Finovate Alumni News


  • Larky Launches at Three New Credit Unions.
  • London’s Revolut Unveils Version 2.0 of its Personal Money Cloud

Around the web

  • Fifth Third Bancorp to deploy AML solutions from NICE Systems’ Actimize.
  • interviews Kashoo Communications lead Dave Clarke on cloud accounting.
  • Baxter Credit Union ($2.4 billion) chooses ORB platform from Alkami Technology.
  • Roundup of Australia fintech startups features Avoka. See Avoka at FinovateEurope 2016 in London.
  • Encap releases version 3.1 of its mobile authentication and security platform.
  • First Data’s Clover launches Clover Go mobile POS dongle.
  • Coinbase introduces price alert push notifications on iOS and Android.
  • In 2015, Kasasa sees 45% growth in clients, now counts 779 signed community FIs.

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

Around the web

  • mBank partners with PayU to bring mTransfer Mobile to Poland.
  • WS Integration awarded Little British Battler status by Techmarketview.
  • BizEquity named one of the ‘Best Entrepreneurial Companies in America’ by Entrepreneur magazine’s Entrepreneur 360 Awards.
  • Bluepoint Solutions partners with Gro Solutions for mobile account opening.
  • Germany-based vaamo now enables customers to open accounts online.
  • Irish Mirror features Revolut among 8 startups “you need to know about” at the Web Summit in Dublin.
  • Forbes takes a look at how Dwolla is bringing real-time payment technology to CME Group.
  • BNY Mellon’s Leda Glyptis lists Heckyl Technologies among her personal favorite startups.

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 Alums Earn Top Honors at U.K. Emerging Payments Awards

Three Finovate/FinDEVr alums won top honors at the Emerging Payments Awards in London, United Kingdom, earlier this month.

HyperwalletLogoHyperwallet won in the “Best Corporate/Government Payments Programme” division with its Paylution Global Disbursements Program. In a statement, CEO Brent Warrington highlighted the scalability and flexibility of the Hyperwallet platform, and reported that more than five million independent workers are currently using the technology. Hyperwallet demonstrated its RESTful API and embedded payout widget at FinDEVr 2015 in San Francisco in October.

Revolut_logo_high-resIn partnership with Optimal Payments, Revolut won the “Best Emerging Payments Startup” category. Optimal Payments and Revolut teamed up back in July to launch a multi-currency MasterCard and mobile app that helps travelers take advantage of the best exchange rates available. Revolut made its Finovate debut this year at FinovateEurope 2015 in London.

Clover_logoClover Mobile won “Best Payment Technological Innovation” for its Future-Proof mPOS. Clover Mobile was launched in the fall of 2014, a year after Clover was acquired by First Data. Clover made its Finovate appearance at FinovateSpring 2012 in San Francisco.

The other four Finovate/FinDEVr alums that made it to the finals were:

The event’s overall Industry Contributor Award went to IrisGuard for its EyeBank Iris Recognition electronic payment platform. The platform has been deployed to help bring “sustainable financial inclusion” to those in the Syrian refugee program. As of June 2015, the program had enrolled more than 1.6 million refugees.

Now in its eighth year, the Emerging Payments Awards help recognize creative and business talent in the payments industry. The Awards are run by the Emerging Payments Association, which has also provided the Prepaid Awards since 2006. The Association said that this year’s Emerging Payments Awards was its largest event to date.

If you’re in the United Kingdom and love fintech, then make sure FinovateEurope 2016 is on your calendar. Our two-day conference returns to London, February 9 and 10, 2016.





Finovate Alumni News


Around the web

  • Yodlee’s startup incubator contributes to “Startup Fever.”
  • Revolut, Sedicii, SizeUp, & Token named Innotribe Startup finalists.
  • TIS signs deal to process school exams in Chile.
  • Trustly appoints Jonas Palmquist as chief financial officer.
  • features PsychSignal and Market Prophit in a discussion on market signals and social media.
  • Dwolla launches its white-label service to make it easier for FIs to use its FiSync transfer platform.
  • Segmint launches new marketing solution, Segmint Reach.
  • RetailWeek features TradeShift as startup of the week.
  • Lending Club celebrates surpassing $11 billion in loans.

