Finovate - Conferences Showcasing the Future of Financial & Banking Technology
FinovateSpringFinovateFallFinovateEurope
Check out FinDEVr

Blog

TopicsTopics   TopicsArchives  

Recently in Dwolla Category

Alumni News-- February 19, 2015

  • Finovate-F-Logo.jpgAmerican Banker: Retail Banking Vet Deanna Oppenheimer Joins Tech Vendor Finsphere.
  • American Banker: Federal Payments Website Partners with PayPal, Dwolla.
  • Kantox Surpasses $1 Billion in Foreign Exchange Transfers.
  • Pindrop Security Raises $30 Million.
  • eToro launches its Popular Investment Programme to recognize and reward the network's top traders.
  • MaxMyInterest brings consolidated tax reporting functionality to its cash optimization platform.
  • Encap Security CEO Thomas Boström Jörgensen and Ping Identity Managing Director EMEA Jason Goode weigh-in on Touch ID banking.
  • Digital Retail Apps featured in Toronto Star's coverage of Canada's first financial technology cluster.
  • Azimo launches its money transfer service in China.
  • Finsphere Lands $1.8 Million, Partners with Visa.
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-- February 17, 2015

  • 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.jpgTop Image Systems partners with Hanse Orga to offer capture-enabled Accounts Receivable payment processing for SAP & ERP.
  • QuantConnect LEAN Engine now 100% open source.
  • JetPay to support WePay's launch in Canada.
  • LifePay acquires iboxPro, expands into Asian markets.
  • Fast Company names Motif, Likefolio, Fidor Bank, LendUp, Blooom, and LearnVest in the top innovative companies of 2015 in Personal Finance.
  • PluraVida selects Dwolla to process transactions between media suppliers and buyers.
  • CNBC interviews BizEquity CEO, Michael Carter, on its business valuation 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.

Alumni News-- January 9, 2015

  • 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.jpgKiplinger's list of five great free financial apps features BillGuard, Mint Bills, Level Money, SavedPlus, and Wallaby Financial.
  • Center for Financial Inclusion highlights Dwolla, Klarna, Kreditech, Receivables Exchange, and Wealthfront in its review of Australia Wealth Investor's top 50 fintech innovators for 2014.
  • First Electric Cooperative deploying TextPower SmartAlerts.
  • WePay makes Bobs Guide's "Fintech Startups to Watch in 2015" list.
  • Misys awarded SWIFT Certified Application labels for trade and supply chain management.
  • CrowdCurity launches newly designed website.
  • Time magazine lists Nymi as 1 of 5 most important things happening at CES 2015.
  • Forbes: Xero Wants All Small Businesses To Do Accounting In The Cloud.
  • Tradier releases Morningstar-sourced fundamentals APIs to beta.
  • Cachet Financial launches Co-Branded Option for Select Mobile Money Solution.
  • PYMNTS interviews CAN Capital CMO James Mendelsohn about access to alternative funding.
  • Taulia launches "Take Control" campaign to help companies better understand early payment solution.
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-- January 7, 2015

  • 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.jpgGreen Dot boosts CTO Kuan Archer to Chief Operating Officer.
  • Algomi announces Jesper Bruun-Olsen as new head of Asia-Pacific operations.
  • LendingTree parent company, Tree, to change corporate name back to LendingTree.
  • New York Daily News coverage of financial advisor, Nicole Lapin, references Toshl Finance.
  • European CEO publishes an extended feature on ayondo.
  • American Banker considers how Larky offers geolocation-based offer services to community banks.
  • KissMyAds partners with Payoneer to receive funds through Payoneer MasterCard.
  • ABC News features Betterment and Wealthfront to help investments.
  • AboutThatRatio names Dwolla, Wealthfront and Kabbage as 3 fintech companies to watch.
  • How Backbase Engage Upgrades Banks' Digital Channels.
  • Coinbase redesigns iOS and Android wallet apps.
  • SigFig Starts 2015 with New Mobile Features, Refreshed Look.
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 Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

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 only impressive companies in their respective fields, but also Finovate alums.

