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Dream Payments Closes $10 Million Series A

By David Penn Posted on March 9, 2017
Categories: Dream Payments, Funding, Fundings

Canadian payments innovator Dream Payments raised $10 million in new funding this week. The Series A round was led by the investing division of Fairfax Financial Holdings, FairVentures, and takes the company’s total capital to more than $17 million. In addition to FairVentures, Connecticut Innovations, Real Ventures, and angel investors also participated.

Citing the timing of the investment, Dream Payments CEO Brent Ho-Young said the funding “propels Dream into the American market at a perfect time to serve the critical needs of businesses that are struggling to support emerging payment technologies like mobile wallets.” The company plans to use the new capital to fuel expansion in the U.S., increase its presence in its native Canada, and drive development of its third party app ecosystem. Connecticut Innovations CEO Matt McCooe praised its “unique go-to-market strategy and product offering” while Janet Bannister, General Partner of Real Ventures, spoke from the position as an “early investor,” saying “(Dream Payments is) experiencing exceptional growth as the only payments cloud powering mobile commerce for the leading North American financial institutions.”

Pictured: Chief Marketing Officer Christian Ali demonstrating the Dream Mobile Point of Sale solution.

Dream Payments Cloud enables businesses across Canada to accept mobile payments by accessing a cloud-based, mobile point of sale (mPOS) solution. The company partners with financial institutions, who can then offer the PaaS solution to their business customers. In this way, Dream Payments helps consumers and businesses take advantage of both the latest and their preferred payment methods anytime, wherever they are.

Founded in 2014 and headquartered in Toronto, Ontario, Canada, Dream Payments demonstrated its mPOS solution at FinovateSpring 2015. Last month the company announced a partnership with Intuit QuickBooks to enables small business owners and entrepreneurs to accept a wider variety of payments including chip and PIN, cash, and mobile wallet. And, last fall, the company won the Global Fintech Challenge, taking home a $1.5 million investment award. In addition to Intuit QuickBooks, Dream Payments includes TD Merchant Solutions and TruShield Insurance among its partners and, later this month, expects to announce a new partnership with JP Morgan Chase.

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FinDEVr Preview: Barclaycard

By Julie Muhn (@julieschicktanz) Posted on March 9, 2017
Categories: Barclaycard, FinDEVr 2017 New York, FinDEVr 2017 New York Previews

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

Microservices are all the rage these days, with almost everyone aspiring to adopt this style of architecture. At Barclaycard, we have embarked on a journey to move from a traditional, 3-tier system to a set of more modern isolated, reactive services.

Why it’s a must-see:

Don’t miss this talk that recounts experiences developing an array of loosely coupled services that employ techniques such as domain-driven design, EDA, CQRS and event sourcing among others.

Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

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FinDEVr Preview: NuCypher

By Julie Muhn (@julieschicktanz) Posted on March 9, 2017
Categories: FinDEVr 2017 New York, FinDEVr 2017 New York Previews, NuCypher

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

NuCypher will present a data-centric, zero-trust security and encryption platform for big data.

Why it’s a must-see:

Sensitive data can be ingested from hundreds of different sources, stored in data lakes on-premise or in the cloud, and processed by dozens of different users both inside and outside an organization. Modern enterprises must architect their systems with a zero-trust approach and remove single points of failure.

Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

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FinDEVr Preview: Finicity

By Julie Muhn (@julieschicktanz) Posted on March 9, 2017
Categories: FinDEVr 2017 New York, FinDEVr 2017 New York Previews, Finicity

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

Finicity will demonstrate how easy it is to rapidly stand up its data insights and aggregation services, including providing consumers a simplified add-and-manage accounts process through Finicity Connect. The company will express the experience through the credit decisioning process, and talk to the impact data is having on lending.

Why it’s a must-see:

If financial transaction and account data are the fuel for your solution or service, then this is the talk for you. Learn how Finicity is improving the quality of data and the integration process for financial management, payment initiation, and credit decisioning applications.

Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on March 9, 2017
Categories: Barclaycard, Dream Payments, Fidor Bank, Finicity, Idea Bank, Kabbage, MX, NuCypher, Segmint, Tradeshift, Xceptor

On Finovate.com

Dream Payments Closes $10 Million Series A.

On FinDEVr.com

Check out a preview of these upcoming presentations at FinDEVr New York:
- Finicity
- NuCypher
- Barclayard

Around the web

Xceptor opens new office in New York.

Kabbage nabs $500M for small business loans.

Tradeshift to acquire Capgemini’s IBX Business Network.

Segmint listed in the Gartner Magic Quadrant for Digital Marketing Hubs.

Fidor partners with Van Lanschot to create the first PSD2-inspired Payment Avenue.

Poland’s Idea Bank creates accounting program for Uber drivers.

MX to power digital money management tools for Travis CU.

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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Women on the Finovate Stage

By Julie Muhn (@julieschicktanz) Posted on March 8, 2017
Categories: Avoka, Comarch, CREALOGIX, Dorsum, ebankIT, EyeVerify, GainX, Horizn, ICAR, ITSector, Mitek, nCino, Swaper, Trustly, Wealthify, Xignite

There are plenty of things about fintech worth celebrating, but today, in honor of International Women’s Day, we’re giving three cheers to the women in fintech!

We’re taking a special look at our most recent show, FinovateEurope, where 23% of the presenting companies were represented by a woman on stage. That’s a 50% increase from 2015, where 15% of the companies had female speakers, and a huge leap from our first event in 2007 with zero (see note 1).

So here’s to progress. And here’s to the women of FinovateEurope:

Avoka

Hali Khan, Director, Business Development