Affinity Solutions

Finovate Alumni Raise $825 Million in 2013, Up 79%

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Apprenda, Azimo, Bill.com, BillFloat, Cardlytics, Check, Clover Network, CoverHound, Credit Karma, CurrencyFair, DeviceFidelity, Doxo, Dwolla, ERN, Fenergo, FinanceIt, Flint Mobile, FTRANS, Funding, Heckyl Technologies, Jemstep, Kofax, Kony Solutions, LearnVest, Lendio, LendUp, Meniga, Moven, Narrative Science, Numbrs, On Deck Capital, OpenCoin, P2BInvestor, Payfone, PayNearMe, peerTransfer, Personal Capital, Ping Identity, Prestadero, Prosper, Q2ebanking, Receivables Exchange, SafetyPay, SeedInvest, Socure, SoMoLend, Spreedly, SumUp, Swipely, Taulia, TradeHero, Tradeshift, TransferWise, True Office, Trustev, Tuition.io, Wealthfront, Wipit, Xero, Zooz

FinovateFundingIMG.jpg

Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
2013 funding summary:
    • 62 companies raised $825 million
    • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
    • October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
    • May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
2013YearEndTable.jpg
Quarter 1 — blog post
More than $155 million raised by 14 companies
January — $57 million raised by 6 companies
February — $56 million raised by 5 companies

March — $42 million raised by 4 companies


Quarter 2 — blog post
More than $205 million raised by 15 companies
June — $81.7 million raised by 6 companies
May — $91.5 million raised by 7 companies
April — $32 million raised by 2 companies

Quarter 3 — blog post
More than $171 million raised by 22 companies

July — More than $63 million raised by 8 companies
August — More than $26 million raised by 6 companies
September — $82 million raised by 9 companies
Quarter 4
More than $294 million raised by 17 companies

October— $177 raised by 6 companies
November — More than $87 million raised by 7 companies
December — More than $30 million raised by 6 companies

Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– October 7, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Acculynk, Affinity Solutions, Arroweye Solutions, Authentify, BellaDati, FIS, Kony Solutions, Place2Give, Prepaid Resources, Taulia
  • Finovate-F-Logo.jpgHydrantID selects Authentify’s Services to Strengthen Online SSL Certificate Delivery.
  • The Dexterity Ventures’ Place2Give team describes its time at FinovateFall 2013.
  • EBG Podcast interviews Taulia about dynamic discounting and common misunderstandings.
  • BellaDati launches version 2.7.5.3 with extended social networking capabilities, HANA platform connector, & 15 new stat functions.
  • Nous Infosystems signed with Kony’s partner program as a strategic reseller and implementation partner.
  • Affinity Solutions joins CardLinx Association as launch member.
  • Support for its PaySecure International solution growing in Indian e-commerce market, says Acculynk.
  • FIS launches first cloud-based, real-time, core banking utility for Central and Eastern European mid-tier banks.
  • Arroweye Solutions announces launch of EMV (Europay/MasterCard/Visa) On-Demand.
  • Prepaid Resources forms wholly-owned subsidiary, Trefoil Technology, LLC.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Second Quarter 2013 Funding for Finovate Alumni — More than $200 Million Raised

By David Penn Posted on
Categories: Affinity Solutions, Cardlytics, Credit Karma, Dwolla, Kony Solutions, On Deck Capital, OpenCoin, peerTransfer, Personal Capital, Receivables Exchange, SeedInvest, SumUp, Swipely, TransferWise, Zooz

FinovateLOGO.jpg

For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

  • Q2 2013: 15 companies raised more than $200 million
  • Q1 2013: 15 companies raised more than $155 million — blog post
  • Q2 2012: 14 companies raised more than $120 million — blog post
Here’s the Q2 summary for 2013:

April — $32 million raised by two companies
May — $91.5 million raised by seven companies
June — $81.7 million raised by six companies

