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Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.

2013 funding summary:
    • 62 companies raised $825 million
    • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
    • October was the busiest month, with $177 million raised (mostly Xero's $150 million)
    • May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.

2013YearEndTable.jpg
Quarter 1 -- blog post
More than $155 million raised by 14 companies

January -- $57 million raised by 6 companies
February -- $56 million raised by 5 companies
March -- $42 million raised by 4 companies

Quarter 2 -- blog post
More than $205 million raised by 15 companies

June -- $81.7 million raised by 6 companies
May -- $91.5 million raised by 7 companies
April -- $32 million raised by 2 companies

Quarter 3 -- blog post
More than $171 million raised by 22 companies

July -- More than $63 million raised by 8 companies
August -- More than $26 million raised by 6 companies
September -- $82 million raised by 9 companies

Quarter 4
More than $294 million raised by 17 companies

October-- $177 raised by 6 companies
November -- More than $87 million raised by 7 companies
December -- More than $30 million raised by 6 companies


Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

  • 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.
  • ReadyForZero is expanding its online consumer offering to include the VantageScore 3.0 credit score.
  • Pando Daily looks at Tuition.io's current usage numbers and funding status.
  • Finextra reports: Head of Capital One Bank small business lending joins Lending Club.
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 23, 2013

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  • ACI Worldwide acquires Official Payments.
  • MasterCard teams up with Basware to help companies migrate from paper-based payments.
  • KlickEx takes home Top Startup prize at Swift's Innotribe Challenge.
  • Crains NY Business looks at Float Money, Socure, and Capital Access Network.
  • Western Independent Bankers selects Q2 as preferred vendor for virtual banking solutions.
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.jpgYseop a finalist as a technology inventor in Tech Titan Awards.
  • Bank News Magazine features AuthenticID's pictureID identity authentication solution.
  • VentureBeat takes a look at Locaid's goal of expanding its geolocation technology to New Jersey and Delaware.
  • FinovateFall 2013 Sneak Peek: Part 1 is up. Get to know the fintech innovators who will be presenting in New York in September.
  • Ron Daly, president and CEO of DigitalMailer, provides insights on making mobile marketing compliance and consumer friendly.
  • ReadyForZero enables users to monitor their credit score as they tackle debt.
  • Free Webinar Wednesdays interviews VerifyValid CEO Paul Doyle. See them demo at FinovateFall 2013 in September.
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.
TuitionioLogo.jpg

We talked with Brendon McQueen, CEO of student loan management platform Tuition.io, this month for an insider's view of the startup.

Tuition.io, which demoed at FinovateFall 2012, has recently been covered in such blogs and publications as Lifehacker, Dow Jones' All Things D, and The LA Times and just unveiled its new user interface today (see below).

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Finovate: At the beginning of this quarter, Tuition.io launched its student loan management platform out of private beta. What has been the response so far from the public?

McQueen: Tuition.io provides our users with a unique service that directly addresses one of the most cumbersome and frustrating tasks they'll encounter (organizing and optimizing their student loans), which is why we get a constant flow of positive emails from our users -- many of which center around just thanking us for creating a tool that curbs said frustration.

Outside of our users, the press has really latched onto Tuition.io because we're solving a big problem for student loan borrowers which is as timely a subject matter as you're likely to encounter.

Finovate: What has been the biggest surprise you've encountered since launching?

McQueen: Successful lawyers, doctors and MBAs using the product. No kidding. We've had a surge of people asking us how to optimize their debt via larger payments. We'll get emails asking what their situation looks like if they make $5,000 payments per month. It makes total sense, but our early feeling was that our tool would mostly serve those facing financial hardship. That said, while we purposely built a platform that serves both ends of the financial spectrum, we didn't think that higher earning individuals would represent such a large and vocal portion of the early adopters.

Finovate: Tuition.io raised $1 million in seed funding in February. What are your plans for putting it to use?

McQueen:The simple answer, hiring and customer acquisition. On a side note, as a first time entrepreneur, it has been interesting to see what $10k can do, and then as you grow, what $1mm can do. It's all relative and embracing that fact has been a learning curve. For example, early on you think you should be working out of your apartment, but that obviously doesn't scale. Then the question is, what kind of office do we get? At first, you'll think you should get the cheapest office you can find, but then you think about your team cranking hours in said cheap office and it begins to make less sense. Headline: get an office you and your team will enjoy as you will spend the vast majority of your time there.

