Finovate Alumni News

On Finovate.com

  • “Five Alums Earn Finalist Spots in Global Banking Innovation Awards 2015″
  • “Capriza Chosen by Flextronics, Marvell, NTT, Symantec to Boost Workflow Efficiency”

Around the web

  • FusionInvest from Misys wins “Best buy-side pricing and market display” at Systems in the City Awards.
  • Avalara and ePages partner to provide cross-border transaction tax-compliance solution. See Avalara at FinDEVr 2015 in October.
  • Der Finanzprodukt Blog profiles social payments innovator, Fastacash.
  • Dublin Globe asks if Fenergo is the “best kept secret in Irish tech.”
  • Bitcoin Magazine takes a look at how Blockstack uses the blockchain to provide clearing and settlement services for banks. Join Blockstack at FinovateFall 2015 in New York City in September.
  • Taulia and Tradeshift earn spots on CIO Review’s 20 Most Promising Procurement Solution Providers for 2015.

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

  • “Santander UK Launches Cash Kitty PFM App Developed with Kalixa, Monitise”

Around the web

  • Lend Academy podcast features Kathryn Petralia, Kabbage co-founder. Come see Kabbage at FinDEVr 2015 in San Francisco.
  • GMC Software releases GMC Inspire R10 customer communications management software.
  • DevNetwork profiles WePay at the API World 2015 conference.
  • DriveWealth joins with World Merit to promote the first Financial Literacy Challenge.
  • Sonavation unveils technology that puts fingerprint sensors under Gorilla Glass.
  • Top Image Systems inks deal with Bahrainian Xerox distributor, Business International all.
  • Dallas Business Journal interviews Chris Camillo, TickerTags founder.
  • Prosper begins debt-sale recovery strategy; charged-off loans will be packaged together for a debt sale.
  • AlwaysOn selects Taulia as an AlwaysOn Global 250 winner.
  • Beehive Startups takes a peek at MX’s culture. Check out MX’s presentation for developers at FinDEVr 2015 in San Francisco.
  • GROWMARK selects Avalara AvaTax Excise & Returns Excise Enterprise. Avalara will present at FinDEVr 2015, 6/7 October.
  • Forbes column on top fintech trends highlights MaxMyInterest, Prosper, Lending Club, Betterment, Vanguard, CUneXus, Patch of Land, and DarcMatter.

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

  • Kantox Picks Up $11 Million in Series B, Doubling Total Capital
  • Guide Financial Acquired by John Hancock Financial

Around the Web

  • Misys unveils its in-memory analytics engine, FusionBanking Insight.
  • True Potential launches its Apple Watch app.
  • Commonwealth Bank of Australia begins testing Ripple as intra-bank transfer solution.
  • Michigan-based Isabella Bank to deploy workflow suite from Jack Henry & Associates.
  • Lending Club CEO talks about the brand-building benefits of going public.
  • Jet Propulsion Laboratory partners with eSignLive from Silanis Technology for end-to-end digital e-contracting.
  • Bankless Times features Avoka and its friction-minimizing, customer-onboarding technology.
  • PayPal to provide Touch ID support for its iOS app.
  • Gold Bullion International announces expansion into Asia.
  • eBay partners with Taulia to launch Preferred Supplier Program.

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.

$680 Million Raised by 29 Alums in Q1 2015

$680 Million Raised by 29 Alums in Q1 2015

cartoonmoneystackThe biggest surprise in our look at first-quarter funding is that the $677 million amassed by 29 Finovate alums was more than 20% of the $3.2 billion invested in the entire worldwide fintech sector.

The $677 million raised was $85 million (+14%) above the same quarter a year ago, and more than triple the first quarter of 2013.

Q1 2015 was also $133 million above the $544 million mark set in the fourth quarter of 2014.

It will be worth watching to see if this record-setting first quarter for Finovate alum fundraising will be a sign of more great things to come for capital-raising in 2015.

