2016 CNBC Disruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing

2016 CNBC Disruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing

CNBC_Disruptor2016

What does it take to win a spot on the 2016 CNBC Disruptor 50? Ask alternative online broker Motif Investing. They’ve done it three times in a row.

“We’re very proud to be continuously recognized by CNBC for our hard work and commitment to making smart investing easy,” Motif founder and CEO Hardeep Walia said. “The CNBC Disruptor list is a well-respected industry benchmark and we’re honored to be ranked on the list for the past three years.”

Or ask cloud communications and authentication specialist Twilio, a FinDEVr alum (FinDEVr San Francisco 2015) enjoying its third consecutive year on CNBC’s Disruptors List of companies “whose innovations are revolutionizing the business landscape.”

Sponsored by Nasdaq, the CNBC Disruptor 50 for 2016 was released last week. And among some of the easy-to-call favorites like Uber and SpaceX and Snapchat, there are additional familiar faces, especially to fans of Finovate and financial technology. This year more than 750 companies competed for the 50 spots in CNBC’s Disruptor roster. Combined, the 50 companies in this year’s roster have raised more than $40 billion in venture capital and have an implied market valuation of $242 billion. Joining Motif Investing and Twilio in this year’s roster are alums Klarna at #8 and Kabbage at #35. This marks Klarna’s second year in a row on the list, and Kabbage’s first.

Klarna was featured earlier this month in PYMNTS.com in a look at the tech scene in Stockholm and, in May, the company’s CEO Sebastian Siemiatkowski was interviewed in BankNxt. In April, Klarna announced a partnership with U.K. e-commerce provider EKM. CNBC Disruptor 50 newcomer Kabbage just reached $2 billion in loans underwritten last month. Also in May, Kabbage announced a partnership with fellow Finovate alums OnDeck and CAN Capital to launch a pair of new initiatives: the Innovative Lending Platform Association and Smart Box. Both projects are geared toward improving transparency among online lenders and borrowers. In April, Kabbage teamed up with Santander to bring same-day financing to small businesses in the U.K.

Here’s a quick look at Finovate alums that have made the CNBC Disruptor 50 in years past.

  • 2015 CNBC Disruptor 50 featured alums TransferWise, Personal Capital, Motif Investing, Zen Payroll, Coinbase, Klarna, Wealthfront, Betterment, Twilio, Narrative Science
  • 2014 CNBC Disruptor 50 featured alums Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, Nexmo, Betterment, Twilio
  • 2013 CNBC Disruptor 50 featured alums Boku, Lending Club, Twilio, Wealthfront

Motif Investing demoed its Advisor Platform at FinovateSpring 2014. At FinDEVr San Francisco 2014, Twilio discussed the challenges of multifactor authentication in its presentation, “Authy 2FA in 20 Minutes.” Klarna demonstrated its e-commerce solution at FinovateSpring 2012. And Kabbage demoed its small business line of credit, the Kabbage Card, at FinovateSpring 2015.

Finovate Alumni News

On Finovate.com

  • “2016 CNBC Distruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing”
  • “Ping Goes the Blockchain: Partnership Brings Consensus, Kill Switch with New Platform”
  • “Ripple Receives BitLicense to Sell XRP”

Around the web

  • FICO launches its Academic Engagement Program, helping business students get hands-on experience with analytic software.
  • Mashable features Dashlane in its list of “7 can’t miss apps.”
  • Ping Identity partners with blockchain innovator, Swirlds.
  • Braintree announces new integrations with Demandware and Netsuite.
  • Top Image Systems earns spot in the Russell Microcap Index.
  • Bloomberg Businessweek profiles TransferWise, ‘London’s Lonely Unicorn.’
  • The economist looks at Strands and Entrepreneurial Finanace Lab’s roles for businesses in developing countries.
  • Unicredit launches Appathon powered by Open Bank Project.
  • Crowdtrader looks at C.K. Mack’s new take on crowd-sourced real estate investing.

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

  • “San Francisco Times Recognizes Credit Karma as Best Fintech Company”

Around the web

  • Markit partners with BitSight Technologies to enhance its Know Your Third Party (KY3P) platform.
  • Coinbase launches Buy widget to create a better Bitcoin buying experience.
  • Wipro open sources its big data solution, Big Data Ready Enterprise (BDRE).
  • itBit publishes its Bitcoin OTC Market Recap for March.
  • American Banker looks at the relationship between EyeVerify and Wells Fargo.
  • Money Q&A reviews Wall Street Survivor.
  • AltFi investigates how the loan-validation expertise of Global Debt Registry might help the P2p lending market.
  • Q2 subscribes to FI Navigator’s cloud-based mobile banking module.
  • Top Image Systems delivers $100,000 eFLOW project to subsidiary of a national postal service group in Asia-Pacific.
  • Barron’s features Student Loan Genius and PayActiv as employee benefits aimed at millennials.
  • Xero featured as one of first New & Notable Apps on Google Apps Marketplace.
  • SF Business Times features CEO Talbott Roche of Blackhawk.

