• Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
• Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

• Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
• Finovate demo: FinovateFall 2012

• Description: Small business payments solution
• Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners:

Gold

• Category: Most innovative
• Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
• Finovate demo: FinovateEurope 2012

• Category: Best credit
• Innovation: The consumer's advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
• Finovate demo: FinovateStartup 2009

• Category: Best B2B innovation
• Innovation: Online working capital for small businesses.
• Finovate demo: FinovateEurope 2013

• Category: Best SMB innovation
• Innovation: Small business payment platform integrated with Quickbooks.
• Finovate demo: Finovate 2009

• Category: Best innovation via ACH
• Innovation: Cash flow management, accounts payable/ receivable management platform
• Finovate demo: FinovateSpring 2011

• Category: Most invisible
• Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
• Finovate demo: FinovateSpring 2012

• Category: Best credit
• Innovation: Offers consumers "more time to pay" their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
• Finovate demo: FinovateSpring 2011

• Category: Best cash
• Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
• Finovate demo: FinovateSpring 2011

• Category: Best SMB innovation
• Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
• Finovate demo: FinovateSpring 2012

• Category: Best comeback
• Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
• Finovate demo: FinovateEurope 2011

• Category: Most disruptive
• Innovation: Mobile checkout service that enables one touch payments across multiple applications.
• Finovate demo: FinovateSpring 2011

• Category: Best technology
• Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today's biggest identity and personal information threats.
• Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

• Category: Best newcomer
• Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
• Finovate demo: FinovateSpring 2012

• Category: Best credit
• Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
• Finovate demo: Finovate Startup 2009

• Category: Best debit
• Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
• Finovate demo: FinovateFall 2011

• Category: Best prepaid
• Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
• Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

• Category: Best check
• Innovation: Mitek's patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the "gold standard" for mobile check deposit.
• Finovate demo: FinovateSpring 2012

• Dwolla upgrades iPhone app and adds ability to pay money requests.

• The Receivables Exchange appoints Henry Allen as New CEO.

• SimpleTuition launches Private Student Loan Refinance Center.

• Xero and Bill.com enable integration, ease transactions and cash management.

• Now Plastyc's UPside Visa customers can add cash to cards instantly at Walmart.

• NFU Mutual automates paper processes with Tibco. Check out Tibco's live demo at FinovateAsia.

• Equifax selected byIRS as one of first eTranscript Pilot Vendors.

• ModoPayments and Alliance Data partner to offer mobile solutions to retailers and U.S. Consumers.

• Bill.com wins Sleeter 'Awesome Application' Award.

• Kiplinger features ReadyForZero.

• San Diego North County Times reports StockTwits: Howard Lindzon takes stock talk to new level.

• Bridge2 Solutions and Affinity Solutions launch mobile app.

• New Dutch bank uses Figlo Platform to offer online financial overview.

• InComm & ValuAccess partner to expand prepaid market in Hong Kong.

• Las Vegas Review-Journal reports Kabbage helps e-tailer keep the orders moving.

• FreeMonee wins Bronze Stevie Award in 2012 American Business Awards.

• ChecknGo FinLab Blog interviews Casper Wong of CommunityLend.

• Capital Access Network announces increased availability of small business loans through subsidiary, NewLogic Business Loans.

• Bill.com named 2012 Product of the Year by the Business Intelligence Group.

• InComm launches prepaid products in Brazil, partners with Peela.

• Dwolla re-launches developers portal to make it more user friendly.

• PC Mag recommends Dashlane to protect your password.

• Number of small business owners using Lendio increased by 12x YOY in Q2.

• ProfitStars announces remittance solutions for its relationship with the Independent Community Bankers of America (ICBA).

• Rumors suggest Xero to announce acquisitions at annual conference.

• E27 features PlayMoolah.

• Bill.com recognized as a JMP Securities "Hot 100" Software Company for third consecutive year.

• The Bank Of Marion selects Continuity Control for compliance platform.

• Des Moines Register reports Inc. Magazine names Dwolla's Milne to 2012 30-under-30 list.

• Deutsche Card Services and AcceptEmail sign partnership.

• Bill.com announces its cash mgmt feature that completes the Cash Flow Command and Control System.

• Programmable Web considers Confident Technologies' approach to security.

• Wall Street Survivor launches to the public.

• Billeo launches ZipThru Pay and ZipThru Buy to make bill payment and shopping even easier.

• Jingit hires Tom Venable as the company's Vice President of Revenue.

• Netbanker highlights Simple's Safe to Spend balance feature.

• Money Week discusses non-traditional banking methods such as Zopa and Wonga.

• Radware and Check Point Software Technologies form partnership.

• miiCard wins "Technology Innovation in Financial Services" at the 2012 Digital Technology Awards.

