Modyo | December 29, 2021
It gives us great pleasure to announce today that TODO1/iuvity’s solutions will have the frontend digital financial experience powered by Modyo integrated with TODO1/iuvity’s Open Service Platform. With more than 20 years of digital financial experience, TODO1 is an industry leader powering important financial institutions in Latin America that have served more than 21 million digital customers in the past 12 months.
TODO1/iuvity and Modyo are providing clients and partners with a very compelling value proposition. Modyo’s frontend financial platform combined with TODO1/iuvity’s Open Service Platform’s APIs will give our clients flexibility and acceleration. Time to market can be reduced dramatically while helping to power next-gen digital financial solutions, leveraging the right architecture in the cloud.
The first phase of the joint effort will be to launch new ready to go financial experiences offered by TODO1/iuvity. Designed based on years of know-how in the financial services industry, TODO1/iuvity’s OSP provides over 300 rich and extensible APIs that can be leveraged to create unique solutions that meet the most demanding digital financial needs. Customer journeys can be customized by orchestrating business flows, linking existing or 3rd party services and adjusting the visual components to create an exceptional user experience. Additionally, the TODO1/iuvity Open Service Platform’s communication layer allows for quick integration to back-end core systems. Modyo will be the Front End, flexible experience layer connecting to TODO1/iuvity’s ready to go APIs.
Comments on the News
“TODO1 and Modyo have the ability to power a complete digital banking ecosystem,” said Mark Bonnell, CEO of Modyo. “Our frontend platform with a growing catalog of Financial Experiences integrated with TODO1’s Open Service Platform API’s will help financial institutions accelerate their digital transformation.”
This partnership is aligned with our goal of working with exceptional talent to build state of the art products. We are excited to join forces with Modyo to continue being at the forefront of user-centric technologies that empower businesses to better serve their customers.”
Felipe Uribe, CEO of TODO1/iuvity.
About TODO1 and iuvity
TODO1 is a leading technology company servicing key financial institutions in America. A growing number of over 21 million digital customers in the financial sector count on TODO1's solutions. With an exceptional track record, TODO1 delivers innovative and secure solutions through digital channels to financial institutions that want to positively transform the lives of their customers in Latin America and the US. At TODO1 we seek to humanize the relationship between people and their financial world by delivering digital channel solutions designed to facilitate their use and adoption. iuvity is a new brand created by TODO1 focused on the North American market.
Modyo is a fast growing software company that helps digital leaders from financial institutions & large enterprises transform their web and mobile channels with a lightweight, fast and secure next-gen frontend platform. With 130 employees today spread across 3 continents, Modyo accelerates digital transformation for clients and partners. For Financial Institutions, Modyo’s platform makes it easy to create and orchestrate digital experiences built through Micro Frontends that connect to API’s to help Financial Institutions transform faster and build amazing digital customer experiences
Quint | June 01, 2021
Global fintech Quint Group is set to join Bruntwood SciTech’s rapidly growing tech community at Glasshouse, Alderley Park.
Quint owns and operates a number of fintech businesses which are focused on improving access to credit. The business, which, as well as in the UK, has operations in San Diego, Warsaw, Foshan, Sydney and Cape Town and clients that include major financial services providers like Goldman Sachs, Shawbrook Bank and Admiral, will move its HQ to Glasshouse to support its ongoing growth.
Established in 2009, Quint Group is part of the UK’s fast growing fintech sector, which contributes over £11bn to the economy per year. Greater Manchester, was recently named the largest regional fintech ecosystem by Whitecap consulting, with over 150 firms employing over 8,000 people.
Quint has taken close to 12,000 sq ft of office space at Glasshouse, which is home to businesses specialising in AI, digital health, life sciences, and software development, and digital communications and animation including Lokulus, Regit and Currentbody.
Quint will join Bruntwood SciTech’s community of over 500 science and tech businesses across the UK, including those in other fintech hotspots in Leeds and Birmingham. This includes access to business support and community programmes that help firms to find talent, collaborate and enter new markets.
Alderley Park is also home to many amenities, including a gym, 400 acres of scenic woodland offering walking, running and cycling routes, coffee shops and a newly opened pub and restaurant, The Churchill Tree.
Mike Ransom, Quint Group managing director, said: “For over a decade, and despite a challenging 2020, Quint Group has successfully gone from strength to strength and our old office no longer suited our need for a more flexible and collaborative workspace. After a careful review process, we selected Glasshouse at Alderley Park for our new UK HQ.
