Klarna Archives - Page 14 of 17

Alumni News– October 20, 2014

By David Penn Posted on October 20, 2014
Categories: Capital Access Network, Coinbase, Compass Plus, ID Analytics, ID.me, InComm, Klarna, Lending Club, Nopsec, Nous.net, The Currency Cloud, Zighra

Nous raises $600k to help drive its SparkProfit stock market prediction platform.

Lending Club selects the NYSE for its IPO.

Currency Cloud releases Connect API 2.0.

ID.me announces acquisition of Perkla.

InComm partners with CardCash to integrate its online gift card exchange at InComm’s retail partners nationwide.

Compass Plus completes its TranzAxis integration with Klarna.

Invest Ottawa features Zighra.

ID Analytics names Scott Carter Chief Operating Officer.

Check out Finovate Debuts: NopSec.

CAN Capital closes its first capital markets asset-backed notes offering.

Coinbase now available in 6 additional languages.

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.

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Alumni News– September 19, 2014

By Julie Muhn (@julieschicktanz) Posted on September 19, 2014
Categories: Green Dot, Klarna, PayPal

Green Dot Agrees to Buy TPG for Tax Refund Processing.

PayPal Here now on Android tablets.

Klarna Announces U.S. Team As It Plans For 2015 Launch In The U.S.

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.

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Alumni News– August 18, 2014

By David Penn Posted on August 18, 2014
Categories: ACI Worldwide, Betterment, Cardlytics, Coinbase, Expensify, Klarna, Personal Capital, Ripple, Silanis Technology, SumUp, Xero

Silanis Technology releases e-signature solutions for Salesforce and Microsoft Dynamics CRM. See Silanis at FinovateFall 2014 in New York.

Michael Grillo of ACI Worldwide talks about the role of mobile devices in fighting payments fraud.

Klarna announces appointment of Jon Kamaluddin to its Board of Directors.

SumUp earns double-digit million dollar investment led by Life.SREDA

Xero’s Customer Experience team wins Bronze Stevie Award in 2014 International Business Award. Check out Xero’s presentation at FinDEVr in San Francisco this October.

TechCrunch: Coinbase acquires blockchain explorer, Blockr.io.

Silicon Angle: Why Cardlytics ditched sample data for its real-time analytics tactics.

Forbes features Personal Capital.

EE Times reviews the similarities and differences between Ripple and bitcoin.

Forbes column on “the other sharing economy” profiles Expensify.

Investors.com checks in with Betterment on strategies for meeting retirement financial challenges.

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.

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Alumni News– July 14, 2014

By Julie Muhn (@julieschicktanz) Posted on July 14, 2014
Categories: ACI Worldwide, BehavioSec, Klarna, Loop, MasterCard, Nutmeg

FinDEVr is Building Momentum – Will you be a part of it?

Webster Bank to deploy online banking platform from ACI Worldwide.

MasterCard’s e-commerce enabler MasterPass launches in Poland.

Nerdwallet takes a close look at LoopPay.

CNBC interviews Nutmeg CEO Nick Hungerford.

Wall Street Journal features Klarna and its plans for expansion.

WSJ features BehavioSec. Get a closer look at BehavioSec at the very first FinDEVr.

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.

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Finovate Alumni News– May 9, 2014

By Julie Muhn (@julieschicktanz) Posted on May 9, 2014
Categories: Bolstr, CUneXus, Fiserv, ID.me, Klarna, Kony Solutions, MasterCard, MoneyDesktop, Q2ebanking, Rippleshot, Stockr, Venovate

Q2ebanking releases first quarter results with 2014 Q1 revenue of $16.8 million, up 31% YOY.

Stockr voted Top 100 Website by PC Magazine.

Dell Services improves enterprise mobility offerings with Kony partnership.

Silicon Slopes: MoneyDesktop snags AtTask executive for EVP of Sales.

FinovateSpring: Behind the Scenes with CUneXus, ID.me, and Venovate.

Bolstr featured in Built in Chicago.

MasterCard launches “auWallet” prepaid card program for APMEA region in partnership with KDDI.

Nymeo Federal Credit Union to deploy account processing technology from Fiserv.