If you are the 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." 

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," Heap 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 12, 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.jpgQuantopian to offer fundamental equity data from Morningstar.
  • MicroStrategy to provide analytics solution to help developers build biometrical secured analytics solutions.
  • Banking Technology takes a look at the relationship between BBVA Compass and Dwolla.
  • Cointelegraph interviews AlphaPoint CEO Vadim Telyatnikov. See AlphaPoint at FinovateEurope 2015 in London.
  • Sedicii wins EY Startup Challenge. Come see them at FinovateEurope in February.
  • Forbes interviews Jacob Hansen, CrowdCurity co-founder.
  • Lifehacker awards Google Cloud with best cloud computing provider of 2014.
  • Check out the Finovate and FinDEVr alums listed in Currency Cloud's list of hottest fintech companies.
  • FreeAgent selected by Lloyds Banking Group for new SME toolbox.
  • In 2014, VerifyValid eChecks delivered $370+ mil in payments to 100k+ payees, an increase of 20k registered users.
  • Finovate Debuts: TickSmith's TickVault and FixVault Help FIs Put Their Big Data to Use.
  • Place2Give partners with Give A Mile to help them process cash donations.
  • VentureBeat interviews AppAnnie CEO, Bertrand Schmitt.
  • Apple Store Online Now Accepts PayPal In U.S. And U.K.
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-- December 10, 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.jpgNCR to sell new mobile imaging solutions from Mitek.
  • Backbase teams up with Accenture to help FIs improve customer engagement through digital channels.
  • Dwolla announces role as payment partner for Microsoft for Government initiative.
  • Australia-based ME Bank deploys core banking system, business intelligence, and anti-money laundering solutions from Temenos.
  • MasterCard launches MasterPass in France and Russia.
  • Finovate Debuts: eMoney Advisor Provides Financial Advisors with a Suite of New Planning Tools.
  • Independent Financial Advisor takes a look at Motif Investing and Wealthfront.
  • Xero reaches 400,000 paying customers.
  • Entersekt responds to FIDO Alliance's U2F specifications with its FIDO U2F-enabled authentication solution, Transakt.
  • Fintech for the Rest of Us blog mentions PayStand over PayPal and Stripe for bitcoin payments.
  • PayItSimple integrates with 30 more payment gateways in collaboration with Spreedly now integrated with approximately 70% of all gateways in the US.
  • Payfone and Early Warning partner on mobile authentication. 
  • Marlborough Savings Bank now offers Kasasa to enhance checking account offering.
  • Spend Matters reports: Receivables Exchange the largest of the Online Invoice Auction Exchanges.
  • Arxan announces enhanced mobile runtime app self protection (RASP) capabilities.
  • Lendio named One of Utah's Best Companies to Work For in 2014.
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-- 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.

Alumni News-- October 30, 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 Finovate-F-Logo.jpgTemenos announces availability of its new mobile banking app.
  • Mitek reports more than 3,000 FIs have signed up for its mobile deposit solution.
  • BBVA Compass partners with Dwolla to bring real-time payments to bank customers.
  • Personal Capital announces $50 million series D round.
  • xconomy profiles anti-fraud innovator, Trustev.
  • Fiserv launches Popmoney for Disbursements.
  • Insuritas to open and manage turnkey insurance agency for Heritage Community Credit Union.
  • Knox Payments recognized in emerging startup category at Venture Forum RVA event.
  • Cardnotpresent.com features how SimplyTapp uses host card emulation (HCE).
  • Lendio partners with The UPS store to help SMBs.
  • Cardlytics pulls in $70 million in Series F round, prepares for IPO.
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 DwollaLogo.jpg

With a new investment of $9.7 million, Dwolla's total capital now stands at $32.5 million.

This latest investment in the real-time digital payment network was led by CME Group. The round included participation from a handful of existing investors, as well, specifically, Andreessen Horowitz, Union Square Ventures, and Village Ventures.

