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Finovate Debuts: CashSentinel’s Mobile Escrow Service

By Julie Muhn (@julieschicktanz) Posted on April 9, 2015
Categories: CashSentinel

CashSentinel enables people who do not know or trust each other to instantly and safely exchange a large amount of money, using their mobile phones.

The Switzerland-based company’s platform works similar to an escrow service combined with a mobile wallet that transfers funds in real-time.

Major benefits

Safer for both buyer and seller
Since neither party needs to carry cash, exchanging money for a vehicle is safer.
The transaction is secure
The system has built-in accountability. The buyer cannot incorrectly claim they sent the payment and the seller cannot incorrectly claim they didn’t receive the payment.
Mobile
After both parties have registered on the web or mobile platform, the transaction can take place either on the CashSentinel mobile app (available for iOS or Android), or via SMS; there is no need for a smartphone.

How it works

In the following example, a private party sells a used car to a private buyer; however, CashSentinel also works for small, commercial sellers and is not limited to vehicles.

1) Buyer loads funds

After the buyer registers online, CashSentinel verifies their identity by mailing them a secret word, which they will use later in the transaction (see step 4). Once the potential buyer finds a vehicle they’d like to purchase, they load the required amount of money onto the CashSentinel platform. If they decide not to purchase the vehicle, they can recoup the money in full.

2) Seller verifies

After the buyer loads the funds onto CashSentinel, they enter the seller’s phone number. This prompts CashSentinel to send the seller a push notification that the funds are ready.

To ensure that the buyer is serious, CashSentinel enables the seller to verify that sufficient funds have been loaded onto the platform (see below).

3) Transfer funds

When the parties meet in person to exchange the vehicle and agree on a price, they transfer the payment. They consent to the exchange by entering each others’ private, six-digit code (see below).

4) Confirm

After the buyer and the seller exchange their 6-digit codes, both need to finalize the transaction by confirming the amount. To do so, the buyer enters the secret word received in the mail. CashSentinel transfers the funds from the buyer to the seller and the transaction is irreversible.

Because funds are transferred instantly, the buyer drives away in the vehicle with the seller knowing the funds are good.

Fees

The service is entirely free for the seller. The buyer pays a tiered flat-rate that varies by the purchase price of the item.

What’s next

CashSentinel currently works only in Switzerland, but the company plans to expand operations into the European Union later this year.

CashSentinel demonstrated at FinovateEurope 2015 in London.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 9, 2015
Categories: Arxan Technologies, Bento for Business, CashSentinel, Dashlane, FreeAgent, Holvi, Kreditech, Malauzai Software, Patch of Land, PayPal, ProfitStars, Prosper

On Finovate.com

FreeAgent Scores $5 Million Line of Credit

Patch of Land Earns $23 Million Investment Led by SF Capital Group

FinovateSpring 2015 Sneak Peek: Part 2

Finovate Debuts: CashSentinel’s Mobile Escrow Service

Around the web

Nine Lives Media ranks ProfitStars’ Gladiator Technology in 6th annual MSPmentor 501 Global Edition.

Kreditech brings on Oliver Prill as COO.

PYMNTS: Prosper closes out financing round that pushes its valuation to $1.9 billion.

PYMNTS interviews Bento CEO and founder Farhan Ahmad. See Bento demo live at FinovateSpring in San Jose.

PayPal Makes Acquisition of CyActive Official.

TechCrunch: Dashlane’s “Inbox Scan” Tool Uncovers The Passwords You’ve Saved In Your Email.

Arxan expands application protection to support all major internet of things (IoT) platforms.

Holvi partners with identity-intelligence specialist GBGroup to ensure all customers are verified.

Malauzai Software announces 5 community banks to launch SmartwearApps for the Apple Watch.

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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The New New in Financial Technology

By Jim Bruene Posted on April 8, 2015
Categories: Strategic Planning

It’s about this time every year that someone tells me there just isn’t that much new going on, at least not like the “old days” (which could be last year, 2007, or 1997). Usually, they want me to change their mind, offer up some crazy examples of how the world of financial services is about to be turned on its head.

But things just don’t move that fast in the world of money, nor should they. In the past 50 years, there’s been a banking technology game-changer every 10 years or so:

1960s: Credit cards move unsecured consumer lending outside the branch
1970s: ATMs moved cash withdrawals out of the branch
1980s: Call centers moved customer service and account queries out of the branch
Late 1990s: The internet moved account queries away from the telephone, mail and ATM
Late 2000s: Mobile moved account queries away from the (desktop) web, and check deposits out of the branch
Late 2010s: ????

