The Currency Cloud, Tradeshift, and Intuit Form Partnership

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International FX payments service, The Currency Cloud today announced on its blog that it will partner with three other fintech companies, including e-invoicing company Tradeshift and SMB financial services company Intuit.

Through this partnership, the three will create an all-inclusive platform for TradeshiftLogo.jpg small businesses to better maintain cross-border relationships. The platform will focus especially on buyer-supplier relationships.

The terms of this deal have not been disclosed.

The Currency Cloud demonstrated at FinovateEurope last month, and its demo video will be posted here in a few weeks. Tradeshift demoed at FinovateEurope 2012, and Intuit demoed at Finovate 2009.

Continuity Control and cbanc Network Partner

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This week, compliance management platform Continuity Control and cbanc Network, a knowledge-collaboration community, announced a partnership.

This partnership will make Continuity Control’s RegAdvisor, a quarterly briefing, available through cbanc’s WebEd program.

RegAdvisor is a complimentary event to help financial institutions gain a practical view of new compliance regulations, and helps them understand what steps are necessary to ensure compliance. To register for the next RegAdvisor, click here.

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The terms of this deal have not been disclosed.

cbanc Network demoed at FinovateFall 2011, Continuity Control demoed at FinovateSpring 2010.

Cardlytics Discloses Consumer Usage Metrics

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Card-linked rewards company Cardlytics recently divulged some notable metrics.

The Atlanta-based company is working with more than 300 banks to give them insight into the spending of nearly 70% of households across the United States.

Since launching in 2008, Cardlytics reports:

    • Its system reaches 75 million U.S. households, about 200 million consumers

    • Those households make more than 11 billion debit or credit card purchases annually, amounting to $500 billion

    • It has 12 million mobile customers

Across the Cardlytics network, consumers activate an average of 15-20% of deals, have increased their spending amount by 4%, and have increased their online logins by 12%.

To learn more about Cardlytics, watch its FinovateEurope 2013 demo, coming soon to finovate.com/archives.html.

Finovate Alumni News– March 13, 2013

  • 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.

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.