FinDEVr Preview: Aerospike

FinDEVr Preview: Aerospike
By Julie Muhn (@julieschicktanz) Posted on
Categories: Aerospike, FinDEVr 2015 Preview

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms & integrations at the second annual FinDEVr on 6/7 Oct.

Aerospike will present examples of projects that are best served by their decision-engine, which is a NoSQL approach. Aerospike will highlight common data-modeling pitfalls, plusses and minuses of different NoSQL solutions, and examples of hardware deployment and costs.

 

AeroSpikeHomepage
Why it’s a must-see:
Learn how internet companies—adtech, retail, and social—have built real-time decision and pricing systems based on stateless compute-nodes and a fast, scalable NoSQL data-layer. The new stack will provide access to more data (petabytes) and supports agile, innovative algorithms and libraries that allow fintech companies to build offerings.

Check out more of today’s Previews:

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Fintech Fundings: 24 Companies Raise $560 Million Week Ending 18 Sep 2015

Fintech Fundings: 24 Companies Raise $560 Million Week Ending 18 Sep 2015
By Jim Bruene Posted on
Categories: Fundings

39872916_sThe money-flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. It was the eighth week this year that total fundings surpassed the $500-million mark. Year-to-date fintech firms have raised $13 billion.

The total included one new alum, Praesidio, which will be presenting its security and fraud-control integrations at next month’s FinDEVr. The Seattle-based startup raised $3 million to bring its total funding to $5.3 million. Also, long-time alum Alkami Technology picked up $11 million on Friday to further their e-banking solutions business.

Here are the fundings by size from 12 Sep to 18 Sep 2015:

AvidXchange
Automated billpay and accounts-payables solutions
HQ: Charlotte, North Carolina
Latest round: $225 million Series E
Total raised: $225+ million
Tags: Bill payment, accounting, SMB, payments, billing
Source: Crunchbase

Clover Health
Health insurance targeting seniors
HQ: San Francisco, California
Latest round: $100 million
Total raised: $100 million
Tags: Consumer, health insurance, seniors
Source: Crunchbase

LightSpeed
Point-of-sale system
HQ: Montreal, Canada
Latest round: $61 million
Total raised: $126 million
Tags: SMB, payments, POS, acquiring, merchants
Source: Crunchbase

Compass
Real estate marketplace
HQ: New York City, New York
Latest round: $50 million
Total raised: $123 million
Tags: Consumer, home buying, mortgage
Source: Crunchbase

Oscar
Health insurance
HQ: New York City, New York
Latest round: $32.5 million
Total raised: $327.5 million
Tags: Consumer, health insurance, SMB, Google (investor)
Source: Crunchbase

Aspiration
Online investment platform
HQ: Marina Del Rey, California
Latest round: $15.5 million
Total raised: $20 million
Tags: Consumer, investing, socially conscious, low-fee, wealth management
Source: FT Partners

Lumity
Health insurance selection for enterprises
HQ: San Mateo, California
Latest round: $14 million
Total raised: $14 million
Tags: Enterprise, SMB, insurance, benefits, human resources, HR
Source: Crunchbase

Fundera
Small-business loan marketplace
HQ: New York City, New York
Latest round: $11.5 million Series B
Total raised: $14.9 million
Tags: SMB, lending, commercial loans, lead gen
Source: Crunchbase

Alkami Technology
Digital banking solutions
HQ: Oklahoma City, Oklahoma
Latest round: $11 million
Total raised: $54 million
Tags: Online banking, mobile, Finovate alum
Source: FT Partners

Compte Nickel
French neo-bank
HQ: France
Latest round: $11.5 million
Total raised: $11.5 million
Tags: Consumer, debit card, banking, transaction account
Source: FT Partners

MarketInvoice
Receivables financing marketplace lender
HQ: London, England, United Kingdom
Latest round: $7.7 million
Total raised: $28.1 million
Tags: SMB, lending, underwriting, P2P, peer-to-peer, investing
Source: Crunchbase

Mighty
Financing to plaintiffs awaiting legal settlments
HQ: New York City, New York
Latest round: $5.3 million Series A
Total raised: $5.3 million
Tags: Consumer, legal, lending, loans, credit
Source: Crunchbase

Auger
Open-source predictions marketplace
HQ: San Francisco, California
Latest round: $4.7 million
Total raised: $4.7 million
Tags: Cryptocurrency, blockchain, Ethereum, security, payments
Source: Crunchbase

