PreSeries Predicts! Our A.I.’s Ranking Of The Top 10 Startups in FinTech

Originally published on Medium

PreSeries predictive algorithms crawl the web hungry for startup information. So far, almost 400k companies have been ruthlessly processed, scored, and ranked. Today, we offer you a sneak peek at the PreSeries Dashboard and our latest ranking of the Top 10 startups in FinTech from around the globe.

Top 10 Startups in FinTech

PreSeries’ Company Ranking — FinTech (March 9, 2018)

Do you agree/disagree with the ranking? Let us know your thoughts on Twitter with the hashtag #PreSeriesPredicts

1 — Nubank

Nubank is the leading fintech in Latin America. Using bleeding-edge technology, design and data, Nubank is committed to fighting complexity and empowering Brazilians to take control of their finances. Over 8 million people have applied for its mobile-controlled credit card since its launch on September 2014. Located in the Pinheiros region of São Paulo, Nubank has raised USD 180 million in investment rounds led by Sequoia Capital, Founders Fund, Tiger Global, Kaszek Ventures, Goldman Sachs, QED Investors and DST Global.

PreSeries’ overall scoring of Nubank over time

2 — StreetShares

StreetShares offers unique financial solutions for America’s heroes and their communities. StreetShares’ technology captures the social loyalty that exists within the military community and harnesses that trust to lower risk in financial transactions. StreetShares provides a suite of specialty finance products focused on the military and veterans market, including small business funding, lines of credit, and alternatives to VA small business loans for vet-owned businesses. StreetShares is also a factoring company offering invoice factoring and account receivables financing for the government contract (GovCon) community, as well as the StreetShares Patriot Express® program. StreetShares offers alternative investments, including a veterans social-impact investing product called Veteran Business Bonds. StreetShares is veteran-run and located outside of Washington, D.C.

PreSeries’ overall scoring of StreetShares over time

3 — Bond Street

Bond Street is a startup focused on transforming small business lending through technology, data and design. Small business owners are the foundation for growth in our economy, and yet today’s banking system has left them behind. They’re building a better future where access to financing is simple, transparent and fair. They’re backed by a renowned group technology and financial services investors and are building a world-class team in New York City.

PreSeries’ overall scoring of Bond Street over time

4 — Shufti Pro

ShuftiPro is a digital identity verification application that offers an intelligent mechanism for the verification of ID card, Passport, Driving License, and Credit/Debit card. Their mission is to enable businesses eliminate customer’s identity frauds and increase their profitability. ShuftiPro is an online verification application designed to minimize online identity frauds while providing businesses a viable solution to trim down the risks involved while maintaining KYC. It has specifically helped online merchants in making online transactions secure. ShuftiPro is currently supporting 150+ languages in more than 150 countries.

PreSeries’ overall scoring of Shufti Pro over time

5 — Bancor

Bancor Protocol™ is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “Connector” method to enable formulaic price calculation and continuous liquidity for all compliant tokens, without needing to match two parties in an exchange. Smart Tokens™ interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, please visit the website and read the Bancor Protocol™ Whitepaper.

PreSeries’ overall scoring of Bancor over time

6 — Cadre

Cadre provides superior access and insight to the universe of alternative investments. Founded in 2014 by Ryan Williams, Cadre is a marketplace where investors benefit from greater transparency, actionable information, lower fees, and more flexibility. The company’s innovative technology drives efficiency and powers insight for its participants. Cadre has raised approximately $135M in funding and transacted on several hundred million dollars worth of investments to date.

PreSeries’ overall scoring of Cadre over time

7 — Proplend

Proplend’s FCA approved peer to peer lending platform connects investors direct to creditworthy borrowers — enabling investors to earn attractive returns and borrowers to gain access to funding that may not otherwise be available. Investors choose which loans and borrowers to lend to, investing to the loan to value-based risk tranche(s) they’re comfortable with. All loans are secured by income producing UK commercial property.

PreSeries’ overall scoring of Proplend over time

8 — Spotcap

Spotcap empowers small business owners with tailored finance, allowing them to focus on what really matters — their business. The company assesses the real-time performance of businesses to grant short-term credit lines. Headquartered in Berlin Germany, Spotcap launched in Spain in September 2014 before expanding to the Netherlands and Australia in 2015, the UK in 2016 and New Zealand in 2017. The company is led by Founder and CEO Jens Woloszczak. The growing team currently consists of more than 120 employees globally. Spotcap is backed by a number of world-class investors including Rocket Internet, Finstar Financial Group, Access Industries, Holtzbrinck Ventures and Heartland Bank.

