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At the Beginning of the Apple Pay Era, FinDEVr Brings Builders Back into the Spotlight

By David Penn Posted on September 15, 2014
Categories: FinovateFall 2014

What are fintech developers up to in the newly-christened Age of Apple Pay?

Long before anyone had a clue what was going on with payments in Cupertino, fintech developers were busy at work building on many of the innovations that have already helped put financial technology in the same conversation as the latest consumer electronics gadget and the hottest trends in social media.

So it is no surprise to find these developers bringing many of the same themes that dominant tech headlines to FinDEVr: the first event for fintech developers.

FinDEVr is a unique opportunity for software architects, product engineers, and other builders to meet, network with, and learn from the professionals whose technology is behind some of the most widely deployed financial goods and services in the world.

With presentations and workshops from industry veterans ranging from Avoka to Yodlee (see the full line up here), FinDEVr is an ideal setting for developers to make key contacts, discover new tools and technologies, and jumpstart their own projects.

Coming to San Francisco’s UCSF Mission Bay Conference Center, FinDEVr begins Tuesday, September 30 and continues through Wednesday, October 1. To get your tickets and save your spot, visit our registration page.

And be sure to join the FinDEVr community while you’re at it. We’ve partnered with Bizzabo to make it even easier to find, meet, and get to know your fellow attendees before, during, and after the event.

If you’ve registered to attend FinDEVr, then you’re set. Just download the Bizzabo app (available for both iOS and Android) and use the same email address you used to register for the conference to log in to Bizzabo. Search for “FinDEVr” and you’re ready to go.

Questions? Send us an email at [email protected].

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Alumni News– September 15, 2014

By David Penn Posted on September 15, 2014
Categories: Allied Payment Network, Betterment, Braintree, Coinbase, Feedzai, HelloWallet, Kalixa, Lending Club, Monitise, Moven, ProfitStars, Rippleshot, SocietyOne

Moven CEO Brett King says Apple Pay anticipates the end of physical bank cards.

United Way Worldwide now accepts bitcoin courtesy of Coinbase.

Monitise releases fiscal year 2014 financial results; announces new strategic partnership with Santander.

Business Spectator looks at how Apple, Google, Lending Club, and SocietyOne are part of “banking’s double disruption.”

Allied Payment Network announces integration of FlexPay with PicturePay.

Feedzai teams up with Azul Systems to speed its real-time data analysis.

The Washington Post features Betterment and HelloWallet.

Millicom and Kalixa partner to offer payment acceptance services for businesses and consumers in Africa and Latin America.

ProfitStars introduces Gladiator Hosted Network Solutions to enable FIs to move their IT infrastructures to the cloud.

Rippleshot, Braintree highlighted in Chicago Tribune column as examples of local contributors to the commerce infrastructure.

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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Tink Raises $4 Million in Series A Round

By David Penn Posted on September 12, 2014
Categories: Tink

In a round led by Sunstone Capital, Swedish personal finance management innovator Tink raised $4 million in new funding.

The capital will help fuel the company’s expansion internationally, as well as help grow the team and continue product development.

Also participating in the round was entrepreneur Sven Hagströmer, along with additional existing investors. The investment brings the company’s total capital to $4.8 million.

The investment also brings Christian Lindegård Jepsen, Sunstone Capital general partner and co-founder, to Tink’s board of directors, Jepsen specifically referenced the “beautiful UI” of Tink’s PFM app, as well as the degree of automation, which he said would help speed adoption.

Tink CEO and founder Daniel Kjellén echoed this point, saying “the fact that Tink is fully automated and everything is presented in a feed format makes it useful even if you only have two minutes to spare.”

Tink has more than 200,000 users, with the average “Tinker” being a 23 year old female who uses the app two to three times a week, according to the company. The app is available for both iOS and Android.

Based in Stockholm, Sweden, Tink demoed its technology at FinovateEurope 2014 in London, where it won Best of Show. See the company in action here.

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Fintech Fundings: 11 Companies Raise $193 million in Week Ending Sep 12

By Jim Bruene Posted on September 12, 2014
Categories: Funding

Perhaps competition from Apple kept U.S. fintech quiet on the funding front this week. Through mid-day Friday, only 11 companies had announced fundings. But thanks to $77 million going to Chinese fintech companies, the total was an impressive $92 million, a $5 billion annual run rate!

Then Friday afternoon it was widely reported that Square had raised another $100 million. If that’s confirmed, the weekly total will be a monster $192 million.

But the big news around our offices was the $4 million A-round by Finovate Best of Show winner Tink. Tink is a Swedish mobile PFM with a killer UI (see full post here).

