Author: Julie Muhn (@julieschicktanz)

Kantox Closes $5.7 Million to Bring More Tech to FX

Kantox Closes $5.7 Million to Bring More Tech to FX
By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Kantox

Currency and foreign exchange solutions company Kantox boosted its total funding to just over $35 million today after closing a $5.7 million (€5 million) debt financing round.

The investment is the second debt financing deal Kantox has received from Silicon Valley Bank following a round of an undisclosed amount in December of 2017.

Kantox CEO and co-founder Philippe Gelis said that the company has a “very strong” relationship with the bank. He added, “This investment will contribute to our ongoing growth trajectory as we continue to bring more technology to the FX market.”

Founded in 2011, Kantox offers a low-cost way for businesses dealing with a variety of foreign currencies. The tool allows treasury managers to collect, hold, and pay in 29 different currencies.


Kantox also offers a host of other FX tools, including a product to help businesses price their goods dynamically, based on market changes; a service that provides companies with mid-market rates for spots and forwards in over 130 currencies and hundreds of currency pairs; and a suite of FX risk management tools. Dynamic Hedging, one of the risk management tools Kantox launched in 2016, helps companies monitor currency risk in real time.

Gelis demoed Kantox Peer FX at FinovateEurope 2013 in London. The company’s 3,500+ clients have leveraged Kantox’s foreign exchange management solutions to trade $9.7 billion in 143 countries.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Entersekt, Kantox, Kony, Payfone, Payoneer, Revolut, Ripple, Signifyd, TransUnion

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

  • 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.

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eToro’s eToroX Unveils Cryptocurrency Exchange

eToro’s eToroX Unveils Cryptocurrency Exchange
By Julie Muhn (@julieschicktanz) Posted on
Categories: eToro

Social trading and investment platform eToro unveiled the launch of eToroX at Paris Blockchain Week today. The new platform is a digital asset exchange regulated by the Gibraltar Financial Services Commission.

Doron Rosenblum, Managing Director of eToroX, said, “We are proud to be one of the first companies in the world to obtain a license for cryptoassets, and one of only a handful of regulated exchanges in the crypto space.”

The exchange supports six cryptocurrencies: Bitcoin, ether, ripple, dash, bitcoin cash, and litecoin. eToroX will also support eight fiat stablecoins, including:

  • eToro New Zealand Dollar (NZDX)
  • eToro Japanese Yen (JPYX)
  • eToro Swiss Franc (CHFX)
  • eToro United States Dollar (USDEX)
  • eToro Euro (EURX)
  • eToro Pound Sterling (GBPX)
  • eToro Australian Dollar (AUDX)
  • eToro Canadian Dollar (CADX)

“In the coming weeks and months we will add more cryptoassets, stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins,” Rosenblum added.

eToro, which has 15 cryptocurrencies on its platform, launched eToroX in 2018 to support tokenized asset trading. eToroX’s cryptocurrency wallet and, soon, exchange, help drive the company’s aim to allow everyone to trade, invest, and save.

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence,” said Yoni Assia, co-founder and CEO of eToro. “This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

eToro most recently showcased CopyFunds for Partners at FinovateEurope 2017. Originally known for being a social trading platform, the company began pioneering bitcoin trading in 2013 via CFDs and in 2017 allowed clients to trade and invest in Ethereum, XRP, Litecoin, and other cryptocurrencies. eToro has raised $223 million since it was founded in 2007.

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CardFlight Expands to Offer Payment Terminal Hardware

CardFlight Expands to Offer Payment Terminal Hardware
By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight

Payment technology company CardFlight released its SwipeSimple payment terminal today, marking the company’s expansion into the hardware space.

The new terminal integrates into CardFlight’s existing software to offer the company’s 50,000 small business clients an option for a touch screen, EMV-capable payment acceptance tool. In addition to an in-device receipt printer and wired-and-wireless connectivity, the payment terminal also has built-in:

CardFlight’s SwipeSimple payment terminal
  • On-screen tip prompts
  • Customizable SMS and email receipt options
  • Searchable transaction history
  • Inventory management capabilities

“Today’s launch expands our tested, state-of-the-art payments software to a new medium, making it easier than ever for small business owners across America to build and grow their companies,” said Derek Webster, CardFlight founder and CEO. “Our mission at CardFlight is simple—we’re committed to making payment acceptance fast, dependable, and effortless for business owners in today’s fast-evolving digital world. Bringing our SwipeSimple product to smart terminals as the next step in that mission just made sense.”

