Revolut Launches to Public, Announces $2.3 Million in Funding

Revolut Launches to Public, Announces $2.3 Million in Funding

RevolutHomepage

Today, Revolut is publicly launching its money-remittance platform and multicurrency card that lets users spend and exchange money at interbank rates in real-time. The London-based company is also announcing $2.3 million of new funding from a Venture Round led by Balderton Capital, with participation from SeedCamp.

This brings the startup’s total funding to $2.8 million.

RevolutApp

Revolut’s multicurrency card and mobile-remittance platform eliminate the middlemen to enable users to exchange money in real time, and at a better rate than they would otherwise receive at a traditional bank. The service is aimed at travelers and remittance customers, who transfer money using the free app, SMS, Whatsapp, and social media channels.RevolutCard

The Revolut card is free, and can be used at any location MasterCard is accepted. When swiped, the card automatically converts into the local currency at the best interbank rate.

On top of all this, no ATM fees are associated with the Revolut card. And in case the card is lost or stolen, the mobile app has a remote card-blocking feature that lets users cancel the card.

While the app is available to users across the globe, the card distribution is limited to Europe (though users can make purchases globally).

What’s next? The Revolut card will soon enable customers to pay at a brick-and-mortar shops using bitcoin.

Revolut debuted its multicurrency card and remittance platform at FinovateEurope 2015 in London. Check out its live demo video.

Finovate Alumni News

On Finovate.com

  • “Dashlane Integrates Samsung Biometric Technology in Android App Upgrade”
  • “Revolut Launches to Public, Announces $2.3 Million in Funding”

Around the web

  • PYMNTS looks at OnDeck’s record-breaking quarter.
  • Red Herring names Kabbage a Top 100 Private Company.
  • Geezeo to power BankMobile’s PFM.
  • Alpha Payments Cloud using Snapcard to enable AlphaHub users to accept Bitcoin payments.
  • PrivatBank to offer remittance services courtesy of TransferWise.
  • StockViews earns a spot in the 2015 Startupbootcamp FinTech London cohort.
  • ING Bank Slaski launches ING Business for Apple Watch app powered by Comarch Mobile Banking.
  • Caltech Letter interviews Financeit CEO Michael Garrity.
  • The Indian Express profiles the biometric authentication technology of EyeVerify.
  • Aragon Research names eSignLive by Silanis Technology as a “Hot Vendor” in digital transaction management (DTM).
  • peerTransfer petitions Chinese government to open office in Shanghai.
  • The Independent looks at the IPO plans of Fenergo in light of the company’s recent funding.
  • Investment News highlights Vanguard, Wealthfront, and Betterment in a look at how much money is being managed by robo-advisors.
  • Spreedly surpasses $1 billion in annual payment volume. Come see Spreedly at FinDEVr, 6/7 October in San Francisco.
  • Expensify integrates with Workato to connect it with more than 50 business apps.
  • CheckPoint’s ZoneAlarm Launches Windows 10 Compatible Antivirus Software for Consumers.
  • The Mifos Initiative joins The Open Source Initiative, a global nonprofit that promotes and protects open source software, development and communities. Check out Mifos at FinDEVr 2015 in San Francisco, 6/7 October.
  • Stuart Frankel of Narrative Science earns a spot on Crain’s Chicago Business Tech 50.
  • USA Today column on personal finance for millennials features Kai Stinchcombe, CEO and co-founder of True Link.
  • Business Insider includes Lending Club and Coinbase in its list of the seven hottest startups in Silicon Valley.
  • Blooom and Future Advisor are profiled in a Forbes column on making the most out of your 401(k).

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

  • “FinovateFall 2015 Presenting Companies Announced

Around the web

  • Pymnts interviews Karmic Labs CEO Ryan Weidenmiller.
  • Kony Announces Asia Pacific and Japan Expansion.
  • Bankless Times features Cloud Lending Solutions.
  • Let’s Talk Payments names multiple FinDEVr alums in its list of 29 APIs to Consider Before Building Any Fintech Product.
  • Betterment, Financial Guard, Personal Capital, Vanguard, and Wealthfront are featured in a Bloomberg Business column on options for new investors.
  • Samsung introduces its Loop-equipped Samsung Pay app in South Korea.
  • Tamebay interviews Peter Plewman, CurrencyTransfer.com director, on the volatility of the euro.
  • Trulioo taps identity and fraud specialist, Jon Jones, as new company president.
  • Business Insider looks at “transformative” fintech leadership at companies like Braintree, Coinbase, PayPal, SamsungPay (with Loop), and Venmo.
  • Forbes highlights Zopa in its review of the growth of P2P lending in the United Kingdom.

