Blog - Page 771 of 1203

LendKey to Power Online Student Lending at Navy Federal Credit Union

By David Penn Posted on April 22, 2015
Categories: LendKey

Navy Federal Credit Union, the largest credit union in the world, is making a splash in the student-loan market with news that its online student lending program will be powered by LendKey.

Aaron Aggerwal, assistant vice president of education lending at Navy Federal, says, “We’re excited to provide students, and their families, the funding they need for school when federal loans, grants, and scholarships are not enough.”

“LendKey’s customizable platform was the right solution for our members and the implementation process ran very smoothly,” he adds.

Using LendKey’s technology, Navy Federal CU will provide both consolidation and private student loans to its members. Navy Federal CU has over $64 billion in assets and more than 5 million members. The institution serves active duty civilian and contractor personnel and their families working with the Department of Defense and Coast Guard.

LendKey has more than 300 community banks and credit unions using the platform, providing loans to more than 35,000 consumers. Founded in 2009 and headquartered in New York, LendKey announced earlier this month a commitment of up to $1 billion from MidCap Financial to purchase students’ consolidation loans originated on the LendKey platform. The company inked a deal with TrueCar to integrate auto buying and lending in March, and another student lending partnership, with the Western Independent Bankers, in September. Vince Passione is founder and CEO.

LendKey is scheduled to make its Finovate debut at FinovateSpring 2015 in San Jose next month. To see them live on stage, pick up your tickets to our spring conference today.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on April 22, 2015
Categories: Bazaarvoice, Betterment, blooom, Credit Karma, D3 Banking, Fiserv, FutureAdvisor, InComm, LendKey, Linkable Networks, Motif Investing, Quantopian, Stocktwits, Tradier, Trustev, TSYS, Wallaby Financial, Wealthfront

On Finovate.com

FinDEVr 2015 San Francisco: We’re Bringing Builders Back

LendKey to Power Online Student Lending at Navy Federal Credit Union. See LendKey at FinovateSpring 2015 in San Jose in May

Credit Karma Now Serves Americans with Thin Credit Files

Around the web

D3 Banking taps Jeffrey Hale as chief business development officer.

Business & Leadership features “Irish success story” Trustev and its CEO and co-founder, Pat Phelan.

MarketWatch looks at Betterment, Blooom, FutureAdvisor, Motif Investing, and Wealthfront in its column on the “battle” between human and robo-advisers.

Northwest Community Credit Union to deploy Portico from Fiserv.

Wallaby Financial launches Wallaby for Apple Watch.

TSYS enables full-service payment-processing for American Express OptBlue program.

Bazaarvoice hires Sara Spivey as its new chief marketing officer.

WSJ mentions StockTwits’ role in social media for investing.

Fierce Finance IT: Tradier’s API platform sees explosion of firms looking to build robo-advisers.

Linkable Networks launches Omnyverse affiliate network with digital offers, promotions and incentives.

InComm enables Budget Mobile to offer Airfair Lifeline Reload services through 90,000 retail stores.

StockTwits collaborates with Quantopian.

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.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring 2015 Sneak Peek: Part 5

By Julie Muhn (@julieschicktanz) Posted on April 21, 2015
Categories: DarcMatter, Digital Insight, Emailage, FinovateSpring 2015, FinovateSpring 2015 Sneak Peek, Hedgeable, Moven, RAGE, Shoeboxed

FinovateSpring’s 72 fintech innovators have 3 weeks left to perfect their live demos before debuting their new technology on stage 12/13 May in San Jose, Calif. That means there’s still some time left for you to pick up a ticket and take a closer look at the types of technology you’ll see demonstrated live at San Jose’s City National Civic.

Today, we’re featuring seven companies:

Check out the previous installments of our Sneak Peek series below. And stayed tuned for Part 6 on Thursday:

DarcMatter is an online platform solving inefficiencies in the alternative-investments market through enhanced capital connectivity, data-driven investing, and advanced syndication.

Features:

Institutional-level access to prescreened and compliant alternative investments
Issuers are empowered to raise capital on their own
Over $100 billion of investor capital

Why it’s great
DarcMatter provides an infrastructure for the alternatives market and enhances the capital process from start to finish.

