Spring Forward: FinovateSpring 2016 Alums Top $200 Million in Funding

FinovateSpring2016_scene

With FinovateSpring 2017 coming next month, we thought we’d take a look back at how the alums from our last spring conference a year ago have fared on the fundraising front.

And after a quick review, it seems that investors continue to be interested in the innovations of Finovate alumni. In fact, even without the $1.8 billion Golden Gate Capital spent on its acquisition of Neustar late last year ($2.9 million with debt included), the alums from FinovateSpring 2016 have had an impressive year of fundraising. While the specific funding amounts for a number of alums were not officially disclosed, our review shows more than $200 million raised by 20 FinovateSpring 2016 alums over the past year alone.

Among the bigger deals of the past year, the $72 million raised by OurCrowd stands out. OurCrowd, a crowd investing platform for venture capital, was founded in 2013 and is headquartered in Jerusalem, Israel. With a growing network of more than 17,000 investors, OurCrowd has raised $400 million on its platform, providing funding for 110 companies. Also noteworthy was the $29 million raised by FinDEVr/Finovate alum NYMBUS in two separate fundings in August and February. NYMBUS is an innovator in developing advanced, cloud-based core banking systems. Known as a “bank in a box” NYMBUS technology gives smaller banks and credit unions the ability to compete with larger FIs when it comes to providing customers with the latest digital banking services.

So to help get you ready for FinovateSpring 2017, here’s a list of the investments scored by alums from last year’s conference. And remember you can see live demos from all 20 of our fundraising FinovateSpring 2016 alums in our Video Archives.

February 2017

  • FinDEVr New York Alum NYMBUS Announces $16 Million in New Funding
  • Qumram’s Regtech Offering Lands $1.49 Million
  • Empyr Raises $3 Million in Funding

January 2017

  • ForwardLane Raises $1.1 Million in New Funding
  • Earnix Receives $13.5 Million in Growth Capital from New and Existing Investors

December 2016

  • Cyberfend Acquired by Akamai Technologies for Undisclosed Amount

November 2016

  • Sezzle Raises Seed Funding Ahead of Shopify Debut ($1.85 million)
  • Neustar Acquired by Golden Gate Capital for $1.8 Billion (including debt $2.9B)

October 2016

  • ThreatMetrix Picks Up $30 Million in Growth Capital from Silicon Valley Bank (debt financing)

September 2016

  • OurCrowd Pulls In $72 Million
  • WealthForge to Raise $2.5 Million in New Convertible Note Offering
  • OneVisage Earns Seed Funding in Round Led by Polytech Ecosystem Ventures (amount undisclosed)

August 2016

  • CUneXus Closes $5 Million Series A
  • Automobile Title Lending Platform Finova Financial Raises $52.5 Million
  • NYMBUS Raises $12 Million in Round Led by Vensure Enterprises

July 2016

  • Linqto Announces New Venture Funding from Keiretsu Capital (amount undisclosed)

June 2016

  • NICE Funding! CallVU Raises $3 Million
  • Civic Announces New Debt Financing from Blockchain Capital (amount undisclosed)
  • savedroid AG Completes €1 ($1.1 USD) Million Seed Round; Announces Beta Launch
  • Cyberfend Earns Undisclosed Non-Equity Assistance from MasterCard Start Path Global Program.
  • BanQu Secures $100,000 in Financing (convertible note)

Are you a FinovateSpring 2016 alums whose funding we missed? Send us an email research@finovate.com and we’ll be happy to make the update.

Finovate Alumni News

On Finovate.com

  • Women on the Finovate Stage.

On FinDEVr.com

  • Check out this week’s FinDEVr APIntelligence.

