Finovate Alumni News


  • LendKey to Power Online Student Lending at Navy Federal Credit Union. See LendKey at FinovateSpring 2015 in San Jose in May
  • Credit Karma Now Serves Americans with Thin Credit Files

Around the web

  • D3 Banking taps Jeffrey Hale as chief business development officer.
  • Business & Leadership features “Irish success story” Trustev and its CEO and co-founder, Pat Phelan.
  • MarketWatch looks at Betterment, Blooom, FutureAdvisor, Motif Investing, and Wealthfront in its column on the “battle” between human and robo-advisers.
  • Northwest Community Credit Union to deploy Portico from Fiserv.
  • Wallaby Financial launches Wallaby for Apple Watch.
  • TSYS enables full-service payment-processing for American Express OptBlue program.
  • Bazaarvoice hires Sara Spivey as its new chief marketing officer.
  • WSJ mentions StockTwits’ role in social media for investing.
  • Fierce Finance IT: Tradier’s API platform sees explosion of firms looking to build robo-advisers.
  • Linkable Networks launches Omnyverse affiliate network with digital offers, promotions and incentives.
  • InComm enables Budget Mobile to offer Airfair Lifeline Reload services through 90,000 retail stores.

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.

HedgeCoVest Takes Top Honors at 2015 Benzinga Fintech Awards


The votes are in! HedgeCoVest is the winner of the Overall category at the 2015 Benzinga Fintech Awards.

HedgeCoVest earned its first-place award at the Benzinga Fintech Awards Gala Event held earlier this month in New York City. The company picked up 5 million ad impressions and a one-year license to the Benzinga Pro Real-Time News & Data feed. Second- and third-place prizes were also awarded.

In attendance at the event were more than 50 CEOs, more than 100 fintech companies, about 20 venture capital firms, 10 major U.S. retail brokerages, and four fintech accelerators, as well as a host of press and media.

HedgeCoVest also performed well in individual categories, winning the Alternative Investment category, and earning runner-up recognition in the Most Disruptive category. Finovate alums taking home individual awards are listed below. See a full list of all winners, runners-up, and finalists.

Betterment: winner: Robo Advisor Tools, Founder of the Year (Jon Stein); runner-up: “A Penny Saved, A Penny Earned”

iBillionaire: finalist: Idea Generation Creating Proprietary Data

iQuantifi: finalist: Robo Advisor Tools, “A Penny Saved, A Penny Earned,” Idea Generation Strategy

LikeFolio: winner: Idea Generation Research Platforms & Tools

Market Prophit: runner-up: Idea Generation Creating Proprietary Data

Motif Investing: winner: Most Disruptive; finalist: Founder of the Year (Hardeep Walia), Alternative Investment

Personal Capital: runner-up: Idea Generation Strategy; finalist: “A Penny Saved, A Penny Earned”

Thinknum: finalist: Best Use of the Crowd, Most Promising Startup

TipRanks: winner: Idea Generation Trade Recommendations

Trunomi:. finalist: Best Enterprise Solution

Finovate Alumni News


  • HedgeCoVest Wins Top Honors at 2015 Benzinga Fintech Awards

Around the web

  • oneID launches its simple, free solution to secure personal information online across all devices.
  • Born2Invest talks about “thematic investing” in its review of Motif Investing.
  • Currency Cloud opens offices in New York, kicking off its U.S. expansion.
  • Select Mobile Money from Cachet Financial Solutions now supports Apple Watch.
  • Sberbank launches new digital platform based on technology from Backbase.
  • Five Degrees named winner of Dutch FinTech Awards in Banking & IT category.
  • PYMNTS looks at Ezbob’s role in SMB lending in the United Kingdom.
  • PayNearMe enables customers of LA Covered to pay their monthly premiums in cash.
  • Critical Mass radio show interviews CEO Jack Bicer.
  • Trulioo wins Europe’s 2015 Digital Identity Innovation Award. Watch Trulioo demo live at FinovateSpring.
  • NAB links core API technology to Xero’s accounting cloud ecosystems, connecting client’s online bank to their Xero account.
  • Authentify enables E-Transfer Technologies to protect currency trading accounts with mobile multifactor authentication.
  • Forbes: Kony and Soasta partner to close the mobile development and monitoring loop.

