Five Finovate Alums Named 2015 Technology Pioneers by World Economic Forum

Five Finovate Alums Named 2015 Technology Pioneers by World Economic Forum

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According to the World Economic Forum, whatever it takes to be a Technology Pioneer in 2015, a quintet of Finovate alums has got it.

Ayasdi, FutureAdvisor, Ripple Labs, Sedicii Innovations, and TransferWise were named as 2015 Technology Pioneers in the World Economic Forum’s Information Technology category.

AyasdiLogo_FF2014The Technology Pioneers program was launched in 2000 to give recognition to early stage companies developing new technologies that will have a “significant impact on business and society.” Previous winners have included AirBnB, Google, Next, SoundCloud, and Twitter.

futureadvisorlogoThe World Economic Forum chooses approximately 30 companies each year out of a pool of “hundreds” of applicants. The field is winnowed by a selection committee consisting of top technology experts, academics, entrepreneurs, and venture capitalists who review the applications and submit a recommendation to the World Economic Forum. Since the program began, 600 companies from five continents have been represented in the Technology Pioneer program.

RippleLabs_logoCompanies interested in the 2016 program should apply before February 5, 2016. Applicants will be notified by mid-July 2016. More information about the program is available here.

Sedicii_logo_high-resAyasdi made its Finovate debut at FinovateFall 2014 in New York. The company raised $55 million in funding this spring, taking its total to more than $100 million. FutureAdvisor recently unveiled its FutureGift solution, to make it easier for friends and family to make contributions to a child’s college savings plan. The San Francisco-based company demoed its platform at FinovateFall 2013, and has total capital of more than $20 million.

Transferwise_logo_newRipple Labs picked up a $28 million investment and hired former Yahoo exec Brad Garlinghouse as its new chief operating officer in April. Irish startup Sedicii demoed its authentication solution at FinovateEurope 2015, and TransferWise, making its Finovate appearance at FinovateEurope 2013, began 2015 with a $58 million fundraising led by Andreessen Horowitz that boosted the company’s total capital to more than $90 million.

Finovate Alumni News

On Finovate.com

  • “Behalf Closes $119 Million Series D”
  • “Neon Release Adds Touch ID and Enhanced Notifications to Oink 2.0″
  • “ShopKeep Rings Up $60 Million Investment”

Around the web

  • Citibank India and MasterCard launch digital wallet, Citi MasterPass, in India.
  • This is Money features TransferWise in a look at the lack of transparency in exchange fees.
  • LoanNow earns #4 spot in Orange County Business Journal’s “Best Places to Work in Orange County 2015” roster.
  • PYMNTS looks at how PayPal’s Paydiant is powering Subway’s mobile-payments app.
  • Payments Views talks with Doug Yeager, HCE inventor and CEO of SimplyTapp, in its latest podcast.
  • Expensify launches New Investment Fund, Expensify Ventures, for fintech startups.
  • American Banker considers how banks are using startups such as Social Money and Qapital to bolster their offerings.
  • Dashlane launches One-Tap Password Changer for Apple Watch and iPhone.
  • John Hancock Retirement Plan Services now offers Morningstar’s HelloWallet financial wellness tool to plan-sponsors on its Total Retirement Solution platform.
  • Arroweye Solutions to provide EMV Credit and Debit Cards for Mountain America Credit Union.
  • TechCrunch: Betterment tops 100,000 customers and $2.5 billion AUM.
  • Taulia reports record revenue and ten customer wins for Q2 2015.
  • Mobile Payments Today looks at InComm’s drive to bring open-loop prepaid to mobile wallets.

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

  • “New Investment for Dealstruck Boosts Lending Capital to More Than $100 Million”
  • “Hypori Introduces Seamless App Mode in Latest ACE Product Suite Release”; see Hypori live in New York at FinovateFall 2015.

Around the web

  • DoubleNetPay co-founder and CEO weighs in on retirement planning in Employee Benefit News.
  • Bank Innovation: CurrencyTransfer is preparing for a “major funding round.”
  • TransferWise announces support for Apple Pay.
  • PayPal unveils six new features for its invoicing service.
  • ThetaRay opens up its first office in the U.S. See ThetaRay at FinovateFall 2015 in New York.
  • Expensify introduces new travel-and-expense platform with new integrations and partnerships.
  • TransferTo and PayPal partner to enable mobile top-up in Canada.