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.

FinovateFall 2015 Presenting Companies Announced

FinovateFall 2015 Presenting Companies Announced

FF15RegistrationIMG

Since we received the highest-ever number of applications to demo during our FinovateFall conference in New York, we quickly discovered that electing presenters would not be easy. After a month-long screening process, we narrowed the pile to the newest and most innovative ideas in fintech.

Today, we’re revealing the first group of companies that will take the stage at the event.

Don’t miss your chance to see all of these companies, and more, demo their technology live. Tickets have been selling fast for the event, which will be held 16/17 September at the New York Hilton Midtown. See you there!

FF2015LogoRevLarge

Advisor Software uses APIs and apps in a hybrid cloud architecture to steer investment advisers away from traditional wealth-management software that’s too rigid, difficult to integrate, expensive, and hard to scale.

Alfa-Bank’s Sense Financial Advisor brings personalization to larger universal banks by using big data analysis and artificial intelligence.

Avoka offers a rapidly deployed, omnichannel customer onboarding and engagement software with a simplified customer interface to help financial institutions better cross-sell.

BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user.

Big Data Scoring’s credit scoring methods help the consumer credit industry by using publicly available, unstructured data to evaluate clients without traditional credit bureau data.

Blockstack’s software platform uses private blockchains to eliminate back-office inefficiencies for financial services firms.

The Buzz Points mobile app and merchant portal benefits local financial institutions and local businesses by creating a currency to incentivize account holders.

Capriza uses an enterprisemobility platform to solve for complex, customized, desktop-only workflows using zero coding, APIs, application upgrades, or integrations.

Credit Karma will launch a free and efficient mobile app to remove the complexities of understanding and managing credit and personal finance for U.S. consumers.

Crowdability is a screening tool to help individual investors rapidly filter thousands of private start-up deals using a proprietary algorithm developed in conjunction with top angels and venture capitalists.

D3 Banking has developed Small Business Banking to bring omnichannel, data-driven, digital banking solutions to financial institutions’ small business customers.

DAVO Technologies’ automated technology solution solves small- to mid-sized merchants’ sales-tax pain-points.

Dynamics’ Next Generation Payment Cards crack a 30-year lack of card innovation by embedding full computer architecture inside a payments card.

ebankit’s banking solution uses the latest technologies to offer a unified experience across channels with a holistic view.

Eco-Mail’s exchange-based technology eliminates physical mail delivery for mailers, consumers and large enterprises by using its proprietary platform to eliminate paper-based B2B, C2B and B2C mail.

Euronovate’s new generation pad offers customers strong authentication.

Fern Software’s FaaS system incorporates free-standing apps to offer tools from vendors with no core system.

Finanteq’s white-label SUPERWALLET helps banks take full advantage of their potential by integrating m-commerce and remote services with mobile banking apps.

First Performance’s communication and processing platform offers financial institutions a more direct issuer-to-cardholder engagement solution that solves the problem of decreased card usage due to fraud-related concerns.

Fiserv’s Digital Banking Solution helps financial institutions deal with the continuously increasing demand to create a banking experience with impact for end users.

Flybits’ cloud-based, context-aware technology steers companies away from generic content and manual searching on mobile apps.

Gro Solution’s account-opening solution uses a concise workflow and multilayered approach to solve high mobile abandonment for financial institutions.

Hedgeable’s NEXT Partner Network makes private banking platforms available to millennials.

HelloWallet’s Retirement Explorer brings high-quality, user-friendly retirement guidance to 401(k) participants.

Hypori’s Virtual Mobile Infrastructure brings a defense architecture to enterprises’ Bring Your Own Device (BYOD) policies.

