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Alumni News-- September 29, 2014

  • Finovate-F-Logo.jpgCreditCards.com and Wallaby launch the WalletUp mobile app to help consumers maximize credit card rewards.
  • LendingRobot will now manage up to $10,000 for free.
  • Billhighway debuts at #1 on Detroit Free Press Top Workplaces List in Small Business category.
  • miiCard participates in NSTIC Pilot for State of North Carolina eID Program.
  • Birdback brings card-linked offers to US and Brazil.
  • Smart Tuition and peerTransfer partner to help International tuition payers.
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 13, 2014

  • Finovate-F-Logo.jpgNetbanker features 2012- 2013 fintech graduates from Y Combinator:  TrueLink Financial, Coinbase, and LendUp.
  • Netbanker features 2009- 2012 fintech graduates from Y Combinator: ZenPayroll, SmartAsset, TrustEgg, FutureAdvisor, ReadyForZero, and WePay.
  • American Banker considers how Diebold is leading the way on the branch of the future.
  • peerTransfer surpasses 500 clients, while processing over $1 billion in international payments.
  • Heartland Payment Systems buys out remaining shareholders of tablet software and hardware startup, Leaf.
  • ACI Worldwide announces completion of ReD acquisition.
  • Lending Club mentioned in HBR Blog's look at how new lending technology can help small businesses.
  • Silanis Technology partners with loan management software specialist Calyx Software. See Silanis at FinovateFall 2014 in September.
  • planwise teams up with Informa Research Services to launch plug-and-play search tool of real estate agents and brokerages.
  • NextAdvisor column in HuffPo highlights LendUp as alternative loan option for the underbanked.
  • Pandai announces joint cooperation with China and Hollard to leverage their experience in the loan insurance market.
  • Xero and Square partner to sync Square transactions and give a business a view of their finances. See Xero present at FinDEVr. 
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 12, 2014

  • Finovate-F-Logo.jpgAmerican Banker: Monitise launches Monitise Create, its mobile app design arm, in North America.
  • Zopa has now funded over 100k loans for UK borrowers. Its 52k active lenders have made 27.9 million loans since 2005.
  • ID Analytics to enhance products by incorporating Mattersight's speech and behavioral analytics technology.
  • First Financial Bank to use Q2's digital banking platform to connect local businesses to bank clients.
  • peerTransfer now supports currencies from over 95 countries at more than 475 institutions across the US, Europe, Canada, and Australia.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
FinovateFundingIMG.jpg

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

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

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

March Madness, indeed.

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

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

Total raised = More than $592 million

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

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com
  • Finovate-F-Logo.jpgID Analytics names George Gelly Chief Product Officer.
  • Doxo reviews 2013: hits 1 million users mark, achieves 3 to 6x growth in every region of U.S.
  • Northeast Bank to deploy Jack Henry Banking's SilverLake System core processing platform.
  • TSYS to launch Authorization Controls for credit and debit cardholders.
  • University Business Magazine names peerTransfer a Top Product of 2013.
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.

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What's better than raising more than $6 million in June?

Raising another $6 million and change in December.

In a series B round including both new and existing investors, international tuition payment specialist peerTransfer announced that it had followed up its mid-summer fundraising effort with an equally successful $6.2 million raised in late December. 

Participating in the round were new investor Devonshire Investors, and existing investors FIDES, Kibo Ventures, Spark Capital, and QED Investors. With more than $12 million raised in 2013, peerTransfer's total capital now stands at more than $21 million.

peertransfer_homepage.jpg
peerTransfer also announced that it was promoting VP of Sales and Marketing, Mike Massaro to CEO. Founder Ike Marcaide will leave the CEO post to focus on strategic initiatives for the company.

A specialist in peer-to-peer international remittance, peerTransfer has distinguished itself by providing a streamlined international payment solution for schools and their international students. peerTransfer supports more than 45 currencies and accepts payments from 190 different countries around the world.

