Finovate Alumni News

On Finovate.com

  • New Investment for LendUp Spurs Credit Card Spin Off.

Around the web

  • Klarna announces collaboration with classic watchmaker Daniel Wellington.
  • Legal & General to deploy NICE’s robotic process automation (RPA).
  • HP forges partnership with PayPal to provide payment processing for its new POS system, Engage One Prime.

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

On Finovate.com

  • What’s in a Name? New Mastercard Logo Embraces Icon Age.
  • LendingFront Locks in $4 Million in Series A.

Around the web

  • Ledger introduces its Bluetooth-enabled hardware wallet, Ledger Nano X.
  • Matthijs Aler appointed as the new CEO of Ohpen.
  • PaySend launches new money transfer service, PaySendLink.
  • QNB Group to deploy digital cash management solution from iGTB.
  • Klarna teams up with Stripe and Poq to enhance Missguided’s U.K. app.
  • Oliver Weber takes the helm as the new VP of Digital Banking, Switzerland, for Crealogix.
  • Infosys Finacle announces partnership with Qatar National Bank.
  • Benedigo and Adelaide Bank deploys regtech reporting solution from Wolters Kluwer.

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

On Finovate.com

  • Interactions Partners with Next Caller for Phone-Based Threat Assessment.
  • BioCatch Brings Behavioral Biometrics to ACI Worldwide.

Around the web

  • Token to support PSD2 compliance and open banking capabilities for U.K.’s thinkmoney.
  • SafeAmericaCU’s switch to AI-powered technology from Bankjoy helps the $433 million asset FI to earn “Best Practices” honors from CU Journal.
  • TransferWise secures £65 million syndicated debt facility with NatWest, JP Morgan, and LHV Bank.
  • iSignthis plans for Australian neobanking license in 2019.
  • PayNearMe’s electronic payment volume grew by more than 25% month-over-month in the past year.
  • Klarna joins Shopify Plus Partner program to power merchants.
  • TrueAccord wins a Healthy Mothers Workplace Award.
  • Passport recognized as one of Charlotte’s fastest growing companies.
  • Launchfire wins gold Brandon Hall Group Excellence in Technology Award.
  • Bill.com selects Comdata as Virtual Credit Card Provider for B2B Payments.
  • TopTracker partners with Payoneer to allows free payments between companies and freelancers.

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

On Finovate.com

  • EVRY Lands 7-Year Deal Worth $77 Million.

Around the web

  • Shoeboxed has processed 28+ million documents and receives upwards of 200,000 documents per month from customers through Magic Envelope since launching it in 2007
  • Entrepreneur features how Xsolla helps Fortnite game developers get paid.
  • Lendio recognized as a great place to work for third consecutive year.
  • AlphaPoint, facilitates issuance of digital pound sterling for London Block Exchange, a multi-cryptocurrency exchange.
  • Klarna enters global opportunity with Clas Ohlson partnership.
  • iSignthis receives Visa/Mastercard license.
  • Atom Bank partners with Thought Machine.

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

On Finovate.com

  • Check out a sneak peek of Topicus.Finance’s upcoming demo at FinovateAfrica.
  • Launchfire Launches StepDemo to Enhance Employee Training.
  • Poland’s Braintri Merges with iCompass.

Around the web

  • Xero teams up with Absa Bank to improve access to financing for South African SMEs.
  • TransferWise opens its API.
  • Fenergo introduces new Client Lifecycle Management: Front to Middle Office Transformation app on Salesforce AppExchange.
  • Mortgage Cadence adds to its Enterprise Lending Center loan origination platform courtesy of a partnership with MGIC.
  • Tinkoff Bank enables its iOS-using customers to buy concert and theatre tickets via its mobile app.
  • ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of Singapore.
  • Klarna forges partnership with weighted blanket developer, Gravity Blanket.
  • Temenos announces Technology Partner Agreement with distributed SQL database provider, NuoDB.
  • Aqubix, Behaviosec, CustomerXPS, ElectronicID, GreenKey, IdentityMind, Jumio, NICE, Onfido, Payfone, SecuredTouch, Sedicii, Trulioo, and Trunomi honored on RegTech 100 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.

