The Winning Ten: Finovate Alums Earn Spots on the 2020 Fintech Power 50

The newly-released Fintech Power 50 for 2020 features ten Finovate alums. The roster is produced every December and bills itself as “meant to be controversial and provoke debate” while at the same time providing “inspiration to the rest of the industry.”

“Throughout its first year the Fintech Power 50 has seen consistent success for our members and we are very proud of the opportunities that being a member of the Power 50 has offered the companies involved,” Fintech Power 50 Managing Director and co-founder Jason Williams said. “We look forward to continuing the traction we have made this year with the 2020 cohort, with a more ambitious and exciting programme.”

The Finovate alums to make the cut are:

The Fintech Power 50 aims to help fintechs reach a broader audience around the world. Over the course of 2020, the program will offer media partnerships and networking, business development and branding support, and investment and talent acquisition. This year marks the third edition of the program; coincidentally, the 2019 Power 50 featured ten Finovate alums, as well.

“We’re incredibly excited at this announcement, which is clear recognition of Keepabl’s value to customers, and to trusted advisers alike, and our potential to keep disrupting compliance-as-a-service,” wrote Keepabl CEO Robert Baugh in an email.

CREALOGIX CEO David Joyce added that he was “looking forward to exchanging ideas with the renowned digital leaders in this unique group.” He praised the way the roster reflected “the breadth, diversity, and creativity of the global fintech scene.”

The Fintech Power 50 2020 also features ten fintech thought leaders whose names will be familiar to Finovate veterans. Nine of the ten – David Birch, Ghela Boskovich, Theo Lau, Brett King, Jim Marous, Devie Mohan, David Parker, and Ruth Wandhofer – have made major contributions to our Finovate conferences since we expanded our format in 2017. We’ll have to get Mr. Lawrence Wintermeyer, co-founder of Global Digital Finance and the tenth thought leader on this year’s Fintech Power 50, to a Finovate stage sooner than later!

See the full Fintech Power 50 2020 list.

Finovate Alumni News


  • NF Innova | NFG and Mambu Team Up to Deliver New Digital Banking Solution.
  • Thinking Capital and Equifax Launch ‘Cash Flow Revolution’ for Canadian SMEs.
  • PayPal’s Pledge: CEO Commits to $3 Billion a Year in M&A Spending.

Around the web

  • AI Foundry forges integration partnership with MTS Software Solutions.
  • PaySend joins Astana International Finance Centre (AIFC), a central Asian fintech hub based in Kazakhstan.
  • Thomson Reuters expands strategic partnership with SAP to simplify costs of cross-border transactions.
  • GreatHorn welcomes Vijay Malik as its new Vice President of Engineering.
  • Nanopay plans for B2B cross border and domestic transfer service.
  • Multiple Best of Show winner Trusona launches partner program.
  • Kinetica taps Gary West as Vice President of Sales, EMEA.

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 Global: Fintech News from the Periphery

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from the Periphery is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.


  • Abu Dhabi Financial Group (ADFG) invests “substantial capital” in U.S. VC firm, 500 Startups.
  • raises $2.3 million in Series B funding.
  • Saudi Arabia Monetary Authority introduces online payments service via the Saudi Payment Network.


  • nanopay CEO Laurence Cooke discusses the role of mobile money payment platforms will play in the transformation of Africa’s banking system.
  • South African Reserve Bank establishes division to build proof of concept for distributed ledger technology-based interbank clearing and settlement.
  • South African software company Finteq will collaborate with Zimbabwe’s Zimswitch EFT switch and clearing house to build an automated clearing house.


  • Banks in Chile shut down accounts of local cryptocurrency exchanges.
  • Brazil’s leading consumer loan marketplace FinanZero raises $3.6 million in Series A funding.
  • Deutsche Welle looks at Spain’s “under the radar” rise as a digital leader.


  • Romania’s first factoring fintech platform, Instant Factoring, goes live.
  • Sberbank partners with systems integrator I-Teco to develop joint cloud platform, SberCloud.
  • PKO Bank Polski teams up with blockchain company Coinfirm to log and store client transactions and agreements.


  • China and Singapore complete first all-blockchain commodity trade.
  • Is it time for a fintech revolution in the Philippines?
  • Bank Indonesia announces 15 fintech companies as official payment system providers.

