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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check Point, Concur, Currency Cloud, CurrencyFair, HedgeCoVest, Kantox, Misys, Moven, Quantopian, Taulia, Telenor banka, Toopher, TransferWise, Venmo, Xero, Yodlee

On Finovate.com

  • Multi-Factor Authentication Specialist Toopher Acquired by Salesforce

Around the web:

  • Moven updates iOS and Android apps for easier views of balance and spending.
  • Concur surpasses 30-million-user milestone.
  • Multi-factor authentication now available for Venmo users on both iOS and Android.
  • Mobile World Live interviews VP of Telenor Financial Services and CEO of Valyou, Viktoria Erngard.
  • FT.com Business & Economy feature on P2P foreign exchange highlights TransferWise, CurrencyFair, Currency Cloud, and Kantox.
  • Misys wins honors in three categories at FStech Awards 2015.
  • HedgeCoVest adds 14 new models to its platform.
  • Business Insider Australia features Xero.
  • Yodlee announces 100% revenue growth in Australia and New Zealand.
  • Check Point to acquire Lacoon Mobile Security for a reported $100 million.

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: Azimo, blooom, Bluefin Payment Systems, GMC Software Technology, Google Cloud Platform, Mortgagebot, Nomis Solutions, Prosper, ReadyForZero, TransferWise, TSYS, Wallaby Financial, Xero

On Finovate.com

  • “Finovate Alums Win Leading Vendor Honors from MyPrivateBanking Research”
  • “Last Chance for FinovateSpring Early-Bird Tickets… Save $100″
  • “ReadyForZero Acquired by Avant in Cash and Stock Deal”
  • “Wallaby Launches Wise Bread Rewards Maximizer”

Around the web

  • Nomis Solutions announces new partnership with Tangerine.
  • blooom wins Kansas City’s InnovateHER pitch competition.
  • PYMNTS.com MPD CEO Karen Webster interviews Todd Doherty, TSYS senior director of analytics.
  • Tech City highlights TransferWise and Azimo in its look at the remittance industry.
  • GMC Software named Xplor’s Technology of the Year for its Inspire Dynamic Communications solution.
  • “D+H to Buy Payments Firm Fundtech for $1.25 Billion”
  • Google Cloud Platform launches Cloud Console for Android.
  • Bluefin Payment Systems and Phoenix Managed Networks partner to provide Bluefin’s Decryptx P2PE Solution to clients of Phoenix Managed Networks.
  • Xero reaches 200,000 customers in Australia.
  • Prosper reaches record loan originations for March, surpasses $3 billion in lending.

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: Arxan Technologies, BankBazaar, BehavioSec, Comarch, Dealstruck, Digital Insight, Jemstep, Malauzai Software, PhotoPay, Quantopian, True Potential, Xero

On Finovate.com

  • Finovate Debuts: PhotoPay’s BlinkOCR Recognizes Data by Context.
  • Finovate Alums Win Gold, Silver, and Bronze at PYMNTS Innovation Awards 2015.

Around the Web:

  • PYMNTS interviews DealStruck CEO & Co-founder about how the startup works with traditional banks. Come see DealStruck demo at FinovateSpring 2015.
  • BBC News features BehavioSec’s behavioral biometrics security.
  • iZettle integrates with Xero to keep business’ sales, VAT, deposits & processing fees updated with accounting.
  • Consumers Credit Union deploys online, mobile, and tablet banking solutions from Digital Insight.
  • Arxan Technologies earns finalist spot in Info Security Product Guide’s Annual 2015 Global Excellence Awards.
  • Gartner’s CRM Vendor Guide 2015 features Comarch.
  • Robb Gaynor, chief product officer for Malauzai Software, talks about plans for an Apple Watch app. See Malauzai demo its technology in San Jose at FinovateSpring 2015.
  • True Potential launches True Potential One to help investors consolidate and simplify their finances.
  • The Economic Times feature on mobile banking quotes BankBazaar.com CEO Adhil Shetty.
  • Dealstruck appoints Ryan Campbell as Vice President of Sales.
  • Quantopian-supported research to be published in Stocks & Commodities magazine.
  • Oink featured on NBC 24 Today’s Money Monday program

