Finovate Alumni News

Around the web

  • Digital Finance Institute features Ethoca, Financeit, Flybits, Horizn, On Deck Canada, Salt Edge, Sensibill, and TickSmith in its look at the top fintech companies in Canada in 2019.
  • AdviceRobo launches new pan-European PSD2 categorization and default prediction API for lenders, CatRobo.
  • Thomson Reuters purchases regtech collaboration platform, HighQ.

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.

Canada’s Sensibill Closes $31.5 Million Series B

Toronto-based fintech, Sensibill, has raised $31.5 million in a Series B funding round led by Radical Ventures, reports Jane Connolly of Fintech Futures (Finovate’s sister publication).

Previous investors Information Venture Partners and First Ascent Ventures joined National Bank of Canada and others in the round.

This latest round takes the total raised to $46.5 million for Sensibill, which provides receipt management for mobile banking apps. Sensibill will use the funds to advance its AI-assisted decisioning and pursue its mission of unlocking the value of purchase data.

The company aims to offer contextual advice to users and says it is working with over 30 major banks in the U.S., U.K. and Canada – including Bank of Nova Scotia, Royal Bank of Scotland Group and FIS.

“We’re helping champion the future of work,” said Corey Gross, co-founder and CEO of Sensibill. “That means supporting small business owners, freelancers and entrepreneurs – they’re the fastest growing segment and the most underserved by banks.”

He added: “What we’re trying to do at Sensibill is bridge the gap between what banks are good at today, and where they need to be in five or ten years to protect their relationships from disruption. Tools beyond core banking, an incredible customer experience and meaningful customer insights for banks – that’s what we bring to the table.”

Jordan Jacobs, co-founder and managing partner at Radical Ventures, commented: “This is a classic story of an under-the-radar company from Toronto with fantastic data-driven, customer-facing AI solutions being used by a who’s who of global Tier 1 banks.”

Since its last funding round, Sensibill has more than doubled its workforce and opened a U.K. office.

Sensibill demonstrated its Receipts for Microbusinesses solution at FinovateEurope 2018 – in partnership with NatWest. Founded in 2013, the company was featured last month in Startup Here Toronto and this spring announced that it was chosen to participate in the incoming cohort of startups for Plug and Play’s Fintech Europe accelerator program.

Finovate Alumni News


Around the web

  • Startup Here Toronto features Sensibill.
  • Paysend announces expanding network and latest funding round.
  • Tinkoff announces the launch of Tinkoff Capital management company.
  • Entrust Datacard completes acquisition of nCipher Security.

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.

Nordigen, Sensibill Earn Spots in Fintech Europe’s Incoming Cohort

A pair of Finovate alums – including a Best of Show winner – are among the nine companies chosen to participate in the incoming group of startups for Plug and Play’s Fintech Europe. Nordigen, which made its Finovate debut at FinovateFall last year, and Sensibill, which won Best of Show in its FinovateFall debut in 2017, will join the fintech accelerator’s 12 week program.

“This batch has a strong focus on AI and Machine Learning,” Program Director  Fernando Zornig said, “with startups in their seed stage all the way to Series C.” Also participating in the upcoming class are: Bankify, Digital Shadows, E-bot7, Fino Digital, Labest, Precire, and Spin Analytics.

The nine startups in the incoming cohort, Fintech Europe’s third, were selected from more than 214 applicants. The program will give startups the opportunity to meet and work with Plug and Play’s corporate partners, as well as examine pilot projects and potential business and investment opportunities. “We are very excited with this new class of companies that are bringing a new atmosphere to the corporate ecosystem,” Zornig said. “They will get connected with financial institutions from all over the Euro-Zone and beyond.”

Fintech Europe also announced that its partner base had expanded to nine financial institutions: Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, Aareal Bank, Abanca, Danske Bank, DZ Bank, and Elo.

Nordigen demonstrated its Nordigen Report at FinovateFall 2018. The Report gives banks and lenders more information about applicants with little credit history, and supports verification of any current liabilities or “red flags” like previous debt collection. The solution also gives lenders new predictive features for credit risk modeling. Founded in 2016 and headquartered in Riga, Latvia, the company returned to the Finovate stage earlier this year.

