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Finovate Alumni News-- April 18, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSilicon Republic takes a look at TipRanks. Join TipRanks in San Francisco for FinovateSpring in May.
  • QuantConnect adds crowd sentiment data courtesy of Estimize.com.
  • DeviceFidelity's patent portfolio grows with new NFC-based mobile wallet technology.
  • The Valley Girl Show interviews Pageonce founder and CEO Guy Goldstein.
  • Palo Alto Software launches LivePlan Scoreboard. Check out the demo at FinovateSpring.
  • Newfination features Bethy Hardeman, Credit Karma Communications Director, who explains its different services.
  • Concur App Center to offer cloud-based single sign-on from Ping Identity.
  • Quantopian integrates data sets from Canadian financial search engine startup, Quandl. See Quantopian's technology at work at FinovateSpring in May.
  • Nomis Solutions partners with Recombo, integrates Discretion Manager with Agreement Express.
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.
creditkarmalogo.jpg

Credit monitoring and reporting company, Credit Karma announced today that it raised $30 million in Series B funding.

This new round, which is 10 times more than the San Francisco-based company's Series A round closed in 2009, was led by Ribbit Capital. Other investors include:

    • Susquehanna Growth Equity
    • Felicis Ventures (existing investor)

TechCrunch reports that with this new funding, Credit Karma plans to almost double its staff by the year's end and develop new products and services, which it is doing this week with the launch of Insight.

Insight is an expansion of Credit Karma's services that provides consumers with a Mint-type view of their finances that they can view all in one place (see screenshot below).

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Credit Karma demoed at FinovateStartup 2009.

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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
Second placeWaspit 
  • Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
  • Finovate demo: FinovateFall 2012
Third placeLeaf
  • 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
  • Forbes places Dwolla CEO, Ben Milne, on the 2013 Disruptors list.
  • Lifehacker reviews Credit Karma for Android.
  • TIBCO Software partners with Aditi Tech to bolster enterprise social, e-commerce solutions.
  • Outright's 300,000 users surpass 2 billion transactions.
  • Bank Innovation reports: Capital Access Network's Online Lending Platform, CapTap, Coming to Tablet Soon.
  • Waspit wins second place award in PYMNTS.com Innovation Project's Best in Show.
  • Monitise CMO Carl Tsukahara interviewed by David Murphy in Mobile Marketing.
  • SeedInvest is among the crowdfunding innovators featured in crowdfundattny blog.
  • Pymnts.com interviews Mark Miles of CSI globalVCard on the business of B2B payments.
  • E&S Consulting blog takes a look at the evolution of Green Dot's GoBank. Be sure to catch Green Dot at FinovateSpring in May.
  • Better ATM Services wins 2013 Paybefore Award for Visa prepaid gift card program.
  • PC Mag's SecurityWatch features EyeVerify and its solution to the problem with passwords.  EyeVerify will be demoing their authentication technology at the upcoming FinovateSpring event in San Francisco.
  • Programmable Web takes a look at recently published APIs including one from OneID. Join OneID this May in San Francisco for 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.
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With 300 fintech innovators already taking advantage of Yodlee's 10-month old accelerator program, the company's sights are set on still more companies coming on board. In fact, Yodlee anticipates growth of more than 50% by the end of the year.

One of the key features of the program is free access to Yodlee's API, which brings with it the ability to draw from a wealth of financial data, from bank accounts to rewards campaigns. Program companies have taken this data and run with it, building everything from eWallets to new lending services.

Aside from its role in "paying it forward" (fintech edition), Yodlee has been a very successful outfit in its own right. The company has more than 40 million users and $100 million in capital, with 20% of its customers coming from outside the United States.

It's worth pointing out that Yodlee's accelerated startups include a handful of Finovate alumni such as EZBOB and FreeAgent (both companies fresh from appearances at FinovateEurope). Other alumni taking advantage of Yodlee's platform include Credit Karma, Xero, and LearnVest.

