Category Archives: Oink

Alumni News– September 11, 2014

  • Finovate-F-Logo.jpgArcher Daniels Midland deploys Tradeshift’s Collaborative Workflow system.
  • Coinbase opens its doors to European customers in 13 countries.
  • Dealstruck and Lendio partner to provide capital to Jidan Cleaning.
  • Oink releases v 2.0 of its app to improve mobile shopping experience and allow users to favorite retailers.
  • LightCyber partners with Check Point Software to provide breach detection and response.
  • Stitch Labs features Xero on its list of four apps for multichannel sellers this holiday season.
  • Forex Magnates takes a look at the latest upgrades to Darwinex’s trading platform.
  • Kalixa partners with Millicom to launch new payments service venture in Latin America and Africa.
  • Top Image Systems announces new subsidiary TIS Australia.
  • PYMNTS: Braintree CEO Bill Ready talks about ApplePay with MPD CEO Karen Webster.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 12, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgUK peer-to-peer leader Zopa tops $1 billion.
  • TSYS launches its Enterprise Tokenization solutions to help boost e-commerce security.
  • Thomson Reuters introduces Watchlist Pulse, a buy-side app for its Eikon platform.
  • Jingit’s Co-CEO and Co-Founder Joe Rogness explains to PYMNTS how they combine advertising and payment transactions.
  • StockTwits adds Former Yahoo! CEO and Robert Peck, SunTrust Tech Analyst, to Board of Directors.
  • Nanalyze features Dynamics ePlate technology.
  • Australia’s The Age considers how Society One plans to undercut banks’ personal loan rates by 5%.
  • Knox Payments considers how Mint, LendUp, and Simple are empowering our increasingly cashless society.
  • Oink brings its youth payment technology to online game company, Smilegate West.
  • San Francisco 49ers football team adds Wealthfront to list of benefits for employees.
  • Luxoft opens new delivery center in Guadalajara.
  • CEB Blogs interview Wipro’s Chief Learning Officer Abhijit Bhaduri.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 5, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard’s Ajay Banga sees MasterPass in 14 markets by year’s end.
  • Fox Business interviews BillGuard founder and CEO Yaron Samid live from Tel Aviv.
  • BBVA Compass and Zenmonics to design and test a tablet-based sales app. See Zenmonics at FinovateFall 2014 in New York.
  • Thailand’s Kasikornbank selects core banking technology from FIS.
  • Los Angeles Times Business section features Oink.
  • Financial Samurai reviews FutureAdvisor, comparing the company to Wealthfront and Betterment.
  • MarketInvoice partners with Xero to speed financing for small businesses.
  • Blackhawk Network to bring eGift options to Barclays’ Pingit mobile banking platform.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 4, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOink adds payment solutions provider Merchant e-Solutions to its Channel Partner program.
  • American Banker takes a look at Credit Karma’s plan to provide free, weekly credit reports to its 25+ million members.
  • Allied Payment Network announces 99.2% read success rate when processing payments via PicturePay.
  • Intuit to acquire tax filing software startup, KDK Software.
  • MorningStar’s Christine Benz interviews MaxMyInterest founder, Gary Zimmerman. See MaxMyInterest at FinovateFall 2014 in New York.
  • EZBOB reports boost in client volume.
  • Wall Street & Technology talks gamification and compliance training with True Office.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– July 10, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOptimal Payments announces partnership with Oink.
  • Braintree releases v.zero SDK, featuring support for Pay with PayPal.
  • Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.
  • Segmint named a Preferred Vendor of MAGNET Global Network.
  • Holvi preps to launch into Irish marketplace.
  • doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.
  • Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.
  • Cachet Financial Solutions prices Initial Public Offering.
  • DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– June 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech raises $40 million in series B round.
  • Charge! LoopPay launches its iPhone ChargeCases.
  • Fiserv announces new partnerships and renewals with four credit unions.
  • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
  • P2Binvestor adds three Colorado companies to its portfolio in June.
  • Ian McKenna examines how Yseop’s artificial intelligence can help financial advisors.
  • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
  • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
  • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Where the Alums Are: A Remembrance of FinovateSpring Past

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It is hard to believe that it is almost time for FinovateSpring 2014.

