CardFlight

Where the Alums Are: A Remembrance of FinovateSpring Past

By David Penn Posted on
Categories: Arxan Technologies, Balance Financial, Banking Up, Banno, Better ATM Services, Braintree, CardFlight, Encap, EyeVerify, Finagraph, Finect, FinovateSpring 2013, FinovateSpring 2014, GoodApril, IntelliResponse, Jemstep, Kabbage, Kofax, Leaf, LendUp, LICUOS, Lodo Software, MoneyDesktop, Mortgage Harmony, Narrative Science, NICE Systems, Oink, OneID, OpenCoin, P2BInvestor, PayNearMe, Prestadero, Quantopian, Realty Mogul, SeedInvest, Yseop, Zooz

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It is hard to believe that it is almost time for FinovateSpring 2014.

There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!
EXITS
  • Jack Henry buys Banno for undisclosed sum
  • The rumors are true: eBay’s PayPal acquires Braintree for $800 million in cash
  • Intuit buys tax planning/preparation specialist GoodApril
  • TaxAct acquires Balance Financial
FUNDINGS
  • CardFlight secures $1.6 million in seed funding from ff Venture Capital
  • Encap earns seven-figure investment from ProVenture Seed
  • EyeVerify earns $2.3 million in Series A funding
  • Jemstep raises $4.5 million in Series A round
  • Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
  • Kabbage brings in $75 MIllion in debt financing
  • Leaf raises $20 million from Heartland Payment Systems
  • Alternative lender LendUp raises $14 million in new funding
  • D3 Banking creator Lodo Software Brings in $3 million
  • Narrative Science secures $11.5 million in Series C funding
  • OpenCoin wins investment from Google Ventures, IDG Capital Partners
  • P2BInvestor raises $1.2 million in Series A round
  • PayNearMe leverages Family Dollar Partnership; raises $20 million
  • PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
  • Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
  • Quantopian raises $6.7 million in Series A round
  • Realty Mogul raises $9 million in round led by Canaan Partners
  • SeedInvest raises $2 million in crowdfunded investment campaign
  • SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
  • Zooz Closes $2 million Series A round Led by XSeed Capital
AWARDS
ACQUISITONS
  • OpenCoin acquires SimpleHoney
  • Kofax acquires data integration software provider Kapow Technologies
  • NICE to acquire Causata to enhance customer experience management

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Finovate Alumni News– April 15, 2014

By David Penn Posted on
Categories: CardFlight, HelloWallet, Insuritas, TransferWise
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTransferWise announces more than $1 billion in P2P transfers.
  • Insuritas picked by Nutmeg State Federal Credit Union to open and manage its turnkey insurance agency. See Insuritas demo at FinovateSpring in San Jose.
  • Streetwise reports: HelloWallet Signs Another Big Deal with Aon Hewitt.
  • CardFlight wins Electronic Transactions Association’s 2014 Technology Innovation Award.
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– April 9, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Billhighway, CardFlight, CRIF, LendUp, MiiCard, Oink, ProfitStars, Rippleshot
  • Finovate-F-Logo.jpgMichigan Education Association selects Billhighway to improve membership experience.
  • ProfitStars’ iPay Solutions Resource Center receives NACHA’s 2014 PayItGreen Award.
  • miiCard launches IDaaS for Lenders, a solution that combines ID proofing, bureau data, bank data, & authentication.
  • CardFlight launches SwipeSimple to offer a co-branded mobile POS product to merchants.
  • LA Parent features Oink among its “Cool Tools.”
  • OTP Banka Slovakia to deploy CRIF Credit Framework.
  • LendUp launches in Mississippi, the state with the highest percentage of unbanked and underbanked households in the U.S.
  • Rippleshot CEO Canh Tran to join Chicago-area startups at White House summit on entrepreneurialism. See Rippleshot demo at FinovateSpring in San Jose.
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– October 25, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight, Flint Mobile, InComm, ShopKeep POS, Taulia, TransferWise
  • Finovate-F-Logo.jpgCardFlight wins best startup at New Jersey Tech meetup.
  • Firmology interviews Jason Richelson, CEO of ShopKeep POS.
  • Humanitarian organization Oxfram partners with TransferWise to help British Indians avoid fees.
  • InComm launches Cashtie cloud match service.
  • Flint raises $6 million in Series B funding.
  • Taulia was recently announced as a 2013 Bully Award winner.
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– October 4, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, CardFlight, Geezeo, Kantox, Mitek, Motif Investing
  • Finovate-F-Logo.jpgDel-One Federal Credit Union to offer PFM powered by Geezeo.
  • GigaOm reports: Braintree’s cross-app payment service Venmo Touch comes to the U.K.
  • BBVA blog features Philippe Gelis, founder and CEO of Kantox.
  • Bank Innovation calls CardFlight “a dongle with a difference.”
  • The Financial Brand takes a look at mobile photo account opening via Mitek.
  • Motif Investing CEO talks about motif building in an interview with NBC.
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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CardFlight Secures $1.6 Million in Seed Funding from ff Venture Capital

By David Penn Posted on
Categories: CardFlight

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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.
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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 company’s technology and maintain full control of the user experience. Said Webster, “our clients can integrate mobile payments into their apps in a matter of hours, while still customizing their mobile application and other solutions exactly how they wish.”

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CardFlight Launches Offline Payment Processing Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: CardFlight, FinovateSpring 2013
This is a part of our live coverage of FinovateSpring 2013.

