FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Register by Friday to save on early bird price and lock in your spot.

Developer news:

  • American Banker: BBVA Rehires a Co-Founder of Simple to Build Open APIs.

The latest from FinDEVr San Francisco 2015 presenters:

  • Ingo Money Partners with PayPal, adds instant check-splitting.
  • PayPal Unveils Carrier Partnerships & NFC Payment Capability.
  • Modo Payments Closes $2 Million in Funding.
  • PayPal unveils redesign of its Android and iOS mobile apps.
  • Envestnet | Yodlee teams up with South African API marketplace, Limitless.

Alumni Updates:

  • Bluefin Payment Systems and Worldnet Partner for PCI-Validated P2PE on the Worldnet Payment Platform.
  • Xero teams up with Google; bringing gmail and Google Apps for Work to its platform.
  • FirstBank to deploy multi-factor authentication technology, Transakt, from Entersekt.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2

Building a new financial technology? Check out our coverage from our developer conference in San Francisco this fall, and mark your calendars for our spring developer event in New York, March 29 and 30, FinDEVr 2016.

Developer news:

  • BankNXT interviews Stefan Weiss, head of APIs at Fidor Bank, on the APIs, regulation, and expansion.
  • American Banker quotes Simon Redfern, founder of the Open Bank Project, in a look at the drive for open bank APIs in the U.K.

The latest from FinDEVr San Francisco 2015 presenters:

  • Kashoo launches period locking feature to lock data within prescribed timeframes.
  • CenturyLink and Cogent enter into interconnection agreement.
  • Deluxe Corporation celebrates its 100th birthday by ringing the opening bell at the NYSE.
  • Entrust Datacard’s Kurt Ishaug named 2015 CFO of the Year by Minneapolis-St. Paul Business Journal.
  • The TRADE names Markit to its Hall of Fame.
  • Personal Capital lowers investment minimum from $100,000 to $25,000.

Alumni updates:

  • PRUDENA launches online marketplace for stock market research.
  • StockTwits offers brokerage functionality powered by Robinhood.
  • CardFlight announces EMV approval and certifications via TSYS for mPOS solution.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter today!

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’retaking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

Developer news:

  • TechCrunch: Rakuten Launches $100 Million Global Fund For Fintech Startups.
  • GitHub is rolling out a redesign for code repositories.
  • New Relic Now Lets Developers Dive Deeper Into Their Analytics.

The latest from FinDEVr San Francisco 2015 presenters:

  • Hyperwallet Launches Loyalty Program for Independent Workers.
  • Arxan announces Cyber Security scholarship program.
  • Avoka Introduces Digital Account Opening from Within Salesforce.
  • Kabbage to power Sage’s small business loan offering.
  • Market intelligence provider Ipreo selects Xignite to provide real-time and delayed equity prices to its Investor Relations platform, BD Corporate.
  • Nexmo announces partnership with Netherlands KLM.
  • CenturyLink adds Former US Senator Mary Landrieu to Board.
  • Banking CIO Outlook magazine features Praesidio.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Thinking Capital earns Deloitte’s Technology Fast 50 Canada Awards.
  • Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card.
  • Let’s Talk Payments interviews Hyperwallet CEO, Brent Warrington.

Alumni updates:

  • Pymnts chats with Nymi founder & CEO, Karl Martin.
  • Deccan Herald features Cloud Lending Solutions.
  • Xero piloting program to allow users to file their GST returns.
  • MasterCard announced Ed McLaughlin as new Chief Information Officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

Developer news:

  • Harvard Business Review: The Changing Economics of App Development.

The latest from FinDEVr San Francisco 2015 presenters:

  • Aberdeen Asset Management selects Markit to value hard to price assets for positions with limited market data.
  • Developer reviews Authy’s two-factor authentication.
  • PayPal among the companies highlighted in Inc.’s look back at Money20/20.
  • Thomson Reuters unveils its new desktop platform, grouping all its FX transaction venues into one single point of access.
  • Business Insider lists BehavioSec and Fidor, as “companies we wish were big the U.S.”
  • Silicon Slopes Podcast hosts Ryan Caldwell, MX CEO, as he discusses how to improve online banking.
  • Thomson Reuters unveils latest version of its tax technology platform, Thomson Reuters ONESOURCE.
  • Yodlee’s Ynext Unveils New Incubator Class.
  • Business Insider names, BehavioSec among the 12 hottest Nordic fintech startups.

