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 MainStreet features "stock tip truth-o-meter" and FinovateSpring 2013 Best of Show winner TipRanks.
- GMC Software Technology enters partnership with PostConnect to deploy Inspire technology.
- AppScout takes a look at Flint's mobile app for iPad and iPhone.
- Yandex.Money integrates with Еuropean payment provider Skrill.
- Banking Business Review reports: Handpoint introduces Chip and PIN MPOS systems.
- Newfination visits the Personal Capital offices, interviews Head Of Advisory Services, Kyle Ryan.
- American Banker mentions how Lendio and Lighter Capital are changing the face of small business lending.
- Internet Retailer reports: ThreatMetrix helps EMerchantPay reduce its clients' chargeback rates.
- Klarna named "most innovative company" at annual Media Momentum Awards arranged by GP Bullhound.
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.
 Quantopian featured in the print edition of Barron's Electronic Investor column.
- Software company Malauzai, technology partner with Allied Payment Networks, talks mobile photo bill pay adoption rates.
- CardNotPresent takes a look at OneID's two-factor authentication technology.
- Palo Alto Software collaborates with MasterCard to provide lean planning and management software solutions to small businesses.
- Lendio interviews BBC Easy founders in a podcast on its blog.
- CommunityLend's FinanceIt launches paperless document function.
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.
 Cortera now offering free Cortera Business Directory accounts.
- Lendio announces record year-over-year revenue growth of 97% for the first quarter of 2013.
- Zopa launches Safeguard offer that protects lenders from faulty borrowers through a fund held by a non-profit.
- PayMyStudentLoans.com reviews ReadyForZero can help students save money in college.
- PA Consulting Group will deliver identity verification solutions using miiCard.
- MoneyDesktop launches new version of PFM & updates MoneyMobile app.
- South Bangla Agriculture & Commerce Bank is the fifth Bangladeshi bank to deploy Temenos T24 banking software.
- Leaf announces Leaf Membership Network. Join Leaf in San Francisco for FinovateSpring in May.
- Financial Advisor introduces Finect. Come see Finect demo their technology at FinovateSpring.
- appPicker reviews Kashoo Accounting for iPad.
- Small Business Association of Michigan selects Billhighway Give as its mobile fundraising solution.
- Intuit releases Android tablet banking app. Come to FinovateSpring to watch Intuit unveil its new 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.
 Cachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
- Finextra reports SafetyPay opens up to German-speaking markets.
- Lendio reports 2012 growth metrics.
- Expensify listed as 1 of 4 apps to helps save and manage your money.
- TechFaster interviews BillGuard CMO Mary Anne Keegan.
- Business Insider interviews Josh Reich, Simple founder and CEO.
- Xero makes Bank Reconciliation available to Android users.
- edo Interactive's new Marketplace platform targets small, local businesses.
- Check out Finovate's infographic of FinovateEurope 2013 innovation themes.
- Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
- SigFig-powered USA Today Money Portfolio Tracker launches
in app store.
- CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
- Continuity Control partners with Community BancService Corporation.
- TSYS technology at work in Visa's Saral Money program in India.
- Rabobank launches Figlo-powered widgets for online banking homepage.
- BrightScope ranks top 25 law firms with highest-rated 401(k) plans.
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.
- Argos sees a record 79 mil of its online visitors engage in conversations about the brand since implementing Bazaarvoice's Conversations.
- IP Commerce Payment API Sample Code Now Available on Github.
- Silver Tail Systems Acquired by Data Storage Giant, EMC.
- Lendio.com ends Q3 adding record number of lenders to platform.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
 InComm launches prepaid products in Brazil, partners with Peela.
- Dwolla re-launches developers portal to make it more user friendly.
- PC Mag recommends Dashlane to protect your password.
- Number of small business owners using Lendio increased by 12x YOY in Q2.
- ProfitStars announces remittance solutions for its relationship with the Independent Community Bankers of America (ICBA).
- Rumors suggest Xero to announce acquisitions at annual conference.
- Bill.com recognized as a JMP Securities "Hot 100" Software Company for third consecutive year.
