TIO Networks

TIO Networks Garners $1.7 Million From Secondary Stock Offering

TIO Networks Garners $1.7 Million From Secondary Stock Offering
By Julie Muhn (@julieschicktanz) Posted on
Categories: TIO Networks

TIONetworkHomepage

TIO Networks, which went public in 2000, recently issued a non-brokered private placement of up to 2.1 million common shares. Each share is priced at $0.82 USD ($1.08 CAD), and gross proceeds will total up to $1.7 million USD ($2.2 million CAD).

The Vancouver-based company did not disclose much about how it plans to use the proceeds, other than for “general working capital purposes.”

TIO Networks’ cloud-based bill-payment-processing solution enables bill issuers to provide payment services for their underbanked customers. Earlier this summer, the company acquired Softgate Systems, a consumer bill-payment solutions-provider, for $31 million USD.

At FinovateSpring 2012, the company debuted TIO MobilePay, a mobile app that enables customers to make same-day payments for their utility bills with their Visa or MasterCard credit/debit card.

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Finovate Alumni News

By David Penn Posted on
Categories: Avoka, CashStar, Emailage, Ethoca, Fenergo, FundAmerica, Gro Solutions, Holvi, Intuit, Kapitall, RedCloud, Silanis Technology, TIO Networks, TransferTo, Voitrax, Xero

On Finovate.com

  • “Finovate Debuts: Emailage Detects Fraud Through User’s Email Address”
  • “Finovate Debuts: FundAmerica Helps Crowdfunders Stay Compliant”
  • “TIO Networks Garners $1.7 Million From Secondary Stock Offering”

Around the web

  • CashStar names Katherine Edenbach as its new corporate controller.
  • E-SignLive by Silanis picked as a KMWorld Trend-Setting Product of 2015.
  • CIO cites Avoka’s win of most innovative customer solution during Citi’s demo day in London.
  • Aquiline Capital Partners reveals an investment in Fenergo, an Irish-client, lifecycle-management specialist.
  • Intuit to sell off Quicken with no plans to divest Mint or Mint bills.
  • Holvi launches app for iOS and 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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, Betterment, Fidor Bank, Klarna, MX, Nous.net, On Deck Capital, Ripple, TIO Networks, TSYS, WePay, Zopa

On Finovate.com

  • “Four Finovate Alums Land on Inc. Magazine Top 100″

Around the web

  • Check out Utah Business’s video interview of Ryan Caldwell, MX CEO, honored as one of Utah’s Fast 50. Come see what MX has for developers at FinDEVr this October.
  • Silicon Republic names WePay, Betterment, and OnDeck as companies to follow on Twitter.
  • Pymnts examines how Ripple Labs’ partnership with Earthport enables payments between global trading partners in real time.
  • TSYS hires Patricia Watson as Senior EVP and CIO.
  • Finovate, FinDEVr alums make Let’s Talk Payments’ list of payment companies raising money in 2015.
  • Waters Technology looks at the use of sentiment analysis by investment-oriented startups like Nous and Market Prophet.
  • BankNXT profiles the partnership between two disruptive businesses, Uber and Zopa.
  • Klarna valued at more than $2.25 billion after secondary offering.
  • Fidor Bank CEO Matthias Kroner calls bitcoin a “natural part of the digital lifestyle.”
  • TIO Networks initiates a non-brokered private placement of up to 2.1 million Common Shares priced at $1.08 CAD per share.
  • AcceptEmail names Ron Averett as president and CEO for U.S.A. and Canada.

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.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Algomi, Arxan Technologies, BBVA Compass, BioCatch, Braintree, Cachet Financial Solutions, Coinbase, EverSafe, Fastacash, Fenergo, Five Degrees, Green Dot, Heckyl Technologies, InComm, Malauzai Software, MyOrder, PayPal, Realty Mogul, SizeUp, TIO Networks, Venmo, Wealthfront

On Finovate.com

  • “Realty Mogul Builds $35 Million in New Funding”
  • “Fastacash Secures $15 Million in Series B Investment”
  • “Fenergo Raises $75 Million from Insight Venture Partners”