Finovate: What new functionality / capabilities are you working on for Tuition.io?

McQueen: We just released Tuition.io v2.0 which places a greater emphasis on UI/UX and debt tracking over time. The new platform will also make it easier for us to build out more functionality, faster, and with more options for scaling the product.

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Finovate: How has the experience you gained from your Colombia University film degree helped you succeed in the startup world?

McQueen: I think film is one of the hardest hustles you can chase, period. It's all on you, there's little concrete structure on how to go about making films, and even less structure on how to make successful films (despite what is taught in class). It teaches you, or rather forces you, to think outside the box and take action. Such is the same with entrepreneurship and tech.

Finovate: Can you share any usage metrics?

McQueen: We just crossed the $500mm mark in terms of aggregate user debt on the platform with users averaging 10 loans per person. The sheer amount of debt is astonishing, but so is the conversion rate of users adding loans onto the platform. We now have .05% of the total $1 trillion in outstanding student debt in the U.S. and we just got started.

To check out Tuition.io in person, sign up for the platform or watch its FinovateFall 2012 live demo.

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This quarter, both January and Feburary funding exceeded $50 million. Most of February's funding can be attributed to On Deck Capital's $42 million round.

Over three months, 15 companies raised more than $155 million, This is very similar to last year's first quarter funding* when we saw a total of 11 companies raise more than $150 million.

Here's the Q1 summary for 2013:

January -- $57 million raised by 6 companies
February -- $56 million raised by 5 companies
March -- $42 million raised by 4 companies

___________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We're tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

  • Forbes looks at Open Bank Project's open API, interviews TESOBE founder and CEO, Simon Redfern.
  • ChicagoBusiness.com features Bolstr, calls it a new crowdfunding twist.
  • Major Italian bank invests more than $300k to expand its use of Kofax software to branches in EU, the Middle East and North Africa. Come see Kofax demo its new technology at FinovateSpring next month.
  • UK-based global application software and services company, Misys launches new suite of online, mobile banking products powered by IND Group.
  • Mobile Payment Power features Flint mobile payment app.
  • The Seattle Times takes a look at the launch of Realty Mogul. Join them in San Francisco for FinovateSpring.
  • TSYS renews long-term payment processing agreement with Columbia State Bank.
  • TradeKing analyst to speak at annual options industry conference.
  • Pando Daily reports on Quantopian's new feature, which allows traders to import external data. See them demo at FinovateSpring.
  • Gold Bullion International teams with Envestnet to facilitate precious metals trading for independent advisors.
  • BancVue acquires BancLeasing to allow Community FIs to strengthen commercial lending.
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.jpgExpensify makes Reconciliation and Central Administration features available for American Express corporate cardholders.
  • Micronotes providing series of marketing campaigns for USAlliance FCU to help cross-selling efforts.
  • Palo Alto Software announces launch of EntrepreWorld, a virtual environment to test business plans in a virtual world of avatars. Come see Palo Alto demo its latest technology at FinovateSpring.
  • Consumers CU chooses Andera's oFlows platform for online account opening and lending.
  • Lighter Capital appoints Molly Gregg Otter as Vice President.
  • Bloomberg looks at how Jemstep, SigFig, and FutureAdvisor help manage your portfolio online. See Jemstep's new tech at FinovateSpring.
  • Forbes takes a close up look at London's FinTech Innovation Lab, including participants BehavioSec, Kiboo, and Open Bank Project.
  • Huff Post blog considers Lighter Capital's Revenue Loans as alternative to VC funding.
  • GCN looks at Dwolla's use in government.
  • Huff Post blog considers automated report-writing software company, Narrative Science. See its new tech at FinovateSpring.
  • Y C Universe profiles Trust Egg. See them demo at FinovateSpring in May.
  • MicroStrategy signs technology alliance agreement with MapR.
  • Berry Review takes a look at Pageonce Money and Bills on Blackberry 10.
  • Times of India highlights Klarna's growth in Europe.
  • Incentive Mag previews the launch of CashStar's table gifting solution.
  • Eye Verify announces results from biometric standard, performance and assurance lab survey. Join them in San Francisco for FinovateSpring.
  • IntelliResponse selected by KMWorld as one of "100 Companies that Matter in Knowledge Management" for 2013. Come see them in action at FinovateSpring in May.
  • New York City Mayor Michael Bloomberg officially 'opened the doors' to On Deck Capital's new NYC HQ.
  • Global Payments and edo Interactive launch pilot for card-linked offers network.
  • Boston Business Journal interviews Leaf CEO Aron Schwarzkopf. See Leaf's demo at FinovateSpring 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.
  • Forbes places Dwolla CEO, Ben Milne, on the 2013 Disruptors list.
  • Lifehacker reviews Credit Karma for Android.
  • TIBCO Software partners with Aditi Tech to bolster enterprise social, e-commerce solutions.
  • Outright's 300,000 users surpass 2 billion transactions.
  • Bank Innovation reports: Capital Access Network's Online Lending Platform, CapTap, Coming to Tablet Soon.
  • Waspit wins second place award in PYMNTS.com Innovation Project's Best in Show.
  • Monitise CMO Carl Tsukahara interviewed by David Murphy in Mobile Marketing.
  • SeedInvest is among the crowdfunding innovators featured in crowdfundattny blog.
  • Pymnts.com interviews Mark Miles of CSI globalVCard on the business of B2B payments.
  • E&S Consulting blog takes a look at the evolution of Green Dot's GoBank. Be sure to catch Green Dot at FinovateSpring in May.
  • Better ATM Services wins 2013 Paybefore Award for Visa prepaid gift card program.
  • PC Mag's SecurityWatch features EyeVerify and its solution to the problem with passwords.  EyeVerify will be demoing their authentication technology at the upcoming FinovateSpring event in San Francisco.
  • Programmable Web takes a look at recently published APIs including one from OneID. Join OneID this May in San Francisco for FinovateSpring.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News-- March 25, 2013

