WealthForge

Finovate Alumni News

By David Penn Posted on
Categories: ACI Worldwide, Fiserv, Green Dot, Hyperwallet, Jumio, Radius, Sberbank, Simple, Totum Wealth, UCX, WealthForge

On Finovate.com

  • WealthForge to Raise $2.5 Million in New Convertible Note Offering

Around the web

  • Green Dot unveils Visa credit card for thin-file consumers.
  • First National Bank of Pennsylvania upgrades its mobile banking and payments platform from Fiserv to enable debit card management.
  • Martech Advisor interviews Radius CEO and co-founder Darian Shirazi.
  • PYMNTS.com talks with Hyperwallet VP Tomas Likar about the challenge of payments in the on-demand workforce. See Hyperwallet at FinDEVr Silicon Valley 2016, October 18 & 19.
  • Radius announces the Radius Customer Exchange (RCX), a solution to advance co-marketing for B2B marketers.

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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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Blend, DoubleNet Pay, Fiserv, Kasasa, Onovative, OutsideIQ, PayActiv, Quantopian, Ripple, Temenos, UpGuard, WealthForge, Zopa

On Finovate.com

  • “Ripple’s New Partnership Lets Banks Test Blockchain and Ripple Integration”
  • “Quantopian Adds Chief Investment, Compliance Officers Ahead of Opening Fund to Public”

On FinDEVr.com

  • “UpGuard Brings Better Vulnerability Detection to ServiceNow”

Around the web

  • Kasasa partners with AudioEye to offer accessibility for community banks.
  • Zopa customers have borrowed $72 million+ this year for home improvement, a 54% increase in home improvement loans compared to the same period last year.
  • Ripple launches blockchain pilot program in partnership with Expertus.
  • Banking Technology reports that Temenos is nearing a core banking software deal with Iran’s Ayandeh Bank (Future Bank).
  • Fiserv earns a spot in Newsweek’s 2016 Green Ranking, which evaluates corporate environmental performance.
  • Google’s Economic Impact report profiles Onovative.
  • HousingWire reports: Mason-McDuffie Mortgage announces partnership with tech company Blend.
  • B2B Nation HR interviews PayActiv CEO Safwan Shah.
  • Infoworld feature on AI shares insights from OutsideIQ CEO Dan Adamson.
  • DigSouth highlights DoubleNet Pay and WealthForge in its look at fintech startups from the American South.

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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Finovate Alums Earn Top Honors at 2016 Benzinga Financial Awards

Finovate Alums Earn Top Honors at 2016 Benzinga Financial Awards
By David Penn Posted on
Categories: DriveWealth, LOYAL3, PsychSignal, SmartAsset, TickerTags, TipRanks, Trunomi, WealthForge

Trunomi_homepage_June2016

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.

BenzingaFintechAwards2016

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, EquityZen, LikeFolio, Market Prophit, Motif Investing, Personal 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.

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FinovateSpring Sneak Peek: WealthForge

FinovateSpring Sneak Peek: WealthForge
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2016 Sneak Peek, WealthForge

WealthforgeHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

WealthForge is powering the next generation of private capital markets. The WealthForge Network connects issuers and intermediaries to syndicate opportunities and improves the ability to raise capital.

Features:

  • Post an offering to the Network Showcase
  • Enlist a selling syndicate to distribute your offering via Dynamic Tombstones
  • Track all investments brought in through the Network with the Issuer Dashboard

Why it’s great
We believe that empowering market participants to work together further breaks down the barriers in private capital markets and WealthforgePresenter1improves transparency and efficiency, allowing more capital to be raised.