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.

Revolut Launches to Public, Announces $2.3 Million in Funding


Today, Revolut is publicly launching its money-remittance platform and multicurrency card that lets users spend and exchange money at interbank rates in real-time. The London-based company is also announcing $2.3 million of new funding from a Venture Round led by Balderton Capital, with participation from SeedCamp.

This brings the startup’s total funding to $2.8 million.


Revolut’s multicurrency card and mobile-remittance platform eliminate the middlemen to enable users to exchange money in real time, and at a better rate than they would otherwise receive at a traditional bank. The service is aimed at travelers and remittance customers, who transfer money using the free app, SMS, Whatsapp, and social media channels.RevolutCard

The Revolut card is free, and can be used at any location MasterCard is accepted. When swiped, the card automatically converts into the local currency at the best interbank rate.

On top of all this, no ATM fees are associated with the Revolut card. And in case the card is lost or stolen, the mobile app has a remote card-blocking feature that lets users cancel the card.

While the app is available to users across the globe, the card distribution is limited to Europe (though users can make purchases globally).

What’s next? The Revolut card will soon enable customers to pay at a brick-and-mortar shops using bitcoin.

Revolut debuted its multicurrency card and remittance platform at FinovateEurope 2015 in London. Check out its live demo video.

Finovate Alumni News


  • “Dashlane Integrates Samsung Biometric Technology in Android App Upgrade”
  • “Revolut Launches to Public, Announces $2.3 Million in Funding”

Around the web

  • PYMNTS looks at OnDeck’s record-breaking quarter.
  • Red Herring names Kabbage a Top 100 Private Company.
  • Geezeo to power BankMobile’s PFM.
  • Alpha Payments Cloud using Snapcard to enable AlphaHub users to accept Bitcoin payments.
  • PrivatBank to offer remittance services courtesy of TransferWise.
  • StockViews earns a spot in the 2015 Startupbootcamp FinTech London cohort.
  • ING Bank Slaski launches ING Business for Apple Watch app powered by Comarch Mobile Banking.
  • Caltech Letter interviews Financeit CEO Michael Garrity.
  • The Indian Express profiles the biometric authentication technology of EyeVerify.
  • Aragon Research names eSignLive by Silanis Technology as a “Hot Vendor” in digital transaction management (DTM).
  • peerTransfer petitions Chinese government to open office in Shanghai.
  • The Independent looks at the IPO plans of Fenergo in light of the company’s recent funding.
  • Investment News highlights Vanguard, Wealthfront, and Betterment in a look at how much money is being managed by robo-advisors.
  • Spreedly surpasses $1 billion in annual payment volume. Come see Spreedly at FinDEVr, 6/7 October in San Francisco.
  • Expensify integrates with Workato to connect it with more than 50 business apps.
  • CheckPoint’s ZoneAlarm Launches Windows 10 Compatible Antivirus Software for Consumers.
  • The Mifos Initiative joins The Open Source Initiative, a global nonprofit that promotes and protects open source software, development and communities. Check out Mifos at FinDEVr 2015 in San Francisco, 6/7 October.
  • Stuart Frankel of Narrative Science earns a spot on Crain’s Chicago Business Tech 50.
  • USA Today column on personal finance for millennials features Kai Stinchcombe, CEO and co-founder of True Link.
  • Business Insider includes Lending Club and Coinbase in its list of the seven hottest startups in Silicon Valley.
  • Blooom and Future Advisor are profiled in a Forbes column on making the most out of your 401(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.

SizeUp, Token, and Pendo Systems Win at Innotribe 2015 New York


Three Finovate alums, SizeUp, Token, and Pendo Systems won in their respective categories at the Innotribe 2015 New York showcase today in Manhattan. The three will join fellow New York showcase winners, Payfirma and Hyperledger—and 15 other finalists from showcases in London, Singapore, and Capetown—at the final competition at the Sibos conference in Singapore in October 2015.