Satispay
Mobile payments
HQ: Milan, Italy
Latest round: $3.5 million
Total raised: $11.2 million
Tags: Consumer, payments, mobile, SMB
Source: Crunchbase

Praesidio
Cloud-based security for financial institutions
HQ: Seattle, Washington
Latest round: $3 million
Total raised: $5.3 million
Tags: Enterprise, security, fraud, risk management, FinDevR 2015 presenter
Source: Crunchbase

CompareIt4Me
Financial services comparison site
HQ: Dubai
Latest round: $3 million
Total raised: $3.3 million
Tags: Consumer, personal finance, price comparison, lead generation
Source: Crunchbase

PeerIQ
Risk management for P2P lending
HQ: New York City, New York
Latest round: $2.5 million
Total raised: $8.5 million
Tags: Enterprise, lending, credit, underwriting, peer-to-peer
Source: Crunchbase

AlphaClone
Stock trading strategies
HQ: San Francisco, California
Latest round: $2.3 million Series A
Total raised: $4.6 million
Tags: Consumer, advisers, investing, trading, wealth management
Source: Crunchbase

Bux
Simple mobile-trading app
HQ: Amsterdam, Netherlands
Latest round: $1.9 million
Total raised: $3.8 million
Tags: Consumer, trading, mobile, investing
Source: Crunchbase

Advizr
Financial planning software
HQ: New York City, New York
Latest round: $1.7 million Seed
Total raised: $1.7 million
Tags: Advisers, wealth management, personal financial management
Source: Crunchbase

Besepa
Direct debit management services
HQ: Madrid, Spain
Latest round: $200,000
Total raised: $300,000
Tags: Payments, billpay, SMB, accounts receivables, invoicing, billing
Source: Crunchbase

EquityZen
Secondary market for private equity
HQ: New York City, New York
Latest round: Undisclosed
Total raised: Unknown
Tags: Investing, private companies, trading, SMB
Source: Crunchbase

Mubble
Automatic bill payment for prepaid cards
HQ: Bangalore, India
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, prepaid, debit cards, payments, billpay
Source: Crunchbase

RateGator
Mortgage marketplace
HQ: Saratoga Springs, New York
Latest round: Undisclosed
Total raised: Unknown
Tags: Consumer, lead gen, lending, mortgage
Source: Crunchbase

—–

Graphic image licensed from 123rf.com

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Coinalytics Earns $1 Million in Seed Funding from The Hive

Coinalytics Earns $1 Million in Seed Funding from The Hive
By David Penn Posted on
Categories: Coinalytics, Funding, Fundings

Coinalytics_homepage_Sep2015

Feeling sour on cybercurrencies? Coinalytics now has one million more reasons why you should be a blockchain—if not Bitcoin—believer.

The Palo Alto-based blockchain-analytics specialist has raised $1.1 million in seed funding from The Hive. The Hive is an incubator that specializes in working with companies that develop technologies for “data-intensive enterprises.” And these days, when you hear “data-intensive,” think blockchain. According to Fabio Federici, Coinalytics CEO, technologies like those built by his company will play a major role in “break(ing) down a significant barrier for mainstream adoption of the blockchain.”

Coinalytics has developed a platform that helps businesses gain valuable intelligence, analytics, and risk assessment from the blockchain. The platform relies on advanced machine learning, pattern recognition, and distributed systems, providing businesses in industries ranging from online payments to financial services with real-time transaction information that is both secure and private.

The investment takes the company’s total capital to $1.3 million raised in three rounds.

While blockchain is synonymous with Bitcoin for many, Federici pointed out that the virtues of the blockchain extend beyond Bitcoin, potentially to any instance where value is exchanged, including not only financial services, but also supply-chain management and the internet of things.

FinDEVr2015LogoV2DateFounded in 2014, Coinalytics will use the new capital to drive growth, including building out technology and sales teams. Coinalytics will make its FinDEVr debut next month in San Francisco.

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FinovateFall 2015: A Week in Tweets

By David Penn Posted on
Categories: FinovateFall 2015

TwitterLogo_blue_newAfter every Finovate, it’s always fun to re-visit the event through the insight and wit of our community of passionate fintech professionals on Twitter. And FinovateFall 2015 is no different.

Surprise and excite our savvy family of more than 23,000 followers on Twitter with your demo, and the accolades will come early and often. On the other hand, woe unto the unfortunate presenter who fails to grab the audience’s attention within the first 60 to 90 seconds.

Fair, but firm. Tough, but tolerant of the occasional gaffe or mid-demo technology hiccup. Often irreverent, but always ready to give a tip of the hat to true innovation, that’s our crowd. And the truth is, our Finovate conferences just wouldn’t be the same without ’em.

