BizEquity Brings its Valuation-as-a-Service Solution to TD Bank

BizEquity just signed its first – really big – bank.

TD Bank has partnered with the online business valuation specialist to provide SMEs across the country with real-time insights into fair market, enterprise, and liquidation values based on current market conditions. Relationship managers at TD Bank will leverage BizEquity’s technology to produce detailed valuation and industry KPI reports, and then share them with business owners to help them create succession plans, formulate tax planning strategies, explore funding and M&A opportunities, and more.

“Without proper valuation knowledge, many of these business owners will not be adequately funded or have the right wealth or succession plans in place,” BizEquity founder and CEO Michael M. Carter said. “Together, we are helping to democratize this important knowledge for small and mid-size business owners from Maine to Florida.”

BizEquity, developer of Valuation-as-a-Service (VaaS) and the VaaS Business Valuation Cloud, enables companies to produce a customized valuation performance report that gives SME owners key insights into business valuation data as well as industry comparisons in 40 KPIs. BizEquity’s more than 500 financial services clients include KPMG, Mass Mutual Financial Group, and Mutual of Omaha; as well as fellow Finovate alums like Experian, Xero, and Equifax. TD Bank represents BizEquity’s first and only top-10 U.S. bank partner.

With headquarters in Wayne, Pennsylvania and offices in Tower Hamlets, London, Biz Equity was founded in 2010. The company began the year announcing an agreement with Windfall Data, in which the consumer financial data specialist will offer its wealth data on the BizEquity platform. Last month, BizEquity was honored at the FinTech Breakthrough Awards, earning the Innovation Award for Wealth Management.

BizEquity has raised $5.1 million in funding, courtesy of an investment from London-based venture capital firm, Frost Brooks. The company demonstrated its BizEquity One U.K. valuation-as-a-service technology at FinovateEurope 2015.

Based in Cherry Hill, New Jersey, TD Bank appeared with Moven at FinovateSpring 2016 for a live demonstration of the TD MySpend app. The app features a full integration of the Moven platform within TD Bank’s mobile banking ecosystem. Operating in the U.S. northeast and mid-Atlantic regions, as well as metropolitan D.C., the Carolinas, and Florida, TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada.

Finovate Alumni News

On Finovate.com

  • BizEquity Brings its Valuation-as-a-Service Solution to TD Bank.

Around the web

  • FICO to offer free cybersecurity ratings to companies via its FICO Enterprise Security Score Portrait solution.
  • NICE Actimize covers P2P payments within its Fraud Essentials Cloud solution.
  • Global Debt Registry launches its loan registry on the IBM Blockchain Platform.
  • Harmonic Fund Services goes live with loan servicing technology, Fusion Loan IQ, from Finastra.
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  • Kony accepted as a member in Jack Henry’s Symitar Vendor Integration Program.
  • NIIT Technologies ranked number one in ‘Business Understanding’ by clients in the 2018 UK IT Outsourcing Study.
  • 3rd-eyes selected for Swiss National Fintech Team.

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 Alums Take Top Honors at FinTech Breakthrough Awards

Dedicated to recognizing “the top companies and products in the financial services and technology industry today,” FinTech Breakthrough has announced its FinTech Breakthrough Award Winners for 2018. This marks the second year the independent organization has sponsored the fintech awards event, recognizing fintech startups and veterans from a wide variety of categories including payments, lending, investing, and regtech.

“The FinTech Breakthrough Awards serve as a testament to the passion, skill and vision of individuals and teams that are truly setting the standard for innovation in the global FinTech industry,” Managing Director for FinTech Breakthrough James Johnson said in 2017 during the Awards’ inaugural year. “We are thrilled to recognize all of the FinTech Breakthrough Award winners for their well-deserved industry recognition as they drive the global FinTech market forward.”

This year featured 20 Finovate alums earning top honors from FinTech Breakthrough. The names and Finovate demo dates for each winning alum – as well as the category they won – are featured below. For a complete list of 2018 FinTech Breakthrough Award Winners, visit the company’s awards announcement page.

Leadership

Consumer Lending

  • Innovation Award for Consumer Lending – Text for Credit by Experian (FF17)

Business Lending

Wealth Management

Payments

Investments

Consumer Banking

Financial Research and Data

Fraud Prevention and Transaction Security

This marks the second time both eMoney Advisor and ThreatMetrix have been honored by the FinTech Breakthrough Awards. Among last year’s winners were a significant number of Finovate alums including: Sindeo, BizFi, DriveWealth, Quovo, Jumio, Trulioo, Qumram, and Xero.

Finovate Alumni News

On Finovate.com

  • Trends Rise to the Top at FinovateAsia.
  • TransferWise Raises $280 Million in Series D.

Around the web

  • Bar Harbor Bank & Trust converts to Jack Henry Banking’s SilverLake system.
  • Dime Community Bank ($6.44 billion in assets) to deploy real-time core banking platform and digital banking solutions from Fiserv.
  • iSignthis wraps up $6.5 million private placement.
  • BizEquity bolsters executive team, adding two new VPs in product management and engineering, Amir Tahvildaran and Eric May.
  • Dwolla’s Access API helps mobile debt repayment and savings app Qoins grow margins by 10%.

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.

