2015: A Year in Finovate Alumni Mergers and Acquisitions

Handshake_graphic

2015 was another big year for mergers and acquisitions in the fintech industry. And whether they were the acquirer or the acquired, Finovate alums were very much a part of the M&A action.

Because terms of many deals were undisclosed, it is difficult to get a precise number on how much money was spent acquiring some of fintech’s most promising startups this year. But looking just at those acquisitions for which figures were available, we can see that 2015 was a banner year in M&A (more than $7 billion) — and that’s just counting alums.

So from the $5 billion deal between FIS and Sungard to the “alum-acquires-alum” mergers of September 2015, let’s take a closer look at some of the major unions of the year that featured Finovate alums.


December


October


September


August


July


May


April


March


February


January


If you’re a Finovate alum whose merger we’ve missed or acquisition we’ve overlooked, let us know. Send us an email at research@finovate.com.

Alumni News– January 29, 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.jpgTinkoff Bank to deploy fraud prevention solution from Iris Analytics.
  • EagleBank implements EnAct client management and sales software from Fiserv.
  • KDnuggets interviews Anthony Bak, principal data scientist for Ayasdi.
  • Red Zebra Analytics brings its card-linked offers service to Germany.
  • Ripple Labs raises $30 million in Series A round.
  • CNBC Tech Check interviews Tradeshift CEO Christian Lanng.
  • Computer Business Review features Venmo and Flint Mobile in its list of “5 mobile apps to turn your wallet digital.
  • Datamonitor analyst describes why he’s looking forward to watching Advice Games’ demo at FinovateEurope 2015.
  • Simple now works on BillGuard.
  • Google Cloud Platform now available to VMware customers.
  • TechCrunch explores Coinbase’s recently launched U.S. exchange.
  • Cachet Financial Solutions integrates with Apple Pay.
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.

Red Zebra Analytics Brings its Card-Linked Offers Service to Germany

Thumbnail image for Thumbnail image for RedZebraLogo.jpg

Courtesy of a five-year extension of its partnership with Red Zebra Analytics, cash-back offers are coming to customers of Germany’s Wüstenrot Bank.

“We bring together consumers, banks, and retailers, with highly targeted rewards based on spending patterns,” explained Red Zebra Analytics CEO Attul Sehgal. 

“With our innovative card-link loyalty programme, banks build a closer relationship with their customers by personalizing the services and cash-back offers according to individual preferences.”
RedZebraAnalytics_homepage_new.jpg
Red Zebra notes that its card-link offers service is the “first of its kind in Germany and second in Europe.” Without relying on vouchers or coupons, the service automatically presents customers with offers when they log into their online bank or credit card accounts. Customers choose the offers they want, and those offers are activated when the customer purchases the item or service using their bank debit or credit card. Discount are granted as cash payments on a monthly basis.
Red Zebra’s technology takes advantage of real-time data to enable the kind of targeted campaigns that will better engage and retain customers. Consumers benefit from increased savings on the debit and credit cards they are already using.
RedZebra_FEU14_stage.jpg
(Above, left to right: Ina Meixner, Marketing Manager, Europe; Attul Sehgal, CEO at FinovateEurope 2014)

The Wüstenrot Bank launch is the product of a collaboration that began in June 2013, and was piloted in Stuttgart and Ludwigsburg.
Founded in 2011 and headquartered in London, Red Zebra Analytics demoed its 3D OFFERS loyalty program at FinovateEurope 2014. It was around that time that the company earned a “seven-figure investment” from SBT Venture Capital, widely believed to be in the area of $8 million. 
We talked with Red Zebra Analytics CEO Attul Sehgal last week about the company’s 2014 as well as the year ahead.

Finovate Alums Raise $600 Million in First Quarter of 2014

FinovateFundingIMG.jpg

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
February — $139 million raised by seven companies
March — $362 million raised by nine companies

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

Red Zebra Analytics’ Bank Offers Tool Benefits Consumers, Merchants, and Retail Banks

Thumbnail image for RedZebraLogo.jpg

This post is part of our live coverage of FinovateEurope 2014.

Demoing their Bank Offers Tool, here is the team from Red Zebra Analytics.

“Red Zebra Analytics is a company that has created a new type of loyalty program. An online and mobile offers platform for banks, it allows merchants to place targeted offers on the online banking experience, also accessible through mobile devices. The product is first launched in 2014 with Wuestenrot Bank AG Pfandbriefbank, Ludwigsburg, Germany.”
Presenting Attul Sehgal (CEO) and Ina Meixner (Marketing Manager, Europe)

IMG_3786.JPG
IMG_3789.JPG
Product Launch: January 2014
Metrics: Money raised: £1.6 million, employees: 10
Product distribution strategy: Through financial institutions
HQ: London, UK
Founded: August 2011

Red Zebra Analytics Announces Seven-Figure Investment from SBT Venture Capital

Thumbnail image for RedZebraLogo.jpg

Sometimes innovation in loyalty program development is its own reward.

