Continuing from our blog series featuring Canada’s brightest Fintech startups, we’d like to introduce you to 2015 Notable Award winner for “Canada’s Best Online Business,” RentMoola. As one of BC’s leading fintech companies, RentMoola is a global payment network that rewards people for paying rent and condo fees. Cofounded by twin brothers, Patrick and Philipp Postrehovsky, RentMoola recently raised $5 million to help support expansion efforts in the U.S. and U.K. RentMoola’s fundraising marks the largest equity crowdfunding round in Canadian history. Currently stocked with a talented crew of 26 employees (plus “Prince,” their adorable, yet ferocious Corgi security dog who growls like a big bad Doberman), RentMoola is centrally located in downtown Vancouver. So how does RentMoola work? RentMoola wants to help you eliminate the rent check and start paying your rent anywhere, anytime. Just by signing up, you’ll instantly gain access to hundreds of exclusive “Moolaperks”. Fast Sign Up: Create your tenant profile effortlessly in minutes. No commitments, no surprises, no sign up fees. Pay Your Way: Choose a payment method that suits you. We accept any credit card, MasterCard/Visa debit, and eCheque. Flexibility: Set up recurring or one-time payments and split rent with your roommates, too. 100% Guarantee: We fully guarantee that your rent is paid on-time to your property manager or landlord. MoolaPerks: Access exclusive deals and earn extra points with your favorite rewards credit card. Giveaways: Enter for chances to win free rent, prepaid gift cards, and trips around the world. Patrick (left) and Philipp Postrehovsky (right), founders of RentMoola, a global payment network that rewards people for paying rent and condo fees. We had a chance to sit down with one of the Postrehovsky brothers, Philipp, to get his thoughts on the future of payment, and how RentMoola fits into the ecosystem. Trulioo: Is Vancouver a good city for Fintech? Why or Why not? Philipp: I think Vancouver is a great place for a fintech company to flourish! Firstly, there is a highly supportive tech community and world class talent to help execute your vision. Also, in recent years, Vancouver has seen more and more tech darlings including EA, Vision Critical, POF, Slack, Global Relay, Recon etc. This trend continues to allow access to capital a little easier. Lastly the city just got voted as the best city in North America. How can you go wrong? Trulioo: What’s Next for RentMoola? Philipp: We’re always working on new features to take things to the next level. One of those is RM Everywhere which will allow tenants to make rewarding payments even if their property manager or landlord is not signed up. We’ll also be launching in Ireland later this year. With one of our brand colours being green, we should fit right in! Trulioo: Where do you think Fintech will be in the next five years? Philipp: Five years can feel like a lifetime in tech especially fintech. In the next 5 years I see large FIs continuing to collaborate and acquiring agile fintech companies to remain competitive and relevant. I also see the phone becoming a mainstream payment device making the traditional wallet redundant. This will help drive the eventual elimination of physical currency around the world. Finally, it’s the Canadian government’s mandate to eliminate cheques by 2020. With companies like ours aligning with that mandate, I predict rent cheques at least will be well on their way to becoming history. If there’s a fintech company you’d like to see featured in our Fintechs in Canada blog series, please submit your request to [email protected]. After perusing the latest innovations at FinovateEurope, the premier demo-based financial technology (fintech) conference in London, Trulioo attended an awards ceremony hosted by KPMG and H2 Ventures where the team was presented with the Top 10 Emerging Global Fintech Startups Award. The Top 10 list designates the most promising emerging innovators amongst the Fintech 100 list, which includes the world’s leading and most intriguing companies to watch in the fintech sector. KPMG describes the ‘Emerging Stars’ as exciting new fintech companies with bold, disruptive, and potentially game-changing ideas. Companies in the Top 10 include (in alphabetical order): Avoka, Bankable, BioCatch, COLU, ebankIT, Elliptic, Personetics, Qumram AG, SlimPay and Trulioo. “This prestigious honor validates Trulioo’s mission in advancing market proven technologies that remove compliance barriers to innovation,” said Jon Jones, President at Trulioo. “The emergence of RegTech exemplifies the role that agile compliance centric solutions such as Trulioo’s GlobalGateway will undoubtedly play both now and in the future.” Working with some of the top players in payments, finance, and eCommerce, Trulioo’s global identity verification API helps businesses expand into new markets safer, faster, and easier than ever before. By automating identity verification at scale with seamless integration, Trulioo powers fraud and compliance systems for international businesses helping save time, reduce operational costs, and facilitate a more transparent online verification process. “In an industry that will soon be irrevocably changed by the disruptive effect of innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centers are equally becoming known as centers for fintech innovation: London and New York, and more recently Sydney,” said Toby Heap, H2 Ventures. “This year’s Fintech 100 highlights the truly global nature of fintech innovation, with startups from 20 countries on the list. Many of these companies have an X-factor that captured attention – exciting new fintechs with bold, disruptive and potentially game-changing ideas.” The Fintech 100 report is a collaborative effort between H2 Ventures and KPMG, offering an in-depth look into the most exciting global companies that are taking advantage of technology to