The company also recently announced a record-setting 2013, with its total customer base climbing to 400 colleges, universities, and other educational institutions.

Based in Boston and founded in 2009, peerTransfer demoed its tuition payment solution, peerTransfer Education, at FinovateSpring 2011 in San Francisco. Watch the company in action here.

Finovate Alumni News-- January 2, 2014

  • Lending Club announces more than 144,000 loans valued at more than $2B processed in 2013.
  • AARP Blog highlights Manilla among its list of "6 mobile apps to help you get organized."
  • peerTransfer reports another $6 million investment and a new CEO
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.jpgThe Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.
  • peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.
  • Tradeshift brings in $15 million of a $57 million equity round.
  • Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.
  • Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.
  • Klarna acquires Sofort to become 10% of Europe's $100 billion e-commerce market.
  • Les Muma, former Fiserv CEO, to join board of directors of FIS.
  • UAE's Bank of Sharjah to offer CR2's BankWorld-powered mobile banking app.
  • ayondo announces new features including open positions in profile view.
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.
  • Taulia announces its Supplier Assurance Initiative, designed to provide services to customers and suppliers within Xign's buyer network.
  • Upstart Business Journal features peerTransfer.
  • Azimo announces $1 million seed round for European expansion.
  • ACI Worldwide launches ACI Bill Presentment Services to ease adoption of electronic billing and invoicing.
  • eDeposit announces that it is now a fully licensed money transmitter in all 50 states.
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-- September 26, 2013

Finovate-F-Logo.jpg
  • Updated Google Wallet app lets users store loyalty cards.
  • MasterCard teams up with National Bank of Egypt, Egyptian Banks Company, and Fawry to launch m-wallet in Egypt.
  • EBay's PayPal acquires Braintree in $800M cash deal.
  • The Boston Business Journal features peerTransfer.
  • miiCard presents trends from the innovators at FinovateFall.
  • Lendio raises $4.5 million for small business loan-matching Service.
  • TechCrunch reports: SecondMarket launches a Bitcoin investment trust for accredited investors.
  • Billhighway adds Boys & Girls Club of Troy as client.
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-- August 12, 2013

  • FinovateLOGO.jpgTSYS announces support for Paynet's "Great Migration to EMV" initiative.
  • Locaid CEO talks about verification services as a role for Location-as-a-Service companies.
  • Decisions management expert James Taylor reviews Yseop.
  • Former American Express Consumer Cards Services Group President Phillip Riese Joins peerTransfer Board of Directors.
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.

  • Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million.
  • Billhighway adds Cole County Residential Services as client.
  • MasterCard unveils Simply Commerce to help merchants accept electronic payments.
  • Newfination interviews Patrick Griffin, head of business development for OpenCoin.
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.

This week, three Finovate alums announced significant funding, totaling more than $34 million.

Kony.jpgKony: provides mobile app and multi-channel solutions
    • Amount: $18.3 million Series D
    • Investor: Telstra Ventures 
    • Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
    • Total Raised: $52.4 million
    • Founded: 2007
    • FinovateFall 2011 demo

KonyHomepage.jpg

Peertransferlogo.jpg
peerTransfer: provides solutions that lessen the cost of international student tuition payments 

peerTransferHomepage.jpg

ReceivablesExchangeLogo.jpg
The Receivables Exchange, an online marketplace for buying and selling accounts receivables
    • Amount: $10 million
    • Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
    • Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
    • Total Raised: $39.8 million
    • Founded: 2007
    • FinovateFall 2010 demo

ReceivablesExchangehompage.jpg
  • Finovate-F-Logo.jpgIDology launches photo ID scan & validation solution.
  • Aseanstartup reports: Big data becomes agile and beautiful with BellaDati.
  • BBC News features Nick Hungerford, Nutmeg CEO.
  • BusinessDating.com adds miiCard ID proofing for members.
  • ShopKeep POS iPad point of sale wins Red Herring Top 100 North America Award.
  • The WSJ features Personal Capital features Personal Capital and Jemstep.
  • The Economist looks at P2P lending through the eyes of Lending Club and Prosper.
  • peerTransfer adds 22 new payment methods from China and India.
  • Consumer Reports' Money Minute takes a look at EyeVerify in a report on smart phone banking security.
  • ayondo offers spread betting for UK and Irish customers.
  • Four Finovate alumni featured in OBR crowdfunding report.
  • Founder and managing director of Mozo, Rohan Gamble interviewed by The CEO Magazine.
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-- April 23, 2013

