FinDEVr Preview: Yodlee Interactive

FinDEVr Preview: Yodlee Interactive
FinDEVr_logo

In the weeks leading up to our inaugural FinDEVr conference, we’re taking a look at the more than 40 speakers who will be making presentations. Click here to see the full agenda.

First up is Yodlee Interactive. Yodlee was a presenter at the first Finovate event in 2007, and continues that tradition by being a big part of the inaugural FinDEVr. In addition to its keynote address, Yodlee will deliver three workshops on the second day (see below). 

For more information on FinDEVr, the first event for fintech developers, coming to San Francisco on September 30, visit FinDEVr here

Thumbnail image for YodleeLogo2012.jpg
Yodlee is the platform for financial innovation. More than 600 companies globally, including seven of the top ten US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. 
Leveraging the industry’s largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.
YodleeInteractive_homepage1
Yodlee Interactive is focused on making the Yodlee platform available everywhere that entrepreneurs, partners, and developers building digital financial apps and services can use to create value. As the architects of a new digital ecosystem, Yodlee Interactive optimizes the wisdom of the financial technology crowd to create, catalyze, and distribute innovations faster through an open and secure data API. 
Used by hundreds of companies, both small and large, Yodlee Interactive is the horsepower behind today’s coolest and most personalized digital experiences.
At FinDEVr, Yodlee Interactive will be giving a keynote address and will provide three workshops for builders. The titles, topics, and presenters for the keynote and workshops are below.
Keynote: Demystifying the Yodlee Data
What is the Yodlee platform and what value do the Yodlee Interactive APIs open up to developers?
 
JosephPolverari_Yodlee_FinDEVr_new

Joseph Polverari

Chief Strategy & Development Officer, Yodlee;
Founder & General Manager, Yodlee Interactive
Joe Polverari is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, developers building digital financial apps and services. 
Joe is a graduate of the Stanford Graduate School of Business Executive Program, holds a juries doctorate and degree in Economics from Santa Clara University.
CheungTam_Yodlee_FinDEVr_new

Cheung Tam

Director API Product Management, Yodlee
Previous to Yodlee, Cheung served as Senior Product Manager, Developer Platform at Intuit. Cheung is a technologist with advanced degrees in business and engineering and has over 15 years of development, product, and project management experience.
Workshop Session #1
How to Build an App with Financial Data: Hands on help from Yodlee Interactive and the hot app builders who are leading the charge.
AnitaHayrapetian_Yodlee_FinDEVr_new

Anita Hayrapetian

Senior Solutions Engineer, Yodlee Interactive
Anita is a customer focused sales engineer with in-depth technical knowledge and superior presentation and interpersonal skills. Successfully developed and deployed more than 20 major projects including auction, e-commerce and ERP systems for global computer component re-sellers.
Session also features Cheung Tam and Guest Developers.

Workshop Session #2
Yodlee’s Instant Account Verification (IAV) API for Managing Risk and Fraud
LoriMartel_Yodlee_FinDEVr_new

Lori Martel

Vice President, Platform Product Management, Yodlee
Session also features Jayasree Iyer and Guest Developers

Workshop Session #3
Supercharge your Apps with Wealth Data from Yodlee & Xignite
DevaprasadMaybe_Yodlee_FinDEVr_new

Deviprasad Kocherry

Product Manager, Yodlee
AlChang_Xignite_FinDEVr_new

Al Chang

Chief Technical Officer, Xignite
Look forward to our next FinDEVr Preview featuring TD Ameritrade Institutional next week.

Alumni News– August 20, 2014

  • Finovate-F-Logo.jpgCUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.
  • With Simple’s 2.0 mobile app update, users can send paper check payments via mobile.
  • ID Analytics names Daniel Rawlings as Chief Revenue Officer.
  • Essent Guaranty offering lenders access to rate quotes through an interface with D+H’s MortgagebotLOS.
  • ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.
  • EyeVerify and Zumigo selected for Wells Fargo’s accelerator.
  • Expensify integrates with Uber’s API to launch SmartRides feature.
  • PayNearMe and SIMI partner to offer cash collection services to US government agencies.
  • Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.
  • PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.
  • Cartera Commerce unveils new website.
  • Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.
  • National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.
  • Forex Brokerz talks about the beta release of Darwinex’s social trading platform.
  • peerTransfer tops $1 billion in international education payments, announces 500th client.
  • Bloomberg.com features Venmo, Fiserv’s Popmoney, and Dwolla in column on Millennials and mobile payments.
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.

