Kalixa Acquired By Singapore’s Senjō Group for $30 Million

Kalixa Acquired By Singapore’s Senjō Group for $30 Million

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In a deal inked in the second half of December and slated to be completed in the first quarter of 2017, payments innovator Kalixa Group has been sold to Senjō Group, a private investment company based in Singapore. The price tag of the purchase is $30 million (€29 million), with a completion accounts adjustment that could take the final tally to as much as $37 million (€35.5 million).

In a statement, Kalixa said the acquisition gave the company the chance to “build a global footprint.” In addition, the statement read “it will give us the stability and long term support we need to further develop our platform and product portfolio for the benefit of our customers and partners.” Kalixa offers end-to-end payment services in verticals including financial services, e-commerce, gaming, and ticketing systems. Its solutions include Kalixa Pay, a prepaid digital wallet; Kalixa Pro, a small business mPOS; and Kalixa Accept, which enables merchants to accept more than 200 different payment methods. Following its acquisition of PXP Solutions in 2014, Kalixa became one of the top five payment services companies in the world.

With 19 payments, e-commerce, remittance, trading, and factoring companies in its portfolio, Senjō Group sees Kalixa as a good fit “with our strategy of building a global payments ecosystem,” in the words of Senjō Group COO Gavin Lock. “In return we will provide Kalixa, its employees and customers with the benefits of being a part of a global specialist payments operator.”

Founded in 2007 and headquartered in Vienna, Austria, Kalixa demonstrated its mPOS technology at FinovateEurope 2013. In the fall of 2015, Kalixa was among a number of Finovate alums to make it to the finals of the U.K. Emerging Payments Awards. Earlier that year the company’s collaboration with Monitise, the social savings app called KiTTi, was launched by Santander UK.

Finovate Alumni News

Around the web

  • Virtual Piggy brings on President &CEO of Broad Street Consulting Advisors as its Senior Advisor.
  • Cachet streamlines RDC check settlement process for Banks and Credit Unions.
  • Finovate/FinDEVr alums populate TradeStreaming Fintech’s companies to watch in 2017 list.
  • Finance Disrupted interviews Xignite CEO and founder, Stephane Dubois.
  • Venmo, LearnVest, Qapital, Level Money, and PayPal featured in PC Mag’s Best Mobile Finance Apps of 2017.
  • From Founder to CEO talks with GainX founder & CEO Angelique Mohring. See GainX at FinovateEurope 2017 in London in February.

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.

AnchorID Adds Apple, SolarCity Vet Mark Roe to Board of Directors

AnchorID Adds Apple, SolarCity Vet Mark Roe to Board of Directors

anchorid_homepage_january2017

Former Senior Director of Worldwide Service for Apple and VP of Operations and Engineering for SolarCity, Mark Roe, will join the AnchorID Board of Directors. AnchorID CEO David Schropfer praised Roe’s experience “at Silicon Valley titans like Apple and Palm” and said his arrival coincides with the company’s growth plans – specifically within the U.S. credit union market. Schropfer also underscored Roe’s background in scaling operations, strategic implementation of IT systems, and “driving customer satisfaction.”

anchorid_markroe_newCredited with helping bring SolarCity public in 2013, Roe (pictured) said AnchorID had “the potential to become a billion dollar provider of new identity services.” Previous to Roe’s tenure at SolarCity and Apple, he was VP of Customer Service & Quality at Palm and, before that VP of Operations Engineering at Webvan. In addition to management stints at Accenture and Texas Instruments, Roe earned a BS in Industrial Engineering & Operations Research from Virginia Polytechnic Institute and State University and an MBA from the Martin J. Whitman School of Management at Syracuse University.

Founded in 2014 and headquartered in Kingston, New York, AnchorID demonstrated its enterprise grade authentication technology at FinovateFall 2014, taking home Best of Show honors. AnchorID offers a wide variety of authentication solutions – from phone, fingerprint, and voiceprint to soft tokens, PIN, and geocentric – to ensure that businesses and institutions have the identity proofing and KYC resources required in their industries. With more than $1 million in funding, the company announced a partnership with Los Angeles-based, white-label, digital wallet solutions provider, CU Wallet last fall.

FinovateEurope Sneak Peek: Worldcore

FinovateEurope Sneak Peek: Worldcore

worldcore_homepage_january2017

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Worldcore offers a wide range of secure global payment solutions including access to bank transfers, e-currency payments, prepaid debit cards, mass payments, and international money transfers.

Features

  • Secure biometric authentication with facial and voice recognition
  • Easy-to-use, class-leading digital experience
  • Multi-lingual, multi-currency support with mobile top-up + APIs/ SCIs

Why it’s great
We are constantly growth hacking to figure out how we can bring the fastest, easiest, and most secure payments and remittance options to new clients while continuing to provide same-day support.