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

  • “Dashlane Integrates Samsung Biometric Technology in Android App Upgrade”
  • “Revolut Launches to Public, Announces $2.3 Million in Funding”

Around the web

  • PYMNTS looks at OnDeck’s record-breaking quarter.
  • Red Herring names Kabbage a Top 100 Private Company.
  • Geezeo to power BankMobile’s PFM.
  • Alpha Payments Cloud using Snapcard to enable AlphaHub users to accept Bitcoin payments.
  • PrivatBank to offer remittance services courtesy of TransferWise.
  • StockViews earns a spot in the 2015 Startupbootcamp FinTech London cohort.
  • ING Bank Slaski launches ING Business for Apple Watch app powered by Comarch Mobile Banking.
  • Caltech Letter interviews Financeit CEO Michael Garrity.
  • The Indian Express profiles the biometric authentication technology of EyeVerify.
  • Aragon Research names eSignLive by Silanis Technology as a “Hot Vendor” in digital transaction management (DTM).
  • peerTransfer petitions Chinese government to open office in Shanghai.
  • The Independent looks at the IPO plans of Fenergo in light of the company’s recent funding.
  • Investment News highlights Vanguard, Wealthfront, and Betterment in a look at how much money is being managed by robo-advisors.
  • Spreedly surpasses $1 billion in annual payment volume. Come see Spreedly at FinDEVr, 6/7 October in San Francisco.
  • Expensify integrates with Workato to connect it with more than 50 business apps.
  • CheckPoint’s ZoneAlarm Launches Windows 10 Compatible Antivirus Software for Consumers.
  • The Mifos Initiative joins The Open Source Initiative, a global nonprofit that promotes and protects open source software, development and communities. Check out Mifos at FinDEVr 2015 in San Francisco, 6/7 October.
  • Stuart Frankel of Narrative Science earns a spot on Crain’s Chicago Business Tech 50.
  • USA Today column on personal finance for millennials features Kai Stinchcombe, CEO and co-founder of True Link.
  • Business Insider includes Lending Club and Coinbase in its list of the seven hottest startups in Silicon Valley.
  • Blooom and Future Advisor are profiled in a Forbes column on making the most out of your 401(k).

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:

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

Around the web

  • Seeking Alpha explains why a merger between Yodlee and FutureAdvisor makes sense.
  • Xconomy features Vince Turner’s Planwise.
  • American Banker features how Seattle-based Lighter Capital loans money to tech startups.
  • Cardlytics Wins 2 Silver Stevie Awards at 2015 American Business Awards.
  • Tradeshift to partner with C2FO to expand dynamic discounting solutions to a broader network of suppliers and buyers.
  • Financial Conduct Authority mentions how Nutmeg explains its fees and charges graphically.
  • Jack Henry acquires Bayside Business Solutions.
  • Fox News features Trulioo, Bionym, TransferWise, Kofax, and Numbrs in its column on “10 CEOs who are disrupting finance with technology.”
  • ProfitStars introduces Call Report Pro CU, a solution for meeting regulatory reporting requirements.
  • Hedgeweek takes a look at how QuantConnect enables quantitative traders to operate at a low cost.
  • PayPal acquires money-transfer provider Xoom.

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

  • Coinbase Announces Strategic Investment from Westpac’s Reinventure

Around the web

  • Let’s Talk Payments takes a look at interactive debt repayment tool, ReadyForZero.
  • Money Under 30 features personal finance apps from Personal Capital, Mint, Toshl, Mint Bills, Draft, Level Money, Bill Guard, and Credit Karma.
  • TSYS extends multi-year payment agreement with Mexico’s Banco INVEX S.A.
  • Holvi gives a sneak peek of its business debit card.
  • Cachet Financial Solutions enhances Select Mobile Deposit with geo-fencing unlimited user groups with defined business rules, and date, signature and endorsement detection.
  • Kristo Käärmann of TransferWise is quoted in The Guardian column on the relationship between U.K. fintech startups and banks.
  • Tradeshift teams up with C2FO, expanding access to the world’s largest working capital market.
  • Actiance to Deliver Content from 70-Plus Communication Channels to Office 365.

