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Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is "more than half."

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.

50Fintechreport.jpg
The inaugural "50 Best Fintech Innovators" report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC). 

The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and "degree of product, service, customer experience and business model innovation." 

Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.

"These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage," he wrote. 

"Venture capitalists seek this enduring competitive advantage over and above everything else."

Here's a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.

"Ones to Watch" 
See the full list of companies here.

Alumni News-- December 5, 2014

  • 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.jpgGreater Fort Wayne Business Weekly takes a look at Allied Payment Network and PicturePay.
  • Capital Resorts announces collaboration with Access Development.
  • Bank of Georgia buys Georgian arm of Ukranian-based PrivatBank for $51 million USD.
  • Live Mint features BankBazaar in a column on financial product aggregators.
  • Huffington Post interviews Lisa Pearson, CMO of Bazaarvoice.
  • Dwolla releases new apps for Android, iOS, and Windows.
  • Finovate Debuts: SAS Games Helps Kids Save for College by Playing Games.
  • ThreatMetrix Protected 10 of the Top 20 Online Retailers Against Fraud During Cyber Week.
  • Segmint partners with fan and consumer engagement software company, Phizzle, to deliver 1-to-1 engagements.
  • Credit Karma transitions to the VantageScore 3.0 Score provided by TransUnion.
  • Muthoot Finance picks FIS for ATM managed services, video surveillance, and network connectivity and switching.
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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Few things say "growth round" like a capital infusion of $75 million.

The latest investment in Credit Karma (FinovateStartup 2009) comes courtesy of a trio of current investors: Google Capital, Susquehanna Growth Equity, and Tiger Global Management. 2014 has been a good year for raising capital for Credit Karma, having raised $85 million in the spring.

The company's total capital raised now stands at more than $193 million.
CreditKarmaHome
Founder and CEO Ken Linn pointed two two factors that investors continue to find appealing about the company. One is the conviction that Credit Karma is category leader in consumer credit and finance. Two is continued strong demand for Credit Karma's solutions.

To this last point, Credit Karma says it has experienced a 50% increase in users since February, with more than 30 million consumers now taking advantage of the technology.

"Today's complex marketplace requires a pro-consumer resource that makes financial comprehension easy, transparent, and empowering," Lin said. "Credit Karma delivers that."

The company plans to use the new capital to fuel growth initiatives and continue product innovation.

In other good news for Credit Karma, the Wall Street Journal reported that the company is now worth more than $1 billion. The Journal quoted Lin referring to Credit Karma as the "Expedia for financial services products."

Credit Karma was founded in 2008, and is based in San Francisco. The company made headlines this summer when it announced that it would provide free, weekly credit reports.

Alumni News-- October 7, 2014

  • Finovate-F-Logo.jpgMatchi opens global fintech challenge 
  • New Frontier Group to integrate BehavioSec's behavioral authentication solution in online banking.
  • Boku acquires competitor Mopay, now covers 5 billion users.
  • BBC: Wonga to write off £220m of debts for 330,000 customers.
  • Financial Planning features FutureAdvisor.
  • Tradeshift announces new operations in Japan and Europe, new executive appointments.
  • Merchant Customer Exchange (MCX) partners with InComm to leverage its POS integrations.
  • WallStreetSurvivor.com launches Financial Education Courses.
  • Vista Equity Partners to take Tibco Software private for about $4.3 billion.
  • Expensify announces $3.5 million round led by Barracuda Networks.
  • Blockchain raises $30 million in growth capital.
  • Credit Karma announces equity investment of $75 million; $1 billion valuation.
  • Spreedly announces new investment; raises $750,000 in equity financing.
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-- August 4, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOink adds payment solutions provider Merchant e-Solutions to its Channel Partner program.
  • American Banker takes a look at Credit Karma's plan to provide free, weekly credit reports to its 25+ million members.
  • Allied Payment Network announces 99.2% read success rate when processing payments via PicturePay.
  • Intuit to acquire tax filing software startup, KDK Software.
  • MorningStar's Christine Benz interviews MaxMyInterest founder, Gary Zimmerman. See MaxMyInterest at FinovateFall 2014 in New York.
  • EZBOB reports boost in client volume.
  • Wall Street & Technology talks gamification and compliance training with True 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.

