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  • Finovate-F-Logo.jpgLighter Capital provides $1 million in growth funding to 3 tech startups.
  • Check Point collaborates with VMware to provide network security for the private cloud.
  • Monitise now offers mobile alerting software as a standalone product.
  • Moven launches its mobile-first bank to public.
  • ClickZ features Actiance's compliance specialist, Joanna Belbey.
  • SafetyPay and GlobalShopex partner to provide a secure international shipping solution for U.S. ecommerce sites.
  • MacWorld Business lists Kashoo and Xero among their favorite online business accounting apps.
  • Wells Fargo reversal on P2P loan ban for staff is good news for companies like Lending Club and Prosper.
  • Kansas City Star features local biometric security startup, EyeVerify.
  • TradeHero launches Android version of their stock market simulation 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.

Finovate Alumni News-- January 21, 2014

  • Thumbnail image for Finovate-F-Logo.jpgFenergo taps Stan De Schepper for SVP, Americas.
  • National Bank of Andrews, AimBank to adopt Temenos T24 core processing platform. See Tememos at FinovateEurope in London.
  • Business Review Europe takes a look at Azimo's expansion into Austria.
  • GMC Software Technology recognized as industry leader in latest Forrester Research Wave report.
  • Technics and Time feature PayPal and TransferWise in list of ways to pay without your wallet.
  • Swipely unveils its "Winter '14" release to extend its service to help restaurant and hospitality customers make smarter decisions.
  • SafetyPay signs agreement with Brazilian firm Privalia.
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.
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.

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 or


The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

Here is the Q3 summary for 2013:

July -- More than $63 million raised by eight companies
August -- More than $26 million raised by six companies
September -- $82 million raised by nine companies
Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at or
  • Intuit integrates QuickBooks with Square's POS products via an API deal.
  • Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.
  • SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.
  • TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.
  • talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).
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.jpgComdirect bank launches PFM Service powered by Meniga.
  • SafetyPay adds the U.S. and Caribbean as regions where global merchants can accept cash payments for online purchases.
  • Locaid launches Locaid Campaigns platform to provide location-driven marketing tools to SMEs.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgSafetyPay pulls in $7 million from International Finance Corp.
  • Xero releases Personal for iPhone, a mobile app for Xero Personal subscribers.
  • B2C looks at Dwolla as a challenger to PayPal.
  • Ad Exchanger lists edo Interactive and Linkable Networks as two card-linked offer providers.
  • Read our latest CEO interview with Oren Levy of Zooz.
  • Mint, Expensify, Ready for Zero, SigFig, and Personal Capital populate US News & World Report's "10 Smartphone Apps to Boost Your Budget" list.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

In the fourth alumni funding this month, SafetyPay, a company that allows users to pay online directly from their bank account, received $7 million.

The International Finance Corporation (IFC), a member of the World Bank Group, is providing the entire amount for the Florida-based company, which currently operates in Canada, Europe, the U.S., and Latin America.

The money will be used to further SafetyPay's presence in the Latin American market, where total online retail sales grew $35 billion between 2006 and 2011, with an average annual growth rate of 41%.

To learn more about SafetyPay, watch its FinovateSpring 2010 demo.

This adds to the funding we've seen in the past couple of weeks, with SigFig, ERN Global, and Meniga all pulling in significant amounts. Even though we're in the heat of the mid-summertime fintech news slow down, American Banker's recent post makes it clear that funding activity has been on an incline. It cites a study by the FinTech Innovation Lab, stating that since 2008 U.S. fintech companies have received a total of $9.03 billion through 1,314 deals. This number is expected to grow.

We'll be sure to keep you posted as additional funding is announced.