Alumni updates:

  • Trulioo Selected as Runner-Up for Startup Canada Award for Innovation.
  • Xero reaches 600,000 subscribers in 180 countries.
  • VentureBurn features Entersekt CEO, Schalk Nolte.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to check out coverage from our recent developers conference in San Francisco. We’re taking the fintech developer tool showcase to New York March 29 & 30, 2016. Stay tuned for details.

Developer news:

The latest from FinDEVr San Francisco 2015 presenters:

  • Fidor Bank wins in 2 categories at BAI Retail Delivery’s Global Banking Innovation Awards.
  • WSJ features BehavioSec and Nymi in its piece, The Next Security Frontier: The Human Body.
  • PYMNTS.com takes a look at Currency Cloud and the latest update to its API,Payment Engine Two.
  • Worldpay’s IPO on London Stock Exchange is the U.K.’s largest IPO of the year, at a market cap of £4.8 billion ($7.3 billion).
  • Self Lender names MX as 1 of 3 startups who is “absolutely crushing it” in fintech.
  • Kabbage’s Fresh $135 Million to Help Grow Karrot Consumer Lending Platform.

Alumni updates:

  • PocketSmith launches in Xero Add-On Marketplace.
  • Expensify launches new integration features for Xero.
  • Nymi recruits CEO John Haggard; Karl Martin will now serve as CTO.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than a week away!) in San Francisco.

Developer news:

  • Thomson Reuters considers how APIs are changing the fintech narrative.

The latest from upcoming FinDEVr 2015 presenters:

  • FinDEVr San Francisco 2015 Presenters All Mapped Out.
  • PayPal unveils its chip card reader in the U.S.
  • Hyperwallet counts down to next week’s FinDEVr  developer conference.
  • Munich-Based Fidor Bank Launches in the UK.
  • OnDeck partners with Association for Enterprise Opportunity to facilitate up to $10 million in small business loans.
  • Aerospike releases version 3.6 of its NoSQL operational database.
  • TechCrunch: Klarna adds American Express as a partner.
  • Emerging Payments Awards selects Hyperwallet as a finalist for the Best Corporate/Government Payments Program award for 2015.
  • Braintree and PayPal reflect on their two year anniversary.
  • CNET features Personal Capital in a look at investment in robo-advisors.
  • Kaspersky’s blog mentions Twilio’s Authy as a way to protect you ID on a smartphone.
  • Avalara announces the availability of a benefits program exclusively for U.S. QuickBooks ProAdvisors® and their clients.
  • Celent advises banks to be more like Fidor Bank in order to remain relevant.
  • The Neutral Internet Exchange NL-ix will use Interxion Cloud Connect to connect to Microsoft Azure as a part of its new cloud connectivity services.
  • MX Lands $4 Million from CheckFree Founder Pete Kight.

Alumni updates:

  • Xero surpasses milestone of 100,000 subscribers in the UK.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusive for fintech developers, FinDEVr 2015, Oct 6-7 (fewer than 2 weeks away!) in San Francisco.

Developer news:

  • Fusion, Switzerland’s first fintech accelerator, selects 10 start-ups for its 12-month acceleration program that starts on October 5.

The latest from upcoming FinDEVr 2015 presenters:

  • PayPal explains its recently launched API Transactions Dashboard.
  • BehavioSec joins PwC’s Accelerator Programme.
  • Personal Capital appoints Mark Goines as CMO.
  • Business Insider ranks Currency Cloud among top fintech companies in Britain.
  • Let’s Talk Payments lists 25 top alternative lending startups including OnDeck.
  • Kanto X Hits Over $2 Billion in Currency Exchange Transactions.
  • 7-Eleven and PayNearMe launch PayNearMe Bill Pay app, a full-service bill payment center.
  • OnDeck and Intuit join forces to launch $100 million lending fund for small businesses.

Alumni updates:

  • Dynamic Trend integrates with Tradier Brokerage API.
  • Xero previews two new features – Billable Expenses and Invoice Reminders – for small business users of its platform.

