TransferWise

Finovate’s European Alums Raised More Than $350 Million in 2015

Finovate’s European Alums Raised More Than $350 Million in 2015
By David Penn Posted on
Categories: AdviceGames, Aire, Azimo, Bitbond, CashSentinel, Currency Cloud, CurrencyFair, eToro, EZBOB, Fenergo, Figo, FreeAgent, Funding, Fundings, Kantox, Kreditech, Revolut, StockViews, SumUp, TransferWise, Xpenditure

Euros_purple

Nineteen Finovate alums headquartered in Europe raised $350 million in 2015.

From the $16,000 in seed money raised by U.K. startup, StockViews, to the €82 million investment received by Germany’s Kreditech, we’ve counted every euro, pound, and dollar that investors poured into our European alums. And whether the funding represented an initial infusion of capital or was part of a multi-stage Series E round, it is clear that investors are very interested in the fintech innovations of Europe.

Take a look for yourself at the “European Portfolio” from 2015 below, featuring Finovate alums from the United Kingdom, Ireland, Germany, Switzerland, and the Netherlands.

GermanFlagGermany

 

Ireland_FlagIreland

 

Netherlands_FlagThe Netherlands

 

 

Switzerland_Flag

 

Switzerland

 

 

UK_FlagUnited Kingdom

There’s still time to join us in London for FinovateEurope! Our two-day conference returns to Old Billingsgate Market Hall, February 9 and 10. Get your tickets today and save your spot.

 

 

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Azimo, Bento for Business, Braintree, Caaapital, Dwolla, Fastacash, FIS, Green Dot, Karmic Labs, Moven, PayPal, Prosper, Ripple, Silanis Technology, Toshl, TransferWise, Twilio

On Finovate.com

  • “Take Two: Toshl Launches Version 2.0 for iOS and Web”
  • “Ripple Technology Drives Invoice Trading Platform”
  • “Moven to Forgo Username, Password for 80% of Mobile Account Interactions”

Around the web

  • FIS launches new fintech accelerator in collaboration with Arkansas-based Venture Center.
  • Prosper Marketplace taps Kunal Kaul as its new EVP of Operations.
  • Newsfactor Business Report looks at prepaid debit cards for businesses offered by Green Dot, Karmic Labs, and Bento for Business.
  • eSignLive from Silanis Technology named a leader in digital transaction management by Aragon Research.
  • Azimo and TransferWise featured in The Telegraph as safe ways to give money during the holidays.
  • The Asset highlights Fastacash in a review of how fintech is changing finance in Asia.
  • Twilio Video now available to everyone in public beta.
  • PayPal’s Braintree now powers Facebook payments.
  • Dwolla introduces Dwolla.js javascript library that allows platforms to verify bank accounts and transfer funds without storing sensitive information.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bizfi, Nous.net, On Deck Capital, Simple, Tink, Top Image Systems, TransferWise, Trustly

On Finovate.com

  • “Tink to Test PFM App with 10,000 ABN AMRO Customers”
  • “Bizfi Closes on $65 Million in Debt Financing”
  • “Nous Closes In On £350,000 Fundraising Goal” [Update: Nous Exceeds Original Goal, Raises $750,000].

Around the web

  • “TIS Closes 550,000 Euro Deal with Leading German Health Insurance Provider”
  • Trustly partners with payment solution iDEAL in the Netherlands.
  • TechCrunch looks at OnDeck and the future of alt-lending.
  • USA Today features how Simple is a different type of bank.
  • TechCrunch considers how TransferWise is a better way to send remittances.

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.

