Corduro and LendUp Partner to Provide Loans for Medical Expenses

They aren’t calling it “CorduroCare” – at least not yet. But the new partnership between a pair of Finovate alumni does aim to make it easier for people to pay their medical bills.

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As reported in a VentureBeat exclusive, a program launched by Corduro and LendUp will allow patients at participating hospitals to take out loans through LendUp. First-time borrowers will be charged up to 15% of the total loan amount, and discounts are available for borrowers who make timely payments, pay early, or take advantage of LendUp’s credit betterment/financial health resources.

Once approved, borrowers use Corduro’s mobile app (available for both iOS and Android) to pay their bill. The largest hospital currently participating in the program is Dignity Health, a non-profit hospital network in California.
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Corduro was founded in 2010 and is headquartered in Southlake, Texas. The company’s PayMobile app enables one-touch payments, credit card acceptance, and also includes a secure mobile wallet.  
Based in San Francisco, California, LendUp was founded in November 2011 by Sasha Orloff and Jacob Rosenberg. The company’s LendUpLadder solution provides small dollar loans to help borrowers manage expenses and build credit.
Corduro and LendUp both demoed their technology at FinovateSpring 2013 in May, with LendUp winning Best of Show honors. Watch Corduro’s presentation here. See LendUp in action here.

Finovate Alumni News– July 1, 2013

  • FinovateLOGO.jpgCorduro teams up with LendUp to provide loans to help pay for medical expenses.
  • Entrepreneur Handbook reports on EZBOB‘s 12-month loan for online retailers.
  • CrowdFundBeat features SeedInvest and its new feature, SeedInvest Groups.
  • TSYS announces completion of NetSpend acquisition.
  • Banking Technology takes a look at LICUOS and the company’s win of Innotribe Startup Disrupt at Next Bank Madrid.
  • SafetyPay and GlobalCollect partner to advance secure Int’l payment solutions to over 300 million consumers.
  • Navallo.net interviews BillGuard CEO Yaron Samid.
  • SecondMarket expands into Bitcoin.
  • Virtual Piggy teams up with Live Gamer.
  • AG Beat describes why Kabbage and other alternative lenders will remain prevalent.
  • miiCard wins award for Technology Innovation in Financial Services at the 2013 ScotlandIS Digital Technology Awards in Glasgow.
  • BlinkMobile Interactive announces partner agreement with Linktech Solutions.
  • Pymnts.com interviews CSI Enterprises CEO, Keith Stone, on recent updates to the company’s globalVcard 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.

Finovate Alumni News– June 4, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechnorati takes a look at PayMobile, the mobile payment app from Corduro.
  • Auto Rental News features AuthenticID’s PictureID authentication solution.
  • Abril to use Service2Media’s app development platform, M2Active.
  • Cox Business to offer Acculynk’s cloud-based payment processing option, PayLeap.
  • Quartz looks at how Betterment and CEO Jon Stein are “turning financial advice into an algorithm.”
  • IDentity Theft 911 announces upgrade to LifeStages Identity Management Services.
  • Former Cap One Exec, James Mendelsohn, joins Capital Access Network as CMO.
  • Actiance updates Vantage to allow organizations to manage security, retention & compliance policies.
  • Blackhawk Network & Monitise to make mobile gift card purchasing available to consumers through certain FIs in the U.S.
  • Xero announces “Xero For Dummies” book now available.
  • BBVA Compass to offer Mitek’s Mobile Photo Bill Pay to its retail customers.
  • Alltel Wireless customers now able to pay bills via smartphone thanks to a new partnership with Check (formerly Pageonce).
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.

Corduro Introduces PayMobile: Payment Free from Devices, Cards and Checks

Thumbnail image for CORDURO_logo.jpgThis is post is part of our live coverage of FinovateSpring 2013.

Staring off after the lunch break is Corduro, with an interactive introduction to their Corduro PayMobile on-the-go payment solution. 
“At the show, you will experience payments free from devices, cards, and checks. Use a card if you want, but you’ll miss the innovation. Download Corduro PayMobile, register, add a credit/debit/gift card to the wallet, and be a part of the innovation. Corduro PayMobile is integrated to social networks, and provides both merchant and consumer payment acceptance.
Product Launched: April 2013
HQ Location: Southlake, Texas
Company Founded: 2010
Metrics: 12 person team
Website: corduro.com
Twitter: @corduro
Presenting Robert Ziegler (CEO)

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FinovateSpring 2013 Sneak Peek: Part 4

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Our FinovateSpring 2013 Sneak Peek preview continues with another 12 companies that will be demoing their innovative technologies at our San Francisco event on May 14 and 15.

