WePay

Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Cachet Financial Solutions, CardLinX, Flywire, HackerOne, inSpirAVE, Insuritas, mBank, Misys, Modelshop, W.UP, WePay, wipro

On FinDEVr.com

On Finovate.com

  • Finovate Debuts: W.UP Offers a Library of Customer Insight Tools for Cross-Selling.

Around the web

  • Cachet Financial Solutions and Central Bank of Kansas City selected as the prepaid mobile banking provider of choice by ICBA Bancard.
  • Flywire (fka peerTransfer) expands to accept cross-border B2B transactions below the interbank rate.
  • WePay now accepts Apple Pay, Android Pay.
  • mBank announces new €50 million fintech fund for CEE startups.
  • South African payment service Peach Payments to offer merchants mobile checkout option using ACI mSDK from ACI Worldwide.
  • Misys earns top honors in three categories at the Xcelent 2017 awards.
  • Wipro unveils its digital consultant cloud bot, HOLMES.
  • Corning FCU ($1.29 billion) partners with Insuritas to improve insurance offerings for its more than 100,00 members.
  • InSpirAVE launches #SaveForWhatMatters podcast.

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 David Penn Posted on
Categories: Avalara, Cachet Financial Solutions, CoverHound, Dwolla, eSignLive, Expensify, Hedgeable, Kony, Lleida.net, Marqeta, Modo Payments, WePay

On Finovate.com

  • CoverHound Launches Insurance for Small Businesses
  • Avalara Raises $96 Million in New Funding

Around the web

  • Dwolla to power same day ACH transfers with new API.
  • Let’s Talk Payments interviews Tommy Petrogiannis, eSignLive CEO.
  • WePay chooses Workflow Manager from Sphonic to help meet KYC and KYB requirements.
  • Kony Wins First Place Honors for 2016 CTIA Emerging Tech Awards.
  • Expensify launches Concierge, and AI virtual assistant.
  • Cachet Financial Solutions to Deploy Select Mobile Deposit Solution for Mobile-Only Bank Varo Money.

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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WePay Launches in the U.K.

WePay Launches in the U.K.
By Julie Muhn (@julieschicktanz) Posted on
Categories: WePay

Screen Shot 2016-07-26 at 7.43.03 AM

Payments-as-a-service company WePay is launching outside of the U.S. and Canada. Today the Palo Alto, California-based company expanded to the U.K.

That means that WePay clients such as GoFundMe, FreshBooks, and Constant Contact can now serve U.K. clients using WePay’s white-labeled, integrated service with fraud protection and compliance offerings. WePay CEO Bill Clerico said the launch facilitates what has “traditionally been a frustrating process for companies that offer payments.” Clerico adds, “By partnering with WePay, platforms can now integrate once and immediately offer the same level of payments service on both sides of the Atlantic, safely and seamlessly.”

To bolster business development efforts in the new region, WePay has opened a new office in London. The company has also opened an office in Providence, Rhode Island, to support extended customer-support hours.

WePay said Brexit was not a concern for the launch, saying that the developments “do not have bearing on WePay’s commitment or ability to support platform payments in the U.K.” The company added that, for North American platforms looking to launch internationally, the U.K. is a good destination. Along with the ease of the shared language, the country is the world’s third largest ecommerce market, claiming the world’s highest per capita ecommerce spend.

Founded in 2009, WePay launched its Veda Risk API at FinovateSpring 2014. In 2015, the company was named to the Inc. 500 list as the 62nd fastest-growing private company in the U.S. In May 2016, WePay launched a white-label mobile card reader.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AutoGravity, CustomerXPs, defi Solutions, ebankIT, Entrust Datacard, Jwaala, Kabbage, Luxoft, Mambu, Modo Payments, Nomis Solutions, Prosper, SigFig, Stockpile, Trulioo, WePay

On Finovate.com

  • Avadian CU Chooses Jwaala’s Ignite Platform for Online and Mobile Banking

Around the web

  • Prosper sets up the Prosper Capital Consumer Credit Fund to invest in loans originated on its platform.
  • Kris Finsoftware and CustomerXPs Launch Clari5 for banks in AsiaPacific.
  • Excelian, Luxoft and Calypso Technology Sign New Partnership
  • Entrust Datacard teams up with Harman to safeguard IoT data.
  • Kabbage turns to Marketo for new marketing solutions.
  • Nomis Solutions upgrades its Deal Manager platform to give retail bankers greater insight into real-time sales and competitive data.
  • A look at fintech in Berlin and London highlights Mambu.
  • defiSOLUTIONS announces new partnership with eOriginal, a digital transaction specialist.
  • Investor’s Business Daily profiles Stockpile.
  • American Banker names SigFig as leader in robo-advisory revolution.

