Finovate Alumni News

On Finovate.com

Around the web

  • Pymnts interviews Rich Aberman, WePay co-founder.
  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • Gwyneth J. Gaul joins Bright Funds as the company’s new vice president of corporate partnerships.
  • Dividend.com features several alums in its discussion on how robo-advisors are changing the investment world.
  • Washington Technology Industry Association creates video about Lighter Capital.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Socure appoints Michael Hiskey as vice president of marketing. Join Socure at FinovateFall 2015 in New York.
  • Investment News quotes Hedgeable CEO Mike Kane on bitcoin’s prospects as an alternative asset class. See Hedgeable in New York at FinovateFall 2015.
  • Avidia Bank ($1.2 billion) to deploy Cardless Cash ATMs courtesy of partnership with FIS.
  • Eco-Mail names John Schloff as managing director of marketing. Catch Eco-Mail live at FinovateFall 2015 in September.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.
  • Pindrop Security appoints Mike Vandiver as chief financial officer.
  • Check out this week’s FinDEVr APIntelligence.
  • Australia-based SocietyOne hits $200m in applications.

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

On Finovate.com

  • “LoopPay-powered Samsung Pay Launches

Around the web

  • MSN Money interviews Betterment CEO Jon Stein on the relationship between Baby Boomers and robo-advisors.
  • Xero announces plan to help SMEs get bank loans.
  • Jessica Ellerm talks with Mitchel Harad, SocietyOne CMO.
  • Discussion on multifactor authentication features insights from Thomas Bostrom Jorgensen, CEO of Encap Security.
  • Fox News looks at Realty Mogul in a feature on real estate investing for non-millionaires.
  • Blackberry selects PayPal for its P2P Payments provider.
  • ThreatMetrix appoints Armen Najarian as chief marketing officer.
  • Team One Credit Union and Mshift expand pilot tests of MShift’s AnyWhereMobile by bringing more merchants on board.

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

On Finovate.com

  • “Expensify Tallies Up $17.5 Million in Funding to Support its New Fintech Investment Fund”

Around the web

  • AcceptEmail partners with PayWithMyBank to make bill pay convenient and less costly.
  • SocietyOne hires former Lending Club executive as its new chief marketing officer.
  • Spend Matters highlights Tradeshift as a company to watch in 2015.
  • Pindrop Security releases new version of fraud detection system to more effectively identify and predict fraudulent activity.
  • Yodlee hosts webinar on how to build financial apps to meet rapidly evolving customer expectations.
  • BehavioSec mentioned as one “wild invention of the future” that the Pentagon is behind.
  • Tradier announces 75+ investor platforms and advisors integrating with its API.
  • Algomi adds 100th buy-side firm to its Honeycomb Network.
  • American Banker: FIS in talks to acquire SunGard.
  • PYMNTS.com interviews Sarah Hartman, senior director of consumer payment solutions at TSYS.
  • India West profiles Ayasdi founder and CEO, Gurjeet Singh.
  • Benzinga’s list of 10 PFM apps for teens and young adults features Toshl Finance, Manilla, BillGuard, Mint, and Smarty Pig.
  • Acculynk teams up with TouchPay, combining online billpay with self-service payment kiosks.
  • OnDeck rolls out mobile app for account management on the go. Come see OnDeck at FinDEVr in San Francisco, 6/7 October 2015.
  • Let’s Talk Payments interviews PayStand CEO Jeremy Almond.

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

On Finovate.com

  • Finovate Debuts: SayPay Combines Voice Recognition and Biometric Authentication

Around the web

  • ColoradoBiz talks with Entrepreneur of the Year finalist: Krista Morgan, CEO and co-founder of P2Binvestor.
  • TechCrunch column on bitcoin and the remittance market references Coinbase and TransferWise.
  • PYMNTS.com highlights OnDeck, Lending Club, and Prosper in its look at the changing relationship between banks and alternative lenders.
  • Business Insider: SocietyOne thinks Australia is big enough for a bunch of small players.
  • TradeHero parent partners with the Singapore Exchange (SGX) to launch the SGX StockWhiz 2015 contest.
  • Bitbond, Wealthfront, and TrueAccord listed among six rising fintech startups.
  • Lendio-powered Staples business loans surpasses $1 million in funding for 43 SMBs across the U.S.
  • Quisk short-listed for Red Herring’s Top 100 North America award.
  • Fox Financial Planning Network picks Jemstep’s Advisor Pro as automated investment service platform for its AdvisorTouch Symphony program.
  • The Hanover Insurance Group teams up with Identity Theft 911 to provide businesses with better defense against data breaches.
  • FearlessMen.com reviews small business lender, EZBOB.
  • etcAndroid spotlights Toshl Finance Budget and Expense app 1.7.21.
  • FundSERV to integrate e-SignLive from Silanis into its eDOCS solution.
  • Mitek to acquire IDchecker, a global identity verification solutions provider.
  • Oink featured in USA Today’s list of five financial musts for college grads.
  • Accredited Investor Markets interviews DarcMatter CEO Sang Lee.
  • Kabbage partners with Sage payment solutions to launch Sage small business loan powered by Kabbage.