“Innovation is what powers our business and so becoming part of an ecosystem of like-minded businesses at Alderley Park will be great for us. And on a more tangible level, it’s a beautiful environment with brilliant amenities that will mean our team is excited about coming into the office.”
Kath Mackay, managing director of Bruntwood SciTech – Alderley Park, said: “Glasshouse has been specifically designed for digital and tech businesses, providing space to collaborate, network and grow. It’s the perfect place for Quint to kick start its ambitious growth plans.
“To see a business such as Quint relocate from Macclesfield to Alderley Park is a real endorsement of the community we’ve created here, with co-location playing a major part in their decision to move. It’s also a sign of the strength of the wider fintech ecosystem in Greater Manchester and its growing contribution to the UK’s global reputation.”
Greg Cox, founder & CEO of Quint Group, added: “Our move to Glasshouse allows us to provide a world class working environment for our fantastic staff in a space that represents where we are and where we are going as a business. I see our move as the start of an exciting new chapter in our growth story.”
Since it was established, Quint has won numerous awards including The Queen’s Award for Enterprise, recognising its growth and international reputation and regularly appears in the Sunday Times Top 100 Companies To Work for list.
Hallams Property Consultants advised Bruntwood SciTech on the letting.
Hallams, Colliers and OBI are agents on Glasshouse.
Versapay | April 20, 2022
Versapay, the leader in Collaborative Accounts Receivable, announced today it has completed its acquisition of U.S.-based fintech company DadeSystems. The acquisition broadens Versapay's suite of accounts receivable (AR) automation solutions and expands its AI and machine learning capabilities. It also expands the company's enterprise and mid-market footprint while adding key talent to the growing Versapay team.
We are very excited to welcome DadeSystems' employees, customers, and partners to Versapay, Versapay and DadeSystems have enjoyed a successful partnership for some time, and most importantly we share a common vision for the digitization of the AR process. Together, we can accomplish even more to close the digital transformation gap in AR, optimizing our clients' cash flow and driving operational efficiencies."
Craig O'Neill, CEO, Versapay.
DadeSystems has been a long-term technology partner of Versapay. The company's flagship DadePay cash application software automates one of the most challenging parts of AR by streamlining the receipt, matching, and reconciliation of payments no matter how they are received, and is already embedded in Versapay's cloud-based, automated AR platform. Now, all DadeSystems solutions, including mobile offerings, will be available to Versapay's clients and partners. By adding DadePay solutions to Versapay's Collaborative AR Network, enterprises can digitize and automate all their customer payments, including checks, bank-to-bank transfers, credit cards, and mobile payments.
The combined company automates more than $60 billion in payment volume annually and has achieved rapid revenue growth in the past 12 months. DadeSystems investor, Ten Coves Capital, is rolling its stake into Great Hill Partners-backed Versapay, while both Great Hill Partners and Ten Coves Capital are contributing additional capital to fund the acquisition.
This acquisition will give Versapay an unmatched, comprehensive suite of AR automation solutions, perfectly positioning the company to capture the growing market opportunities, We look forward to a successful partnership as these innovators come together to revolutionize the way accounts receivable teams work."
Matt Vettel, Managing Director, Great Hill Partners.
DadeSystems predominantly serves upper mid-market and enterprise customers, including two of the ten largest U.S. food distributors, two of the ten largest U.S. building materials and nine of the sixty-five largest U.S. banks in addition to being a technology provider for Wells Fargo's and Fifth Third's accounts receivable automation solutions. DadeSystems also brings important partners to Versapay, such as Fiserv, to support the company's rapid growth.
We are thrilled to become part of Versapay, The accounts receivable function has been desperately in need of a workflow revolution. The cloud-based solutions that both our teams have introduced are making this happen. By joining forces, we will see even faster growth and a bigger impact on the industry's digital transformation."
Bill Zayas, CEO, DadeSystems.
The DadeSystems team will continue to operate in Miami and will be fully integrated with Versapay's North American teams.
Alston & Bird LLP acted as legal advisor to Versapay. William Blair acted as exclusive financial advisor and Morris, Manning & Martin LLP acted as legal advisor to DadeSystems.
Versapay is the leader in Collaborative Accounts Receivable (AR). The Versapay Collaborative AR Network is the first solution that empowers the genius of teams by bridging the gap between suppliers and buyers through a shared, digital experience. Versapay's AR automation solutions and next-generation B2B payments network makes billing and payments easier for enterprises, increasing efficiencies, accelerating cash flow, and dramatically improving the customer experience. Versapay has offices in Toronto, Atlanta, London, Amsterdam, and Sydney, and is owned by Great Hill Partners, a Boston-based technology investment firm.
