6 Top Fintech Startups and VCs Who Love Them
April 24, 2013 8:00 AM
BTN editors scoured their notebooks and identified six financial technology startups with strong products that are acquiring funding and, we think, will soon acquire more customers and bank partnerships.
(Image: Thinkstock)
Startup: Narrative Science
Headquarters: Chicago
What it does: The company has developed an artificial intelligence engine, Quill, that turns numbers into stories. It's being used by Forbes to automatically generate earnings reports and by Personal Capital to create mini-reports on customers' personal finances. Banks could use the software to automate compliance and other reports.
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Startup: BillGuard
Headquarters: New York
What it does: The company's software analyzes card transaction data in combination with complaints reported by consumers and merchants to detect erroneous charges. Banks could incorporate the software into online and mobile banking apps.
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Startup: Planwise
Headquarters: San Francisco
What it does: Develops financial modeling products for consumers. By-mid year, its app will include a feature that lets users link in their bank accounts.
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Startup: On Deck
Headquarters: New York
What it does: Uses Big Data to make loans to small businesses. It competes with banks and alternative online lenders such as Kabbage.
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Startup: Pageonce
Headquarters: Palo Alto
What it does: Creates personal finance software that lets users pay people and bills. It's attracted eight million U.S. users already.
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Startup: Nok Nok Labs
Headquarters: Palo Alto
What it does: Builds security software based on a new protocol created by the FIDO Alliance, which Google joined this week (PayPal and Lenovo are already members). Ultimate goal: better, stronger authentication using biometrics and other technologies.
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