Presenters

worldcore_seanpattersonSean Patterson, CMO
Patterson loves the analytical side of marketing and corporate strategy almost as much as the creative. He is a former Apple guy who loves great UX, has an MBA from Thunderbird, loves tennis, Porsches, travel, and venture capital.
LinkedIn

Alex Nasonov, CEO
LinkedIn

Equifax Shakes Up Mortgage Tech with Castlight Partnership

Equifax Shakes Up Mortgage Tech with Castlight Partnership

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Consumer insights and credit scoring company Equifax has partnered with Castlight this week to launch a mortgage affordability platform. The new system aims to help brokers reduce the mortgage application process to 10 minutes.

The platform helps mortgage brokers underwrite loans more efficiently by enabling applicants to grant the lender an Affordability Passport that allows them to view the applicant’s credit score and spending history. The passport gives brokers access to the client’s real-time financial data, which offers a granular view into how the potential borrower manages credit and shows their overall financial standing. Birmingham, U.K.-based Paradigm Mortgage Services will be one of the first distributors of the new platform.

Jake Ranson, Banking & Financial Institutions Director at Equifax U.K., described the new offering as “something unique to the market” and said it will “help customers have more control over their data and… make it easier for the financial services industry to make use of data.”

This is just one example of a larger trend we’ve seen in the burgeoning real estate or mortgage tech sector of the fintech industry. Other innovators in this space include Sindeo (FF16, FDSV16), Envestnet|Yodlee (FF16), Roostify (FS16), Kofax (FS16), Hip Pocket (FS15), Tactile Finance (FS14), Mortgage Harmony (FF12), Mortgagebot (FF10), eyeOpen (FEU13), and Blend (FS16, FDSV 16).

Headquartered in Atlanta, Equifax was recently listed on Forbes’ list of 100 Most Innovative Public Companies. The company is also one of 49 public fintech companies listed on the KBW Nasdaq Financial Technology Index. Equifax debuted new features for its mobile app at FinovateFall 2011 in New York.

FinovateEurope Sneak Peek: Mitek

FinovateEurope Sneak Peek: Mitek

mitek_homepage_january2017

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Trusted by over 5,000 organisations worldwide, Mitek will debut its unique machine-learning passport verification technology allowing service providers to onboard customers from across Europe.

Features

  • Instant verification via native and mobile web apps
  • Reduce onboarding abandonment with a 100% digital process via mobile
  • Machine and deep learning combats advanced fraud techniques

Why it’s great
Omni-channel identity verification establishes mutual trust between the individual and their institution reducing fraud, speeding onboarding, and propelling digital transformation.

mitek_sarahclarkPresenters

Sarah Clark, General Manager for Identity
Clark has worked in high growth fintech companies her entire career, helping companies bring both B2C and B2B products into blue ocean markets.
LinkedIn


Mitek_Kalle MarsalKalle Marsal, CMO

Marsal has over 20 years of marketing, technology entrepreneurship, VC, and general management experience in digital imaging, telecommunications, mobility, printing, and other high-technology industries.
LinkedIn

FinovateEurope Sneak Peek: Horizn

FinovateEurope Sneak Peek: Horizn

horizn_homepage_jan2017

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Horizn’s mobile platform dramatically accelerates market adoption of new products and digital technology for financial services and technology companies at enterprise scale.

Features

  • Used by employees, sales forces, and customers
  • Digitizes learning, embracing micro-learning, social technologies, gamification, and robust analytics
  • Increases employee performance, drives customer adoption and sales

Why it’s great
With banks, Horizn significantly accelerates the process of taking innovations to market, resulting in 85% employee adoption and a 20% increase in mobile platform usage.

horizn_janicedinerPresenters

Janice Diner, CEO and Founder
LinkedIn

 

 

horizn_robindindayalRobin Dindayal, SVP Product Management
LinkedIn

Payfone Lands $23.5 Million in Funding

Payfone Lands $23.5 Million in Funding

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Mobile authentication company Payfone closed a $23.5 million round of funding today. BlueCross BlueShield Venture Partners and Andrew Prozes led the round, while new investors Strauss Zelnick, Maclab Development Group and Transaction Network Services, along with existing investors RRE Ventures, Opus Capital, Relay Ventures, Early Warning Services, American Express Ventures, Verizon Ventures, and Rogers Venture Partners also contributed.

This Series E round brings the New York-based company’s total funding to just over $66 million and bolsters Payfone’s Board of Directors with the addition of Mike Spadafore of Sandbox Industries and Andrew Prozes, the former CEO of LexisNexis.

When it launched in 2008, Payfone sought to fight the mobile payments battle but pivoted just over 3 years ago to focus on mobile authentication solutions. In its former life as a payments company, Payfone launched 1 Touch Checkout at FinovateFall 2012 in New York. Today, the company offers a non-intrusive authentication option for end clients that uses the identity of their mobile phone to offer persistent protection against fraud.

At the 2015 Fierce Innovation Awards, Payfone won the Over-the-Top (OTT) Monetization and Customer Security categories. In 2016, the company deployed its technology at a Tier-1 bank in the U.S., marking 50 million bank accounts protected by Payfone.

FinovateEurope Sneak Peek: Twisto

FinovateEurope Sneak Peek: Twisto

twisto_homepage_january2017

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Twisto is simplifying daily payments, providing customers with a flexible credit line and helping them regain control over their finances.