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.
- CNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.
- TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.
- Meniga's PFM solution powers Sweden's first Smartbank, launched by Skandia.
- SecureKey adds 40 staff in past six months, reaches business and recognition milestones.
- Lendio sees nearly 500% increase in matching businesses with small business loans.
- Check Point launches free ZoneAlarm anti-virus/firewall combo.
- Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.
- Fiserv to offer global ACH payments through partnership with Earthport.
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.
- American Banker reports PayPal tests its POS system at Office Depot.
- LBi integrates Service2Media platform for clients including Coca-Cola, & Sony. Come see Service2Media demo live at FinovateEurope on February 7.
- Small Business Trends examines the pros and cons of financing a startup using Prosper, Lending Club, or Lendio.
- Ping Identity launches blog called Identity Matters. Come see Ping Identity at FinovateEurope Feb. 7 in London.
- FiPath announces campaign to encourage Generation X to save for retirement.
- Currensee receives additional $2 million in series C financing.
- Finovate interviews David Barrett, CEO of Expensify http://bit.ly/zVZzD9
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.
 On Deck, the startup that delivers capital to main street businesses, released the first version of its API today.
"This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system. Through the API, these third parties can now incorporate On Deck's loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience."
The API supports two functions: - Credit pre-qualifications -- Allows financial institutions to determine if their clients qualify for a short-term business loan
- Application submission -- Allows third parties to submit loan applications from their CRM system
Lendio, a company that matches lenders with small business owners seeking to borrow capital, is using the API to pre-qualify borrowers and match them with lenders using On Deck's technology.
To learn more about On Deck, watch its Finovate 2009 demo.
To wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year.
The results were impressive:
- A total of 34 companies received funding, some more than once
- The companies collectively raised over $423 million dollars
- The months with the highest number of companies receiving funding were June August, both with 8 companies
- The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January -- $40.8 million raised by 3 companies February -- $10.3+ million raised by 3 companies
March -- $20.4 million raised by 4 companies
June -- $124.4 million raised by 8 companies
July -- $1.1 million raised by 1 company
August -- $103.4 million raised by 8 companies
September -- $33 million raised by 1 company October-- $22 million raised by 2 companies November -- $16.3+ million raised by 3 companies December -- $52.2 million raised by 5 companies Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
- BrightScope plans to tweak its blog & redesign its homepage.
- SimpliFi wins four Achievement in Marketing awards from Columbus chapter of American Marketing Association.
- New York Shop Exchange interviews Brock Blake, Lendio CEO, about small business loans.
- MyBankTracker looks at Yodlee's FinApps and the evolution of Mobile Banking.
- Fifth Third Bank launches mobile banking apps powered by Clairmail.
- TechCrunch reports Braintree receives investment from Capital One co-founder, Nigel Morris.
- Currensee launches Trade Leaders Program for institutional clients.
- TechCrunch explores the differences between Mint.com and HelloWallet's mobile apps.
- Family blogger Darcy shares five of DoughMain's features.
- Xero doubles its customer numbers, gains traction overseas.
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.
- Apparel Retailer Aeropostale selects CashStar to provide e-gift cards.
- CU Insight reports that Geezeo partners with IBT, a financial services innovator.
- Dynamics' Chip And Choice Technology wins 2011 CARTES Best in Show Award.
- NY Daily News recommends LearnVest and DoughMain as resources for financial education.
- Lendio inspires future entrepreneurs with $2,500 scholarship.
- Arroweye approved to digitally produce Discover Cards.
- ABA Banking Journal describes mobile banking, citing Celent's report, "Innovations in Mobile at Finovate."
- Affinion Group to distribute Finsphere's Mobile Transaction Monitoring service.
- Betterment CEO Jon Stein interviews with top investment bloggers.
- Centuryware discusses SecondMarket's success.
- Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
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.
 Yesterday, Lendio announced that it will work with LegalZoom to allow users to access legal resources on its platform: "LegalZoom offers prepaid legal plans for individuals and small businesses at a cost of as little as $15 a month. Customers can obtain legal advice over the telephone and other services from an attorney licensed in their state."