So let’s take a look at some of the more creative, colorful, and consequential tweets of the FinovateFall 2015 week that was. And be sure to make us a part of your Twitter community by following us @finovate.

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Finovate Alumni News

By David Penn Posted on
Categories: Aerospike, Boku, Cachet Financial Solutions, Corezoid, edo Interactive, Enterprise Engineering, Gusto, Handpoint, Matchi, Prosper, Stratos, WePay, ZenPayroll

On Finovate.com

Around the web

  • edo Interactive brings its card-linking technology to the Rewards Network.
  • ZenPayroll changes its name to “Gusto,” adds health care and worker’s compensation to its services.
  • Boku partners with Japan’s Ueshima Coffee Company to allow customers to top up coffee cards using their mobile phones.
  • Cachet Financial Solutions receives approval from its issuing bank and MasterCard to offer Select Mobile Money for corporate clients.
  • KPMG and Matchi form alliance to enhance access to financial innovation.
  • Radius Bank partners with Prosper to direct customers interested in personal loans to the marketplace lender and receive referral fees.
  • Eastern Bank to pilot Stratos partner program.
  • Handpoint receives undisclosed investment from Icelandic VCs Eyrir Sprotar and Frumtak to fuel U.S. expansion.
  • WePay launches ACH-transfer capability to expand its payment-type platforms offered to customers.

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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Finovate Alumni News

By David Penn Posted on
Categories: Azimo, i-exceed, Intuit, On Deck Capital, TransferTo

On Finovate.com

  • “FinovateFall 2015 Best of Show Winners announced“

Around the web

  • OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October.
  • The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India.
  • Azimo and TransferTo team up to provide mobile top-up services in more than 100 countries.

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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FinovateFall 2015 Best of Show Winners Announced

FinovateFall 2015 Best of Show Winners Announced
By David Penn Posted on
Categories: Best of Show, Blockstack.io, Dyme, Dynamics, Finanteq, FinovateFall 2015, Hedgeable, HelloWallet, SaleMove, Soundpays

BoS_TrophiesShot_FF2015

The Best of Show votes for FinovateFall 2015 have been cast and counted! After two days and 70 live demos of the latest in fintech innovation, our attendees made their opinions known as to which companies earned “Best of Show” (see footnotes for voting methodology).

This year at FinovateFall, it was the debuting companies that made some of the biggest impressions on our record-setting Finovate audience. Of the eight companies to take home “Best of Show” honors, five of them were making their very first appearance on the Finovate stage.

So with a hearty “Congratulations!” let’s meet the Best of Show winners of FinovateFall 2015 (in alphabetic order):

BlockstackioLogoBlockstack.io for its technology that enables financial services and other enterprises to set up and build applications on a private, hosted blockchain.

 

dymeDyme for its innovative method for helping people start a savings habit and fund their life using text messaging.

DynamicsLogoDynamics for its fully programmable interfaces—stripe, EMV, NFC—for use in next-generation payment cards.

 

FINANTEQLogoFinanteq for its SuperWallet that helps banks take full advantage of their potential by integrating m-commerce and remote services with mobile banking.

HedgeableLogoHedgeable for its private banking platform for millennials.

 

HelloWalletLogoHelloWallet for its Retirement Explorer solution, an approachable and actionable online planning tool that helps employees model and work toward specific retirement outcomes.

SaleMoveSaleMove for its Engagement Platform and OmniCall technologies that enable online consumers to engage live with businesses as if they were face-to-face.

Soundpays_logo_FF2015Soundpays for its patent-pending technology that allows the app to recognize ultrasonic and sonic waveforms even in extremely noisy environments.

We had a great time at FinovateFall 2015 and hope you enjoyed the show, as well. Thanks, as always, to everyone who attended, sponsored, partnered with and demonstrated their latest technologies at FinovateFall 2015. We’ll see you next year!

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate the companies on the basis of demo quality and potential impact of the innovation demoed.”
4. The eight companies appearing on the highest percentage of submitted ballot were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from FinovateEurope 2015 are here. Best of Show winners from FinovateSpring 2015 are here.

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ArcBit Presents BitCoin Wallet, Gives Consumers a “Bank In Your Pocket”

ArcBit Presents BitCoin Wallet, Gives Consumers a “Bank In Your Pocket”
By David Penn Posted on
Categories: ArcBit, FinovateFall 2015

ArcBitThis post is part of our live coverage of FinovateFall 2015.