Share this:

Send Post Twitter LinkedIn Facebook

20 Alums Make the First Forbes Fintech 50

20 Alums Make the First Forbes Fintech 50
By Julie Muhn (@julieschicktanz) Posted on
Categories: Algomi, Betterment, Braintree, Chain.com, Credit Karma, HelloWallet, Kensho, LearnVest, Motif Investing, Personal Capital, Plaid, Prosper, Quantopian, Ripple, Simple, TransferWise, TrueAccord, Uncategorized, Vouch, Wealthfront, Xignite

ForbesFintech502015

There’s more to the Forbes Fintech 50 list than just an awesome logo featuring George Washington wearing wrap-around shades. Forbes compiled the list by soliciting information from 300 startups, then interviewing more than 150 CEOs, founders, and industry experts. To make the cut, companies were required to have operations in the U.S. and a viable product.*

Simply put, Forbes describes the companies on the list as “small firms destined to have a big impact on your financial future and possibly upend your portfolio.”

This year, 20 Finovate and FinDEVr alums made the cut:

Algomi

  • Founded: 2012
  • HQ: London
  • Funding: $30 million
  • Customers: 14 large banks and 140 buy-side firms
  • FinovateFall 2014 demo

Betterment

Braintree

Chain

Credit Karma

HelloWallet

  • Founded: 2009
  • HQ: Washington, D.C.
  • Exit: Purchased by Morningstar in 2014 for $52.5 million
  • FinovateFall 2015 demo

Kensho

LearnVest

  • Founded: 2009
  • HQ: New York City, New York
  • Exit: Purchased by Northwestern Mutual in 2015 for $250+ million
  • FinovateFall 2013 demo

Motif

Personal Capital

Plaid

Prosper

Quantopian

Ripple

Simple

TransferWise

TrueAccord

Vouch

Wealthfront

Xignite

*While the list excludes financial giants, Forbes included startups acquired by larger companies but operating independently.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, BankersLab, CAN Capital, Coinbase, Dwolla, Fenergo, Kony, Misys, Ripple, ThetaRay, TransferWise, Twilio

On Finovate.com

  • “CAN Capital’s CAN Connect APIs Now Offer iPayment Merchants Access to Funds”
  • “Lenny Loves Dwolla: Digital Payment Network Helps Bring Microloans to Millennials”
  • “BankersLab Closes on Undisclosed Amount in Angel Funding Round” Come to FinovateEurope 2016 to see their live demo.

Around the web

  • TransferWise chooses UP Framework from ACI Worldwide to enhance its ability to grow network and add payment types.
  • Fenergo launches its Data Integration Manager, integrates with Avox, Omgeo, and Clariet Global.
  • Pakistan’s Habib Bank (HBL) to implement FusionBanking Corporate Channels from Misys.
  • TechCrunch interviews CEO Jeff Lawson of Twilio.
  • ThetaRay CEO Mark Gazit talks about the cyber attacks of the future for Infosecurity Magazine.
  • Coinbase to offer volume-based rebates for trades placed on Coinbase Exchange starting next week.
  • Kony launches Mobile Field Service solution to help enterprises mobilize and modernize their field service operations.
  • Microsoft’s Azure blockchain-as-a-service partners with Ripple, now operating a Ripple validating node for Ripple’s bank users.

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.

 

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: ayondo, BehavioSec, CAN Capital, Check Point, Coinbase, CurrencyTransfer, Encap, Holvi, Klarna, Lending Club, LOYAL3, Meniga, Mint, PrivatBank, Rippleshot, SmartyPig, SocietyOne, Tink, TransferWise, Trustly

On Finovate.com

  • “Rippleshot Raises $1.2 Million in Round Led by KGC Capital”
  • “SocietyOne Offering Car Loans to Uber Drivers in Australia”

Around the web

  • Xero adds two-step authentication to its accounting platform.
  • CAN Capital teams up with iPayment to help SMEs get access to working capital.
  • Let’s Talk Payments features Klarna, Holvi, BehavioSec, Trustly, Meniga, and Tink in a roundup of top Nordic fintech startups. Remember FinovateEurope 2016 comes to London on February 9 and 10.
  • “Check Point Names Julie Parrish as Chief Marketing Officer”
  • MyBankTracker names Mint, SmartyPig, Lending Club, Coinbase, and Loyal3 on its list of companies every millennial should know about.
  • “ayondo CEO Robert Lempka Explains Innovative Trading Solutions Live on CNBC Asia”
  • TechCrunch looks at TransferWise’s growth.
  • PaymentEye interviews Daniel Abrahams, CEO and co-founder of CurrencyTransfer.com.
  • Bankless Times talks with Encap Security CEO Thomas Bostrøm Jørgensen on current trends in authentication technology.

