“The MarketWatch offers Financial Institutions a unique way to analyze financial data that lives within their systems. Complementary to Meniga’s PFM Solution, the MarketWatch enriches the transactional data and is a real-time, transaction-based analytics platform for industry-specific market intelligence and reporting. The superior market intelligence provided by the MarketWatch can be offered by banks to retailers for competitive analysis or to improve tactical decision making thereby creating a new revenue stream.”
Category Archives: Meniga
19 Finovate Alums Selected for 2014 European FinTech 50 Awards
The FinTech 50 awards highlight 50 European-based companies to watch over the coming year. The companies are selected by a panel of 15 fintech professionals. This year, 19 of the selected companies are Finovate alums.
Here are the Finovate alums selected, listed in alphabetical order:
- Founded: 2006
- Headquarters: Amsterdam, the Netherlands
- Demo videos: FinovateEurope 2011 & FinovateEurope 2012
- Founded: 2009
- Headquarters: Lulea, Sweden
- Demo videos: FinovateSpring 2012, FinovateFall 2013, FinovateAsia 2013, & FinovateEurope 2014
- Founded: 1885
- Headquarters: Paris, France
- Demo video: FinovateEurope 2013
- Founded: 2007
- Headquarters: Limassol, Cypress
- Demo videos: FinovateEurope 2011, FinovateFall 2011, FinovateEurope 2012, & FinovateFall 2012
- Founded: 2000
- Headquarters: Vilnius, Lithuania
- Demo videos: FinovateEurope 2012, FinovateEurope 2013, & FinovateEurope 2014
- Founded: 2009
- Headquarters: Munich, Germany
- Demo videos: FinovateEurope 2011 & FinovateEurope 2012
- Founded: 2009
- Headquarters: Breukelen, Netherlands
- Demo videos: FinovateEurope 2013 & FinovateEurope 2014
- Founded: 2007
- Headquarters: Edinburgh, UK
- Demo video: FinovateEurope 2013
- Founded: 2008
- Headquarters: Barcelona, Spain
- Demo video: FinovateEurope 2011
- Founded: 2011
- Headquarters: Helsinki, Finland
- Demo videos: FinovateEurope 2012 & FinovateEurope 2013
- Founded: 2002
- Headquarters: London, UK
- Demo videos: FinovateFall 2010, FinovateEurope 2011, & FinovateEurope 2012
- Founded: 2005
- Headquarters: Stockholm, Sweden
- Demo video: FinovateSpring 2012
- Founded: 2000
- Headquarters: Warsaw, Poland
- Demo videos: FinovateEurope 2013 & FinovateFall 2013
- Founded: 2009
- Headquarters: Stockholm, Sweden
- Demo videos: FinovateEurope 2011, FinovateEurope 2012, & FinovateEurope 2013
- Founded: 2011
- Headquarters: London, UK
- Demo video: FinovateEurope 2012
- Founded: 2012
- Headquarters: London, UK
- Demo videos: FinovateFall 2012, FinovateEurope 2013, & FinovateEurope 2014
- Founded: 2010
- Headquarters: London, UK
- Demo video: FinovateEurope 2013
- Founded: 2007
- Headquarters: London, UK
- Demo video: FinovateFall 2010
- Founded: 2005
- Headquarters: London, UK
- Demo video: FinovateStartup 2008
FinovateEurope 2014 Sneak Peek: Part 3
To help you prepare for FinovateEurope 2014, our fourth Finovate event in London, we’ve compiled a small taste of what the companies will demo over the course of February 11 and 12. To see each company demo live, get your ticket here.
Below, you’ll find a preview of the next 6 companies in our series. If you missed the first 2 posts, check out:
The Currency Cloud provides a transparent online service powering international payments firms. It enables businesses to move money around the world easily, quickly and securely.
Features:
The ability to hold multi-currency balances in an ewallet Faster international payments Delivered though our upgraded intuitive interface
Why it’s great:
Moving money should be easy. It powers next-generation companies with a transparent, fast and trusted global payments platform to transform how the world moves money.