Around the web

  • InComm adds new brands to its Incentives e-commerce site, including vacation brands.
  • Green Dot opens subsidiary in Shanghai.
  • Citizens 1st National Bank introduces mobile remote deposit capture with integration of Malauzai SmartApp, Ensenta mRDC.
  • Liz Loewy, senior vice president for EverSafe, spoke about elder financial abuse at White House Conference on Aging.
  • Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems.
  • Five Degrees appoints Peter-Jan van de Venn as new chief commercial officer.
  • BBVA Group inks strategic agreement with the Alliance for Financial Inclusion.
  • Business Insider names executives of Braintree, PayPal, Coinbase, and Venmo as 5 of 10 execs who are transforming the fintech industry.
  • Kotak Securities and Heckyl launch real-time news and market-info apps.
  • Cachet Financial Solutions to deploy Select Mobile Money platform for SOLE Financial’s Visa Paycard.
  • MyOrder teams up with WirecardGroup to issue contactless mobile cards using HCE technology.
  • Algomi wins “FinTech Innovation of the Year” honors at 2015 Euromoney Global Awards for Excellence.
  • Wealthfront lowers its minimum investment to $500.
  • Bank Innovation takes a look at how startups like SizeUp help banks work better with small businesses.
  • Authentication specialist BioCatch earns a pair of patents from the U.S. Patent Office.

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.

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Celebrate Canada Day with Our Alums from the Great White North

Celebrate Canada Day with Our Alums from the Great White North
By David Penn Posted on
Categories: Bionym, Carta Worldwide, CommunityLend, Digital Retail Apps, Dream Payments, Finaeos, FinanceIt, INETCO Systems, IntelliResponse, Market IQ, PayWith, Place2Give, SecureKey, Silanis Technology, TickSmith, TIO Networks, Trulioo, VoiceTrust, Wall Street Survivor, Zighra

CanadaDay_cupcakes

July 1st is Canada Day, the day Canadians from Nova Scotia to British Columbia and all the provinces in between celebrate the day the country we know as “Canada” was officially formed as a single nation within the British Empire.

So if you’ve got room in your schedule for one more Canada Day Celebration, then please join us in spending a little time celebrating with a score of Finovate alums that are driving fintech innovation in and out of “the Great White North.”

And a special Canada Day shout-out to Finovate partner, the Canadian Trade Commissioner Service, which supports Canadian startups through mentorship and access to U.S. partners and investors.

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Finovate Alumni News

By David Penn Posted on
Categories: Advanced Merchant Payments, Arxan Technologies, Azimo, Bionym, EyeVerify, Holvi, IntelliResponse, Jack Henry, Kashoo, Klarna, Quantopian, SAGE SA, Silanis Technology, Sonavation, Taulia, TIO Networks, TransferWise, Uncategorized

On Finovate.com

  • “CardFlight Unveils EMV-Ready Chip Readers for SwipeSimple”

Around the web

  • Sonavation launches its IDKEY biometric security key that uses 3D Surface Scan Ultrasound technology.
  • CMSWire interviews Michael Laurie, co-founder and VO of product strategy at Silanis Technology.
  • iExpats takes a look at Azimo in a column on the costs of foreign currency transfers.
  • Arxan Technologies Security Solutions architect Matt Clemens talks mobile app security on Federal News Radio.
  • PaymentsSource’s look at “strange mobile security methods” features EyeVerify and Bionym.
  • IntelliResponse wins bronze at 9th annual Stevie Awards for Sales & Customer Service.
  • Jack Henry & Associates to be honored at Cedar Falls Business & Industry Association event.
  • Now Digital Network reviews Kashoo in column on ways to streamline small business accounting.
  • Computing U.K. features TransferWise and its use of big data to drive its social media marketing.
  • The CoinFront reports on Klarna’s “experiments” with bitcoin.
  • AMP Credit Technologies wins “Highly Commended Award for Best Initiative in Financial Inclusion” at the 6th Retail Banker International Asia Trailblazer Awards in Singapore.
  • TIO Networks now has 1+ million registered members in its direct-to-consumer user base.
  •  Taulia names Cedric Bru as new CEO.

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.