Here are the fundings in order of size from Sep 5 to Sep 12, 2014:

Square
Mobile payment acquiring

Latest round: $100 million (at $6 billion valuation)

Total raised: $540 million ($440 million equity, $100 million debt)

Tags: Mobile, POS, acquirer, California

Source: Crunchbase

Snowball Finance

Chinese investment information provider

Latest round: $40 million

Total funding: $53 million

Tags: Investing, China

Source: Crunchbase

Jimubox

Chinese peer-to-peer lending startup

Latest round: $37.2 million

Total raised: $47.2 million

Tags: Crowdfunding, P2P, lending, mortgage, SMB, China

Source: Crunchbase

HomeUnion

Real estate investing platform

Latest round: $5.5 million

Total funding: $5.5 million

Tags: Crowdfunding, home buying, mortgage, California

Source: Crunchbase

Tink

Swedish mobile-optimized financial management

Latest round: $4 million
Total raised: $4.8 million

Tags: PFM, mobilie banking, Sweden, Finovate Best of Show

Source: Finovate

Asset Avenue

Crowdfunding platform for commercial real estate

Latest round: $3 million
Total raised: $3 million

Tags: P2P, lending, credit, mortgage, investing, California

Source: Crunchbase

Kueski

Microlending in Latin America

Latest round: $1.3 million

Total funding: $1.3 million

Tags: Lending, credit, Mexico

Source: Crunchbase

Payoneer

Payment enabler for mobile and online commerce

Latest round: $1 million

Total funding: $40 million

Tags: Cards, mobile payments, prepaid, New York

Source: Crunchbase

ExpenseBot

Expense reporting software

Latest round:$175,000

Total raised: $1.1 million

Tags: PFM, accounting, SMB, predictive analytics, big data, Cleveland, Ohio

Source: Crunchbase

Pushing Innovation

For-profit startup helping fund primary research

Tags: Fund-raising, payments, philanthropy, payments, California

Latest round: $150,000

Total raised: $150,000

Source: Crunchbase

Funded ByMe

Equity crowdfunding platform

Latest round: Undisclosed

Total raised: More than $540,000

Tags: Crowdfunding, SMB, lending, Sweden

Source: Crunchbase

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Alumni News– September 12, 2014

By David Penn Posted on September 12, 2014
Categories: Kony Solutions, MiiCard, Payfone, Q2, Tink, TSYS

miiCard launches DirectID to enable verification for high value transactions online.

FinovateFall 2014: Meet the People in Your Fintech Neighborhood.

First Trade Union Bank (+$700M in assets) deploys Q2platform from Q2.

TSYS and iMobile3 partner to Provide Apple Pay Integration.

Payfone announces release of new Mobile Identity as an Experience Platform.

Kony wins first place at 2014 CTIA MobITs Awards.

Tink raises $4 million in Series A round.

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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FinDEVr 2014 Last Chance for Early-Bird Tickets!

By Jim Bruene Posted on September 11, 2014
Categories: Uncategorized

FinDEVr San Francisco 2014 — our first event ever focused on fintech developers — is less than three weeks away and we are getting very excited!

After months of anticipation, we’ve announced the full presenter roster and action-packed two-day agenda. The show is going to be an incredible showcase of the tools, platforms and APIs that are being used to build the next generation of fintech innovation.

Tickets are selling quickly ahead of the early-bird ticket deadline this Friday (register now to save) and we’re expecting a crowd of 400-500 innovators.

In case you’re curious, here is a small sample of the organizations that are attending:

American Express
Ameriprise Financial
Avoka
Backbase
BancVue
BehavioSec
BlackRock
Bloomberg
Bluefin
C-SAM
Capital One
Cardflight
CIBC
Cloud Lending
Crosslink Capital
Devonshire Investors
Diebold
Eshtapay
E*TRADE
EVO Snap
Exchange Bank

Experian
Filene
Financial Apps
Finicity
First Republic Bank
Fiserv
Forte Payment Systems
Franklin Templeton
GoDaddy
Google
GTE Financial
Incomm
Intuit
Javelin Strategy
LexisNexis
Life.SREDA
MACU
MasterCard
Mergermarket
Mifos Initiative
Modo

OnDeck
Paradigm4
PayNearMe
PayPal
PSCU
SF Fire CU
StockTwits
Target
TD Ameritrade
Tradier
USAA
UW Credit Union
VentureBeat
Visa
Wells Fargo
Western Union
Worldpay
Xero
Xignite
Yodlee
And many more!

If you and/or your technical colleagues are interested in attending to learn about the latest innovations for fintech builders, tickets are on sale at the early-bird discount of $100 off through Friday September 12th.

We’ll see you there!

