Finovate Alumni News

  • Business Standard looks at the partnership between TradeHero and OANDA.
  • P2Binvestor reaches $50 million invoices-funded milestone.
  • Ripple Labs adds former State Department policy official, Anja Manuel, as advisor.
  • peerTransfer picks Digital River to provide payment processing.
  • Trustev Wins Most Disruptive Technology Award at SXSW.
  • WattzOn to participate in Georgetown University Energy Prize competition to help communities reduce energy consumption.
  • Toopher raises $200,000 of planned $300k financing round.
  • Fifth Third Bank launches online money movement solution from CashEdge.
  • Finovate Debuts: How Bitbond Leverages Bitcoin to Benefit Borrowers and Lenders.
  • Madrid-based Banco Mare Nostrum implements MicroStrategy as its analytics standard to drive analysis and insight for its employees.
  • American Banker features David Pinski’s move from a bank to a startup, Zumigo.
  • Payment Week interviews Cardlytics on how big data is changing consumer engagement.
  • American Banker: Ripple Labs hires Anja Manuel, a former U.S. State Department official, as company adviser.
  • Ovum names Kony a leader, recognizes it for its comprehensive cloud-based mobile solution.
  • ThreatMetrix enhances TrustDefender Mobile to help businesses meet new payment card industry data security standards.
  • Spring and All: FinovateSpring 2015 Presenters Revealed!

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.

Alumni News– February 4, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIntelligentHQ features TransferWise and CurrencyFair in its look at the “currency transfer revolution.”
  • ayondo hires Peg Reed as Senior Vice President of Business Development.
  • School of Bookkeeping reviews Kashoo Simple Cloud Accounting.
  • Fintech Monthly focuses on recent fintech fundraising including recent investment in TransferWise.
  • ProfitStars adds billpay, invoice management, and mobile banking functionality to its ICBA Preferred Service Provider program.
  • Temenos teams up with Polytech Ventures to launch the first Swiss fintech incubator.
  • Expensify adds 4,000 new customers in 2014, including  the BBB, ZenDesk, and Yahoo!  
  • Forbes features Currency Cloud’s cross border payment API.
  • Kony’s partners now offering apps on its business mobile app marketplace.
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.

Alumni News– January 15, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv launches its mobile card management app, CardValet.
  • Monitise teams up with the MoneyPass Network to offer Mobile Money services and card control functionality.
  • Misys adds DTCC connectivity to its Regulatory Reporting Service.
  • Partnership between MasterCard and Movistar brings mobile money service to Peru.
  • Benzinga columnist profiles Market Prophit in his look at Apple, Facebook, and JP Morgan.
  • Yodlee now powering 80 financial solutions for smbs.
  • PlanetBiometrics profiles Neil Costigan, BehavioSec CEO.
  • D3 Banking reveals 2015 plans to release digital offering for bank’s SMB customers & launch SaaS-based offering.
  • Kony receives the highest scores in 3 out of 4 use cases in New Gartner Report: Critical Capabilities for Mobile Application Development Platforms.
  • TIO Networks partners with City of Baltimore to launch mobile phone bill payments for residents.
  • James Dotter, Utah Business’ 2013 CFO of the Year, joins MX as CFO.
  • FreeAgent offers £5k tax bill prize to ease Self Assessment woes.
  • Algomi reports strong growth, plans to triple U.S. staff.
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.

Alumni News– October 15, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPYMNTS: Karen Webster interviews Spreedly CEO Justin Benson.
  • Finovate alums dominate alternative lending section of Bplans’ “35 Great Ways to Fund a Small Business.”
  • Check out our latest CEO Interview: Mike Iacobucci of Interactions.
  • Betterment launches Betterment Institutional to bring its technology to registered investment advisors.
  • G2 Crowd Gridscape at Dreamforce ’14 shows eSignLive by Silanis earning highest customer satisfaction rating.
  • Kony receives Global Information Security Certifications for Enterprise Mobility Solutions.
  • Iceland’s Snorrason acquires Handpoint merchant portfolio.
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.

Alumni News– September 12, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgmiiCard launches DirectID to enable verification for high value transactions online.
  • FinovateFall 2014: Meet the People in Your Fintech Neighborhood.
  • First Trade Union Bank (+$700M in assets) deploys Q2platform from Q2.
  • TSYS and iMobile3 partner to Provide Apple Pay Integration.
  • Payfone announces release of new Mobile Identity as an Experience Platform.
  • Kony wins first place at 2014 CTIA MobITs Awards.
  • Tink raises $4 million in Series A round.
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.

Alumni News– September 8, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPYMNTS.com profiles Tradeshift Co-Founder and CEO Christian Lanng.
  • ZenPayroll opens up its API to small business technology providers.
  • Silicon Republic takes a look at Trustev’s “multimillion-dollar security deal” with Radio Shack.
  • Tibco announces Engage software as a service to motivate consumers with real-time and predictive personalization.
  • Kony named “Leader” by Gartner in Magic Quadrant for Mobile Application Development Platforms.
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.

