Finovate Alumni News

On Finovate.com

  • “StockTwits Offers Brokerage Functionality Powered by Robinhood”
  • “Finovate Debuts: bleu Unveils its Beacon-powered, Point-of-Sale Solution”

Around the web

  • TechCrunch names Stockpile gift card on list of Awesome Gifts For Your Favorite 20-Something.
  • Prosper recognized as 24th fastest-growing company on Deloitte’s Fast 500. San Francisco Business Times places Prosper as number 3 of the Fastest Growing Companies of 2015.
  • Kashoo launches period-locking feature to lock data within prescribed timeframes.
  • Built in Colorado names Google, OnDeck, Ping Identity, Personal Capital, Xero, and PaySimple on list of top 100 tech companies in Colorado.
  • TickSmith’s TickVault platform earns the fast-growing firm an Innovators Award from FIA.
  • CenturyLink and Cogent enter into interconnection agreement.
  • RAGE Frameworks partners with Genpact, leveraging AI to automate financial processes.
  • Los Alamos National Bank chooses FIS as its new core banking provider.
  • National Bonds to deploy AML Risk Manager from Fiserv.
  • Geezeo launches its Life Infused Financial Experiences custom apps.
  • Let’s Talk Payments looks at edo Interactive and its partnership with Visa Europe.
  • Azimo extends its money-transfer service to Nigeria.
  • Fidelity Clearing and Custody teams up with EverSafe to help prevent elder financial abuse.
  • TransferTo joins forces with Continental Money to bring remittance services to Africa.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

Around the web

  • Let’s Talk Payments interviews Max Haynes, CEO of PaySwag, on banking for the underbanked.
  • Tradier teams up with Equities Lab to bring real-world trading experience to college students.
  • ACI Worldwide adds Janet Estep, NACHA president and CEO, to its board of directors.
  • Jumio partners with Tutorfair to help parents find and identify the right tutor for their school-age children.
  • Bank Innovation looks at mBank and its embrace of biometrics.
  • Think Big Data mentions Praesidio as a startup using machine learning in its cyber-security solution.
  • Google appoints Entersekt CTO Christiaan Brand as product manager for security and identity teams.
  • Pymnts looks at how SimplyTapp is addressing host card emulation.
  • Money-transfer service innovator Azimo goes live in Romania.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “FinovateFall 2015 Best of Show Winners announced

Around the web

  • OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October.
  • The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India.
  • Azimo and TransferTo team up to provide mobile top-up services in more than 100 countries.

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.

Finovate Alumni News

Around the web

  • Whiznews in Southeastern Ohio looks at a local deployment of SizeUp with the Zanesville-Muskingum Chamber of Commerce.
  • RedCloud names Katia Hilal as vice president of product. See RedCloud at FinovateFall 2015 in New York.
  • Omaha.com talks with Doug Parr, chief revenue officer for Prairie Cloudware, about the EMV transition this fall.
  • Azimo brings its money-transfer services to Sierra Leone and Guinea.
  • Coinbase enables U.K. and Spanish customers to buy bitcoin using 3D Secure credit and debit cards.
  • Interxion announces availability of Azure ExpressRoute in Amsterdam. Check out Interxion at FinDEVr 2015 in San Francisco.
  • Apple identifies Flint, MicroStrategy, and Xero as partners for the iPad-for-business effort.

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.

Finovate Alumni News

On Finovate.com

  • “Finovate, FinDEVr Alums Win Finalist Spots in BBVA Open Talent Competition”

Around the web

  • CIO magazine features Wallaby Financial in a look at the end of passwords.
  • Waters Technology interviews Derek Corcoran, chief experience officer at Avoka.
  • Planet Biometrics looks at the updated version of the EyeVerify SDK.

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.

Finovate Alumni News

On Finovate.com

  • “Xero Launches its New Android Touch App”
  • “Lending Club Reports Growth in Revenues, Originations for Q2 2015″
  • “CashStar Raises Captal: New Investment Boosts Total to $50 Million”

Around the web

  • Star Tribune column on robo-advisors features blooom.
  • ACI Worldwide and Computop partner to provide payments and anti-fraud solution.
  • Yodlee adds four companies to its International Acceleration Program. Join Yodlee at FinDEVr 2015 in San Francisco in October.
  • BankNXT’s look at fintech in Singapore features Dragon Wealth.
  • Let’s Talk Payments highlights Azimo, Currency Cloud, peerTransfer, TransferWise, and Ripple in its list of “remittance startups to watch for.”
  • CurrencyFair signs on with global payment network, Earthport.
  • LendUp deploys TaskRouter from Twilio to improve its call-center customer service. See Twilio at FinDEVr 2015 in San Francisco.
  • The Globe and Mail highlights Financeit in a look at financing options for small businesses.