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: Azimo, Bleu, Fenergo, Green Dot, Guardian Analytics, Insuritas, Markit, Misys, Sberbank, SigFig, SuiteBox, WePay

On Finovate.com

  • “SuiteBox Teams Up with Midwinter to Ease Compliance Burdens for Investment Advisers”
  • “SigFig Partnership with UBS Features Equity Investment, Tools for Wealth Managers”

On FinDEVr.com

  • “PIMCO Selects Markit and KYC.com to Bolster Onboarding”

Around the web

  • PaymentEye interviews Azimo CEO Michael Kent in discussion with Ricky Knox, Tandem CEO.
  • Sberbank introduces fundraising function in mobile application.
  • Guardian Analytics partners with the Norman Group.
  • WePay unveils its white-label mPOS solution.
  • Misys wins awards for its work with Bank of Beijing and Vietnam Technological & Commercial Joint Stock Bank.
  • Green Dot announces plans to divide chairman and CEO roles.
  • Michigan First FCU leverages Insuritas to power Michigan First Insurance Agency for its members.
  • Bleu selected for VC Fintech Accelerator in Little Rock, Arkansas.

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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San Francisco Business Times Ranks 4 Alums Among the Area’s Best Places to Work

By Julie Muhn (@julieschicktanz) Posted on
Categories: Gusto, Intuit, Signifyd, WePay, ZenPayroll

The Bay Area is one of the hottest cities in tech right now, and with a city full of companies vying to hire the best talent comes plenty of competition in the form of job perks. The San Francisco Business Times recently released its list of the best places to work in the Bay Area in 2016.

The 125 companies that made the list were selected from a group of 400 nominees. Quantum Workplace created the rankings from survey data received from employees of nominated companies. The rankings are numeric, based on Quantum’s scoring process.

Four Finovate alums in four categories made the list:

Category: largest companies

Intuit

Rank: #4 in largest companies
2015 rank: #6 in largest companies
Founded: 1983
Best perks:

  • 8 weeks of paid parental leave
  • Subsidized rates for child care and elder care
  • Programs for pet-sitting and dog-walking

Intuit’s Mint demoed at FinovateSpring 2013 and its developer group presented at our 2015 FinDEVr event on the West Coast.

Category: large companies

Gusto (formerly ZenPayroll)

Rank: #5 in large companies
2015 rank: #1 in small companies
Founded: 2011
Best perks:

  • A ticket to visit anywhere in the world after an employee’s one-year work anniversary
  • New-hire workshops that expose employees to all aspects of the organization
  • Bimonthly meetings that openly discuss Gusto’s growth and financial situation

Gusto demoed (as ZenPayroll) at FinovateSpring 2014:

Category: mid-size companies

WePay

Rank: #20 in mid-size companies
Founded: 2009
Perks:

  • Free lunch and snacks
  • Gym membership
  • Family ski trip for all employees and their families

WePay demoed at FinovateSpring 2014

Category: smallest companies

Signifyd

Rank: #7 in smallest companies
Founded: 2011
Perks:

  • Catered lunch
  • Specialized coffee
  • Game room

Signifyd demoed at FinovateSpring 2013

To see the newest in fintech from the Bay Area, check out FinovateSpring, which comes to San Jose on May 10 & 11. Tickets are going fast so register soon.

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Finovate Alumni News

By David Penn Posted on
Categories: Bill.com, CardFlight, DigiByte Holdings Limited, FairCom, Fenergo, ING Bank, Insuritas, Jack Henry, Motif Investing, Nostrum Group, Payoneer, Praesidio, Solace Systems, WePay, Xignite

On Finovate.com

  • “Brunon Bartkiewicz Named New CEO at ING Bank Slaski”

On FinDEVr.com

Around the web

  • Xignite announces its XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace. Join Xignite at FinDEVr 2016 in New York, March 29 and 30.
  • CardFlight integrates with Stripe to encourage developers to build EMV payment functionality within their mobile apps.
  • Jack Henry partners with The Clearing House to help spread “real-time payment ubiquity” among FIs.
  • Fenergo to provide Client Lifecycle Management solutions to Nikko Securities America.
  • WePay wins gold at 2016 Stevie Awards for sales and customer service.
  • Entrepreneur reports: Payoneer to enter Indian market.
  • Insuritas replaces GoogleCompare by launching new technology that provides one-stop shopping for financial products.
  • Bill.com launches the Bill.com Network to promote faster, lower-cost payments for 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.

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Finovate Alumni News

By David Penn Posted on
Categories: Alpha Payments Cloud, Backbase, FundAmerica, Hyperwallet, PayPal, Soundpays, Top Image Systems, Venmo, WePay, wipro

Around the web

  • Wipro appoints Abidali Neemuchwala, CEO and member of the board, and names TK Kurien as executive VP.
  • Top Image Systems announces quarter-million-dollar eFLOW5 upgrade project of Hong Kong subsidiary of a top-ten Chinese bank.
  • Let’s Talk Payments interviews Peter Burridge, Hyperwallet CRO and president.
  • PYMNTS interviews WePay’s Global Vice President of Sales and Success Kurt Bilafer about customer intimacy in online commerce.
  • Fortune: How Venmo plans to make money.
  • PayPal and Aramex partner to create www.ishoptheworld.com, a one-stop cross-border marketplace.