The terminal is available in two models. The entry-level version, PAX A80, offers SwipeSimple capabilities in a traditional terminal device, while the PAX A920 has a high-resolution display and a long-lasting battery.

The terminal is currently in private beta and is slated for release later this quarter.

Founded in 2013, CardFlight serves 10 of the top 30 merchant acquirers in the U.S., reaching tens of thousands of merchants across all 50 states. The company debuted its technology at FinovateSpring 2013, showing off the first iteration of its API/SDK.

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FinovateSpring Sneak Peek: ALTR

FinovateSpring Sneak Peek: ALTR
By Julie Muhn (@julieschicktanz) Posted on
Categories: ALTR, FinovateSpring 2019, FinovateSpring 2019 Sneak Peek

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

ALTR’s transformational, blockchain-based data security platform permanently neutralizes the privacy and breach exposures created by humans inside of enterprise networks.

Features

  • Monitor -an immutable view of who is accessing data, when and how often
  • Govern – real-time control and breach intervention
  • Protect – delivers impenetrable protection of data at rest

Why it’s great
ALTR attaches cutting edge governance and security to existing structured data, wherever it is, unlocking the full potential for digital transformation in financial services.

Presenters

Doug Wick, VP Product & Marketing
With over 20 years of startup experience, Wick has broad experience managing product conception and development through to market success.
LinkedIn

James Beecham, Co-Founder & CTO
Beecham is a computer engineer and entrepreneur who co-founded ALTR and leads its technology and engineering teams. He holds multiple software patents, and is an alumnus of the University of Texas.
LinkedIn



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FinovateSpring 2019 Sneak Peek: Lleida.net

FinovateSpring 2019 Sneak Peek: Lleida.net
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2019, FinovateSpring 2019 Sneak Peek, Lleida.net

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

Lleida.net is a digital witness operator providing a contracting solution as the vehicle for sending unstructured information to signatories in a time-saving, legally valid way.

Features

• End-to-end framework for reliable online contracting
• No hardware or software infrastructure to be deployed
• Digitally signed documentary evidence provided; available in a “durable media”

Why it’s great
Registered Email Contract is the solution to time consuming, structured contracting processes.

Presenters

Sisco Sapena, CEO
Sapena studied as a technical agricultural engineer and holds a postgraduate in Telematics. He is one of Spain’s internet pioneers and takes Lleida.net around the world always focusing on innovation.
LinkedIn

Alba Sapena, CEO Assistant
Blogger since she was 14, passionate about books and photography, she’s one of the Lleida.net Social Media managers.
LinkedIn


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FinovateSpring Sneak Peek: Enova Decisions

FinovateSpring Sneak Peek: Enova Decisions
By Julie Muhn (@julieschicktanz) Posted on
Categories: Enova, FinovateSpring 2019, FinovateSpring 2019 Sneak Peek

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

Enova Decisions’ Enova Decisions Cloud is a complete decision management software-as-a-service that works with your existing infrastructure and is designed to scale with your business.

Features

  • Access the data you need, when you need it
  • Deploy machine learning models using any technique written in your language of choice
  • Auto retune and retrain your machine learning models

Why it’s great
By removing decisioning from the software development cycle and managing it on the Enova Decisions Cloud, businesses can adapt quickly to changes in the industry.

Presenters

Sean Naismith, Head of Analytics Services
Naismith has 18+ years of professional experience with unique insights into analytics, marketing, finance, and IT. He currently oversees strategy and development of decisioning solutions.
LinkedIn

Matt Richards, Senior Sales Executive
Richards has been in sales in the tech space since 2004, mostly in digital marketing. He currently is a Senior Sales Executive at Enova Decisions.
LinkedIn


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FinovateSpring Sneak Peek: OnPointe Risk Analyzer

FinovateSpring Sneak Peek: OnPointe Risk Analyzer
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2019, FinovateSpring 2019 Sneak Peek, OnPointe Risk Analyzer

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

OnPointe Risk Analyzer creates tools and services to help financial professionals maximize their effectiveness with lead generation, marketing, client risk assessments, portfolio analysis, and sales presentations.

Features

  • First market-calibrated risk analysis platform
  • Accurately measures both client and portfolio risk
  • Robust financial analysis and portfolio comparison tools

Why it’s great
OnPointe Risk Analyzer is the first market-calibrated financial risk analysis platform.

