Fundica Archives - Finovate

Finovate Global: Showcasing International Alums at FinovateFall

By David Penn Posted on September 1, 2023
Categories: Connect Earth, Engage People, eSelf.AI, Finovate Global, FinovateFall 2023, FinTech Insights by Scientia, Flybits, Fundica, Jaid, LemonadeLXP, MacroMicro, NayaOne, SESAMm, Zero Bank Design Factory

FinovateFall is right around the corner (September 11 through September 13). If you still haven’t registered for our annual autumn fintech conference in New York this month, there’s no better time than the present. Visit our FinovateFall 2023 hub today and save your spot.

This week’s edition of Finovate Global highlights companies headquartered outside of the U.S. that will be demoing their latest innovations on the Finovate stage in just a few days. Get to know them here, then join them in New York live and in person for FinovateFall!

Connect Earth

Founded in 2021 and headquartered in the United Kingdom, Connect Earth enables financial institutions to offer their retail and SME customers insights into the environmental impact of their spending. LinkedIn.

Engage People

Headquartered in Toronto, Ontario, Canada, Engage People is a loyalty network that enables program members to pay with points directly at checkout. The company was founded in 2015. LinkedIn. X (Twitter).

eSelf

eSelf is building the next generation of client-financial institution interaction, enabling human-like conversations and efficient personalization. Founded in 2022, eSelf is headquartered in Israel.

FinTech Insights

Fintech Insights offers a comprehensive digital banking research platform. The company’s technology helps FIs build strategies and launch new features faster. Headquartered in London, the company was founded in 2010. LinkedIn. X (Twitter).

Flybits

Founded in 2013, Flybits enables FIs to deliver personalized digital banking experiences across mobile, web, and the Metaverse. The company is headquartered in Toronto, Ontario, Canada. LinkedIn. X (Twitter).

Fundica

Headquartered in Montreal, Quebec, Canada, Fundica is a government funding platform used by some of the largest FIs in North America to acquire and retain clients at scale. Fundica was founded in 2017. LinkedIn. X (Twitter).

Jaid

Jaid is an AI-powered platform build to enable the intelligent automation of business communications. Founded in 2018, Jaid is based in London, U.K. LinkedIn. X (Twitter).

LemonadeLXP

Headquartered in Ottawa, Ontario, Canada, LemonadeLXP is a digital growth platform that helps FIs and fintechs create effective training and support tools to maximize their investment in their technology. The company was founded in 2019. LinkedIn. X (Twitter).

MacroMicro

Founded in 2016 and headquartered in Taipei, Taiwan, MacroMicro empowers over three million investors worldwide to make personalized investment decisions through dynamic and insightful charts. X (Twitter).

NayaOne

NayaOne gives banks a single point of access to hundreds of fintechs, digital sandboxes, fintech-as-a-service offerings, and datasets. Headquartered in London, U.K., NayaOne was founded in 2019. LinkedIn.

SESAMm

Headquartered in Metz, France, and founded in 2014, SESAMm is an AI insight and ESG risk detection specialist serving the financial services industry. LinkedIn. X (Twitter).

Zero Bank Design Factory

Zero Bank Design Factory is developing and operating a banking system for Japan’s first digital bank, Minna Bank. Founded in 2019, the company is headquartered in Fukuoka, Japan. X (Twitter).

Here is our look at fintech innovation around the world.

Central and Southern Asia

India-based PhonePe Wealth Broking, a subsidiary of mobile payments app PhonePe, launched a stock broking app, Share.Market.
Pakistan’s Daily Times featured a look at the future of fintechs in the country.
A new report from Elevation Capital and McKinsey India indicated that India’s fintech ecosystem could reach $70 billion in annual revenue by fiscal year 2030.

Latin America and the Caribbean

Google announced an integration with Nu’s Moradita Credit cards that will expand the reach of Google Wallet to Colombia.
Latin American card provider Clara launched cross-border transactions.
Mexican fintech Klar secured a $100 million credit line to help expand its business in the country.

Asia-Pacific

Vietnam-based fintech MFast secured $6 million in Series A funding in a round led by Wavemaker Partners.
Singaporean payment system provider Qashier raised $10 million in Series A funding.
Alipay+ announced an expansion into South Korea as part of a collaboration with Korea Easy Payment Foundation, operator of e-wallet ZeroPay.

