Finovate Alumni News


  • Finovate Global: Nigerian Fintechs Near $400m Week; Ant Financial Eyes License in Singapore
  • Tyro Payments Preps for IPO
  • FinovateMiddleEast Best of Show Winners Announced.

Around the web

  • CurrencyFair introduces cross-border collections solution for marketplaces; inks partnership with Chinese wholesale marketplace, Buy-World.
  • Enveil wins $1 million contract from the Air Force Life Cycle Management Center (AFLCMC) to improve supply chain security.
  • MoneyHub, Salt Edge, Direct ID, and Plaid earn finalist spots in the Financial Data & Technology Association (FDATA) Awards 2019.
  • Chatbots.Studio to provide chatbot templates for Colvir Software Solutions end clients.
  • doxo expands doxoINSIGHTS to 900 cities.
  • Plaid makes inroads into France, Spain, and Ireland.
  • myGini named to the Benzinga Global Fintech Listmakers and recognized as a Best Payments App.
  • BodesWell joins FinMason’s FinSpring accelerator program

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

  • Plaid launches Investments to give developers and financial institutions the ability to build holistic views of customer investment accounts.
  • Equifax forges strategic alliance with GIACT Systems.
  • PayPal COO Bill Ready to leave company at the end of the year to “pursue entrepreneurial interests” beyond PayPal.
  • CurrencyFair announces its Come Home campaign offering Irish nationals living abroad the opportunity to win a €30,000 relocation package to return to Ireland.

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 Earth Day (and Every Day) Paperless is the Way to Be.
  • OutSystems Brings Benefits of Low Code Dev to U.K.s Biggest Manufacturers.

Around the Web

  • PayPal’s Venmo considering credit cards for monetization.
  • Micronotes awarded U.S. patent for AI-driven interactive marketing system.
  • CurrencyFair adds Indian Rupee to currency list.
  • Citi introduces biometric authentication for institutional customers in the APAC region.
  • With its IndiVideo solution, BlueRush and Chilean partner, Kunder, win Best Financial Services Online Video at the 2019 Internet Advertising Competition awards.

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

  • Dutch fintech Five Degrees purchases core banking IT systems provider, Libra.
  • QuickBridge to participate in Lendio’s turndown lending program.
  • PasswordPing announces new Chief Executive Officer, Michael Greene. See PasswordPing at FinovateFall next month.
  • Identity-as-a-service specialist Onfido forges partnership with Claim Technology.
  • Alphacomm Solutions to deploy ACI Worldwide’s UP eCommerce Payments technology.
  • CurrencyFair acquires Hong Kong-based Convoy Payments.
  • interviews Entersekt SVP of engineering, Richard Bailey.
  • Bluefin and payment service provider Anderson Zaks partner to provide Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) security solution to merchants and retailers.

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


  • Microsoft, Nationwide Invest $12 Million in SME Lender BlueVine.
  • Gusto Brings in $140 Million, Doubling Valuation to $2 Billion.
  • Tavant Technologies Powers New Personalized Mortgage POS System from Ditech.

Around the web

  • Coinbase taps Jeff Horowitz as its next Chief Compliance Officer.
  • Thomson Reuters announces strategic partnership with global cryptocurrency market data aggregator, CryptoCompare.
  • FIS and blockchain platform Billon sign letter of intent to pursue joint product development.
  • Prosper surpasses 1 million loans have been originated, totaling about $13 billion.
  • Kofax enters sales agreement with JIEC to deliver RPA and digital transformation solutions.
  • CurrencyFair surpasses milestone: €7 billion traded.

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.

The Faves of FinovateAsia: A Brief History of Best of Show Winners

With FinovateAsia less than one week away, it’s worth noting that the history of our Asian conference is a short, but illustrative one. Consider this: of the twelve companies awarded Best of Show from our three FinovateAsia conferences in 2012, 2013, and 2016, more than half are multiple-time Best of Show winners, having impressed audiences in London, Silicon Valley, and New York City, as well as Singapore and Hong Kong. And three of the companies have also been the targets of major acquisitions: IND Group by MisysEyeVerify by Ant Financial, and Yodlee by Envestnet.

So, other than winning multiple Best of Show awards and being acquired by major players in finance and technology, what have the Best of Show winners of FinovateAsia from last year been up to in the time since? See for yourself below.

FinovateAsia 2016Best of Show

Alpha Payments Cloud (demo)

The biggest news for Alpha Payments Cloud since winning Best of Show at FinovateAsia 2016 is likely the company’s comprehensive rebranding as Alpha Fintech in September. The move was designed to affirm the company’s status as “fintech’s first end-to-end middleware,” using a single API and UI to connect merchants and vendor suppliers across “the entire payments, risk, and commerce spectrum.”

Oliver Rajic, Alpha Fintech CEO added “Now with Alpha, (acquirers and gateways) can evolve to enable the right vendor combination for each unique requirement … thereby extending and enhancing their core solution subset.” Alpha Fintech has already made its first agreement under the new rebrand, teaming up with Payture, a major payment gateway in the CIS region. “Among the early adopters of the Alpha Fintech /Payture integration are businesses in Russia’s e-travel consumer market, which the company says is one of the largest segments of Russia’s e-commerce market.

Dynamics (demo)

Multiple-time Best of Show winner Dynamics announced a partnership with LG Electronics earlier this year. The agreement would put Dynamic’s Wireless Magnetic Communication (WMC) technology in LG Pay. The integration will enable LG mobile phones to transmit traditional magnetic stripe information wirelessly to traditional magnetic stripe readers.

“Dynamics has been building wireless magnetic communication solutions for nearly a decade and is widely considered the founder of the programmable magnetic stripe industry,” Dynamics CEO Jeff Mullen said. “Dynamics’ best-in-breed technology will help LG Pay reach hundreds of millions of new payment environments.”