Around the web

  • mBank partners with Cloudera to handle its big data processing.
  • Careington Health Products leverages SmartCART platform from Insuritas to deploy advisor services and discount programs.
  • BBVA Compass adds cash-back incentive to stimulate interest in mobile banking app.
  • Fiserv launches Credit Sense, combining credit monitoring with digital banking.
  • Kontomatik nominated at the Dutch FinTech Awards 2017.
  • PayPal partners with Oro ecommerce platform.
  • Arxan Application Protection named Best IoT product at the 2017 Cybersecurity Excellence Awards.
  • Zopa wins Top Consumer Lending Platform at LendIt awards.
  • Pindrop to mitigate call center fraud for Credit union service organization PSCU.
  • Motif jumps on the robo advisor bandwagon.
  • Tradeshift to acquire Capgemini’s IBX Business Network.
  • Linqto and Western Independent Bankers Launch New Apps Store for Banks.

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.

FinovateSpring Sneak Peek: Linqto

LinqtoHomepage2016

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Linqto is the link between fintech developers and financial institutions. The App Store for Banks automates the process of mobile app branding and delivery. Choose your fintech from an online store.

Features:

  • Connect with and attract millennials
  • No long term contracts
  • Monetize without charging the consumer

Why it’s great
The App Store creates a revolutionary new marketplace where banks and credit unions can brand new software and use it with their customers. Automatically. In an online store. In minutes, not months.LinqtoPresenter1

Presenters

Bill Sarris, CEO of Linqto
Sarris is a recognized expert in the field of collaborative technology and has delivered major enterprise software applications for Microsoft, Intuit, Digital Insight, NCR, Stanford and other clients.
LinkedInLinqtoPresenter2

Kim Fraser, SVP Business Development at Wallaby
Fraser has extensive experience in business development, partnership and GTM strategic experience, driving recurring revenue growth, consumer acquisition and end-user engagement.
LinkedIn

LinqtoPresenter3Matt Kirchharr, Innovation Development Coordinator at LEVERAGE
Kirchharr is experienced in innovation development, vendor due-diligence of prospective partners, implementation planning, and is a subject-matter expert for all new product lines.
LinkedIn

Finovate Alumni News

On Finovate.com

  • “TIO Networks Closes Purchase of Softgate Systems”
  • “Narrative Science Turns Business Intel into Data-Driven Stories”

Around the web

  • Top Image Systems inks a pair of banking process automation deals worth $700,000.
  • iSignthis brings its KYC technology to Chinese e-payment leader, YeePay.
  • WorkFusion and VirtusaPolaris team up to provide smart automation solutions for companies in banking and financial services.
  • Misys launches FinCloud, a new range of cloud solutions and global cloud environment.
  • Capgemini consulting services adds risk- and fraud-management technology from FICO.
  • Ignite Sales powering Regions Bank’s guided selling tool.
  • Ping Identity releases new Knowledge Center, a customer support and documentation portal

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.

 

FinDEVr Live: Linqto’s Otto API Helps Submit Apps to the App Store

LinqtoHomepage
linqto.com | blog.linqto.com | @linqtoinc

LinqtoLogoLinqto is a Silicon Valley software development company specializing in enterprise solutions for digital banking. Named a Top Ten Tech Company to Watch in 2015 by American Banker and winner of this year’s Most Innovative Monarch Award for Business Banking, Linqto is a leader in new tech innovation for banking. Linqto’s omnichannel One Tap Banking suite is one of the company’s latest offerings, delivering the face-to-face connectivity and relationship-building benefits remote customers are missing.

Otto API
Are your banking customers handicapped by an obsolete delivery process with a one-year presentation cycle and three- to five-year contracts with their vendor? Linqto is the only company that provides the delivery of digital banking software as a service. Imagine the flexibility and agility advantage if a community bank could go online, choose its software features and submit. This is Linqto’s Otto API. We will demonstrate how to use this API to submit your mobile apps to the Apple Store and Google Play Store. From development, to build, to deploy, to submit—in one easy process flow.”

Key takeaways:

  • How to automate the application-submission process to web, iOS and Android
  • How to incorporate video communication into your digital banking solutions
  • How to automate and individualize branding for every app submission

linqto_findevr

Presenters:

Bill Sarris, CEO
LinkedIn | @BillSarris | bill@linqto.com | 831-521-3605
Sarris is a recognized expert in streaming technology and has developed banking solutions for 20+ years. Bill’s clients have included Microsoft, Intuit, Digital Insight, NCR, Google and Stanford. Award-winning software includes Personal Banker and Community Banker.