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  • Innovations in gamification help True Office win Computerworld Honors Program award.
  • Aiming for the enterprise: Mobile Payments Today features Corduro.
  • American Banker reports: Randolph-Brooks chooses Andera's online account opening platform.
  • The gamification revolution interviews Michelle Katics, CEO of BankersLab.
  • Kabbage takes home first place for Top B2B Innovation from PYMNTS.com.
  • Virtual Piggy taps into $10Bn Annual Market with epay Partnership.
  • eToro placed on the 2013 FinTech50 Watchlist, a shortlist of 50 companies in Europe that are redefining financial services through technology.
  • Macgasm features Tuition.io as 1 of 5 apps of the week.
  • Tradeshift features Intuit's Eric Dunn to talk about the recent partnership.
  • TechCrunch reports: Yodlee Interactive now powers financial data for 300 apps and businesses; on pace to surpass 500 in 2013.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
  • Finovate-F-Logo.jpgrplan has launched an online course providing education on the fundamentals of investing.
  • Tuition.io scores a 9 out of 10 in AppStorm's review.
  • Virtual Piggy receives Frost & Sullivan Excellence in Best Practices Award.
  • IDT & Fiserv partner to expand availability of International calling services and walk-in bill payments.
  • ABC News reviews student banking service Waspit.
  • PaySimple launches redesigned mobile app and credit card reader.
  • Ping Identity names Michael J. Sullivan CFO.
  • TradeKing wins seventh consecutive, four-star rating in Barron's Online Broker Survey.
  • Cloud Squads reflects on the Bazaarvoice Summit 2013.
  • TechCrunch reports PayPal acquires mobile app development Studio Duff Research to work on its mobile and digital wallet.
  • Aptys Solutions chosen by Texas-based Mainstay Group as payment exchange provider.
  • Manilla adds more than 54,000 small businesses to its network.
  • Identity Theft 911 talks with Reuters about identity protection during tax time.
  • TSYS scheduled to present at Barclays Emerging Payments forum in Boston.
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.
TuitionioLogo.jpg

Student loan management tool Tuition.io announced recently that it landed $1 million in seed funding from a large group of investors.

Some of the investors include:

    • Mohr Davidow Ventures
    • Jerry Neumann
    • Mesa
    • AF Square's Troy Carter
    • Richard Wolpert
    • Rob Glaser
    • Launchpad LA 

This is the Santa Monica-based company's first round of funding.

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Tuition.io launched 6 months ago, and disclosed the following stats:

    • Exceeded $250 million in aggregate debt under management 
    • Helps manage over 40,000 loans
    • Users represent over 130 universities

To learn more about Tuition.io, watch its FinovateFall 2012 demo.

