London, United Kingdom, November 30, 2023 /EINPresswire.com/ – FintechOS, a trailblazer in fintech enablement, is proud to announce its recognition as a Representative Vendor in the Gartner Market Guide for Commercial Loan Origination Solutions (CLOS) for 2023.

“We are thrilled to be recognized in Gartner’s Market Guide. We believe this acknowledgment underlines FintechOS’s commitment to simplify financial technology for banks and credit unions and reflects our continuous effort to empower financial institutions with advanced, yet accessible technology,” said Teo Blidarus, CEO and Co-Founder of FintechOS. “Our platform is not just a tool: it’s a catalyst for transformation, enabling our clients to stay ahead in a rapidly evolving market.”

FintechOS’s platform is designed to simplify and accelerate end-to-end financial product management. It enables banks to decouple product and experience innovation from their core systems, thereby extending the life of legacy systems. Focusing on speed, personalization, and ecosystem integration, FintechOS empowers banks and credit unions to drive rapid innovation and deliver outstanding customer experiences. This includes enabling financial institutions to grow deposits through differentiated digital account opening solutions, compete better with modernized lending products, and enter new markets by taking advantage of new business models.

The Gartner report highlights key trends in the commercial loan origination space:

• The competitive landscape of commercial loan origination solutions is being reshaped through partnerships and ecosystems, leading to greater collaboration between fintechs and incumbent vendors and thus an expansion of capabilities.
• As banks seek best-of-breed services from different vendors, commercial loan origination solution (CLOS) platforms become more crucial, given their ability to easily integrate a variety of services. Tech vendors are thus moving toward a flexible software design with composable architecture that’s easy to update or modify, often leveraging small, independent modules known as microservices.
• Technologies such as AI, advanced data analytics, and open APIs are enhancing CLOSs by enabling more tailoring, more accurate decisioning, hyper personalized experiences for borrowers, and reduced fraud.
• CLOSs are also enhancing hyperautomation of the lending process with machine learning algorithms, thus helping expedite credit risk assessments, automate document verification, and streamline compliance checks.”

We believe FintechOS’s inclusion in this report is a testament to its innovative approach in transforming the financial services industry, reinforcing its position as a leading player in the fintech space.

Gartner, Market Guide for Commercial Loan Origination Solutions, Agustín Rubini, Derek Frost, 6 November 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About FintechOS:
FintechOS’s fintech enablement platform simplifies and accelerates end-to-end product innovation, enabling banks and insurers to decouple product and experience innovation from monolithic systems, extending the life of their legacy systems. With a focus on speed, personalization, and ecosystem integration, FintechOS empowers businesses to achieve rapid innovation and deliver exceptional customer experiences. With over 50 customers, the company serves renowned clients and partners worldwide, including Groupe Société Générale, Admiral Insurance Group, and Howden Group. FintechOS solutions have empowered these partners to streamline operations, launch ground-breaking products, and significantly enhance customer satisfaction.

Austin, Texas – (November 20, 2023) – TurnKey Lender, a global provider of AI-powered lending automation and risk management solutions, is recognized as a Leader in four IDC MarketScape reports devoted to decisioning and lending automation for consumer and commercial lenders in North America. 

• IDC MarketScape: North American Consumer Lending Decisioning Platforms 2023–2024 Vendor Assessment (doc # US51322623, November 2023) 
• IDC MarketScape: North American Consumer Lending Customer Experience Solutions 2023–2024 Vendor Assessment (doc # US51322723, November 2023) 
• IDC MarketScape: North American Small Business Lending Decisioning Platforms 2023–2024 Vendor Assessment (doc # US49787523, November 2023) 
• IDC MarketScape: North American Small Business Lending Customer Experience Solutions 2023–2024 Vendor Assessment (Doc# US49787323, November 2023) 

IDC is one of the most respected global market intelligence firms known for its comprehensive and reliable data, offering insights into global market trends and technology. Their research methodology and data collection approaches aim at providing accurate, actionable intelligence.  

While TurnKey Lender platform is used by lenders in 50+ countries, North America is the fastest growing market for the company. Inclusion in these competitive MarketScape reports is an important recognition of the growing role of TurnKey Lender’s consumer lending software, commercial lending software, and AI-powered credit scoring and decisioning in North America. 

“Working hands-on with lenders who use TurnKey Lender, I see the enormous positive impact it has on their operational costs, portfolio trends, and risk levels.” says Elena Ionenko, COO and co-founder of TurnKey Lender. “Our team is dedicated to becoming the global go-to engine for digital lending businesses. And our inclusion as a leader in these IDC MarketScape reports is an inspiring reflection of the improvements lenders who use TurnKey Lender see.” 

