Finovate Alumni News

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.

TradeIt Teams Up with IBM Cloud for Financial Services

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.

Finovate Alumni News

On Finovate.com

  • CUneXus Raises $1 Million, Signs Partnership with Edmunds.com”

Around the web

  • Tradeshift brings its procure-to-pay solution to Zurich Insurance Group.
  • Suffolk Country National Bank to deploy Fiserv technology to improve customer experience.
  • FIS joins the CardLinx Alliance.
  • Signifyd adds Bill McKiernan, founder of CyberSource, to its board.
  • Shoeboxed earns a spot on NerdWallet’s list of must-have apps for entrepreneurs.
  • Trade IT named runner-up in Wealth Management category of the Fin Track Awards for its Trading Ticket solution.
  • Nostrum Group CEO Richard Carter featured on the cover of the Yorkshire Business Insider.
  • Topicus Finance mentioned in Banken.nl column on the rise of crowdfunding in the Netherlands.
  • Simon Cadbury of Intelligent Environments writes about digital-only banks for TechWeek Europe.
  • “European Breakout List for 2016” features several Finovate alums.

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.

 

Trading Ticket Picks Up $4 Million in Seed Funding from Citi, Valar Ventures

TradingTicket_homepage_Sep2015

So how did you spend the days leading up to FinovateFall 2015?

Finovate newcomer and mobile trading platform developer, Trading Ticket, celebrated its first appearance at Finovate with a $4 million seed investment from Citi Ventures and Valar Ventures.

Ramneek Gupta, managing director and co-head of investing at Citi Ventures, praised Trading Ticket’s ability to “integrate mobile trading seamlessly into online publishing platforms.” Trading Ticket’s TradeIt platform makes trading easier and more secure, enabling traders and investors to trade from partner websites and apps with whatever broker they choose. The technology is expected to go live soon on mobile apps including Stock Trader, Rubicoin, and Investr. Major financial websites like Benzinga, MarketWatch, and The Street.com will also soon feature TradeIt.

As part of the investment, Andrew McCormack (Valar founding partner) and Blake Darcy (DLJdirect founding CEO) will join the Trading Ticket board. Gupta will serve as a board observer.

Trading Ticket distinguishes itself from other mobile trading solutions in three ways, according to company co-founder and CEO Nathan Richardson. “Speed to trade for users, order volume for brokers, and a direct monetization opportunity for publishers who don’t want the conflict of becoming a broker-dealer.” Publishers and web-app developers can integrate TradeIt into their own solutions through the TradeIt API, widgets, a short URL for use with social media like Twitter, as well as an iOS SDK, and ad units. Exchange-traded fund (ETF) providers say the platform helps them “close the sales cycle” with retail investors in particular by making it easier for visitors to buy highlighted fund offerings.

The technology won Trading Ticket “Most Innovative Trading Solution” at Citibank’s Global Mobile Challenge this spring.

Founded in September 2014 and headquartered in New York, Trading Ticket made its Finovate debut at FinovateFall 2015. Video of the company’s live demonstration will be available later this week.

Finovate Alumni News

On Finovate.com

  • “CoverHound Completes $33 Million Series C”
  • “Trading Ticket Picks Up $4 Million in Seed Funding from Citi, Valar Ventures”

Around the web

  • Engage Financial Technology, formerly OnBudget, powers BBVA’s new ClearSpend mobile budgeting app.
  • Eastern Bank to pilot Stratos partner program.
  • PYMNTS considers BlueVine’s approach to factoring.
  • CellTrust named a finalist for Arizona Technology Council’s 2015 Governor’s Celebration of Innovation Awards.
  • SecureKey brings its SecureKey Concierge authentication and ID verification service to the U.S.
  • Temenos executive James Redfern joins eWise as Global Head of Sales.
  • Geezeo unveils new API website with revised REST API and .NET SDK.
  • ShopKeep acquires Ambur, an mPOS software specialist.
  • TIO Networks forms TIO Telecom Solutions, a new division focused on the needs of network operators.
  • ThreatMetrix experiences 50% increase in mobile volume since Sep 2014.
  • Kanto X hits $2+ billion in currency-exchange transactions.
  • Check Point and AirWatch partner to secure the future of the mobile enterprise.
  • 7-Eleven and PayNearMe launch PayNearMe Bill Pay app, a full-service bill-payment center.

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.

Trading Ticket Debuts Trade It Mobile Brokerage App

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

tradeItLogoTrading Ticket launched its mobile brokerage app, Trade It:

Trade It is introducing the first universal mobile brokerage application. The universal application lets a customer complete a simple application by capturing information from their license and LinkedIn profile in one simple, easy-to-fill-out form. Trade It enables online brokers to bid for a customer’s application and to instantly complete the application process for the consumer. Consumers get choice, brokers get qualified accounts, and everyone gets a beautifully designed, innovative, frictionless application-process, compliant with most major brokerages.

Presenters: Co-founders of Trading Ticket, Nathan Richardson and Serge Kreiker

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Product Launch: December 2015
Metrics: 5 employees; 10 partners; 25% open rate; 80% mobile
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, licensed

HQ: New York City, New York
Founded: September 2014
Website: trade.it
Twitter: @tradingticket

FinovateFall Sneak Peek: Trading Ticket

TradingTicket_homepage_FF2015

FF2015bannerwithdate2The Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in NYC!

TradeIT_logo_FF2015Trading Ticket Inc. creates technology and tools that make investing easy and safe, including account opening, funding, order management and communication. Trade It is our first available product.

Features and facts of Trade It:

  • the simple, fast, secure way to place orders
  • the best way for publishers and app developers to enable online trading on ANY platform
  • growing fast—200% average monthly order growth

Why it’s great
Trade It solves the three big problems of mobile trading: speed-of-trade for users; 0rder volume for brokers; and direct monetization for publishers who don’t want the conflict of being dealer-brokers.

Presenters

TradingTicket_NRichardson_FF2015Nathan Richardson, CEO, Co-founder (pictured)
Richardson led Yahoo Finance during its rise to the #1 financial publisher and is a former GM of Dow Jones. Institutional Investor named him Most Influential Person in Online Finance in 2005.
LinkedIn

 

Serge Kreiker, CTO
Kreiker is a former software engineer at Bloomberg’s Trading System and Equity Groups, and co-founded Kapitall.
LinkedIn