- Fenergo wins Outstanding Achievement in International Growth award from Irish Software Association.
- Global Debt Registry launches Debt Lookup, a free online service for consumers.
- Eastern University chooses ACI Worldwide to power its payment plan and tuition payments.
- Monitise, FreeAgent, True Potential, and Nostrum Group earn spots in Deloitte UK Technology Fast 50.
- Pymnts.com: PayStand takes eChecks to the next level.
- Finovate Debuts: PayItSimple’s Financing Tool Gives Customers Extra Time to Pay for Goods, Interest-Free
- Pymnts considers Mitek’s growth and future plans.
- ProfitStars launches behavior-driven marketing capabilities with Kernel.
- Western Heritage Credit Union hires Insuritas to install their insurance agency for the CU’s 10,000 members.
- Actiance announces enhanced voice recording for Microsoft Lync 2013.
- Billhighway takes “Triple Crown” in Workplace Culture Awards with #6 rank on Crain’s Cool Places to Work List.
- Temenos positioned as a leader in Gartner’s Magic
Quadrant for International Retail Core Banking.
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.
With FinovateEurope 2015 just around in the corner, it was nice to begin the week with news that a quartet of alums have been named to the Deloitte UK Technology Fast 50 for 2014.
The Deloitte UK Technology Fast 50 ranks the 50 fastest growing technology companies over the last five years based on revenue growth. David Halstead, Deloitte partner leading the Tech Fast 50, noted that software companies were “showing particular strength” this year, with the largest number of entries coming from this group.
Technology and financial services provider enabling mobile banking and payments
Growth rate: 2,639%
“With so many fast-growing technology companies emerging over the last few years, to be ranked among the top 15 in the UK for four years running is a tremendous achievement. This can be credited to our fantastic team based in the UK and beyond . . . who are creating, launching, and maintaining market-leading services for our clients around the world every day.”
Small business cloud accounting systems provider
Growth rate: 1,274%
“Being recognized in the Deloitte Fast 50 list is a great accolade in itself, but being listed for two years in a row is a tremendous achievement. It’s a real testament to the hard work of our team, our continued growth as a company and the rising number of passionate and loyal customers who are using FreeAgent to manage their small business finances.”
Financial services company providing technology and business solutions
HQ: Newcastle upon Tyne
Founded: March 2007
Growth rate: 837%
“The UK is facing a savings crisis where people are not saving the amount they need for a comfortable retirement. At True Potential we believe in making saving and investing simple and more accessible using cutting edge technology, so this recognition is particularly rewarding.”
Developers of automated loan management technology
Founded: August 2001
Growth rate: 812%
“Making the Technology Fast 50 for the second consecutive year is a significant accomplishment for us and another proud milestone in our journey. This year we were named in the Sunday Times Tech Track 100 for the first time, and we’ve also just heard that, once again, we’ve been accepted for FinovateEurope 2015 which is a premier platform for FinTech businesses like ours.”
Speaking of FinovateEurope 2015, join Nostrum Group and 70 other fintech innovators for our upcoming conference in London on February 10 and 11. Click here
to get your tickets and take advantage of special early bird pricing
And for more information on the Deloitte UK Technology Fast 50, click here
for an extensive info graphic that provides growth comparisons between the 2013 and 2014 winners, sector and regional breakdowns, and more.
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.