Finovate Alumni News

On Finovate.com

  • Finicity Announces Full Integration with BeSmartee.
  • $500 Million Secondary Investment Boosts Credit Karma’s Valuation to $4 Billion.

Around the web

  • Jack Henry’s banking division announces that seven banks will implement its Core Director core processing platform.
  • FlexTrade to integrate Kensho into its FlexTRADER EMS real-time event feed.
  • Finastra hires new Chief Product and Technology Officer, Eli Rosner.
  • iSignthis subsidiary, iSignthis eMoney, forges payment aggregation agreement with American Express Australia.
  • Best of Show winner Trusona joins ForgeRock’s identity management platform.
  • Gartner recognizes BRIDGEi2i with an Honorable Mention in the Magic Quadrant for Data and Analytics Service Providers, Worldwide.
  • Kabbage shows loan growth via the mobile channel, with 17% of all SMB loans and 15% of total dollars accessed via its platform coming through mobile.
  • Find Biometrics interviews Deepak Dutt, president and CEO of Zighra.
  • Payfone on track to authenticate 19 billion transactions for Fortune 100 clients in 2018.
  • Fort Dodge Family Credit Union to implement Larky Engagement Platform.

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

  • Credit Karma Teams with American Express to Offer Advance Tax Refund.
  • Insuritas Launches i-Insure Platform with 42 P&C Carriers.
  • Finova Financial’s New Fundraising Process Leverages Cryptocurrency to Serve Non-Accredited Investors.

Around the web

  • Superbcrew.com interviews BRIDGEi2i Analytics Co-founder and CTO Pritam Kanti Paul.
  • Entrepreneur names Kabbage, Cardlytics, BlueVine among top 360 best entrepreneurial companies in America.
  • Bill.com launches Accountant Partner Program.
  • Global Debt Registry earns spot in IBM mentoring program for blockchain app developers.
  • Moven founder and CEO Brett King discusses the AI race between China and the U.S. on CNBC’s Closing Bell.
  • Wall Street Journal leverages Quid to spot fraudulent entries on FCC website during net neutrality debate.

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.

BRIDGEi2i Closes Series A Funding Round

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Just a few days after celebrating its fifth birthday, BRIDGEi2i Analytics Solutions landed its first round of funding, pulling in an undisclosed amount of Series A growth capital from India-based Edelweiss Private Equity.

CEO Prithvijit Roy states the company will use the funds to, “accelerate the development of our machine-learning-based business applications along with significant expansion of our consulting teams across the United States and India.”

Pranav Parikh, head of private equity and VC funds at Edelweiss, says he is impressed with how BRIDGEi2i has “transform[ed] large enterprises through their impact-driven approach” since launching in 2011. Edelweiss now owns a minority stake in BRIDGEi2i and Parikh will join the Bangalore-based startup’s board of directors.

BRIDGEi2i was founded by former General Electric and Hewlett Packard executives who had a vision to offer data-driven insights to enterprises. Using big data, the company generates actionable insights about sales data and customer behavior to help manage risk and operations. The company’s customers include 10 of the Fortune 100, representing sectors in technology, manufacturing, financial services, insurance, and retail.

At FinovateAsia 2013, BRIDGEi2i launched Surveyi2i, a cloud-based platform to help easily view and analyze survey data. Surveyi2i offers quick insights into survey results without requiring help from a data scientist. Recently, BRIDGEi2i was featured in Dataquest for helping a Fortune 100 company save $300,000 on reporting costs. Late last year, the company was ranked 115 out of 500 AsiaPac businesses on the Deloitte Technology Fast500 for 2015.

Finovate Alumni News

On Finovate.com

  • “Big Blue Backs Mobile Banking in Rural China”
  • “BRIDGEi2i Closes Series A Funding Round”
  • “NICE Funding! CallVU Raises $3 Million”
  • “Ping Identity Acquired by Vista Equity Partners”

Around the web

  • “Check Point Named Leader for Vision and Execution in the Gartner Magic Quadrant for Firewalls”
  • Boku brings mobile carrier billing to U.K. sports and entertainment venues.
  • Thomson Reuters launches FX benchmark service.
  • Monitise no longer plans to sell its marketing content business Markco Media.
  • “Jack Henry & Associates and Inlet Partner to Bring Enhanced eBill Functionality to 4,000 Financial Institutions”
  • Wealthfront introduces its 529 College Savings Plan.
  • Intelligent Environments teams up with Queen’s University Belfast’s Centre for Secure Information Technologies (CSIT).
  • Wall Street Journal features Tuition.io in a look at how employers are providing low-cost loans to employees.
  • Ally Financial announces completion of TradeKing acquisition.

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

  • Zopa launches three new loan products: Classic, Access, and Plus, expanding ability to lend to higher risk borrowers.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.
  • “PayActiv raises $9 million in Series A”
  • “Modo Payments closes $2 Million in Funding”

Around the web

  • BioCatch announces real time detection of Remote Access and RAT-in-the-Mobile (RitM) malware.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • eToro partners with Sberbank to bring its social trading network to Russian investors.
  • News America Marketing and Linkable Networks announce partnership deal.
  • Nasscom Product Community blog features Bridgei2i.
  • InforcePRO adopts DTCC’s IR&S Solution to link with Carrier Partners.