Success with the accelerator program, which was launched in May 2012, may be what has encouraged the company to launch its API incubator program to cater to a different subset of startups. So far, Yodlee has been able to incubate 10 companies, including Finovate alumn, Planwise.

Yodless was last on the Finovate stage in September 2012 as part of FinovateFall in New York. Watch a demo of Yodlee in action here, as they present their small business platform.

  • American Banker reports: Union Bank signs up for Fiserv's Bill Pay.
  • Bolstr featured on MSNBC's Your Business.
  • Backbase gives a glimpse of the Digital Marketing Module it showed at FinovateEurope.
  • Triple Pundit looks at how the SEC is holding SoMoLend and other debt/equity crowdfunding platforms hostage.
  • CIO lists Expensify as 1 of 3 apps to help at tax time.
  • BellaDati releases updates to its platform.
  • Med Gadget interviews Diversinet CEO, Dr. Hon Pak.
  • Finextra reports Geezeo signs 1st United Services Credit Union.
  • CashStar announces availability of tablet gifting.
  • Android, iOS updates now provide card-to-card payments with Pageonce.
  • Dough Roller blog names PocketSmith one of the best calendar-based personal finance apps.
  • Continuity Control to partner with cbanc Network to provide regulatory briefing via RegAdvisor.
  • Koolspan and DeviceFidelity team up to build TrustSleeve, bringing microSD-based voice encryption to the iPhone.
  • Locaid and Life360 join forces to help parents stay in touch with their kids.
  • The Financial Brand highlights 50 of the most spectacular website designs in banking: Simple (formerly BankSimple), Standard Chartered, Mint, & Moven. See Netbanker's take on the list here.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Financial Brand investigates how Mitek's bill payment service can aid customer account switching.
  • ShopKeep POS partners with Griffin Technology to launch iPad POS system with a built-in magnetic card reader.
  • Fiserv selects Aconite's Smart EMV Manager solution to enhance EMV card processing systems.
  • LearnVest app reaches 100,000 downloads.
  • SEO-Cart integrates PayLeap from Acculynk Direct, a division of Acculynk.
  • Profile of Banno CEO in American Banker highlights recent partnership with ProfitStars.
  • Phillip Capital signs Heckyl Technologies to integrate News and Sentiment analytic platform.
  • CreditKarma, PayPal, Experian, Pageonce, and Manilla earn spots on Netbanker's top 50 iPhone and iPad finance 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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Inc. Magazine recently released its list of the top* 5000 fastest-growing, private U.S. companies. Seven Finovate alums made the cut.

Here's a quick breakdown:

Thumbnail image for creditkarmalogo.jpgCredit Karma
Rank: 40
Description: Free consumer credit score reporting, tracking and advice service
3-year revenue growth: 54x
2011 revenue: $5.7 million
2008 revenue: $110,000
Employees: 27
Employee growth: 21
Founded: 2007

Thumbnail image for OnDeckLogo.jpg
Rank: 302
Description: Small business loan underwriting platform
3-year revenue growth: 13x
2011 revenue: $19 million
2008 revenue: $1.5 million
Employees: 96
Employee growth: 64
Founded: 2006

BraintreeLogo.jpg
Rank: 415
2011 ranking: 47
Description: Online payment processing platform
3-year revenue growth: 10x
2011 revenue: $9.9 million
2008 revenue: $990,000
Employees: 60
Employee growth: 45
Founded: 2007

Plastyc2.jpg
Rank: 564
Description: Prepaid services for the underbanked
3-year revenue growth: 7.6x
2011 revenue: $3.3 million
2008 revenue: $430,000
Employees: 7
Employee growth: 4
Founded: 2005

Thumbnail image for BazaarvoiceLogo.jpg
Rank: 667
Description: Provides software that captures and analyzes consumer-generated reviews 
3-year revenue growth: 6.4x
2011 revenue: $65 million
2008 revenue: $10 million
Employees: 780
Employee growth: 680
Founded: 2005