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

On Finovate.com

  • DRAFT, Fidor US, Roostify to Present Solutions at Yodlee Ynext Incubator
  • $680 Million Raised by 29 Alums in Q1 2015

Around the web

  • BizJournals lists BancVue as one of Austin’s Best Places to Work in 2015.
  • American Banker interviews James Varga, CEO of miiCard, on sharing identity information.
  • Motif adds new trading alerts.
  • P2Binvestor selected as new network company by Blackstone Entrepreneurs Network Colorado (BENCO).
  • MaineBiz takes a look at CashStar and its new offices in downtown Portland.
  • Mountain America rolls out its new biometrics login technology courtesy of EyeVerify.
  • Fuze Networks acquires LiveMinutes’ online workspace platform.
  • Jwaalla celebrates signing its 100th credit union client, Palisades FCU.
  • Business Insider looks at how Klarna and its one-click payment technology could help save the newspaper business.
  • Reid Hislop tapped as new chief marketing officer at Avoka.
  • Inc. Magazine features ID.me CEO Blake Hall in a column on veteran entrepreneurs.
  • Equities.com talks crowdfunding and real estate with Jason Fritton, Patch of Land CEO.
  • Financial News interviews Ripple CEO, Chris Larsen on the future of the financial infrastructure.
  • SocietyOne has originated more than $30 million on its platform since launching in 2011.
  • Prosper announces record first quarter, with $595 million in loans through the platform, up 200% from Q1 2014.
  • WattzOn to help Montana residents save on energy expenses via the Bozeman Energy Smackdown.
  • Larky selected by the Kentucky Bankers Association to provide mobile local rewards program for member banks.

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

On Finovate.com

Around the web

  • Digital Insight to provide Touch ID functionality in mobile banking apps.
  • Coinbase unveils its bitcoin exchange and wallet service in the U.K.
  • The Currency Cloud appoints former Deutsche Bank CIO, Mitchel Lenson, to non-executive director.
  • Green Dot Bank chooses MasterCard as its transaction processor and network gateway.
  • Columbia Bank picks Fiserv DNA for its account-processing platform.
  • The Finanser interviews CEO and co-founder of Ripple Labs, Chris Larsen.
  • AMP Credit Tech launches Amplifi Capital to directly finance unsecured loans to under-served small businesses in the U.K.
  • Expensify debuts new automatic statement-reporting feature.
  • ComputerWorld: SocietyOne makes case for peer-to-peer lending.

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

On Finovate.com

  • Meet the Presenters: Check out FinovateSpring 2015 Sneak Peek: Part 4
  • MoneyStream Launches to Public, Receives $3.2 Million in Funding
  • CurrencyFair Springs $10.7 Million More in Funding

Around the Web

  • Thomson Reuters unveils ASKTRPS to help fixed-income professionals meet reporting requirements.
  • MasterCard to sponsor Smart City App Hack.
  • Alabama Teachers Credit Union and Greater TEXAS Federal Credit Union to launch SmartwearApps for the Apple Watch courtesy of Malauzai Software. See Malauzai at FinovateSpring 2015 in San Jose next month.
  • Former Salesforce chief architect Scott Hansma joins Lending Club as senior vice president of technology.
  • MasterCard partners with Alliance for Financial Inclusion to support AFI’s Public-Private Dialogue Platform.
  • American Banker’s highlights from Prosper and Lending Club at this week’s LendIt conference.
  • News.com.au’s Investing highlights SocietyOne’s role in “dude-to-dude” lending.

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

On Finovate.com:

  • Lendio Raises $20 Million in New Funding to Help Finance Small Businesses
  • Motif Investing Partners with Pacific Life to Offer Cause-Based Investing.
  • Bank Innovation’s Coolest Brands of 2015 Features Finovate Alums.
  • Printer Giant Lexmark to Acquire Kofax for $1 Billion.

