Finovate Alumni News


  • “Finovate Debuts: DoubleNet Pay Puts Payday at the Center of Financial Planning”

Around the web

  • Coinbase expands its services to Canada.
  • Zopa appoints Jaidev Janardana to CEO; co-founder and former CEO Giles Andrews assumes role as executive chairman.
  • ArcBit highlighted in Brave New Coin feature on iOS-based digital wallets. See ArcBit at FinovateFall 2015 in New York.
  • Xero and team up to offer Direct Sync integration for SMEs.
  • Utah Business Magazine names MX number 20 of 50 of Utah’s fastest-growing companies.
  • ID Analytics names Scott Carter CEO.
  • Ormsby Street opens offices in Italy. See Ormsby Street at FinovateFall 2015 in New York in September.

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


  • “SumUp Raises €10 Million in Round Led by BBVA Ventures, Groupon, American Express”

Around the web

  • In its fiscal year 2015, Avoka signs record number of clients and experiences 70% year-on-year bookings growth.
  • Yodlee is accepting applicants for its upcoming Ynext Incubator class.
  • Markit acquires FX trade-processing specialist DealHug. See Markit at FinDEVr 2015 in San Francisco in October.
  • Emailage opens European data center.
  • After BlackRock’s acquisition of FutureAdvisor, ThinkAdvisor considers the fate of Wealthfront and Betterment.
  • Forbes looks at Mint, MaxMyInterest, Moven, and Venom in a discussion on the connection between mobile, messaging, and financial services.
  • Mainstream features a quote from founder of DoubleNet Pay, CEO Brian Cosgray, on the impact of debt on new retirees.

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


  • “New Investment for Dealstruck Boosts Lending Capital to More Than $100 Million”
  • “Hypori Introduces Seamless App Mode in Latest ACE Product Suite Release”; see Hypori live in New York at FinovateFall 2015.

Around the web

  • DoubleNetPay co-founder and CEO weighs in on retirement planning in Employee Benefit News.
  • Bank Innovation: CurrencyTransfer is preparing for a “major funding round.”
  • TransferWise announces support for Apple Pay.
  • PayPal unveils six new features for its invoicing service.
  • ThetaRay opens up its first office in the U.S. See ThetaRay at FinovateFall 2015 in New York.
  • Expensify introduces new travel-and-expense platform with new integrations and partnerships.
  • TransferTo and PayPal partner to enable mobile top-up in Canada.

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.

DoubleNet Pay Takes the Stress Out of Managing Day-to-Day Finances

This post is part of our live coverage of FinovateSpring 2015.

NEW-DoubleNet FINALDoubleNetPay is demonstrating how its technology helps consumers save money:

DoubleNet Pay’s easy-to-use software automatically tracks employees’ bill amounts and due dates and seamlessly schedules payments around their paycheck cycles, leaving employees with an exact amount for discretionary spending—without the headaches or guess work. It also automatically sets aside money for savings, helping employees prepare for unexpected expenses and budget for recurring needs. Plus, it takes the stress out of managing day-to-day finances and gives employees peace of mind knowing their bills are paid on time. The remaining pay will go where it has always gone before (bank account, pay card, or paper check) on time, directly from the employer.

Presenters: DoubleNet Pay Co-founders Brian Cosgray and Cody Laird




HQ: Atlanta, Georgia
Founded: December 2013
Twitter: @doublenetpay

Finovate Alumni News


  • Xero & TransferWise Team Up to Save SMBs on Foreign Currency Exchange Fees

Around the Web

  • Bloomberg interviews LendingTree founder and CEO Doug Lebda.
  • Nashville Business Journal features iQuantifi and its recent study on millennials and their money.
  • Safeco grants Insuritas “Premier Partner” status.
  • Fenergo appoints former Adobe Systems executive Colm Heffernan to chief operating officer.
  • Mitek launches DoubleNet Pay financial app to help workers pay bills and fund savings. See the technology live at FinovateSpring in San Jose.
  • looks at the status of Prosper as tech’s latest “unicorn.”
  • Realty Mogul launches commercial offering.
  • BBVA acquires leading user experience firm Spring Studio.
  • Toshl Finance launches new features with WalletGear 2.0.
  • New York Tech Journal profiles Qapital.
  • InComm Partners with KUBRA to Simplify Cash Payments for Customers.
  • launches, an employee-benefits product that enables employers to contribute directly to their employees’ student loans.
  • Air France-KLM to use Tradeshift for global e-invoicing.