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: March 4, 2015

By David Penn Posted on
Categories: Bionym, Braintree, CoinJar, CRIF, Finsphere, Fiserv, Flint Mobile, iQuantifi, On Deck Capital, PayNearMe, Ripple, Silanis Technology, Xero, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSecureIDNews takes a look at the partnership between FinSphere and Visa.
  • Fiserv launches four new modules for its Financial Crime Risk Management platform.
  • iQuantifi wins “Best in Show” at Bank Innovation 2015 DEMOvation Challenge.
  • Silanis earns spot on KMWorld’s “100 Companies that Matter in Knowledge Management” list for 2015.
  • IT Business Edge interviews Flint Mobile CEO Greg Goldfarb.
  • American Banker considers the benefits of banks using Ripple.
  • Innovation in Finance interviews CoinJar at FinovateEurope in London.
  • Capital Bank’s OpenSky Puts CRIF’s CreditFlow & StrategyOne to the Test.
  • Inc: How OnDeck Plans to Make Alternative Lending a Blue Chip Business.
  • Inc. lists Bionym as one of 8 Canadian startups to watch out for in 2015.
  • Yodlee now provides data APIs to nearly 50 fintech applications and services in the personal wealth-management space.
  • Braintree expands its Asia-Pac operations into Hong Kong, Singapore and Malaysia.
  • PandoDaily: PayNearMe partners with Grameen America to help lift women out of poverty.
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: March 3, 2015

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Bluefin Payment Systems, CrowdFlower, EyeVerify, HelloWallet, Linkable Networks, Malauzai Software, ThreatMetrix, Wealthfront, Xero
  • Finovate-F-Logo.jpgYour Daily Distraction: FinovateEurope 2015 Demo Videos Now Available.
  • Linkable Networks Rakes in $11.7 Million.
  • Pymnts discusses how Xero will use its recent funding.
  • ThreatMetrix now protects more than 1 billion mobile and web transactions each month.
  • TechCrunch: Wealthfront Now Manages More Than $2 Billion In Client Assets.
  • CrowdFlower launches Data for Everyone initiative, releasing data sets to the public.
  • Bluefin Payment Systems and Small Business Workbench partner for integrated payments.
  • HelloWallet, now owned by Morningstar, to deliver financial wellness software to Seagate employees.
  • BBC News feature on robo-advisers highlights Wealthfront and Betterment.
  • Malauzai Software and Payveris bring next-day P2P payments to First United Bank.
  • ZTE partners with EyeVerify to add Eyeprint ID to its Grand S3 handset.
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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Alumni News– February 25, 2015

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bluefin Payment Systems, BodeTree, CAN Capital, Credit Karma, Digital River, Lending Club, LendingRobot, PaySimple, ProfitStars, Rippleshot, Social Money, Trunomi, ValidSoft, Verde International, Xero
  • Finovate-F-Logo.jpgFinovate Debuts: How Trunomi Shares Customers’ Personal Info while Maintaining Their Privacy.
  • LendingRobot adds Automated Secondary Market Trading.
  • Digital River wins the 2015 Merchant Payment Ecosystem Award.
  • PYMNTS looks at Credit Karma’s funding history and future plans.
  • Lincoln Savings Bank to Deploy CorePro from Social Money.
  • Verde International and Lending Club featured in PYMNTS column on banks and non-traditional loan decision-making.
  • Xero Raises $110 Million from Accel Partners, Matrix Capital.
  • CAN Capital and Worldpay partner to improve access to capital for SMEs.
  • Crain’s Chicago Business looks at Rippleshot and its plans for winning bigger clients.
  • ValidSoft launches its Device Trust solution with a second major UK bank.
  • Yelp Senior Vice President of Revenue Jed Nachman joins PaySimple Board of Directors.
  • Bluefin Payments partners with Infinite Peripherals, an mPOS device provider.
  • ProfitStars launches its Commercial Lending Center, a small business lending portal.
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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Xero Raises $110 Million from Accel Partners, Matrix Capital

By David Penn Posted on
Categories: Xero

Thumbnail image for Thumbnail image for xero.jpg

How many Xero’s are there in $110 million dollars?