Top 10 Overall Investments

  1. Xero: $111 million in February
  2. Coinbase: $75 million in January
  3. Betterment: $60 million in February
  4. TransferWise: $58 million in January
  5. App Annie: $55 million in January
  6. Ayasdi: $55 million in March
  7. Motif Investing: $40 million in January
  8. Ripple Labs: $30 million in January
  9. Bill.com: $50 million in February
  10. Pindrop Security: $35 in February

Previous Quarterly Comparisons

  • Q1 2015: More than $676 million raised by 29 alums
  • Q4 2014: More than $544 million raised by 25 alums
  • Q1 2014: More than $600 million raised by 8 alums
  • Q1 2013: More than $155 million raised by 14 alums

January: More than $275 million raised by 14 alums

February: More than $264 million raised by 8 alums

March: More than $136 million raised by 7 alums

If you are an alum that raised money in the first quarter of 2015, and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.

Finovate Alumni News

On Finovate.com

  • Feedzai Announces More than $17 Million in New Funding
  • Friction is Good: Social Network for Credit Innovator, Vouch Raises $6 Million

Around the web

  • Financial Guard launches its enhanced, fee-transparency service.
  • defi SOLUTIONS acquires OpenRule Systems APM.
  • Benzinga interviews Andy Swan, LikeFolio co-founder.
  • Wizzio by Novabase featured at IBM World of Watson event.
  • CNBC talks about P2P currency transfer with TransferWise CEO Kristo Kaarmann.
  • Motif Investing earns spot on CNBC’s Disruptor list.
  • Xero ranked #1 Forbes Most Innovative Growth Company 2015.
  • Lending Club receives Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California.
  • Xero scoops Company of the Year at annual Hi-Tech Awards.
  • Payments Source looks at how Taulia speeds up payments for businesses.
  • Google drops cloud computing prices by up to 30%.

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

  • Xero’s new feature helps businesses manage their data with a new dashboard that displays a variety of benchmarking metrics.
  • Pymnts talks with Eric Remer, founder and CEO of PaySimple, about its holistic payments solution.
  • Taulia launches mentorship program for women.
  • iSignthis inks agreement with SolidTrustPay to provide identity and authentication services.
  • MasterCard acquires Applied Predictive Technologies (APT) for $600 million.
  • Business Solutions profiles security specialist, Arxan Technologies.
  • The Economist features MaxMyInterest, a solution for “yield-hungry savers.”
  • Nasdaq’s Street Authority contrasts Vanguard with “robo-advisers” including Betterment, FutureAdvisor, Motif Investing, and Wealthfront. Join Vanguard in San Jose in May for FinovateSpring 2015.
  • Place2Give launches Nepal Relief Fund.

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

  • Xero and ZenPayroll Win Honors at CPA Practice Advisor 2015 Reader’s Choice Awards
  • Finovate Debuts: Using Financial Media Solutions’ MAPPS to Create Videographics

Around the Web

  • MasterQueue, powered by Intellaegis, partners with Whitepages Pro.
  • Bitpost lists Coinbase and Blockchain as 2 of the top 5 bitcoin wallets on Android.
  • EVO Payments partners with Boomtown to simplify tech support for POS developers and merchants.
  • Fintech Today reports: With Paydiant, PayPal Will Be a Huge Hit with Merchants.
  • Blackhawk to integrate Kofax Mobile Capture SDK into its digital services platform.
  • Team One CU to pilot MShift’s AnyWhereMobile payment-network with a locally owned restaurant in Michigan.
  • SecondMarket’s Bitcoin Desk Relaunches as Genesis Trading.
  • Taulia named by AlwaysOn as a 2015 OnFinance Top 100 Company.
  • According to Gartner, Check Point Software Technologies lead the worldwide market share for firewall equipment in Q4 2014 and FY 2014.

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

  • Dealstruck Raises $8 Million in Funding, $50 Million for New Credit Facility
  • BBVA Taps Dwolla for Real-time Money Transfers

Around the web

  • Vouch launches its social network for credit. See Vouch at FinovateSpring 2015 in San Jose.
  • Retail Week features Zooz as its Start-up of the Week.
  • Vermont Federal Credit Union partners with Insuritas to open and manage turnkey insurance agency.
  • Optimal Payments integrates Jumio’s Netverify into its NETELLER stored-value service.
  • BillGuard launches custom categories capability.
  • Taulia Launches Research Arm, Taulia Labs.
  • Norway Registers Development agrees to take 80% stake in Etronika.
  • PayNearMe partners with online rent payment network RentMoola to enable landlords to take rent in cash online.

