Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Prime Trust offers a diversified infrastructure platform offering solutions across payments, settlement, open banking, card management, and fraud prevention (through know-your-customer). The platform is capable of handling crypto and fiat currencies, and its API and plug-and-play widgets cater to a range of enterprises, including crypto exchanges, digital wallets, broker dealers, and banks, among others. Prime Trust’s payment infrastructure enables automated clearing house (ACH), single Euro payment area (SEPA), and SWIFT wire transfers, and can handle six different global fiat currencies. It can also handle card processing in 165 currencies natively, and also lets end users convert the funds to USD upon deposit. The platform can also support transactions through a range of digital assets, including Bitcoin, Ethereum, and Stellar, among others. The company also offers a white-label debit card program for institutional clients, which are compatible with most digital wallets (including Apple Pay and Google Pay). Funding and financials The company’s annual revenue run rate (ARR) reportedly exceeded USD 100 million in July 2021 and that its platform handled around 250 million API calls per month from over 500 customers. It also noted that revenue doubled annually over 2017-20.Prime Trust appointed former Visa and Green Dot executive, Mike Smith, as its Chief Operating Officer (COO) in June 2021. The company <a href="https://sp-edge.com/updates/11254?industryIds=53">raised USD 100 million in Series B funding </a>in June 2022, almost a year after raising USD 64 million in Series A funding. The newly raised funds were primarily earmarked for new product launches, such as the Crypto Individual Retirement Accounts (IRA), wealth, and staking products. It will also be used to support tokenized products and migrate to a cloud architecture.

Flutterwave, based in Nigeria and the USA, offers payment infrastructure for enterprises across the globe to enable cross-border transactions with Africa through payment applications created via a single API. Its solutions include a range of payment services such as checkout, card issuing and management (including “Flutterwave Barter”), stores, and invoices for websites and apps. The platform enables transactions in over 150 currencies, and a range of payment methods, including cards, mobile wallets, and bank transfers. Flutterwave subsequently added Google Pay as a payment method for its merchants in Africa, in September 2022. The company expanded its platform beyond payments in March 2022, by rolling out a series of new products, including BNPL, merchant lending, and business incorporation infrastructure. As of February 2022, the company’s infrastructure catered to 34 African countries (excluding North Africa), including Nigeria, Uganda, Kenya, and South Africa. Subsequently, in February 2023, Flutterwave received its payment services provider (PSP) and payment facilitator <a href="https://sp-edge.com/updates/16372">licenses in Egypt </a>and expanded its operations in North Africa. The company also received the <a href="https://sp-edge.com/updates/12805?industryIds=53">Switching and Processing License </a>from the Central Bank of Nigeria in September 2022; however, in July 2022 Central Bank of Kenya (CBK) directed all financial institutions to <a href="https://sp-edge.com/updates/11968?industryIds=53">cease doing business </a>with Flutterwave stating the company is not licensed to operate in the country.Flutterwave also entered into a five year strategic technology agreement with Microsoft in June 2023, to build its next-gen platform on Microsoft Azure cloud. This supports scaling the transactions processed through Flutterwave. Key customers and partnershipsFlutterwave noted that its platform is used by over 900,000 businesses, including Uber, Bookings.com, and Facebook.The company has expanded its operations and products through partnerships, including one with cross-border payment infrastructure company <a href="https://sp-edge.com/companies/76548">Currencycloud </a>in September 2021, to accelerate the launch of its payment network in Europe and the US. During the year, it also partnered with ecommerce fraud prevention company Forter (in April), and connected African businesses with over 377 million PayPal users globally (in March). In June 2023, it chose open banking infrastructure provider <a href="https://sp-edge.com/companies/305032">Token </a>to power Flutterwave’s “Pay by Bank” transfer capabilities. In 2019, the company collaborated with Visa to launch “Flutterwave Barter” as well as with Alipay to offer digital payment between Africa and China. Funding and financials Flutterwave had processed over 200 million transactions worth over USD 16 billion from its 2016 inception through February 2022. The company noted that its revenue rose at a CAGR of 225% over 2018-20, and was supported by the pandemic-led heightened demand for online payments. <a href="https://sp-edge.com/updates/8510">In February 2022, </a>Flutterwave raised USD 250 million in Series D funding, at a USD 3 billion valuation. The company intends to utilize the funds to accelerate customer acquisition in its existing markets, enter into M&amp;A deals, and for further product development including developing complementary products.

