A Baker’s Dozen of Our Favorite North Carolina Fintechs

After nCino’s impressive initial public offering this week – the largest, one-day gain for a U.S.-based tech IPO since the Dot Com Days – everyone now will be able to name at least one Finovate alum from the great state of North Carolina.

But there’s more to Carolina fintech than nCino. Among Finovate alums alone there are at least a dozen other companies from the Tar Heel State whose innovations in and contributions to fintech are also worth noting.


  • Enterprise information systems development firm. FinDEVr London 2017. Founded in 2003. Headquartered in Durham.


  • Online marketplace for commercial real estate loans. FinovateFall 2018. Founded in 2018. Headquartered in Raleigh.


  • Digital transformation and open banking solution provider. FinovateFall 2019. Founded in 2012. Headquartered in Charlotte.



  • Mobile payments platform for integrated urban transportation. FinovateEurope 2016. Founded in 2010. Headquartered in Charlotte.



  • On Demand marketplace for IT field services. FinovateFall 2018. Founded in 2016. Headquartered in Charlotte.


  • Networked Commerce enablement platform. FinovateFall 2018. Founded in 2007. Headquartered in Durham.


  • Augmented Intelligence platform. FinovateFall 2019. Founded in 2015. Headquartered in Charlotte.



  • IT services and mobility product provider for financial markets. FinovateFall 2013. Founded in 2007. Headquartered in Charlotte.

Zogo Finance

Photo by icon0.com from Pexels

Spreedly Raises $75 Million in Growth Funding

Online and mobile payments enabler Spreedly has picked up a $75 million investment from Spectrum Equity. The growth funding will help the Durham, North Carolina-based company both accelerate product development and support its international expansion. Spreedly’s total funding now stands at just over $81 million.

“Our platform helps customers unlock their online and mobile revenue streams,” Spreedly CEO Justin Benson explained. “With this investment from Spectrum Equity, we are positioned to extend our leadership globally, in particular to leverage our momentum in Latin America. We’re excited to bring Spectrum’s experience working with other high growth FinTech and commerce platforms to bear as we execute on our growth plans.”

Spreedly provides a payments infrastructure that leverages a single API to enable businesses to grow their online and mobile revenues. The company’s PCI compliant vault securely stores card data for customers like Cabify and SeatGeek who use tokenized card data to optimize nearly $14 billion in transaction volume each year.

Managing Director at Spectrum Equity Adam Margolin praised Spreedly as “uniquely positioned” to help businesses meet the challenges of online and mobile payments. “With minimal prior funding, Spreedly has grown rapidly and today powers nearly one million transactions daily, 108% more than the year before, on behalf of its customers,” Margolin said.

Benson shared some additional thoughts on what the investment meant for the company at the Spreedly blog. And for those curious about Spreedly’s path from founding concept to contemporary success story, Benson’s reflections are especially worth reading. He concludes his remarks by saying:

“Ultimately, for you our customer, all this really means is that we’re more effectively resourced today to execute upon our ambitious product roadmap. We have more financial and intellectual capital at our disposal to build the best payment platform for merchants that we can. Thanks for your support and here’s to the next big chapter.”

Spreedly demonstrated its Networked Commerce solution at FinovateFall 2018. Networked Commerce enables businesses to connect payment systems to partners for superior scale, helps merchants process multiple-vendor transactions, and empowers consumers to make purchases through the same network – web, mobile, or voice – where they initially encounter a good or service.

This September, the company unveiled Spreedly 3DS2 to help execute 3DS2-compliant transactions across multi-gateway environments. The previous month, Spreedly – in partnership with Webio – won the 2019 Innovation Lab Award at the Payments Ed Forum. This spring, Spreedly was featured in WRAL Tech Wire’s look at local technology companies.

Finovate Alumni News

On Finovate.com

  • Spreedly Raises $75 Million in Growth Funding.
  • NLP Innovator Eigen Technologies Closes $37 Million Series B.
  • nCino Brings AI to its Bank Operating System with nIQ.
  • Lloyd’s Syndicate to Insure Ledger’s Vault.

