Author: Julie Muhn (@julieschicktanz)

Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Fundings, Kabbage

KabbageHomepage

Alternative-financing provider Kabbage pulled in $135 million in new funding today. We speculated about this round in July, when rumors first circulated.

It is the company’s largest round of equity financing, and brings the company’s total raised to just over $600 million. Perhaps more notably, some sources report that Kabbage is now valued at $1 billion (this has not been confirmed by Kabbage), making it a fintech unicorn.

Reverence Capital Partners led the round, and several global banks also participated, including ING Group, Santander InnoVentures, and Scotiabank.

With this list of globally diverse bank investors, Kabbage plans to use the funds to fuel international expansion. It also aims to grow Karrot, its consumer-lending platform, from 10% of its business to 30% by next year. Watch the video of Kabbage’s debut of Karrot at FinovateFall 2014:

Kabbage also announced it has expanded its credit facility to $900 million. According to the company, the list of investors includes a mix of banks and financial groups, but does not include any of the contributors to the equity round.

CEO Rob Frohwein states that the company is on track to generate $100 million in revenues this year.

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FinovateEurope: Save £300 through Friday

FinovateEurope: Save £300 through Friday
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016

FEU16CrowdIMG

Finovate alum WorldPay’s IPO on the London Stock Exchange this week serves as not only a great reminder of global fintech on the rise, but also that FinovateEurope 2016 is rapidly approaching. With the event less than 90 days away, 9-10 February, it’s time to lock-in our best ticket price and save £300. Register before Friday, 16 October.

FinovateEurope 2016 will return to Old Billingsgate Market Hall in London to showcase the newest ideas in fintech. This is our most globally diverse show: Combined with Finovate’s signature demo-only format, you are sure to experience some amazing new fintech.

More than 1,200 attended last year, and we expect even more in 2016. Want to see what you missed? Check out our Video Archives page to replay the live demos from all 72 presenting companies.

FE2016Logo

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FinDEVr APIntelligence

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Currency Cloud, Expensify, Fidor Bank, FinDEVr APIntelligence, MX, PocketSmith, WorldPay, Xero

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York, 29/30 March 2016. Stay tuned for details.

Developer news

The latest from FinDEVr San Francisco 2015 presenters

  • Fidor Bank wins in two categories at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in its piece, The Next Security Frontier: The Human Body.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API, Payment Engine Two.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • Self Lender names MX one of three startups “absolutely crushing it” in fintech.
  • “Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform”

Alumni updates

  • PocketSmith launches in Xero Add-On Marketplace.
  • Expensify launches new integration features for Xero.
  • Nymi recruits CEO John Haggard; Karl Martin will now serve as CTO.

Stay up to date on daily developments by following FinDEVr on Twitter.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Blackhawk Network, Fidor Bank, Hoyos Labs, Idea Bank, IDology, Insuritas, Lending Club, Markit, mBank, Meniga, Moven, Nymi, Payfone, Ping Identity, PocketSmith, Stockpile, Xero

On Finovate.com

  • “American Banker’s “20 Fintech Companies to Watch” Features Eleven Finovate Alums”
  • “Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform”
  • “Hoyos Labs Unveils 4F Smartphone Authentication Technology”

Around the web

  • IDology makes an equity investment Payfone.
  • Insuritas to install insurance agency solution for MAC FCU’s 14,000+ members.
  • PocketSmith launches in Xero Add-On Marketplace.
  • Fidor Bank wins in two categories, Lending Club and Idea Bank both come in first, at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in article “The Next Security Frontier: The Human Body”
  • mBank launches biometrics in its mobile application dedicated to corporate customers.
  • PYMNTS profiles Moven in the wake of its recent $12 million fundraising.
  • Markit unveils cloud-based, Know Your Third Party (KY3P) service to make it easier to manage third-party risk-processes.
  • Blackhawk Network and Stockpile partner to make eGift cards for stock available at select retailers in the U.S.
  • Meniga receives a World Summit Award for best technological solution in e-business and commerce.
  • TechCrunch: “Ping Identity Opens Up About Its Financials As It Eyes 2017 IPO”

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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Emailage & Feedzai Partner to Combine Machine Learning with Email Risk Assessment

Emailage & Feedzai Partner to Combine Machine Learning with Email Risk Assessment
By Julie Muhn (@julieschicktanz) Posted on
Categories: Emailage, Feedzai

EmailageHomepageFeedzaiHomepage2

 

 

 

 

 

 

 

Fraud-prevention companies Emailage and Feedzai have teamed up to create an even stronger edifice against would-be hackers.

