FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on 29/30 March 2016. Stay tuned for details.

The latest from FinDEVr San Francisco 2015 presenters

  • Fortune: How Venmo plans to make money.
  • PayPal and Aramex partner to create www.ishoptheworld.com, a one-stop cross-border marketplace.

Alumni updates

  • InComm acquires TibiDono, Austria-based marketing and gift card distribution company.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Moven Launches Offers with Four Merchant Partners

Moven Launches Offers with Four Merchant Partners

MovenHomepage

Need another excuse to spend money now that the holiday season is over? Neobank Moven is giving cardholders incentive to use their prepaid cards with a new offers program.

The New York-based company has partnered with four companies to extend deals:

MOvenOffersEmail

Since the offers allow customers to pay using any card they’d like, Moven is offering a cash back incentive. The startup is giving customers $10 if they spend $150 or more on the offers in a month.

Moven hints at more merchant partners coming soon, stating, “Keep a lookout for more offers like these in the New Year, this is just the beginning.”

Also this week, the company released updates for its iOS app:

  • Auto-login, enabling users to see balance and spending at a glance
  • TouchID
  • Free P2P money transfers to other Moven users
  • Ability to change categories from the notification on the lock screen

Moven was founded in 2011 by CEO Brett King. The company debuted its Financial Health platform at FinovateSpring 2015 in San Jose.

FinovateEurope Sneak Peek: Spiff

FinovateEurope Sneak Peek: Spiff

Spiff_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Get tickets this week for early bird savings.

Spiff_logo_HiRes

Spiff is a simple saving service for you and me, designed with women in mind.

Features:

  • Designed for women
  • Fun, safe, and simple
  • We connect money to what it can accomplish

Presenters

Spiff_Carl_Nicolai_WessmannCarl-Nicolai Wessmann, CEO, Founder

Wessmann spent 3+ years at Schibsted Media Group, Strategy & International; and 3+ years at Handelsbanken. He is a Harvard Business School alum, and holds a master’s in business and economics from the Norwegian Business School. He is a proud father and husband.
LinkedIn

Spiff_Kristin_MollerKristin Juland Moller, Social Media and Communication Manager

Moller spent 10+ years in media as VP of consumer sales for Schibsted Media Group; VP product and marketing at Aftenposten; and as a management traineee at Schibsted. She holds a master’s in business and economics from the Norwegian School of Economics and Business Administration.
LinkedIn

 

FinovateEurope Sneak Peek: SuiteBox

FinovateEurope Sneak Peek: SuiteBox

SuiteBox_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Get tickets this week for early bird savings.

SuiteBox is a unified, cloud-based collaboration service that brings together video, voice, electronic signing, screen sharing, and selective recording to any device, anytime, anywhere.

Features:

  • Fully white-labelled virtual meeting room which is always ‘open’
  • Combines the power of video with electronic signing and recording
  • Integrates with your own CRM using open APIs, or use standalone

Why it’s great
Meet and complete virtual meetings and transactions using the power of the SuiteBox meeting room. The ‘suite’ of virtual collaboration tools enables you to complete business online, anytime.

Presenters

SuiteBox_Ian_DunbarIan Dunbar, Country Manager, Australia

Dunbar is the country head of SuiteBox for Australia. In addition, he is the founder of Afiniation, an Australasian network of fintech innovators. Dunbar is a former executive of UBS Australia.
LinkedIn

 

SuiteBox_RichardMannellRichard Mannell, CEO, Founder

Mannell is an experienced founder, investor, and CEO in financial markets and global wine trading. He is the former managing director, and board member, of ICAP in London. Mannell is also the founder/director of Bordeaux Index, a leading fine wine broker.
LinkedIn

FinovateEurope Sneak Peek: ebankIT

FinovateEurope Sneak Peek: ebankIT

ebankit_homepage_Jan2016

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Get tickets this week for early bird savings.

ebankIT_logo_HiRes

ebankIT is an omnichannel banking software company providing innovative technologies that allow banking customers to control their finances and invest their savings easily on their favorite channels.

Features of the software:

  • Allows banks to extend their customers’ networks
  • Provides seamless access to financial products and services
  • Works on every device and wearable technology

Why it’s great
Omnichannel and social banking provides a consistent experience across channels, providing customers with seamless access to financial products and services more efficiently, faster and easier.