There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!

EXITS
  • Jack Henry buys Banno for undisclosed sum
  • The rumors are true: eBay’s PayPal acquires Braintree for $800 million in cash
  • Intuit buys tax planning/preparation specialist GoodApril
  • TaxAct acquires Balance Financial
FUNDINGS
  • CardFlight secures $1.6 million in seed funding from ff Venture Capital
  • Encap earns seven-figure investment from ProVenture Seed
  • EyeVerify earns $2.3 million in Series A funding
  • Jemstep raises $4.5 million in Series A round
  • Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
  • Kabbage brings in $75 MIllion in debt financing
  • Leaf raises $20 million from Heartland Payment Systems
  • Alternative lender LendUp raises $14 million in new funding
  • D3 Banking creator Lodo Software Brings in $3 million
  • Narrative Science secures $11.5 million in Series C funding
  • OpenCoin wins investment from Google Ventures, IDG Capital Partners
  • P2BInvestor raises $1.2 million in Series A round
  • PayNearMe leverages Family Dollar Partnership; raises $20 million
  • PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
  • Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
  • Quantopian raises $6.7 million in Series A round
  • Realty Mogul raises $9 million in round led by Canaan Partners
  • SeedInvest raises $2 million in crowdfunded investment campaign
  • SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
  • Zooz Closes $2 million Series A round Led by XSeed Capital
AWARDS
ACQUISITONS
  • OpenCoin acquires SimpleHoney
  • Kofax acquires data integration software provider Kapow Technologies
  • NICE to acquire Causata to enhance customer experience management

Finovate Alumni News– April 9, 2014

  • Finovate-F-Logo.jpgMichigan Education Association selects Billhighway to improve membership experience.
  • ProfitStars’ iPay Solutions Resource Center receives NACHA’s 2014 PayItGreen Award.
  • miiCard launches IDaaS for Lenders, a solution that combines ID proofing, bureau data, bank data, & authentication.
  • CardFlight launches SwipeSimple to offer a co-branded mobile POS product to merchants.
  • LA Parent features Oink among its “Cool Tools.”
  • OTP Banka Slovakia to deploy CRIF Credit Framework.
  • LendUp launches in Mississippi, the state with the highest percentage of unbanked and underbanked households in the U.S.
  • Rippleshot CEO Canh Tran to join Chicago-area startups at White House summit on entrepreneurialism. See Rippleshot demo at FinovateSpring in San Jose.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Where Are They Now? FinovateEurope 2013 Best of Show Winners

FE2013bestofshow.jpg

As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.

Here are last year’s winners, in alphabetical order:

creditagricoleLogo.jpg


Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.

What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs.
Demo video

What they’ve been up to:
    • 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.

etronikaLogo2.jpg


Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries. 

What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services.
Demo video

What they’ve been up to:

  • 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.

mbankandefigencelogo.jpg


Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.

What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.

What they’ve been up to:
    • 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

MenigaLogo.jpg

Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.
What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
What they’ve been up to:
    • Promsvyazbank in Russia launched Meniga-powered PFM-Service
    • Raised $6.5 Million (€5 Million) to further develop PFM and online banking
    • BRE Bank launched its “new mBank”based on Meniga´s PFM solution

MovenLogoNew.jpg

Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.
What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers manage and improve their financial health
What they’ve been up to:
    • Launched their Android app
    • Updated the iOS app
    • Received $2 million investment from Life.SREDA
    • Expanded the beta sign ups for the bank
    • Debuted Money Pulse to help users manage day-to-day finances

OinkLogo2.jpg


Who they are: A solution that provides a platform for kids under the age of 18 to make transactions online with parental controls.
What they demoedAn e-commerce solution that enables kids to manage and spend money within a parent-controlled environment
What they’ve been up to:
  • 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

PocketsUnitedLogo.jpg


Who they are: The creator of a social payments app that helps users track and split joint expenses on-the-go.

What they demoed: Their app that helps groups manage shared finances by giving them an easy option to repay one another
What they’ve been up to:
  • Launched Android app
  • Presented their solution to the Bavarian Ministry of Economics

SumUpHiLogo.jpg


Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.

What they demoed: Their mobile point of sale system
What they’ve been up to:
  • 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.