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Finovate Alumni News

By David Penn Posted on September 11, 2015
Categories: Aurora Financial Systems, BankGuard, BehavioSec, Cachet Financial Solutions, Currency Cloud, DoubleNet Pay, Evo Snap*, Fidor Bank, Finicity, Interxion, Konto X, Mitek, SafetyPay, Temenos, Vantiv, Xignite

On Finovate.com

Take a look at our latest FinDEVr Previews featuring:
- Xignite
- BehavioSec
- EVO Snap*
- Interxion
- Fidor Bank
- BankGuard
- Currency Cloud
- Mitek
- Konto X

“Finicity Acquires Aurora Financial Systems”

Around the web

Temenos and Accenture team up to help Nordea replace its core banking system.

Vantiv named as merchant services solution provider for Rabobank.

Let’s Talk Payments interviews Currency Cloud CEO Mike Laven. Join Currency Cloud in October for FinDEVr 2015 San Francisco.

Cachet Financial Solutions unveils its Select Mobile Money turnkey payroll program for corporate clients.

Checkout.com adds SafetyPay to its list of payment options for merchants in the Latin American market.

BankNXT encourages banks to follow the lead of Fidor Bank when it comes to “community and openness.” Join Fidor Bank in San Francisco for FinDEVr 2015.

Human Resource Executive Online highlights DoubleNet Pay in a look at financial wellness programs in the workplace.

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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Fintech Fundings: 18 Companies Raise $210 Million Week Ending 11 Sep 2015

By Jim Bruene Posted on September 10, 2015
Categories: Uncategorized

Ahead of Finovate next week, it was a lively few days with 18 companies receiving cash inflows totaling $207.6 million. The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil); CommonBond ($35 mil); Orchard Platform ($30 million); and one financial-institution-supported blockchain startup: Chain ($35 mil).

Finovate alum Trunomi raised $3 million, while FinDEVr charter-alum Coinlytics raised an undisclosed amount.

The $208 million this week brings total 2015 YTD fintech fundings to $12.4 billion. Following are the fundings from 4 Sep to 10 Sep 2015 by size:

FundBox
Accounts receivable financing for small businesses
HQ: San Francisco, California
Latest round: $50 million Series C
Total raised: $107.5 million
Tags: SMB, credit, accounts receivables, accounting, SMB
Source: Crunchbase

CommonBond
Crowdfunded student loans
HQ: New York City, New York
Latest round: $35 million Series B
Total raised: $196 million ($150 million debt; $46 million equity)
Tags: Student loans, credit, underwriting, P2P, investing
Source: Crunchbase

Chain
Enterprise blockchain technology
HQ: San Francisco, California
Latest round: $30 million Series B
Total raised: $43.7 million
Tags: Development platform, bitcoin, blockchain technology, investors (Visa, Capital One, Fiserv, Citibank)
Source: Wall Street Journal

Orchard Platform
Powering marketplace lending
HQ: New York City, New York
Latest round: $30 million
Total raised: $44.7 million
Tags: Lending, credit, developers, APIs, P2P loans, crowdfunding debt, enterprise
Source: FT Partners

DISCERN
Investment information for professional investors
HQ: San Francisco, California
Latest round: $20 million Series A
Total raised: $20 million
Tags: Investing, SaaS, big data, analytics
Source: FT Partners

Abra
Crowdsourced remittances
HQ: Silicon Valley, California
Latest round: $12 million Series A
Total raised: $14 million
Tags: Remittances, P2P payments, person-to-person
Source: Coinbase

NEFT LLC (mPowerCredit)
Credit tools for consumers
HQ: Newport Beach, California
Latest round: $10 million
Total raised: $ million
Tags: Credit score, consumer, lending
Source: Marketwatch

Deposit Solutions
Retail deposit savings account management for FIs
HQ: Hamburg, Germany
Latest round: $6.1 million
Total raised: Unknown
Tags: Deposit, banking, real estate, core solutions, enterprise
Source: FT Partners

Trading Ticket
User-friendly consumer trading service, TradeIt
HQ: New York City, New York
Latest round: $4 million Seed
Total raised: $4 million
Tags: Investing, stocks, trading, mobile, UI, consumer, Citibank (investor)
Source: Crunchbase

Trunomi
KYC systems
HQ: Hamilton, Bermuda
Latest round: $3.0 million
Total raised: $5.3 million
Tags: Security, KYC, compliance, Finovate alum
Source: Finovate

FeeX
Fee discovery for individual investors
HQ: New York City, New York
Latest round: $2.8 million
Total raised: $12.3 million
Tags: Consumer, investing, 401(k), mutual funds, 403(b), fees, lead gen
Source: Crunchbase

Shapeshift
Cyrptocurrency exchange
HQ: Zug, Switzerland
Latest round: $1.6 million
Total raised: $2.4 million
Tags: Cryptocurrency, bitcoin, altcoin
Source: TechCrunch