Presenters
ebankIT_Paulo_OliveiraPaulo Oliveira, Omnichannel Specialist

Oliveira is a project manager, omnichannel specialist, and software architect at ebankIT. He has developed solutions in the financial sector for more than 15 years.
LinkedIn

 

ebankIT_Diana_WinstanleyDiana Winstanley, Business Developer

Winstanley is a business developer and omnichannel specialist at ebankIT with several years’ experience in business analysis and consulting within the financial sector.
LinkedIn

Finovate Alumni News

On Finovate.com

  • Moven Launches Offers with Four Merchant Partners”
  • Gem Raises $7 Million in Series A”

Around the web

  • Blackhawk Network acquires GiftCards.com and OmniCard for $120 million.
  • EyeLock partners with Diebold to develop new ATM experience using mobile app, QR codes, and iris scanning.
  • Trustly partners with GoldMoney’s BitGold to connect with financial institutions for direct deposits and redemptions.
  • LiveRamp interviews Cardlytics CMO Dani Cushion.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

LoanNow Secures $50 Million Credit Facility

LoanNow Secures $50 Million Credit Facility

LoanNow_homepage_Jan2016

In a deal that will help the company better serve its non-prime, middle-income customer base, LoanNow has secured a $50 million credit facility from an undisclosed institutional investor.

LoanNow’s President and COO Miron Lulic credited his company’s ability to “uniquely identify, assess and ultimately incentivize deserving borrowers that would otherwise lack affordable options.” The financing comes in the wake of LoanNow announcing it was nearing the $10 million mark in terms of personal loans originated in its first full year in operation.

LoanNow_stage_FS2015

LoanNow CEO and co-founder Harry Langenberg demonstrated LoanNow Group Signing at FinovateSpring 2015 in San Jose.

LoanNow specializes in providing financing options for borrowers with credit scores of 650 or less. The company’s platform monitors borrowers’ financial behavior, rewarding timely and consecutive payments, and the addition of micro-cosignatories. LoanNow says its dynamic loan-replayment process can result in APR reductions of as much as 50%. Loans are available up to $5,000, with terms of up to 48 months.

Currently available in five states, LoanNow expanded to New Mexico in August and to Utah in June. In July 2015, the company earned a spot in Orange County Business Journal’s “Best Places to Work in Orange County 2015” roster.

Founded in June 2013 and headquartered in Santa Ana, California, LoanNow demonstrated its group signing feature at its Finovate debut at FinovateSpring 2015.

Soundpays Appoints Steve Doswell CEO

Soundpays Appoints Steve Doswell CEO

SoundPaysHomepage

DoswellSoundpays, a startup whose technology enables customers to make P2P payments using inaudible sound, has appointed a new CEO this week. The Toronto-based startup’s board of directors selected Steve Doswell (pictured right) to succeed Peter Misek as CEO.

Misek, who will remain on the Soundpays board of directors, says:

Steve Doswell has been credited for shaping the growth of some of North America’s most influential and valuable companies. He’s an exceptional leader, passionate about our mission, and has an impressive history of working with start-ups at a similar stage of growth as Soundpays.

Prior to his appointment, Doswell served as CEO of Dubai-based First Information Security. He also has a history in the pharmaceutical industry and worked as chief operating officer at AOL Canada in 2007.

Soundpays debuted at FinovateFall 2015 and won Best of Show.

FundAmerica Shares Growth Metrics, Plans for 2016

FundAmerica Shares Growth Metrics, Plans for 2016

FundAmerica_homepage_Jan2016

This week, crowdfunding compliance solution provider FundAmerica gave us an inside look at some of its top metrics from 2015. Near the top of the list was the $102 million processed by FundAmerica’s platform customers. And of that only $3.5 million was refunded to investors for deals that didn’t close.

FundAmerica founder and CEO Scott Purcell said he was “surprised” at the low refund figure. “It shows offerings using FundAmerica’s services and methodology are overwhelmingly successful,” he said.

FundAmerica_stage_FS2015b

From left: FundAmerica General Counsel Scott Andersen, with founder and CEO Scott Purcell, demonstrated FundAmerica’s platform at FinovateSpring 2015.

Specializing in providing back-office tools ranging from escrow, AML, and payment processing, FundAmerica gives investment advisers, broker-dealers, and platform operators the technology to make sure their crowdfunding businesses run efficiently and remain compliant.

