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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.
Bankable Fintechstreamlines how financial institutions, vendors, and fintechs find, partner, and buy from each other. Navigate through the noise of 120,000+ solutions and 1,500 financial institutions with unbiased, prescriptive AI.
Features
Prescriptive AI-enabled matching of banks, CUs, vendors, consultants, and fintechs
Comprehensive, personalized, and unbiased
Compliant, efficient, effective, and profitable
Why it’s great
Prescriptive AI enables smart sourcing and procurement, benefitting any sized financial institution, fintech, vendor, or consultant by removing bias and inefficiency and optimizing compatibility.
Presenter
Kim Fraser, CEO & Founder Fraser founded and built Bankable Fintech. Previously, she led BD, Sales and Product teams at F100 financial institutions, global technology and data management firms, and startup fintechs, in all geos.
A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.
Ionatedeploys a cloud-modernization journey from any legacy to cloud-native microservices in under 18 months with SOTERIA (Discovery & Assessment) and APPDATE (Complete App Modernization).
Features
Discovery assessment tool showing business rules and logic
AI/ML to modernize and migrate legacy systems to high-performing cloud-native infrastructures
Ability to work with any legacy application
Why it’s great
Using both SOTERIA and APPDATE, Ionate ensures and employs the most efficient and productive end-to-end journey from discovery & assessment to complete app modernization execution.
Presenters
Ajanta Adhikari, CEO & Founder As a leader and visionary at Akamai for over ten years and IBM, Adhikari took his technical innovation to start Ionate, Inc. in 2016. He saw a market need that he could solve successfully. LinkedIn
Amol Dharmadhikari, CTO With over 15 years experience at Oracle, Dharmadhikari has been with Ionate, Inc. since the beginning. As the CTO, he paved the way to disrupting digital transformation for enterprises with AI/ML. LinkedIn
Hot on the heels of FinovateEurope next week is our West Coast flagship event, FinovateSpring, this May. Dozens of companies will demo, and we’re excited to unveil 50% of the lineup today.
With Finovate’s lucky number seven in mind, here are more details about these early selections:
60% taking the Finovate stage for the first time
50% featuring female founders, CEOs, or C-level executives
60% introducing new technology to the market
96% founded in the last 10 years
60% founded in the last 5 years
70% headquartered in diverse locations
100% innovating to advance the audience’s business goals
New companies are announced weekly — stay tuned to the website for the latest additions. And if you’re interested in demoing, joining the Startup Booster program, or sponsoring, get in touch at spring@finovate.com.
In 2022, Finovate brought live demos back to London with dozens of innovative companies showcasing their latest technologies. Building on that momentum for FinovateEurope 2023, we’re excited to announce the first wave of demoers.
This first group covers the map on fintech themes. Learn how these companies can grow your business, and see a sneak peek of topics below.
This wave is just the beginning. The event will feature 35+ fintechs forging the future of fintech. Join us on March 14 and 15 to see them all first-hand. And check the website as the demo roster continues to expand with seed-stage startups, fast-growing scale-ups and established public companies.
Demo your latest fintech, finserv, or techfin innovation in front of 1000+ senior decision-makers. Apply by Friday, November 4 and save big on the demo fee.
For FinovateEurope 2023 (March 14-15, London), we’re selecting ~60 startup, established and public companies to demo over the first day of the event, March 14. And while time on the main stage is at the crux of the demo package, the rest of the demo experience has been carefully curated to give selected companies the best ROI:
Influential audience – demo in front of hundreds of high-quality attendees, including FI executives, fintech and tech giants, venture capitalists, industry press and analysts, and entrepreneurs.
7-minutes demos – get the audience’s undivided attention and show them exactly what you can do. All demos are on the main stage, and there are no other sessions competing for attention.
Frequent and strategic networking breaks – capitalize on the energy and momentum generated during your demo to connect with attendees and set up meetings through our proprietary networking app.
Plug and play stands – generate leads at your dedicated stand (table, monitor, power, and signage included).
Demo videos – use your professionally edited video as a unique sales and marketing tool. Plus year over year, demoing companies have told us they receive business from companies seeing their video on Finovate.com.
