This week, three Finovate alums announced significant funding, totaling more than $34 million.
Kony: provides mobile app and multi-channel solutions
- Amount: $10 million
- Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
- Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
- Total Raised: $39.8 million
- Founded: 2007
- FinovateFall 2010 demo