Author: Julie Muhn (@julieschicktanz)

Fourteen Alums Recognized in AlwaysOn Global 250 Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, Cartera Commerce, Credit Karma, FlexScore, Kabbage, Lending Club, On Deck Capital, Ping Identity, Placecast, SecondMarket, Taulia, ThreatMetrix, Wonga, Yodlee

AOGlobal2503.jpg

This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2009
    • CEO: Ryan Gilbert
    • Total funding: $32.5 million
    • FinovateSpring 2011 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2006
    • CEO: Renaud Laplanche
    • Total funding: $220 million
    • FinovateStartup 2009 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 

    • Category: B2B Applications – Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: London, UK
    • Founded: 2007
    • CEO: Errol Damelin
    • Total funding: $145 million
    • FinovateFall 2010 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital

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    Finovate Alumni News– July 24, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Akamai, Cardlytics, Fidor Bank, ProfitStars, Q2ebanking, ShopKeep POS, The Currency Cloud, ValidSoft, Yodlee
    • Finovate-F-Logo.jpgCardlytics hires Jim Morgan as its first CFO.
    • Yodlee lets U.K. lenders view prospects’ bank account data.
    • Q2ebanking expands into 85,000 square foot Austin corporate headquarters, poised for continued growth with new talent.
    • TechMarketView reports: ValidSoft offering additional security in a multi-channel world.
    • Congruity Solutions features ShopKeep POS on radio talk show.
    • ProfitStars introduces iPay OneClick bill pay and Andiamo, a way to deploy mobile services without core integration.
    • Fidor Bank AG to create “liability umbrella” in new partnership with German bit coin marketplace, Bitcoin.de.
    • The Currency Cloud nominated for Best Online Payments Solution (Merchants) in 2013 Payments Awards.
    • Bank Info Security interviews Akamai’s Fran Trentley on security challenges in the mobile environment.
    • Paul Miniutti of ProfitStars talks about the link between ATMs, mobile devices, and P2P payments.
    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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    Finovate Alumni News– July 23, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Check, DeviceFidelity, FIS, Fiserv, Kalixa, Manilla, MasterCard, Mint.com, Narrative Science, Personal Capital, ProfitStars, Thomson Reuters, VerifyValid, Yodlee
    • Finovate-F-Logo.jpgYodlee launches suite of solutions to give self-directed investors a full picture of their wealth and investments in one place.
    • Forbes lists Narrative Science as 1 of 5 exciting tech companies you’ve probably never heard of.
    • Huffington Post features Personal Capital, Mint, and Manilla as tools to organize finances.
    • First Federal Bank and United Community Bank have selected Fiserv’s DNA account processing platform.
    • Commerce Bancshares extends use of Alogent Payments Gateway from ProfitStars.
    • Thomsen Reuters announces availability of Checkpoint Pocket Assistant for the iPhone, free app for tax professionals.
    • Check to provide mobile bill pay to Desert Water Agency customers.
    • NYSE CIO Peter Leukert to lead FIS’s strategy and thought leadership team.
    • Technologies from Kalixa, DeviceFidelity, and MasterCard combine to bring moneto mobile wallet to the U.K.
    • VerifyValid partners with Deluxe to offer secure check payment solution to small businesses. See VerifyValid demo at FinovateFall in New York.
    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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    Yodlee Launches Suite of Solutions to Give Self-Directed Investors a Full Picture of Their Wealth and Investments in One Place

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Yodlee

    YodleeLogo2012.jpg

    Financial management solutions company Yodlee has added another suite of solutions to its existing offerings for retail, small business, and cards-only customers. It recently added a platform called WealthCenter, which caters to self-directed investors who prefer to manage their own investments online.

    The suite includes:

      • Getting Started creates a task list for the user to help them aggregate all of their accounts
      • Net Worth tracks assets and liabilities, showing changes in net worth over time
      • Watch List shows winning and losing investments based on the user’s holdings
      • Investment Holdings presents a rounded view of holdings, with insight into trending holdings based on geographic area
      • News and Research presents the latest news based on the user’s holdings
      • Asset Allocation shows how assets are allocated
    The new offering helps financial institutions better interact with the 73% of investors who make their own investment decisions. It enables them to provide a single point where they can access investment accounts held across different institutions.

    YodleeWealthMgmt.jpg

    To learn more about Yodlee, watch its FinovateFall 2012 demo where it showcased its Small Business Center.

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    Finovate Alumni News– July 22, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: eToro, FTRANS, Geezeo, mBank, Prestadero, Zenmonics, Zopa
    • Finovate-F-Logo.jpgPrestadero raises 5 million pesos ($400,000 USD) in first round of funding.
    • Geezeo partners with OSG Billing to offer new ways to leverage PFM within the bank statement.
    • eToro OpenBook now a single-page application since Copy.Me is discontinued.
    • The Financial Brand takes a look at mobileBanker, a turnkey solution for mobile sales from Zenmonics. See Zenmonics at FinovateFall in September.
    • FTRANS raises more than $2 million.
    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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    Prestadero Raises 5 Million Pesos ($400,000 USD) in First Round of Funding

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Prestadero

    PrestaderoLogo.jpg

    Peer-to-peer lending platform Prestadero today announced it raised its first round of funding, totaling 5 million Mexican Pesos ($400,000 USD).

    The round was led by Venture Partners Mexico.

    PrestaderoHomepage.jpg

    Up until this round, CEO Gerardo Obregon has self-funded the startup since launching it in 2011. Prestadero plans to use the funding to attract new borrowers and lenders and to accelerate growth.

    Having only been in operation for a year, the Mexico City-based company has loan requests of over 120 million Mexican Pesos and offers net annualized returns of 16% for lenders, and rates from 8.9% to 28.9% per annum for creditworthy borrowers.