Presenters

Mat Dellorso, Co-founder
With his passion for innovation and financial technology, Delores drives forward WealthForge’s vision. He leads company strategy and invigorates growth by being a frequent speaker on private capital markets.
LinkedIn

WealthforgePresenter2Arthur Weissman, Head of Sales
Weissman oversees sales and business development at WealthForge. He previously served as a co-founder of Market76, an industry-leading, financial advising technology-platform.
LinkedIn

Check out all of today’s sneak peeks:

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Finovate Alumni News

By David Penn Posted on
Categories: CBW Bank, Credit Karma, Fiserv, Global Debt Registry, Radius, Urban FT, WealthForge, Zopa

On Finovate.com

  • “Credit Karma Thinks Mobile with Snowball Acquisition“
  • “Finovate Debuts: Urban FT Brings a Social PFM to Prepaid Cardholders”

Around the web

  • Let’s Talk Payments features several Finovate alums in its look at fintech in Europe. Remember FinovateEurope 2016 is just over one month away.
  • American Banker highlights Global Debt Registry in a review of companies tackling the problem of debt collection.
  • WealthForge publishes its 2015 Year in Review in infographic form.
  • American Banker recognizes CBW Bank’s Suresh Ramamurthi as Innovator of the Year.
  • Suffolk Bancorp in N.Y. Names Fiserv Core Processor (paywall).
  • Zopa reviews 2015 stats and discloses 2016 plans.

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.

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Finovate Alums Take Silver and Bronze at UBS Future of Finance

Finovate Alums Take Silver and Bronze at UBS Future of Finance
By David Penn Posted on
Categories: WealthForge

UBS_TheFutureofFinance

Finovate newcomer Capital Preferences and alum WealthForge won second and third place respectively at the UBS Future of Finance Challenge Finals last week. Aesthetic Integration, which specializes in the qualitative analysis of financial algorithms, took first place.

The first-prize winner was awarded $50,000. Capital Preferences earned $20,000, and WealthForge won $10,000. Along with the other 60 regional finalists, all three companies will have access to UBS’s expert mentors and partners, and three months of intensive support and acceleration to get innovations market ready. The competition featured more than 600 applicants.

WealthForge_logo_FS15_200pxOn making the finals last month, WealthForge Chief Strategy Officer and co-founder Mat Dellorso focused on how his company could help firms like UBS add “significant scalability to (its) network of financial advisers and investment banking professionals.” WealthForge earned its spot in the finals with its Invest Now button, demonstrated earlier this year at FinovateSpring 2015.

Founded in 2011 and headquartered in Richmond, Virginia, WealthForge recently added Bill Robbins as chief revenue officer. A financial services veteran with more than 20 years of experience in building brokerage platforms, and a former president of BB&T Securities Services, Robbins will lead WealthForge’s sales, marketing and platform development.

Capital_Preferences_hi_res_logoIncorporated in 2014, Capital Preferences uses game theory, econometrics, and experimental economics to provide a unique client-risk profiling system for financial institutions. Calling client profiling “a major area of weakness for most advice firms,” Capital Preferences co-founder and CEO Bernard Del Rey credited UBS for recognizing his company’s technology and giving it a spot in the finals. He says the demand “for our technology and patent-pending methods” is from all sides of the industry and includes “bespoke private banks, regulators, and large-scale consumer-credit players in the U.S. and Australia.”

Capital Preferences makes its Finovate debut at FinovateEurope 2016 in London. To find out more about our upcoming February fintech conference, visit our FinovateEurope 2016 page.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, Boku, Lendio, LiftForward, MaxMyInterest, Personal Capital, Trizic, WealthForge

On Finovate.com

  • “Finovate debuts: LiftForward Allows Clients to Offer Risk-free Purchase Financing”
  • “Trizic raises $2 Million to Help Advisers Compete with Algorithms”

Around the web

  • Financial Planning speculates about Personal Capital’s future.
  • Utah Business Magazine names Lendio one of the best companies to work for in Utah for the third consecutive year.
  • Arroweye Solutions selected to provide prepaid card production and personalization services for The Members Group.
  • Microsoft partners with Boku for carrier billing.
  • Financial Times mentions MaxMyInterest (paywall).
  • Wealthforge one of three winners of the UBS Future of Finance Challenge.

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.