PreSeries’ overall scoring of Spotcap over time

9 — Octane Lending

Octane Lending is a point of sales finance and insurance marketplace that helps salesmen help their customer’s obtain financing. They are currently focused on the recreational market (motorcycles, ATVs, UTVs, Personal watercrafts, boats, RVs and snowmobiles). Their web based platform helps dealers save time by eliminating the need to rekey customer information and helps move more units by opening dealerships to more prime/subprime lending sources. They leverage their large merchant network to act as an efficient compliment to lenders’ existing loan origination systems.

PreSeries’ overall scoring of Octane Lending over time

10 — Kasisto

Kasisto leverages decades of research and development in artificial intelligence. KAI Banking enables financial institutions to add virtual assistants and smart bots to their mobile apps and leading messaging platforms. With an emphasis on great user experience, KAI-powered virtual assistants and smart bots are easy to implement, customize and maintain.

PreSeries’ overall scoring of Kasisto over time

 


Love PreSeries AI-driven rankings? Stay tuned, follow us at @PreSeries & #PreSeriesPredicts

Want to give PreSeries a go? Get in touch here!

GreenSight Agronomics wins the 7th A.I. Startup Battle at PAPIs ’17

The 7th A.I. Startup Battle (hosted by PAPIs ’17 at Microsoft N.E.R.D.) came to an end yesterday in Boston in fully automated fashion. The jury of this unique competition, PreSeries’ algorithms, has predicted that GreenSight Agronomics is the startup most likely to succeed in comparison to the three other contenders. After an intense Q&A session between the startups and PreSeries (through a voice-enabled device present on stage), the A.I. ranked the participants and crowned GreenSight Agronomics. They provide an automated, agronomic intelligence platform for superintendents, land managers, and farmers. They combine automated drones, patented sensors, and proprietary analytics to deliver customers maps and alerts enabling them to better manage water, pesticide, and fertilizer usage. They are already the leader in turfgrass remote sensing and analysis. They are helping Top-100 golf courses across the U.S. and Canada reduce water consumption, better task labor associated with irrigation and moisture measurement, and achieve better outcomes with fewer fungicides, pesticides, and fertilizer.

Winners of the 7th A.I. Startup Battle: GreenSight Agronomics represented by James Peverill, CEO & Lilian Ting, Director of Business Development

In the battle, all five startups have had the chance to introduce their company during a 5­-minute pitch prior to the human-A.I. interaction. Later on, PreSeries’ AI took the time to ask some questions to all the contenders about key aspects of their business. The exchange was made possible through a voice-assistant device present on stage (our very own ‘VC-in-a-box’).

Klarity, a software that automatically reviews sales contracts (NDAs, Beta, MSA/SLA agmts), so lawyers don’t need to be involved, came in 2nd position. They have completed the first module that uses Natural Language Processing to analyze NDAs and provides the user with (1) an overall risk profile, (2) a list of clauses present and non-present with individual risk profile attached to each clause (green, yellow, red), and (3) detailed analysis of the implications of a clause to the business + actionable insights that help renegotiate the agreement. Their goal is to expand to other contract types and industry verticals and eventually automate all contractual work.

Pearlo, a cloud-based application that helps busy professionals to quickly and inexpensively improve their processes arrived in 3rd position. It is powered by artificial intelligence and, once the user enters the narrative describing how the current process works, the tool delivers a graphical representation of the process, an efficiency score and a set of recommendations for improvement.

Myu.ai, a startup that empowers the many media artists around the world to collaborate remotely in a virtual studio arrived in 4th position. They help collaboration between humans and AI artists, to develop and commercialize original media content (music, film & VR). Their platform provides advanced editors, rights management, and global content distribution. They are a team from MIT and Berklee College of Music, with advisors including Jack Dorsey (CEO of Twitter).

After the event, BigML CEO & Co-founder and President of PreSeries, Francisco J. Martin, shared his thoughts: “Our startup battles have inspired a wide audience of investors and startup founders across the globe who are looking for concrete, quantifiable feedback on their performance on a continuous basis. Boston has naturally become a regular stop given the depth of the startup ecosystem here. We are impressed with arguably the most accomplished set of competitors to date in this 7th edition of the Startup Battle and wish them the best in attracting new customers, gaining further traction and securing new rounds of financing.”

