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Smartphone checkbook app MagicMony powered by VerifyValid. Read our CEO interview with VerifyValid CEO Paul Doyle here.
Gremln, the company dedicated to making it easier for banks and other financial institutions to benefit from social media, has secured a new investment of half a million dollars from Cultivation Capital.
The new funding takes Gremln’s total capital to nearly $2 million.
We’re in Vegas this week, catching up with several Finovate and FinDEVr alums. Before the week even started, however, we took a gamble and spent the weekend at the Money20/20 Hackathon.
Many Finovate and FinDEVr alums have powerful APIs to enable the creation of solutions to solve all types of problems. At the hackathon, the crowd of 450 developers, engineers, and entrepreneurs developed a myriad of solutions over the course of 25 hours.
Here are the winners for each company:
Bionym winners:
MasterCard winner:
store, liking the company on Facebook, and making purchases in the store. The points are added to the consumer’s Modo Payments app.
CEO Paul Hoeper confirmed the WhoGotFunded.com report yesterday that InvoiceASAP had raised $696,000 in new funding.
The company’s SEC Form D filing is available here. The investment takes InvoiceASAP’s total capital to more than $1 million.
Braintree announces new service that makes it easier for merchants to sign up for the platform.
Trustly, the Swedish payments company that began 2014 with a deal to make Groupon easier to use for customers at seven Swedish banks, is closing out the year with a €23 million ($30 million USD) investment courtesy of Bridgepoint Development Capital.
Carl Wilsson, Trustly CEO, said that the investment from Bridgepoint will help fuel the company’s European expansion. Trustly is live in eight European countries, and covers 57 banks representing 67 million consumers. The company currently processes more than seven million payments a year.
Oberthur and SecureKey announce collaboration to enable secure cloud transactions.
Online security companies are always working to stay one step ahead of fraudsters. Socure, a New York-based company is out to fight these malevolent deeds with an approach it calls Social Biometrics.
As it turns out, it pays to be good. The company just closed a $2.5 million round of funding this week. Investors include:
This, added to Socure’s $2.2 million Seed round it generated in March, brings the company’s total funding to $4.7 million.
Socure’s fraud detection solution uses people’s social behavior across networks to determine the authenticity of their identity. See their debut of Social Biometrics at FinovateFall 2013.
The amount was undisclosed, but the latest investment for MX (formerly MoneyDesktop) reportedly takes the company’s total capital to $20 million.
“We are thrilled to be partnered with those that are on the side of innovation,” Ryan Caldwell, MX CEO and founder said in a statement. “And we are humbled to be a critical part of making that shift possible.”
Money on Toast to outsource its administration to Equiniti Wealth Solutions.
With a giant, inflatable tombstone inscribed “RIP Hidden Fees” looming overhead, international money transfer startup, TransferWise used a horde of Halloween ghouls and more than a little theatre, to put traditional banks on notice when it comes to hidden charges.
Led by a hearse, the parade of costumed TransferWisers and its customers marched through the City of London to the Silicon Roundabout tech cluster. The crowd of goblins and ghosts numbered more than one hundred and claimed to be “lay(ing) misleading price claims” to rest.