Fresh off their Finovate debuts this spring, SizeUp and Token competed in the early-stage startups category. This category includes companies less than three years old or have less than $1 million in combined revenue and investment in the past 12 months.

Based in San Francisco, SizeUp provides companies with the business intelligence and market research they need to make better use of their data. In its first appearance at FinovateSpring 2015 in San Jose, SizeUp demonstrated a version of its platform geared specifically for financial institutions, SizeUp FI.

Also making its debut at FinovateSpring 2015, Token has developed a payments ecosystem that helps banks and billers meet regulatory, business, and consumer demand for faster, real-time payments and better security. The company was founded in January 2015 and is based in Palo Alto, California. Steve Kirsch is CEO and founder.

Pendo Systems won in the growth-stage startups category, representing companies more than three years old or have more than $1 million in combined revenue and investment in the past 12 months. Founded in 2007 and based in New Jersey, Pendo Systems demoed its cross-vertical, global investment-accounting cloud-solution, BasisPoint, at FinovateAsia 2012.

Also competing at the Finale in October are Finovate alums Revolut and Sedicii, finalists from the 2015 London showcase.

The Innotribe Startup Challenge was launched by SWIFT in 2011 as a way to promote technological innovation in the financial services industry. The challenge features regional showcases around the world that provide opportunities for emerging fintech startups to network with banks, venture capitalists, and decision-makers in financial services.

Finovate Alumni News


  • SigFig Brings on New Advisory Board Members and $1 Million in Funding
  • Alt-Lender EZBOB Deepens Pockets by $46 Million

Around the web

  • InvestorCentral looks at market simulators and trading with Kapitall.
  • Alaska Air picks FIS as its partner for upcoming strategic payment initiatives including EMV.
  • Delicious Nutritious chooses globalVCard Spend Secure for its business payments.
  • Kiplinger highlights Motif Investing among “brokers that pay you to open an account.”
  • GMC Software Technology to provide GMC Inspire to Mail Handling Services.
  • Personal Capital launches app for the Apple Watch.
  • ReadyForZero interviews Michael Carvin, CEO of SmartAsset. Check out SmartAsset’s new technology at FinovateSpring.
  • Revolut and Sedicii win finalist spots in the Innotribe Startup Challenge.
  • American Banker features bitcoin exchange itBit. Watch itBit’s live demo at FinovateSpring.
  • TechCrunch: Infosys to acquire Kallidus for $120 million.
  • A look at “billion dollar” British startups at features TransferWise.

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


  • 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.

Revolut Presents its Personal Money Cloud Removes All Hidden Banking Costs

Revolut_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Our next presenter is Revolut, with its personal money cloud.
Revolut allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card accepted anywhere. All is done with the touch of a button, through a beautiful mobile application. There are features that will blow your mind. Just one example: the ability to pay with bitcoins in any shop through the Revolut multi-currency card. And there are several others.
Presenters: Nikolay Storonsky, CEO & founder, and Vlad Yatsenko, CTO
Product launch: January 2014
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, thorugh other fintech companies and platforms
HQ: London, United Kingdom
Metrics: We have ~6,000 users pre-subscribed for our beta launch, and have arranged nine deals with big-name companies (including MasterCard) for product implementation

FinovateEurope 2015 Sneak Peek: Part 6

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February is only a few days away, which means that the first Finovate conference of the year – FinovateEurope 2015 – is almost here. We are well on our way to surpassing last year’s record crowd of 1,000. So don’t delay, get your tickets to join us in London on February 10 and 11. 
We’ve just revealed the official list of presenters to help whet your appetite for what some of fintech’s most innovative companies will demonstrate live on stage.
Today’s installment of our FinovateEurope 2015 Sneak Peek series features Bitbond, Revolut, Smart e-Money, TiViTz, TransferTo, and Wipro.
Previous installments of our Sneak Peek series are below:


Bitbond is a global peer-to-peer bitcoin lending platform. Get access to affordable loans and profitable savings from all around the world.
With Bitbond AutoInvest:
  • Build a loan portfolio automatically
  • Define regions and risk categories to invest in
  • Re-invest received loan repayments
Why it’s great
Bitbond AutoInvest creates a portfolio of profitable loans for you at 0% fees according to your preferences.


