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

Blog

TopicsTopics   TopicsArchives  

Recently in SecondMarket Category

Alumni News-- December 9, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCachet Financial Solutions to offer Mitek's Mobile Photo Account Opening SaaS suite.
  • CrowdFlower CEO Lukas Biewald writes personally about the relationship between startups and their boards of directors.
  • Investor Junkie reviews roboadvisor, iQuantifi.
  • Knox Payments partners with ChangeTip to support bitcoin transaction via ACH.
  • Yodlee introduces transaction data enrichment service.
  • Fox News compares funding of Wealthfront, Personal Capital, Betterment, and SigFig.
  • Blackhawk Network's closed loop gift cards available at some USPS locations.
  • VentureBeat: App Annie now tracks stats from Windows and Windows Phone stores.
  • SecondMarket wins 48,000 Bitcoin in U.S. Marshals auction.
  • Actiance extends security capabilities to email.
  • TechCrunch: Trustev Uses Fraud Detection Software to Crack Down on Internet Trolls.
  • Dashlane launches one-click password changer.
  • BehavioSec Lands $6 Million Led by Northzone and Octopus Investments.
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 25, 2014

  • Finovate-F-Logo.jpgFox Business News features Kabbage's small business lending process.
  • Huffington Post describes how DemystData's big data analytics help evaluate creditworthiness.
  • Cartera Commerce's CFO Karen Cambray named a finalist in Boston Business Journal's 2014 CFO of the Year Awards.
  • Bloomberg: BillGuard programmers code in bomb shelters.
  • Coinbase launches Coinbase Vault to Better Secure Your Bitcoins.
  • MoneyDesktop appoints Brandon Dewitt as its first ever CTO.
  • SecondMarket CEO Barry Silbert stepping down in order to refocus his attention solely on bitcoin.
  • InvestmentNews features roboadvisors Jemstep, FutureAdvisor, Wealthfront, and Personal Capital.
  • The Irish Times looks at Holvi's move into Ireland.
  • CMS Wire: Actiance wants to help companies curb social media mistakes.
  • Karen Webster of Market Platform Dynamics interviews Zooz CEO Oren Levy.
  • eToro announces new version of OpenBook for iOS.
  • Mobile Entertainment talks with Adam Levene, SVP of Strategy at Monitise Create.
  • LendingTree launches personalization platform.
  • Pymnts takes a look at the partnership between Malauzai Software and Trusteer. See Malauzai at FinovateFall in September.
  • Fortune.com interviews Bill Siegel, interim CEO of SecondMarket.
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 16, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBillGuard named one of Business Insider's "20 Hottest Startups from Israel in 2014."
  • Luxoft announces new offices in Detroit, Michigan.
  • Mobile Payments today interviews CashStar president and CEO, Ben Kaplan.
  • Investor Place looks at Blackhawk Networks' place in ecommerce.
  • SecondMarket to form a syndicate to bid on upcoming bitcoin auction by the U.S. Marshals service.
  • Kiboo launches getback.net to tackle employee expenses.
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 17, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate alums earn spots on Fast Company's Top 10 Most Innovative in Finance.
  • Qapital featured in Finextra and TechCrunch profiiles. See Qapital demo at FinovateSpring in San Jose, April 29 and 30.
  • Temenos appoints Martin Frick to head APAC.
  • News BTC reports: SecondMarket Welcomes Investors Seeking to Trade 25 BTC Or Greater.
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.jpgMore than 25 banks have signed up for Matchi since its launch in November last year. 
  • American Banker looks at how Credit Karma and Credit Sesame provide more than just a credit score.
  • Thomson Reuters launches Know-Your-Customer service.
  • SecondMarket seeks to open Bitcoin fund to ordinary investors.
  • Pymnts features Feedzai's CEO Nuno Sebastiao.
  • Striata unveils new logo, new website.
  • Fenergo appoints Oliver White to UK Head of Sales.
  • mBank and Orange partner to launch full-service, retail mobile bank in second half of 2014.
  • Narrative Science launches free app to turn data into readable documents.
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 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOn Budget wins 2014 Paybefore Award as "One to Watch."
  • United Bank Limited picks VoiceTrust for voice biometrics.
  • InComm partners with Asia-based Money Online to launch POS-activated gift card mall solutions in Southeast Asia.
  • Rezzcard to integrate with InComm's Cashtie to enable Rezzcard cardholders to pay their rent in cash at over 70,000 retail locations.
  • American Banker reports: Western Union to use NICE Customer Analytics. Come see its new tech at FinovateSpring.
  • Xero reaches 100,000 paying customers in Australia.
  • Check out an interview with BRIDGEi2i Director and Co-Founder, Ashish Sharma.
  • Live Gamer customers to get access to MasterCard's MasterPass digital payment service.
  • authenticID enhances ID proofing technology to help combat cloned credit card fraud.
  • Green Dot wins top honors in four categories at 2014 Paybefore awards.
  • Global Banking & Finance Review takes a look at Kalixa Group's American expansion.
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.
SecondMarketLogo3.jpg