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Finovate Alums Earn Spots Among UBS Future of Finance Finalists

Finovate Alums Earn Spots Among UBS Future of Finance Finalists
By David Penn Posted on
Categories: CashSentinel, Coinalytics, MaxMyInterest, SayPay, Stratos, WealthForge

UBS_logo_FutureofFinanceSayPay Technologies, Stratos, and Wealthforge will compete for top honors at the UBS Future of Finance Challenge on 10/December in Zurich. The three will join nine other finalists vying for $50,000, 300+ hours of mentoring, and the opportunity to develop their technology in a UBS innovation center.

UBS_FutureofFinance_videoscreen

(Click image to watch video)

The Future of Finance Challenge had more than 600 applicants. Regional Finals were held this month in Zurich, London, Singapore, and New York. To be eligible, entrants must not have received a Series A or total funding of more than $10 million. Solutions presented could be an idea, concept, or a functional demo and needed to either “focus directly on, or have a potential connection or application with, banking and financial services.”

SayPay-logo-noshadowsAll three Finovate alums reaching the finals made their Finovate debuts at FinovateSpring 2015 in San Jose. SayPay Technologies, a finalist from the Singapore round, will go into the finals with its Customer Authentication Experience. SayPay CEO Steve Hoffman said, “The distinguished panel of UBS judges was quick to recognize how SayPay transforms fragmented current authentication solutions into a seamless, enjoyable customer interaction with their financial institutions.” SayPay was founded in February 2014 and is headquartered in Pleasanton, California. The company launched its BillPay and Secure Web Sign-In at FinovateSpring 2015 in May.

Stratos_logo_snaggitfromboxStratos presented its wallet-simplifying, Bluetooth Connected Card with enhanced security, and emerged from the same New York round as fellow Finovate alum, Wealthforge. Stratos demonstrated its technology at FinovateSpring 2015 in May. It was founded in 2012 and is headquartered in Ann Arbor, Michigan; Thiago Olsen is CEO.

WealthForge logo copyWealthforge impressed UBS judges with its automated, integrated risk management solution for issuers and intermediaries. Mat Dellorso, CEO and co-founder, wrote at his company’s blog: “With the WealthForge Invest Button, anyone raising private capital can take advantage of an intuitive, modern approach to managing the process of raising more capital in less time.” Wealthforge was founded in 2011 and is based in Richmond, Virginia. Wealthforge gave Finovate audiences a look at the Invest Button during its demo at FinovateSpring 2015.

Also competing in the New York round were Finovate alums, MaxMyInterest and Coinalytics. FinovateEurope 2015 veteran CashSentinel represented Finovate alums in the Zurich round.

Joining SayPay Technologies, Stratos, and Wealthforge in Zurich will be:

European fintech fans! Join us in February as Finovate returns to London for FinovateEurope 2016. For more information, and to save your spot, visit our FinovateEurope page.

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Finovate Debuts: WealthForge is a Private Placement Compliance Engine Wrapped in Technology

Finovate Debuts: WealthForge is a Private Placement Compliance Engine Wrapped in Technology
By Julie Muhn (@julieschicktanz) Posted on
Categories: Finovate Debuts, WealthForge

WealthforgeHomepage

WealthForge’s online platform provides an efficient way for companies to raise private capital. It seeks to make the process faster, cheaper, and more compliant.

At FinovateSpring 2015, WealthForge launched its Invest Button, technology that compliantly processes private placements, which companies can then incorporate into their website.

wfInvestbutton

WealthForge vitals:

  • Founded 2011
  • Headquartered in Richmond, Virginia
  • Infographic below shows stats from the WealthForge platform:

wfAnalytics

Investor experience

After clicking the Invest Button, investors are routed to a white-labeled page hosted on WealthForge’s servers, which are fully encrypted and secure.

