Top Direct-to-Consumer Wealthtech Plays

Top Direct-to-Consumer Wealthtech Plays


Our wealthtech industry coverage continues this week. We looked at the industry last week and reviewed the top trends earlier this month. Today we’re taking a look at industry players with B2C offerings—in other words, companies that market directly to consumers and not through businesses.

Since wealthtech is broader than just roboadvisers, we’ve divided B2C wealthtech players into seven categories and laid out our top picks for each group. Since category sizes vary, the number of our selections also vary.

Top in-house builds from traditional players
These are offerings from traditional wealth management firms that have been built in-house (or purchased and then white-labeled) and marketed under the firm’s brand.

Fully automated roboadvisers
These are online platforms that provide automated, algorithm-based portfolio management without intervention from human advisers and without personalized, one-on-one conversations with a human adviser.

screen-shot-2016-12-22-at-4-06-40-pmAcorns takes a unique approach by linking a user’s debit card and investing their “spare change”

Hybrid roboadvisers
These are traditional advisory services, including personalized conversations and actively managed portfolios blended with computerized portfolio recommendations. Business Insider reports hybrid roboadvisers will manage 10% of all investable assets by 2025.

screen-shot-2016-12-22-at-4-11-08-pmSigFig has partnered with multiple banks, including Wells Fargo, Pershing, and Citizens Bank

Non-U.S. roboadvisers

Alternative investing platforms
These are platforms that link participants to unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

screen-shot-2016-12-22-at-4-18-08-pmWith Motif, uses invest in grouped stocks and ETFs that revolve around a common theme

Non-U.S. alternative investing platforms

News and information companies
These are online platforms that help users discover news and market trends before they go mainstream. Some include social networking aspects.

screen-shot-2016-12-22-at-4-23-47-pmTickerTags helps users discover trends even before they become news

Finovate Alums Earn Top Honors at 2016 Benzinga Financial Awards

Finovate Alums Earn Top Honors at 2016 Benzinga Financial Awards


Finovate alum Trunomi took home two awards at the 2016 Benzinga Fintech Awards this week. The KYC and data-sharing solution provider won first place in the Proprietary Technology & APIs and Most Promising Startup categories.

Also winning top honors were Loyal3, which took first place in the Leveling The Playing Field category, and SmartAsset, which won first place in the Best Educational Tools & Services category.


This year was the second for the Benzinga Fintech Awards. More than 250 companies from five countries competed for this year’s awards, including Founder of the Year which was awarded to TickerTags founder, Chris Camillo.

Other alums earning recognition were runners up PsychSignal (Finding Alpha category) and WealthForge (Lending & Alternative Investments category). TipRanks picked up a runners up spot in the Research Platforms, Apps & Tools category, as well as third place overall. DriveWealth earned an honorable mention in the Innovation in Mobile category for its Passport solution.

See the full list of 2016 finalists.

Jason Raznick, founder and CEO of Benzinga, congratulated this year’s winners and praised their “forward thinking and product development.” This year marked the second strong performance at the Awards from Finovate alums in general and TipRanks in particular, which in 2015 took top honors in Trade Recommendations category in 2015. Other alum winners from 2015 include Betterment, EquityZenLikeFolioMarket Prophit, Motif InvestingPersonal Capital, and HedgeCoVest, which won runners up in the Most Disruptive category, Best in Class in the Robo Advisor Tools category, and first place overall.

Finovate Alumni News


  • Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard
  • Thanks to Xignite, the #FintechRevolution Will Be API’d”

Around the web

  • Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states.
  • Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4.
  • iSignthis to provide KYC services to Danish payment processor and card acquirer, Clearhaus, beginning in early 2016.
  • LeasePlan Bank implements Matrix digital banking platform from Five Degrees.
  • Peoples Bank & Trust hires Insuritas to launch turnkey insurance agency.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect your ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • TABB Research features Heckyl Technologies, Market Prophit, PsychSignal, and TickerTags in its new report on “social alpha 2.0.”
  • Nexmo teams up with mobile operator, H3G, to bring its SMS-based user-authentication technology to Sweden and Denmark. See Nexmo at FinDEVr 2015 in San Francisco next 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.

