Blog

Topics

Recently in Braintree Category

Finovate Alumni News-- April 17, 2012

By Julie Schicktanz on April 17, 2012 10:24 AM

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.

Equifax launches new mobile app.

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.

Braintree's Payment Gateway Available for Magneto Users

By Julie Schicktanz on April 2, 2012 1:22 PM

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.

Finovate Alumni News-- April 2, 2012

By Julie Schicktanz on April 2, 2012 11:13 AM

Fiserv wins Celent's XCelent Award for enterprise-wide compliance solutions.

USA Today Money columnist recommends TradeKing & Zecco as platforms for investing in stock.

The Mortgage Professor takes a look at Credit Sesame.

Productive Web Apps features CoverHound.

The Seattle Times discusses the benefits of BillGuard.

Army Times covers SaveUp.

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.

Finovate Alumni News-- February 10, 2012

By Julie Schicktanz on February 10, 2012 12:23 PM

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.

Expensify launches on Android platform.

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.

2011 Funding for Finovate Alumni-- Over $423 Million Raised

By Julie Schicktanz on December 22, 2011 2:06 PM

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

Kabbage: $6.7 million -- Blog post

Kony Solutions: $19.1 million -- Blog post

On Deck Capital: $15 million -- Press release

February -- $10.3+ million raised by 3 companies

eToro: $8.3 million -- Press release

Plastyc: $2 million -- Blog post

SecureKey: Undisclosed -- Blog post

March -- $20.4 million raised by 4 companies

Bobber Interactive: $1.4 million -- Press release

Credit Sesame: $6.2 million -- Press release

Finsphere: $1.8 million -- Blog post

Guardian Analytics: $11 million -- Blog post

June -- $124.4 million raised by 8 companies

Balance Financial: $1.5 million -- Blog post

Braintree: $34 million -- Blog post

Dynamics: $35 million -- Press release

eWise: $14 million -- Blog post

Prosper: $17.2 million -- Press release

Silver Tail Systems: $20 million -- Blog post

Ftrans: $650,000 -- Blog post

Lendio: $2 million -- Blog post

July -- $1.1 million raised by 1 company

Continuity Control: $1.1 million -- Blog post

August -- $103.4 million raised by 8 companies

edo Interactive: $20 million -- Press release

Kabbage: $17 million -- Blog post

Lending Club: $25 million -- Blog post

miiCard: $900k -- Press release

On Deck Capital: $19 million -- Blog post

peerTransfer: $7.5 million -- Press release

Simple (Formerly BankSimple): $10 million -- Blog post

Xero: $4 million -- Press release

September -- $33 million raised by 1 company

Cardlytics: $33 million -- Blog post

October-- $22 million raised by 2 companies

BillGuard: $10 million -- Blog post

CashStar: $12 million -- Press release

November -- $16.3+ million raised by 3 companies

Braintree: Undisclosed -- Blog post

Ftrans: $1.3 million -- Blog post

SecondMarket: $15 million -- Press release

December -- $52.2 million raised by 5 companies

Bill.com: $15.5 million -- Press release

Kabbage: $12 million -- Press release

mFoundry: $18 million -- Press release

MOOTWIN: $5.5 million -- Blog post

Plastyc: $1.2 million -- Blog post

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.

Finovate Alumni News-- December 12, 2011

By Julie Schicktanz on December 12, 2011 9:41 AM

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.

Street Fight podcast highlights HelloWallet.

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.

Finovate Alumni News-- November 21, 2011

By Julie Schicktanz on November 21, 2011 10:39 AM

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.

Finovate Alumni News-- November 3, 2011

By Julie Schicktanz on November 3, 2011 7:42 AM

Reuters highlights how ReadyForZero benefits those in debt.

Advise.me partners with Xero.

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.

Five Finovate Alumni Listed in Inc. 1000

By Julie Schicktanz on September 9, 2011 11:15 AM

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.

Braintree

Rank: 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

Braintree's FinovateSpring 2011 demo

Lendio

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

Lendio's FinovateSpring 2011 demo

Q2ebanking

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

Q2ebanking's FinovateSpring 2011 demo

BancVue

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

BancVue's FinovateSpring 2011 demo

Billeo

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

Billeo's FinovateSpring 2011 demo

_______________________________________________________________________

*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."