DwollaHome
Writing for the Dwolla blog, CEO and Founder Ben Milne talked about how the investment will have an "immediate impact," pointing to CME Group's experience as "the world's leading and most diverse derivatives marketplace. This has led to some interesting speculation on next steps and potential future deployments of Dwolla's technology.

Recently in the news announcing the official launch of MassPay, Dwolla also was featured in an American Banker column on payment technology and wearables like Google Glass. In June, Dwolla released its Direct service to allow users to send money without requiring fully registered Dwolla accounts. The month before, the company launched Next Day Transfers, its new small business service offering that provides faster deposits (three times faster than ACH), and next-day bank withdrawals.

Founded in 2008 and headquartered in Des Moines, Iowa, Dwolla demoed its FiSync solution at FinovateSpring 2012 in San Francisco.

Alumni News-- October 8, 2014

  • Finovate-F-Logo.jpgXpenditure brings in $1.25 million in funding.
  • Pymnts interviews Mike Laven, CEO of Currency Cloud.
  • WePay launches WePay Clear to powers payments invisibly from the backend.
  • TSYS upgrades CentreSuite, its online self-service solution for commercial cardholders.
  • LSC deploys Cachet Financial Solutions' Select Mobile Money Platform for LSC's CU Money prepaid card users.
  • Investment News features Personal Capital.
  • Actiance integrates with PeopleLinx to facilitate social media adoption.
  • Hospitality Marketing Concepts selects Arroweye Solutions to deliver personalized rewards cards and welcome kits.
  • Top Image Systems announces relocation of TIS America's headquarters to Plano, Texas.
  • In a funding round led by CME Group, Dwolla raised $9.7 million in new capital.
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-- September 10, 2014

  • Finovate-F-Logo.jpgAmerican Banker: TSYS and Visa have announced their tokenization technology will support Apple Pay http://bit.ly/WIBIwx
  • Cachet Financial receives order from top tier credit union in the U.S. for mobile money management platform, Select Mobile Money.
  • AcceptEmail selects Worldpay to power its international e-billing solutions.
  • Trustly releases open source alternative messaging technology for FIs, BankAPI.
  • Loop co-founder and CTO George Wallner weighs in on Apple Pay in Time.com Money column.
  • Visa teams up with the National Football League to promote Visa Checkout. See Visa at FinDEVr this fall.
  • Braintree to support Apple Pay. Come see Braintree at FinDEVr this September 30 through October 1 in San Francisco.
  • Business Insider profiles Christian Lanng, Co-Founder and CEO of TradeShift.
  • Dwolla CEO and Founder Ben Milne talks about the role of Apple as a new entrant in the mobile payments industry.
    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 29, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl to provide real-time news and data analytics courtesy of new partnership with Marketware International.
    • Diebold brings deposit automation and cash recycling services to consumers and FIs in Brazil. See Diebold at FinovateFall in September.
    • Dwolla makes MassPay official, offers a simpler experience with increased stability, improved reporting, and increased transactions per batch.
    • PYMNTS talks with SumUp CEO Daniel Klein, to understand how it views innovation in the mPOS space.
    • PayPal launches tool, PayPal Demo, to help developers show merchants the difference between different PayPal payment options.
    • CNBC's National Business Report interviews Scott Goldman, CEO of TextPower.
    • American Banker profiles FinovateSpring 2014 Best of Show winner, Stockpile.
    • CNET takes a look at Lending Club in the wake of the company's IPO filing.
      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 20, 2014

