Meniga Launches Card-Linked Offers Solution

MenigaLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Meniga debuted Market Match, a new card-linked offers platform.

Meniga’s transaction-data analytics and enrichment engine enables it to deliver uniquely targeted and relevant offers to the consumers on its platform. Meniga puts offers, insights, and notifications into the context of consumer financial management, integrated as part of new-generation PFM. A fun, engaging Facebook-like feed that transforms how people interact with their finances, and how banks interact with their customers.

Meniga’s Market Match is a data-driven card-linked offers (CLO) platform that allows financial institutions to provide merchant-funded offers to their online customers using the power of PFM. Meniga’s PFM Solution has received multiple awards for innovation, such as “Best of Show” at FinovateEurope in 2011 and 2013, and boasts market-leading adoption and retention metrics.

Presenters: CEO and Co-founder Georg Ludviksson; VP Product Management Einar Gustafsson

Product launch: February 2015

Metrics: $8.5 million raised; 100+ employees; more than 20 million online banking users
Product distribution strategy: Direct to Business (B2B), through financial institutions

HQ: Reykjavík, Iceland
Founded: March 2009

Twitter: @meniga

Alumni News– December 19, 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.jpgMoney Facts looks at how TransferWise helps consumers save on money transfer fees.
  • Huffington Post features Matthew Goldman of Wallaby Financial in a conversation on credit card strategies for travelers.
  • interviews LoopPay Chief Technologist George Wallner.
  • A comparison between Stockholm and Silicon Valley in The Independent highlights Klarna.
  • Virtual Agent Chat checks in on post-acquisition IntelliResponse.
  • Cardflight’s SwipeSimple joins MasterCard mPOS providers.
  • reports: How Xero went from a scribbled figure on a serviette to a $2 billion company.
  • Crealogix and Meniga create Digital Bank and PFM Solution for BNP’s Consors Bank.
  • peerTransfer named 2014 Winner of BostInno’s 50 on Fire Award.
  • Forbes lists Holvi as 1 of 5 Finnish startups to watch.
  • Programmable Web considers how Open Bank Project’s API brings more openness to banking internationally.
  • Ayondo launches ad campaign on 2 major German TV networks.
  • Business Insider features Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, TradeKing, and Wealthfront in a look at the growth of robo-advisors.
  • BrightScope releases its Top 30 401(k) Plans List.
  • Management Today profiles David Harrison, managing partner at True Potential.
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.

Crealogix and Meniga Create Digital Bank and PFM Solution for BNP’s Consors Bank


Cortal Consors demonstrated at FinovateEurope 2011, when it was an online brokerage and investment company under BNP Paribas. It has since become Consors Bank, a German-based subsidiary bank of BNP Paribas.

Launching a bank comes with a long to-do list– one thatMenigaLogo.jpgincludes providing financial planning tools for your customers– so Consors Bank has partnered with Meniga and Crealogix. Respectively, these fintech providers power spending and saving management tools, as well as a digital banking portal.

The combined solutions offer Consors Bank customers an engaging user experience that fits with the bank’s slogan, “mobile, just like you.”

Here’s a look at some of the aspects of Meniga’s PFM on Consors Bank’s web portal:

  • Monthly spending comparison:


  • Spending category overview:

MenigaConsorsCategoryOverview.jpgIceland-based Meniga launched in 2009 and has since brought its white-label PFM platform to 25 banks across the globe. Meniga last demonstrated at FinovateEurope 2014 and will return to London next February for FinovateEurope 2015.

Crealogix appeared on stage at FinovateSpring 2014 in San Jose and will also demo its new technology at FinovateEurope 2015 in London.

Meniga Launches MarketWatch to Offer a New Revenue Stream for Banks

This post is part of our live coverage of FinovateEurope 2014.


Next, Meniga demonstrated its MarketWatch technology:
“The MarketWatch offers Financial Institutions a unique way to analyze financial data that lives within their systems. Complementary to Meniga’s PFM Solution, the MarketWatch enriches the transactional data and is a real-time, transaction-based analytics platform for industry-specific market intelligence and reporting. The superior market intelligence provided by the MarketWatch can be offered by banks to retailers for competitive analysis or to improve tactical decision making thereby creating a new revenue stream.”
Presenting Georg Ludviksson (CEO & Co-Founder) and Einar Gustafsson (VP Product Management)
Product Launch: February 2014
Metrics: $8 million raised. 70 employees. Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions. The Meniga PFM Solution has been implemented by more than 15 financial institutions in 11 countries, reaching well over 10 million online banking users. Meniga’s PFM Solution has received multiple awards for innovation, including “Best of Show” at FinovateEurope in 2011 and 2013, and boasts market leading adoption and retention metrics.
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Reykjavík, Iceland
Founded: March 2009
Twitter: @meniga

19 Finovate Alums Selected for 2014 European FinTech 50 Awards

The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.

