FinovateFall 2025 Sneak Peek Series: Part 7

A look at the companies demoing at FinovateFall in New York on September 8 – 10. Register today using this link and save 20%.

Conductiv

Conductiv helps lenders find more good loans, approve them faster, and grow portfolios safely using AI and permissioned data orchestration.

Features

  • Prevents fraud
  • Identifies charge offs before they happen
  • Finds new good loans hidden within existing loan applications

Who’s it for?

Banks and credit unions that make retail, SMB, and commercial loans.

Dimply

Dimply is an intuitive AI experience engine for builders in financial services to create, own, and evolve customer experiences, turning any data into personalized experiences, ready to embed instantly.

Features

  • Allow teams closest to customers to own the experience
  • Bring APIs in real-time to orchestrate data
  • Deliver personalized journeys inside existing apps and sites

Who’s it for?

Banks, credit unions, insurers, pension providers, wealth managers, and other financial services providers.

ID-Pal

ID-Pal’s ID-Detect is an additional layer of verification applied to every submission that accurately detects the most common type of AI document fraud, like synthetic IDs and portrait swaps.

Features

  • Confirms presence of physical, real ID vs. deepfake
  • Detects AI-manipulated IDs instantly and removes risk of fraud
  • Delivers seamless onboarding of real users and reduces false-positives

Who’s it for?

Credit unions, community banks, payment providers, wealth management firms, fund admins, merchant acquirers, and financial service providers.

Kaaj AI

Kaaj AI agents turn messy small business loan packages into clear, holistic risk assessments in just three minutes, helping lenders close ten times more loans.

Features

  • Delivers an end-to-end small business loan assessment in three minutes
  • Provides holistic credit and fraud risk insights with ready-to-review credit memos
  • Offers AI agents for loan officers, sales, and credit teams that unlock ten times more loans

Who’s it for?

Banks, credit unions, and small business lenders.

Payfinia

Payfinia’s composable QR payment service, built with Matera, allows FIs to deliver secure, instant QR code payments across FedNow, RTP, ACH, and digital asset platforms.

Features

  • Delivers instant, secure bank-to-bank payments via QR codes
  • Works across FedNow, RTP, ACH, or digital assets
  • Ensures safe, real-time transactions with native fraud controls

Who’s it for?

Credit unions, community banks, digital banking platform providers, and fintechs.

Scamnetic

Scamnetic offers cutting-edge, globally patented AI solutions that detect, prevent, and stop scams in real time, protecting identities and communications everywhere.

Features

  • KnowScam 2.0: Provides real-time scam detection across multiple channels
  • IDEveryone™: Delivers instant identity verification to prevent impersonation
  • Enhanced AI: Uses deepfake detection with actionable insights

Who’s it for?

Banks, credit unions, payment providers, fintechs, SMBs, and individuals.

Vertice AI

Vertice AI empowers community FIs with predictive analytics that transform data into actionable insights, driving smarter, measurable growth.

Features

  • Delivers AI-powered insights for precise customer targeting, boosting acquisition and cross-selling
  • Provides automated, personalized campaigns that maximize engagement
  • Offers scalable, compliant marketing content creation

Who’s it for?

Credit unions and community banks of all sizes.

Six Alums Raised More Than $16 Million in Q3 2024

Six Alums Raised More Than $16 Million in Q3 2024

According to market intelligence platform Tracxn, funding for U.S.-based tech companies in Q3 of this year fell, both in comparison to the previous quarter as well as when compared to Q3 2023. Tracxn also reported that the number of tech unicorns actually increased this year compared to last year, with 13 new unicorns acknowledged in Q3 2024 compared to just five in Q3 2023. And while the report took this as a positive sign that “investor sentiment is stable,” there are other indications that the much-anticipated return to more robust funding trends for tech companies in general, and fintechs in particular, has yet to arrive.

Laura Bock, partner at QED Investors, was quoted in The Financial Brand back in January saying that “53% of fintechs will be cash out by Q3 2024 if they do not raise or exit.” We have a few more days before some of the research firms begin producing their Q3 reports on fintech funding, but clearly expectations are low.

Looking at our own Finovate alum funding for Q3 2024, we see plenty of evidence of the funding drought. In terms of the number of alums that reported receiving funding, as well as the amounts invested, Q3 alum funding for this year is as low as it has been in quite some time.