Bringing LegalZoom to the Lendio platform will provide users access to financing and legal resources in one place. To learn more about Lendio, watch its FinovateSpring 2011 demo.
 Lendio was featured in CNNMoney this morning, where it was referred to as a, "small biz loan matchmaker."
The article goes on to describe the headache that an Alabama small business had when trying to secure funding. After being turned down by a bank, the business turned to Lendio and was able to secure funding within a week through On Deck Capital.
The article also shares some stats on Lendio:
- Loans range from $5,000 to $1 million
- 2010 revenue was $8.6
- Since March it has received 3,000 loan requests
- Loan approval rate is 50-70%
To learn more about Lendio, watch its FinovateSpring 2011 demo.
- FeeFighters shares its web traffic spikes from being in TechCrunch articles.
- Monitise launches mobile checkout service.
- Fox Business News mentions how Tyfone is helping to retrofit cellphones with NFC capability.
- Reuters reports how Lending Club uses consumer sentiment towards banks as an opportunity.
- Striata selected by Securitas, a growing security company in South Africa, to provide eBilling & ePayment to customers.
- ThreatMetrix deploys multi-layered data encryption architecture in new release of Cloud-Based Fraud Prevention Platform.
- Iowa-based UNI CU and W.Va-based WV United FCU sign on for Dwolla's FiSync.
- MyBankTracker compares Offermatic to Groupon and Womply.
- Linkable Networks (formerly Clovr Media) partners with 24/7 Real Media to tap into card linked offers.
- Wade Arnold, T8 Webware CEO, is selected for The Courier's Class of 2011 20 Under 40 award.
- Bill.com's paperless bill management wins silver award.
- DoughMain launches financial education game Sand Dollar City.
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.
- Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.
- Fox Business News reports GoalMine seeks to level the investing field.
- PayPal updates its Android app with support for NFC payments.
- eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.
- Lendio makes its business loan matching service free.
- Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.
- Xero updates its app: increases speed and improves UI.
- Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.
- Billeo launches ShopSmart to bring consumers relevant discounts.
- Zecco hosts $500 sweepstakes.
- miiCard gives first 10,000 users free accounts for life.
- Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.
- Expensify creates four pricing plans.
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.
- Plastyc launches UPside Visa Savings Purse.
- Diversinet receives U.S. Patent for securely storing information on a mobile device.
- American Banker reports Ohio Valley CU is working with Truaxis to offer discounts.
- Xero calls on UK Gov to deliver better reporting, not simpler reporting for micro businesses.
- Lendio adds 40 Banks, offers local business loans to 70% of the U.S.
- Lending Club reaches $400 million in
loan originations.
- Huntington Bank works with Kony to
create an iPad app.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.
Private Companies
- Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
- Kabbage had the highest percentage growth year-over-year, up 280x.
- Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
- SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
 Source: Compete.com retrieved the week of October 26, 2011
1) The previous month recorded was August 2011 2) Sears Credit Score is powered by CreditKarma.com 3) Truaxis was formerly BillShrink 4) Kasasa is powered by BancVue
Public companies
- CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
- Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
- Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
 Source: Compete.com retrieved the week of October 26, 2011
1) The previous month recorded was July 2011. _______________________________________________________ Notes: 1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 3. NM = not measurable 4. t= tie 5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.
Private Companies
- Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
- Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
- Betterment had the highest percentage growth year-over-year, up 88x.
- Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million.
Source: Compete.com retrieved week of October 3, 2011 1) The previous month recorded was July 2011
Public Companies - Fiserv had the highest month-over-month percent growth, with 50% more visitors.
- CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
- S1 also had a high percentage growth year-over-year, doubling its visitors.
Source: Compete.com retrieved the week of October 3, 2011 1) The previous month recorded was July 2011. _______________________________________________________ Notes: 1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 3. NM = Not measurable 4. t= Tie 5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
 Mountain West Capital Network names Lendio fastest-growing company in Utah.
- Business Insider recommends signing up for BillGuard if you're a victim of ID theft.
