Blog - Page 983 of 1287

Fintech Accelerator SixThirty Unveils Inaugural Class of Four Startups

By Julie Muhn (@julieschicktanz) Posted on October 3, 2013
Categories: MiiCard

Earlier this week, a new fintech accelerator emerged out of the Silicon Prairie. St. Louis-based SixThirty announced its inaugural class of four fintech startups, selected from a pool of 100 applicants, that will take part in the 16-week incubator program that starts next Monday.

This fall, SixThirty will invest a total of $400k in four participating startups:

Hedgeable, Matthew Kane and Michael Kane Hedgeable is a next generation Vanguard, providing low cost, risk managed investment products in response to the Financial Crisis. MiiCard, James Varga Through a patented process, miiCard leverages access to online financial accounts to verify an individual's identity beyond a photo ID through a simple process that occurs completely online in five to ten minutes. See miiCard's FinovateFall 2013 demo. Upside, Tom Kimberly and Juney Ham Upside uses innovative financial science and beautiful UI to provide goal-based investment management to mass affluent young professionals. XYverify…

Third Quarter 2013 Funding for Finovate Alumni — More than $171 Million Raised

By David Penn Posted on October 3, 2013
Categories: Azimo, Check, ERN, FTRANS, Kofax, LearnVest, Lendio, Meniga, Moven, Narrative Science, Numbrs, P2BInvestor, Ping Identity, Prestadero, Prosper, SafetyPay, Socure, SumUp, Taulia, Wipit

The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

Here is the Q3 summary for 2013:

July -- More than $63 million raised by eight companies FTRANS: $2.1 million -- blog post SumUp: undisclosed -- blog post LearnVest: $1.6 million -- blog post Meniga: $6.5 million -- blog post Prestadero: $400,000 -- blog post Ping Identity: $44 million -- blog post SafetyPay: $7 million -- blog post ERN Global: $1.6 million -- blog post August -- More than $26 million raised by six companies Lendio: $4.5 million -- blog post Taulia: $18 million -- blog post…

Finovate Alumni News– October 3, 2013

By Julie Muhn (@julieschicktanz) Posted on October 3, 2013
Categories: Banno, FIS, Kabbage, Leaf, MasterCard, SmartyPig, ValidSoft, Xero, Zooz

ValidSoft releases latest addition to the VALid suite of telecommunication based security products, Zero Latency Correlation. Kabbage partners with Xero to provide SMBs capital based on their online accounting data. Faces of Innovation features Wade Arnold, Banno CEO. FIS Global signs agreement to market ARM Insight's Prepaid Management Platform. MasterCard announces partnership with Parkeon to provide merchant offers, loyalty services via smart parking terminals. PYMNTS.com interviews ZooZ VP for business development, Noam Inbar. ISO & Agent talks about Moolah LLC's deployment of Leaf's LeafPresenter POS tablets. SmartyPig announces CorePro, the next generation of its savings solution which helps companies integrate savings accounts into their existing solutions. 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.

Last Chance for FinovateAsia 2013 Early-Bird Tickets!

By Eric Mattson Posted on October 2, 2013
Categories: Uncategorized

With FinovateAsia 2013 fast approaching in only 6 weeks, it is incredibly exciting to see how the event is shaping up.

We've just announced our awesome lineup of innovative companies who will be demonstrating the best new ideas in fintech. Their innovations leverage major trends including everything from big data to biometrics, gamification to visual analytics and much more.

In addition, the audience is growing on a daily basis with leading bank execs, major investors, expert industry analysts and cutting-edge fintech entrepreneurs. From the beginning Finovate events have attracted the most innovative minds in fintech and this FinovateAsia promises to continue that trend.

Don't believe me? Here is just a small sample of the organizations that have signed up to attend already.

American Express ANZ Bain & Co. Bank BTPN Bank of Singapore Bank Respublika BOC Group CIMB Bank Credit Suisse EFMA Forrester Research Goldman Sachs IDC Financial Insights INSEAD…

Last Chance for FinovateAsia 2013 Early-Bird Tickets!

By Eric Mattson Posted on October 2, 2013
Categories: FinovateAsia 2013

With FinovateAsia 2013 fast approaching in only six weeks, it is incredibly exciting to see how the event is shaping up.

We've just announced our awesome lineup of innovative companies that will be demonstrating the best new ideas in Asian fintech. Their innovations leverage major trends including everything from big data to biometrics, gamification to visual analytics and much more.

In addition, the audience is growing on a daily basis with leading bank execs, major investors, expert industry analysts and cutting-edge fintech entrepreneurs. From the beginning Finovate events have attracted the most innovative minds in fintech, and this FinovateAsia promises to continue that trend.

Don't believe me? Here is just a small sample of the organizations that have signed up to attend already.

American Express ANZ Bain & Co. Bank BTPN Bank of Singapore Bank Respublika BOC Group CIMB Bank Credit Suisse EFMA Forrester Research Goldman Sachs IDC Financial Insights…

CardFlight Secures $1.6 Million in Seed Funding from ff Venture Capital

By David Penn Posted on October 2, 2013
Categories: CardFlight

A big funding week for Finovate alumni just got bigger: innovative payment processor CardFlight (FinovateSpring 2013) just announced that it had raised $1.6 million in seed capital.