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

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: BBVA Compass, blooom, Cloud Lending, CurrencyFair, Expensify, Fastacash, IDology, Interactions, Kantox, Payfone, PayPal, Persistent Systems, SnoopWall, TransferWise, WorldPay

On Finovate.com

  • “IDology Announces “Significant,” Strategic Equity Investment in Payfone“
  • “Worldpay Goes Public; Shares Rally on Trading Debut”

Around the web

  • Fastacash announces strategic investment in Myanmar-focused, MyPAY.
  • American Banker interviews CEO Manolo Sanchez, BBVA Compass.
  • Persistent Systems announces technology partnership with Municipal Corporation.
  • Independent.IE features CurrencyFair, Expensify, and PayPal in a review of 20 PFM apps.
  • Fox Business interviews Blooom President Greg Smith on the future of 401(k) plans.
  • Silicon Review lists SnoopWall as 1 of 20 fastest growing security companies.
  • The Hindu features Cloud Lending Solutions’ co-founder Snehal Fulzele.
  • Interactions wins bronze Stevie Award in the Most Innovative Tech Company of the Year category. This is its fourth consecutive Stevie Award.
  • Slush.org interviews Kristo Kaarmann, TransferWise co-founder.
  • The Culture Trip highlights Kantox in its review of successful Barcelona startups.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: CardFlight, Emida, MasterCard, Nymi, Ripple, TransferWise

On Finovate.com

  • “Ripple Labs Makes Waves: Raises $4 Million, Rebrands as Ripple, Launches Interledger”
  • “CardFlight Scores $4 Million in Series A Funding”

Around the web

  • MasterCard unveils Identity Check, a suite of solutions that includes biometric and SMS-based, one-time passwords to improve security for online consumers.
  • KPMG introduces KPMG Fintech 100 to recognize the world’s most disruptive and fast-emerging innovation companies in financial services. Nominations end 31 October 2015.
  • Santander invests in Ripple as startup expands services.
  • ThreatMetrix to scale global data center capacity to 200 million+ daily transactions.
  • Nymi recruits CEO John Haggard; Karl Martin will now serve as CTO.
  • Emida acquires giftcard-platform specialist Quippi Corporation for an undisclosed amount.
  • Kristo Kaarmann, co-founder of TransferWise, confirms via Twitter that former Citigroup CEO Vikram Pandit participated in the company’s $58 million funding round this year.

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.

 

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Concur, Currency Cloud, Dwolla, eToro, Flywire, iSignthis, Lending Club, Nutmeg, On Deck Capital, PayPal, Personal Capital, Red Giant, Simple, Stratos, StreetShares, Tradier, TransferWise, TSYS, Xero, Zopa

