Finovate Alumni News– March 12, 2013

  • Finovate-F-Logo.jpgCapital Access Network has provided SMBs access to more than $3 billion in working capital and facilitated 100k transactions since its inception.
  • Online CV certification service Veritas Vitae enlists miiCard to help eliminate CV fraud.
  • Forbes highlights BillGuard as 1 of 7 Tel Aviv-based startups.
  • Finextra reports Yorkshire Building Society taps eWise for PFM service.
  • Affinity Solutions to discuss brand loyalty, transaction-enabled marketing at Loyalty Expo 2013.
  • ACI Worldwide assures that it will maintain roadmaps, commitments to ORCC customers in wake of acquisition.
  • Bazaarvoice chooses Cohn & Wolfe as agency of record for North America.
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 11, 2013

  • American Banker reports: Union Bank signs up for Fiserv’s Bill Pay.
  • Bolstr featured on MSNBC’s Your Business.
  • Backbase gives a glimpse of the Digital Marketing Module it showed at FinovateEurope.
  • Triple Pundit looks at how the SEC is holding SoMoLend and other debt/equity crowdfunding platforms hostage.
  • USA Today considers Lending Club’s success.
  • CIO lists Expensify as 1 of 3 apps to help at tax time.
  • BellaDati releases updates to its platform.
  • Credit Karma launches app for Android.
  • Med Gadget interviews Diversinet CEO, Dr. Hon Pak.
  • Finextra reports Geezeo signs 1st United Services Credit Union.
  • CashStar announces availability of tablet gifting.
  • Android, iOS updates now provide card-to-card payments with Pageonce.
  • Dough Roller blog names PocketSmith one of the best calendar-based personal finance apps.
  • Continuity Control to partner with cbanc Network to provide regulatory briefing via RegAdvisor.
  • Koolspan and DeviceFidelity team up to build TrustSleeve, bringing microSD-based voice encryption to the iPhone.
  • Locaid and Life360 join forces to help parents stay in touch with their kids.
  • The Financial Brand highlights 50 of the most spectacular website designs in banking: Simple (formerly BankSimple), Standard Chartered, Mint, & Moven. See Netbanker’s take on the list here.
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 8, 2013

  • Finovate-F-Logo.jpgTechCrunch reports: PayPal separates developer platform from X.commerce, launches Simpler mobile APIs.
  • Springwise considers the open source nature of TESOBE’s OpenBankProject.
  • Pindrop Security named the Best Rookie Security Company at the 2013 SC Awards.
  • Servant of Chaos reports: SocietyOne eyes off disruption in personal lending.
  • Intuit Small Business blog lists Mint and Expensify as 2 of 4 apps to help manage your small business.
  • UK Wired Magazine reports BehavioSec invents alternative to passwords using biometric fingerprints.
  • Edison Investment Research publishes report covering Virtual Piggy.
  • Founder and CEO of Fuze Network, Dave Wilkes, to speak at the 2013 BAI Payments Connect Conference & Expo.
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 7, 2013

  • Finovate-F-Logo.jpgMSPmentor reveals some interesting stats from PaySimple.
  • U.S. Bank is first major bank in the U.S. to roll out Mitek-powered mobile photo billpay.
  • Luminous considers its experience demoing BankFiling at FinovateEurope.
  • New Zealand Herald reports Xero becomes billion dollar company.
  • CU Times reports Fiserv integrates Popmoney P2P payment tool with its mobile banking app.
  • Henri Dura to take post of CEO of GMC Software Technology.
  • IBS Intelligence ranks Temenos T24 #1 in its 2013 Sales League Table.
  • DeviceFidelity raises more than $470,000 in funding.
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.

SoMoLend Closes Seed Round of Funding Totaling Over $2 Million

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Debt-based crowdfunding platform SoMoLend announced today that it has completed its Seed round of funding, totaling over $2 million.

A recent $400,000 investment from Virginia-based QED Investors finished off the Seed round. Prior investments contributing to the total amount include:

    • $1.2 million in May of 2012
    • $310k in September 2011

The Cincinnati-based startup plans to use the funding to expand marketing, develop fundraising tools, and enhance the platform by adding social networking features.

To learn more about SoMoLend, watch its FinovateSpring 2012 demo.

Finovate Alumni News– March 5, 2013

  • Finovate-F-Logo.jpgAmerican Banker asks if Atlanta is a fintech startup Mecca and looks at Kabbage and Cardlytics as examples.
  • Actiance debuts Vantage for Lync Voice to capture VoIP calls for Mircosoft Lync users.
  • BBC News looks at BehavioSec’s biometric security.
  • On Deck opens new regional office in Denver, Colorado.
  • IDentity Theft 911‘s chief privacy officer Eduard Goodman talks smartphone privacy with Forbes.com.
  • TransferWise announces support for peer-to-peer international payments using debit cards.
  • TransWare from Compass Plus helps PrivatBank reach peak transaction processing.
  • Balance Financial launches Digital Office suite to create personalized client portal templates that can be customized.
  • Rebirth Financial launches nationally.
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.