London-based Red Zebra Analytics announced that it has picked up a “seven-figure” investment from SBT Venture Capital. The specific amount of the venture round was not disclosed. But the figure is believed to be under five million pounds (approximately $8M USD). The capital also represents the first significant funding for the loyalty program specialist.

RedZebra_homepage.jpg

A self-described “offers generation and delivery company” Red Zebra Analytics provides technology that analyzes bank transaction data in order to provide highly-targeted offers. Consumers review and select personalized offers from a “rewards hub” inside their bank’s online banking environment via the channel of their choice. And once accepted, taking advantage of offers is as simple as paying with that bank’s credit or debit card – no vouchers and no codes necessary.
According to Red Zebra CEO, Attul Sehgal, the new capital will help the company grow its sales and marketing initiatives. The technology already has been deployed in Germany, as well as in Southeast Asia.
Founded in August 2011, Red Zebra Analytics demoed its technology as part of FinovateAsia 2013, and will be on stage as part of the show at FinovateEurope 2014 next week. For info on how to see Red Zebra live in London, click here.

Red Zebra Analytics Presents its Analytics Engine to Boost Customer Engagement

RedZebraLogo.jpg

This post is part of our live coverage of FinovateAsia 2013.

The first presentation of FinovateAsia 2013 is about to begin. Red Zebra Analytics are coming to the stage right now to demo the Red Zebra Analytics Engine.

“Suitable for any banking system, the Red Zebra Analytics platform is secure, fast, flexible and highly cost efficient. It maps consumer purchase behavior in detail, yet keeps the data entirely safe, with no individual customer identification ever leaving the bank. Retailers pay to upload campaigns via a simple interface while state-of-the-art predictive analytics deliver the right offer to the right customer at the right time and through the right channel. And for bank customers, it’s a way to save money on things they actually want.”
Presenting Manuel Ho (COO) and Nell Omar (MD)

IMG_3184.JPG
Product Launch: May 2012
Product distribution strategy: Direct to Business (B2B) & through financial institutions

HQ: London, United Kingdom
Founded: August 2011

FinovateAsia 2013 Demo Companies Bring Global Innovation to Singapore

FinovateAsia is typically our most globally diverse show, and this year is no different. Two weeks from now, we will showcase 37 demos from companies spanning the globe that are innovating in everything from remittance to small business tools to back office solutions and much more. 

Given that diversity, we thought it would be fun put together a map showing the geographic spread of the demoing companies that will take the stage (click the map to enlarge).

finovate_asia13map_PRESSUPDATED.jpg

Here’s the breakdown of the number of companies from each region:

  • Asia: 12
  • Europe: 11
  • North America: 9
  • Africa: 1
  • Oceania: 2
  • Middle East: 2

To refresh your memory, the list of the companies that we’ve hand-picked to show off their new technology at the Max Atria @ Singapore Expo on November 14, include:

  • Advanced Merchant Payments
  • App Annie
  • Arkalogic
  • ArthaYantra
  • Backbase
  • BehavioSec
  • BlueKite
  • BRIDGEi2i
  • CustomerXPs Software
  • DragonWealth
  • GMC Software Technologies
  • i-exceed
  • IND Group
  • Intuition Intelligence
  • KlickEx
  • Kofax
  • LifePAD
  • Luminous
  • Mambu
  • Matchi
  • Mistral Mobile
  • Mobexo
  • Mobino
  • Pangea
  • Payoneer
  • Pixeliris
  • Red Zebra
  • SaaS Markets
  • Serverside
  • Smart Engine
  • TIBCO
  • Tootpay
  • TradeNet
  • TSYS
  • White Label Personal Clouds
  • Yodlee

To see live demos of the new technology, meet the entrepreneurs responsible, and network with others in the industry, get your ticket to FinovateAsia here. If you have questions about the show, check out who is attending or email asia@finovate.com.

Showing Our Age: A Look at FinovateAsia 2013 Demo Company Launch Timeline

At Finovate, we’ve seen how great innovation comes from companies of all ages. All we have to do is look at the Best of Show winners from FinovateAsia 2012. The founding dates of the winners ranged from 1858 (NAB, the parent company of UBank) to 2012 (SocietyOne).

We don’t know who will win Best of Show at FinovateAsia in Singapore this year, but looking at the launch date of the 37 companies taking the stage November 14, we found a 28-year spread. 

