Employees Have A Student Debt Burden; Now, Employers Have Tuition.io

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Tuition.io.

What does your company do? What unique problem does it solve?

Scott Simmons, CFO and COO: Tuition.io is the nation’s leading student debt assistance platform, enabling businesses of all sizes to help reduce their employees’ student loans. Tuition.io empowers employers to attract and retain talent who are saddled with stifling student debt by helping them pay it down. More than 44M Americans currently hold a total of $1.4T in outstanding student loan debt and that number is growing at a rate of $2,726 per second. On average, 70 percent of graduates are coming out of school with $37k in student loans and takes them 20 years to pay back. Student loan repayment assistance is a benefit that’s applicable across the board to various industries and companies, especially any company that utilizes the millennial workforce. Millennials currently make up the largest cohort of the U.S. workforce. Never before has such a large percentage of the workforce been burdened with levels of debt from their education, which has a direct impasct on their ability to pay their bills, save for retirement, and stay in the jobs they love.

Who are your customers?

Simmons: Tuition.io works with companies of all sizes, from Fortune 500 companies such as Live Nation, Estée Lauder Companies, Fidelity Investments, Coupa and Staples, to hospitals, banks, startups and public entities such as the City of Memphis. It’s truly industry agnostic. Tuition.io is on a mission to provide an impactful solution for employers and employees across the country.

How long have you been in business?

Simmons: Tuition.io was founded in 2011 and launched as a consumer-facing platform in 2013. We pivoted to the current B2B model in 2015.

Where are you located?

Simmons: We are headquartered in Santa Monica, CA and have an office in San Mateo, CA.

Who is your company’s leadership? What kind of experience do they have?

Simmons: Our CEO Scott Thompson joined Tuition.io in 2016 after serving on the company’s board. Scott’s mission at Tuition.io is to make student loan repayment an employee benefit that is as widely adopted as the 401(k). Under Scott’s leadership, Tuition.io experienced over 100 percent YOY growth in 2017. Scott has also been at the forefront of efforts to pass federal legislation to amend the tax code making employer contributions tax free.

Scott joined Tuition.io from ShopRunner where he served as CEO and led the company’s rapid retail and member network expansion over the last four years. Prior to ShopRunner, Scott was CEO of Yahoo. Before that, he served as President of Paypal Holdings Inc PYPL 0.65% during its most rapid growth period. During his tenure, he helped grow revenues from $1 billion to $4.4 billion and established PayPal as the leading global online payment service. Previously, Scott held executive positions with Inovant (a subsidiary of Visa), Barclays Global Investors and Coopers & Lybrand.

Who are your investors, if any?

Simmons: Our investors include Wildcat Venture Partners, Mohr Davidow Ventures and MassMutual Ventures LLC, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company.

Is there anything else Benzinga should know about your company?

Simmons: Tuition.io recently raised $7 million in Series B funding to fuel growth and market expansion.

You can grab your tickets here!

To meet with the minds behind companies like Tuition.io and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

With An Emphasis On Mobility, Zazu Is Forging A New Standard For Banking In Sub-Saharan Africa

 

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Zazu.

What does your company do? What unique problem does it solve?

Perseus Mlambo, Founder & CEO: The number of unbanked adults in Sub-Saharan Africa is 350 million, and in Zambia, only 24.8 percent of adults have or use commercial banks. The value of mobile money transactions in Sub Saharan Africa surged to $656m in 2014 and could more than double to $1.3bn by 2019. As more people from Sub Saharan Africa come online, they will be looking for new ways to move money, bank, and access financial services.

Zazu is developing a prepaid card with a companion app to offer a real-time log of a consumer’s spending & control on the card’s usage. Zazu has also developed a chatbot accessible via USSD and voice channels, to teach low income households about financial literacy. This chatbot, has been developed alongside Financial Sector Deepening Zambia (FSDZ), funded by the UK Department for International Development.

Who are your customers?

Mlambo: Our aim is to deliver integral financial services to an increasingly growing (size and sophistication) base. In order to capitalise on this growth, we are building Zazu to provide the payment ‘rails’ on which a broad range of financial services can be delivered cheaply and conveniently to all. We see comparables as DfID funded MPesa who continue to be the poster child for mobile money around the world. Similarly, Monzo in Europe have demonstrated that a well developed challenger bank with customer centricity at its heart can succeed.

How long have you been in business?

Mlambo: Since October 2015.

Where are you located?

Mlambo: In Zambia, Africa.

Who is your company’s leadership? What kind of experience do they have?

  • Founder & CEO – Perseus Mlambo, previously worked at Barclays Estates & Trusts and UN High Commissioner for Refugees.
  • Founder & COO – Alessandra Martini, London School of Economics graduate and Rift Valley Institute
  • CTO – Adam Farah, Lloyds Banking Group
  • Director – Maarten Weehuizen, Royal Bank of Scotland and currently COO at Quest Fund Placement Limited

Who are your investors, if any?

  • Seedrs
  • Damien Lane – Episode 1 Ventures
  • Simon Murdoch, Episode 1 Ventures
  • Fede Pirzio-Biroli – Playfair Capital

Is there anything else Benzinga should know about your company?

We are developing a helpful company, making finance fun and putting Africa on the map. We recently got named one of the top 50 digital banks in the world by Financial It Magazine.

You can grab your tickets here!

To meet with the minds behind companies like Zazu and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

With Cashaa, You Can Take Cryptocurrency To The Bank (And A Host Of Other Places)

 

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Cashaa.

What does your company do? What unique problem does it solve?

Janina Lowisz, VP Marketing Cashaa: Despite the existence of new technologies like blockchain, 3.5 billion people are still unbanked and underbanked and left with outdated, expensive services which are charging the poorest the most, giving higher exchange rates and are slow, full of intermediaries, bureaucracy and extensive paperwork.

Cashaa is building a better bank, challenging legacy banking by building an app and products with input from our community of users. Our blockchain based platform enables its community to store, save, spend, receive, borrow and get insured, with a simplified user experience in a legally compliant way. Ultimately, Cashaa aims to become a one-stop-shop for financial needs.

We bring you our wallet, with tokenized cards powered by CAS tokens. They will also allow users to access and pay through any smart device.

Together with Master Card Service Provider we have built the world’s first wallet that enables our user to store or transfer money to any card in the world. The sender and the receiver transact in their respective local currencies and needs no awareness of cryptocurrencies or blockchain technology.

Money in the Cashaa wallet will move faster and easier than cryptocurrencies, receiver will be able to get the money within 30 minutes in their local currency deposited to any MasterCard, as well as bank account or wallet in the world in our network.

Who are your customers?

Lowisz: We are targeting personal consumers such as immigrants, average bank users, international students and travellers, as well as business consumers: Fintech companies with innovative ideas can use us as platform, such as for lending, bill payments, e-commerce, crowdfunding, startups, ICO launching card based solutions, media companies, businesses with multiple vendor payouts etc.

How long have you been in business?

Lowisz: Cashaa was founded in June 2016.

Where are you located?

Lowisz: We are registered in Estonia, with offices in London and shortly in Mumbai.

Who is your company’s leadership? What kind of experience do they have?