      • Finovate-F-Logo.jpgCUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.
      • With Simple's 2.0 mobile app update, users can send paper check payments via mobile.
      • ID Analytics names Daniel Rawlings as Chief Revenue Officer.
      • Essent Guaranty offering lenders access to rate quotes through an interface with D+H's MortgagebotLOS.
      • ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.
      • EyeVerify and Zumigo selected for Wells Fargo's accelerator.
      • Expensify integrates with Uber's API to launch SmartRides feature.
      • PayNearMe and SIMI partner to offer cash collection services to US government agencies.
      • Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.
      • PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.
      • Cartera Commerce unveils new website.
      • Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.
      • National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.
      • Forex Brokerz talks about the beta release of Darwinex's social trading platform.
      • peerTransfer tops $1 billion in international education payments, announces 500th client.
      • Bloomberg.com features Venmo, Fiserv's Popmoney, and Dwolla in column on Millennials and mobile payments.
      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 14, 2014

      • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv and DBS win Asian Banker Technology Implementation award.
      • Expensify enables in-app report comments to make annotations directly on expense reports.
      • Merchants using WordPress now have access to two new payment gateways: Dwolla and PayPal Express Checkout.
      • Bank Innovation takes a look at how "Pay with Venmo" will impact mobile e-commerce.
      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 21, 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.jpgACI Worldwide announces plans to acquire fraud prevention specialist, Retail Decisions (ReD).
      • Monitise and IBM formalize multi-year partnership to enable broader mobile banking and e-commerce technology adoption.
      • Standard Bank to be first southern African FI to offer MasterPass from MasterCard.
      • American Banker covers how Dwolla payment network enables Google Glass payment technology.
      • PBS Newshour considers how HelloWallet helps users meet their financial goals.
      • InfoWorld: Ping Identity wants to replace sign-ons with smartphones.
      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 16, 2016

      • Finovate-F-Logo.jpgpeerTransfer and Nelnet expand partnership, enhancing international payment options for educational institutions.
      • Xero MD Chris Ridd featured on Qantas radio. Check out Xero at FinDEVr, the first event for fintech developers.
      • Micronotes releases Mobile-SMS to automate the referral process through the mobile SMS channel to drive more sales.
      • Lendio launches program for brokers that helps more SMBs find financing by giving brokers and ISOs access to Lendio's lending options.
      • New app from The Members Group alerts Google Glass wearers if a Dwolla-accepting merchant is nearby.
      • mBank deploys authentication technology from HID Global.
      • Jack Henry launches jhaEnterprise Workflow solution.
      • Coinbase integration brings bitcoin payments to Shopify merchants.
      • Zooz raises $12 million in round led by Blumberg Capital.
      • MasterCard's MasterPass to enable in-app payments by August.
      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-- June 19, 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.jpgIxaris announces payments "app store" for banks to allow product development and customization before making new technologies available to customers.
      • Dwolla Direct will allow users to send money without requiring fully registered Dwolla accounts.
      • Archer Daniels Midland Company to use Tradeshift's global e-invoicing platform.
      • Taulia's new eInvoicing Rescue Service offers free consultation for businesses whose eInvoicing and ePayment platforms are delivering unsatisfactory returns.
      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.

      DwollaLogo.jpg

      For alternative payments network Dwolla, life is about finding ways around the traditional, slow ACH system. In a new development today, the company announced that it is launching Next Day Transfers.

      The new service aims to help SMBs replace paper checks, mitigating the estimated $13 billion spent annually on paper check operations. The Next Day Transfer service will reduce bank transfers in and out of the Dwolla network to as little as two business days.

      Dwollanextdayxfers

      Here are the highlights:

        • Deposits to Dwolla are three times faster
          Qualifying business, nonprofit, and government accounts can receive transfers from a bank account to their Dwolla account three times faster than a typical ACH transfer.
        • Next-day bank withdrawals
          For all users, transfers from a Dwolla account to their financial institution may be transacted as soon as the next day.
        • Dwolla-to-Dwolla transfers are still instant.

      To facilitate SMB's conversion to digital money transfers, the Iowa-based payments startup is also providing a Business Payments Toolkit, which aims to offer a turnkey solution to help companies switch from paper checks to Dwolla's API.

      DwollaBusiness

      To learn more about Dwolla, check out their latest live demo from FinovateSpring 2012.

