Latest News

2016 CNBC Disruptor 50 Features Klarna, Kabbage, Twilio, and Motif Investing

What does it take to win a spot on the 2016 CNBC Disruptor 50? Ask alternative online broker Motif Investing. They’ve done it three times in a row.

“We’re very proud to be continuously recognized by CNBC for our hard work and commitment to making smart investing easy,” Motif founder and CEO Hardeep Walia said. “The CNBC Disruptor list is a well-respected industry benchmark and we’re honored to be ranked on the list for the past three years.”

Or check with cloud communications and authentication specialist Twilio, a FinDEVr alum (FinDEVr San Francisco 2015) enjoying its third consecutive year on CNBC’s Disruptors List of companies “whose innovations are revolutionizing the business landscape.”

Sponsored by Nasdaq, the CNBC Disruptor 50 for 2016 was released last week. And among some of the easy-to-call favorites like Uber and SpaceX to Snapchat, there are a few familiar faces – especially to fans of Finovate and financial technology. This year more than 750 companies competed for the 50 spots in CNBC’s Disruptor roster. Combined, the 50 companies in this year’s roster buy levitra with dapoxetine have raised more than $40 billion in venture capital and have an implied market valuation of $242 billion. Joining Motif Investing and Twilio in this year’s roster are alums Klarna at #8 and Kabbage at #35. This marks Klarna’s second year in a row on the list, and Kabbage’s first.

Klarna was featured earlier this month in PYMNTS.com in a look at the tech scene in Stockholm and, in May, the company’s CEO Sebastian Siemiatkowski was interviewed in BankNxt. Klarna announced a partnership with UK e-commerce provider, EKM in April. CNBC Disruptor 50 newcomer Kabbage just reached $2 billion in loans underwritten last month. Also in May, Kabbage announced a partnership with fellow Finovate alums OnDeck and CAN Capital to launch a pair of new initiatives: the Innovative Lending Platform Association and Smart Box. Both projects are geared toward improving transparency between online lenders and borrowers. In April, Kabbage teamed up with Santander to bring same-day financing to small businesses in the U.K.

This article was originally posted on Finovate Blog.
Please follow and like us:
error

Related posts

Are Klarna More Than Just Another Banking Service?

The Fintech Times

Belarus Legalizes ICOs, Cryptocurrencies and Smart Contracts

thefintechtimes

SmartSearch Named in The FT 1000 Annual List of Europe’s Fastest-Growing Companies

The Fintech Times
error

Enjoy this blog? Please spread the word :)