Author: Julie Muhn (@julieschicktanz)

Tuition.io Reels in $1 Million in Seed Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Tuition.io

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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.

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SumUp Now Supports American Express Payments in Some European Markets

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

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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.

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Finovate Alumni News– February 22, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Comarch, Dashlane, Expensify, Finsphere, HelloWallet, Mint.com, Moven, Pageonce, Personal Capital, Ping Identity, TIO Networks
  • 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.

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Finovate Alumni News– February 21, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Cartera Commerce, CommunityLend, DeviceFidelity, Dwolla, Expensify, FamZoo, Fiserv, Geezeo, Mitek, MoneyDesktop, ReadyForZero, Simple, Taulia, TSYS
  • 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.

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FinovateEurope 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Backbase, BBVA, Cardlytics, CurrencyFair, EZBOB, Finantix, FinovateEurope 2013, Kabbage, mBank, Meniga, Moven, SAGE SA, SumUp, Temenos, TESOBE, The Currency Cloud, Thomson Reuters, True Office

Here’s a look at some of the press coverage we received from FinovateEurope last week:

AllFacebook
Money-Transfer Service Azimo Integrates with Facebook
By David Cohen
American Banker

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Cardlytics Brings Offers, Rewards to Bank Customers on Facebook
by Mary Wisniewski
True Office, Thomson Reuters Partner to Offer Gamified Compliance Apps
by Mary Wisniewski

Backbase blog
Backbase Unveils Amazon-like Digital Marketing Module at FinovateEurope 2013
by Prue Duggan

Bank Marketing Strategy
Moven From Mobile Banking to Mobile Money
by Jim Marous

Bankier.pl
mBank idzie za ciosem i pokazuje kolejne nowości
by Michał Kisiel 
Nowy mBank zapowiada mOkazje i przelewy wysyłane jak wiadomości

Banking Technology
Finovate Europe sees arrival of the Old Guard
by David Bannister
Temenos debuts LiveDesigner at Finovate Europe
by David Bannister

BankNXT
Finovate Europe 2013: Bank to the Future
by Auke Douwe

Berliner Morgenpost
SumUp will traditionelle Kassen abschaffen
by Jürgen Stüber

Computer World
Gamification trend could save banks from huge compliance fines
by Matthew Finnegan

Credit Union Times
Mobile Banking by Voice Next Up? Print Preview 
by Robert McGarvey