Last month, Nordigen was featured in EU Startups’ article, 10 Latvian startups to look out for in 2019. The company raised $800,000 in new funding last fall.

Sensibill was founded in 2013 and is based in Toronto, Ontario, Canada. The company demonstrated its Insights+ technology, which helps FIs spot revenue opportunities from on- and off-card purchase data, at FinovateFall 2017, earning a Best of Show award. Named to KPMG and H2 Venture’s Fintech 100’s Emerging Stars, Sensibill since then has announced partnerships with NatWest, Quontic Bank, and Royal Bank of Scotland.

Finovate Alumni News


  • Nordigen, Sensibill Earn Spots in Fintech Europe’s Incoming Cohort.
  • Jumio Unveils Automated AML Screening Solution.
  • Community Access from Urban FT Brings Digital Tools to Small Banks.

Around the web

  • PayPal teams up with JP Morgan Chase to offer instant transfer option.
  • Coinbase’s Custody service completes its first over-the-counter trade directly from offline storage.
  • HackerOne announces detecting vulnerabilities in up to 43 digital asset projects.
  • Ping Identity wins the DeveloperWeek 2019 Devies Award and the Info Security Global Excellence Award.
  • The Paypers interviews Modo CEO and founder Bruce Parker.

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


  • New Investment Helps Power Canadian Expansion for Financial Data Platform Quovo.

Around the web

  • HTC Global Services joins Quadient Partner Advantage Program.
  • Token Granted FCA Authorisation For Open Banking Payment & Information Services.
  • Erste Bank Hungary Readies for Immediate Payments and Open Banking Era with ACI Worldwide.
  • NICE’s Cognitive Robotic Automation Platform allows Amazon Lex’s conversational chatbot to fulfill more customer requests in real-time.
  • Salt Edge supports Account Information Services flows authorized under PSD2 Third Party Providers.
  • Sensibill powers receipt management for Quontic Bank.
  • Digital Onboarding to enhance Belmont Savings Bank’s customer engagement by increasing new checking account activation rates.

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


  • TransUnion to Acquire Callcredit for $1.4 Billion.
  • Mortgagetech Company Mr. Cooper Appoints Tony Ebers as COO. Come check out Mr. Cooper’s live demo at FinovateSpring next month.

Around the web

  • Fiserv announces partnership with Mexican credit union cooperative, Siscoop.
  • Customers Bank ($10 billion in assets) chooses core banking platform from FIS.
  • La Voz de Galicia profiles Spanish mobile banking startup, Fintonic (in Spanish).
  • Ovum names OutSystems a Market Leader in for Enterprise Mobile Application Development platforms.
  • TransUnion to acquire Callcredit in deal valued at £1 billion ($1.4 billion).
  • Ovum names Kony a leader in mobile app development platforms.
  • Cardlytics Chief Legal Officer named Atlanta Business Chronicle’s Corporate Counsel of the Year.
  • Uniken CEO recognized as a top 100 Most Innovative Business Leader.

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.

FinovateEurope Sneak Peek: Sensibill and NatWest

A look at the companies demoing live at FinovateEurope on the 6 through 9 of March 2018 in London. Pick up your tickets today and save your spot.

Sensibill and NatWest are transforming banking services for small businesses, offering a powerful tool for NatWest’s SME customers to manage their expenses and gain control of their finances.


  • Capture paper and digital receipts within NatWest’s mobile banking app
  • Receive automatic transaction matching for the receipts
  • Leverage the export feature for expense reports and taxes

Why it’s great
NatWest’s solution powered by Sensibill helps SMEs manage their receipts so they can spend more time focusing on what they love and do best – running their business.


Wincie Wong, Digital Propositions Lead, Personal & Business Banking
Wong runs the digital propositions team at NatWest to identify, define and implement the strategic digital experiences of the future for personal and small business customers.

Robert Fillmore, Vice President & General Manager, EMEA
Fillmore is a sales and operations leader with two decades of experience in scaling up the EMEA operations of North American telecoms and fintechs, leading to successful exits with IBM and Oracle.

Jan-Lukas Wolf, Senior Manager
Part of Sensibill’s marketing team, Wolf is a financial services professional with years of experience spanning strategic planning, business development, product delivery and risk governance.

