Finovate Alumni News

On Finovate.com

  • FreeAgent Scores $5 Million Line of Credit
  • Patch of Land Earns $23 Million Investment Led by SF Capital Group
  • Finovate Debuts: CashSentinel’s Mobile Escrow Service

Around the web

  • Nine Lives Media ranks ProfitStars’ Gladiator Technology in 6th annual MSPmentor 501 Global Edition.
  • Kreditech brings on Oliver Prill as COO.
  • PYMNTS: Prosper closes out financing round that pushes its valuation to $1.9 billion.
  • PYMNTS interviews Bento CEO and founder Farhan Ahmad. See Bento demo live at FinovateSpring in San Jose.
  • PayPal Makes Acquisition of CyActive Official.
  • TechCrunch: Dashlane’s “Inbox Scan” Tool Uncovers The Passwords You’ve Saved In Your Email.
  • Arxan expands application protection to support all major internet of things (IoT) platforms.
  • Holvi partners with identity-intelligence specialist GBGroup to ensure all customers are verified.
  • Malauzai Software announces 5 community banks to launch SmartwearApps for the Apple Watch.

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.

PayPal Pays $280 Million for Paydiant

PayPal Pays $280 Million for Paydiant

PaydiantPayPal_homepage_May2015

Mobile payments innovator Paydiant has been acquired by PayPal in a deal believed to be worth $280 million. The acquisition, announced in March, closed today.

A specialist in white-label, cloud-based mobile payment, cardless ATM access, and offer-redemption and -loyalty solutions, Paydiant gives merchants, FIs, and processors the ability to provide and run their own mobile solutions under their own brands.

Welcoming Paydiant to the PayPal family in the company blog, PayPal President and CEO Designee Dan Schulman highlighted the role Paydiant played in helping businesses like Capital One and Subway launch mobile payments and rewards programs. Schulman also reminded readers that Paydiant provides the white-label, mobile platform for MCX’s CurrentC mobile wallet, which is supported by many of the largest retailers in the world, including CVS, Exxon, and Walmart.

According to Schulman, the goal of the acquisition is to offer merchants the opportunity to build their own branded wallets. He explained that this “will accelerate mobile-in-store payments … and drive consumer engagement through loyalty, offers, and the prioritization of preferred payment types, such as store-branded credit cards and gift cards.”

Paydiant was founded in 2010 by Chris Gardner and Kevin Laracey. Headquartered in Wellesley, Massachusetts, the company made its Finovate debut at FinovateSpring 2013 in a joint demonstration with FIS.

Finovate Alumni News

On Finovate

  • Dream Payments Raises $6 Million in Funding for mPOS Technology
  • Finovate Debuts: Asseco SEE Brings Real-Time Big Data to Processing to Multichannel Banking
  • EZBOB Raises 3 Million in Private Equity Investment
  • Finovate Debuts: Telenor Banka’s Synergy of Telco and Banking Brings Financial Innovation to Serbia
  • CAN Capital Locks in $650 Million Credit Facility

Around the web

  • Striata acquires Mass Transmit for undisclosed amount.
  • PayPal closes acquisition of Paydiant.
  • Blooom participates in InvestMidwest Venture Capital Forum.
  • ayondo wins “Best Social Trading Program” honors at ADVFN International Financial Awards 2015.
  • Francepertise reviews TransferWise.
  • BioCatch and RippleShot earn 2015 METAwards from the Merchant Risk Council.
  • Tradier sees 35 million+ API calls in March. That’s 47k transactions per hour.

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:

  • Lendio Raises $20 Million in New Funding to Help Finance Small Businesses
  • Motif Investing Partners with Pacific Life to Offer Cause-Based Investing.
  • Bank Innovation’s Coolest Brands of 2015 Features Finovate Alums.
  • Printer Giant Lexmark to Acquire Kofax for $1 Billion.