Lowisz: Our team is comprised of some of the best, brightest and most passionate people in the industry sharing the same vision. Our team has more than 200+ Years of Payments and banking experience and includes executives from Fortune 100 technology companies, central bank and top academic institutions. More information can be found here.

Who are your investors, if any?

Lowisz: Our investors include 2F Capital and Celestial Digital Ventures. Instead of looking for further investors, we decided to conduct a token sale, in which we received 33 million USD in 2017, out of which 14 Million was rejected due to strict AML and KYC policy setup by us.

Is there anything else Benzinga should know about your company?

Lowisz: Cashaa will use Auxesis Group`s Auxledger, one of the world`s largest private blockchain networks, which has already 53 Million users resulting from a State Government partnership.

You can grab your tickets here!

To meet with the minds behind companies like Cashaa and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

Join Neighborly At This Year’s Fintech Awards And Learn How Public Works Can Work For Investors

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Neighborly.

What does your company do? What unique problem does it solve?

Garrett Brinker, product manager: Neighborly is a mission-driven fintech firm that operates at the intersection of government, technology and municipal finance. We believe that the humble municipal bond is the original impact investment, and we’re committed to reducing the cost and complexity associated with this largely fragmented and often misunderstood market – which has long been dominated by large institutional investors.

Through innovative technology, competitive fee structure and lower denominations, we have created a way to directly connect fiscally responsible issuers with investors who want to generate returns while effecting positive change in the communities where they live, work and play.

Who are your customers?

Brinker: Through our two distinct subsidiaries, we’re working to bring issuers and investors closer together to facilitate easier access to impactful public projects, from schools and public parks to next-generation infrastructure such as microgrids:

  • Neighborly Securities: Our muni broker-dealer, which uses technology to democratize access to impactful public infrastructure projects: from public parks and playgrounds, to municipal broadband or green energy projects. Though Neighborly Securities also serves the advisory community, it has gained enormous traction serving individual investors – in our inaugural (and award-winning) Cambridge minibond offering, 37 percent of participants were first-time bond buyers. The opportunity to invest in meaningful projects in their own backyard resonated strongly with city residents, and continues to do so in municipalities across the country.
  • Neighborly Investments: Our next-generation technology investment manager focuses on leveraging municipal bonds to maximize after-tax returns through customized impact portfolios. Neighborly Investments predominantly serves: high-net-worth investors who wish to leverage their muni bond allocations to maximal impact; larger RIAs; and institutional investors such as community banks and university endowments that wish to meet CRA Credit requirements, and foster engagement with their local communities.

How long have you been in business?

Brinker: Neighborly was founded in 2012.

Where are you located?

Brinker: Neighborly is headquartered in San Francisco, with strategically located offices in New York City and Boston. We consider ourselves to be an integral part of their respective tech, finance and investment communities.

Who is your company’s leadership? What kind of experience do they have?

Brinker: Jase Wilson is CEO and founder of Neighborly, combining expertise in technology, urban planning and entrepreneurship. Prior to Neighborly, Jase founded and operated Luminopolis, a civic software firm focused on saving local governments millions of dollars annually by replacing legacy enterprise software with modern open source equivalents. A keen technologist and urbanist, he studied city planning at MIT and the University of Missouri-Kansas City.

Kiran Jain is the chief operating officer and general counsel at Neighborly. She is the former Chief Resilience Officer for the City of Oakland, one of the inaugural cities in the Rockefeller Foundation’s 100 Resilient Cities network. Kiran has served as a senior deputy city attorney focusing on land use, urban redevelopment and municipal governance; she also founded the Civic Design Lab to focus on building community resilience.

Neighborly’s broader team harbors decades of combined expertise across the fields of public finance, civic issues and technology.

Who are your investors, if any?

Brinker: 8 VC, Emerson Collective, Bee Partners, Stanford University, Sound Ventures, Fintech Collective

Is there anything else Benzinga should know about your company?

Brinker: We are a diverse team with backgrounds in technology, capital markets and government — all on a mission to help build stronger and more resilient cities through the municipal bond.

You can grab your tickets here!

To meet with the minds behind companies like Neighborly and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

Assure Hedge Offers Automated Hedging To Forex Traders Facing Exposure Risk

 

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on Assure Hedge.

What does your company do? What unique problem does it solve?

Graham Carrick, chief commercial officer: ​Assure Hedge democratises foreign currency hedging through technology. Current forex hedging methods available are slow, inflexible and antiquated. Therefore, most businesses exposed to FX risk remain unprotected. By utilising smart algorithms, Assure Hedge makes it easy to conduct international business across borders by providing a simple online front-end solution for businesses and high net-worth individuals to protect against currency losses. Assure Hedge’s core digital platform has been operating in a regulated environment as of the August 2017 and is currently onboarding customers and building partnerships in preparation for our exiting the UK’s FCA Sandbox in March 2018.​

Who are your customers?

Carrick: Any business that trades internationally and banks or FX providers who don’t have their own FX hedging solution.

In the real world of international commerce, businesses are rarely immune to currency rate (FX) fluctuations. This is evident by the recent stats showing that, in a post-Brexit environment, 71 percent of UK exporters now see currency volatility as the single biggest threat to their business. No easy and cost-effective solution currently exists for businesses to protect their foreign currency cashflow, with solutions on offer by FX brokers and banks being fit only for institutional customers, and significantly being too costly, too complicated or simply out of reach for most businesses.​

How long have you been in business?

Carrick: ​The company was founded in 2016 with our fully regulated launch taking place in mid-March.

Where are you located?

Carrick: ​Dublin, Ireland with an office in London.

Who is your company’s leadership? What kind of experience do they have?

Carrick: ​The company is currently in our growth stage with core operations based in the IFSC in the centre of Dublin. Our team is growing, with 7 full time employees consisting of an experienced trader of 15 years as our CEO, Barry McCarthy, a very strong tech and product team of 3, a commercial and operations team from a trading and gambling background and a highly experienced investor and Company Director who has managed a team of over 200 traders in Asia. In Q4 2017 the company opened its first international office in Canary Wharf, London.​

Who are your investors, if any?

Carrick: ​Our investors consist of a high net worth individual, a government led VC and an accelerator programme. We are in the due diligence stage with a VC fund and a private equity entity.

You can grab your tickets here!

To check out companies like Assure Hedge for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

InsureVite Aims To Deliver Seamless And Secure Insurance Coverage That Puts Policyholders In Control

 

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on InsureVite.

What does your company do? What unique problem does it solve?

We are building a platform that streamlines all administrative processes in the insurance industry, returning ownership of insurance back to customers. We are transforming the way insurers engage with customers, transforming the way agents go about their administration and the way customers look at insurance.

Who are your customers?

Agents/Brokers/Intermediaries & Policyholders.

How long have you been in business?

Six months.

Where are you located?

Singapore and Mongolia.

Who is your company’s leadership? What kind of experience do they have?

David Yeng – CEO. Ten years experience in Sales & Marketing. Notably helped first startup (my own language school hit 400 percent increase in revenue within one year.

Batbayar Ragchaa – CTO. Twenty-two years experience in Systems Development. Former Deputy CEO of Development Bank of Mongolia, Former IT Systems Analyst at UBS New York, former IT lecturer at National University of Mongolia.

Is there anything else Benzinga should know about your company?

We have secured 4 MOUs and validation from 100s of agents. We are also in talks with some large multinational insurers.

