Finovate Alumni News

On Finovate.com

  • “Mortgagetech on the Move as Roostify Closes Series A Round Led by USAA”
  • “Blooom Announces $4 Million Series A Round Led by QED Investors”

Around the web

  • BizEquity announces strategic partnership with eMoney Advisor.
  • Vietnam Public Joint Stock Commercial Bank (PVcomBank) deploys digital banking platform from Misys.
  • Let’s Talk Payments interviews Konstantin Rabin, Kontomatik CMO.
  • BAI Retail Delivery conference attendees select MX as the Innovation Showcase Award winner.
  • Global AutoTrading integrates with Tradier to extend brokerage services.
  • Avalara announces sales-tax accuracy guarantee.
  • LOYAL3 Securities will act as co-manager for Square’s IPO.
  • Customers of the Microsoft Dynamics NAV rollout will automatically have free access to Tradeshift’s e-invoicing solution.
  • Arxan now secures applications running on 500+ million devices.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

 

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York, 29/30 March 2016. Stay tuned for details.

Developer news

The latest from FinDEVr San Francisco 2015 presenters

  • Fidor Bank wins in two categories at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in its piece, The Next Security Frontier: The Human Body.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API, Payment Engine Two.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • Self Lender names MX one of three startups “absolutely crushing it” in fintech.
  • “Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform”

Alumni updates

  • PocketSmith launches in Xero Add-On Marketplace.
  • Expensify launches new integration features for Xero.
  • Nymi recruits CEO John Haggard; Karl Martin will now serve as CTO.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “Hip Pocket Introduces its New PFM Solution, Hip Money
  • “FinDEVr Newcomer Praesidio Rakes in $3 Million Investment”

Around the web

  • Cachet Financial Solutions to deploy its Select Mobile Money platform with a global payment solutions provider seeking U.S. expansion.
  • Currency Cloud launches its Payment Engine Two API to enable faster payments and greater scalability.
  • D+H Global PayPlus teams up with Ripple, integrating its payment-services hub with Ripple’s distributed-ledger technology.
  • Thomson Reuters announces content update to its Checkpoint Catalyst FASB reporting solution.
  • Ahead of its impending IPO, Worldpay firms up IPO price range.
  • Self Lender names MX as one of three startups “absolutely crushing it” in fintech.
  • Wealthfront lists App Annie, Avalara, Credit Karma, and Twilio on its list of career-launching companies.
  • Expensify launches new integration features for Xero.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

FinDEVr Live: MX Describes How it Delivers Better Code to Developers

MXhomepage

mx.com | moneysummit.mx.com | @MXenabled

MXMX launched its core Digital Money Management (DMM) solution, MoneyDesktop, in October 2010. In just five years, MX has become one of the fastest-growing fintech companies and the DMM provider-of-choice to more than 550 banks and credit unions. MX is committed to building online and mobile financial software that entices consumers to increase their financial intelligence through a user experience that makes money management feel natural, simple and gratifying. As the industry is disrupted at a rapid pace, MX is committed to keeping financial institutions relevant and on the forefront of innovation.

How you build something is more important than what you’re building
Is your code simple, clean and maintainable? That’s the first question you should be asking rather than focusing on function. Studies have shown that up to 70% of the cost of software is incurred during maintenance. Readability, or the ease of reading source code, can promote software maintainability and is at the core of MX’s philosophy. In this 20-minute session, Brandon Dewitt, MX’s CTO, is discussing the fundamentals of building technology and how MX is delivering innovation and better code directly into the hands of engineers responsible for technology in their financial institutions.

Key takeaways:

  • Building a maintainable platform
  • Why style of code matters
  • Facilitating a smooth transition as you onboard new engineers

IMG_0858
Presenter: Brandon Dewitt, CTO
LinkedIn | @abrandoned | brandon.dewitt@mx.com
Brandon Dewitt, CTO of MX, actively contributes to open-source projects and has worked in software engineering at Nike, BakerHill, and Experian. He leads the MX engineering team to produce cutting-edge solutions for the fintech industry.

MX Lands $4 Million from CheckFree Founder Pete Kight

MXhomepage

Just days away from its presentation at the FinDEVr developer conference next week, MX received a $4 million investment from CheckFree founder, Pete Kight.PeteKightIMG

Following this investment, Kight (pictured right) will join MX’s board of directors and will serve as an adviser to the company’s CEO, Ryan Caldwell.

