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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on August 13, 2015
Categories: Boku, Cloud Lending, DigitalMailer, Entersekt, Geezeo, Holvi, MicroStrategy, Payoneer, PayPal, ProfitStars, Prosper, Tradeshift, Zooz

On Finovate.com

“Payoneer Pulls in $50 Million”

Around the web

Holvi launches iPhone app.

FIDO Alliance now certifies security products from Entersekt and MicroStrategy.

Prosper updates credit model to PMI 6.

Boku acquires Mobileview Italia, offering it access to all four of the major mobile carriers in Italy.

NAFCU chooses Geezeo as PFM Preferred Partner.

Cloud Lending Solutions unveils CL Originate, its next generation, cloud-based loan-origination platform.

PYMNTS.com takes a look at Tradeshift’s acquisition of Merchantry.

BlackBerry and PayPal team up to beta test P2P payments via BBM in Canada.

Albawaba profiles Zooz and its unique approach to hiring developer talent.

Partnership with DigitalMailer to enable Primadata to provide its clients with the ability to send digital statements.

The Tennessean names ProfitStars a 2015 Top Workplace.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on June 4, 2015
Categories: Arxan Technologies, Dwolla, EyeVerify, Finaeos, Insuritas, Klarna, Lending Club, LendingTree, MiiCard, Mitek, Payoneer, Prosper, Temenos, TransferWise, Xero

On Finovate.com

“Ask Finovate: Who’s Who in Voice Banking Technology?”

Around the web

American Banker talks with miiCard CEO James Varga on how miiCard creates “digital passports” for consumers to prove their identities without oversharing information.

Pymnts considers Mitek’s latest acquisition.

Canandaigua National Bank & Trust hires Insuritas to expand the bank’s existing insurance agency with its omni-channel, insurance-agency platform.

Payoneer expands presence in India.

LendingTree adds Ascend Consumer Finances to its personal loan-lender network.

EyeVerify partners with Olcsan CAD Technology to bring eye-vein biometric technology to Turkey.

StrategyEye interviews Jens Saltin, Klarna’s head of expansion.

The Telegraph’s column on the high cost of bank transfer fees highlights TransferWise.

T24 Islamic core banking solution from Temenos now available as cloud-based service.

Dwolla ditches the quarter, stops charging 25-cent transaction fee.

Arxan extends its application-protection platform to support apps built on Android on Intel Architecture.

Xero reaches 500,000 customers for its cloud accounting service, sets sights on 1-million-customers milestone.

VentureBeat names Prosper, Lending Club, and TransferWise in list of billion-dollar companies.

Finaeos forges partnership with Tata Consulting to help SMBs take advantage of Regulation A+ of the JOBS Act.

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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Finovate Alums Take Gold, Silver and Bronze at PYMNTS Innovation Awards 2015

By David Penn Posted on March 20, 2015
Categories: Bill.com, Bluefin, CashStar, Clover Network, Klarna, Loop, MasterCard, Mint Bills, Moven, On Deck Capital, PayItSimple, Payoneer, PaySimple, Ripple, TSYS, Uncategorized, Venmo, VISA

Sixteen Finovate and FinDEVr alums have been recognized by the PYMNTS Innovation Awards 2015. Three alums, MasterCard , Clover Network and OnDeck took home top honors in their categories, winning gold in “Best New Technology,” “Best POS Innovation,” and “Best Small Business Innovation,” respectively. The rest of the alum field earned silver and bronze in 13 additional categories, including LoopPay, which earned Silver for Best New Technology and a Bronze for “Most Innovative.”

More than 600 companies competed for the awards, with more than 10,000 votes tallied. Finalists were selected by an expert panel, and the top five companies in each category were submitted to the “PYMNTS community” for voting. In addition to the Innovation Awards, the event recognized Phil Tomlinson of TSYS (also a Finovate alum) and Michael Joseph of Safaricom, inducting both into the PYMNTS Hall of Fame. Two women, Carey Kolaja, VP of Global Consumer Products for PayPal and Perse Faily, CEO of Tillster, were also recognized at the event. Apple took home the Innovation Award’s Catalyst Award for what MPD CEO Karen Webster called during the award ceremony, “creating a roadmap for the industry” with its ApplePay innovation.

The full list of winning alums is below. For more information about the Innovation Awards 2015, including the full list of all finalists, visit their page here.