In the agreement, both companies will leverage the other’s unique security layer to combine email risk-assessment with fraud scoring.

Emailage, which debuted at FinovateSpring 2015, offers a tool that assesses the risk associated with an email address. We covered the product, used for underwriting risk on everything from ecommerce transactions to P2P payments in our Finovate Debuts series in August.

Feedzai’s fraud-prevention solution analyzes data furnished by session clickstream, access frequency, malware signatures, social biometrics, and now email addresses. Its machine-learning software analyzes the data-sets to determine risk level. Feedzai made its European debut at FinovateEurope 2014.

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A View From Backstage at FinDEVr San Francisco 2015

A View From Backstage at FinDEVr San Francisco 2015
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr 2015, FinDEVr 2015 San Francisco

BackstageIMG

If you were at FinDEVr San Francisco last week, you experienced first-hand the high energy from 63 presenters and 500 attendees.

As MC, I watched the presentations from backstage and saw a different side of FinDEVr, one of nervous presenters and whispered, last-minute conversations.

You didn’t need to be backstage, however, to notice the trends that emerged at the event:

  • Building better financial services with APIs
  • Removing friction in payments
  • Leveraging data
  • Improving risk management

The 580 attendees—a crowd 40% larger than last year—had much to say about the showcase of APIs flashed around both auditoriums. Participation was high at the presenter networking stations, and many attendees published their thoughts online or through Twitter.

FinDEVr San Francisco in the press

Cripto Noticias
FinDEVr 2015, construyendo el futuro de la tecnología financiera (in Spanish)

GeekWire
Praesidio raises another $3.1M to help banks, credit unions with cybersecurity solution

Let’s Talk Payments
FinDEVr 2015 San Francisco Day 1

How Banks Are Joining Hands With FinTech Firms to Serve Customers

Interview With Konstantin Rabin, CMO of Kontomatik, Leading Provider of Banking API

Let’s Talk Payments at FinDEVr 2015: Day One Highlights

Let’s Talk Payments at FinDEVr 2015: Day Two Highlights

Money’s Edge
Coinalytics Unveils Blockchain Intelligence Tools at FinDEVr

Personal Capital Discusses Their Premier New (and Free!) Retirement Planning Tool

Nikvesti.com
ПриватБанк покажет мировым банкам в Сан-Франциско свою разработку Corezoid

PYMNTS
Hyperwallet’s new Freelance Payment API

 

FinDEVr San Francisco in the Twitterverse:

FlorianTweet

LokeuTweet

aboTweet

mxtweet

DavidTweet2A big thanks to everyone who blogged, tweeted, and attended to make this event a success.

We’ll see you at FinDEVr New York, 29/30 March 2016.

FinDEVr-NY-2016-Horz-V2

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, BizEquity, Doxo, Forte Payment Systems, Insuritas, Internet Biometric Security System, Internet Biometric Security Systems, Lending Club, Linkable Networks

On Finovate.com

  • “IBSSMail from IBSS Brings Multifactor, Biometric Authentication to Email”

Around the web

  • Hudson River Financial FCU ($51 million assets) hires Insuritas to launch insurance agency.
  • BizEquity partners with Entrepreneur to create a new valuation and performance center for its business community.
  • Intech Worldwide and Forte Payment Systems form partnership.
  • Linkable Networks launches a fully digital shopper-attribution solution to bridge digital and in-store.
  • Dutch Prime Minister Mark Rutte opens new Backbase U.S. headquarters in Atlanta, Georgia.
  • Lending Club CEO Renaud Laplanche named to Bloomberg Markets 50 Most Influential list.
  • doxo wins 2015 Washington Excellence Award for Consumer Payments and Customer Service.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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FinDEVr Live: Advisor Software’s Wealth Management Cloud Platform Offers 100+ APIs

