Author: Julie Muhn (@julieschicktanz)

Prestadero Surpasses 11,000 Registered Users in 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Prestadero

PrestaderoLogo.jpg

P2P lending platform Prestadero released growth figures this week that attest to the growing popularity of non-bank lending intermediaries.

Here are some of the growth numbers it released:

  • Surpassed 11,000 registered users
  • Received credit applications for more than 225 million pesos in 18 months
  • On track to double its credit origination every 3 months
PrestaderoHomepage.jpg

The Mexico-based company offers unsecured personal loans from $10,000 to $250,000 pesos at rates from 8.9% to 28.9% per year. These rates are much more attractive than classic credit card APRs which, in Mexico, average 56.32%.

Prestadero debuted its platform at FinovateSpring 2013. Check out the demo here.

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Finovate Alumni News– December 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Allied Payment Network, ayondo, CR2, findabetterbank.com, Finovera, FIS, Fiserv, Jemstep, Klarna, PaySimple, peerTransfer, planwise, SigFig, Tradeshift, Trustev
  • Finovate-F-Logo.jpgThe Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.
  • peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.
  • Tradeshift brings in $15 million of a $57 million equity round.
  • Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.
  • Business2Community features PaySimple.
  • Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.
  • Klarna acquires Sofort to become 10% of Europe’s $100 billion e-commerce market.
  • Les Muma, former Fiserv CEO, to join board of directors of FIS.
  • UAE’s Bank of Sharjah to offer CR2’s BankWorld-powered mobile banking app.
  • ayondo announces new features including open positions in profile view.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Trustev Brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October

By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Trustev

trustevLogo.jpg

European fraud-fighting company Trustev made an announcement yesterday that further proves the increase in demand for fraud prevention security platforms. After receiving $3 million in seed funding in October, the Ireland-based company announced an extra $500k investment from Notion Capital.

TrustevHomepage.jpg

The startup, which processes an average of 2 million customer transactions per week for 60 merchant customers, will use the extra cash to increase the number of transactions it protects. By February, it plans to protect 10 million customer transactions per week, a 5x increase.

Additionally, by Q2 2014, it plans to bolster its service by not only protecting transactions, but also by guaranteeing the protection from fraud.

Trustev will demo at FinovateEurope 2014 in London. To come and see the action live, get your ticket here.

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Tradeshift Brings in $15 Million of a $57 Million Equity Round

By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Tradeshift

TradeshiftLogo.jpg

Electronic invoicing solutions company, Tradeshift, announced it recently brought in $15 million in equity funding.

This round is the first installment of a $57 million round. According to the San Francisco-based company this equity sale is, “part of something much bigger,” though it did not provide further detail.

TradeshiftHomepage.jpg

Tradeshift demonstrated at FinovateEurope 2013 in London where it debuted its Instant Payments feature.