You can grab your tickets here!

To check out companies like InsureVite for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

Identity App Yoti Lets You Know That The Right People Know You

 

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on Yoti.

What does your company do? What unique problem does it solve?

Robin Tombs, CEO & co-founder: Yoti is your digital identity app and your ID on your phone. It gives you a simpler, faster and safer way of proving your identity, both online and in person. You only need to create your account once but you can then use it in many different ways: to prove your age on nights out and when buying age restricted items at supermarket self-checkouts, to prove your identity to businesses without showing or photocopying paper ID documents, and to confirm the identity details of people you meet online. It can also be used to securely log into websites.

The free app is available on Apple and Android phones and each account takes less than five minutes to set up. You take a selfie and scan your ID document with your smartphone, which is then transformed into a digital identity. Every account is securely built and verified around a government issued passport or driving license and personal biometrics.

Yoti solves the day to day annoyances such as lost ID and forgotten passwords, as well as the bigger issues such as fraud, online scams and identity theft. Our solution can help millions of people and businesses around the world, and make a real difference at tackling global issues which cost the economy billions of pounds every year.

Who are your customers?

Tombs: We recently launched Yoti in Bournemouth where a number of businesses and venues are accepting Yoti as proof of ID — including nightclubs Cameo, Halo, Truth, Yates and Walkabout. Local tattoo parlours are also using Yoti to ensure their customers are 18+.

We have partnered with Deltic, the UK’s largest nightclub chain with 57 venues across the country. Deltic own Cameo in Bournemouth and are rolling Yoti out to their other venues throughout the UK, giving their customers a safer way to prove their age on nights out. They’re using Yoti to address age verification issues around physical IDs and fraudulent activity around event tickets, and have a more efficient way to control and decline underage admittances.

Sellers on Freeads can use Yoti to verify their personal details to receive a Trusted Member badge on their profile. This gives buyers more confidence that the seller is genuine which, in turn, creates more trust between buyers and sellers online. We’re also working with NSPCC to give young people a simple and secure way to prove they are under 18 online, and we’re gearing up for pilots with two of the UK’s largest supermarkets.

How long have you been in business?

Tombs: Yoti was founded in 2014 and we officially launched in November 2017. Since then we’ve had over 500,000 installs, a successful equity funding round which valued the company at £65m, and we’ve just launched in India. It’s been a busy few months and we’re excited to see what the rest of the year has in store.

Where are you located?

Tombs: We’re based in London with another office in Mumbai.

Who is your company’s leadership? What kind of experience do they have?

Tombs: Through my work at Gamesys, I’ve been involved in checking the age and identity for over 1.5m UK customers in compliance with UK regulations. Duncan’s work in event management means he’s experienced identity verification at large scale events where ID needs to be checked quickly and efficiently.

In 2014, Duncan and I were at a Spartan race where 10,000 people queuing to register with their passport or driving licence. The process was long, outdated and a potential security risk, with people leaving valuable ID documents in a tent during the race. We said there must be a better way for people to prove their identity.

With the advances of biometrics and smartphones we’ve been able to develop a digital identity solution that can be used both online and in person, giving individuals an easier and safer way of proving their identity.

Who are your investors, if any?

Tombs: Yoti is privately funded. To date myself and Noel have invested £25m.

Is there anything else Benzinga should know about your company?

Tombs: We’re on a mission to become the world’s trusted identity platform. We hope Yoti will help millions of people and businesses around the world, giving them a simpler and more secure way of proving and checking identities.

You can grab your tickets here!

To check out companies like Yoti for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

iComply Looks To Define Compliance In The Age Of Digital Assets

 

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on iComply.

What does your company do? What unique problem does it solve?

Matthew Unger, CEO and Founder: iComply Investor Services (as known as iComplyICO) is a RegTech platform for ICO/Token compliance that automates legal and assurance processes and enables compliant issuance and lawful secondary trading of regulated digital assets.

iComplyICO is the world’s only offering for both primary and secondary trading compliance solutions for ICOs, differentiating itself from other related services by acting primarily as an information-tracking ecosystem. This “prefacto” compliance protocol can screen and restrict non-compliant transactions while enabling all ICO market stakeholders to collaborate in the compliant creation and maintenance of ICOs.

Who are your customers?

Unger: Small and medium-sized enterprises. Our first customer was a Canadian real-estate developer. For our next 200+ customers, 80 percent come from traditional companies in manufacturing, real estate, mining, and information services; 20 percent are high-speculation tech companies.

iComplyICO is also developing partnerships with hundreds of accountants, lawyers, regulators, compliance officers, assurance personnel, and ICO consultants worldwide.

How long have you been in business?

Unger: I came up with the concept for iComplyICO at an MIT FinTech course in early 2016; the company was founded September 11, 2017.

Where are you located?

Unger: We are located in Vancouver, BC, Canada.

Who is your company’s leadership? What kind of experience do they have?

Unger: You can find profiles of all our team members (and advisors) on our website.

Who are your investors, if any?

Unger: Praveen Mandal, MIT Fellow, Conrad Whelan, original developer/founder of Uber.

Is there anything else Benzinga should know about your company?

Unger: We’ve been featured on Bloomberg Law, Forbes, BetaKit, CryptoInsider, Business in Vancouver, and a host of other publications.

Our ‘Prefacto Compliance Protocol’ is the world’s first and only offering for both primary and secondary trading compliance solutions for ICOs.

We released our alpha product in early February, and our beta product is scheduled for release in Q2 of 2018.

To check out companies like iComply for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on iComply.

What does your company do? What unique problem does it solve?

Matthew Unger, CEO and Founder: iComply Investor Services (as known as iComplyICO) is a RegTech platform for ICO/Token compliance that automates legal and assurance processes and enables compliant issuance and lawful secondary trading of regulated digital assets.

iComplyICO is the world’s only offering for both primary and secondary trading compliance solutions for ICOs, differentiating itself from other related services by acting primarily as an information-tracking ecosystem. This “prefacto” compliance protocol can screen and restrict non-compliant transactions while enabling all ICO market stakeholders to collaborate in the compliant creation and maintenance of ICOs.

Who are your customers?

Unger: Small and medium-sized enterprises. Our first customer was a Canadian real-estate developer. For our next 200+ customers, 80 percent come from traditional companies in manufacturing, real estate, mining, and information services; 20 percent are high-speculation tech companies.

iComplyICO is also developing partnerships with hundreds of accountants, lawyers, regulators, compliance officers, assurance personnel, and ICO consultants worldwide.

How long have you been in business?

Unger: I came up with the concept for iComplyICO at an MIT FinTech course in early 2016; the company was founded September 11, 2017.

Where are you located?

Unger: We are located in Vancouver, BC, Canada.

Who is your company’s leadership? What kind of experience do they have?

Unger: You can find profiles of all our team members (and advisors) on our website.

Who are your investors, if any?

Unger: Praveen Mandal, MIT Fellow, Conrad Whelan, original developer/founder of Uber.

Is there anything else Benzinga should know about your company?

Unger: We’ve been featured on Bloomberg Law, Forbes, BetaKit, CryptoInsider, Business in Vancouver, and a host of other publications.

Our ‘Prefacto Compliance Protocol’ is the world’s first and only offering for both primary and secondary trading compliance solutions for ICOs.