Datamonitor 
Finantix takes mobile banking to the next level

Ebests.com
Fresh from a $30m funding round, Kabbage looks beyond the US to launch its loans platform for UK SMEs
by Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
by Paul Sawers
El Economista
BBVA participa en FinovateEurope entre ´startups´ europeas
El País blog
Móvil y banca en España
by Álvaro Martín Enríquez
Financial Times
Eye-opening options
by Peter Williams
Money app aimed at Facebook users
by Duncan Robinson
Triumph of technology
by Peter WIlliams
Finextra
Moven gears up for launch
Temenos unveils LiveDesigner tool for Web application development
The Currency Cloud API integrated into Salesforce and Sage 50
Forrester blog
Finovate Europe 2013: Bank to the Future
by Auke Douwe Veenstra
Finovate Europe 2013: Digital Financial Innovation
by Benjamin Ensor
FX-mm
The Currency Cloud’s unique cross-border-payments-a-service capability available for leading enterprise software 
GoMo News
UK startup debuts mobile money app for Facebook
by Dave Evans
ICT journal
Huit innovations financières primées à Finnovate
by Hélène Lelièvre
Temenos étend sa gamme de solutions pour l’expérience utilisateur
by Bastien Brodard
Intelligent HQ
#Finovate NOW a new generation of Social Bankers
by Hayden Richards
FinTech News: #Finovate, #Gamification trends
by Hayden Richards
International Business Times
Sharing Money On Facebook Just Got Easier: Should Banks And PayPal Be Worried?
by Christopher Zara
Mapa Research
Finovate Day One Round Up
by Paul Merry
Finovate Day Two
by Joshua Grant
Money Marketing
Ian McKenna: New tech will drive down costs
by Ian McKenna
PandoDaily
Moven gives sneak peek of new mobile banking app
by Hamish McKenzie
Payments Journal
Kabbage Extends Its Small Business Funding Model To the UK
Payments Source
Cardlytics Searches for Issuer Adoption on Facebook
by John Adams
PR Web
Meniga Awarded its Second “Best of Show” Trophy at Finovate
Programmable Web
Integrate Cross-border, International Payments Processing with Currency Cloud’s XBPConnect API
by Eric Carter
Puls Biznesu blog
Taki będzie Nowy mBank
by EUGENIUSZ TWARÓG
RFP Connect
SAGE SA To Introduce BlackSwan Financial Platform at FinovateEurope 2013
Shiny, Shiny
Azimo lets you transfer money to your Facebook friends
By beccacaddy
Tamebay
Ezbob to expand to the US
By Chris Dawson
Kabbage announces UK launch at Finovate EU
by Chris Dawson
TechCrunch
Kabbage Brings Data-Focused Online Merchant Lending To The UK
by Leena Rao
Social Money Transfer Service Azimo Adds Facebook Integration To Squeeze Western Union
by Steve O’Hear
Telegraph
Now you can use Facebook for international currency transfers
By Justin Harper
The Next Web
Cardlytics’ transaction-linked ads for bank statements to get Facebook integration, as EU launch nears
by Paul Sawers
Open Bank Project aims to bring financial transparency to organizations with an API and Web 2.0
by Paul Sawers
P2P FX platform CurrencyFair announces $500m of transactions so far,
and vies fo $1bn in 2013 alone
By Paul Sawers
SumUp demos its latest mobile-payments tech for Europe: Order a coffee simply by saying your name
by Paul Sawers
TICBeat
BBVA triunfa con Stockbuzz, una app que analiza el IBEX35 en Twitter
by Miriam Castellanos
Travolution
Azimo claims first with Facebook funds transfer service
By Travolution
VentureBeat
Kabbage brings its quick fix loans to UK merchants
by Christina Farr
Thanks to everyone who came and helped make this year’s FinovateEurope the biggest yet.
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We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact julie@finovate.com with the link.

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Finovate Alumni News– February 20, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Bazaarvoice, eDeposit, FamZoo, Finantix, Jack Henry, Kashoo, Klarna, Luminous, Metaforic, Monitise, Mortgagebot, PayPal, ProfitStars, Prosper, SafetyPay, SecureKey, ShopKeep POS, TSYS, Tuition.io, Virtual Piggy, VoiceTrust
  • 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.

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On Deck Brings in $42 Million Series D Financing

By Julie Muhn (@julieschicktanz) Posted on
Categories: On Deck Capital

OnDeckLogo.jpg

Last week small businesses borrowing solutions company, On Deck Capital, announced that it has secured $42 million in funding.

On Deck’s Series D financing round was led by a new investor, Institutional Venture Partners. Existing investors also participated:

    • RRE Ventures
    • SAP Ventures
    • First Round Capital 

This recent round brings the company’s total funding to $96 million.

The New York-based company also released some stats:

    • Deployed $400 million in loans to date
    • Tripled its distribution partners to 1,500 nationwide
    • From 2008 to 2011, the company saw 12X revenue growth

In conjunction with this financing, Sandy Miller, IVP General Partner will join On Deck’s board of directors.

On Deck Capital demoed at FinovateSpring 2012.

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Virtual Piggy Lets Kids Under 18 Safely Spend Money Online

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2013, Virtual Piggy
This post is a part of our live coverage of FinovateEurope 2013.