DadeSystems helps businesses unlock the possibilities of smarter AR. Today's AR teams are challenged by complex business payment processes. The DadePay suite of integrated AR automation solutions can quickly solve finance leaders' most pressing AR challenge—manual cash application. With an easy implementation, straight-through cash posting rates of 90%+, and award-winning mobile capabilities, DadePay is used by hundreds of businesses across industries to receive, match, and apply any payment from any channel. AR teams gain efficiencies that drive scalability, reduce payment processing costs, improve customer payment experiences, and provide faster access to cash. Seven of the top sixty-five North American financial institutions deliver the market-leading DadePay solution to their corporate customers.
About Great Hill Partners
Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors. Over the past two decades, Great Hill has raised over $12 billion of commitments and invested in more than 90 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has recently been recognized for its industry leadership, being ranked #5 in the 2021 HEC - DowJones Private Equity Performance Ranking, which evaluated fund performance of 517 leading private equity firms between 2008 – 2017.
CapIntel | January 25, 2022
CapIntel, a financial technology (Fintech) company that supports wholesalers and financial advisors in their day-to-day workflow to deliver top-tier client service, today announced a partnership with Equitable Life. Leading companies are constantly evaluating how to remain relevant and thrive as the world evolves, and this partnership demonstrates Equitable Life’s commitment to constantly push what best-practice looks like in the financial services industry.
For more than 100 years Equitable Life has worked with advisors to support Canadians with their financial goals. As a mutual company, with no other competing interests, Equitable Life’s duty and priority rests only with clients. CapIntel’s intuitive platform is helping Equitable Life meet this commitment by enabling wholesalers and financial advisors to build, analyze, and compare portfolios and deliver personalized recommendations. The CapIntel platform streamlines these processes helping wholesalers and financial advisors have stronger, more transparent conversations with clients leading to the best client results.
“We are committed to continuously finding ways to leverage technology for the benefit of our clients and partners,” said Cam Crosbie VP, Savings and Retirement at Equitable Life of Canada. “CapIntel provides an intuitive, powerful platform that our wholesalers and advisor partners can use to grow their business by focusing on the client experience and cultivating meaningful relationships.”
The Equitable Life partnership comes at the heels of CapIntel’s partnership with IG Wealth Management and a strategic relationship with The Canada Life Assurance Company (Canada Life). This momentum signals accelerated movement among Canadian financial services leaders increasing their work with fintech companies to enhance advisor and client experience.
“Having a Canadian mutual financial services leader, like Equitable Life, use CapIntel to boost wholesaler and financial advisor effectiveness is a testament to our platform’s value,” said James Rockwood, Founder and CEO of CapIntel. “In this digital age, there is an increased desire amongst financial services companies to work more effectively using technology. Established financial services companies are advancing their capabilities through partnerships with fintechs, and we are proud to support these companies and accelerate their digital evolution.”
With over 10,000 financial advisors and 500 wholesalers now using the CapIntel platform, Canadians are experiencing the benefits of working with financial advisors who provide an efficient, personalized, and transparent experience.
As this momentum in the financial services industry continues, CapIntel will continue to develop the platform to meet the needs of wholesalers and financial advisors. Most recently, this included the addition of a client focused reforms (CFR) module released in Q4 of 2021 to support financial advisors with new compliance regulations.
CapIntel is a Toronto-based financial technology company leading the way in developing intuitive, web-based applications for financial professionals. Founded in 2017, CapIntel has been on a mission to elevate personal finance, and a significant part of this means growing wealth through investments. CapIntel's platform helps financial advisors provide better service to their clients so they can get a better understanding of their investments and feel at ease knowing their future is secured. With over 10,000 advisors and 3 of the 5 Big Banks in Canada on their platform, CapIntel is transforming the advisor-client experience.
About Equitable Life
Canadians have turned to Equitable Life since 1920 to protect what matters most. We work with independent advisors across Canada to offer individual insurance, savings & retirement, and group benefits solutions to meet your needs.
Equitable Life is not your typical financial services company. We have the knowledge, experience and ability to find solutions that work for you. We’re friendly, caring and interested in helping. As a mutual company, we are not driven by shareholder pressures for quarterly results. This allows us to focus on management strategies that foster prudent long-term growth, continuity and stability. We are dedicated to meeting our commitments to clients – now and in the future.