Around the web

  • DriveWealth partners with Bamboo to give Nigerians real-time access to trade 3,500+ stocks listed on the U.S. stock market.
  • OnDeck builds liquidity with new $125 million securitization.
  • Salt Edge teams up with Exprivia to expand access to open banking solutions.
  • Insuritas partners with Security Federal Savings Bank to launch digital insurance agency platform.
  • Coinbase adds five new currencies to its Coinbase Card – XRP, BAT, REP, ZRX, and XLM – as it brings its card to ten new countries.
  • Mastercard launches Mastercard Accelerate, a worldwide initiative that gives fintechs access to the company’s suite of digital solutions to help differentiate their offerings.
  • Finastra inks partnership with UAE-based United Arab Bank, which will deploy the company’s Fusion Corporate Channels and Fusion Cash Management solutions.

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

  • TSYS Unveils New Authentication Solution
  • Dorsum Builds Wealth Management Platform for BNP Paribas in Poland.

Around the web

  • Plaid discloses role of Visa and Mastercard as strategic investors in its $250 million Series C round from December.
  • iSignthis secures patent from European Patent Office for PSD2, SCA, and KYC.
  • SoFi inks 20-year arrangement for exclusive naming rights for the new Sofi Stadium where National Football League teams the Los Angeles Chargers and the Los Angeles Rams play.
  • Payoneer amps up cybersecurity efforts to significantly reduce phishing attempts.
  • Larky launches its nudge code library to bundle geo-location and engagement technology directly into mobile banking apps.
  • Spreedly launches Spreedly 3DS2 to help execute 3DS2-compliant transactions across multi-gateway environments.
  • BNP Paribas Bank Polska to implement Dorsum’s wealth management platform.

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

  • ezbob Offers Smart Onboarding Solution.
  • BizEquity Acquired by American City Business Journals.

Around the web

  • Spreedly – in partnership with Webio – wins 2019 Innovation Lab Award at Payments Ed Forum.
  • Australian FinTech looks at the possibility of iSignthis becoming the next big neobank.
  • Infosecurity Magazine features Veridium Chief Revenue Officer Jason Tooley on the challenges law enforcement faces when using biometrics.

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

  • Overbond Launches COBI Matching in Pivot to Analytics.
  • YellowDog Raises $3.3 Million in Series A.
  • Nutmeg Says No to IPO, Opts for Crowdfunding Instead.

Around the web

  • Ledger integrates with Cardano’s ADA and Yoroi Wallets.
  • Insuritas partners with SouthEast Bank to launch bank-owned digital insurance agency platform.
  • Adobe unveils Commerce Cloud, a customizable and scalable platform to manage, personalize, and optimize the commerce experience.
  • SigFig unveils SigFig Atlas, a financial advice and software-guided sales platform.
  • InComm and WH Smith launch in-store, online hubs for game cards in the U.K.
  • UBank integrates Watson into its customer service offerings with RoboBrain, a Watson-enabled virtual assistant.
  • Token.io and Konsentus launch fast PSD2 compliance solution by combining a PSD2 API with automated TPP verification.
  • Verimi and Signicat partner to deliver verified digital identity solution for European enterprises.
  • HooYu to provide ID verification for esports betting platform, Luckbox.
  • Qover earns a spot on Programmable Web’s list of 13 Notable Insurance APIs.
  • WRAL Tech Wire features Spreedly in a look at local technology companies.

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.

FinovateFall Sneak Peek: Spreedly

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Spreedly gives you one connection to more transactions. With the Spreedly payments infrastructure, you can use tokenized card data to transact with virtually any payment API or gateway worldwide.


  • Connect payment systems to partners to scale scope of offer
  • Process transactions even when multiple merchants are involved
  • Build innovative payments solutions on a powerful, complete infrastructure

Why it’s great
Spreedly’s PCI-compliant payments infrastructure helps teams build innovative payment solutions that support their unique, growing, and global businesses.


Justin Benson, CEO
Benson has helped drive Spreedly’s dramatic growth via a successful pivot, fundraising, and evolution of the company’s go-to-market strategy. He has a strong sales and technical background.