Helping employers provide personalized, high-touch, and holistic financial wellness tools to their entire workforce.

Financial Wellness Tools

Changed offers a platform that helps users manage and pay off their student loans, credit card debts, mortgages, and other debts. The platform uses a micro-saving approach by rounding up users' everyday transactions to the nearest dollar and allocating the spare change toward repaying their student loans, credit cards, and other debts. In addition to managing their own debt, the platform also helps users pay off the debt of their family.Changed operates a subscription-based pricing model and charges a monthly subscription fee in the range of USD 6–15 per month. The platform claims to have helped to save USD 50 million in interest and has facilitated over USD 25 million in payments.Key customers and partnershipsAs of January 2024, the company reportedly had 1,000 active users and was managing over USD 2 billion in student loans.

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

<div>
 
 Twist Biosciences is a synthetic biology and genomics company whose proprietary technology involves &quot;writing&quot; DNA on a silicon chip. This approach enables the rapid and cost-efficient production of high-quality synthetic DNA, which is a key driver in advancing drug discovery and development.&nbsp;
 
 
 The company&rsquo;s product portfolio of synthetic DNA-based products, such as synthetic genes, next-generation sequencing preparation tools, and antibody libraries, provides researchers with the necessary tools to investigate disease mechanisms, identify drug targets, and develop personalized therapies. Twist is also exploring long-term opportunities in digital data storage using DNA and biologics drug discovery.
 
 
 Key Customers and Partnerships
 
 
 The company has several partnerships for drug discovery and&nbsp; development, including 1) Takeda Pharmaceutical Company Limited (July 2020) to expand biologics discovery capabilities, 2) SomaLogic (August 2021) to discover novel therapeutic targets and antibodies, 3) Illumina (November 2022) to provide expanded customer access to the co-branded Twist Bioscience for Illumina Exome 2.0 Plus panel designed to advance disease research, 4) Astellas Pharma (January 2023) seeking to discover antibodies against several targets to hit on curative therapies for hard-to-treat diseases, 5) bioinformatics company 
 <a href="https://sp-edge.com/updates/18063">
 Aster Insights
 </a>
 (April 2023) to launch the AsterExome panel, a genetic analysis tool for cancer research, and 6) 
 <a href="https://sp-edge.com/updates/19004">
 CeGaT
 </a>
 , a provider of genetic diagnostics and next-generation sequencing services (May 2023) to launch the Twist Alliance CeGaT RNA Fusion Panel.
 
 
 Funding and Financials
 
 
 The company began trading on the Nasdaq Stock Exchange in October 2018 under the ticker symbol &ldquo;TWST,&rdquo; raising USD 70 million at IPO. In February 2022, the company raised USD 250 million via a public offering of 4.5 million shares priced at USD 55 per share. The funds raised were used to scale R&amp;D, toward commercialization, to expand operations, and to fund working capital and general corporate expenses.&nbsp;
 
 
 For the six months ended 31 March 2023, the company reported a 30% increase YoY in revenue to USD 114.4 million and its net loss contracted 5% to USD 101 million. Its cash and cash equivalent as of March 2023 was at USD 316 million compared to USD 379 million in Q4 2022. 
 