Thumbnail image for Finovate-F-Logo.jpg
  • Executive Magazine profiles TransferWise and talks Middle East expansion.
  • Reference Data Review takes a look at Fenergo's efforts to make compliance easier and more efficient.
  • ACI Worldwide announces Universal Payments Platform.
  • TransferWise wins Estonia's "Best E-Service" contest.
  • Joe Brancucci, CEO of GTE Financial joins Mortgage Harmony Advisory Board.
  • Keith Kelly, Mortgage Harmony CEO, awarded a Tech All-Star Award by Mortgage Banking Magazine. Check out Mortgage Harmony's live demo at FinovateSpring.
  • Ping Identity named 2013 Top Workplace by The Denver Post for second consecutive year.
  • SecureKey named Top Growth Company in 2013 Branham300 list of Top 10 Growth Companies.
  • Global Security Services Company selects Kofax to automate accounts payable operations in Latin America. Check out Kofax at FinovateSpring.
  • ProfitStars wins 2013 Payments System Awards from NACHA - the Electronic Payments Association.
  • ACI Worldwide's Architech Mobile Banking provides PFM, integrated bill payment and account-to-account transfers to iOS, Android smartphones.
  • Azimo wins SWIFT Innotribe challenge; advances to finals at Sibos 2013 in Dubai.
  • peerTransfer now serving more than 300 colleges and universities, has partnered with 48 new educational institutions during the first quarter of 2013.
  • Zooz closes $2 million Series A round led by XSeed Capital. See Zooz in action at FinovateSpring in May.
  • GeoComply and Locaid team up to bring geolocation services to mobile and Internet gaming industry. See Locaid demo at FinovateSpring in May.
  • Innov8social interviews Julia Streuli, head of communications for Bright Funds. Join Bright Funds in San Francisco for FinovateSpring.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe WSJ looks at angel investing via SecondMarket.
  • BOKU announces mobile payments partnership with U.S. Cellular.
  • In 4Q 2012, peerTransfer partnered with 51 schools. Over 25% of international students in the U.S. can pay their education expenses using peerTransfer.
  • TSYS announces partnership with Priority Payment Systems.
  • Jim Offerdahl appointed as new Bazaarvoice CFO.
  • Credit Agricole is the first bank in Portugal to provide contactless cards.  See their demo at FinovateEurope in February!
  • Keynote offers free mobile testing via DeviceAnywhere.
  • American Banker reports: Iowa Bank Creates Digital Identities from Fingerprints & Photos using TASCET's Financial ICONN software.
  • VentureBeat reports BBVA pools $100 million fund to invest in fintech startups. Come see BBVA's live demo at FinovateEurope.
  • Credit.com announces "best balance transfer card" as part of Best Credit Cards in America series.
  • TrueOffice announces $3 million raised in Series A financing.  Catch their demo at FinovateEurope in February.
  • Access Development launches "Savings Across America" customer incentive product.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker looks at how UMB is implementing Dynamics' ePlate card technology.
  • peerTransfer rolls out international payment solution to the K-12 (kindergarten through twelfth grade) education market.
  • InComm Canada launches No-Fee Vanilla Prepaid Product Line.
  • The CUNA Technology Council presents MoneyDesktop with Best of Show Award at the 17th Annual CUNA Technology Council Conference.
  • Cachet Financial Solutions powers Simple's Remote Deposit Capture.
  • STL Beacon reports SoMoLend blazes new funding path in St. Louis through loans.
  • Expensify launches new feature: Commercial Card Reconciliation.
  • Desert News reports Virtual Piggy helps parents control children's online spending.
  • VentureBeat reports Equifax buying CSC's credit-services biz for $1B in cash.
  • Banno partners with ProfitStars to offer remote deposit, integrated bill pay.
  • Thomson Reuters upgrades user interface, functionality for FX Matching 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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World's top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada's Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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  • PayPal Starts Selling PayPal Here at AT&T Stores, Teams Up with MoneyGram.
  • Finextra reports Clear2Pay and Backbase join forces on customer experience.
  • Forbes looks at Dwolla's business model.
  • Equifax partners with Lender Processing Services.
  • CU Insight covers DigitalMailer.
  • CNBC interviews Alastair Lukies, Monitise CEO and co-founder.
  • Xconomy lists peerTransfer as 1 of 5 startups to watch.
  • CU Broadcast chats with Mitek's Daniel Simon.
  • American Banker features BankersLab's CollectionLab.
  • peerTransfer First to Help Chinese International Students Pay in Renminbi.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy integrates its youth payment system into Arbor Collective's ecommerce operations.
  • AcceptEmail featured in The E-invoicing Market Guide 2012.
  • BOKU receives A+Trust rating from the Better Business Bureau.
  • Barnard College partners with peerTransfer to streamline international education payments.
  • Simple begins on-boarding customers, loses CTO Alex Payne.
  • Xero reaches 100k paying customers, discloses additional metrics.
  • Tinkoff Credit Systems launches new online banking on Backbase.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKabbage to provide Monsoon Commerce customers $20 million in capital.
  • Paul Farmer joins Silver Tail Systems as CFO.
  • BofA to provide Acculynk's PaySecure to enable PIN debit payments online.
  • peerTransfer now supports Indian Rupee and 36 new partner schools.
  • Angry Birds creator selects Braintree's payments platform.
  • Continuity Control reels in $2.25 million in funding.
  • CashStar receives $5 million in funding.
  • Farm Credit Services of Mid-America selects ProfitStars for ALM reporting.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKashoo signs accountant.org to its MVP program.
  • The WSJ looks at SecondMarket's life after the Facebook IPO.
  • 2 Minute Finance gets a personalized demo from Cardlytics.
  • Virtual Piggy moves headquarters to Hermosa Beach.
  • Taulia and Cloud Trade join forces to ease invoice process for buyers and suppliers.
  • peerTransfer partners with Educational Computer Systems (ECSI) to broaden its reach.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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Last week tuition payment solutions platform, peerTransfer, announced that it partnered with Educational Computer Systems (ECSI), a service provider for the higher education industry.