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.

FinovateSpring 2015 Sneak Peek: Part 2



FinovateSpring 2015 is just over a month away. Our annual spring conference returns to San Jose, 12/13 May for two days of live demos of the latest in fintech innovation.

Today we introduce you to another seven companies that will be on stage presenting their technical solutions to some of the financial community’s biggest challenges—from improving engagement through mobile and social channels to improving security and reducing friction for business and individual consumers.

Be sure to check out Part 1 of our Sneak Peek series featuring Alpha Payments Cloud, CUneXus, DRAFT, FundAmerica, SayPay, StockViews, and TrueAccord, as well.

Tickets are going fast. Register today and save your spot at our second Finovate show in San Jose.

Bento_logo_box_snaggit_resizeBento for Business provides financial solutions that fit small businesses, combining the security of a bank with the ease and convenience of a modern technology company.


  • The Bento Prepaid Commercial MasterCard provides small business owners with controls, such as where, when, and how much their employees can spend without putting their owners’ personal credit at risk.

Why it’s great
Bento’s solutions are designed to save owners time and help eliminate expense ‘leaks,’ a type of fraud that can cost them up to 5% of their revenue each year.


Bento_FAhamd_cropFarhan Ahmad, Co-founder and CEO

Ahmad was formerly managing director at Barclays and the global head of emerging payments and prepaid for Discover Financial Services. He has held leadership roles at JPMorgan Chase, Bank One and First USA.


Bento_SAnderson_cropSean Anderson, Co-founder and Chief Product Officer

Anderson was formerly senior director of emerging products at Blackhawk Network, where he built and launched their open API platform, launched an offers platform, and developed a prepaid processing platform.


DoubleNetPay_logo_box_snaggit_resizeDoubleNet Pay automatically pays bills and funds savings goals directly from an employee’s paycheck, eliminating guesswork, late fees, and budgeting hassles.


  • Seamless integration with major payroll processors
  • Allows an employee to simply snap a picture of a current bill stub
  • Employees can easily create, fund, and redeem custom savings goals

Why it’s great
Bills are paid and savings funded automatically on payday, just like payroll taxes.


DoubleNetPay_BCosgray_cropBrian Cosgray, Founder and CEO

Cosgray has spent his entire career in financial services. Working with customers across the economic spectrum convinced him of the need to simplify and automate how people pay bills and save money.


DoubleNetPay_CLaird_cropCody Laird, Co-founder and COO

Laird is a financial technology veteran. Prior to co-founding DoubleNet Pay, Cody spent 21 years with SunTrust Bank helping to design and build their current retail banking platform.


DoubleNetPay_BLevy_cropBret Levy, Co-founder and CTO

Levy has been responsible for the architecture of many innovative, highly scalable software systems, most notably the Scientific Games system that powers most state lotteries.


KarmicLabs_Dash_logoKarmic Labs provides API-based payment and SaaS solutions for card issuance (initially commercial market). Karmic offers Dash, FIS, and also uses Karmic’s APIs to offer its own product to FIs.


  • Robust API infrastructure for commercial card issuance
  • Payment virtualization layer
  • Creates a marketplace of innovative financial technology and SaaS solutions for the commercial market.

Why it’s great
Karmic labs offers API-based payment and SaaS solutions, of which its first product is Dash; the APIs are also used by FIS, a global leader in banking and payments technology, for its own product to FIs.


KarmicLabs_RWeidenmiller_new_small_cropRyan Weidenmiller, CEO

Weidenmiller is an entrepreneur who built a top-ranked venture capital fund in China, now working on Karmic Labs’.