- Firmology profiles Samurai by FeeFighters.
- Truaxis wins the Innotribe Start-Up Challenge for StatementRewards Platform.
- Kony names Sriram Ramanthan as Chief Technology Officer.
- The Examiner advises using Credit Karma's Credit Simulator and reading LearnVest's blog to keep aware of money matters.
- Dave Enjoys' blog highlights features of BankSimple.
- Credit Karma's CEO Ken Lin reports What Banks and Lenders Know About You From Social Media on Mashable.
- KAPITALL launches interactive news site KAPITALL WIRE.
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.
 Earlier today, Salt Lake City-based Lendio announced a partnership with Prosper. Lendio CEO Brock Blake cites:
"In the short period of our partnership, about 80 Lendio clients have been approved to list through Prosper, resulting  in excess of $1,000,000 in potential loans."
Through this partnership, Lendio and Prosper hope that they will enable more small businesses to secure funding through loans.
Last week, Inc. Magazine released its list of the 5000 fastest-growing, private U.S. companies. Five* Finovate alumni made the list, all in the top 1000. Three made the top 500 and one was in the top 50.
 BraintreeRank: 47 Description: Assists businesses in processing payments by providing a merchant account, payment gateway, recurring billing service, and helping with PCI compliance. 3-year revenue growth: 40x 2010 revenue: $4.6 million 2007 revenue: $100,000 Employees: 27 Employee growth: 25 Founded: 2007
Rank: 309 Description: Helps business owners find capital by matching them with banks, lenders, or other funding sources. 3-year revenue growth: 11x 2010 revenue: $8.6 million 2007 revenue: $740,000 Employees: 45 Employee growth: 24 Founded: 2005
 Rank: 377 Description: Offers secure online banking, payment, and security solutions. 3-year growth: 10x 2010 revenue: $18.5 million 2007 revenue: $1.8 million Employees: 118 Employee growth: 73 Founded: 2004
 Rank: 597 Description: Consults with community banks and credit unions to offer them innovative products and marketing. 3-year growth: 6.4x 2010 revenue: $57.1 million 2007 revenue: $8.9 million Employees: 305 Employee growth: 193 Founded: 2005
 Rank: 760 Description: Provides a secure and easy method of populating payments and checkout forms. 3-year growth: 5.2x 2010 revenue: $3.1 million 2007 revenue: $580,000 Employees: 15 Employee growth: 3 Founded: 2006
_______________________________________________________________________ *Methodology: "Companies are ranked according to percentage revenue growth from 2007 through 2010. To qualify, companies must have been founded by, and be generating revenue by, March 31, 2007. Additionally, they had to be based in the United States, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.)
The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. Revenue figures given in the company profiles are for calendar years, as are employee counts. Full-time and part-time employees are included in the employee counts; independent contractors are not."
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down.
Private Companies Notable successes: - Seeking Alpha had the most traffic in July with more than 2 million unique visitors.
- eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June.
- Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June.
- eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July.
Source: Compete.com retrieved week of August 15, 2011 1. The previous month recorded was May 2011 2. Sears Credit Score is powered by CreditKarma.com 3. Kasasa is powered by BancVue
Public Companies Notable successes: - PayPal had the highest number of U.S. visitors in July, with more than 30 million visitors.
- Jack Henry & Associates saw the highest monthly growth with twice as many visitors in July than June.
- Wipro Technologies had the highest year-over-year growth, with 3 times as many visitors this year compared to last year.
- FIS Global and Online Resources also doubled their traffic compared to last year.