  • Finovate-F-Logo.jpgLending Club's platform has originated $2 billion in total personal loans, $158 million of loans in June alone.
  • HSBC Bank Oman launches SecureKey for internet banking and upgrades mobile banking app.
  • Adidas to accept SafetyPay for online payments across Latin America.
  • Iowa government will soon accept Dwolla as payment for property and vehicle taxes.
  • The American Bankers Association endorses the card-linked offer technology powered by Linkable Networks.
  • The Next Web reports: Virtual stock market game startup TradeHero aims for $5m funding and 1m users by year-end.
  • Monitise and Telefonica enter mobile money partnership.
  • The Globe and Mail looks at On Deck Capital, Lending Club, and CommunityLend's FinanceIt as alternative financing.
  • Money Insider column in The Independent features Azimo.
  • interviews TSYS Director of Acquiring Solutions Product Management, Tedd Huff on payment processing.
  • OpenCoin launches Bitcoin Bridge, an e-commerce enabler for Ripple.
  • CEOCFO Magazine interviews Blaze Mobile CEO Michelle Fisher.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- July 1, 2013

  • FinovateLOGO.jpgCorduro teams up with LendUp to provide loans to help pay for medical expenses.
  • Entrepreneur Handbook reports on EZBOB's 12-month loan for online retailers.
  • CrowdFundBeat features SeedInvest and its new feature, SeedInvest Groups.
  • TSYS announces completion of NetSpend acquisition.
  • Banking Technology takes a look at LICUOS and the company's win of Innotribe Startup Disrupt at Next Bank Madrid.
  • SafetyPay and GlobalCollect partner to advance secure Int'l payment solutions to over 300 million consumers.
  • interviews BillGuard CEO Yaron Samid.
  • SecondMarket expands into Bitcoin.
  • Virtual Piggy teams up with Live Gamer.
  • AG Beat describes why Kabbage and other alternative lenders will remain prevalent.
  • miiCard wins award for Technology Innovation in Financial Services at the 2013 ScotlandIS Digital Technology Awards in Glasgow.
  • BlinkMobile Interactive announces partner agreement with Linktech Solutions.
  • interviews CSI Enterprises CEO, Keith Stone, on recent updates to the company's globalVcard 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.
  • Finovate-F-Logo.jpgTitan Bank and Congressional Bank now buying loans through the Lending Club platform.
  • Nexonia integrates its expense reports solution with
  • Mexican Airline Volaris adds SafetyPay to payment method options.
  • Prosper reduces maximum loan percentage to 50% for investors in any one loan.
  • Geezeo signs Corporate America Family Credit Union.
  • Andera's oFlows platform will be the new account opening technology for Intuit's financial institution clients.
  • Check (formerly Pageonce) announces expedited payments.
  • Consumer Reports takes a look at the growth of Better ATM Services.
  • Wallaby releases version 2.0 for iPhone with new interface, Foursquare integration.
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-- March 14, 2013

  • Thumbnail image for Finovate-F-Logo.jpgTemenos to partner with Caisse Financial Group, providing T24, Insight, Temenos Connect.
  • ACI Worldwide completes Online Resources Corporation acquisition.
  • Standard Chartered Bank moves Africa headquarters from Dubai to Johannesburg.
  • TechCrunch reports: Intuit launching Intuit Pay mobile payments service in the UK.
  • LearnVest aims to hit 100 planners by year-end.
  • TechCrunch reports: PayPal Here takes on Square Register with new iPad payments app.
  • SafetyPay and giropay join forces to secure internet payments in Germany.
  • TIBCO enhances real time loyalty marketing platform.
  • PrintWeek interviews GMC Software Technology COO Michael Watts.
  • CSI Enterprises set to announce updates to its globalVCard pay systems solution at the Innovation Project 2013 in March.
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-- February 25, 2013