The investor, whether individual or institutional, fills in their desired investment amount, along with other information such as employment, accreditation, and suitability. To remain compliant, WealthForge stores investor information for up to seven years.

investorRegistration

For every piece of investor information entered, WealthForge conducts third-party due diligence and bad-actor checks. Since WealthForge tracks investor keystrokes throughout the process, they ensure all necessary steps are taken and have visibility to any fields the investor may have failed to fill out or review.

For fund transfers, WealthForge supports:

  • ACH
  • Wire transfer
  • Check
  • Self-directed IRA transfer

investorPayment

Once financing is confirmed, the investor e-signs the multiple federal and state-required documents, which are customized for each deal. After all documents are signed, WealthForge’s team of experts begin compliance verification of each offering and issuer.

Compliance

FINRA and SEC regulations are a large part of WealthForge’s platform.

Instead of using technology to circumvent regulation, WealthForge embraces it by increasing engagement with regulators and compliance measures. The company has scaled its technology to deal with increased regulation, and undergoes audits twice a year, exceeding regulators’ guidelines.

WealthForge keeps all the compliance, tracking, legality, and regulation verification in the background. WealthForge co-founder Mat Dellorso says its technology acts as a buffer that saves the client and their investor from having to “see how the sausage is made.”

Check out WealthForge’s live demo from FinovateSpring 2015 in San Jose.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: FIS, FutureAdvisor, HedgeCoVest, PayPal, WealthForge, Zumigo

On Finovate.com

  • “BlackRock Acquires Online Investment Adviser, FutureAdvisor.
  • “Finovate debuts: WealthForge is a Private Placement Compliance Engine Wrapped in Technology”
  • “Finovate debuts: INETCO Analytics Helps FIs Leverage Transaction Data to Boost Customer Engagement”

Around the web

  • HedgeCoVest adds two models to its platform.
  • Zumigo launches Assure Radius in India to protect consumers and merchants in the credit, debit and mobile payments market.
  • bobsguide ranks the $9-billion acquisition of SunGard by FIS as the #1 fintech M&A deal of 2015.
  • PayPal’s One Touch Instant Checkout platform now available in 13 new markets.

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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WealthForge Launches Invest Button

WealthForge Launches Invest Button
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2015, WealthForge

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

WealthForge_logo_FS15_200pxWealthForge debuted its Invest Button:

With our Invest Button, issuers and intermediaries now have a technology-enabled, turnkey solution to outsource back-office tasks to complete a private securities transaction. This full-featured platform provides everything needed from beginning to end to process the transaction, including compliance, escrow management, reporting and more.

Invest Button presenters: Arthur Weissman, head of sales and marketing; Mat Dellorso, co-founder

IMG_9010

IMG_9018

Product distribution strategy: Direct to Business (B2B)

HQ: Richmond, Virginia
Founded: 2011
Website: wealthforge.com
Twitter: @wealthforge

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Finovate Alumni News

By David Penn Posted on
Categories: AcceptEmail, BBVA, Bento for Business, Betterment, Global Debt Registry, Interactions, Lending Club, Mint Bills, Motif Investing, On Deck Capital, Prosper, WealthForge, Wealthfront, Yoyo

On Finovate.com

  • Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding
  • Mint Bills Brings Mobile Billpay to One Million Customers of Quester Gas
  • Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

Around the web

  • Bento for Business founder and CEO weighs in on the future of tech accelerators. See Bento for Business at FinovateSpring 2015 in San Jose next month.
  • Global Market Solutions joins the Misys InFusion Partner program.
  • TechCrunch column on fintech regulation features Lending Club, Motif Investing, Betterment, OnDeck, Wealthfront, Prosper, and WealthForge. Join WealthForge in San Jose for FinovateSpring 2015.
  • OnDeck partners with Angie’s List to offer financing to its service providers.
  • Paybefore selects InComm as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category.
  • Banking Exchange: Kabbage hopes to harvest more bank partnerships.
  • Check Point Software and FireEye partner to share threat intelligence to protect customers from modern advanced attacks.
  • Bank Innovation’s look at Voice Assisted Banking features Interactions.

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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