Alkami Technology

Alkami Agrees to Acquire Financial Data Analytics Company Segmint

Alkami Agrees to Acquire Financial Data Analytics Company Segmint
By David Penn Posted on
Categories: Alkami Technology, Alumni News, Daily news, Mergers & Acquisitions, Segmint
  • Alkami has entered a definitive agreement to acquire financial analytics company Segmint for $135.5 million in cash.
  • The acquisition will combine Segmint’s data insights with Alkami’s digital account opening and digital banking technology.
  • Both companies are Finovate alums. Alkami made its Finovate debut as iThryv in 2009. Segmint made its most recent Finovate appearance at FinovateFall in 2012.

Another day, another big acquisition in the fintech space. Today we learned that cloud-based digital banking solutions provider Alkami Technology has agreed to acquire Segmint, a financial data analytics and transaction cleansing specialist. Alkami will pay $135.5 million in cash for the Cuyahoga Falls, Ohio-based company, and expects its total addressable market to grow by $1 billion courtesy of the acquisition.

“Our customers want to deepen their customer relationships and grow revenue,” Allkami CEO Alex Shootman said. “To do so, they must transform raw account and transaction data into insights that lead to highly personalized communications. Segmint applies machine learning to transaction data to help FIs better understand their account holders and automates messaging with incredible precision and personalization across multiple channels.”

The acquisition will enable financial institutions partnered with Alkami to benefit from the combination of data sets from both Alkami and Segmint. In addition to providing a more comprehensive view of account holders, the combination also will bring greater precision and additional use cases to Segmint’s data models. Further, financial institutions will be able to use this data to leverage digital banking to better target, engage, and build customer relationships.

Approved by the boards of directors of both companies, as well as Segmint stockholders, the acquisition is expected to close in Q2 of this year – assuming regulatory approvals and customer closing conditions are met.

As we noted, the Alkami/Segmint acquisition is the second big fintech acquisition involving a Finovate alum this week. We reported yesterday that Canadian identity verification company – and Finovate Best of Show winner – SecureKey – agreed to be acquired by digital security and privacy company Avast.

Photo by Anthony

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Bitcoin Comes to the Mountain West Courtesy of NYDIG, Alkami, and Idaho Central Credit Union

Bitcoin Comes to the Mountain West Courtesy of NYDIG, Alkami, and Idaho Central Credit Union
By David Penn Posted on
Categories: Alkami Technology, Alumni News, Daily news

A partnership between cloud-based digital banking solution provider Alkami Technology and Idaho Central Credit Union will enable ICCU members to buy and sell bitcoin within their mobile apps and on the credit union’s online banking platform. Bitcoin services are provided by cryptocurrency technology company NYDIG with Alkami’s platform facilitating the deployment.

Claiming the mantle of both the fastest growing credit union in the state, as well as one of the best performing credit unions in the country, ICCU Chief Information Officer Mark Willden said that adding new services such as bitcoin investing are key to ensuring that the credit union maintains its “momentum” and “deliver(s) additional value.” He added, “Fully integrated bitcoin services through NYDIG and the Alkami Platform take us to the next level when it comes to the member experience.”

Idaho Central Credit Union was founded in 1940 and serves more than 480,000 members throughout the state. With 1,600+ employees, ICCU has more than $8 billion in assets.

NYDIG works with Alkami to allow financial institutions to offer their customers and members bitcoin services in a secure and compliant way. NYDIG joined Alkami’s Gold Partner Program over the summer, making it easier for financial institutions to add bitcoin products and services to their offerings and provide them to their customers and members under their own brand.

“The demand for and utilization of digital currencies have expanded exponentially in recent months, leaving many FIs struggling to keep pace and retain these deposit streams within their institution,” Alkami Chief Strategy & Sales Officer Stephen Bohanon said. “Alkami’s partnershp with NYDIG further supports our mission to enable FIs to compete directly against the megabanks and challenger banks to capture this valuable market.”