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces MasterPass, enabling one-touch transactions with payment cards and devices.
  • Service2Media launches new version of App Lifecycle Platform, M2Active 4.0.
  • TSYS extends payment processing contract with Green Dot.
  • features Azimo's money transfer service.
  • Continuity Control releases regulatory compliance management system for small- to mid-size credit unions.
  • Kantox adds spot transactions to FX to offer a full range of FX services to corporate clients.
  • Kony opens EMEA office, enhances mobile CRM product.
  • Market Consensus reviews BillGuard.
  • New Zealand-based bank, ASB, supports automagic bank feeds into Xero.
  • Next Advisor compares TrustedID with competitor.
  • Des Moines Register reports: Open atmosphere, passion for product help Cedar Falls' Banno grow.
  • SafetyPay to power Computop's Paygate payment 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.
  • Finovate-F-Logo.jpgVoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.
  • Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.
  • FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.
  • Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.
  • Lend Academy features Interview with New Prosper CEO Stephan Vermut.
  • SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.
  • EnStream to enable the support of SecureKey's authentication, identity & online payment solutions on mobile phones in Canada.
  • Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.
  • Luminous partners with Nihilent Technologies to sell Luminous' solutions in India.
  • featured in this week's Venture Capital program.
  • Mortgagebot expands space in Mequon with lease for new building.
  • PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.
  • interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.
  • TSYS announces acquisition of NetSpend in deal worth more than $1 billion.
  • ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.
  • Metaforic's product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.
  • Delaware Online hails eDeposit as a boon for small businesses.
  • ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.
  • Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.
  • Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.
  • Opencart announces full integration of Klarna invoice and partial payment system.
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.jpgCachet 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.

Finovate Alumni News-- January 21, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAndroid Does takes a look at the latest update to Pageonce Money & Bills app.
  • ACI Wordwide announces winners of its Excellence Award for 2013.
  • Forbes considers Movenbank's view of online reputation. See Movenbank demo live at FinovateEurope February 12 and 13.
  • The Des Moines Register takes an inside look at Ben Milne's thoughts on the future of Dwolla.
  • SafetyPay announces record growth: Number of transactions in 2012 increased 149% over 2011, the dollar value of transactions increased by 88.5% in 2012 over 2011.
  • BBVA announces mobile RDC for iPhone. Come see BBVA demo its new tech at FinovateEurope in London.
  • Lending Club issues the 100,000th loan on its lending platform.
  •'s "Credit Cards" app now available on Google Play.
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.jpg
  • Payelp Global partners with SafetyPay to expand online payment options for merchants and customers worldwide.
  • Enloop releases the next generation of its business planning app to help entrepreneurs plan businesses.
  • Social Money announces launch of new product, CorePro, with a new partner, The Bancorp.
  • Tradeshift announces partnership with Verbella CMG, an SAP Content mgmt. solutions provider.
  • Anton Commissaris, a founding exec of, joins Credit Sesame as COO.
  • Betterment enhances advice for life goals.
  • Capital Access Network names advisory board to guide launch and growth of latest offering to small businesses, CapTap.
  • CNBC reports CashStar, WEX partner to provide eGift card services.
  • New partnership with Klarna helps 3dcart reach European customers.
  • Compass Plus earns high ranking in annual PayX report.
  • AdExchanger interviews Bazaarvoice Media GM Barkow.
  • Team Bronson Moneymakers reviews Jingit.
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.jpgZipZap to power global cash payments for omba.
  • Forbes mentions Credit Sesame,, PayTap, Digital Mailer as 4 tools to help you manage your money.
  • Capital Access Network closes $295 mil credit that to serve the small business community.
  • PYMNTS chats with Kabbage's co-founder & chief operating officer, Kathryn Petralia.
  • GambleID taps Locaid for geolocation services.
  • PC World features Yodlee, ShopKeep POS, Bolstr, PaySimple, CommunityLend, & Billhighway.
  • CU Times reports Mortgagebot Launches First Credit Union on Integrated Platform.
  • SafetyPay, in conjunction with the Bank of Montreal, the RBC, TD Bank & Scotia Bank, offers online payment service via Canadian Interac network.
  • Fiserv selected as Affinity Provider in FPA Practitioner Resource Guide.
  • Currensee delivers PAMM Replacement Solution for CTAs and Money Managers.
  • Netbanker: BillGuard is first financial service to Integrate with the New iPhone Passbook Wallet.
  • Compass Plus partners with WorldWide Financial Services.
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.jpgForbes features's student loan platform. Come see's live demo at FinovateFall in NYC.
  • Alfa Insurance chooses Kony to power features of its mobile app.
  • Killerstartups features the planwise story and their success at FinovateFall 2011.
  • MSN Money compares CurrencyFair and competitor, Azimo. Come see CurrencyFair's live demo at FinovateFall.
  • Cartera Commerce named Global 250 Top Private Company for second consecutive year.
  • Actiance integrates Socialite platform and to help companies track and monetize social media conversations. Come see Actiance at FinovateFall September 12 and 13.
  • SafetyPay, launches mobile version of service available to mobile shoppers internationally.
  • NPR features Silver Tail Systems, discusses how In-Q-Tel gives it the CIA's seal of approval.
  • Check Point Software Technologies taps the power of virtualization to simplify security for private clouds.
  • Des Moines Register staff blog reports Dwolla CEO, Ben Milne, spreads his mobile payments message at TEDxDesMoines.
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.jpgSoMoLend raises $1.17 in Seed Funding.
  • TradeKing and Zecco announce agreement to merge.
  • The Economist names CurrencyFair as an option for transferring money abroad.
  • The Economist looks at how Wonga, Mint, SaveUp, and ReadyForZero use Big Data.
  • Xconomy reports Kony Solutions receives $15 mil in Series C financing.
  • Finextra reports SafetyPay takes e-commerce cash payment service global.
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.jpgIntuit buys Demandforce for $424 million.
  • SafetyPay awarded its first patent.
  • Baxter CU to integrate member data into the MoneyDesktop PFM for a real-time look into finances. Come check out MoneyDesktop at FinovateSpring 2012 in San Francisco.
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 Finovate-F-Logo.jpg
  • Credit Union Times reports Geezeo signs Alabama Telco & San Francisco FCU, totals over 85 clients.
  • P2P Money blog reports Zopa celebrates its 7th birthday.
  • Finextra reports MoBank announces the launch of MoPowered mCommerce service.
  • Detroit Free Press shows how BillGuard has helped people avoid unnecessary charges.
  • SafetyPay selects ZipZap's CashPay solution as its preferred cash payment option.
  • AppStorm shows off doxo.