The partnership will enable international students attending ECSI partner schools to process their tuition and other school-related payments using the peerTransfer platform. It will also integrate international payment options for students using ESCI's tuition payment platform.

To learn more about peerTransfer, watch its FinovateSpring 2011 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgpeerTransfer partners with Boston College.
  • L' atelier reports FreeMonee brings banks, customers & businesses together through promotional offers.
  • The Washington Post interviews Dwolla's Ben Milne.
  • Amex partners with InComm to reload its prepaid cards.
  • Spend Matters explores how Tradeshift's Cloudscan makes e-invoicing sexy.
  • Business Insider shares how to use JemStep to see if your broker is wasting your money.
  • ReadyForZero helps users pay off $12.5 million in debt, launches savings platform.
  • Kabbage partners with drop ship wholesaler Doba.
  • AlwaysOn selects Bill.com as a 2012 OnDemand Top 100 winner.
This post will be updated throughout the day as news and developments emerge. You
can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology News reports HomeDepot now accepts PayPal payments at all 2,000 retail stores.
  • Des Moines Register interviews Jordan Lampe, Dwolla's director of communications.
  • BancVue completes sale of $120 million credit card portfolio to First Arkansas Bank & Trust.
  • ThreatMetrix launches program to report malware capabilities.
  • Accounting Today selects Bill.com Receivables for its Top New Products of 2012.
  • Diversinet names Dr. Hon Pak as CEO.
  • Sallie Mae & peerTransfer partner to facilitate international tuition payments.
  • Reuters looks at FINRA and Brightscope to give more information on financial advisors.
  • Omaha.com looks at how Dwolla survived the downturn.
  • Weemba celebrates 6 months of operation, unveils operating stats.
  • Handpoint Headstart wins 2012 Channel Awards.
This post will be updated throughout the day as news and developments emerge. You
can also follow all the alumni news headlines on the Finovate Twitter account.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo 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.
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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the "Dwolla-trajectory."
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club's Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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PeerTransfer, a startup that facilitates international tuition payments, announced a partnership with Tuition Management Systems, an organization that helps students manage college costs. 