Finovate Alumni News

On Finovate.com

  • Gusto’s New Deal to Deliver Automated Accounting to Small Businesses.
  • Quadient’s New Launch Accelerates the Insurance Claims Process.
  • AlphaPoint to Power Asset Management Tools for Laureate Digital Securities.

Around the web

  • Pendo Systems appoints Bill Woodley as President and COO.
  • eMoney Advisor launches voice assistant for financial advisors.
  • Ledger to integrate IOTA tokens with its secure hardware cryptocurrency wallets.
  • KPMG names Klarna, Revolut, and SoFi among 25 most innovative Fintech startups in the world.

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

On Finovate.com

  • Finn AI Closes $11 Million Series A.
  • Plaid Signs Open Banking Agreement with JPMorgan.
  • Moven Enterprise Goes Global.

Around the web

  • Klarna pairs up with Rancourt to let shoppers pay over time.
  • Credit Karma launches new personalized shopping experience.
  • Temenos ramps up AI efforts to power its digital banking platform.
  • Feedzai launches AI-powered Feedzai Genome to help users visualize and fight financial crime.
  • Jumio stays ahead of fraudsters with certified 3D liveness detection.
  • Clover announces additions to its Partner Portfolio with enhanced integrations with Nav, AP Intego Insurance Group, and Gusto.
  • Ayondo forms white label agreement with Phnom Penh Derivative Exchange to provide TradeHub for derivative brokers trading CFDs for PPDE’s clients in Cambodia.

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.

Klarna Rakes in $20 Million in Fall Funding Round

Online payments innovator Klarna landed a strategic partnership along with a new round of funding this week. The Sweden-based company has partnered with fashion retailer H&M, which has invested $20 million in Klarna, bringing its total funding to almost $682 million.

Klarna, which is already partnering with retailers such as Ikea and ASOS, will work together with H&M to offer omni-channel payments, provide an in-app post-purchase service, and power payments for H&M’s digital loyalty program, H&M Club. As a result, millions of H&M customers across 14 countries will benefit from a simplified and more personalized payment experience. The retailer will go live with the U.K. and Sweden markets in 2019.

In the press release, Sebastian Siemiatkowski, CEO and co-founder of Klarna said, “Customers will no longer be forgiving of unnecessary complexity or when their retail experience does not leverage the insight available to make their engagement smart, personal and easy. This partnership is rooted in a shared obsession about just how good that shopping experience should be. Together we have worked hard on developing a unique solution for instore and online that will delight customers, drive economic value, and build loyalty.”

According to TechCrunch, today’s round values Klarna “north of $2.5 billion.” The publication also seeded a rumor that Klarna has been considering going public to gain liquidity.

Founded in 2005, Klarna offers shoppers a range of options– pay at the point of sale, pay over time, or pay later. In addition to offering consumers more options, the payment variety helps businesses improve sales and Klarna’s online merchant portal helps them manage all of their payment and marketing tools from a single platform.

At FinovateSpring 2012, the company demonstrated its online payment-processing service. Klarna has formed a variety of merchant partnerships this year, and the company began 2018 with a partnership with ACI, in which the electronic payment solutions provider will enable online businesses to integrate Klarna’s payment products.

Finovate Alumni News

On Finovate.com

  • Klarna Rakes in $20 Million in Fall Funding Round

Around the web

  • Entrust Datacard named Employer of Excellence.
  • Ayondo expands B2B offering in Asia with a new white label deal.
  • Tradeshift appoints Silicon Valley veteran as its First CLO, CCO.
  • eToro cuts crypto costs to support mass adoption.
  • Roostify announces bidirectional integration with Ellie Mae’s Encompass digital mortgage solution.

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

Around the web

  • Revolut seeks banking license in Luxembourg to ensure post-Brexit access to European markets.
  • Crypterium earns listing on KuCoin cryptocurrency exchange. See Crypterium at FinovateFall in New York this week.
  • Klarna teams up with U.K. fashion brand In The Style.
  • Pushfor founder and CEO John Safa talks cybersecurity on KRLA LA radio.
  • Braintri awarded the Polish Innovation Award 2018 for its creation of Jiffee, a bluetooth-based mobile payment and loyalty technology, and Biffee, a core banking system offloading engine.
  • Kasasa named to 2018 IDC Financial Insights FinTech Rankings.

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.