Finovate Alumni News


  • Signifyd Unveils Chargeback Solution for Online Merchants.
  • Tink to Support Payment Initiation, PFM for Lunar Way.

Around the web

  • Jumio wins trio of honors at 2019 InfoSec Awards: Market Leader in Compliance, Best Product in Biometrics, and Best Product in Fraud Prevention.
  • Tradeshift and Basware end takeover talk.
  • Veridium teams up with Blue Turtle Technologies to drive deployment of biometric technology in Africa.
  • TickSmith launches new transaction cost analysis (TCA) solution.

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


  • Pindrop Advances into Smart Devices with $90 Million in Funding.

Around the web

  • iSignThis begins accepting customer deposits to its own issued International Bank Account Numbers (IBANs).
  • Personal Capital moves headquarters to Redwood Shores.
  • Signifyd opens EMEA headquarters in London to support its ecommerce fraud protection business in Europe.
  • Juvo expands across Asia with regional headquarters in Singapore.
  • Ondot announces new digital card services platform to support U.K. banks.
  • Lighter Capital provides NinjaCat $1.1 million.
  • R3’s new Corda App supports Ripple’s XRP.
  • Upserve (formerly Swipely) releases newest point-of-sale device, Upserve POS, now available for Android.

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.

Signifyd Takes in $100 Million in Series D Funding

Ecommerce fraud protection provider Signifyd has more than doubled its financing total with a new round of funding today. The company just closed a $100 million Series D round, bringing its total to $187 million.

Leading the round is Premji Invest, with participation from existing investors Bain Capital Ventures, Menlo Ventures, American Express Ventures, IA Ventures, Allegis Cyber, and Resolute Ventures. Signifyd will use the new capital to grow its retail customers.

“Premji invests in private companies with all the necessary ingredients to become thriving stand-alone public companies,” said Sandesh Patnam, lead partner at Premji Invest. He added that his firm is impressed with Signifyd’s growth, company culture, and the breadth of its customers. “More than that,” Patnam continued, “it comes down to the high quality of Signifyd’s innovation and technology. It couldn’t be clearer that guaranteed fraud protection is reaching mainstream adoption, and Signifyd is leading this space.”

Founded in 2011, Signifyd offers fraud protection for ecommerce merchants using technology that leverages machine learning algorithms, user behavior, and data science to identify fraudulent orders. Signifyd reduces merchant chargebacks on fraudulent charges, as well as saves companies money on shipping declined orders. In one case study, the company helped a major retailer realize a return on investment of 3.8 times over three years. Signifyd currently serves 10,000 retailers across the globe including top brands such as, Helly Hansen, iRobot, Jet, Lacoste, and Wayfair.

Signifyd demoed its chargeback mitigation solution at FinovateSpring 2013. Last month, the company opened its first European office in Spain following a partnership with Magento in February. Signifyd has been named on the Forbes FinTech 50 and was listed among Bloomberg’s 50 Most Promising Startups. Additionally, it has been named a top place to work by Entrepreneur, Inc. Magazine, San Francisco Business Times, and the Silicon Valley Business Journal.

Finovate Alumni News


  • Tradeshift Raises $250 Million in Round Led By Goldman Sachs.
  • VASCO Rebrands as OneSpan to Focus on Secure Onboarding.
  • Signifyd Takes in $100 Million in Series D Funding.

Around the web

  • Compass Plus announces new partnership with Payhuddle Solutions in Asia Pacific.
  • FICO to help Raiffeisen Bank accelerate digital transformation.
  • Fidor appoints Adam Woolford as Chief Information Officer.

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.

Signifyd Partners with Corra to Provide Guaranteed Fraud Protection to E-commerce Merchants

Fraud prevention specialist Signifyd announced a strategic partnership with e-commerce website designer Corra that will bring guaranteed fraud prevention technology to Corra’s high-end enterprise retail customers.

“Corra embraces the same deep commitment to merchants that Signifyd does,” Lee Hadsock, head of partnerships for Signifyd, said. “We believe in doing what needs to be done to ensure that merchants are successful – and to provide fraud-protection services, technology and tools that mean they don’t have to be distracted by issues and operations that are outside the core of their businesses.”

The partnership, announced at the eTail West conference, will give Corra clients both full financial protection from fraud costs, as well as the technology merchants need to establish the legitimacy of customer orders within milliseconds. Corra is a digital agency that builds commerce experiences for fashion, beauty, and lifestyle brands around the world. Signifyd’s partnership with the company is in some ways an extension of the relationship the company developed with Magento Commerce last fall.  The press release accompanying the announcement noted that both companies had been honored by Magento in 2016 – with Corra being named Magento Omnichannel Partner of the Year and Signifyd earning plaudits as Magento Best New Technology Partner of the Year.