Here are the Finovate alums selected, listed in alphabetical order:


AcceptEmail, for its electronic billing and payment system that allows customers to make payments straight from their email.


BehavioSec, for its technology that uses behavioral biometrics to verify users, creating a secure environment without extra friction.


Credit Agricole Apps, for its online app store where financial apps are co-created between clients and developers.


eToro, for its social trading and investment network


ETRONIKA, for its full suite of ebanking channels and BANKTRON management platform.


Fidor Bank, for its innovative online banking community.


Five Degrees, for its integrated banking platform that extends from back-end systems to client-facing technology.


FreeAgent, for its SMB-focused online accounting system.


Help my Cash, for its recommendation engine that informs consumers of their options when choosing and negotiating financial services.
Holvi, for its smart checking account for group activities.
Ixaris, for its innovative global applications based on open-loop prepaid card schemes.



Klarna, for its e-commerce payment solutions.


mBank, for its Bank 3.0 approach to online and mobile banking.


Meniga, for its white-labeled PFM and next-generation online banking solutions.


Nutmeg, for its online savings and investing service that helps users manage their money.


The Currency Cloud, for its Cross Border Payments as a Service product that optimizes exchange rates and payment networks for both parties in a currency exchange.


TransferWise, for its platform that allows expats, foreign exchange students and businesses to move money globally.


Wonga, for its service that provides small, short term cash advances to UK consumers online.


Zopa, for its P2P money lending service that allows borrowers and lenders to deal with each other directly.

FinovateEurope 2014 Sneak Peek: Part 3


To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.

Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:


The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.


  • The ability to hold multi-currency balances in an ewallet
  • Faster international payments
  • Delivered though our upgraded intuitive interface
  • Why it’s great:
    Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.  


    Mike Laven, CEO
    Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years


    Richard Bastin, CTO
    With a lifelong passion for technology, Richard has been leading technology departments for over ten years


    ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.


      • Holistic multichannel partnership ecosystem for banks and partners
      • Personalized service offerings enabled by smart data analysis
      • Customer loyalty platform with enhanced fraud prevention

    Why it’s great
    Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention. 


    Kestutis Gardžiulis, CEO
    Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator. 


    Asta Sabaite, Head of Marketing
    Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.

    Feedzai provides payment fraud prevention at Big Data scale.


      • Connect mobile bank apps to social apps such as Facebook and Yelp, privately
      • Consumers check in and post status (geolocation) to protect their transactions
      • Feedzai’s fraud software lets banks “friend” customers, offering added peace-of-mind
    Why it’s great:
    Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.


    Nuno Moura Pires, VP of Sales
    Nuno is a senior sales executive with 15 years experience with a solid and extensive experience in technology and software companies like QlikView and SAS.


    IND Group is a digital banking, PFM and payments technology software innovator and vendor for financial institutions.
      • Turns the mobile banking channel into a real-time communication platform 
      • Persona-based design
      • Revolutionary card view concept
    Why it’s great: With IND Essence, all services are only a few taps away – anytime, anywhere. Mobile banking has never been so comfortable and easy, yet secure.  


    József NYÍRI
    József is the Co-Founder and Chief Innovator of IND Group, market leader of innovative banking front-office solutions.


    Tamas BRAUN
    Tamas is the General Manager of IND (UK), a subsidiary of IND Group, a leading international innovative banking front end solution vendor.


    Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation digital banking solutions.
      • Unique way to create value from data and analyze spending behavior
      • Anonymous and based on consent of retail banking customers
      • New revenue stream. Actionable, real-time insights into retail markets
    Why it’s great
    The Market Watch provides unprecedented, real-time, insights into consumer spending behavior, allowing banks to offer a highly valuable service to retail industry players. 


    Georg Ludviksson, CEO
    Georg is an accomplished technology entrepreneur with over 15 years of experience of founding, building and managing software companies with a global perspective. 


    Einar Gústafsson, VP Product Management at Meniga
    An interaction and information designer with a special focus on financial data and online banking. Einar has been working in the web industry since 1998 and is responsible for Meniga’s product roadmap.