Sub-Saharan Africa

South Africa’s TymeBank announced an integration of the country’s payment system, PayShap.
Uganda-based fintech Asaak acquired Mexican startup, FlexClub.
Moniepoint secured green light to acquire Kenyan payments company Kopo Kopo.

Central and Eastern Europe

Contract automation platform PandaDoc acquired Berlin-based fintech Denario.
Lithuanian regtech iDenfy announced a partnership with furniture rental platform Everset.
German instant bank payments company Ivy raised $20 million in Series A funding.

Middle East and Northern Africa

Islamic banking solutions provider aiBANK teamed up with Visa to provide e-payment services in Egypt.
Dubai-based financial wellness platform MALY secured $1.6 billion in pre-seed funding.
Egyptian fintech HEDG announced a “six-figure” pre-seed funding round from undisclosed Egyptian and Saudi Arabian investors.

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FinovateFall 2023 Sneak Peek: Fundica

By Madeline Clines Posted on August 17, 2023
Categories: FinovateFall 2023, FinovateFall 2023 Sneak Peek, Fundica

A look at the companies demoing at FinovateFall in New York on September 11 and 12. Register today and save your spot.

Fundica’s funding search engine serves as a business client acquisition and retention tool for FIs and other business-support organizations by enabling them to truly democratize access to funding.

Features

Effortlessly generate new business leads and retain clients
Gather business firmographics and funding needs
Organically promote diversity, equity, and inclusion

Why it’s great

Fundica’s funding search engine makes business-support organizations a more complete, one-stop funding destination for SMBs by effortlessly extending their service offering at scale.

Presenter

Mike Lee, CEO & Co-Founder
Lee has held leadership roles in technology organizations, secured over $350M in government funding, and holds Engineering, MBA, and CFA designations.
LinkedIn

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Finovate Global: Showcasing International Alums at FinovateSpring

By David Penn Posted on May 19, 2023
Categories: 9Spokes, Finovate Global, FinTech Insights by Scientia, FINTEQ & Smart Faktor, Flybits, Fundica, Horizn, Hyperswitch, Kani Payments, Lucinity, Nubank, PayTic, SESAMm

With FinovateSpring only days away (May 23 through May 25), this week’s edition of Finovate Global will showcase those innovators demoing at the event that are headquartered outside the United States.

There’s still time to register and join us in San Francisco, California for our annual Spring fintech conference. Visit our FinovateSpring 2023 hub today and get your ticket today!

9Spokes

Founded in 2012 and headquartered in New Zealand, 9Spokes unlocks open banking and data, giving financial institutions a powerful set of tools to engage SMB customers. LinkedIn.

FinTech Insights by Scientia

Founded in 2016 and headquartered in London, U.K., FinTech Insights by Scientia offers a competitive analysis tool for banks and fintechs to help them create compelling digital banking experiences. LinkedIn.

FINTEQ

Founded in 2017 and headquartered in Poland, FINTEQ removes credit risk from the supply chain, giving suppliers a healthy and sustainable trade finance alternative. LinkedIn.

Flybits

Founded in 2013 and headquartered in Toronto, Canada, Flybits offers a personalization platform that enables financial institutions to deliver best-in-class personalized digital banking experiences. LinkedIn.

Fundica

Founded in 2017 and headquartered in Montreal, Canada, Fundica is a government funding platform used by some of the largest financial institutions in North America to acquire clients at scale. LinkedIn.

Horizn

Founded in 2012 and headquartered in Toronto, Canada, Horizn helps financial institutions maximize the impact of digital and accelerate returns on digital investments with customers and employees. LinkedIn.

HyperSwitch

Founded in 2022 and headquartered in India, HyperSwitch is an open source payments switch designed to make payments fast, reliable, and affordable. LinkedIn.

Kani

Founded in 2018 and headquartered in Newcastle, U.K., Kani offers end-to-end reconciliation and reporting, automating the back office for payments companies and fintechs, and ensuring accuracy and compliance. LinkedIn.