</div>

Buy Now, Pay Later

Toronto-based Financeit offers consumer lending operations including managing loan origination, credit adjudication, regulatory reporting, loan servicing, and collections. It also provides a flexible, mobile-friendly way to boost sales for businesses. Financeit’s approach to consumer financing allows businesses to offer their customers financing for projects and purchases of up to USD 100,000. This service is particularly beneficial for businesses in the home improvement sector. As part of its services, Financeit also offers a buy now, pay later (BNPL) solution that provides flexible financing for customers undertaking large home improvement projects.New York-based specialty finance investment firm Wafra Capital Partners acquired Financeit in February 2022 for an undisclosed sum. Financeit aimed to accelerate its market penetration and service expansion, leveraging Wafra Capital's expertise in loan origination platforms.Financeit acquired the <a href="https://sp-edge.com/updates/19689">Simply Group loan </a>business for an undisclosed sum in June 2023. The company planned on leveraging the expertise of the Simply Group, launching innovative projects, and growing its platform users.As of 2021, the company successfully processed over 115,000 loan applications and funded a record-setting CAD 534 million (USD 386 million) in loan originations. The company also reached a milestone of CAD 2 billion (USD 1.45 million) in lifetime loan originations.Key customers and partnershipsFinanceit partnered with many finance businesses including Recreation Vehicle Dealers Association of Canada (RVDA) (September 2022) to bolster financial programs and technological access for its RV dealer members; Lennox International (July 2022) to offer BNPL financing, and Carrier Enterprise Canada (May 2019) to streamline the sales process with an effective financing solution.

Making banking work, without the paperwork

Neobanks

Greenwood provides digital banking services via a mobile app catering specifically to individuals and businesses from African American and Latino backgrounds. The company was founded by civil rights leader Andrew J. Young; rapper and activist Michael Render; and Ryan Glover, founder of the Bounce TV Network.The neobank provides savings and checking accounts inclusive of debit cards, which can be used at over 40,000 ATMs, fee-free. It also facilitates peer-to-peer transfers and mobile check deposits and allows customers to integrate their debit cards with digital wallets such as Apple, Samsung, and Android Pay. The company also reports not charging hidden fees or overdraft fees. Additionally, the company introduced <a href="https://sp-edge.com/updates/24589">Greenwood Invest</a>, a stock and ETF investing app, providing access to over 5,000 stocks and ETFs. It also allows customers to start investing with just 1 USD through fractional shares.Greenwood <a href="https://sp-edge.com/updates/18148">acquired Kinly </a>, a neobank serving the African American community, in April 2023 for an undisclosed amount. The transaction consolidates two of the largest neobanks serving this community, with Greenwood being able to extend its services to over 300,000 Kinly customers.Moreover, the company made several other acquisitions to better serve the African American community and help facilitate the building of generational wealth. It acquired <a href="https://sp-edge.com/updates/10297">The Gathering Spot </a>(in May 2022), a private membership network catering to young professionals and entrepreneurs, and <a href="https://sp-edge.com/updates/11263">Valence </a>(in June 2022), a recruitment and professional development services. It provides access to these facilities to its members through a membership program called “Elevate".Key customers and partnershipsThe neobank does not possess its own banking license and provides its products in partnership with Coastal Community Bank. As of November 2022, Greenwood had over 100,000 banking customers and more than a million community members across The Gathering Spot and Vance networks.Fundings and financialsGreenwood raised <a href="https://sp-edge.com/updates/14952">USD 45 million in Series B </a>funding in November 2022 led by Pendulum, making it the largest investor on a dollar basis. The round also witnessed participation from other notable investors such as Cohen Circle, NextEra Energy, Bank of America, Citi Ventures, and Wells Fargo. It did not disclose the use of proceeds.

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 Carbon sells 3D printers along with related software and material for additive manufacturing to allow mass customization and on-demand inventory management. With a range of patented engineering and dental resins, Carbon targets automotive, consumer goods, dental (healthcare), and other industrial use cases. Carbon&rsquo;s product portfolio includes several types of 3D printers named M1, M2, and M3 (an advanced end-to-end idea-to-production platform introduced in January 2022) as well as L1 and a parts washer. Carbon&rsquo;s materials portfolio includes rigid, elastomeric, and dental materials. Carbon&rsquo;s design software platform was launched targeting product designers globally in 2022. It offers regular software updates to its printers to continuously improve the processes and the outcome. With the acquisition of design software company 
 <a href="https://sp-edge.com/updates/12722">
 ParaMatters
 </a>
 in August 2022, Carbon expanded its software capabilities to include topology optimization capabilities, allowing users to speed up the design iteration process and create complex, high-performance part designs.
 