  • 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.
  • Tuition.io 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.
  • iMore.com 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 Alumni News-- January 30, 2013

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide "Vendor to Watch" in 2013.
  • Acculynk's PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related 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.jpgAmerican Banker reports: ImpulseSave Launches Chrome Plugin to Encourage Savings.
  • SaveUp allows users to vote for potential prizes.
  • SmartyPig introduces the SmartyPig OneClick Chrome extension.
  • Get Rich Slowly blog features Tuition.io.
  • Forbes covers Virtual Piggy, calling it PayPal for Kids. Come see Virtual Piggy demo at FinovateEurope.
  • Springwise features Movenbank. Come to FinovateEurope and see Movenbank's live demo of its new platform.
  • American Banker reports: STAR Financial Bank Rolls Out PFM Software from MoneyDesktop.
  • Virgin Mobile, C Spire test BillFloat as financing option.
  • Mastercard moves to ease EMV migration within U.S.
  • Azimo announces £300,000 ($480,000 USD) angel investment round. Come see their demo at FinovateEurope in February!
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 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.

Finovate Alumni News-- January 3, 2013

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  • Internet Marketing For Small Business likes how Flint leverages the camera for mobile payments.
  • Lithium Knowledge Center shares tips on configuring Klarna.
  • Entrepreneur interviews Jason Richelson, founder of New York-based ShopKeep POS, a cloud-based system.
  • Clover raises $3.3 million from undisclosed investors.
  • Tuition.io exits private beta, aims to make student loan management easier.
  • The Boston Globe takes a look at Tom Leighton, the new CEO at Akamai.
  • Techie Insider looks at how PayPal mobile payments can benefit your church.
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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Student loan repayment platform, Tuition.io, launched to the public today.

During a four month private beta period, the 

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SantaMonica-based startup helped 1,500 users from more than 130 different universities manage a combined $100 million in debt from 10,000 student loans.

Along with the public beta, Tuition.io introduced EasyOptimize, a feature that suggests products to help users pay off their loans faster.

It also announced two partners to help build an audience for the platform:

    • Student Veterans of America
    • OurTime.org

According to PandoDaily, additional high-profile partnerships are in the works.

To learn more about Tuition.io, watch its FinovateFall 2012 demo.

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  • 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.jpgTradeshift announces strategic partnership with PrimeRevenue SCF.
  • Thomson Reuters launches mobile web app for investor relations.
  • CashStar and Comet launch UK's first comprehensive eGift card program.
  • PaySimple appoints former PayPal employee Andrew Lanthier as CTO.
  • Upstart Business Journal looks at the approach Kabbage and Lighter Capital take on small business financing.
  • Q2ebanking introduces Q2clarity, customizable analytics across mobile, online and security platform.
  • Barron's recommends using findabetterbank.com to cut bank fees.
  • City AM reports Monitise user numbers quadrupled in the last year to 17m.
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, Tuition.io, 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.

FinovateFall 2012 in the Press

Here's a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:
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ABA Banking Journal
Bank Technologists Meet American Idol
by John Ginovsky

AdvisorOne
Stock Picking Goes Social as Stockr, aSpark Debut
by Joyce Hanson

American Banker
Apple Effect Evident at Innovator Gathering
by Mary Wisniewski

Dynamics Adds Another Option for Its High-Tech Cards
by Daniel Wolfe

Payfone Aims to Make Mobile Payments Pain-Free
by John Adams

PreCash to Debut Mobile Wallet for the Underbanked
by Daniel Wolfe

Reporter's Notebook: Day 1 FinovateFall Favorites
by Mary Wisniewski

The Top 10 Tweets of Finovate

Andera blog
Finovate Takeaway: User Experience in Retail Transactions
by Andrea Hunter

Bank Innovation
Finovate Fall 2012: Demo Performance Scores and Reviews
by JJ Hornblass

Wade Arnold, CEO of Banno, Presents Grip
by Phillip Ryan

Bank Systems & Technology
5 Hot Bank Technologies From FinovateFall 2012
by Bryan Yurcan

Banno Releases Updated Grip Product
by Bryan Yurcan

MasterCard Forms New Rewards Program Partnership with Linkables Networks
by Jonathan Camhi

Mobile Commerce Company Payfone Debuts Checkout Solution
by Bryan Yurcan

Business Insider
Financial Planning Startup LearnVest Already Has Millionaire Clients
by Alyson Shontell

The Business Review 
To save or buy is ImpulseSave's question

Celent
FinovateFall 2012 Recap
by Jacob Jegher

Consumer Reports 
Finovate Fall 2012: A solution to the mortgage crisis?
by Tobie Stanger

