Paytech Finix Secures $30 Million Investment

Paytech Finix secured $30 million in funding last week. The investment takes the San Francisco, California-based payment facilitator's total capital to $133 million. Founded in 2015, Finix includes Kabbage, Pay Theory, and Passport among its customers.

San Francisco, California-based paytech Finix announced a $30 million investment last week. The funding featured participation from both new and existing investors, and brings the company's total capital raised to $133 million. Finix reported that it will use the new financing to support the addition of new features to make it easier for software platforms to better manage their payments and merchants.

"The next generation of fintech is all about businesses embedding financial services when and where their customers need them most," Bain Capital Ventures Managing Director and Finix board member Matt Harris said in a statement. "Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes…

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Credas Appoints Former Experian Director as CSO

Credas has appointed Geraint Rogers as Chief Strategy Officer. Rodgers formerly worked at Experian U.K., where he served as the company's Product Director for Identity, Fraud, and Financial Crime. Rodgers will also serve on Credas' executive board, which includes Barnett and company CTO Kevin Smith.

Digital identity verification platform Credas is bolstering its team this week. The U.K.-based company has appointed Geraint Rogers as Chief Strategy Officer.

Credas anticipates Rodgers will aid the company in the launch of its new Digital Identity wallet later this year. Company CEO Tim Barnett said that Rodgers will "help Credas stay at the forefront of the market."

Rodgers comes to Credas from Experian U.K., where he served as the company's Product Director for Identity, Fraud, and Financial Crime. He has almost 30 years of experience in product development and has worked across banking, risk, and compliance departments in senior roles at both Experian and…

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FinovateFall 2022 Sneak Peek: Agent IQ

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Agent IQ's Lynq personal engagement platform improves communication between financial institutions and their customers, leading to happier, more loyal, and more profitable relationships

Features

Allows customers to select a personal banker Includes configurable, built-in AI that supports a company’s banker to be more efficient Provides real-time insights into what customers are talking about

Why it's great

Agent IQ helps its customers create relationships in the digital world that are just as personal as they are in the physical world, but even more enhanced.

Presenters

Matt Phipps, CMO
Phipps has over a 20 year career in global marketing and branding in which he led digital marketing across Asia Pacific out of Melbourne, Australia for a multi-billion dollar life sciences company.
LinkedIn

Soren Bested, COO
Bested’s industry tenure has spanned…

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FinovateFall 2022 Sneak Peek: Teslar Software

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Teslar is a configurable lending process automation platform that helps community financial institutions balance portfolios, optimize profits, and effectively serve their customers.

Features

Allows banks to work with business customers to provide financing for mutual customers Expands lending opportunities Customizable to the bank's risk management practices

Why it's great

Expand lending opportunities while the consumer benefits by having the convenience and ease of working directly with the retailer or dealer for financing. Quick and reliable financing.

Presenter

Joe Ehrhardt, CEO and Founder
Ehrhardt began his career as a teller and now has over 20 years’ experience in the industry. Having built Teslar from the ground up, today he leads Teslar’s strategic vision and upholds company culture.
LinkedIn

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FinovateFall 2022 Sneak Peek: Turnpool

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Turnpool is an on-chain marketplace for commercial debt on crypto rails. The product enables borrowers to raise debt efficiently, compliantly, and securely, giving lenders opportunities to earn yield.

Features

Borrowers tap into a revolving line of credit Crypto investors get stable yield that is uncorrelated with crypto markets

Why it's great

The goal is to bridge the world of DeFi with real-world assets. Breaking down the barriers of entry, driving adoption, and driving more inclusive capital-efficient access to financing.

Presenters

Jwalin Joshi, Engineer
Joshi is a graduate of UC Berkeley and is interested in the applications of financial technology. He has served as one of the lead engineers and architects of Turnpool's debt marketplace.
LinkedIn

Mary Gooneratne, Co-Founder
Mary Gooneratne, Co-Founder of Turnpool, previously co-founded and sold a…

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FinovateFall 2022 Sneak Peek: Uplinq Financial Technologies

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Uplinq delivers the first global credit assessment platform for small business lenders by leveraging billions of statistically validated data sets.

Features

Includes 10,000+ direct connections into SMB data sources in 150+ countries Contains billions of regulatory compliant alternative data sets Serves as a significant extension of existing credit bureau services

Why it's great

Uplinq acquired a mature product that had been in market for 15 years and had served as a foundational component to $1.4 Trillion+ in loan originations and repurposed it into a modern day fintech.

