Heckyl Announces More Than $3.5 Million in Series B Funding

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In a round led by IDG Ventures India, Heckyl Technologies raised more than $3.5 million in new capital. Also participating in the round were Seedfund Advisors, a previous investor, and angel investor, Rajiv Dalal. The company’s total funding now stands at $4.75 million.

Heckyl Technologies provides real-time financial information and analytics for researchers, traders, and investors. Their platform includes news, market, sentiment, and predictive data analysis, covering more than 35,000 companies and more than 3,500 non-listed entities around the world.

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The company made headlines earlier this year for taking first place at the UK Trade & Investment contest in June. Heckyl also was named the fastest growing enterprise startup in the Indian brokerage industry.

Founded in 2010, Heckyl Technologies demoed its FIND 2.0 (Financial In News & Data) technology at FinovateEurope 2013. See the company in action here.

Finovate Alumni News– November 27, 2013

  • Thumbnail image for Finovate-F-Logo.jpgHeckyl Technologies featured in Startup Innovation.
  • Toopher unveils WordPress plugin.
  • U.S. Bank’s Mitek-powered Mobile Photo Bill Pay wins Best Technology Initiative in Banking award.
  • Independent Research Group names Cardlytics a Best in Class Provider in 4 categories of card loyalty technology report.
  • Ally Bank adds Fiserv’s Popmoney to power recurring funds transfers on its mobile app.
  • PayPal now accepts prepaid gift cards.
  • Mashable looks at HelloWallet as an easier way to save money.
  • The Wall Street Journal reports online advisers like Jemstep enhance free services.
  • Forbes features how Moven can be especially useful over the holidays.
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.

Asia-Based Finovate Alumni Score More Than $200 Million in Financing

As we prepare to bring FinovateAsia to Singapore November 14, we researched the funding of six Asia-based companies who demoed at FinovateAsia last year. Combined, these companies raised more than $215 million from a variety of investors:

BankBazaar, a credit processing platform that allows banks to offer consumers 7-minute credit eApproval on retail credit products.

CustomerXPs creates technology that proactively senses cross-sell, attrition, customer engagement and fraud in real-time.
DemystData enables real-time analysis of big data from consumers and SMBs, allowing for improved interactions as a result of richer, more relevant information. 
    • Venture Round: undisclosed amount from VentureLab
    • Series A: undisclosed amount from Accion and Arbor Ventures
    • FinovateAsia 2012 demo
Heckyl provides real-time financial information, news analytics, trend matrix, and heat maps for coverage of markets, companies, and businesses. 
TradeHero, a virtual trading community where the system models trades and ranks trader performance by proven returns on investment.
Wipro, an information technology, consulting, and outsourcing company that delivers solutions to enable its clients to do business better.
    • Total of $205 million from cMango, Gallagher Financial Systems, Science Applications International Corp., and Promax Application Group
    • FinovateAsia 2012 demo

The funding for these companies comes from a diverse set of investors, many of whom are based in Asia. Janus recently published a piece outlining venture funding options available to Singapore companies. For the most part, Singapore’s equity financing scene is quite similar to the U.S., but there are a few significant differences:

    • The VC scene in Singapore is small compared to the U.S. and Europe
    • Singapore’s government actively pursues VC firms to invest in Singapore startups and entices them with tax and other monetary benefits
    • There are more than 100 VC firms in the city today
    • Many VC firms in Singapore focus on late-stage expansion financing, but some offer financing for early-stage startups
    • Types of VC firms in Singapore range from independent limited partnership to corporate-backed firms
    • Singapore VCs are attracted to services, manufacturing and the high-tech industry

At this year’s FinovateAsia, while not all demoing companies are looking for funding, each will show up to the MAX Atria @ Singapore Expo stage with their newest technology. Want to learn more? Check out FinovateAsia homepage or get your ticket here to be a part of the event.