Previous quarterly comparisons

  • Q3 2023: More than $293 million raised by eight alums
  • Q3 2022: More than $1 billion raised by eight alums
  • Q3 2021: More than $1.1 billion raised by 14 alums
  • Q3 2020: More than $1.2 billion raised by 21 alums

Top equity investments

The top equity investment for Finovate alums in Q3 2024 was the $9 million raised by Illuma Labs. Headquartered in Plano, Texas, and founded in 2016, Illuma Labs debuted at FinovateSpring 2019 and has been a staple of our Spring and Fall conferences ever since. The company won Best of Show at FinovateFall in September for a demo of its Illuma Shield real-time voice authentication solution, now equipped with the latest deepfake detection technology to help prevent account takeover fraud.

Also noteworthy were the fundraisings from two brand-new alums: Dotfile, a regtech based in Paris, France, which debuted at FinovateEurope in February; and Scamnetic, an AI-powered anti-fraud solution provider that first appeared on the Finovate stage at FinovateFall in New York last month.


Here is our detailed alumni funding report for Q3 2024.

July 2024: An undisclosed amount raised by one alum

August: More than $1.3 million raised by two alums

September: More than $15 million raised by three alums

If you are a Finovate alum that raised money in the third quarter of 2024 and do not see your company listed, please drop us a note at [email protected]. We would love to share the good news! Funding received prior to becoming an alum not included.


Photo by Kindel Media

FinovateFall 2024 Sneak Peek Series: Part 2

A look at the companies demoing at FinovateFall in New York on September 9 and 10. Register today using this link and save 20%.

ComplyCo

ComplyCo offers the visibility and control needed to effectively oversee digital environments, leveraging end-user session recordings to support monitoring and observability for non-technical teams.

Features

  • Provides investigative controls for an organization’s digital environments
  • Includes population-based monitoring
  • Offers version control and effective testing

Who’s it for?

Financial institutions offering products of their own or through partnerships with fintechs in a digital environment.

FinTech Insights

FinTech Insights is an AI-powered competitive analysis platform for banks and fintechs. By analyzing digital banking offerings, FinTech Insights enables faster UX research, product releases, and innovation.

Features

FinTech Insights GPT allows users to:

  • Receive actual and actionable insights in seconds
  • Streamline product research processes from months to minutes
  • Make faster, bullet-proof decisions with accuracy

Who’s it for?

High-street banks, credit unions, community banks, regional banks, challenger banks, fintechs, and digital banking providers.

Quavo Fraud & Disputes

Quavo Fraud & Disputes is the leading provider of innovative dispute management solutions for issuing financial organizations. Launch is an all-new offering of their proven dispute management system.

Features

  • Requires zero onboarding time for immediate use
  • Offers an affordable base product that scales with FIs
  • Fully compliant with regulatory and network standards
  • Delivers highly automated dispute management systems

Who’s it for?

Banks, fintechs, processors, and credit unions of all sizes, and any organizations subject to regulation E/Z dispute resolution or serving institutions subject to it.

Scamnetic

Scamnetic’s everyday solution helps consumers detect every type of scam in real-time, removing human error from the equation. Their patented, AI technology can be easily integrated into enterprise platforms.

Features

  • Scan&Score™: Auto or quick scan with real time message validation
  • IDeveryone™: C2C authentication and verification before payment
  • ScamIntervention™: Proactive call center support pre-or-post scam

Who’s it for?

Banks, credit unions, payment providers, small-to-medium sized businesses helping their customers, members, and employees stay safe, especially from scams using their name.

Setuply

Setuply is an AI-powered client onboarding and lifecycle management platform for B2B solution providers purpose-built to accelerate revenue recognition and profitability.

Features

  • Delivers real-time insight into the revenue at stake to prioritize work
  • Offers scalable and repeatable onboarding processes
  • Increases client engagement and collaboration

Who’s it for?

B2B service and implementation providers.

Telesign

Telesign delivers their 2024 Fraud Protection Insights with PowerBI.

Features

  • Learnings from Telesign, the DI and Communications Security leader Proof of Concept data
  • Delivers 2024 fraud vector insights
  • Over 200 investigations analyzed since September 2023

Who’s it for?

Banks, credit unions, fintechs, and e-commerce SMB and enterprise businesses.

Vine Financial

Vine Financial is a cutting-edge commercial lending platform that is highly configurable and supports the entire loan lifecycle. With AI, it automates everyday tasks that tie up employee time.

Features

  • Offers AI-assisted document import, financial analysis, and document generation
  • Includes extensive configuration capability to support each FI’s workflows
  • Eliminates the need for an expensive third-party CRM

Who’s it for?

Banks, credit unions, private lenders, venture capitalists, private equity, and any other industries requiring financial analysis and due diligence.