      If you're interested in seeing more payment APIs, check out FinDEVr this fall.
      Enhanced by Zemanta
      Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

      Who knew? More than half of the world's top 10 most innovative companies in finance are Finovate alums.

      Don't just take our word for it. Fast Company published its roster of innovation in the financial space as part of their quest to find those companies that are "creating radical new approaches to move cash from one place to another." 

      And among such widely-known and talked-about entities as Square and Bitcoin, we find more than a handful of innovators who have used the Finovate stage to help show their technology to the world.

      Take a look at the companies below, accompanied by Fast Company's take on just what makes each innovator truly unique.

      Thumbnail image for NICELogo2.jpg
      Fast Company: "For connecting banks and other clients to frazzled end users when problems arise."



      Thumbnail image for DwollaLogo.jpg
      Fast Company: "For daring to take on the fee-laden credit card establishment."


      Thumbnail image for TransferwiseLogoNew.jpg
      Fast Company: "For slashing pesky foreign-exchange costs by creating a transparent peer-to-peer network."



      Thumbnail image for OneIDLogo.jpg
      Fast Company: "For establishing a single login for web users and taking a giant leap toward eradicating the scourge of the Internet: passwords."


      Thumbnail image for MasterCard3.jpg
      Fast Company: "For luring international customers with a mobile-payment network that lets them purchase with a simple click."





      Thumbnail image for eToroLogo.jpg
      #10 eToro
      Fast Company: "For creating a social network that lets traders emulate those with skin in the game."

      Finovate Alumni News-- March 17, 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.jpgrplan announces new "simple, transparent" charging structure.
      • Crypt.la lists its top 10 most interesting Ripple protocol services.
      • Tech Cocktail Austin interviews Dwolla COO, Charise Flynn.
      • SmartAsset launches Retirement Planning Tool, Announces 40% Month-Over-Month Growth.
      • The Tally focuses on India-based Heckyl Technologies.
      • Zopa embraces ThoughtWorks technology to improve data analysis capability.
      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.jpgState of Iowa expands government payment partnership with Dwolla; Iowa DOT begins using service for IFTA and IRP.
      • Urban Partnership Bank introduces upbAnywhere, the New Virtual Banking Platform from Q2 (Q2ebanking).
      • ABL Advisor looks at BancVue's BancAssets advising partnership with UHaul.
      • Zopa wins "Best Peer to Peer Lender" award from Moneynet Personal Finance.
      • TSYS announces partnership with Womply to provide TSYS Merchant Insights business analytics dashboard.
      • Jack Henry Banking to provide its clients with access to American Express' FX International Payments 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.
      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.jpgDwolla launches Form Builder to enable users to build free custom payment forms.
      • Utah Valley Business Q Mag recognizes MoneyDesktop for its billboard advertising (see page 52-53).
      • Blue Coat and Check Point Extend Partnership on High-End X-Series Network Security Systems.
      • Payfone to use AT&T's network data to enhance its mobile identity services.
      • Vovox and Emida partner to provide enhanced mobile payment options for users.
      • West - Aircomm FCU to offer PFM powered by Geezeo.
      • Mike Brady named COO at CR2.
      • MasterCard debuts MasterPass in Italy. 
      • Business Banking Review names Mitek-powered U.S. Bank Mobile Photo Bill Pay "Best Technology Initiative in Banking".
      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.jpgDwolla announces partnership with Fiverr by giving away free Fiverr gigs.
      • FinovateEurope 2014 Presenting Companies Revealed.
      • Intuit to Acquire Docstoc, Small Business Document Startup.
      • Better ATM Services rolls out reseller network and announces first agreement with Express Teller Services.
      • TSYS earns spot on the National Conference on Citizenship's The Civic 50.
      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.jpgIowa State student creates PayHere (for Dwolla) with startup's API demo.
      • Planwise integrating into Solid Earth's real estate platform, Spring, which provides listing and tax data.
      • Forbes lists enloop as 1 of 12 business writing tools to improve business writing.
      • Finextra blogger talks peer-to-peer lending and Zopa.
      • MasterCard announces partnership with Ogone to deploy MasterPass in Europe.
      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.
      DwollaLogo.jpg

      Alternative payments company Dwolla took another step into the credit arena this week. Its recently-announced partnership with Alliance Data Systems resulted in the creation of a new credit service called Dwolla Credit.