Top image designed by Freepik

nanopay Launches B2B Payment Platform for International Commerce

Canada-based payments platform nanopay unveiled its new B2B payments solution for international trading this week. The new platform, which is scheduled to be available to users in February and is currently in private beta, will initially support cross-border payments between the U.S. and Canada. nanopay expects to extend the service to India and China in the second quarter of 2018.

CEO and founder of nanopay Laurence Cooke pointed to the difficulty in paying and getting paid by international trading partners – as well as a lack of visibility – as the challenge the new platform solves. “Business relationships are founded on trust and the nanopay platform eliminates payment risk as an impediment to working together,” he said. “With UPS-like tracking you always know the status of your payment request.”

CEO and founder Laurence Cooke demonstrating nanopay Cross Border / B2B Portal at FinovateFall 2017.

“nanopay’s vision for simple and secure global B2B payments made it an easy choice to implement its platform,” s2H Business Information Systems CEO Sam Andary said. Crediting nanopay’s technology for helping his firm separate itself from its competition, he added, “Our customers will benefit from knowing where their money is at all times and trusting that it’ll be delivered securely – capabilities that customers are growing to expect in this digital age.”

nanopay’s B2B platform supports account-to-account payments, providing full visibility and payment context. This includes ISO 20022 metadata to provide for straight-through processing (STP), and avoids the need for transferring sensitive banking information back and forth. Payment originators will have full visibility of foreign exchange costs when invoices are paid in a different currency, and the platform will be accessible both via API as well as online as a web app.

Founded in 2013 and headquartered in Toronto, Ontario, nanopay demonstrated its nanopay Cross Border/B2B Portal at FinovateFall 2017. Last month, the company partnered with Interac e-Transfer, providing Canadians with another real-time payment option. Also this fall, nanopay announced a pair of C-level hires, adding new Chief Revenue Officer Nilesh Dusane and a new Chief Risk Officer Amir Sunderji. With more than $10 million in total funding, nanopay includes APAGM, Rohatton, Jarnac Capital Management, and Goldman Sachs among its investors.

Finovate Alumni News


  • AutoGravity Introduces Sheng Wang as New Chief Technology Officer.
  • nanopay Launches B2B Platform for International Commerce.

Around the web

  • Fiserv announces agreements with five credit unions to deploy its core account processing platform, DNA.
  • PNC goes live on real-time payments network via Finastra’s payment services hub.
  • Fifth Third Bank picks FIS to provide real-time payments for customers.
  • The San Diego Union-Tribune recognizes Jack Henry & Associates as a Top Workplace
  • RightCapital ends its second year reporting $20billion total assets linked to platform.
  • Wired names Meniga one of five Reykjavik startups to watch.
  • NYMBUS completes SOC 2 Type 1 Certification.
  • Avoka named in Deloitte Technology Fast 50 and joins CRN Fast50.

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: nanopay

Screen Shot 2017-04-03 at 2.08.59 PM

FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

nanopay is a fintech company based in Toronto that provides a unique payment platform that powers multi-currency payment solutions with instantaneous settlement.


  • Process payments both online and offline
  • Well-suited for all payments including retail, B2B, and cross-border transfers alike
  • Uniquely enables instant clearing and settlement


Laurence Cooke, CEO
Cooke is founder and CEO of nanopay Corporation. He was previously Chief Operating Officer of Bell Mobility and Bell Distribution Inc.

Finovate Alumni News


  • Check out sneak peeks from FinovateSpring demoing companies SpeechPRO, CallVU, ACH AlertnanoPay DefenseStorm, and SuperMoney.
  • InComm Partners with WeChat Pay Parent Tencent.

Around the web

  • looks at Payoneer and escrow service as a way to support B2B payments.
  • SelfScore launches Achieve Card to provide international students with access to credit.
  • New service from Azimo enables money transfers with just a phone number.
  • PYMNTS profiles LendUp’s target market focus.
  • Loan validation firm Global Debt Registry Adds Prosper to Network.
  • DemystData celebrates its one-year anniversary in Singapore by expanding its offices.
  • EyeLock receives patent for sequentially linking iris matching with facial imaging.
  • Wired gets into the algorithmic brains of Quantopian.

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.

FinovateEurope Sneak Peek: nanoPay


Screen Shot 2017-01-23 at 4.27.53 PMA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

nanoPay is a fintech company based in Toronto that provides a unique payment platform that powers multi-currency payment solutions with instantaneous settlement.


Enables the banks to provide instantaneous fund transfers including settlement, without intermediaries, with higher straight through processing, full transparency, and over 60% cost reduction.

