Finovate Alumni News

By David Penn Posted on
Categories: BehavioSec, Betterment, Currency Cloud, IP Commerce, linxo, MasterCard, On Deck Capital, Tradeshift, TransferWise, Vouch

On Finovate.com

  • “IP Commerce Closes Series A Round”
  • “Linxo Raises €2 Million from Crédit Agricole”

Around the web

  • MasterCard and TransferWise talk about the “future of money and credit” with TechCruch at Davos 2016.
  • Let’s Talk Payments features Betterment in a roundup of fintech startups focused on reducing fees for retirement savers.
  • OnDeck enters referral agreement with Opus Bank to power SMB lending.
  • BehavioSec to power behavioral biometrics for TeleSign.

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.

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FinovateEurope Sneak Peek: Capital Preferences

FinovateEurope Sneak Peek: Capital Preferences
By David Penn Posted on
Categories: Capital Preferences, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

CapitalPreferences_homepage_Jan2016

FEULogowithDate    A look at the companies demoing live to 1,500 fintech professionals. Register today.

 

Capital Preferences takes the pain out of client profiling. We use game theory to create each client’s Economic Fingerprint—letting you customize advice and prove suitability.

Features

  • We lower risk and raise customization potential
  • We provide statistical confidence that you are providing suitable advice
  • We sell to the right clients based upon their preferences

Why it’s great
Firms that know their clients best will win. Your client’s Economic Fingerprint is the key to serve them better, grow revenue, stay compliant, and lower the regulatory risk profile of your business.

Presenter

CapitalPreferences_BernardDelReyBernard Del Rey, CEO

Del Rey is an experienced chief marketing officer, a leader at JP Morgan Asset Management and Morgan Stanley Investment Management, who then founded Capital Position, a global strategy and marketing firm.
LinkedIn

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FinovateEurope Sneak Peek: additiv

FinovateEurope Sneak Peek: additiv
By David Penn Posted on
Categories: additiv, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

additiv_homepage_Jan2016

FEULogowithDate    A look at the companies demoing live to 1,500 fintech professionals. Register today.

 

additiv will present Descartes, based on the platform additiv Digital Finance Suite (DFS).

Features

  • Additiv DFS: digitization realized fast and efficiently
  • Full self-service hybrid, or personal adviser-focused solutions including robo-adviser technology
  • For the banking and insurance markets

Why it’s great
Descartes is a high-end, multi-algorithmic robo-adviser for demanding, self-directed investors offering a holistic advisory and portfolio-management approach.

Presenters

additiv_MichaelStemmieMichael Stemmle, Owner and CEO

Stemmle has long-term consulting experience with a focus on the development and implementation of business, sales, and distribution strategies for the finance and insurance industries.
LinkedIn

 

additiv_AdrianoLucatelliAdriano B. Lucatelli, Entrepreneur, Founder of Descartes AG

Lucatelli is a Swiss entrepreneur, investor, and member of the board of directors of various companies (one of them additiv). He has lectured at the University of Zurich on international finance since 2012.
LinkedIn

 

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FinovateEurope Sneak Peek: AdviceRobo

FinovateEurope Sneak Peek: AdviceRobo
By David Penn Posted on
Categories: AdviceGames, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

AdviceRobo_homepage_Jan2016

FEULogowithDate     A look at the companies demoing live to 1,500 fintech professionals. Register today.

 

CreditRobo from AdviceRobo provides behavior-based predictive and preventive solutions, instant credit scoring, and a gamified user interface by applying the latest technologies such as machine learning.

Features

  • Reduces risk in your customer base
  • Gives actionable insights for highly effective campaigns
  • Offers personalized services, such as a personal online dashboard
  • Improves your ROI

Why it’s great
AdviceRobo helps you to predict and prevent, on an individual level, the credit risk in your base.

Presenters

diederik van thielDiederick van Thiel, CEO

Founder and CEO Thiel previously founded and sold eyeOpen, the world’s first online mortgage robo-advisor. He is enrolled in a Ph.D. program on behavioral finance and big-data-driven customer experiences.
LinkedIn

Diederick van Tiel en Rosali Waleson-SteenkamerRosali Steenkamer, CCO

Founder and CCO Steenbakmer previously founded and sold eyeOpen, the world’s first online mortgage robo-advisor. She has in-depth expertise and experience in the field of marketing, communication, and sales.
LinkedIn

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FinovateEurope Sneak Peek: eWise

FinovateEurope Sneak Peek: eWise
By David Penn Posted on
Categories: eWise, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

eWise_homepage_Jan2016

FEULogowithDate A look at the companies demoing live to 1,500 fintech professionals. Register today.