About the IDC MarketScape: 

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors. 

About TurnKey Lender 

TurnKey Lender is a global platform that automates lending processes for consumer and commercial finance providers. Non-bank, embedded, and traditional lenders use it as an infrastructure to serve ~100 million borrowers worldwide. The platform automates loan origination, underwriting, servicing, debt collection, and reporting which allows creditors to profitably grow while reducing operational costs and credit risk. Loan decisions and business intelligence powered by proprietary AI ensure accurate credit scoring and increase loan collectability.

Berlin, 20 September 2023 – KYP.ai, the Productivity 360 plug-and-play cloud platform that provides data-driven insights for process automation, today announced the completion of a Series A investment round, bringing total capital raised to date of EUR17.5 million. The Series A round was led by OTB Ventures, Europe’s leading deeptech VC firm, and joined by existing investors 42CAP and US-based investor, Tola Capital.

Founded in 2018 and headquartered in Germany, KYP.ai applies artificial intelligence (AI) to collect and surface impactful productivity insights for leading enterprises such as DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global, and Alorica to improve their top and bottom line.

The Series A investment round for KYP.ai reflects its momentum on five continents serving the technology, insurance, healthcare, utilities, business process outsourcing (BPO), and logistics sectors. The Productivity 360 platform provides organisation-wide, live visibility at scale across all business software platforms and systems, generating real-time insights to boost productivity in a challenging macroeconomic environment,

KYP.ai deploys its AI-powered enterprise software to collect organisations’ data for productivity insights on people, process and technology, resulting in ROI typically within three months. Processing high volume, real-time data, KYP.ai demonstrates a strong track record of delivering a 34% increase in process automation and 26% cost optimisation. Its software also boosts process standardisation by 78% and efficiency by 32%, representing further cost savings for customers. “By digitally capturing events data and enabling remote process discovery, KYP.ai facilitated digital value stream mapping virtually and at scale, streamlining operations and saving valuable time and resources.” says Krishna Ramkrishnan, Director & Head of Operational Excellence at Mindsprint BPS.

The new funding will support KYP’s ambitions to scale its operations in the US as well as deepening its customer base and operations in Europe, India, Singapore, and China. The investment will also empower KYP.ai to promote and further expand its latest feature of GenAI opportunity identification. This cutting-edge KYP.ai add-on has already demonstrated substantial cost savings within the piloted CIO departments.

Adam Bujak, CEO and co-founder of KYP.ai, said:

“Today is an important milestone for KYP.ai as we are scaling our business globally. We look forward to partnering with our new and existing investors to deliver our productivity 360 vision to customers in new markets and continue to enable business leaders to make deeply informed and responsive decisions to drive value and cost savings as they navigate the current business environment. ”

Adam Niewiński, Managing Partner and co-founder of OTB Ventures, said:

“The future lies in leveraging emerging tech to measure productivity, no matter the location. That’s where KYP.ai steps in. Armed with real-time data, this AI-based platform empowers top executives to stay ahead of the competition and kick starts a productivity revolution.”

CLICK HERE to read more

About KYP.ai

KYP.ai is a productivity 360 SaaS player, offering a cutting-edge platform that empowers businesses to unlock the full potential of their processes, people, and technology. With a multidimensional approach, KYP.ai helps companies get a 360-degree view, connecting the dots and navigate the complexities of today’s business landscape.

The Space industry is growing fast and ClearSpace is leading 🚀 Our portfolio company has just announced its first expansion beyond Europe, bringing core technologies to US market for both public and private sectors.

Supported by European Space Agency – ESA with a prime contract worth $100M, ClearSpace:

• Is developing the world’s first orbital debris removal mission
• Built a team of 100 talented people with offices in 4 countries in Europe
• Is working on other missions including a mission with Intelsat to extend the life of a satellite in geosynchronous orbit

Congratulations on the new US expansion! We wish you plenty of innovative collaborations in the future that will strengthen sustainable space industry.

More on the news: https://lnkd.in/e9t2qc6Y
More on ClearSpace: https://clearspace.today/

Data is becoming as precious as water in precision agriculture, and Hydrosat aims to help provide both with a new set of Earth observation satellites. The company has raised a $20 million A round, including $5 million in non-dilutive funding, which should put the first two thermal infrared satellites into orbit.

The company’s mission is to provide customers from agribusinesses to the government real-time thermal infrared data, which can be used for solutions from drought prediction to ecosystem monitoring to disease vector mapping.

“The ability to track water stress and climate impacts in real time is a critical pain point for Hydrosat’s agribusiness, financial and government customers,” Hydrosat CEO Pieter Fossel tells TechCrunch. “This need is only being felt more acutely with the increasing pace of extreme weather events brought on by climate change and increasing instability in global food supply chains from geopolitics and the war in Ukraine.”