Klarna, Provenir launch project to combine fraud risk decisioning with compliance, risk management automation.

Entrepreneurial digital startup hub, 1871, features Rippleshot.

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.

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Finovate Alumni News– April 24, 2014

By Julie Muhn (@julieschicktanz) Posted on April 24, 2014
Categories: Actiance, Check, Check Point, Doxo, Kantox, Klarna, Linkable Networks, Simple, ThreatMetrix

Linkable Networks teams up with Ohana to deliver card-linked savings.

Actiance launches its Actiance Technology Partner Program.

Check Point Software Technologies launches new 41000 Security System, expanding its network security portfolio.

The Paypers interviews ThreatMetrix CEO, Reed Taussig.

Kantox announces formation of European Advisory Board.

Klarna Checkout launches in Germany.

doxo launches real-time business analytics and market data for service providers.

The Simple customer experience as experienced on a 3 week bike trip to FinovateSpring.

Billpay: After 20 years as a loss leader, Check/Pageonce shows path to profitability.

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.

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Finovate Alums Raise $600 Million in First Quarter of 2014

By David Penn Posted on April 2, 2014
Categories: Azimo, BankBazaar, Birdback, CAN Capital, Credit Karma, Doxo, Kantox, Kapitall, Kensho, Klarna, On Deck Capital, PayNearMe, Payoneer, peerTransfer, Realty Mogul, Red Zebra, SmartAsset, SocietyOne, Spreedly, ThreatMetrix, Tradeshift, ZenPayroll, Zopa

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.

Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million.

But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.

Total raised = More than $592 million

January — $91 million raised by seven companies

BankBazaar: $13 million — blog post
CAN Capital: $33 million — blog post
doxo: $3.5 million — blog post
Kensho: $10 million — blog post
peerTransfer: $6 million — blog post
Spreedly: $500,000 — blog post
Zopa: £15 million ($24.7 million) — blog post

February — $139 million raised by seven companies

Birdback: $2.4 million — blog post
Kantox: $8.9 million — blog post
Kapitall: $13 million — blog post
PayNearMe: $20 million — blog post
Red Zebra Analytics: undisclosed — blog post
Tradeshift: $75 million — blog post
ZenPayroll: $20 million — blog post

March — $362 million raised by nine companies

Azimo: $10 million — blog post
Credit Karma: $85 million — blog post
Klarna: $125.3 million — blog post
OnDeck: $77 million — blog post
Payoneer: $25 million — blog post
Realty Mogul: $9 million — blog post
Smart Asset: $5.2 million — blog post
SocietyOne: $5 million — blog post
ThreatMetrix: $20 million — blog post

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

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Finovate Alumni News– March 28, 2014

By David Penn Posted on March 28, 2014
Categories: BBVA, BehavioSec, eToro, Kantox, Klarna, Mambu, MasterCard, Nostrum Group

Mambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.

eToro launches new version of OpenBook.

Nostrum Group ranked 9th in GP Bullhound’s Northern Tech 50.

Global Payments to offer MasterCard’s MasterPass digital payments solution.

New partnership means V&D customers will be able to pay via Klarna.

Innotribe interviews Kantox’s CEO, Philippe Gelis.

The Financial News features BehavioSec.

BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.

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.

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Eleven Finovate Alums Win Awards at PYMNTS Innovation Project 2014

By David Penn Posted on March 24, 2014
Categories: Bill.com, Credit Karma, Klarna, Lending Club, Mitek, PayNearMe, PayPal, PaySimple, Prosper, Ripple, Venmo

The votes are in. The judges have decided. And 11 Finovate alums have earned awards at the 2014 PYMNTS.com Innovation Project, including three gold medals.

Finovate alums won awards in a diverse range of categories, from “B2B Innovation” to “Best Comeback Story.” Areas where alums dominated included “Best Credit Innovation,” where Credit Karma, Lending Club, and Klarna swept the field, as well as “Best Innovation via ACH” and “Best Check Innovation.”

The Innovation Project is “powered by PYMNTS.com,” a joint venture between BusinessWire and Market Platform Dynamics. The event is in its second year, and was again held at Harvard University in Cambridge, Massachusetts.