A Finovate alum since 2009, making its Finovate debut as iThryv, Alkami has grown into a leading cloud-based digital banking solution provider with more than 280 financial institution customers. The company went public this spring, earning a market capitalization of $3.4 billion in its debut on the NASDAQ. Trading under the ticker ALKT.O, the Plano, Texas-based firm raised $180 million in its IPO.

Since its public listing, Alkami has forged a number of partnerships with financial institutions including STAR Bank in November and MainStreet Bank in October. Also this fall, the company announced its acquisition of digital account opening and loan origination provider MK Decision and introduced its new Chief Executive Officer Alex Shootman, formerly the CEO of Workfront. Alkami Board of Directors Chairperson Brian R. Smith said Shootman’s experience in “growing and scaling enterprise software companies” was “essential at this stage of Alkami.”

Today’s announcement from Idaho Central CU comes as NYDIG reports a massive $1 billion growth equity round that gives the company a valuation of $7 billion. The round was led by WestCap and featured participation from Bessemer Venture Partners, FinTech Collective, Affirm, FIS, Fiserv, MassMutual, Morgan Stanley, and New York Life.

The New York-based company now has a total capital of $1.4 billion. The new investment will help NYDIG further develop its platform, taking advantage of recent changes to the bitcoin protocol to introduce functionalities such as bitcoin and lightning payments, asset tokenization, and smart contracts. The company will also use the new funding to add talent to its team worldwide.

“Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider of Bitcoin solutions for businesses in any industry,” NYDIG co-founder and CEO Robert Gutmann said. “(This) new equity capital will further accelerate progress towards making this exciting network accessible – and useful – to all.”

Photo by Binyamin Mellish from Pexels

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Alkami Announces IPO

Alkami Announces IPO
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, IPO

We reported earlier this year that cloud-based digital banking solutions provider Alkami was heading toward an IPO. Today, the Texas-based company has confirmed rumors.

Alkami will to list on the NASDAQ under the ticker symbol ALKT, launching 6,000,000 shares of common stock. Shares will be priced between $22 and $25. The company believes it will to raise up to $250 million via its IPO, which would value Alkami at $3 billion.

“We currently expect to use the net proceeds from this offering, together with our existing cash and cash equivalents, to finance our growth, develop new or enhanced solutions, and fund capital expenditures,” the company said in a statement.

Alkami offers solutions for both retail and business banking. The subscription-based offerings include tools for money transfer capabilities, financial wellness, customer service, security, and more. And because the company is built on an open platform, banks can leverage third party solutions to customize their offerings even further.

According to Alkami’s S-1 document filed with the SEC, the company saw revenues of $112 million last year, representing a 150% increase over 2019 revenues. Alkami has received more than $385 million from nine investors, including Franklin Templeton Investments, Fidelity Management and Research Company, and D1 Capital partners.

Founded in 2009 as iThryv, Alkami counts 151 bank clients representing 9.7 million end users. Mike Hansen is CEO.

Photo by Meriç Dağlı on Unsplash

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Cloud Banking Technology Innovator Alkami Eyes IPO in 2021

Cloud Banking Technology Innovator Alkami Eyes IPO in 2021
By David Penn Posted on
Categories: Alkami Technology, Alumni News, Daily news, IPO

Who needs a SPAC to go public? According to Reuters, cloud-based digital banking technology provider Alkami is looking to enter the public markets the old-fashioned way: with an IPO.

The Reuters report cites sources who requested anonymity, and neither Alkami nor Goldman Sachs – who has been reportedly engaged to lead IPO preparations – have commented on any specific IPO plans Alkami might have. Sources say that an initial public offering could earn the company a valuation of $3 billion and give the state of Texas its next fintech unicorn.

Alkami has raised more than $385 million in funding from investors including D1 Capital Partners, General Atlantic, and MissionOG. The company secured $140 million in its last round in September, and acquired fellow Finovate alum ACH Alert a month later.