FinDEVr San Francisco 2014’s VC sponsor is: Life.SREDA

FinDEVr San Francisco 2014 is partners with: BankersHub, BayPay Forum, California Bankers Association, fin-tech.org, Hotwire, Mercator, PaymentWeek & The Paypers

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FinDEVr 2014 Last Chance for Early-Bird Tickets!

By Eric Mattson Posted on September 11, 2014
Categories: Uncategorized

FinDEVr San Francisco 2014 — our first event focused on fintech developers — is less than three weeks away and we are getting very excited!

Tickets are selling quickly ahead of the early-bird ticket deadline this Friday (register now to save) and we’re expecting a crowd of 400-500 innovators.

In case you’re curious, here is a small sample of the organizations that are attending:

American Express
Ameriprise Financial
Avoka
Backbase
BancVue
BehavioSec
BlackRock
Bloomberg
Bluefin
C-SAM
Capital One
Cardflight
CIBC
Cloud Lending
Crosslink Capital
Devonshire Investors
Diebold
Eshtapay
E*TRADE
EVO Snap
Exchange Bank

Experian
Filene
Financial Apps
Finicity
First Republic Bank
Fiserv
Forte Payment Systems
Franklin Templeton
GoDaddy
Google
GTE Financial
Incomm
Intuit
Javelin Strategy
LexisNexis
Life.SREDA
MACU
MasterCard
Mergermarket
Mifos Initiative
Modo

OnDeck
Paradigm4
PayNearMe
PayPal
PSCU
SF Fire CU
StockTwits
Target
TD Ameritrade
Tradier
USAA
UW Credit Union
VentureBeat
Visa
Wells Fargo
Western Union
Worldpay
Xero
Xignite
Yodlee
And many more!

We’ll see you there!

FinDEVr San Francisco 2014’s VC sponsor is: Life.SREDA

FinDEVr San Francisco 2014 is partners with: BankersHub, BayPay Forum, California Bankers Association, fin-tech.org, Hotwire, Mercator, PaymentWeek & The Paypers

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miiCard Launches DirectID to Enable Verification for High Value Transactions Online

By David Penn Posted on September 11, 2014
Categories: MiiCard

Online Identity as a Service (IDaaS) innovator miiCard announced the launch of DirectID, a technology that provides an embedded, integrated verification solution that makes it easier for financial services providers to securely and swiftly process high value transactions online.

miiCard CEO James Varga said, “DirectID allows business to unlock the incredible potential of new consumer finance offerings by eliminating fraud, meeting complex new regulatory requirements, and saving time and money.”

DirectID is a single-use sign-on that leverages the customer’s bank credentials and credit bureau data to verify both identity and transaction data. What’s key is the fact that DirectID provides what Varga referred to as an “all-in-one solution” that is especially helpful for the kind of affordability and other testing often involved in high value online transactions.

And many of those high value transactions are likely to come from alternative lenders, which helps explain why Landbay and eMoneyUnion.com, a pair of P2P lenders, are among DirectID’s early adopters. DirectID is available as a white label solution, as well. Read more about the technology here.

miiCard also announced on Thursday that the company was opening an office in St. Louis, Missouri, and appointing Peter Esparrago as President of North America. Esparrago is a former Accenture Partner, as well as Co-Founder and General Partner of venture capital firm, Cultivation Capital.

miiCard was founded in September 2011, and is headquartered in Edinburgh, Scotland. See the company’s FinovateFall 2013 demo here. And get to know miiCard CEO James Varga in our Finovate Interview.

And for developers and other fans of enabling technologies like this, remember that FinDEVr less than a month away on September 30 and October 1. Find out more here.

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FinovateFall 2014: Meet the People in Your Fintech Neighborhood

By David Penn Posted on September 11, 2014
Categories: FinovateFall 2014

FinovateFall 2014 is only a few weeks away. And if you are still among those who have not yet picked up your tickets, here’s a reminder of the kinds of folks who have already registered to be in attendance at what promises to be our largest FinovateFall to date.

As always we’ll have the Presidents, CEOs, Directors, and SVPs, the key deciders at innovators and enterprises large and small. But take a closer look below.

Chief Creative Officers, Innovation Strategists, and Software Architects will also be on hand … to say nothing of the managers, analysts and partners who handle everything from acquiring talent to coordinating strategy to investing capital.

Lights go up at FinovateFall 2014 on Tuesday, September 23, and the conference continues through Wednesday. 72 companies. 300 minutes of high-quality networking. 500 minutes of live demos. And an audience likely to top 1,200. What’s not to look forward to about FinovateFall 2014?

There’s no better way to meet the people in your fintech neighborhood than being a part of FinovateFall. To pick up your tickets today, visit our registration page here. And if you’ve already registered, be sure to join the FinovateFall 2014 community on Bizzabo.