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Finovate Alumni News– December 18, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check Point, CR2, Dwolla, Emida, Geezeo, MasterCard, Mitek, MoneyDesktop, Payfone
  • Finovate-F-Logo.jpgDwolla launches Form Builder to enable users to build free custom payment forms.
  • Utah Valley Business Q Mag recognizes MoneyDesktop for its billboard advertising (see page 52-53).
  • Blue Coat and Check Point Extend Partnership on High-End X-Series Network Security Systems.
  • Payfone to use AT&T’s network data to enhance its mobile identity services.
  • Vovox and Emida partner to provide enhanced mobile payment options for users.
  • West – Aircomm FCU to offer PFM powered by Geezeo.
  • Mike Brady named COO at CR2.
  • MasterCard debuts MasterPass in Italy. 
  • Business Banking Review names Mitek-powered U.S. Bank Mobile Photo Bill Pay “Best Technology Initiative in Banking”.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– December 17, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: FIS, Kashoo, Mint.com, Mortgagebot, Realty Mogul, SecondMarket, TIO Networks, Tuition.io
  • Finovate-F-Logo.jpgIn The Capital features Tuition.io’s student loan gift payment feature.
  • First Internet Bank leverages Mortgagebot Enterprise Solution to Win 2013 Online Mortgage Originator Award.
  • Coinbase: SecondMarket’s Bitcoin Investment Trust Amasses $61.1m in 3 Months.
  • TIO Networks to launch a full suite of electronic bill payment services for Gulf Power Company.
  • Realty Mogul CEO Jillene Helman talks about crowdfunding real estate on Bloomberg TV.
  • FIS wins Javelin’s Best in Class Overall Mobile Banking Vendor award for 2013.
  • Kashoo, Mint named among “6 great iOS accounting apps for small business” by Business News Daily.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– December 16, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Biometric Signature ID, Bright Funds, FutureAdvisor, Kasasa, MoneyDesktop, Personal Capital, SecondMarket, SocietyOne
  • Finovate-F-Logo.jpgMoneyDesktop to power Kasasa 360 Financial Management Platform.
  • SF Gate reports: SecondMarket allows IRA investment in Bitcoin.
  • Crowdfund Investor features SocietyOne’s P2P Lending platform.
  • Digital Journal promotes Personal Capital and FutureAdvisor.
  • Biometric Signature ID profiled in Huffington Post column on identity proofing.
  • San Francisco Business Times’ Bay Area BizTalk features Bright Funds.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– December 13, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Blackhawk Network, EyeVerify, MasterCard, MoneyDesktop, Tradeshift
  • Finovate-F-Logo.jpgBlackhawk Network partners with Opengate to Launch New Prepaid Content in South Africa.
  • Tradeshift unveils Oracle Gold partnership & supply chain connectivity solution for the Oracle E-Business Suite.
  • MasterCard launches recruitment drive for e-commerce tech lab in New York City.
  • EyeVerify featured in KCUR.org column on the “benefits and disadvantages of launching a startup in Kansas City.”
  • New MoneyDesktop Website Wins Multiple W3 Awards.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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MoneyDesktop to Power Kasasa 360 Financial Management Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, Kasasa, MoneyDesktop

KasasaMoneyDlogo.jpg

BancVue’s Kasasa 360 Financial Management platform received a bit of a upgrade recently, thanks to a partnership with PFM expert, MoneyDesktop.

By bringing together MoneyDesktop’s expertise in PFM with Kasasa’s national brand of rewards checking and savings, the two hope to drive account acquisition, account retention and increase cross-selling opportunities.

Kasasa360IMG.jpg

This union of two Finovate Best of Show-winning companies will give Kasasa 360 users the ability to track their finances across different financial institutions in one place and enable them to view their rewards tied to their Kasasa checking and savings accounts.

To get a better idea of the what each company has to offer, check out the live demo videos. Bancvue demonstrated Kasasa at Finovate 2009 and MoneyDesktop last demonstrated at FinovateFall 2013.

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Lending Club to Sell Loaning Through Community Banks

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lending Club

LendingClubLogo.jpgP2P lending network, Lending Club, is changing the way it is viewed by traditional banks.

Now Lending Club is trying to cultivate another corner of the traditional financial industry by selling its loans to community banks that need to diversify their asset portfolios. It has agreements with seven small banks who buy loans that Lending Club originates and services, and who now account for almost 10% of its financing. The company is also working with some of those banks to make personal loans to their customers — a service that Lending Club and its partners see as an opportunity to compete with bigger banks like Citigroup (NYSE:C) and JPMorgan Chase (JPM) that dominate the credit card market.

One such institution using the new service is MainStreet Bank, which has been buying Lending Club loans since August. The bank, which has $272 million in assets and 5 branches, has purchased more than $7 million in loans from Lending Club, at $2 million in assets per month.

As of this month, the San Francisco-based company has made $3 billion in loans and is planning to expand into small business loans. 

Lending Club demonstrated at the very first Finovate in 2007 and at Finovate 2008. The company plans to go public next year.