Source: Compete.com retrieved the week of August 15, 2011 1. The previous month recorded was May 2011. _______________________________________________________ Notes: 1. We reviewed 255 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 3. NM = Not measurable 4. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
Bobber Interactive  Tech Flash interviewed Eric Eastman, Bobber Interactive's CEO, on how the gamification of money management aims to help Generation Y better manage their money. Link
BrightScope BrightScope released a report detailing the top 12 small-cap funds in America's 401k plans. This report is part of a series that provides insight into the top funds and managers in the retirement marketplace. Link
ChargeSmart Discover is offering an instant rebate to customers who pay their utility bills using a Discover Card on ChargeSmart's website. Link
Check Point Software Technologies - Check Point enhanced its Software Blade Architecture by releasing R75.20, a comprehensive approach to security that includes a URL filtering Software Blade, SSL inspection, and data loss prevention. Link
- The Wall Street Journal discussed Check Point's ZoneAlarm SocialGuard that helps parents protect children on Facebook in a non-intrusive manner. Link
Clairmail Clairmail announced record growth this quarter, with more than a 60% increase in bookings from last quarter. Link
Clovr Media  - BostInnovation stated that Clovr Media is changing the way consumers collect loyalty rewards through its Card-Linked Ads that allow consumers to access rewards by clicking on an advertisement. Link
- Mass High Tech's weekly Startup Watch listed Clovr Media as one of five startups to follow. Link
Credit.com EQuicknews listed Credit.com as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link
doxo The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link
Dwolla Bank Technology News looked at the players in the mobile payments space and listed Dwolla as a formidable competitor. Link
EDO Interactive  EDO Interactive received $20 million in Series B funding to grow its Prewards platform that enables advertisers to offer digital deals and incentives that consumers redeem by using their existing credit, debit, or prepaid cards. Link
eToro eToro began a trading contest for users with both demo and live trading accounts. Traders who accumulate the greatest gains will win each round. Link
eWise eWise added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link
Expensify - Expensify added a new feature that provides QuickBooks users a way to easily identify billable expenses to add to invoices. Link
- The Kitsap Peninsula Business Journal listed Expensify as one of ten business apps for empowering your inner geek. Link
Kony Solutions  Tower Group, in its Review of North American Consumer Mobile Banking Technology Vendors, ranked Kony Solutions among the top mobile banking technology vendors. Kony excelled in the feature/function and customization categories. Link
Lending Club TechCrunch highlighted Lending Club's announcement of $25 million in Series D financing from Union Square Ventures and other existing investors. Link
Lendio Lendio added Cardinal Bank to its network of lenders providing clients with more options in finding equipment loans, business lines of credit, acquisition financing, commercial real estate, SBA 7(a) and SBA 504 loans. Link
Mitek Systems Mitek Systems launched Mobile Imaging Cloud Service that captures, extracts, and routes information contained in documents. The service helps app developers create smartphone and tablet apps that use a camera input function. Link
Monitise Monitise Asia Pacific launched its mobile banking, payments, and commerce services in Indonesia and signed a joint venture agreement with PT Astra Graphia Information Technology, an information and communication business. Link
On Deck Capital  On Deck Capital raised $19 million of its own in a Series C round of funding. Link
RobotDough RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link
SafetyPay SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link
SecondMarket BostInnovation used SecondMarket's alternative investments platform to discover top Boston companies. Link
Striata  Baton Rouge Water Company selected Striata, along with payment services company Western Union, to provide email billing with integrated electronic payment service. Link
The Receivables Exchange Treasury & Risk profiled The Receivables Exchange, describing the process companies use to sell their receivables on the online platform. Link
TradeKing TradeKing launched a $100 bonus for new customers who open an account by August 31, 2011. Link
Wonga Smarta interviewed Wonga director, John Moorwood, about Wonga's growth over the past 12 months. Wonga is now issuing over 1.5 million short-term loans. Link
Xero Xero released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link
ChargeSmart AOL's Daily Finance highlighted Chargesmart's secondary gift card market that allows  consumers to pay for bills in exchange for gift cards. Link
CheckFree Family Wealth Report stated that CheckFree is leading the way in UMA processing. Link
Credit Karma - CBS Money Watch discussed Credit Karma's data on America's debt. Link
- Fox Business News listed Credit Karma's credit score simulator tool as a 15-minute fix for your credit score. Link
doxo Practical Ecommerce listed doxo as one of 17 apps for productivity. Link
Dwolla - Dwolla hit $1 million in payments per day and Ben Milne, CEO, shared a sneak peak of future plans. Link
- Ace Community Credit Union provided customers with access to Dwolla through its site.