Lucinity

Founded in 2018 and headquartered in Reykjavik, Iceland, Lucinity combats financial crime with innovative GenAI technology for smarter and faster FinCrime compliance. LinkedIn.

PayTic

Founded in 2020 and headquartered in Charlottetown, Canada, PayTic is a SaaS platform that automates and manages all key aspects of program management: network fees, reconciliation, reporting, and fraud. LinkedIn.

SESAMm

Founded in 2014 and headquartered in Metz, France, SESAMm specializes in big data and artificial intelligence, providing analytics from more than 20 billion articles and messages using NLP. LinkedIn.

Here is our look at fintech innovation around the world.

Central and Eastern Europe

Austrian cryptocurrency company Bitpanda announced a $10 million investment in AI.
Germany-based insurtech Wefox received a $55 million credit facility from JP Morgan and Barclays.
Veriff, an identity verification provider based in Estonia, teamed up with payout technology firm MassPay.

Middle East and Northern Africa

Emirates NBD opened its Digital Assset Lab this week.
Egypt-based fintech Axis launched its digital payments platform for the North African market.
Paymob secured certification as a Payment Technical Services Provider (PTSP) in the Kingdom of Saudi Arabia.

Central and Southern Asia

India-based branchless banking network PayNearby launched meta commerce platform, PayNearby Mall.
Pakistan’s QistBazaar, which offers Buy Now, Pay Later services, secured an equity investment and embedded finance partnership with Bank Alfalah.
Pakistan announced a ban on cryptocurrencies.

Latin America and the Caribbean

Brazilian fintech Nubank reported record Q1 revenues.
CloudWalk, a payment solutions provider based in Brazil, announced annual recurring revenues (ARR) of more than $100 million.
Chile-based motorcycle financing platform Galgo acquired Columbian fintech Crediorbe.

Asia-Pacific

Vietnamese fintech Momo announced new flexible payment options for customers of Vietnam’s Apple Store Online.
Philippine-based consumer finance app BillEase forged partnerships with Agoda and Alipay+.
South Korean B2B fintech solutions company WebCash announced plans to target the Southeast Asian market.

Sub-Saharan Africa

Standard Chartered’s SC Ventures launched Tawi, a new B2B agritech marketplace for smallholder farmers in Kenya.
Kenya-based asset financing platform M-KOPA secured more than $250 million in new funding to bring digital micropayments to the underbanked.
A consortium of private equity investors led by Infinite Partners has announced an acquisition of South African fintech e4 for $52.5 million.

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FinovateSpring 2023 Sneak Peek: Fundica

By Madeline Clines Posted on April 18, 2023
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Fundica

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Fundica‘s funding search engine serves as a powerful business client acquisition tool for FIs and other business-support organizations by enabling them to truly democratize access to funding.

Features

Effortlessly generate new business leads and retain clients with a complementary funding search engine
Gather firmographics and funding needs
Automatically promote diversity, equity, and inclusion

Why it’s great

Fundica’s funding search engine makes business-support organization a more complete one-stop funding destination for SMBs by effortlessly extending their service offering at scale.

Presenter

Mike Lee, CEO & Co-Founder
Lee has held leadership roles in technology organizations, secured over $350M in government funding, and holds Engineering, MBA, and CFA designations.
LinkedIn

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FinovateSpring 2022 Sneak Peek: Fundica

By Heather Stowell Posted on May 5, 2022
Categories: FinovateSpring 2022, FinovateSpring 2022 Sneak Peek, Fundica

A look at the companies demoing at FinovateSpring in San Francisco on May 18 and 19. Register today and save your spot.

The Fundica funding search engine serves as a powerful business client acquisition tool for financial institutions by enabling them to truly democratize access to funding.

Features

Easily generate new business leads and retain clients with a complementary funding search engine
Gather firmographics and funding needs
Automatically promote diversity, equity, and inclusion

Why it’s great

Fundica makes financial intuitions a better and more complete funding destination by effortlessly extending their service offering at scale.