  • Finovate shares Best of Show winners from 2007 to present.
  • Linkable Networks launches mobile app & API.
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.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma's tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Online payment solution company SafetyPay recently announced that its payment platform can now be used to purchase Facebook Credits:

"SafetyPay will be a payment option for Facebook Credits in Mexico, Costa Rica, Peru, Spain, Canada, United States, Austria, Germany and Brazil starting on December 9th, 2011. Facebook Credits can be purchased through SafetyPay without a credit card and without disclosing any personal financial information, which provides a safe online buying experience."

Users can redeem the credits for virtual in-game elements, movies, Target gift cards, and more.

To learn more about SafetyPay, watch its FinovateSpring 2010 demo.

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches "Alternative Alpha" index.
  • Forbes discusses Cardlytics and Offermatic's approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a "great Web-based accounting tool."

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.
The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.

Session Speakers
  • Tuesday, Global Game-Changer Session
    Speaker: Jim Taschetta from FreeMonee
  • Wednesday, Technology for Business Summit 
    Speaker: Mitch Jacobs from On Deck Capital
  • Wednesday, Technology for Business Summit Session 
    Speaker: David Eads from Kony Solutions
  • Thursday, Technology for Business Summit Session
    Speaker: Eric Connors from Yodlee
  • Thursday, Marketing & Product Management Summit Session 
    Speaker: Rod Witmond from Cardlytics
BAI Mobile Link
Mobile Link Panel Discussions
Solutions Theatre
Jim Bruene and I ( will be in attendance and will update the blog and Twitter with new developments throughout the event. 
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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 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

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 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 
EQuicknews listed as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link

The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link

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 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 added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link

  • 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 
kony solutions.jpg
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 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 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.jpg
On Deck Capital raised $19 million of its own in a Series C round of funding. Link

RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link

SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link

BostInnovation used SecondMarket's alternative investments platform to discover top Boston companies. Link

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 launched a $100 bonus for new customers who open an account by August 31, 2011. Link

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 released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link

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AcceptEmail partnered with WorldPay to launch an e-billing and online payment service. Link

GeekWire interviewed Balance Financial CEO, Devin Miller. Link

BancVue executives won Ernst & Young Entrepreneur of the Year. Link

BankOns referred to BankOns as the new GroupOn. Link

BillShrink was featured in The New York Times. Link

Forbes reported on BrightScope's list of exchange-traded funds held in America's 401k plans. Link

CheckFree expanded its functionality to support account-to-account and peer-to-peer transfers. Link

Clairmail joined the RSA Secured Partner Program to provide secure access to mobile banking. Link

  • doxo CEO explained paperless billing in a video interview, highlighting the mobile app. Link

  • doxo was featured on the Top Productivity Apps website. Link

  • Northwest Innovation reviewed doxo's mobile app. Link
TechCrunch reported that Dwolla hit a milestone of $1M in transactions per week. Link

  • Business News Daily interviewed Enloop CEO, Cynthia McCahon, about creating a "living business plan". Link

  • Huffington Post spotlighted Enloop. Link
eRollover launched an online solution for financial advisors to grow practices. Link

eWiseThumbnail image for eWise.jpg
eWise announced its partnership with Affirmative Technologies to speed the adoption of alternative payment methods. Link

Kiboo launched a public site called "Know Your Money".  Link

Lending Club
  • Lending Club posted a video of their five-word acceptance speech at the Webby Awards. Link

  • The Wall Street Journal noted Lending Club as leading the way in P2P lending. Link
  • mFoundry helped Starbucks build an app for Android. Link

  • mFoundry passed the 400 customer milestone. Link
Mitek's mobile check deposit was cited as the number one feature that would cause you to switch banks. Link

  • ComputerWeekly discussed the survey Monitise conducted on mobile banking. Link

  • Forbes discussed Monitises' deal with Visa. Link
  • peerTransfer is hosting a free webinar on international student payment processing this Wednesday, June 22. Link

  • peerTransfer won the Innovation Award from Massachusetts Innovation & Technology Exchange. Link
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  • Prosper announced that it is giving away an iPad2 to new investors. Link

  • The Wall Street Journal noted Prosper as leading the way in P2P lending. Link
SafetyPay was selected by BorderJump as its preferred payment solution for cross border transactions. Link

Fox Business News suggested using as a tool to help "pump up" savings. Link

Tagit helped Commonwealth Bank launch its first mobile app. Link

  • ThreatMetrix announced its cloud-based fraud prevention platform. Link

  • ThreatMetrix launched "ThreatMetrix Fraud Facts," a free downloadable report. Link
  • Tyfone was awarded an NFC over-the-air and over-the-wire seminal patent. Link

  • American Banker reviewed Tyfone's mobile payment patent. Link

  • NFC Rumors looked at how Tyfone uses SD cards to enable NFC transactions. Link

Alumni News -- Week of January 9, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here

Backbase is holding an engagement banking seminar on January 27. -- Attendance is free, but pre-registration is required.

Blippy has been nominated for a Crunchie award. -- The awards, given in a number of startup  categories, are a joint effort by three tech blogs: TechCrunch. VentureBeat and GigaOM.

FeeFighters (formerly TransFS) has raised an additional $1.6 million in funding. -- FeeFighters helps businesses comparison shop for credit card processing services.

Fifth Third Bank will offer Popmoney from CashEdge. -- Popmoney, an e-mail based money transfer system, will be available to Fifth Third customers in mid-2011.

Firstmark Credit Union selects Geezeo for PFM platform. -- The credit union, with  90,000 members with $700 million in assets, will use Geezeo's white label platform .

iBearSoft releases Money 5.0 mobile app. -- The new release includes several speedups and new features.