Mike Laven, CEO
Mike is a seasoned FinTech expert who has been pioneering innovation for over 30 years
LinkedIn
Richard Bastin, CTO
With a lifelong passion for technology, Richard has been leading technology departments for over ten years
LinkedIn
ETRONIKA unites emerging trends and innovative techniques in IT solutions to amaze the market and create unique opportunities for clients in finance, banking and e-businesses.
Features:
- Holistic multichannel partnership ecosystem for banks and partners
- Personalized service offerings enabled by smart data analysis
- Customer loyalty platform with enhanced fraud prevention
Why it’s great:
Its ecosystem helps banks and partners to achieve customer experience beyond expectations through upgraded smart data analysis engine and maximized fraud prevention.
Kestutis Gardžiulis, CEO
Kestutis has 18 years experience in banking and e-channel development. With a background in visual arts and quantum electronics, he is a true idea generator.
LinkedIn
Asta Sabaite, Head of Marketing
Asta’s broad marketing perspective comes from years of multinational practice in FMCG and retail industries. Her creative and analytical skills are devoted to fully understand client’s needs.
LinkedIn
Feedzai provides payment fraud prevention at Big Data scale.
- Connect mobile bank apps to social apps such as Facebook and Yelp, privately
- Consumers check in and post status (geolocation) to protect their transactions
- Feedzai’s fraud software lets banks “friend” customers, offering added peace-of-mind
Feedzai lets consumers and Banks be Facebook friends in order to make omnichannel commerce safe.
![INDGroupLogo.jpg](https://i0.wp.com/finovate.com/assets_c/2011/12/INDGroupLogo-thumb-170x85-4948.jpg)
- Turns the mobile banking channel into a real-time communication platform
- Persona-based design
- Revolutionary card view concept
- Unique way to create value from data and analyze spending behavior
- Anonymous and based on consent of retail banking customers
- New revenue stream. Actionable, real-time insights into retail markets
- Brings retail identity decision making in the internet age
- Provides identity decisions in real time
- Uses multiple independent dynamic data sources
Stay tuned over the next few weeks for more in our Sneak Peek series.
Where Are They Now? FinovateEurope 2013 Best of Show Winners
Demo video
- Celebrated the second year of its social media bank and attracted 3k banking customers.
- Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.
Demo video
- Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
- Released a mobile banking app for Medicinos Bankas.
- One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.
- mBank, along with Accenture, picked up a Best of Show award at FinovateFall 2013
- mBank announced a new transactional service, new logo, premium offer for affluent customers.
- Efigence-powered Alior Currency Exchange awarded Innovation of the year 2012 title
- Efigence-powered Alior Bank won the prestigious Golden Bank 2012 title
- Rebranded as Oink
- Launched new iOS mobile app
- Contracted with Marvelous USA to provide its payment system on their site
- Expanded to a quarter of a million users
- Signed its first UK partners, Toy Galaxy and Toadstool
- Won The National Parenting Center’s 2013 Seal of Approval under the Websites category.
- Partnered with epay
- Received Excellence in Best Practices Award from Frost & Sullivan
- Launched Android app
- Presented their solution to the Bavarian Ministry of Economics
- Expanded to Latin America with launch of m-payments service in Brazil
- Cut its transaction fee across Europe
- Received investment from BBVA Ventures to aid in expansion to South America
- Launched plug-and-play POS technology
- Received multi-million Euro investment from Amex and Groupon
- Launched in Russia and partnered with Svyaznoy Group
- Partnered with Revel Systems to facilitate card payments
- Began supporting AmEx in some European markets
To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.
Finovate Alumni Raise $825 Million in 2013, Up 79%
- 62 companies raised $825 million
- Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million).
