Kony Solutions

Finovate Alumni News– May 9, 2014

By Julie Muhn (@julieschicktanz) Posted on
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.
  • 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– March 6, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Banno, Billeo, GMC Software Technology, iQuantifi, Jack Henry, Kensho, Kony Solutions, PayNearMe, Plutus Software, SecureKey

Finovate-F-Logo.jpg

  • iQuantifi launches financial advice platform to general public.
  • Billeo and Danal partner to create a mobile ID solution for Billeo’s XpressBuy checkout service to make it easier by autofilling forms with your relevant information.
  • GMC Software Technology and Kony partner to develop next-gen document tech solutions for businesses.
  • SecureKey Concierge Service tops one million-credential mark.
  • American Banker takes a look at Jack Henry & Associates and its acquisition of Banno.
  • FinovateEurope: Behind the Scenes with Arxan Technologies, Kensho, and Plutus Software.
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– February 27, 2014

By David Penn Posted on
Categories: Andera, Arroweye Solutions, CashStar, Kabbage, Kony Solutions, On Deck Capital, ProfitStars, Taulia, Tradeshift, TSYS, Wealthfront
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMountain America CU chooses ProfitStars‘ ImageCenter and Enterprise Payment Solutions.
  • TSYS renews payments agreement with Commerce Bank.
  • ProfitStars announces partnership with OnDeck to deploy LendingNetwork platform.
  • Wealthfront’s automated investment advisory service goes mobile with new app.
  • Arroweye’s 2013 performance reveals 25% growth & 60%+ increase in open loop card fulfillment compared to 2012.
  • SpendMatters covers Tradeshift’s and Taulia’s divergent yet converging cases and value propositions.
  • Tradeshift raises $75 million, plans to open office in Tokyo.
  • Andera upgrades software to enable mobile applicants take photos of their driver’s licenses during the application process to populate data fields automatically.
  • Kabbage now extending more than $1 million per day in funding to small businesses.
  • Kony and AirPlug partner to deliver enterprise-grade mobile solution to mobile network operators.
  • CashStar wins Digiday Retail Award for achievement in online retail marketing and advertising.
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 Raise $825 Million in 2013, Up 79%

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Apprenda, Azimo, Bill.com, BillFloat, Cardlytics, Check, Clover Network, CoverHound, Credit Karma, CurrencyFair, DeviceFidelity, Doxo, Dwolla, ERN, Fenergo, FinanceIt, Flint Mobile, FTRANS, Funding, Heckyl Technologies, Jemstep, Kofax, Kony Solutions, LearnVest, Lendio, LendUp, Meniga, Moven, Narrative Science, Numbrs, On Deck Capital, OpenCoin, P2BInvestor, Payfone, PayNearMe, peerTransfer, Personal Capital, Ping Identity, Prestadero, Prosper, Q2ebanking, Receivables Exchange, SafetyPay, SeedInvest, Socure, SoMoLend, Spreedly, SumUp, Swipely, Taulia, TradeHero, Tradeshift, TransferWise, True Office, Trustev, Tuition.io, Wealthfront, Wipit, Xero, Zooz

FinovateFundingIMG.jpg

Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
2013 funding summary:
    • 62 companies raised $825 million
    • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
    • October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
    • May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
2013YearEndTable.jpg
Quarter 1 — blog post
More than $155 million raised by 14 companies
January — $57 million raised by 6 companies
February — $56 million raised by 5 companies

March — $42 million raised by 4 companies


Quarter 2 — blog post
More than $205 million raised by 15 companies
June — $81.7 million raised by 6 companies
May — $91.5 million raised by 7 companies
April — $32 million raised by 2 companies

Quarter 3 — blog post
More than $171 million raised by 22 companies

July — More than $63 million raised by 8 companies
August — More than $26 million raised by 6 companies
September — $82 million raised by 9 companies
Quarter 4
More than $294 million raised by 17 companies

October— $177 raised by 6 companies
November — More than $87 million raised by 7 companies
December — More than $30 million raised by 6 companies

Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

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Finovate Alumni News– December 12, 2013

By David Penn Posted on
Categories: BrightScope, Heckyl Technologies, Kony Solutions, MasterCard, MiiCard, Mitek, Striata, Taulia
  • Thumbnail image for Finovate-F-Logo.jpgMasterCard collaborates with Samsung, Commonwealth Bank of Australia to enable contactless payments via NFC.
  • Heckyl Technologies announces more than $3.5 million raised in Series B funding.
  • NetBanker: Mobile payments specialist Loop raises $10 million in Series A round.
  • Striata announced as a finalist in the Best Use of Technology category at 2013 Debt Collection Awards.
  • miiCard to help power ID verification for myrentalcv’s tenant screening platform.
  • Updated Advisor Pages platform from BrightScope drops charge for online profile maintenance.
  • Mitek and Kony collaborate to Deliver Mobile Photo Bill Pay With Mitek MiSnap Automatic Image Capture.
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– October 28, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Kony Solutions, Locaid, Swipely, TipRanks, Tyfone, wipro
  • Finovate-F-Logo.jpgSwipely named one of America’s top job creators with 2013 ‘Hire Power’ Award from Inc. Magazine.
  • Wipro launches Mobility Center of Excellence with Kony in Hyderabad.
  • Tyfone trials smart card-based mobile banking security.
  • Locaid CEO Rip Gerber talks location verification services in new interview.
  • TipRanks launches Windows Phone mobile app.
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– October 7, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Acculynk, Affinity Solutions, Arroweye Solutions, Authentify, BellaDati, FIS, Kony Solutions, Place2Give, Prepaid Resources, Taulia
  • Finovate-F-Logo.jpgHydrantID selects Authentify’s Services to Strengthen Online SSL Certificate Delivery.
  • The Dexterity Ventures’ Place2Give team describes its time at FinovateFall 2013.
  • EBG Podcast interviews Taulia about dynamic discounting and common misunderstandings.
  • BellaDati launches version 2.7.5.3 with extended social networking capabilities, HANA platform connector, & 15 new stat functions.
  • Nous Infosystems signed with Kony’s partner program as a strategic reseller and implementation partner.
  • Affinity Solutions joins CardLinx Association as launch member.
  • Support for its PaySecure International solution growing in Indian e-commerce market, says Acculynk.
  • FIS launches first cloud-based, real-time, core banking utility for Central and Eastern European mid-tier banks.
  • Arroweye Solutions announces launch of EMV (Europay/MasterCard/Visa) On-Demand.
  • Prepaid Resources forms wholly-owned subsidiary, Trefoil Technology, LLC.
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– August 26, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Geezeo, Kony Solutions, PayPal
  • Finovate-F-Logo.jpgCommonWealth One Federal Credit Union to offer PFM powered by Geezeo.
  • Bank Innovation reports: Cardlytics Will Expand Location-Based Offers in 2014.
  • TSYS partners with Discover to process payments from PayPal.
  • Kony at #28, five other Finovate alums make Inc. 5000 for 2013.
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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Kony at #28, Five Other Finovate Alums Make Inc. 5000 for 2013

By David Penn Posted on
Categories: Authentify, Capital Access Network, CashStar, Kony Solutions, On Deck Capital, Prosper

Thumbnail image for Thumbnail image for inc5000Logo2.jpg

Congratulations to six Finovate alums named to the Inc. 5000 list of America’s fastest growing companies.

The list included two Finovate alumni in the top 500: Kony Solutions (#28), and CashStar (#108). Prosper just missed the top 500, ranking #548. Also on the list were OnDeck (#660), Authentify (#2,328), and Capital Access Network (#4,535).