Today’s investment brings the Utah-based company’s total raised to $54 million. In April of this year, USAA led MX’s most recent round, totaling $30 million. Prior to that, in November of 2014, it pulled in $20 million in seed funding.

MX, formerly known as MoneyDesktop, offers data aggregation, data cleansing, auto-categorization, classification, money management, custom APIs, data analytics, and marketing to help more than 550 financial institutions serve up a better user experience.

MX is one of 64 companies that will present its latest tools and APIs to a crowd of developers at FinDEVr in San Francisco next week. Brandon Dewitt, CTO of MX, will lead a presentation titled, How You Build Something Is More Important Than What You’re Building. Tickets for FinDEVr are available through early next week.

The company, founded in 2010, last demoed at FinovateFall 2014 in New York. Check out the video below.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, 6/7 October (just a few days away!) in San Francisco.

Developer news

  • “Thomson Reuters considers how APIs are changing the fintech narrative”

The latest from upcoming FinDEVr 2015 presenters

  • FinDEVr San Francisco 2015 Presenters All Mapped Out.
  • PayPal unveils its chip-card reader in the U.S.
  • Hyperwallet counts down to next week’s FinDEVr developer conference.
  • Munich-based Fidor Bank Launches in the U.K.
  • OnDeck partners with Association for Enterprise Opportunity to facilitate up to $10 million in small-business loans.
  • Aerospike releases version 3.6 of its NoSQL operational database.
  • TechCrunch: Klarna adds American Express as a partner.
  • Emerging Payments Awards selects Hyperwallet as a finalist for the Best Corporate/Government Payments Program award for 2015.
  • Braintree and PayPal reflect on their two-year anniversary.
  • CNET features Personal Capital in a look at investment in robo-advisers.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • MX Lands $4 Million from CheckFree Founder Pete Kight.

Alumni updates

  • Xero surpasses milestone of 100,000 subscribers in the U.K.

Stay up to date on daily developments by following FinDEVr on Twitter.

Finovate Alumni News

On Finovate.com

  • “Rippleshot Earns Spot in SixThirty Accelerator’s Incoming Cohort”
  • “Cloud Lending Solutions Raises $8 Million in Series A”
  • “MX Lands $4 Million from CheckFree Founder Pete Kight”

Around the web

  • iSignthis to provide KYC services to Coinify, Europe’s leading bitcoin-payment service provider.
  • Feedzai’s algorithms poised to analyze $800 million in purchases in real time each day.
  • Bitbond launches bitcoin affiliate program to allow users to earn money online simply by placing a link.
  • Matchi launches first innovation challenge for insurance company.
  • Lendio funds more than 500 small businesses in one month.
  • Xero surpasses milestone of 100,000 subscribers in the United Kingdom.
  • Algomi announces expansion, opening new office in New York.
  • Misys wins Customer Focus Award, named “National Champion for the U.K.” by the European Business Awards.
  • Let’s Talk Payments profiles PFM and account-aggregation solution provider, eWise.

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

  • “Finovate Debuts: DoubleNet Pay Puts Payday at the Center of Financial Planning”

Around the web

  • Coinbase expands its services to Canada.
  • Zopa appoints Jaidev Janardana to CEO; co-founder and former CEO Giles Andrews assumes role as executive chairman.
  • ArcBit highlighted in Brave New Coin feature on iOS-based digital wallets. See ArcBit at FinovateFall 2015 in New York.
  • Xero and Bill.com team up to offer Direct Sync integration for SMEs.
  • Utah Business Magazine names MX number 20 of 50 of Utah’s fastest-growing companies.
  • ID Analytics names Scott Carter CEO.
  • Ormsby Street opens offices in Italy. See Ormsby Street at FinovateFall 2015 in New York in September.

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

  • “Four Finovate Alums Land on Inc. Magazine Top 100″

Around the web

  • Check out Utah Business’s video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Come see what MX has for developers at FinDEVr this October.
  • Silicon Republic names WePay, Betterment, and OnDeck as companies to follow on Twitter.
  • Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time.
  • TSYS hires Patricia Watson as Senior EVP and CIO.
  • Finovate, FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Waters Technology looks at the use of sentiment analysis by investment-oriented startups like Nous and Market Prophet.
  • BankNXT profiles the partnership between two disruptive businesses, Uber and Zopa.
  • Klarna valued at more than $2.25 billion after secondary offering.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • TIO Networks initiates a non-brokered private placement of up to 2.1 million Common Shares priced at $1.08 CAD per share.
  • AcceptEmail names Ron Averett as president and CEO for U.S.A. and Canada.