Why it’s great
The nanoPay platform uses state-of-the-art cryptography and bank-grade HSM security and is designed for global regulatory compliance.


Laurence Cooke, CEO
Cooke is founder and CEO of nanoPay Corporation. Prior to starting nanoPay, he was an independent management consultant with a focus on high tech and telecommunications.


nanoPay_NeboDjurdjevicNebo Djurdjevic, EVP Business Development
Djurdjevic brings 20+ years of global experience in electronic payments. Prior to joining nanoPay, he held senior executive roles with companies including Cardis International and Intellect

Finovate Alumni News


  • Finovate Debuts: InSpirAVE’s Internet of SavingsHelps You Save for What Matters.

Around the web

  • ACI Worldwide teams up with Chargebacks911 to help merchants handle fraudulent chargebacks.
  • Wipro joins Industrial Internet Consortium (IIC).
  • SS&C Technologies Holdings announces partnership with HedgeCoVest.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

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.

Nanopay Raises $10 Million Series A


With support from Goldman Sachs, Canadian payments innovator nanoPay has raised $10 million in new funding. The Series A also featured the participation of APAGM Services, Jarnac Capital Management, and Rohatton. nanoPay said the investment will help it develop business partnerships in advance of a larger rollout of its MintChip digital currency technology. The funding will also help nanoPay build additional complimentary services for both the B2B and B2C markets.

nanoPay CEO Laurence Cooke elaborated on this point, saying that in the wake of MintChip’s successful deployment in Canada this summer “our focus is now on expanding the platform beyond digital cash to a broad range of B2B uses-cases that have global applications.” Cooke referred to both B2C disbursements and cross-border payments as examples.


Laurence Cooke, nanoPay founder and CEO, demonstrated MintChip at FinovateFall 2016 in New York.

Developed by the Royal Canadian Mint and purchased by nanoPay in 2015, MintChip is a cloud-based currency that can be used to securely store and transfer digital value instantly, without third-party intervention. The technology provides for final, irrevocable transactions in real-time that are cryptographically secured. For consumers, MintChip provides a faster checkout process that combines both loyalty programs and payments, and works online as well as in-person. With its open API platform, MintChip has potential applications beyond commerce, including in telecommunications, central bank operations, and for acquirers.

Founded in 2011 and headquartered in Toronto, Ontario, Canada, nanoPay demonstrated MintChip at FinovateFall 2016. Earlier this month, the company announced that Liberty Village would serve as a “working lab” for its digital currency. In July, nanoPay added Tracy Molino as general counsel and chief compliance officer and, in June, the company partnered with Ingenico Group to enable merchants to accept MintChip via their Ingenico Group smart terminals.

Finovate Alumni News


Around the web

  • IBS Journal Interviews David Mitchell, NYMBUS president.
  • Startland interviews EyeVerify CEO Toby Rush on hiring plans, global expansion.
  • PayPal and Vodafone partner to facilitate contactless payments in the U.K.
  • GreenKey Technologies begins rollout of new mobile app that will offer hard turrets through existing hardware and infrastructure.
  • nanoPay using Liberty Village as a working lab for its MintChip digital currency.

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.

FinovateFall Sneak Peek: nanoPay

Screen Shot 2016-08-23 at 10.14.15 AM

FF2016-Logo-wdate-largeA look at the companies that will be demoing live to 1,500+ fintech professionals on 8/9 September 2016. Register today.

nanoPay’s MintChip has been developed to offer efficient payment transactions in a variety of channels for developed and emerging markets, bringing all the benefits of cash to the digital age.


  • The core MintChip model is a simple, direct asset-transfer model
  • Payments are immediate and irrevocable, no intermediary
  • Cost and performance can be optimized

Why it’s great
Unlike conventional electronic payment systems, MintChip can operate in both offline and online modes, unreferenced to any trusted party. It provides a low-cost, omnichannel solution for businesses.


Laurence Cooke, CEO and Founder
Cooke is the former COO of Bell Mobility and Bell Distribution Inc. and the former VP wireless for Shaw Communications Inc. He also held positions at Accenture, United Kingdom, focused on high tech and telcos.

Simon Keogh, Chief Marketing Officer NanoPay_simon
Keogh comes to nanoPay from LoyaltyOne where he led new innovation and mobile strategy for their air miles reward program. He has 20+ years’ experience designing and developing award-winning products.