Currently, Hydrosat develops crop yield forecasts and irrigation management solutions based on open Earth observation datasets. But those datasets are relatively infrequently updated and usually somewhat low resolution. So Hydrosat’s next step is developing its own 16-satellite constellation that will provide constant high-resolution thermal images from space to improve the solutions for customers.

Led by Statkraft Ventures, with additional participants including Blue Bear Capital and Hartree Partners, this funding will “accelerate the commercial go-to-market of Hydrosat’s two core analytics solutions,” says Fossel, nodding to the crop yield forecasts and irrigation management tools.

But it will also go toward the launches of VanZyl-1 and VanZyl-2, the company’s first fully operational commercial satellite missions. Both missions are due to launch next year, with VanZyl-1 securing a flight with Loft Orbital. The funding builds the company’s $15 million seed from 2021.

“Hydrosat flew a prototype thermal infrared mission in January 2021 on a stratospheric balloon at 20-kilometer altitude with support from the U.S. Air Force Space Test Program. That prototype mission flew and imaged successfully at altitude,” says Fossel. “The stratospheric mission served as a major risk reduction milestone for Hydrosat’s first two on-orbit missions and paved the way for subsequent funding and development.”

Once operational in orbit, the satellites will provide “analytics-ready, science-quality data of the entire Earth,” according to Fossel. And that data will provide even richer insights for Hydrosat’s growing client base.

Source: TechCrunch, Stefanie Waldek @stefaniewaldek

Hydrosat Info: www.hydrosat.com LinkedIn Twitter

We are always happy to see our portfolio companies thriving! 🚀

We are thrilled to share the news that our portfolio company Fractory was featured in FT 1000: the 7th annual ranking of Europe’s fastest-growing companies, being positioned in the top 50 with a CAGR of 209.4%.

Congratulations to the Founders Joosep Merelaht Martin Vares Rein Torm and the entire Fractory team for such a spectacular recognition 🎉

Read more here 👉 https://www.ft.com/ft1000-2023?shareType=nongift

SettleMint’s high performance low-code platform for building blockchain applications has seen accelerated adoption in Europe, MEA, India and Singapore in both public and private sectors. This investment will be used to solidify SettleMint’s unique position in current markets, fuel international expansion and power the expansion of SettleMint’s partner program.

• SettleMint to add 60 to headcount globally and start operations in Japan.
• SettleMint’s high-performance low-code platform for building blockchain applications has seen accelerated adoption in Europe, MEA, India and Singapore in both public and private sectors.
• SettleMint will use investment proceeds to solidify its unique position in current markets, fuel international expansion and power the expansion of SettleMint’s partner program.

Featured in the photo on the right are SettleMint founders: Matthew Van Niekerk and Roderik van der Veer 

SettleMint, the blockchain application development platform for private and public sector, today announced it has raised 16 million in Series A funding. The oversubscribed, up round was led by Molten Ventures, a leading venture capital firm whose investments include UiPath, Thought Machine, Ledger Shape Shift and Revolut.

Molten Ventures is joined in the round by new investors in SettleMint including co-lead investor OTB Ventures, as well as Fujitsu Ventures, Allusion and Bloccelerate and existing investor Medici Ventures, L.P.

SettleMint has established itself as the category defining platform for blockchain application development for enterprise and is trusted by leading banks, financial services providers, global retailers, manufacturers and by innovators in the public sector.

Built from the ground up to simplify the development and implementation of complex blockchain applications, SettleMint has been recognized by Gartner as a ‘Cool Vendor’ and  featured in the Gartner Blockchain Hypecycle for the past two consecutive years. SettleMint has also been recognized as a ‘Low-Code Trailblazer’ by Everest Group and selected by the World Economic Forum as a “Global Innovator” in the blockchain space.

SettleMint intends to use the investment proceeds primarily to solidify the company’s position in Europe (Belgium), MEA (Dubai), India (Delhi) and Singapore and fuel expansion into the Japanese market. Globally, SettleMint intends to add 60 new team members. SettleMint will also use the funds to keep its market leading platform two steps ahead to continue meeting the complex requirements of its clients by strengthening further its high performance low-code offering.

Featured in the photo on the left is the Strength in diversity: Over 40 SettleMinters, representing 19 nationalities took part in the company off-site in Portugal

As the NFT and metaverse hype of blockchain cooled in H1 2022, the world has become focused on utilizing the underlying technology to deliver business and societal value rather than short term speculative gains. According to a recent poll (Deloitte Survey, 2018), more than half (59%) of companies believe that their industry will be impacted or disrupted by blockchain technology and are eager to get ahead on the adoption curve to improve efficiency, remove redundant processes or capture new revenue streams. However, companies are confronted with the reality that only 1% of developers have experience building on blockchain technology.  With the acute shortage of capable developers, SettleMint provides a new and better option to build specialized blockchain teams or hiring expensive consultants.

