Last year’s FinovateFall conference brought together attendees, fintechs, and bank representatives from across the world.
On the second day of the event, 63 companies took the stage to showcase their newest solutions. Of that group, six fintechs brought home Best of Show honors for the work they showcased on stage.
With FinovateFall coming up September 9 through 11, we wanted to look at how last year's Best of Show winners have grown and influenced their markets. Here's a look at...
- Spreedly is launching a standalone payment vault, enabling merchants to securely store and manage payment credentials without adopting the company's full payments orchestration platform.
- The portable vault supports more than 100 payment providers, giving merchants greater flexibility to switch processors, build their own routing logic, and expand payment capabilities without migrating stored credentials.
- By unbundling its vault, Spreedly is challenging the traditional processor...
- Identity verification and risk intelligence firm Socure launched its Remote Verifier solution this week.
- Available within the company's RiskOS platform, Remote Verifier supports human agents when verifying identities for the small percentage of the population that cannot be accurately verified using traditional methods.
- Socure most recently demoed its technology at FinovateFall 2017. Johnny Ayers is Founder and CEO.
Trust infrastructure provider for global identity and risk...
Stripe has teamed up with private equity firm Advent International to acquire PayPal. Stripe and Advent are offering $60.50 per share in a deal that would value the payments firm at more than $53 billion. The acquisition would give Stripe and Advent each a 50% stake in the company and the offer, which is currently under consideration by the PayPal board, is supported by $50 billion in committed bank financing.
The acquisition would be a major development in e-commerce and payments,...
- Business banking platform Flex raised $70 million in a Series B1 round to expand its business finance, payments, private credit, and ERP offerings while doubling its workforce.
- The company also launched Flex Global, a cross-border banking service that combines multi-currency accounts, global payments, and stablecoin infrastructure to enable faster international money movement.
- With Flex Global, Flex is positioning itself to compete more directly with Brex and Ramp by offering...