• Mint.com partners with Zillow to give users home valuation reports.

• Monitise seeks Bankers for possible LSE switch.

• Mobile Payments Today reports Dwolla is out to change the way money moves.

• Bill.com wins Stevie Award for customer service.

• Russian NOMOS-BANK launches Figlo Platform for its premium banking customers.

• Check out VC funding trends in financial services startups.

• Cartera Commerce raises $12.2 Million in growth equity.

• Braintree expands payments gateway to merchants in 30 countries.

• Lending Club receives $15 mil from Kleiner, Mary Meeker joins board.

• ThreatMetrix positioned as a "Visionary" in the Magic Quadrant for Web Fraud Detection.

• MyBankTracker reviews SaveUp.

• Clairmail awarded 2012 Best Mobile Application or Service.

• mFoundry launches mobile banking solution for Eli Lilly Federal Credit Union.

• City National Bank partners with Cachet Financial Solutions and Panini to deliver RDC to Mac users.

• Bill.com receivables wins ninth annual Tax and Accounting Technology Innovation Awards.

• Bill.com integrates with NetSuite to deliver seamless, cloud-based financial management.

• Inc.well interviews Candace Klein, CEO of SoMoLend, about crowdfunding.

• Virtual Piggy partners with World Industries.

• Wonga launches in South Africa.

• American Banker considers if Dwolla is a threat or opportunity for banks.

• Soshable covers Klarna, CoverHound, Giftly, ZipZap, BillGuard, Dwolla and Virtual Piggy.

• The Next Web takes a closer look at the tech that powers LearnVest.

• BCSG partners with Sage to offer MyBusinessWorks customers the bookkeeping application Sage One Accounts.

• ValidSoft announces partnership with Spindle to provide advanced payments security solutions to US-based customers.

• Fast Company names Laura Mather, Founder and Chief Visionary of Silver Tail Systems, as one of the Most Creative People in Business.

• CU Insight reports cbanc Network Reaches 10,000 Users Milestone.

• Simple launches iPhone app.

• Bill.com Wins Barlow Research Client Conference Innovation Showcase Award.

• Clairmail Wins San Francisco Business Times Tech and Innovation Award.

• AcceptEmail and TrustWeaver announce partnership.

• PYMNTS News reports Acculynk announces Alaska option issuers enabled with PaySecure internet PIN debit.

• Aptys Solutions Offers Financial Institutions Affordable Archiving Alternative.

• peerTransfer partners with Boston College.

• L' atelier reports FreeMonee brings banks, customers & businesses together through promotional offers.

• The Washington Post interviews Dwolla's Ben Milne.

• Amex partners with InComm to reload its prepaid cards.

• Spend Matters explores how Tradeshift's Cloudscan makes e-invoicing sexy.

• Business Insider shares how to use JemStep to see if your broker is wasting your money.

• ReadyForZero helps users pay off $12.5 million in debt, launches savings platform.

• Kabbage partners with drop ship wholesaler Doba.

• AlwaysOn selects Bill.com as a 2012 OnDemand Top 100 winner.

• Gov Info Security interviews Authentify CEO Peter Tapling about authentication.

• Kea interviews Xero CEO Rod Drury.

• Ping Identity partners with Winvale, a gov't tech solutions provider.

• Fox Business News looks at how to get more money from Kabbage.

• Bill.com unveils revamped user support.

• TechCrunch reports PayPal to unveil small business payments platform.

• Kabbage & Outright announce partnership.

• cbanc Network launches Backstage Pass to open its platform to vendors.

• How Kasasa helps community banks give megabanks a run for their money.

• Plastyc partners with IDology to make authentication more consumer friendly.

• Bank Technology News reports HomeDepot now accepts PayPal payments at all 2,000 retail stores.

• Des Moines Register interviews Jordan Lampe, Dwolla's director of communications.

• BancVue completes sale of $120 million credit card portfolio to First Arkansas Bank & Trust.

• Bill.com introduces CashView.

• ThreatMetrix launches program to report malware capabilities.

• Accounting Today selects Bill.com Receivables for its Top New Products of 2012.

• Diversinet names Dr. Hon Pak as CEO.

• Sallie Mae & peerTransfer partner to facilitate international tuition payments.

• Credit Karma celebrates 4-year anniversary.

• Reuters looks at FINRA and Brightscope to give more information on financial advisors.

• Omaha.com looks at how Dwolla survived the downturn.

• Weemba celebrates 6 months of operation, unveils operating stats.

• Handpoint Headstart wins 2012 Channel Awards.

• WorkLight launches special program for enterprise mobile and ISV developers.

• TRUSTe certifies miiCard's website to display the TRUSTe Web Privacy Seal.

