TradeIt

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: 3rd-eyes, aixigo, ArthaYantra, BaseVenture, Capitalise, cbanc Network, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Nordigen, Scalable Capital, Sentifi, TradeIt, Trizic, Wealth Wizards, WealthForge, Xero, Xignite

On Finovate.com

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    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.

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    TradeIt To Be Acquired by TradingView

    TradeIt To Be Acquired by TradingView
    By David Penn Posted on
    Categories: Mergers & Acquisitions, TradeIt

    Trading API and app developer TradeIt has agreed to be acquired by long-time partner TradingView. The company will leverage TradeIt’s technology to bring mobile trading to the more than 10 million monthly active retail users in 150+ countries who use its social trading platform. Terms of the deal were not disclosed.

    The acquisition is the latest evolution in a relationship that extends back “several years,” according to TradeIt CEO and founder Nathan Richardson. “TradingView’s vision aligns strongly with our view of the distributed financial networks of the future,” he said. “(We’ve) always felt our complimentary products and shared retail investing users makes us stronger together.”

    TradeIt’s API infrastructure connects to more than $70 billion in actively traded assets at top U.S. brokerages. Its technology enables financial publishers and app developers to link users’ brokerage and investment accounts, and provides support for transactions in most asset classes, including stocks, ETFs, options, and currencies. TradeIt’s solutions include Trading Ticket,  an order management tool; PortfolioView, which links and provides access to account balances and positions; and Account Opening, which enables customers to open new brokerage accounts in less than two minutes.

    TradeIt noted in its statement that brokers have seen a 10x increase in activity among active traders and a 5x gain in account funding when linked to TradeIt’s platform. The company’s partners include Bloomberg, Business Insider, as well as fellow Finovate alums TipRanks and Divy.

    In the announcement, TradeIt and TradingView quoted Insight Venture Partners’ Paul Szurek who express optimism about the new, combined entity. “The product pipeline of account opening and messaging services being delivered by TradeIt makes TradingView an essential retail investors service,” he said. Insight Venture Partners led a Series B round for TradingView last year.

    TradingView CEO and founder Denis Globa added the combination will help make his company “part of the backbone of the investing ecosystem.” He said that TradingView also will add to TradeIt’s ecosystem with new account opening and messaging solutions. TradeIt users will gain access to TradingView’s charting and quoting functionality.

    TradeIt demonstrated its technology at FinovateFall 2015. Founded in 2014, the company is headquartered in New York City.

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    Finovate Alumni News

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: BehavioSec, Bill.com, CoverHound, D3 Banking, Jack Henry, On Deck Capital, TradeIt

    On Finovate.com

    • TradeIt To Be Acquired by TradingView.
    • Fintech’s Newest Unicorn Bill.com Raises $88 Million in New Funding.

    Around the web

    • BehavioSec listed among Enterprise Management Associates’ Top 3 Report Ten Priorities for Enabling Identity Management in 2019.
    • Zions Bancorporation selects D3 Banking’s Digital Banking Platform.
    • Commonwealth Bank & Trust selects Jack Henry to improve efficiency, attract business with modern services.
    • CoverHound to open an East Coast office in Charlotte.

    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.

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    TradeIt Teams Up with TradingView to Help Retail Investors Reach Big Brokers

    TradeIt Teams Up with TradingView to Help Retail Investors Reach Big Brokers
    By David Penn Posted on
    Categories: TradeIt

    Thanks to a new partnership between TradeIt and TradingView, average retail investors and traders will be able to buy and sell with some of the biggest brokers in North America.

    “There are very few tools out there that give a complete picture of the market in a way that is conducive to both beginners and more advanced traders,” Trade It CEO Nathan Richardson said. “We are excited to be working with TradingView as this partnership will power retail investing across the web, a match made in heaven.”