FinovateFall 2014 Sneak Peek: Part 1

FinovateFall 2014 Sneak Peek: Part 1

FinovateFallWithDateLogo

With the busy product development and release schedule that comes with the autumn season, FinovateFall is the perfect place to see what’s new in fintech. 

This year, 71 companies will step up to the Finovate stage at the NYC Hilton Midtown on September 23 and 24. Tickets are going fast; register for yours today.

Here’s an inside look at six of these hand-picked companies:


BizEquityLogo.jpg

BizEquity has invented the first and only patented way to value any business in real-time and in the cloud online.

Features:

    • BizEstimate feature that pre-values over 28 million private businesses 
    • Patented, online real-time business value and tailored advice and alerts to each user
    • Business ValueMonitoring Dashboard 

Why it’s great:

BizEquity’s mission is to democratize business valuation knowledge globally to every small business and financial institution through its patented cloud-based service.

Carter

Presenters:

1) Mike Carter, CEO
Carter is former Managing Director of The Musser Group, former Founder and CEO of Dashboard Systems, and former Chief Marketing Officer for U.S. Interactive.
LinkedIn

2) Semyon Fishman, Vice President of Engineering and Technology
Fishman is former Vice President of Product Engineering at Valex Consulting and former Lead Engineer for the Math Forum.


GremlnLogo.jpg

GREMLN Financial Social Media offers secure social media tools for the financial services industry. It’s a full marketing and analysis suite wrapped in a security layer to maintain compliance.

Features:

    • Pre-approved content libraries
    • LinkedIn client prospecting
    • Mobile social media compliance platform

Why it’s great:

Social media involvement is essential, but it can be dangerous for financial services companies. Gremln makes it possible to participate and succeed in social media…safely.

RyanGremln

Presenters:

1) Ryan Bell, CEO
LinkedIn  


TJGremln

2) TJ Tavares, Senior Sales Executive
LinkedIn


HoyosLogo

Hoyos Labs app will finally put an end to the frustration that comes with usernames, passwords and PINs by replacing them with your unique biometrics.

Features:

  • Acquires users’ biometrics via smartphone to replace all log-in information
  • Works with Apple and Android smartphones and tablets, and with PCs
  • Increased convenience and security for users
Why it’s great:

Hoyos Labs’ app allows users to increase the convenience and security in their life by removing the need to ever remember their log-in information.
Presenter: 
Hoyos
Hector Hoyos, Founder and CEO
Hoyos is a biometrics veteran and entrepreneur who has dedicated his life to the development of innovative technologies that change existing business paradigms and have a profound impact on society.


KnoxPaymentslogo

Knox Payments is a merchant tool for payments to and from bank accounts online for just $0.18/transaction.

Features:

    • Fastest online and mobile checkout process
    • Accept ACH payments without needing your customers to enter bank routing and account numbers
    • Instantly verify bank account and sufficient funds

Why it’s great:

Fastest, cheapest checkout process for you and your customers.

KnoxThomas

Presenter:

Tommy Nicholas, Head of Product
Nicholas earned his BA from the University of Virginia. He founded CitySwig and helped grow Coffitivity to over 2 million users.
LinkedIn


NopSeclogo

NopSec is a cloud-based vulnerability risk management SaaS.

Features:

    • Correlate vulnerabilities with real-time threats and exploits
    • Drill down into the most critical risks across the full software and hardware stack
    • Analyze vulnerabilities using keyword searches

Why it’s great:

Remediate what matters most, faster.

StevenNopsec

Presenters:

1) Steven Leonard, Chief Marketing Officer
Leonard is responsible for all areas of marketing strategy and execution. Prior to NopSec, he spent 17 years at Microsoft Corporation.
LinkedIn

2) Lisa Xu, Chief Executive Officer
Xu is responsible for strategic direction, sales, and operations. Prior to NopSec, she advised Fortune500 enterprises on data security, privacy and technology risk management.
LinkedIn

3) Michelangelo Sidagni, CTO


Rippleshotlogo

Rippleshot detects bank card data breaches. Its cloud-based solution helps banks proactively stop fraud before it occurs and protects merchant brand reputation.

