Blog
 |
|
|
|
Recently in
SecondMarket
Category
 Investors 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.
 - 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.
- Rescuecom 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.
 The 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.
 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.  This news comes three weeks after SecondMarket's announcement of a similar partnership with AngelList. SecondMarket demonstrated at FinovateStartup 2009.
- 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.
- Dwolla 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.
- TechCrunch 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.
- BrightScope 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.
- Arctic 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.
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:
- Replace early shareholders with new, strategic investors who are supportive of the company's long-term vision
- Attract and retain key employees
- 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%
- Mortgage 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.
- Social 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.
- American 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.
- Kashoo 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.
- CNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.
- TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.
- Meniga's PFM solution powers Sweden's first Smartbank, launched by Skandia.
- SecureKey adds 40 staff in past six months, reaches business and recognition milestones.
- Lendio sees nearly 500% increase in matching businesses with small business loans.
- Check Point launches free ZoneAlarm anti-virus/firewall combo.
- Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.
- Fiserv to offer global ACH payments through partnership with Earthport.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
- Credit 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.
- 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
- The 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
- American Banker reports LifeLock buys ID Analytics to boost its appeal to banks.
- Practical Ecommerce profiles Kabbage, highlights future endeavors.
- CNN Money discusses how SecondMarket escaped clashes with the new SEC ruling.
- Convenient Cards, Rapid Financial, & Plastyc partner with Arroweye Solutions to get prepaid cards to market faster.
- Silver Tail Systems introduces profile analyzer to protect websites from cyber attacks & fraud.
- Check Point wins 2012 SC Magazine Readers Choice Award for best intrusion prevention solution.
- Syphr and CarLoans.com launch ad platform pilot for CUs.
- American Banker reports Bancorp Bank announces NetSpend, InComm prepaid card deals.
- PayPal introduces PayPal Here to compete with Square.
- Finextra discusses ebilling adoption rates, reviews Striata's strategy.
- H&R Block Canada and Yodlee partner to deliver tax applications to financial institutions.
- Clairmail and VocaLink partner to combine real-time payments with mobile solutions.
This post will be updated throughout the day as news and developments emerge. You
- MIT Technology Review covers Dwolla.
- BlackRock teams with DCisions to improve contribution portfolio benchmarking & customer insight capabilities.
- Dwolla, FamZoo, LendingClub, SecondMarket, & Segmint listed in the Coolest Startups in America book.
- ProfitStars introduces BusinessManager for healthcare providers.
- Authentify launches 2CHK out of band authentication technology.
This post will be updated throughout the day as news and developments emerge. You
- DoughMain looks at how kids interact with their money.
- Credit Union Times shares how Dwolla and PayPal are contributing to the P2P payments.
- SteelSeries now allows shoppers to use PayNearMe for purchases, offers free shipping for trying it out.
- Goldman Sachs Investment Arm & Buyout Group to acquire TransUnion.
- CNBC features SecondMarket CEO Barry Silbert, who describes the up and coming community bank market.
- CNNMoney describes how Kasasa helps credit unions.
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.
- Prosper celebrates its 6th birthday by offering to pay your second loan payment today (Friday, Feb. 17) only.
- HelloWallet appoints Aaron Benway as new CFO.
- American Banker reports PayPal is partnering with banks to attract new customers.
- American Banker reports Intuit adds iPad banking app.
- CNN Money looks at how SecondMarket will survive now that Facebook has gone public.
- StockTwits launches feature to help users discuss stocks.
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.
Fast Company recently published a list of most innovative companies that contained multiple Finovate alumni. Here's the breakdown: Overall top 50 most innovative companies:  Google
Rank: 3
FinovateFall 2011 demo  PayPal
Rank: 43
FinovateSpring 2011 demo Top 10* in finance category: PayPal
Rank: 4
FinovateSpring 2011 demo SecondMarket
Rank: 6
FinovateStarup09 demo  Dwolla
Rank: 8
FinovateSpring 2011 demo  Simple (formerly BankSimple)
Rank: 9
FinovateFall 2011 demo StockTwits
Rank: 10
FinovateEurope 2011 demo ______________________________________________________ *Also included in the finance category are: 2. Starbucks 3. Kickstarter 5. Y Combinator
- Crowdsourcing.org features Rebirth Financial.
- FS Tech examines a few companies presenting at FinovateEurope next week in London.
- SecondMarket prepares for Facebook IPO by setting its sights on China.
- Monitise recognized as the winner of the 'Deal of the Year' The Grant Thornton Quoted Company Awards 2012.
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.
