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This is a part of our live coverage of FinovateSpring 2013.
 Next, Braintree showcased how its Venmo Touch saves consumers time:
"Venmo Touch eliminates the need to constantly re-type your credit card information when making purchases on your mobile device. It provides a connective layer across all the apps on your phone, designed to make every payment in a new app as easy as buying a song in iTunes.
The next time you enter your card details in one of the apps in our network, just check "Save card with Venmo." When you use other in-network apps on the same device, you will see the option to use the saved card to pay with just a single touch."
Product Launch: January 2013
HQ: Chicago, IL Founded: 2007 Metrics: Braintree has raised $70M through a series A from Accel Partners and a series B led by NEA (New Enterprise Associates) with contributions from Accel, RRE Venture, and Greycroft. We process $6B in transaction annually, $2B of which is on mobile, from over 4,000 different merchants. All of this is powered by a team of only 120-150 employees. Twitter: @braintree
Presenting Andrew Kortina (Co-Founder, Venmo)
 Braintree's Bryan Johnson provides columnist James Altucher with an example of "how to go from $0 to $1,000,000 in two years." See Braintree demo at FinovateSpring in San Francisco.
- TransactionAge takes a look at Klarna as an alternative to Google Wallet.
- Digital Mailer's My Virtual StrongBox deployed by Redstone Federal Credit Union.
- Investment News features Finect, a social network for financial advisors. Join them in San Francisco for FinovateSpring.
- miiCard partners with Bitcoin Exchange Platform, Tradehill.
- Innovation Agency updates Innovation Café to support formal judging process and integrated rewards payment process.
- TIO Networks announces partnership with mobile app developer iFactor Consulting.
- Bloomberg Businessweek reports: On Deck Capital Targets Businesses Banks Won't Touch.
- David Barrett, Expensify CEO, interviewed on SkyNews to talk about Bitcoin. Come check out what's new at Expensify at FinovateSpring next week.
- Best Vendor profiles Gremln. See them in action at FinovateSpring in San Francisco.
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.
- Newfination interviews Adhil Shetty, founder and CEO of BankBazaar.
- Pymnts.com features TipRanks Financial Accountability Engine. Join TipRans in San Francisco for FinovateSpring.
- Klarna co-founder Niklas Adalberth talks about hyper growth in Europe.
- InvestmentNews columnist takes a look at Finect. See them demo at FinovateSpring in May.
- Yodlee forms partnership with London fintech incubator Level39.
- Virtual Piggy wins The National Parenting Center's 2013 Seal of Approval under the Websites category. See it demo live at FinovateSpring.
- Signifyd receives the Merchant Risk Council's 2013 Emerging Technology Award in the startup company category. Come see it demo live at FinovateSpring.
- Engadget reports: PayPal and Discover expand partnership, will reach 2 million stores by year-end.
- PandoDaily looks at Xero's stealth period.
- Billhighway partners with the Automation Alley Fund organization.
- Braintree hires Google Wallet co-creator &
former Square employee Rob von Behren as lead software engineer.
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.
- Webmasterchecks drops PayPal and makes Dwolla its exclusive payment service provider.
- Mobile World Live considers Braintree's offline strategy. Come to FinovateSpring to check out its live demo.
- Kony Solutions talks to banks about selling shares in a public offering as early as this year.
- Xero releases updates that facilitate payroll reporting.
- Chicago Tribune takes a look at TipRanks. Join TipRanks in San Francisco in May for FinovateSpring.
- Alliance Data Retail Services reports on its geofence pilot program with Locaid.
- EyeVerify wins third eyeprint patent for its mobile security technology. See them demo at FinovateSpring.
- ACI Worldwide announces latest version of ACI Issuer, a cost-savings solution for card-issuing and account management.
- Actiance partners with Symantec to provide integrated compliance, eDiscovery and archiving for social business.
- BrightScope brings Nerd's Eye View publisher Michael Kitces to its advisory board.
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.
 AG Beat features Entrepreneurial Finance Lab.
- BSCG, Mitek, and Yodlee selected as Monarch B2B Innovation Award Winners.
- Lodo Software appoints Matthew Lawlor, former founder & CEO of Online Resources, to board of directors.