Features:

    • Next generation fraud prevention — stopping fraud before it occurs
    • 24/7 monitoring — detecting breaches faster
    • Early warning alerts — proactively protecting merchants, consumers and credit card issuers
Why it’s great:
It’s not if you are going to be breached, it’s when. Rippleshot’s 24/7 monitoring proactively detects, mitigates and stops fraud before it occurs.
Presenters: 
RippleshotLucas
1) Lucas Ward, Co-Founder and CTO
Ward is a proven technology leader. At Fundspire, he created an innovative product to change the way hedge funds viewed and analyzed their data.
RippleshotRandal
2) Randal Cox, Co-Founder and CSO
Cox has over a decade of experience in the credit card industry, modeling credit card and ATM fraud, ultimately culminating in the co-founding of Rippleshot.


Stay tuned later this week for a look at six more companies set to debut their new technology at FinovateFall this September 23 & 24 in New York.

FinovateFall 2014 Sneak Peek: Part 1

FinovateFall 2014 Sneak Peek: Part 1

FinovateFallWithDateLogo

With the busy product development and release schedule that comes with the autumn season, FinovateFall is the perfect place to see what’s new in fintech. 

This year, 71 companies will step up to the Finovate stage at the NYC Hilton Midtown on September 23 and 24. Tickets are going fast; register for yours today.

Here’s an inside look at six of these hand-picked companies:


BizEquityLogo.jpg

BizEquity has invented the first and only patented way to value any business in real-time and in the cloud online.

Features:

    • BizEstimate feature that pre-values over 28 million private businesses 
    • Patented, online real-time business value and tailored advice and alerts to each user
    • Business ValueMonitoring Dashboard 

Why it’s great:

BizEquity’s mission is to democratize business valuation knowledge globally to every small business and financial institution through its patented cloud-based service.

Carter

Presenters:

1) Mike Carter, CEO
Carter is former Managing Director of The Musser Group, former Founder and CEO of Dashboard Systems, and former Chief Marketing Officer for U.S. Interactive.
LinkedIn

2) Semyon Fishman, Vice President of Engineering and Technology
Fishman is former Vice President of Product Engineering at Valex Consulting and former Lead Engineer for the Math Forum.


GremlnLogo.jpg

GREMLN Financial Social Media offers secure social media tools for the financial services industry. It’s a full marketing and analysis suite wrapped in a security layer to maintain compliance.

Features:

    • Pre-approved content libraries
    • LinkedIn client prospecting
    • Mobile social media compliance platform

Why it’s great:

Social media involvement is essential, but it can be dangerous for financial services companies. Gremln makes it possible to participate and succeed in social media…safely.

RyanGremln

Presenters:

1) Ryan Bell, CEO
LinkedIn  


TJGremln

2) TJ Tavares, Senior Sales Executive
LinkedIn


HoyosLogo

Hoyos Labs app will finally put an end to the frustration that comes with usernames, passwords and PINs by replacing them with your unique biometrics.

Features:

  • Acquires users’ biometrics via smartphone to replace all log-in information
  • Works with Apple and Android smartphones and tablets, and with PCs
  • Increased convenience and security for users
Why it’s great:

Hoyos Labs’ app allows users to increase the convenience and security in their life by removing the need to ever remember their log-in information.
Presenter: 
Hoyos
Hector Hoyos, Founder and CEO
Hoyos is a biometrics veteran and entrepreneur who has dedicated his life to the development of innovative technologies that change existing business paradigms and have a profound impact on society.


KnoxPaymentslogo

Knox Payments is a merchant tool for payments to and from bank accounts online for just $0.18/transaction.

Features:

    • Fastest online and mobile checkout process
    • Accept ACH payments without needing your customers to enter bank routing and account numbers
    • Instantly verify bank account and sufficient funds

Why it’s great:

Fastest, cheapest checkout process for you and your customers.

KnoxThomas

Presenter:

Tommy Nicholas, Head of Product
Nicholas earned his BA from the University of Virginia. He founded CitySwig and helped grow Coffitivity to over 2 million users.
LinkedIn


NopSeclogo

NopSec is a cloud-based vulnerability risk management SaaS.