FinDEVr Live: Advisor Software’s Wealth Management Cloud Platform Offers 100+ APIs
By Julie Muhn (@julieschicktanz) Posted on
Categories: Advisor Software, FinDEVr 2015, FinDEVr 2015 San Francisco

AdvisorSoftwareHomepage

advisorsoftware.com | advisorsoftware.com/blog | @AdvisorSoftware

AdvisorSoftwareLogoAdvisor Software is the leading cloud platform for the investment advice industry. Our Wealth Management CloudTM platform offers an end-to-end suite of APIs and apps supporting every aspect of the wealth-management process, from client acquisition and financial planning to investment planning and portfolio construction, and extending to digital advice and portfolio rebalancing.

Advisor Software Wealth Management Cloud
Advisor Software is providing an overview of its Wealth Management Cloud platform, including the 100+ APIs that comprise its comprehensive solution for the fintech developer community. The company is demonstrating how its application components enable rapid prototyping and development of new wealth-management apps. Key topics will include the platform and its components, cloud deployment, APIs, and a demo of the key platform features.

Key takeaways:

  • Advisor Software’s journey into the world of APIs and cloud
  • How to build a new Robo Advisor quickly using plug-and-play application components
  • Other wealth-management application-development activity using our APIs and upcoming
    releases

advisorSoftware_findevr

Presenters:

Archana Rao, VP Engineering
LinkedIn | arao@advisorsoftware.com
Archana Rao drives the engineering strategy and technical innovation at Advisor Software. With 15+ years of engineering experience, Archana has led development of various new products and platforms and cultivated global technical talent. Prior to Advisor Software, Archana was with Robert Bosch Healthcare, architecting and building their telemedicine platform. She holds bachelor’s and master’s degrees in computer science.

Kevin Kraus, VP Product
LinkedIn | kkraus@advisorsoftware.com
Kevin Kraus leads product development for Advisor Software. Prior to Advisor Software, Kevin spent 20+ years at Charles Schwab, including 15 years in various tech-product-management positions. He holds a bachelor’s degree from Providence College and an MBA from Dominican University.

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FinDEVr Live: Worldpay Demonstrates its Securenet API

FinDEVr Live: Worldpay Demonstrates its Securenet API
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr 2015, FinDEVr 2015 San Francisco, WorldPay

WorldPayHomepage

worldpay.us

WorldPaylogoWorldpay US provides leading payments processing services across multiple verticals including grocery, petroleum, retail, restaurant, ecommerce and small business. Utilizing traditional point-of-sale technologies to mobile devices, customers can accept payments anytime, anywhere. From transaction-capturing and -processing to merchant-acquiring, Worldpay provides insightful expertise, seamless delivery and valued relationships. We’re defining the way we work at Worldpay. Through innovation and investment, the Worldpay brand supports our desire to strengthen our focus on our customers and provide the most secure and reliable processing platform in the industry. Visit us at Worldpay.com.

“Add secure payments to any website, app or mobile device with the single Worldpay Securenet API”

Key takeaways:

  • Enhanced payments-data allows developers to create awesome user experiences
  • Various layers of the payments ecosystem
  • Electronic payments REST interface

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Presenters:
Chester Ritchie, SVP, Head of Strategy
LinkedIn

Ritchie created an award-winning Retail STAR point-of-sale software and the top-selling payment-processing software called X-Charge. During his tenure with an ISO, he built the company into a powerhouse through sales initiatives that resulted in a share-price appreciation of 1,850%.

Abe Gandara, Senior Sales Engineer (not pictured)
LinkedIn | abe.gandara@securenet.com
Gandara has 8+ years of experience across several different verticals and industries. He is versatile as a product and solution expert. Gandara is primarily focused on assisting partners and merchants with providing strategic solutions based on current needs, as well as offering a vision for their future.

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FinDEVr Live: Authy Shows Two-factor Authentication in 20 Minutes

FinDEVr Live: Authy Shows Two-factor Authentication in 20 Minutes
By Julie Muhn (@julieschicktanz) Posted on
Categories: Authy, FinDEVr 2015, FinDEVr 2015 San Francisco

AuthyHomepage

authy.com | @Authy

AuthyFor security-aware companies, Authy Two-Factor Authentication (2FA) provides a proven fast-to-implement, highly scalable, and reliable alternative to passwords. Offering an intuitive user experience and a powerful API for developers, Twilio’s Authy 2FA is used by more than 10,000 websites and apps serving millions of new economy and fintech consumers the way they like their apps: single touch with self service. Our cloud-access solutions are beloved by our users and promise to bring 2FA to all apps and users.