ID Analytics brings patented analytics and real-time behavioral insight to consumer risk management.

Lexmark’s Kofax brings retail banking customers a real-time, voice driven, voice response, collaborative onboarding solution in a mobile app.

Ldger offers its distributed ledger technology to modern credit market investors and originators to avoid inefficiencies in traditional capital market processes.

LiftForward’s SaaS analyzes consumer or business credit default risk to help a business determine whether to provide terms or credit to its customers.

LiquidLandscape is an interactive notebook that uses data visualization to prevent financial decision-makers from drowning in data.

Mogl’s card-linked-offer technology bridges the gap between online to offline commerce for businesses across the country.

North Side offers a more natural, fun, and efficient natural language interface that enables banks to know their customers better and sell them credit, investment and cash-management services.

Novabase offers wealth clients and their financial advisers a customizable app ecosystem that enables engagement for self-service clients along with adviser contact.

PaySwag helps lenders, municipalities, utilities, medical and other creditors collect delinquent payments from the underbanked using a gamified mobile application combining payments with cash or cards, financial education, communication, payment plans, and rewards.

Quisk’s digital cash payment and integrated marketing and loyalty solution uses its patented, cloud-based software platform that enables a simple, secure and convenient solution.

RMS distributes its referral and rewards platform consumer channels online, and via a mobile app.

SaleMove’s live engagement platform makes it easier for financial institutions to sell and service complex financial service products online by using instant video chat and guided browsing.

Sliced Investing is an online platform that provides accredited investors access to alternative investments, such as curated hedge funds, private equity and late-stage private-company investments.

Socure’s solution for consumers and companies facing ever-increasing challenges with usernames, passwords, and verification employs facial biometrics technology.

Soundpays‘ universal mobile wallet enables users to pay online, in-store and on TV with a single app that uses sound waves to initiate a transaction.

Thetaray helps financial institutions with fraud detection and credit-risk reduction by using its anomaly-detection algorithm that leverages big data analytics in real time.

TransferTo’s Mobile Money Hub offers money-transfer operators a solution that enables developing markets to send money remittances via mobile.

Tranwall offers card issuers, processors, and corporations a card payment control solution.

Trulioo’s GlobalGateway helps fintech companies with the electronic identity-verification process by using its AML/KYC-compliant ID verification and normalized API.

Urban FT’s white-label, digital banking solution helps smaller and regional banks and credit unions to compete with larger FIs by enabling them to create, customize, and edit digital solutions for each card program via its Platform Management Portal.

Voitrax’s trade reconstruction engine uses transcription, machine learning and natural language processing to help financial institutions comply with regulations by enabling them to provide trade reconstruction reports in real time.

Walletron’s moBills mobile wallet, data integration and push notifications help any biller deal with today’s underwhelming mobile bill presentment and payment options.

Xignite’s cloud-based market-data APIs help financial services, media, software and corporate developers simplify the complexity of sourcing and integrating market data.

Xpenditure solves the hassle of expenses by eliminating the expense claim as it’s known today for businesses of all sizes.

Yseop’s Smart BI helps analysts, advisers and bankers draw insights from financial data in real time using self-service products.


FinovateFall is sponsored by The Bancorp, CapitalSource, Envestment, Financial Technology Partners, Hudson Cook, KPMG, and Zions SBIC.

FinovateFall is partners with Aite, American Bankers Association, Bank Innovators Council,BankersHub, bobsguide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, CoinTelegraph, Crowdfund Beat, Ebanking News, Hotwire, IDC Financial Insights, Javelin,Let’s Talk Payments, Mapa Research, Mercator Advisory Group, MergerMarket, The New Economy, NYPAY, The Paypers, SME Finance Forum, and World Finance.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Dream Payments Solves Your Payment-acceptance Nightmare”
  • “Bill.com Unveils its iOS App for Small Business Owners”
  • “Malauzai Software Raises $11 Million in Venture Funding”