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 Launches New Service in 10 Countries in Africa, Asia-Pacific

Azimo_homepage_Jul2015

In partnership with HomeSend, a global remittance hub jointly developed by MasterCard, eServGlobal, and BICS, Azimo has added ten countries in Africa and the Asia-Pacific to the roster of nearly 200 countries its European customers can send money to.

HomeSend CEO Stephen Doyle credited Azimo’s “convenience, security, competitive pricing, and near-instant delivery” in explaining why the partnership makes sense. Founder and CEO of Azimo Michael Kent pointed out that his company now provides services ranging from cash payout to home-delivery money services. “This tie up with HomeSend to offer more mobile wallet services is a major step on our journey,” Kent said.

The new countries are Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines, and Somaliland.

Azimo_stage_FEU13

From left: Azimo co-founders, CTO Marek Wawro and CEO Michael Kent demonstrated at FinovateEurope 2013 in London.

HomeSend provides a centralized location for B3B cross-border and cross-network value-exchanges and transfers. The service enables finance and telecom service providers to offer their customers the ability to send money to mobile money accounts, payment cards, bank accounts, and cash kiosks. HomeSend was named “Best Payment Product in Africa” at the Asian Banker Middle East and Africa Awards 2015.

Companies like Azimo have played a major part in the investment boom in technology in the United Kingdom in general and London in specific. Azimo was profiled earlier this year in both The Guardian and Tech City News, and was a finalist at the Fintech Innovation Awards 2015. Azimo supports more than 70 different currencies and is partnered with more than 20,000 banks around the world.

Founded in January 2012 and headquartered in London, Azimo demonstrated its social remittance network at FinovateEurope 2013. The company has raised more than $30 million in funding, giving it a valuation of $100 million.

Finovate Alumni News

On Finovate.com

  • “Platform-as-a-Service Specialist Apprenda Raises $24 Million”
  • “Azimo Launches New Service in 10 Countries in Africa, Asia-Pacific”

Around the web

  • Irish Tech News interviews Neil Costigan, BehavioSec CEO.
  • InComm partners with Gemalto to offer a secure, prepaid mobile NFC-payment option.
  • Zooz partners with Cardinal Commerce to offer Cardinal Consumer Authentication (CCA) to the Zooz merchant base.
  • CNBC highlights how Northwestern Mutual’s LearnVest attracts millennials.
  • Denver Community Credit Union to install Insuritas’ insurance-agency solution for its 25,000+ members.
  • Daily Life Tips highlights Ayondo as the best online trading platform for beginners.
  • “Tradeshift Partners with EcoVadis to Bring Reliable Supplier Sustainability Ratings to Global Platform”
  • “Cachet Financial Solutions and Access Development Partner to Enhance Mobile Commerce for Financial Institutions Across America”
  • Trulioo appoints former Experian GM as president.
  • FutureAdvisor launches its online investment library.
  • eMerchantPay teams up with iSignthis to offer AML and KYC compliance to its merchants.
  • PYMNTS.com interviews David Disque, managing director of CSI globalVCard.

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.

Finovate Alumni News

On Finovate.com

  • “PayPal’s Early Valuation Tops $44 Billion”
  • “Monitise to Emphasize API, On-Site Solutions in Strategy Shift”

Around the web

  • Xero to offer foreign invoice payments via new partnership with Midpoint Holdings.
  • Loop featured in profile of Samsung Pay.
  • PYMNTS.com takes a look at PayPal CEO Dan Schulman’s conversation with the Financial Times.
  • Gulf News Banking highlights Zopa in its review of the rise of P2P business lending.
  • Ferratum Group selects Mambu to Power SME Lending.
  • Top Image Systems to deploy an automated multichannel and mobile data-capture project for online financing company that provides funds to India-based SMBs.
  • Lighter Capital closes 100 deals.
  • CDApress recommends FamZoo to help kids understand personal finance skills.
  • Credit.com blog lists Global Debt Registry as a tool to help get rid of an old debt.
  • Better ATM Services CEO Todd Nuttall quoted in Australian Times column on how technology delivers a growing share of bank services.
  • The Bitcoin News interviews the new online marketing manager for Bitbond, Chris Grundy.
  • Wall Street Journal features PsychSignal in a review of stock market sentiment and social media.
  • Inc. feature on Silicon Prairie highlights Blooom, Hip Pocket, and Dwolla.
  • Rise in tech investment in the United Kingdom credited to companies like Azimo and Currency Cloud in London’s fintech sector.
  • Forbes column on investing for millennials features Hedgeable.
  • Realty Mogul adds two new vice presidents of commercial real estate.

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 Lands $20 Million Series B Investment Led by Frog Capital

Azimo_homepage_June2015

Happy International Family Remittance Day! And one international money-transfer startup is celebrating in style.