Erik Thomas, Chief Software Architect
LinkedIn | erik@linqto.com | 303-304-1466
As Linqto’s Chief Software Architect, Thomas has developed enterprise financial solutions for Intuit, Digital Insight and NCR. Erik has designed and built online payment solutions, ACH and wire-transfer online applications and cross-sell applications used by thousands of financial institutions.

FinDEVr Preview: Linqto

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies that will present their latest developer tools, platforms, and integrations at FinDEVr 2015 San Francisco on 6/7 October. Pick up your ticket before Friday, 11 September, and save $100 on an early bird ticket!

Linqto enables customer video, audio and text communication in digital banking applications with a hosted video communication service. Learn how to leverage the Linqto Application Programming Components (APC) to build a video communication piece into your web and mobile solutions.

LinqtoHomepage

Why it’s a must-see

56% of millennials are interested in having a video chat with a bank representative by accessing a link on their bank’s website, mobile or tablet application, according to the Accenture 2014 Consumer Digital Banking Survey.

Build one-to-one and many-to-many video communication into your banking apps with Linqto APCs.


Check out more of today’s FinDEVr previews:

Finovate Alumni News

On Finovate.com

  • Prosper Pulls in $165 Million in Funding, Boosting Valuation to $1.9 Billion

Around the web

  • Digital Insight releases Android smartwatch functionality with Wright-Patt Credit Union.
  • Australian Banking Finance features Avoka CEO Derek Corcoran.
  • Louisville business blog features Onovative. Catch them at FinovateSpring 12/13 May 2015.
  • MX releases first look at its AppleWatch.
  • Linqto’s Personal Banker receives Overall Most Innovative Award in Barlow Research Associates’ 2015 Monarch Awards for in business banking.

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– December 2, 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 Thumbnail image for Finovate-F-Logo.jpgCompass Plus TranzAxis now supports Futurex hardware security modules.
  • Coinbase introduces USD Wallets, enabling users to store U.S. dollar balances.
  • TradeKing unveils new features for its new LIVE platform.
  • Forbes column on disruption in traditional money exchange features Azimo, TransferWise, and CurrencyFair.
  • CrowdFlower announces support for eight new languages and enhanced support for another four.
  • CEO and co-founder of Trustev Pat Phelan wins MSL Cork Business Person of the Year award.
  • Linqto, Crowd Curity, Xignite, and CUneXus win Future of Money & Technology Summit Startup Showcase.
  • TickSmith adds Amazon Web Services version of its financial big data platforms.
  • The New Daily features SocietyOne as a premium P2P lending option.
  • The Chicago Tribune considers Lending Club’s impending IPO.
  • Google Cloud Platform now PCI compliant, enabling developers to hold, process, and exchange credit card information.
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– November 13, 2014

  • Finovate-F-Logo.jpgKili acquires NFC microSD pioneer DeviceFidelity.
  • American Banker lists Currency Cloud, BioCatch, Linqto, VerifyValid, and Rippleshot as top 10 tech companies to watch.
  • Fintech in the fall: themes and company updates from CAN Capital, Encap Security, Fuze Network, Guardian Analytics, Larky, Ripple, and Xpenditure.
  • American Banker examines 2015 plans for FIS, Fiserv and Diebold.
  • Forbes looks at the success of RoboAdvisors: Betterment, Wealthfront, Personal Capital, and SigFig.
  • Forbes examines Kantox’s P2P FX trading technology.
  • TSYS partners with FICO to deliver a marketing product for card issuers called TSYS Targeted Messaging.
  • Digital Insight enters reseller agreement with Guardian Analytics to deliver anomaly detection services to financial institutions.
  • Trulioo wins 2014 Canadian Technology Companies to watch award from Deloitte.
  • Huffington Post interviews Andrea Gellert, SVP Marketing at OnDeck.
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.