The cloud accounting specialist reported Tuesday that Accel Partners will invest NZ$132.9 million by way of a share purchase valued at NZ$20 per share. Along with Matrix Capital Management, which will invest NZ$14.3 million, the investment will bring Xero’s total cash to NZ$285 million, or $213 million USD.

Xero CEO Rod Drury said that the investment was “a testament to our success and our potential to become the small business SaaS platform of choice for entrepreneurs around the globe.”
Xero_homepage.jpg
Accel partner Andrew Braccia pointed to Xero’s plans for expansion in the United States as one of the reasons his company was enthusiastic about Xero. “Accel always looks for enduring technologies with global reach and we see the need and opportunity for millions of small businesses to grow on Xero’s platform.”
The New Zealand-based company plans to use the funds to support growth in both the United States and the United Kingdom. Xero also announced a major personnel change on Tuesday, appointing Russell Fujioka to U.S. President.
DPollack_Xero_FinDEVr14_stage.jpg
Above: David Pollock, Head of U.S. Partnerships, presenting at FinDEVr San Francisco 2014
The investments for both Accel Partners and Matrix Capital are expected to close in mid-March. With its investment, Accel will join Matrix in being able to participate in future share placements.
Xero has enjoyed a great deal of positive press in recent months. The company was highlighted as “our best purchase of 2014” by Business Betties, named to KPMG’s 50 Best Fintech Innovators, and reached a milestone of 400,000 paying customers last December.
Xero participated in the inaugural FinDEVr 2014 event in San Francisco.

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Alumni News– January 14, 2015

By David Penn Posted on
Categories: App Annie, LikeFolio, Patch of Land, PayPal, ShopKeep POS, Silanis Technology, WePay, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPayPal Here to provide Windows support, previews EMV card reader.
  • App Annie raises $55 million in Series D round.
  • Andy Swan of LikeFolio quoted in Yahoo! Finance’s look at Amazon and Walmart.
  • Crowdfund Insider profiles Patch of Land.
  • Insurance Brokers Association of Ontario (IBAO) partners with Silanis to offer e-SignLive to its members.
  • WePay CEO Bill Clerico writes about the relationship between Bitcoin, ApplePay, and mobile payments in 2015.
  • Check out FinovateEurope 2015 Sneak Peek: Part 1.
  • Xero opens Payroll solution to SMBs in California, Florida, and Texas. Plans to be in all 50 states by end of 2015.
  • ShopKeep Pocket app launches with real-time reporting features.
  • Kreditech Acquires Kontomierz for “Seven Digit Amount”.
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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Alumni News– December 19, 2014

By David Penn Posted on
Categories: ayondo, Betterment, BrightScope, CardFlight, CREALOGIX, Financial Guard, FutureAdvisor, Holvi, IntelliResponse, Jemstep, Klarna, Loop, Meniga, Open Bank Project, peerTransfer, Personal Capital, SigFig, TradeKing, TransferWise, True Potential, Wallaby Financial, Wealthfront, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMoney Facts looks at how TransferWise helps consumers save on money transfer fees.
  • Huffington Post features Matthew Goldman of Wallaby Financial in a conversation on credit card strategies for travelers.
  • PYMNTS.com interviews LoopPay Chief Technologist George Wallner.
  • A comparison between Stockholm and Silicon Valley in The Independent highlights Klarna.
  • Virtual Agent Chat checks in on post-acquisition IntelliResponse.
  • Cardflight’s SwipeSimple joins MasterCard mPOS providers.
  • News.com.au reports: How Xero went from a scribbled figure on a serviette to a $2 billion company.
  • Crealogix and Meniga create Digital Bank and PFM Solution for BNP’s Consors Bank.
  • peerTransfer named 2014 Winner of BostInno’s 50 on Fire Award.
  • Forbes lists Holvi as 1 of 5 Finnish startups to watch.
  • Programmable Web considers how Open Bank Project’s API brings more openness to banking internationally.
  • Ayondo launches ad campaign on 2 major German TV networks.
  • Business Insider features Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, TradeKing, and Wealthfront in a look at the growth of robo-advisors.
  • BrightScope releases its Top 30 401(k) Plans List.
  • Management Today profiles David Harrison, managing partner at True Potential.
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 Fill Ranks of KPMG’s Fintech Innovators for 2014