There has been a flood of negativity shed on bitcoin thanks to the recent Mt. Gox drama. Despite that, SecondMarket, which originally launched as a trading platform for pre-IPO companies, plans to launch the first New York-based Bitcoin exchange.

SecondMarketBitcoinInvestmentTrust.jpg

This announcement comes after SecondMarket dipped its toes into bitcoin waters last fall with the launch of the Bitcoin Investment Trust (BIT), a private, open-ended trust that is invested exclusively in bitcoin.

To support the new, yet-to-be-named exchange, SecondMarket will contribute approximately $20 million in cash and bitcoin. SecondMarket CEO Barry Silbert will likely serve as CEO for the new exchange, which will be self-regulated.

According to Fortune contributor Dan Primack, who first covered this story picked up by CNN Money,

"The goal would be to reduce Bitcoin price volatility, by using spot pricing once or twice per day (like gold spot pricing) and serving as a clearing company in which member firms would clear all transactions by day's end. Members also would keep enough cash in Bitcoin to keep the exchange liquid."

The new exchange is pending approval by SecondMarket's board, which meets next week.

SecondMarket demonstrated at FinovateStartup 2009. Check out the demo video here.

  • Finovate-F-Logo.jpgLending Club named #5 on Forbes' Most Promising Companies List.
  • The Wall Street Journal mentions SecondMarket's private shares trading market.
  • Doxo receives 2013 Award for best Software and App from the Seattle Award Program.
  • VentureBeat lists Xero and Expensify as 2 of the best back-office software applications for small businesses.
  • Billhighway Prepaid MasterCard named winner in eighth annual Paybefore Awards.
  • Bank Systems & Technology features Allied Payment Network's Picture Pay mobile bill pay app.
  • FIS wins Frost & Sullivan Customer Value Enhancement award for FIS Mobile Wallet.
  • Credit Card Vault in the Cloud Spreedly Raises $500k.
  • Find Biometrics takes a brief look at 2013 and 2014 with EyeVerify's Director of Marketing, Denise Myers.
  • DeviceFidelity announces availability of its IsisReady NFC cases for iPhone.
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.jpgIn The Capital features Tuition.io's student loan gift payment feature.
  • First Internet Bank leverages Mortgagebot Enterprise Solution to Win 2013 Online Mortgage Originator Award.
  • Coinbase: SecondMarket's Bitcoin Investment Trust Amasses $61.1m in 3 Months.
  • TIO Networks to launch a full suite of electronic bill payment services for Gulf Power Company.
  • Realty Mogul CEO Jillene Helman talks about crowdfunding real estate on Bloomberg TV.
  • FIS wins Javelin's Best in Class Overall Mobile Banking Vendor award for 2013.
  • Kashoo, Mint named among "6 great iOS accounting apps for small business" by Business News Daily.
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.jpgMoneyDesktop to power Kasasa 360 Financial Management Platform.
  • SF Gate reports: SecondMarket allows IRA investment in Bitcoin.
  • Crowdfund Investor features SocietyOne's P2P Lending platform.
  • Digital Journal promotes Personal Capital and FutureAdvisor.
  • Biometric Signature ID profiled in Huffington Post column on identity proofing.
  • San Francisco Business Times' Bay Area BizTalk features Bright Funds.
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.jpgBackbase on Track to Expand into UK Market. 
  • Arroweye Solutions launches EMV On-Demand.
  • ICBA Mortgage extends its agreement with D+H Mortgagebot.
  • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
  • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
  • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
  • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
  • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
  • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
  • OnDeck ranked #20 in SellingPower Magazine's 50 Best Companies to Sell For List.
  • Ven partners ValidSoft to secure virtual currency transactions.
  • SecondMarket CEO explains latest Bitcoin move.
  • Tyfone powers P2P m-payments in BVCU m-banking platform.
  • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
  • Inaugural issue of FIS's digital magazine FIS InMotion now available.
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.
AOGlobal2503.jpg