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 Alumni News

By David Penn Posted on
Categories: Aerospike, Boku, Cachet Financial Solutions, Corezoid, edo Interactive, Enterprise Engineering, Gusto, Handpoint, Matchi, Prosper, Stratos, WePay, ZenPayroll

On Finovate.com

Around the web

  • edo Interactive brings its card-linking technology to the Rewards Network.
  • ZenPayroll changes its name to “Gusto,” adds health care and worker’s compensation to its services.
  • Boku partners with Japan’s Ueshima Coffee Company to allow customers to top up coffee cards using their mobile phones.
  • Cachet Financial Solutions receives approval from its issuing bank and MasterCard to offer Select Mobile Money for corporate clients.
  • KPMG and Matchi form alliance to enhance access to financial innovation.
  • Radius Bank partners with Prosper to direct customers interested in personal loans to the marketplace lender and receive referral fees.
  • Eastern Bank to pilot Stratos partner program.
  • Handpoint receives undisclosed investment from Icelandic VCs Eyrir Sprotar and Frumtak to fuel U.S. expansion.
  • WePay launches ACH-transfer capability to expand its payment-type platforms offered to customers.

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: Bright Funds, CardFlight, Eco-Mail, FIS, Hedgeable, InComm, Lighter Capital, PayPal, Pindrop Security, SocietyOne, Socure, Tradier, WePay

On Finovate.com

Around the web

  • Pymnts interviews Rich Aberman, WePay co-founder.
  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • Gwyneth J. Gaul joins Bright Funds as the company’s new vice president of corporate partnerships.
  • Dividend.com features several alums in its discussion on how robo-advisors are changing the investment world.
  • Washington Technology Industry Association creates video about Lighter Capital.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Socure appoints Michael Hiskey as vice president of marketing. Join Socure at FinovateFall 2015 in New York.
  • Investment News quotes Hedgeable CEO Mike Kane on bitcoin’s prospects as an alternative asset class. See Hedgeable in New York at FinovateFall 2015.
  • Avidia Bank ($1.2 billion) to deploy Cardless Cash ATMs courtesy of partnership with FIS.
  • Eco-Mail names John Schloff as managing director of marketing. Catch Eco-Mail live at FinovateFall 2015 in September.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.
  • Pindrop Security appoints Mike Vandiver as chief financial officer.
  • Check out this week’s FinDEVr APIntelligence.
  • Australia-based SocietyOne hits $200m in applications.

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: AcceptEmail, Betterment, Fidor Bank, Klarna, MX, Nous.net, On Deck Capital, Ripple, TIO Networks, TSYS, WePay, Zopa

On Finovate.com

  • “Four Finovate Alums Land on Inc. Magazine Top 100″

Around the web

  • Check out Utah Business’s video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Come see what MX has for developers at FinDEVr this October.
  • Silicon Republic names WePay, Betterment, and OnDeck as companies to follow on Twitter.
  • Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time.
  • TSYS hires Patricia Watson as Senior EVP and CIO.
  • Finovate, FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Waters Technology looks at the use of sentiment analysis by investment-oriented startups like Nous and Market Prophet.
  • BankNXT profiles the partnership between two disruptive businesses, Uber and Zopa.
  • Klarna valued at more than $2.25 billion after secondary offering.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • TIO Networks initiates a non-brokered private placement of up to 2.1 million Common Shares priced at $1.08 CAD per share.
  • AcceptEmail names Ron Averett as president and CEO for U.S.A. and 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.

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Four Finovate Alums Land on Inc. Magazine Top 100

Four Finovate Alums Land on Inc. Magazine Top 100
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cardlytics, Kabbage, Prosper, WePay

Inccollage

Last week, Inc. Magazine published its annual ranking of private American companies based on 3-year revenue growth.

Four out of the top 100 companies are Finovate alums:

KabbageLogo2015Kabbage, provides working capital to small businesses online:

WePayLogoWePay, payment technology provider for online platforms and marketplaces:

ProsperLogoProsper, online P2P lending platform:

CardlyticsLogoNewCardlytics, a card-linked offers platform that provides big-data insights to financial institutions

Further down this year’s list are Payoneer, ranked 1976; CAN Capital, ranked 3206; Forte Payment Systems, ranked 4,466.

Having four alums among the 100 fastest-growing companies is a testament to fintech’s recent growth spurt. Last year, only two—Lending Club (ranked 248) and OnDeck (ranked 726)—made the top 1,000. Since both went public in late 2014, neither qualified for this year’s list.

The increasing number of Inc.’s 500 fintech companies is partially fueled by the swell in funding over the past few years. Inc. Magazine noted this trend in its recent article, Why Fintech Is One of the Most Promising Industries of 2015. It primarily focuses on WePay’s achievements but also highlights growth and success stories throughout the industry.

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