Jwaala offers free trials of the Better Online Banking (BOB) platform for credit unions. -- The trial platform can be launched within two days of the request and allows prospective clients to see all of the available features.

Kabbage raises an additional $6.5 million to support its loan business targeted to eBay and other online sellers. -- This round was led by BlueRun Ventures and UPS Strategic Enterprise Fund.

Kashoo users get a 30% discount on electronic tax filing with eSmart Tax.

PerkStreet and Lending Club offer cash prizes for creatively shredding credit cards. or

Plastyc and eBillMe launch a new banking system for self-employed users. -- The platform allows users to receive clients' electronic payments directly.

SafetyPay signs deal with Brazil's Banrisul. -- This will allow Banrisul Bank's three million customers to make purchases in their own currency by way of SafetyPay's service.

SmartyPig launches its first iPhone app. -- Users can add to their savings,  manage goals and even contribute to another user's goal. The app also includes a location-based tool to find participating merchants.  An Android app is planned for February.

Tyfone receives a fourth patent for mobile e-wallet technology. -- This newest patent, is entitled, "Asymmetric cryptography with user authentication."

The Mii card, powered by Yodlee, becomes a digital passport for online authentication. -- See the Mii card in Action at FinovateEurope.
From PayPal X Conference: uses PayPal business payments to transform how businesses get paid. and gets a makeover.

From PayPal X Conference: Bling Nation launches "FanConnect" platform. FanConnect helps consumers and businesses to connect at checkout via social media platforms like Facebook.

Blippy and Sephora work together to spread the word about cosmetic products via Twitter. See TechCrunch's story.

Continuity Control and uMonitor partner for compliance automation.

Dynamics Inc. is profiled in "the future of credit cards" in the New York Times.

From PayPal X Conference: Expensify announces support for expense reimbursement via PayPal. See a demonstration:

How Finsphere is helping to prevent identity theft with geo-location and mobile check-ins.

Ixaris partners with Apigee to create payment application development API platform.  -- The new platform will be named Ixaris Opn (pronounced "open").

From PayPal X Conference: More on Kabbage's service to provide working capital for eBay Sellers.

Lending Club welcomes North Carolina and Kansas. Peer-to-peer personal loans are now available in 42 states. launches MintData to delve into the spending habits of Mint's 4 million users. The data is anonymous and provides insight into the pocketbooks of customers in 300 U.S. cities.

From PayPal X Conference: launches free accounting app in PayPal apps marketplace.

Citi takes CashEdge's Popmoney Service live. FinVentures breaks it down.

The Receivables Exchange Co-Founder and CEO Justin Brownhill was named one of  Silicon Alley Insider's "Silicon Alley 100." The list covers New York's "Coolest Tech People in 2010."

SafetyPay pioneers new ways to provide micropayments in the gaming industry.

Alumni News -- Week of September 13, 2010

Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.

Jack Henry Banking Group announces standalone P2P payment solution. The payments solution will be powered by iPay Technologies, which was acquired by Jack Henry in June of this year.

Lending Club investors set a new single-month record of $12 million in August!

Lending Club wins the Web Award for best investment site. -- The award is given by the Web Marketing Association for outstanding achievement in Web development.

First Tennessee Bank and mFoundry deployed a fully integrated mobile banking platform in less than 60 days. First Tennessee's middleware provider was Finovate alum Fiserv. The three firms worked together to rapidly deploy the new banking platform. Results indicate that the launch went smoothly.

SafetyPay partners exclusively with largest bank in Costa Rica. -- SafetyPay now has an exclusive agreement with Banco Nacional de Costa Rica.

SecondMarket featured in New York Times article. The story, "To Create Jobs, Nurture Startups," featured SecondMarket as a startup, and ran on Sept. 13.

SmartyPig unveils its "race out of debt" contest giving away almost $5,000. The contest runs through September 27, 2010.

WorkLight and SAGE partner to build mobile money applications.

See British Peer-to-Peer lender on television. The program was broadcast on ITV London Tonight.