EyeVerify (demo)

Acquired by Ant Financial Services Group just months before making its Best of Show-winning demonstration at FinovateAsia 2016, EyeVerify has hardly rested on its laurels. This summer, for example, the company partnered with fellow Finovate alum Daon, adding Eyeprint ID to Daon’s IdentityX platform. But the biggest headlines from this multiple Best of Show winning company have to do with their rebrand as ZOLOZ back in August.

“When I announced almost a year ago that Ant Financial acquired EyeVerify, I said we want to do more,” company founder and CEO Toby Rush wrote at the company blog. “Today we publicly commit to providing a hosted identity platform that helps people manage their digital lives.” Rush described an initiative to bring identity services to the underserved and underbanked consumers of Asia, with plans to ultimately bring hosted identity solutions to markets in North America and Europe. (demo)

With two Best of Show awards in two Finovate appearances, intelligent banking assistant developer must be doing something right. earned a spot in Payment Canada’s pitch competition, Dragon’s Den, and was recognized over the summer by Capegemini’s global InnovatorsRace and at the VivaTech conference in Paris, France. Finn. ai also announced a few days ago that ATB Financial would use’s technology to offer its 700,000 customers the first, fully-featured, AI-powered virtual banking assistant on Facebook Messenger.

But in addition to making friends and influencing people, is raising capital, as well. The company raked in $3 million in new funding in October, and plans to use the financing to help add technical talent to its team, as well as support the company’s expansion in the U.S. and around the world. Banking industry veteran, Carrie Russell, who will join as Strategic Executive Adviser, noted the importance in helping banks “move beyond transactional banking to build deeper, more personal relationships with customers.” Russell added “I believe is the right partner to do this, acting as a proactive virtual assistant to help customers understand, plan and take action to improve their financial lives.”

The rest of our FinovateAsia Best of Show winners are listed below:

FinovateAsia 2013Best of Show

FinovateAsia 2012Best of Show

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.









Credit Karma





Gusto (formerly ZenPayroll)










Personal Capital





Ripple Labs
















Finovate Alumni News


Around the Web

  • Technology from Modo Payments supports new loyalty point POS payment partnership between FIS and Verifone.
  • CurrencyFair unveils new SMS/push notifications feature for deposits and auto transactions.
  • RightCapital enhances platform to make compliance with DOL fiduciary rule easier.
  • FIS earns top honors in Bank Director’s Core Provider and Asia Risk Technology rankings.
  • Marc Thompson joins PaySimple as Chief Financial Officer.
  • Token partners with VirtusaPolaris, information technology consulting and outsourcing company.
  • M1 Finance rolls out retirement account functionality.
  • CUNA Strategic Services partners with Kasasa to provide credit unions with products and services to stay competitive.

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


  • “TIO Networks Rebrands Consumer-Facing Billpay Site to”
  • Check out today’s FinDEVr APIntelligence.
  • “Hip Money Launches Kickstarter Campaign”
  • “Finovate Debuts: Scalable Capital Brings Advanced Risk Management to Robo-Advisory.

Around the web

  • PYMNTS breaks down its discussion with PayPal CEO Dan Schulman.
  • Dallas Area Rapid Transit partners with PayNearMe to reduce cash handling by transit operators.
  • CSI globalVCard partners with MacNair Travel Management to bring virtual card payment solution to travel managers and procurement professionals.
  • Bangkok Bank’s mobile P2P service is powered by Mobiliti Edge from Fiserv.
  • FIS earns top honors at 2016 PYMNTS Innovator Awards and 2016 Pay Awards.
  • Credit Karma to deploy Anodot’s automated analytics and anomaly-detection technology.
  • Capriza names Lance Walter as its new chief marketing officer.
  • Payments Journal features Jorgen Nordin, CIO of Fastacash.
  • The Maven’s SME column interviews Ben Geoghegan, Currency Fair co-founder.

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.

CurrencyFair Raises €8 Million; Names New CMO


P2P currency exchange CurrencyFair raised €8 million ($8.9 million USD) in a funding round led by Octopus Ventures. That brings the company’s total financing to more than €20 million ($22.3 million USD).

Also participating in the round were Proxy Ventures and Frontline Ventures.  CurrencyFair CEO Brett Meyers said, “Working with them will help us further develop our brand and the industry as something people and businesses can trust to save them money.” Meyers added that P2P currency exchange needed a “more mature voice” and that the new round of funding represented a “validation of the brilliant product and marketplace we have built.”


Pictured: CurrencyFair co-founder and CEO Brett Meyers demonstrating his company’s iPhone app at FinovateEurope 2013.

In addition to the funding, CurrencyFair announced the hiring of former Unibet Chief Marketing Officer, Nils Andén, as its new CMO. As CMO of one of the largest online gambling businesses in Europe, Andén is credited for the commercial strategy that helped Unibet’s market cap grow from £300 million to £2 billion from 2010 to 2015.

Speaking about the similarities he sees between the P2P currency exchange market today and the online gambling industry when it was in its infancy a decade ago, Andén credited “the extortionate rates of the banks” as helping some of CurrencyFair’s rivals “make a lot of noise at the moment.” However, like Meyers, he said the industry is ready for a “more mature approach” as customers become more comfortable with P2P currency exchanges as an alternative to the banks.

“Style gets you noticed, but substance gets you remembered,” Andén said.

Founded in 2009 and headquartered in Dublin, Ireland, CurrencyFair demonstrated its iPhone app at FinovateEurope 2013 in London. CurrencyFair won Best of Show for its presentation at FinovateAsia 2012.