By David Penn Posted on
Categories: Betterment, Coinbase, Credit Karma, CUneXus, Dwolla, eToro, FutureAdvisor, Kabbage, Klarna, Kreditech, LearnVest, Lending Club, MiiCard, Motif Investing, Nutmeg, On Deck Capital, PayNearMe, Personal Capital, Prosper, SecureKey, SigFig, SocietyOne, Stockpile, SumUp, The Receivables Exchange, TransferWise, Wealthfront, Xero, Yodlee, Zopa

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.
50Fintechreport.jpg
The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC). 
The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.” 
Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.
“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote. 
“Venture capitalists seek this enduring competitive advantage over and above everything else.”
Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.
“Ones to Watch” 
See the full list of companies here.

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Alumni News– December 10, 2014

By David Penn Posted on
Categories: Arxan Technologies, Backbase, Dwolla, eMoney Advisor, Entersekt, Kasasa, Lendio, MasterCard, Mitek, Motif Investing, Payfone, PayItSimple, PayPal, PayStand, Receivables Exchange, Temenos, Wealthfront, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNCR to sell new mobile imaging solutions from Mitek.
  • Backbase teams up with Accenture to help FIs improve customer engagement through digital channels.
  • Dwolla announces role as payment partner for Microsoft for Government initiative.
  • Australia-based ME Bank deploys core banking system, business intelligence, and anti-money laundering solutions from Temenos.
  • MasterCard launches MasterPass in France and Russia.
  • Finovate Debuts: eMoney Advisor Provides Financial Advisors with a Suite of New Planning Tools.
  • Independent Financial Advisor takes a look at Motif Investing and Wealthfront.
  • Xero reaches 400,000 paying customers.
  • Entersekt responds to FIDO Alliance’s U2F specifications with its FIDO U2F-enabled authentication solution, Transakt.
  • Fintech for the Rest of Us blog mentions PayStand over PayPal and Stripe for bitcoin payments.
  • PayItSimple integrates with 30 more payment gateways in collaboration with Spreedly now integrated with approximately 70% of all gateways in the US.
  • Payfone and Early Warning partner on mobile authentication. 
  • Marlborough Savings Bank now offers Kasasa to enhance checking account offering.
  • Spend Matters reports: Receivables Exchange the largest of the Online Invoice Auction Exchanges.
  • Arxan announces enhanced mobile runtime app self protection (RASP) capabilities.
  • Lendio named One of Utah’s Best Companies to Work For in 2014.
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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Alumni News– November 21, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, Bazaarvoice, Bionym, Blockchain, CAN Capital, Fiserv, FreeAgent, Intuit, Kashoo, Oink, PayStand, Thinknum, Tuition.io, Virtual Piggy, VoiceTrust, Xero, Yodlee
  • Finovate-F-Logo.jpgUmbrella.co.uk migrates client base of 1,000+ freelancers and contractors to the FreeAgent platform.
  • Uber helping drivers manage and pay back their student loans by partnering with Tuition.io.
  • Actiance recognized in Gartner 2014 Magic Quadrant for Enterprise Information Archiving.
  • Bloomberg: CAN Capital to weigh IPO with up to $2 billion value.
  • Intuit’s Quickbooks and Xero coming to Square App Marketplace.
  • PayStand sets flat fees for e-check payment option.
  • Virtual Piggy, provider of Oink, launches the Oink Discover prepaid card for teens.
  • Fiserv links its Popmoney P2P payment solution to charitable giving.
  • Yodlee wins top honors at Citi Mobile Challenge Latam 2014.
  • Bazaarvoice announces plans to relocated to new corporate HQ in North Austin.
  • Kashoo announces enhancements to its web app, including more P&L options and increased security.
  • VoiceTrust launches strategic partnership with German biometric cloud security company, BioID AG.
  • The Washington Post features Bionym’s Nymiband.
  • Accenture mentions Thinknum as an innovation that is helping to change the banking industry.
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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