Finovate Alumni News


  • “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.

TickerTags Launches in Beta

TickerTags Launches in Beta


TickerTags, a startup that surfaces market trends before they become news, launched the beta version of its platform for investors last week.

TickerTags charts the number and sentiment of conversations around a brand and other key words to help investors anticipate a rise or fall in the company’s stock price. The TickerTag database holds 350,000 keywords and phrases associated with 8,000 publicly traded companies.

The platform lets users create up to 40 Private Tags, for example, Kate Spade + Love and Michael Kors + Love to help forecast the stock price activity of public handbag companies.


The Dallas-based company, which debuted the platform at FinovateSpring in May, plans to price subscriptions at $30 per month for 40 Private Tags. Right now, it’s letting users track up to 40 tags for free until the end of this year.

The company plans to launch sentiment analysis in a few months and will add trend data from Facebook by the end of this year.

Finovate Alumni News


Around the web

  • Lendio launches new commercial real estate financing division.
  • AcceptEmail announces first major reseller agreement since opening U.S. headquarters.
  • Weinstein Company to use Cardlytics’ Box Office Purchase Data to engage with active moviegoers.
  • TransferTo enables Xoom customers to instantly send airtime credit online from the U.S. to international prepaid mobile phones.
  • Payment Alliance International to offer CardFlight’s EMV mPOS acceptance solutions to its market-partner distribution-network and merchant customers nationwide.
  • Yodlee’s write up of fintech innovation in Europe highlights TransferWise.
  • State Bank of India partners with BankBazaar to provide an online platform to home loan borrowers to apply for SBI Home Loans.
  • MetaBank partners with InComm to become an issuing bank for InComm’s prepaid card programs.

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


  • “Finovate Debuts: Whodini Takes KYC to the Bluetooth Level”
  • “DriveWealth Hires Harry Temkin as New Chief Information Officer”

Around the web

  • PYMNTS chats with Morgan Beard, strategic marketing director at TSYS about how “Bring Your Own Persona” applies to banking.
  • Akamai Technologies partners with CU Cloud, China Unicom’s cloud business, to offer web performance, media delivery, and cloud security services.
  • TransferWise surpasses £500 million transferred worldwide every month, representing 2% of the U.K.’s global remittance market.
  •’s column on the secrets of crowdfunding success highlights Realty Mogul.
  • Financial Times profiles European payments innovator, Klarna.
  • GAINSCO Auto Insurance to provide agents with e-signature technology from Silanis Technology.
  • Wealth Management looks at the “new breed” of fintech companies specializing in alternative investments such as HedgeCoVest and Hedgeable.
  • Benzinga’s Jim Probasco interviews Sang Lee, CEO and co-founder of DarcMatter.
  • Edenred Mexico to deploy real-time transaction-monitoring and customer-analytics technology from INETCO Systems.
  • Market Prophit and TickerTags are featured in a Waters Technology column on the changing nature of market data.
  • HuffPo Business interviews TrueAccord COO Sofya Pogreb as part of its series on women in business.
  • Coin Telegraph lists Bitbond, Wealthfront, and TrueAccord in its roundup of “rising fintech startups.”
  • looks at how Trulioo defends startups against credit card fraud.
  • How Motif CEO Hardeep Walia and Personal Capital CEO Bill Harris feel about the term “robo-advisor”.

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.

TickerTags Connects Trending Social Content to Investable Companies

TickerTags Connects Trending Social Content to Investable Companies

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

TickerTags logo copyOur next demonstration comes courtesy of TickerTags. The company helps investors spot opportunities in the market by connecting trending themes with underlying companies and stocks:

TickerTags is a public taxonomy comprised of 250,000 keywords and phrases (tags) that are associated to 8,000 public tickers. The TickerTag library is monitored by select crowd-sourced investors who leverage their knowledge to help refine, broaden, and update tags across sector and stocks. Frequency and sentiment of tag-mentions across conventional news and social channels are historically indexed for benchmarking, comparison, charting, and alerting. The TickerTags taxonomy evolves news monitoring from view-limited tickers to social-monitored tags that serve to parse the world’s data streams without human bias.