FinovateFall 2014 is sponsored by The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, LLP, Life.SREDA, The St. Louis Financial Forum, UK Trade & Investment, Visa, Wells Fargo, Xignite, and Zion’s Direct.

FinovateFall 2014 is partnered with Aite Group, American Bankers Association, Bank Innovators Council, Bankers Hub, Bob’s Guide, California Bankers Association, The Canadian Trade Commissioner Service, Celent, Filene Research Institute, Hotwire, Javelin Strategy & Research, Mercator Advisory Group, NYPAY, Payment Week, The Paypers, SME Finance Forum, and Visible Banking.

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Alumni News– September 11, 2014

By Julie Muhn (@julieschicktanz) Posted on September 11, 2014
Categories: Braintree, Check Point, Coinbase, Darwinex, Dealstruck, Kalixa, Lendio, Oink, Top Image Systems, Xero

Archer Daniels Midland deploys Tradeshift’s Collaborative Workflow system.

Coinbase opens its doors to European customers in 13 countries.

Dealstruck and Lendio partner to provide capital to Jidan Cleaning.

Oink releases v 2.0 of its app to improve mobile shopping experience and allow users to favorite retailers.

LightCyber partners with Check Point Software to provide breach detection and response.

Stitch Labs features Xero on its list of four apps for multichannel sellers this holiday season.

Forex Magnates takes a look at the latest upgrades to Darwinex’s trading platform.

Kalixa partners with Millicom to launch new payments service venture in Latin America and Africa.

Top Image Systems announces new subsidiary TIS Australia.

PYMNTS: Braintree CEO Bill Ready talks about ApplePay with MPD CEO Karen Webster.

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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FinDEVr Preview: MasterCard Developer Zone

By Julie Muhn (@julieschicktanz) Posted on September 10, 2014
Categories: FinDEVr San Francisco 2014, MasterCard Developer Zone

Global payments company, MasterCard, will be showing off its Developer Zone at FinDEVr in San Francisco this September 30 and October 1.

While MasterCard has a long history in fintech, it is also on the cutting edge of future technologies (as seen with its recent partnership with Apple). At FinDEVr, MasterCard will showcase APIs in its presentation and three workshops.

Early bird pricing ends this Friday, September 12 so get your ticket now to save.

MasterCard is a technology company in the global payments industry. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.

MasterCard’s products and solutions make everyday commerce activities easier, more secure and more efficient for everyone.

Why it’s great for developers:

1) Robust, proven and secure. That’s what businesses and developers need and are focused on. MasterCard provides it like no one else.

2) MasterCard offers services to address improving the shopping experience or making it safer. It is more than payment. MasterCard is a Technology Company and its expertise is a valuable tool for any developer.

3) MasterCard Developer Zone is the window into MasterCard technology. This is where it offers access to a suite of APIs, Tools and SDKs, including its popular Simplify Commerce or the digital wallet, MasterPass, sophisticated payment processing, peer-to-peer payments – all, and more, are now available, for the first time.

Keynote: Open for Business and Beyond – MasterCard Developer Zone

Come and discover how MasterCard has become a technology company and is sharing its resources with developers.

Workshops:

1) MasterCard Developer Zone: Under the Hood – Building a developer product and program

2) MasterCard Developer Zone: Selecting the right APIs and driving innovation

3) A Big Company in a Startup World (Building a global digital payment network with regions in mind)

Here are some previews you may have missed over the past few weeks:

We’ll also preview the remaining 46 companies in the weeks leading up to FinDEVr, so keep a look out for those, as well.

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iQuantifi Partners with MoneyDesktop to Use its Aggregation Engine

By Julie Muhn (@julieschicktanz) Posted on September 10, 2014
Categories: iQuantifi, MoneyDesktop

It’s quite common for Finovate alums to partner. It is more rare, however, for two previous Best of Show winners to work together.

That is what happened this week with iQuantifi and MoneyDesktop, two companies who will demo at the

upcoming FinovateFall show in New York. As a part of the partnership, iQuantifi will use MoneyDesktop’s aggregation technology to help iQuantifi users gain an even more comprehensive view of their finances.

iQuantifi, whose aim is to help users achieve their financial goals, is known for its platform that helps consumers create a holistic financial plan. Specifically, it will use MoneyDesktop’s technology to help:

Simplify on boarding, making it easier and faster for users to pull information from all their financial accounts
Enhance transaction categorization
Make goal tracking more accurate

iQuantifi launched its platform at FinovateSpring 2012, where it won Best of Show.

MoneyDesktop, a 4-time Best of Show winner, last demonstrated at FinovateFall 2013.

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