Finovate Alums Are Top Tech Startup Fundraisers in Four States

Finovate Alums Are Top Tech Startup Fundraisers in Four States

TheUSofStartups_infographic

An interesting infographic from CB Insights reveals four Finovate/FinDEVr alums to be the most well-funded tech startups in their respective states.

“Using CB Insights data, we analyzed the most well-funded startups by state, based on disclosed equity funding,” read the CB Insights blog accompanying the map. The survey did not include debt funding and companies that had to have raised at least $5 million. The survey also excluded Alaska or Hawaii, which had no qualifying startups.

Avalara_FinDEVr2015_logoAvalara (Washington State)

CashStar_Grayscale_Logo_No_TagCashStar (Maine)

edo_Interactive_logoedo Interactive (Tennessee)

 

Kabbage_logoKabbage (Georgia)

For more on funding for Finovate alums, check out our funding year-in-review, Finovate Alums Raise More than $3 Billion in 2015.

Finovate Alumni News

On Finovate.com:

  • A Cartographer’s Guide to FinovateEurope.

Around the web:

  • Thinking Capital to power new Staples Business Loans program for small businesses in Canada.
  • Markit lands three new customers for its KY3P (Know Your Third Party) platform, including fellow alum, Luxoft.
  • VentureBeat looks at Expensify and its plans for European expansion.
  • Currency One launches Valuto in Europe. See the live demo at FinovateEurope next week in London.
  • American Banker: OnDeck Capital adds former E-Trade exec to board.
  • Insuritas to power insurance solution for Bank of England and Bank of England Mortgage.

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:

  • BlackRock’s FutureAdvisor Collaborating with RBC Wealth Management.

Around the web:

  • LHV, Estonia’s largest domestic bank, integrates with the TransferWise API.
  • Quorum Federal Credit Union implements automated workflow solution from Jack Henry & Associates’ Symitar division.
  • FIS launches ATM TestBench, providing banks with automated testing for their physical ATMs.
  • Online trading platform Investfly integrates with the Tradier brokerage API.
  • Malauzai surpasses 1 million SmartApp downloads.
  • Product Review publishes positive assessment of Cortera Pulse.
  • Kasasa launches in-branch-sales Tool Builder with optional identity protection.

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 Alums Raise More Than $3 Billion in 2015

Finovate Alums Raise More Than $3 Billion in 2015

moneybag_goldcoinsMaybe it’s passé to say another year was a “banner year” for investment in fintech. But there is no better way to describe the more than $3 billion in funding raised by Finovate alums in 2015.

We previewed our alum funding for 2015 a few weeks ago with a look at investment in European-based alums. Now we present the numbers for the entire world.

Finovate alums by year

Highlights from 2015

  • Worldwide, 116 Finovate alums raised $3.1 billion
  • Credit Karma raised the largest amount of capital, pulling in $175 million in June. Kabbage came in second with $135 million in October.
  • April may be poetry’s cruelest month, but for Finovate alums, it was the most lucrative with $400 million raised by 15 companies. January was a close second, with $340 million raised by 14 companies.
  • April was also the biggest month for number of deals with 15. January, May, and July were a close second with 14 deals each.

Alum funding by month

December

November

October

September

Mergers & Acquisitions: Prosper signals Move into PFM with $30 Million Acquisition of BillGuard.

August

Mergers & Acquisitions: FutureAdvisor acquired by BlackRock.

July

June

May

Honorable mention: Zenefits raises $500 million (company founded by serial entrepreneur Parker Conrad, founder of alums SigFig and Wikinvest).

April

Mergers & Acquisitions: SaveUp purchased by Chicago-area entrepreneur, Paul J. Bart; Early Warning acquires Authentify

March

Mergers & Acquisitions: Multi-Factor Authentication Specialist Toopher Acquired by Salesforce; ReadyforZero Acquired by Avant in cash and stock deal; printer-giant Lexmark to acquire Kofax for $1 billion; LearnVest acquired by Northwestern Mutual for more than $250 million.

February

Mergers & Acquisitions: Samsung acquisition of LoopPay puts Apple Pay on notice.

January

Mergers & Acquisitions: Akimbo Financial acquired by Payment Data Systems.


*New alum; funds raised prior to Finovate appearance.

Funding that companies received before they first appeared at Finovate was not counted in overall totals.

Questions? Comments? Email us at [email protected].

Former HP Exec Rob Binns Appointed New CFO at Misys

Former HP Exec Rob Binns Appointed New CFO at Misys

Misys_homepage_Feb2016

Rob Binns will join Misys as the company’s new CFO; he formerly served as the head of treasury and investor relations at Hewlett-Packard.