This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 
    • Category: B2B Applications - Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital
  • Finovate Alumni News-- July 10, 2013

    • FinovateLOGO.jpgAuthentify launches security app for mobile devices, replacing passwords with digital images and spoken pass phrases.
    • Google Wallet's "Buy with Google" promotion provides discounts via Android apps ranging from Airbnb to Uber.
    • IBS Intelligence ranks SAGE SA's Prospero 2nd in 2013 Sales League Table.
    • Manilla's activated user base surpasses half million mark.
    • CashStar announces new clients for its digital gifting program.
    • Moven's beta program expands to add additional testers as company anticipates mobile signup by year's end.
    • Bank Innovation reviews GoBank's progress toward customer engagement and mobile centricity.
    • American Banker reports: Mitek Receives Patent for Mobile Card Balance Transfers.
    • SecondMarket launches General Solicitation solution in response to the SEC lifting of the ban on general solicitation by the JOBS Act.
    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.
    • Navallo.net 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.
    • Pymnts.com 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.jpgInvestors Business Daily interviews Barry Silbert, SecondMarket CEO, who says the stock market is broken.
    • Xero opening new LA office for Southern California team.
    • Bank Innovation reports: Fiserv Tops 1 Million Mobile Deposit Capture Users, 7 Million Mobile Users.
    • Radio New Zealand reports: Xero to launch fully into U.S. market in July.
    • Candace Klein, SoMoLend CEO, discusses the hardship that the SEC's delay of the JOBS Act has caused.
    • Yodlee receives 2013 Honorable Mention in Industry Partner category for the Barlow Research Associates' Monarch Innovation Awards.
    • Virtual Piggy integrates with Oracle ATG Web Commerce, expands reach of network to more than 390,000 brands.
    • Mitek's Mobile Deposit solution receives top award for Overall Most Innovative from Barlow Research Associates.
    • Management Today interviews Zopa CEO, Giles Andrews.
    • TechCrunch looks at Realty Mogul and its recent win at the Founder Showcase pitch competition. See them in action at FinovateSpring in May.
    • GreenDot and UniRush launch reloadable prepaid Visa card. Join GreenDot for FinovateSpring in San Francisco.
    • Allied Payment Network bill payment technology integrates with CSPI's Aurora online banking platform.
    • Zooz announces partnership with ChronoPay. Join Zooz in San Francisco for FinovateSpring in May.
    • Identity Theft 911 CEO to lead discussion on social media and insurer risk at upcoming NAMIC seminar.
    • Roadtrip Nation interviews Dan Reed of Bazaarvoice.
    • Money Street Smart reviews TradeKing.
    • Hard Assets Alliance features an interview with Gold Bullion International CEO Steven Feldman.
    • Newfination interviews Taavet Hinrikus of TransferWise.
    • Engine talks about rewarding risk-takers with GoodApril founder Benny Joseph.
    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 4, 2013

    Thumbnail image for Finovate-F-Logo.jpg
    • Online Broker Review takes a look at the TradeKing iPhone app.
    • Ayondo's investing and trading app TradeHub available on the iPhone.
    • Entrepreneur interviews Candance Klein, CEO of SoMoLend.
    • Brr Media interviews Kiboo founder and CEO Lisa Halpern.
    • TechCrunch chats with Simple CEO and co-founder Josh Reich to find out why Simple is better than your bank.
    • Lend Academy reports: Lending Club Issues $120 Million in New Loans in February.
    • American Banker reports: Bank of Zachary Selects Andera's Account Opening System.
    • Check Point positioned as leader for 16th consecutive year in 2013 Gartner Magic Quadrant for Enterprise Network Firewall.
    • The WSJ reports: SecondMarket to Launch Student-Loan Securities Platform.
    • Blippy for iPad available at the iTunes App store.
    • Comarch announced as a sponsor of Loyalty Expo 2013 in Orlando, Florida.
    • Prepaid Resources announces partnership with IDology.
    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 19, 2013