Our final presentation of FinovateFall is up next. Here’s the team from ArcBit.

Your bank in your pocket, and your money safely in your control, that’s the way banking should be. ArcBit Wallet is a mobile application that gives you full control over your bitcoins. With the ArcBit Wallet, you can send and receive bitcoins from anywhere in the world to anywhere in the world. It is basically a bank in your pocket.

Presenters: Tim Lee, founder, and Cameron P., developer

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Product launch: June 2015

Metrics: 4 employees, has not yet pursued outside investment
Product distribution strategy: Direct to consumer (B2C)

HQ: New York City, New York
Founded: June 2015
Website: arcbit.io
Twitter: @arc_bit

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Dynamics Debuts Improvements to Next-gen Payment Card

Dynamics Debuts Improvements to Next-gen Payment Card
By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

DynamicsLogoDynamics debuted a new program for its next-generation payment card:

The company’s commercial applications are the world’s first fully card-programmable payment interfaces—stripe, EMV, NFC—for use in next-generation payment cards.

Presenter: Jeff Mullen, CEO and founder

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Metrics: $110 million raised; 200 employees
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Cheswick, Pennsylvania
Founded: November 2007
Website: dynamicsinc.com
Twitter: @dynamicsinc

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Ephesoft Enables Companies to Leverage Unstructured Data into Better Decision-Making Processes

Ephesoft Enables Companies to Leverage Unstructured Data into Better Decision-Making Processes
By David Penn Posted on
Categories: Ephesoft, FinovateFall 2015

EphesoftThis post is part of our live coverage of FinovateFall 2015.

Making their way to the stage is Ephesoft.

Ephesoft Universe mines document-stores for information that can be charted, graphed, studied, and compared to help users make better financial decisions. It is the first application to leverage big data tools like Hadoop and Spark to classify documents and extract meaning from them, allowing companies to incorporate unstructured data into decision-making processes. Ephesoft Universe takes access to and manipulation of these vast information streams out of the hands of data scientists and onto the desks of business and financial analysts.

Presenters: Director of Marketing Tim Dubes and CTO Ike Kavas

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Product launch: September 2015
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms, licensed

HQ: Laguna Hills, California
Founded: November 2010
Website: ephesoft.com
Twitter: @Ephesoft

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Voitrax Captures and Organizes Voice, Text to Ensure Full Dodd-Frank Compliance

Voitrax Captures and Organizes Voice, Text to Ensure Full Dodd-Frank Compliance
By David Penn Posted on
Categories: FinovateFall 2015, Voitrax

VoitraxThis post is part of our live coverage of FinovateFall 2015.

Coming to the stage next is the team from Voitrax.

The Voitrax platform captures voice, text, and other communication records and accurately organizes and stores them to ensure complete compliance with Dodd-Frank regulatory requests. The system uses a unique blend of advanced technologies to reconstruct swap trades. Our solution addresses the direct needs of Dodd-Frank 1.35a and 23.201-3.

Presenters: CEO Levi Orbach; COO Craig Eagle; CTO Moshe Rayman

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Product launch: September 2015
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms

HQ: Jerusalem, Israel; New York City, New York
Founded: October 2015
Website: voitrax.com
Twitter: @VoitraxInc

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RedCloud Launches RedCloud 1 to Offer a Mobile Transaction Engine

RedCloud Launches RedCloud 1 to Offer a Mobile Transaction Engine
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2015, RedCloud

This post is part of our live coverage of FinovateFall 2015.

RedCloudTechnologyLogoRedCloud Technology launches its RedCloud 1 Platform:

Available on-site, off-site, or as a hybrid cloud solution, RedCloud 1 enables organizations to launch highly disruptive financial services and provides an immensely powerful and flexible transaction engine and processing platform delivered through mobile devices. While the Financial Service Cloud (payments, savings, and/or loans) is our flagship product, we also have Agent, Merchant, and Insurance Clouds.

Separate or combined, our clouds empower banks, mobile network operators, insurers, and fintech companies that process payments with the ability to get a powerful, user-friendly digital offering in to the hands of their customers, positioning them as an innovator. Our clouds are available through a pay-as-you-grow pricing model.

Presenters: Justin Floyd, founder of Red Cloud, and Matthew Smith, product manager

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Product launch: October 2015
Product distribution strategy: Direct to business (B2B); through financial institutions; through other FinTech companies and platforms; licensed

HQ: London, United Kingdom
Founded: February 2014
Website: redcloudtechnology.com
Twitter: @RedCloudTech

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