Presenter

Rob Harbin,Co-Founder / CTO
Harbin is a veteran technology executive and innovator primarily focused on and serving the financial services industry over the past 10 years.
LinkedIn

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FinovateSpring Sneak Peek: Capsilon

FinovateSpring Sneak Peek: Capsilon
By Julie Muhn (@julieschicktanz) Posted on
Categories: Capsilon, FinovateSpring 2019, FinovateSpring 2019 Sneak Peek

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

Capsilon will demo Capsilon Digital Underwriter, the automated underwriting solution that helps mortgage lenders cut underwriting time and improve critical decision-making with clean data.

Features

  • Automatically calculates income, analyzes credit, and performs due-diligence checks
  • Standardizes the underwriting process, enabling consistent, unbiased decisions
  • Speeds up underwriting and improves the borrower experience


Why it’s great
Capsilon Digital Underwriter helps mortgage lenders and investors make rapid, informed loan eligibility decisions with perfected data.

Presenters

Steve Viarengo, Senior Vice President of Digital Mortgage Solutions
Since joining Capsilon in 2017, Viarengo has been instrumental in driving Capsilon’s evolution from an enterprise-wide document management platform to an end-to-end mortgage automation engine.
LinkedIn

Allen Boyce, Sr. Director Product Management, Digital Mortgage Solutions
Boyce spearheads a talented product and user experience team dedicated to making mortgage automation mainstream and eliminating unnecessary workload so underwriters can focus on underwriting.
LinkedIn

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FinovateSpring Sneak Peek: Finhaven

FinovateSpring Sneak Peek: Finhaven
By Julie Muhn (@julieschicktanz) Posted on
Categories: Finhaven, FinovateSpring 2019, FinovateSpring 2019 Sneak Peek

A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

Finhaven is an end-to-end solution for the issuance, investment and trading of digital securities. For the first time, Finhaven will reveal its peer-to-peer private trading feature.

Features

  • Complete ownership of their securities
  • Ability to recreate boardroom negotiations via direct investor communications
  • Reduction of counter-party risk

Why it’s great
Finhaven’s private trading platform returns ownership to the investor in a back-to-basics trading experience while increasing security and reducing counter-party risk.

Presenters

Anna Dabrowski, Analyst, Marketing
Dabrowski leads marketing initiatives at Finhaven. With a background in corporate finance, sales and marketing, she is passionate about the disruption of financial services through new technologies.
LinkedIn

Edwin Chan, Product and Business Strategist
Chan is a Product and Business Strategist at Finhaven. His background is in technology implementation and product management in the finance and retail industries.
LinkedIn

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ALTR, Avaloq, Capsilon, CardFlight, Enova, eToro, Finhaven, ieDigital, Kantox, Klarna, Lleida.net, NICE Systems, OnPointe Risk Analyzer, Trulioo

On Finovate.com

  • eToro’s eToroX Unveils Cryptocurrency Exchange.
  • CardFlight Expands to Offer Payment Terminal Hardware.

Around the web

  • Klarna launches Mindful Money, a financial management content hub for consumers.
  • Avaloq launches avaloq.one, a collaborative platform to help financial services companies work with fintechs.
  • NICE unveils IntelliAgent, a solution that provides employees with real-time compliance and authentication capabilities.
  • Kantox appoints Maria Chamorro as its new Chief Financial Officer.
  • Trulioo adds Malta to its Global Identity Verification coverage.
  • ieDigital shortlisted for Excellence in Open Banking and Best Rebrand awards at the Credit Awards 2019.

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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Dashlane Raises $30 Million

Dashlane Raises $30 Million
By Julie Muhn (@julieschicktanz) Posted on
Categories: Dashlane, Funding

Password management platform Dashlane is bringing home $30 million in debt financing today. The investment brings the company’s total funds raised to just over $100 million.

Hercules Capital joins previous investors FirstMark Capital, Rho Ventures, Bessemer Venture Partners, TransUnion, and Silicon Valley Bank. The funds will help Dashlane build out its platform beyond password management into the broader field of identity management.

Dashlane has been expanding its horizons as of late, having added features such as password breach alerts and monitoring, a VPN option for wifi protection, a Secure Notes feature that helps users encrypt personal data and attachments, and an option that connects users’ closest family members with their account information in case of emergency.

In addition to the funding announcement today, Dashlane unveiled it has added Seth Farbman, former Spotify and Gap CMO, to its board of directors.

Along with its B2C offering, Dashlane also offers solutions that help businesses seamlessly onboard staff with new accounts and has a partner program to allow brands to co-brand Dashlane’s identity manager as a service. Among the company’s partners are Visa, Intel, and yubico.

Since it was founded in 2009, Dashlane has amassed 10 million users from 180 countries across the globe. The company demoed its password manager and keyboard-less ecommerce transaction technology at FinovateEurope 2013.

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