Rebirth Financial Launches Nationally

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Last week, small business lending platform Rebirth Financial launched nationally to enable small businesses from across the country to secure loans.

The New Orleans-based company first launched in 2010, and has since provided access to millions of dollars in capital to hundreds of small businesses based in the southeast United States.

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Along with this launch, Rebirth Financial announced the availability of a new program called the Touch Program. This offering assigns borrowers a lending specialist to provide personalized guidance to help them find the right loan.

Rebirth Financial demoed at FinovateFall 2011 in New York.

Finovate Alumni News– March 1, 2013

  • Finovate-F-Logo.jpgMetaforic’s self-defending software immune system named the Gold winner by Info Security Products Guide’s 2013 Global Excellence Awards.
  • Worldwide Insure names Expensify the February Travel App of the Month.
  • TIO Networks expands Services with First Data’s Money Network Prepaid Services.
  • Bloomberg Television interviews Klarna CEO Sebastian Siemiatkowski.
  • CashStar co-founder, CEO David Stone to lead panel on mobile shopping and gifting at Prepaid Expo.
  • AEGON Turkey insurance sales processes go mobile with Figlo tablet solution.
  • Lending Club appoints former Visa President as Director.
  • Apps from BBVA Compass, Pageonce, and Simple highlighted in American Banker’s list of the top ten, most progressive mobile banking apps.
  • My Money Blog reviews Jemstep Portfolio Manager.
  • Co-founder and CEO of Birdback, Nicolai Watzenig named guest speaker at eDeal Summit.
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.

Tuition.io Reels in $1 Million in Seed Funding

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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.

SumUp Now Supports American Express Payments in Some European Markets

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European mobile payments company SumUp announced recently that it has added support for American Express in some of the European markets in which it operates.

Customers can make payments with an American Express credit card using either the traditional EMV method or SumUp’s new mobile payment method, SumUp Pay, that it demoed at FinovateEurope last week.

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American Express payments are approved in the following markets:

    • Germany
    • France
    • UK
    • Ireland
    • Italy
    • Netherlands
    • Spain
    • Austria

Negotiations to accept American Express are still ongoing in Belgium and Portugal, the other two countries in which SumUp operates.

Unlike most merchants who accept American Express credit cards, those who use SumUp will not be faced with a premium fee. Instead, they will pay SumUp’s regular 2.75% per transaction fee.

In its press release, SumUp claims it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide.

SumUp’s demo video from FinovateEurope 2013 in London will be posted soon at finovate.com/archives.html.

Finovate Alumni News– February 22, 2013

  • Finovate-F-Logo.jpgVendTek Systems and TIO Networks partner to provide walk-up bill payment services to the Canadian Market.
  • PerspecSys and Ping Identity partner to make it easier and more secure for enterprises to take advantage of the cloud.
  • Dashlane and Mint.com listed as 2 of 10 free, worthwhile iPhone apps.
  • DoughRoller lists Personal Capital, Mint.com, Expensify, HelloWallet, and Pageonce as 5 of 10 tablet apps that manage your money.
  • Bank Marketing Strategy blog looks at what sets Moven apart from traditional banks.
  • Finsphere awarded US patent for geo-location technology on mobile devices.
  • Comarch wins contract with Italy’s UniCredit Group to implement Smart Finance platform.
  • Xconomy reviews personal finance management apps from Mint.com and Pageonce.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 21, 2013

  • Finovate-F-Logo.jpgCommunityLend grows FinanceIt team.
  • Cartera Commerce appoints Brian Michon as CTO.
  • Mitek granted new patent for its mobile photo bill pay capabilities.
  • Geezeo partners with OSG Statement Services to develop a statement option that will allow PFM data to be leveraged in eStatements and printed statements.
  • GoBankingRates reviews Simple’s banking service.
  • American Banker reports: Maine’s Katahdin Trust Company selects Fiserv’s core banking platform.
  • MoneyDesktop reports record year with customer growth of nearly 80% from 2011 to 2012 and a 4.5X increase in recurring monthly revenue.
  • Hallmark chooses Taulia to provide e-invoicing, dynamic discounting and supplier self-services.
  • FamZoo’s prepaid card family pack featured in TIME.
  • Torsion Mobile integrates with Dwolla’s payment network.
  • Dallas Business Journal reports that Device Fidelity has raised $1 million in debt financing.
  • TSYS to begin processing ATM transactions through the LINK network in the UK.
  • Azimo CEO Michael Kent explains the social remittance business in Pymnts.com Q&A.
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.