Finovate Alumni News

On Finovate.com

  • Jumio Teams Up with TruNarrative to Fight Financial Crime.
  • Currencycloud to Power Cross Border Payments for Fellow Fintech.
  • Minna Technologies Raises $6.3 Million.

Around the web

  • Dwolla introduces Labels to help application owners customize how funds are allocated.
  • Akamai launches Enterprise Defender to help customers secure all enterprise applications and users.
  • Kabbage to power loans for Azlo small business clients.
  • Lighter Capital has financed more than $150 million in 500+ rounds of revenue-based financing to over 300 startups.

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

  • Fintonic’s $21.4 Million Funding Boosts Valuation to $180 Million.
  • Sezzle Raises $5.6 Million in New Funding.
  • Fintech’s Innovation Opportunity: From AI to UX.

Around the web

  • Dwolla wins Best B2B Payments Product in the FinTech Breakthrough Awards.
  • G2 Crowd names Signifyd the leader in customer satisfaction in the fraud protection market.
  • FreeAgent launches new option that lets you create estimates that exclude the VAT amount from totals.
  • RightCapital selected to join LPL Financial’s Vendor Affinity Program.
  • American Banker: Envestnet to add lending option to its wealth services.
  • Taulia taps Google Cloud to launch AI-powered invoicing solution.
  • LendIt recognizes CuneXus as Top Emerging Tech Company, marking the company’s 3rd major industry recognition of 2019.

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

  • Stash Scores $65 Million; Launches Stock-Back Rewards.
  • TickSmith Teams Up with CanDeal to Power DataVault Innovations.
  • First Wave of Demoing Companies for FinovateSpring Revealed.

Around the web

  • Aerospike launches suite of add-on modules, Aerospike Connect, to make it easier for businesses to integrate the company’s database.
  • Identitii renews its partnership with HSBC Global Services (UK).
  • Onfido appointed to the FIDO Alliance Board of Directors.
  • ACI Worldwide announces the extension of its partnership with South Africa’s Capitec Bank.
  • IdentityMind Global to support Koi Trading’s AML Compliance-as-a-Service offering.
  • Gusto appoints Square’s former Head of Information Security Fredrick Lee as its new Chief Security Officer.
  • PayPal adds instant transfer feature for bank accounts.
  • Insuritas and ReliaQuote partner to offer ID theft protection to 10 million consumers.
  • Fenergo enables financial firms to digitally visualize risk in fight against financial crime.
  • GroundFloor partners with Dwolla to make payments more efficient for borrowers and investors.

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.

Dwolla Helps Status Streamline Cash Rewards for Savings

Status Money, the personal finance app that leverages peer comparisons and cash incentives to encourage users to make better financial decisions, announced a payments partnership with fellow Finovate alum, Dwolla, earlier this month. Status Money will leverage its new relationship with Dwolla to access the ACH network, so it can send earned cash rewards to members more efficiently.

Dwolla will also be a major part of the company’s referral program, which offers cash rewards for referring non-members to the app. Status members earn $1 for each referral who signs up, with the new referred member earning a $7 reward. After a member accumulates $10 or more in total rewards, they can redeem them for cash by way of a Dwolla-enabled, free ACH bank transfer.

Status Money CEO and co-founder Majd Maksad praised cash rewards as a new way to incentivize savings in the PFM industry, and said that working with Dwolla would enable the company to get cash rewards to members quicker. Status offers users powerful financial insights based on peer comparisons, national averages, and more than one million custom groups. This data, combined with personal finance algorithms, helps users better manage spending, savings, debts, and investments, and connects them with partnering FIs that offer relevant financial services.

Status Money demonstrated its technology at FinovateSpring 2018. With more than 200,000 members, the company has raised $4 million in seed funding from Altpoint Ventures. Earlier this month, Status announced adding its first $100 reward. Founded in 2016, the company is headquartered in New York City.

Dwolla demonstrated its FiSync technology at FinovateSpring 2015. Earlier this year, the company announced that it was powering AutoInvest, a new automatic investing feature from OneGold. Late last year, Dwolla announced a pivot to focus on its white-label API, discontinuing its final branded solution, Transfer. The Des Moines, Iowa-based company was founded in 2008, and has raised more than $54 million in funding.

Finovate Alumni News

On Finovate.com

  • AI Foundry and Ellie Mae Leverage AI to Accelerate Lending.
  • Dwolla Helps Status Streamline Cash Rewards for Savings.
  • Live from London: Breaking Banks Power Hour Rocks FinovateEurope.

Around the web

  • Marketing Technology Insights interviews BlueRush CEO, Steve Taylor.
  • PaymentsSource features nCino, Jumio, MX, LendKey, Kasasa, Jack Henry & Associates, Alkami, Finicity, and Prosper Marketplace in its list of the Best Fintechs to Work For.
  • Fiserv joins Financial Data Exchange as a sustaining member.
  • Partnership with Mercury FX brings Ripple to the Middle East and Canada.
  • TurnKey Lender highlighted as a top auto loan origination platform by HCCResearch.
  • European CFD/FX firm Windsor Brokers goes live with iSignthisISXPay and Paydentity solutions.