“Alkami continues to be the go-to partner for FIs wanting to accelerate their digital strategies, plans and results,” company CEO Mike Hansen said when the acquisition was announced. “Together with ACH Alert, we expect to continue to create and deliver winning digital solutions to our clients and their consumer and business digital users.”

Founded as iThryv and making its Finovate debut under that name in 2009, Alkami has grown into a digital banking technology innovator with more than 160 clients, 10+ million users, and $130 million in annually recurring revenue. The company’s platform provides a complete digital banking solution with user onboarding, engagement, and account servicing functionality for both retail and business customers. Users can take advantage of both Alkami’s products as well as third-party services and solutions courtesy of more than 230 integrations.

Named to the 2020 CB Insights Fintech 250 last fall, Alkami recently added a number of women to leadership positions within and around the company. This included inviting financial services veterans Merline Saintil (formerly of Intuit) and Barbara Yastine (formerly of Ally Bank) to join its Board of Directors and hiring former Hewlett Packard Enterprise executive Allison Cerra as Alkami’s new Chief Marketing Officer.

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Digital Banking Platform Alkami Raises $140 Million

Digital Banking Platform Alkami Raises $140 Million
By David Penn Posted on
Categories: Alkami Technology, Funding

In a round led by D1 Capital Partners, cloud-based digital banking technology platform Alkami has secured $140 million in new funding. The investment takes the company’s total capital to more than $378 million and comes as the firm reaches nearly 10 million digital users under contract.

“We are proud to add world class crossover investors to our strong existing investor base, supporting Alkami’s mission,” company CEO Mike Hansen said. “We inspire and power the digital strategies of financial institutions as they seek to grow confidently and build thriving digital communities.”

Also participating in the venture round were Fidelity Management & Research Company, Franklin Templeton, and Stockbridge Investors.

The financing also comes just a few weeks after the company learned it had made CB Insights roster of top 250 fastest-growing fintechs. This year’s cohort was selected out of a pool of 16,000 companies. Also this month, Alkami topped $130 million in annual recurring revenue under contract, as the company onboarded its 165th digital banking platform client.

“Our clients are among the best performing and fastest growing FIs in the country, in part due to the strength and velocity of our platform, solutions, and ecosystem,” Hansen added. “Together we are creating and delivering winning digital solutions to our clients’ customers, members, and businesses.”

Last month, Alkami announced that it had teamed up with fellow Finovate, multiple Best of Show winner Glia, integrating its Digital Customer Service platform as part of Alkami’s suite of online offerings. “With Glia, banks and credit unions can break down the walls of traditional customer support by meeting customers online and guiding them to quick and satisfying resolutions,” Glia co-founder and CEO Daniel Michaeli said. “By partnering with Alkami, we are making digital-first customer service more easily accessible to premier financial institutions and their users.”

Headquartered in Plano, Texas, Alkami is among Finovate’s oldest alums, demonstrating its technology as iThryv back in 2009.

Photo by nagaraju gajula from Pexels

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Finovate Alums Earn Spots on Deloitte’s 2019 Technology Fast 500

Finovate Alums Earn Spots on Deloitte’s 2019 Technology Fast 500
By David Penn Posted on
Categories: Alkami Technology, Dashlane, EVERFI, Feedzai, Juvo, Kabbage, Lendio, Passport, Payfone, SheerID, Signifyd, Unison, WealthForge, WorkFusion

Of the 500 fastest growing technology companies in North America right now, how many have demonstrated their technology live on the Finovate stage?

The answer, courtesy of Deloitte’s just-released 2019 Technology Fast 500 ranking, is a full, baker’s dozen of thirteen innovative firms that have introduced their solutions to Finovate audiences. Update: 11/13: Make that 14 companies!

“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” Deloitte Vice Chairman Sandra Shirai said. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”

Making the top 20 of Finovate alums making the cut was Unison, which made its Finovate debut at FinovateSpring in 2017, winning Best of Show. Unison’s HomeBuyer and HomeOwner solutions help make homes more affordable and home equity easier and less expensive to access.

