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Alumni News – Week of April 12

Here are the news headlines we posted this week on Twitter (follow it here).

DebtGoal raises first round of VC funding - In its first round of institutional funding, DebtGoal raised $2 million. The round was led by Tugboat Ventures, with participation from seed investor New Cycle Capital. To date, DebtGoal has raised a total of $3.1 million. http://bit.ly/bZxzq4

Diversinet awarded two patents - Diversinet was awarded two patents for mobile technology. One patent was awarded for a system that detects and classifies mobile devices, allowing apps to be matched with handsets. The other is for security technology for mobile digital data delivery. http://bit.ly/cDkHOU

Finovate Alums Among Webby Award Honorees - Finovate alumni FiLife, Kapitall, Lending Club, and SimpliFi are among the 12 honorees in the Financial Services category of the 14th annual Webby Awards. Fifteen percent of Webby nominees received honoree status. The actual Webby awards, presented by The International Academy of Digital Arts and Sciences, will be announced June 14th. http://bit.ly/cqC9Fa

GreenSherpa holds contest for savings tips - GreenSherpa is hosting a contest for reader-submitted money-saving tips. On April 21, two winning tips will be randomly selected. Winners receive annual subscriptions to GreenSherpa. http://bit.ly/cDakPl

Lending Club raises $24.5 million - Lending Club received $24.5 million in investment funds from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, and Canaan Partners. The company says it will use the capital for new loan products, new investment tools, and website improvements. http://bit.ly/9zU4lO

Lending Club also recently announced its fourth Twitter contest, in which daily winners will be rewarded for tweeting about the company's ongoing photography contest. Twitter winners will receive shirts, messenger bags, and other products. http://bit.ly/d19g5g

Mint adds new feature to track cash spending - Mint added a new feature that allows users to manually enter spending data. Previously, all transactions had to be automatically uploaded from financial accounts. http://bit.ly/a3EtRb

Monitise reports more than 2 million registered users - Monitise has passed the 2 million registered user mark. The company stated that the increase in users was driven by increased uptake of its smartphone apps. Monitise serves more than 240 banks and financial institutions in the U.S. and U.K. http://bit.ly/cjMh7R

SecondMarket launches asset-backed securities market - SecondMarket, which provides a marketplace for trading in illiquid assets, announced that it launched a market for asset-backed securities. The move adds a ninth asset class to SecondMarket's platform. http://bit.ly/b2GHFc

The company also announced $70 million in private company stock transactions this March, the highest amount that SecondMarket has ever traded in one month. In contrast, the company traded $44 million in private stocks in February. The company reported that 41% of the transactions were Facebook stock trades. http://tcrn.ch/bpcXpQ

SeerGate announces new COO - Jim Fancher has joined SeerGate as its new chief operating officer. Fancher was previously general manager at FIS subsidiary Endpoint Exchange Network and has also served as senior vice president of marketing at VECTORsgi and CEO of Gilson & Associates. http://bit.ly/9FilPo

SmartyPig recognized at Prometheus Awards - SmartyPig was honored Breakout Company of the Year by the Technology Association of Iowa in its fifth annual Prometheus Awards presentation. http://bit.ly/bUi0Hf

ThreatMetrix provides fraud detection for OnlineLabels.com - ThreatMetrix is providing fraud detection for OnlineLabels.com, which produces laser and inkjet-printable labels. The company's online ordering system is automated, making it an easier target for credit card fraud. ThreatMetrix helps the company analyze transactions to detect suspect orders. http://bit.ly/bGRFMl

Transparent Financial Services adds business verification system - Transparent Financial Services, also known as TransFS, added a business-verification system that speeds up the company's submission process. The new system identifies businesses based on their name and ZIP code. http://bit.ly/amDwqf

Zopa honored for innovation - Zopa was recognized by the U.K.'s Nesta, the National Endowment for Science, Technology and the Arts, in its Open 100 competition, which honors firms for open innovation. Peer-to-peer lender Zopa was awarded in the open business category. http://bit.ly/bs82cL

Alumni News – Week of March 8

Here are the news headlines we posted this week on Twitter (follow it here).

AlphaClone to Launch Investment Accounts -- Investment research firm AlphaClone announced that it plans to offer managed account services later this year. http://bit.ly/ayOI5t

BrightScope Partners with Acceleration Retirement -- BrightScope announced a partnership with Acceleration Retirement, a provider of marketing and lead-generation services to retirement plan advisors. The deal combines BrightScope's data and analytical tools with Acceleration's marketing and practice-management experience. http://bit.ly/c780Zs

CashEdge to Support HelloWallet -- CashEdge will provide financial data aggregation for new PFM website HelloWallet. CashEdge draws data from bank accounts, investments, retirement accounts, insurance plans, credit cards, mortgages and annuities. http://bit.ly/9xjRqD (Netbanker coverage of HelloWallet here.)