Presenters

Sang Lee, CEO & Founder
Formerly an investment banker in the energy field at WestLB and BNP Paribas, Lee has accrued a wealth of expertise in financial regulation, business, and financial structuring.
LinkedIn

Stan Solodkyy, CTO
Solodkyy has experience from integration of financial institutions with the SWIFT network to providing software consultancy to world-leading brands.
LinkedIn

Digital Insight will illustrate the use of beacons within its mobile banking app, creating a more personal, relevant, and contextual experience based on a user’s location.

Features:

Personalizes a user’s experience in banking branches
Provides financial institutions relevant, timely information to engage with users more effectively

Why it’s great
Digital Insight is designing more personal, relevant, and contextual experiences based on knowing a user’s location.

Presenters

Marshall Yuan, Senior Product Manager, DI Labs
Yuan is senior product manager at DI Labs where he leads experimentation in new solutions to help financial institutions engage and delight their end users.
LinkedIn

Ronald Leung, Engineering Lead, DI Labs
Leung is the engineering lead at DI Labs where he has been working with financial institutions to build innovative solutions and user experiences.
LinkedIn

Emailage uses email as a key data-element for detecting fraud trends across industries and regions. Emailage’s machine-learning algorithms detect fraud in real time.

Features:

Analyze any email address on any web site
90% confirmed fraud has not been previously detected
Real-time fraud score based on current trends

Why it’s great
No sensitive, transactional data is ever shared or stored by Emailage. It requires only an email address to provide an extremely precise risk assessment.

Presenter

Amador Testa, Chief Product Officer
Testa is Emailage’s CPO and has 15 years experience in financial fraud prevention. Prior to Emailage, Amador was a leader for AMEX and Citigroup.
LinkedIn

Hedgeable is a robo-adviser on steroids.

Features:

Advanced portfolio customization and sophistication
Downside risk protection
Access to alternatives

Why it’s great
First generation robo-advisers are cookie-cutter, like Altavista; Hedgeable is innovating like Google.

Presenters

Matthew Kane, Co-founder & Chief Ninja
Kane is co-founder and CTO of Hedgeable where he leads all product, design, UI/UX, development, and strategy initiatives.
LinkedIn

Michael Kane, Co-founder & Head Sensei
Kane is co-founder and CEO of Hedgeable where he leads all investment-management and business-development duties. Previously at Bridgewater Associates.
LinkedIn

Moven is a disruptive digital experience and debit card designed to provide real-time feedback so users can build better money habits and save more.

Features:

Frictionless account onboarding with incremental prospecting
A real-time financial wellness experience driving customer engagement
A global, agile, and scalable platform for international banks

Why it’s great
Moven has created real-time, contextualized notifications to gamify savings and create a behaviorally driven experience that goes beyond traditional goal-based paradigms.

Presenters

Brett King, CEO, Founder
King is an Amazon best-selling author, well-known industry commentator, host of the BREAKING BANK$ radio show and founder of revolutionary mobile-based banking service Moven.
LinkedIn

Alex Sion, President, Co-founder
Sion is President of Moven and an adviser on digital strategy and disruption to global financial leaders such as HSBC, Citi, and Barclays.
LinkedIn

RAGE Frameworks’ LiveCredit is a flexible, scalable origination and servicing solution that enables the design and launch of any financing product, end-to-end, from origination to underwriting to booking and service.

Features:

Dynamic Product Configurator enables new products without custom coding
Scalable origination and servicing
Enables flexible financing, accounting and compliance

Why it’s great
Its framework-based approach empowers unprecedented flexibility and market-leading, time-to-market deployment.

Presenters

Nick Adams, Vice President, Risk Solutions
Adams runs business development for LiveCredit and is a 10+ year veteran of startups and multinational companies. He holds a bachelor’s degree from Brandeis University and an MBA in finance from Northeastern.
LinkedIn

Aashish Mehta, SVP, Business Banking Solutions
Mehta is responsible for all LiveCredit business operations. He sits on the management team and has been with RAGE for nearly 10 years.
LinkedIn

Shoeboxed is launching the next banking standard. The pioneers in email and mobile receipt-capture now open the door to receipt data for financial institutions.