We are still hard at work on the mobile phase which started very late in the last decade. Apple didn’t allow outside apps until mid-2008, and it wasn’t really until 2009/2010 that mobile banking came into its own. And the Great Regulation push after the Great Recession, has stifled innovation somewhat.

However, halfway through the 2010s, I’m still unsure what history will show as the groundbreaking change of the decade. Here are three contenders:

Wearable computing: That’s just a workaround before less cumbersome technology comes along
Bitcoin/blockchain/crypto technology: It may be on the chart in the next decade, but I don’t think it gains dramatic traction in the next four or five years (at least not in countries with stable fiat currencies)
Crowdfunded/marketplace lending: While initially commercialized by Zopa, Prosper, Lending Club in the 2005-2007 period, it really didn’t get going until after the worst of the financial crisis had run its course in 2010/2011 (and after the SEC shut down the U.S. companies for half-a-year in 2008/2009).

My prediction: All three contenders are interesting and potentially huge. But I don’t think wearables or crypto will gain enough traction in the next four or five years to be considered the game-changers of this decade. But I do believe history will show that direct investor-to-customer lending (aka P2P lending or crowdfunding) begin to take hold in the mid-to-late 2010s.

Last year, total worldwide volume in crowdfunded loans was just $11 billion. That’s just 1% the size of a Chase, BofA or Citibank. So clearly, there is a long, long way to go before we start considering crowdfunded lending to be a disruption. But I believe it will begin to take measurable deposits and loans away from banks, credit unions and credit card issuers by 2018/2019.

We are due for a new game-changer, and I doubt we will be wearing it on our wrists.

——–

Picture credit: PixGood

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BBVA Taps Dwolla for Real-time Money Transfers

By Julie Muhn (@julieschicktanz) Posted on April 8, 2015
Categories: BBVA Compass, Dwolla

BBVA Compass and Dwolla began their partnership in October 2014, when BBVA opened its network to the Iowa-based startup.

Today, the two disclosed the first stage of their plan. BBVA Compass is using the startup’s FiSync payments protocol for real-time money transfers. The Alabama-based bank is the largest FI customer to implement the technology.

Dwolla will implement FiSync’s authentication and tokenization processes developed jointly by the two parties. These security processes eliminate the need for customers to grant merchants direct access to their bank account, thereby disclosing account and routing numbers.

Starting today, BBVA Compass clients can send funds in real-time to other BBVA account holders or Dwolla users.

The partnership is also good news for developers. Those with a BBVA Compass account can use Dwolla’s APIs to create their own real-time payments apps. BBVA Compass Chairman and CEO Manolo Sánchez says the FiSync payments protocol will help the bank adapt to customers who are used to getting everything on-demand and instantly. Sanchez says that by working with Dwolla, “BBVA Compass is ensuring that money is able to keep up with the speed of the instant economy. This will have a real and lasting impact on businesses and consumers alike.”

BBVA is mimicking Dwolla’s pricing structure of $0.25 for transactions above $10, with everything under $10 free. The two companies plan to roll out additional updates in the coming months.

Dwolla demonstrated FiSync at FinovateSpring 2012. You can also catch them at the upcoming FinovateSpring show in San Jose next month.

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Early Warning Acquires Authentify

By Julie Muhn (@julieschicktanz) Posted on April 8, 2015
Categories: Authentify, Mergers & Acquisitions, Payfone

Authentify, a company that offers phone-based, multifactor authentication to more than 1,200 financial institutions and e-commerce companies, today announced it will soon be acquired.

The acquirer is Chicago-based Early Warning, a company owned and governed by the largest banks in the U.S. and which provides risk-management solutions to 1,100 banks, government entities, and companies. Once the Authentify acquisition is under its belt, Early Warning will bolster its current offering with a multifactor authentication solution that integrates multiple channels and authentication methods.

The terms of the acquisition were not disclosed.

This is not Early Warning’s first move to broaden its offerings. In 2013, the Arizona-based company partnered with Payfone to combine device and customer-identity authentication with transaction data to ensure security. Early Warning has an equity stake in Payfone.

Authentify was founded in 1999 and Peter Tapling is CEO. The company demonstrated 2CHK at FinovateFall 2011.