Finovate Fall 2012: Help with students' loans and seniors' bills
by Tobie Stanger

Finovate Fall 2012: Making, managing and keeping money
by Tobie Stanger

Finovate Fall 2012: Now maybe you'll switch banks
by Tobie Stanger

Contactless News
Dynamics unveils Triple Interface, battery-powered payment card

Credit Sesame Blog
Check Out the Newest Way to Measure Your Credit and Loan Health!
by Erin Renzas

CreditUnions.com
Finovate Dispenses Inspiring Ideas (Part 1)
by Aaron Pugh

Finovate Dispenses Inspiring Ideas (Part 2)
by Aaron Pugh

The Currency Cloud blog
Finovate NY - Video & Photo Diary
by Nasir Zubairi 

CU Soapbox
GUEST POST: Innovation Unveiled In The Big Apple
Alix Patterson

Daily Finance
A Digital Wallet for the Unbanked: Mobile Finance Goes Downmarket
by Ross Kenneth Urken

The Digital Mailer Blog
FinovateFall 2012: A Recap

Discerning Technologist
Best of Show Locked Up? @MoneyDesktop Demo At #Finovate
by Bradley Leimer

Dough Roller blog
The Best Way to Track Your Investments Online (and it's Free!)
by Rob Berger

Dwolla Blog
Dwolla at FinovateFall
by Caitlin

Financial Planning 
LearnVest Becomes an RIA, Plans to Hire Advisors
by Elizabeth Wine

Finextra
EToro launches social trading index

PreCash introduces mobile wallet for underbanked

Fintech Marketing blog
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY ONE
by William Mills III

William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY TWO
by William Mills III

FintechToday
TOP TEN AT FINOVATE 2012
by Walt Cox

Forbes blog
4 Great New Tools to Manage Your Money
by Richard Eisenberg

Gonzobanker Can Make FinTech Amusing
by Tom Groenfeldt

LearnVest Reinvests In Its Mission: Financial Planning For The 99%
by Meghan Casserly

If You Want to Really Raise Capital, Try This Company and Not KickStarter
by Mark Fidelman

The Problem with Finovate
by Helaine Olen

GigaOM
Forget Mint, LearnVest's new platform takes aim at financial planning industry
by Ki Mae Heussner

Locaid bolsters location service with IP address data
by Ryan Kim

Gonzo Banker
Vendor Dirt: 2012 Finovate Fall
by Scott Hodgins

Huffington Post Money Blog
Online Financial Planning: The Chilling Thing I Found Out About My 70th Birthday
by Catherine New

JP Nicols Blog
Finovate Fall 2012 Best of Show Winners
by JP Nicols

Keeping Nickels
My Tweets from #Finovate
by Nichelle Stephens

Moment NYC blog
Finovate Fall 2012: Less tech, more desire.
by Alexa Curtis

MyBankTracker
Dashlane: Finally Something that Might Actually Make Online Shopping Easier

Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments

Finovate Wrap-Up: What Can FinTech Do for You? Really?
by Willy Staley

Ideon Choice Unveils Platform for Customer-Created Savings Products

ImpulseSave: Another App to Help You Save

LearnVest Gets SEC Certified, Announces Mobile App, Upgrades
by Willy Staley

Linkable Networks, MasterCard Expand Card-Linked Offers
by Simon Zhen

Locaid: Enter the Digital Panopticon!

MoneyDesktop Connects PFMs Across Multiple Devices

mShift's AnyWhereMobile Wallet Actually Adds Value
by Willy Staley

New Technologies Are Coming for Unbanked, Underbanked
by Simon Zhen

PayTap Debuts Shared Bill Payment Portal

PreCash Announces FlipMoney at Finovate: Mobile Money for the Underbanked
by Willy Staley

SwitchAgent: Bank-Switching Made Easy
by Simon Zhen

Tuition.io -- It's a Pun, Get It?