GreenSight Agronomics, the winner of the battle has now the chance to participate in Telefónica Open Future _ Program. In this respect, it is eligible to access, up to six months, to Telefónica Open Future’s pre-acceleration services, subject to space availability (desk space and connectivity). After the six-months of pre-acceleration, PAPIs ’17 winner will be evaluated and, in case of a positive evaluation by Telefonica Open Future, PAPIs ’17 winner may have access to Wayra’s Acceleration Program. Wayra Acceleration Program offers financing for up to 50.000$ in the form of a convertible note and acceleration services, for a maximum period of 12 months, valued at a maximum of 70.000$, subject to the fulfilment of certain milestones agreed with Wayra (in the form of physical co-working space for the team, connectivity services, access to its network and know-how, consultancy services, entrepreneurship training, access to the Wayra network of potential investors, other entrepreneurs and practitioners from the venture capital industry).

For Ana Segurado, Telefónica Open Future_ Global Director, events like the one that we are hosting demonstrate the importance of making use of more technology to help investors make data-driven decision and avoid poor investment outcomes: “Machine Learning increasingly facilitates work with an amount of data and stages that, otherwise, make pricing decisions similar to playing in a casino with marked decks. It gives investors very valuable information that must be very seriously considered to make decisions in a short period of time”.

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Our next AI Startup Battle will be in London in April 2018, stay tuned on Twitter with #AIStartupBattle and @PreSeries.

Calling Startups to Compete in the 7th Edition of the AI Startup Battle at PAPIs ’17 in Boston

PAPIs ’17, the 4th International Conference on Predictive Applications and APIs, is a series of annual events where experts come discuss new developments, opportunities and challenges in real-world Machine Learning. This year, PAPIs ’17 returns to Boston, on October 24-25, 2017, and will host the 7th Edition of our AI Startup Battles.

The audience, mainly decision makers and developers interested in the latest technology to build real-world intelligent applications, will witness the power of PreSeries, a predictive application that provides fact-based insights as well as many other investments and traction related metrics to help investors foresee which companies warrant a potential investment. PreSeries predictive models are trained with a diverse set of public and private data on more than 370,000 companies worldwide.

Apply now! 

If your startup uses AI as a core enabler, this battle is your chance to get under the spotlight. The startups selected to compete will be able to pitch on stage, make connections, exhibit at PAPIs ’17, and get unique exposure among a highly distinguished audience. The winner of the battle will have the chance to participate in Telefónica Open Future _ Program. In this respect, PAPIs ’17 winner may have access, up to six months, to Telefónica Open Future’s pre-acceleration services, subject to space availability (desk space and connectivity). After the six-months of pre-acceleration, PAPIs ’17 winner will be evaluated and, in case of a positive evaluation by Telefonica Open Future, PAPIs ’17 winner may have access to Wayra’s Acceleration Program. Wayra Acceleration Program offers financing for up to 50.000$ in the form of a convertible note and acceleration services, for a maximum period of 12 months, valued in a maximum of 70.000$, subject to the fulfillment of certain milestones agreed with Wayra (in the form of physical co-working space for the team, connectivity services, access to its network and know-how, consultancy services, entrepreneurship training, access to the Wayra network of potential investors, other entrepreneurs and practitioners from the venture capital industry).

When?

The AI Startup Battle @ PAPIs ’17 will take place on October 24, 2017 at 3pm (exact time tbc)

Where?

Microsoft New England Research and Development Center (N.E.R.D.), 1st Floor 1, Memorial Dr #1 Cambridge, MA 02142

Application Deadline?

To compete in the battle, please fill out this form before October 15, 2017, and send a short presentation about your company (up to 2 MB) to battle@preseries.com.

Good luck to all participants!

Spotlight Feature: Dashboard API

Making predictions about startups is good, but letting everyone integrate predictions about startups in their apps is even better. And that’s because the real value of predictions is realized when we go beyond “predictive analytics” and start becoming “prescriptive”. In other words, it’s all about making predictive insights actionable. This is the reason why we are releasing our Dashboard API, to let you do just that. Now, all of our predictive scores about startups, investors, and areas, can be embedded into any of your apps and integrated into any of your decision-making processes. For example, you can now combine constant tracking of the performance and traction of your portfolio companies as well as those of your competitors in your own internal app, which also includes top secret financials for your portfolio companies. Currently, our Dashboard API is only accessible to subscribers of the Analyst Plan and our partners (Interested in a partnership? Get in touch with us!).

