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On Finovate.com Finovate Debuts: LendKey Enhances Lending-as-a-Service for Local Banks & Credit Unions. Xpenditure Raises $5.7 Million in Series A. Around the web OnDeck again expands its partnership with the Association for Enterprise Opportunity to support access to capital for entrepreneurs and small businesses. Norway’s SpareBank 1 acquires mCash for an undisclosed amount. FIS launches Read more…
miteksystems.com | miteksystems.com/blog | @miteksystems Headquartered in San Diego, California, Mitek (NASDAQ: MITK) is the leading innovator of mobile capture and identity solutions to improve customer acquisition. Mitek’s patented mobile photo technology automatically captures images of personal, financial and ID documents and then extracts relevant data. This enables consumers to use the Camera as a Read more…
Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). SoFi’s $1 billion received wide coverage this week, but we’d already covered it a month ago, so it’s not included in this week’s total. But even Read more…
Funding to the fintech sector maintained pace this week with another quarter-billion ($234.3 million) added to the bank accounts of 17 startups worldwide. The biggest pure-equity round went to Finovate-alum CoverHound, an insurance portal gaining favor with the VC community. There were several interesting acquisitions including French bank Credit Mutual Arkea paying a reported $56 Read more…
On Finovate.com Commentary: “”Prosper Signals Move into PFM with $30 Million Acquisition of BillGuard“ Thanks to Xignite, the #FintechRevolution Will Be API’d” Around the web Lending Club adds Indiana, Kansas, and Nebraska, expanding its services to 36 states. Premier Bank in Bangladesh extends payments agreement with TSYS, upgrading to PRIME4. iSignthis to provide KYC services Read more…
The money-flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. It was the eighth week this year that total fundings surpassed the $500-million mark. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio, which will be presenting its security and fraud-control Read more…
On Finovate.com “FinovateFall 2015 Best of Show Winners announced“ Around the web OnDeck and Intuit join forces to launch $100 million lending-fund for small businesses. See Intuit at FinDEVr 2015 in San Francisco in October. The Appzillon Banking Solution from i-exceed technologies earns deployment at two banks in India. Azimo and TransferTo team up to Read more…
This post is part of our live coverage of FinovateFall 2015. Midway through our final session of the day, here is the team from Fern Software. BayTree is a developer-friendly, plug-and-play banking/CRM system for existing software to consume and work with the Fern data. With BayTree, Fern is introducing a new web application that offers Read more…
This post is part of our live coverage of FinovateFall 2015. Our next presenter is IDmission with its suite of onboarding and engagement solutions. INFORM is a fully configurable enterprise product that enables building of sophisticated user experiences without any programming. You can build your own forms with KYC, document management, image processing, biometrics, online Read more…
Ahead of Finovate next week, it was a lively few days with 18 companies receiving cash inflows totaling $207.6 million. The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil); CommonBond ($35 mil); Orchard Platform ($30 million); and one financial-institution-supported blockchain startup: Chain ($35 mil). Finovate alum Trunomi raised $3 million, Read more…
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 Read more…
On Finovate.com Check out our latest FinovateFall Sneak Peeks: Buzz Points Capriza Hedgeable Quisk Sliced Investing Soundpays “Finovate Debuts: Slice Introduces Intelligent Shopping API” “Arxan Technologies Drafts Joe Sander as CEO” Around the web Kasasa reaches milestone: 300+ community FIs now offer Kasasa to members, a total of 823,000 accounts. NY Times lists Betterment, Coinbase, Read more…