Also notable on Deloitte’s list is the appearance of two of our newest alums – SheerID and EVERFI – which demonstrated their solutions earlier this year at FinovateSpring.

Check out all the Finovate alums that made the list below. We’ve included their Technology Fast 500 rank, three-year revenue growth rate, headquarters location, and a link to the company’s most recent Finovate demo video.

Unison
Rank #19
Growth 5,280%
San Francisco, California
FinovateFall 2017

Signifyd
Rank #115
Growth: 1,084%
San Jose, California
FinovateSpring 2013

Juvo
Rank #122
Growth: 1,036%
San Francisco, California
FinovateFall 2016

WorkFusion
Rank #129
Growth: 974%
New York City, New York
FinovateFall 2014

Alkami
Rank #130
Growth: 958%
Plano, Texas
FinovateSpring 2009 (as iThryv)

Payfone
Rank #185
Growth: 596%
New York City, New York
FinovateFall 2012

Passport
Rank #214
Growth: 510%
Charlotte, North Carolina
FinovateEurope 2016

Feedzai
Rank #231
Growth: 472%
San Mateo, California
FinovateEurope 2014

SheerID
Rank #243
Growth: 450%
Portland, Oregon
FinovateSpring 2019

WealthForge
Rank #297
Growth: 359%
Richmond, Virginia
FinovateSpring 2016

Dashlane
Rank #348
Growth: 282%
New York City, New York
FinovateEurope 2013

Lendio
Rank #378
Growth: 250%
Lehi, Utah
FinovateSpring 2011

Kabbage
Rank #448
Growth: 198%
Atlanta, Georgia
FinovateSpring 2015

EVERFI
Rank #469
Growth: 184%
Washington, D.C.
FinovateSpring 2019



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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alkami Technology, Currency Cloud, EVRY, ProfitStars, Q2, Q2 Holdings, Q2ebanking, Stratifyd, Taulia, The Currency Cloud, Tradeshift, Zopa

On Finovate.com

  • Zopa’s New Launch Gives Consumers the Best Rate.

Around the web

  • Tieto and EVRY announce operating structure for TietoEVRY after $1.5 billion acquisition.
  • Taulia launches AI-powered cash forecasting solution.
  • Tradeshift to power digital transformation for Abreon.
  • Q2 named a winner in the 2020 CSO50 Awards for Q2 TrustView.
  • Washington credit union iQ to leverage Alkami to create a personalized user experience.
  • Stratifyd named among Chralotte’s best places to work.
  • ProfitStars brings mobile remote deposit to ICBA member banks.

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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Digital Banking Platform Alkami Lands New $55 Million Investment

Digital Banking Platform Alkami Lands New $55 Million Investment
By David Penn Posted on
Categories: Alkami Technology, Funding

In a Series E round led by MissionOG and General Atlantic, cloud-based digital banking platform provider Alkami Technology has raised $55 million in new funding. The investment takes the company’s total capital to more than $225 million, and will be used to help expand operations and fuel innovation at the Plano, Texas-based fintech.

Also participating in the round were existing investors including S3 Ventures and Argonaut Private Equity.

Company CEO Mike Hansen put the funding in the context of Alkami’s tenth anniversary, which the company will celebrate later this year. “We are very honored and excited about the support our existing investors evidenced again by this round,” Hansen said. “Their long-term commitment and support has allowed us to continue to boldly invest in innovation, people, and best-in-class service.” Hansen referred to the firm’s investors as “one of Alkami’s most potent sources of strength and results.”

Alkami Technology demonstrated its money management and financial awareness technology at FinovateSpring 2009 as iThryv – making the company one of Finovate’s oldest alums. Since then, the company has grown into a digital banking platform provider with more than 130 financial institution clients and more than six million registered users in the U.S.