Around the Web:

  • ShopKeep POS acquires payment processing startup, Payment Revolution.
  • Financial Guard and FutureAdvisor are featured as alternatives in a Bloomberg column on “breaking up with your expensive adviser.”
  • Bank Innovation column on “InsuranceTech” and Fintech 1,000 lists Insuritas.
  • Opentabs integrates with PayPal to power its mobile app order-ahead services.
  • PYMNTS: Monitise takes itself off the market. CEO steps down.
  • Billhighway awarded Silver Stevie Award for Innovation in Customer Service in the Financial Services Industry category. It is the second win for Billhighway since 2013.
  • Dexterity Ventures (Place2Give) bolsters team with new CMO, Product Manager, Developer, and Office Assistant.
  • The FinTech Blog interviews Eli Broverman, Co-Founder and COO of Betterment.
  • Fiserv, TD Bank Group, Intuit, and PayPal rank among Forbes’ list of Americas’ Best employers.
  • SocietyOne appoints former Investec Group chief lending officer, Simon Schwarz, as new COO.
  • Ad Age highlights how BancVue seeks to level the playing field for community banks.
  • Rippleshot joined fellow winners of the Chicago Innovation Awards in ringing the closing bell at the Nasdaq on Monday.
  • BankNXT looks at the rise of marketplace lending platforms including Finovate alums Lending Club and OnDeck.

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.

Alumni News– March 17, 2015

  • NerdWallet looks at Kabbage and LendUp as innovators in combining social media and lending.
  • Westlake Financial Services to deploy billpay solution from ACI Worldwide.
  • Bluefin Payment Systems partners with PCI University to provide PCI compliance education suite to Bluefin’s merchant base.
  • P2P Banking highlights Society One’s role in Australian P2P lending.
  • PaySimple now powers the payments, scheduling and reporting services for RainMaker, a membership management solution for martial arts schools.
  • Finovate Debuts: Yoyo is More than Just a Mobile Wallet.

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 Fill Ranks of KPMG’s Fintech Innovators for 2014

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Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.
50Fintechreport.jpg
The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC). 
The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.” 
Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.
“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote. 
“Venture capitalists seek this enduring competitive advantage over and above everything else.”
Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.
“Ones to Watch” 
See the full list of companies here.

SocietyOne Closes $20 Million Series B Funding Round

SocietyOneLogo.jpg

Australian P2P lending company, SocietyOne, closed a Series B funding round this week. The amount is officially undisclosed, but according to the Australian Financial Review, the round totals $20 million ($25 million AUD). This new installment comes just 10 months after it closed an $8.5 million round.

Contributors to the new round include Consolidated Press Holdings (CPH), News Corp Australia and Australian Capital Equity. Reinventure, the Westpac-funded venture capital manager that took a $5 million equity stake in SocietyOne in February, also helped furnish the round. Reinventure contributed another $5 million to this week’s Series B round.

SocietyOneHomepage2.jpg

The funding comes amid the buzz surrounding Lending Club’s IPO. The California-based company is expected to start trading on the NYSE next week at $10 to $12 per share valuing it at more than $4 billion (see our previous coverage here).

Lending Club’s success bodes well for SocietyOne. James Packer, a representative from SocietyOne’s new investors states, “We have seen first-hand the power of technology in reshaping the media industry and I am excited about the potential of technology, led by the team at SocietyOne, to help reshape the financial services industry in Australia.”

SocietyOne’s ClearMatch technology uses risk-based pricing to offer borrowers a rate that is up to 5% lower than bank loans. It debuted ClearMatch at FinovateAsia 2012 where it won Best of Show.

Alumni News– December 4, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIntelligent Environments awarded Fairbanking certification. See Intelligent Environments demo at FinovateEurope 2015 in February.
  • Xsolla partners with BitPay to bring bitcoin payments to gaming. See Xsolla at FinovateEurope in London.
  • MasterCard partners with Gates Foundation to launch innovation lab in Nairobi, Kenya.
  • App Annie unveils Audience Intelligence, a solution mobile app publishers can use to learn demographic data from users.
  • Access Development partners with Oklahoma Education Association.
  • Yueyu Fu, co-founder and CPO at Rippleshot interviewed at Benzinga Fintech Awards.
  • Intuit’s Quickbook Online Accountant is now available in the U.S.
  • Ripple to plug its real-time settlement protocol into Earthport’s payments hub.
  • Braintree is now rolling out its One Touch payment service outside the U.S.
  • eGift Card feature added to Wipit-powered Boost Mobile.
  • SocietyOne Closes Undisclosed Series B Funding Round.
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.