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Finovate Alumni News– December 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Cachet Financial Solutions, Doxo, Lending Club, NICE Systems, SAGE SA, TSYS
  • Finovate-F-Logo.jpgDMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.
  • Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace 
  • Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.
  • See BehavioSec’s Best of Show winning demo from FinovateAsia 2013.
  • Pymnts.com talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.
  • Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.
  • American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push http://bit.ly/19CcyQq
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Innovations at FinovateEurope 2014: Part 1

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2014

FinovateEurope2014wdatehighres.jpgLast week we revealed 54 of the 64 FinovateEurope 2014 demo companies that will show off their innovations on stage in London. Below, we’ve described each company in more detail. Get your ticket here to be a part of the crowd on February 11 and 12.

Here are the descriptions of the first half of the demoing companies (in alphabetical order):

  • AdviceGamesLogo.jpgAdviceGames is world’s leading digital advice company, launching the first scientifically developed omni-channel advice services platform globally.
  • capitalcubelogo.jpgAnalytixInsight’s CapitalCube algorithmically analyzes market and company data to produce research on 45,000 companies and 1500 ETFs.
  • AtsoraLogo.jpgAtsora is disrupting the e-banking experience for small and medium businesses.
  • ArxanLogoPrint01.jpgArxan provides ‘Gold standard’ Mobile Application Security. Deploy applications with tamper-resistance to innovate with confidence.
  • AvokaLogo.jpgAvoka: In the future, every transaction will be digital. Avoka Transact delivers the future today.
  • BackbaseLogo.jpgBackbase announces complete mobile enrollment application for financial services.
  • BehavioSecLogo.jpgBehavioSec allows you to add transparent biometrics for multi-layered security.
  • buttercoinlogo.jpgButtercoin is disrupting the $500 billion Remittance Industry with the power of Bitcoin.
  • CRIFLogo.jpgCRIF offers consulting, data, predictive analytics and technology solutions to achieve optimized and innovative decision-making throughout the credit value chain.
  • currencytransferLogoNew.jpgCurrencyTransfer.com offers the world’s first live, transparent and competitive price feed aggregator for the SME and Corporate market.
  • DeviceIdentLogo.jpgDevice Ident offers expert anti-fraud solutions for European companies within the e-commerce and financial sectors.
  • encapLogoOrange.jpgEncap is a software security company that bridges the gap between banking grade security and user experience.
  • etronikaLogo2.jpgETRONIKA is developing innovative solutions for banking and e- business, using advanced and secure technologies.
  • ExcessReturnLogo.jpgEXCESS RETURN helps users find the very best trading ideas, enhance their performance and minimize their risk.
  • EZBOBLogo.jpgEZBOB is an innovative, online, fully automated lending provider for small and medium businesses in the U.K.
  • fastcashlogo.jpgfastacash is a social payments platform that enables users to transfer value across any social platform.
  • FeedzaiLogo.jpgFeedzai uses machine learning and big data to let banks stop fraud before it happens.FiservLogo2.jpg
  • Fiserv provides digital banking and payments solutions to financial institutions across the globe.fivedegreeslogo.jpg
  • Five Degrees invigorates banks withMatrix: a customer centric dialogue and case driven bank platform
  • IND Group is a leading innovator and developer of digital banking, PFM and payments technology.
  • ITSectorLogo2.jpgITSector is an award winning, multi-channel and sales banking solutions company. It offers integrated multi-channel and sales solutions for large financial institutions.
  • JumioLogo.jpgJumio is a next generation credentials management company offering payments and ID scanning & validation products for mobile and web transactions.
  • KenshoLogo.jpgKensho creates Technological innovations that intelligently analyze the world’s financial and event data to deliver superior risk management.
  • KofaxLogo.jpgKofax is a provider of smart mobile and process automation software and solutions for the businesscritical First Mile of customer interactions.LifePayLogo.jpg
  • LifePay is the mobile solution provides allthe essentials of the standard cash register
  • luminous_logo_2.jpgLuminous We solve problems, that’s what we help banks do.
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Stay tuned next week to see the descriptions of the rest of the companies that will demo their innovations on stage at FinovateEurope.

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