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

  • New Funding Helps Featurespace Fight Fraud in Financial Services.

Around the web

  • WeInvest announces North Asia expansion with appointment of new Head of Sales, Thomas Tse.
  • Yoyo Wallet partners with artisan coffee chain, SOHO Coffee.
  • TAG includes DefenseStorm and FeatureSpace in its list of the top 40 most innovative companies in Georgia.
  • ACI Worldwide brings its real-time payments solution to 17 Hungarian banks courtesy of partnership with T-Systems and Takarékinfo.
  • Dwolla powers AutoInvest, a new automatic investing feature from OneGold.
  • MaxMyInterest boosts top rate available on its platform to 2.46%, the highest rate in the country.

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

  • KPMG Acquires Minority Stake in Alternative Credit Scoring Specialist, AdviceRobo.
  • Thinking Capital, National Bank Expand Funding Options for Canada’s SMEs.

Around the web

  • Australia’s business bank Tyro to offer flexible same-day settlement and payroll integration courtesy of a partnership with Xero.
  • Spreedly unveils latest version of its Account Updater solution.
  • Dwolla discontinues its last branded solution Transfer; pivots to focus on Dwolla Platform, the company’s white-label API.
  • Klarna to acquire Close Brothers Retail Finance (CBRF).
  • Saudi Arabia’s National Commercial Bank partners with Ripple for instant settlement of cross-border money transfers.
  • WorkFusion launches Partner Portal to support rise in AI-driven automation engagements.
  • Solna launches its intelligent invoicing tool powered by credit score data.
  • Personal Capital Promotes Craig Birk to Chief Investment Officer.
  • Moody’s Analytics partners with Cortera on a small business solution.
  • Arxan launches advanced protection for client-side eeb apps.
  • Checkbook celebrates topping two million user milestone.

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

  • Xero Buys Paperless Accounting Firm Hubdoc
  • NestReady Collaborates with Alterna Savings on Home Buying Solution.
  • PayActiv Partners with ADP Marketplace.
  • IdentityMind Global to Help ZED Network MTOs Meet KYC, AML Compliance.

Around the web

  • ProfitStars to automate commercial lending for Ion Bank.
  • Fenergo earns Top Performer status in the Overall Rankings of the RegTech 2018 Report.
  • One World Identity highlights Averon as a Company to Watch in its annual report on innovations in identity and authentication. See Averon at FinovateFall 2018 in September.
  • Arxan experiences double-digit revenue growth, expands global reach.
  • Flashtalking and Neustar partner to fill the void created by the removal of DoubleClick ID.
  • Insight on Business interviews Dwolla’s Stephanie Atkin.
  • Immervox features Bluescape and CRMNext in its list of Five Companies Leading the Charge in the Changing Workplace.

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.

Dwolla Launches Start, a Pay-as-You-Go Payment Solution

Payments platform Dwolla introduced a new product plan today. It’s called Start, and it offers a white-labeled, out-of-the box way for businesses to send and receive money without a large time or money commitment.

Launching in beta today, Start will complement Dwolla’s other offerings: Scale, which provides a consistent monthly bill with a set number of transactions; and Enterprise, which the company describes as a customizable, “white-glove” approach for complex businesses. Start is differentiated from Scale and Enterprise because it does not lock businesses into contracts, nor does it require monthly minimums. Overall, the new offering helps Dwolla deliver on its commitment of “helping businesses of all sizes start and scale their growth.”

Businesses can integrate their existing app with the Start API or they can use Start’s dashboard, which does not require any coding. After signing up, businesses simply complete AML and KYC checks and can then go live after being contacted by a Dwolla representative.

The beta version of Start is currently being rolled out to select businesses. There is no word on when Dwolla will open the product for a full launch.

Founded in 2008 and headquartered in Des Moines, Iowa, Dwolla offers a white-label payments API that allows firms to credit or debit any U.S. bank account the user has connected. The company integrates with Sift Science to help reduce fraud by leveraging real-time identity verification. And in May of 2017, Dwolla integrated with Plaid to instantly verify and authenticate customers’ bank accounts using tokenization.

The company most recently demoed FiSync at FinovateSpring 2015. Earlier this year, Dwolla closed a $12 million investment led by Foundry Group that brought its total funding up to $51.4 million. Last month, the company partnered with Cryptanite Blockchain Technologies to process their online payments.

Finovate Alumni News

On Finovate.com

  • Arxan Brings its App Protection Technology to Android.
  • BondIT Integrates Bond Portfolio Solution with FIIG Securities.
  • Dwolla Launches Start, a Pay-as-You-Go Payment Solution.
  • Intelligent Environments Rebrands as ieDigital.
  • Finicity Forges New Partnership with Mortgage Cadence.

Around the web

  • Low-code development specialist OutSystems launches OutSystems Sentry, a new proactive security monitoring service for the company’s PaaS clients.
  • PayPal acquires Jetlore, an AI-powered prediction engine for retailers.
  • Halma partners with OurCrowd for life protection technologies.
  • CNP Awards recognizes ThreatMetrix for ThreatMetrix ID.
  • EY names Flywire CEO Entrepreneur of the Year finalist in New England.

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.