We released our alpha product in early February, and our beta product is scheduled for release in Q2 of 2018.

You can grab your tickets here!

To check out companies like iComply for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

The Token World: Why Assetbase.io Expects Digital Assets To Dominate Finance

The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we’re profiling the companies competing for the BZ Awards.

Our next feature is on Assetbase.io.

What does your company do? What unique problem does it solve?

Anthony Conrad, head of external relations: Assetbase is an exchange, developed by an independent foundation, to allow users to tokenize real assets and then trade them or even redeem later at their request in a timely manner. This solves a number of issues: First, this allows lower barriers to entry by investors who wish to have the financial security of assets (precious metals, real estate, timber rights, etc.), but with the liquidity and physical security that comes with cryptocurrencies and intelligent contracts. This allows technology to bring the law of regulation and trade up to speed with blockchain and ensure that anyone around the world can have financial security and stability.

Who are your customers?

Conrad: Our customers are grouped into three categories: 1) Young adults who are not saving, but are concerned with their financial future and not seeking traditional services (Credit cards, Mortgages, CDs, Stocks, Mutual Funds) or to diversify into asset based investments, but have no clue how to start. 2) Cryptocurrency fans, especially those in countries where normal financial services are limited or security is an issue, but are spooked by recent price fluctuations. 3) Traditional asset based investors who are looking for greater liquidity combined with the same security they know from being able to have the asset physically, as opposed to ETFs or other “backed” investments.

How long have you been in business?

Conrad: We have been in business since 2017.

Where are you located?

Conrad: The team is spread around the world, working remotely to make this happen, but the base of operations for the Assetbase Foundation is in Saint Kitts & Nevis.

Who is your company’s leadership? What kind of experience do they have?

Conrad: The leadership team is a group of all-stars in their respective fields:

Corey Paul, Director Lead
A serial entrepreneur, Corey believes in the motto, “Talk doesn’t cook rice”. Corey joined AssetBase with the condition that you don’t raise money on an idea alone, but rather, a working model. AssetBase, under his leadership, built the working model, and has asset coins vaulted, verified, and ready to release. Moving forward, he believes AssetBase will continue to overachieve expectations — under sell and over deliver!

Amber Bright, Foundation / Advisor
Amber holds a BBA in Trust & Wealth Management from Campbell University. Following graduation, she spent five years climbing the corporate ladder in the Wealth Management division at one of the nation’s largest banks. Today, she leverages her financial background to bring awareness and enthusiasm to the cryptocurrency space.

Anthony Conrad, AssetBase Advisor
Born and raised in the US, Anthony has migrated to South America and has lead the way into the crypto world. Utilizing a basis in economics and business philosophy from his time at Campbell University, Anthony has founded and exited numerous ventures and currently is developing solutions in Regtech, Fintech, and Insurtech with his work as CEO of Hola Luka and partner at Minka Inc. Speaking regularly in both new and old media, Anthony also lectures on the topics of cryto-currencies, blockchain applications, and digital identity.

Jefferson Davis, Engineer / Block-chain Developer
project manager / smart contracts development / block-chain development / automation specialist / field technician / commissioning specialist / development and maintenance of critical operations technology / electrical design / Instrumentation Technology

Tomislav Bišćan, Block-chain Developer / Advisor
Tomislav is an entrepreneur and experienced chief officer with a demonstrated history in software industry. Strong information technology professional skilled in Software Development, Business Planning, Innovation Management, Blockchain and E-learning. Co-founder of knowledge solutions provider company Cognita since 2004. Since 2016. heavily involved in blockchain technology, smart contracts and a fintech movemet. Proficient in Bitcoin, Ethereum and blockchain architecture and software development. Currently positioned as a lead technology officer for LatAm fintech company Minka working on a Banking-as-a-Service platform built as an Open API.

Anna Velvet, Compliance / Advisor
Investment Banking, Risk and Compliance, Wealth Management >and Trading and Securities. She developed a passion for emerging technology such as block-chain, crypto, cyber security, AI, and Machine learning. Along with her legal studies, Anna had the opportunity of understanding the challenges of regulation in the banking and Fintech space and is now using her wealth of knowledge to help bring awareness of solutions that can solve these issues. As a legal advisor and an asset to our company, she will be giving our firm transparency by providing legal feedback and suggestions to our team.

Who are your investors, if any?

Conrad: With the exception of the current ICO fundraiser, Assetbase has been bootstrapped from the beginning. We pride ourselves in building a great product and want to use investment for growth, not for getting started.

Is there anything else Benzinga should know about your company?

Conrad: We currently are offering 5 precious metal redeemable tokens at Assetbase.store as well as our PDT tokens which are used for governance of the foundation, allowing anyone to have a say in the organization if they own 10000 PDTs or enjoy the profit sharing that PDT holders gain from transactions of the tokens themselves.

You can grab your tickets here!

To check out companies like Assetbase.io for yourself, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

Benzinga Announces Finalists For 2018 Benzinga Global Fintech Awards

 

 

Over 200 companies will compete at premier business development event May 15-16

Benzinga, the leading digital financial media publication and data provider, announced today that over 200 finalists will be competing in nearly 30 categories at the 2018 Benzinga Global Fintech Awards.

The BZ Awards competition recognizes the most innovative companies in every fintech vertical. Finalists and winners are determined by a panel of judges made up of industry experts from firms like Google, D.E. Shaw, CNBC, Fidelity, DRW, J.P. Morgan and more.

Winners of the BZ Awards competition will be announced at the Benzinga Global Fintech Awards Gala on May 15, and the overall first, second and third place winners will speak on a “Winner’s Circle Town Hall” panel the morning of May 16.

Benzinga also announced the full agenda to the event, which includes high-level speakers from top firms on Wall Street and Silicon Valley. BZ Awards attendees will hear from global heads of businesses at Facebook and Amazon Web Services, as well as heads of innovation from J.P. Morgan, Citi and HSBC.

Heads of trading from every major brokerage, including TD Ameritrade, Interactive Brokers and Charles Schwab will also speak at the event.

Other speakers include IBM Watson CTO Tom Eck, Venmo global product manager JoAnn Lambert, Acorns Chief Commercial Officer Manning Field, SigFig CEO Mike Sha and many others.

A ticket to the Benzinga Global Fintech Awards is more than just an entry pass: Attendees will have the opportunity to network with Founders, C-Suite executives, directors of the newest and hottest FinTech companies, brokerages, banks, quants, hedge funds, VCs, and more. Attendees will experience live demos from fast-growing tech startups, incredible networking opportunities, panels and acclaimed keynote speakers.

A limited number of early-bird tickets to the event remain, so be sure to grab yours here.

Savvy event-goers will keep their eyes glued to the Benzinga Fintech Awards Twitter account @BenzingaEvents and the Benzinga Fintech Focus newsletter for deals and promotions.

