Finovate Alumni News


  • Interactions Partners with Next Caller for Phone-Based Threat Assessment.
  • BioCatch Brings Behavioral Biometrics to ACI Worldwide.

Around the web

  • Token to support PSD2 compliance and open banking capabilities for U.K.’s thinkmoney.
  • SafeAmericaCU’s switch to AI-powered technology from Bankjoy helps the $433 million asset FI to earn “Best Practices” honors from CU Journal.
  • TransferWise secures £65 million syndicated debt facility with NatWest, JP Morgan, and LHV Bank.
  • iSignthis plans for Australian neobanking license in 2019.
  • PayNearMe’s electronic payment volume grew by more than 25% month-over-month in the past year.
  • Klarna joins Shopify Plus Partner program to power merchants.
  • TrueAccord wins a Healthy Mothers Workplace Award.
  • Passport recognized as one of Charlotte’s fastest growing companies.
  • Launchfire wins gold Brandon Hall Group Excellence in Technology Award.
  • selects Comdata as Virtual Credit Card Provider for B2B Payments.
  • TopTracker partners with Payoneer to allows free payments between companies and freelancers.

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


  • Bento for Business Raises $9 Million in New Funding.
  • Sensory’s Biometric Technology Now Powers Security for 24 Banking Apps.
  • DefenseStorm Selected by NAFCU as Preferred Cloud-Based Cybersecurity Partner

Around the web

  • Coventry Building Society to deploy Temenos T24 core banking platform for savings and mortgage servicing.
  • Finastra partners with Indonesian data center to bring IFRS 9 compliance capabilities to regional and medium-sized FIs in the country.
  • Akamai Technologies named a leader in Web Application Firewalls in The Forrester Wave’s Q2 2018 evaluation.
  • Payoneer partners with the Republic of Estonia’s e-Residency program to make cross-border payments easier for e-residents in India.
  • Twilio introduces a new developer-first, API-first partner program, Twilio Build.
  • Ping Identity forges strategic partnership with enterprise identity governance company, SailPoint Technologies.
  • Coinbase CEO follows Ripple’s lead on philanthropy.
  • Quadient teams with Quertum for software distribution in the Nordics and U.K.

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


  • JPMorgan Chase Signs Deal with Cardlytics.
  • Revolut Introduces New Payment Sharing Feature, Near Me.

Around the web

  • FinTech Breakthrough names Cloud Lending Solutions Best Business Lending Platform.
  • Payoneer announces new investment and support for cross-border U.S. SMEs.
  • eToro to launch cryptocurrency offering in the U.S., initially enabling investors to buy and sell 10 cryptocurrencies.
  • Uniken earns Cool Vendor in Identity and Access Management recognition from Gartner.

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.

3dcart Picks Payoneer for New Cross-Border Payments Partnership

SEO-friendly e-commerce platform 3dcart will leverage technology from Payoneer to “transform” its cross-border paymenst process to merchants around the world. Through the new partnership, 3dcart will rely on the Payoneer platform’s cross-border functionality, prompt payment processing, and flexible payouts to send payments to more than 200 countries in more than 150 currencies.

“Our mission is to empower businesses to grow globally by enabling them to easily and digitally send payments to their payees all over the world,” Scott Galit, Payoneer CEO, explained, “without having to worry about the complexities and regulations of executing cross-border payments. We look forward to working with 3dcart to open up new global opportunities for their business,” Galit said.

Florida-based 3dcart provides order management software, built-in blogging, email marketing tools, more than 100 mobile-ready themes and 24×7 technical support to help retailers and internet marketers drive online traffic and sales to their stores. In choosing Payoneer, the company said it wanted a solution that would make it easier for their merchants to accept payments globally and called Payoneer “an ideal choice.”

“We’re excited to include Payoneer as an integrated payment method in the 3dcart platform, especially because we have sellers all over the world,” 3dcart COO Jimmy Rodriguez said. “Our clients need a reliable, flexible means of accepting international payments, and Payoneer aligns perfectly with that.”

Founded in 2005 and headquartered in New York City, Payoneer began the year with news that it would power local payments for social navigation specialist Waze’s Carpool service. The company, with more than four million users of its solutions, picked up an investment from China Broadband Capital back in December. Last fall, Payoneer was named to the Inc. 5,000 roster of fastest growing private companies in the U.S. In addition to the businesses that use Payoneer’s cross-border payments platform, companies like Airbnb, Amazon, Getty Images, and Google also take advantage of Payoneer’s mass payout services.

Payoneer demonstrated its Commercial Account at FinovateAsia 2013. The account enables businesses and individuals around the world to receive funds from a global network of corporate companies. Account holders can access funds via low cost withdrawals to bank accounts, prepaid debit with instant spending and ATM access, as well as through a transfer to local eWallets in certain locations.


Finovate Alumni News


  • Bambu Goes Global, Launches London Office, Adds Technical Talent.
  • 3dcart Picks Payoneer for New Cross-Border Payments Partnership.