    • Thumbnail image for Finovate-F-Logo.jpgRescuecom highlights TransferWise as low cost, currency conversion option.
    • Acculynk's Payzur brings person-to-person payments to consumers on PULSE debit/ATM network.
    • Compass Plus helps Russian-based FI SwitchMaster reach processing benchmark.
    • ekmPowershop announces partnership with EZBOB.
    • American Banker reports: Planwise to Participate in Yodlee's Incubator Program.
    • BillHighway hires new CFO.
    • Arroweye Solutions reports 40% growth due to 175% uptick in open loop card production, added 27 new clients in 2012.
    • Bill.com to provide Frantopia with accounting services.
    • Prosper unveils new protection for lenders.
    • The Next Web reports: Tradeshift adds support for accounting services Sage and Kashflow, helping businesses get paid.
    • Forbes considers how SoMoLend provides capital to small businesses.
    • VentureBeat reports SecondMarket is partnering with CircleUp to allow investors to invest in up-and-coming consumer product businesses.
    • Thomaston Savings Bank selects Q2ebanking's full suite of ebanking solutions.
    • HiddenLevers launches portfolio stress testing app to help advisors generate leads.
    • Fiserv awarded Best-in-Class rating in 2012 Anti-Money Laundering Technology Review.
    • Gifting app Wrapp selects Braintree to power payments.
    • Pageonce adds person-to-person payment functionality to mobile 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.
    • 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 SecondMarketLogo3.jpg

    SecondMarket, a secondary trading market for pre-IPO companies, announced today that it has partnered with CircleUp, an equity-based crowdfunding platform.

    PandoDaily reported today that New York-based SecondMarket will cross-list companies raising funding on the CircleUp platform. This gives SecondMarket users the ability to invest in the equity of early-stage companies. So far, five companies have completed funding rounds on the CircleUp platform.

    CircleUpPage.jpg

    This news comes three weeks after SecondMarket's announcement of a similar partnership with AngelList.

    SecondMarket demonstrated at FinovateStartup 2009.