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Patch of Land Earns $23 Million Investment Led by SF Capital Group

By David Penn Posted on April 8, 2015
Categories: Patch of Land

FinovateFall 2014 alum Patch of Land has raised more than $23 million in a Series A round. SF Capital Group led the investment, which included the participation of Ron Suber, president of Prosper Marketplace.

The investment is a major infusion of capital for the company. Patch of Land’s total funding now stands at $25 million. Neil Wolfs, SF Capital Group president, will join Patch of Land’s board of directors.

An innovator in the field of real estate crowdfunding, Patch of Land sees the investment as an opportunity to provide the loan products, such as construction and buy-to-rent loans. In this, building bigger and better relationships with institutional investors is key. “We look at them as our capital firepower,” COO Jason Fritton said. Additionally, the capital will help Patch of Land build out its team, adding loan officers, underwriters, and others.

Left: CMO AdaPia D’Errico and CTO Brian Fritton demonstrated the Patch of Land platform at FinovateFall 2014 in New York.

According to The Real Deal, the investment makes Patch of Land “one of the best-funded real estate crowdfunding platforms” in the country. The company has generated 12% annual returns for investors since inception, which is what may have helped spur interest among institutional investors. Issuing $17 million in short-term, commercial real estate loans without a single default likely provided additional impetus for larger investors to get involved in the real estate crowdfunder.

“We are excited to work with this dynamic team and help them capture the tremendous opportunity they have identified,” said Wolfson. “Patch of Land was one of the first companies to focus exclusively on real estate debt investments and the first to offer pretended loans, which dramatically shortens the time developers wait to get funded.”

Patch of Land was founded in February 2013 by Carlo Tabibi, CEO; Brian Fritton, CTO; and Jason Fritton, COO, and is headquartered in Los Angeles, California. The company has 10 employees; more than 2,500 investors; and more than 280 loans in its pipeline, with an average loan size of $240,000.

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FreeAgent Scores $5 Million Line of Credit

By David Penn Posted on April 8, 2015
Categories: FreeAgent, Lighter Capital

U.K.-based online accounting system provider Free Agent has raised $5 million in new debt financing courtesy of SaaS Capital. The new funding will be used helping the company acquire new customers.

Todd Gardner, founder and managing director of SaaS Capital said, “Free Agent is exactly the type of company we were looking to assist when we announced our new fund last month … (They) simply needed more capital to seize the market opportunity in front of them.”

Free Agent CEO Ed Molyneux says SaaS Capital’s investment was a unique opportunity. “We have historically raised equity and also used some venture debt, but we found the SaaS Capital solution to be a great way to finance our growth compared to those other options.”

FreeAgent CEO Ed Molyneux presented at FinovateEurope 2013 in London.

The financing from SaaS Capital comes in the form of a “revenue-based line of credit.” According to FreeAgent, this funding strategy will give the company the ability to deploy capital for longer periods than other lenders, as well as more flexibility when it comes to funding its own longer-term goals. Note that Finovate alum, Lighter Capital, specializes in this kind of financing.

FreeAgent’s cloud-based accounting system is geared toward freelance workers and what the company calls “micro-businesses” for whom other solutions are often too expensive and/or too complex. The company’s platform offers a wide variety of features to help manage business operations from tracking expenses to sending invoicing, to tax planning and filing.

FreeAgent was most recently in the headlines for its partnership with small-business booking-platform Appointedd announced in February, and last December, FreeAgent was selected to be a part of Lloyds Banking Groups new Business Toolbox.

Founded in April 2007 and headquartered in Edinburg, United Kingdom, FreeAgent made its Finovate debut at FinovateEurope 2013, where its online accounting system was demoed. The company has 50 employees and more than 27,000 paying customers. Ed Molyneux is CEO.

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Dealstruck Raises $8 Million in Funding, $50 Million for New Credit Facility

By David Penn Posted on April 8, 2015
Categories: Dealstruck, Uncategorized

In an investment that brings its total lending capacity to more than $100 million, direct lender Dealstruck has raised $58 million in new funding. The funding comes in the form of a $50 million credit facility led by Brevet Capital Management and the completion of a Series A round led by Trinity Ventures.

Co-founder and CEO of Dealstruck Ethan Senturia said, “Recent IPOs by alternative lenders validate an increasing need for new sources of growth capital. We look forward to building on our growth to date by setting even more businesses on the path to becoming bankable.”