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Alumni News—February 18, 2015

By David Penn Posted on
Categories: ayondo, BehavioSec, Bluefin Payment Systems, BlueVine, Braintree, Check Point, Coinbase, D3 Banking, Expensify, Hidden Levers, Insuritas, Kantox, Lending Club, Malauzai Software, Mitek, NICE Systems, Payfone, Ripple, Taulia, Temenos, TIO Networks, Tradier, TransferWise, Tuition.io
  • Mitek launches Commercial Mobile Deposit Capture, bringing MDC technology to the enterprise.
  • Malauzai reports doubling revenues, growth of customer base to more than 300 community banks and credit unions.
  • D3Banking adds to leadership team with four new appointments.
  • Check out FinovateEurope 2015 in the press.
  • Bluefin Payment Systems to provide Decryptx point-to-point encryption (P2PE) solution to Heartland Payment Systems’ clients.
  • Temenos purchases Akcelerant to accelerate growth in North America.
  • Lending Club partners with BancAlliance, a national consortium of 200 community banks.
  • Fast Company lists BehavioSec, Ripple, Braintree, Expensify, NICE and BlueVine as top innovative companies in the money category
  • PYMNTS discusses retail’s adoption of mPOS with Bluefin Payment systems.
  • ayondo clients now receive free access to real time analysis tools from StockPulse.
  • Kantox uses Apply Financial’s API to enhance customer service and enable more integrated international payments.
  • TechFlash interviews Payfone CEO and co-founder Rodger Desai.
  • Stockhouse: TIO Networks poises to capture major portion of mobile payment market.
  • USA Today highlights Tuition.io for student debt management.
  • TransferWise launches in United States.
  • Code CU to use Insuritas for insurance agency solution.
  • Coinbase Android and iOS apps now available in 11 new languages.
  • Global Financial Private Capital selects HiddenLevers to help advisors grow their practice.
  • Tradier’s API takes 15 million production calls in Jan., a 33% increase in a single month.
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.

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Alumni News– January 21, 2015

By David Penn Posted on
Categories: Akimbo Financial, AlphaPoint, Arroweye Solutions, Avoka, Azimo, BrightScope, Coinbase, CustomerXPs, Encap, EZBOB, iBillionaire, InComm, investUP, Kreditech, Malauzai Software, Mitek, Nostrum Group, On Deck Capital, PayPal, Roostify, StreetShares, TIO Networks, Tradeshift, TrueLink Financial, Wall Street Survivor, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYour Personal Financial Mentor profiles EZBOB.
  • BrightScope releases AdviceMatch, a free online service to help consumer choose financial advisors.
  • OnDeck Marketplace emerges from pilot program. Platform helps institutional investors buy small business loans.
  • Venture Burn takes a look at Azimo and the West African remittance market.
  • Kreditech named Germany’s leading digital innovator of the year by Focus Magazine.
  • Arroweye Solutions CEO Render Dahiya urges issuers on EMV adoption.
  • Check out FinovateEurope 2015 Sneak Peek: Part 3.
  • Coinbase Raises $75 Million from BBVA, USAA, NYSE, & Others.
  • Millennial-focused BankMobile app is powered by Malauzai Software and uses Mitek to power mobile customer on-boarding.
  • Roostify describes its experience with Yodlee’s FinDat Disruptor program.
  • PayPal to use InComm to support PayPal’s digital gifts services in Canada.
  • Yale Undergraduate selects Wall Street Survivor to help students understand investing and personal finance. 
  • Technical.ly/ Baltimore looks at how TIO Networks powers Baltimore’s online bill pay system.
  • Tradeshift wins Circular Economy Digital Disruptor Award held at the World Economic Forum in Davos, Switzerland.
  • CustomerXPs and EY, a tax advisory firm, partner to help companies deal with fraud.
  • iBillionaire updates mobile app & releases new High Dividend Index.
  • Payment Data Systems to acquire Akimbo for $3 million.
  • Be sure to check out FinovateEurope Sneak Peek #2 featuring AlphaPoint, Avoka, Encap Security, investUP, Nostrum Group, and StreetShares.
  • True Link Raises $3 Million in Round Led by Cambia Health Solutions.
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.