Thumbnail image for Q2ebankingLogo.jpg
Rank: 790
2011 ranking: 377
Description: Supports mobile banking applications for FIs
3-year revenue growth: 5.3x
2011 revenue: $27 million
2008 revenue: $5.1 million
Employees: 197
Employee growth: 138
Founded: 2004

Thumbnail image for Authentify.jpg
Rank: 1761
Description: Provides authentication services
3-year revenue growth: 2.6x
2011 revenue: $9.8 million
2008 revenue: $3.7 million
Employees: 29
Employee growth: 10
Founded: 1999

________________________________________________________________________

*Methodology

The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.

CKLCSTLogos.jpg

Late last week online loan institution, E-Loan, made public that it has partnered with Credit Karma, Lending Club, and SimpleTuition after rebranding itself.

Here's what the integrations look like on E-Loan's site:

eloanck.jpg
eloanst.jpg
eloanLC.jpg

Credit Karma demoed at FinovateStartup 2009, Lending Club demoed at FinovateStartup 2009, and SimpleTution demoed at FinovateStartup 2008.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThreatMetrix announces availability of the latest ThreatMetrix Cybercrime Defender Platform.
  • Dashlane wins Two Awards for Innovation in Data Privacy and Personal Data at DataWeek. Come to FinovateFall to see Dashlane's demo.
  • PaySimple appoints Sue Heilbronner as Chief Revenue Officer. See PaySimple's demo at FinvoateFall next month.
  • Taulia provides e-invoicing & supplier self-service capabilities to a select group of suppliers for large enterprises, free of charge.
  • Credit Union Times reports Geezeo reaches 100 clients.
  • 2 Minute Finance interviews TASCET at FinovateSpring 2012.
  • E-Loan partners with Credit Karma, Lending Club, and SimpleTuition.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDynamics certified as payment card production vendor on MasterCard network.
  • Lighter Capital hires BJ Lackland as new CEO.
  • Netbanker reports: BillGuard Puts Extra Effort into Contacting Customers.
  • Lazy Man and Money blog features SaveUp.
  • TechCrunch reports Credit Karma app becomes #1 Financial app in Apple App Store and #22 overall, only 1 day after debut.
  • TSYS signs 6 year agreement to provide BofA processing services for consumer credit card portfolios in the U.S.
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.

  • PayPal acquires mobile credit card scanning startup, Card.io.
  • Bazaarvoice to raise $131 million for working capital by selling 8.5 million shares of stock.
  • WSJ blog looks at BillGuard's experience at the NY FinTech Innovation Lab.
  • JD Supra reports SecondMarket provides new liquidity options for startup investors & employees.
  • Business Insider reports Tuition.io aims to help students better manage college loan debt.
  • The Greenfield Daily Reporter conducts case study on The Receivables Exchange.
  • Wired UK features Nutmeg as startup of the week.
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.
Thumbnail image for creditkarmalogo.jpg

Free credit score and credit monitoring platform, Credit Karma, released its free iPhone app, Credit Karma Mobile, today.

Users can download the app and, within minutes, register to get their credit score information on their iPhone. FeaturesMobileCreditScore.jpginclude:

    • Free credit scores
    • Free on-the-go credit monitoring
    • Notifications when something important changes in your credit report
    • Credit report card, which tells you about factors influencing your credit score
    • Free membership. No credit card required.