revolutionize the financial services industry. The report identifies payments as being the part of the fintech sector most at risk of digital disruption and we also note the rapid emergence of insurance fintech. It is also positive to see the development of the fintech ‘enablers’, which are seeking to provide services and capabilities to financial institutions. This needs to form a core part of how incumbent’s seek to respond to the threats and opportunities that come from disruption. The report stated that funding for fintech businesses is estimated to total $20 billion in 2015, an increase of 66 percent from 2014. Identity verification startup Trulioo, has announced today it has received US$6 million in a Series A financing led by New York based Tenfore Holdings, with participation by BDC Venture Capital and Blumberg Capital. This brings the startup’s funding total to over US$8.3 million. Trulioo provides software that scores Internet identities as authentic, machine generated or fraudulent. The software is targeted for use by websites and mobile applications that support social login. Social login adoption is rapidly growing and a recent study by Gartner, projected ecommerce adoption to hit 50% by 2015 due in large part to the ease of use within mobile apps. Trulioo’s software called TruDetect, which originally only supported Facebook login, now also covers Google+, LinkedIn, Twitter as well as traditional login using an email address. The software enhances social login by verifying the identity of website or mobile app users without introducing additional friction. Developers can make use of the product through Trulioo’s API with just a few lines of code, or through leading user management platforms like Gigya and Janrain among others. FundRazr, a leading community crowd funding platform and a Trulioo customer, requires users to login using Facebook, LinkedIn or Google. “We initially looked to social login to help us drive new user registrations and optimize campaign visibility. Now in working with Trulioo, social login is also helping us to fight fraud and keep our user community safe,” said FundRazr’s CEO Daryl Hatton. “We are a global platform and we needed a global fraud solution – that had been hard to find previously,” said Hatton. Trulioo recently surpassed over 100 million cyber identities scored, most in North America and Europe. This round of funding will be used to accelerate expansion into developing and emerging markets where traditional identity verification products are largely unavailable. David Blumberg, Managing Partner at Blumberg Capital states, “Trulioo’s software is a unique and effective tool to help make social login safer for users and more valuable for customers globally. We think the company is well positioned to build out the biggest business in the vertical, as it continues to lead the market.” As a pioneer in social verification, Trulioo aims to continue disrupting online identity verification with new technologies such as the recent project announcement Mobilekey, a mobile application designed to replace traditional student ID cards.“We are excited to have this new group of top investors and partners on board, that share our vision and bring the additional domain expertise we need to grow,” said Trulioo’s Founder and CEO Stephen Ufford. “Trulioo created the market for social verification. This additional investment helps ensure we continue to be the leader and top brand to work with in the space by delivering the best product.” Dan Levine of Tenfore Holdings has joined Trulioo’s Board of Directors. TruliooTrulioo provides advanced analytics based on global Internet identity information and user behavior from sources including social login providers, ad networks, mobile applications, e-commerce websites, social networks and customers. Launched in 2011 and based in Vancouver B.C., Trulioo specializes in scoring Internet identities as authentic, machine generated or fraudulent. The Company was recently selected as one of Canada’s top 20 technology startups. www.trulioo.com Blumberg Capital is an early-stage venture firm that works closely with innovative entrepreneurs to build exceptional companies. The team has over a century of relevant experience collaborating with disruptive technology companies in Software, Digital and Social Media, Mobile and Consumer Internet. Blumberg Capital is headquartered in San Francisco with team members located in New York and Israel. Portfolio includes: Hootsuite, Lenddo, Nutanix, Creo to name a few. For additional information, visit www.blumbergcapital.com Tenfore Holdings is an investment management firm that provides operational value-add to growth-stage companies where technology plays a transformative role. The focus is on commerce and Big Data equity/debt investments where operating experience and strategic relationships are applied to enhance value. BDC Venture Capital is the largest early-stage technology investor in Canada, working with promising entrepreneurs and other investors to build outstanding Canadian companies. With more than $1 billion in current and planned investments, their strategic focus is on innovative IT, health and energy/clean technology companies with high growth potential. For additional information, visit www.bdc.ca Posts navigation Previous 1 … 18 19