- South African Logistics Company implements Kofax Software to Automate HR. Watch Kofax demo live at FinovateSpring.
- Business Credit Radio features Sue Heilbronner, PaySimple's Chief Growth Officer.
- American Banker highlights Plastyc's unique approach to serving prepaid card users. Watch Plastyc's demo at FinovateSpring.
- Mati Greenspan, senior investment consultant at eToro, explains how eToro will soon support Bitcoin.
- American Banker looks at Braintree's multi-merchant approach. Come see Braintree demo at FinovateSpring.
- Live Science considers how Narrative Science
automates journalism and report generation. See Narrative Science's live demo at FinovateSpring.
- Quantopian announces algorithm development competition. The company will demo at FinovaeSpring in May.
- Bank Innovation reports: Intuit will continue to support FinanceWorks.
- Reuters takes a look at TipRanks. See them demo at FinovateSpring.
- eDeposit announces major new features in upgrade of mobile app.
- TradeHero a winner at Echelon Singapore Satellite pitch competition.
- INTJ Capital gives kudos to Quantopian's decision to provide for external data sets. Join Quantopian in San Francisco for FinovateSpring in May.
- American Banker interviews Green Dot CEO and founder Steven Streit. See Green Dot demo at FinovateSpring.
- Realty Mogul is among the companies highlighted in Upstart Business Journal column on crowd funding. See them demo at FinovateSpring.
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.
- Yodlee launches first phase of new Developer Portal.
- VentureBeat looks at how PayPal's new credit alternative for merchants simplifies financing.
- TechCrunch reviews Braintree's Venmo Touch. Come see its live demo at FinovateSpring.
- Yandex announces redesign of homepage that's 50% faster than the previous one. Check out Yandex and FinovateSpring.
- Prosper works with the Securities Division of WA's Dept of Finance to allow Washington residents to lend once again.
- Life360 deploys Locaid to provide customers with free location lookups via smartphone.
- Dignity Folklorist reviews Pageonce for iPhone.
- Business2Community features Wallaby 2.0 for Android.
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.
 Last week, online payments solutions company Braintree announced the beta launch of Venmo Payouts. This new service provides small businesses with an API to help them pay multiple independent contractors. The API removes checks from the payment process, enabling small businesses to pay their contractors via email or a phone number. In turn, the contractors receive payment in their account by the following day. It's priced at 25 cents per payment, but it lessens small businesses' accounting headaches and helps contractors get paid more quickly. Braintree acquired New York-based Venmo for $26 million in August of last year.   Additionally, the Chicago-based company announced a partnership with TaxCloud, a tax management service for online retailers. This partnership will provide Braintree merchants a free way to collect and manage sales tax online. Braintree demoed at FinovateSpring 2011 and will be on the FinovateSpring stage next month in San Francisco.
 PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards. Three Finovate alums were selected as overall Best in Show winners: First place: Pangea Payments- 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
Silver - 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
Bronze - 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
- Bella Dati opens office in Singapore.
- Business solutions company Neopost USA to use Striata as its electronic document delivery partner.
- Mitek facilitates more than $40 billion in check deposits.
- GigaOM reports Braintree's recent move overseas helps double its payments volume to $8B.
- Blackhawk Network files for IPO of up to $200 million.
- miiCard 1 of 50 listed on the 2013 FinTech 50 Watchlist, a list companies in Europe that are redefining financial services.
- Kashoo to partner with InfoStreet's SkyDesktop.
- Consumers.com asks whether Klarna will become a "major player" in online payments.
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.
 Rescuecom highlights TransferWise as low cost, currency conversion option.
- Acculynk's Payzur brings person-to-person payments to consumers on PULSE debit/ATM network.
- Compass Plus helps Russian-based FI SwitchMaster reach processing benchmark.
- ekmPowershop announces partnership with EZBOB.
- American Banker reports: Planwise to Participate in Yodlee's Incubator Program.
- BillHighway hires new CFO.
- Arroweye Solutions reports 40% growth due to 175% uptick in open loop card production, added 27 new clients in 2012.
- Bill.com to provide Frantopia with accounting services.
- Prosper unveils new protection for lenders.
- The Next Web reports: Tradeshift adds support for accounting services Sage and Kashflow, helping businesses get paid.