- October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
- May was second highest with $91 million raised by 7 companies
![2013YearEndTable.jpg](https://i0.wp.com/finovate.com/2013YearEndTable.jpg)
More than $155 million raised by 14 companies
- Affinity Solutions: $6.75 million — blog post
- CoverHound: $5.5 million — blog post
- DeviceFidelity: $1 million debt financing — blog post
- On Deck Capital: $42 million — blog post
- Tuition.io: $1 million — blog post
March — $42 million raised by 4 companies
- DeviceFidelity: $470,000 — blog post
- SoMoLend: $2 million — blog post
- Q2 (Q2ebanking): $20 million — blog post
- Wealthfront (formerly KaChing): $20 million — blog post
More than $205 million raised by 15 companies
- Affinity Solutions: $21 million — blog post
- Kony Solutions: $18.3 million — blog post
- peerTransfer: $6.4 million — blog post
- Personal Capital: $25 million — blog post
- Receivables Exchange: $10 million — blog post
- SeedInvest: $1 million — blog post
- Cardlytics: $40 million — blog post
- Dwolla: $16.5 million — blog post
- On Deck Capital: $17 million — blog post
- OpenCoin: undisclosed — blog post
- SumUp: undisclosed — blog post
- Swipely: $12 million — blog post
- TransferWise: $6 million — blog post
ised by 2 companies
- Credit Karma: $30 million — blog post
- Zooz: $2 million — blog post
More than $171 million raised by 22 companies
- MyHero/TradeHero: $10 million — blog post
- Azimo: $1 million — blog post
- Lendio: $4.5 million — blog post
- Prosper: $25 million — blog post
- P2B Investors: $1.2 million — blog post
- Wipit: $1.1 million — blog post
- Narrative Science: $11.5 million — news story
- Numbrs: $3.8 million — blog post
- Check: $24 million — blog post
More than $294 million raised by 17 companies
- doxo: $3.5 million – blog post
- Flint Mobile: $2 million — blog post
- Heckyl Technologies: more than $3.5 million — blog post
- peerTransfer: $6.2 million – blog post
- Tradeshift: $15 million — blog post
- Trustev: $500k — blog post
Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.
Innovations at FinovateEurope 2014: Part 2
A week ago we introduced you to half of the companies that will be demoing their technologies on stage for FinovateEurope 2014.
Today we’re providing the second half of our scheduled roster for February.
oring system is designed to better serve the unbanked and underbanked in Asia.
Finovate Alumni News– November 25, 2013
Atos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
- Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
- Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.
- American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
- Fast Company profiles EyeVerify.
- Charitable givers now able to use Square Cash to donate via Bright Funds.
- ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
- MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.
Finovate Alumni News– November 4, 2013
Ally Bank integrates Fiserv’s Popmoney into its set of mobile payment options.
- Collaboration between Meniga and Promsvyazbank (PSB) brings custom-designed PFM solutions to Russian market.
- Cardlytics announces launch of advertising platform with Lloyd’s Bank in the UK.
- Betterment upgrades its iPhone app, launches new Android app.
- Prosper reports $50 Million in Loan Originations in October.
- Crowd Valley partners with BancBox, CrowdBouncer to Support Online Funding Markets.
- Lighter Capital launches $15k Dreamforce giveaway.
Finovate Alumni News– October 29, 2013
Payfone Brings in $10 Million from Early Warning Systems.
- Promsvyazbank in Russia Launches PFM-Service, Powered by Meniga.
- Payments Source: Fiserv Makes a Payments Play for Small Businesses.
- FinovateAsia 2013 Sneak Peek: Part 3 is up.
- Trejdify publishes an introduction to Quantopian.
- GMC Software Technology opens office in Australia. Join them in Singapore next month for FinovateAsia 2013.
- For the third consecutive year Deloitte nominates Trustly as 1 of Sweden’s Tech Fast 50 companies.
- Pennsylvania’s Customers Bank embraces mobile bill pay via Mitek-powered PicturePay.
Third Quarter 2013 Funding for Finovate Alumni — More than $171 Million Raised
The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.
Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).
Here is the Q3 summary for 2013:
- MyHero/TradeHero: $10 million — blog post
- Azimo: $1 million — blog post
- Lendio: $4.5 million — blog post
- Prosper Marketplace: $25 million — blog post
- P2B Investors: $1.2 million — blog post
- Wipit: $1.1 million — blog post
- Narrative Science: $11.5 million — news story
- Numbrs: $3.8 million — blog post
- Check: $24 million — blog post