TickerTags’ presenters: Co-founders Chris Camillo, CEO; Jordan McIain, CTO



Product Launch: May 2015

Metrics: $2M raised; 10 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.

HQ: Dallas, Texas
Founded: August 2013
Twitter: @tickertags

FinovateSpring 2015 Sneak Peek: Part 2

FinovateSpring 2015 Sneak Peek: Part 2



FinovateSpring 2015 is just over a month away. Our annual spring conference returns to San Jose, 12/13 May for two days of live demos of the latest in fintech innovation.

Today we introduce you to another seven companies that will be on stage presenting their technical solutions to some of the financial community’s biggest challenges—from improving engagement through mobile and social channels to improving security and reducing friction for business and individual consumers.

Be sure to check out Part 1 of our Sneak Peek series featuring Alpha Payments Cloud, CUneXus, DRAFT, FundAmerica, SayPay, StockViews, and TrueAccord, as well.

Tickets are going fast. Register today and save your spot at our second Finovate show in San Jose.

Bento_logo_box_snaggit_resizeBento for Business provides financial solutions that fit small businesses, combining the security of a bank with the ease and convenience of a modern technology company.


  • The Bento Prepaid Commercial MasterCard provides small business owners with controls, such as where, when, and how much their employees can spend without putting their owners’ personal credit at risk.

Why it’s great
Bento’s solutions are designed to save owners time and help eliminate expense ‘leaks,’ a type of fraud that can cost them up to 5% of their revenue each year.


Bento_FAhamd_cropFarhan Ahmad, Co-founder and CEO

Ahmad was formerly managing director at Barclays and the global head of emerging payments and prepaid for Discover Financial Services. He has held leadership roles at JPMorgan Chase, Bank One and First USA.


Bento_SAnderson_cropSean Anderson, Co-founder and Chief Product Officer

Anderson was formerly senior director of emerging products at Blackhawk Network, where he built and launched their open API platform, launched an offers platform, and developed a prepaid processing platform.


DoubleNetPay_logo_box_snaggit_resizeDoubleNet Pay automatically pays bills and funds savings goals directly from an employee’s paycheck, eliminating guesswork, late fees, and budgeting hassles.


  • Seamless integration with major payroll processors
  • Allows an employee to simply snap a picture of a current bill stub
  • Employees can easily create, fund, and redeem custom savings goals

Why it’s great
Bills are paid and savings funded automatically on payday, just like payroll taxes.


DoubleNetPay_BCosgray_cropBrian Cosgray, Founder and CEO

Cosgray has spent his entire career in financial services. Working with customers across the economic spectrum convinced him of the need to simplify and automate how people pay bills and save money.


DoubleNetPay_CLaird_cropCody Laird, Co-founder and COO

Laird is a financial technology veteran. Prior to co-founding DoubleNet Pay, Cody spent 21 years with SunTrust Bank helping to design and build their current retail banking platform.


DoubleNetPay_BLevy_cropBret Levy, Co-founder and CTO

Levy has been responsible for the architecture of many innovative, highly scalable software systems, most notably the Scientific Games system that powers most state lotteries.


KarmicLabs_Dash_logoKarmic Labs provides API-based payment and SaaS solutions for card issuance (initially commercial market). Karmic offers Dash, FIS, and also uses Karmic’s APIs to offer its own product to FIs.


  • Robust API infrastructure for commercial card issuance
  • Payment virtualization layer
  • Creates a marketplace of innovative financial technology and SaaS solutions for the commercial market.

Why it’s great
Karmic labs offers API-based payment and SaaS solutions, of which its first product is Dash; the APIs are also used by FIS, a global leader in banking and payments technology, for its own product to FIs.


KarmicLabs_RWeidenmiller_new_small_cropRyan Weidenmiller, CEO

Weidenmiller is an entrepreneur who built a top-ranked venture capital fund in China, now working on Karmic Labs’.


