eToro

Finovate Alums Populate the FinTech50

By David Penn Posted on
Categories: Algomi, BehavioSec, Blockchain, Currency Cloud, Darwinex, eToro, ETRONIKA, Fidor Bank, Five Degrees, Holvi, InvoiceSharing, Ixaris, Klarna, Kreditech, Mambu, mBank & Efigence, Nutmeg, Tink, TransferWise, Trunomi, Trustly, Zooz

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

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It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – including our upcoming event in London.
Here is the list of alums in alphabetical order:
According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.
Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

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Finovate Alums Fill Ranks of KPMG’s Fintech Innovators for 2014

By David Penn Posted on
Categories: Betterment, Coinbase, Credit Karma, CUneXus, Dwolla, eToro, FutureAdvisor, Kabbage, Klarna, Kreditech, LearnVest, Lending Club, MiiCard, Motif Investing, Nutmeg, On Deck Capital, PayNearMe, Personal Capital, Prosper, SecureKey, SigFig, SocietyOne, Stockpile, SumUp, The Receivables Exchange, TransferWise, Wealthfront, Xero, Yodlee, Zopa

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Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.
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The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC). 
The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.” 
Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.
“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote. 
“Venture capitalists seek this enduring competitive advantage over and above everything else.”
Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.
“Ones to Watch” 
See the full list of companies here.

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Updated: New Investment for eToro Brings Current Round to $39 Million

By David Penn Posted on
Categories: eToro

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Update: April 23, 2015. eToro has just secured an investment of $12 million from CommerzVentures GmbH, the venture capital division of Commerzbank. Combined with the funds raised in December, the amount raised in this funding round is $39 million.

eToro has a total funding of more than $72 million.

In a round led by Chinese venture capital firm, Ping An Ventures, and SBT Venture Capital, social trading and investment network eToro has raised $27 million in new financing.

The funding takes eToro’s total capital to more than $60 million. Existing investors BRM Group and Spark Capital were also involved in the round.

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eToro CEO Yoni Assia pointed to the “deep industry knowledge” as one of the non-monetary benefits of the new investment. “We share a vision to empower retail investors all over the world to trade and invest in a social and transparent way.”
Mircea Mihaescu, managing partner of SBT Venture Capital, agrees with Assia’s optimism when it comes to social investing, suggesting that it is “part of a revolution started by eToro.” “eToro has become synonymous with financial innovation among members of Gen Y all over the world,” Mihaescu added.
The capital will help eToro accelerate expansion plans, particularly to new regions like China and Russia. SBT Venture Capital’s main partner is Sberbank, the largest bank in Russia and the third largest in Europe.
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(Above: eToro CEO Yoni Assia demoing at FinovateFall 2012 in New York.)
eToro has four million registered users in more than 140 countries using its trading and investing platform. The company’s social trading approach allows users to leverage the knowledge, talent, and experience of the network’s best traders and investors, while encouraging investing transparency, education, and even enjoyment.
Recent news from the company includes the addition of native sharing to its update to OpenBook for Android in October, having brought a new iOS version of the platform to market in July. In June, eToro joined four other Finovate alums on FN’s 40 Fintech Leaders list.
eToro (FinovateFall 2012) is based in Limassol, Cyprus, with a corporate office in London. The company was founded in 2007.

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Alumni News– October 13, 2014

By David Penn Posted on
Categories: Boku, Compass Plus, eToro, InComm, Misys, P2BInvestor, Silanis Technology, Toshl, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCompass Plus announced that its TranzWare e-Commerce authentication solution supports American Express SafeKey.
  • NewsRepublic features Toshl Finance in its roundup of five apps to help you organize personal finances.
  • P2Binvestor signs $1 million revolving line of credit from New College Capital Ltd of London.
  • InComm announces partnership with Virginia Department of Transportation to launch E-ZPass Reload Cards.
  • Xero earns number one spot in annual BRW Most Innovative Companies list.
  • eToro adds native Android sharing to its update of OpenBook for Android.
  • Silanis launches new partnership with AgencyPort Software.
  • eSeller features Boku in its review of top payment apps.
  • Misys inks deal to bring Russia’s Cinimex into its InFusion Partner Programme.
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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Alumni News– July 25, 2014