BizEquity Brings Business Valuation Data to Wall Street Journal Pro

Cloud-based, “valuation-as-a-service” specialist BizEquity is teaming up with Wall Street Journal Pro (WSJ Pro) to provide private equity investors, M&A advisors, and entrepreneurs with a new tool, the WSJ Pro Business Valuator. The solution will be available to WSJ Pro and Wall Street Journal members as an additional offering, and combines WSJ Pro’s curated news and analysis with BizEquity’s vast trove valuation data.

“There is no better source of financial news and information than The Wall Street Journal and Dow Jones,” BizEquity founder and CEO Michael M. Carter said. He noted that data on business valuation is “one of the last bastions of data yet to be democratized through the Internet,” and referred to BizEquity as a “leader in this new market.” WSJ Pro General Manager Will Wilkinson added that the combined solution would be a significant value-add for subscribers to the premium membership service. The WSJ Pro Business Valuator helps both advisors and investors by providing valuation reports that can be used to help attract and acquire new clients, discover and convert leads, and track and analyze business value.

Founded in 2010 and headquartered in Philadelphia, Pennsylvania, BizEquity demonstrated its BizEquity One UK dynamic valuation solution at FinovateEurope 2015. Last month, the company teamed up with the Business Enterprise Institute to launch the Business Valuation Institute, an online certification course that gives financial advisors the opportunity to learn about the methods and tools used associated with business valuations. Also in August, BizEquity and Discovery Data partnered to build an online service for financial advisors that would provide valuation data for more than 40,000 registered firms and more than 700,000 registered reps. BizEquity has raised more than $5 million in funding. The company’s biggest investor is Frost Brooks.

Finovate Alumni News

On Finovate.com

  • BizEquity Brings Business Valuation Data to Wall Street Journal Pro.
  • Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland.

Around the web

  • SumUp announces expansion to 15 European countries, doubling the number of markets the company serves.
  • UK Hot Views takes a look at the recent financial performance of Vipera.
  • OnDeck celebrates 10th anniversary, having provided more than $7 billion in capital to more than 70,000 customers.
  • Ellie Mae acquires Velocify in $128 million deal.

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

  • A Finovate Guide to the Future of SavingsTech.

Around the web

  • Matchi partners with ATB Financial & KPMG Canada to run fintech challenge.
  • BizEquity adds benefit plan data to its big data prospecting service.
  • Twilio launches programmable fax service.

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

  • Fintech Trending: Alt Lending Woes, Asia Grows, and Everbank Exits
  • FinDEVr Alum UpGuard Raises $17 Million Series B
  • vaamo Partners with N26 (Formerly Number26)

Around the web

  • ayondo launches simulated trading app, the ayondo academy.
  • Chain announces new partnership with Initiative for Cryptocurrency and Contracts (IC3).
  • Shoeboxed launches Direct Downloads for reports.

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.

BizEquity Forges Strategic Partnership with Sawtooth Solutions

BizEquity_homepage_July2016

Cloud-based business-valuation specialist BizEquity has inked a strategic partnership that will bring its prospecting and valuation-as-a-service technology, Advisor Office, to the wealth management platform of Sawtooth Solutions.

“With the advent of the new DOL fiduciary ruling, and increasing pressures from robo-advisers, now more than ever the more than 400,000 financial advisers in the U.S. will need to arm themselves with more value-added solutions for their clients,” says Michael Carter, BizEquity CEO.

Brad Pries, Sawtooth, CEO, added that the challenges that wealth managers face from regulations and roboadvisers alike may actually represent “significant growth opportunities for those financial advisers willing to embrace technology to offer comprehensive, integrated, holistic financial advice.”

BizEquity_stage_FEU2015

Left to right: Semyon Fishman, VP engineering, and CEO Mike Carter demonstrated BizEquity One UK at FinovateEurope 2015 in London.

Launched last fall, Advisor Office will enable wealth managers using Sawtooth’s TAMP platform to get an accurate valuation of business assets when providing business owners with wealth management and investment advice. The solution uses big data to determine whether companies are over or under-insured, for example, as well as analyzing cash flow, assets, revenue, and other metrics. Advisor Office can also serve as a prospecting and engagement platform by helping wealth managers capture and convert leads on potential new clients, while providing new offers to current clients.

Founded in 2010 and headquartered in Wayne, Pennsylvania—and Tower Hamlets in London—BizEquity demonstrated its valuation-as-a-service solution, BizEquity One UK, at FinovateEurope 2015. The company took home top honors at the Bank Director’s FinXTech Awards in March 2016, one month after unveiling the Smarter Prospecting feature of its Advisor Office platform. Last fall, BizEquity announced that its partnership with fellow Finovate alum Envestnet would bring its Advisor Office solution to more than 42,000 new adviser clients.

Finovate Alumni News

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • BizEquity Forges Strategic Partnership with Sawtooth Solutions

Around the web

  • Thomson Reuters unveils its KYC due-diligence solution, Org ID.
  • Jack Henry Banking has “refreshed”  its SilverLake Systems core banking solution.
  • Lloyds Banking Group renews processing agreement with TSYS.
  • St. Louis-based Midwest BankCentre picks Insuritas to open and manage its turnkey insurance agency.
  • 2016 Gartner Market Guide for Customer Journey Analytics lists GMC Software as a representative vendor.
  • Lendio to participate in small business lending disclosure, SMART (Straightforward Metrics Around Rate and Total cost) Box initiative.
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  • Encentus FCU to deploy core account processing technology from Fiserv.

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.