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


  • Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding
  • Mint Bills Brings Mobile Billpay to One Million Customers of Quester Gas
  • Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

Around the web

  • Bento for Business founder and CEO weighs in on the future of tech accelerators. See Bento for Business at FinovateSpring 2015 in San Jose next month.
  • Global Market Solutions joins the Misys InFusion Partner program.
  • TechCrunch column on fintech regulation features Lending Club, Motif Investing, Betterment, OnDeck, Wealthfront, Prosper, and WealthForge. Join WealthForge in San Jose for FinovateSpring 2015.
  • OnDeck partners with Angie’s List to offer financing to its service providers.
  • Paybefore selects InComm as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category.
  • Banking Exchange: Kabbage hopes to harvest more bank partnerships.
  • Check Point Software and FireEye partner to share threat intelligence to protect customers from modern advanced attacks.
  • Bank Innovation’s look at Voice Assisted Banking features Interactions.

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


  • AuthenticID Teams Up with MyECheck to Provide Document Authentication

Around the Web

  • OEM agreement between Kofax and BlackHawk Network enables mobile capture on GoWallet digital wallet.
  • Early Warning and BioCatch to collaborate in new data-sharing consortium.
  • Q2 teams up with Acculynk to provide real-time P2P payment service.
  • The Netbanker Blog is Moving to
  • Lending Club and Citi partner with Varadero Capital to facilitate up to $150 million in loans to provide affordable credit to underserved borrowers and communities.
  • Options trading tool, Orca, partners with Tradier for its Brokerage API.
  • Prosper and OnDeck partner to offer customers more lending options.
  • GDS Link integrates MiiCard’s DirectID into its Credit Risk Management platform to reduce risk and increase conversion rates.
  • Lendio acquires Business Bounce to accelerate business lending on its marketplace platform.
  • PaySimple awarded Marketing Team of the Year by Marketo.
  • TechCrunch reports: SecondMarket launching product to put more control over secondary sales in the hands of startups.

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.

AlwaysOn’s OnFinance Top 100 Features 30 Finovate Alums


More than a quarter of the companies recognized in AlwaysOn’s first OnFinance Top 100 roster are Finovate alums.

The OnFinance Top 100 is designed to recognize the Top 100 private companies in fintech. The list was chosen by the AlwaysOn editorial team, along with several venture capital firms and industry experts. The criteria included degree of innovation, market potential, commercialization, stakeholder value, and “media buzz.”

The list is divided into six categories, and Finovate alums are well represented in each. Category winners will be announced at Always On’s event at the NASDAQ OMX in New York City at the end of April 2015.

Banking and corporate finance

Big data and analytics

Capital markets and investing

Digital currencies

Payment platforms

Personal finance management

Headquartered in Menlo Park, California, AlwaysOn was founded in 2003 by Tony Perkins, founder and editor of Red Herring magazine. The company serves as a networking and social media platform for technology professionals in variety of fields, and has a membership of more than 5,000.

Finovate Alumni News


  • Lendio Raises $20 Million in New Funding to Help Finance Small Businesses
  • Motif Investing Partners with Pacific Life to Offer Cause-Based Investing.
  • Bank Innovation’s Coolest Brands of 2015 Features Finovate Alums.
  • Printer Giant Lexmark to Acquire Kofax for $1 Billion.