- Forbes considers how SoMoLend provides capital to small businesses.
- VentureBeat reports SecondMarket is partnering with CircleUp to allow investors to invest in up-and-coming consumer product businesses.
- Thomaston Savings Bank selects Q2ebanking's full suite of ebanking solutions.
- HiddenLevers launches portfolio stress testing app to help advisors generate leads.
- Fiserv awarded Best-in-Class rating in 2012 Anti-Money Laundering Technology Review.
- Gifting app Wrapp selects Braintree to power payments.
- Pageonce adds person-to-person payment functionality to mobile app.
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.
- TechCrunch reports Braintree's New Payments Layer Lets Users Sign Up For Apps Without Re-Entering Their Credit Card Data.
- Mitek and Allied Payment Network Expand Availability of Mobile Photo Bill Pay.
- Backbase and iQStore sign partnership agreement for Russian market.
- Xero integrates with Harvest, a time tracking and invoicing software company.
- CNBC's Squawk on the Street features BOKU.
- HID Global partners with BehavioSec to improve fraud detection system.
- Facebook integration, customer management features added to Flint mobile app.
- ACI Worldwide to buy Online Resources for more than $120 million.
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.
 SaveUp begins Stamp Card rewards program. Collect 10 stamps and redeem card for reward.
- Chargebee blog features Braintree as a payment gateway integration optionin the U.K.
- Firmology reports on new Dwolla features: Send Money to Non-Dwolla Users and Split Payments for Multiple Facilitators.
- eToro launches YouTube channel for free trading lessons.
- The M Report features BankersLab's Banc-it: Scoring Edition app.
- Dexter Credit Union implements Q2ebanking's full suite of eBanking solutions.
- Locaid partners with CAMS to provide solutions for mobile gaming industry.
- Jingit chooses Direct Source as its preferred systems integration partner.
- Compare Broker reviews the latest developments in the Zecco/TradeKing merger.
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.
Here is a list of all the funding Finovate alumni received over the course of 2012.
After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
- A total of 44 companies received funding, some more than once in 2012
- Combined, more than $450 million was raised
- The best quarter for raising capital was the first quarter when more than $150 was raised
- The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January -- $25 million raised by 3 companies
February -- $57 million raised by 5 companies Capital Access Network: $30 million -- blog post
March -- $68 million raised by 3 companies
April -- $2.5 million raised by 1 company
May -- $55.5 million raised by 5 companies
June -- More than $62 million raised by 8 companies Affinity Solutions: $14.5 million -- blog post
July -- $6 million raised by 2 companies
August -- More than $49 million raised by 6 companies* The Currency Cloud: $3.1 million -- blog postContinuity Control: $2.25 million -- blog post
September -- More than $59 million raised by 5 companies
October -- $37 million raised by 2 companies The Currency Cloud: $1.9 million -- blog post
November -- More than $23 raised by 4 companies
December -- More than $16 million raised by 4 companies Controlabill: $570,000 (A$600,000) -- blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.
- HelloWallet launches new design for web app.
- TIO Networks signs 5 yr agreement with City Utilities of Springfield to provide financial services.
- TechCrunch reports Tradeshift Lands Huge Global Client For Its New CloudScan Product.
- FutureAdvisor wins Bronze in Best in Biz Awards 2012.
- Finextra reports Artisans' Bank chooses Andera oFlows for online deposits.
- American Banker reports CFPB to Collaborate with Startups BillGuard, Plastyc and Simple.
- Ping Identity ranked Number 166 Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500.
- Braintree expands to Australia, Providing Sophisticated Payment Tools for Australian Merchants.
- Kony Solutions opens Brazilian office, announces Itau Unibanco as a client.
- Allfiled today announced the addition of miiCard verified identities to its personal data service platform.
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.
- Cortera to open new office in Boston.
- American Banker reports Mitek Plans Driver's License Authentication, Mobile Pay Software.
- The Next Web reports Braintree and LightSpeed team up to launch new payment plan for merchants.
- Finovate takes an in-depth look at Manilla's account management platform.
- Emida partners with Global Business Services and The Mint Corporation.
- The Currency Cloud raises $1.9 Million.
- The WSJ takes LearnVest for a test drive.
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.
- ReadyForZero unveils ReadyForZero Plus.