"Through the partnership, families will be given additional flexibility and be able to make tuition and other education related payments, typically in the currency of their home country."

The peerTransfer platform will be available to Tuition Management Systems's network of over 700 schools across the nation. Students of these schools will benefit from lower fees and favorable exchange rates, saving up to $1,500 on a $40,000 tuition payment

To learn more about peerTransfer, watch its FinovateSpring 2011 demo.

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  • Bank Technology News lists ActivePath, Cardlytics, and PayPal as 3 of the top 10 tech companies to watch.
  • mFoundry powers First Hawaiian Bank's m-banking.
  • The Houston Chronicle examines how Dwolla helps consumers give money to friends & family without exchanging cash.
  • Mixergy interviews Matt Fellowes, CEO of HelloWallet, to discover how it went from 0 to 300K subscribers in 5 months.
  • Plastyc receives over $1.2 mil in new funding from undisclosed investor.
  • Acculynk forms International Internet PIN Acceptance Consortium with major e-commerce merchants.
  • Taulia's billFLO to continue service beyond December 1 shutdown date.
  • Continuity Control doubles 3rd quarter revenue, partners with BancVue.
  • PeerTransfer partners with Tuition Management Systems.
  • MasterCard invests in mFoundry to bring PayPass to mobile phones.
  • Dwolla now free for transactions under $10.
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.
Peertransferlogo.jpgLast week, peerTransfer announced that during the third quarter of 2011 it signed up more than 30 new universities:

"Schools such as Oberlin College, Georgia State University, Western Kentucky University, Mount Holyoke College, University of San Diego and Stevens Institute of Technology join peerTransfer's now 50 plus partner schools."

The startup allows international students to finance tuition in their own currency helping them save on currency exchange fees.

To learn more about peerTransfer, watch its demo from FinovateSpring 2011.
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  • BillGuard CEO, Yaron Samid, shares lessons learned as a startup entrepreneur.
  • Expensify listed as 1 of 7 software makers to bring integrated, cheaper add-ons to Google Apps.
  • The Globe and Mail lists Wikinvest as a tool to help ordinary investors dig through the data.
  • Investors.com explains the benefits of using Yodlee to track your finances.
  • Fast Company examines Betterment and BillGuard's  #occupywallstreet event.
  • Dwolla alters its registration process into a more pleasant experience.
  • VentureBeat explains how Prosper is helping to support the #occupywallstreet protesters.
  • peerTransfer partners with 30 new universities.
  • Bill.com receives "Awesome Add-On" award.
  • Social Lending Network provides details on Prosper's recent round of funding.
  • Balance Financial launches professional 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.
Peertransferlogo.jpg
International education payment startup, peerTransfer, announced a round of $7.5 million in Series A funding from Spark Capital, Accel Partners, Maveron, and Boston Seed Capital.

"The funding will be used to increase headcount and infrastructure across functional areas to support growth as it expands the number of colleges and universities it works with. peerTransfer already works with over 30 leading institutions..."

This round, when added to the $1.1 million in seed money received last October, brings the startup's total funding to $8.6 million.

To learn more about peerTransfer's international education payments processing, watch its FinovateSpring 2011 demo.

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