Presenters

Ron Benegbi, Founder & CEO
Benegbi is a serial entrepreneur and the Founder & CEO at Uplinq. Uplinq is Benegbi's fifth startup. He’s a four-time tech founder and had two successful global exits and one flop, too.
LinkedIn

Patrick Reily,…

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Some Do’s and Don’ts of Leveraging Emerging Technologies in Fintech

Having worked in the fintech industry for four years, Kristiane Mandraki has developed a passion for emerging technology and has seen ebbs and flows of success and failure in the industry. Mandraki is currently the Director of Business Development and Marketing at Praxent, a 22-year old fintech experience design and development firm that helps financial companies succeed in their digital transformation efforts.

We recently spoke with Mandraki on some of the best practices in customer experience, digital transformation, and Web 3; as well as top trends she's anticipating in the next year.

When it comes to customer experience, what are some of the top mistakes you've seen banks and fintechs make, and how can they avoid them?

Kristiane Mandraki: Banks and fintechs often make the mistake of trying to be all things for all people, which only leads to exhaustive mediocrity. Instead, it’s critical to pick a focus, your…

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Linqto Breaks into DeFi with Trustline Acquisition

Linqto has acquired Trustline, a platform that offers decentralized financial services. "We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities.

Private investing firm Linqto has solidified its interest in the blockchain this week with the acquisition of Trustline, a platform that offers decentralized financial services. Financial terms of the deal were not disclosed.

Trustline leverages the XRP Ledger to offer payments, trading, and lending to accredited investors. Because Trustline run on XRP, it is able to offer its financial services in a more efficient and cost-effective manner than traditional firms.

"We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. "Trustline…

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FinovateFall 2022 Sneak Peek: Ocrolus

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Ocrolus is a document automation platform that powers the digital lending ecosystem. They are debuting Detect, a powerful and innovative solution offering lenders superior fraud detection.

Features

Catch more instances of fraud and reduce your risk Utilize detailed fraud signals and descriptions to power underwriting decisions Reduce manual application review

Why it's great

Detect will uncover what fraudsters want to stay hidden with the ability to view received and recovered documents side-by-side, highlighting altered content.

Presenters

David Snitkof, VP of Product, Analytics
David Snitkof is a technology entrepreneur and data/analytics leader with a successful track record of developing analytical systems, teams, and businesses from the ground up.
LinkedIn

Mindy Robins, Product Marketing Manager
Mindy Robins is a Product Marketing Manager at Ocrolus with extensive experience managing new product…

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FinovateFall 2022 Sneak Peek: Linqto

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Linqto makes investing in private companies accessible, affordable and efficient. Wealth managers can diversify client portfolios with investments in unicorns.

Features

Simple to use interface on web and mobile app $5K and $10K minimum investment sizes Get liquidity by selling shares on the platform

Why it's great

Linqto offers the same benefits of public markets – immediate access and settlement of private equity shares at affordable prices with the ability to get liquidity for shares purchased at any time.

Presenter

Patty Brewer, Chief Product Officer
Industry veteran with over 25 years experience in strategic product management with fintech companies like Digital Insight, Intuit, and Nav. Passionate about customer driven and iterative innovation.
LinkedIn

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FinovateFall 2022 Sneak Peek: ID R&D

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

ID R&D's IDLive Doc is the first product dedicated to protecting digital onboarding from document spoof attacks, where fraudsters present an image of an ID on a screen instead of one in their possession.

Features

Detects a variety of attacks, including screen replay Needs only a single image; frictionless for the user Works across all types of global identity documents

Why it's great

Document spoofs are likely causing more fraud than companies realize. Businesses can help prevent these types of attacks with the first-ever product specifically designed for this purpose from leaders in liveness.

Presenter

Alexey Khitrov, CEO
Khitrov has over 20 years of C-level experience at biometrics and financial services. In 2016, he launched ID R&D with a focus on developing innovative, best-in-class biometrics and liveness.
LinkedIn

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FinovateFall 2022 Sneak Peek: Stratyfy

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Stratyfy's UnBias allows financial institutions and fintechs to uncover, understand, and undo bias in complex financial decisions that impact the lives of millions.

Features

Proprietary next generation transparent ML Detailed reports with actionable recommendations Results in as little as two weeks

Why it's great

Addressing bias proactively means less risk, more diverse customers, and increased returns.

Presenter

Laura Kornhauser, CEO & Co-Founder
Laura Kornhauser is the Co-Founder/CEO of Stratyfy. Previously, Kornhauser spent 12 years at JPMorgan, building and delivering risk and credit products. She has a BSE from Princeton & an MBA from Columbia.
LinkedIn

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