KPMG, H2 Ventures Unveil Fintech 100 for 2017

It’s that time of the year once again: KPMG and H2 Ventures have teamed up to introduce their Leading Global Fintech Innovators roster, the Fintech 100 for 2017. The judges for this year’s Fintech 100 included more than 20 professionals from KPMG and other organizations with expertise in IT, data analytics, capital markets, financial services, and more.

This year 11 Finovate/FinDEVr alums made the Leading 50, with another 12 alums making the Emerging 50. New entrants to the KPMG/H2 Ventures roster include SoFi and Revolut among the Leading 50. All 12 the alums on the Emerging 50 are making their first appearance. See the full list.

Some of the highlights from the 2017 Fintech 100 include the observation that five of the roster’s top 10 companies are from China, as are the top three companies on the list: Ant Financial, ZhongAn, and Qudian (Qufenqi). The U.S. has a pair of companies in the top five: Oscar and Avant, and Europe and the U.K. each have one company in the top ten: Kreditech and Atom Bank, respectively.

Speaking of Asia, the Asia-Pacific region has 30 fintech companies in the top 100. The United States has 19 companies – the most from any single country – and the U.K. and EMEA areas have 41 companies in the list. The U.K. and EMEA region are also responsible for the highest number of companies on KPMG/H2 Ventures’ Emerging 50 list with 26.

With regard to sectors within fintech, the Fintech 100 breaks down as follows:

  • 32 lending companies
  • 21 payments companies
  • 14 transaction and capital markets companies
  • 12 insurance/insurtech companies
  • 7 wealth management/wealthtech companies
  • 6 cybersecurity/regtech companies
  • 4 blockchain/digital currency companies
  • 3 data and analytics companies

Alums from the Leading 50

Alums from the Emerging Stars

Sensibill Brings Receipt Management to Royal Bank of Scotland’s Business Banking Customers


Royal Bank of Scotland will add receipt management services to its mobile banking app courtesy of a new partnership with FinovateFall Best of Show winner Sensibill. The service will be made available to RBS’s business banking customers in January 2018, giving iOS and Android users alike the ability to scan physical receipts with their mobile device. Small business owners benefit from a streamlined process that reconciles scanned receipts with card transactions, tracks and categorizes spending, and builds reports for invoicing and accounting.

“Every time a customer uses a competing solution to solve their financial pain, customer loyalty erodes,” Sensibill CEO and co-founder Corey Gross warned. He pointed to new challenges from the rise of open banking and innovative fintechs, adding “there has never been a more critical time for banks to invest in their customers and invest in services that will retain them.”

Left to right: Sensibill’s Jamie Alexander (CTO and Co-Founder) and Corey Gross (CEO and Co-Founder) demonstrating Pulse at FinovateFall 2017.

“No bank can expect to thrive without listening to the evolving needs of customers,” added Marcelino Castrillo, MD of business banking at NatWest/Royal Bank of Scotland, “and by partnering with Sensibill, we’re offering proactive help and best-in-class innovation for free.”

Sensibill’s white-label solution makes it easy to capture, track, and manage e-commerce and paper receipts. Users designate whether or not the purchase is personal or business, and use folders and notes to provide context as to what the purchase is for. From there, Sensibill’s technology extracts key purchase data from the receipt. “Not only do we extract (the) merchant name, date, and total, we decipher all of the 150+ unique data points that can be found on receipts, down to the item and SKU-level details,” Gross explained. “Simply put, nobody is better at structuring receipt data than Sensibill.”

Founded in 2013 and headquartered in Toronto, Ontario, Canada, Sensibill demonstrated its Pulse solution at FinovateFall 2017, winning Best of Show. Pulse provides financial institutions with the customer insights they need in order to become and remain top-of-wallet. Built on Sensibill’s item-level data, Pulse helps FIs spot new revenue opportunities, target incentives, and develop targeted prospect lists for in-app campaigns.

Sensibill has raised more than $18 million in funding. The company has 62 employees in the United States and Canada. Earlier this year, Sensibill – in partnership with Scotiabank – won the Best of FinXTech Award for its eReceipts solution.