Finovate Alumni News– June 14, 2013

  • Nomis Solutions wins patent for price sensitivity models.
  • Billeo announces acquisition of ecommerce platform, Swag.io.
  • Encap earns seven-figure investment from ProVenture Seed.
  • Money Marketing considers Narrative Science, Quantopian, Moven, MoneyDesktop and Jemstep.
  • Zopa named Most Trusted Loans Provider at the Moneywise Customer Service Awards 2013.
  • CU Broadcast interviews MoneyDesktop’s Bret Skousen.
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– May 13, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl Technologies named fastest growing enterprise startup in Indian brokerage industry.
  • InvestorPlace interviews Flint Mobile CEO and co-founder, Greg Goldfarb.
  • EyeVerify raises $2.3 million in Series A round. See them demo at FinovateSpring in San Francisco this week.
  • Advanced Trading takes a look at Quantopian and the rise of the new quants. Meet them at FinovateSpring.
  • FIS to provide core banking, back-office processing support to UK-based Sainsbury’s Bank.
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.

Integrated Real-Time News and Data Analytics from Heckyl Technologies

This post is a part of our live coverage of FinovateEurope 2013.
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As we move toward the end of the first afternoon session, Heckyl Technologies is about to take the stage:

“Heckyl FIND 2.0 (Financial In News & Data) is a real-time news and data analytic platform for retail traders and brokerages.
FIND gets integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment, and market data to help traders find the trading opportunities in this fast moving market.
FIND helps you explore new ideas and keep pulse on the current business events/issues. Whether you are a short-term trader, investor, or fund manager, and whether you prefer equities, forex, or commodities, you will find a wealth of information that matters to ‘you’ streaming at your fingertips.
FIND is for retail traders like Bloomberg and Thomson Reuters are for institutions.”

Platform Launched: January 2013

HQ Location: India
Company Founded: December 2010
Website: heckyl.com
Twitter: @iTrake
Presenting Mukund Mudras (Co-Founder) and Som Sagar (Co-Founder)
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Finovate Alumni News– February 4, 2013

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Economist highlights TransferWise. See them demo at FinovateEurope next week.
  • Strategic Shopping blog, November Sunflower, features Jingit.
  • Top Technology News takes a look at the Flint mobile payment system.
  • Linkable Networks now offers deals at Lunds and Byerly’s Minnesota Grocery stores.
  • Virtual Piggy opens London office. Come watch its live demo at FinovateEurope next week.
  • Xero’s Report Packs go live for Australian partners.
  • Bloomberg looks at how StockTwits is adjusting to Twitter changes.
  • eToro updates Trader for iOS to allow for native and social registration.
  • SMC Securities, Global Capital to integrate Heckyl Technologies platform. See them demo next week at FinovateEurope.
  • Finovate Alumni abound in Payment Source’s list of 11 major mergers in payments technology.
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.

FinovateEurope 2013 Sneak Peek: Part 2

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Here’s part 2 of the sneak peek of the companies that will demo at FinovateEurope on February 12 and 13 in London. 

Each company provided a short summary of the innovation they will debut on stage. We published 27 last week and we will complete the preview next week.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateEurope ticket here.

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Backbase

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Digital Marketing professionals can use Backbase purely for digital marketing purposes: e.g. collecting user behavior and running campaigns in specific sections of existing websites and platforms, then assigning certain areas where Backbase collects data and shows campaigns.

With Backbase you can now start small. Just embed in your existing site and expand from there, creating a full cross-device user experience platform.

Innovation type: Marketing, mobile, online

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Heckyl FIND (Financial In News & Data) is real time news and data analytics platform for retail traders and brokerages.

FIND is integrated with trading terminals to provide high quality information, visuals, heat maps of sentiment and market data to help traders find trading opportunities in this fast moving market.

FIND helps you explore new ideas and keep pulse on current business events/issues.  Whether you are a short term trader, investor, or fund manager – whether you prefer equities, futures and options, forex or commodities – you will find a wealth of information that matters to you streaming at your fingertips.

