Passport

Finovate Alumni News

By David Penn Posted on
Categories: Betterment, Bizfi, FinanceIt, Green Dot, InComm, Passport, SigFig, SocietyOne, Temenos, ThetaRay, Tuition.io, Wealthfront, Zighra

On Finovate.com

  • Behavioral Biometrics Startup Zighra Lands $1 Million in Seed Funding
  • Tuition.io Appoints Former Yahoo CEO Scott Thompson as New CEO

Around the web

  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • ThetaRay earns recognition from CIO Review as a top 20 financial services provider for 2016.
  • Financeit reports a doubling of its business since acquiring the home improvement financing assets of TD Bank.
  • Green Dot teams with WalMart to encourage Americans to build savings.
  • Bizfi expands its business lending capabilities through a new partnership with InterNex Capital.
  • OnWallStreet recommends advisers keep their eyes on Wealthfront’s Andy Rachleff; SigFig’s Mike Sha; and Betterment’s Jon Stein.
  • Passport acquires Arizona-based mobile parking payment startup ParkX.
  • P2P lender SocietyOne facilitates $126 million in loans in 2016, finishing a record-breaking year.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.

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.

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Passport Raises $8 Million in Series B

Passport Raises $8 Million in Series B
By David Penn Posted on
Categories: Passport

Passport_homepage_June2016

Here’s a funding from one of our more interesting alums that slipped below the radar last month: mobile payment innovator Passport has raised $8 million in new funding. The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. The new investment takes Passport’s total funding to $17 million.

Passport CEO Bob Youakim said that the capital infusion would help speed the company’s growth and expansion both in the United States and around the world, as well as enable Passport to add talent to the team. “Our enterprise platform is striking a chord with the market as they look to bring technology into their operations and drive efficiency.” Youakim said. Bret Maxwell, MK Capital managing general partner, called Passport “the clear market leader on many fronts” and praised the company’s “cutting edge platform, expanding revenue growth, and … strong industry partnerships.”

Passport_stage_FEU2016

Passport CEO Bob Youakim and CBDO Khristian Gutierrez demonstrated their mobile payment for transit solution at FinovateEurope 2016 in London.

Passport specializes in providing mobile payment solutions for transportation-related businesses, including parking and transit management. The company’s products include mobile parking-payment and public transportation ticketing technology, digital permits, gateway services for merchants, and integrations to help parking companies more efficiently monitor operations and collect revenue. Passport’s technology is being used in major metropolitan areas in North America such as Chicago, Toronto, Portland, and Salt Lake City.

Founded in 2010 and headquartered in Charlotte, North Carolina, Passport demonstrated its mobile payment for transit solution at FinovateEurope 2016. The company announced earlier this month that the Village of Orland Park had launched its new Passport-powered mobile parking-payment system. And in May, Passport partnered with the Southwest Ohio Regional Transit Authority to develop a mobile ticketing app for buses and streetcars. Also in May, Passport hired former Core Consulting Group CTO Mike Hulthen as its new VP of Engineering.

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Finovate Alumni News

By David Penn Posted on
Categories: AlphaPoint, Azimo, Clover Network, DAVO Technologies, FIS, ForwardLane, Kony, NCR Corporation, OurCrowd, Passport, SafetyPay, Xero

On Finovate.com

  • Passport Raises $8 Million in Series B.
  • OurCrowd Wins Red Herring Awards; Announces Partnerships with Bayer, DuPont.

Around the web

  • NCR releases updated version of its transactions processing solution, Authentic.
  • Major update to Xero’s online invoicing technology to help businesses avoid phishing scams.
  • TimeTrade brings its Banking by Appointment functionality to FIS’ mobile banking app.
  • Clover selects DAVO’s Sales Tax App as first app featured on its new blog.
  • ForwardLane and AlphaPoint selected to participate in Accenture’s Fintech Innovation Lab.
  • ENGIE to leverage Kony’s enterprise-mobility platform.
  • SafetyPay increases its volume of transactions paid in cash by 86% compared to last 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.

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FinovateEurope Sneak Peek: Passport

FinovateEurope Sneak Peek: Passport
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2016, FinovateEurope 2016 Sneak Peek, Passport

PassportHeader

FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

PassportLogo

Passport is an urban mobility platform helping cities improve their transportation options. The company will be demonstrating its multimodal plan, track, and pay mobile application.

Features:

  • Trip planning to improve navigation
  • Transit tracking to better understand the urban ecosystem
  • Mobile ticketing to make transit riding more convenient

Why it’s great
Passport’s enterprise platform empowers cities to transform mobility through innovative mobile applications, providing secure platforms to better manage their system and easy-to-use apps for riders.

PassportPresenter1Presenters

Khristian Gutierrez, CBDO
Gutierrez is the CBDO at Passport and a former investment banker. He earned his master’s of science in finance from the graduate school of business at the University of Florida, along with his bachelor’s degree in business administration.
LinkedIn

 

PassportPresenter2Bob Youakim, CEO
Youakim is the CEO at Passport and former VP in investment banking. He earned an MBA from Northwestern University Kellogg School of Management and his bachelor’s of science from the University of Illinois.
LinkedIn

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Finovate Alumni News

By David Penn Posted on
Categories: Capitalise, Cloud Lending, DAVO Technologies, Fiserv, Green Dot, HotDocs, Klarna, Ledger, meetinvest AG, Nexmo, Passport, PaySend, PaySwag, Pindrop Security, Scalable Capital, Tactile Finance, Twilio

On Finovate.com

  • “Mark Shifke Named Green Dot CFO After Interim Term”
  • “PaySwag Helps Cloud Lending Solutions Go Mobile”
  • “Finovate Debuts: DAVO Automates Sales Tax”

Around the web

  • Utah Community Credit Union chooses DNA(R) account platform from Fiserv.
  • TechEU interviews Sebastian Siemiatkowski, Klarna CEO.
  • Tactile Finance CEO Nicole Hamilton earns spot in The Inman Group’s Top 101 innovators.
  • VentureBeat names Twilio as 1 of 36 tech companies that could go public in 2016.
  • Bankless Times: Pindrop can tell you who is really on the phone.

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.

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