Author: Julie Muhn (@julieschicktanz)

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dashlane, MX, OurCrowd, TransUnion

On Finovate.com

Around the web

  • TransUnion completes sale of U.K.-based Noddle to Credit Karma following FCA approval.
  • MX announces MoneyMap with Pulse, a self-guided financial wellness tool to empower banks’ customers.
  • Forbes: Most Active Israeli Venture Investor OurCrowd Leads Global Restructuring of Startup Funding.

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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PayStand Unveils Automated Receivables Product

PayStand Unveils Automated Receivables Product
By Julie Muhn (@julieschicktanz) Posted on
Categories: PayStand

Business payments platform PayStand shipped its newest product this week, PayStand Automated Receivables. The new tool leverages the blockchain to automate invoice collection.

Jeremy Almond, CEO and co-founder of PayStand said the new solution is “by far the number one thing our customers have asked for over the past 12 months.” He added, “In keeping with our core principle of removing friction from commercial payments, PayStand Automated Receivables creates a seamless, intuitive, automated collections and payment experience for corporate finance and for customers.”

The new tool allows businesses to build digital payments options into their existing customer payments infrastructure. By leveraging AI, machine learning, and predictive analytics, PayStand replaces manual receivables collection processes that require employees to hunt down customer payments via phone or email.

In addition to a smoother payments collection process, PayStand also offers a better user experience. The company referred to the new interface as a “Venmo-like B2B payment and collections process,” highlighting the personalization and efficiency of the new tool.

Founded in 2013, PayStand showcased at our developers conference, FinDEVr Silicon Valley 2014. Last June, the company expanded operations to Canada and, in August, integrated with fellow Finovate alum and cloud accounting firm Xero.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check Point, Coinbase, Extend, Featurespace, Lendio, PayStand, Sberbank

On Finovate.com

  • Virtual Card Platform Extend Raises $11 Million. See the company demo its technology live at FinovateSpring in San Francisco in May.
  • PayStand Unveils Automated Receivables Product.

Around the web

  • Lendio franchise opens in Phoenix.
  • Check Point partners with Google’s Cloud Identity to improve zero trust cloud access.
  • Coinbase introduces crypto Visa debit card for U.K. customers via partnership with Apto Payments.
  • Sberbank acquires majority stake in biometrics company Speech Technology Center.
  • Aite Group recognizes Featurespace as “Best in Class” in its latest report on fraud and advanced machine learning platform vendors.

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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Signicat Acquired by Nordic Capital

Signicat Acquired by Nordic Capital
By Julie Muhn (@julieschicktanz) Posted on
Categories: Mergers & Acquisitions, Signicat

Identity assurance provider Signicat has been acquired by private equity investor Nordic Capital, which hopes to accelerate the company’s international expansion. Financial terms of the agreement were not disclosed.

Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds, said Signicat “has shown consistent high growth since inception, driven both by a rapidly increasing number of customers and strong volume growth among existing customers.” He added that the company’s “highly experienced management team is well positioned to capitalize on enormous growth opportunities across geographies, customer verticals and products, as the digital transformation of the economy continues.”

Nordic Capital acquired Signicat from Secure Identity Holding, Viking Venture III, and other shareholders. Viking will re-invest proceeds from the deal, making it a minority owner.

Signicat’s digital identity solutions make customer onboarding faster, more secure, and compliant with privacy and data protection regulations by replacing paper-based processes. At FinovateEurope 2017, the company showcased Signicat Assure, a digital identity verification product; and Signicat Sign, an e-signature offering.

Gunnar Nordseth, CEO and Co-Founder of Signicat, referred to Nordic Capital as “the most prominent and experienced investors” in fintech and said that the company is the “perfect partner” to support Signicat’s international expansion strategy.

Founded in 2007, Signicat’s 115 employees across offices in Norway, Sweden, Finland, Denmark, the U.K., Germany, the Netherlands, and Portugal serve 500 clients including Klarna, Rabobank, Santander, Société Générale and Western Union, BMW, and Konica Minolta. Prior to today’s announcement, Signicat had raised almost $9 million.

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Fintonic’s $21.4 Million Funding Boosts Valuation to $180 Million

Fintonic’s $21.4 Million Funding Boosts Valuation to $180 Million
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fintonic, Funding

Personal finance app Fintonic earned $21.4 million (€19 million) in a Series C funding round this week. The new investment values the Spain-based company at $180 million (€160 million).

The deal, which brings Fintonic’s total funding to $51 million (€45.2 million), was led by ING Ventures, which holds a 22% stake in the company. The round also saw participation from additional shareholders including the PSN group.

The funding comes at a time of major growth for Fintonic, which has increased its active users by 74% in the last 14 months, bringing its total number of active users to 700,000. In the past year, the company has seen a 45% quarter-over-quarter increase in revenue and expects to break even in the next six months. Since it was founded in 2012, Fintonic has expanded to Mexico and Chile; an expansion that boosted its app downloads to 2.8 million.

Part of this growth is owed to the success of Fintonic’s lending offering, which allows customers to take out loans of up to $45,000 (€40,000). The company expects to lend over $1.1 billion (€1 billion) in less than three years. Helping to make this possible, Fintonic has extended its own financing for the lending platform, issuing a $79 million (€70 million) bond listed on the MARF (Alternative Fixed-Income Market) and approved by the Spanish CNMV (National Securities Market Commission).

In addition to its lending product, Fintonic offers insurance, having obtained an insurance broker license from the General Directorate of Insurance. The company said the offering is part of its goal to help users save money without having to compromise on service.

At FinovateSpring 2016, the company debuted its alerts and inbox system to help users act in a timely manner on their financial needs and recommendations. Last year, Fintonic teamed up with BBVA to boost its in-app lending capabilities, allowing users to borrow up to $39,400. Most recently, the company bolstered its lending offering via a partnership with Unicaja Banco to offer the bank’s consumer loans through its mobile app.

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