 
 The company also offers print analytics solutions, allowing real-time review of production data and part traceability from design to print stage. Adding to its proprietary pool of materials, in February 2022, Carbon introduced a flame retardant photopolymer resin that ensures durability and the long-term stability of printed parts.
 
 
 Carbon uses patented Digital Light Synthesis (DLS) technology that uses digital light projection and engineering-grade materials to develop parts with mechanical properties and a surface finish. DLS is driven by Carbon&rsquo;s Continuous Liquid Interface Production (CLIP) technology, which uses ultraviolet (UV) light to cure liquid plastic resin into solid parts. Unlike traditional resin-based 3D printing (which reportedly makes weak parts), Carbon&rsquo;s printed parts are baked in an oven, exposing the parts to a second heat-activated programmable procedure for improved strength.&nbsp;
 
 
 Key customers and partnerships
 
 
 Carbon had a presence in 17 countries as of January 2024, with plans to expand to other international markets in the future. The company also operates through a network of design firms and contract manufacturers that specialize in Carbon&rsquo;s technologies. Carbon connects customers with these partners if they have a prototype that needs to be made.
 
 
 Carbon has entered several partnerships with other AM companies including Desktop Metal to bring its Flexcera resins to the Carbon Digital Manufacturing Platform (July 2023), Henkel to combine materials and printing expertise (October 2020), and Shapeways to offer access to Carbon&rsquo;s 3D printing technology and materials (March 2019).
 
 
 Funding and financials
 
 
 In June 2019, Carbon raised USD 260 million co-led by Madrone Capital Partners and Baillie Gifford, bringing the company&rsquo;s total funding to USD 683.4 million. Carbon planned to use this capital to expand R&amp;D, establish its first advanced development facility (ADF), and support international growth in Europe and Asia. 
 
 
 
</div>

Using AI to mimic and understand human language

Natural Language Processing Tools

Kasisto is a New York-based company specializing in conversational artificial intelligence (AI) solutions for the financial services industry. The company's flagship product is KAI, a digital experience platform that powers AI-driven chatbots and digital assistants for banks and financial institutions. KAI is designed to facilitate human-like conversations, provide financial knowledge, and automate customer interactions across various channels. In May 2023, Kasisto introduced KAI-GPT, which it claims is the financial industry's first large language model purpose-built for banking. This technology combines KAI's conversational capabilities with GPT technology to enhance the AI's ability to understand and respond to complex financial queries.Kasisto's AI solutions aim to improve customer experiences, streamline operations, and drive business growth for financial institutions. The company's technology allows banks to automate customer support, deliver personalized recommendations, and empower employees with real-time financial information. In February 2024, Kasisto reported that one of its clients, First Financial Bank, experienced a 10% overall increase in new accounts opened after implementing Kasisto's AI-powered digital assistant. The bank also saw significant increases in specific product categories, including a 27% rise in new certificate of deposit accounts and a 35% increase in mortgages.Key customers and partnershipsKasisto works with 47 financial institutions globally, including major banks such as JP Morgan, Westpac, Standard Chartered, TD, and Nedbank. The company also serves US community banks and credit unions, such as First Financial Bank, Meriwest, and Indiana University Credit Union. Westpac, Australia's first bank serving over 12 million customers, has been a Kasisto customer since 2020 and was the first commercial bank to pilot the KAI-GPT large language model in May 2023. Kasisto has partnerships with fintech companies and has integrated its KAI platform with top digital banking partners like NCR, FIS, and Q2.

