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:
, for its electronic billing and payment system that allows customers to make payments straight from their email.
, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.
Credit Agricole Apps
, for its online app store where financial apps are co-created between clients and developers.
, for its social trading and investment network
, for its full suite of ebanking channels and BANKTRON management platform.
, for its innovative online banking community.
, for its integrated banking platform that extends from back-end systems to client-facing technology.
, for its SMB-focused online accounting system.
Help my Cash
for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.
, for its smart checking account for group activities.
, for its innovative global applications based on open-loop prepaid card schemes.
, for its e-commerce payment solutions.
, for its Bank 3.0
approach to online and mobile banking.
, for its white-labeled PFM and next-generation online banking solutions.
, for its online savings and investing service that helps users manage their money.
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.
, for its platform that allows expats, foreign exchange students and businesses to move money globally.
, for its service that provides small, short term cash advances to UK consumers online.
, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.
With 300 fintech innovators already taking advantage of Yodlee’s 10-month old accelerator program, the company’s sights are set on still more companies coming on board. In fact, Yodlee anticipates growth of more than 50% by the end of the year.
One of the key features of the program is free access to Yodlee’s API, which brings with it the ability to draw from a wealth of financial data, from bank accounts to rewards campaigns. Program companies have taken this data and run with it, building everything from eWallets to new lending services.
Aside from its role in “paying it forward” (fintech edition), Yodlee has been a very successful outfit in its own right. The company has more than 40 million users and $100 million in capital, with 20% of its customers coming from outside the United States.
It’s worth pointing out that Yodlee’s accelerated startups include a handful of Finovate alumni such as EZBOB and FreeAgent (both companies fresh from appearances at FinovateEurope). Other alumni taking advantage of Yodlee’s platform include Credit Karma, Xero, and LearnVest.
Success with the accelerator program, which was launched in May 2012, may be what has encouraged the company to launch its API incubator program to cater to a different subset of startups. So far, Yodlee has been able to incubate 10 companies, including Finovate alumn, Planwise.
Yodless was last on the Finovate stage in September 2012 as part of FinovateFall in New York. Watch a demo of Yodlee in action here, as they present their small business platform.
This post is a part of our live coverage of FinovateEurope 2013.
showcased its solution that uses data to assess risk:
“We are extending the reach of our solution to make much more intelligent use of the data and information that is the life-pulse of a business. Our users will be able to gain insight into the health of their business in real-time, with FreeAgent automatically highlighting performance trends and potential problems in an easy to understand way.
Equally compelling is our capability to make this information available to banks and other lenders, giving them insights into the strength and financial well-being of their customers, with one eye on customer service and another on risk.”
Product Launched: Q2 2013
HQ Location: Edinburgh, UK
Company Founded: April 2007
Metrics: 50 employees; 27,000 paying customers
Presenting Ed Molyneux (CEO) and Kevin McCallum (Business Development Director)
- Acculynk joins EMV Migration Forum.
- TSYS announces extension agreement with Payment Alliance International.
- True Office scores $3 million funding round. See them demo at FinovateEurope in London!
- GetApp compares accounting options in FreeAgent and Kashoo.
- Taulia doubles customer base in 2012.
- miiCard granted U.S. patent for method of establishing true online identity based on ability to access online financial accounts.
- TIO Networks appoints Bill Burnham, founder of Inductive Capital, to Board of Directors.
- WorkSaveLive blog features ReadyForZero.
- PaySimple launches 3 new integrated partners.
- PlayMoolah launches Yusheng Rush, a Chinese New Year themed mobile game.
- IP Commerce announces latest release of Commerce Boarding, a real-time qualification and decision engine.
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.