The full list of finalists includes:

 

Best Alternative Investments Platform CAIS Group
Best Alternative Investments Platform EquityZen
Best Alternative Investments Platform Fundbase
Best Alternative Investments Platform Fundrise
Best Alternative Investments Platform Groundfloor
Best Alternative Investments Platform Livestock Wealth
Best Alternative Investments Platform Mercury Capital Advisors – iFunds
Best Alternative Investments Platform PeerStreet
Best Alternative Investments Platform Rally Rd.
Best Alternative Investments Platform RealtyMogul
Best Alternative Investments Platform Republic
Best Alternative Investments Platform Swaper
Best Alternative Investments Platform YieldStreet
Best Analysis or Research Platform Albridge
Best Analysis or Research Platform Cashforce
Best Analysis or Research Platform Elsen, Inc.
Best Analysis or Research Platform finbox.io
Best Analysis or Research Platform Omega Point
Best Analysis or Research Platform RiskVal Financial Solutions, L
Best Analysis or Research Platform SharingAlpha
Best Analysis or Research Platform StatPro
Best Analysis or Research Platform StockViews
Best Analysis or Research Platform Street Diligence
Best Analysis or Research Platform TradingView
Best Analysis or Research Platform YCHARTS
Best Analysis or Research Platform Vistalytics
Best Analysis or Research Platform SavaNet
Best B2B Commerce Platform DebtBench Fintech
Best B2B Commerce Platform MeaWallet
Best Biometrics Tool or Cyber Security Platform BIOWATCH SA
Best Biometrics Tool or Cyber Security Platform Crypta Labs LTD.
Best Biometrics Tool or Cyber Security Platform Emailage
Best Biometrics Tool or Cyber Security Platform ProxToMe
Best Biometrics Tool or Cyber Security Platform Yoti
Best Customer Engagement Tool or Campaign Asset-Map
Best Customer Engagement Tool or Campaign CUneXus Solutions
Best Customer Engagement Tool or Campaign Finworx360
Best Customer Engagement Tool or Campaign LiveOak Technologies
Best Customer Engagement Tool or Campaign SwipeSum, Inc.
Best Customer Engagement Tool or Campaign Totum Risk, LLC
Best Customer Engagement Tool or Campaign YayPay
Best Digital Bank Chime
Best Digital Bank Lively
Best Digital Bank Oxygen
Best Digital Bank TNG FinTech Group
Best Digital Mortgage Solution Better Mortgage
Best Digital Mortgage Solution Neat Capital
Best Digital Mortgage Solution Cloudvirga
Best Digital Mortgage Solution LoanFuel
Best Digital Mortgage Solution Lenda
Best Educational or Personal Finance Platform Ask a Lender
Best Educational or Personal Finance Platform Echofin LLC
Best Educational or Personal Finance Platform FinTank
Best Educational or Personal Finance Platform Fluo
Best Educational or Personal Finance Platform Gimi AB
Best Educational or Personal Finance Platform Honeyfi
Best Educational or Personal Finance Platform Invest Diva
Best Educational or Personal Finance Platform IonTuition
Best Educational or Personal Finance Platform Kapitall
Best Educational or Personal Finance Platform Online Trading Academy
Best Educational or Personal Finance Platform Questis, Inc.
Best Educational or Personal Finance Platform Rubicoin
Best Educational or Personal Finance Platform SmartAsset
Best Educational or Personal Finance Platform Tuition.io
Best Educational or Personal Finance Platform Uniko
Best Educational or Personal Finance Platform Warrior Trading
Best Financial Advisor or Wealth Management Platform AdvisorBid
Best Financial Advisor or Wealth Management Platform Brinker Capital – RIA Services
Best Financial Advisor or Wealth Management Platform BrokerHunter
Best Financial Advisor or Wealth Management Platform Envestnet
Best Financial Advisor or Wealth Management Platform InvestCloud Navy
Best Financial Advisor or Wealth Management Platform ITECHFLOCK SOFTWARE PRIVATE LIMITED
Best Financial Advisor or Wealth Management Platform laserfiche
Best Financial Advisor or Wealth Management Platform Minna Technologies
Best Financial Advisor or Wealth Management Platform MyVest
Best Financial Advisor or Wealth Management Platform OpenInvest
Best Financial Advisor or Wealth Management Platform Orion Advisor
Best Financial Advisor or Wealth Management Platform RBC Correspondent & Advisor Services
Best Financial Advisor or Wealth Management Platform Redtail Speak
Best Financial Advisor or Wealth Management Platform Riskalyze
Best Financial Advisor or Wealth Management Platform Sharesight
Best Financial Advisor or Wealth Management Platform Vestwell
Best Forex Platform Fortex, Inc.
Best Forex Platform FXStreet
Best Forex Platform MarketFactory
Best Forex Platform Mount Wish
Best Forex Platform Send Money Home
Best Forex Platform Tradagon
Best InsurTech Solution Aclaimant
Best InsurTech Solution allai
Best InsurTech Solution Coverhero
Best InsurTech Solution Exdion Solutions
Best InsurTech Solution Hellas Direct
Best InsurTech Solution Insurify
Best InsurTech Solution Life.io
Best InsurTech Solution Lumity, Inc.
Best InsurTech Solution Matic
Best InsurTech Solution Protecht Inc, dba TicketGuardian
Best InsurTech Solution Snapsheet
Best InsurTech Solution Sureify
Best Lending Platform 4G Capital
Best Lending Platform ACORN OakNorth
Best Lending Platform Credibility Capital Inc.
Best Lending Platform Credibly
Best Lending Platform Creditor.ai
Best Lending Platform ftcash
Best Lending Platform Kasasa
Best Lending Platform Lendio
Best Lending Platform Minterest Private Limited
Best Procurement or Supply Chain Solution 14bis Supply Tracking
Best Procurement or Supply Chain Solution Accrualify, Inc.
Best Procurement or Supply Chain Solution Candex, Inc.
Best Procurement or Supply Chain Solution Yapta
Best Proprietary Platform or API Accern
Best Proprietary Platform or API AlphaPoint
Best Proprietary Platform or API Apex Clearing
Best Proprietary Platform or API Difitek
Best Proprietary Platform or API Everysk Technologies
Best Proprietary Platform or API Finicity
Best Proprietary Platform or API FinLink, Inc. d/b/a Mbanq
Best Proprietary Platform or API FinMason
Best Proprietary Platform or API Instantor
Best Proprietary Platform or API ipushpull
Best Proprietary Platform or API Modo
Best Proprietary Platform or API Redtail Technology
Best Proprietary Platform or API RUBIQUE
Best Proprietary Platform or API SDK.finance
Best Proprietary Platform or API Singular Banking
Best Proprietary Platform or API TransFICC
Best Proprietary Platform or APIs VSoft Corporation; platform: Arya
Best Real Estate Platform CrowdStreet
Best Real Estate Platform Income&
Best Real Estate Platform RealtyShares
Best Real Estate Platform Roofstock
Best RegTech Solution 8OF9
Best RegTech Solution AQ Metrics
Best RegTech Solution BigID
Best RegTech Solution Checkbox
Best RegTech Solution ClauseMatch
Best RegTech Solution ComplySci
Best RegTech Solution iComply Investor Services Inc.
Best RegTech Solution Jumio
Best RegTech Solution Neuroprofiler
Best RegTech Solution Onfido
Best RegTech Solution PerformLine
Best RegTech Solution Sum&Substance
Best RegTech Solution Thesys Technologies
Best RegTech Solution Thisisme
Best RegTech Solution Trulioo
Best RegTech Solution Trunomi
Best RegTech Solution Vena Solutions
Best Robo-advisor Bambu
Best Robo-advisor Betterment
Best Robo-advisor Gravity Investments
Best Robo-advisor LendingRobot
Best Robo-advisor Magnetis
Best Robo-advisor Moneyfarm
Best Robo-advisor Munnypot
Best Robo-advisor Polaris Portfolios
Best Robo-advisor Wealthfront
Best Robo-advisor WiseBanyan
Best Trading Execution Platform or Brokerage Capital.Com
Best Trading Execution Platform or Brokerage Clearpool Group
Best Trading Execution Platform or Brokerage Entrex
Best Trading Execution Platform or Brokerage Envision Financial Systems
Best Trading Execution Platform or Brokerage Jellifin
Best Trading Execution Platform or Brokerage Trumid Financial
Best Trading Idea Platform Capital Market Laboratories
Best Trading Idea Platform Fortuitapps Limited UK
Best Trading Idea Platform StockHoot LLC
Best Under-banked or Emerging Market Solution Airfox
Best Under-banked or Emerging Market Solution Braviant Holdings
Best Under-banked or Emerging Market Solution CreditStacks
Best Under-banked or Emerging Market Solution Elevate Credit
Best Under-banked or Emerging Market Solution Experian MicroAnalytics
Best Under-banked or Emerging Market Solution Finn.ai
Best Under-banked or Emerging Market Solution Humaniq
Best Under-banked or Emerging Market Solution ID Finance
Best Under-banked or Emerging Market Solution LenddoEFL
Best Under-banked or Emerging Market Solution MoneyLion
Best Under-banked or Emerging Market Solution Oakam
Best Under-banked or Emerging Market Solution Self Lender, Inc.
Best Under-banked or Emerging Market Solution Teller
Best Use of AI or Machine Learning AppZen
Best Use of AI or Machine Learning bkper
Best Use of AI or Machine Learning Bondit
Best Use of AI or Machine Learning City Falcon Limited
Best Use of AI or Machine Learning Clerk.ai
Best Use of AI or Machine Learning Clutch.AI
Best Use of AI or Machine Learning Endor Software Ltd
Best Use of AI or Machine Learning JD Finance
Best Use of AI or Machine Learning Neotic
Best Use of AI or Machine Learning Quantxt Inc
Best Use of AI or Machine Learning SmartBiz Loans
Best Use of AI or Machine Learning Social Market Analytics
Best Use of AI or Machine Learning Trade Ideas
Best Use of AI or Machine Learning VantagePoint Software
Best Use of Blockchain BIGcontrols
Best Use of Blockchain Bitfury
Best Use of Blockchain BlockEx Ltd
Best Use of Blockchain BTL Group Ltd.
Best Use of Blockchain Hive Project
Best Use of Blockchain Omega Grid
Best Use of Blockchain Taqanu
Finding Alpha Through Alternative Data Croudify
Finding Alpha Through Alternative Data Crux Informatics
Finding Alpha Through Alternative Data Dataminr
Finding Alpha Through Alternative Data Essentia Analytics
Finding Alpha Through Alternative Data ExtractAlpha
Finding Alpha Through Alternative Data M Science
Finding Alpha Through Alternative Data Quandl
Finding Alpha Through Alternative Data RavenPack
Finding Alpha Through Alternative Data Sequentum
Finding Alpha Through Alternative Data Stocksnips Inc
Institutional Innovators AutoGravity Corporation
Institutional Innovators Laurel Road
Institutional Innovators OpenFin
Institutional Innovators Pri-Num Ltd.
Institutional Innovators USAA
Institutional Innovators West Loop Ventures
Institutional Innovators Zenmonics
Investing in Millennials Aspiration
Investing in Millennials CNote
Investing in Millennials Looma
Investing in Millennials SprinkleBit
Investing in Millennials Stash Invest
Investing in Millennials Tripcents, Inc.
Leveling the Playing Field AtomInvest
Leveling the Playing Field DIY.FUND
Leveling the Playing Field ETNA
Leveling the Playing Field gradement
Leveling the Playing Field