Around the web

  • Thomson Reuters enhances the investment portfolio risk management functionality of its Eikon solution by integrating MSCI’s RiskMetrics technology.
  • Avaloq announces status as founding partner of FinTech Scotland.
  • IdentityMind Global collaborates with digital shopping platform, Fluz Fluz, to boost KYC and AML compliance.
  • CNH Industrial Capital America (CNH) chooses FIS’ asset finance solution to manage its commercial contract and lease portfolio.
  • SuperMoney surpasses $500 million in loan requests processed since launch in April 2017.

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.

Payoneer Partners with Waze to Power Local Payments

Ride-sharing services are one of many new industries that has benefitted from fintech innovation. Now Waze Carpool, a service from social navigation innovator Waze which makes it easier for users who share routes to commute together, announced that it will use technology from cross-border payments specialist, Payoneer, to power local payments.

“Creating a fully mobile and integrated payment solution that would meet their high expectations was a challenge we were excited to take on,” Payoneer CEO Scott Galit said. “Waze’s goal of helping connect local communities through a global network perfectly complements Payoneer’s mission to connect the digital economy. We look forward to helping Waze expand their carpool services to communities all over the world.”

Waze Carpool, currently available in Texas, California, and Israel, is a service offered by the social navigation innovator that differs from the “transport-for-hire” approach of services like Uber and Lyft. Instead, Waze Carpool enables its 90+ million users around the world to connect with each other to find drivers and riders with similar routes and destinations. Riders use the app to pay drivers a rate of up to the federal mileage rate to cover the costs of gas and wear on the vehicle. And Payoneer makes sure that drivers have a simple and flexible way to get paid via their mobile devices.

With the first foray into managing payments, Waze wanted to ensure that transactions would not only be seamless from a user’s perspective, but also would be as secure as possible. “When selecting a payment provider, we need to ensure that they are tightly regulated and that their data protection protocols meet Google’s strictest standards,” Head of Waze Carpool Josh Fried said. Note that Waze was acquired by Google in 2013. “At the same time, it’s crucial that the payment process is convenient, highly localized, and 100% mobile,” Fried added. Waze said in a statement that it plans on expanding the service to other areas “soon.”

Founded in 2005 and headquartered in New York, Payoneer demonstrated its Payoneer Commercial Account offering at FinovateAsia 2013. The company made headlines last month when it picked up an investment from China Broadband Capital that boosted its total funding to more than $270 million. Payoneer partnered with UPS Capital to power the firm’s cross-border, B2B payment service back in August and, also last summer, the company was named to the Inc. 5000 and ranked in CB Insights’ Fintech 250. Also featured on CNBC’s Disruptor 50 for 2017, Payoneer opened a new office in London last summer, saying it saw an “opportunity” in the Brexit decision.

Finovate Alumni News


  • ThreatMetrix Acquired by RELX, Becomes Part of LexisNexis Risk Solutions.
  • figo Announces ‘License As A Service’ PSD2 Solution, RegShield.
  • BehavioSec Closes $17.5 Million Series B.
  • Payoneer Partners with Waze to Power Local Payments.

Around the web

  • Ellie Mae partners with COCC to offer its members access to Ellie Mae’s Encompass all-in-one mortgage management solution.
  • Meniga wins best App and best Web Solution at the Icelandic Web Awards 2017.

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.

Payoneer Lands Funding from China Broadband Capital

Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.

This marks the second China-based investor for Payoneer, which picked up an investment from PingAn in 2014. Scott Galit, CEO of Payoneer, referred to CBC as “one of the most prestigious and respected investors” and noted that the investor’s knowledge of the China market align them very well.

The company, which facilitates mass payouts for businesses looking to transfer money internationally, will use the funds to strengthen its global partner program and to bolster investment in its China operations. Edward Tina, Chairman of CBC said, “Payoneer is positioned better than any other payments company to help Chinese companies grow globally, as well as help non-Chinese companies sell into China.” He added, “Payoneer’s global footprint, banking ecosystem, and proprietary compliance infrastructure will position Payoneer as the preeminent solution to help companies of all sizes grow internationally.”

At FinovateAsia 2013, Payoneer launched a commercial account that offers businesses the ability to receive funds from a global network. Payoneer’s money-transfer solutions enable millions of businesses from more than 200 countries to reach new audiences by facilitating cross-border payments. The technology supports companies such as Newegg, Airbnb, and Fiverr; as well as Amazon, Google, Airbnb, and Getty Images, who use Payoneer’s mass payout services.

Earlier this fall, Payoneer ranked 1,912 on the Inc. 5,000 list, making the company a five-time Inc. 5,000 honoree. In June, Payoneer opened offices in the U.K. to take advantage of the Brexit opportunity, and in March the company earned a spot on CNBC’s Disruptor 50 list.

Finovate Alumni News


  • Revolut Launches Cryptocurrency Trading.
  • CRMNEXT to Enhance Customer Journeys for $4.4 Billion First Bank.
  • Payoneer Lands Funding from China Broadband Capital

Around the web

  • TechCrunch examines IBM’s new chip for AI.
  • and expand Accountant Partner Program.
  • Baker Hill integrates LenderLink into its NextGen solution as part of strategic partnership with Lowenstein and Associates.
  • Roostify announces integration with Black Knight’s LoanSphere Empower loan origination system (LOS).

