Author: Julie Muhn (@julieschicktanz)

CoverHound Unveils a Quick Way to Request a Cost Estimate for Car Insurance

By Julie Muhn (@julieschicktanz) Posted on
Categories: CoverHound, FinovateFall 2013

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This post is part of our live coverage of FinovateFall 2013.
CoverHound is up next to demo a fast and unique way that users can receive an insurance estimate:
“CoverHound now lets you request a car insurance estimate just by Tweeting” 
Product Launch: September 10, 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
Metrics: $6.5M raised & 23 employees

HQ: San Francisco, CA
Founded: May 2010
Twitter: @CoverHound
Presenting Basil Enan (CEO) and Keith Moore (CMO)

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The full demo video will be available at Finovate.com in mid-September.

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SpearFysh’s Note Taking App Helps Salespeople Stay Organized

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, SpearFysh
This post is part of our live coverage of FinovateFall 2013.

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Afterwards, SpearFysh demonstrated how its app can improve the note-taking experience during and after sales calls.
“Our Intelligent Note-Taking App helps a salesperson execute a pre-loaded agenda of a sales call that they see on the tablet screen during note-taking. In addition, it allows the salesperson to take notes, capture audio of the conversation, and tag critical data for 100% recall of the “voice of the customer” and sales process analytics. 
Our Web App enables interaction sharing with everyone at the organization that is involved in the sales process. Sales call data and the “voice of the customer” is converted from speech to text, indexed, and mined for sales intelligence to improve coaching and executive decision-making.”
Product Launch: May 2013
Metrics: $3.18M raised to date, 12 FTE, pre-revenue
Product distribution strategy: Direct to Business (B2B)
HQ: Twinsburg, OH
Founded: May 2011
Website: spearfysh.com
Presenting Marc Miller (CEO) and Greg Pacholski (President)

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The full demo video will be available at finovate.com in mid-September.

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With the Akimbo Card, Users Can Make P2P Payments with a Prepaid Card

By Julie Muhn (@julieschicktanz) Posted on
Categories: Akimbo Financial, FinovateFall 2013

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This post is part of our live coverage of FinovateFall 2013.
Then, Akimbo stepped up to the stage to show its prepaid P2P payments solution:
“Akimbo is reinventing the allowance with a card that delivers money anytime, anywhere. Akimbo offers free and instant money sharing, and each Akimbo member can create up to 5 sub-cards for kids, students, friends, staff or anyone. Cardholders can link bank accounts and set up automatic allowances to sub-cards or any other Akimbo member. 
The Akimbo Card provides immediate access to sent funds everywhere Visa debit is accepted and at ATMs. Cardholders can access and manage their account and sub-cards from any mobile, tablet, or desktop device using our HTML5, adaptive-display web app, or native iPhone app.”
Product Launch: March 2013 (New Platform: August 2013)
Metrics: Raised $2.2M to date, 12 employees, 20,000+ users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: San Antonio, TX
Founded: January 22, 2010
Twitter: @akimbocard
Presenting Houston Frost (CEO)

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The full demo video will be available at Finovate.com in mid-September.

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Yseop Debuts New Financial Suite

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Yseop
This post is part of our live coverage of FinovateFall 2013.

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Then, Yseop demonstrated how its Financial Suite can facilitate the report-writing process:
“Yseop Financial Suite, the latest round of financial applications developed on Yseop’s technology, is designed to boost sales performance in the financial market. This suite of products covers the full range of possibilities offered by Yseop’s text-generating software: including an online personalized expert guidance application for lead generation, whose output can be displayed in multiple languages and a prep-to-meeting report, which demonstrates Yseop’s ability to improve sales productivity in retail or commercial banking. Finally, a third application will show our ability to generate a two-page market summary report based on the latest financial data instantly.”
Product Launch: January 2013 (latest version)
Metrics: Privately self-funded. Over 20 years of research to develop the technology. First commercialized as a middleware in 2008. 25 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries. Demonstrated improvement in sales productivity of 20% overnight. Recently signed a deal to deploy Yseop technology for over 25,000 users at another large financial institution. 
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: New York, NY, Dallas, TX, & Lyon, France
Founded: 2008
Website: yseop.com
Twitter: @yseopai

Presenting Elizabeth Farabee (VP Marketing) and Matthew Kropp (Director, Marketing & Sales)

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The full demo video will be available at finovate.com in mid-September.