Here they are in reverse chronological order with funding amounts, if disclosed:

2013- 2012
  • BlueKite: 2013
    Total Funding: $1.5 million Seed funding
2011-2008
  • KlickEx: 2011
    Total Funding: $1.3 million
  • Mambu: 2011
    Total Funding: $2 million Series A

2007 or earlier
  • Yodlee: 1999
    Total Funding: $124 million
  • BehavioSec: 1998
    Total Funding: $2 million (€1.5 million)
  • Kofax: 1985
    Public LON: KFX

To learn more about each of these companies, check them out here and come see their live demos in Singapore on November 14.

_______________________________________________________________

All numbers and funding information sourced from Crunchbase.com

What to Expect at FinovateAsia this November

FAButtonBanner.jpg

You may have seen the list of FinovateAsia demoing companies we released a few weeks ago. Here are more details on the 32 companies demoing November 14 at the MAX Atria @ Singapore Expo. Get your ticket here to be part of the crowd.

Stay tuned for our Sneak Peek series next month featuring a behind-the-scenes look at each company and chance meet the innovators.


AdMerchPaymntsLogo.jpg




Advanced Merchant Payments’ innovative loan management solution enables banks to offer profitable, unsecured, short-term loans to small businesses
ArthaYantraLogo.jpg



ArthaYantra provides personal financial advice online to everyone irrespective of what they earn
BackbaseLogo.jpg



Backbase brings social media to the bank, and the bank to social media
behavioseclogo2013.jpg





BehavioSec has extended its award-winning BehavioMobile solutions to offer policy-based behaviour authentication

BellaDatiLogo2013.jpg










BellaDati is the agile business data analysis with human touch
BlueKiteLogo.jpg





BlueKite’s international bill payment service improves an immigrants’ ability to care for family back home
surveyi2iLogo.jpg




BRIDGEi2i is a trusted partner that enables organizations to achieve accelerated outcomes by embedding analytics in their DNA
CustomerxpsLogo.jpg



CustomerXPs Software is a leading product company offering real-time, Enterprise Fraud Management & CEM products to banks globally
GMCLogo.jpg





GMC Software Technology is a leading software developer of solutions that transform the customer experience
iexceedLogo.jpg






i-exceed has created a Unified Application Development Suite for smartphone, tablets, desktops and laptops across operating systems
INDGroupLogo.jpg







IND Group is a leading innovator and developer of digital banking, PFM and payments technology
IntuitionIntelligenceLogo.jpg






Intuition Intelligence delivers the right offer at the right moment to the right client via digital channels
KlickExLogo.jpg



KlickEx is a Global Clearing System for commercial and central banks. The Clearing System extends to Retail, as well
KofaxLogo.jpg




Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interaction
LuminousLogo.jpg





Luminous is a boutique innovation company that has become synonymous with innovative banking around the world
MambuLogo.jpg



Mambu enables financial institutions to rapidly deliver state-of-the-art banking services through a cloud-first Software-as-a-Service solution
MatchiLogo.jpg





Matchi is a matchmaker for innovation
mistral_250x94.jpg






Mistral Mobile powers your mobile financial services to serve anyone
MobexoLogo.jpg








Mobexo is a scalable, value-added payment ecosystem that allows transactions to be executed between smartphones
MobinoLogo.jpg






Mobino enables mobile payments for 5 billion people, from any phone, no credit card required
Pangealogolowres.jpg




Pangea Payments’ multiplatform solution will allow you to send money to anyone, from anywhere, at any time, using mobile and retail locations around the world
RedZebraLogo.jpg



Red Zebra brings together consumers, banks and retailers, with targeted rewards based on spending patterns


SaasMarketsLogo.jpg





SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers
Serverside13Logo.jpg





Serverside Group is the global technology leader in digital card designs and a provider of innovative artwork solutions that create meaningful results

SinoLendingLogo.jpg





SinoLending is the leading online lending platform in China
SmartEngineLogo.jpg




Smart Engine’s Multichannel Loyalty Platform benefits financial institutions, merchants, web shops and users
TibcoLogo2.jpg




TIBCO Software creates real-time, event-enabled solutions for the 21st Century
TooTpayLogo.jpg









Tootpay’s mobile payment solution works independently from network and operator. It is encrypted, using a standard mobile phone
TradenetLogosmall.jpg




TradeNet provides an equity trading customer channel for retail customers in emerging markets at $5 a month
TSYSLogo.jpg





TSYS focuses on people-centered payments
WLPCloudLogo.jpg





White Label Personal Clouds’ Website Welcomer eliminates username/passwords and enables seamless, private transfer of information between organisations

YodleeLogo2012.jpg



Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data
To learn more about FinovateAsia, visit the event page, check out the FAQ, or email asia@finovate.com.