Leveling the Playing Field

Halo Investing

HedgeSPA

Leveling the Playing Field KloudTrader
Leveling the Playing Field Quantiacs
Leveling the Playing Field Seedrs
Leveling the Playing Field Stockpile
Leveling the Playing Field StockTwits, Inc.
Leveling the Playing Field Swell Investing
Leveling the Playing Field UpperRoom Technology
Solving Problems Through Payments AfterBanks
Solving Problems Through Payments Apruve
Solving Problems Through Payments Contract Simply
Solving Problems Through Payments dLocal
Solving Problems Through Payments fispan
Solving Problems Through Payments Goldmoney
Solving Problems Through Payments Green Dot
Solving Problems Through Payments Karmic Labs, Inc.
Solving Problems Through Payments One, Inc.
Solving Problems Through Payments Paykii
Solving Problems Through Payments TransferMate Global Payments
Solving Problems Through Payments Volante Technologies
Solving Problems Through Payments WorldFirst
Solving Problems Through Payments WorldRemit
Solving Problems Through Payments Zeek

Media Information:

Spencer White

[email protected] (for media email inquiries please put “MEDIA” at the beginning of the subject line)

313-636-6377

 

This article was originally published on Benzinga by Spencer White, Event Content Producer at Benzinga Events.

For Karmic Labs, Improving Cash Flow Starts With Improving Workflow

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Karmic Labs.

What does your company do? What unique problem does it solve?

Every year, businesses lose countless hours to the process of expense management, costing as much as $2,000 per employee in lost productivity. Karmic is dedicated to solving problems Through payments by blending traditional corporate cards and modern applications to improve cash flow management and simplify the expense reconciliation process.

With reliable solutions that power straightforward, state-of-the-art financial applications, we deliver convenience, easy enrollment, instant payment records, and superior expense management capabilities through real-time mobile experiences. A “Powered by Karmic” solution gives businesses the power to save time and money.

Who are your customers?

Karmic has unique product offerings to support businesses of all sizes and stages of development. Our flagship product, dash, provides small-to-midsize companies with simple and flexible payments and expense management tools at no cost.

For companies in need of something uniquely tailored to their brand, or an even higher degree of control, Karmic also offers co-branded cards and fully customized card programs for larger enterprises. Marquee applications of Karmic’s white-labeled enterprise solutions include programs for the business customers of financial institutions, and a custom offering for the Pro customers of a major home improvement retailer.

How long have you been in business?

Karmic is presently in its fifth year of operations.

Where are you located?

Karmic is headquartered in San Francisco, California. We also have an office in Toronto, Ontario, a significant presence in Austin, Texas, and remote employees in several parts of the U.S. The willingness and flexibility to hire the best talent, regardless of their physical location, is one of our greatest strengths.

Who is your company’s leadership? What kind of experience do they have?

Karmic boasts the deep domain expertise required to fuel a high growth company. Our Senior Leadership Team includes members who have come to us from tech leaders like Netscape, Google [Alphabet Inc. GOOG 1.23% GOOGL 1.25%], and Dropbox, as well as financial industry experts from Mastercard, American Express Company AXP 0.86%, Citibank Inc. C 1.04%, and FIS. Please visit the “About” page on our website for Executive Bios.

Who are your investors, if any?

