EWise
Encyclopedia
eWise is a privately held technology company with offices in Denver (Colorado), London (UK), Shenzhen (China) and Sydney (Australia). eWise was founded by Alex Grinberg in 2000. eWise develops and sells online payment
, account aggregation
, personal financial management (PFM) and eAuthentication solutions to financial institutions in Australasia, Europe, North America, and the United Kingdom.
eWise is best known for its role in establishing Online Banking ePayments
(OBeP) networks around the world. The company is the exclusive network provider for the NACHA
Secure Vault Payments network in the US which includes major financial institutions such as U.S.Bank as part of the network. In early 2011 they introduced a similar payments solution in the UK launching eWise payo in partnership with VocaLink. eWise has also been working with the International Council of Payment Network Operators (ICPNO) since it was established in 2008 to develop common standards and rules for global interoperability between Online Banking ePayments
networks.
eWise’s other lines of business include account aggregation
and personal financial management (PFM) solutions for financial institutions that bring together all the accounts held by one person onto a single screen, with analytics and online financial management tools, that can be accessed by a single user ID.
eWise customers include Financial Institutions such as Citibank
and First Direct
(part of HSBC) in the UK, Ping An in China and Westpac
in Australia.
In 2010 eWise announced it had raised venture capital financing from the three major markets, Asia/Pacific, Europe and North America to:
The funding round was led by Balderton Capital, one of Europe’s largest technology investors, with other major investors including Atlanta based TTV Capital, Patagorang, led by Mr. Roger Allen and Mr. Stanley S. Shuman of Allen & Co.
In 2011 eWise announced it had raised an additional $14 million and moved its headquarters to the US from Australia. Wellington Partners Venture Capital led eWise’s latest funding round with participation by previous investors including Balderton Capital, TTV Capital, and Patagorang. Wellington partner Alexandre Gonthier joined Alexander Grinberg, Roger Allen, Michael Kontorovich, Dharmash Mistry, Peter Rowley and W. Thomas Smith Jr on the eWise board of directors.
Payment
A payment is the transfer of wealth from one party to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation....
, account aggregation
Account aggregation
Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place...
, personal financial management (PFM) and eAuthentication solutions to financial institutions in Australasia, Europe, North America, and the United Kingdom.
eWise is best known for its role in establishing Online Banking ePayments
Online Banking ePayments
Online Banking ePayments is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet....
(OBeP) networks around the world. The company is the exclusive network provider for the NACHA
NACHA-The Electronic Payments Association
NACHA – The Electronic Payments Association manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States. It is funded by the financial institutions it governs...
Secure Vault Payments network in the US which includes major financial institutions such as U.S.Bank as part of the network. In early 2011 they introduced a similar payments solution in the UK launching eWise payo in partnership with VocaLink. eWise has also been working with the International Council of Payment Network Operators (ICPNO) since it was established in 2008 to develop common standards and rules for global interoperability between Online Banking ePayments
Online Banking ePayments
Online Banking ePayments is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet....
networks.
eWise’s other lines of business include account aggregation
Account aggregation
Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place...
and personal financial management (PFM) solutions for financial institutions that bring together all the accounts held by one person onto a single screen, with analytics and online financial management tools, that can be accessed by a single user ID.
eWise customers include Financial Institutions such as Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
and First Direct
First Direct
First Direct is a telephone and internet-based retail bank in the United Kingdom, a division of HSBC Bank plc. First Direct has headquarters in Leeds, West Yorkshire, England, and has 1.16 million customers....
(part of HSBC) in the UK, Ping An in China and Westpac
Westpac
Westpac , is a multinational financial services, one of the Australian "big four" banks and the second-largest bank in New Zealand....
in Australia.
In 2010 eWise announced it had raised venture capital financing from the three major markets, Asia/Pacific, Europe and North America to:
- Accelerate the US rollout of Secure Vault Payments, an Online Banking ePaymentsOnline Banking ePaymentsOnline Banking ePayments is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet....
network sponsored and governed by NACHANACHA-The Electronic Payments AssociationNACHA – The Electronic Payments Association manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States. It is funded by the financial institutions it governs...
, the Electronic Payments Association; - Launch and support operations of an Online Banking ePaymentsOnline Banking ePaymentsOnline Banking ePayments is a type of payments network, developed by the banking industry in conjunction with technology providers, specifically designed to address the unique requirements of payments made via the Internet....
network in the UK in partnership with VocaLink; - Expand the online Personal Financial Management (PFM) division in the UK, China and Asia Pacific.
The funding round was led by Balderton Capital, one of Europe’s largest technology investors, with other major investors including Atlanta based TTV Capital, Patagorang, led by Mr. Roger Allen and Mr. Stanley S. Shuman of Allen & Co.
In 2011 eWise announced it had raised an additional $14 million and moved its headquarters to the US from Australia. Wellington Partners Venture Capital led eWise’s latest funding round with participation by previous investors including Balderton Capital, TTV Capital, and Patagorang. Wellington partner Alexandre Gonthier joined Alexander Grinberg, Roger Allen, Michael Kontorovich, Dharmash Mistry, Peter Rowley and W. Thomas Smith Jr on the eWise board of directors.