_____________________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– June 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, ayondo, CashStar, Green Dot, Keynote DeviceAnywhere, Kofax, MiiCard, Mitek, Narrative Science, TIBCO Software

Finovate-F-Logo.jpg

  • miiCard partners with authentication company, Toopher, to help users and businesses more effectively fight fraud and secure new services online.
  • BBVA Compass deploys Mitek’s Mobile Photo Bill Pay.
  • TIBCO Software acquires StreamBase Systems.
  • Kofax issued patent that covers sending receipt confirmation for a fax.
  • AU Arts Hub profiles Narrative Science’s approach to journalism.
  • Cashstar announces patent for virtual gift card technology.
  • Keynote brings MITE Enterprise, DeviceAnywhere Enterprise to UFT users.
  • Green Dot to acquire Walmart’s reloadable prepaid card business, MoneyCard.
  • Affinity Solutions raises more than $21 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.

Share this:

Send Post Twitter LinkedIn Facebook

Affinity Solutions Raises More than $21 Million

By David Penn Posted on
Categories: Affinity Solutions

Thumbnail image for AffinityLogo2.jpg

With its latest round of funding, Affinity Solutions’ total financing tops $40 million.

This latest funding round was led by Massachusetts-based private equity firm, Chestnut Hill Ventures. The firm specializes in the commercial marketing and financial services industries, and provided more than $14 million in equity financing for Affinity Solutions a year ago.

Affinity Solutions says that the $21 million will go towards helping the company bring its marketing platform to market. Affinity Solutions currently has partnerships with more than 4,000 financial institutions, and more than 25,000 brick and mortar retail outlets.
This latest round of funding was a big jump up from the company’s most recent capital-raising effort: $6.75 million raised in February via a combined equity/convertible securities offering.
All told, Affinity Solutions’ fundraising over the past year:
  • $14.5 million in equity financing – June 2012
  • $6.75 million in equity/convertible financing – February 2013
  • $21+ million in funding – June 2013
Headquartered in New York, Affinity Solutions presented its technology at FinovateSpring in San Francisco in 2012. See the company in action here.

Share this:

Send Post Twitter LinkedIn Facebook

First Quarter 2013 Funding for Finovate Alumni– More Than $150 Million Raised

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Azimo, BillFloat, Clover Network, CoverHound, DeviceFidelity, On Deck Capital, PayNearMe, Prosper, Q2ebanking, SoMoLend, True Office, Tuition.io, Wealthfront
Finovate-F-Logo.jpg

This quarter, both January and Feburary funding exceeded $50 million. Most of February’s funding can be attributed to On Deck Capital’s $42 million round.

Over three months, 15 companies raised more than $155 million, This is very similar to last year’s first quarter funding* when we saw a total of 11 companies raise more than $150 million.

Here’s the Q1 summary for 2013:

January — $57 million raised by 6 companies
February — $56 million raised by 5 companies

March — $42 million raised by 4 companies

___________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 12, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Affinity Solutions, Bazaarvoice, BillGuard, Capital Access Network, eWise, Jemstep, MiiCard
  • Finovate-F-Logo.jpgCapital Access Network has provided SMBs access to more than $3 billion in working capital and facilitated 100k transactions since its inception.
  • Online CV certification service Veritas Vitae enlists miiCard to help eliminate CV fraud.
  • Forbes highlights BillGuard as 1 of 7 Tel Aviv-based startups.
  • Finextra reports Yorkshire Building Society taps eWise for PFM service.
  • Affinity Solutions to discuss brand loyalty, transaction-enabled marketing at Loyalty Expo 2013.
  • ACI Worldwide assures that it will maintain roadmaps, commitments to ORCC customers in wake of acquisition.
  • Bazaarvoice chooses Cohn & Wolfe as agency of record for North America.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Affinity Solutions Announces More than $6 Million Raised

By David Penn Posted on
Categories: Affinity Solutions

Thumbnail image for AffinityLogo3.jpgLoyalty program provider Affinity Solutions reported that the company had raised $6.75 million in a combined equity/convertible securities offering.