 2011 was a big year for IPOs and that has been reflected in the growth of secondary marketplace, SecondMarket. Yesterday, Forbes published statistics on the startup's performance over its three years of operation: - In 2011, private company transactions totaled $558 million
- From 2011 to 2010, private company transactions increased 55%
- Since it began in 2008, the startup has exceeded $1 billion in deals
- In 2011, over 61% of transactions were in the social media and consumer web space
2011 Sellers: - 79% were ex-employees
- 11% were employees
- 4% were investors
- Less than 1% were founders
2011 Buyers (by dollar value): - 73% were institutions
- 27% were individuals
The top 10 most watched companies on SecondMarket (as of 4Q 2011): - Facebook
- Twitter
- Foursquare
- Dropbox
- Yelp
- Gilt Groupe
- Hulu
- Square
- Living Social
- Spotify
To learn more about SecondMarket, watch its FinovateStartup09 demo.
- Business Insider looks at how BillGuard and Simple use Big Data.
- Dough Roller recommends using HelloWallet to keep track of your cash.
- P2P-Banking looks at Zopa's online marketing spending.
- NACS Online explores the Dynamics smarter credit card.
- American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
- PayPal's payments technology to reach all Home Depot locations by March.
- SecondMarket exceeds $1 billion in deals.
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.
- Ready Receipts officially launches paperless receipt technology.
- nFinanSe seeks to halt new debit card network by InComm, alleges price-fixing conspiracy.
- VentureBeat discusses the IPO market with SecondMarket CEO Barry Silbert.
- On Deck partners with the National Association for Small Business.
- SignatureLink to integrate ThreatMetrix's Cybercrime Defender Platform with its technology
- Intuit hires former Apple executive to lead Canada division.
- Fox Business News interviews LearnVest founder and CEO, Alexa von Tobel.
- The Next Web compares and contrasts PayPal and Dwolla with other payment methods.
- Plastyc's UPside cardholders can now load cash onto cards at 7-Eleven stores.
- Oregon-based Credit Union launches BancVue's Kasasa.
- BrightScope partners with social media expert Arkovi.
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.
- Maine Public Broadcasting Network profiles CashStar.
- Bank Technology News describes how Bill.com uses capital infusion to build a cash flow dashboard for businesses.
- SecondMarket's homepage gets a makeover.
- The CBS Early Show features Weemba, Lighter Capital, and Rebirth Financial.
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.
To wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year.
The results were impressive:
- A total of 34 companies received funding, some more than once
- The companies collectively raised over $423 million dollars
- The months with the highest number of companies receiving funding were June August, both with 8 companies
- The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January -- $40.8 million raised by 3 companies February -- $10.3+ million raised by 3 companies
March -- $20.4 million raised by 4 companies
June -- $124.4 million raised by 8 companies
July -- $1.1 million raised by 1 company
August -- $103.4 million raised by 8 companies
September -- $33 million raised by 1 company October-- $22 million raised by 2 companies November -- $16.3+ million raised by 3 companies December -- $52.2 million raised by 5 companies Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
- Visa certifies authentication system from Transecq's sister company, ENTERSECT.
- New Scientist recommends borrowing from the crowd by using P2P sites Zopa, Prosper, & Lending Club.
- Freewaregenius recommends using ReadyForZero to pay off and manage debt.
- Yahoo! Finance reports SecondMarket's Barry Silbert contributed investments to SponsorHub's $750,000 round.
- PayNearMe enables BHPH auto dealers to expand collection of cash payments.
- Kabbage secures $12 million in financing.
- ThreatMetrix wins Red Herring Global 100.
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.
- Fox 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 Mint.com.
- 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.
- 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.
- Apparel Retailer Aeropostale selects CashStar to provide e-gift cards.
- CU Insight reports that Geezeo partners with IBT, a financial services innovator.
- Dynamics' Chip And Choice Technology wins 2011 CARTES Best in Show Award.
- NY Daily News recommends LearnVest and DoughMain as resources for financial education.
- Lendio inspires future entrepreneurs with $2,500 scholarship.
- Arroweye approved to digitally produce Discover Cards.
- ABA Banking Journal describes mobile banking, citing Celent's report, "Innovations in Mobile at Finovate."
- Affinion Group to distribute Finsphere's Mobile Transaction Monitoring service.
- Betterment CEO Jon Stein interviews with top investment bloggers.
- Centuryware discusses SecondMarket's success.
- Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
|
|
|
 |
Watch Demos
Click above for video archives of all demos.
Twitter
See all Finovate tweets |
Watch Demos
Subscribe RSS
Subscribe Email
Follow Us
Contact Us
Topics