Kanmon platform is the easiest way to for vertical SaaS and marketplaces to offer embedded lending products to their business customers.

Kasisto enables financial institutions to service, engage, and acquire customers via human-like, intelligent conversations anytime, anywhere. Its digital experience platform, KAI, powers omnichannel virtual assistants and chatbots who are fluent in banking across mobile apps, websites, messaging platforms, and voice-enabled devices. The company was founded in 2013 by Dror Oren, Zor Gorelov, Sasha Caskey, and Ruth Brown and headquartered in New York, New York.

Prime Trust was founded in 2016 on the belief that the future of finance is digital. Through a full suite of APIs, we help financial institutions and fintech companies build seamlessly, launch quickly, and scale securely. As an independent, regulated trust company, we work with clients such as crypto exchanges and payment platforms, who rely on our trusted, secure ecosystem and institutional grade blockchain technology. Prime Trust solutions are at the center of a quickly-evolving crypto industry, providing the infrastructure that merges digital assets with traditional finance. For fintech businesses in the US and around the world, Prime Trust makes it possible to securely and compliantly access the digital economy. The company is recognized by Forbes as America’s Best Startup Employer 2022 and is also Great Place to Work-Certified™ 2022. Prime Trust has also been named to CB Insights Blockchain 50 for 2022.  Visit us at www.primetrust.com and connect with us on LinkedIn, Twitter, and Facebook.

NYDIG is a technology and financial services firm dedicated to Bitcoin for institutions, private clients, and banks. The firm offers asset management, derivatives, financing, custody, and execution services. NYDIG's platform satisfies the highest regulatory, audit, and governance standards.

CloudWalk is a global financial services platform with a primary mission to revolutionize how individuals and small to medium-sized businesses handle money. As the owner of the InfinitePay and Jim.com brands, the company offers a wide-range portfolio, including digital banking, loans, online sales, digital wallets, and payment terminals. Central to its innovative approach is the use of artificial intelligence across its product lineup, ensuring that CloudWalk's offerings are at the forefront of efficiency, user-friendliness, and technological advancement, thereby making financial management smarter and more accessible to a broad audience.

Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores. It simplifies fraud detection through a financial guarantee, allowing businesses to increase sales while reducing fraud losses. It was founded based on the belief that e-commerce businesses should be able to grow without fear of fraud. The solution solves the challenges that growing e-commerce businesses persistently face: billions of dollars lost in chargebacks, customer dissatisfaction from mistaken declines, and operational costs due to tedious, manual transaction investigations.  Launched in 2011, Signifyd is used by multiple companies on the Fortune 1000 and Internet Retailer Top 500 lists.

Greenwood Bank is a digital banking platform for Black and Latinx people and business owners. It features best-in-class digital banking services and innovative ways of giving back to the community. The company's initial products are savings and spending accounts that come with a stunningly designed black metal debit card for customers who sign up by the end of the year. Greenwood Bank was founded in 2020 and is based in Atlanta, GA, USA.

Billon Group is a fintech company that provides an enterprise DLT system for accounts and transactions and targets at bank accounts. The technology is optimized for regulated institutional use as a scalable private, permission DLT (outperforming cryptocurrency adaptations). It is fully regulatory compliant for both money and document applications. Billon offers near real-time settlement of domestic and cross border payments. It also enables fiat money to be digitized and the firm is registered as an e-money issuer in the UK and Poland. The partners with enterprise customers to create DLT based solutions on it’s a full platform. Reusable modules & APIs allow for rapid creation and delivery. The platform combines the blockchain and distributed ledger is built for enterprise implementations and achieved full compliance with data and money regulations. Billon Group was founded in 2015 and is headquartered in London, England, United Kingdom.

Flutterwave provides a payment infrastructure for merchants and payment service providers. They offer an online marketplace for businesses to list their products and services for sale.  They provide payment tools, including a smart payment ordering system for businesses to accept payments.