Features:

Automated receipt-capture for consumers and small businesses
Item-level extraction of purchase details
Turnkey implementation for financial institutions

Why it’s great
Receipt-capture is becoming a standard banking feature, giving access to previously unattainable data.

Presenters

Tobi Walter, COO, Co-founder
An investment banker-turned-entrepreneur, COO Walter oversees the business and corporate development efforts of Shoeboxed.
LinkedIn

Alex Anderson, Business Development Manager
Anderson oversees the planning and implementation of strategic banking and accounting partnerships.
LinkedIn

Share this:

Send Post Twitter LinkedIn Facebook

Tuesday Tactics: Let Users Schedule their Online Account Opening

By Jim Bruene Posted on April 21, 2015
Categories: Uncategorized

One of the biggest opportunities in digital banking today is closing the account-opening gap. The gap is the close-rate online (generally well below 50%) compared with the much-higher percentage at the new-accounts desk in a bank branch (see note 1).

There are hundreds of ways to improve digital account opening (see previous posts), but I stumbled across a new one this week. WiseBanyan, a new robo-advisor I’m quite impressed with, sent me a reminder to use my invite before it expired (see first screenshot below).

The email provides two choices (three if you count “delete”): Open My Account or Extend My Invite. Naturally, as a life-long procrastinator, I chose “extend.” That’s when WiseBanyan unleashed today’s Tuesday Tip. I was delivered to a simple webpage (second screenshot) offering a simple way to add the task to my calendar. Procrastination foiled! (We’ll see next week).

————

Screenshots:
1. Email from WiseBanyan (19 April 2015)

2. WiseBanyan “extend my invite” landing page

—–
Note:
1. I know we are comparing pineapples and peanut butter; of course, more people abandon online account opening (or its ecommerce counterpart, the shopping cart). It’s easy to “kick the tires” online by starting an application with no intent on finishing it. But few people would make a trip to a branch and sit down with a branch staffer unless they were serious about opening an account.

Share this:

Send Post Twitter LinkedIn Facebook

HedgeCoVest Takes Top Honors at 2015 Benzinga Fintech Awards

By David Penn Posted on April 21, 2015
Categories: Betterment, iBillionaire, iQuantifi, LikeFolio, Market Prophit, Motif Investing, Personal Capital, Thinknum, TipRanks, Trunomi

The votes are in! HedgeCoVest is the winner of the Overall category at the 2015 Benzinga Fintech Awards.

HedgeCoVest earned its first-place award at the Benzinga Fintech Awards Gala Event held earlier this month in New York City. The company picked up 5 million ad impressions and a one-year license to the Benzinga Pro Real-Time News & Data feed. Second- and third-place prizes were also awarded.

In attendance at the event were more than 50 CEOs, more than 100 fintech companies, about 20 venture capital firms, 10 major U.S. retail brokerages, and four fintech accelerators, as well as a host of press and media.

HedgeCoVest also performed well in individual categories, winning the Alternative Investment category, and earning runner-up recognition in the Most Disruptive category. Finovate alums taking home individual awards are listed below. See a full list of all winners, runners-up, and finalists.

Betterment: winner: Robo Advisor Tools, Founder of the Year (Jon Stein); runner-up: “A Penny Saved, A Penny Earned”

iBillionaire: finalist: Idea Generation Creating Proprietary Data

iQuantifi: finalist: Robo Advisor Tools, “A Penny Saved, A Penny Earned,” Idea Generation Strategy

LikeFolio: winner: Idea Generation Research Platforms & Tools

Market Prophit: runner-up: Idea Generation Creating Proprietary Data

Motif Investing: winner: Most Disruptive; finalist: Founder of the Year (Hardeep Walia), Alternative Investment

Personal Capital: runner-up: Idea Generation Strategy; finalist: “A Penny Saved, A Penny Earned”

Thinknum: finalist: Best Use of the Crowd, Most Promising Startup

TipRanks: winner: Idea Generation Trade Recommendations

Trunomi:. finalist: Best Enterprise Solution

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on April 21, 2015
Categories: Authentify, Backbase, Cachet Financial Solutions, Currency Cloud, Emida, EZBOB, Five Degrees, HedgeCoVest, Kony Solutions, Motif Investing, OneID, PayNearMe, Sekur.me, Trulioo, Xero

On Finovate.com

Check out FinovateSpring 2015 Sneak Peek: Part 5

HedgeCoVest Wins Top Honors at 2015 Benzinga Fintech Awards

Around the web

oneID launches its simple, free solution to secure personal information online across all devices.