MobileCreditHistory.jpg
















To learn more about Credit Karma, watch its FinovateStartup 2009 demo.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg2 Minute Finance covers Concur's FinovateSpring 2012 demo.
  • Quid puts FinovateSpring companies through its Big Data algorithm.
  • Netbanker reports Doxo Provides the Missing Login at Small Billers.
  • TIO Networks named to PROFIT Mag's list of Fastest-Growing Companies in Canada.
  • GigaOM reports Wonga readies $1.5 billion IPO.
  • Wall Street Journal reviews FutureAdvisor.
  • ThreeThriftyGuys.com reviews SaveUp.com.
  • American Banker reports Computer Services Inc. (CSI) adds Geezeo's PFM tools to its online banking suite.
  • Business Insider recommends using Credit Karma and ReadyForZero to get out of debt and raise your credit score.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Times reports Ensenta & MShift partner in joint mobile banking & RDC deployment at 5 CUs.
  • Pacific Daily News recommends Mint.com Buxfer, or Budgetpulse for new grads to keep track of spending.
  • BankNXT looks at FinovateSpring Best of Show demos and Simple's new app.
  • Taulia & SAP partner for dynamic discounting services.
  • Seattle's KOMO News covers BillGuard.
  • Wall Street Journal suggests Mint, Credit Karma, HelloWallet & LearnVest as tools for financial novices.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCredit Karma is moving its headquarters to San Francisco's financial district.
  • Linkable Networks is listed as 1 of 5 startups you should follow.
  • Tablet PC review lists Wikinvest Portfolio as one of the best iPad apps for tracking Wall Street stocks.
  • AOL Daily Finance names HelloWallet as 1 of 5 money-smart apps for business travelers.
  • UNC's Kenan-Flagler Business School turns to Ping Identity to solve identity management complexity.
  • Daily Herald looks at Credit Sesame.
  • Kony Solutions appoints Harold Goldberg as CMO.
  • The Bellingham Herald recommends using Expensify to organize your expenses for tax time. Come see the live demo at FinovateSpring next month in San Francisco.
  • Scotsman covers UK P2P company, Zopa.
  • CNN Money lists SecondMarket as 1 of 8 crowdfunding sites to watch.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeMudhra partners with Monitise to help launch mobile payments service.
  • Credit Karma profiles SaveUp. Come see SaveUp at FinovateSpring in May.
  • David Stone, CashStar CEO, named business leader of the year.
  • VentureBeat explores PayPal Here's packaging.
  • ChargeSmart blog looks at what's behind Dynamics smart cards.
  • AcceptEmail and PostNL enter into a strategic partnership.
  • Meniga takes its PFM to Australia.
  • Lighter Capital makes borrowing even easier by launching Design-A-Loan.
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.
Thumbnail image for BOSBadge.jpg

We recently looked back at Finovate's Best of Show Awards archives and wanted to share the list of the 41 award-winning companies.

Here's the Best of Show history that stretches back to 2007, the inception of Finovate:


Finovate2007.jpg

Held October 2, 2007


Mint: Online PFM for individuals

Mortgagebot's Mortgage Marvel: Mortgage marketplace

Prosper: P2P lending network


FinovateStartup.jpg

Held April 29, 2008


First ROI (now BancVue): Develops products and services for community financial institutions

Jwaala: Provides software solutions to help financial institutions compete

Zecco: Online stock and options trading

Zopa: P2P lending network


Finovate2008.jpg

Held October 14, 2008

CheckFree: Online banking platform 

Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile

Mint: Online PFM for individuals

Neosaej's MoneyAisle: Platform where banks compete in live auctions for an individual consumer's business 


FinovateStartup091.jpg

Held April 28, 2009


BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills

Prosper: P2P lending platform

Silver Tail Systems: Predictive analytics to prevent fraud abuse

SimpliFi: A web service that allows anyone to create and update their own financial plan


Finovate2009.jpg

Held September 29, 2009


BancVue's Kasasa: national checking/ savings account brand for community financial institutions

Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services

Digital Insight from Intuit: Provides on-demand banking services to help financial institutions serve clients

Silver Tail Systems: Provides online fraud detection platform 

Yodlee: Provides personalized financial solutions to financial institutions


FinovateSpring2010.jpg


Held May 11, 2010

Bobber Interactive: Money management platform for youth

Expensify: Online and mobile expense report platform

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Wikinvest: A platform for investors to share trading tips