Around the web

  • Bloomberg: Barclays’s Michael Rake to Become WorldPay Chairman in September. See WorldPay at FinDEVr this October.
  • PaySimple introduces BookSimple, its cloud-based scheduling software.
  • Check Point partners with Vmware partner to bolster security in data centers.
  • Boston Business Journal: peerTransfer to open office in Shanghai, China, this year.
  • Bank Innovation reviews Narrative Science and its plans to enter the robot-advisor market.
  • Let’s Talk Payments interviews Ron Suber, Prosper President.
  • Credit Union Times features Rippleshot CEO and co-founder Canh Tran in its column on fraud detection for CUs.
  • Sang Lee, CEO of DarcMatter, quoted in RIA Biz column on robo-advisors.
  • PYMTNs.com profiles Kreditech as the company pursues Series C investment.
  • Belvoir FCU launches Belvoir Buck$ loyalty program courtesy of partnership with Larky.

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 Debuts: Dream Payments Solves Your Payment-acceptance Nightmare

Finovate Debuts: Dream Payments Solves Your Payment-acceptance Nightmare

DreamPaymentsHomepage

Dream Payments works with banks and merchant acquirers to help businesses process payments and track operations. Its specialized mobile point-of-sale (mPOS) terminal, combined with a free mobile app, enables merchants to accept cash, credit, or debit card payments. This, coupled with Dream Payments’ sales insights and analytics, offers an end-to-end solution that is magstripe, EMV, and NFC compatible.

PaymentMethods

Merchant acquirers and banks can guard against disintermediation from alternative payment platform providers by offering the Dream Payments mPOS on a white-labeled basis.

Company facts:

  • 20+ employees
  • Raised $6 million in seed funding
  • Based in Toronto, Canada
  • Founded in 2014

The payment experience

ChargeMobileAppPaymentMethodUsing the mobile app, the merchant selects the item the customer would like to purchase, or manually enters the amount to charge. After entering the quantity and payment method (cash, debit, or credit), the merchant selects pay.

Once the device is authenticated and the transaction is validated, the customer receives a digital receipt via email, SMS, or a hard copy from a bluetooth printer.

Because of the upcoming liability shift, Dream Payments offers an EMV option. While EMV-compliant POS terminals typically cost $250 to $1,000, the Dream Payments hardware costs $50 for the device and comes with a free mobile app that works on multiple devices.

DreamPaymentsApplePayDream Payments works with NFC payments such as ApplePay

Merchant dashboard capabilitiesMerchantPortal

The Merchant Dashboard for business clients enables them to view their transaction history, reissue receipts, and process returns. Similar to the mPOS, banks and merchant acquirers can tailor this administrative view to match their brand.

The dashboard serves as a toolbox for merchants to manage and track sales, view deposits, as well as adjust POS settings. They can, for example, add and adjust user permissions, create and review sales reports, and manage customer receipts.

For banks and merchant acquirers

OpsDashboardUsing the Operation Portal, banks service multiple merchant client accounts. The portal provides a tier 1 and tier 2 support tool. It offers a high-level view of all merchants and their basic profile information, along with a complete list of each merchant’s transactions.

The Operation Portal also enables banks to activate, deactivate, and manage the merchants’ EMV card readers.

 

Dream Payments debuted at FinovateSpring 2015 in San Jose.

 

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, 6/7 October, in San Francisco.

The latest from FinDEVr 2015 presenters

  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Swiss Re partners with Backbase to develop a new platform for selling and servicing life and health products online.
  • Avalara Integrates Automated Sales Tax Solution with Stripe.
  • PayPal’s Braintree supports Apple Pay in the United Kingdom with its v.zero SDK.

Alumni updates

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.
  • Xero updates Tracked Inventory feature.

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

Realty Mogul Builds $35 Million in New Funding

Realty Mogul Builds $35 Million in New Funding

RealtyMogulHomepage

Realty Mogul, a platform for crowdfunding real estate transactions, pulled in $35 million in funding early this week. This Series B installment is the company’s fifth round of funding since it was founded in 2012, bringing the total to $45.1 million.

Canaan Partners, the leader of Realty Mogul’s Series A round, participated in this year’s round, which was led by existing investor, Sorenson Capital.