Two investors were involved in the offering, neither of which has been discovered.
Affinity Solutions has more than 100 employees and manages loyalty programs with more than 4,000 banks.  Founded in 1998, the company was last on the Finovate stage in the spring of 2012.  See their demo here.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 7, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Fuze Network, InComm, Kabbage, Lending Club, Moven, Movenbank, ReadyForZero, Thomson Reuters, True Office
  • Finovate-F-Logo.jpgMarket Watch’s Jennifer Openshaw reviews the ReadyForZero user experience.
  • Movenbank drops the “bank”, changes name to Moven. Come see the launch of its new features at FinovateEurope February 12 and 13 in London.
  • Kabbage appoints Simon Yoo, former co-head and managing director of Citigroup’s FI Group, as CFO. Come see Kabbage’s live demo at FinovateEurope.
  • Lending Club opens low-interest, fixed-rate personal loan platform to Tennessee residents.
  • Fuze Network guarantees no late fees for credit card payments made before noon CST on due date.
  • True Office partners with Thomson Reuters to develop new, ramified compliance applications.
  • Affinity Solutions raises more than $6 million in equity and convertible securities.
  • InComm wins in 4 categories in seventh annual
    Paybefore 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.

Share this:

Send Post Twitter LinkedIn Facebook

2012 Funding for Finovate Alumni– More than $450 Million Raised

By David Penn Posted on
Categories: ActivePath, Affinity Solutions, Arroweye Solutions, Banno, Bazaarvoice, Betterment, Boku, Braintree, Capital Access Network, Cartera Commerce, CashStar, Continuity Control, Controlabill, Credit Sesame, Currensee, DemystData, DoughMain, Dwolla, edo Interactive, eToro, Finsphere, FreeMonee, FutureAdvisor, Fuze Network, HelloWallet, Jemstep, Jingit, Kabbage, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SaveUp, SecureKey, ShopKeep POS, SoMoLend, The Currency Cloud, ThreatMetrix, Waspit, Xero, Yodlee, Zopa

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere 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
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 com
panies
ActivePath: $10 million — blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– December 17, 2012

By David Penn Posted on
Categories: Affinity Solutions, Andera, BellaDati, Betterment, Bill.com, Fiserv, Giftly, LearnVest, Lending Club, MiiCard, PayPal, Personal Capital, Stocktwits, Tyfone
  • FiservThumbnail image for Thumbnail image for Finovate-F-Logo.jpg launches mobile app for UChoose Rewards.
  • Affinity Solutions brings “Big Data” capability to card-linked offers.
  • StockTwits launches a new app for HootSuite.
  • Business Insider looks at Expensify’s team building trip overseas.
  • HelloWallet launches financial wellness workforce assessment for employers.
  • Des Moines Register considers Giftly’s remote gift card giving app.
  • American Banker reports Lawrence Summers, formerly one of President Obama’s top economic advisors, joins Lending Club’s board of directors.
  • Tyfone is expanding into Latin America through a deal with Protege Sistemas of Brazil.
  • Gesa Credit Union chooses Andera’s oFlows platform.
  • Reuters recommends visiting Betterment, Personal Capital, and LearnVest for year-end money advice.
  • Bill.com launches new application platform powered by open APIs for third-party developers to integrate native apps with Bill.com’s software.
  • New miiCard DirectID Check allows SMBs & professionals to perform bank-level ID proofing online.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– October 23, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Bill.com, Dwolla, Equifax, modoPAYMENTS, Plastyc, ReadyForZero, SimpleTuition, Stocktwits, The Receivables Exchange, TIBCO Software, Xero

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • 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.
  • San Diego North County Times reports StockTwits: Howard Lindzon takes stock talk to new level.
  • Bridge2 Solutions and Affinity Solutions launch 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.

Share this:

Send Post Twitter LinkedIn Facebook