Las Vegas, October 30, 2024–(BUSINESS WIRE)–Money20/20, the world’s leading fintech show and where money does business, has announced seven startups that are transforming the world of money. The selected startups are Brightwave, Casap, Eisen, Footprint, NALA, Ntropy, and Zumma. These emerging startups were announced at the Money20/20 USA startup media session held in Las Vegas on October 29th.
Money20/20 USA brings together the most influential figures in fintech and financial services to unlock growth opportunities for these startups to transform into industry powerhouses. The Money20/20 Startup Media Sessions were designed as part of our goal to support startups at the intersection of finance and business.
“Money20/20 USA focuses on what drives the conversations most relevant to the fintech industry, from economic and regulatory uncertainty to the future of payments and the impact of AI on the future of money. We are proud of the work these startups are doing to move our industry forward.” said Scarlett Seaver, Chief Strategy and Growth Officer at Money20/20, said:
The seven startups are as follows.
Brightwave is the leading AI platform for financial services, delivering accurate and insightful financial research to help financial professionals make better decisions faster. Its purpose-built AI system integrates insights across thousands of pages of primary sources to automate the most tedious parts of investment workflows and help users find opportunities missed by others.
“Being named one of the top 7 startups at Money20/20 is strong recognition of our progress in transforming the way investment research is conducted. We are excited to announce our funding.”At Brightwave, we harness vast amounts of data to solve one of the most difficult problems in finance: uncovering deeper insights and relationships that others miss. I’m working on it. ” Mike Conover, founder and CEO of Brightwave, said:
Casap is an AI-powered dispute automation and fraud prevention platform. Casap’s intelligent automation, with built-in regulatory expertise and network integration, identifies fraudulent claims early and provides fast, frictionless dispute and chargeback resolution at a fraction of today’s cost. It will come true.
“Money20/20 was the first conference I attended since launching Casap last year, and it played a pivotal role in validating our vision. The connections, conversations, and insights I gained were invaluable. Exactly one year later, we came back and launched “We are focused on some of the most pressing challenges in payments expansion, including automating chargebacks and combating first-party fraud.” I’m working on crab. We are deeply grateful to Money20/20 for giving us the opportunity to reach so many people in the industry. Help drive meaningful change in how payments operate at scale.” said Saisi Peter, co-founder of Casap.
Eisen is the first escapement automation solution to proactively manage dormant account offboarding, expired checks, contract cancellations, and more. Financial institutions rely on Eisen to simplify the complexity of regulatory, payment, and suitement requirements to ensure compliance while reducing operational risk.
“Money20/20 has been a cornerstone for Eisen since 2021, when our idea itself was first sparked in the halls of the Venetian. It all started with a conversation about the toughest challenges in fintech, and every year , which has helped us refine our ideas. For us, Money20/20 is more than just growth; it’s the beginning of Eisen.” Allen Osgood, CEO of Eisen, said:
Footprint is a Series A identity company that has raised $20 million from funds including QED and Index Ventures. The company offers a single SDK that automates onboarding (KYC/KYB, fraud, security, authentication) and makes it an easy-to-integrate solution. Footprint works with leading companies in the banking, automotive and real estate sectors. Their technology portalizes identities and creates a centralized database of authentic, deduplicated identities.
“Money20/20 is a pioneer in innovation. We have strived to be different in our footprint through our recent fraud compensation program and our approach to labeling good actors. Some people may think it’s a crazy idea, but it’s great.” I want to believe that Money20/20 will continue to be a place to shine a spotlight on crazy people. ” Eli Wachs, co-founder and CEO of Footprint, said:
NALA is a U.S.-based global cross-border payments fintech company that provides cross-border payments to emerging markets such as Africa and Asia. NALA has two products. A consumer fintech product that allows immigrants to send money back home, and an infrastructure business called Rafiki that builds payment rails in Africa. NALA recently became profitable, raising $40 million in Series A after achieving 10x revenue growth in 12 months.
“At NALA, we are on a mission to build payments for the next billion. Emerging markets are often overlooked, but they are the fastest growing economies in the world and should not be underestimated. We have great ambitions for what we want to achieve and implement in the coming years.” said Benjamin Fernandez, founder and CEO of NALA.
Ntropy is on a mission to organize the world’s financial data. 80% of the world’s financial data is unstructured and locked away in transactions, documents, PDFs, and images. This means it is underutilized and cannot be used in large models. Ntropy was founded to solve this problem for any type of financial data, in any language, in any region, and to power agents and agent workflows in humans and, more recently, in finance.
“Ntropy processes hundreds of millions of transactions and documents every week with over 98% accuracy and in less than 100ms, 1000x faster and cheaper than other providers on the market. This collaboration allows for deployment flexibility and allows customers to demonstrate the true value of GenAI, working with NVIDIA’s partners to We are very fortunate to have the opportunity to work with Oracle and AWS to accelerate Ntropy’s mission.” said Naré Vardanyan, co-founder and CEO of Ntropy.
Zumma is a financial co-pilot that automates and simplifies financial processes by leveraging existing tools like WhatsApp that businesses in Latin America already use to save time and money. The company started by automating expense management and expense claims processes, saving customers more than $4,000 in tax credits per employee per year.
“Participating in Money20/20’s startup media sessions allows us to spread the word about our products to the fintech community. This has been the key to our growth.” Daniela Lascurain, COO and co-founder of Zumma, said:
20/20 about money
Launched by industry players in 2012, Money20/20 quickly became the center of the global fintech ecosystem. Over the past decade, some of the most innovative and fast-moving ideas and companies have driven growth on our platform. Mastercard, Airwallex, JP Morgan, SHIELD, GCash, Stripe, Google, VISA, Adyen and more have made transformative deals and increased our global profile. Money20/20 brings together leaders from the world’s largest banks, payments companies, VC firms, regulators, and media platforms to seal industry-shaping deals, build world-changing partnerships, and unlock opportunities that will define the future. will gather in Las Vegas (October 27th to April 30th, 2024), Bangkok (April 22nd to 24th, 2025), and Amsterdam (June 3rd to 5th, 2025). Money20/20 recently launched Twentyfold, a digital intelligence product containing the world’s deepest and most extensive repository of fintech startup data. Money20/20 is where the world’s fintech leaders come together to grow their brands. Money20/20 is part of Ascential plc.
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