Features:

    • Correlate vulnerabilities with real-time threats and exploits
    • Drill down into the most critical risks across the full software and hardware stack
    • Analyze vulnerabilities using keyword searches

Why it’s great:

Remediate what matters most, faster.

StevenNopsec

Presenters:

1) Steven Leonard, Chief Marketing Officer
Leonard is responsible for all areas of marketing strategy and execution. Prior to NopSec, he spent 17 years at Microsoft Corporation.
LinkedIn

2) Lisa Xu, Chief Executive Officer
Xu is responsible for strategic direction, sales, and operations. Prior to NopSec, she advised Fortune500 enterprises on data security, privacy and technology risk management.
LinkedIn

3) Michelangelo Sidagni, CTO


Rippleshotlogo

Rippleshot detects bank card data breaches. Its cloud-based solution helps banks proactively stop fraud before it occurs and protects merchant brand reputation.

Features:

    • Next generation fraud prevention — stopping fraud before it occurs
    • 24/7 monitoring — detecting breaches faster
    • Early warning alerts — proactively protecting merchants, consumers and credit card issuers
Why it’s great:
It’s not if you are going to be breached, it’s when. Rippleshot’s 24/7 monitoring proactively detects, mitigates and stops fraud before it occurs.
Presenters: 
RippleshotLucas
1) Lucas Ward, Co-Founder and CTO
Ward is a proven technology leader. At Fundspire, he created an innovative product to change the way hedge funds viewed and analyzed their data.
RippleshotRandal
2) Randal Cox, Co-Founder and CSO
Cox has over a decade of experience in the credit card industry, modeling credit card and ATM fraud, ultimately culminating in the co-founding of Rippleshot.


Stay tuned later this week for a look at six more companies set to debut their new technology at FinovateFall this September 23 & 24 in New York.

PayPal Announces Access to its One Touch Mobile Payment Solution

PayPal Announces Access to its One Touch Mobile Payment Solution

Thumbnail image for PayPalLogo.jpg

For mobile shoppers using PayPal, instant gratification just got a little more instantaneous.

PayPal announced today that it is opening up beta access to its One Touch feature. This feature allows people to pay with PayPal with a single swipe from inside other apps. Initially available only to iOS users, the feature will be accessible for Android users in September when the product is officially launched.

paypal_homepage_new
In an interview with VentureBeat, Braintree CEO Bill Ready put “one-touch buying” at the center of what to expect when it comes to payments over the next few years (recall that Braintree was acquired by PayPal in September 2013). Bill believes part of this has to do with the challenge of entering data on mobile devices, especially smartphones. But this initiative also responds effectively to the Prime Directive of E-commerce Innovation: “More Time Shopping, Less Time Transacting.”
The feature is optional, and users have both the ability to opt-in/opt-out, as well as specify which source of funding you want to be used for your One Touch transactions (PayPal balance, linked bank account, or credit card). Calling One Touch payments “the magical experience that every mobile user will come to expect,” Bill may be engaging in a touch of hyperbole. But in a world in which Amazon is increasingly interested in the payments business, it is interesting to see PayPal leverage Braintree technology in order to strike back at Amazon on its own “one-step shopping” turf. 
PayPal_one_touch
There will be a handful of merchant apps available initially as part of the developer beta, with other merchants coming on board in the weeks to come.  Soon any developer with access to the Braintree v.zero SDK – and anyone who uses PayPal – will be able to take advantage of One Touch. More information on the technology for consumers and merchants is available here. Developers can find out how to get started, including accessing the SDKs at PayPal’s developer portal.
And speaking of developers, join PayPal at FinDEVr for the company’s presentation on how wearables are changing the payments landscape. The first fintech event for developers, FinDEVr will be held from September 30 to October 1 in San Francisco. For more information, visit our FinDEVr page.

The Success of Visa Checkout’s Rebrand

The Success of Visa Checkout’s Rebrand
VisaLogo

Visa’s Visa Checkout, the rebranded version of V.me, has experienced increased success since its recent change of face.

Similar to PayPal, Visa Checkout stores users’ credentials and enables them to pay at a merchant’s site with only their username and password. The service launched this July with PNC and other banking partners.