Around the Web:

  • ShopKeep POS acquires payment processing startup, Payment Revolution.
  • Financial Guard and FutureAdvisor are featured as alternatives in a Bloomberg column on “breaking up with your expensive adviser.”
  • Bank Innovation column on “InsuranceTech” and Fintech 1,000 lists Insuritas.
  • Opentabs integrates with PayPal to power its mobile app order-ahead services.
  • PYMNTS: Monitise takes itself off the market. CEO steps down.
  • Billhighway awarded Silver Stevie Award for Innovation in Customer Service in the Financial Services Industry category. It is the second win for Billhighway since 2013.
  • Dexterity Ventures (Place2Give) bolsters team with new CMO, Product Manager, Developer, and Office Assistant.
  • The FinTech Blog interviews Eli Broverman, Co-Founder and COO of Betterment.
  • Fiserv, TD Bank Group, Intuit, and PayPal rank among Forbes’ list of Americas’ Best employers.
  • SocietyOne appoints former Investec Group chief lending officer, Simon Schwarz, as new COO.
  • Ad Age highlights how BancVue seeks to level the playing field for community banks.
  • Rippleshot joined fellow winners of the Chicago Innovation Awards in ringing the closing bell at the Nasdaq on Monday.
  • BankNXT looks at the rise of marketplace lending platforms including Finovate alums Lending Club and OnDeck.

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

Finovate Alumni News

On Finovate.com:

  • Flint Mobile Opens Up for Developers to Embed In-App Card Payments.
  • PayNearMe Brings Online Cash Payments to ProfitStars’ EPS Smart Pay Express.

Around the web:

  • BECU licenses INETCO Analytics to gain insights from ATM transaction data. See INETCO at FinovateSpring 2015 in San Jose.
  • investUP adds five new equity and P2B crowdfunding sites to its platform.
  • Sibos Innotribe selects semi-finalists: Revolut, Sedicii, Advice Games, and Pendo Systems.
  • PayPal Here now available with Microsoft Surface Pro 3 Online and in Microsoft Store.
  • Jemstep partners with Stronghold Financial to launch Advisor Lead Gen Platform.

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.

Alumni News: March 6, 2015

  • Finovate-F-Logo.jpgAmerican Banker: Qapital the first nonbank in the U.S. to go live with Social Money’s CorePro API.
  • Finovate Debuts: Quantitative Credit Research Helps Lenders Understand Economic Risks.
  • PayPal buys CyActive, an Israeli cyber-security company.
  • Community & Southern Bank to deploy digital banking solutions from Digital Insight.
  • BioCatch launches its new account-fraud-detection solution.
  • Bill.com appoints Sheela Zemlin to SVP of Sales and Customer Success.
  • MasterCard and Microsoft partner to encourage financial inclusion in Mexico.
  • Temenos acquires Multifonds, an international fund administration software provider.
  • SecondMarket among bidders in U.S. government’s third Silk Road bitcoin auction.
  • Listen to Tradier CEO Dan Raju on Money Talk with Jesse Torres.
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: March 5, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCachet Financial Solutions’ mobile money platform to support Check Into Cash’s U.S. Money Prepaid MasterCard.
  • P2P lender Landbay deploys Netverify from Jumio.
  • Blackhawk Network adds exchange functionality to its digital services platform.
  • Azimo celebrates World Money Transfer Day with zero fees promotion.
  • Fenergo enhances its Regulatory Rules Engine technology.
  • FinovateSpring Very Early Bird ticket deadline is tomorrow, March 6. Get your ticket today and save.
  • StockTwits adds support to actively point out evidence of potential stock manipulation.
  • Built in Chicago features Bolstr’s growth and future plans.
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: March 2, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKnox 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.

Alumni News– February 26, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFeedzai releases API updates to its fraud detection technology.
  • Bank of the West adds Snap-to-Pay functionality from Fiserv to its mobile banking app.
  • authenticID partners with Sionic Mobile to bring catfishAir to ION Rewards and ShopGive consumer apps.
  • Azimo expands its online money transfer service to Romania.
  • Fastacash teams up with Visa Europe, enabling P2P payments via social network for users of Visa Direct.
  • Finovate Debuts: InvestUp Launches UK Crowdfunding Supermarket.
  • PYMNTS looks inside MasterCard’s Masters of Code Hackathon.
  • ProfitStars launches EPS SmartPay Express to enable FIs to provide online payment and donation services for business customers.
  • PayPal and eBay prepare for breakup later this year.
  • Boku launches phone-on-file technology to remove friction from online transactions.
  • TransferWise marks US launch with #nothing2hide semi-naked march through New York financial district.
  • Fintech Finance’s video production showcases FinovateEurope 2015 action.
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.