    Trustev provides real time, online identity verification to eliminate fraud and increase revenues.
      • Brings retail identity decision making in the internet age
      • Provides identity decisions in real time
      • Uses multiple independent dynamic data sources 
    Why it’s great:
    Its rigorous authentication technologies deal with fraudsters, so you can serve your real customers.


    Pat Phelan, CEO & Co-founder
    One of Ireland’s best-known serial entrepreneurs, Pat Phelan is recognised across the globe as one of the most connected men in the technology industry.


    Chris Kennedy, CTO & Co-founder 
    Kennedy is a web professional with over 10 years experience in developing state of the art web engineering solutions with a speciality in building heavy duty web platforms.

    Stay tuned over the next few weeks for more in our Sneak Peek series.

    Where Are They Now? FinovateEurope 2013 Best of Show Winners


    As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

    Here are last year’s winners, in alphabetical order:


    Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

    What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
    Demo video

    What they’ve been up to:
      • Celebrated the second year of its social media bank and attracted 3k banking customers.
      • Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.


    Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

    What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
    Demo video

    What they’ve been up to:

    • Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
    • Released a mobile banking app for Medicinos Bankas.
    • One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.


    Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

    What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

    What they’ve been up to:
      • mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
      • mBank announced a new transactional service, new logo, premium offer for affluent customers.
      • Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
      • Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title


    Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.
    What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
    What they’ve been up to:
      • Promsvyazbank in Russia launched Meniga-powered PFM-Service
      • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
      • BRE Bank launched its “new mBank”based on Meniga´s PFM solution


    Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.
    What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers ma
    nage and improve their financial health
    What they’ve been up to:
      • Launched their Android app
      • Updated the iOS app
      • Received $2 million investment from Life.SREDA
      • Expanded the beta sign ups for the bank
      • Debuted Money Pulse to help users manage day-to-day finances


    Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.
    What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment
    What they’ve been up to:
    • Rebranded as Oink
    • Launched new iOS mobile app
    • Contracted with Marvelous USA to provide its payment system on their site
    • Expanded to a quarter of a million users
    • Signed its first UK partners, Toy Galaxy and Toadstool
    • Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
    • Partnered with epay
    • Received Excellence in Best Practices Award from Frost & Sullivan


    Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

    What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another
    What they’ve been up to:
    • Launched Android app
    • Presented their solution to the Bavarian Ministry of Economics


    Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

    What they demoed: Their mobile point of sale system
    What they’ve been up to:
    • Expanded to Latin America with launch of m-payments service in Brazil
    • Cut its transaction fee across Europe
    • Received investment from BBVA Ventures to aid in expansion to South America
    • Launched plug-and-play POS technology
    • Received multi-million Euro investment from Amex and Groupon
    • Launched in Russia and partnered with Svyaznoy Group
    • Partnered with Revel Systems to facilitate card payments
    • Began supporting AmEx in some European markets

    To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.

    Finovate Alumni Raise $825 Million in 2013, Up 79%


    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.
    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 or

    Innovations at FinovateEurope 2014: Part 2

    Thumbnail image for FinovateEurope2014wdatehighres.jpg

    A week ago we introduced you to half of the companies that will be demoing their technologies on stage for FinovateEurope 2014.

    Today we’re providing the second half of our scheduled roster for February.

    For more information, and to get your tickets, visit our Finovate Europe 2014 page here.


    Luxoft’s iStockTrack is an innovative iPad solution providing mobile banking services for private and premium banking clients.

    Thumbnail image for matchi_logo.jpg

    Matchi is an innovative matchmaking platform for banks and innovators to establish collaborative relationships that deliver increased ROI for innovators and banks alike.

    Thumbnail image for MenigaLogo.jpg

    Meniga is Europe’s leading white-label PFM provider. The company helps banks improve their businesses through data-mining, cross-sales, and improved retention.


    Mobino enables mobile payments for 5 billion people, from any phone, no credit card required.


    The Moneyer is the future of online Personal Finance Management.

    Thumbnail image for Money_on_toast_logo.jpg

    Money on Toast delivers independent and whole of the market, FCA-regulated financial advice online via its algorithm-powered adviser.


    MyOrder provides a m-commerce mobile app that serves businesses in parking, catering, and entertainment.

    Thumbnail image for mywishboard_logo.jpg

    myWishBoard is the first crowdfunding platform for personal dreams and wishes.