All of PreSeries, one API

Preseries.io (our API domain) gives you access to the following predictions: company search and company data, as well as the following resources: acquisition, deactivation, company, investor, IPO, patent, person, product, and round. Preseries.io conforms to the design principles of Representational State Transfer (REST). Preseries.io is entirely HTTPS-based. You can create, read, update, and delete resources using the respective standard HTTP methods: POST, GET, PUT and DELETE. All communication with Preseries.io is JSON formatted.

Predictions

Company related properties available via the PreSeries API.

The Company Search allows you to find companies in PreSeries based on preferences. The Company Data endpoint allows you to find information about all the company predictions made by PreSeries. The endpoint is available in two different modes: (1) one snapshot: data related to a specific snapshot. You need to choose between only_last_snapshot or snapshot_date as a query property. (2) time series: all company data points listed in chronological order. This is the default option if neither snapshot_date nor only_last_snapshot is informed. You can specify a time period using the interval property.

A sample of the 38 Company creation related properties available through the PreSeries API.

Resources

A sample of the 39 Company related properties available through the PreSeries API.

Preseries.io also allows you to list, create, retrieve, update, delete your data about company activations, deactivations, general information, investors, IPOs, patents, people, products, rounds of investments.

A sample of the 41 Patent related properties available through the PreSeries API.

A complete list of all the predictions and resources available through the Dashboard API can be found here: preseries.com/developers. We’d like to know more about your application ideas so feel free to get in touch with us to request API access!

PreSeries’ algorithms chose Smartvel as best startup at the 5th AI Startup Battle

PreSeries, hosted the 5th edition of the AI Startup Battle at the exclusive Global Tourism Innovation Summit taking place in Palma de Mallorca, Spain on June 9. The event served as the meeting point of top international professionals discussing topics such as Tourism Innovation / AI / IoT / VR / Smart Destinations / Hotels / OTA / Tour Operator / Airlines / Connectivity / Big Data / New Technologies / Machine Learning / Airports / Ports / Infrastructure / Smart Mobility / Smart Management & Solutions / Dynamic And Immersive / Video Wall Experiences / Digital Signage / Mobile / Apps. The summit was organized by Agora Next Telefónica Open Future_, the first global tourism innovation program from Telefónica, a strategic partner oriented towards companies and entrepreneurs, who aspire to become a global reference of Tourism 4.0. A large crowd of tourism experts and decision makers came to witness the power of the PreSeries Machine Learning algorithms.

Sr. D. Iñigo Valenzuela (center) – CEO of Smartvel – Winner of the 5th edition, receiving his prize alongside Valentín Fernández, Global Director of Business Development and Partnerships at Telefónica Open Future_ (center left) and Kemel Kharbichi, CEO and President of Agora Next (center right).

With a score of 96.51, Smartvel, a SaaS Supplier of Digital Destination Content, was crowned winner of the 5th edition of the AI Startup Battle. They have built a unique tool combining three types of content:

  • dynamic content like up-to-date travel agenda
  • traditional destination content gathered through geolocalization, e.g., restaurants, points of interest, sights and attractions
  • geocoded layers of content recommended by their clients to promote and cross-sell passes, places or events.

The second place finisher was Apartool with a score of 86.82. Apartool is the bridge between apartment blocks, aparthotels, and tour operators. This intermediation project aims to give travel agencies the smartest way to offer a global service to all their clients. Apartools offers, through a platform, the first booking solution specialized in the booking of entire buildings for touristic purposes.

Finally, the third position, with 67.82 points, was for MallorcaWifi.com, which has been working for more than a decade in the implementation of a Wi-Fi network in Palma that allows citizens to connect at any time and at no cost. The project, which has been carried out jointly with the City of Palma, has allowed the simultaneous connection of up to ten million mobile devices in the last year.

From left to right: PreSeries’ VC-in-a-Box, Fabien Durand (Marketing Manager at PreSeries), Sr. D. Iñigo Valenzuela (CEO at Smartvel), Sr. D. Mauricio Socias (Founder & CEO at MallorcaWifi.com), Sr. D. Marc Vilar (CEO at Apartool) and Julian Vinué (Director of Wayra Barcelona).

We’ve been proud to host another impressive group of startups during this latest edition of our AI battle.  If you are interested in competing in our next AI Startup Battle in São Paulo, Brazil (June 21), please apply here and stay tuned!