Features

  • Pays all non-cash daily payments with one click
  • Seven minutes to access credit line with a card delivered within 48 hours
  • One mobile app to manage all finances, save money and time

Why it’s great
Twisto is a game-changer in payments across the CEE region through simplifying daily payments with the smart use of credit and outstanding customer experience born in the mobile age.
twisto_michaelsmida

Presenters

Michal Smida, Founder and CEO
Smida founded Twisto with the vision to become the leading bank challenger in CEE. Having previously spent four years at Barlcays, he lived in the U.S., Russia, U.K., and is currently based in Prague.
LinkedIn

Lukas Janousek, Chief Strategy Officer
twisto_lukasjanousekJanousek has more than eight years of experience building start-ups. He sold his last venture to O2. He is focused on delivering products with high added value and building a brand customers love.
LinkedIn

Finovate Alumni News

On Finovate.com

  • AnchorID Adds Apple, SolarCity Vet Mark Roe to Board of Directors.
  • Equifax Shakes Up Mortgage Tech with Castlight Partnership
  • Payfone Lands $23.5 Million in Funding

Around the web

  • Pakistan’s Samba Bank to deploy new core banking technology from Temenos.
  • Infosys’s core banking software Finacle goes live at Nepal’s Sunrise Bank.
  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.
  • Check Point Software partners with Attivo Networks to improve fraud detection.
  • DAVO Technologies has just been approved as a Certified Electronic Return Originator (ERO) with the California State Board of Equalization.

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.

 

Apply Now to Present at FinovateSpring 2017!

Apply Now to Present at FinovateSpring 2017!

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We’re now into the new year and excitement for FinovateSpring 2017 is building. Now is the time to apply: the early-bird deadline for presenter applications to demo is this Friday, January 6.

Our West Coast event will take place at the San Jose Convention Center on April 26 & 27, and it will feature our signature seven-minute-demo format. Presenters who are selected won’t just receive time up on stage — they’ll also have the opportunity to connect directly with senior-level financial executives, venture capitalists, other entrepreneurs, and influential press, analysts, and bloggers.

Competition for demo slots was fierce in 2016, with more companies applying than at any point in our history. And with attendance numbers growing alongside the demand for a coveted demo spot, now is the time to put your hat in the ring and take your company to the next level.

If you’d like to learn more, please email us at [email protected] and we’ll send you a presenter packet outlining the selection criteria, presenter package, demo costs, deadlines, and a link to the online application (applying is completely free and 100% confidential, so there’s nothing to lose!). Plus, if you apply by this Friday, January 6, and are selected to demo, you’ll benefit from the early-bird savings in your final demo cost. Hope to see you apply!


FinovateSpring 2017 is sponsored by: FT Partners and more to be announced.

FinovateSpring 2017 is partners with: Aite Group, BankersHub, Banking Technology, Fintech Finance, Mapa Research, Paybefore, and SME Finance Forum.

NetGuardians Brings Real-Time Fraud Protection to Nigeria’s Keystone Bank

NetGuardians Brings Real-Time Fraud Protection to Nigeria’s Keystone Bank

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Keystone Bank in Nigeria has turned to FinovateAsia alum NetGuardians in order to meet a new anti-fraud directive from the country’s central bank. Keystone Bank ($2 billion in assets) will deploy NetGuardians’s FraudGuardian technology, which leverages Big Data and predictive analytics to enable continuous auditing across channels, IT levels, and financial transactions.

FraudGuardian was singled out by Nigeria’s Central Bank (CBN) as an effective way for FIs to meet recently-issued anti-fraud reporting requirements, a point underscored by Keystone Bank CIO, Femi Aderibigbe. “The CBN recommendation naturally gave confidence in the NetGuardians solution,” Aderibigbe said before adding that the technology’s “innovative approach to fraud prevention and system features” were also major factors in choosing to deploy FraudGuardian.

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Pictured (left to right): NetGuardian’s Mine Fornerod (Digital Marketing Manager) and Eric Margaryan (Asia Regional Director) demonstrating FraudGuardian at FinovateAsia 2016.

NetGuardians founder and CEO Joël Winteregg praised Keystone Bank as a “technology savvy, service-driven institution (where) eBanking is a key part of their operations.” According to Inlaks Computers, local implementation partner for NetGuardians, the Keystone Bank deployment is part of a larger plan to bring anti-fraud solutions to the area. Precious Osegi, Director of Sales and Strategy for Inlaks said, “(We) look forward to extending FraudGuardian to more banks in the West Africa region to mitigate fraud risk.” NetGuardians announced a deployment of FraudGuardian with the National Bank of Malawi last November.

Founded in 2007 and headquartered in Yverdon-les-Bains, Switzerland, NetGuardians made its Finovate debut at FinovateAsia 2016 in Hong Kong. A Gartner Cool Vendor for 2015, NetGuardians was recognized at the Aurexia FinTech Awards in London last fall in the category of post-trade for investment suitability. The company has raised more than $5 million in funding, and includes MoneyTime Ventures and Polytech Ventures among its investors. Co-founder Raffael Maio is COO.