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

  • “Santander UK Launches Cash Kitty PFM App Developed with Kalixa, Monitise”

Around the web

  • Lend Academy podcast features Kathryn Petralia, Kabbage co-founder. Come see Kabbage at FinDEVr 2015 in San Francisco.
  • GMC Software releases GMC Inspire R10 customer communications management software.
  • DevNetwork profiles WePay at the API World 2015 conference.
  • DriveWealth joins with World Merit to promote the first Financial Literacy Challenge.
  • Sonavation unveils technology that puts fingerprint sensors under Gorilla Glass.
  • Top Image Systems inks deal with Bahrainian Xerox distributor, Business International all.
  • Dallas Business Journal interviews Chris Camillo, TickerTags founder.
  • Prosper begins debt-sale recovery strategy; charged-off loans will be packaged together for a debt sale.
  • AlwaysOn selects Taulia as an AlwaysOn Global 250 winner.
  • Beehive Startups takes a peek at MX’s culture. Check out MX’s presentation for developers at FinDEVr 2015 in San Francisco.
  • GROWMARK selects Avalara AvaTax Excise & Returns Excise Enterprise. Avalara will present at FinDEVr 2015, 6/7 October.
  • Forbes column on top fintech trends highlights MaxMyInterest, Prosper, Lending Club, Betterment, Vanguard, CUneXus, Patch of Land, and DarcMatter.

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

  • TipRanks Takes Top Prize at IBM Watson Hackathon in Israel

Around the web

  • Greg Smith and Chris Costello of Blooom discuss simplifying 401(k) management with Fox Business News.
  • Nilesh Dusane, Ripple Labs VP for global sales and client relations, talks about distributed ledgers and the future of payments.
  • EZBOB announces Everline as the sole channel for intermediary businesses.
  • Nomis Solutions teams up with Oliver Wyman to help FIs boost profitability in their retail deposit portfolios.
  • Temenos opens new office in Helsinki, Finland.
  • The Financial Brand highlights the need for banks to compete with Mint, MX, D3, Yodlee, Meniga, Geezeo, and Strands.
  • Investopedia features FutureAdvisor’s use for college savings.
  • Ping Identity enhances partner program with new options, benefits and requirements for partners in three programs.
  • BCSG appoints Deutsche Telekom’s Simon Lunn as COO.
  • Strategic News Service FiRe tech conference names ValidSoft a 2015 FiReStarter Company.
  • ProfitStars Banno Mobile named a leader in the IDC MarketScape: North American Mobile Banking Software Solutions 2015 Vendor Assessment.
  • Huffington Post considers advice from Scott Cook, Intuit co-founder.
  • Remember, the application deadline for the Fall 2015 cohort for the SixThirty accelerator is Friday, 10 July 2015.

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.

MX Raises $30 Million in Series A Investment

MX_homepage

Five-time Best of Show award winner, MX, has boosted its total capital to more than $50 million with this week’s raise of $30 million. The Series A round was led by USAA (via a subsidiary), and featured participation from existing investor Commerce Ventures and new investor Digital Garage, based out of Tokyo.

TechCrunch’s coverage of the fundraising cites Pitchbook’s valuation of the company formerly known as “MoneyDesktop” at more than $270 million after this week’s investment.

The strategic implications of the investment in MX include the opportunity to bring its personal/digital finance management technology to the more than 10 million customers of USAA. Vic Pascucci, head of corporate development at USAA, said, “We see an opportunity for MX’s technologies to benefit our members, and our investment is one way we plan to explore that opportunity.”

FF2014_MX_stageshot_multipledevices

With Digital Garage onboard, MX will leverage the firm’s experience in helping companies like Twitter expand overseas to do some international expansion of its own. President and Group CEO Kaoru Hayashi called MX “a dominant force in the U.S.” and referred to financial institutions in Japan as being “hungry for (the) full-stack solutions” that MX can provide.

Headquartered in Provo, Utah (“the heart of Utah’s Silicon Slopes”), MX specializes in helping banks and financial institutions provide omnichannel, “customer-centric” banking experiences. MX was founded in 2010 by Ryan Caldwell (CEO), and partners with more than 500 FIs and 30 online banking, core, and payment network providers. Providing a “truly cross-platform” experience—the company’s last demo at FinovateFall 2014 featured the platform running on more than eight different devices—MX is better able to ensure that their technology will integrate seamlessly with an FI’s current system and processes.

Categories: MX