• Clifford Change law firm deploys Check Point software for a network security solution.

• Financial Post highlights planwise.

• Bill.com helps banks offer business customers a more powerful payment, invoicing, and cash management platform.

• SC Magazine considers ValidSoft's view of voice biometrics. Come see ValidSoft at FinovateEurope Feb. 7.

• Huffington Post recommends Mint.com, HelloWallet, Credit Karma, TradeKing, ReadyForZero, & Betterment for college students.

• Q2ebanking selects Matt Flake as new CEO.

• Doxo looks back at 2011 achievements.

• Maine Public Broadcasting Network profiles CashStar.

• Sky News features BOKU.

• Ryan Alfred, BrightScope CEO, & Alexa VonTobel, LearnVest CEO, also make Forbes list of "30 under 30".

• Bank Technology News describes how Bill.com uses capital infusion to build a cash flow dashboard for businesses.

• SecondMarket's homepage gets a makeover.

• The CBS Early Show features Weemba, Lighter Capital, and Rebirth Financial.

• A total of 34 companies received funding, some more than once
• The companies collectively raised over $423 million dollars
• The months with the highest number of companies receiving funding were June August, both with 8 companies
• The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million

To learn more about Bill.com, watch its FinovateSpring 2011 demo.

"Simple to use, but extremely powerful, Bill.com's product offering was selected as a Best in Biz frontrunner due to its keen ability to help SMBs 

streamline their tedious bill pay and receivables processes"

• FeeFighters shares its web traffic spikes from being in TechCrunch articles.

• Monitise launches mobile checkout service.

• Fox Business News mentions how Tyfone is helping to retrofit cellphones with NFC capability.

• Reuters reports how Lending Club uses consumer sentiment towards banks as an opportunity.

• Striata selected by Securitas, a growing security company in South Africa, to provide eBilling & ePayment to customers.

• ThreatMetrix deploys multi-layered data encryption architecture in new release of Cloud-Based Fraud Prevention Platform.

• Iowa-based UNI CU and W.Va-based WV United FCU sign on for Dwolla's FiSync.

• MyBankTracker compares Offermatic to Groupon and Womply.

• Linkable Networks (formerly Clovr Media) partners with 24/7 Real Media to tap into card linked offers.

• Wade Arnold, T8 Webware CEO, is selected for The Courier's Class of 2011 20 Under 40 award.

• ReadyForZero launches new blog.

• Bill.com's paperless bill management wins silver award.

• Simple explains its new "Simple" name.

• DoughMain launches financial education game Sand Dollar City.

• CNNMoney highlights Lendio and On Deck Capital.

• BillGuard CEO, Yaron Samid, shares lessons learned as a startup entrepreneur.

• Expensify listed as 1 of 7 software makers to bring integrated, cheaper add-ons to Google Apps.

• The Globe and Mail lists Wikinvest as a tool to help ordinary investors dig through the data.

• Investors.com explains the benefits of using Yodlee to track your finances.

• Fast Company examines Betterment and BillGuard's  #occupywallstreet event.

• Dwolla alters its registration process into a more pleasant experience.

• FTRANS raises $1 million.

• VentureBeat explains how Prosper is helping to support the #occupywallstreet protesters.

• peerTransfer partners with 30 new universities.

• Bill.com receives "Awesome Add-On" award.

• Social Lending Network provides details on Prosper's recent round of funding.

• Balance Financial launches professional platform.

• Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
• Kabbage had the highest percentage growth year-over-year, up 280x.
• Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
• SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.

• Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
• Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
• Betterment had the highest percentage growth year-over-year, up 88x.
• Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million. 

• Fiserv had the highest month-over-month percent growth, with 50% more visitors.
• CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
• S1 also had a high percentage growth year-over-year, doubling its visitors.

It also includes new features such as:

• The addition of a Quick Response (QR) code on the invoice that allows the recipient to scan the code and link directly to their Bill.com Payment Portal.
• The ability to integrate with QuickBooks and Peachtree accounting software

To learn more about Bill.com, watch its FinovateSpring 2011 demo here.

Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate. 

Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.

Private Companies
The 44 private companies are as follows:

Notable successes:

• Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
• HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
• Betterment saw its traffic increase an impressive 38 times from May of last year.

Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

Public Companies
The 18 public companies are as follows:

Notable successes:

• PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
• TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
• Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.

Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011 

Source: Compete.com retrieved June 29, 2011

_____________________________________________________________________________

Notes:

1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because: 

• They had been acquired.
• They were no longer available online.
• They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
• The number of unique visits was too small to be considered accurate.
• They were subdomains of larger websites.

2. Numbers have been rounded to three significant digits.

3. The charts include companies that did not have measurable traffic in May 2011, indicated by "N/A."

4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.