Gold

First Data Featuring Clover Mobile
MasterCard – Best New Technology
OnDeck – Best Small Business Innovation

Silver

Bluefin – Best POS Innovation
CashStar – Best Prepaid Innovation
LoopPay – Best New Technology
Moven – Best Debit Innovation
Payoneer – Best B2B Innovation
Ripple – Most Disruptive
Venmo – Best Cash Innovation

Bronze

Bill.com – Best Check Innovation
LoopPay – Most Innovative
Klarna – Most Distruptive
Mint Bills – The NACHA Best Innovation in ACH
PayItSimple – Best Credit Innovation
PaySimple – Best Small Business Innovation
Visa Checkout – Best Comeback Story

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Finovate Alumni News: March 2, 2015

By David Penn Posted on March 2, 2015
Categories: ACI Worldwide, Authentify, CurrencyFair, FinanceIt, Fiserv, Google Cloud Platform, Motif Investing, Payoneer, PayPal, SigFig, TransferWise

Knox 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.

Medium.com 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.

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Alumni News– January 7, 2015

By David Penn Posted on January 7, 2015
Categories: Algomi, ayondo, Backbase, Betterment, Coinbase, Dwolla, Green Dot, Kabbage, Larky, LendingTree, Payoneer, SigFig, Toshl, Wealthfront

Green Dot boosts CTO Kuan Archer to Chief Operating Officer.

Algomi announces Jesper Bruun-Olsen as new head of Asia-Pacific operations.

LendingTree parent company, Tree, to change corporate name back to LendingTree.

New York Daily News coverage of financial advisor, Nicole Lapin, references Toshl Finance.

European CEO publishes an extended feature on ayondo.

American Banker considers how Larky offers geolocation-based offer services to community banks.

KissMyAds partners with Payoneer to receive funds through Payoneer MasterCard.

ABC News features Betterment and Wealthfront to help investments.

AboutThatRatio names Dwolla, Wealthfront and Kabbage as 3 fintech companies to watch.

How Backbase Engage Upgrades Banks’ Digital Channels.

Coinbase redesigns iOS and Android wallet apps.

SigFig Starts 2015 with New Mobile Features, Refreshed Look.

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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Alumni News– August 7, 2014

By Julie Muhn (@julieschicktanz) Posted on August 7, 2014
Categories: Blackhawk Network, Green Dot, Payoneer, Spreedly, TSYS

TSYS to license payment transaction processing platform to Metrobank Card Corporation in the Philippines.

Payoneer partners with Gosocet to bring cross-border e-invoicing capabilities to Latin American businesses.

American Banker interviews Green Dot CEO, Steve Streit, on the relationship between fraud and reload cards.

PYMNTS column on what to expect in the 2nd half of 2014 features thoughts from Justin Benson, CEO of Spreedly, and Teri Llach, CMO of Blackhawk Network.

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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Alumni News– August 7, 2014

By David Penn Posted on August 7, 2014
Categories: Blackhawk Network, Green Dot, Payoneer, Spreedly, TSYS

TSYS to license payment transaction processing platform to Metrobank Card Corporation in the Philippines.

Payoneer partners with Gosocet to bring cross-border e-invoicing capabilities to Latin American businesses.

American Banker interviews Green Dot CEO, Steve Streit, on the relationship between fraud and reload cards.

PYMNTS column on what to expect in the 2nd half of 2014 features thoughts from Justin Benson, CEO of Spreedly, and Teri Llach, CMO of Blackhawk Network.

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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Alumni News– June 17, 2014

By Julie Muhn (@julieschicktanz) Posted on June 17, 2014
Categories: BillGuard, CurrencyTransfer, D3 Banking, DeviceFidelity, eToro, Ignite Sales, Payoneer, Seeking Alpha, TipRanks, Top Image Systems, Zooz

Top Image Systems launches eFLOW Signature Verification.

Cisco blog takes a look at the company’s partnership with Ignite Sales.

Device Fidelity announces first combined module of wireless charging and NFC on iOS.

D3 Banking partners with Blackstone Technology to help banks convert to the D3 Banking omnichannel platform.

Currency Transfer covers top Israel-based fintech startups: eToro, Seeking Alpha, Zooz, BillGuard, TipRanks, and Payoneer.