General Atlantic Vice President Raph Osnoss credited Alkami’s “user experience, product features, platform architecture, and data security” for the company’s growth in the digital banking space. Alkami was featured in the 2018 Inc. 5000 Fastest Growing Companies roster, as well as in Deloitte’s 2018 Technology Fast 500 in North America. Recent partnerships for the company include a platform deployment with Alliance Catholic CU of Michigan ($40 million in assets), and a deal with Green Bay, Wisconsin-based Nicolat National Bank ($3 billion in assets).

Named one of the Best FinTechs to Work For by SourceMedia (publishers of American Banker), Alkami also has made two C-suite moves in recent months. The company appointed former Authentix CMO Holly Tsourides as Chief Marketing Officer in February and named former RealPage executive Bryan Hill as Chief Financial Officer in April.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: 24sessions, Alkami Technology, Five Degrees, nCino, OurCrowd, Voleo

On Finovate.com

  • OurCrowd’s New Partnership Promotes Startup Investment in Europe.
  • Five Degrees Teams Up with Bankingblocks.
  • nCino to Power Digital Banking for South State Bank.
  • Digital Banking Platform Alkami Lands New $55 Million Investment.

Around the web

  • Voleo to participate in Google’s Digital Strategy program to boost user acquisition on its social trading application.

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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Finovate Alumni News

By David Penn Posted on
Categories: AI Foundry, Alkami Technology, BLUERUSH, Dwolla, Ellie Mae, Finicity, Fiserv, iSignthis, Jack Henry, Jumio, Kasasa, LendKey, MX, nCino, Prosper, Ripple, Status Money, Turnkey Lender

On Finovate.com

  • AI Foundry and Ellie Mae Leverage AI to Accelerate Lending.
  • Dwolla Helps Status Streamline Cash Rewards for Savings.
  • Live from London: Breaking Banks Power Hour Rocks FinovateEurope.

Around the web

  • Marketing Technology Insights interviews BlueRush CEO, Steve Taylor.
  • PaymentsSource features nCino, Jumio, MX, LendKey, Kasasa, Jack Henry & Associates, Alkami, Finicity, and Prosper Marketplace in its list of the Best Fintechs to Work For.
  • Fiserv joins Financial Data Exchange as a sustaining member.
  • Partnership with Mercury FX brings Ripple to the Middle East and Canada.
  • TurnKey Lender highlighted as a top auto loan origination platform by HCCResearch.
  • European CFD/FX firm Windsor Brokers goes live with iSignthis‘ ISXPay and Paydentity 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.

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Highlights of This Year’s Inc. 5000

Highlights of This Year’s Inc. 5000
By Julie Muhn (@julieschicktanz) Posted on
Categories: Acuity Systems, Alkami Technology, CardFlight, Cardlytics, Comarch, defi Solutions, Emailage, Featurespace, Feedzai, Fenergo, Finastra, HelpMyCash, Innofis, Interactions, Kalixa, Kantox, Lighter Capital, Passport, Quadient, SeedInvest, SumUp, Tango Card, True Potential, Trustly, Unison, VATBox, WealthForge, Zopa

Inc. has once again released its lists of the fastest-growing 5,000 private companies in the U.S. and Europe this week. A total of 13 Finovate alums made the U.S. list and 14 earned spots on the Europe list. To qualify*, companies were required to be privately-owned and independent.

Inc. 5,000 U.S.

The 5,000 companies on this year’s list collectively generated more than $206 billion in revenue. Here are the 13 Finovate alums that made the cut this year:

SeedInvest

  • Rank: 117
  • 2017 revenue: $4.7 million
  • 3-year growth: 33.8x
  • Founded: 2013
  • Employees: 30
  • Ranked number 4 in top financial services companies

SeedInvest demoed at FinovateSpring 2013.

Cardflight

  • Rank: 139
  • 2017 revenue: $5.1 million
  • 3-year growth: 29x
  • Founded: 2009
  • Employees: 192
  • Ranked number 5 in top financial services companies

CardFlight demoed at FinovateSpring 2013.