- Informilo names The Currency Cloud one of Europe's top 25 hottest early stage companies.
- Trading Forex Foundation reviews ayondo. Come see Ayondo's live demo at FinovateAsia on Nov. 6 in Singapore.
- Braintree Rakes in $35 Million in Series B Funding.
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.
 Yesterday Chicago-based payment platform, Braintree, announced it raised $35 million in capital. Contributors to this Series B round include: - New Enterprise Associates
- Accel Partners
- RRE Ventures
- Greycroft Partners
The $35 million matches the funds of the Series A round Braintree received in June of last year, bringing its venture funding total to $69 million. To learn more about Braintree, watch its FinovateSpring 2011 demo.
- InComm celebrates 21 years in the payments industry.
- Backbase introduces My Backbase, a platform supporting integrators, partners, professionals, prospects and customers.
- ID Analytics and iovation partner to fight online fraud.
- Yodlee strengthens management team with three key executives.
- The Financial Brand features SaveUp's saving gamification model.
- Monitise announces partnership with eMerit Solutions.
- Fenergo enhances FATCA Compliance Solution with auto-classification.
- Cortera appoints Gary Brooks as Chief Marketing Officer.
- Entrepreneur Magazine features the success of a business recieving financing through Lighter Capital.
- Geezeo signs Riverside Community CU.
- TechCrunch reports: Braintree eases signup process for developers
- Money Marketing takes an in-depth look at FinovateFall demos.
- MyBankTracker reports MoneyDesktop launches Sleek Mobile Apps.
- New Dutch bank uses Figlo Platform to offer online financial overview.
- Citi using Statement Rewards from Truaxis to bring card linked offers to cardholders.
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.
Chicago-based payment gateway, Braintree announced yesterday that it acquired social payments platform, Venmo, for $26 million in cash and stock. Venmo is a consumer-facing technology that processes around $10 million in payments monthly. With the acquisition, Braintree will integrate Venmo's technology into its existing software so that Venmo users can make transactions with their existing account. The 23-person Venmo team will maintain its peer-to-peer payment platform from its office in New York. In unrelated news, Braintree was ranked number 415 in the 2012 Inc 500 list. Here are some stats that Inc. published about the payments company: - It has grown more than 10x since 2008*
- 2011 revenue of $9.9 million
- 2011 employees numbered 60
To learn more about Braintree, watch its FinovateSpring 2011 demo. *Inc. 500 rankings are based on a 3-yr growth percentage.
- SoMoLend launches small business competition.
- The Next Web features Raphael Ouzan, BillGuard founder and CTO.
- The Washington Post looks at HelloWallet's move to D.C.
- TBA Services Company renews endorsement of Q2ebanking's services.
- Credit Union Journal reports Franklin Mint FCU Adds Geezeo.
- Braintree acquires Venmo for $26 mil, ranked 415 on Inc 500 list.
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.
- Inc. Mag features ReadyForZero & Tuition.io as tackling the student debt crisis. Check out Tuition.io at FinovateFall.
- Orlando Sentinel reports Kony Solutions is on cutting edge of app development.
- The Chicago Tribune reports Braintree to add 150 jobs.
- Check out Q2 funding for Finovate alumni: over $120 mil raised.
- ReadyForZero begins Smart Money Debate series.
- Netbanker reports: Bank Simple Innovations #1 & #2: Demo Mode After Login.
- MiiCard names RBS tech veteran Stephen Brannan chairman.
- BostInno features LearnVest. Come see LearnVest's new fintech at FinovateFall in NYC next month.
- Beloit Daily News looks at how 2 local businesses are using ShopKeep POS.
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.
Earlier this week, Forbes featured an article on payment gateway, Braintree. Throughout the two-page piece, the author reveals some interesting facts about the Chicago-based company. Here are some highlights: - Customers include OpenTable, Fab.com, Airbnb, Uber, Angry Birds, and Living Social
- The name Braintree comes from a town in Massachusetts that was home to Presidents John Adams and John Quincy Adams
- By the end of 2012, Braintree will employ at least 100 people
- Braintree's mobile client libraries are now at nearly $1 billion in mobile volume
- Braintree's clients are in 30 countries in Europe, Latin America, and Asia (its staying out of China and Japan because of regulatory issues)
CEO Bill Ready strives to make Braintree the iOS of payments. Forbes reports: "He wants Braintree's technology to be like Apple's (AAPL) operating system -- a way to make all the complexity of the payments infrastructure easier for developers to access without requiring them to know all of its nuts and bolts."
