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At Tuesday’s second annual FinovateEurope, 35 companies laid it on the line within the grueling 7-minute demo format plus a day of networking in the old London fish market on the Thames.
For the first time ever, and much to our astonishment, every demo finished at or under the time limit. Thankfully, we never had to hear the bell signifying that time is up.
At the end of the last demo, eligible audience members (note 1) voted for their three favorite demos (note 2). All 35 companies received votes (employees of presenting companies cannot vote), but four stood out in the vote tally (alphabetic order):
Cardlytics (with Aimia) showed its in-statement ad platform and management tools (demo recap)
eToro which launched its crowd-sourced “guru finder”
Dynamics and eToro are previous Best of Show winners. You can read our live blog posts on each demo now. And in two or three weeks we’ll have the full demos available at Finovate.com.
Thanks to everyone who attended and presented. We are truly humbled by the support from the European financial community, and we are already making plans for the 2013.
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Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites only from the demos of that day. Ballots were turned in at the end of the last demo session each day.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted.”
4. The four companies appearing on the highest percentage of submitted ballots were named Best of Show.
To start the afternoon session, eToro showed us Guru Finder that allows investors to quickly create and implement trading strategies:
“eToro’s newest innovation on its social trading platform OpenBook is the Guru Finder, which allows users to create personalized and detailed trading strategies that they can easily implement in minutes. It supports copy trading with a very detailed analysis/filter tool to enable users to create their own customized, people-based portfolio. Investors can filter and dissect the largest trading community by different dimensions such as Activity, Risk, Performance and Instruments traded and pick a personalized trader line-up for their people-based portfolio. The visual implementation resembles e-commerce filtering mechanisms, ensuring seamless and intuitive dissection of large data sets to achieve fast and meaningful results.”
Product Launched: February 7, 2012
HQ Location: Limassol, Cyprus
Company Founded: January 2007
Metrics: 190 employees, offices in the U.S., Europe, and Australia, $16.6 million raised, over 1.75 million registered users
Website: etoro.com
eToro announced yesterday that it was selected best social trading platform by FX Empire, a financial information website:
“The committee of FX Empire, comprised of journalists, analysts and traders, decided in favour of eToro’s trading platform due to its ability to provide eToro customers with full transparency and control over their investment portfolio.”
The startup was chosen out of a large group by brokers who nominated eToro for the award.
To learn more about eToro, watch its FinovateFall 2011 demo.
To wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year.
Investment network eToro announced yesterday that it has added a live discussion feed to provide users a method to communicate outside of each others’ profiles:
“OpenBook is enabling traders to follow the general buzz on the network through a live discussion feed that brings all current discussions to the user’s attention.”
The discussion feed joins general feed, the top 100 feed, and the watch list feed on the OpenBook platform.