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

  • Let’s Talk Payments features Feedzai, Swipely, BillGuard, Wealthfront, Jemstep, SigFig, and Vouch in its review of companies “pushing the envelope” in payment analytics.
  • Zooz partners with Avalara to bring tax-compliance tools to its payment platform.
  • Daily Fintech profiles DarcMatter and its plan to bring access to alternative investments to the accredited masses.
  • TransferWise sets world record for largest human currency symbol.
  • Bank Investment Consultant takes a look at Betterment, Personal Capital, Motif Investing, FutureAdvisor, Blooom, Wealthfront, and Vanguard in its look at how traditional advisers can compete against robo-advisers.
  • BlinkMobile Interactive wins best enterprise mobility solution at Cloud World Series Awards in London.

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

  • Finovate Debuts: Token Creates a Secure Payment Ecosystem

Around the web

  • PYMNTS chats with Ripple Labs CEO Chris Larsen, co-founder.
  • Forbes lists Transferwise as 1 of 3 fintech startups you should know.
  • Inc. names Planwise, Trulioo, WePay, Flint in its look at the evolution of fintech.
  • After launching with Tradier, QuantConnect saw a 300% jump in user-engagement signals, including traffic, coding and backtesting.
  • Fiserv expands card-production capabilities to speed EMV chip-card migration.
  • TechCrunch column on fintech startups features Lending Club and LearnVest.
  • PYMNTS.com quotes LoopPay CEO Will Graylin in a discussion of how Apple, Google, and Samsung “pitch payments.”
  • Market Prophit adds Nasdaq Last Sale real-time data to its analytics platform.
  • Queens Gazette columnist calls MaxMyInterest “a way to get back at the banking industry for their pitifully low interest rates on savings.”
  • The Financial Times’ review of P2P lending for business and consumers features Zopa.
  • Ernst & Young name TransferWise co-founders Taavet Hinrikus and Kristo Käärmann “Entrepreneurs of the Year” for 2015.
  • Great Friday reading material! Draft co-founder Brad Lawler describes how he was inspired by Finovate.

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.

U.K.-based TransferWise: Growth and Metrics Updates

U.K.-based TransferWise: Growth and Metrics Updates

TransferwiseHomepage

TransferWise, a startup that prides itself on being a “clever new way to beat bank fees,” recently released a few stats.

The company, whose product launched in 2011, is now enabling customers to transfer more than $760 million (£500 million) across the globe every month. At this volume, TransferWise has seized 2% of the market share in U.K.-based global remittances.

In total, TransferWise estimates it is saving consumers an average of $34 million (£22 million) in foreign exchange fees each month.

Co-founder Taavet Hinrikus states that TransferWise moves “tens of millions” of customers’ money every day and estimates that figure to increase as consumers look for alternative money-transfer services to avoid bank fees.

TransferWise demonstrated at FinovateEurope 2013 in London and has raised just over $90 million in funding.

Finovate Alumni News

On Finovate.com

  • “PayPal’s Braintree Tapped to Turn Pinterest Browsers into Consumers”
  • “EyeVerify’s Partnership with Turkish Reseller Yields Vodafone Contract”
  • “U.K.-based TransferWise: Growth and Metrics Updates

Around the web

  • TradeHero updates mobile iOS app.
  • WSJ features how Venmo helps users instantly move money more cheaply.
  • Apple lists Xero among group of business apps Apple is using to market the iPad for use in business.
  • Indianapolis Business Journal looks at the rise of robo-advisors Betterment, Wealthfront, Hedgeable, and Motif Investing.
  • TSYS launches its Chip Card on Demand to help issuers make the transition through the October chip-liability shift.
  • Top Image Systems unveils its new mobile account opening and onboarding app, MobiENROLL.
  • Benzinga interviews Igor Gonta, CEO of Market Prophit, on the launch of his Twitter-based, social media, smart beta index.
  • Fox Business features Planwise, LendUp, Trulioo, Plaid, Wealthfront, TrueAccord, WePay, Flint, Lending Club, Prosper, LendingRobot, and FutureAdvisor in its roundup of “30 Hot Fintech Startups to Watch.”
  • New York Business Journal reviews its gamification strategy of PFM solution, Qapital.
  • Financial Times profiles LendUp and the “grubby end of U.S. debt.”

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

  • “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.
  • Money.com’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.”
  • Tech.co 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.