London-based Azimo has just secured a $20 million investment from a team of new and existing investors. The funding takes Azimo’s total capital to $31 million, and puts the company’s valuation at an estimated $100 million.

Frog Capital led the round, with participation from MCI Investments, e-ventures, Greycroft Partners, and other investors. Azimo said that it will use the capital to continue expansion in Europe and to enter markets in both North America and Asia.

“Azimo is just getting started on its mission to change the sector,” said company CEO Michael Kent. “But already we serve hundreds of thousands of customers and have built the most comprehensive global network of any digital money transfer business.”

Iyad Omari of Frog Capital pointed to the $600 trillion size of the global money-transfer business, and the fact that companies like Azimo were at the forefront of taking this business online and mobile. Frog Capital invests in IT, digital media, and resource efficiency startups that are growing more than 40%. Over the past five years, the London-based firm has exited companies with a total transaction value of more than €1 billion.

Azimo_MichaelKent_FEU2013

Azimo CEO and founder Michael Kent demoed his company’s international money-transfer service at FinovateEurope 2013 in London.

Azimo’s platform has connected more than 5 billion people, helping transfer money to more than 200 countries in more than 80 different currencies. In addition to experiencing a five-fold, year-over-year increase in the number of money transfers, Azimo was a finalist at the Fintech Innovation Awards this spring; expanded its service to Romania, China, and Thailand in February; and expanded to eight West African countries and the Philippines in January.

Within the international remittance economy, the business of migrant workers sending money back home is a point of emphasis and distinction for Kent and Azimo. In his statement announcing the new investment, Kent acknowledged the International Day of Family Remittances, adding that “these funds will allow us to further expand our services and continue to give the world’s migrants a better deal.”

Founded in 2012, Azimo demonstrated its technology at FinovateEurope 2013 in London.

Finovate Alumni News

On Finovate.com

  • Azimo Lands $20 Million in Series B Investment Led by Frog Capital
  • Narrative Science Launches Quill Portfolio Review

Around the web

  • INETCO teams up with Printec Partners to bring customer transaction data and analytics to FIs in Central and Eastern Europe.
  • MasterCard to provide tokenization support for private-label credit cards used in digital wallets.
  • Dwolla joins steering committee of Fed Fast Task Force dedicated to creating a faster payment system.
  • iSignthis partners with IPGPAY Ltd., bringing online identity-verification to clients in the Asia Pacific region.
  • Avalara acquires Belgium-based VAT Applications. Check out Avalara at FinDEVr on 6/7 October 2015 in San Francisco.
  • Kabbage partners with UPS Capital Partners to offer more SMBs access to a loan through UPS. Kabbage will present at FinDEVr in San Francisco this 6/7 October.
  • SandHill mentions SnoopWall as 1 of 5 cool, pre-VC cybersecurity startups.
  • First Data launches Clover Mini for accepting Apple Pay, Android Pay, and other NFC-enabled wallets.
  • Thinking Capital announces new name, visual identity and tagline.
  • Insuritas partners with Gate City Bank to install insurance-agency solution in the North Dakota-based bank.
  • BizEquity signs distribution agreement with Four Seasons Financial Group, a wholesale insurance and investments provider for institutional markets.
  • Social Money and Sallie Mae Partner to Create New Digital Banking Solution.
  • The Coin Telegraph talks open source software and fintech innovation with Quantopian.

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.

Finovate Alumni News

On Finovate.com

  • Bitcoin-based P2P Lending Platform Bitbond Raises $670,000
  • WePay Closes $40 Million Series D Round Led by FTV Capital
  • Misys Launches FusionBanking Essence Islamic

Around the web

  • SEKUR Me debuts Apple Pay for online purchases featuring universal buy-button and one-click mobile payments.
  • Intuit launches Sync with PayPal to help SMBs simplify tasks with QuickBooks online data-integrations.
  • LifePay announces plans to expand into Southeast Asia in wake of ipoxPro acquisition.
  • The Guardian highlights Azimo as a “well-established” alternative to banks regarding money-transfer overseas.
  • NYSE’s new Bitcoin Index is powered by Coinbase.
  • Anheuser-Busch Employees Credit Union to deploy online- and mobile-banking solutions from Digital Insight.
  • Merck Sharp & Dohme Federal Credit Union adds processing and additional solutions from Fiserv.
  • Community Banks and Credit Unions go live with Touch ID in mobile banking through Malauzai Software.
  • Arxan appoints Sam Rehman as chief technology officer.
  • Nerdwallet features Seattle-based Lighter Capital.
  • Bankless Times talks with Brock Blake, Lendio CEO, about the company’s success.
  • PayNearMe to offer its cash payment service to Telinta’s service-provider customers.

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.