A total of 49 awards were presented. Gold, silver, and bronze in fifteen categories, plus singular Catalyst, Women Driving Innovation in Payments, Lifetime Achievement, and Best in Show awards.

Also announced were three inductees to the Payments Hall of Fame.

See how the rest of the Finovate family fared below.

Catalyst Award

PayPal

International e-commerce payments and money transfers
Finovate demo video: Europe 2012

Gold

Bill.com

Best B2B Innovation
Cash flow management solution for business integrating electronic payments, accounting, digital documents, and more
Finovate demo video: Spring 2012

Credit Karma

Best Credit Innovation
Aggregates consumer financial data from bank accounts and credit scores to mortgage loans in one location
Finovate demo video: Startup 2009

PaySimple eCheck

Best Check Innovation
Enables check payments without having to write paper checks
Finovate demo video: Spring 2012

Silver

Lending Club

Best Credit Innovation
Online, peer-to-peer lender
Finovate demo video: Startup 2009

Pay Near Me

Best Cash Innovation
Cash transaction network
Finovate demo video: Spring 2013

Ripple Labs

Best New Technology
Open-source, distributed payment protocol
Finovate demo video: Spring 2013

Venmo

Best Innovation via ACH
Best Check Innovation
Send money to a Venmo account, bank account or supported debit card for free
Finovate demo video (with Braintree): Spring 2013

Bronze

Klarna

Most Innovative Company
E-commerce solution mitigates credit and fraud risk for online merchants
Finovate demo video: Spring 2012

Ripple Labs

Most Disruptive Innovation

Prosper

Best Comeback Story
Peer-to-peer lending
Finovate demo video: Finovate 2007

Klarna

Best Credit Innovation

Mitek

Best Innovation via ACH
Solution leverages mobile device camera to enable check deposit, account opening, and bill pay.
Finovate demo video: Fall 2013

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Klarna Raises £90 Million to Finance Sofort Acquisition

By David Penn Posted on March 14, 2014
Categories: Klarna

With the company’s founders leading the way, Klarna has raised £90 million to finance the acquisition of Sofort.

Klarna scooped up Sofort in December 2013 in a deal reportedly worth $150 million. The additional capital marks the completion of the acquisition and the formation of the Klarna Group. Also participating in the fundraising were existing investors Atomico, General Atlantic, and Sequoia Capital.

CEO and co-founder of Klarna, Sebastian Siemiatkowski said, “(This) is a vote of confidence in Klarna’s long term vision to become the world’s favorite way to buy. Together with Sofort we are the leading European alternative payment provider.”

Klarna is one of Europe’s biggest players in the mobile payments market. The company’s approach separates “buying from paying” by allowing consumers to do the former with just an e-mail address and post code, and the latter by a variety of different methods, from invoice to credit card to bank transfer.

The results is a frictionless buying experience for the consumer, with lower abandonment rates and easier payment management for the merchant (“one contract, one contact, one payment file”).

A few Klarna Group metrics:

More than 1,000 employees
Active in 14 European markets
Serves 25 million consumers
Works with 45,000 online merchants
Has processed more than 140 million transactions

Founded in 2005 and headquartered in Stockholm, Sweden, Klarna was among 19 Finovate alums to be selected for the 2014 European FinTech 50 awards.

Klarna demoed its technology at FinovateSpring in 2012. See the company in action here.

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Finovate Alumni News– March 14, 2014

By Julie Muhn (@julieschicktanz) Posted on March 14, 2014
Categories: Arxan Technologies, Dynamics, Guide Financial, Klarna, Mambu, Mitek, On Deck Capital, Realty Mogul

Arxan Technologies wins in the Products and Services Excellence category of the Infosecurity Global Excellence Awards.

OnDeck’s CEO Noah Breslow appears on CNBC Squawk Box.

Mitek opens mobile imaging platform to developers.

Klarna raises £90 million to finance acquisition of Sofort.

Collision features Realty Mogul in its selection of “10 Top Startups with Powerful New Ideas.”

OnDeck tops $1 billion in small business loans.

CBS News features Dynamics‘ Hidden card, interviews CEO Jeff Mullen.

Yale microfinance program to deploy Mambu platform.

FPPad Bits and Bytes <a features Guide Financial in its latest video review.

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.

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