- Dwolla CEO Ben Milne explained why starting a business in Iowa isn't hard. Link
- Dwolla introduced a new Autoload feature. Link
- Dwolla was listed on The Next Web as one of eight awesome ways to pay with your phone. Link
eToro eToro Partners began testing a new foreign exchange affiliate tool called Custom Links. Link
Expensify - The Info.rmatics blog testified to Expensify's ease of use. Link
- ipCommerce showcased Expensify's innovation. Link
GoalMine  Mango Money added GoalMine to its list of services. Link
HelpMyCash HelpMyCash revamped its website to be more consumer-friendly. Link
IDTheft 911 Barnstable County Mutual Insurance Company selected Identity Theft 911 for its LifeStages service. Link
iPay Technologies TechCrunch reported that Bill Ready, former President of iPay Technologies, joined Accel Partners as an Executive in Residence. Link
Lending Club - ATM Options discussed seven good reasons to invest through Lending Club. Link
- Netbanker discussed Lending Club's record high growth. Link
Lendio - Lendio added TAB Bank to its network of lenders. Link
- Reuters reported that Swift Capital and Lendio partnered to help small businesses. Link
mFoundry  - American Banker considered Bank of America's recent investment in mFoundry. Link
- Credit Union Journal discussed Colombia Credit Union's adoption of mFoundry's mobile banking. Link
Mint.com - Mint.com introduced a manual transactions feature for its iPhone app. Link
- TechCrunch reported Mint.com's debut of a new feature that tracks bills and sends reminders. Link
Monitise - Monitise signed over 6,000 users in Nigeria to a mobile payments trial. Link
- TechMarketView discussed Monitise's financial success. Link
peerTransfer Yahoo! Finance reported peerTransfer's growth in international student payment processing. Link
Prosper - Netbanker discussed Prosper's record high growth. Link
- Prosper raised its interest rates by 2.5 percent. Link
SmartyPig SmartyPig introduced its back-to-school cash giveaway contest. Link
ThreatMetrix ThreatMetrix announced its upcoming user conference October 9th through 10th. Link
TradeKing TradeKing launched a new video series to help consumers understand options trading. Link
Tyfone  Oregonlive.com described Tyfone as a major player in mobile payments. Link
Wikinvest Forex Promos shared an interview with Mike Sha, Wikinvest CEO. Link
Xero Reuters reported that Xero agreed to acquire Paycycle, a payroll company. Link
Zecco Wealth Building Tips and Strategies blog shared Zecco's options trading video series. Link
ZimpleMoney ZimpleMoney adjusted its services in response to the Dodd-Frank reform. Link
Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate. Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year. Private Companies
The 44 private companies are as follows: Notable successes: - Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
- HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
- Betterment saw its traffic increase an impressive 38 times from May of last year.
Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011 
Source: Compete.com retrieved June 29, 2011
Public Companies
The 18 public companies are as follows: Notable successes: - PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
- TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
- Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.
Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011
 Source: Compete.com retrieved June 29, 2011 _____________________________________________________________________________ Notes: 1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because: - They had been acquired.
- They were no longer available online.
- They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
- The number of unique visits was too small to be considered accurate.
- They were subdomains of larger websites.
2. Numbers have been rounded to three significant digits. 3. The charts include companies that did not have measurable traffic in May 2011, indicated by "N/A." 4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.
