On Finovate.com

• Kantox Closes $5.7 Million to Bring More Tech to FX.

• Payfone Raises $24 Million in Round Led by TransUnion.

Around the web

• Forbes highlights how banks are using Ripple.

• Kony helps Amway drive digital innovation for business owners across 100 countries and territories.

• Revolut adds 5 new currencies to the app including: MXN, SAR, RUB, HRK, and BGN.

• Entersekt expands operations, opening second office in Cape Town.

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.