 

eWise is a leading international provider of private and secure personal finance management (PFM) and account-aggregation solutions. eWise will present its new data privacy feature.

Features

Responsibility and security in Personal Money Management since 2000.

  • Money Manager
  • Personal Data Vault
  • Data Privacy Settings

Why it’s great
Having our financial data in one place and sharing it in return for better services will revolutionize the relationship we have with our money.

Presenters

eWise_AlexGrinbergAlex Grinberg, Head of Business Development and Founder

Grinberg started his career in law and technology, as senior legal counsel at IBM and Oracle. He founded eWise in 2000 and is now driving business development.
LinkedIn

 

eWise_DeanYoungDean Young, Head of Product Management

Young is based in Singapore and has more than 20 years’ experience in the financial services industry.
LinkedIn

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FinovateEurope Sneak Peek: Valuto

FinovateEurope Sneak Peek: Valuto
By David Penn Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Valuto

Valuto_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

 

Valuto offers a corporate level, multi-currency account for SMEs, a centralized location to facilitate everything from foreign exchange to sending and receiving cross-border payments.

Features

  • Domestic payouts and collections via our network of European bank accounts.
  • Free and instant payments between Valuto users.
  • Integrates seamlessly with other technology via Valuto open API

Why it’s great
Via the Valuto API, users will be able to connect their Valuto payment account to third-party systems in a safe and secure way.

Presenters

Valuto_LukaszOlekLukasz Olek, Chief Product Officer and Founder

Olek balances his time between getting key deliverables out the door in the short term, while simultaneously inspiring people around him to find ways to improve the core product.
LinkedIn

 

Valuto_MichalCzekalskiMichal Czekalski, CEO and Founder

Czekalski at age 25 started his first company, Internetowykantor.pl, leveraging the internet to help individuals and companies exchange currencies at a fraction of the cost of the incumbents.
LinkedIn

 

Valuto_MatthewHarrisMatthew Harris, International Business Developments and Partnerships

Not content with just offering Valuto to users in Poland and the Czech Republic, Harris has taken the role of expanding the brand’s reach across Europe and beyond.
LinkedIn

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FinovateEurope Sneak Peek: TaxFree4U

FinovateEurope Sneak Peek: TaxFree4U
By David Penn Posted on
Categories: B4U Tax Free Limited, FinovateEurope 2016, FinovateEurope 2016 Sneak Peek

TaxFree4U_homepage_Jan2016

FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

TaxFree4U is an innovative service that utilizes IT solutions to provide customers with the simplest and most efficient way in the market to get the VAT refunds on purchases made in the EU.

Features

  • 48-hour refund
  • Purchases available within any store in EU
  • Website and mobile apps make process almost fully-automated

Why it’s great
The main strategic course is to be present in every EU country and be fully integrated with existing customs and revenue systems in order to provide our clients with a unified VAT-refund solution.

Presenter

B4UTaxFree_AndrilLebedynetsAndrii Lebedynets, Co-Founder

Lebedynets has over a decade of experience in IT, with more than five years of successful work on startups specializing in marketing, advertising, and SEO. He has been with the project since its inception.
LinkedIn

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Fiserv Buys ACI Worldwide’s Community Financial Services Division for $200 Million

Fiserv Buys ACI Worldwide’s Community Financial Services Division for $200 Million
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fiserv

Financial services solutions provider Fiserv (NASDAQ: FISV) has agreed to purchase the Community Financial Services (CFS) arm of ebanking and payment solutions provider ACI Worldwide (NASDAQ: ACIW).

Fiserv, which reported 2013 revenues of $4.8 billion, will pay $200 million cash for CFS.

ACIWW

Included in the transaction are CFS clients as well as the company’s employees, who will join Fiserv’s workforce of 21,000.

The highlight of the deal, however, seems to be the technology. Jeffery Yabuki, Fiserv President and CEO states, “We are pleased to add these strong digital banking capabilities which will further enable financial institutions to serve their customers in today’s dynamic world.”

CFS solutions include:

  • ACI’s Architect Banking
  • SSB Internet Banking
  • WebFederal Internet Banking and Advantage Internet Banking solutions
  • Advantage Consolidated Bank Bill Pay
  • ACI Defense Services

The deal is expected to close sometime this quarter, subject to regulatory approval.

placeitCardFreeCash

Wisconsin-based Fiserv recently debuted its Mobiliti Enterprise at FinovateFall 2015. In the demo, the company showed how a user can withdraw cash from an ATM without a card by using wearable devices connected with iBeacons inside the ATM.