Daniel Wideman, VP of Product
Wideman has two decades of experience in high-tech as a manager and business executive specializing in product strategy, product management, software development, strategic partnerships, and business development for startup and high growth companies.

Finovate Alumni News

On Finovate.com

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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

  • Business-only Australian bank Tyro forges partnerships to improve connectivity between POS, apps, and merchants.
  • Finastra appoints Elona Ruka-Wright as its new Chief Risk Officer.
  • Australian FinTech Study Loans partners with Cloud Lending Solutions to build new student loan offering.
  • LendingTree to acquire Ovation Credit Services for total consideration of $20.75 million.
  • Socure secures three new ISO certifications for privacy and security controls.
  • Spreedly to integrate Worldpay’s international payment processing API courtesy of new partnership.
  • Hypepotamous profiles South African authentication specialist Entersekt.

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.

FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register today.

Developer news

  • Emirates NBD Group and the Open Bank Project launch a global competition for fintech startups.

The latest from upcoming FinDEVr New York 2015 presenters:a

  • Markit to deploy smart automation technology from WorkFusion.
  • Nerdwallet profiles robo-advisor Betterment.

Alumni updates

  • Spreedly secures $3 million financing round.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Spreedly Secures $3 Million Financing Round


Payments software startup Spreedly closed a $3 million round of funding this week.

Contributors to the round include existing investors, along with Belgian venture fund Emerge, and Harold Mechelynck, a new investor.

The North Carolina-based company, which prides itself on concentrating solely on software for payments, now boasts a total of $5.5 million in funding since it was founded in 2008. The company plans to use the new funds to expand operations, accelerate product development, and introduce new features.

Along with the increase in its venture capital investments, Spreedly has grown as well. On an annualized basis, the company handles a total of $3 billion in transactions, up from $1 billion in June 2015. Spreedly CEO Justin Benson comments on the company’s growth:

Since focusing our business on creating new opportunities for merchants, platforms and payment providers to work together, we’ve substantially increased our customer base, the number of transactions we conduct, and our future potential.

Originally focused on subscription-based payments, Spreedly pivoted in 2013 to launch a credit card vault in the cloud. The new platform enables businesses to securely tokenize client credit card information for repeat transactions across any of the 100+ payment gateways it supports, all while remaining PCI compliant. The company handles 1+ million transactions every month for its 300 clients.

At FinovateSpring 2014, Spreedly’s CEO Justin Benson and Business Development Brendon Prebble showed off the company’s new payment-distribution method and card-on-file updater.

Most recently, at FinDEVr San Francisco 2015, Spreedly CTO Nathaniel Talbott explains how Spreedly’s APIs help navigate the payments ecosystem.

For more developer-focused presentations, check out our FinDEVr developer showcase in New York on March 29 & 30, 2016. Register by Friday to save on early bird price and lock in your spot.

Finovate Alumni News

On Finovate.com

  • Spreedly Secures $3 Million Financing Round”
  • Xendpay Brings its Money Transfer Service to Tanzania, Burkina Faso”
  • Cardlytics Takes Advantage of its Massive Amount of Customer Spend Data”

Around the web

  • Encap Security unveils version 3.1 of its Smarter Authentication platform, including support for Android fingerprint API.
  • Canada’s digital-first EQ Bank goes live with RetailSuite from Temenos.
  • TSYS and Ethoca team up to fight CNP fraud with the TSYS Transaction Recovery Network.
  • i-exceed technologies earns recognition in Gartner’s 2016 look at MADP vendors around the world. See i-exceed at FinDEVr 2016 in New York in March.
  • WSJ builds article on Cardlytics data.
  • Pymnts highlights cost savings from using the Ripple network.
  • Payments Source features Linkable Networks.
  • Signifyd extends integration with Shopify Plus.
  • Moven partners with Freelancers Union.
  • Check Point and IBM Security to share threat intelligence, announce product integrations.
  • TIO Networks ranks 2nd in top 10 tech companies on the 2016 TSX Venture 50.
  • Taulia launches global partner community, announces new partnerships.

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.