We are fortunate to have the opportunity to work with experienced entrepreneurs and investors. Presently, we benefit from investment and advice of several institutional investment firms, including Alsop Louie Partners, Arbor Ventures, Greycroft, Marketplace Funds, and Startup Capital Ventures. Please visit the “About” page on our website for a complete list.

Is there anything else Benzinga should know about your company?

Karmic is pleased to have the opportunity to vie for the distinguished “Solving Problems Through Payments” award, and we are proud to take our place among your distinguished nominees.

To meet with the minds behind companies like Karmic Labs and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

You can grab your tickets here!

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

As Big Data Takes Over Wall Street, Elsen Looks To Deliver Quant Insights Faster


The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.

In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Elsen.

What does your company do? What unique problem does it solve?

Zac Sheffer, CEO & Founder: As massive amounts of data becomes more accessible, financial firms are aggressively moving ahead with using it to define investment strategies. Quantitative hedge funds are just one great example — they’re now responsible for 27 percent of all U.S. stock trades by investors, up from 14 percent in 2013, and are set to surpass $1 trillion under management this year. Most firms agree that data is their most valuable strategic asset, but admit that they’re having trouble deriving value from it. This is what drives Elsen’s success; it democratizes data for anyone in finance.

Elsen provides technology that allows large financial institutions to quickly build and deploy web-based applications that make it easy for anyone to harness, understand and make quick decisions with vast quantities of financial data. It allows any financial professional – including people in investment, research and analytics roles — to transform the way they work by letting them use data to guide investment decisions without having to rely on teams of expert programers.

Who are your customers?

Sheffer: We work mostly with large financial institutions. Some of them use our technology, the Elsen nPlatform, to build applications for their own employees, while others use it to develop products that they can sell commercially. The most notable impact of our technology to date is through a partnership with Thomson Reuters, which falls into the latter category. Thomson Reuters QA Point Powered by Elsen is a web-based application for backtesting systematic investment models that allows professional investors to introduce cutting edge quantitative research and analytics to fund management. This type of analysis would traditionally take hours or days of work with expert programmers. But with QA Point Powered by Elsen, it’s something that any professional investor can accomplish in minutes.

QA Point became available to Thomson Reuters clients in North America in April 2017 and was rolled-out worldwide throughout the rest of the year – months ahead of schedule based on early business results and outstanding customer feedback. We heard things like, “It’s so fast and easy even my mother could drive this.”

How long have you been in business?

Sheffer: I founded Elsen in 2014 with a couple friends from Northeastern University. We began developing the idea at the school’s student-run venture accelerator, IDEA, after I did a stint at one of the world’s largest investment banks and saw just how outdated the industry-standard technology was. It was shocking to see that the technology we were using in school was often more advanced than what these industry-leading companies were using, so we seized the opportunity to do something about it.

Where are you located?

Sheffer: We’re based in Boston, and the city’s strong heritage in both finance and technology was a great asset to getting Elsen off the ground. One of the most important relationships we developed was with a nonprofit called the FinTech Sandbox. It’s an organization that was founded by leaders in the local financial services and venture capital community to promote financial technology innovation by providing free-access to critical data and resources. In 2015, Elsen was selected as a member of the inaugural class of FinTech Sandbox, which helped open a number of other doors, including our relationship with Thomson Reuters.

Who is your company’s leadership? What kind of experience do they have?

Sheffer: I’m a mechanical engineer by training, but I got the finance bug early on. And after working at an investment bank for a while, I knew it was for me. Bringing my love of technology and finance together is the perfect combination. One of my other co-founders, Ryan Johnson, led user interface and user experience design for both early-stage startups and large international companies. His experience has been key to our overall mission because he’s been able to help put an intuitive interface on top of our sophisticated technology so anyone can use it. To fill-in our team, we’ve brought other experienced executives on board like Jim Comstock, who’s been at Dell/EMC, NetApp and Sun Microsystems, and Jane Hood, who’s been CMO at a several fintech startups after working at MasterCard and American Express for a number of years.

We also have some great investors guiding us too, like Jack Klinck who became chairman of our board after leading a recent investment. Jack previously founded State Street Global Exchange and was CEO of BNY Mellon’s European operations.

Who are your investors, if any?

Sheffer: We’re backed by a combination of venture capital and hand-picked angel investors from the startup and financial community including Accomplice, Boston Syndicates (BOSS), Hyperplane Venture Capital, Launch Capital, Sequoia Strategic Advisors, and Bret Siarkowski.

Is there anything else Benzinga should know about your company?

Sheffer: Elsen’s platform-as-a-service, called nPlatform, is fundamentally different than anything on the market. Creating custom applications that allow investment, research and analytics professionals to quickly and easily work with massive amounts of data currently requires expensive infrastructure, teams of professionals to manage it, and extended periods of time to build applications on top of it. Financial institutions are still left with tools that require expert users and hours or days to analyze data.

With Elsen nPlatform, institutions can quickly build and deploy intuitive, point-and-click applications that anyone can use to enhance and transform traditional investment workflows, strategies and results. And they can do it without the investment and ongoing maintenance of expensive infrastructure, or the expertise required to cleanse and manage data.

With major validation of our technology through the Thomson Reuters partnership, a fresh round of funding and an experience team behind us, Elsen’s in a great position to help financial institutions get fantastic insights from vast amounts of data.

You can grab your tickets here!

To meet with the minds behind companies like Elsen and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

With Its Global Network Of Customers, Vayana Network Looks To Simplify Supply Chain Finance For Businesses Of All Sizes


The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.
In preparation for its biggest installment yet this May, we’re profiling the companies competing
for the BZ Awards. In this feature we focus in on Vayana Network

What does your company do? What unique problem does it solve?

Vinod Parmar, Global Head of Sales & Marketing: One of the major challenges faced by businesses today is inadequate access to working capital. Traditional trade financing is not only expensive but hugely paper and time intensive. Vayana Network enables Enterprises and their Supply chains easy, digital and quick access to Short Term Trade Finance (STTF), at lower than market rates. Banks and traditional lenders focus only on large corporates and the top-tier of the Supply Chain network. Vayana Network digitally connects Buyers and Sellers for seamless exchange of documents and acceptances, thus allowing automated financing of the trade. Enterprises on our Network see minimal documentation, no changes to processes and no investment in technology. Enterprises are onboarded in a matter of minutes and get access to funds with automated reconciliation from payment to invoice.

Who are your customers?

Parmar: Corporates and SMEs

How long have you been in business?

Parmar: 7 years

Where are you located?

Parmar: We are headquartered in Pune, India, with offices in the US and Singapore. Enterprises on our Network are spread across 11 countries

Who is your company’s leadership? What kind of experience do they have?

Parmar: The company was founded by RN Iyer, a serial entrepreneur, who is the CEO of the company. He founded Vayana with a vision to make a positive impact on the economy by democratizing the access to low-cost financing to every enterprise. He was also the co-founder and CEO of CashTech Solutions, a leading Cash Management vendor in Asia, which was acquired by Nasdaq listed Fundtech. Iyer has previously worked with Accenture. He is a management graduate from Indian Institute of Management, Ahmedabad and an Engineer from Mumbai University.

Who are your investors, if any?

Parmar: IDG Ventures, Jungle Ventures and other institutional investors.