Born2Invest talks about “thematic investing” in its review of Motif Investing.

Currency Cloud opens offices in New York, kicking off its U.S. expansion.

Select Mobile Money from Cachet Financial Solutions now supports Apple Watch.

Sberbank launches new digital platform based on technology from Backbase.

Five Degrees named winner of Dutch FinTech Awards in Banking & IT category.

PYMNTS looks at Ezbob’s role in SMB lending in the United Kingdom.

PayNearMe enables customers of LA Covered to pay their monthly premiums in cash.

Critical Mass radio show interviews Sekur.me CEO Jack Bicer.

Trulioo wins Europe’s 2015 Digital Identity Innovation Award. Watch Trulioo demo live at FinovateSpring.

NAB links core API technology to Xero’s accounting cloud ecosystems, connecting client’s online bank to their Xero account.

Authentify enables E-Transfer Technologies to protect currency trading accounts with mobile multifactor authentication.

Forbes: Kony and Soasta partner to close the mobile development and monitoring loop.

Mobile Commerce News features Emida.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Six Alt-Lending Unicorns Worth Combined $15 Billion: Lending Club, Prosper, On Deck, Sofi, Avant, Funding Circle

By Jim Bruene Posted on April 20, 2015
Categories: Crowdfunding, Loans & Credit, P2P Lending

Payments companies, especially mobile, have dominated the fintech news cycle for much of the past four years. But as those well-funded payments companies vie to become global standards, attention has turned to the lending arena. At least six alt-lending startups (not including China) have now passed the billion-dollar valuation mark:

1. LendingClub: $7.2 billion (public: LC)

The company launched as one of the original Facebook desktop apps in May 2007 and made its industry debut at the first Finovate in September 2007. Its December 2014 IPO briefly valued the company at $9 billion, the largest-ever IPO for a fintech startup.

2. Prosper: $1.9 billion (valuation from $165 million round announced last week)

The company was the second person-to-person lender in the world (after the U.K.’s Zopa) and the first in the United States, launching in Feb. 2006. It also made its industry debut at the first Finovate in 2007. It was much larger than Lending Club during its first few years; however, high default rates from its pure auction model scared away early investors. But the company retooled its underwriting and has become the third largest consumer P2P marketplace in the USA (and the world outside China).

3. On Deck Capital: $1.5 billion (public: ONDK)

Small and mid-sized businesses (SMB) were hit hard in the 2008 recession with lower profits combined with a massive dry spell in traditional bank credit. So, naturally, entrepreneurs moved in and picked up the slack. On Deck was one of the first on the scene, making its Finovate debut in 2009. Originally, On Deck was dipping its toes into the direct lending space as a proof of concept for its small-business lending platform it hoped to sell to banks. But it turns out they were in the right place at the right time, and, after a December IPO, On Deck is a successful public lender valued at $1.5 billion.

4. Sofi: $1.3 billion (based on Goldman Sachs fundraising efforts for the Feb 2015 round; however, recent press reports say the company is looking to raise $500 million in a 2015 IPO valuing it at $3.5 billion)

With $700 million in loans originated in Q1 2015, Sofi just passed Prosper to become #2 in the United States—and in the world, outside of China. The company initially focused on refinancing student loans for graduates of elite universities, but it has diversified into other types of consumer and SMB lending.

5. Avant: $1+ billion. Forbes recently estimated its value at $875 million; we think that’s low based on the $1.4 billion, including $350 million in equity, that startup has raised.