The New York Times Blog
LearnVest Dips Its Toes Into Investment Advice
by Ann Carrns

Next Avenue
4 Great New Tools to Manage Your Money
by Richard Eisenberg

NYConvergence
FINOVATE: Mobile and Social FinTech Innovations Dominate
by Lauren Keyson

PandoDaily
The Consumerization of Life's Ickiest Chores Continues: LearnVest Injects Its Financial Planning Tools With Steroids
by Erin Griffith

PaymentEye
Payfone launches a mobile commerce checkout solution

PaymentsJournal 
MasterCard Keeps Investing in Rewards, This Time With Linkable Networks

PaymentsNews 
FinovateFall 2012 - Best of Show Winners

Payfone To Launch Mobile Commerce Checkout Solution

PayTap Launches Social Bill Pay Service

PreCash Introduces FlipMoney Mobile Wallet for Underbanked Consumers

The Paypers
Banno adds new features to Grip financial aggregation app

Payfone makes 1 Touch Checkout available, partners CardinalCommerce

PC World
New web apps tackle business finance problems
by Yardena Arar

PYMNTS
Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights

Silicon Prairie News
Banno unveils upgraded interface, new analysis tools for Grip
by Michael Stacy

Snarketing 2.0
SedUIced
by Ron Shevlin

Advice For Finovate Presenters
by Ron Shevlin

TechCrunch
Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You
by Sarah Perez

Dashlane's Password Management Service Now Alerts Users When Their Accounts May Be Hacked
by Sarah Perez

It's Not Just For Women Anymore: LearnVest Brings Financial - And Now Investment - Planning To Everyone
by Sarah Perez

Money Management Service Personal Capital Wants To Manage Your 401K
by Leena Rao

Telecompaper
Payfone launches m-commerce checkout service

Tier One blog
Finovate: Day One in Review
by Kathy Wilson

FinovateFall Part Two! All about Savings, Security and Slick New PFM Tools
by Sue Parente

The Next Web
eToro launches Social Trading Index for learning from other traders and sharing top techniques
by Jamillah Knowles

LearnVest launches redesigned tools, new financial plans and teases its upcoming iPhone app
by Harrison Weber

Thomson Reuters 
EPAM Systems and Thomson Reuters announced a partnership to develop and host an App Store solution

Upstart Business Journal
Financial planning, iPad app among best at Finovate
by Kent Bernhard, Jr

Get a 401(k), win an iPhone5
by Kent Bernhard, Jr 

LearnVest targets masses for professional financial advice
by Teresa Novellino 

No need to wait for crowdfunding
by Kent Bernhard, Jr

Personal Capital aims to disrupt 401(k)
by Kent Bernhard, Jr

Sci-fi meets finance at Finovate
by Kent Bernhard, Jr

VentureBeat
Financial planning for all: LearnVest gets its biggest update yet
by Devindra Hardawar

Locaid launches Internet and mobile location-tracking service
by Dean Takahashi

Be sure to check back because we'll add more coverage as it is published throughout the week.
TuitionioLogo.jpg
Then, Tuition.io took the stage to demo its student loan platform:

"With Tuition.io, student loan borrowers can easily access all their loans in one visually appealing dashboard, use graphical visualization tools to compare them and get customized optimization plans that take advantage of little-known and hard-to-understand restructuring options."

Product Launched: August 2012  

HQ Location: Los Angeles, CA
Company Founded: October 2011
Website: tuition.io
Twitter: @Tuitionio
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)

Introducing Brendon McQueen (Founder & CEO) and Steve Pomerantz (Co-Founder & COO)
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We've selected over 60 leading innovators to take the stage for the sixth annual FinovateFall conference in New York on September 12 and 13.

Each company provided a sneak peek of what they'll demo next month. Below is the first installment of these teasers. We'll have more next week.

Don't miss your chance to see the live demo from each company and meet the execs responsible. Get your FinovateFall ticket here.

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Socialite from Actiance allows financial advisors, agents and sales and marketing to engage with clients, build customer relationships, and create a personal brand - all while being compliant with FINRA and SEC regulations. 

At Finovate you will see for the first time the integration of Actiance's Socialite platform with Salesforce enabling users to maximize the power of Salesforce, monetize their social involvement and increase revenue. Now users can Link Socialite contacts to Salesforce accounts and send Socialite activity to Salesforce when contacts provide feedback or respond to posted content. In addition, we will be showcasing our new Socialite Mobile application for the iPhone.

Innovation type: Marketing, sales, security

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Come meet Billhighway at the intersection of technology and philanthropy! It's your chance to witness the debut of a faster, more compelling way to fundraise. Billhighway's mobile application, unveiled for the first time at FinovateFall 2012, brings a mobile cashless approach for an easy, secure, fun way for folks to give in real time, and perhaps give more! 