Alumni News -- Week of August 30, 2010

Here are the news updates for the week of August 30, 2010. To view in real-time, follow us here.

BancVue is acquiring a large credit card portfolio from the FDIC.

BancVue was #117 on the Inc. Magazine list of 500 fastest-growing private companies. See the report here:

Betterment speeds deposit and withdrawal times. Transfers between Betterment and bank accounts are now accomplished within the standard ACH window (2-3 days).  

Bank of the West Selects ClairMail as mobile banking partner. Bank of the West has assets of $61 million and is the California-based subsidiary of BNP Paribas.

Former SEC commissioner Roel Campos joins Gratio Capital as an advisor. Gratio Capital launched its service GoalMine service at FinovateSpring 2010.

Kasasa joins with celebrities such as Zach Efron and Dakota Fanning for "Stand Up To Cancer." Watch for the TV ads and telethon featuring Kasasa Giving.

Kashoo is hiring! See tips on how to get hired and what to expect (including work from home flexibility) here:

SafetyPay releases white paper entitled "Banking on Online Banking." The report highlights the importance of monetizing online banking.

SapientNitro and Geezeo argue the merits of "engagement banking" in a unique interactive report authored by Bank2.0 author Brett King.

SecondMarket honored as a "technology pioneer" by the World Economic Forum.

SecondMarket was #270 on Inc. Magazine's list of 500 fastest-growing private companies. 

WorkLight announces support for Blackberry. Version 3.3.1 is available as a free download from the WorkLight developer zone.

ZimpleMoney releases white paper "Lending With A Purpose."

Alumni News -- Week of August 9, 2010

Here are our news updates for the week of August 9, 2010. To get our updates real-time, follow us here

Bling Nation partners with two more banks. Bling Nation is now providing its mobile payments solution to 15 banks.

Intuit buys personal finance company Cha-Ching. Users of its Mac app are being migrated to and Quicken.

Firethorn shows it's "SWAGG." The technology will allow users to use, exchange and purchase gift cards with their mobile phones.    

CP Federal Credit Union selects "BOB" from Jwaala -

On Deck Capital offers new (free) small business tools. Now On Deck Capital has launched free online credit-evaluation tools for small businesses. 

SafetyPay is entering the U.S. market. The retail pilot program will help to monetize and secure online payments. See their demo at FinovateSpring 2010

SmartyPig lets you share progress towards your goal. Twitter and Facebook integration allow users to share their progress towards goals.

Sybase 365 upgrades m-banking platform. Version 3.0 was released August 9.

The Receivables Exchange announces 300% YTD growth. The company allows firms of all sizes to sell receivables to improve cash flow.

TransFS raises $510,000 for credit card processing comparison site. The TechCrunch story indicates that TransFS hopes to replicate for business what BillShrink has done for consumers.  

FinovateSpring 2010 LogoJust a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you'll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations. 

We've handpicked an amazing list of companies to demo their latest including:

Tickets are selling well with hundreds of registered attendees from great organizations like: 

  • AARP
  • BNP Paribas
  • CBS
  • Experian
  • Google
  • Intuit
  • Kaiser Permanente
  • Mechanics Bank
  • Tower Group
  • USAA
  • Visa
  • Aite
  • Capital One
  • Celent
  • Filene
  • H&R Block
  • Jack Henry
  • Motley Fool
  • Target
  • PayPal
  • US Bank
  • Wells Fargo
  • Alliant Credit Union
  • Canaan Partners
  • Discover
  • Forrester Research
  • Highland Capital
  • Javelin Research
  • NY Times
  • TransUnion
  • Venrock
  • Wired Magazine

FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It's an awesome environment to find your next competitive edge.

Don't miss out on the early-bird price on your ticket to this great show. Register now!

P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.

ericphoto.jpgEric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at


We're very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we're incredibly excited to showcase them to you.

The demoing companies selected (that we can reveal so far) are:

These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.

A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.

We'd love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you'll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!

ericphoto.jpgEric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at

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