SettleMint is a high performance low-code developer platform that abstracts away complexity to enable non-blockchain developers to build value creating applications rapidly and easily on web3 infrastructure. As the world moves beyond the hype, SettleMint enables developers to think big, start small and scale fast moving from use case concept to production in weeks rather than months or years.

Matthew Van Niekerk, SettleMint Co-Founder and CEO said: 

“When we launched SettleMint in 2016, we saw the benefits that companies would gain from integrating blockchain applications into their existing systems but also knew that there was no easy way for developers to achieve this. Let’s face it, blockchain application development is hard. As practitioners, we also recognized the repeated and predictable challenges that every blockchain implementation faces and that enterprise grade implementations have very high security, scalability and interoperability requirements. SettleMint meets these standards and provides tools for the challenges that take away complexity to make blockchain application development easy, enabling companies to get ahead of the curve and quickly capture the benefits. Our latest financing round will enable us to accelerate growth and further support companies in capturing the benefits that blockchain offers for them and for their customers.”

Roderik van der Veer, Co-Founder & CTO, SettleMint said:

“As with any innovative technology, bringing these radically new and rapidly changing technologies into enterprise environments poses a massive challenge for technical departments. SettleMint’s platform merges these worlds into a first-class platform, running everywhere, anytime, with a top-of-the-line developer experience. This funding round allows us to push the boundaries further and strengthen our customer success operations.”

Vinoth Jayakumar, partner at Molten added:

“SettleMint is enabling enterprises to drive real business value from decentralised applications built on blockchain technology. While there is massive demand to implement blockchain solutions and applications, there is an equivalent shortage of blockchain expertise. SettleMint bridges that gap by allowing developers to build web3 products and focus on end-product business use cases, not on underlying complex blockchain infrastructure. We’re extremely excited to back SettleMint in building the leading web3 development platform for decentralised applications.”

Marcin Hejka, general partner & co-founder at OTB Ventures shares: 

“Application of blockchain into enterprise opens up massive transformational opportunities. Blockchain technology can offer higher scalability as well as better security and improved efficiency for a growing number of enterprise use cases. At the same time, implementation of blockchain in an enterprise environment is not easy. SettleMint combines unprecedented technical expertise together with profound understanding of enterprise clients’ needs. SettleMint’s team is perfectly positioned to deliver the long awaited blockchain value to enterprise clients and we’re extremely excited to assist them along this way!”

About SettleMint:

SettleMint is a high performance low-code platform for blockchain application development that empowers engineering teams to build, integrate and launch applications on web3 infrastructure. SettleMint is the answer to move rapidly and easily from use case concept to business case realisation in a fraction of time and risk than any other solutions can offer. Blockchain, made easy.

The platform is a full-fledged Blockchain-Platform-as-a-Service solution. SettleMint offers not only a deployment environment, but also a complete development, middleware environment and an integration studio,  all available over the internet.

The high-performance low-code platform makes it easy for IT teams to deliver blockchain applications rapidly, taking a visual development approach to deploy nodes, create new or customize smart contract templates, integrate end-user applications and program complex and data integration flows with the 4000+ pre-built, fully configurable connectors. The platform includes a suite of ready-to-use tools, frameworks, templates, and APIs to speed up the development of any blockchain use case and give the most optimal user experience to developers.

SettleMint is a portfolio company of Medici Ventures, L.P., a blockchain-focused fund. The general partner of that fund is an entity affiliated with Pelion Venture Partners. Overstock.com, Inc. (NASDAQ:OSTK) is the sole limited partner of Medici Ventures, L.P.

For any questions or more information: hello@settlemint.com

How wonderful that we can share this with you already!

We have another exit in our portfolio and we would like to congratulate Minit Process Mining on the acquisition by Microsoft.

James Dening, Rasto Hlavac, Christian Morales,Jaroslav Zubák, Zuzana Vancova, Michal Rosik – It was an honor for OTB Ventures to be part of Minit’s journey! All the Best as part of the Microsoft family!

Additionally, we would like to thank our co-investors. It has been great working together!
Earlybird Venture Capital : Roland Manger, Dan Lupu, Cem Sertoglu, Target Global, Yaron Valler, Dr. Ricardo Schäfer, Salesforce Ventures, Alex Kayyal and Nowi Kallen!

Read more: https://blogs.microsoft.com/blog/2022/03/31/microsoft-acquires-minit-to-strengthen-process-mining-capabilities/

image source: https://www.minit.io/