Three Finovate alums, SizeUp, Token, and Pendo Systems won in their respective categories at the Innotribe 2015 New York showcase today in Manhattan. The three will join fellow New York showcase winners, Payfirma and Hyperledger—and 15 other finalists from showcases in London, Singapore, and Capetown—at the final competition at the Sibos conference in Singapore in October 2015.
Fresh off their Finovate debuts this spring, SizeUp and Token competed in the early-stage startups category. This category includes companies less than three years old or have less than $1 million in combined revenue and investment in the past 12 months.
Based in San Francisco, SizeUp provides companies with the business intelligence and market research they need to make better use of their data. In its first appearance at FinovateSpring 2015 in San Jose, SizeUp demonstrated a version of its platform geared specifically for financial institutions, SizeUp FI.
Next is @aubalde from @SizeUpBusiness that provides FIs w/ big data for their small business customers #ISCNewYork pic.twitter.com/Em4aKJ9DRH
— Innotribe (@Innotribe) 18 June 2015
Also making its debut at FinovateSpring 2015, Token has developed a payments ecosystem that helps banks and billers meet regulatory, business, and consumer demand for faster, real-time payments and better security. The company was founded in January 2015 and is based in Palo Alto, California. Steve Kirsch is CEO and founder.
.@token_io now up, who helps banks comply with reg demands for fast and secure pymts. @stkirsch presents #ISCNewYork pic.twitter.com/En3Imw7Kph
— Innotribe (@Innotribe) 18 June 2015
Pendo Systems won in the growth-stage startups category, representing companies more than three years old or have more than $1 million in combined revenue and investment in the past 12 months. Founded in 2007 and based in New Jersey, Pendo Systems demoed its cross-vertical, global investment-accounting cloud-solution, BasisPoint, at FinovateAsia 2012.
.@PendoSystemsInc on how it is harmonizing data and creating a single, searchable view #ISCNewYork pic.twitter.com/NMKvUeD7B2
— Innotribe (@Innotribe) 18 June 2015
Also competing at the Finale in October are Finovate alums Revolut and Sedicii, finalists from the 2015 London showcase.
The Innotribe Startup Challenge was launched by SWIFT in 2011 as a way to promote technological innovation in the financial services industry. The challenge features regional showcases around the world that provide opportunities for emerging fintech startups to network with banks, venture capitalists, and decision-makers in financial services.