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LendUp Raises $150 Million in Series B, Expanded Credit Facility

LendUp Raises $150 Million in Series B, Expanded Credit Facility
By David Penn Posted on
Categories: Funding, Fundings, LendUp

LendUp_homepage_Jan2016

San Francisco-based alternative lender LendUp has raised $150 million in a combined Series B funding round and expanded credit facility.

The Series B, which involved participation from “almost all” of LendUp’s existing investors, was led by Susa Ventures and Data Collective. Victory Park Capital participated in the investment, as well as providing LendUp with a second credit facility. According to LendUp CEO Sasha Orloff, the expanded credit facility will help the company provide new “national products” and reach more customers.

LendUp_stage_FS2014

From left: LendUp Co-founder Sasha Orloff and CTO Jacob Rosenberg demonstrated their platform at FinovateSpring 2014.

Founded in 2011 and launched the following year, LendUp specializes in providing credit products to the millions of U.S. consumers who aren’t able to borrow from traditional banks. These products include the LendUp Ladder, an alternative to payday loans that helps borrowers rebuild their credit, and a new credit card business, the L Card, launched last year.

Named one of “30 Hot Fintech Startups to Watch” by Fox Business in June 2015, and earning a spot on AlwaysOn’s On Finance Top 100 in April 2015, LendUp demonstrated its platform at FinovateSpring 2014. The company has more than 130 employees and anticipates doubling staff by the end of the year.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: additiv, AdviceGames, AlphaPoint, Capital Preferences, eWise, Fiserv, LendUp, Payoneer, Socure, TaxFree4U, Tradeshift, Valuto

On Finovate.com

  • “LendUp Raises $150 Million in Series B; Expanded Credit Facility”
  • “Fiserv Buys ACI Worldwide’s Community Financial Services Division for $200 Million”

Around the web

  • Tradeshift partners with (RED) to facilitate donations to the Global Fund to fight AIDS, tuberculosis and malaria.
  • Payoneer selects AU10TIX to enhance online customer ID authentication and record generation.
  • AlphaPoint appoints Scott Scalf as EVP of Development Operations.

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.

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Finovate’s European Alums Raised More Than $350 Million in 2015

Finovate’s European Alums Raised More Than $350 Million in 2015
By David Penn Posted on
Categories: AdviceGames, Aire, Azimo, Bitbond, CashSentinel, Currency Cloud, CurrencyFair, eToro, EZBOB, Fenergo, Figo, FreeAgent, Funding, Fundings, Kantox, Kreditech, Revolut, StockViews, SumUp, TransferWise, Xpenditure

Euros_purple

Nineteen Finovate alums headquartered in Europe raised $350 million in 2015.

From the $16,000 in seed money raised by U.K. startup, StockViews, to the €82 million investment received by Germany’s Kreditech, we’ve counted every euro, pound, and dollar that investors poured into our European alums. And whether the funding represented an initial infusion of capital or was part of a multi-stage Series E round, it is clear that investors are very interested in the fintech innovations of Europe.

Take a look for yourself at the “European Portfolio” from 2015 below, featuring Finovate alums from the United Kingdom, Ireland, Germany, Switzerland, and the Netherlands.

GermanFlagGermany

 

Ireland_FlagIreland

 

Netherlands_FlagThe Netherlands

 

 

Switzerland_Flag

 

Switzerland

 

 

UK_FlagUnited Kingdom

There’s still time to join us in London for FinovateEurope! Our two-day conference returns to Old Billingsgate Market Hall, February 9 and 10. Get your tickets today and save your spot.

 

 

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Motif Investing Launches Recurring Transfers

Motif Investing Launches Recurring Transfers
By Julie Muhn (@julieschicktanz) Posted on
Categories: Motif Investing

MotifHomepage

Motif Investing, an online thematic investment broker, added a new feature today that will simplify the lives of investors.

The company now lets users set up recurring transfers to and from their Motif account. The set up is simple. Users outline criteria such as amount and frequency of ACH transfers.

MotifRecurringTransfer

Because recurring transfers are mindless, the “set it and forget it” approach of the new feature has the potential to increase assets under management for the San Mateo-based company.

Motif’s unique investment platform enables users to invest in collections of stocks and ETFs centered around ideas or investment strategies of personal interest. Late last fall the company introduced Motif Capital Management, a subsidiary that manages thematic investments for private wealth management and investment companies, endowments, and family offices.

Motif, which was founded in 2010, is currently available only to U.S. investors; however, the company has disclosed plans to launch internationally in early 2016.

MotifAdvisor

At FinovateSpring 2014, the company debuted its advisor platform (above) to help advisors build, monitor and rebalance portfolios, as well as share portfolio insights with clients.

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