Finovate Alums Join MassChallenge’s 2019 FinTech Inaugural Program

Digital Onboarding, SizeUp, and ForwardLane are among 21 startups that will take part in the 2019 MassChallenge FinTech inaugural program. The program runs from January to June, and will support startups as they work with the accelerator’s partners to develop solutions in asset management, insurance, retail and commercial banking, e-commerce, and transportation. Specific challenge areas include developing AI-powered research assistance, big data for SMEs, and student financing.

“Our inaugural cohort represents trailblazing technologies that advance financial services, from AI-powered on boarding platforms to modern giving solutions,” Program Director of MassChallenge FinTech Devon Sherman explained. “We look forward to structuring and driving meaningful, outcome-driven partnerships between startups and enterprises that tackle some of the industry’s biggest pain points and opportunities.”

Participating startups will also have access to MassChallenge FinTech and FinTech Sandbox’s enterprise readiness program, as well as the FinTech Sandbox’s data and resources. MassChallenge FinTech will award a total of $250,000 in cash prizes at the conclusion of the six-month program, at zero cost and for zero equity.

Also participating in the 2019 cohort are:

  • AlphaSense
  • Cake
  • Catapult HQ
  • Datavore
  • Diffeo
  • Edmit
  • eGiftify
  • Elsen
  • Fincura
  • GainLife
  • LifeSite
  • Pinkaloo Technologies
  • Posh
  • Surround Insurance
  • TellusLabs
  • WalletFi
  • Zylotech

MassChallenge FinTech is supported by a public-private partnership that features Massachusetts Mutual Life Insurance Company (MassMutual), Putnam Investments, Fidelity Investments, Citizens Bank, John Hancock, and the Massachusetts Competitive Partnership (MACP) among its founding partners. The program’s challenge partners include Eastern Bank, AARP, Columbia Threadneedle Investments, Walmart, and the Massachusetts Bay Transportation Authority (MBTA). FinTech Sandbox, Wells Fargo Startup Accelerator, and Brandeis International Business School are community partners of the program.

Explaining his company’s decision to partner with MassChallenge FinTech, Head of Innovation and Advice for John Hancock Steve Dorval said, “To us, innovation means looking for new tools, new technologies and new ways of working that can enhance the businesses we’re already in or give us insights into creating new opportunities.” He added that MassChallenge FinTech enabled John Hancock to “engage with intelligent passionate people that are solving important problems.”

Digital Onboarding demonstrated its platform at FinovateFall 2018. Founded in 2015 and headquartered in Boston, Massachusetts, Digital Onboarding announced earlier this month that it was partnering with Hudson River Financial FCU. The company will help the $57 million member-owned financial cooperative improve access to account-related benefits.

Making its most recent appearance on the Finovate stage at FinovateEurope 2016, SizeUp helps banks empower their SME clients with business insights that can drive increased customer acquisition, retention, and engagement. Founded in 2011 and based in San Francisco, California, SizeUp was featured by Bplans earlier this year in its look at 85 of the Best Business Tools for Startups.

ForwardLane announced an expansion of its menu of AI tools this fall, a move the company believes will help bring the benefits of artificial intelligence to small and mid-sized financial advisors. Founded in 2015 and headquartered in New York City, ForwardLane demonstrated its cognitive productivity solution for wealth management at FinovateSpring 2016, leveraging machine learning to deliver personalized investment advice to mass affluent investors.

FinovateEurope Sneak Peek: SizeUp


FEULogowithDateA look at the companies demoing live to 1,500 fintech professionals. Register today.

SizeUp helps banks better serve their small business customers through big data. It provides individually customized, hyper-local business intelligence for SME companies.

Features include:

  • Improve value to small business customers through big-data insights
  • Introduce bank products and services
  • Increase SME customer acquisition and retention

Why it’s great
SizeUp helps banks deliver new value to their small business customers through big-data insights that SMEs could not previously access.


SizeUp_AnatalioUbaldeAntalio Ubalde, CEO, Founder

Ubalde is a successful entrepreneur and executive who leads Software-as-a-Service ventures focused on data-driven solutions for small businesses and economic development.


SizeUp_BrandonHarrellBrandon Harrell, Product Manager

Harrell manages SizeUp products. He has international experience in Geographic Information System (GIS) modeling, analysis, and project management.