Innovation type: Investing & asset management, online

Holvi

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Holvi is the long tail of retail banking. It changes the whole concept of the bank account from a passive utility to an active enabler of any activity. Out-of-the-box Holvi comes with built-in payment acceptance, tools for financial understanding and the ability to share it with a group. We bring in building blocks from our banking and payments partners that our customers can add to their Holvi accounts.
Holvi is used by small businesses, non-profit organisations, projects and individuals. Holvi is regulated by the FIN-FSA and is located in Finland. Holvi is launching Europe-wide in 2013.

Innovation type: Online, payments small business

Kalypton

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Point solutions for payments? Why limit yourself? Proven at scale in Africa, Tereon is a complete payments ecosystem and toolkit designed to support rapid innovation.

With Tereon, you can implement any number of innovative products and payment services, be they point solutions or new networks. You can support any business logic, and you can use existing core systems and settlement processes to provide secure, inter-operable, account-to-account, payments that meet stringent regulatory standards.

We will demonstrate a four-party deployment that supports payments from phone to phone, phone to card terminal, card to terminal and on-line in multiple currencies.

Innovation type: Banking

Metaforic

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Metaforic has a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.

For financial institutions that have a lot of mobile developments underway, Metaforic technology can be integrated with existing developments at the end of the software development lifecycle. This technology is an automatic process not requiring significant developer time or security expertise.

Innovation type: Security

Pockets United

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Pockets United occupies a hot space: carriers see their business threatened by all-encompasing data flats, while traditional banks and credit card companies see payment shifting to mobile devices – whose users are owned by the carriers, ultimately leaving both seeking for differentiators.

BAM! ‘Social’ is the next big thing in mobile payments, yet it is not easy to implement for existing PSPs or banks. A category killer in this field must be social by design.

Think of us as Paypal, just with a lot more pal – and get excited about a cutting-edge user experience that is fun to use day after day! Because, after all, dividing expenses should lower the burden for all, not cause additional effort for some.

Innovation type: Mobile, payments, PFM

rplan

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Investing can be time-consuming. rplan has created a simple, easy-to-use tool to create your own personal investment portfolio from over 2,400 available investments to find the ones best suited to you.
rplan is for customers who want choice, but who don’t want to become finance specialists just to manage their investments – because there are better things to do in life than researching mutual funds.

Innovation
type: Investing & asset management, online, PFM

SumUp

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SumUp’s vision is to change commerce on a global scale starting with a real and existing payments problem.

Today, millions of small businesses are missing out on customers because they cannot accept card payments due to high fees and long contract durations. SumUp offers the easiest way for small businesses to accept card payments. 

Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device, with a transparent fee of only 2.75% per transaction.

SumUp will demo a new cashless point-of-sale solution that will radically simplify the way people pay in every day life.

Innovation type: Cards, mobile, payments, rewards

Finovate Alumni News– January 16, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple and Jwaala’s natural language search.
  • Metaforic extends its app protection system to be compatible with the upcoming BlackBerry 10 operating system.
  • Plastyc powers online banking and payments services for H&R Block, launches new white-label service.
  • Andera increases sales bookings by 59%, sees 5x increase in oFlows customers.
  • Cambodia’s leading commercial bank adopts Temenos Group technology upgrade.
  • Fiserv completes acquisition of Open Solutions.
  • AppShopper features eDeposit’s first mobile app.
  • Edelweiss Securities launches real time news terminal powered by Heckyl Technologies.
  • Google Analytics touts Kapitall’s content experiments.
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– January 8, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Financial Brand investigates how Mitek’s bill payment service can aid customer account switching.
  • ShopKeep POS partners with Griffin Technology to launch iPad POS system with a built-in magnetic card reader.
  • Fiserv selects Aconite’s Smart EMV Manager solution to enhance EMV card processing systems.
  • LearnVest app reaches 100,000 downloads.
  • SEO-Cart integrates PayLeap from Acculynk Direct, a division of Acculynk.
  • Profile of Banno CEO in American Banker highlights recent partnership with ProfitStars.
  • Phillip Capital signs Heckyl Technologies to integrate News and Sentiment analytic platform.
  • CreditKarma, PayPal, Experian, Pageonce, and Manilla earn spots on Netbanker’s top 50 iPhone and iPad finance apps.
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.