    Finovate Alumni News-- January 9, 2013

    • Gartner highlights Comarch Commission & Incentive in recent report.
    • FIS announces expanded relationship with Modern Woodmen Bank.
    • TomTom uses Keynote DeviceAnywhere for real-time performance monitoring in Paris.
    • The New York Times features Simple's approach to customer service.
    • Check Point Software Technologies introduces new ZoneAlarm 2013 security product line, integrates Facebook Privacy Scan.
    • MyBankTracker looks at Movenbank's new site layout. Come see Movenbank's live demo at FinovateEurope Feb 12 and 13.
    • Daily Tekk interviews Brendon McQueen, CEO of Tuition.io.
    • eToro launches new version of its WebTrader platform.
    • Dwolla introduces new look, allows users to apply for higher transaction limits.
    • Cardlytics opens office in San Fran, appoints new SVP of Marketing. Come see Cardlytics demo at FinovateEurope next month.
    • CNBC interviews Barry Silbert, SecondMarket CEO, to understand why entreprenuers avoid IPOs.
    • Bank Systems & Technology considers how NICE's newest solution uses voice recognition to prevent fraud. Come see NICE demo its new tech live at FinovateEurope in London February 12 and 13.
    • Biometric Update highlights a year of new customers and pilot projects from VoiceTrust.
    • TechCrunch features a video interview with Betterment CEO and founder, Jon Stein.
    • Experian announces deal to provide address and mortality screening services to Guardian 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.jpgDwolla launches the ability to send money over Twitter.
    • Planwise launches free online tool that's like Google Maps for your money to visualize your future spending.
    • Intuit-owned Mint to collaborate with Monitise to enhance banks' mobile apps with Mint functionality.
    • InComm buys majority stake in Adility. Financial terms have yet to be announced.
    • Equity Administration Solutions collaborates with SecondMarket so clients can more easily manage shareholder information.
    • PaySimple named Red Herring Global Top 100 winner.
    • Wonga launches PayLater, a service that offers users financing deals on online purchases with certain retailers.
    • BellaDati opens first international office in Seoul.
    • Experian announces IntelliView, a web-based query, analysis and reporting tool that gives 24-7 access to quarterly consumer credit data.
    • Diversinet's mobiSecure SDK to power ultra-secure messaging in AirStrip Technology's mHealth application.
    • Acculynk's Payzur heads west as Washington credit union offers P2P service to members.
    • Long-term payments agreement announced between TSYS and Merrick Bank.
    • Bible Money Matters takes a closer look at the merger between Zecco and TradeKing.
    • BillFloat to provide handset financing options for MetroPCS customers.
    • Virtual Piggy signs agreement with CardinalCommerce to integrate its youth payment tech into their Centinel Universal Merchant Platform through Cardinal.
    • TechCrunch reports Concur to use Nor1's eStandby Upgrade tech to make hotel offers available to their business travel customers via TripIt.
    • Simple shows off Android app teaser on Twitter and Facebook. The app to launch early next 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.
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechCrunch reports Concur launches $150 mil "Perfect Trip Fund" to invest in travel startups; invests $2 mil in Evature's Virtual Travel Agent.
    • Investment News examines how Boulevard R is involving advisors in 401(k) discussions.
    • Techgoondu lists 3 fintech startups from FinovateAsia to watch.
    • The Digital Insurer reports Finovate Singapore - A very impressive conference for financial services technology.
    • GigaOm reports: More startups let employees sell shares on SecondMarket amid IPO uncertainty.
    • Tech in Asia says TradeHero is probably one of the best startup ideas in Singapore.
    • Forbes considers the perspective of Ben Milne, Dwolla CEO on the future of money. 
    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.
    • Billcom adds open APIs to banking platform.
    • Blackhawk Network Announces New Financial Service Products in Canada.
    • Startup Central looks at Heckyl, Clari5 and BankBazaar at FinovateAsia.
    • VentureBeat considers SecondMarket's partnership with Angellist.
    • M.O. interviews Constancio Larguia, CEO & founder of Weemba.
    • SiliconBeat looks at Personal Capital's 401(k) product.
    • Kabbage Becomes Exclusive Funding Provider for Bonanza Sellers.
    • American Banker reports: Bill.com Ties Cash-Flow Tools to Banks' Small Business Software.
    • Finextra reports UBank gathers transaction data for spending comparison site.
    • ShopKeep POS announces entry into the quick serve market with full kitchen printing capabilities.
    • Mashable lists SimpleTuition, ReadyForZero, and Tuition.io as tools to help minimize student loan debt.
    • Capital Access Network moves Headquarters to NYC.
    • Crowdfund Insider reports SoMoLend Announces New York Expansion.
    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.jpgBrightScope adds Dr. Stephen Coggeshall, CTO of ID Analytics, to Advisory Board.
    • ChannelAdvisor partners with Kabbage to enable retailers to secure funding for e-commerce growth.
    • Fiserv adds features to wealth management platform.
    • The Paypers interivews Andreas Baumhof of ThreatMetrix.
    • The New York Post features SecondMarket.
    • Compliance Week explains how Bolstr enables small business capital ahead of JOBS Act.
    • Digital Money Blog features podcast of Michael Laven of The Currency Cloud.
    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.jpgArctic Startup reports: Holvi's Banking Service Used To Provide Open Budgets For Political Campaigners.
    • VentureBeat features BankersLab's new CollectionLab simulation game.
    • Team Capital Bank partners with SecondMarket.
    • InComm acquires On-Line Strategies, a software & services company.
    • AT&T signs a multi-year, sole provider agreement for Fiserv's CheckFreePay walk-in bill payment service.
    • Australian IT reports MyCyberTwin plans to expand into mass uptake market after setting out to prove itself in the enterprise sector.
    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 SecondMarketLogo3.jpg

    Yesterday alternative investment marketplace, SecondMarket released a snapshot of the private companies that use its platform.

    The survey, which is meant to paint a picture of the typical private company using SecondMarket, is based on a six-month assessment over the course of the first half of 2012.

    Here are some highlights:

      • Companies use the SecondMarket platform for three main reasons:
          1. Replace early shareholders with new, strategic investors who are supportive of the company's long-term vision
          2. Attract and retain key employees
          3. Satisfy liquidity demands of their shareholders
      • $329 million average market cap
      • $108 million average funding received
      • Average company age is 7 years
      • Preferred stock accounts for almost 60% of shares sold
      • Almost 50% of companies using SecondMarket are in the gaming industry, while 10% represent the financial industry
      • Hedge Funds represent almost half of all buyers, while Family Offices account for a little over 20%
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMortgage Technology examines how Gerrard Schmid plans to combine Mortgagebot's POS & Avista's LOS tech.
    • Zopa reports biggest month yet with nearly £8 mil leant between members in July.
    • Cortal Consors wins Mobile Banking award from German-based "Leseraward Börse Online und n-tv".
    • Aptys Solutions announces Midwest Independent Bank as new bank customer.
    • Australia's Financial Review profiles CurrencyFair.
    • SecondMarket releases snapshot of users.
    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.jpgSocial Lending Network considers the futures of Lending Club & Prosper.
    • Continuity Control receives remaining $1 million of its $2 million series B funding round.
    • Credit Sesame announces the launch of its new Android App. Come see the live demo of their newest at FinovateFall.
    • SecureKey appoints Charles Walton as new CEO.
    • Business Insider names Tuition.io as a creative idea to help manage student loans. Come see their live demo at FinovateFall.
    • SecondMarket names former U.S. Congressman Scott Murphy to 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.
    • PayPal acquires mobile credit card scanning startup, Card.io.
    • Bazaarvoice to raise $131 million for working capital by selling 8.5 million shares of stock.
    • WSJ blog looks at BillGuard's experience at the NY FinTech Innovation Lab.
    • JD Supra reports SecondMarket provides new liquidity options for startup investors & employees.
    • Business Insider reports Tuition.io aims to help students better manage college loan debt.
    • The Greenfield Daily Reporter conducts case study on The Receivables Exchange.
    • Wired UK features Nutmeg as startup of the week.
    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 Simple (@Simplify) is using open source technology.
    • Bloomberg Businessweek features SigFig CEO, Mike Sha, discussing SigFig's business model.
    • Social Lending Network reports Lending Club breaks $50 million in loans, Prosper issues a record $13.6 million in new P2P loans In June.
    • Southwest Airlines' Spirit magazine features FutureAdvisor.
    • ABA Subsidiary and Mortgagebot agree to extend Alliance Agreement.
    • American Banker explains how SecondMarket is helping a privately-held bank in Texas find buyers for its stock.
    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.
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCNBC 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.
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCredit Karma is moving its headquarters to San Francisco's financial district.
    • Linkable Networks is listed as 1 of 5 startups you should follow.
    • Tablet PC review lists Wikinvest Portfolio as one of the best iPad apps for tracking Wall Street stocks.
    • AOL Daily Finance names HelloWallet as 1 of 5 money-smart apps for business travelers.
    • UNC's Kenan-Flagler Business School turns to Ping Identity to solve identity management complexity.
    • Daily Herald looks at Credit Sesame.
    • Kony Solutions appoints Harold Goldberg as CMO.
    • The Bellingham Herald recommends using Expensify to organize your expenses for tax time. Come see the live demo at FinovateSpring next month in San Francisco.
    • Scotsman covers UK P2P company, Zopa.
    • CNN Money lists SecondMarket as 1 of 8 crowdfunding sites to watch.
    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
    • Mobile payments today reports MoneyGram and Fiserv hook up on mobile P2P payments.
    • Kony Solutions announces support for iOS 5.1.
    • The Republic identifies Mint and Expensify as two apps to help streamline finances.
    • Boot Camp interviews ReadyForZero on its platform.
    • SecondMarket launches 'The Facebook Fund' to buy shares before IPO.
    • CU Times looks at Superior FCU's success from using Mortgagebot.
    • Forbes lists Alexa Von Tobel, CEO of LearnVest as a female founder to watch at SXSW 2012.
    • Xero moves to new headquarters.
    • All Things D looks at how Personal Capital fits into the trend of online wealth management.
    • Ping Identity launches PingOne for single sign on access to cloud-based applications.
    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 Independent recommends using Zopa to boost your pension.
    • Creditnet examines how BillGuard can fight unwanted credit card charges.
    • TechCocktail interviews Ben Milne, Dwolla CEO, at SXSW 2012.
    • All Things D looks at SecondMarket CEO's answer to why it wasn't part of the SEC's secondary market ruling.
    • Forbes looks at MasterCard's partnership with BOKU.
    • Channel Partners turns to Expensify to lower expense-reporting costs.
    • SecureKey Technologies and INSIDE Secure bring POS convenience to online merchants.
    • Plastyc launches more robust mobile app to empower users who own a smartphone.
    This post will be updated throughout the day as news and developments emerge. You
    can also follow all the alumni news headlines on the Finovate Twitter account.

    Watch Demos

    Click above for video archives of all demos.

     

    Twitter


    See all Finovate tweets