Fundica Archives - Finovate

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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