To learn more about Braintree, watch its FinovateSpring 2011 demo.
- Taulia provides Dynamic Discounting platform to Northgate Information Solutions.
- OANDA's trading app integrates StockTwits social commentary on currency & forex markets.
- TMC reports Locaid aids enterprises with secure location needs.
- Forbes publishes facts and stats about payment gateway, Braintree.
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.
- Zions Direct reviews Wall Street Survivor.
- Braintree partners With Spreedly to provide payment gateway services.
- Braintree hires Juan Benitez as CTO & SVP of Product and John Sturino as VP of Product.
- Tech News Daily features Dashlane. Come see its live demo at FinovateFall Sept. 12 and 13.
- ROXO adds Virtual Piggy as payment solution.
- Intuit listed in top 10 in India's Best Companies to Work for 2012.
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.
- Kabbage to provide Monsoon Commerce customers $20 million in capital.
- Paul Farmer joins Silver Tail Systems as CFO.
- BofA to provide Acculynk's PaySecure to enable PIN debit payments online.
- peerTransfer now supports Indian Rupee and 36 new partner schools.
- Angry Birds creator selects Braintree's payments platform.
- Continuity Control reels in $2.25 million in funding.
- CashStar receives $5 million in funding.
- Farm Credit Services of Mid-America selects ProfitStars for ALM reporting.
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.
- 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.
- 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.
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.
Payment gateway, Braintree, announced yesterday that its platform will soon be available internationally. Merchants in 30 countries (see below) will have access to Braintree's: - Merchant account
- Payment gateway
- Recurring billing
- Vault credit card storage
 The private beta will begin in the next few months, and the expansion will launch publicly in the 3rd quarter of 2012. Braintree also shared its plans to support local, non-credit payment methods and additional countries next year. To learn more about Braintree, watch its FinovateSpring 2011 demo.
- Q2ebanking partners with cybercrime prevention company, Trusteer.
- Kasasa's Tunes program pulls in Gen-Y checking customers.
- DR Power Equipment, partners with Bazaarvoice to manage consumer ratings and reviews. Come see Bazaarvoice at FinovateSpring.
- Check Point Software announces Check Point ThreatCloud, a collaborative network to fight cybercrime.
- Plastyc announces you can now add minutes to friends' & family members' phones abroad in 85 countries.
- Holtmeyer & Monson partners with ProfitStars.
- Bank Technology News reports Fiserv names Ally financial executive as CIO.
- ABC 7 San Fran covers BillGuard. Come see its live demo at Finovate Spring in San Fran May 8 & 9.
- GigaOM looks at how Braintree powers payments for hot startups.
- OpenCuro's payment module now available for Zen Cart.
- Balance Financial launches Portfolio Reporting, adds 2 board members.
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.
Payments solutions company, Braintree, recently launched a plugin that allows its payment gateway to be used by the 110,000 users of Magneto eCommerce Solutions. Since customer credit card information is stored in the Braintree Vault, Magneto users benefit from a reduced PCI compliance burden and helps merchants drive sales. Bill Ready, Braintree CEO states: "By keeping all credit card data secure in our Vault, we make PCI compliance much simpler and easier for merchants to achieve. The Braintree Vault also allows merchants to implement a card-on-file feature which helps merchants increase their conversion rate at checkout."
Braintree processes over $4 billion in credit card transactions annually. To learn more about Braintree watch its FinovateSpring 2011 demo.
- Fiserv wins Celent's XCelent Award for enterprise-wide compliance solutions.
- USA Today Money columnist recommends TradeKing & Zecco as platforms for investing in stock.
- Productive Web Apps features CoverHound.
- The Seattle Times discusses the benefits of BillGuard.
- Braintree's payment gateway available for Magneto users.
- Prosper adds 13 new loan categories for borrowers.
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.
- Kashoo partners with PaymentEvolution to solve accounting and payroll issues.
- Identity Theft 911 selected by Heartland Bank to Provide ID theft protection to customers.