    NF Innova_losres_logo.jpg

    NF Innova’s Personal Experience Module, a part of iBanking product suite, enables banks to offer their customers a truly unique and tailored user experience.


    Nostrum Group has built a virtual collection product that automates and optimizes the delinquency management process.

    Thumbnail image for nous_net_logo.jpg’s Spark Feed is a real-time financial data service that helps you understand and predict the markets.


    payworks is the provider of a mobile POS, Software-as-a-Service platform that lets developers quickly build payment functionality into their shopper and merchant apps.

    Thumbnail image for Thumbnail image for PhotoPay_logo.jpg

    PhotoPay’s technology allows users to extract data from any document, paper or electronic, enabling billpay on mobile devices.


    Pixeliris’s CopSonic is the first universal contactless mobile payment system powered by our unique technology based on sonic communication.


    Plutus Software’s KreditAja credit scoring system is designed to better serve the unbanked and underbanked in Asia.

    Thumbnail image for SaasMarketsLogo.jpg

    SaaS Markets is an enterprise cloud marketplace company whose MarketMaker platform helps FIs deploy their own branded, cloud-based business app store.

    Thumbnail image for smartengine_logo.jpg

    SmartEngine stands for personalization and target marketing. As pioneers in the field of customer loyalty, Smart Engine is a driver of innovation and a leader in personalized target marketing.


    SoftWear Finance’s HACU PLATFORM enables banks to provide customers with the best possible user experience on any platform or device.

    Thumbnail image for sqli_logo_new.jpg

    SQLI’s Augmented Banking is a new take at Online Banking. It is aimed at positioning a bank at the very center of people’s digital lives.

    Thumbnail image for TemenosLogo.jpg

    Temenos’s Treasury Management Dashboard tablet app has been developed for Microsoft Windows 8 and enables the transformation of treasury operations.


    Tink is a free personal finance service that allows you to follow your money, where ever you are.

    Thumbnail image for TooTpayLogo.jpg

    Tootpay’s solution is a mobile financial solution for payments, banking, telecommunications, and remittance industries.


    Top Image Systems has leveraged its deep recognition and imaging expertise to develop a powerful suite of image processing applications for mobile devices.


    Topicus Finan is a software vendor specializing in enterprise-level financial analysis. Its solution enables banks to provide self-service business lending processes for SMEs.


    Toshl Finance is a personal finance manager made fun. Find out where your money is going, keep on top of bills and spending, and set up budgets.


    Truphone, the innovative mobile operator, introduces the only global network-based recording solution for the Financial Industry.


    Trustev provides a new approach to fraud prevention through a real-time, online identity verification platform, which ensures that merchants know exactly who they are selling to.


    Yseop Sales Force Productivity Suite and its email writing application (YseMail) support financial advisors through the entire sales cycle.

    Finovate Alumni News– November 25, 2013

    • Finovate-F-Logo.jpgAtos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
    • Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
    • Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.
    • American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
    • Charitable givers now able to use Square Cash to donate via Bright Funds.
    • ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
    • MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.
    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– November 4, 2013

    • Thumbnail image for Finovate-F-Logo.jpgAlly Bank integrates Fiserv’s Popmoney into its set of mobile payment options.
    • Collaboration between Meniga and Promsvyazbank (PSB) brings custom-designed PFM solutions to Russian market.
    • Cardlytics announces launch of advertising platform with Lloyd’s Bank in the UK.
    • Betterment upgrades its iPhone app, launches new Android app.
    • Prosper reports $50 Million in Loan Originations in October.
    • Crowd Valley partners with BancBox, CrowdBouncer to Support Online Funding Markets.
    • Lighter Capital launches $15k Dreamforce giveaway.
    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– October 29, 2013

    • Finovate-F-Logo.jpgPayfone Brings in $10 Million from Early Warning Systems.
    • Promsvyazbank in Russia Launches PFM-Service, Powered by Meniga.
    • Payments Source: Fiserv Makes a Payments Play for Small Businesses.
    • FinovateAsia 2013 Sneak Peek: Part 3 is up.
    • Trejdify publishes an introduction to Quantopian.
    • GMC Software Technology opens office in Australia. Join them in Singapore next month for FinovateAsia 2013.
    • For the third consecutive year Deloitte nominates Trustly as 1 of Sweden’s Tech Fast 50 companies.
    • Pennsylvania’s Customers Bank embraces mobile bill pay via Mitek-powered PicturePay.
    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.