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

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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.

Taulia Appoints Cedric Bru as CEO

Taulia Appoints Cedric Bru as CEO

TauliaHomepage42015

Earlier this week, supply-chain-management solutions-provider and e-invoicing company, Taulia, announced a change in company leadership. After six years leading the company, Bertram Meyer, Taulia co-founder and former CEO, has stepped down and appointed Cedric Bru to replace him as CEO.

Bru has spent his career at Visa, Hewlett-Packard, and Syncada. He most recently served as chief sales officer at Taulia, and has been with the company since 2013. During his time as CSO, Bru has helped Taulia more than double its number of customers and build international partnerships.

MeyerandBru

Pictured are Bertram Meyer (left) and Cedric Bru (right)

Meyer will stay on Taulia’s board of directors to focus on European expansion and the company’s go-to-market strategy.

This is Taulia’s second C-level change this year: In January the company hired a new CFO; in February, it raised $15 million in funding.

Taulia debuted Enhanced Discounting to the European market at FinovateEurope 2015.

Finovate Alumni News

On Finovate.com

  • “CardFlight Unveils EMV-Ready Chip Readers for SwipeSimple”

Around the web

  • Sonavation launches its IDKEY biometric security key that uses 3D Surface Scan Ultrasound technology.
  • CMSWire interviews Michael Laurie, co-founder and VO of product strategy at Silanis Technology.
  • iExpats takes a look at Azimo in a column on the costs of foreign currency transfers.
  • Arxan Technologies Security Solutions architect Matt Clemens talks mobile app security on Federal News Radio.
  • PaymentsSource’s look at “strange mobile security methods” features EyeVerify and Bionym.
  • IntelliResponse wins bronze at 9th annual Stevie Awards for Sales & Customer Service.
  • Jack Henry & Associates to be honored at Cedar Falls Business & Industry Association event.
  • Now Digital Network reviews Kashoo in column on ways to streamline small business accounting.
  • Computing U.K. features TransferWise and its use of big data to drive its social media marketing.
  • The CoinFront reports on Klarna’s “experiments” with bitcoin.
  • AMP Credit Technologies wins “Highly Commended Award for Best Initiative in Financial Inclusion” at the 6th Retail Banker International Asia Trailblazer Awards in Singapore.
  • TIO Networks now has 1+ million registered members in its direct-to-consumer user base.
  •  Taulia names Cedric Bru as new CEO.

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—February 18, 2015

  • Mitek launches Commercial Mobile Deposit Capture, bringing MDC technology to the enterprise.
  • Malauzai reports doubling revenues, growth of customer base to more than 300 community banks and credit unions.
  • D3Banking adds to leadership team with four new appointments.
  • Check out FinovateEurope 2015 in the press.
  • Bluefin Payment Systems to provide Decryptx point-to-point encryption (P2PE) solution to Heartland Payment Systems’ clients.
  • Temenos purchases Akcelerant to accelerate growth in North America.
  • Lending Club partners with BancAlliance, a national consortium of 200 community banks.
  • Fast Company lists BehavioSec, Ripple, Braintree, Expensify, NICE and BlueVine as top innovative companies in the money category
  • PYMNTS discusses retail’s adoption of mPOS with Bluefin Payment systems.
  • ayondo clients now receive free access to real time analysis tools from StockPulse.
  • Kantox uses Apply Financial’s API to enhance customer service and enable more integrated international payments.
  • TechFlash interviews Payfone CEO and co-founder Rodger Desai.
  • Stockhouse: TIO Networks poises to capture major portion of mobile payment market.
  • USA Today highlights Tuition.io for student debt management.
  • TransferWise launches in United States.
  • Code CU to use Insuritas for insurance agency solution.
  • Coinbase Android and iOS apps now available in 11 new languages.
  • Global Financial Private Capital selects HiddenLevers to help advisors grow their practice.
  • Tradier’s API takes 15 million production calls in Jan., a 33% increase in a single month.
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.