Around the Web:

  • ShopKeep POS acquires payment processing startup, Payment Revolution.
  • Financial Guard and FutureAdvisor are featured as alternatives in a Bloomberg column on “breaking up with your expensive adviser.”
  • Bank Innovation column on “InsuranceTech” and Fintech 1,000 lists Insuritas.
  • Opentabs integrates with PayPal to power its mobile app order-ahead services.
  • PYMNTS: Monitise takes itself off the market. CEO steps down.
  • Billhighway awarded Silver Stevie Award for Innovation in Customer Service in the Financial Services Industry category. It is the second win for Billhighway since 2013.
  • Dexterity Ventures (Place2Give) bolsters team with new CMO, Product Manager, Developer, and Office Assistant.
  • The FinTech Blog interviews Eli Broverman, Co-Founder and COO of Betterment.
  • Fiserv, TD Bank Group, Intuit, and PayPal rank among Forbes’ list of Americas’ Best employers.
  • SocietyOne appoints former Investec Group chief lending officer, Simon Schwarz, as new COO.
  • Ad Age highlights how BancVue seeks to level the playing field for community banks.
  • Rippleshot joined fellow winners of the Chicago Innovation Awards in ringing the closing bell at the Nasdaq on Monday.
  • BankNXT looks at the rise of marketplace lending platforms including Finovate alums Lending Club and 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.

Motif Investing Partners with Pacific Life to Offer Cause-Based Investing

Online thematic investment brokerage Motif Investing has teamed up with Pacific Life to provide millennial investors with an opportunity to invest in the social causes they care most about.

Four new motifs will be offered, each including stocks from major U.S. companies that have made significant contributions to charities and foundations focused on issues ranging from education and human rights to fighting poverty and cancer.


The new motifs will be offered through a new subsidiary, Swell Investing. The motifs will be managed by Pacific Life and Swell Investing, while Motif handles the technology and distribution. The company will donate 20% of its revenues to specific organizations within the four categories. Learn more about Swell Investing here.

Below is a list of the four new motifs and examples of the stocks they include:

  • Improve Education: General Electric, Goldman Sachs, Citi
  • End Poverty: Wells Fargo, Walmart, JP Morgan Chase
  • Fight Cancer: Aflac, Caterpillar, AT&T
  • Uphold Human Rights: Bank of America, Exxon-Mobil, Nike


The new motifs are designed with millennials in mind. In addition to helping socially-conscious thirty-something investors, the motifs are also low-cost and transparent, two other issues believed to be especially important to the millennial generation.

“The new cause-driven investing motifs demonstrate that one can align good investment strategies with personal values,” Hardeep Walia, CEO and co-founder of Motif Investing said. “At the same time, Swell can use these motif portfolios to connect with millennials in a meaningful and clearly differentiated way.”

Motif Investing is a multiple Finovate alum, and earned Best of Show honors with its demonstrations at FinovateFall 2013 and FinovateSpring 2014. The company was founded in 2010 and is headquartered in San Mateo, California. Motif has raised more than $126 million in funding, including $40 million raised in January courtesy of an investment from Renren.

Finovate Alumni News


  • Finovate Debuts:’s Mobile Wallet Review.

Around the Web:

  • Estonian Inventor profiles TransferWise.
  • Wipro names Rajan Kohli to head the company’s year-old digital business unit.
  • Nomis Solutions partners with Tangerine to develop new customer engagement models.
  • Arxan Technologies wins finalist spot in SC Awards 2015 Europe for Best Mobile Security Solution.
  • Malay Mail Online feature on rob-advisors looks at Betterment, FutureAdvisor, LearnVest, Motif Investing, Personal Capital, and Wealthfront.
  • Milano Finanza reviews SecureSafe.
  • Kalixa leveraging recent acquisition of PXP to transition from DTC to B2B offering.
  • Zooz opens new office in London.
  • Globe Street interviews Realty Mogul’s SVP of residential lending, Shea Palette.
  • Xignite customers gain access to OTC Market Group’s 15-Minute Delayed Level 1 data courtesy of new agreement.
  • Business Insider UK lists Blockchain as one of the 25 most exciting Bitcoin startups.
  • American Banker: BBVA Compass chooses Kony for Mobile App Development.
  • Top Image Systems to provide processing solutions and account automation technology to German utility.