ActivePath A top Brazilian card issuer implemented an ActivePath solution. Link
AlphaClone AlphaClone incorporated new sentiment scores into its stock view pages. Link
Bills.com Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link
Blaze Mobile Blaze Mobile was awarded a patent for NFC on stickers. Link
BOKU BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link
Braintree Braintree received $34M in Series A funding from Accel. Link
Currensee  Reuters outlined the benefits of Currensee. Link
Credit Karma Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link
doxo doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link
Dwolla Dwolla said its Grid payment network is more secure than Visa and MasterCard's card networks. Link
Dynamics Dynamics raised $35M for computerized smartcards and payment systems. Link
eToro  Reuters outlined the benefits of eToro. Link
eWise gotoBilling, Inc. added eWise's Secure Vault Payments as another payment platform. Link
Expensify The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link
Fiserv Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link
Guardian Analytics  Yahoo! Finance reported that Guardian Analytics' FraudMAP is helping financial institutions meet FFIEC guidelines. Link
HelloWallet HelloWallet was added to Mercer's Outsourcing business benefits administration. Link
Intuit Intuit purchased Mobile Money Ventures' web banking technology to augment its mobile banking capabilities. Link
Kony Solutions  The American Business Awards selected Kony Solutions as the Most Innovative Company of the Year. Link
Lendio The Launch blog highlighted Lendio. Link
Outright Outright rolled out a new report function allowing clients to view sales by state. Link
PayPal PayPal reached 100 million active users. Link
Profit Stars Profit Stars introduced its new Remote Deposit Anywhere solution. Link
Prosper - Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
- The San Francisco Times reported on Prosper's growth. Link
Q2ebanking Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link
SimpleTuition SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link
SmartyPig SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link
TradeKing TradeKing implemented SunGard's MarketMap to deliver market data to its active trading platform. Link
UBank Mashable highlighted UBank's feedback forum. Link
Voice Commerce Voice Commerce launched a payment solution for the iPhone. Link
Wikinvest  PC mag reviewed Wikinvest's mobile app. Link
Xero Tech Day assessed Xero's Debtor Daddy service. Link
 AlphaClone AlphaClone launched a new feature that measures sentiment. Link
BillFLO Taulia acquired BillFLO. Link
Bills.com  Bills.com shared money-saving strategies for recent college graduates. Link
BrightScope BrightScope was highlighted on the Tuscon NBC news channel series, "4 Your Money." Link
CashEdge Ally Bank began offering CashEdge's Popmoney service. Link
Continuity Control  LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions, began offering Continuity Control's CreditUnion Assistant program. Link
CreditKarma Credit Karma introduced its Approval Odds service to help avoid being declined for a card. Link
Currensee Currensee reached $6 billion in trading volume and $12 million under management. Link
doxo The MakeUseOf blog reviewed doxo's online filing cabinet. Link
Dwolla - Dwolla CEO commented on the Bitcoin virtual currency debate, exchange, and hysteria. Link
- Dwolla's fees were compared to PayPal's. Link
- Silicon Prairie News discussed Dwolla CEO's comments on Bitcoin. Link
eWise eWise Payo's smartphone app won the Editor's Award for Consumer Focus at the 2011 Cards International Awards. Link
Expensify  - The Dallas News highlighted Expensify. Link
- Expensify was listed as one of 25 tools to help you manage spending by cmvlive.com Link
HelloWallet HelloWallet posted a short video series explaining its wealth-tracking service. Link
Jwaala  KEMBA Financial Credit Union implemented Jwaala's platform. Link
Lending Club - Lending Club is approaching its financial breakeven point. Link
- Reuters commented on Lending Club's P2P marketplace. Link
Lendio Lendio helped banks increase business loans by finding qualified borrowers. Link
Mortgagebot  Mortgagebot and Business Solutions extended their Tech Alliance to provide mortgage application solutions at preferred terms. Link
PayNearMe PayNearMe facilitated 7-Eleven's partnership with Greyhound for cash transactions. Link
Prosper Reuters commented on Prosper's P2P marketplace. Link
Receivables Exchange  The Receivables Exchange won 2011 "Management Team of the Year" at the Stevie Awards. Link
Strands Strands Personal Finance landed in the 2011 Red Herring Top 100 North America list. Link
TradeKing TradeKing announced its free webinar series on trading advice beginning July 12th. Link
Voice Commerce  Voice Commerce launched its CashFlows app. Link
Xero Getapp.com reviewed Xero's cloud-based software. Link
Betterment Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link
BrightScope BrightScope announced the top 10 treasury inflation protected securities funds in America's 401ks. Link
ChargeSmart  Fox News' Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link
Check Point Software Technologies Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link
ClairMail ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link
Corduro  The New York Times reported that Corduro's cloud platform challenges PayPal and Square's mobile payment services. Link
Credit Sesame The Wisdom Journal depicted Credit Sesame's services as more than just credit scores. Link
Currensee See Betterment above.