The application is specifically developed for nonprofits to effectively increase funding from new sources. A great example of technology used for good, nonprofit organizations immediately collect and put to use mission-critical donor funds, the lifeblood of their efforts to do more good.

Innovation type: Marketing, mobile, payments

BCSGLogo2.jpgBCSG will be launching an innovative and customizable cloud-based package at FinovateFall 2012, incorporating the most important tools a small business owner needs to manage and grow their business. For just $25 a month, users will get access to several market leading applications via one online platform using a single username and password. This unique package has been developed specifically to address the day to day challenges small businesses owners face and is supplied through financial institutions.

Innovation type: Online UI, PFM, small business

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CommunityLend's product, Financeit, enables businesses to offer installment loans to their customers at the point of sale. Since launching in January of 2011, they have signed up over 1,200 merchant partners and processed over $130MM in loans. The key verticals are vehicle, home improvement, retail and health.

CommunityLend has raised over $9MM in financing since launch and is now pursuing a U.S. expansion strategy. Lending capital comes from banks and other institutional investors.

Innovation type: Lending, payments

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Can "The Cloud" be trusted to store important files? Are safe deposit boxes still practical in the age of electronic documents? Is there a way to ensure "Total Information Privacy" for the customer? My Virtual StrongBox is the online answer to safe deposit boxes. Customers store electronic copies of important documents in this easy-to-use filing system AND retain ownership of their documents. Files are managed by, and only visible to, the customer. Financial institutions using My Virtual StrongBox add one more sticky product to their list of benefits and keep customers around for years to come. Learn more at myvirtualstrongbox.com.

Innovation type: Banking products, PFM, small business

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Optimize your online marketing and improve your acquisitions strategies with Experian's Premium Prequalification, a powerful credit-screening tool that allows institutions to proactively utilize individual credit data online in real time to:

    • Empower and educate consumers with a snapshot of their credit health
    • Save consumers time and money by instantly providing them with their most viable options at the very start of their shopping experience 

This best-in-class process also offers Prequalification Triggers, notifying consumers of recent changes to their credit while offering relevant products, and Credit Comparables, which compares individual credit to the average in their area. Redefine your acquisitions strategies today with Experian's Premium Prequalification

Innovation type: Cards, lending, sales

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Fiserv understands that convenience and supporting user preference are keys to increased adoption and usage of digital payments. Our innovation seamlessly blends a variety of information input modes in our mobile banking application, Mobiliti Enterprise

Using our applications, users can choose from traditional keypad and screen touch interaction, image capture and OCR, or voice-driven commands and inputs to make payments. And a key feature is that users can effortlessly switch modes at any time, whenever they want - even in the middle of a transaction.

Innovation type: Banking products, mobile, payments

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In a world optimized to get us to spend more at every turn, ImpulseSave has made saving your money just as easy and instantly gratifying as spending it. Our simple web and mobile tools incent consumers to turn every point of sale into a "Point of Saving", as well as every point in between. 

ImpulseSavers are saving close to $4,000 per year on average. While others argue that greater discipline and better budgets are the answer, ImpulseSave represents the exact opposite approach. Instead of trying to change consumer behavior, encouraging more self-denial, we've actually transformed saving itself to leverage that very behavior, making saving as impulsive, fun, even addictive as is spending.

Innovation type: Communications, marketing, PFM

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Ready, Set, Locate! See how one easy-to-use API can locate any customer or cardholder mobile phone for authentication or mobile marketing. No apps to download, it works on feature phones, smart phones or on any carrier. Mobile phone network location can be a low cost, high quality, unspoofable authentication factor for mobile payment and credit card identity. 

See Locaid's live location demo that can be easily integrated into any CRM system, mobile marketing, web services or anti-fraud applications. With a mobile device number and permission, you can locate 350 million devices via our location privacy platform.

Innovation type: Identity, marketing, mobile

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See how financial institutions can save millions by implementing BankFiling, a first-of-its kind innovation that delivers significant ROI yet requires limited investment. A whole new approach to commercial and business banking! Prepare yourself!

Innovation type: Banking products, lending, small business

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The fear of not getting paid and concern over finding new clients is keeping small business owners up at night. PaySimple is launching a "get paid faster while you grow your business" addition to its PaySimple Pro receivables automation solution. The innovation automates pricing to ensure the small business is paid on time and also fosters social engagement as a natural extension of the payments process.