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– February 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOn Budget wins 2014 Paybefore Award as “One to Watch.”
  • United Bank Limited picks VoiceTrust for voice biometrics.
  • InComm partners with Asia-based Money Online to launch POS-activated gift card mall solutions in Southeast Asia.
  • Rezzcard to integrate with InComm’s Cashtie to enable Rezzcard cardholders to pay their rent in cash at over 70,000 retail locations.
  • American Banker reports: Western Union to use NICE Customer Analytics. Come see its new tech at FinovateSpring.
  • Xero reaches 100,000 paying customers in Australia.
  • Check out an interview with BRIDGEi2i Director and Co-Founder, Ashish Sharma.
  • SecondMarket considering U.S.-based bitcoin exchange.
  • Live Gamer customers to get access to MasterCard’s MasterPass digital payment service.
  • authenticID enhances ID proofing technology to help combat cloned credit card fraud.
  • Green Dot wins top honors in four categories at 2014 Paybefore awards.
  • Global Banking & Finance Review takes a look at Kalixa Group’s American expansion.
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.

BRIDGEi2i’s Cloud-Based Analysis Platform Brings Banks Insight Into Consumer Needs

This post is part of our live coverage of FinovateAsia 2013.

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BRIDGEi2i demonstrated how its Surveyi2i product can derive insight into the customer experience:
“Surveyi2i is a cloud-based one-stop shop for all analysis and reporting needs from survey data. Surveyi2i enhances productivity for analysts and researchers. Business managers can derive insights quickly without help from data scientists. Surveyi2i enables financial institutions to very easily implement data-driven customer and employee engagement strategies by understanding customer needs and experiences better at negligible costs.”
Presenting Prithvijit Roy (CEO & Co-Founder) and Pritam Kanti Paul (Director & Co-Founder)

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Product Launch: August 2013
Metrics: 35 member organization working with 10+ enterprises globally in Financial Services, Insurance and Technology. Surveyi2i has around 80 registered users and 2 paid clients since launch. BRIDGEi2i has around 2,000 website visits per month with 10,000 page views and 1,000+ followers in social media. BRIDGEi2i has featured among the top 10 analytics and big data start-ups in several coveted publications.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, and licensed
HQ: Bangalore, India
Founded: May 2011
Website: bridgei2i.com
Twitter: @BRIDGEi2i

FinovateAsia 2013 Demo Companies Bring Global Innovation to Singapore

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).

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Here’s the breakdown of the number of companies from each region:

  • Asia: 12
  • Europe: 11
  • North America: 9
  • Africa: 1
  • Oceania: 2
  • Middle East: 2

To refresh your memory, the list of the companies that we’ve hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

  • Advanced Merchant Payments
  • App Annie
  • Arkalogic
  • ArthaYantra
  • Backbase
  • BehavioSec
  • BlueKite
  • BRIDGEi2i
  • CustomerXPs Software
  • DragonWealth
  • GMC Software Technologies
  • i-exceed
  • IND Group
  • Intuition Intelligence
  • KlickEx
  • Kofax
  • LifePAD
  • Luminous
  • Mambu
  • Matchi
  • Mistral Mobile
  • Mobexo
  • Mobino
  • Pangea
  • Payoneer
  • Pixeliris
  • Red Zebra
  • SaaS Markets
  • Serverside
  • Smart Engine
  • TIBCO
  • Tootpay
  • TradeNet
  • TSYS
  • White Label Personal Clouds
  • Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email asia@finovate.com.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
2011-2008
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.

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All numbers and funding information sourced from Crunchbase.com

What to Expect at FinovateAsia this November

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You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


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Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses
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ArthaYantra provides personal financial advice online to everyone irrespective of what they earn
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Backbase brings social media to the bank, and the bank to social media
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BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication

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BellaDati is the agile business data analysis with human touch
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BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home
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BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA
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CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally
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GMC Software Technology is a leading software developer of solutions that transform the customer experience
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i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems
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IND Group is a leading innovator and developer of digital banking, PFM and payments technology
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Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels
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KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well
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Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction
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Luminous is a boutique innovation company that has become synonymous with innovative banking around the world
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Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution
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Matchi is a matchmaker for innovation
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Mistral Mobile powers your mobile financial services to serve anyone
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Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones
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Mobino enables mobile payments for 5 billion people, from any phone, no credit card required
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Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world
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Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


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SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers
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Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results

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SinoLending is the leading online lending platform in China
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Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users
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TIBCO Software creates real-time, event-enabled solutions for the 21st Century
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Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone
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TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month
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TSYS focuses on people-centered payments
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White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations

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Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data
To learn more about FinovateAsia, visit the event page, check out the FAQ, or email asia@finovate.com.