The funding will be used to provide funding to small businesses across the country. Dealstruck has loaned more than $50 million since inception, and says it is the fastest online direct lender to reach and surpass the “$50 million lent” milestone.

(Left to right): Dealstruck CTO Russell McLoughlin and CEO Ethan Senturia presented at FinovateSpring 2014 in San Jose.

Talking about his firm’s investment, Doug Monticciolo of Brevet Capital focused on Dealstruck’s role in supporting small businesses, which Monticciolo called “an important engine of economic growth.” Added Noel Fenton of Trinity Ventures, “When small businesses succeed, it’s a win for everyone. Dealstruck is poised to help thousands of small- and medium-sized businesses grow.”

Operating in 43 states, Dealstruck offers three loan products: a term loan, an asset-based line of credit, and an inventory line of credit. Term loans are available up to $250,000, with lines of credit available as high as $500,000. Approved loans are funded within 48 hours.

Dealstruck made its Finovate debut at FinovateSpring 2014 in San Jose, where it demonstrated its Investor API. The company was founded in July 2012 by Ethan Senturia, CEO, and Russell McLoughlin, CTO, and is headquartered in Carlsbad, California.

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Finovate Alumni News

By David Penn Posted on April 8, 2015
Categories: Authentify, BBVA Compass, BillGuard, Dealstruck, Dwolla, ETRONIKA, Insuritas, Jumio, PayNearMe, Taulia, TradeHero, Uncategorized, Vouch, Zooz

On Finovate.com

Early Warning Acquires Authentify

Dealstruck Raises $8 Million in Funding, $50 Million for New Credit Facility

BBVA Taps Dwolla for Real-time Money Transfers

Around the web

Vouch launches its social network for credit. See Vouch at FinovateSpring 2015 in San Jose.

Retail Week features Zooz as its Start-up of the Week.

Vermont Federal Credit Union partners with Insuritas to open and manage turnkey insurance agency.

Optimal Payments integrates Jumio’s Netverify into its NETELLER stored-value service.

BillGuard launches custom categories capability.

Taulia Launches Research Arm, Taulia Labs.

FanIQ features TradeHero.

Norway Registers Development agrees to take 80% stake in Etronika.

PayNearMe partners with online rent payment network RentMoola to enable landlords to take rent in cash online.

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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FinovateSpring 2015 Sneak Peek: Part 1

By Julie Muhn (@julieschicktanz) Posted on April 7, 2015
Categories: Alpha Payments Cloud, CUneXus, DRAFT, FinovateSpring 2015, FinovateSpring 2015 Sneak Peek, FundAmerica, SayPay, StockViews, TrueAccord

FinovateSpring 2015 launches next month on May 12 and 13. That gives us five weeks to review the 72 companies that will step up on stage in San Jose.

We’ll be featuring seven companies twice a week in our Sneak Peek series. The first set includes:

This will be Finovate’s eighth conference in the Bay Area and our second year in San Jose. Interested in being among the first to see the newest fintech this spring? Pick up your ticket here to join us.

Alpha Payments Cloud’s AlphaHub consolidates the payments world onto one platform enabling banks, merchants, MSPs and ISOs to access any payment type, any solution provider, anywhere.

Features:

Access every transaction-centric solution vendor
Consolidate all integrations to one platform
Mitigate risks and costs by orchestrating across vendor functionality

Why it’s great
The AlphaHub gives instant access to any payment type, any solution provider, anywhere in the world.

Presenter: Oliver Rajic, CEO
Rajic is a global business development leader and payments expert whose vision is bringing the payments world into the 21st century.
LinkedIn

CUneXus is one of just ten to watch on KPMG’s report of “The Best Fintech Innovators of 2014,.” CUneXus stands at the forefront of the transition to a new era of data-driven, on-demand lending and borrowing.

Features:

Perpetual Loan Approval
“One-Click” access to preapproved loans at every touchpoint
Integrated into leading online- and mobile-banking platforms

Why it’s great
CUneXus brings the “one-click” convenience and mobility consumers have come to expect, helping lenders maximize the value and profitability of existing customer relationships.

Presenters

Dave Buerger, Co-Founder, President & CEO
Buerger is an award-winning financial services marketer and strategist with a noteworthy record of achievement, spanning a diverse array of marketing mediums and industry verticals.
LinkedIn

Darin Chong, Co-Founder & COO
Chong draws from 17+ years of experience in consumer financial services with expertise in marketing, operations, and project management.
LinkedIn

DRAFT changes the way people view, think and act about investing by comparing your returns, fees and allocation to top-performing portfolios.