Finovate Alumni News


  • Mitek Partners with Harland Clarke to Improve RDC Security”
  • Pindrop Raises $75 Million for Phone-printing Authentication”

Around the web

  • Gate City Bank ($1.9 billion in assets) chooses DNA core account processing platform from Fiserv.
  • Powered by FIS, the Venture Center is now accepting applications for its VC Fintech accelerator.
  • Venmo adds in-app merchant payments.
  • Algomi wins Risk Magazine’s “Trading Technology Product of the Year for the Buy-Side” for a second year in a row.
  • Experian enhances Small Business Credit Share program.
  • Credit Karma surpasses milestone: serves 50 million users who use Credit Karma to manage $3 trillion in debt.
  • Check Point releases new hardware to address cyber security and protection.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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.

Finovate Alumni News

Around the web

  • Whiznews in Southeastern Ohio looks at a local deployment of SizeUp with the Zanesville-Muskingum Chamber of Commerce.
  • RedCloud names Katia Hilal as vice president of product. See RedCloud at FinovateFall 2015 in New York.
  • talks with Doug Parr, chief revenue officer for Prairie Cloudware, about the EMV transition this fall.
  • Azimo brings its money-transfer services to Sierra Leone and Guinea.
  • Coinbase enables U.K. and Spanish customers to buy bitcoin using 3D Secure credit and debit cards.
  • Interxion announces availability of Azure ExpressRoute in Amsterdam. Check out Interxion at FinDEVr 2015 in San Francisco.
  • Apple identifies Flint, MicroStrategy, and Xero as partners for the iPad-for-business effort.

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, FinDEVr Alums Earn Finalist Spots in BBVA Open Talent Competition


The BBVA Open Talent competition released the list of finalists for its 2015 competition. And five alums from both our Finovate and FinDEVr conferences will be competing for the top prizes.

The three regional finals will be held in September (schedule below). Six winners will be chosen, two from each category. Winners will receive €30,000 to develop their fintech projects in partnership with BBVA.

  • Latin America Finals: Mexico City, 9/10 September
  • USA and the Rest of the World Finals: New York, 14/15 September
  • Europe Finals: Barcelona, 21/22 September

Here’s a look at the alumni who will be competing in September:

Coinalytics_logo_FinDEVr2015_250xCoinalytics provides an end-to-end intelligence platform that helps institutions gain actionable insights from the blockchain. The company will make its FinDEVr debut at FinDEVr 2015 in San Francisco in October. Coinalytics was founded in April 2014 and is based in San Francisco, California.

DRAFT_logoDRAFT made its Finovate debut at FinovateSpring 2015 in San Jose. The company has developed a crowdsourced, mobile investment-analysis solution geared toward mass-affluent millennials. DRAFT was founded in October 2014 and is headquartered in Austin, Texas.

Rippleshot_hi_res_FS2014Chicago-based Rippleshot builds security and anti-fraud solutions. Their cloud-based technology leverages big data to spot bank card data breaches. The company was founded in June 2013 and last demoed for Finovate as part of FinovateFall 2014 in New York.

SizeUp_logoFounded in September 2011 and based in San Francisco, SizeUp uses big data to give small businesses the kind of business intelligence and market analysis often available only to larger companies. The company demoed at FinovateSpring 2015 in San Jose.

FS2015_Token_logo_snagMaking its Finovate debut this spring at FinovateSpring 2015, Token has developed a payment platform that relies on public-key cryptography and digital signatures for faster, more secure transactions. Founded in January 2015 and headquartered in Palo Alto, California.

Now in its seventh year, the BBVA Open Talent competition seeks fintech projects that “contribute to the industry’s evolution and transformation.” Ideal areas for innovation include big data, e-commerce, and security. The Open Talent challenge seeks to emphasize solutions from companies and entrepreneurs interested in becoming “fellow travel companions” with the bank.

Here are the rest of the finalists in the competition (alums excluded).