Is there anything else Benzinga should know about your company?

Parmar: Vayana Network has till date enabled USD 800+ million in financing and today covers over 15 different industries, from Manufacturing to Ecommerce. Our Network is present in 11 countries, and is active in 25 states in India and 12 states in the United States. We are PCI DSS and ISO 27001:2013 compliant. We are the winners of the PYMNTS GOLD award for Credit Innovation given by PYMNTS.com 2015, USA.

In India, Vayana Network also offers end-to-end services to Corporates and SMEs to meet their Goods and Services Tax (GST) and E-Way bill compliance needs and is one of the Government authorized GST Suvidha Providers (GSP) in the country. Vayana GSP serves over 500 large corporates and some of the largest financial institutions/banks, in addition to other third-party Application Service Providers (ASPs) that have over 150,000 SMEs routing their API traffic through us.

To meet with the minds behind companies like Vayana Network and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

You can grab your tickets here!

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

When Uber And Airbnb Employees Need Financial Planning, SecFi Is The Company They Turn To

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.
In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on SecFi.

What does your company do? What unique problem does it solve?

SecFi is the financial advisor “for Silicon Valley” before they are wealthy. We offer:

  • option exercise tax planning for employees (AMT, income, federal, state)
  • option exercise loans
  • private shareholder loans (founders or shareholders)

We help employees understand what they have and help them get the financing for exercising.

Who are your customers?

Our customers are employees, shareholders and founders of late-stage private companies such as Uber, Pinterest, Lyft, Airbnb, etc.

How long have you been in business?

For just over one year now.

Where are you located?

Our main office is in San Francisco but a substantial portion of our technology is developed where I am from, Amsterdam (The Netherlands).

Who is your company’s leadership? What kind of experience do they have?

Wouter Witvoet, Founder and CEO, SecFi – Wouter is the Founder and CEO of SecFi, which he founded after being frustrated with the process of exercising his options in his former role at a private company. He’s an experienced advisor with over $100M in institutional transactions to date. Before SecFi, he was the Chief of Staff and Head of Asia at Karhoo, responsible for much of its fundraising and managing a team of 30 people.

Frederik Mijnhardt, COO, SecFi – Frederik has over a decade of experience in corporate strategy, private equity, corporate development and M&A advising on projects and transactions ranging from $25MM to $2500MM. Frederik has worked at SecFi, Karhoo and Accenture Corporate Strategy arm, boutique advisory firms and several startups.

Who are your investors, if any?

Social Leverage led our seed round of $1M. FJ Labs and CoVenture also invested.

To meet with the minds behind companies like SecFi and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

You can grab your tickets here!

This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.

Envestnet Aims To Deliver Better Intelligence So Wealth Managers Can Deliver Better Results

 

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology. This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more.
In preparation for its biggest installment yet this May, we’re profiling the companies competing for the BZ Awards. In this feature we focus in on Envestnet.

What does your company do? What unique problem does it solve?

Karen Lanzetta, Managing Director: Financial Wellness Network that connects enterprises, advisors, service providers and clients, and enables better financial outcomes through better intelligence.

  • Market-leading wealth management platform in large and growing $18 trillion advisor marketplace
  • Delivering the next-generation data and advice-centric platform, leveraging Yodlee’s leading data aggregation and analytics capabilities
  • Integrated technology for all mission-critical advisor applications, including secure, seamless connectivity to third parties

Envestnet is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. More than 2,900 companies, including 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest registered investment advisers (“RIA”), and hundreds of Internet services companies, leverage Envestnet technology and services.  Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

Who are your customers?

Lanzetta: More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies.

How long have you been in business?

Lanzetta: Founded in 1999

Where are you located?

Lanzetta: Chicago (headquarters), Bangalore, India, Boston, Brisbane, Australia, Dallas, Denver, Landis (NC), London, New York, Philadelphia, Raleigh, Redwood Shores (CA), Seattle, San Jose (CA), Toronto, Tucson, and Trivandrum, India

Who is your company’s leadership? What kind of experience do they have?

Jud Bergman is the chairman and CEO of Envestnet, Inc., a leading provider of integrated systems for wealth management and financial wellness. He founded the firm in 1999 and has served as Chief Executive since, focusing on guiding the company’s strategy and overseeing its organizational and business development. The company now empowers over 59,000 advisors, supports over $1 trillion in advised assets and is the leading provider of data aggregation and analytics supporting over 20 million end users. Prior to Envestnet, Jud was the Managing Director for Mutual Funds at Nuveen Investments (“the Firm”), where he was responsible for the profitable growth of the Firm’s mutual fund business and also served on the Firm’s Investment Management Committee. Earlier, Jud directed Nuveen’s product and corporate development activity where he helped build the Firm’s closed-end fund business, led the development and growth of the company’s separately managed accounts business and helped guide the Firm’s expansion into asset classes beyond municipal investments. Jud received his BA in English from Wheaton College and his MBA from Columbia University, with a concentration in finance and accounting.

Bill Crager is the President of Envestnet which he co-founded in 1999. Crager has led Envestnet’s platform, product and marketing strategy as well as the company’s relationship engagements. Along with Envestnet Chairman and CEO Jud Bergman, he has been a driving force behind a firm that has in just 16 years become the leading managed solutions service provider in terms of total platform assets and financial advisors served.  Crager and the team at Envestnet were first in the managed solutions industry to think more globally about how to streamline an independent advisor’s practice by putting a broad range of fee-based products side by side in an easily accessed open-architecture portal. The Managed Money Institute named Crager the 2015 Industry Pioneer, the organization’s highest honor. Before joining Envestnet, Crager served as a Managing Director at Rittenhouse Financial Services. There, he developed a widely recognized initiative that integrated value-added investor communications with a technology-driven client service platform. Crager is a graduate of Fairfield University where he dual majored in Economics and English; he currently serves on Fairfield University’s Board of Trustees.

Anil Arora is the Chief Executive of Envestnet | Yodlee and Vice Chairman of the Envestnet Board. Prior to the merger with Envestnet, Anil had been President and CEO of Yodlee since 2000. Under his leadership, Yodlee has been a disruptive catalyst for creativity and ingenuity in the financial industry by collaborating with leading financial institutions, entrepreneurs, and fintech developers to build and distribute data-driven financial apps used by millions of consumers and small businesses all over the world. Today, Anil is helping Envestnet | Yodlee lead the charge for better outcomes for both customers and advisors through innovative financial data and technology solutions. Anil has extensive experience building some of the world’s most recognized brands at companies like General Mills Inc. GIS 1.56%, Kraft Heinz Co KHC 1.88%, and Gateway, as well as innovating new market strategies, and increasing the lifetime customer value for companies in a variety of industries. In addition, he holds a master of business administration from University of Michigan and a bachelor of science from Rockford College.

Who are your investors, if any?

Lanzetta: ENV is a public company.  Institutional investors own 93 percent of ENV’s shares.  Directors and management own 3 percent.  Employees and other retail fill out the remaining 4 percent.

To meet with the minds behind companies like Envestnet and others testing the cutting edge of fintech, grab a ticket to the Benzinga Global Fintech Awards May 15-16 in New York.

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This article was originally published on Benzinga by Chris Dier-Scalise, Benzinga Staff Writer.