The funding was led by ff Venture Capital. Also participating were:

Payment Ventures Apostolos Apostolakis Entrepreneurs Roundtable Accelerator Plug & Play Ventures Great Oaks Venture Capital CardFlight provides an offline payment processing solution billed as the "easiest way to integrate card-present payments into your mobile app." The company's encrypted card reader works with almost any iOS or Android device. And with CardFlight's secure SDK, the technology supports most payment processors including First Data, Stripe, and TSYS. Who needs this stuff? According to Derek Webster, founder and CEO of CardFlight, everything from event ticketing to CRM apps are the kind of environments that can benefit from offline payment processing options. Interestingly, the majority of CardFlight's clients are larger businesses looking white-label the…

Quantopian Raises $6.7 Million in Series A Round

By David Penn Posted on October 2, 2013
Categories: Quantopian

In a week that already has seen funding announcements from Finovate alums, azimo and Leaf, here comes news that Quantopian (FinovateSpring 2013) is also on the receiving end of a major capital infusion.

Quantopian announced today that the company had secured $6.7 million in its latest funding round. Participating in the Series A were Khosla Ventures and seed capital investor, Spark Capital. This puts Quantopian's total capital at more than $8 million. The company raised $2.1 million in seed financing at the beginning of the year.

Quantopian Live Trading provides quantitative traders and investors with a browser-based algorithmic trading platform. Users can build and share their own algorithms, as well as take advantage of historical backtesting and real-time, simulated trading features. The technology also allows traders to execute their algorithms directly from the Quantopian platform itself.

The company has a userbase of 10,000, which…

Online Lender Kabbage Partners with Cloud Accounting Software Provider Xero to Provide SMBs Capital Based on Their Online Accounting Data

By Julie Muhn (@julieschicktanz) Posted on October 2, 2013
Categories: Kabbage, Xero

Two Finovate alums are joining forces to better provide online small businesses with working capital.

Atlanta-based Kabbage announced yesterday that it has partnered with New Zealand-based Xero to use small business' accounting data to underwrite loans.

Through this partnership, Xero's customers will be able to receive an answer on an underwriting decision in fewer than 10 minutes.

This is Kabbage's fourth major underwriting and distribution partnership in the past six months. Integrations with Authorize.net, Quickbooks, Stripe have also provided enhanced ways to underwrite small business loans.

Kabbage debuted its Quickbooks financing platform at FinovateSpring earlier this year.

Xero showcased its Business Identification method at FinovateSpring 2011.

Finovate Alumni News– October 2, 2013

By Julie Muhn (@julieschicktanz) Posted on October 2, 2013
Categories: ACI Worldwide, BehavioSec, Billhighway, FIS, Quantopian, Tradeshift

Billhighway 3-peats with "Metropolitan Detroit Best and Brightest Company to Work For" 2013 win. BehavioSec awarded DARPA Phase 2 contract. Spend Matters interviews Tradeshift CEO, Christian Lanng. ACI Worldwide embraces Experian Decision Analytics decisioning solution. FIS announces partnership with Australian debit card system eftpos to build payments hub. Quantopian raises $6.7 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.

Leaf Raises $20 Million from Heartland Payment Systems

By David Penn Posted on October 1, 2013
Categories: Leaf

Hiring more talent and accelerating development of its point-of-sale payment processing systems is what Leaf plans to do with the $20 million in new funding from Heartland Payment Systems.

The financing is a major step up from the $4 million in funding the company had as of its FinovateSpring appearance in May.

Leaf specializes in providing a mobile payment platform for small businesses. The company's LeafPresenter tablet accepts payments, provides business analytics, and makes it easier for businesses to transact with customers using a variety of payment options.

Aron Schwarzkopf, CEO and co-founder of the Cambridge, Massachusetts-based Leaf, says that he expects his company to be processing payments at an annualized rate of $500 million by the end of 2013.

Heartland Payment Systems is a national payments provider, headquartered in Princeton, New Jersey. The company processes more than 11 million transactions daily, and more than $80 in payments a…

Finovate Alumni News– October 1, 2013

By Julie Muhn (@julieschicktanz) Posted on October 1, 2013
Categories: Bright Funds, Cardlytics, CurrencyFair, Leaf, Personal Capital, planwise, Taulia

Newsday features planwise. Personal Capital to open Denver office. Purchasing Insight reports: Taulia to bolster their presence in Europe. Cardlytics announces new brand identity, including new logo and redesigned website. CurrencyFair wins "Most Insightful & Intriguing Internet Innovation" at IIA Net Visionary Awards. Leaf raises $20 million from Heartland Payment Systems. Bright Funds announces support for PayPal. 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.

Azimo Announces $1M Seed Round for European Expansion

By David Penn Posted on September 30, 2013
Categories: Azimo

As far as Azimo is concerned, the "M" in Monday might as well stand for "Million Dollar Seed Round."

FinovateEurope alum Azimo announced that it has raised "just over" $1 million in seed funding from existing investors.

The seed round was led by the European division of venture capital firm, eVentures, and included investment from Matt Cooper, founder of Capital One. The $1 million is slated to help the U.K.-based money transfer startup successfully expand to the Continent.

The new funding puts Azimo's total capital at approximately $1.5 million. The company announced an angel investment of 300,000 pounds ($480,000 USD) in January of this year. TechCrunch is reporting that Azimo's European expansion will begin in Germany. Other nations targeted include France, Ireland, the Netherlands, and Spain. Azimo provides a simple and secure money transfer service that allows people to transfer money via PC or mobile device in more than 125…