FinovateSpring 2015 / Aurora Financial Systems
Presenter Profile:
How they describe themselves: Aurora is a debit processor and program manager, focusing primarily on incentive, payroll, and reloadable prepaid products. We’ve spent the last 4 years building out our processing platform and mobile functionality and have key partnerships with PFM leaders such as MX and Mvelopes.
How they describe their product/innovation: NOTE is the first vertically integrated budgeting solution for Financial Institutions. Unlike other products, which promote leaving your bank for their products, NOTE was created to manage your discretionary spend and compliment the FIs checking and savings accounts. We use MX’s award winning budgeting solution and our processor is directly connected to provide real-time budget updates.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev., Press & Sales: Scott Stagg, Co-Founder, sstagg@aurora-fs.com, 914-318-6651
Website: aurora-fs.com
HQ: Purchase, NY
Founded: November 2009
Product Demoed: NOTE
Product Launch: April 1, 2015
Metrics: $15M raised to date, 15 employees, $2M annual revenues, limited users and website traffic as we’ve previously focused on B2B incentive card business
Presenters: Scott Stagg (CEO & Founder), Chris Melendez (Chief Strategy Officer)
- Key Executives
Scott Stagg (Co-Founder), Chris Melendez (VP Strategic Partnerships)
Key Stats
- Key Partnerships
MX, Mvelopes