- cbanc Network opens online repository of financial content to vendors.
- Mortgage Finance Gazette reports Zopa members lend £8.2 million in January, its biggest month ever.
- TechCrunch reports DailyWorth partners with Mint.com to help women with financial advice.
- Braintree names David Corken COO.
- CoVantage CU selects Tyfone for mobile wallet.
- ReadyForZero chosen "Best in Category" in the inaugural Interaction Awards.
- Actiance partners with security integrator AltaTek.
- Figlo shows its platform on Samsung SUR40 at ISE 2012.
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.
To wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year.
The results were impressive:
- 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
Here is a month-by-month breakdown of funding received:
January -- $40.8 million raised by 3 companies February -- $10.3+ million raised by 3 companies
March -- $20.4 million raised by 4 companies
June -- $124.4 million raised by 8 companies
July -- $1.1 million raised by 1 company
August -- $103.4 million raised by 8 companies
September -- $33 million raised by 1 company October-- $22 million raised by 2 companies November -- $16.3+ million raised by 3 companies December -- $52.2 million raised by 5 companies Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
- The Wall Street Journal recommends Braintree & PayPal as online payment platforms.
- Dwolla reports there are more merchants using Dwolla in San Francisco and New York City than there were in Des Moines 1 year ago.
- Accounting web recommends using Xero to automate business accounting.
- Mootwin receives 4 million euro in series B funding round.
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.
- BrightScope plans to tweak its blog & redesign its homepage.
- SimpliFi wins four Achievement in Marketing awards from Columbus chapter of American Marketing Association.
- New York Shop Exchange interviews Brock Blake, Lendio CEO, about small business loans.
- MyBankTracker looks at Yodlee's FinApps and the evolution of Mobile Banking.
- Fifth Third Bank launches mobile banking apps powered by Clairmail.
- TechCrunch reports Braintree receives investment from Capital One co-founder, Nigel Morris.
- Currensee launches Trade Leaders Program for institutional clients.
- TechCrunch explores the differences between Mint.com and HelloWallet's mobile apps.
- Family blogger Darcy shares five of DoughMain's features.
- Xero doubles its customer numbers, gains traction overseas.
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.
- Reuters highlights how ReadyForZero benefits those in debt.
- Braintree continues rapid growth -- now processing $10 million daily.
- doxo adds AT&T as a biller and launches new feature.
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.
Last week, Inc. Magazine released its list of the 5000 fastest-growing, private U.S. companies. Five* Finovate alumni made the list, all in the top 1000. Three made the top 500 and one was in the top 50.
BraintreeRank: 47 Description: Assists businesses in processing payments by providing a merchant account, payment gateway, recurring billing service, and helping with PCI compliance. 3-year revenue growth: 40x 2010 revenue: $4.6 million 2007 revenue: $100,000 Employees: 27 Employee growth: 25 Founded: 2007
 Rank: 309 Description: Helps business owners find capital by matching them with banks, lenders, or other funding sources. 3-year revenue growth: 11x 2010 revenue: $8.6 million 2007 revenue: $740,000 Employees: 45 Employee growth: 24 Founded: 2005
 Rank: 377 Description: Offers secure online banking, payment, and security solutions. 3-year growth: 10x 2010 revenue: $18.5 million 2007 revenue: $1.8 million Employees: 118 Employee growth: 73 Founded: 2004
 Rank: 597 Description: Consults with community banks and credit unions to offer them innovative products and marketing. 3-year growth: 6.4x 2010 revenue: $57.1 million 2007 revenue: $8.9 million Employees: 305 Employee growth: 193 Founded: 2005
 Rank: 760 Description: Provides a secure and easy method of populating payments and checkout forms. 3-year growth: 5.2x 2010 revenue: $3.1 million 2007 revenue: $580,000 Employees: 15 Employee growth: 3 Founded: 2006
_______________________________________________________________________ *Methodology: "Companies are ranked according to percentage revenue growth from 2007 through 2010. To qualify, companies must have been founded by, and be generating revenue by, March 31, 2007. Additionally, they had to be based in the United States, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.)
The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. Revenue figures given in the company profiles are for calendar years, as are employee counts. Full-time and part-time employees are included in the employee counts; independent contractors are not."
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