By David Penn Posted on
Categories: Actiance, BillGuard, Cartera Commerce, Coinbase, DemystData, eToro, FutureAdvisor, Holvi, Jemstep, Kabbage, LendingTree, Malauzai Software, MoneyDesktop, Monitise, Personal Capital, SecondMarket, Wealthfront, Zooz
  • Finovate-F-Logo.jpgFox Business News features Kabbage’s small business lending process.
  • Huffington Post describes how DemystData’s big data analytics help evaluate creditworthiness.
  • Cartera Commerce’s CFO Karen Cambray named a finalist in Boston Business Journal’s 2014 CFO of the Year Awards.
  • Bloomberg: BillGuard programmers code in bomb shelters.
  • Coinbase launches Coinbase Vault to Better Secure Your Bitcoins.
  • MoneyDesktop appoints Brandon Dewitt as its first ever CTO.
  • SecondMarket CEO Barry Silbert stepping down in order to refocus his attention solely on bitcoin.
  • InvestmentNews features roboadvisors Jemstep, FutureAdvisor, Wealthfront, and Personal Capital.
  • The Irish Times looks at Holvi’s move into Ireland.
  • CMS Wire: Actiance wants to help companies curb social media mistakes.
  • Karen Webster of Market Platform Dynamics interviews Zooz CEO Oren Levy.
  • eToro announces new version of OpenBook for iOS.
  • Mobile Entertainment talks with Adam Levene, SVP of Strategy at Monitise Create.
  • LendingTree launches personalization platform.
  • Pymnts takes a look at the partnership between Malauzai Software and Trusteer. See Malauzai at FinovateFall in September.
  • Fortune.com interviews Bill Siegel, interim CEO of SecondMarket.
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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Alumni News– July 3, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, CurrencyTransfer, eToro, MicroStrategy, Misys, TIBCO Software, Tradeshift, Wealthfront, WePay
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMisys launches new, modular core banking solution, FusionBanking Essence.
  • MicroStrategy, TIBCO listed among 16 most significant business intelligence software vendors in new Forrester report.
  • The New York Times Business Day interviews Adam Nash, CEO of Weathfront.
  • Wired Money startup pitch competition features Finvoate alums CurrencyTransfer and eToro.
  • Facebook chooses Braintree as sole payments provider for its FbStart program.
  • Tradeshift makes CPO Rising’s 2014 Hot Tech Prospect list.
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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Alumni News– June 23, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Betterment, Digital Retail Apps, eToro, FutureAdvisor, Nutmeg, Personal Capital, The Currency Cloud, TransferWise, Verde International
  • CEOs and founders from eToro, BehavioSec, TransferWise, The Currency Cloud, and Nutmeg earn spots on FN’s 40 fintech leaders list.
  • Bill Harris, Personal Capital CEO, featured on CNBC to Personal Capital and how it differs from robo-advisors.
  • Investment News looks at the humans behind FutureAdvisor’s robo-advisors.
  • Betterment adds municipal bonds asset class to make client’s non-IRA portfolios more efficient.
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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Alumni News– June 17, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, CurrencyTransfer, D3 Banking, DeviceFidelity, eToro, Ignite Sales, Payoneer, Seeking Alpha, TipRanks, Top Image Systems, Zooz
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTop Image Systems launches eFLOW Signature Verification.
  • Cisco blog takes a look at the company’s partnership with Ignite Sales.
  • Device Fidelity announces first combined module of wireless charging and NFC on iOS.
  • D3 Banking partners with Blackstone Technology to help banks convert to the D3 Banking omnichannel platform.
  • Currency Transfer covers top Israel-based fintech startups: eToro, Seeking Alpha, Zooz, BillGuard, TipRanks, and Payoneer.
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 Alums Make Fast Company’s Top 10 Most Innovative in Finance

By David Penn Posted on
Categories: Dwolla, eToro, MasterCard, NICE Systems, OneID, TransferWise

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Who knew? More than half of the world’s top 10 most innovative companies in finance are Finovate alums.