Director of Global Strategic Alliances for Corra, Martina England praised Signifyd as an “enterprise-ready partner that can help us help our customers grow and succeed.” England referred specifically to the fraud fighter’s technology and domain expertise, as well as the firm’s sizable customer roster and history of success in supporting e-commerce. “We examined the full complement of guaranteed fraud protection players and found that Signifyd, far-and-away, met the needs of our clients,” England said.

Leveraging big data, machine learning, and human intelligence, Signifyd’s technology protects more than 5,000 online merchants and more than $37 billion worth of products against fraud. Available as an e-commerce platform plug-in as well as via an API, Signifyd automates back office operations including auto-fulfill and auto-cancel on orders, and makes it easy for merchants to get paid for chargebacks within 48 hours. Additionally, Signifyd offers a 100% financial guarantee in the event that an order approved by Signifyd’s technology proves ultimately to be fraudulent.

Founded in 2011 and headquartered in Palo Alto, California, Signifyd demonstrated its Guaranteed Payments solution at FinovateSpring 2013. Earlier this month, the company’s co-founder and CEO, Rajesh Ramanand, was named to One World Identity’s Top 100 Influencer’s list (along with 19 other Finovate alums). Signifyd partnered with Authorize.Net to bring its fraud protection technology to that firm’s U.S.-based e-commerce merchants last summer, less than one month after being added to CB Insights’ Fintech 250 list. The company has raised more than $89 million in total capital, including picking up $56 million in funding last year in a Series C round led by Bain Capital Ventures.

Finovate Alumni News


  • Signifyd Partners with Corra to Provide Guaranteed Fraud Protection for E-Commerce Merchants.

Around the web

  • Estonian financial group LHV to leverage technology from FICO to fight money laundering.
  • Klarna announces double-digit sales growth thanks to more retailers using the company’s solutions.
  • CNBC quotes MaxMyInterest head of business development and partnerships Michael Halloran on cash strategies for investors during times of market volatility.
  • Dynamics unveils enhanced functionality for its connected Wallet Card. See its latest demo at FinovateEurope next week.
  • TSYS Extends Existing Agreement with Capital One UK.
  • Mastercard to use Facebook Messenger to help small businesses in Africa and Asia drive mobile and electronic payments acceptance.
  • Worldline teams with Total to launch TOTAL eWallet.
  • FutureTech Podcast hosts Capitalise CEO Shahar Rabin on using natural language to automate trading strategies.
  • NopSec Awarded Most Innovative Cybersecurity Company 2018.

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.

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

When you think about it, what’s cooler than being named to a Who’s Who list in the world of digital identities?

One World Identity, an independent identity research and strategy company that specializes in cybersecurity, digital commerce, and risk management, published its roster of the Top 100 Influencers in Identity this week. This year, 20 Finovate alums made the cut. The individual influencers – as well as the companies they work for- are listed below.

As with last year’s roster, this year’s list was compiled by taking nominations submitted via Twitter, LinkedIn, and at The staff and advisory council for One World Identity whittled down the initial list of more than 1,000 nominees to a final 100.

One World Identity began as a project from a group of Google employees back in 2015. The company was officially launched the following year as a way to help spur innovation and collaboration in the field of digital identities. Travis Jarae is founder and CEO.

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

Image Designed by Freepik

Ready for some good news on the cybersecurity front?

Most of the time cybersecurity appears in the headlines, it is a report of a breach that just occurred or a new threat to guard against in the future. Caught between the hack that caught us unaware and the certainty that it won’t be the last, we can lose sight of the fact that there are hundreds of cybersecurity firms with thousands of security professionals that are working around the clock to make our lives online a lot safer. And many of these companies are Finovate alums specializing in service to the financial industry and its customers.

Ted Ross, founder and CEO of SpyCloud, demonstrating the company’s Best of Show-winning platform at FinovateFall 2017.

Importantly, not only are these companies working 24/7/365 to fight cybercrime, but also many of them are teaming up and partnering with financial institutions, retailers, and each other to test their technologies, make key improvements and enhancements, and ultimately get their fraud-fighting solutions to market.

With that in mind – and in line with our October focus on cybersecurity – here’s a look at the partnerships, agreements, and collaborations forged by our cybersecurity-related alums so far in 2017.



  • Mitek partners with handwriting-based biometric authentication service Asignio to deliver IDaaS solution.
  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • ThreatMetrix and partner to deliver ID verification for government and commercial digital services.
  • Ledger partners with Intel to boost blockchain app security.
  • BioCatch to power behavioral biometrics for Samsung SDS America. 
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Zighra launches flagship continuous authentication product.
  • Kony to launch digital banking solution leveraging Daon biometrics. 
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.
  • TASCET teams with Secured2 to launch Algo5 data security offering.


  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO.
  • National Bank of Canada joins SecureKey’s digital identity network.


  • HooYu to provide ID confirmation for U.K.’s Cars-as-a-Service easyCar Club.

Multiple Best of Show winner EyeVerify demonstrating its Eyeprint ID technology at FinovateEurope 2017 with partner YapiKredi Bank.