On Finovate.com

  • “From API to UX/UI: A Preview of FinDEVr 2015“

Around the web

  • Stratos wins Fast Company’s Innovation by Design Award, the company’s third product award.
  • Business Insider ranks Algomi, Currency Cloud, eToro, Nutmeg, Zopa, and TransferWise among top fintech companies in Britain.
  • Concur integrates with GigSky to enable travelers to access the internet while traveling.
  • Dwolla expands its credit services to include instant money transfers among friends and family.
  • Let’s Talk Payments lists 25 top alternative lending startups including OnDeck, Street Shares, Zopa, and Lending Club.
  • Xero previews two new features—billable expenses and invoice reminders—for small-business users of its platform.
  • peerTransfer announces U.S., Europe expansion; rebrands as Flywire.
  • TSYS to expand its Enterprise Tokenization technology to support Android Pay.
  • Red Giant launches its Red Giant Family Plan to offer families a way to manage daily spending.
  • iSignThis‘ KYC services now satisfy U.S. anti-money laundering requirements.
  • PayPal explains its recently launched API Transactions Dashboard.
  • BehavioSec joins PwC’s Accelerator Programme.
  • Lending Club’s Carrie Dolan named one of American Banker’s 2015 Most Powerful Women in Finance.
  • Personal Capital appoints Mark Goines as CMO.
  • Matt Compton becomes COO of Simple, which has tripled its staff to 300 employees from February 2014.
  • TechCrunch features Lending Club’s coming-of-age story.

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.

Share this:

Send Post Twitter LinkedIn Facebook

More Than 30 Alums Make Hot Topics 100 Most Influential People in Fintech

More Than 30 Alums Make Hot Topics 100 Most Influential People in Fintech
By David Penn Posted on
Categories: Algomi, Betterment, Bill.com, BillGuard, BizEquity, Coinbase, CurrencyTransfer, Dwolla, Ethoca, eToro, Fastacash, Feedzai, Fenergo, Kabbage, Kantox, Klarna, Kreditech, LearnVest, Lending Club, Moven, Nutmeg, PayNearMe, PayPal, Prosper, Realty Mogul, TransferWise, Wealthfront, Xero, Yodlee, Zopa

HotTopics_Fintech100_2015

If you drew up a list of the 100 most influential men and women in fintech, how many of them would be alumni of our Finovate/FinDEVr conferences?

The answer is about a third, according to Hot Topics, which released its list of the top 100 fintech influencers this week.

“More transactions taking place online mean more opportunities to help consumers manage their money in digital form: enter the fintech platforms,” wrote Joel Watson for Hot Topics. “Whether it be securing mortgagees, getting a loan, transferring money abroad, spending money in an ecommerce store, or one of a thousand other applications, the marketplace is fiercely competitive and growing all the time.”

See if you agree with who made the cut, who was overlooked, and who deserves at least an honorable mention.

Hot Topics is an online community of more than 300 entrepreneurs, corporate executives, venture capitalists, journalists, bloggers and other professionals interested and involved with technology.

 

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Azimo, blooom, CashStar, Currency Cloud, CurrencyFair, Dragon Wealth, FinanceIt, Lending Club, LendUp, peerTransfer, Ripple, TransferWise, Twilio, Xero, Yodlee

On Finovate.com

  • “Xero Launches its New Android Touch App”
  • “Lending Club Reports Growth in Revenues, Originations for Q2 2015″
  • “CashStar Raises Captal: New Investment Boosts Total to $50 Million”

Around the web

  • Star Tribune column on robo-advisors features blooom.
  • ACI Worldwide and Computop partner to provide payments and anti-fraud solution.
  • Yodlee adds four companies to its International Acceleration Program. Join Yodlee at FinDEVr 2015 in San Francisco in October.
  • BankNXT’s look at fintech in Singapore features Dragon Wealth.
  • Let’s Talk Payments highlights Azimo, Currency Cloud, peerTransfer, TransferWise, and Ripple in its list of “remittance startups to watch for.”
  • CurrencyFair signs on with global payment network, Earthport.
  • LendUp deploys TaskRouter from Twilio to improve its call-center customer service. See Twilio at FinDEVr 2015 in San Francisco.
  • The Globe and Mail highlights Financeit in a look at financing options for small businesses.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Five Finovate Alums Named 2015 Technology Pioneers by World Economic Forum

Five Finovate Alums Named 2015 Technology Pioneers by World Economic Forum
By David Penn Posted on
Categories: Ayasdi, FutureAdvisor, Ripple, Sedicii, TransferWise

WorldEconomicForum_homepage

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.

Share this:

Send Post Twitter LinkedIn Facebook