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: March 9, 2015


  • Irish Independent reports on Fenergo and its plan to raise at least €10 million by fall.
  • Lifehacker reviews elder financial abuse-prevention technology, EverSafe.
  • ETF Trends takes a look at Wealthfront, Betterment, FutureAdvisor, and Motif Investing in a column on “robo-advice.”
  • Silanis Technology to bring eSignLive’s esignature technology to Xpertdoc’s CCM platform.
  • BodeTree launches Cash Tracker to give businesses a full picture of their finances.
  • Dealstruck launches new financing product, Inventory Line of Credit, to meet needs of businesses with recurring needs to purchase inventory.
  • Matchi launches global fintech challenge to find banking solutions for Barclays Africa.
  • Mapa Research: Reports from The Frontline of Fintech: Finovate Day Two.
  • Benzinga unveils fintech award finalists; 12 Finovate alums featured.
  • iQuantifi wins spot in Plug and Play Fintech Accelerator.
  • Accounting Today spotlights Sheela Zemlin, the new SVP of Sales for

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.

Benzinga Unveils Fintech Award Finalists; 12 Finovate Alums Featured


On April 8th, the Finovate blog might be the second best place to find Finovate alumni.

The best place could actually be in New York at the Benzinga Fintech Awards where a dozen Finovate alums have been named as finalists to compete for Benzinga’s first, second, and third prizes, as well as honors for best in category. More than 115 companies competed to reach the finals in pursuit of the title of “Most Innovative Fintech Company.”

The first, second, and third place winners will earn ad impressions:
5 million for first, 1.5 milion for second, and 1 million for third.
The top three companies will also win licenses to the Benzinga Pro Real-Time News & Data Feed:
1-year for first place, 6-months for second, and 1-month for third.
The initial 115 companies were chosen by Benzinga readers. Making the final vote for top three will be event judges Steve Ehrlich, CEO of Honos Financial; Ron Insana, senior analyst, CNBC; Andrew Ackerman, managing director, Dreamit; Charlie Kroll, former CEO and founder of Andera; and Josh Brown, CEO of Ritholtz Wealth Management.
Below are the finalist categories, as well as the Finovate alums in each.
Idea Generation
Trade Recommendation
Investment Vehicle
Alternative Investment
Special Categories
Best Enterprise Solutions
Best Use of the Crowd
Founder of the Year
  • Hardeep Walia, Motif Investing
  • Jon Stein, Betterment
Most Promising Startup
  • Thinknum
A Penny Saved, A Penny Earned
  • Motif Investing
  • Betterment
  • Personal Capital
  • iQuantifi
Most Disruptive
  • Motif Investing
  • HedgeCoVest

Finovate Alumni News: March 2, 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.jpgKnox News features SigFig and Motif Investing in its look at investment-tracking apps.
  • Bank Innovation takes a look at how Xignite “democratizes” financial trading.
  • ACI Worldwide teams up with STS PayOne to build fraud prevention technology for e-commerce merchants in the Middle East and Africa.
  • Payoneer appoints Neil Platt to Chief Revenue Officer.
  • column on the money-transfer industry features CurrencyFair and TransferWise.
  • Financeit receives $75 million renewal from Pacific & Western Bank of Canada to help expand consumer financing program.
  • PYMNTS interviews Fiserv on how banks can capitalize on emerging trends.
  • Google launches a status dashboard for several of its cloud infrastructure services in the Google Cloud Platform.
  • PayPal acquires Paydiant for an estimated $280 million.
  • PayPal debuts chip & PIN and NFC payments-acceptance device.
  • Authentify Ranked 46 out of 500 Hottest Security Firms; its xFA Solution is a finalist for Authentication Solution of the Year.
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.