Thumbnail image for FinovateFall2010.jpg


Held October 4-5, 2010


Betterment: Investment account for savings management 

BillShrink (now Truaxis): Loyalty rewards provider

Bundle: Provides socially informed money management for individuals

Dynamics: Produces and manufactures intelligent powered cards

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

PayNearMe: Cash transaction network for the underbanked

SecureKey: Token-based authentication technology


FinovateEurope2011.jpg


Held February 1, 2011

eToro: Social investment network

Finantix: Provides sales and advice solutions for financial services 

Liqpay: Payments platform

Meniga: Online PFM for financial institutions


FinovateSpring2011.jpg


Held May 10-11, 2011

BancVue: Develops products and services for community financial institutions

BankOns: Mobile app offering consumers real-time savings at local merchants

Dwolla: Online, mobile, and social peer-to-peer payment platform

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices' cameras

PayNearMe: Cash transaction network for the underbanked

Wikinvest: A platform for investors to share trading tips


Thumbnail image for FinovateFall2011.jpg

Held September 20-21, 2011



BillGuard: People-powered antivirus for bills

Dynamics:  produces and manufactures intelligent powered cards

eToro: Social investment network

FamZoo: Online "virtual family Bank"

FeeFighters: Platform that simplifies the process of choosing a merchant account provider

LearnVest: Online PFM for women

Offermatic: Targeted online offers provider

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Personal Capital: Online financial advisor helping people manage their investments


Thumbnail image for FinovateEurope2012Logo.jpg

Held February 2, 2011


Cardlytics: Transaction-based rewards

Dynamics: produces and manufactures intelligent powered cards

eToro: Social investment network

Nutmeg: Online investment manager that democratizes saving and investing
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology News reports HomeDepot now accepts PayPal payments at all 2,000 retail stores.
  • Des Moines Register interviews Jordan Lampe, Dwolla's director of communications.
  • BancVue completes sale of $120 million credit card portfolio to First Arkansas Bank & Trust.
  • ThreatMetrix launches program to report malware capabilities.
  • Accounting Today selects Bill.com Receivables for its Top New Products of 2012.
  • Diversinet names Dr. Hon Pak as CEO.
  • Sallie Mae & peerTransfer partner to facilitate international tuition payments.
  • Reuters looks at FINRA and Brightscope to give more information on financial advisors.
  • Omaha.com looks at how Dwolla survived the downturn.
  • Weemba celebrates 6 months of operation, unveils operating stats.
  • Handpoint Headstart wins 2012 Channel 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.
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  • WorkLight launches special program for enterprise mobile and ISV developers.
  • TRUSTe certifies miiCard's website to display the TRUSTe Web Privacy Seal.
  • Clifford Change law firm deploys Check Point software for a network security solution.
  • Bill.com helps banks offer business customers a more powerful payment, invoicing, and cash management platform.
  • SC Magazine considers ValidSoft's view of voice biometrics. Come see ValidSoft at FinovateEurope Feb. 7.
  • Huffington Post recommends Mint.com, HelloWallet, Credit Karma, TradeKing, ReadyForZero, & Betterment for college students.
  • Q2ebanking selects Matt Flake as new CEO.
  • Doxo looks back at 2011 achievements.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAGBeat highlights doxo's free cloud storage and bill pay.
  • Blogger Crystal Beasley analyzes the password selection process in Simple's interface.
  • The Arizona Republic recommends using CreditKarma to compare credit cards.
  • PandoDaily reports, "Wealthfront: The Antidote to the Wealth Management Zombies"
  • FiPath For Advisors (formerly eRollover) partners with social media monitor, Arkovi.
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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  • American Banker describes how T8 Webware, Micronotes, and FreeMonee predicts what customers will buy.
  • Seattle's King 5 News highlights Linkable Networks' digital coupons.
  • TechCrunch reports Credit Karma enrolls 100,000 users for its credit monitoring service in one day.
  • Business Insider recommends using BillGuard to prevent credit and debit card fraud.
  • BetaBeat looks at what LearnVest is doing with its $19 million round of funding.
  • TechCrunch reports John Donahue, Ebay CEO will serve as PayPal's interim president since PayPal President Scott Thompson left for Yahoo.
  • ProfitStars reaches milestone of providing image & data conversions for 1,000 FIs over the past 5 years.
  • Check Point Software Technologies works with Amazon Web Services secure the cloud.
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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Today, Credit Karma launched a free credit monitoring service for all U.S. consumers. The service will monitor a consumer's credit file on a daily basis and notify them of significant changes.