Authy 2FA in 20 minutes
In this session, we’ll share some of the pitfalls of 2FA projects and how Authy and Twilio tackle these issues. We’ll show you with live coding that no special security know-how is required to add SMS/Voice, SoftToken and Push-style 2FA to your project with as few as three lines of code using either REST, or a library for your favorite language. The Authy REST API takes care of the tedious details like key management, secure data structuring, intelligent SMS routing, client components, push notifications, and user self-service for phone number or device changes.

Key takeaways:

  • Possible key reasons to switch to non-password Authy instead of building in-house
  • 2-factor authentication options offered by Authy can be done using their code or our language
  • How quickly Authy can be added to our apps and users

authy_findevr

Presenter:

Dan Killmer, Lead Solutions Architect
dkillmer@twilio.com | 917-426-4857
Dan Killmer is a technical presales professional with 25 years of experience building customer confidence by demonstrating, architecting and proving technology solutions, encompassing a large spectrum of technologies.

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FinDEVr Live: Using BankGuard’s SuperMatrix Security System Attacks

FinDEVr Live: Using BankGuard’s SuperMatrix Security System Attacks
By Julie Muhn (@julieschicktanz) Posted on
Categories: BankGuard, FinDEVr 2015 San Francisco

bkguard.com/en | facebook.com/fujii.haruhiko

BankguardLogoBankGuard presented its SuperMatrix Security System.

BankGuardHomepage

SuperMatrix developed the SuperMatrix Security System that is easily printable on the back of cash cards or specific cards as our first launching product. Critically effective as a next-generation security system for an illegal access, transaction-authentication, man-in-the-middle attack. Extremely low cost of one fifth compared to a conventional security system like One – Time – Password.

Key takeaways:

  • 2FA (2 Factor Authentication)
  • Man-in-the-middle security
  • Phishing attacks foiled

IMG_1089

Presenter:

Haruhiko Fujii, CEO
fujii@bkguard.com | +81 90 1439 6745

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FinDEVr Live: Currency Cloud Takes a Look into the Creation of its API

FinDEVr Live: Currency Cloud Takes a Look into the Creation of its API
By Julie Muhn (@julieschicktanz) Posted on
Categories: Currency Cloud, FinDEVr 2015, FinDEVr 2015 San Francisco

CurrencyCloudHomepage
currencycloud.com | currencycloud.com/blog | @currency_cloud

Currency cloud_logo_RGB_leftDevelop and automate your product with the Currency Cloud Payment Engine. Benefit from real-time wholesale rates and a fast, secure payment network that can be tailored to your business using our next generation API.

Currency Cloud API Rebuild by the Currency Cloud tech team is giving the audience an insider’s perspective on how they rebuilt the company’s market-leading API. They will cover the trade-offs between conventions, customer feedback and usability that take the creation of an API from textbook to real life. They are also talking through the innovative processes that they employed to ensure that the new API was exceptionally easy-to-use from the outset.

Key takeaways:

  • Trade-offs between reality and theory when building an API
  • Real world ‘drinking your own champagne’
  • Exposing your APIs in an open-source environment

currencyCloud_findevr

Presenters:

Rachel Nienaber, VP Engineering
LinkedIn | rachel.nienaber@currencycloud.com | +44 20 3597 4884
Nienaber is responsible for the ongoing development of Currency Cloud technology and support for client needs. Fluent in Ruby and Java, her knowledge of ever-evolving standards, passion for technology, and experience in scaling products makes her a critical asset for Currency Cloud in today’s global economy.

Liam McAndrew, Development Manager
LinkedIn | @liam_mcandrew | liam.mcandrew@currencycloud.com | +44 77 1912 9392
McAndrew is development manager at Currency Cloud. Having been with the company since its inception, he has played a key role in building the technology that is currently transacting over $10 billion a year. He is fascinated by the emergence of cryptocurrencies and blockchain technology.

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