Innovation type: Online UI, payments, small business

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Times are tough. The kids are in college. You're caring for aging parents. You're underemployed. You have bills. Bills that are due. But your family and friends want to help. Because that's what family and friends do. If only there was a way for them to provide this financial help quickly. Conveniently. Securely. Online. Without the hassle of sending cash and checks, or the high cost of wire transfer services. Meet PayTap.

Innovation type: Communications, payments, PFM

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Personal Capital is wealth management for the Internet Age. The company's online platform combines digital technology with highly personalized service to provide a holistic view of your unique financial picture. The free online dashboard, iPad and iPhone apps present all of your financial data in one place, showing you exactly what you own and what you owe, in real time. 

At Finovate Fall, Personal Capital will unveil new features that enable even greater transparency into your money for the long-term: your retirement. Do you know how much your 401(k) costs?

Innovation type: Investing, online UI, PFM

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Pindrop Security's technology is being used by banks to identify fraud callers and to prevent fraud transactions. In the Fall of 2012, we'll introduce our latest solution for financial institutions that rely on the phone for transactions. Join us for the debut at FinovateFall 2012!

Innovation type: Identity, security

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Prepaid Resources introduces BenefitsDirect 'Direct Deposit Management'.

Capture recurring Federal benefits, State benefits and Payroll deposits through your accountholder website, in-branch, at retail, by mobile app or via live agent. Track enrollment success and measure direct deposit activity to proactively personalize accountholder relationships.

Innovation type: Banking products, cards

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ShopKeep solves the last mile in local. It enables vertical partners from delivery, payments, loyalty, and deals to connect directly to SMBs. A revolutionary iPad based SaaS product, ShopKeep's POS system makes traditional cash register products obsolete. 

For $2/day merchants receive a high end operating system and can manage their store even when they are not inside it. Made in NYC, ShopKeep now has over 2,500 customers. It provides merchants flexibility to choose their credit card processor and offers unheard of customer support and economics. ShopKeep POS is the simplest way for retailers to make smarter business decisions.

Innovation type: Payments, sales, small business

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Stockr
Stockr is a finance portal for the social web. For most people, investing is more social than scientific, and investment ideas come from close friends, trusted advisors and various periodicals. 

Stockr embraces this social element of investing, creating powerful connections among those who have actionable information and those who are seeking it. While other portals compete on content, our view is that content becomes most relevant and actionable when it's shared and discussed.

Innovation type: Investing & asset management, PFM

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Everyone has come to expect innovative, reliable and low cost local currency payment services, yet we continue to live with expensive and unreliable international payments. Over $37 trillion in foreign currency payments are sent or received each year. The international payment services offered by the major banks are far from satisfactory. The Currency Cloud evolves the international payments process - we make currencies simple.

Innovation type: Back office, payments, small business

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With Tuition.io, student loan borrowers can easily access all their loans in one visually appealing dashboard, use graphical visualization tools to compare them and get customized optimization plans that take advantage of little-known and hard-to-understand restructuring options.

Innovation type: Banking products, lending, PFM

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The mobile phone is fast becoming a dominant player in payments and banking worldwide. As electronic fraud will certainly be drawn to the new medium, so too must security be made usable, flexible and ultimately reliable. ValidSoft's proprietary technology can secure all transaction channels, in real-time. All our solutions are telecommunications-based. 

At FinovateFall 2012 we will show you how our advanced mobile payments authentication platform, SMART, supports a mobile wallet product and demonstrate how scalable and flexible it can be.

Innovation type: Identity, payments, security

Stay tuned next week for another sneak peek of FinovateFall 2012 presenting companies.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInc. Mag features ReadyForZero & Tuition.io as tackling the student debt crisis. Check out Tuition.io at FinovateFall.
  •  Orlando Sentinel reports Kony Solutions is on cutting edge of app development.
  • The Chicago Tribune reports Braintree to add 150 jobs.
  • Check out Q2 funding for Finovate alumni: over $120 mil raised.
  • ReadyForZero begins Smart Money Debate series.
  • Netbanker reports: Bank Simple Innovations #1 & #2: Demo Mode After Login.
  • MiiCard names RBS tech veteran Stephen Brannan chairman.
  • BostInno features LearnVest. Come see LearnVest's new fintech at FinovateFall in NYC next month.
  • Beloit Daily News looks at how 2 local businesses are using ShopKeep POS.
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.jpgForbes features Tuition.io's student loan platform. Come see Tuition.io'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 Salesforce.com 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.

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