Like On Deck, Avant is targeting a segment abandoned by traditional lenders in the aftermath of the 2008 financial crisis. But Avant’s specialty is sub-prime borrowers, a segment with higher margins in good times, but risky bets in downturns.

6. Funding Circle: $1 billion, based on an estimate in The Telegraph this month

The only non-U.S. company on the list is London’s Funding Circle (although Wonga is probably still close, and has been above $1 billion in the past). Funding Circle, which specializes in SMB marketplace lending, was founded in 2010 and moved into the U.S. market last year with the acquisition of Endurance Lending.

———–

Also in the running: Finovate alums Kabbage—meet them at FinovateSpring next month, along with a handful of other promising newcomers; CAN Capital; Kreditech; and Wonga, which was valued well above $1 billion in 2012, but has had a falling out with U.K. regulators. Several peer-to-peer lenders in China are believed to have obtained unicorn status, the biggest being Lufax, which was said to be valued at almost $10 billion by the Wall Street Journal last week.

Share this:

Send Post Twitter LinkedIn Facebook

Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

By David Penn Posted on April 20, 2015
Categories: Global Debt Registry

In the race to provide better information to all the different parties in the debt-ownership and -collections industry, Global Debt Registry has just hitched itself to a rocket.

Courtesy of a new partnership, TransUnion will begin marketing the services of Global Debt Registry. TransUnion is a major provider of information for collections departments at large banks and other financial institutions, and is ranked among the top three credit bureaus in the world.

“The ability to team up with GDR to offer our clients GDR tools to manage account information post charge-off—and to support validation of a given debt—is a natural extension to our core services offered to financial institutions, debt collectors, and consumers,” said Peter Ghiselli, vice president in TransUnion’s specialized risk business unit.

Above: Global Debt Registry Chief Commercial Officer Charles Moore demonstrated his company’s technology at FinovateFall 2014 in New York.

Mark Parsells, Chairman and CEO of Global Debt Registry, pointed to TransUnion’s leadership role in providing data and information to the collections community. “GDR and TransUnion’s mutual customers will benefit from our collaboration, which offers a broader market of debt buyers, collectors and financial institutions to reduce costs and risks, improve transparency and efficiencies to the debt-ownership industry.”

Founded in 1968, TransUnion serves more than 45,000 businesses, and more than 500 million consumers in more than 30 countries around the world. The company has been active in the direct-to-consumer market since 20o2, followings its acquisition of TrueCredit in 2002.

Global Debt Registry is a clearinghouse for the debt industry, giving debt owners, collection agents, financial institutions, and consumers a new level of transparency and insight into the “chain of title.” This transparency makes it easier for those working in the industry to accurately identify the true owners of debt for collection purposes. Through a consumer portal, Debt LookUp, Global Debt Registry’s platform can be used, for example, to ensure that repayment on a debt is being made to the correct individual.

Global Debt Registry made its Finovate debut at FinovateFall 2014. The company was founded in 2009, and is headquartered in Wilmington, Delaware. GDR announced a $7 million Series A round in January. Read our interview with CEO Parsells from the beginning of the year.

Share this:

Send Post Twitter LinkedIn Facebook

Mint Bills Brings Mobile BillPay to One Million Customers of Questar Gas

By David Penn Posted on April 20, 2015
Categories: Mint Bills

Who knew one of the beneficiaries of the energy boom in the Mountain West would be Mint Bills?

Intuit’s Mint Bills today announced a partnership with natural gas utility Questar Gas that will provide online and mobile billpay services to almost one million customers in Idaho, Montana, and Utah.

Brad Markus, general manager for customer service at Questar Gas, said that while providing a wide variety of payment options was a priority for his customers, pedigree was also important. “Mint Bills was the perfect partner for us. We not only liked the mobile bill pay product, but also that it’s a part of Intuit, a trusted brand,” he said.

Utility companies have been an area of focus for Mint Bills for years. In addition to its new partnership with Questar Gas, Mint Bills is working with two other players in the natural gas world, UGI Utilities and New Jersey Natural Gas, providing multichannel billpay for more than two million households combined.