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

  • “FinovateSpring 2016: Tales from the Tweet Side”

Around the web

  • i-exceed Technology celebrates its fifth anniversary.
  • Quantopian launches weekend hackathon.
  • Xpenditure board member Jonas Dhaenens awarded ICT Personality of the Year by Data News.
  • BankNxt interviews Sebastian Siemiatkowski on the origins of Klarna.
  • Persado announces new Chief Operating Officer, Greg Dale.
  • Entrepreneur profiles DriveWealth and TD Ameritrade in a look at finalists for the Benzinga Fintech Awards 2016.

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

  • “Money Transfer Company Azimo Pulls in $15 Million in Strategic Funds from Rakuten”
  • “From Billpay to Blockchain: The Themes of FinovateSpring”
  • “Finovate Debuts: myInvenio Turns Data Analysis into Process Intelligence”

On FinDEVr.com

  • “GreenKey Technologies Names Richard Garnier as Chief Revenue Officer”

Around the web

  • Klarna moves beyond ecommerce to service brick-and-mortar retail shops.
  • CSI GlobalVCard partners with Cambridge Global Payments for x-border payment solution.
  • Pershing selects Invesco-owned Jemstep, SigFig as roboadviser partners.
  • OurCrowd interviews BioCatch CEO Eyal Goldwerger. Check out OurCrowd at FinovateSpring next week.
  • OnDeck, Kabbage, and CAN Capital team up to form the “Innovative Lending Platform Association.”
  • Misys wins Best Portfolio Management Software Provider in HFM European Services Awards for 2016.
  • Thomson Reuters unveils new version of its ONESOURCE tax solution for companies doing business in Brazil.

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

  • “BlueVine Receives Boost from Citigroup”
  • “Infosys Launches EdgeVerve Blockchain Framework”

Around the web

  • “Cartera Commerce-powered Splender Doubles Membership Since End of 2015 and Drives $15 Million in Sales”
  • Linqto to pilot LEVERAGE App Store with nine credit unions.
  • Fiserv integrates commercial lending capabilities of AFSVision into its core account processing platform.
  • BBVA announces having 15.5 million digital clients, including more than 9 million mobile clients.
  • U.K. e-commerce provider EKM to team up with Klarna.
  • ACI Worldwide to run the card processing operations for The Co-operative Group.
  • Insuritas chosen by First Atlantic FCU to install insurance agency solution.
  • Employee Benefits News recognizes Blooom CPO Randy AufDerHeide as a Top 50 Benefit Technology Innovator.
  • Xero for Payroll goes live in Pennsylvania, making the technology available in a total of 22 states.

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.

Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards

Check Out Who Took Home Top Honors at Last Night’s European Fintech Awards
GroupPhoto(Photo credit: http://www.fintech.nl/)

Last night in Amsterdam the 2016 European Fintech Awards celebrated innovators shaping the future of finance. A total of nine awards were presented to companies selected by a panel of judges for the quality of their pitch.

Four of the winners are Finovate and FinDEVr alums, including BehavioSec, who won the overall award of Best European Fintech Company of 2016:

BehavioSec
Category: Risk, Intelligence, and Security
HQ: Stockholm, Sweden
Founded: 2009
FinovateFall 2015 demo
FinDEVr San Francisco 2015 presentation

Backbase
Category: Innovative Banking Software
HQ: The Netherlands
Founded: 2003
FinovateEurope 2016 demo

Kreditech
Category: Financial Inclusion
HQ: Hamburg, Germany
Founded: 2012
FinovateSpring 2014 demo

Xpenditure
Category: Best of Show, selected for the best pitch
HQ: Mechelen, Belgium
Founded: 2011
FinovateEurope 2016 demo

A total of 29 Finovate and FinDEVr alums were recognized in the European Fintech Top 100 list. Companies awarded on this list were selected by a combination of online public votes (weighted 25%) and a panel of judges (weighted 75%).

  • AdviceGames
  • Kantox
  • Aire.io
  • Klarna
  • AMP Credit Technologies
  • Kontomatik
  • Azimo
  • Kreditech
  • Backbase
  • Mambu
  • BehavioSec
  • mBank
  • Cloud Lending Solutions
  • Meniga
  • ebankIT
  • Nutmeg
  • eToro
  • Qumram
  • ETRONIKA
  • Scalable Capital
  • eWise
  • SmartEngine
  • Fenergo
  • TransferWise
  • Holvi
  • Trustly
  • IdeaBank
  • Zopa
  • InvoiceSharing

The European Fintech Awards are organized by Amsterdam-based publishing company Alex van Groningen BV. The company offers a great explanation of the awards: “The purpose of the FinTech awards is not to scientifically prove who are the best FinTech companies. The judging is primarily based on the judges’ individual ideas and views on the nominating companies using their expertise, knowledge and ideas.”

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame

Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame

Fintech50_homepage_April2016

FinTechCity unveiled its new FinTech50 Hall of Fame this week at the Money 20/20 event in Copenhagen, Denmark. Finovate alums took six out of the ten spots.