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Alumni News– January 15, 2015

By David Penn Posted on
Categories: Algomi, BehavioSec, Cloud Lending, D3 Banking, Fiserv, FreeAgent, Kiind, Kony Solutions, Market Prophit, MasterCard, Misys, Monitise, MX, TIO Networks, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv launches its mobile card management app, CardValet.
  • Monitise teams up with the MoneyPass Network to offer Mobile Money services and card control functionality.
  • Misys adds DTCC connectivity to its Regulatory Reporting Service.
  • Partnership between MasterCard and Movistar brings mobile money service to Peru.
  • Benzinga columnist profiles Market Prophit in his look at Apple, Facebook, and JP Morgan.
  • Yodlee now powering 80 financial solutions for smbs.
  • PlanetBiometrics profiles Neil Costigan, BehavioSec CEO.
  • D3 Banking reveals 2015 plans to release digital offering for bank’s SMB customers & launch SaaS-based offering.
  • Kony receives the highest scores in 3 out of 4 use cases in New Gartner Report: Critical Capabilities for Mobile Application Development Platforms.
  • TIO Networks partners with City of Baltimore to launch mobile phone bill payments for residents.
  • James Dotter, Utah Business’ 2013 CFO of the Year, joins MX as CFO.
  • FreeAgent offers £5k tax bill prize to ease Self Assessment woes.
  • Algomi reports strong growth, plans to triple U.S. staff.
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.

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Finovate Alumni News– May 14, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, BodeTree, Bolstr, FinovateSpring 2014, Finovera, FutureAdvisor, LikeFolio, Loop, Manilla, Pindrop Security, Rippleshot, Saved Plus, Simple, TextPower, TIO Networks, Wallaby Financial, Wealthfront, WePay
  • Finovate-F-Logo.jpgTIO Networks partners with New Jersey’s Public Service Electric and Gas Company to set up bill payment kiosks.
  • Pindrop Security and AGNITiO partner to protect call centers as they adapt to an increasingly mobile customer base.
  • Bolstr explains the basics of crowdfunding on NBC Chicago.
  • Loop Wallet app now available on Android.
  • Maps Credit Union chooses ACI Worldwide’s online banking platform.
  • Javelin Strategy takes a look at bill pay alternatives to Manilla, including Finovera.
  • BodeTree brings in $2 million in Series A round.
  • SavedPlus, LikeFolio, Wallaby, FutureAdvisor, Simple and Wealthfront earn spots on CNN Money’s list of the 15 best financial websites and apps.
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.

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Finovate Alumni News– May 13, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, FIS, InComm, Insuritas, Mambu, ProfitStars, ShopKeep POS, TIO Networks, TSYS, Yseop
  • Finovate-F-Logo.jpgYseop expands to New York http://bit.ly/QEtHWx
  • InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.
  • TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.
  • TSYS chooses ShopKeep to offer POS technology in the cloud.
  • FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.
  • Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.
  • Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.
  • United Community CU partners with Insuritas to create a virtual “Insurance Aisle” inside the credit union.
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.

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Finovate Alumni News– January 6, 2014

By David Penn Posted on
Categories: BillGuard, CurrencyFair, Expensify, FinanceIt, FlexScore, FutureAdvisor, Geezeo, Google, Jemstep, LearnVest, Level, MasterCard, Mint.com, Personal Capital, Saved Plus, Signifyd, Simple, TIO Networks, Wallaby Financial, Wealthfront
  • Thumbnail image for Finovate-F-Logo.jpgChecking in with FlexScore is top of the list in this Forbes column on financial planning for those turning 50 this year.
  • Mint, Personal Capital, SavedPlus, and LearnVest earn spots on Fox Business’ list of “5 apps to help keep your 2014 financial goals.”
  • CodeSumBlog names BillGuard as its top financial management productivity app.
  • MasterCard completes acquisition of Provus, Turkey’s leading independent payments processor.
  • Google announces that customers can now activate their Google Wallet card via the mobile app.
  • CurrencyFair highlighted in New York Times column on Ireland’s tech start-up scene.
  • The Financial Post covers FinanceIt’s POS financing solution.
  • Expensify revamps UI and adds executive assistant permissions with new “Wingman” feature.
  • Forbes lists LearnVest, Personal Capital and BillGuard as apps for saving money.
  • Xconomy lists Jemstep and Personal Capital as two new online services to put you back in command of your 401(k).
  • TIO Networks acquires Globex Financial Services to add well-known & respected billers to TIO’s business.
  • Signifyd API adds fraud prevention to ecommerce platforms.
  • Saved Plus, Wallaby, FutureAdvisor, Wealthfront, and Level picked for CNN Money’s list of the 15 best financial sites and apps.
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.

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