Check Point Wins Award from SC Magazine -- Security software firm Check Point was recognized with a Reader Trust Award from SC Magazine for its Security Gateway R7, which took the award for Best Enterprise Firewall. This is the sixth time SC Magazine has given Check Point an award for achievement in information technology and security. http://bit.ly/doRu4B

Expensify Offers App on Google Apps Marketplace -- Expensify announced that its small-business expense management app is now available on Google Apps Marketplace, Google's recently launched storefront for online products and services. The Expensify app enables users to import expense data from their credit cards, manage receipts online, and create expense reports. http://bit.ly/cYjDLq

Four Finovate Alumni in Panel Discussion at SXSW - Credit Karma, Lending Club, Mint, and SmartyPig will discuss banking industry innovation at the SXSW conference on March 13 in Austin, Texas. The panel discussion will include Rob Garcia, Senior Director of Product Strategy for LendingClub.com; Aaron Forth, VP of Product at Mint.com; Kenneth Lin, CEO of CreditKarma.com; and Bob Weinschenk CEO of SmartyPig.com. http://bit.ly/dbuYuR

GreenSherpa Upgrades -- GreenSherpa announced several upgrades to its web-based application, including changes to user collaboration and integration features, cash flow projection capabilities, and the graphical user interface. http://bit.ly/alnZeW

New Funding and Board Member for Home-Account -- Bills.com has doubled its financial investment in Home-Account. In addition, Mark Goines, a former director of Mint and a former Intuit executive, has joined Home-Accounts Board of Directors. Goines also made an unspecified angel investment in Home-Account. http://bit.ly/aJGuzs

Intuit Offers Payroll Suite on Google Marketplace -- Intuit is offering its Online Payroll suite of web applications on Google's new Apps Marketplace. Intuit also intends to make the payroll solution available through its own Intuit App Center. http://bit.ly/9dsR19

iPay Technologies Partners with Q2ebanking -- iPay Technologies and Q2ebanking announced a new alliance that will allow iPay to offer its bill payment solutions to Q2's customers. Q2 provides financial services technologies to community financial institutions. http://bit.ly/9T6CQ9

Tom Burgess Joins Micronotes' Advisory Board -- Tom Burgess, the founder and CEO of Third Screen Media, has joined the advisory board of online marketing company Micronotes. Burgess will serve as a marketing practices advisor. Third Screen Media was a wireless advertising company that was acquired by AOL in 2007. http://bit.ly/bUEd7Q

mFoundry Receives Paybefore Award -- mFoundry won the Best Virtual Prepaid Card category in Prepaid Media's fourth annual Paybefore Awards. mFoundry was recognized for its work on Starbucks Mobile, which allows consumers to use mobile devices to track activity on Starbucks cards. http://bit.ly/doCsP4 (Netbanker blog on Starbucks Mobile here.)

Mozo Launches Program for Students - Australian financial comparison company Mozo has launched a new service called the Student Room. The program helps university students find deals on banking services, including special offers designed for students. http://bit.ly/dBsgMu

S1 acquires PM Systems -- On March 4, S1 completed acquisition of PM Systems for $29 million. PM Systems provides internet banking, bill payment, and security solutions for credit unions. S1 announced the acquisition in its statement of its fourth quarter results. http://bit.ly/aF2Jvz

The Receivables Exchange Reports Sales Growth -- The Receivables Exchange, an online marketplace for receivables trading, reported 100% quarter-over-quarter growth in receivables sold in Q4 2009. http://bit.ly/asQqNm

Alumni News - Week of Feb. 1, 2010

Here are the news headlines posted recently on our Twitter feed (follow it here).

Billeo's iPad Sweepstakes -- From Feb. 4 to April 5, Billeo is offering an incentive for new users. Sign up to Billeo and be entered into a sweepstakes to win a new iPad. No purchase is required, but you must download the Billeo app and register. http://bit.ly/7JU7q3

Credit Karma Adds Users and New Tool -- Credit Karma doubled its users in 2009 and now serves more than 1 million users. On Feb. 3, the company announced its new Savings Dashboard tool, which helps consumers capitalize on improvements in their credit scores. www.creditkarma.com

Expensify Launches Palm Pre App -- Expensify has released a new app for the Palm Pre that scans receipts and tracks expenses. The company already has apps for iPhone, Blackberry, and Android. http://is.gd/7B22C

GreenSherpa Wins Catalyst Competition Award -- Social networking company Girls in Tech and broadcast platform Vator.TV have announced the winners of their joint Catalyst Competition honoring women-led startup companies. GreenSherpa was among the five winners selected. Other winners were AccessDNA, BakeSpace, MyLawsuit, and Marriage.com, with Graspr winning the popular vote. http://bit.ly/dw7HU1

Intuit Launches PFM product in India -- Intuit has launched a new financial software product in India. The new Intuit Money Manager application aggregates account data and allows users to view real-time information about their expenses. The tool can also track investments, insurance, and other financial instruments through Intuit's collaboration with Moneycontrol.com. http://bit.ly/9N1xMs

Mortgagebot Reports Growth in Users and Revenue -- Mortgage technology provider Mortgagebot reported a 25% growth in revenue for fiscal 2009. The company also gained about 200 new clients in 2009 and now serves nearly 950 clients. http://bit.ly/c9ugjC

Silver Tail to Present Webinar -- On Feb. 23, Silver Tail Systems will present a free webinar on screen injection, a new hacking technique threatening the security of online banking sites. Silver Tail's founder, Laura Mather, Ph.D., will provide detailed information on the hacking technology. http://bit.ly/caqtH8

Finovate is a unique conference series that showcases financial and banking technology innovation. This blog tracks the companies that have demoed at Finovate. Register now for FinovateFall 2010 (NYC, Oct 4&5) or FinovateEurope 2011 (London, Feb 1).
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