Alumni News– August 20, 2014

  • Finovate-F-Logo.jpgCUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.
  • With Simple’s 2.0 mobile app update, users can send paper check payments via mobile.
  • ID Analytics names Daniel Rawlings as Chief Revenue Officer.
  • Essent Guaranty offering lenders access to rate quotes through an interface with D+H’s MortgagebotLOS.
  • ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.
  • EyeVerify and Zumigo selected for Wells Fargo’s accelerator.
  • Expensify integrates with Uber’s API to launch SmartRides feature.
  • PayNearMe and SIMI partner to offer cash collection services to US government agencies.
  • Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.
  • PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.
  • Cartera Commerce unveils new website.
  • Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.
  • National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.
  • Forex Brokerz talks about the beta release of Darwinex’s social trading platform.
  • peerTransfer tops $1 billion in international education payments, announces 500th client.
  • Bloomberg.com features Venmo, Fiserv’s Popmoney, and Dwolla in column on Millennials and mobile payments.
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 Alums Raise More than $600 Million for Second Quarter in a Row

Thumbnail image for FinovateFundingIMG.jpg

In the first quarter of 2014, 23 Finovate alums raised more than $592 million

And as the second quarter draws to a close, it’s clear that a comparable cohort of alums have kept the pace.

Over the course April, May, and June, 28 alums raised significant amounts of capital ranging from Gremln’s $100,000 to the $65 million raised by Lending Club. The quarterly total of $594 million is almost exactly the same as the previous quarter.

And given that some amounts are undisclosed (I’m talking about you, Holvi, RevolutionCredit, and Tuition.io), we’re confident that Finovate alums have notched their second $600 million fund-raising quarter in a row.
How does this compare with the less recent past? Very well, indeed. 
In the second quarter of 2013, 15 alums raised more than $200 million. This was a major improvement on the second quarter from 2012, which featured 14 companies raising more than $120 million. 
Total raised for Q2 2014 = $594 million
April — $217 million raised by 11 companies
May —  $226 million raised by 11 companies
June — $151 million raised by six companies

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

Alumni News– June 18, 2014

  • Finovate-F-Logo.jpgThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.
  • Kony brings in $50 Million in Financing Led by SoftBank Capital.
  • Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.
  • Umpqua Bank announces plans to transition to a scalable core solution from FIS.
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.

Kony Brings in $50 Million in Financing Led by SoftBank Capital

Kony.jpg

With expansion into the mobile channel no longer an option but a necessity, it’s no wonder that enterprise mobility company, Kony Solutions, received additional backing today.

The Florida-based company pulled in $50 million from SoftBank Capital, who led the round, followed by Delta-V and Hamilton Lane, along with existing investors:

    • Insight Venture Partners
    • Telstra Ventures
    • Georgian Partners

This newest installment brings Kony’s total funding to $98.4 million.

Kony helps a variety of verticals deliver mobile apps by helping with everything from design, to deployment, to management of the app. It specializes in creating unified multi-channel solutions that run across multiple platforms. It plans to use the funding to expand its global reach and expand services for existing clients.

Kony demonstrated at FinovateSpring 2011 where it debuted mobile banking technology. You can check out the demo video here.

Alumni News– June 9, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFive Weeks to SixThirty: Accelerator Program Sets July 11th Deadline.
  • VerifyValid announced partnership with Lake Michigan Credit Union.
  • ACI Worldwide’s Point to Point Encryption solution adopted by Ecentric Payment Systems in South Africa.
  • Chicago Tribune’s Blue Sky Innovation column takes a look at fraud detection innovator, Rippleshot.
  • NYmag features fintech from FinovateSpring 2014.
  • E27 looks at PlayMoolah’s Indiegogo campaign.
  • Cortera to bring its business credit risk management to Equipment Street’s marketplace.
  • Weight Watchers selects Kony to power mobile point of sale capabilities.
  • CoinDesk interviews Fidor Bank COO Michael Maier on the Munich-based bank’s decision to use Ripple Labs to move money.
  • Financial Guard, FutureAdvisor, Betterment, Jemstep, SigFig, and Wealthfront make Kiplinger’s Best Online Advisory 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– May 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGeezeo announces HTML5-inspired redesign of mobile PFM app.
  • Dashlane raises $22 million; announces 2 million users, $1 billion in transactions enabled.
  • Raymond James Bank N.A. chooses Fiserv for extensive enterprise banking.
  • MasterCard to acquire Indian payments processor, ElectraCard Services, for undisclosed amount.
  • Kony releases new Mobile Backend-as-a-Service
    (MBaaS)
    to reduce the cost and complexity of building enterprise mobile 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.