*
Rank: #28
Description: Offers a codebase for developing mobile and multichannel applications

Thumbnail image for Kony.jpg

3-year revenue growth: 79x (eg. 7,900%)
2012 revenue: $51.1 million
2009 revenue: $648,000
Employees: 1100
3-year employee growth: 1003
Founded: 2007
Additional honors: #2 Top 100 Software Companies, #4 Top 100 Florida Companies
Rank: #103
Description: Hosts and maintains a transaction platform for retailer-branded gift card programs
3-year revenue growth: 35x

Thumbnail image for CashStar.jpg

2012 revenue: $9.7 million
2009 revenue: $276,000
Employees: 96
3-year employee growth: 73
Founded: 2008
Additional honors: #6 Top 100 Software Companies, #3 Top 100 Maine Companies
Rank: #548
Description: Peer-to-peer lending marketplace
3-year revenue growth: 9.3x

prosperlogo1.jpg

2012 revenue: $6.8 million
2009 revenue: $732,000
Employees: 84
3-year employee growth: 50
Founded: 2006
Additional honors: #36 Top 100 Financial Services Companies #97 Top 100 California Companies, #31 San Francisco Metro Area
Rank: #660
Description: Small business lender
3-year revenue growth: 8x

Thumbnail image for OnDeckLogo.jpg

2012 revenue: $36.7 million
2009 revenue: $4.6 million
Employees: 153
3-year employee growth: 117
Founded: 2007
Additional honors: #41 Top 100 Financial Services Companies, #40 Top 100 New York Companies, #5 New York City Metro Area
Rank: #2,328
Description: Delivers automated, multi-factor authentication services
3-year revenue growth: 2.6x

Thumbnail image for Authentify.jpg

2012 revenue: $14 million
2009 revenue: $5.5 million
Employees: 37
3-year employee growth: 13
Founded: 1999
Additional honors: #36 Top 100 Security Companies
Rank: #4,535
Description: Provides working capital and data services to small businesses
3-year revenue growth: 49%

Thumbnail image for CapitalAccessNetworkLogo.jpg

2012 revenue: $152 million
2009 revenue: $102 million
Employees: 425
3-year employee growth: 144
Founded: 1998

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Second Quarter 2013 Funding for Finovate Alumni — More than $200 Million Raised

By David Penn Posted on
Categories: Affinity Solutions, Cardlytics, Credit Karma, Dwolla, Kony Solutions, On Deck Capital, OpenCoin, peerTransfer, Personal Capital, Receivables Exchange, SeedInvest, SumUp, Swipely, TransferWise, Zooz

FinovateLOGO.jpg

For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

  • Q2 2013: 15 companies raised more than $200 million
  • Q1 2013: 15 companies raised more than $155 million — blog post
  • Q2 2012: 14 companies raised more than $120 million — blog post
Here’s the Q2 summary for 2013:

April — $32 million raised by two companies
May — $91.5 million raised by seven companies
June — $81.7 million raised by six companies

_____________________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

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Finovate Alumni News– June 27, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Billhighway, Handpoint, Kony Solutions, MasterCard, OpenCoin, peerTransfer, The Receivables Exchange
  • Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million.
  • Billhighway adds Cole County Residential Services as client.
  • MasterCard unveils Simply Commerce to help merchants accept electronic payments.
  • Newfination interviews Patrick Griffin, head of business development for OpenCoin.
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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Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million

By Julie Muhn (@julieschicktanz) Posted on
Categories: Kony Solutions, peerTransfer, Receivables Exchange

This week, three Finovate alums announced significant funding, totaling more than $34 million.

Kony.jpgKony: provides mobile app and multi-channel solutions

    • Amount: $18.3 million Series D
    • Investor: Telstra Ventures 
    • Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
    • Total Raised: $52.4 million
    • Founded: 2007
    • FinovateFall 2011 demo
KonyHomepage.jpg

Peertransferlogo.jpg

peerTransfer: provides solutions that lessen the cost of international student tuition payments 
peerTransferHomepage.jpg

ReceivablesExchangeLogo.jpg

The Receivables Exchange, an online marketplace for buying and selling accounts receivables
    • Amount: $10 million
    • Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
    • Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
    • Total Raised: $39.8 million
    • Founded: 2007
    • FinovateFall 2010 demo
ReceivablesExchangehompage.jpg

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