Finovate Alumni News


  • 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


  • 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.
  • 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


  • 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


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


  • 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.

Spreedly Raises $2.5 Million in New Funding


A few weeks ago, when we first read the rumors of new funding for Spreedly, we checked with the source, company CEO Justin Benson. He told us to stay tuned. “Bigger news is coming,” he said.

And so today, with word that the “Payments as a Platform” specialist has raised $2.5 million in new funding, we are happy to say that the bigger news has arrived.

“This new round brings our total raised capital to a little under $5 million,” Benson said in a blog post this afternoon. “We worked with our existing investors E-Merge and as part of this new round we’re thrilled that we were able to add a founder of Ogone to our list of investors,” he said.


Spreedly CTO Nathaniel Talbott speaking during his presentation “The Vault Grown Up” at FinDEVr 2015 in San Francisco.

Benson emphasized the importance of this kind of traction as a motivator to help make it “through the early slog via critical validation.” He also explained how a strategy of targeting “greenfield” opportunities and early investments in the technology enabled Spreedly to get a “fully featured product” to market as quickly as they did. Benson said that the funding would allow the company to invest in sales, business development, and marketing talent “so we don’t remain the best kept secret in payments.”

Spreedly helps marketplaces and platforms accept a wider range of payment types while reducing cost, complexity, and compliance burden. Benson said the company now has nine developers on staff, a trio of “business folks”, and manages 300 marketplaces and platforms that are generating annualized processing volume of nearly $2 billion. Spreedly’s APIs are used by companies including Oxfam, SeatGeek, Tango, and Zomato.

Founded in January 2008 and headquartered in Durham, North Carolina, 12-person Spreedly demonstrated its universal credit card, token technology at its FinDEVr 2015 debut in San Francisco.

Spreedly is also a Finovate alum. The company presented its Payment Method Distribution and Card-on-File updater at FinovateSpring 2014 in San Jose.

Finovate Alumni News


  • “Spreedly Raises $2.5 Million in New Funding”

Around the web:

  • BNY Mellon to deploy iRemit, a cloud-based remittance solution from Top Image Systems.
  • Vouch Financial CEO Yee Lee weighs in on the future of banking.
  • Cardlytics partners with MasterCard to deliver card-linked services.
  • New York Magazine profiles Blooom President Greg Smith, a former Goldman Sachs banker.
  • Mitek adds facial recognition to its ID document-verification solution, Photo Verify.

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.