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BizEquity Takes on the Business Valuation Market

By Julie Muhn (@julieschicktanz) Posted on
Categories: BizEquity, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

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Next, BizEquity demonstrated how it helps businesses discover, manage, and optimize their value:
“There are more than 28M business owners in the US – 75% don’t know what they are worth and 50% are under-insured. The market for business valuation is a $2.8B dollar market, with 99.7% being conducted offline at $8,000 per report and taking up to 6 weeks.  
BizEquity has revolutionized the market by putting it online helping to enable more businesses to discover-manage-and optimize their value. BizEquity helps every financial institution help business owners better understand their value and what they can do to better protect themselves.”
Product Launch: July 2012
Metrics: With more than 50,000 users & over 12 private label channel partners to date, 60 patents & inventions filed, 2 patents granted already, & over 3 years of technology development & $7M invested into building the system, BizEquity has become the first & leading cloud-based business valuation service.
Product distribution strategy: Direct to Businesses online at BizEquity.com and indirect via the channel and private label agreements with leading financial and data institutions.
HQ: Wayne, Pennsylvania
Founded: May 2010
Product Demoed: BizEquity Valuation Engine and VaaS™ Cloud Service
Website: bizequity.com
Presenting Michael Carter (CEO) and Semyon Fishman (VP Product Engineering)

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The full demo video will be available at finovate.com in mid-September.

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FinanceIt’s New iPad App Gives Borrowers Instant Loan Approval at the Point-of-Sale

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinanceIt, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.
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FinanceIt demonstrated how its technology provides consumer financing at the point-of-sale:
“FinanceIt iPad App with ID scan instant approvals and borrower facing online application form that merchant Partners can embed anywhere.”
Product Launch: January 2011
Metrics: FinanceIt has over 2,500 merchant partners who have processed over $400M in loan volume since launch. There are currently 40 employees and we have raised $8M. We are closing a $10M to $13M US expansion round this year.
Product distribution strategy: SEO, SEM, Trade Advertising, Partnerships, Sales, Business Development, & PR
HQ: Toronto, ON, Canada
Founded: January 2011
Website: financeit.ca
Presenting Michael Garrity (CEO), Casper Wong (COO), and Paul Sehr (CTO)
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The full demo video will be available at finovate.com in mid-September.

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Instabank Debuts Mobile-Only Bank

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Instabank
This post is part of our live coverage of FinovateFall 2013.

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Next, Instabank demonstrated the capabilities of its mobile-only bank:
“Instabank is a mobile-only bank. Instabank’s main goals are to: Help people enjoy the simplicity of managing their bank account, bring the social aspect into the area of personal finance, unlock viral growth in user acquisition, and become the Dropbox of retail banking. 
Key features: Real-time activity stream, add comments, photos, and Foursquare venues to purchases, send money to Facebook friends, send money to nearby Instabank users, up to 10% APR for checking accounts, ATM map showing distance to nearest free ATM, bill pay, share purchases on Facebook, search purchases using keywords, split a bill with friends, design your own debit card using Instagram photos, and PFM with expense category statistics and analytics.”
Product Launch: April 2013
Metrics: Thousands of users a few months after launch.
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: Prague, Czech Republic
Founded: August 2012
Website: instabank.eu
Twitter: @instabankru

Presenting Roman Potemkin (Co-Founder & CEO) and Alexey Shelestenko (Head of Marketing)

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The full demo video will be available at finovate.com in mid-September.

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StrategyCorps’ BaZing Helps Financial Institutions Bring in Fee Income from Checking Accounts

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, StrategyCorps
This post is part of our live coverage of FinovateFall 2013.

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Next, StrategyCorps demonstrated its BaZing solution:
“Every financial institution needs more fee income. The challenge is how to get more without ticking off customers. Thoughtlessly slapping a new fee on an existing traditional service isn’t the answer (remember the $5 debit card fee debacle). BaZing, through its mobile and online delivery platforms, smartly provides consumer-demanded benefits so relevant and appealing, customers gladly pay for it. 
How much? On average, about one-third of your consumer checking relationships will pay nearly $75 per year. BaZing brings customer-friendly, non-overdraft related fee income like no other retail banking service. BaZing is the new cha-ching!”

Product Launch: April 2012
Metrics: 43 FTE employees, 1M full fee paying users, 350,000 partial fee paying users, & 200 financial institution clients
Product distribution strategy: Through financial institutions & through other fintech companies and platforms
HQ: Brentwood, TN
Founded: November 2001
Twitter: @StrategyCorps
Presenting Mike Branton (Managing Partner) and Dave DeFazio (Partner)
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The full demo video will be available at finovate.com in mid-September.

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Yodlee Debuts TANDEM to Help Groups Manage and Discuss Shared Finances

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Yodlee
This post is part of our live coverage of FinovateFall 2013.