Radoslav Albrecht, Co-founder and CEO
Background in economics. Prior to founding Bitbond, Albrecht was Senior Consultant at Roland Berger Strategy Consultants. Previously with Deutsche Bank London in structured equity.

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Robert Nasiadek, Co-founder and CTO
Programmer since childhood. Before joining Bitbond, Nasiadek started the Ruby on Rails development company, El Passion. Board advisor at


Revolut is a personal money cloud allowing you to avoid all hidden banking costs.
You can exchange currencies at interbank rates, send them through social networks and spend with a multicurrency card acceptable anywhere.
Why it’s great
Revolut – Personal Money Cloud


Nikolay Storonsky, CEO
Storonsky has eight years experience in financial services (trading). Most recently he worked for Credit Suisse and Lehman Brothers.


Vlad Yatsenko, CTO
Yatsenko has 12 years experience in developing IT projects in major financial institutions including Credit Suisse, UBS, and Deustche Bank.


Smart e-Money’s LockByMobile is an anti-fraud security solution which allows you to lock and unlock your cards in real-time using your mobile phone.
  • Provides an extra layer of security for your added peace of mind
  • Easy-to-use interface to lock/unlock your cards with a simple swipe of the finger
  • Customizable lock settings and built-in alerts
Why it’s great
Feel secure when using your card locally or even abroad. With LockByMobile, you have the power to prevent fraud from happening.


Angelito Villanueva, VP & Head of Innovation
With over 20 years experience, Villanueva is the lead in unlocking the huge potential of e-money by introducing digital payments innovations for financial inclusion including building a dynamic ecosystem.


Guillaume Danielou, Senior Product Manager
With 12 years experience in IT Development/Consulting/Product Development, Danielou has experience working throughout the entire product development life cycle process in international environments.


TiViTz College $avings Game-a-thon is a fully automated, easy-to-use, market-disrupting, patent-pending, activity-based fundraising tool for children’s college savings.
  • Complements existing financial savings vehicles
  • Creates new college savings accounts and relationships
  • Provides a marketing tool for consumer and business banking
Why it’s great
The Game-a-thon provides families with a solution to afford higher education by significantly increasing children’s savings, while improving their math skills and financial literacy.


Siobhan Mullen, CEO
Former aerospace executive, Special Advisor to the NASA Administrator, and experienced high-tech entrepreneur in launch services, satellite communications and data distribution.


Stephen Scully, President


TransferTo’s Value Remittance service is an innovative and unique remittance solution that enables migrants to determine how the funds they send are allocated.
Value Remittance provides direct payment of services such as electricity, mobile airtime, and education, while providing a new revenue stream for financial institutions and MTOs.
Why it’s great
Value remittance allows senders to know exactly how their money is being spent and provides the receiver with instant access to the selected service.


Eric Barbier, CEO
As founder and Chief Executive Officer, Barbier oversees the strategic direction of the company as well as manages the relationships with many of TransferTo’s customers and partners.


Charles Damen, EVP Global Business Development
Damen is responsible for the development of new services, strategic partnerships, and the growth of global accounts with over 18 years of experience in telecommunications, Internet, and payments.


Wipro ngGenie Smart Banking Assistant provides the “next generation banking experience” for customers. It helps by providing you with right information at the right place.
A personalized, contextual, next generation user experience for banking customers that can result in reduced costs of serving customers and an increased cross sell / up sell opportunities.
Why it’s great
Wipro myAdvisor helps in day-to-day transactions and acts as your personal financial advisor.


Mukund Kalmanker, General Manager
Kalmanker is a general manager at CTO office and has a rich background in the banking domain. He had earlier handled the banking business for Wipro under the Analytics and Information Management domain.

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Sudhakar Babu Tamminedi, Practice Head
Tamminedi has over 15 years of experience in Consumer and Enterprise Mobility applications across industries. He has provided end-to-end mobility solutions form conceptualization to deployment.

Pick up your tickets for FinovateEurope 2015 today! Want more info? Visit our FAQ page.