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Wrapping up FinovateEurope 2013, Virtual Piggy demonstrated how kids can use its online payment platform to safely make online purchases:
“Virtual Piggy is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment. 
The technology delivers online security platforms designed for the under-18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (COPPA) and similar international children’s privacy laws. Virtual Piggy enables the U-18 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control.”
Product Launch: March 2012
HQ: Hermosa Beach, CA, USA
Founded: February 2008
Metrics: Public Company (OTC:VPIG)
Twitter: @followpiggy
Presenting Dr. Jo Webber (CEO & Founder) and Pradeep Ittycheria (CTO & Co-Founder)
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Finantix Debuts Banking Assistant, a Smart Banker in Your Pocket

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

Next, Finantix showcased Banking Assistant:

FinantixLogo.jpg

“Banking Assistant is a smart banker in your pocket. It runs on mobile phones and tablets, and can understand commands and questions in natural language, written or spoken.
The app allows a bank’s customer to access intelligent information, launch transactions and receive useful advice in the most intuitive and effective way.
Banks can easily integrate the underlying engine in their existing apps and systems.
Banking Assistant is part of Finantix Sharp, a multi-channel platform for digital banking that introduces a fresh and engaging approach to customer interactions.”
Product Launch: February, 2013
HQ: Venice, Italy
Founded: January 1994
Website: finantix.com
Twitter: @finantix
Presenting Alessandro Tonchia (Founder & Director)
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ITSector’s SmartBank TV Offers a Different Way to Access Your Financial Services and Information

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2013, ITSector
This post is a part of our live coverage of FinovateEurope 2013.
Then, ITSector (Sistemas de Informação) 

ITSectorHiLogo2.jpg

launched SmartBank TV:

“SmartBank TV is a product that offers financial services based on the Google TV platform. It is intended to use the global widespread of sales in smart TVs. 

The solution offers a channel for bank customers to access financial services from their TV. The solution offers a different way to receive notifications from their financial provider on the TV, and to access financial services, such as account balance, movements, credit cards and services payments from the TV. It provides a new sales channel for the financial institution with easy process of sale.”

Product Launched: February 2013
HQ: Porto, Portugal with offices in Lisbon (Portugal), Luanda (Angola) and Maputo (Mozambique)
Founded: April 2005
Metrics: €9M in 2012 revenues, 200 employees in 2012
Website: itsector.pt
Presenting João Lima Pinto (Director) and Ricardo Osorio (Senior Software Developer)
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Metaforic’s New Solution Protects Mobile Apps from Unauthorized Changes in Code

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

MetaforicLogo.jpg

Then, Metaforic showcased its security technology that protects mobile apps from unauthorized code changes:

“We have a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define. 

Critically, for financial institutions that have a lot of mobile developments underway, it can be integrated with existing developments at the end of the software development lifecycle, and it is an automatic process not requiring significant developer time or security expertise.”
Product Launch: FinovateEurope 2013
HQ: Glasgow, Scotland
Founded: 2006
Metrics: Metaforic is a 35-person company that has raised over $12M, primarily from VC groups such as SEP, Pentech and the Scottish Government.
Website: metaforic.com
Twitter: @MetaforicLtd
Presenting Douglas Kinloch (VP Business Development) and Ewan Dennis (Sr. Engineer)
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Kalypton Launches Tereon Payment System

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

KalyptonHiLogo.jpg

Then, Kalypton debuted its Tereon payment system:
“Tereon was developed for, and proven at scale by, an African bank. 
Tereon is a complete payment ecosystem that can use EMV, operate a closed loop, or support interoperability. It provides flexible instruction processing, and can use existing core systems and settlement processes, for a secure, end-to-end, business process.
It provides payment service providers with a powerful toolkit for rapid innovation to create stream-of-payment services.
All Tereon services meet stringent standards for regulatory compliance and security. We will demonstrate a four-party deployment, supporting payments from phone to phone, phone to card terminal, card to terminal and online.”

Product Launch: February 2013
HQ: London, UK
Founded: 2006
Metrics: Self-funded to date. Still small with <10 staff
Website: kalypton.com
Presenting Lars Davies (CEO) and Alun Thomas (Head of Business Development)
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