Presenter

Mike Lee, CEO & Co-Founder
Lee is the CEO and Co-Founder of Fundica. He has held leadership roles in technology organizations, secured over $350 million in government funding, and holds Engineering, MBA, and CFA designations.
LinkedIn

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Fundica Teams Up with Digital Commerce Bank to Help Businesses Find Funding

By David Penn Posted on October 26, 2021
Categories: Alumni News, Daily news, Fundica

One month after making its Finovate debut at FinovateFall in New York, AI-powered funding search engine Fundica has partnered with Digital Commerce Bank. The Bank will host Fundica’s online funding search solution on its website for free, making it easier for businesses to search for and secure information on a wide variety of funding sources, including grants, tax credits, government loans, loan guarantees, and accelerators and incubators.

Users of the search engine can personalize results quickly and choose from among 35+ different search criteria. The solution is updated in real time, helping ensure that companies and business owners have access to the most up-to-date, accurate information on funding opportunities that are relevant to them.

“Digital Commerce Bank is proud to offer Fundica’s funding search technology as part of our commitment to support and promote business in Canada,” Digital Commerce Bank President and CEO Jeffrey Smith said. A privately held, Schedule 1 Canadian chartered bank headquartered in Calgary, Alberta, Digital Commerce Bank offers payment and banking experiences, as well as card services, digital wallets, and loan origination and management tools.

The institution is regulated by OSFI (the Office of the Superintendent of Financial Institutions of Canada), is a member of Payments Canada, and is a principle member of Interac, Visa, and Mastercard. Digital Commerce Bank changed its name from DirectCash Bank in November of last year in a move Smith said would allow the institution to “unify (its) branding, technology, and offering. The firm reported total assets of $94 million (C$117 million) this summer.

“We are delighted to partner with an innovative group like DCBank who shares our mutual commitment to make finding and applying for funding easier for entrepreneurs across Canada,” Fundica President and co-founder Mike Lee said.

Founded in 2017 and headquartered in Montreal, Quebec, Fundica leverages machine learning, crowdsourcing, web crawlers, and its own data science team to offer business owners and entrepreneurs dynamic, relevant funding data. In addition to Fundica’s funding search engine for businesses, the company’s white label and API-based solutions enhance the ability of its partners to help its customers better navigate the funding landscape. Companies have successfully leveraged Fundica’s technology to drive traffic to their websites and capture leads in search of funding, better engage customers with a “one-stop-shop” for current and relevant funding information, as well as generate data-driven insights.

In addition to its online white label service, Fundica also offers two other licensed services: AdvisorPro and Automated Funding Alerts. AdvisorPro is designed for financial advisors to use the Fundica database directly to better serve their clients. Automated Funding Alerts service sends funding opportunities to a mailing list of businesses provided by the subscribing firm. For its role in playing “matchmaker” between businesses and funding entities, Fundica has earned the nickname “the eHarmony of the funding world.”

“Fundica is the most useful tool entrepreneurs can use when it comes to funding,” former, eight-year Intuit Canada President and CEO Jeff Cates said. “Having their white-label solution on our website increased signups to Intuit’s products tremendously.”

An award-winning innovator that has earned recognition from the Claudine and Stephen Bronfman Family Foundation, Startup Canada, and CFO Canada, Fundica also organizes and runs the Fundica Roadshow. The annual event is held in cities across both Canada and the U.S., and is geared toward helping business owners understand the range of funding opportunities available to them, as well as help make connections between entrepreneurs seeking funding and the funding sources themselves.

Photo by Andre Furtado from Pexels

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FinovateFall 2021 Sneak Peek: Fundica

By oliver Posted on September 2, 2021
Categories: Finovate, FinovateFall 2021, FinovateFall 2021 Sneak Peek, Fundica

A look at the companies demoing at FinovateFall on September 13-15, 2021. Register today and save your spot.

Fundica’s award-winning, AI-powered, funding search engine helps financial institutions elevate their small business advisory services and acquire valuable insights on their prospects and clients.

Features

Retain and engage customers with a licensed funding search engine
Generate a regular flow of new business leads
Help your small business customers prosper

Why it’s great
Fundica will make you a better and more complete funding advisor by effortlessly extending your service offering at scale.

Presenter

Mike Lee, CEO and Co-Founder
Lee has held leadership roles in technology organizations, secured over $300 million in government funding, and holds Engineering, MBA and CFA designations.
LinkedIn

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