SONECT enables every shop in the neighborhood to act as a “virtual ATM” using just a smartphone or its POS-system. It democratizes the process of cash distribution in order to reduce the “cost of cash”.   SONECT is a location-based matchmaking platform that connects those who want to withdraw cash with those who want to deposit cash – typically a local shop owner. It builds a community around local businesses and helps them generate physical leads.  Using SONECT: • local shops will not only have less cash to manage at the end of the day but also earn a commission & attract new customers by offering a new service and having access to an additional marketing channel • individuals can avoid an extra trip to the ATM and withdraw money without fees at the click of a button – wherever they are: in a restaurant, a bar, their favorite local shop, …  • banks can reduce ATM operation costs & complement their ATM network – or even enter new markets without investing significant capital. On top of that, they can leverage a new revenue channel and get closer to their customers.

Numerated is the fast-growing fintech making business banking easy for financial institutions and their clients. Banks and credit unions use Numerated’s digital lending platform to meet business expectations for digital convenience and to bring efficiency gains to their internal teams. The platform is unique in its use of data to streamline the origination of any business banking product, from application to decision to close. More than 400,000 businesses and 30,000 financial institution associates have used Numerated to process $50 billion in lending.  Financial institutions with a combined $1 trillion in assets use Numerated, including Bremer Bank, Dollar Bank, Eastern Bank, MidFirst Bank, People’s United Bank, Seacoast Bank and more. The company was recently recognized as one of 2020’s Top 250 FinTechs by CB Insights and 2021’s Best Overall Business Lending Company by FinTech Breakthrough.

ChangEd is a mobile app that helps pay down student loans by using spare change from everyday purchases to make additional payments. ChangEd securely links to credit and debit cards, rounds purchases up to the next dollar and sends that change to a loan servicer.

Mimble is a social gifting app that keeps friends and family connected via instant gifts, chat, greeting cards, event reminders and more. A thoughtful eco friendly solution that is fun, fast and easy!

Curu enables lenders to open more accounts by showing users the actions necessary to meet eligibility for their financial goals. Curu has become a fast-growing technology provider with its application’s sophisticated algorithms designed to boost consumer credit scores and its innovative “Extended Approval Plan” and customized risk model. Users link all of their accounts to their secured Curu profile and Curu’s engine calculates ways to improve the end-users credit score in order to help them meet eligibility requirements and get approved for financial products such as credit cards, personal loans, auto loans, and mortgages. Financial institutions contract with Curu to provide their clientele with a solution consisting of an individualized behavioral modification and a credit score improval program that generates new accounts.

UpperRoom scans bond inventory lists and currently held securities and algorithmically determines which bonds should be bought and sold.

Harvest Savings & Wealth Technologies is a provider of integrated savings and wealth solutions for the financial industry. It enables financial institutions to deliver tightly integrated savings and wealth solutions to their customers at any part of their financial journey. They're building cutting-edge tools that bring more innovation and efficiency to savings and wealth management. Harvest Savings & Wealth Technologies provides integrated, enterprise-grade digital savings and wealth solutions to banks, credit unions, trust companies, and other financial institutions.

BOND.AI is a human-centered AI platform for banks, powered by its proprietary empathy engine. It helps banks intimately understand user behavior and nudge them towards improving financial health. BOND.AI significantly increases user engagement, lifetime customer value and most importantly helps monetize data for financial institutions.

Twist Bioscience is a synthetic DNA production for specialty chemical compounds and drug development. At Twist Bioscience Corporation, they work in the service of customers who are changing the world for the better. In fields such as health care, agriculture, industrial chemicals, and data storage, by using our synthetic DNA tools, their customers are developing ways to better lives and improve the sustainability of the planet. They believe that the faster their customers succeed, the better for all of them, and Twist Bioscience is uniquely positioned to help accelerate their efforts. Their innovative silicon-based DNA Synthesis Platform provides precision at a scale that we believe is otherwise unavailable to their customers. their platform technologies overcome inefficiencies and enable cost-effective, rapid, precise, high-throughput synthesis and sequencing, providing both the quality and quantity of the tools they need to rapidly realize the opportunity ahead. Twist Bioscience was founded in 2013 and is headquartered in San Francisco, California.