Alumni News-- July 30, 2014

  • Finovate-F-Logo.jpgThreatMetrix granted patent for its ability to differentiate between trusted customers and cybercriminals 
  • Australia-based Vermilian acquired by banking technology firm Ultradata.
  • Boku brings its direct carrier billing-based mobile payments technology to India.
  • Mangopay teams up with Currency Cloud to provide international money transfer services to its customers.
  • Shivalik Mercantile Cooperative Bank to deploy "bank in a box" from FIS.
  • Blackhawk Network teams with Amazon to enable customers to manage and spend their gift cards in the new Amazon Wallet app.
  • Financial Guard to provide clients with both passive and active investing options.
  • Insuritas wins 2014 NAFCU Services Corporation (NSC) Innovation Award that highlights groundbreaking solutions for credit unions.
  • TechCrunch: Credit Karma offering free, weekly credit reports - no strings attached.
  • Franklin University chooses ACI Worldwide for online payment processing.
  • Wikipedia Foundation partners with Coinbase to allow bitcoin donations.
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.
FinovateFundingIMG.jpg

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.

Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million. 

But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.

Total raised = More than $592 million

January -- $91 million raised by seven companies
February -- $139 million raised by seven companies
March -- $362 million raised by nine companies

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

Finovate Alumni News -- March 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgEleven Finovate alums win awards at PYMNTS Innovation Project 2014.
  • Bazaarvoice announces partnership with Spredfast.
  • TechCrunch: Wealthfront, OnDeck, Lending Club, Credit Karma, Betterment, and Kapitall "come of age."
  • CMS Wire reviews Backbase's customer experience platform.
  • Top Image Systems' eFLOW to process the digital census of a country in EMEA in a deal worth more than $1 million.
  • Place2Give releases GIVE-API to provide access to its database of charities as well as its payment processing tech.
  • SmartAsset raises $5.2 million in series A funding. Come see their live demo at FinovateSpring next month in San Jose.
  • Netherlands Queen Maxima visits Entrepreneurial Finance Lab (EFL) to see its psychometric credit scoring methodology in action.
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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The votes are in. The judges have decided. And 11 Finovate alums have earned awards at the 2014 PYMNTS.com Innovation Project, including three gold medals.

Finovate alums won awards in a diverse range of categories, from "B2B Innovation" to "Best Comeback Story." Areas where alums dominated included "Best Credit Innovation," where Credit Karma, Lending Club, and Klarna swept the field, as well as "Best Innovation via ACH" and "Best Check Innovation."

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The Innovation Project is "powered by PYMNTS.com," a joint venture between BusinessWire and Market Platform Dynamics. The event is in its second year, and was again held at Harvard University in Cambridge, Massachusetts.

A total of 49 awards were presented. Gold, silver, and bronze in fifteen categories, plus singular Catalyst, Women Driving Innovation in Payments, Lifetime Achievement, and Best in Show awards. 

Also announced were three inductees to the Payments Hall of Fame.

See how the rest of the Finovate family fared below.




Catalyst Award 
  • International e-commerce payments and money transfers
  • Finovate demo video: Europe 2012
Gold
  • Best B2B Innovation
  • Cash flow management solution for business integrating electronic payments, accounting, digital documents, and more
  • Finovate demo video: Spring 2012
  • Best Credit Innovation
  • Aggregates consumer financial data from bank accounts and credit scores to mortgage loans in one location
  • Finovate demo video: Startup 2009
  • Best Check Innovation
  • Enables check payments without having to write paper checks
  • Finovate demo video: Spring 2012
Silver
  • Best Credit Innovation
  • Online, peer-to-peer lender
  • Finovate demo video: Startup 2009
  • Best Cash Innovation
  • Cash transaction network 
  • Finovate demo video: Spring 2013
  • Best New Technology
  • Open-source, distributed payment protocol
  • Finovate demo video: Spring 2013
  • Best Innovation via ACH
  • Best Check Innovation
  • Send money to a Venmo account, bank account or supported debit card for free
  • Finovate demo video (with Braintree): Spring 2013
Bronze
  • Most Innovative Company
  • E-commerce solution mitigates credit and fraud risk for online merchants 
  • Finovate demo video: Spring 2012
  • Most Disruptive Innovation
  • Best Comeback Story
  • Peer-to-peer lending
  • Finovate demo video: Finovate 2007
  • Best Credit Innovation
  • Best Innovation via ACH
  • Solution leverages mobile device camera to enable check deposit, account opening, and bill pay.
  • Finovate demo video: Fall 2013