Don’t just take our word for it. Fast Company published its roster of innovation in the financial space as part of their quest to find those companies that are “creating radical new approaches to move cash from one place to another.” 

And among such widely-known and talked-about entities as Square and Bitcoin, we find more than a handful of innovators who have used the Finovate stage to help show their technology to the world.

Take a look at the companies below, accompanied by Fast Company’s take on just what makes each innovator truly unique.

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Fast Company: “For connecting banks and other clients to frazzled end users when problems arise.”

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Fast Company: “For daring to take on the fee-laden credit card establishment.”

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Fast Company: “For slashing pesky foreign-exchange costs by creating a transparent peer-to-peer network.”

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Fast Company: “For establishing a single login for web users and taking a giant leap toward eradicating the scourge of the Internet: passwords.”
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Fast Company: “For luring international customers with a mobile-payment network that lets them purchase with a simple click.”

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#10 eToro
Fast Company: “For creating a social network that lets traders emulate those with skin in the game.”
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Finovate Alumni News– March 28, 2014

By David Penn Posted on
Categories: BBVA, BehavioSec, eToro, Kantox, Klarna, Mambu, MasterCard, Nostrum Group
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.
  • eToro launches new version of OpenBook.
  • Nostrum Group ranked 9th in GP Bullhound’s Northern Tech 50.
  • Global Payments to offer MasterCard’s MasterPass digital payments solution.
  • New partnership means V&D customers will be able to pay via Klarna.
  • Innotribe interviews Kantox’s CEO, Philippe Gelis.
  • The Financial News features BehavioSec.
  • BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.
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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19 Finovate Alums Selected for 2014 European FinTech 50 Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, BehavioSec, Credit Agricole, eToro, ETRONIKA, Fidor Bank, Five Degrees, FreeAgent, HelpMyCash, Holvi, Ixaris, Klarna, mBank, Meniga, Nutmeg, The Currency Cloud, TransferWise, Wonga, Zopa

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:

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AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.

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BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.

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Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.

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eToro, for its social trading and investment network

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ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.

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Fidor Bank, for its innovative online banking community.

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Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.

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FreeAgent, for its SMB-focused online accounting system.

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Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.
Holvi, for its smart checking account for group activities.
Ixaris, for its innovative global applications based on open-loop prepaid card schemes.

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Klarna, for its e-commerce payment solutions.

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mBank, for its Bank 3.0 approach to online and mobile banking.

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Meniga, for its white-labeled PFM and next-generation online banking solutions.

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Nutmeg, for its online savings and investing service that helps users manage their money.

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The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.

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TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.

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Wonga, for its service that provides small, short term cash advances to UK consumers online.

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Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.

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Finovate Alumni News — January 13, 2014

By David Penn Posted on
Categories: BillGuard, CoverHound, eToro, Flint Mobile, MiiCard, PhotoPay, ShopKeep POS
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeToro to allow its members to invest and trade in bitcoin.
  • CaixaBank enables cardholders to make transaction-based, charitable micro-donations.
  • PhotoPay wins spot in this year’s FinTech Innovation Lab London. See them in action at FinovateEurope.
  • Flint Mobile, BillGuard both featured in Forbes column on companies “moving global commerce forward.”
  • Daily Mail takes a look at Zopa and the Zopa Rate Promise.
  • miiCard and Axiomatika partner to power identity verification solutions for the Russian financial industry.
  • CoverHound grows 533% Year over Year in 2013 and Promotes Keith Moore to CEO.
  • ShopKeep POS launches ShopKeep Mobile for iPod Touch.

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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