Recently, three Finovate alumni reached significant funding milestones.
New Round
$14 million Series A funding from Accel Partners
Profile
Market Position: Online Payment Processing
Founded: 2007
Location: Chicago
Description
Braintree is a business credit card processor that provides:
- Merchant accounts
- Payment gateways
- Recurring billing
- Credit card storage
More Information
New Round
$35 million Series B funding from Bain Capital Ventures
Funding History
$5.7 million Series A funding in 2009
Previous Investors
Adams Capital Management
Profile
Market Position: Interactive Payment Cards
Founded: 2007
Location: Pittsburgh, Silicon Valley, New York City
Description
Dynamics’ use of programmable magnetic stripes on payment cards increases security with its four payment card products
- Hidden: Hides the card number until a user enters his pin on the card.
- MultiAccount: Holds two accounts on one card, allowing the user to choose which to use.
- Redemption: Allows the user to choose between using rewards or credit for in-store purchases.
- Dynamic Credit Card: Writes a new security code onto a magnetic stripe for every in-store purchase.
More Information
New Round
$1.75 million from undisclosed investor
Funding History
$9.9 million in June 2008
$9 million in July 2009
$1.75 million in March 2011
Previous Investors
Shasta Ventures, Mohr Davidow Ventures, Frazier Technology Ventures, and Bezos Expeditions
Profile
Market Position: Identity Fraud Protection
Founded: 2007
Location: Bellevue, Washington
Description
Finsphere helps reduce Identity fraud for businesses and individual consumers. Its core product, PinPoint Fraud, validates a user’s identity by comparing the location of their mobile phone with that of the credit or debit card transaction.
More Information