Finovate Alumni News-- March 24, 2014

  • TransferWise recognized as "boldest small company" in winning FT's Boldest in Business award for 2014.
  • BBVA follows Simple acquisition with launch of new digital banking unit.
  • Currency Transfer featured in Wired UK as Startup of the Week.
  • BillGuard invites beta testers to try its new Android app.
  • Mail Tribune highlights the importance of Credit Karma and Credit Sesame.
  • Ping Identity purchases Accells Technologies to make mobile devices into a tool for logging you in to all of your cloud-based services in one shot.
  • BellaDati launches the next level of visual data discovery with new release.
  • Matt Turck examines opportunities for Kensho and Quantopian in a Bloomberg-dominated world.
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-F-Logo.jpgMore than 25 banks have signed up for Matchi since its launch in November last year. 
  • American Banker looks at how Credit Karma and Credit Sesame provide more than just a credit score.
  • Thomson Reuters launches Know-Your-Customer service.
  • SecondMarket seeks to open Bitcoin fund to ordinary investors.
  • Pymnts features Feedzai's CEO Nuno Sebastiao.
  • Striata unveils new logo, new website.
  • Fenergo appoints Oliver White to UK Head of Sales.
  • mBank and Orange partner to launch full-service, retail mobile bank in second half of 2014.
  • Narrative Science launches free app to turn data into readable documents.
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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What do Lending Club, Survey Monkey, and Credit Karma have in common? Answer: they've all received financing from Google Capital.

GoogleCapital.jpg

That's exactly who led Credit Karma's most recent $85 million financing round. Other investors include:

    • Tiger Capital 
    • Susquehanna Growth Equity
    • Ribbit Capital

TechCrunch reports that, of the $85 million in total funding, $60 million is going directly to Credit Karma, while the remaining $25 million is going to provide liquidity to shareholders and employees.

CreditKarmaHomepage.jpg

This round brings Credit Karma's total funding to $118.5 million for its B2C-play credit score reporting and management platform. In the future, it seeks to be the Kayak for financial services and is looking to partner with banks to be a recommendation engine to help consumers better manage their debt.

Credit Karma last demonstrated at FinovateStartup 2009, where it debuted its Debt Manager.

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.

  • Finovate-F-Logo.jpgYseop selected as a finalist for the category of "Social, CRM and Loyalty" for the DMA Innovation Awards.
  • Finextra reports: Virtual Piggy integrates with social game giant Habbo Hotel.
  • TechCrunch reports: Braintree launches a new service called Marketplace, an API designed for mobile marketplace operators.
  • The Sleeter Group reviews Kashoo, Xero, and others.
  • The Guardian Money features social lending service Zopa.
  • Transaction processing driving revenue growth for Jack Henry & Associates.
  • Pymnts.com interviews Daniel DeMeo, CEO at Capital Access Network, on the rise of commercial lending.
  • Snarketing 2.0 highlights Credit Karma, FlexScore, and Moven in a column on why the financial services industry needs a "FinScore".
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 30, 2013

  • FinovateLOGO.jpgOpenCoin is among the virtual currency innovators looking to form a self-regulatory body for the industry.
  • MasterPass from MasterCard launches in the United Kingdom.
  • Bank Innovation takes a look at FIS Global's recent remarks on the company's technology deal with Sainsbury.
  • Yahoo Finance looks at rewards earned using Dynamics ePlate credit card.
  • StreetFight features reasons to opt in for card-linked loyalty programs from Cartera Commerce, Cardlytics, edo Interactive and Swipely.
  • Netbanker features BillGuard, Manilla, and Credit Karma as value-added apps driving mobile adoption.
  • eToro adds price alerts to eToro Trader app.
  • Bright Ideas features Noreen Hafez, senior product marketing manager at Akamai.
  • Kasasa holds sweepstakes, films big-bank breakup video, featuring CEO Gabe Krajicek.
  • Betterment joins fellow Finovate alumni FutureAdvisor and LearnVest in this NYT column on bringing "financial planning to the masses."
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.
AOGlobal2503.jpg

This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 
    • Category: B2B Applications - Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital
  • 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.

    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).

    CKPFM.jpg

    Credit Karma demoed at FinovateStartup 2009.

    InnovationProjectIMG.jpg

    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.
    Thumbnail image for YodleeLogo2012.jpg

    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.
    Thumbnail image for Thumbnail image for inc5000Logo2.jpg

    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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    Click above for video archives of all demos.

     

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