If you missed the previous installments of our Sneak Peek preview, here are links to parts 1-3:

Everything you need to know about FinovateSpring, from a full list of presenters to instructions on how to buy tickets, is available at our FinovateSpring 2013 information page here.  

For now, here’s a look at a dozen more fintech companies who will be presenting their innovations on stage in May.

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Arxan Technologies protects the App Economy from emerging hacker attacks with award-winning application integrity protection products that provide best-of-breed mobile app shielding.
Features: 
  • Strengthens financial apps with self-defense and tamper-resistance
  • Delivers multi-layered application security, broadest platform
Why it’s great: Arxan provides global Forbes 500 companies with the world’s strongest and most deployed application integrity protection to launch multi-OS mobile services.

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BBC Easy is a web service that increases lending efficiency and reduces risk by automating the collection of borrower’s financial data.
Features:
  • Pulls financial data directly from the top 10 accounting systems
  • Loans are monitored with automated Borrowing Base Certificates
Why it’s great: Direct access to financial data lowers risk and increases loan efficiency.

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CardFlight is the easiest way to integrate card-present payments into your own mobile apps.
Features:
  • Encrypted reader that works with virtually any iOS or Android device
  • Easy, flexible SDK
  • Support for most payment processors
Why it’s great: Easily accept card-present payments in your apps while keeping full control of your user experience.

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Corduro Register helps enable Payments as a Service for the enterprise.
Feature:
  • No Credit Card, No Phone, No Hassle 
Why it’s great: Corduro focuses on enterprise clients, providing them with a unique way to pay.

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Credit Sesame is the consumer’s credit and lending expert, providing smart financing for your life.
Features: 
  • Buying a house? See what you can afford
  • Compare multiple loans and find the best one
  • Monitor your credit for free on the go
Why it’s great: It’s the one mobile app that provides the information, analysis, advice, and offers you need for every important financing decision.

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Escardgot introduces the Helix SCard. Evolved spending. Simple. Store your cards, select, and swipe.
Features:
  • Merchants can send cards and offers directly to a consumer’s phone
  • A consumer can decide which ones to use when ready to swipe
Why it’s great: The Helix SCard is the perfect transitional technology to usher in the wireless payment industry. No POAS hardware changes like NFC.

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Finect is the only online network for the financial industry.
Features:
  • Online profiles and groups with seamless LinkedIn integration and professional verification
  • One-stop compliant social media
  • First-ever investment profiles for real-time peer discussions
Why it’s great: We’re a one-stop shop network allowing you to build your brand and community in a compliant manner.

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GoNow‘s eWallet Platform will ignite mass market eWallet adoption and includes a “Super Smartcard” programmed by the eWallet which enables payments at any POS terminal.
Features:
  • Full compatible with existing POS infrastructure
  • Generates new revenue, extends brand
  • GoNow has independent secure element
Why it’s great: Available as white label, GoNow’s eWallet Platform makes it easy to launch an eWallet that works everywhere and offers new revenue opportunities.

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Narrative Science enables companies to automatically uncover insights hidden in data and create new content and communication at a scale and frequency never before possible.
Features: 
  • Provides powerful insight across a variety of industries
  • Business intelligence solutions that deliver actionable insight
Why it’s great: Narrative Science’s Quill solution addresses today’s challenges with Investment Research and Portfolio Reporting for both individual and institutional investors.

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Plastyc Inc. enables better banking services to be delivered to all via web and mobile, regardless of income, age, and bankability.
Features: 
  • Turns prepaid cards into DDA alternative
  • Web/mobile consumer interfaces with push messaging
  • 24×7 monitoring and analytics
Why it’s great: Brings life-time-value of prepaid accounts to unprecedented levels.

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P2BInvestor introduces crowdfunding receivables.
Features:
  • Investor dashboard for crowdfunding platform
  • Explore receivables loans to invest in
  • Interactive returns calculator
Why it’s great: First platform for crowdfunding receivable loans

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Wallaby Financial is the first service to combine a cloud-based wallet with an intelligent credit card to help consumers maximize rewards and cash back.
Features:
  • Build the perfect wallet and credit card mix
  • Get more rewards and cash back
  • Swipe smart every time you shop
Why it’s great: Consumers that want to maximize their credit card rewards and cash back can build their ideal wallet with Wallaby.
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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit our FinovateSpring page here.