New Funding for Braintree, Dynamics, and Finsphere

By Julie Schicktanz on July 14, 2011 3:00 PM

Recently, three Finovate alumni reached significant funding milestones.

New Round

$14 million Series A funding from Accel Partners

Profile

Market Position: Online Payment Processing

Founded: 2007

Location: Chicago

Description

Braintree is a business credit card processor that provides:

Merchant accounts
Payment gateways
Recurring billing
Credit card storage

More Information

TechCrunch

Braintree's FinovateSpring 2011 demo

New Round

$35 million Series B funding from Bain Capital Ventures

Funding History

$5.7 million Series A funding in 2009

Previous Investors

Adams Capital Management

Profile

Market Position: Interactive Payment Cards

Founded: 2007

Location: Pittsburgh, Silicon Valley, New York City

Description

Dynamics' use of programmable magnetic stripes on payment cards increases security with its four payment card products

Hidden: Hides the card number until a user enters his pin on the card.
MultiAccount: Holds two accounts on one card, allowing the user to choose which to use.
Redemption: Allows the user to choose between using rewards or credit for in-store purchases.
Dynamic Credit Card: Writes a new security code onto a magnetic stripe for every in-store purchase.

More Information

Press Release

Dynamics' FinovateFall 2010 demo

New Round

$1.75 million from undisclosed investor

Funding History

$9.9 million in June 2008

$9 million in July 2009

$1.75 million in March 2011

Previous Investors

Shasta Ventures, Mohr Davidow Ventures, Frazier Technology Ventures, and Bezos Expeditions

Profile

Market Position: Identity Fraud Protection

Founded: 2007

Location: Bellevue, Washington

Description

Finsphere helps reduce Identity fraud for businesses and individual consumers. Its core product, PinPoint Fraud, validates a user's identity by comparing the location of their mobile phone with that of the credit or debit card transaction.

More Information

GeekWire

Finsphere's FinovateFall 2010 demo

Alumni News -- Week of June 27, 2011

By Julie Schicktanz on July 6, 2011 8:51 AM

ActivePath

A top Brazilian card issuer implemented an ActivePath solution. Link

AlphaClone

AlphaClone incorporated new sentiment scores into its stock view pages. Link

Bills.com

Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link

Blaze Mobile

Blaze Mobile was awarded a patent for NFC on stickers. Link

BOKU

BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link

Braintree

Braintree received $34M in Series A funding from Accel. Link

Currensee

Reuters outlined the benefits of Currensee. Link

Credit Karma

Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link

doxo

doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link

Dwolla

Dwolla said its Grid payment network is more secure than Visa and MasterCard's card networks. Link

Dynamics

Dynamics raised $35M for computerized smartcards and payment systems. Link

eToro

Reuters outlined the benefits of eToro. Link

eWise

gotoBilling, Inc. added eWise's Secure Vault Payments as another payment platform. Link

Expensify

The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link

Fiserv

Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics

Yahoo! Finance reported that Guardian Analytics' FraudMAP is helping financial institutions meet FFIEC guidelines. Link

HelloWallet

HelloWallet was added to Mercer's Outsourcing business benefits administration. Link

Intuit

Intuit purchased Mobile Money Ventures' web banking technology to augment its mobile banking capabilities. Link

Kony Solutions

The American Business Awards selected Kony Solutions as the Most Innovative Company of the Year. Link

Lendio

The Launch blog highlighted Lendio. Link

Outright

Outright rolled out a new report function allowing clients to view sales by state. Link

PayPal

PayPal reached 100 million active users. Link

Profit Stars

Profit Stars introduced its new Remote Deposit Anywhere solution. Link

Prosper

Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link

The San Francisco Times reported on Prosper's growth. Link

Q2ebanking

Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link

SimpleTuition

SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link

SmartyPig

SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link

TradeKing

TradeKing implemented SunGard's MarketMap to deliver market data to its active trading platform. Link

UBank

Mashable highlighted UBank's feedback forum. Link

Voice Commerce

Voice Commerce launched a payment solution for the iPhone. Link

Wikinvest

PC mag reviewed Wikinvest's mobile app. Link

Xero

Tech Day assessed Xero's Debtor Daddy service. Link

« Boulevard R | Main Index | Archives | BrightScope »

Watch Demos

Click above for video archives of all demos.

Twitter

See all @Finovate tweets