For buyers, Realty Mogul offers debt financing of up to $1.5 million for residential properties and $25 million for commercial properties. It also has a commercial property equity option for up to $5 million. Additionally, the platform caters to both accredited retail investors and institutional investors.

RealtyMogulLendingOpps

Since launch, the California-based company’s platform has been used to furnish $80 million in funding for 250+ properties worth a total of $500 million. In the past year, Realty Mogul has added 70 employees and plans to hire more. In fact, the company will use the new funding to bolster its technology and data team to better analyze deals and risk.

Realty Mogul debuted its crowdfunding tool for real estate at FinovateSpring 2014 in San Jose. Check out the live demo video below.

Finovate Alumni News

On Finovate.com

  • “Realty Mogul Builds $35 Million in New Funding”
  • “Fastacash Secures $15 Million in Series B Investment”
  • “Fenergo Raises $75 Million from Insight Venture Partners”

Around the web

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • Green Dot opens subsidiary in Shanghai.
  • Citizens 1st National Bank introduces mobile remote deposit capture with integration of Malauzai SmartApp, Ensenta mRDC.
  • Liz Loewy, senior vice president for EverSafe, spoke about elder financial abuse at White House Conference on Aging.
  • Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems.
  • Five Degrees appoints Peter-Jan van de Venn as new chief commercial officer.
  • BBVA Group inks strategic agreement with the Alliance for Financial Inclusion.
  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Kotak Securities and Heckyl launch real-time news and market-info apps.
  • Cachet Financial Solutions to deploy Select Mobile Money platform for SOLE Financial’s Visa Paycard.
  • MyOrder teams up with WirecardGroup to issue contactless mobile cards using HCE technology.
  • Algomi wins “FinTech Innovation of the Year” honors at 2015 Euromoney Global Awards for Excellence.
  • Wealthfront lowers its minimum investment to $500.
  • Bank Innovation takes a look at how startups like SizeUp help banks work better with small businesses.
  • Authentication specialist BioCatch earns a pair of patents from the U.S. Patent Office.

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

  • “Redesigning the Value Chain: Q&A with Michiel Schipper of Topicus”

Around the web

  • Trustly appoints CCO from Société Générale and director of sales from Klarna Group.
  • Swiss Re partners with Backbase to develop a new digital platform for selling and servicing life and health products online. Come see Backbase at FinDEVr on 6/7 October in San Francisco.
  • PayItSimple launches in the United Kingdom.
  • Greater Nevada, $550 million in assets, hires Insuritas to launch insurance agency.
  • Paybefore: “How the Ripple Protocol Could Change Payments”
  • PayPal’s Braintree supports Apple Pay in the U.K. with its v.zero SDK. Come see Braintree at FinDEVr this fall.
  • Billhighway adopts SnapApp platform to develop and publish interactive content that increases market engagement.
  • ReadyForZero lists Prosper and Lending Club as 2 of the top 3 debt-consolidation loan companies.
  • Betterment launches SmartDeposit feature.
  • Market Prophit licenses its platform to Nasdaq’s Market Intelligence Desk.
  • The Flying Merchant to use digital eKYC solution from iSignthis to meet AML requirements.
  • The Economic Times India features ArthaYantra, Betterment, FutureAdvisor, and Wealthfront in a review of robo-advisors.

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.

TickerTags Launches in Beta

TickerTags Launches in Beta

TickerTagsHomepage

TickerTags, a startup that surfaces market trends before they become news, launched the beta version of its platform for investors last week.

TickerTags charts the number and sentiment of conversations around a brand and other key words to help investors anticipate a rise or fall in the company’s stock price. The TickerTag database holds 350,000 keywords and phrases associated with 8,000 publicly traded companies.

The platform lets users create up to 40 Private Tags, for example, Kate Spade + Love and Michael Kors + Love to help forecast the stock price activity of public handbag companies.

TickerTagsHandbags2

The Dallas-based company, which debuted the platform at FinovateSpring in May, plans to price subscriptions at $30 per month for 40 Private Tags. Right now, it’s letting users track up to 40 tags for free until the end of this year.

The company plans to launch sentiment analysis in a few months and will add trend data from Facebook by the end of this year.

Finovate Alumni News

On Finovate.com:

Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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.