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.

12 Alums Earn Their Place on Inc. 5000 List

Inc. released its lists of the fastest-growing 5,000 private companies in the U.S. and Europe this week. Eight Finovate alums made the U.S. list and four earned spots on the Europe list. To qualify*, companies were required to be privately-owned and independent.

Inc. 5,000 U.S.

Overall in the U.S., financial services companies saw a 151% growth rate, while IT services experienced 112% growth, security 171% growth, and software grew 134%. Out of the 5,000 companies listed in 28 industries, here are the eight Finovate alums that earned their place on the list:

Alkami Technology

  • Rank: 176
  • 2016 revenue: $11.9 million
  • 3-year growth: 24x
  • Founded: 2009
  • Employees: 192
  • Ranked number 11 in top software companies, number 8 in top Dallas companies, and number 13 in top Texas companies.

Alkami debuted under the name iThryv at FinovateSpring 2009 in San Francisco.


  • Rank: 361
  • 2016 revenue: $26.1 million
  • 3-year growth: 12.2x
  • Founded: 2012
  • Employees: 273
  • Ranked number 24 in top software companies and number 10 in top North Carolina companies.

nCino debuted its bank operating system at FinovateEurope 2017 in London.

Tango Card

  • Rank: 373
  • 2016 revenue: $10.6 million
  • 3-year growth: 11.6x
  • Founded: 2009
  • Employees: 57
  • Ranked number six in top Seattle companies and number six in top Washington companies.

Tango Card debuted its Rewards as a Service API at FinovateFall 2016 in New York.


  • Rank: 449
  • 2016 revenue: $172 million
  • 3-year growth: 9.8x
  • Founded: 2009
  • Employees: 325
  • Ranked number 24 in top financial services companies, number 14 in top Atlanta companies, and number 16 in top Georgia companies.

At FinovateSpring 2015, Kabbage debuted the Kabbage Card. Kathryn Petralia, the company’s President, Chief Operating Officer and Co-Founder, will be featured on our Digital Lending Summit panel on September 13. Register today to save your spot.

Lighter Capital

  • Rank: 634
  • 2016 revenue: $6.4 million
  • 3-year growth: 7.1x
  • Founded: 2010
  • Employees: 36
  • Ranked number 10 in top Seattle companies and number 11 in top Washington companies.

Lighter Capital debuted its Next-Generation Loan Analysis & Monitoring at FinovateFall 2013 in New York.


  • Rank: 771
  • 2016 revenue: $11.4 million
  • 3-year growth: 5.9x
  • Founded: 2012
  • Employees: 59

defi SOLUTIONS showcased its loan origination solution at FinovateSpring 2014.


  • Rank: 1069
  • 2016 revenue: $112.8 million
  • 3-year growth: 4x
  • Founded: 2008
  • Employees: 325

At FinovateFall 2013, Cardlytics showcased its geolocation application.


  • Rank: 1912
  • 2016 revenue: $100 million to $500 million
  • 3-year growth: 2x
  • Founded: 2005
  • Employees: 100 to 249
  • Is a five-time Inc. 5,000 honoree
  • Awarded as a Best Place to Work

Payoneer showcased its Commercial Account at FinovateAsia 2013.

Inc. 5,000 Europe

This is Inc’s third annual ranking of private companies in Europe, based on three-year revenue growth. In its analysis, Inc. ranked Paris, Romania, Sweden, Slovakia, and London as the top five regions with the highest number of fastest growing companies in Europe. Four Finovate alums landed on Inc.’s Europe list this year:

True Potential

  • Rank: 900
  • 2015 revenue: $52.6 million (€44.9 million)
  • 3-year growth: 6.9x
  • Founded 2010
  • Employees: 29

True Potential demonstrated impulseSave at FinovateFall 2014


  • Rank: 909
  • 2015 revenue: $32.9 million (€28.1 million)
  • 3-year growth: 6.9x
  • Founded: 2004
  • Employees: 111

Zopa showcased its P2P lending platform at FinovateSpring 2008.

Fidor Bank AG

  • Rank: 4413
  • 2015 revenue: $35.5 million (€30.3 million)
  • 3-year growth: 2x
  • Employees: 148

At FinovateEurope 2011, Fidor Bank demonstrated its Fidor Pay account.


  • Rank: 4183
  • 2015 revenue: $42.9 million (€36.6 million)
  • 3-year growth: 2.9x
  • Founded: 2001
  • Employees: 522

Truphone showed off Truphone Mobile Recording at FinovateEurope 2014.

*Other qualifying criteria include

  • Have started earning revenue by March 31st, 2013
  • Had revenue no less than $100,000 in 2013
  • Had revenue no less than $2,000,000 in 2016
  • Revenue in 2016 exceeds revenue in 2013