PractiFI
Wealth management solutions
HQ: Sydney, Australia
Latest round: $1.1 million
Total raised: $1.1 million
Tags: Investing, asset management, advisers
Source: FT Partners

Case Wallet (aka Cryptolabs)
Bitcoin wallet (hardware)
Latest round: $1.0 million
Total raised: $3.2 million
Tags: Payments, P2P pay, remittances, hardware, consumer
Source: WhoGotFunded.com

Sindeo
Online mortgage adviser
HQ: San Francisco, California
Latest round: $550,000
Total raised: $7.05 million
Tags: Mortgage, lending, lead gen, loans
Source: WhoGotFunded

MockBank
Banking job exam preparation
HQ: Bangalore, India
Latest round: $400,000 Seed
Total raised: $400,000
Tags: Human resources, regulation, enterprise, bank management, compliance
Source: Crunchbase

Coinalytics
Blockchain intelligence
HQ: Mountain View, California
Latest round: Undisclosed Seed
Total raised: $200,000+
Tags: Bitcoin, blockchain, analytics, cryptocurrency, FinDEVr alum
Source: FT Partners

Abide Financial
Regulatory reporting solutions
HQ: London, England, United Kingdom
Latest round: Undisclosed
Total raised: Unknown
Tags: Regulations, compliance, enterprise, bank management
Source: FT Partners

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FinovateFall Sneak Peek: Hypori

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, Hypori

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in NYC!

Hypori’s VMI provides remote access to Android virtual machines running in the cloud, solving BYOD challenges with a secure and separate OS.

Features:

Security: Separate OS in the cloud
Support: Single gold disk of Android to manage
Privacy: Like any other mobile app, avoids managing the personal device

Why it’s great
VMI: a mobile-first solution for a security-first mindset. Providing a virtual mobile device running in the cloud, enterprise-owned and -secured.

Presenters

Justin Marston, CEO, Co-founder
Marston is a seasoned entrepreneur and holds multiple patents. He is a published author and a frequent speaker at international conferences.
LinkedIn

Joel Schopp, Senior Software Developer
Schopp has 14 years of experience in virtualization; he previously was a virtualization architect at IBM and AMD.
LinkedIn

Phil Kumnick, SVP of Global Acquirer Processing, Visa
Kumnick is responsible for acquiring products and services, processing strategies for mobile POS, and for partnerships that drive acceptance.
LinkedIn

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FinovateFall Sneak Peek: LiftForward

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, LiftForward

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

LiftForward will show its technology-as-a-service financing platform for manufacturers, suppliers, and retailers. TaaSLift provides a plug-and-play method for businesses to offer their small-business customers products-as-a-service.

Features:

Turns a one-time purchase into a subscription service
Increases sales and repeat purchases
Increases customer loyalty

Why it’s great
By replacing expensive, one-time purchases with affordable subscriptions, TaaSLift helps companies increase sales while strengthening customer relationships.

Presenters

Jeffrey Rogers, CEO
Rogers has more than 20 years of experience in building companies. His disciplines include technology, e-commerce, finance and operations.
LinkedIn

Michael Grassotti, CTO
Grassotti has more than 20 years of experience as a technology-focused entrepreneur with experience recruiting and leading tech teams, and taking products from idea to market.
LinkedIn

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FinovateFall Sneak Peek: HelloWallet

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, HelloWallet

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

HelloWallet provides independent, personalized financial guidance to individuals through web and mobile-based software applications.

Features:

Provides straightforward, sophisticated retirement guidance
Enables both modeling and committing to a new retirement plan
Integrates seamlessly with other technology

Why it’s great
With Retirement Explorer, individuals can model multiple retirement scenarios and also implement a new plan with a single click, due to partner integrations.

Presenters

Matt Fellowes, Chief Innovation Officer at Morningstar, Founder of HelloWallet
Fellowes has been named a “Game Changer” and a “Tech Titan” for building companies and innovations that help all Americans achieve financial mobility.
LinkedIn

Andrew Vincent, Senior Product Manager
Vincent is passionate about building engaging products that solve user problems and make life better. This is evident in the the work he has done in education, construction, and financial technology.
LinkedIn

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FinovateFall Sneak Peek: InforcePRO

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: FinovateFall 2015, FinovateFall 2015 Sneak Peek, InforcePRO

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

InforcePRO will show a post-sale life insurance policyholder platform which enables one-click policy reviews by highlighting issues and opportunities in real time.

Features:

One-click policy reviews with conversion options, UL funding tracking, etc. on life insurance Inforce book
No manual effort in data acquisition
Orphan policyholders engagement

Why it’s great
Post-sale life insurance policyholder engagement simplified through automated in-force policy annual reviews.