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Yodlee took the stage next to debut its new TANDEM product:
“When it comes to finances, where you stand depends on which “hat” you’re wearing. Most people have several “shared finances” in their life. Elderly parents. Spouses. Children. Friends. Now, through a single app, you can manage them all. Yodlee created TANDEM to enable safe and meaningful dialogue about finances between individuals and among groups. 
With its unique tools to access, learn, manage, project, and control, TANDEM empowers you to make financial decisions as a family, a couple, a group, or a parent.  And making financial decisions has never been more rewarding or more actionable. Close, Closer, Closest. Regardless of the relationship(s), you get one app, different views, full financial control.”
Product Launch: September 2013
Metrics: Yodlee is a global financial leader with 600+ customers, 50M+ users, and more than 700 employees worldwide. From leading financial institutions to Fortune 500 consumer service companies to the coolest startups, Yodlee powers innovative digital services shaping the future of customer interactions. With 25%+ year-over-year revenue growth, Yodlee continues to expand in existing and new markets globally.
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: Redwood City, CA
Founded: February 1999
Website: yodlee.com
Twitter: @yodlee
Presenting Anil Arora (President & CEO) and Katy Gibson (VP Applications)
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The full demo video will be available at finovate.com in mid-September.

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Capital Access Network Launches “Mobile Funder” Tool

By Julie Muhn (@julieschicktanz) Posted on
Categories: Capital Access Network, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

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Capital Access Network launched Mobile Funder:
“Mobile Funder is a tablet-based tool enabling time-starved, “on the move” financial sales/ISO representatives selling alternative capital to small businesses with the ability to complete their sales process in one visit. 
Mobile Funder empowers reps to securely pre-qualify prospects, authorize credit checks, propose multiple finance options and submit applications in minutes, eliminating paper applications and the need for multiple visits. The result: This all-in-one tool gives small business finance reps the power to close more deals and deliver capital faster.”
  
Product Launch: September 2013
Metrics: CAN has helped small businesses access $3B+ in over 120,000 transactions. CAN operates with 425 employees in 4 locations. CAN secured $30M in venture funding from Accel Partners in 2012 and expanded its credit line by $165M in May 2013, bringing its total line to nearly $500M.
Product distribution strategy: Direct to Business (B2B)
HQ: New York, NY
Founded: 1998
Twitter: @CANCapital
Presenting Daniel DeMeo (CEO) and Brent Harrison (Director of Marketing, Alliance & Partnerships)
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The full demo video will be available at finovate.com in mid-September.

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Luminous Banking Debuts Business Loan PreApprover Technology

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Luminous
This post is part of our live coverage of FinovateFall 2013.

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Then, Luminous showed how its PreApprover helps financial institutions efficiently screen potential borrowers:
“Online business loan PreApprover is a customer-driven, self-service tool that identifies suitable loan customers from unsuccessful applicants with minimal effort from the bank. PreApprover reduces the amount of resources spent on the screening process and enables more business customers to apply for loans.”
Product Launch: February 2013
Product distribution strategy: Through financial institutions
HQ: Johannesburg, South Africa
Founded: 2009
Twitter: @luminousbanking

Presenting Andrew Buchanan (Global Head of Sales) and Andrew Teversham (CTO)
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The full demo video will be available at finovate.com in mid-September.

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MoneyDesktop Introduces GuideMe

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, MoneyDesktop
This post is part of our live coverage of FinovateFall 2013.

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Next, MoneyDesktop brought GuideMe to the stage:
“GuideMe is integrated directly into MoneyDesktop’s award-winning PFM platform and draws from an account holder’s daily spending habits to help suggest a path for achieving future financial goals such as paying off a loan, saving for a child’s college education or preparing for retirement. 
Fully customizable, GuideMe clearly presents financial goals by implementing a similar approach to the companie’s patented BubbleBudget concept, allowing account holders to track progress within each individual goal while visualizing the immediate importance of each long-term objective based on variable size and location on the tool’s virtual time line. Unlike many financial planning solutions, GuideMe automatically updates the progress of each goal based on the change or realization of another. For example, GuideMe will update the suggested path for a longer-term goal, such as saving for a new car, once a more immediate goal like saving funds for an emergency needs account is met.””
Metrics: Triple digit growth over the past 3 years, 27 Online Banking/Core/Payment Network Partners, 400+ FI Clients, & 90+ employees

Product distribution strategy: Direct to Business (B2B) & through financial institutions

HQ: Provo, UT
Founded: March 2010
Twitter: @moneydesktop
Presenting Ryan Caldwell (CEO & Founder) and Matt West (VP Sales)
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The full demo video will be available at finovate.com in mid-September.

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