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  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Insight reports cbanc Network Reaches 10,000 Users Milestone.
  • Bill.com Wins Barlow Research Client Conference Innovation Showcase Award.
  • Clairmail Wins San Francisco Business Times Tech and Innovation Award.
  • AcceptEmail and TrustWeaver announce partnership.
  • PYMNTS News reports Acculynk announces Alaska option issuers enabled with PaySecure internet PIN debit.
  • Aptys Solutions Offers Financial Institutions Affordable Archiving Alternative.
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:

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Google
Rank: 3
FinovateFall 2011 demo

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PayPal
Rank: 43
FinovateSpring 2011 demo

Top 10* in finance category:

PayPal
Rank: 4
FinovateSpring 2011 demo

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SecondMarket
Rank: 6
FinovateStarup09 demo

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Dwolla
Rank: 8
FinovateSpring 2011 demo

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Simple (formerly BankSimple)
Rank: 9
FinovateFall 2011 demo

StockTwits
Rank: 10StockTwitsLogo4.jpg
FinovateEurope 2011 demo

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*Also included in the finance category are:
2. Starbucks
3. Kickstarter
5. Y Combinator
7. American Express

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKony selected as mobile application platform for Intermountain Healthcare and SelectHealth.
  • PC Mag selects MyCyberTwin as 1 of 25 best small business apps for 2012.
  • Simple CEO, Josh Reich, talks to Business Insider about all the ways Simple has improved on traditional banks.
  • Brian Garrett, a 40-year banking veteran joins BillFloat as senior advisor.
  • Cardlytics chosen to power BankAmeriDeals from Bank of America.
  • Kapitall enables users to trade stocks through its platform.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness 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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAGBeat highlights doxo's free cloud storage and bill pay.
  • Blogger Crystal Beasley analyzes the password selection process in Simple's interface.
  • The Arizona Republic recommends using CreditKarma to compare credit cards.
  • PandoDaily reports, "Wealthfront: The Antidote to the Wealth Management Zombies"
  • FiPath For Advisors (formerly eRollover) partners with social media monitor, 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.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:

January -- $40.8 million raised by 3 companies

February -- $10.3+ million raised by 3 companies

March -- $20.4 million raised by 4 companies

June -- $124.4 million raised by 8 companies

July -- $1.1 million raised by 1 company

August -- $103.4 million raised by 8 companies

September -- $33 million raised by 1 company

October-- $22 million raised by 2 companies

November -- $16.3+ million raised by 3 companies

December -- $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
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  • Fox News discusses how Prosper & Lending Club help small businesses.
  • BizReport examines card-linked offers from Linkable Networks (formerly CLOVR Media).
  • ReadWriteWeb's Richard MacManus lists Xero as #8 in his 2011 list of top 10 web products.
  • Inc Magazine lists Expensify as 1 of 8 startups to watch in 2012.
  • Ping Identity makes the top 10 list of most exciting IT security vendors. Come see Ping Identity's live demo at FinovateEurope.
  • HelloWallet gives away 20,000 free subscriptions in 2011 to families in need.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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  • Steven Kietz, former Mobile Money Ventures CEO, joins EDO Interactive as GM & EVP of Strategic Partnerships.
  • CNNMoney discusses how Simple can provide a no hassle bank account.
  • Melrose Mutual Insurance Company, Grinnell Mutual, & ID Theft 911 partner to remind shoppers to safeguard identities.
  • Forbes names Dwolla's Ben Milne to '30 Under 30' list for finance.
  • BizReport interviews Xero to discover how the cloud is helping small businesses.
  • Fox Business News recommends visiting Credit Sesame and Credit Karma to check your credit score.
  • INOVA FCU depicts its success from using Mortgagebot's PowerSite.
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 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.
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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the "Dwolla-trajectory."
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club's Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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  • Richard Branson follows in the footsteps of Simple by avoiding the word 'bank' when naming his newly acquired FI.
  • Alkami wins VC backing for online banking technology.
  • Check Point Software Technologies acquires risk management company.
  • HelloWallet's iPhone app helps make budgeting advice more relevant.
  • Equifax partners with data quality and management company Ixsight.
  • Xero makes receiving overpayments and prepayments easier.
  • Credit Union Times reports Geezeo adds four credit union clients for its PFM.
  • Venture Studio interviews Alexa Von Tobel, LearnVest CEO, about how she started her business.
  • The Social Lending Network looks at Prosper's top P2P lenders.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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  • FeeFighters shares its web traffic spikes from being in TechCrunch articles.
  • Monitise launches mobile checkout service.
  • Fox Business News mentions how Tyfone is helping to retrofit cellphones with NFC capability.
  • Reuters reports how Lending Club uses consumer sentiment towards banks as an opportunity.
  • Striata selected by Securitas, a growing security company in South Africa, to provide eBilling & ePayment to customers.
  • ThreatMetrix deploys multi-layered data encryption architecture in new release of Cloud-Based Fraud Prevention Platform.
  • Iowa-based UNI CU and W.Va-based WV United FCU sign on for Dwolla's FiSync.
  • MyBankTracker compares Offermatic to Groupon and Womply.
  • Linkable Networks (formerly Clovr Media) partners with 24/7 Real Media to tap into card linked offers.
  • Wade Arnold, T8 Webware CEO, is selected for The Courier's Class of 2011 20 Under 40 award.
  • Bill.com's paperless bill management wins silver award.
  • DoughMain launches financial education game Sand Dollar City.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
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  • Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.
  • Fox Business News reports GoalMine seeks to level the investing field.
  • PayPal updates its Android app with support for NFC payments.
  • eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.
  • Lendio makes its business loan matching service free.
  • Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.
  • Xero updates its app: increases speed and improves UI.
  • Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.
  • Billeo launches ShopSmart to bring consumers relevant discounts.
  • Zecco hosts $500 sweepstakes.
  • miiCard gives first 10,000 users free accounts for life.
  • Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.
  • Expensify creates four pricing plans.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
SimpleLogo.jpgThis morning, BankSimple made two big announcements

1) It opened its service to a select group of non-employee customers for the first time:

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"We want to understand what works for them and what can be improved. We also want to learn how our customers prefer to reach us so that we can intelligently grow our customer relations team. Using this feedback, we'll rework and revise; the experience we're launching today will continuously evolve."

2) It changed its name to Simple 
(Simple.com). This is a logical move because the word "bank" was a misnomer. In fact, Simple is not a bank, but a consumer-facing product that partners with chartered banks that hold your money in FDIC-insured products:

"Simple is a better representation of what we aspire to. It releases us from the constraints of an industry in desperate need of innovation."

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To learn more about Simple, watch its FinovateFall 2011 demo.

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