Presenters

Karan Kanodia, Co-Founder
Kanodia is co-founder of InforcePro and is responsible for the overall strategic direction as well as designing the product architecture and leading InforcePro’s development teams.
LinkedIn

Cameron Jacox, Co-founder
Jacox is responsible for sales and marketing management, working to achieve profitability for clients such as ScotiaBank, Desjardins, and Financial Horizons.
LinkedIn

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FinovateFall Sneak Peek: Dealflow.com

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: Dealflow, FinovateFall 2015, FinovateFall 2015 Sneak Peek

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

Dealflow.com is building a deal portal for institutional investors and professional deal-makers.

Features:

Multi-asset class platform
Targeted algorithmic outreach
9,000 applications for membership pre-launch

Why it’s great
It is solving the largest problem in the business of raising capital with software that creates targeted outreach to institutional investors.

Presenter

Steven Dresner, CEO
Dresner is founder and CEO of Dealflow.com and is responsible for corporate strategy; he has started, managed, and sold two successful companies.
LinkedIn

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FinovateFall Sneak Peek: additiv

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: additiv, FinovateFall 2015, FinovateFall 2015 Sneak Peek

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

Additiv is based on a powerful platform. Additiv Digital Finance Suite (DFS) conceptualizes and implements digital innovation and business models for the financial services market, banking and insurance.

Features of DFS:

Additiv DFS: digitization realized fast and efficiently
Offers references for full self-service, hybrid, or personal adviser-focused solutions
Focuses on the private, retail, mass affluent and insurance markets

Why it’s great
Time is money. Additiv DFS has implemented innovative solutions in a very short amount of time for many customers. It starts with rapid prototyping to get a fully functional solution in six weeks.

Presenter

Michael Stemmle, Founder, Owner and CEO
Stemmle is a long-term consultant with a focus on the development and implementation of business, sales and distribution strategies for the financial and insurance industries.
LinkedIn

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FinovateFall Sneak Peek: Empyr

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: Empyr, FinovateFall 2015, FinovateFall 2015 Sneak Peek

The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York on 16/17 September!

Empyr is an online-to-offline ad platform created for publishers such as banks and card issuers.

Features of Empyr:

Your consumers get cash back at restaurants, gas, grocery etc.
Banks earn revenue from each transaction
It works with any debit or credit card

Why it’s great
The vast majority of commerce—93%, or more than $4 trillion dollars—is offline. Yet, there is no simple way to track a customer from the point of seeing an ad online to making a purchase offline, known as online-to-offline commerce.

Presenter

Jon Carder, Founder and CEO
Carder is a serial internet entrepreneur who, by the age of 30, had founded three multimillion-dollar online businesses. The most successful, ClientShop, was sold to Internet Brands in 2006 for $10+ million dollars.
LinkedIn

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FinovateFall Sneak Peek: Finanteq

By Julie Muhn (@julieschicktanz) Posted on September 10, 2015
Categories: Finanteq, FinovateFall 2015, FinovateFall 2015 Sneak Peek

The Sneak Peek series looks at the innovators demoing live onstage to 1,500 execs at FinovateFall. Last chance for tickets!

Finanteq is continually helping innovative financial institutions win in mobile.

Features:

Next-generation mobile banking
Offers real value over banking and payments
Simplifies customers’ everyday lives

Why it’s great
Superwallets transform m-banking into an m-commerce platform.

Presenters

Kate Miroslaw, Key Account Manager
LinkedIn

Tomasz Perski, m-Commerce Operations Manager
LinkedIn

Artur Małek, Marketing Manager
LinkedIn

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FinDEVr Preview: Kontomatik

By David Penn Posted on September 10, 2015
Categories: FinDEVr 2015, FinDEVr 2015 Preview, FinDEVr 2015 San Francisco

FinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at FinDEVr 2015 San Francisco, 6/7 Oct. Early bird savings end Friday, so pick up your tickets today.

The presentation from Kontomatik will cover current issues in banking and how Banking API can help this sector to further progress. A possible integration system—OnPremise, SaaS, Client-side—will also be explained. Legal aspects, especially PSD II, will be touched upon as well.

Why it’s a must see

We will explain the whole set of benefits derived from the integration of Banking API. Various integration options and their pros and cons will be explained, too.

Check out more of today’s FinDEVr previews:

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FinDEVr Preview: Mitek

By David Penn Posted on September 10, 2015
Categories: FinDEVr 2015, FinDEVr 2015 Preview, FinDEVr 2015 San Francisco, Mitek

FinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at FinDEVr 2015 San Francisco, 6/7 Oct. Early bird savings end Friday, so pick up your tickets today.

We’ll provide a behind-the-scenes look at Mitek’s patented image-capture and computer-vision technology powering our Mobile Deposit and Photo Fill products used by nearly 50 million users. We’ll also touch on our unique MiSnap auto-capture SDK.

Why it’s a must see

Come check out Mitek’s advanced image-capture and computer-vision technologies. Once available only to financial services, Mitek technologies are now open to developers across all industries via the Mitek developer program. Learn how to make removing friction as easy as a photo-snap in your customer experience.

Check out more of today’s FinDEVr previews:

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