Fandom – stay in the news. We follow you for the rest of time and share your product launches, capital raised, awards earned, acquisitions and expansions made to our hundreds of thousands of followers.
Once you’ve familiarized yourself with the online demo benefits and pricing, submit the (completely confidential) application. As always, applying is completely free. And companies applying by this Friday, November 4 will save $2,000-6,000 on regular pricing when selected to demo.
On 15 March, early-stage startups have two hours to network with a room full of investors from across the UK and Europe. And before that, attendees will hear from successful founders, investment insights, tips on how to land your first bank customer, and more.
On top of this, startups have access to all event content, networking, and meetings for just £600. Learn more.
Every summer there’s that one song playing across radio stations, at the beach, from your kids’ earphones, and in the club. This year, it’s likely “Jiggle Jiggle” by Duke & Jones and Louis Theroux.
As we announce the first wave of demoers at FinovateFall, the chorus comes to mind: “My money don’t jiggle jiggle, it folds.” This September, see 60+ innovative solutions that will make sure your money continues to fold.
Curated to reflect fintech’s state of play, this year’s demo lineup hits all the high notes:
Embedded finance and payments
Expanded AI and machine learning
Financial inclusion and literacy
Employee benefits
ESG-focused initiatives
Consumer debt and financial literacy
Fintechs as data organizations
Blockchain, crypto, and Web3
All of these serve to improve bottom lines, bring in new customers, help retain existing customers, lower operating costs, and make sure your money doesn’t jiggle jiggle.
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.
Kognitos‘ business automation solution allows business people to build automations through English phrases, not learning and writing code.
Features
Natural Language Processing (NLP)
Most advanced business language engine
Human-in-the-loop exception handling
No bots! Bot-less infrastructure
Why it’s great
Business automation in plain English.
Presenters
Binny Gill, CEO An industry veteran, prior to founding Kognitos, Gill was the CTO at Nutanix where he drove growth from 20 employees to over 6000 employees, while reaching a market cap of $7 billion and $1.5 billion in revenue. LinkedIn
Jason Langone, VP of Growth An experienced sales and marketing leader, Langone believes in building a championship culture through effort, execution, and pace. He spent eight years at Nutanix building elite performing teams globally. LinkedIn
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.
Arena provides CFO services simplified for businesses in the United States under $20 million in annual revenue.
Features
Business financial health assessment
Optimized payment platform
Fractional CFO with modern analytics
Why it’s great
Fifty percent of businesses in the United States fail by their fifth year, and 82% of those businesses say it’s due to cash flow issues. Arena helps businesses thrive with a fractional CFO to proactively manage their finances.
Presenter
Heather Tuason, CEO Tuason is a career banker and fintech operator passionate about small businesses and creating the optimal financial toolkit for businesses. She believes in a “tech and touch” strategy that enable entrepreneurs to thrive. LinkedIn
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.
Argyle provides streaming, user-permissioned, read-and-write access to employment records. Link 4.0 provides an updated look and feel for a more integrated and delightful end user experience.
Features
Customizable experience
Modern, simple, breathable search screen layout
Simplified multi-factor authentication
Clear error messaging
Why it’s great
The redesign provides a more transparent and trustworthy experience for end users to successfully connect their accounts, decrease drop-off rates, and evolve visual style.
Presenter
Billy Marsden, COO & Co-Founder Marsden is a Co-Founder and COO of Argyle. Prior, he was an Investor Associate with F-Prime Capital, VP of Business Operations with STRATIM, and Senior Associate Consultant with Bain & Company. LinkedIn
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.
Global PayEx’s AI-powered, cloud platform targets working capital optimization in B2B accounts receivable (AR) and accounts payable (AP).
Features
95% straight-through reconciliation
20%+ reduction in DSO
1-4% enhancement in revenue
Why it’s great
It’s an AI-based reconciliation solution that’s customizable to every company’s accounts processes through core, ML-based modules.