WalletFi is the subscription management solution for financial institutions and fintechs.

Monotto is building the future of autonomous banking. Using the account holder’s transactional history, Monotto's machine-learning engine improves customers' financial stability through automated saving optimization. Monotto is offered as a white-label or API-enabled platform for banks to engage and de-risk the under-banked population. Additionally, our rule based marketing platform generates ''opt-in'' personalized ads for each account holder. Monotto is using today’s most advanced technology to make banking personal. Monotto was launched in 2016 and is operated from Atlanta, Georgia.

Using technology and education, we empower institutional investors to better manage their portfolios.  Founded in March of 2013, Public Funds Investment & Reporting (PFITR, ) is a software-as-a-service (SaaS) technology company that enables those responsible for overseeing tax dollars to see valuation metrics based on market transactions to make the best investment decisions possible.   Treasurers, Directors of Finance, public CFOs—all are examples of public fiduciaries who oversee, cumulatively, trillions of dollars in their operational accounts.   State statutes and internal investment policies govern  the three mandates of  safety, liquidity, and yield.   Keeping the investments safe involves identifying, measuring and mitigating risk.    Liquidity is the second mandate and most entities keep an excess amount of cash and cash equivalents and because they lack the cash flow analytics required.   Buying too high, hidden commissions, and holding too much cash often sacrifice yield.   Our BPV™ tool provides them the analytics and internal controls to guide public fiduciaries to lessen  risk, commissions, and poor timing.   How do public fiduciaries, so burdened with conflicting demands and looming risks, respond? They either avoid doing anything or they take the advice of the bank or broker making the recommendation.   Many public fiduciaries lack the experience, technology and training to make optimal investment purchases, so they are dependent on the recommendations of the broker because most do not use  an advisor.   There is an inherent conflict of interest in many recommendations because, generally speaking, brokerages receive higher commissions when the product sold  is riskier  generally .  Most public fiduciaries are under-diversified, over-liquid and earning too little on their multi-million dollar portfolios.   Cumulatively, public fiduciaries currently invest trillions of taxpayer dollars each year.  In their flagship product, the Bond Price Validation tool (BPV™), PFITR provides public fiduciaries the information that they need to make optimal investment purchases. With proprietary, licensed data from strategic partners, including Moody’s, Interactive Data Corporation, CUSIP, and Standard & Poor’s, packaged into a user-friendly software interface, PFITR puts internal controls in place so that the public fiduciary  can make more informed decisions. . PFITR offers public fiduciaries market transparency for their investment purchases and inventories. Bond fees and commissions are not transparent and are rarely known.    The BPV™ tool is the most affordable and easy-to_use technology that lets public fiduciaries know market information about and pricing of investments before purchasing them`	.    In the world of public finance, proof is invaluable.  Constituents want proof that their public servants are doing a good job, and auditors demand it.  Bond Price Validation generates  instant reports for every transaction that a public fiduciary makes in comparison to comparable market transactions. With Bond Price Validation, constituents and auditors alike are able to view and understand exactly why public fiduciaries make the investments that they do.  PFITR has earned the attention of two early stage venture investors. Capital Innovators, the Missouri Technology Corporation and SixThirty are among a few of those who have cumulatively invested PFITR. In recent months, PFITR has built an impressive sales pipeline, with almost 100 product demos currently scheduled and a projected annual recurring revenue strea(ARR) of more than $300k by January 2016.  Together, these factors contribute to PFITR’s current valuation of $3.8MM.  Accordingly, PFITR seeks $380k for a 10% stake in the company.  With a total market size of 116,000 U.S. public entities, PFITR aims to convert 4,000 public entities to customers within five years.  This market penetration rate of about 3.5% requires PFITR to convert three customers in the month of September 2015 and post consistent, month-over-month sales growth of about 15% through 2017, at which time growth may slow to a more mature rate of 6%. Less than four months into their sales efforts and with only one full-time Sales Development Representative (SDR) and one Account Executive (AE), PFITR has already converted four new customers in September 2015.  At 4,000 customers, PFITR will achieve a valuation of more than $625MM.