  • Vera to provide data security services for GE.
  • BioCatch to power fraud prevention solutions for HoneyTek Systems.


  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the U.K.’s open banking framework.


  • Signifyd guarantees fraud protection for Magento Commerce Merchants.
  • Infosys Finacle partners with ToneTag to leverage sound wave technology to drive contactless authentications and transactions.



  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • FIS and Equifax partner to offer new identity verification solution, OnlyID.
  • Biometric Signature ID partners with National Fingerprint to provide virtual ID proofing and verification services.
  • BioCatch partners with LexisNexis to leverage data and analytics for better risk management.


  • Samsung to power biometric authentication pilot for Bank of America.
  • Mexican payment processor chooses fraud fighting technology from Featurespace.


  • HooYu brings identity confirmation technology to BCRemit.



  • ID Analytics partners with Acxiom to strengthen risk assessment and combat fraud.
  • HackerOne Powering bug bounty program for Tor browser.


  • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.


  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.

Behavioral biometric innovator BehavioSec, shown here demonstrating BehavioSec on Demand at FinovateFall 2015, has won three Best of Show awards.



  • Daon adds EyePrint ID to IdentityX platform courtesy of new partnership with EyeVerify.
  • IdentityMind Global to offer’s document authentication technology to its financial services customers.
  • Jumio partners with Monzo for strong identity verification.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.


  • Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud.
  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.



  • Cisco and IBM team up on security.
  • BehavioSec partners with Kount.
  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.


  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.



  • Fraud prevention innovator Featurespace partners with U.K. digital family banking solution, goHenry.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.


  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.


  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

A FinDEVr favorite, HackerOne and its bug bounty and vulnerability disclosure platform leverage white hat hackers to find critical security gaps before criminals do.



  • Mastercard adds to authentication arsenal with acquisition of NuData Security.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.


  • Daon brings mobile biometric authentication to UnionBank.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • Pindrop to mitigate call center fraud for credit union service organization PSCU.


  • Saltrex to use Jumio’s Netverify Trusted-Identity-as-a-Service.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.



  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments.


  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • First national private bank of Turkey, Yapi Kredi to deploy Eyeprint ID from EyeVerify for mobile logins.


  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.



  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.


  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • NetGuardians brings real-time fraud protection to Nigeria’s Keystone Bank.


Finovate Alumni News


  • Blooom Surpasses $1 Billion in Assets Under Management.

Around the web

  • Yelp Partners with TrueAccord to Deliver Digital Collections and Streamline Data Loop for Customer Engagement.
  • Lending Club Closes Second Self-Sponsored Securitization to Further Expand Investor Access.
  • Finovera and Payveris partner to launch Payveris BillManager.
  • Signifyd Guarantees Fraud Protection for Magento Commerce Merchants.

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


  • Turnkey Lender Raises $2 Million in Series A.
  • Enhancing the Customer Experience in Financial Services.
  • New Partnership Turns PayPal into Apple App Store Payment Option

Around the web

  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.
  • Passport launches parking payment app, Passport Canada, for students at Simon Fraser University.
  • Strategic partnership will integrate Key Lifestyle Indicator technology from Segmint with financial services solutions from IBM.

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.

44 Alums Populate CB Insights’ Fintech 250 List

This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

The list is in alphabetical order.









Credit Karma





Gusto (formerly ZenPayroll)










Personal Capital





Ripple Labs
















Signifyd Raises $56 Million to Fight eCommerce Chargebacks

Signifyd launched in 2011 to mitigate e-commerce chargebacks and this week landed $56 million to continue the fight. The Series C round, which brings the company’s total capital to $87 million, was led by Bain Capital Ventures with contributions from Menlo Ventures, American Express, and other existing investors.

The company will use the funds to expand its team of engineers and fraud experts. Specifically, Signifyd plans to double its current engineering team over the course of the next year. Signifyd will also scale its fraud protection technology to serve enterprise merchants in the U.S., Europe, and Asia. This will continue an already impressive growth curve. The company now protects 5,000 merchants and in the past year experienced a 20x growth in transaction volume, 4.5x YOY revenue growth, and increased its workforce to more than 100. This 50% increase in employees from the year prior prompted the expansion to a new office to accommodate the growth.

Signifyd’s Guaranteed Fraud Protection, which it debuted at FinovateSpring 2013, helps shift fraud liability away from online retailers by offering a 100% guarantee against fraud or chargebacks on every order. The company stands behind its technology by reimbursing clients for “any fraudulent transactions that slip through the cracks.” Enabling technologies such as machine learning and AI offer a scalable approach that can be implemented with large, enterprise retailers.

Among Signifyd’s recent partnerships are Salesforce Commerce Cloud, Magento, Accertify, and ThreatMetrix. The company has received multiple honors recently, including multiple wins in the American Business Awards earlier this week. It has also been recognized by Entrepreneur, Forbes, and Bloomberg, and has been named one of the Bay Area’s Best Places to Work by the San Francisco Business Times and Silicon Valley Business Journal.