Here's how it works:

    • The consumer visits CreditKarma.com and begins the free, two-minute registration process.
    • Every day, Credit Karma monitors the consumer's credit report.
    • After a new credit inquiry, missed payment, or improved payment status hits the consumer's credit file, Credit Karma alerts the consumer via email.

Credit Karma is the first company to provide this service for free and existing Credit Karma members need only to opt-in to take advantage of the service.

To learn more about Credit Karma, watch its FinovateStartup09 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgRobotDough leaves GoDaddy due to SOPA support conflict.
  • Philly.com describes the Jemstep signup process.
  • Providence Business News reports Andera moves to a new office building.
  • eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.
  • Forbes looks at Dwolla's payment revolution.
  • Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.
  • Credit Karma launches free credit monitoring service.
  • The Receivables Exchange announces strategic alliance with Insperity Investment.
  • Lending Club removes service fee on large loans.
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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  • Steven Kietz, former Mobile Money Ventures CEO, joins EDO Interactive as GM & EVP of Strategic Partnerships.
  • CNNMoney discusses how Simple can provide a no hassle bank account.
  • Melrose Mutual Insurance Company, Grinnell Mutual, & ID Theft 911 partner to remind shoppers to safeguard identities.
  • Forbes names Dwolla's Ben Milne to '30 Under 30' list for finance.
  • BizReport interviews Xero to discover how the cloud is helping small businesses.
  • Fox Business News recommends visiting Credit Sesame and Credit Karma to check your credit score.
  • INOVA FCU depicts its success from using Mortgagebot's PowerSite.
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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Credit Karma announced today that it has teamed up with Intuit to provide free credit scores to Intuit-powered financial institutions within their online banking platfom:

"With NorthCountry FCU as Credit Karma's first Intuit-powered partner, Credit Karma is certified to work with Intuit Financial Services clients to provide the Free Credit Score Service within the financial institution's branded environment. The Free Credit Score for Members Service gives consumers a monthly credit score and a suite of personalized credit management tools to better manage their credit."

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When signing in to Credit Karma via Intuit's Digital Insights online banking system, consumers will have the benefit of a single sign-on.

To learn more about Credit Karma and Intuit, watch Credit Karma's FinovateStartup09 demo and Intuit's Finovate 2009 demo.

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  • The Wall Street Journal lists Prosper, Lending Club, and Weemba as resources for home financing.
  • PayNearMe partners with iSend to simplify international gift giving this holiday season.
  • Doxo wins Red Herring Global 100.
  • Credit Karma and Intuit team up to provide credit services within FI-branded environments.
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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  • Credit Union National Association reports ProfitStars' service helps FIs support energy markets.
  • Lifehacker recommends visiting Credit Karma or Credit Sesame to view your credit score for free.
  • Computerworld takes you behind-the-scenes with MyCyberTwin's AI technology.
  • Kabbage joins the X.commerce Global Ecosystem.
  • ID Theft 911 chosen to offer data breach services to Safeonline LLP.
  • MyBankTracker explores how FeeFighters cuts payment processing fees for merchants.
  • Expensify lists growth figures.
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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NorthCountry FCU and A+ FCU members now have free access to Credit Karma's credit management tools on their online banking website:

"Through a member-centric approach, Credit Karma's service provides a monthly credit score and a suite of personalized credit management tools. The tools enable members to access their credit scores, easily digest information on credit scoring, empower informed financial decisions, and put their credit to work to get the best products for their credit profile."