Alumni News– February 19, 2015

  • Finovate-F-Logo.jpgAmerican Banker: Retail Banking Vet Deanna Oppenheimer Joins Tech Vendor Finsphere.
  • American Banker: Federal Payments Website Partners with PayPal, Dwolla.
  • Kantox Surpasses $1 Billion in Foreign Exchange Transfers.
  • Pindrop Security Raises $30 Million.
  • eToro launches its Popular Investment Programme to recognize and reward the network’s top traders.
  • Phroogal reviews Motif Investing.
  • MaxMyInterest brings consolidated tax reporting functionality to its cash optimization platform.
  • Encap Security CEO Thomas Boström Jörgensen and Ping Identity Managing Director EMEA Jason Goode weigh-in on Touch ID banking.
  • Digital Retail Apps featured in Toronto Star’s coverage of Canada’s first financial technology cluster.
  • Azimo launches its money transfer service in China.
  • Finsphere Lands $1.8 Million, Partners with Visa.
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.

Alumni News– January 21, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYour Personal Financial Mentor profiles EZBOB.
  • BrightScope releases AdviceMatch, a free online service to help consumer choose financial advisors.
  • OnDeck Marketplace emerges from pilot program. Platform helps institutional investors buy small business loans.
  • Venture Burn takes a look at Azimo and the West African remittance market.
  • Kreditech named Germany’s leading digital innovator of the year by Focus Magazine.
  • Arroweye Solutions CEO Render Dahiya urges issuers on EMV adoption.
  • Check out FinovateEurope 2015 Sneak Peek: Part 3.
  • Coinbase Raises $75 Million from BBVA, USAA, NYSE, & Others.
  • Millennial-focused BankMobile app is powered by Malauzai Software and uses Mitek to power mobile customer on-boarding.
  • Roostify describes its experience with Yodlee’s FinDat Disruptor program.
  • PayPal to use InComm to support PayPal’s digital gifts services in Canada.
  • Yale Undergraduate selects Wall Street Survivor to help students understand investing and personal finance. 
  • Technical.ly/ Baltimore looks at how TIO Networks powers Baltimore’s online bill pay system.
  • Tradeshift wins Circular Economy Digital Disruptor Award held at the World Economic Forum in Davos, Switzerland.
  • CustomerXPs and EY, a tax advisory firm, partner to help companies deal with fraud.
  • iBillionaire updates mobile app & releases new High Dividend Index.
  • Payment Data Systems to acquire Akimbo for $3 million.
  • Be sure to check out FinovateEurope Sneak Peek #2 featuring AlphaPoint, Avoka, Encap Security, investUP, Nostrum Group, and StreetShares.
  • True Link Raises $3 Million in Round Led by Cambia Health Solutions.
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.

Alumni News– January 14, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPayPal Here to provide Windows support, previews EMV card reader.
  • App Annie raises $55 million in Series D round.
  • Andy Swan of LikeFolio quoted in Yahoo! Finance’s look at Amazon and Walmart.
  • Crowdfund Insider profiles Patch of Land.
  • Insurance Brokers Association of Ontario (IBAO) partners with Silanis to offer e-SignLive to its members.
  • WePay CEO Bill Clerico writes about the relationship between Bitcoin, ApplePay, and mobile payments in 2015.
  • Check out FinovateEurope 2015 Sneak Peek: Part 1.
  • Xero opens Payroll solution to SMBs in California, Florida, and Texas. Plans to be in all 50 states by end of 2015.
  • ShopKeep Pocket app launches with real-time reporting features.
  • Kreditech Acquires Kontomierz for “Seven Digit Amount”.
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.