Misys CEO Nadeem Syed said that hiring Binns will help the company continue the “outstanding financial performance” that is central to its long-term strategy. “I am excited to welcome Rob on board at at time when we are looking to further accelerate our growth.”

Misys_stage_FEU2015

Pictured (left to right): Misys Director of Innovation József Nyíri, and Senior Marketing Strategist Alex Kwiatkowski demonstrate FusionBanking Essence Digital at FinovateEurope 2015 in London.

“(Misys) is well placed to take pole position as the number-one provider of financial software,”added Binns. “(I am) looking forward to contributing to the next stage of Misys success.”

Misys_RobBinnsBinns joined HP in 2007 and served as VP of Software Field Operations and VP of Investor Relations before being named Vice President and CFO, HP Software in 2014. Binns won the Tech IR award from Institutional Investors Magazine in 2014 and 2015, and is a fellow of the Chartered Association of Certified Accountants in the UK.

A global banking solution provider, Misys announced in December that Habib Bank (HBL) in Pakistan will implement its FusionBanking Corporate Channels technology. This follows the company’s successful rollout of FusionBanking Essence Islamic in the summer of 2015. More recently, Misys unveiled FusionCapital, its capital markets trading platform in December. Last November, Misys earned recognition in the Readers’ Choice component of the 16th Annual Banking Technology 2015 Awards.

Founded in 1979 and headquartered in London, Misys demonstrated its FusionBanking Essence Digital platform at FinovateEurope 2015. The company won Best of Show at FinovateEurope 2014.

Finovate Alumni News

On Finovate.com:

  • Former HP Exec Rob Binns Appointed New CFO at Misys.
  • Ripple Partners with SBI Holdings to Meet Demand in ASEAN Countries.
  • Sparkroom Acquired by Digital Media Solutions.
  • Finovate Alums Raise More Than $3 Billion in 2015.

Around the web:

  • United Nations Federal Credit Union ($4.3 billion in assets) to deploy DNA core processing platform from Fiserv.
  • Which.co.uk compares money transfer innovators like CurrencyFair to banks to find the best way to send money overseas.
  • eToro launches its first, major UK advertising campaign: “Take the Bull by the Horns.”
  • Taulia Wins GABA’s 2016 Startup and Innovation 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.

 

True Potential Scores Significant Investment from FTV Capital

True Potential Scores Significant Investment from FTV Capital

TruePotential_homepage_Jan2016

True Potential, a U.K.-based financial services group, has picked up a “significant investment” from FTV Capital. The amount paid for the minority stake in the company was not disclosed, but the investment puts True Potential’s valuation at more than £150 million (more than $213 million USD).

“Our aim at True Potential is to revolutionize the way wealth management is delivered,” said David Harrison, True Potential’s managing partner. “We believe by using technology to deliver financial services, we empower financial advisers and their clients to take control of their financial futures.”

TruePotential_stage_FF2014

From left: True Potential Head of Mobile Applications Paul Outterside and Senior Partner Daniel Harrison demonstrated impulseSave at FinovateFall 2014 in New York.

FTV Capital partner, Brad Bernstein, echoed this last point, adding that “as the wealth management landscape in the U.K. continues to transform, digital tools will become table stakes for advisers who want to retain existing clients and continue to grow their client bases.” Bernstein, along with fellow FTV partner, Kyle Griswold, will join True Potential’s board of directors as part of the investment.

True Potential builds and markets integrated wealth-management technology to financial advisers and retail clients. A leading U.K. platform provider, True Potential provides solutions for nearly 20% of financial advisers in the United Kingdom and serves the wealth-management needs of more than 2.1 million private clients. True Potential’s platform gives wealth managers everything from client onboarding to fee and commission reconciliation and client servicing support. Private clients enjoy a variety of features including investment options such as impulseSave, which allows clients to make micro-payments as low as a single euro to their investments.

The investment news comes at the same time that True Potential announced gross sales of more than £1 billion in 2015—the second year in a row in which revenues topped the £1 billion mark. Other recent headlines for True Potential include the launch of the company’s Managed Portfolio Series (MPS) and, on the technical side of things, the release of the company’s Apple Watch app last May. True Potential unveiled True Potential One last March to help investors consolidate and simplify their finances.

Founded in March 2007 and headquartered in Newcastle upon Tyne, United Kingdom, True Potential demonstrated its impulseSave technology at FinovateFall 2014.