The “founding ten members” of TheFinTech50 Hall of Fame are companies that “have featured on our radar since the days when they could reasonably be called startups,” say FinTech50 founders Julie Lake and Nicky Cotter, writing in The FinTech50 2016 Yearbook. “In recognition of their pioneering spirit and competitive staying power, we felt they deserved their own special place within a list of remarkable game-changers,” the founders wrote.

FinTechCity also presented The FinTech50 2016, its roster of the fifty hottest FinTech businesses in Europe. Of the 50 companies selected by the panel of more than 30 industry experts who poured over more than 1,200 candidates, a full baker’s dozen were Finovate—or FinDEVr—alums.

Read the full list.

Lake and Cotter called this year’s competition “the most hotly contested FinTech50 in its four-year history.” The founders also highlighted differences from the 2015 list, with this year’s roster featuring more companies innovating in “security, compliance, and risk.”

Also noteworthy was the number of European fintech companies from the United Kingdom (more than 30 out of the 50). The founders credited this to the U.K.’s broader access to funding, as well as the region’s local talent, and “favorable regulatory environment.” Lake and Cotter also praised other emerging European fintech communities in Amsterdam, Berlin, and Stockholm.

In addition to The FinTech50 2016 and its new Hall of Fame, FinTechCity also announced its FinTech20 India and FinTech20 Hong Kong. Finovate alums were represented here with Demystdata (FinovateAsia 2012) earning a spot in the Hong Kong 20, and Bank Bazaar (FinovateAsia 2012) getting recognition in the India 20. Lastly, The FinTech50 shared “The Hot Ten,” a roster of companies on their watch list for 2016. Here, Finovate alum, Ormsby Street (FinovateFall 2015), was recognized on that list.

Finovate Alumni News

On Finovate.com

  • “Scalable Capital Scores $7.9 Million”
  • Check out this week’s FinDEVr APIntelligence.
  • “Finovate Alums Dominate The FinTech50’s Inaugural Hall of Fame”

Around the web

  • New strategic partnership connects Klarna’s checkout solution with Modo’s digital payments hub.
  • NICE Actimize unveils its Actimize AML Essentials, AML cloud solution.
  • Ixaris spins off its payment technology division, Ixaris Technologies.
  • European payment providers partnered with TSYS to get access to alerts service.
  • Misys teams up with Dorsum to enable FusionBanking Essence customers to trade directly from their accounts.
  • Payroll in Xero now available in Georgia, reaching 21 states.
  • Richard Steggall, co-founder and CEO of Urban FT, chats with PYMNTS.

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

  • “Welcome to Day One of FinDEVr New York”

Around the web

  • Irish Tech News interviews Bryan Clagett, Geezeo CMO.
  • The Columbus Dispatch profiles Klarna and its efforts to make online commerce easier.
  • New York Times column on companies helping employees retire student debt features Tuition.io.
  • BankNXT Fintech Podcast chats with Aire founder, Aneesh Varma.
  • GMC Software introduces its Inspire Mobile Advantage solution that helps create a responsive, interactive and regulatory-compliant mobile experience.
  • Vera launches new IRM-as-a-Service platform to allow developers to use Vera’s SDK.

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

  • “Uber, Green Dot Partner to Help Drivers Get Paid Promptly”

On FinDEVr.com

  • “Symbiont and Ipreo Team Up to Accelerate the Loan Settlement Process”

Around the web

  • Western Independent Bankers (WIB) picks Bizfi as its exclusive premier alternative finance solution provider.
  • Coinbase adds stop orders to its Coinbase Exchange platform.
  • Markit unveils new tax utility service.
  • Eris Industries chooses Ledger as its blockchain hardware security partner.
  • Medium.com features Klarna and Qapital in a look at building a startup “the Swedish way.”
  • SuiteBox listed among fintechs that are developing tools to help superannuation funds.
  • Envestnet wins the 2016 Technology Innovation Award from the Bank Insurance and Securities Association (BISA).
  • Pakistan’s Soneri Bank selects T24 core banking system from Temenos.

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

  • Dream Payments Unveils Mobile Merchant Platform for Banks and Acquirers.
  • Blackhawk Network Names Talbott Roche New CEO.
  • Coinbase and Motif Investing Earn Spots on Fast Company’s Most Innovative Companies of 2016 List.

Around the web

  • Fiserv named to Fortune magazine’s list of the World’s Most Admired Companies in 2016.
  • Pindrop launches its comprehensive call center fraud-prevention platform, IVR Anti-Fraud.
  • Sussex County FCU picks Insuritas to deploy new insurance agency solution.
  • iSignthispaydentity KYC service is suitable for use by businesses in the regulated sector of the Isle of Man, a global financial hub.
  • Inc. profiles Sweden’s Klarna and its plans for U.S. expansion.
  • Co-founded by former Check CMO Daniel Kjellen, MovoCash announces $700,000 seed investment.
  • Ingo Money partners with PayPal, adds instant check-splitting.
  • Roostify to integrate with zipLogix to facilitate communication between lenders and realtors.
  • American Banker features SecondMarket.
  • Bluefin Payment Systems and Worldnet partner for PCI-validated P2PE on Worldnet’s payment platform.
  • Cachet appoints new Chief Financial Officer Bryan Meier.

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.