Steve Schultz, general manager of biller services for Mint Bills, said, “Given the increasing adoption of mobile devices, we’re seeing more natural gas utilities starting to offer electronic payment options for their customers.” Schultz added that the cost-effectiveness of Mint Bills was also a big factor for utilities companies like Questar, which are looking for mobile payment technology “for little to no cost.”

Mint Bills makes it easy for consumers to manage and pay their bills. The app monitors all connected accounts—savings, checking, credit—and provides configurable alerts to let users know when bills are nearing due dates. Users can sign up online, or download the iOS or Android versions to use the mobile app.

Mint Bills was launched by Intuit late last year, following the company’s acquisition of Check (formerly Pageonce) in May 2014.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on April 20, 2015
Categories: AcceptEmail, BBVA, Bento for Business, Betterment, Global Debt Registry, Interactions, Lending Club, Mint Bills, Motif Investing, On Deck Capital, Prosper, WealthForge, Wealthfront, Yoyo

On Finovate.com

Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding

Mint Bills Brings Mobile Billpay to One Million Customers of Quester Gas

Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

Around the web

Bento for Business founder and CEO weighs in on the future of tech accelerators. See Bento for Business at FinovateSpring 2015 in San Jose next month.

Global Market Solutions joins the Misys InFusion Partner program.

TechCrunch column on fintech regulation features Lending Club, Motif Investing, Betterment, OnDeck, Wealthfront, Prosper, and WealthForge. Join WealthForge in San Jose for FinovateSpring 2015.

PYMNTS features AcceptEmail.

OnDeck partners with Angie’s List to offer financing to its service providers.

Paybefore selects InComm as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category.

Banking Exchange: Kabbage hopes to harvest more bank partnerships.

Check Point Software and FireEye partner to share threat intelligence to protect customers from modern advanced attacks.

Bank Innovation’s look at Voice Assisted Banking features Interactions.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on April 17, 2015
Categories: Funding, Yoyo

U.K.-based Yoyo announced a $10 million Series A round of funding today, bringing the startup’s total to $15 million. The round was led by Imperial Innovations, an affiliate of Imperial College, where Yoyo piloted its mobile payments app. Investors Taavet Hinrikus, Philip Riese, and Michael Tobin also contributed.

The startup will use the funding to bolster engineering and expand its team.

Yoyo also plans to expand internationally and hopes to launch at five U.S.-based colleges by the end of 2015. Yoyo piloted operations at Imperial College in London. The mobile wallet is now available at 15 other British universities, where Yoyo payments total up to 50% of all transactions on campus.

Yoyo’s platform, which is aimed at closed environments such as universities and airlines, sees 150k transactions per month. This earns it a spot as one of Britain’s largest mobile wallets, second only to Starbucks’ payment app.

The mobile payments app boasts convenience, and its built-in reward system keeps customers coming back. Yoyo has a stickiness rate of 80% and, on average, its users spend more than non-users.

We covered Yoyo in our Finovate Debuts series earlier this year. The company unveiled its mobile wallet technology at FinovateEurope 2015 in London.

Share this:

Send Post Twitter LinkedIn Facebook

Fintech Fundings: 18 Companies Raise $700 Million Week Ending April 17

By Jim Bruene Posted on April 17, 2015
Categories: Funding

Once again alt-lending dominated the dollar volumes flowing into fintech accounting for close to a half-billion this week. The majority ($400 million) went to Chicago-based Avant. We should note that with all the money flowing to alternative lending, it’s getting a bit harder to classify the funding between a lending pledge, straight debt, traditional equity or a hybrid.

On the equity front, a good variety of firms were funded from billpay, ranging from remittances and insurance to direct banking.