Finovate Alumni News– March 25, 2013

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  • Innovations in gamification help True Office win Computerworld Honors Program award.
  • Aiming for the enterprise: Mobile Payments Today features Corduro.
  • Azimo goes live on Google Affiliate Network.
  • American Banker reports: Randolph-Brooks chooses Andera’s online account opening platform.
  • The gamification revolution interviews Michelle Katics, CEO of BankersLab.
  • Kabbage takes home first place for Top B2B Innovation from PYMNTS.com.
  • Virtual Piggy taps into $10Bn Annual Market with epay Partnership.
  • eToro placed on the 2013 FinTech50 Watchlist, a shortlist of 50 companies in Europe that are redefining financial services through technology.
  • Macgasm features Tuition.io as 1 of 5 apps of the week.
  • Newfination interviews SumUp’s Florian Richter.
  • Tradeshift features Intuit’s Eric Dunn to talk about the recent partnership.
  • TechCrunch reports: Yodlee Interactive now powers financial data for 300 apps and businesses; on pace to surpass 500 in 2013.
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– January 22, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker reports: SmartyPig Launches OneClick, Goal-Based Savings Account Browser Plugin.
  • Bridge Community Bank becomes first in the U.S. to adopt TASCET’s Financial ICONN.
  • EZBOB offering interest-only small business loans to online merchants.
  • Fenergo‘s FATCA solution featured in Datamonitor.
  • ING BusinessMobile for iOS and Android leverages Comarch Mobile Banking.
  • Corduro wins partnership, investment from Shopforbags.com.
  • Standard Chartered Bank launches “Remote Causes” to promote charitable giving through Internet Banking.
  • Ribbit Capital initiates $100 million venture capital fund.
  • Dwolla brings government payments partnership to Iowa.
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 29, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMetaforic unveils Latest Software Protection Technology.
  • Monitise in talks to raise up to 100 million pounds ($160 million USD).
  • miiCard launches online identity trust challenge for Scotland’s university students.
  • American Banker looks at My Community FCU’s experience with MoneyDesktop.
  • Zopa exceeds a quarter of a billion pounds ($400 million USD) in P2P loans.
  • Forbes reports that Corduro is seeking to raise $10 million in series B funding.
  • Pageonce adds File Cabinet, Scheduled Payments to improved Money & Bills app.
  • Epson expands global deployment of Bazaarvoice platform.
  • Matchfund wins place in Yodlee Interactive Incubator Program.
  • Experian announces renewed data, analytics deal with Hitachi Capital UK.
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– July 23, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy expands merchant base with Blee Inara’s handcrafted original jewelry.
  • Umbel forms NetAlliance partnership with Akamai. Come to FinovateFall to see Akamai’s live demo.
  • Fast Company talks with Alexa Von Tobel, LearnVest CEO. Check out LearnVest’s live demo at FinovateFall.
  • USA Today features Social Money’s SmartyPig.
  • Startup America features Bolstr. Come see Bolstr’s live demo at FinovateFall.
  • The Independent looks at how CurrencyFair helps cut cost of cash transfers abroad.
  • The Financial Brand looks at how ImpulseSave hopes to create spontaneous savers.
  • GigaOM reports Corduro aims to win over big organizations that want to modernize their payment systems.
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.

Alumni News — Week of May 30, 2011

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Betterment
Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link
BrightScope
BrightScope announced the top 10 treasury inflation protected securities funds in America’s 401ks. Link
ChargeSmart

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Fox News’ Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link
Check Point Software Technologies
Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link
ClairMail
ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link
Corduro

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The New York Times reported that Corduro’s cloud platform challenges PayPal and Square’s mobile payment services. Link
Credit Sesame
The Wisdom Journal depicted Credit Sesame’s services as more than just credit scores. Link
Currensee
See Betterment above.
doxo
  • doxo explained how to use its online filing cabinet and “due date” alerts to help organize GroupOn, Living Social, and other daily deals. Link
  • TheFinancialBrand.com discussed Oregon Federal Credit Union’s use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link
Dwolla 
  • Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
  • Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
  • Omaha World-Herald covered Dwolla’s arrival into Nebraska. Link
Enloop

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  • About.com highlighted Enloop’s business plan creation service. Link
  • Forbes blog discussed “How Not to Fail” by using Enloop to assess the potential success of a business plan. Link
Geezeo
Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link
Guardian Analytics
Guardian Analytics positioned by Gartner in the “Visionary” quadrant for web fraud detection. Link
HelloWallet

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San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link
Hidden Levers
Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link
Lending Club
  • Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
  • Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link
Lendio

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Lendio raised $2 million in debt financing. Link
PayNearMe
PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link
Prosper
See Lending Club above.
RobotDough

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Dow Jones Financial reports that a UCLA professor backed RobotDough. Link
SecondMarket
The Washington Business Journal discussed SecondMarket’s recent popularity. Link
Sybase

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Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link
TradeKing
TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link
Tyfone
Tyfone contracted with Star One Credit Union to use its NFC technology.
 Link

UBank

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CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link