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Next, CardFlight took the stage to launch its payment processing solution:

“We bring the same developer‐friendly, transparent approach to payment processing as Stripe and Braintree. However, we focus on the ~90% of payment transactions that happen offline. 

Unlike other mobile payment services, we offer a very simple and secure SDK/API and work with the developer’s existing merchant account. Developers retain full control of their integrated app experience. They simply use our encrypted mobile mag stripe reader and API so that they can safely and securely accept payments in their apps.”

Product Launch: May 2013
HQ: New York, NY
Founded: February 2013
Twitter: @CardFlight
Presenting Derek Webster (CEO & Founder) and Tim Saunders (CTO)

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FinovateSpring 2013 Sneak Peek: Part 4

By David Penn Posted on
Categories: Arxan Technologies, BBC Easy, CardFlight, Corduro, Credit Sesame, Escardgot, Finect, FinovateSpring 2013, GoNow, Narrative Science, P2BInvestor, Plastyc, Wallaby Financial

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Our FinovateSpring 2013 Sneak Peek preview continues with another 12 companies that will be demoing their innovative technologies at our San Francisco event on May 14 and 15.

If you missed the previous installments of our Sneak Peek preview, here are links to parts 1-3:

Everything you need to know about FinovateSpring, from a full list of presenters to instructions on how to buy tickets, is available at our FinovateSpring 2013 information page here.  

For now, here’s a look at a dozen more fintech companies who will be presenting their innovations on stage in May.

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Arxan Technologies protects the App Economy from emerging hacker attacks with award-winning application integrity protection products that provide best-of-breed mobile app shielding.
Features: 
  • Strengthens financial apps with self-defense and tamper-resistance
  • Delivers multi-layered application security, broadest platform
Why it’s great: Arxan provides global Forbes 500 companies with the world’s strongest and most deployed application integrity protection to launch multi-OS mobile services.

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BBC Easy is a web service that increases lending efficiency and reduces risk by automating the collection of borrower’s financial data.
Features:
  • Pulls financial data directly from the top 10 accounting systems
  • Loans are monitored with automated Borrowing Base Certificates
Why it’s great: Direct access to financial data lowers risk and increases loan efficiency.

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CardFlight is the easiest way to integrate card-present payments into your own mobile apps.
Features:
  • Encrypted reader that works with virtually any iOS or Android device
  • Easy, flexible SDK
  • Support for most payment processors
Why it’s great: Easily accept card-present payments in your apps while keeping full control of your user experience.

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Corduro Register helps enable Payments as a Service for the enterprise.
Feature:
  • No Credit Card, No Phone, No Hassle 
Why it’s great: Corduro focuses on enterprise clients, providing them with a unique way to pay.

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Credit Sesame is the consumer’s credit and lending expert, providing smart financing for your life.
Features: 
  • Buying a house? See what you can afford
  • Compare multiple loans and find the best one
  • Monitor your credit for free on the go
Why it’s great: It’s the one mobile app that provides the information, analysis, advice, and offers you need for every important financing decision.

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Escardgot introduces the Helix SCard. Evolved spending. Simple. Store your cards, select, and swipe.
Features:
  • Merchants can send cards and offers directly to a consumer’s phone
  • A consumer can decide which ones to use when ready to swipe
Why it’s great: The Helix SCard is the perfect transitional technology to usher in the wireless payment industry. No POAS hardware changes like NFC.

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Finect is the only online network for the financial industry.
Features:
  • Online profiles and groups with seamless LinkedIn integration and professional verification
  • One-stop compliant social media
  • First-ever investment profiles for real-time peer discussions
Why it’s great: We’re a one-stop shop network allowing you to build your brand and community in a compliant manner.

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GoNow‘s eWallet Platform will ignite mass market eWallet adoption and includes a “Super Smartcard” programmed by the eWallet which enables payments at any POS terminal.
Features:
  • Full compatible with existing POS infrastructure
  • Generates new revenue, extends brand
  • GoNow has independent secure element
Why it’s great: Available as white label, GoNow’s eWallet Platform makes it easy to launch an eWallet that works everywhere and offers new revenue opportunities.

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Narrative Science enables companies to automatically uncover insights hidden in data and create new content and communication at a scale and frequency never before possible.
Features: 
  • Provides powerful insight across a variety of industries
  • Business intelligence solutions that deliver actionable insight
Why it’s great: Narrative Science’s Quill solution addresses today’s challenges with Investment Research and Portfolio Reporting for both individual and institutional investors.

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Plastyc Inc. enables better banking services to be delivered to all via web and mobile, regardless of income, age, and bankability.
Features: 
  • Turns prepaid cards into DDA alternative
  • Web/mobile consumer interfaces with push messaging
  • 24×7 monitoring and analytics
Why it’s great: Brings life-time-value of prepaid accounts to unprecedented levels.

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P2BInvestor introduces crowdfunding receivables.
Features:
  • Investor dashboard for crowdfunding platform
  • Explore receivables loans to invest in
  • Interactive returns calculator
Why it’s great: First platform for crowdfunding receivable loans

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Wallaby Financial is the first service to combine a cloud-based wallet with an intelligent credit card to help consumers maximize rewards and cash back.
Features:
  • Build the perfect wallet and credit card mix
  • Get more rewards and cash back
  • Swipe smart every time you shop
Why it’s great: Consumers that want to maximize their credit card rewards and cash back can build their ideal wallet with Wallaby.
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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit our FinovateSpring page here.

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