Get your own VC-in-a-Box! (Voice Assistant)

If I ask you to name an important stakeholder that is often an overlooked key component of business operations, I’m sure “assistants” are not the first thing popping up in your mind. But if you look closely, regardless of their title, it’s hard to overstate their contribution to any company’s productivity by helping management staying focused on most important tasks.

As technology has advanced, the skill sets of assistants have continued to evolve to keep apace. The arrival of chatbots and better speech recognition is already drastically changing the landscape by allowing for the automation of many data intensive tasks. It is now possible for many to become their own globally-connected assistant, at a fraction of the cost of hiring a human assistant for such tasks that are better suited for software.

The latest advances in the field of Artificial Intelligence and voice recognition technology is slowly redefining our relationship to our electronic devices. Human-computer interactions are becoming more human-like and the promise of naturally conversing with your devices is just around the corner. The first wave of Voice Assistants lead by the Amazon Echo and its Alexa software appeared late 2014 and their adoption rate has shown no signs of slowing down. After conquering our homes, the battlefield has now moved to businesses as they aim to supercharge the productivity of workplace teams. Acting as task-oriented assistants, are fast becoming tomorrow’s colleagues-in-a-box.

With PreSeries we make it easy for anyone to predict the future of startups. But when fully concentrated in your work, opening the PreSeries Dashboard to get some insights can disrupt your workflow. Simply asking your question out loud, as you would with a colleague or an assistant, feels more natural and allows you to remain focused. Therefore, we built our own PreSeries for Alexa skill in order to bring startup intelligence to devices belonging to the Amazon Echo family. Main features are the scoring of startups in real-time and getting aggregate or detailed information about startups, technology areas, investors, patents, rounds of financing, and IPOs.

Once the skill is enabled, you can use your brand new VC-in-a-Box to discover all kinds of information regarding startups. Below is an example session.

You: “Alexa, ask PreSeries how many startups were founded in the US in 2016”

PreSeries: “The number of startups founded in the US in 2016 is 3857.”

You: “Alexa, ask PreSeries what is the highest scoring startup in the US in Education”

PreSeries: “The highest scoring startup in the category of education is AcmEd”

Check out our introduction video below!

Click here to add the skill to your Alexa powered device and don’t forget to check out our documentation for a complete overview of the questions you can ask your VC-in-a-box.

Calling Startups to Compete at the Sixth Edition of the AI Startup Battle at PAPIs Connect in São Paulo

PAPIs Connect 2017, Latin America’s 1st conference on real-world Machine Learning applications, is a series of localized events that run in between the annual PAPIs conference events, the International Conference on Predictive Applications and APIs. This year, PAPIs Connect goes to São Paulo, Brazil, on June 21-22, 2017, and will hold the Sixth Edition of our Artificial Intelligence Startup Battles.

The audience, mainly decision makers and developers interested in the latest technology to build real-world intelligent applications, will witness the power of PreSeries, a predictive application built on top of BigML’s Machine Learning platform that provides fact-based insights and many other investment and traction related metrics to help investors foresee which companies warrant a potential investment. PreSeries predictive models are trained with a diverse set of public and private data on more than 370,000 companies worldwide.

The sixth edition of the AI Startup Battle is powered by PreSeries, the joint venture between Telefónica Open Future_ and BigML.

Apply now! 

If your startup uses AI as a core enabler, this battle is your chance to participate in the 6th edition of PreSeries’ AI Startup Battle. The startups selected to compete will be able to pitch on stage, make connections at PAPIs Connect, and get unique exposure among a highly distinguished audience attending Latin America’s 1st conference on real-world Machine Learning applications. The winner of the battle will be taken into consideration by the Wayra Academy and has a chance to get invited to Telefónica Open Future’s acceleration initiatives and services that include: training, coaching, a global network of talent, as well as the opportunity to reach many Telefónica enterprises in Brazil and abroad.

When?

Thursday, June 21, 2017 at 4:30 PM BRST.

Where?

Telefônica Auditorium:  R. Martiniano de Carvalho, 851 – Bela Vista, São Paulo – SP, 01321-001, Brazil.

Application Deadline?

To compete in the battle, please fill out this form before June 11, 2017, and send a short presentation about your company (up to 2 MB) to battle@preseries.com.

For more information on previous AI Startup Battles we recommend that you visit the dedicated page including all the battles performed so far.