FinovateEurope Sneak Peek: SizeUp

FinovateEurope Sneak Peek: SizeUp

SizeUp_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

SizeUp helps banks better serve their small business customers through big data. It provides individually customized, hyper-local business intelligence for SME companies.

Features include:

  • Improve value to small business customers through big-data insights
  • Introduce bank products and services
  • Increase SME customer acquisition and retention

Why it’s great
SizeUp helps banks deliver new value to their small business customers through big-data insights that SMEs could not previously access.

Presenters

SizeUp_AnatalioUbaldeAntalio Ubalde, CEO, Founder

Ubalde is a successful entrepreneur and executive who leads Software-as-a-Service ventures focused on data-driven solutions for small businesses and economic development.
LinkedIn

 

SizeUp_BrandonHarrellBrandon Harrell, Product Manager

Harrell manages SizeUp products. He has international experience in Geographic Information System (GIS) modeling, analysis, and project management.
LinkedIn

FinovateEurope Sneak Peek: Featurespace

FinovateEurope Sneak Peek: Featurespace

Featurespace_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

Featurespace is revolutionary, machine learning software developed at Cambridge University. Featurespace is the world leader in adaptive behavioral analytics for software deployed on-premise or via cloud.

Features include:

  • Full control against new and known fraud attacks
  • Power to protect customers while accepting their business
  • Machine learning models managed by internal analyst teams

Why it’s great

ARIC Fraud Manager gives financial services protection from new, unknown fraud attacks—as they happen.

Presenters

Featurespace_MattMillsMatt Mills, Commercial Director

Mills has a background in development, with a degree in computer science and software engineering from Durham University. Prior to Featurespace, Mills worked at Autonomy, launching the Aurasma Augmented Reality platform, followed by the partner programme which gained 10,000 partners in its first year, among them Telefonica, the biggest partnership in the history of AR.
LinkedIn

 

Featurespace_DaveExcellDave Excell, CTO, Co-founder

Excell works with a client’s commercial, operational and technical teams to understand their business needs and translate these needs into technical requirements—including data, analytical modeling, and software architecture—to deliver effective solutions.
LinkedIn

 

FinovateEurope Sneak Peek: IDscan Biometrics

FinovateEurope Sneak Peek: IDscan Biometrics

idscanbiometrics_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

IDscan Biometrics Limited is a U.K.-incorporated company headquartered in London, with sales and support offices in Johannesburg and Melbourne, and R&D offices in Turkey and Lithuania.

Features include:

  • Customer onboarding
  • Identification and authentication
  • Customer ID management

Why it’s great
The future is now. Identity theft is becoming too common … let’s make the world a safer place.

Presenters

Tamlyn Thompson, CEO
LinkedIn

Zaher Zaiden, CFO

 

FinovateEurope Sneak Peek: ITSector

FinovateEurope Sneak Peek: ITSector

ITSector_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

ITSector SA, a company with long experience in the financial area, presents omnichannel credit products to minimize the credit process and improve user experience.

Features include:

  • Mobile app for consumer credit
  • Beacons and push-up notifications
  • Credit simulation using augmented reality
  • Workflow for real-time credit approval
  • Channel to the store to manage the credit sales

Why it’s great

Our solution is dedicated to consumer credit, 100% integrated between the client, the bank, and the stores with different channels, using beacons and augmented reality.

Presenter

ITsector_PedroAlmeidaPedro Almeida, Member, Board of Directors

Almeida has experience in project management, business and technical requirements analysis, and application technical architecture definition. He specializes in banking and telcos IT services.
LinkedIn

 

ITsector_MariaDominguesMaria Domingues, Market Manager
LinkedIn

FinovateEurope Sneak Peek: SBDA Group

FinovateEurope Sneak Peek: SBDA Group

SBDAGroup_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

SBDA Customer Insight turns raw internal and external banking data into targeted customer-relationship management with a platform that portfolio and product managers will love to use.

Features:

  • Campaigns launch in 15 minutes
  • One person can handle whole campaign from end to end
  • More than 400 built-in insights about customers’ real life

Why it’s great
SBDA’s platform fills the gap between banking analytics and campaign execution.

Presenters

SBDA_NikitaBlinovNikita Blinov, CEO
LinkedIn

 

 

 

SBDA_AlexanderFonarevAlexander Fonarev, Chief Data Scientist

Fonarev’s responsibilities include supervision of data science projects, solving problems using machine learning and data-mining techniques, consulting external teams in data science, management of data science and analytics teams, and reformulation of the business objectives into the data-mining teams.
LinkedIn

SBDA_AnnaLaskovayaAnna Laskovaya, Project Manager
LinkedIn