    To see Prestadero’s platform in action, watch its FinovateSpring 2013 demo.

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    Finovate Alumni News– July 19, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Actiance, Authentify, GoBank, Lendio, MasterCard, Moven, PayPal, SocietyOne
    • Finovate-F-Logo.jpgPayPal reviews second quarter performance.
    • Creditcard.com.au features SocietyOne as 1 of 5 industries where you should be using a ‘share business’.
    • Network World reports: Authentify xFA provides simple, secure primary authentication using digital certificates and voice biometrics.
    • Compliance Week reports: Actiance Socialite helps simplify social media compliance.
    • MasterCard’s Margaret Shine talks debit card adoption with Pymnts.com.
    • Lendio prevents five reasons why small businesses should rely on cloud accounting.
    • Project Runway season opener features contestants using GoBank accounts to make purchases and manage spending.
    • Netbanker looks at the benefits of Moven’s contactless NFC sticker.
    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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    PayPal Reviews Second Quarter Performance

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: PayPal

    PayPalLogo.jpg

    eBay’s PayPal has been busy so far this year, releasing the Chip & PIN version of its PayPal Here dongle and introducing its Cash for Registers program.

    Today, it showed the fruits of those efforts in its second quarter performance metrics. Here are the highlights, as observed by PayPal president David Marcus in his blog post:

    • The more than 700 million transactions PayPal enabled during the three months is an all-time high for the company
    • The more than $827 million in international revenue represents a year-over-year growth rate of 21%

    PayPalQ22103Infographic.jpg

    PayPal last presented at FinovateEurope 2012 where it demoed its Instant Account Creation technology. Check out the video here.

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    Finovate Alumni News– July 18, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: ACI Worldwide, Check Point, Dwolla, eToro, Fiserv, InComm, IntelliResponse, Pangea Payments, SeedInvest, ShopKeep POS, TransferWise, Xero
    • Finovate-F-Logo.jpgPennsylvania-based First National Community Bank selects a core banking system from Fiserv.
    • Check Point Software launches 13000 Appliance solution set for high-performance data center cyber security.
    • Accounting and advisory firm William Buck and Xero partner to offer clients Xero as accounting solution of choice.
    • eToro releases Stockwatch for Android.
    • StreetFight Magazine features case study of ShopKeep POS use in cupcake bakery.
    • IntelliResponse announces VAR partnership with Australia-based BolderView.
    • SeedInvest CEO Ryan Feit talks with the Street.com about the effect of fund advertising rule changes on crowdfunders.
    • Built in Chicago blogger profiles Pangea Payments and the trillion dollar remittance market.
    • 2013 Payment Hub report names ACI Worldwide “Best in Class” in payments capability.
    • InComm Launches Pre-Top to Expand Availability of Prepaid Solutions.
    • TransferWise featured in American Banker column on the growing online/mobile payments business. 
    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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    Ping Identity Pulls in $44 Million in Series F Funding for International Expansion

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Ping Identity

    PingIdentityLogo.jpg

    In the largest funding installment we’ve seen for a Finovate alumni this year, cloud identity management service Ping Identity pulled in $44 million in a Series F round, $29 million in equity and $15 million in debt according to Xconomy.

    The round was led by DFJ Growth and W Capital Partners– the latter will join Ping Identity’s board of directors. 

    PingHomepage.jpg

    Other investors include:

    • General Catalyst Partners
    • Draper Fisher Jurvetson
    • Avista Partners
    • Triangle Peak Partners
    • SAP Ventures 
    • Appian Ventures

    The debt financing was provided by Silicon Valley Bank.

    The company, which counts Boeing, BMW, and Chevron as clients, has received a total of $78 million in funding and plans to use this round to help it expand internationally.

    The Colorado-based company is considering filing for an IPO as early as 2014.

    To learn more about Ping Identity, watch its FinovateEurope 2012 demo.

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    MoneyDesktop Signs Wilson Bank & Trust to PFM

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: MoneyDesktop

    MoneyDesktopLogoNew.jpg

    Today, Wilson Bank & Trust formally launched Utah-based MoneyDesktop’s PFM, which has been available to all account holders for free since March.

    The Tennessee-based bank says the PFM is already gaining popularity, with more than 25% of its nearly 20,000 active online banking members* having used the tool in the first 3 months. 

    Executive vice president of Wilson Bank & Trust, John McDearman, says that the bank spent 12 months researching different PFMs and selected MoneyDesktop in order to create a “wow” experience for customers. The bank has driven adoption by marketing the PFM via email, online, and inside its 25 branches located throughout middle Tennessee.

    WilsonBankTrustAndMD.jpg

    To get started, users log in with their existing online banking credentials. Their use of the PFM is tracked through a separate server once they start using the features. 

    In addition to providing the PFM, the bank, which has more than $1.7 billion in assets, also announced it is using MoneyDesktop’s Insight & Target products that it revealed at FinovateSpring in May (see demo video below). It is one of the first financial institutions to take advantage of these services.

    The video cannot be loaded as your browser does not support JavaScript.

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    *active users are those who log into online banking at least one time per month.

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    Finovate Alumni News– July 16, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: ACI Worldwide, Allied Payment Network, Lendio, ProfitStars, Simple, Virtual Piggy
    • Finovate-F-Logo.jpgSimple celebrates first birthday with $1 billion in annual transactions.
    • Lendio will connect SMBs with ProfitStars’ BusinessManager solution and LendingNetwork program.
    • 3Rivers is the first credit union to deploy Allied Payment Network’s PicturePay mobile billpay solution.
    • ACI Worldwide partners with DBS to deliver online banking platform to corporate clients in Asia.
    • Payments Source reports: Virtual Piggy Enables Payments for Toy Robot Seller.
    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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