Presenters
Naru Ramamoorthy, CRO Ramamoorthy specializes in growing P&Ls, leveraging technology, process, operations, and market needs. He’s held leadership roles in industries including payments, banking and financial services, and retail. LinkedIn
Anu Agrawal, Executive VP & Head, North America Agrawal has worked with tech start-ups and global giants and specializes in setting up new regions and taking them to scale. He has over two decades of leadership experience in banking and payment and tech. LinkedIn
New to FinovateSpring this year, we’re connecting startups raising early-stage capital with investors who can make it happen. And there’s still room at the table. If you’re a startup raising pre-seed/seed/series A funding, apply now. Interested investors should reach out to Heather Stowell.
To shed a little more light on our Advanced Startup Booster program on May 18, Greg Palmer, VP of Strategy and host of The Finovate Podcast, sat down with one of the investors, Garnet Heraman, who will be meeting these startups.
As Founder and Managing Partner at Aperture Venture Capital, Heraman not only has VC insight into startup funding in the fintech industry, but he also has years of entrepreneur experience, notably as the CEO of three tech companies acquired within years of each other.
“In a general sense, this is such a people business and such a leadership and management business, especially at the early stages of a VC-backed company,” Heraman said. “At the early stages of a startup, I think it’s all about personalities, personal discernment and rapport, leadership, and substance. Saying what you mean and meaning what you say. Tried and true maxims about what it takes to be a good, bankable person.”
Heraman added, “In our fintech world specifically, what Aperture looks for essentially is what we call ‘fintech adjacent’ or ‘fintech plus.’ We’re looking for those undiscovered intersections between traditional fintech and some compelling lucrative enterprise segment. A company that takes a problem-solving perspective and lives at that intersection.”
Below are some further insights from Heraman from his recent conversation with Finovate VP Greg Palmer.
On building networks and ecosystems
(The) Startup Booster Program looks like an awesome way to get the right companies in front of the right people at the right time. I (think) about where I was when I was a first- and second-time entrepreneur. (We) could have done a much better job of essentially getting out and about into the conferences and building networks and building ecosystems.
On delivering value to pre-seed fintech startups
We feel like there is an immense opportunity to deliver value to these pre-seed companies if you can make that alignment happen proactively. Beyond any kind of capital, things like product and technology support, sales and distribution support, logistics and supply chain guidance and resources (are critical). To the extent that those things can be more readily available to more pre-seed companies, what you’re going to see is . . . the overall ecosystem for pre-seed companies develop better and rise to the top.
On the importance of a healthy startup ecosystem
Without young startups being in channels that have them coming into contact with seed and later-stage VCs and/or corporations, a couple of things happen. They don’t get the funding they need and the smart money they need, like access to mission critical operational resources, at a critical time when they are still developing. Without the opportunity to refine, if not pivot, make mistakes and fix them, the overall market is going to be bereft of companies that could otherwise do well for themselves.
On the importance of diversity
If only a tiny portion of all of these billions of dollars in VC capital is going to people of color, you have to ask yourself what is the opportunity cost to the gross national product of this country? By not having more money go into the hands of innovators and entrepreneurs who are people of color and, maybe more importantly, female, what is the opportunity cost?
Advanced Startup Booster meetings take place on May 18 between 5pm to 6pm. For more information on how to get involved, visit our Startup Booster program hub today!
A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.
Lendisoft transforms the end-to-end loan management process with a SaaS suite integrating risk management and compliance IQ. Machine learning and AI automation result in workflow and performance differentiation.
Features
Workflow and process design with integrated risk management and compliance
Machine learning and AI automation
SaaS scalability, scoring models and easy UI
Why it’s great
Lendisoft transforms the loan portfolio management business with integrated risk management, compliance, machine learning, AI automation, and a process driven design resulting in ~30% lift in monthly performance.
Presenters
Rick Haskell, COO & Founder Haskell has over 30 years in lending excellence and leadership driving operational performance with repeatable and scalable processes. His workflow design and risk management strategies are key advantages. LinkedIn
Bill Gerber, CRO and Founder’s Circle Gerber has been on the bleeding edge of consumer engagement technology his entire career. He has driven, contributed and experienced 11 acquisitions. He is an agent of change and performance. LinkedIn