Meet A Minnesota CTO: Dave Onnen, Apruve

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Screen Shot 2017-02-15 at 1.09.06 PMThank you Andcor Companies for underwriting our Meet a Minnesota CTO series, where we get up close and personal with Minnesota’s chief techies.
 
The CTO: Dave Onnen, Apruve

How long have you been working in technology for?

I have been working in technology for over 20 years. I learned BASIC as a kid, C/C++ in college, and I have worked extensively with Java and most recently with Ruby on Rails.

What are you focused on right now?

Right now we are expanding our solution from a single product to an extensible open API. We are also working on integrations with a number of B2B eCommerce systems.

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WILsquare Capital Buys Local Fintech Firm DCM

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Screen Shot 2017-02-13 at 11.32.09 AMVia News Release

“ST. LOUIS — WILsquare Capital, a St. Louis-based private equity firm, announced today it has completed the acquisition of Data and Contact Management Solutions, LLC (“DCM”), an industry-leading technology-enabled service provider for estate asset recoveries based in Minneapolis, MN. Terms of the transaction were not disclosed.”

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Deluxe Buys Fintech Firm RDM For $70m

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SYjoDzl0Via News Release

“SHOREVIEW, Minn. — Deluxe Corporation (DLX, NYSE) announced today that, through a wholly owned subsidiary, it has entered into a definitive agreement to acquire 100 percent of the stock of RDM Corporation (RC, TSX) of Canada for approximately $70 million US in cash, net of estimated cash to be acquired.”

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Reeher Helps Colleges Polish Their Fundraising Efforts

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By Neal St. Anthony, Star Tribune

MOtaIq2a_400x400“The big news among area higher-education fundraisers last week was the $10 million gift to the College of Saint Benedict from an anonymous donor to create an endowment to fund “experiential learning” programs. That includes fellowships, service-learning and study-abroad opportunities, particularly among the growing ranks of St. Ben’s students whose families can’t afford those opportunities.

The news also brought a smile to Andy Reeher. St. Benedict is a client [of Reeher], along with a growing list of 115-plus other colleges across the land.”

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MNvest Portal Silicon Prairie Online Goes Live With Blockchain Tech

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silicon-prairie-online Silicon Prairie Portal and Exchange, LLC — DBA Silicon Prairie Online –has been approved by the Minnesota Department of Commerce as the second MNvest portal ready for intrastate equity crowdfunding.

The twist with Silicon Prairie Online is found around the core technology designed on a blockchain, also known as distributed ledger technology.  This allows for advanced functionality between issuers, shareholders, and regulators.

“Our longtail is putting issuers and shareholders on a their own private ledger to facilitate the issuance, voting, communications and ultimate liquidity,” explains creator David Duccini, a local infosec consultant and technologist with prior experience in the banking, insurance, and retail sector.

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Local Fintech Venture ClickSWITCH Names New CTO Yobie Benjamin

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aaeaaqaaaaaaaag6aaaajgfhnzgzmwq3lwniyjetndy4yi04mjvilwy3mwrkzda4njg5yqVia News Release

“MINNEAPOLIS, Nov. 15, 2016 /PRNewswire/ — ClickSWITCH, a turnkey solution that simplifies the switch of recurring payments and deposits for financial institutions’ new and existing account holders, announced today that Yobie Benjamin has joined the executive leadership team as Chief Technology Officer (CTO), to launch growth, spearhead innovation and lead the technical development team, as the company continues its aggressive US and global growth and expansion.”

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Minneapolis Fintech Startup Sezzle Closes On $1.8m Round

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Minneapolis fintech startup Sezzle has closed on $1.8m of financing as part of an oversubscribed round that began earlier this spring.

Sezzle is a merchant processing platform for businesses to save money on their ACH transactions while consumers receive cash back rewards for purchases.  “Works like debit, rewards like credit,” is the motto.

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MN Fintech Startup Upsie Sees More Investment

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Minnesota fintech startup Upsie has picked up ~$100k between Village Capital and Access Ventures.

Founder Clarence Bethea was chosen as one of two ventures to participate in the fintech cohort of Village Capital’s peer to peer investment model, which comes with a $75k minimum and a summer’s worth of mentorship between New York, San Francisco, and Washington D.C.

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US Bank Joins Robo Investment Movement With FutureAdvisor

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unnamedBy Daisey Maxey, Wall St. Journal

“U.S. Bancorp ’s wealth-management unit will team up with FutureAdvisor to offer online financial advice to clients beginning next year. The Minneapolis bank’s wealth-management unit will use FutureAdvisor’s technology to deliver the bank’s investing capabilities to its clients, says Mark Jordahl, president of U.S. Bank Wealth Management.”

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