    TradingView is the largest social networking and data analysis tool for financial markets. The Chicago, Illinois-based company aims to give non-professional traders a “Bloomberg-like experience” with free charts and analysis, as well as the ability to share and discuss their own trading and investing ideas in real-time. TradingView’s platform leverages HTML5 to relieve users of installation and setup. The technology is compatible with a variety of formats, including iPad, tablet, and smartphone.

    “With millions of users around the world, our mission is to provide the trading community with a comprehensive solution for investing, from social networking to research,” TradingView CEO Denis Globa said. “The developments we’ve made in recent years have not only benefited our user base, but they’ve expanded our global reach.”

    TradeIt demonstrated its platform at FinovateFall 2015. Last month, the company announced that it was partnering with IBM Cloud for Financial Services to make it easier for developers to add universal brokerage functionality to their apps and platforms. The company’s solutions include TradingTicket, which enables investors to make, retrieve, and cancel market orders; PortfolioView, which links investors’ account balances and positions for easy monitoring; and SmartAds, which delivers highly targeted financial ads to help firms further optimize the platform.

    Headquartered in New York and founded in 2014, TradeIt has raised $12 million in funding. The company includes Newfund Capital and Valar Ventures among its investors.

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    Finovate Alumni News

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Compass Plus, Continuity Control, CREALOGIX, Entrust Datacard, Expensify, Mambu, SocietyOne, TradeIt, Trading Ticket

    On Finovate.com

    • Getting Gritty with Fintech’s Top Trends.
    • TradeIT Teams Up with TradingView to Help Retail Investors Reach Big Brokers.
    • Get Your VAT Back: Expensify Integrations to Streamline Reclamation.

    Around the web

    • Mambu extends capacity with Integration Platform as a Service.
    • Entrust Datacard and Blackboard partner to enhance the ID card issuance process.
    • Peer-to-peer lender SocietyOne hits $500 million in loans.
    • CREALOGIX reports record sales for the third time in a row.
    • Compass Plus expands its processing business with Mastercard and Visa certified UK-based processing center.
    • Continuity recipient of 2018 Marcum Tech Top 40 Award.

    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.

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    TradeIt Teams Up with IBM Cloud for Financial Services

    TradeIt Teams Up with IBM Cloud for Financial Services
    By David Penn Posted on
    Categories: TradeIt, Trading Ticket

    Thanks to a new partnership between TradeIt and IBM Cloud for Financial Services, developers will find it that much easier to add universal brokerage functionality to financial apps, platforms, and websites. TradeIt announced this week that developers would be able to use TradeIt’s instant order management solution TradingTicket and its portfolio management product PortfolioView on the IBM Cloud in order to synchronize data and trading with most online U.S. brokers.

    TradeIt’s technology connects retail investors to their brokers via the myriad financial services they interact with every day in their mobile banking apps and even social media. By enabling consumers to go seamlessly from reading a stock quote on a watchlist in their PFM app’s dashboard to making an actual investment with their online broker, TradeIt removes friction from the trading and investing process, improving the customer experience.

    And by leveraging APIs, TradeIt is able to make these connections securely, maintaining the privacy of the user’s financial information. “Not only do APIs offer a more tailored solution where you essentially get only what you need,” TradeIt CEO Nathan Richardson said in an interview with eWEEK, “(but also) they create a huge potential for innovation.”

    TradeIt demonstrated its universal mobile brokerage app at FinovateFall 2015. The app features a quick onboarding process that lets customers fill out an application using information from their government-issued identification and their LinkedIn profile. Online brokers then bid for the customer’s application, with the winning broker completing the application process. This gives trading and investing consumers choice, while online brokers benefit from signing on the accounts that are best fits for their businesses.

    TradeIt has raised $12 million in funding and includes Valar Ventures and Newfund Capital among its investors. Founded in 2014, the company is headquartered in New York City. TradeIt’s partners include TheStreet, Marketwatch, Motley Fool, StockTracker, and iStockAlerts.

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