      It previously dabbled in the credit space with the launch of Instant two years ago. Instant is an opt-in feature that, for a monthly subscription of $3, lends users up to $5,000 for one month with no interest.

      Through the recent partnership, the Des Moines-based startup will offer consumers and merchants a cardless credit product. Dwolla Credit users can spend advanced funds at any of the 40+ (and growing) ecommerce merchants in Dwolla's online "Storefront."

      When shopping at participating Storefront merchants, Dwolla Credit users will be able to simply select the "Pay with DWOLLA" button, login, and complete their purchase. Transactions will cost merchants Dwolla's traditional fee (25 cents per transaction, or free for transactions $10 and under). Merchants will receive funds instantly in their Dwolla account.

      DwollaZady.jpg

      Dwolla Credit is currently in beta, but users can request to be put on the wait list. The product will be available to the general public in early 2014.

      To learn more about Dwolla, watch its FinovateSpring 2012 demo where it debuted FiSync.

      • Finovate-F-Logo.jpgOnline trading community tradimo and ayondo form partnership to offer tradimo users an alternative to active trading.
      • Tradeshift announces Dynamic Discounting as latest early payment offering to suppliers and buyers.
      • Dwolla partners with Alliance Data Systems to launch Dwolla Credit.
      • Wall Street & Technology takes a look at Fenergo's report on client on boarding.
      • Zopa profiled in Yahoo Finance UK column on peer-to-peer lending.
      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.
      • Netbanker: BBVA Compass bundles microbiz checking with PAYware mobile card processing.
      • FIS brings mobile, eBanking, remote capture and more to Sterling Bank.
      • GoBank announces plan to promote its mobile-first bank account in more than 500 Barnes & Noble bookstores on college campuses.
      • Pymnts.com interviews Allen Friedman of TSYS Acquiring Solutions on the role of EMV in a cardless world.
      • NYT features how LearnVest is 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.
      Finovate-F-Logo.jpg
      • Silicon Prairie lists Banno and Dwolla as 2 Iowa startups to follow on Twitter.
      • Wakefield reports: Bolstr is navigating the legal complexities of crowdfunding.
      • PlayMoolah working with OCBC Bank for the second year running to teach children about saving.
      • FIS announces new prepaid card technology agreement with KeyBank.
      • WebrazziTV interviews miiCard marketing manager Cassie Anderson at Bitcoin London.
      • Finovate alumni Zopa, TransferWise, miiCard, and LICUOS highlighted in Innotribe co-founder Matteo Rizzi column on banking.
      • Invitations for Google Wallet for Gmail start arriving for registered early adopters.
      • All Things D profiles Motif Investing. See them in action at FinovateFall in September.
      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.jpgPennsylvania-based First National Community Bank selects a core banking system from Fiserv.
      • Check Point Software launches 13000 Appliance solution set for high-performance data center cyber security.
      • Accounting and advisory firm William Buck and Xero partner to offer clients Xero as accounting solution of choice.
      • StreetFight Magazine features case study of ShopKeep POS use in cupcake bakery.
      • IntelliResponse announces VAR partnership with Australia-based BolderView.
      • SeedInvest CEO Ryan Feit talks with the Street.com about the effect of fund advertising rule changes on crowdfunders.
      • Built in Chicago blogger profiles Pangea Payments and the trillion dollar remittance market.
      • 2013 Payment Hub report names ACI Worldwide "Best in Class" in payments capability.
      • InComm Launches Pre-Top to Expand Availability of Prepaid Solutions.
      • TransferWise featured in American Banker column on the growing online/mobile payments business. 
      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.jpgSafetyPay pulls in $7 million from International Finance Corp.
      • Xero releases Personal for iPhone, a mobile app for Xero Personal subscribers.
      • B2C looks at Dwolla as a challenger to PayPal.
      • Ad Exchanger lists edo Interactive and Linkable Networks as two card-linked offer providers.
      • Read our latest CEO interview with Oren Levy of Zooz.
      • Mint, Expensify, Ready for Zero, SigFig, and Personal Capital populate US News & World Report's "10 Smartphone Apps to Boost Your Budget" list.
      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.
      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-F-Logo.jpgLending Club's platform has originated $2 billion in total personal loans, $158 million of loans in June alone.
      • HSBC Bank Oman launches SecureKey for internet banking and upgrades mobile banking app.
      • Adidas to accept SafetyPay for online payments across Latin America.
      • Iowa government will soon accept Dwolla as payment for property and vehicle taxes.
      • The American Bankers Association endorses the card-linked offer technology powered by Linkable Networks.
      • The Next Web reports: Virtual stock market game startup TradeHero aims for $5m funding and 1m users by year-end.
      • Monitise and Telefonica enter mobile money partnership.
      • The Globe and Mail looks at On Deck Capital, Lending Club, and CommunityLend's FinanceIt as alternative financing.
      • Money Insider column in The Independent features Azimo.
      • Pymnts.com interviews TSYS Director of Acquiring Solutions Product Management, Tedd Huff on payment processing.
      • OpenCoin launches Bitcoin Bridge, an e-commerce enabler for Ripple.
      • CEOCFO Magazine interviews Blaze Mobile CEO Michelle Fisher.
      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.jpgBRE Bank, operator of mBank launches "new mBank", which is based on Meniga´s PFM.
      • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
      • Personal Capital introduces new dashboard features.
      • Bank Innovation visits Dwolla's new office in NYC.
      • The Next Web reports: Simple launches its Goals feature on the iPhone.
      • Ping Identity named in IDG's Computerworld 2013 Best Places to Work in IT.
      • Zopa cuts personal loan rate to 4.9%.
      • QuantConnect adds FX, US equity tick data; raises capital.
      • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
      • ixaris shows off its new look and rebranding.
      • Web AppStorm reviews Kashoo's cloud-based accounting technology.
      • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
      • LICUOS named a finalist in the Next Bank Madrid - Innotribe Startup Disrupt.
      • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
      • Better ATM Services CEO Todd Nuttall talks about the "real lessons" from the Cyprus financial crisis.
      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-- May 28, 2013