Carbon provides printing solutions for products that outperform. The company helps businesses develop better products and bring them to market in less time. Carbon is a venture-backed company. They serve industries including automotive, consumer, industrial, life sciences, and dental.

Financeit offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. Financeit's point-of-sale financing platform helps businesses of any size close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase. For larger enterprise businesses, Financeit delivers an integrated suite of home improvement solutions at scale, including leads and workflow management, live contact agents, financing and promotions, performance assurance and category development. Financeit has partnered with over 8,000 merchants to process more than $5 billion in loan applications and was named Canadian Lenders Association's 2019 Company of the Year in Lending.

FIS focuses on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Florida, FIS employs more than 53,000 people worldwide. FIS is a Fortune 500 company and is a member of the Standard & Poor’s 500® Index.

<div> Fidelity National Information Services, Inc. (NYSE: FIS) is a leading global provider of financial services technology solutions headquartered in Jacksonville, Florida. The company was founded in 1968 and offers a wide range of products and services including: <ul> <li> Core processing and ancillary applications </li> <li> Mobile and online banking </li> <li> Fraud, risk management, and compliance solutions </li> <li> Card and retail payment processing </li> <li> Electronic funds transfer and networking </li> <li> Wealth and retirement services </li> <li> Item processing and output solutions </li> </ul> FIS also provides trading and asset management, lending, and treasury and risk management solutions for financial institutions, businesses and developers worldwide. The company operates through two main segments: <ul> <li> Banking Solutions: Provides core processing and ancillary services to banks. This segment saw full-year revenue increase by 2% to USD 6.7 billion in 2023. </li> </ul> <ul> <li> Capital Market Solutions: Offers record-keeping and other services to investment firms. This segment's full-year revenue increased by 5% to USD 2.8 billion in 2023. </li> </ul> FIS has expanded its global footprint through strategic acquisitions over the years, including SunGard in 2015 and Worldpay in 2019. However, in early 2024, FIS sold a majority stake in its Worldpay merchant solutions business to private equity firm GTCR. The company reported full-year 2023 revenue of approximately USD 9.8 billion, a 1% increase from the previous year. FIS has raised its share repurchase goal to USD 4.0 billion by the end of 2024 and approved a quarterly dividend of USD 0.36 per common share. For 2024, FIS projects accelerated revenue growth, expanding adjusted EBITDA margins, and year-over-year adjusted EPS growth. </div>

FIS: New Tools and Tech Will Redefine the Office of the CFO

FIS Impact Ventures

Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

Platforms, apps, and cards to keep the corporate wallet in check

Business Expense Management

Solutions that enable employees to avoid out-of-pocket spending on business expenses, using company-issued payment cards

Platforms that let employees scan receipts (through OCR) and automatically submit claims to receive reimbursements with the limited involvement of admin, finance, or HR staff

Platforms offering payout automation solutions that cover the process either entirely or partially—from vendor onboarding to making payments

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <ul>
 <li>NerdWallet has launched NerdUp, a secured credit card, in collaboration with Bond, an embedded finance platform (recently acquired by FIS).</li>
 <li>NerdUp offers customer approval with no hard credit checks or annual or monthly fees. There is a USD 100 minimum deposit. Users receive 1% cash back on purchases, which is added to their deposit account, and a 0% interest rate for those clearing their balance monthly. Additionally, the card provides access to credit scores and insights via the NerdWallet dashboard.</li>
 <li>Established in 2009, NerdWallet operates in the US, the UK, and Canada, offering financial guidance and tools such as content, comparison shopping marketplaces, and a data-driven app for individuals and small to medium-sized businesses to make informed financial decisions.</li>
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