Continuing from our blog series featuring Canada’s brightest Fintech startups, we’d like to introduce you to 2015 Notable Award winner for “Canada’s Best Online Business,” RentMoola. As one of BC’s leading fintech companies, RentMoola is a global payment network that rewards people for paying rent and condo fees. Cofounded by twin brothers, Patrick and Philipp Postrehovsky, RentMoola recently raised $5 million to help support expansion efforts in the U.S. and U.K. RentMoola’s fundraising marks the largest equity crowdfunding round in Canadian history. Currently stocked with a talented crew of 26 employees (plus “Prince,” their adorable, yet ferocious Corgi security dog who growls like a big bad Doberman), RentMoola is centrally located in downtown Vancouver. So how does RentMoola work? RentMoola wants to help you eliminate the rent check and start paying your rent anywhere, anytime. Just by signing up, you’ll instantly gain access to hundreds of exclusive “Moolaperks”. Fast Sign Up: Create your tenant profile effortlessly in minutes. No commitments, no surprises, no sign up fees. Pay Your Way: Choose a payment method that suits you. We accept any credit card, MasterCard/Visa debit, and eCheque. Flexibility: Set up recurring or one-time payments and split rent with your roommates, too. 100% Guarantee: We fully guarantee that your rent is paid on-time to your property manager or landlord. MoolaPerks: Access exclusive deals and earn extra points with your favorite rewards credit card. Giveaways: Enter for chances to win free rent, prepaid gift cards, and trips around the world. Patrick (left) and Philipp Postrehovsky (right), founders of RentMoola, a global payment network that rewards people for paying rent and condo fees. We had a chance to sit down with one of the Postrehovsky brothers, Philipp, to get his thoughts on the future of payment, and how RentMoola fits into the ecosystem. Trulioo: Is Vancouver a good city for Fintech? Why or Why not? Philipp: I think Vancouver is a great place for a fintech company to flourish! Firstly, there is a highly supportive tech community and world class talent to help execute your vision. Also, in recent years, Vancouver has seen more and more tech darlings including EA, Vision Critical, POF, Slack, Global Relay, Recon etc. This trend continues to allow access to capital a little easier. Lastly the city just got voted as the best city in North America. How can you go wrong? Trulioo: What’s Next for RentMoola? Philipp: We’re always working on new features to take things to the next level. One of those is RM Everywhere which will allow tenants to make rewarding payments even if their property manager or landlord is not signed up. We’ll also be launching in Ireland later this year. With one of our brand colours being green, we should fit right in! Trulioo: Where do you think Fintech will be in the next five years? Philipp: Five years can feel like a lifetime in tech especially fintech. In the next 5 years I see large FIs continuing to collaborate and acquiring agile fintech companies to remain competitive and relevant. I also see the phone becoming a mainstream payment device making the traditional wallet redundant. This will help drive the eventual elimination of physical currency around the world. Finally, it’s the Canadian government’s mandate to eliminate cheques by 2020. With companies like ours aligning with that mandate, I predict rent cheques at least will be well on their way to becoming history. If there’s a fintech company you’d like to see featured in our Fintechs in Canada blog series, please submit your request to [email protected].
After perusing the latest innovations at FinovateEurope, the premier demo-based financial technology (fintech) conference in London, Trulioo attended an awards ceremony hosted by KPMG and H2 Ventures where the team was presented with the Top 10 Emerging Global Fintech Startups Award. The Top 10 list designates the most promising emerging innovators amongst the Fintech 100 list, which includes the world’s leading and most intriguing companies to watch in the fintech sector. KPMG describes the ‘Emerging Stars’ as exciting new fintech companies with bold, disruptive, and potentially game-changing ideas. Companies in the Top 10 include (in alphabetical order): Avoka, Bankable, BioCatch, COLU, ebankIT, Elliptic, Personetics, Qumram AG, SlimPay and Trulioo. “This prestigious honor validates Trulioo’s mission in advancing market proven technologies that remove compliance barriers to innovation,” said Jon Jones, President at Trulioo. “The emergence of RegTech exemplifies the role that agile compliance centric solutions such as Trulioo’s GlobalGateway will undoubtedly play both now and in the future.” Working with some of the top players in payments, finance, and eCommerce, Trulioo’s global identity verification API helps businesses expand into new markets safer, faster, and easier than ever before. By automating identity verification at scale with seamless integration, Trulioo powers fraud and compliance systems for international businesses helping save time, reduce operational costs, and facilitate a more transparent online verification process. “In an industry that will soon be irrevocably changed by the disruptive effect of innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centers are equally becoming known as centers for fintech innovation: London and New York, and more recently Sydney,” said Toby Heap, H2 Ventures. “This year’s Fintech 100 highlights the truly global nature of fintech innovation, with startups from 20 countries on the list. Many of these companies have an X-factor that captured attention – exciting new fintechs with bold, disruptive and potentially game-changing ideas.” The Fintech 100 report is a collaborative effort between H2 Ventures and KPMG, offering an in-depth look into the most exciting global companies that are taking advantage of technology to revolutionize the financial services industry. The report identifies payments as being the part of the fintech sector most at risk of digital disruption and we also note the rapid emergence of insurance fintech. It is also positive to see the development of the fintech ‘enablers’, which are seeking to provide services and capabilities to financial institutions. This needs to form a core part of how incumbent’s seek to respond to the threats and opportunities that come from disruption. The report stated that funding for fintech businesses is estimated to total $20 billion in 2015, an increase of 66 percent from 2014.