      • FinovateLOGO.jpgChris Larsen, CEO and co-founder of OpenCoin, calls Ripple, "HTTP for money" in CoinDesk feature.
      • Credit Union Times: ProfitStars' Director of Strategic Insight Lee Wetherington talks credit unions and big data.
      • Kalixa Group teams with MasterCard to test prepaid card.
      • Barron's Electronic Investor column on Quantopian now available to non-subscribers.
      • Mateo's Tech Travels reviews TransferWise.
      • Business Insider hosts Dwolla CEO Ben Milne in Startup Lab interview.
      • One of the largest financial services corporations in the world invests more than $4.6 million for software, maintenance and professional services with Kofax.
      • American Banker reports: Kabbage's Fresh Idea for Small Business Finance.
      • TIBCO announces launch of Cloud Bus, a subscription-based Integration Platform as a service (iPaaS) offering.
      • BellaDati opening partner network in Russia.
      • IP Commerce closing payment processing service on June 30.
      • M2CASH rebrands as V2PAY, now offers electronic ID verification, virtual loan solutions, virtual cards & virtual merchant services.
      • Billhighway adds Kids Kicking Cancer as client.
      • Comarch to provide reference, market data to SIX Financial Information.
      • Standard Chartered launches VISA Infinite Credit Card with chip and PIN technology.
      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.

      Watch Demos

      Click above for video archives of all demos.

       

      Twitter


      See all Finovate tweets