Latin America category

  • Aflore
  • Bitnexo
  • Bitso
  • Culqi
  • Destácame
  • Finvox
  • Moneero
  • Openpay
  • Quotanda
  • Uanbai
  • Volabit
  • Wayniloans
  • Zave App
  • Zoop

USA and Rest of the World category

  • Bitwage
  • ClearServe
  • Control
  • Koho
  • LendingFront
  • ModernLend
  • New Constructs
  • SnapCard
  • Voaztz
  • WeFinance

Europe category

  • Aplázame
  • Continuum Security
  • Cutover
  • Everledger
  • Origin Markets
  • Ormsby Street / Credit HQ
  • PayBox
  • Pich
  • Ringpay
  • Safello
  • Squirrel Financial Wellbeing
  • TheMarkets Trust Ratings
  • Vaultoro
  • Wayerz
  • Wealth-Arc
  • 50wise


Finovate Alumni News


  • “Realty Mogul Builds $35 Million in New Funding”
  • “Fastacash Secures $15 Million in Series B Investment”
  • “Fenergo Raises $75 Million from Insight Venture Partners”

Around the web

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • Green Dot opens subsidiary in Shanghai.
  • Citizens 1st National Bank introduces mobile remote deposit capture with integration of Malauzai SmartApp, Ensenta mRDC.
  • Liz Loewy, senior vice president for EverSafe, spoke about elder financial abuse at White House Conference on Aging.
  • Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems.
  • Five Degrees appoints Peter-Jan van de Venn as new chief commercial officer.
  • BBVA Group inks strategic agreement with the Alliance for Financial Inclusion.
  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Kotak Securities and Heckyl launch real-time news and market-info apps.
  • Cachet Financial Solutions to deploy Select Mobile Money platform for SOLE Financial’s Visa Paycard.
  • MyOrder teams up with WirecardGroup to issue contactless mobile cards using HCE technology.
  • Algomi wins “FinTech Innovation of the Year” honors at 2015 Euromoney Global Awards for Excellence.
  • Wealthfront lowers its minimum investment to $500.
  • Bank Innovation takes a look at how startups like SizeUp help banks work better with small businesses.
  • Authentication specialist BioCatch earns a pair of patents from the U.S. Patent Office.

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


  • SizeUp, Token, and Pendo Systems Win at Innotribe 2015 New York
  • Vantiv Brings its Payment and Processing Solutions to the USPS
  • Finovate Talks Payment API Security with John Canfield, VP of Risk for WePay

Around the web

  • American Banker talks with LendingRobot about liquidity in P2P lending.
  • Wallaby now has 2,700 credit cards and 500 banks in Cardbase database. Come see Wallaby at FinDEVr in San Francisco.
  • SuiteRetail joins Avalara’s community of certified solution partners. Check out Avalara at FinDEVr 2015, 6/7 October.
  • Tradier Brokerage integrates with OneOption LLC to advance options trading platform.
  • GeekWire considers Avalara’s success, including its corporate lounge, at the U.S. Open.
  • PYMNTS interviews Souheil Badran, newly appointed president and CEO of edo Interactive.
  • Nuno Sebastião, CEO of Feedzai, talks with PYMNTS about fraud detection.
  • Pindrop Security launches Pindrop Labs.
  • Financial Times lists Personal Capital in its Top 300 RIA List.
  • iBe publishes study on customer experience in banking and fostering innovation.

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 Gives FIs Business Intelligence Tools to Help Reengage Customers

This post is part of our live coverage of FinovateSpring 2015.

SizeUpLogoThe team from SizeUp is launching its business intelligence platform for financial institutions.

SizeUp FI (Financial Institutions) is a new service that enables FIs to provide their customers with valuable business intelligence directly through the FI’s own website, SizeUp provides FIs:

  • Consistent reengagement with customers through “sticky” data services
  • Stronger partnerships with business customers by helping them succeed with Big Data insights they previously couldn’t afford or understand
  • Introduction to the FIs relevant products and services through SizeUp’s tools at specific decision-points of the customer’s business lifecycle
  • New value FIs can provide outside of “me too” FI business offerings
  • Multiple versions of SizeUp FI enabling the FI to provide its own custom implementation

SizeUP FI presenters: Anatalio Ubalde, CEO, co-founder; Thomas Barron, VP business development



Product Launch: April 2015

Metrics: N.A.
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: San Francisco, California
Founded: September 2011
Twitter: @sizeupbusiness