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Credit Karma provides the same white-label service to over a dozen credit unions and also makes the tools available to the public at creditkarma.com. 

To learn more about Credit Karma, watch its FinovateStartup 2009 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma's tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
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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  • FamilySearch now using eWise's Secure Vault Payments Technology.
  • Business Insider recommends Credit Karma as a free way to learn your credit score.
  • Netbanker: WV United FCU offering both Square and Dwolla payments.
  • The Globe and Mail adds ticker content from StockTwits.
  • Brightscope holds off on adding yelp-like investor reviews in order to add a Q&A section to the site.
  • Wall Street Survivor launches affiliate program.
  • Williams-Sonoma works with CashStar to provide e-gift cards.
  • Lendio works with LegalZoom to bring legal resources to users.

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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  • Credit Karma correlates consumers' credit scores with their email domain name.
  • Fierce Finance IT looks to Cardlytics, BillShrink, Clovr Media, FMN Technologies & Segmint for transaction-driven marketing.
  • Credit Union Times shares Andera's stats from bank-transfer day.
  • GCS Federal Credit Union to offer Geezeo's online PFM tools.
  • CIBC selects Kony Solutions to develop and deploy CIBC's mobile brokerage app.
  • City AM lists eToro as a way to sell your trading homework.
  • Citywire money discusses P2P platforms Zopa, Prosper, and Lending Club.

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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker: Credit Karma Launches "Hands Free" Account Aggregation.
  • Kony and CIBC deliver new mobile brokerage application.
  • Backbase & Forrester Research to host free webinar Nov 9: 'Banks Need to Become SUPER.'
  • Everything PR lists BillGuard in the Money category of 2011′s Top 100 Best Startups for PRs.
  • eToro launches mobile HTML 5 App for social trading on the go.
  • SecureKey Technologies Inc. to power the Government of Canada's new online authentication service.
  • Malta Independent Online looks at Wesabe, Geezeo, and Budgettracker as key online money management tools.
  • BankSimple launches to the public, changes its name to Simple.
  • eToro launches iOS mobile app for on-the-go trading.

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.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete. 

Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.

Private Companies

  • Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
  • Kabbage had the highest percentage growth year-over-year, up 280x.
  • Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
  • SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
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Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was August 2011
2) Sears Credit Score is powered by CreditKarma.com
3) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue

Public companies

  • CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
  • Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
  • Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
PublicWebTrafficSeptember2.jpgSource: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = not measurable
4. t= tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCredit Karma is giving away free credit-monitoring service to first 12,500 readers.
  • HelloWallet opens a second office in San Francisco.
  • FreeMonee tells AOL Daily Finance that it is to launch a merchant-reward plan with a major U.S. bank on Nov 17.
  • Credit Union Times reports that mShift is one of the three largest providers of mobile banking tools to credit unions.
  • ABC News looks at BankSimple's alternative banking approach.
  • Auto insurance & finance providers The General, Mark One Holdings, &  Freeway Insurance add BillFloat as a payment option.
  • Continuity Control endorsed by Western Independent Bankers.
  • Expensify launches an app for the Windows phone.
  • Mlive.com recommends using BillShrink (Truaxis) to avoid an outrageous mobile bill.
  • Mint.com and Budgettracker.com are recommended as two tools for mitigating financial mistakes.
  • Bank of America will use Yodlee's FinApp 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.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete

Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.

Private Companies

  • Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
  • Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
  • Betterment had the highest percentage growth year-over-year, up 88x.
  • Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
5) Checkingfinder.com is powered by BancVue

Public Companies

  • Fiserv had the highest month-over-month percent growth, with 50% more visitors.
  • CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
  • S1 also had a high percentage growth year-over-year, doubling its visitors.
August2011PublicWebTraffic5.jpg
Source: Compete.com retrieved the week of October 3, 2011
1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = Not measurable
4. t= Tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

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