VisaPNCCheckout

According to American Banker, PNC reported that customer enrollments of Visa Checkout doubled after it changed the brand from V.me (PNC declined to disclose actual enrollment 

VisaCheckoutCreditCards

figures). Some speculate that the success is partially due to the name change. Not only is Visa Checkout more descriptive, it also appeals to a wider audience and sounds more secure.

The potential for Visa Checkout to place a bank’s card at the top of the digital wallet is enticing. When a user signs up for the Visa Checkout, they are prompted to enter their credit card information into the wallet. While the service works with any payment card, banks are hoping their card will be the most frequently used.

To see Visa’s newest offering for developers, check out its upcoming presentation at FinDEVr San Francisco held September 30 through October 1.

With Simple’s 2.0 Mobile App Update, Users Can Send Paper Check Payments Via Mobile

With Simple’s 2.0 Mobile App Update, Users Can Send Paper Check Payments Via Mobile

simpleLogoNew.jpg

After it was acquired by BBVA in February, Simple is showing the first major sign of access to the mega bank’s deep pockets.

The Portland-based startup updated its iOS and Android apps today to bring users an easier way to pay others via their mobile device. Aside from the redesigned interface, other major changes include: 

Simpleapp2.1
1) Simple Instant Transfer on mobile
Previously only available on the web interface, Instant Transfer enables users to instantly send funds to other Simple account holders. 
2) Updated goal interface on mobile
It’s easier for users to create and manage their goals with the ability to add notes to their goals and easily transfer money into and out of individual goals. It still lacks, however, the function to add pictures to goals. 
3) Customized profiles
Customers can customize how other users see them by adding a profile picture (see screenshot on right) to their account. They can also select other Simple customers as favorite contacts.
4) Mail checks from mobile

One of the more notable upgrades, is the ability to mail checks for free to anyone. All you need is their name and mailing address. I tested the feature on my iPhone 5S by sending a check to my mother, who does not have a Simple account.

Note the text at the bottom that indicates both when the money will be withdrawn and when the check will be received. Pulling that information out of the fine print and into plain sight aligns with Simple’s transparent policy.

SimpleApp2.4.2

After adding my mom’s address, I entered the amount, followed by the 4-digit verification code that I received via text.

 

SimpleApp2.5

Once I entered the code, the $1 had been withdrawn from my account and was ready to be mailed to my mother.

In the U.S., where writing checks is still common, the ability to do it from a mobile device is a very useful feature. Simple could improve it with a few small additions:

1) Option for users to pay for expedited shipment of the check.
2) Optional note field to send with the check that allows users to personalize the payment
3) The ability to assign a photo avatar to contacts who are not Simple customers

Simple launched at FinovateFall 2011. You can check out the demo video here.

Alumni News– August 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgLivePlan launches its Black Widow update to enhance performance monitoring.
  • Bank Innovation looks at GoBank’s decision to shorten holding periods for mobile check deposits.
  • NICE Systems earns 2014 Star Performer award from Speech Technology magazine.
  • Top Image Systems partners with Allied Payment Networks to implement MobiPAY.
  • Time features ReadyForZero as 1 of 50 Best Websites for 2014.
  • Hiveage compares OnDeck, Kabbage, PayPal Working Capital, & CAN Capital Come see OnDeck at FinDEVr.
  • Quisk awarded US patent for enabling consumer activated security for a mobile payment system.
  • The Rude Baguette interviews Yseop CEO, John Rauscher.
  • New partnership brings Geezeo’s PFM solution to MEA’s native mobile banking platform. See Geezeo at FinovateFall 2014 in New York.
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.

Alumni News– August 18, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSilanis Technology releases e-signature solutions for Salesforce and Microsoft Dynamics CRM. See Silanis at FinovateFall 2014 in New York.
  • Michael Grillo of ACI Worldwide talks about the role of mobile devices in fighting payments fraud.
  • Klarna announces appointment of Jon Kamaluddin to its Board of Directors.
  • SumUp earns double-digit million dollar investment led by Life.SREDA
  • Xero’s Customer Experience team wins Bronze Stevie Award in 2014 International Business Award. Check out Xero’s presentation at FinDEVr in San Francisco this October.
  • TechCrunch: Coinbase acquires blockchain explorer, Blockr.io.
  • Silicon Angle: Why Cardlytics ditched sample data for its real-time analytics tactics.
  • EE Times reviews the similarities and differences between Ripple and bitcoin.
  • Forbes column on “the other sharing economy” profiles Expensify
  • Investors.com checks in with Betterment on strategies for meeting retirement financial challenges.
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.