Identity verification startup Trulioo, has announced today it has received US$6 million in a Series A financing led by New York based Tenfore Holdings, with participation by BDC Venture Capital and Blumberg Capital. This brings the startup’s funding total to over US$8.3 million. Trulioo provides software that scores Internet identities as authentic, machine generated or fraudulent. The software is targeted for use by websites and mobile applications that support social login. Social login adoption is rapidly growing and a recent study by Gartner, projected ecommerce adoption to hit 50% by 2015 due in large part to the ease of use within mobile apps. Trulioo’s software called TruDetect, which originally only supported Facebook login, now also covers Google+, LinkedIn, Twitter as well as traditional login using an email address. The software enhances social login by verifying the identity of website or mobile app users without introducing additional friction. Developers can make use of the product through Trulioo’s API with just a few lines of code, or through leading user management platforms like Gigya and Janrain among others. FundRazr, a leading community crowd funding platform and a Trulioo customer, requires users to login using Facebook, LinkedIn or Google. “We initially looked to social login to help us drive new user registrations and optimize campaign visibility. Now in working with Trulioo, social login is also helping us to fight fraud and keep our user community safe,” said FundRazr’s CEO Daryl Hatton. “We are a global platform and we needed a global fraud solution – that had been hard to find previously,” said Hatton. Trulioo recently surpassed over 100 million cyber identities scored, most in North America and Europe. This round of funding will be used to accelerate expansion into developing and emerging markets where traditional identity verification products are largely unavailable. David Blumberg, Managing Partner at Blumberg Capital states, “Trulioo’s software is a unique and effective tool to help make social login safer for users and more valuable for customers globally. We think the company is well positioned to build out the biggest business in the vertical, as it continues to lead the market.” As a pioneer in social verification, Trulioo aims to continue disrupting online identity verification with new technologies such as the recent project announcement Mobilekey, a mobile application designed to replace traditional student ID cards.“We are excited to have this new group of top investors and partners on board, that share our vision and bring the additional domain expertise we need to grow,” said Trulioo’s Founder and CEO Stephen Ufford. “Trulioo created the market for social verification. This additional investment helps ensure we continue to be the leader and top brand to work with in the space by delivering the best product.” Dan Levine of Tenfore Holdings has joined Trulioo’s Board of Directors. TruliooTrulioo provides advanced analytics based on global Internet identity information and user behavior from sources including social login providers, ad networks, mobile applications, e-commerce websites, social networks and customers. Launched in 2011 and based in Vancouver B.C., Trulioo specializes in scoring Internet identities as authentic, machine generated or fraudulent. The Company was recently selected as one of Canada’s top 20 technology startups. www.trulioo.com Blumberg Capital is an early-stage venture firm that works closely with innovative entrepreneurs to build exceptional companies. The team has over a century of relevant experience collaborating with disruptive technology companies in Software, Digital and Social Media, Mobile and Consumer Internet. Blumberg Capital is headquartered in San Francisco with team members located in New York and Israel. Portfolio includes: Hootsuite, Lenddo, Nutanix, Creo to name a few. For additional information, visit www.blumbergcapital.com Tenfore Holdings is an investment management firm that provides operational value-add to growth-stage companies where technology plays a transformative role. The focus is on commerce and Big Data equity/debt investments where operating experience and strategic relationships are applied to enhance value. BDC Venture Capital is the largest early-stage technology investor in Canada, working with promising entrepreneurs and other investors to build outstanding Canadian companies. With more than $1 billion in current and planned investments, their strategic focus is on innovative IT, health and energy/clean technology companies with high growth potential. For additional information, visit www.bdc.ca