Features:

Track all of your investments in one spot
Side by side return, fee, and allocation comparisons
Obtain a blueprint showing portfolio gaps to help maximize returns and lower fees

Why it’s great
DRAFT has created a better investment benchmark by comparing real portfolios to one another. It’s simple, transparent, and community focused.

Presenters

Brad Lawler, President, co-founder
Lawler has 10 years’ experience in the financial services industry, including as a high-net-worth adviser at a risk-analysis software firm. He also spent time with a big-data infrastructure company.
LinkedIn

Jason St. Peter, CEO, co-founder
St. Peter has 15 years of experience in sales, marketing, and business development in the high-tech industry. Prior to DRAFT, St. Peter created and ran the Dell For Entrepreneurs program for Dell, Inc.
LinkedIn

FundAmerica provides API-enabled escrow, payment processing, and securities compliance to portals engaged in technology-driven capital formation via the JOBS Act (506b/c, Reg A+, 4(a)(6) crowdfunding).

Features:

Easy-to-implement API and “Invest Now” buttons
View all data and events in the control panel
Ensure compliance with federal and state regulations

Why it’s great
FundAmerica provides the crowdfunding industry with the best and only technology-integrated compliance and back-office solution.

Presenters

Scott Purcell, CEO, founder
Purcell is a leader in the crowdfunding industry with experience in both technology and securities.
LinkedIn

Jonathan Self, President, CCO
Self-served as a compliance examiner at FINRA, and was a capital markets specialist at the Federal Reserve Bank of Atlanta.

Scott Andersen, General Counsel
Andersen was the deputy chief counsel at FINRA; enforcement director at the NYSE; and assistant attorney general for the state of New York.

SayPay enables users to make or schedule bill payments instantly by simply speaking a one-time, secure “SayPay Code”—all without the need to sign in or remember passwords!

Features:

Eliminates late charges and interest expense
Billers get paid faster
Combines voice recognition, biometric voice authentication and mobile technologies into a seamless user experience

Why it’s great
Financial institutions can re-use SayPay across the enterprise, for website sign-in, online purchases, P2P transfers, step-up authentication and more for optimal return on investment.

Presenter

Steve Hoffman, CEO, founder
Hoffman has 25+ years of experience in payments, digital banking, and authentication, and holds several patents for internet and mobile payment technologies.

StockViews is an online equity research platform that connects investors with independent analysts.

Features:

A meritocratic platform that pinpoints alpha generators
Identifies analysts with expertise relevant to the fund manager
Harnesses the wisdom of crowds to assist investment decisions

Why it’s great
Our product harnesses collective intelligence by identifying and isolating the opinions of analysts who consistently outperform the market.

Presenters

Tom Beevers, CEO, co-founder
Beevers is the CEO of StockViews. He was previously a fund manager at Newton in London. He holds a degree in natural sciences from Cambridge.
LinkedIn

TrueAccord offers a machine-learning-based, automated, and friendly collection platform that effectively services the new age of financial services companies.

Features:

Adapts to consumer preference with new communication channels; increases satisfaction
Adapts to consumer behavior; increases recovery
Easy to audit and control; improves compliance

Why it’s great
Debt collection is ripe for disruption on the heels of alternative lending. TrueAccord is leading the market in rethinking this activity.

Presenters

Ohad Samet, CEO
Samet is head of analytics at Fraud Sciences; worked in new ventures at PayPal; founder at Analyzd; chief risk officer at Klarna; published writer, O’Reilly.
LinkedIn

Nadav Samet, CTO
Samet served as a senior software engineer at Google and contributed to several high-profile projects such as gmail, Google Flights, and more. Holds a masters in science in mathematics from Weizmann Institute of Science.
LinkedIn

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Finovate Debuts: StreetShares Helps Small Businesses Raise Capital

By David Penn Posted on April 7, 2015
Categories: StreetShares, Uncategorized

StreetShares is a specialist in what the company calls “affinity-based social lending.” The idea is to take crowdfunding a step further by connecting small business owners in need of capital with investors with shared affinities. The first shared affinity StreetShares has been able to serve is the veteran and veteran-owned business community.

Calling the platform “Shark Tank Meets eBay,” business owners on StreetShares pitch their business to interested, accredited investors who compete for the opportunity to fund the loan.