doxo - doxo explained how to use its online filing cabinet and "due date" alerts to help organize GroupOn, Living Social, and other daily deals. Link
- TheFinancialBrand.com discussed Oregon Federal Credit Union's use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link
Dwolla - Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
- Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
- Omaha World-Herald covered Dwolla's arrival into Nebraska. Link
Enloop  - About.com highlighted Enloop's business plan creation service. Link
- Forbes blog discussed "How Not to Fail" by using Enloop to assess the potential success of a business plan. Link
Geezeo Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link
Guardian Analytics Guardian Analytics positioned by Gartner in the "Visionary" quadrant for web fraud detection. Link
HelloWallet  San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link
Hidden Levers Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link
Lending Club - Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
- Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link
Lendio  Lendio raised $2 million in debt financing. Link
PayNearMe PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link
Prosper See Lending Club above.
RobotDough  Dow Jones Financial reports that a UCLA professor backed RobotDough. Link
SecondMarket The Washington Business Journal discussed SecondMarket's recent popularity. Link
Sybase  Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link
TradeKing TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link
Tyfone Tyfone contracted with Star One Credit Union to use its NFC technology. Link
UBank  CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link
Aptys Solutions
Aptys Solutions signed with Banker's Bank, a top check depositor with the Federal Reserve Link
Backbase
Backbase to host webinar on how to use social media in financial services Link
Betterment  - Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
- Betterment celebrated its first birthday Link
Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link
Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link
Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link
Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link
doxo  - doxo's first fan video was posted online Link
- Oregon employees were the first to give its members doxo's online file cabinet Link
- TechFlash highlighted the benefits of using doxo to achieve paperless business Link
- 2Minute Finance interviewed doxo at FinovateSpring Link
Dwolla
- Dwolla was listed by inc Tech as one of three startups you must know from Big Omaha Link
- Credit Union Times listed Dwolla as a new P2P service rivaling 'bank giants' Link
edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link
Expensify
Slate explained how Expensify will help the 'frequent flier' Link 
Kabbage
Technorati described how Kabbage works with eBay Link
Lending Club
- Mint.com's blog covered what you need to know about Lending Club Link
- San Francisco Business Times commented on Lending Club's strong backing from both investors and lenders Link
- San Francisco Times reported that Lending Club stated it is not planning to go public for several years Link
LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link
Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link
Lodo Software
Lodo Software was described as a startup providing jobs in the "Silicon Prairie" region, a.k.a. Omaha Link 
Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link
Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link
PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link 
PayNearMe
BillShrink examined PayNearMe's cash payment service Link
peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link 
ProfitStars
ProfitStars announced a new version of Margin Maximizer that's now available as a hosted solution Link Robot Dough
2MiniuteFinance toured RobotDough's demo during interview at Finovate Spring Link
SecondMarket
- Wall Street Journal stated that SecondMarket helped fuel the tech boom Link
- CNBC interviewed SecondMarket for an explanation of the change in trading numbers Link and Link
Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link
ThreatMetrix
San Francisco Chronicle covered ThreatMetrix's research around mobile transaction activity Link
TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link 
TradeKing
TradeKing divulged the lineup of its free webinars in June Link
Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link
Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link
Wonga
- Wonga won 2011 Red Herring Top 100 Europe Award for exceptional accomplishments Link
- Wonga won the Media Momentum Awards, a coveted award for digital media companies in Europe Link
- Wonga's Errol Damelin discussed consumer-centric credit Link
Xero  - Diversity Limited commented on Xero's move to the US markets Link
- Xero and Keebo teamed up to help you manage and process receipts Link
- New Zealand Herald commented on Xero's surging revenue Link
Zecco
- The Wall Street Journal reviewed Zecco's new Facebook app Link
- Zecco launched an app for stock trades & viewing realtime market data on Facebook Link
Zopa
Zopa shows how it helps consumers protect against inflation Link
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