´startups´ europeas

    El País blog
    Móvil y banca en España
    by Álvaro Martín Enríquez

    Financial Times
    Eye-opening options
    by Peter Williams

    Money app aimed at Facebook users
    by Duncan Robinson

    Triumph of technology
    by Peter WIlliams

    Moven gears up for launch

    Temenos unveils LiveDesigner tool for Web application development

    The Currency Cloud API integrated into Salesforce and Sage 50

    Forrester blog
    Finovate Europe 2013: Bank to the Future
    by Auke Douwe Veenstra

    Finovate Europe 2013: Digital Financial Innovation
    by Benjamin Ensor

    The Currency Cloud's unique cross-border-payments-a-service capability available for leading enterprise software 

    GoMo News
    UK startup debuts mobile money app for Facebook
    by Dave Evans

    ICT journal
    Huit innovations financières primées à Finnovate
    by Hélène Lelièvre

    Temenos étend sa gamme de solutions pour l'expérience utilisateur
    by Bastien Brodard

    Intelligent HQ
    #Finovate NOW a new generation of Social Bankers
    by Hayden Richards

    FinTech News: #Finovate, #Gamification trends
    by Hayden Richards

    International Business Times
    Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried?
    by Christopher Zara

    Mapa Research
    Finovate Day One Round Up
    by Paul Merry

    Finovate Day Two
    by Joshua Grant

    Money Marketing
    Ian McKenna: New tech will drive down costs
    by Ian McKenna

    Moven gives sneak peek of new mobile banking app
    by Hamish McKenzie

    Payments Journal
    Kabbage Extends Its Small Business Funding Model To the UK

    Payments Source
    Cardlytics Searches for Issuer Adoption on Facebook
    by John Adams

    PR Web
    Meniga Awarded its Second "Best of Show" Trophy at Finovate

    Programmable Web
    Integrate Cross-border, International Payments Processing with Currency Cloud's XBPConnect API
    by Eric Carter

    Puls Biznesu blog
    Taki będzie Nowy mBank

    RFP Connect
    SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013

    Shiny, Shiny
    Azimo lets you transfer money to your Facebook friends
    By beccacaddy

    Ezbob to expand to the US
    By Chris Dawson

    Kabbage announces UK launch at Finovate EU
    by Chris Dawson

    Kabbage Brings Data-Focused Online Merchant Lending To The UK
    by Leena Rao

    Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union
    by Steve O'Hear

    Now you can use Facebook for international currency transfers
    By Justin Harper

    The Next Web
    Cardlytics' transaction-linked ads for bank statements to get Facebook integration, as EU launch nears
    by Paul Sawers

    Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0
    by Paul Sawers

    P2P FX platform CurrencyFair announces $500m of transactions so far,
    and vies fo $1bn in 2013 alone
    By Paul Sawers

    SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
    by Paul Sawers

    BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter
    by Miriam Castellanos

    Azimo claims first with Facebook funds transfer service
    By Travolution

    Kabbage brings its quick fix loans to UK merchants
    by Christina Farr

    Thanks to everyone who came and helped make this year's FinovateEurope the biggest yet.
    We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact with the link.

    FinovateEurope 2013 Best of Show Winners

    Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).

    The winners (in alphabetic order):

    • Credit-Agricole for its app store where it is wooing outside developers
    • ETRONIKA for its BANKTRON e-channel management platform
    • mBank with Efigence for their Facebook & social platform 
    • Meniga for its PFM platform, including "buy" vs "not buy" feature
    • Moven (Movenbank) for the worldwide launch of its mobile-optimized bank
    • Pockets United for its group purchasing mobile solution
    • SumUp for its mobile point-of-sale system
    • Virtual Piggy for its kids' payment system with parental controls

    We'll have videos of all 64 demos posted at within a few weeks.

    Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.


    Notes on methodology:  
    1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
    2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
    3. The exact written instructions given to attendees: "Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed."  
    4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.  
    5. Go here for a list of previous Best of Show winners.

    This post is a part of our live coverage of FinovateEurope 2013.

    Thumbnail image for SumUpHiLogo.jpg
    SumUp just started its demo featuring a payment acceptance platform:

    "SumUp's payment card acceptance platform helps the millions of small businesses that are missing out on customers because they cannot accept card payments. Traditional card terminals are expensive, with high monthly fees and long contract durations. SumUp's payment dongle offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. 

    Using only a portable card reader and an iOS and Android app, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction."

    Product Launched: Q1/2 2013

    HQ: Dublin, Ireland
    Founded: August 2011
    Metrics: Completion of a two-digit million EURO funding round in Q2 2012, over 130 employees across 10 countries
    Twitter: @SumUp_UK

    Presenting Stefan Jeschonnek (Co-Founder & CMO) and Florian Richter (Country Manager UK)

    • Finovate-F-Logo.jpgLend Acadamey reports: SocietyOne May Be the Most Innovative P2P Lender on the Planet.
    • American Banker reports: Experian providing prepaid card service provider Cardplatforms with its global authentication services.
    • ValidSoft's Secure Mobile Architecture for Real-time Transactions selected to be an integral element in Spindle's payment acceptance service.
    • Cortera's Pulse is winner of the 2013 SIIA CODiE Award for Best Business Information Solution.
    • SumUp partners with blue solution software to integrate API into Top Reparatur.  See them demo at FinovateEurope next week.
    • Acculynk's PayLeap reaches strategic agreement with Spindle to integrate platforms.
    • IgniteSales reports 100% revenue growth for 2012.
    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.

    FinovateEurope 2013 Sneak Peek: Part 2

    Here's part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London. 

    Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

    Don't miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.



    Thumbnail image for BackbaseLogo.jpg
    Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

    With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

    Innovation type: Marketing, mobile, online

    Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

    FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

    FIND helps you explore new ideas and keep pulse on current business events/issues.  Whether you are a short term trader, investor, or fund manager - whether you prefer equities, futures and options, forex or commodities - you will find a wealth of information that matters to you streaming at your fingertips.

    Innovation type: Investing & asset management, online


    Thumbnail image for HolviLogo.jpg
    Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.

    Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

    Innovation type: Online, payments small business


    Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

    With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

    We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

    Innovation type: Banking


    Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

    For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

    Innovation type: Security

    Pockets United

    Thumbnail image for PocketsUnitedLogo.jpg
    Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices - whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

    BAM! 'Social' is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

    Think of us as Paypal, just with a lot more pal - and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

    Innovation type: Mobile, payments, PFM


    Thumbnail image for Thumbnail image for rplanHiLogo.jpg
    Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.

    rplan is for customers who want choice, but who don't want to become finance specialists just to manage their investments - because there are better things to do in life than researching mutual funds.

    Innovation type: Investing & asset management, online, PFM


    SumUp's vision is to change commerce on a global scale starting with a real and existing payments problem.

    Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments. 

    Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

    SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

    Innovation type: Cards, mobile, payments, rewards

    Watch Demos

    Click above for video archives of all demos.



    See all Finovate tweets