Stay up to date on daily developments by following FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2015LogoV2DateAre you building new financial technology? Be sure to register soon for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco.

Developer news:

  • CIO of UBS asserts the blockchain will heavily impact financial services.
  • Inc: Why Fintech Is One of the Most Promising Industries of 2015.
  • Accenture and Leading Banks Invite Applications for Fourth Annual FinTech Innovation Lab London.
  • Tool of the week: SplitMetrics allows A/B testing of App Store promotional pages

The latest from upcoming FinDEVr 2015 presenters:

  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Inc. Magazine ranks Kabbage the 36th fastest growing U.S. private companies.
  • Silicon Republic recommends following OnDeck on Twitter.
  • FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Fidor Bank CEO Matthias Kroner calls bitcoin as a “natural part of the digital lifestyle.”
  • PayPal ranks in the top 5 of payments companies based on market cap.
  • Blackberry selects PayPal for its P2P Payments provider.

Alumni updates:

  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • Blockchain achieves 4 million bitcoin wallets.
  • Xero announces plan to help SMEs get bank loans.
  • Cloud Lending Solutions unveils CL Originate, its next generation, cloud-based loan origination platform.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.

Stay up to date on daily developments by following FinDEVr on Twitter.

The FinDEVr APIntelligence

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco. 

FinDEVr2015-SF-Logo-Stackedwdate

The latest from FinDEVr 2015 presenters:

  • Pinterest turns to  Braintree to power PayPal payment option for browsing consumers.
  • FinDEVr 2015: First Round of Presenting Companies Revealed.
  • Backbase set to launch its first hackathon 19 and 20 of June.
  • Spreedly now supports third party tokens to help merchants continue to process transactions using their existing gateway-specific tokens from within Spreedly.
  • Thinking Capital  announces new name, visual identity and tagline.
  • SandHill mentions  SnoopWall as 1 of 5 Cool Pre-VC Cybersecurity Startups.
  • Avalara  acquires Belgium-based VAT Applications.
  • UPS Capital Partners integrates with Kabbage to offer more SMBs access to a loan through UPS.

Alumni updates:

  • Xero  developing business apps that Apple is using to help market the iPad’s use in business.
  • Tech.co looks at how Trulioo’s API defends startups against credit card fraud.
  • Xero  reaches 500,000 customers for its cloud accounting service, sets sights on 1 million customer milestone.
  • Verizon Ventures welcomes  SimplyTapp to its portfolio of investments.
  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma have all integrated Visa Checkout into their apps.
  • NerdWallet turns to  Trulioo CEO Stepehn Ufford CEO offers 5 steps to protect against cyberthreats.

Stay up to date on daily developments by following FinDEVr on Twitter.

Xero Raises $110 Million from Accel Partners, Matrix Capital

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How many Xero’s are there in $110 million dollars?

The cloud accounting specialist reported Tuesday that Accel Partners will invest NZ$132.9 million by way of a share purchase valued at NZ$20 per share. Along with Matrix Capital Management, which will invest NZ$14.3 million, the investment will bring Xero’s total cash to NZ$285 million, or $213 million USD.

Xero CEO Rod Drury said that the investment was “a testament to our success and our potential to become the small business SaaS platform of choice for entrepreneurs around the globe.”
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Accel partner Andrew Braccia pointed to Xero’s plans for expansion in the United States as one of the reasons his company was enthusiastic about Xero. “Accel always looks for enduring technologies with global reach and we see the need and opportunity for millions of small businesses to grow on Xero’s platform.”
The New Zealand-based company plans to use the funds to support growth in both the United States and the United Kingdom. Xero also announced a major personnel change on Tuesday, appointing Russell Fujioka to U.S. President.
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Above: David Pollock, Head of U.S. Partnerships, presenting at FinDEVr San Francisco 2014
The investments for both Accel Partners and Matrix Capital are expected to close in mid-March. With its investment, Accel will join Matrix in being able to participate in future share placements.
Xero has enjoyed a great deal of positive press in recent months. The company was highlighted as “our best purchase of 2014” by Business Betties, named to KPMG’s 50 Best Fintech Innovators, and reached a milestone of 400,000 paying customers last December.
Xero participated in the inaugural FinDEVr 2014 event in San Francisco.