Alkami technology

  • Rank: 284
  • 2017 revenue: $26.8 million
  • 3-year growth: 17x
  • Founded: 2009
  • Employees: 299
  • Ranked number 10 in top Dallas companies

Alkami debuted under the name iThryv at FinovateSpring 2009.

Passport

  • Rank: 389
  • 2017 revenue: $12.3 million
  • 3-year growth: 12.6x
  • Founded: 2010
  • Employees: 96
  • Ranked number 4 in top Charlotte companies

Passport demoed at FinovateEurope 2016.

Emailage

  • Rank: 625
  • 2017 revenue: $16.6 million
  • 3-year growth: 8x
  • Founded: 2012
  • Employees: 79
  • Ranked number 6 in top security companies

Emailage demoed at FinovateSpring 2015.

Lighter Capital

  • Rank: 776
  • 2017 revenue: $11.9 million
  • 3-year growth: 6.5x
  • Founded: 2010
  • Employees: 39
  • Ranked number 11 in top Seattle companies

Lighter Capital demoed at FinovateFall 2013.

Tango Card

  • Rank: 912
  • 2017 revenue: $17 million
  • 3-year growth: 5.4x
  • Founded: 2009
  • Employees: 80
  • Ranked number 14 in top Seattle companies

Tango Card demoed at FinovateFall 2016.

WealthForge

  • Rank: 932
  • 2017 revenue: $8.9 million
  • 3-year growth: 5.3x
  • Founded: 2009
  • Employees: 29
  • Ranked number 6 in top Richmond, VA companies

WealthForge demoed at FinovateSpring 2016.

Unison

  • Rank: 1048
  • 2017 revenue: $2.3 million
  • 3-year growth: 4.7x
  • Founded: 2014
  • Employees: 10
  • Ranked number 4 in top Detroit companies

Unison demoed at FinovateFall 2017.

Acuity Systems

  • Rank: 1107
  • 2017 revenue: $12.6 million
  • 3-year growth: 4.5x
  • Founded: 2010
  • Employees: 26

Acuity Systems demoed at FinovateEurope 2013.

defi SOLUTIONS

  • Rank: 1176
  • 2017 revenue: $14.6 million
  • 3-year growth: 4.1x
  • Founded: 2012
  • Employees: 80

defi SOLUTIONS demoed at FinovateSpring 2014.

Interactions

  • Rank: 1550
  • 2017 revenue: $92.9 million
  • 3-year growth: 3x
  • Founded: 2004
  • Employees: 413

Interactions demoed at FinovateSpring 2014.

Cardlytics

  • Rank: 2886
  • 2017 revenue: $130.4 million
  • 3-year growth: 1.4x
  • Founded: 2008
  • Employees: 342

Cardlytics demoed at FinovateFall 2014. The company went public early this year.

Inc. 5,000 Europe

This is the fourth year in a row Inc. has ranked European countries. The rankings are based on three-year revenue growth. Here are the 14 Finovate alums that earned a spot on the list, including SumUp, which took the number one slot:

SumUp

  • Rank: 1
  • 2016 revenue: $63.7 million (€56 million)
  • 3-year growth: 143.7x
  • Founded 2011
  • Employees: 500

SumUp demoed at FinovateEurope 2013.

VATBox 

  • Rank: 91
  • 2016 revenue: $6.9 million (€6.1 million)
  • 3-year growth: 25x
  • Founded 2012
  • Employees: 140

VATBox demoed at FinovateEurope 2015.

Kantox 

  • Rank: 390
  • 2016 revenue: $4.9 million (€4.3 million)
  • 3-year growth: 12x
  • Founded 2011
  • Employees: 73

Kantox demoed at FinovateEurope 2013

HelpMyCash

  • Rank: 699
  • 2016 revenue: $2.96 million (€2.6 million)
  • 3-year growth: 8.3x
  • Founded 2007
  • Employees: 16

HelpMyCash demoed at FinovateEurope 2011.