KarmicLabs_CAgerton_crop2Chris Agerton, CTO

Agerton was previously at Google, and was a founding engineer at Pinterest, responsible for developing high-availability architecture at Scribd.

FIS_TLand_FS15Troy Land, Group Executive of Emerging Commerce, FIS

Land is the group executive of emerging commerce at FIS within the retail payments division; he holds expertise in business and product development.


SizeUp_logoSizeUp: SizeUp FI (financial insitutions) is big-data for small businesses. It enables FIs to provide their customers with business intelligence through the FI’s own website.

Features of SizeUp FI:

  • Enable your FI’s customers to :
    • Compare their business performance with that of industry competitors
    • Find customers, suppliers, and competitors
    • Discover best locations to advertise

Why it’s great
SizeUp FI delivers a deeper business-customer partnership through success assistance; “sticky” client engagement; FI services awareness; and big-data insights that SMEs couldn’t previously access.


SizeUp_AUbalde_cropAnatalio Ubalde, CEO and Co-founder

Ubalde is a successful entrepreneur leading Software as a Service (SaaS) ventures focused on data-driven solutions for small businesses and economic development.


SizeUp_TBarron_cropThomas Barron, VP Business Development

Barron has developed corporate partnerships for 15 years from Fortunte 500 companies to 5-person startups. He previously worked at Visa developing strategic partnerships.


Stratos_logo_snaggitfromboxStratos consolidates cards into one dynamic card, making payments secure and smart. Stratos Digital Card Issuance Platform allows cards to download instantly, digitizing physical fulfillment.


  • Ensures virtual top of wallet, increases consumer engagement and loyalty
  • Provides secure card and wallet data
  • Eliminates costly physical card fulfillment

Why it’s great
Starts card working with Stratos Digital Card Issuance Platform to reinvent, not only your wallet, but also cards—just like the iPod and iTunes reinvented your CD collection.


Stratos_TOlson_cropThiago Olson, Co-founder, CEO

Olson worked at CERN and the Department of Defense and is a leader in next generation payments. He graduated with honors in engineering and physics at Vanderbilt.


Stratos_HBalanon_cropHenry Balanon, Co-founder, CTO

Balanon brings technical leadership and expertise to Stratos from his previous experience as co-founder of Detroit Labs, a leading mobile-app agency.


TickerTags_logoTickerTags connects trending social content to investable companies through the monitoring of 250,000+ crowdsourced Tags that have the potential to impact a company’s business.


  • Track social velocity and sentiment of products/brands driving your investment
  • Create your own Tags to associate with Tickers for personalized trending notifications
  • It’s free

Why it’s great
We are a community-maintained platform intent on democratizing information-flow by evolving new monitoring from view-limited tickers to social -monitored tags.


TickerTags_CCamillo_cropChris Camillo, Co-founder, CEO

A pioneer in social arbitrage investing, Camillo’s audited portfolio has averaged 84% annual returns over the past 8 years.


Trulioo_logoTrulioo’s bank-grade AML/KYC identity-verification product, GlobalGateway, enables businesses to perform frictionless ID verification for 3 billion people in more than 40 countries via 140 data sources.


  • Builds confidence and trust by preventing fraud and identity theft
  • Saves time, money, and resources through automated online ID-checks
  • Eliminates barriers to market entry

Why it’s great
Trulioo’s GlobalGateway provides advanced analytics from cyber and traditional data sources to verify identities online by powering fraud and compliance systems worldwide, increasing trust and safety.


Trulioo_SUfford_cropStephen Ufford, Founder, CEO

Ufford has founded four data-focused startups over the last decade while working in the role of CEO. As a serial entrepreneur, he challenges the status quo and if it’s broken, he likes to fix it.


Trulioo_AKvitnitsky_cropAnatoly Kvitnitsky, Director of Corporate Development

With solid startup and corporate experience, Kvitnitsky leads strategic partnerships and data acquisition for Trulioo.