Five Finovate alums took in a total of $35 million:

$10.7 million to CurrencyFair
$10 million to Yoyo
$9.5 million to Interactions
$3.2 million to MoneyStream
$1.2 million to StockTwits

In total, 18 private fintech companies raised $695 million, at least $450 million was debt and $245 million was equity. Here are the deals from April 11 to 17 by size:

Avant
Direct online lender
HQ: Chicago, Illinois
Latest round: $400 million Debt
Total raised: $1.4 billion ($350 million equity; $1.05 billion debt)
Tags: management, investing
Source: Crunchbase

PrimeRevenue
Supply-chain financing marketplace
HQ: Atlanta, Georgia
Latest round: $80 million Private Equity
Total raised: $91.6 million
Tags: Lending, SMB, factoring, investing
Source: Crunchbase

Applied Data Finance
Lending to underbanked via Personify Financial Services
HQ: New York City
Latest round: $50 million Debt + undisclosed equity
Total raised: Unknown
Tags: Data analytics, underbanked, lending, underwriting, consumer credit
Source: Crunchbase

PolicyBazaar
Indian insurance-comparison portal
HQ: Gurgaon, India
Latest round: $40 million Series D
Total raised: $69.6 million
Tags: Insurance
Source: Crunchbase

Billtrust
B2B invoicing and payments
HQ: Hamilton, New Jersey
Latest round: $25 million Series C
Total raised: $54 million
Tags: SMB, invoicing, billpay, bill payment, accounts receivable, accounts payable
Source: FT Partners

Acorns
Saving and investing app
HQ: Newport Beach, California
Latest round: $23 million Series C
Total raised: $32 million
Tags: management, investing
Source: FT Partners

InGo Money (formerly Chexar Networks)
Mobile money movement and card reloads
HQ: Roswell, Georgia
Latest round: $13.5 million
Total raised: $21.9 million
Tags: management, investing
Source: FT Partners

CurrencyFair
Remittances and foreign exchange
HQ: Dublin, Ireland
Latest round: $10.7 million Series A
Total raised: $15.4 million
Tags: Fx management, funds transfer, international money exchange, Finovate alum
Source: Finovate

Number26
German direct bank startup
HQ: Berlin, Germany
Latest round: $10.7 million Series A
Total raised: $12.7 million
Tags: Banking, mobile, neo-bank, direct bank, branchless
Source: Crunchbase

Yoyo
Mobile wallet
HQ: London, United Kingdom
Latest round: $10 million Series A
Total raised: $15 million
Tags: Mobile, payments, credit cards, debit cards, Finovate alum
Source: Crunchbase

Money360
Commercial real estate loan marketplace
HQ: Ladera Ranch, California
Latest round: $10 million
Total raised: $13 million ($11 million equity; $2 million debt)
Tags: Lending, credit, real estate, commercial mortgage, investing, P2P, crowdfunding
Source: P2P-Banking.com

Interactions
Customer service technology
HQ: Franklin, Massachusetts
Latest round: $9.5 million
Total raised: $110+ million
Tags: Service, call center, mobile, speech recognition, biometrics, security, Finovate alum
Source: Crunchbase

TouchBistro
Mobile POS system for restaurants
HQ: New York City, New York
Latest round: $6 million Series A
Total raised: $12 million
Tags: Mobile, point-of-sale, credit/debit card, acquiring, merchants, SMB
Source: FT Partners

MoneyStream
Money and bill management
HQ: Los Gatos, California
Latest round: $3.2 million Series A
Total raised: $3.2 million
Tags: Billpay, PFM, payments, money management, H&R Block (investor), Finovate alum
Source: Finovate

Ascend Consumer Financial
Loan comparison and rewards
HQ: San Francisco, California
Latest round: $1.5 million Seed
Total raised: $1.5 million
Tags: Lending, rewards, underwriting, credit, loans, lead generation, consumer
Source: Crunchbase

StockTwits
Investment sentiment analysis
HQ: New York City, New York
Latest round: $1.2 million
Total raised: $9.8 million
Tags: Investing, analytics, mobile, Twitter, Finovate alum, FinDEVr alum
Source: FT Partners

CommonLedger
Accounting data-aggregation tool
HQ: Wellington, New Zealand
Latest round: $1 million Seed
Total raised: $1 million
Tags: Accounting, metrics, data analysis
Source: Crunchbase

FriendlyScore
Alternative credit score
HQ: London, United Kingdom
Latest round: $375,000 Seed
Total raised: $395,000
Tags: Lending, underwriting, credit scoring, data analytics
Source: Crunchbase

Share this:

Send Post Twitter LinkedIn Facebook