Featurespace 

  • Rank: 901
  • 2016 revenue: $3.41 million (€3 million)
  • 3-year growth: 7x
  • Founded 2005
  • Employees: 62

Featurespace demoed at FinovateFall 2016.

Kalixa Payments 

  • Rank: 918
  • 2016 revenue: $42.3 million (€37.2 million)
  • 3-year growth: 7x
  • Founded 2008
  • Employees: 112

Kalixa demoed at FinovateEurope 2013.

Zopa

  • Rank: 1314
  • 2016 revenue: $46.3 million (€40.7 million)
  • 3-year growth: 5.4x
  • Founded 2004
  • Employees: 188

Zopa demoed at FinovateSpring 2008.

Feedzai

  • Rank: 1330
  • 2016 revenue: $13.8 million (€12.1 million)
  • 3-year growth: 5.4x
  • Founded 2008
  • Employees: 68

Feedzai demoed at FinovateEurope 2014.

Trustly

  • Rank: 1344
  • 2016 revenue: $36.7 million ( €32.3 million)
  • 3-year growth: 5.4x
  • Founded 2008
  • Employees: 83

Trustly demoed at FinovateEurope 2017.

Fenergo

  • Rank: 1882
  • 2016 revenue: $33.8 million ( €29.7 million)
  • 3-year growth: 3.8x
  • Founded 2012
  • Employees: 183

Fenergo demoed at FinovateEurope 2012.

Innofis

  • Rank: 2452
  • 2016 revenue: $8.2 million (€7.2 million)
  • 3-year growth: 2.6x
  • Founded 2012
  • Employees: 69

Innofis demoed at FinovateEurope 2016.

Quadient France 

  • Rank: 2966
  • 2016 revenue: $8.9 million (€7.8 million)
  • 3-year growth: 1.8x
  • Founded 2007
  • Employees: 21

Quadient demoed at FinovateEurope 2018.

True Potential

  • Rank: 3233
  • 2016 revenue: $88.5 million (€77.8 million)
  • 3-year growth: 1.5x
  • Founded 2007
  • Employees: 234

True Potential demoed at FinovateFall 2014.

Comarch

  • Rank: 4954
  • 2016 revenue: $35.6 million (€31.3 million)
  • 3-year growth: 59%
  • Founded 1978
  • Employees: 148

Comarch demoed at FinovateEurope 2017.

*Companies on the 2018 Inc. 5000 are ranked according to percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They must be privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2017. (Since then, some on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

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Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Alkami Technology, Bankjoy, Coinbase, Finastra, Google, Insuritas, Kabbage, nCino, On Deck Capital, Pindrop Security, Tradeshift, Trustly, TSYS, YellowDog

On Finovate.com

  • Nordic Capital Fund Acquires Majority Share of Trustly.

Around the web

  • Coinbase granted e-money license by U.K’s Financial Conduct Authority (FCA); joins Faster Payments Scheme courtesy of partnership with Barclays Bank.
  • ACI Worldwide announces contract extension with DBS.
  • Joint Stock Commercial Bank for Foreign Trade for Vietnam (Vietcombank) picks trade finance platform from Finastra.
  • nCino and Enforce partner to accelerate cloud adoption for financial institutions.
  • Tradeshift partners with Canon Business Process Services.
  • Pindrop partners with Aeriandi to detect fraudulent calls through cloud platforms.
  • GMO’s Z.com Trade adds Trustly as payment option.
  • Kabbage teams with New Media to advertise to more than five million small and medium sized businesses (SMBs) that do business in New Media’s markets.
  • OnDeck appoints Kenneth Brause as CFO.
  • Sandia Area Credit Union hires Insuritas to launch member-owned, digitally-powered insurance agency.
  • Oregon Community CU selects Alkami Technology’s digital banking platform to provide its more than 150,000 members with a modern digital banking offering.
  • Bankjoy selected to compete in Google Demo Day in March.
  • TSYS implements new payment solution, Advanced AuthControl, with Walmart and Sam’s Club locations around the U.S.

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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