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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Finovate Alums Raise $600 Million in First Quarter of 2014

By David Penn Posted on April 2, 2014
Categories: Azimo, BankBazaar, Birdback, CAN Capital, Credit Karma, Doxo, Kantox, Kapitall, Kensho, Klarna, On Deck Capital, PayNearMe, Payoneer, peerTransfer, Realty Mogul, Red Zebra, SmartAsset, SocietyOne, Spreedly, ThreatMetrix, Tradeshift, ZenPayroll, Zopa

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.

Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million.

But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.

Total raised = More than $592 million

January — $91 million raised by seven companies

BankBazaar: $13 million — blog post
CAN Capital: $33 million — blog post
doxo: $3.5 million — blog post
Kensho: $10 million — blog post
peerTransfer: $6 million — blog post
Spreedly: $500,000 — blog post
Zopa: £15 million ($24.7 million) — blog post

February — $139 million raised by seven companies

Birdback: $2.4 million — blog post
Kantox: $8.9 million — blog post
Kapitall: $13 million — blog post
PayNearMe: $20 million — blog post
Red Zebra Analytics: undisclosed — blog post
Tradeshift: $75 million — blog post
ZenPayroll: $20 million — blog post

March — $362 million raised by nine companies

Azimo: $10 million — blog post
Credit Karma: $85 million — blog post
Klarna: $125.3 million — blog post
OnDeck: $77 million — blog post
Payoneer: $25 million — blog post
Realty Mogul: $9 million — blog post
Smart Asset: $5.2 million — blog post
SocietyOne: $5 million — blog post
ThreatMetrix: $20 million — blog post

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

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Payoneer Wins Role as Payments Provider for Google Trusted Stores

By David Penn Posted on March 21, 2014
Categories: Payoneer

Fresh off its announcement of a $25 million series D, global payments company Payoneer reports that it was chosen by Google to be a payments provider for Google Trusted Stores Program.

Scott Galit, Payoneer CEO, said, “Payoneer provides a seamless, automated payment process that meets Google’s high standards for technology, security and service.”

The Google Trusted Stores program is designed to help consumers find trustworthy merchants when shopping online. Payoneer’s job will be to provide the bank transfer services, and deliver the program’s purchase protection consumer payments in some of the countries where the program operates.

Said Galit, “This exciting new program increases sales for merchants and builds confidence for consumers when making online purchases.”

Payoneer’s global payout platform is used by companies in more than 200 countries around the world. In addition to enabling seamless, cross-border sending and receiving of funds, Payoneer also features a variety of payout options, ranging from bank transfers to prepaid debit cards.

Founded in 2005 and headquartered in New York, Payoneer demoed its technology last fall as part of FinovateAsia 2013. See the company’s presentation here.

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Finovate Alumni News– March 21, 2014

By David Penn Posted on March 21, 2014
Categories: App Annie, MasterCard, MiiCard, PayNearMe, Payoneer, PayPal, Ping Identity, Q2ebanking

TechCrunch features an interview with App Annie CEO, Bertrand Schmitt.

MasterCard announces MasterPass debut in China.

Q2 goes public, shares rally early in trading debut as company earns $533 million market cap.

miiCard working with eMerchantPay to offer merchants a more secure payment processing platform.

PayNearMe partners with self-storage management software E-SoftSys to enable users to accept cash payments online.

PayPal to let UK users order food ahead of visiting a restaurant, and use its app to pay for their food with a four-digit code when eating at a restaurant.

Venture Beat: Ping Identity acquires Accells Technologies.

Payoneer wins role as payments provider for Google Trusted 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.

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Payoneer Lands $25 Million Series D Funding Round Led by Susquehanna Growth Equity

By Julie Muhn (@julieschicktanz) Posted on March 6, 2014
Categories: Funding, Payoneer

Cross border payments company, Payoneer, whose aim it is to simplify global commerce, announced yesterday that it received a $25 million boost.

The funding round was led by new investor Susquehanna Growth Equity. Existing investors also contributed:

Carmel Ventures
Greylock IL
Vintage Venture Partners

The New York-based company plans to use the funds to:

Accelerate its product roadmap
Expand into new verticals and markets
Increase sales and marketing investments
More actively pursue acquisitions

Prior to this round, Payoneer received $8 million in Series B, $4 million in Series A, and $2 million in Seed funding. Combined, this brings the company’s total funding to $39 million.

Check out Payoneer’s live demo video from FinovateAsia 2013.

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