“We are bringing the ‘peer’ back to peer-to-peer lending in the U.S. market,” StreetShares CEO Mark Rockefeller said, in explaining P2P lending’s origins in Great Britain and its evolution in the U.S. “We are talking about veterans funding veterans; female executives funding female executives; alumni from one school funding fellow alums from the same school.”

StreetShares’ stats:

Founded in July 2013
Headquartered in Reston, Virginia
CEO Mark Rockefeller, COO Mickey Konson, and CTO Ben Shiftlet are co-founders
Raised more than $1 million in funding
Maintains 12 FTEs
Provides small business loans of up to $50,000

The story

The idea behind StreetShares originated from the concept of the GI Bill, which gave millions of servicemen returning from World War II the opportunity to buy homes, start businesses, and raise families, giving birth to a true middle-class in America.

(Left to right): COO Mickey Konson and CEU Mark Rockefeller presented StreetShares at FinovateEurope 2015.

And while the circumstances have changed since 1945, many of the challenges remain: entrepreneurs, many of them veterans, still struggle to raise the capital help get their businesses off the ground or to move to the next level in terms of growth and expansion.

This is where StreetShares comes in. The company believes that businesses are more likely to get funded by (a) investors who have some sense of connection with the borrower and (b) investors who feel as if they know exactly where a business is headed and how it plans on getting there.

Add to this the extensive information about applicants provided to potential investors—and located on each applicant’s “tile”—and an investor has everything needed to make a lending determination. This includes information on the business itself, with links to websites and social media; a pitch with the ability to attached additional information, including spreadsheets, background on the applicant; and information on the status of the bidding for that company’s loan.

What do businesses need in order to apply for a loan via StreetShares? SMEs can apply online or by phone, and any U.S. citizen-owned business that has been in operation for at least a year is eligible. Businesses must earn a minimum amount of revenue, be incorporated, and have a business guarantor “with reasonable credit.” More information on the application is available at StreetShares.com.

Individuals with “accredited investors” can participate on the platform. Accredited investors need a StreetShares account, and must have an income of $200,000 or more ($300,000 for a couple), or have a net worth of $1,000,000, excluding the value of a primary residence.

At FinovateEurope 2015, StreetShares showed its auto-invest feature. Auto-invest enables the platform to make investments for the investor based on a set of prearranged criteria such as risk-tolerance level, affinity type, interest rate, bid amounts and more. Once set, the platform bids on open loans on the investor’s behalf. The investor can review the bids in the invest tab, as well as in the investor portfolio.

The future

StreetShares believes three key factors distinguish it from others in the SME lending space. The first, and most prominent, is the use of social affinity groups to “build bonds of trust” between borrowers and lenders. This trust results in lower-cost loans. The second factor is a fully transparent platform in which all investors, retail and institutional, compete for loans fairly side by side. And the third factor is co-investment, in which StreetShares puts its own capital to work as a co-investor on each loan that is made.

The company remains focused on expanding its capacity to provide loans, especially in the below-$100,000 category, which Rockefeller says is a $136 billion market. “We think lending is about risk and risk is about data,” Rockefeller said from the Finovate stage in February. “But what if we could tap into human trust, and apply that to lending. We think we have a way.”

That way has been brightened by news last month that StreetShares has picked up a $200 million commitment from Direct Lending Investments, Community Investment Management (CIM), and Eagle Bank Corporation to help fund loans. Speaking for Direct Lending Investments, Brendan Ross said, “Our mission is to put money to work funding small businesses. We are excited about this business partnership with StreetShares and the unique business owners they serve.”

Watch StreetShares demo its technology live at FinovateEurope 2015.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 7, 2015
Categories: Backbase, Betterment, FIS, Heckyl Technologies, MX, StreetShares, Xignite

On Finovate.com

Finovate Debuts: StreetShares Helps Small Businesses Raise Capital

FinovateSpring 2015 has sprouted! Check out our first Sneak Peek, featuring 7 presenting companies.

Around the web

Backbase adds Payveris’ suite of payment APIs to the Backbase Open Banking Marketplace.

Evans Bank to deploy core banking technology from FIS.

Xignite teams up with ChartIQ to launch new market-data widgets.

Heckyl Technologies featured in e27’s list of 10 ‘need-to-know startups’ in Singapore and India.

Backbase adds MX’s PFM and account aggregation to the Backbase Open Banking Marketplace.

Wharton Fintech blog: How Betterment is Redefining the Retail Investment Landscape.

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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