Some 2015 metrics from FundAmerica:

  • Number of escrows (506b, 506c, and Reg A): 228 offerings
  • Average investment (506b/c): $50,000
  • Average investment (Reg A): $2,800
  • Total number of platforms: 325
  • Platforms launched in 2015: 85

FundAmerica says it has investors from all 50 states plus the District of Colombia, with most investors coming from California, Texas, Florida, and New York. The vast majority of investors are from the United States (95%), with other participating investors from countries such as China, New Zealand, South Korea, United Kingdom, and Canada.

In addition to the metrics from last year, Purcell highlighted what to expect from FundAmerica in 2016.

  • Grow staff from 21 to 50
  • Launch EB-5 services
  • Support Title III crowdfunding portals
  • Provide APIs for venture exchanges, aggregators, and research firms

Purcell says FundAmerica will continue to improve its back-office solutions for 506b/c and Reg A offerings, and provide more compliance tools for broker-dealers. “Writing software is nonstop for us,” Purcell said.

FundAmerica made its Finovate debut at FinovateSpring 2015, and launched its Invest Now button in May. Learn more about how the company helps crowdfunders stay compliant in our August 2015 profile.

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

BackbaseHomepage

Digital banking platform provider Backbase released a report today highlighting its 2015 growth:

  • Large financial institution clients: 60+
  • End customers: 70+ million
  • Languages available: 12
  • Countries served: 25
  • YoY revenue growth: 35%

Backbase, which has a client retention rate of 98%, added a number of major clients in 2015 including:

  • Chase Bank
  • Doha Bank
  • First Data
  • Goldman Sachs
  • KeyBank
  • Metro Bank
  • Silicon Valley Bank
  • Sparebanken Sogn og Fjordane
  • Westpac

Last year the company opened a new office in Atlanta and grew its employee base by 62% from 225 to 365.

At FinovateEurope 2015, Backbase launched an addition to its Customer Experience Platform (CXP) called Omni-Channel Journey Manager, a tool that offers insight into the customer journey and enables banks to fix inconsistencies.

BackbaseJourneyMgr

Backbase cites 2015 as its most successful year so far, and has big ideas for 2016. The company plans to debut version 6 of its CXP in the first quarter and will showcase its newest offering at FinovateEurope 2016 next month in London. Tickets for the conference are available at a discounted price through January 8; register soon.

Finovate Alumni News

On Finovate.com

  • Soundpays Appoints Steve Doswell as CEO”
  • Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth”
  • FundAmerica Shares Growth Metrics, Plans for 2016″
  • LoanNow Secures $50 Million Credit Facility”

Around the web

  • Billhighway awarded National Best and Brightest Company to Work For for fourth year in a row.
  • CloudLock and Check Point Partner to attack hybrid cloud shadow IT and malware through detection, quarantine, and eradication.
  • InComm acquires TibiDono, Austria-based marketing and gift-card-distribution company.
  • Cachet Financial Solutions to power RDC solutions for Illinois-based Algonquin State Bank.
  • Roostify appoints Iyad Darcazallie CFO and COO, names Scott Stein VP of sales.
  • GMC Software named leader in Gartner Magic Quadrant for Customer Communications Management Software for third consecutive year.

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.

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

Backbase’s 2015 Metrics Report Cites 35% YoY Revenue Growth

BackbaseHomepage

Digital banking platform provider Backbase released a report today highlighting its 2015 growth:

  • Large financial institution clients: 60+
  • End customers: 70+ million
  • Languages available: 12
  • Countries served: 25
  • YoY revenue growth: 35%

Backbase, which has a client retention rate of 98%, added a number of major clients in 2015 including:

  • Chase Bank
  • Doha Bank
  • First Data
  • Goldman Sachs
  • KeyBank
  • Metro Bank
  • Silicon Valley Bank
  • Sparebanken Sogn og Fjordane
  • Westpac

The company last year opened a new office in Atlanta and grew its employee base by 62% from 225 to 365.

At FinovateEurope 2015, Backbase launched an addition to its Customer Experience Platform (CXP) called Omnichannel Journey Manager, a tool that offers insight into the customer journey and enables banks to fix inconsistencies.BackbaseJourneyMgr

Backbase cites 2015 as its most successful year so far, and has big ideas for 2016. The company plans to debut version 6 of its CXP in the first quarter and will showcase its newest offering at FinovateEurope 2016 next month in London. Tickets for the conference are available at a discounted price through 8 January, so register soon.