SumUp Announces Double-Digit Million Dollar Investment Led by Life.SREDA

SumUp Announces Double-Digit Million Dollar Investment Led by Life.SREDA

Thumbnail image for SumUpHiLogo.jpg

There are many nice ways to qualify an “amount undisclosed” investment. But “double-digit million” is probably near the top of the list.

SumUp, specialists in the field of mobile point-of-sale (mPOS) technology, announced today that it had completed a new round of funding. Characterized by the company as a “double-digit million dollar” investment, the round was led by Life.SREDA, and featured participation from Groupon, BBVA Ventures, and other existing investors.

LifeSREDA_logo_jpeg
Like the company’s Series B round a year ago, the exact amount of this new investment was not made available. Last year’s investment was characterized as “multi-million euro”. 

Update: Crunchbase reports that the amount has been rumored at $13 million.

Daniel Klein, SumUP CEO, pointed to Life.SREDA’s experience in the fintech space worldwide. “Life.SREDA is building an eco-system of companies disrupting a wide range of financial services and products. We are happy to become a part of this network.”
For its part, Life.SREDA praised SumUp’s focus on “end-to-end payment capabilities” such as the company’s proprietary Chip & Pin terminal. Life.SREDA CFO Alex Ivanov said, “no other mPOS player in the world has focused so much on disrupting the actual technology behind the revolutionary mPOS business model.”
SumUp_homepage
SumUp says that the new capital will help fund building out its payments gateway, proprietary hardware, and operations systems. Part of this will be a push to help promote the company’s Chip & Pin terminal, called “PIN+” internationally.
Founded in 2011, SumUp is based in Dublin, Ireland. The company demoed its mPOS technology as part of FinovateEurope 2013, where SumUp earned Best of Show honors. See the company’s demo video here.

SumUp Announces Double-Digit Million Dollar Investment Led by Life.SREDA

SumUp Announces Double-Digit Million Dollar Investment Led by Life.SREDA

Thumbnail image for SumUpHiLogo.jpg

There are many nice ways to qualify an “amount undisclosed” investment. But “double-digit million” is probably near the top of the list.

SumUp, specialists in the field of mobile point-of-sale (mPOS) technology, announced today that it had completed a new round of funding. Characterized by the company as a “double-digit million dollar” investment, the round was led by Life.SREDA, and featured participation from Groupon, BBVA Ventures, and other existing investors.

LifeSREDA_logo_jpeg
Like the company’s Series B round a year ago, the exact amount of this new investment was not made available. Last year’s investment was characterized as “multi-million euro”. 

Update: Crunchbase reports that the amount has been rumored at $13 million.

Daniel Klein, SumUP CEO, pointed to Life.SREDA’s experience in the fintech space worldwide. “Life.SREDA is building an eco-system of companies disrupting a wide range of financial services and products. We are happy to become a part of this network.”
For its part, Life.SREDA praised SumUp’s focus on “end-to-end payment capabilities” such as the company’s proprietary Chip & Pin terminal. Life.SREDA CFO Alex Ivanov said, “no other mPOS player in the world has focused so much on disrupting the actual technology behind the revolutionary mPOS business model.”
SumUp_homepage
SumUp says that the new capital will help fund building out its payments gateway, proprietary hardware, and operations systems. Part of this will be a push to help promote the company’s Chip & Pin terminal, called “PIN+” internationally.
Founded in 2011, SumUp is based in Dublin, Ireland. The company demoed its mPOS technology as part of FinovateEurope 2013, where SumUp earned Best of Show honors. See the company’s demo video here.

Alumni News– August 15, 2014

  • Credit.com releases new version of its iPhone mobile app.
  • Pymnts: EBay in talks to accept Bitcoin through its Braintree unit.
  • Pymnts compares DoubleBeam to the Merchant Customer Exchange.
  • GoBank now holds mobile check deposits for less than 10 days.
  • Forbes features multiple Finovate financial management and wealth planning alums: LearnVest, Personal Capital, FutureAdvisor, SigFig, Wealthfront, Betterment, Motif, and Kapitall.
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.