KarmicLabs_CAgerton_crop2Chris Agerton, CTO

Agerton was previously at Google, and was a founding engineer at Pinterest, responsible for developing high-availability architecture at Scribd.

FIS_TLand_FS15Troy Land, Group Executive of Emerging Commerce, FIS

Land is the group executive of emerging commerce at FIS within the retail payments division; he holds expertise in business and product development.


SizeUp_logoSizeUp: SizeUp FI (financial insitutions) is big-data for small businesses. It enables FIs to provide their customers with business intelligence through the FI’s own website.

Features of SizeUp FI:

  • Enable your FI’s customers to :
    • Compare their business performance with that of industry competitors
    • Find customers, suppliers, and competitors
    • Discover best locations to advertise

Why it’s great
SizeUp FI delivers a deeper business-customer partnership through success assistance; “sticky” client engagement; FI services awareness; and big-data insights that SMEs couldn’t previously access.


SizeUp_AUbalde_cropAnatalio Ubalde, CEO and Co-founder

Ubalde is a successful entrepreneur leading Software as a Service (SaaS) ventures focused on data-driven solutions for small businesses and economic development.


SizeUp_TBarron_cropThomas Barron, VP Business Development

Barron has developed corporate partnerships for 15 years from Fortunte 500 companies to 5-person startups. He previously worked at Visa developing strategic partnerships.


Stratos_logo_snaggitfromboxStratos consolidates cards into one dynamic card, making payments secure and smart. Stratos Digital Card Issuance Platform allows cards to download instantly, digitizing physical fulfillment.


  • Ensures virtual top of wallet, increases consumer engagement and loyalty
  • Provides secure card and wallet data
  • Eliminates costly physical card fulfillment

Why it’s great
Starts card working with Stratos Digital Card Issuance Platform to reinvent, not only your wallet, but also cards—just like the iPod and iTunes reinvented your CD collection.


Stratos_TOlson_cropThiago Olson, Co-founder, CEO

Olson worked at CERN and the Department of Defense and is a leader in next generation payments. He graduated with honors in engineering and physics at Vanderbilt.


Stratos_HBalanon_cropHenry Balanon, Co-founder, CTO

Balanon brings technical leadership and expertise to Stratos from his previous experience as co-founder of Detroit Labs, a leading mobile-app agency.


TickerTags_logoTickerTags connects trending social content to investable companies through the monitoring of 250,000+ crowdsourced Tags that have the potential to impact a company’s business.


  • Track social velocity and sentiment of products/brands driving your investment
  • Create your own Tags to associate with Tickers for personalized trending notifications
  • It’s free

Why it’s great
We are a community-maintained platform intent on democratizing information-flow by evolving new monitoring from view-limited tickers to social -monitored tags.


TickerTags_CCamillo_cropChris Camillo, Co-founder, CEO

A pioneer in social arbitrage investing, Camillo’s audited portfolio has averaged 84% annual returns over the past 8 years.


Trulioo_logoTrulioo’s bank-grade AML/KYC identity-verification product, GlobalGateway, enables businesses to perform frictionless ID verification for 3 billion people in more than 40 countries via 140 data sources.


  • Builds confidence and trust by preventing fraud and identity theft
  • Saves time, money, and resources through automated online ID-checks
  • Eliminates barriers to market entry

Why it’s great
Trulioo’s GlobalGateway provides advanced analytics from cyber and traditional data sources to verify identities online by powering fraud and compliance systems worldwide, increasing trust and safety.


Trulioo_SUfford_cropStephen Ufford, Founder, CEO

Ufford has founded four data-focused startups over the last decade while working in the role of CEO. As a serial entrepreneur, he challenges the status quo and if it’s broken, he likes to fix it.


Trulioo_AKvitnitsky_cropAnatoly Kvitnitsky, Director of Corporate Development

With solid startup and corporate experience, Kvitnitsky leads strategic partnerships and data acquisition for Trulioo.