Author: Julie Muhn (@julieschicktanz)

MoneyDesktop Acquires MoneyReef

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

MoneyDesktopLogoSm.jpg

PFM MoneyDesktop announced this morning that it has acquired MoneyReef, a financial mobile app development company. This is MoneyDesktop’s second acquisition in 8 months.

As part of the acquisition, the MoneyReef design will be incorporated into MoneyDesktop’s PFM platform, which will enhance the mobile experience for the clients of its 300+ financial institutions. In addition, the MoneyReef team will be joining MoneyDesktop.

The terms of the deal were undisclosed.

MoneyDesktop also noted that the iPad app it demoed at FinovateSpring will be available in the next month or so.

To learn more about MoneyDesktop, watch its FinovateSpring 2012 demo and come to FinovateFall next month to check out their new demo.

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Finovate Alumni News– August 2, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, IDTheft 911, Klarna, SigFig
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBanno’s new solution eases cross-channel headaches for FIs.
  • Virtual Piggy’s kid-friendly online payment platform.
  • ID Theft 911 partners with Cincinnati Insurance Company.
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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Virtual Piggy’s Kid-Friendly Online Payment Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: Virtual Piggy

Thumbnail image for Thumbnail image for VirtualPiggyLogo1.jpg

At FinovateSpring this year, Virtual Piggy took the stage to demo its online payments platform made for consumers under the age of 18. We wanted to check it out, so we signed up for an account.

Overview

    • Headquartered in Hermosa Beach, CA
    • Founded in 2008
    • Publicly traded company (VPIG)

Merchants

Over 35 merchants have signed on with the Virtual Piggy platform, including:

MerchIMG.jpg

Product Highlights

1. Account dashboards
The parent’s homepage displays 5 categories:

  • Payment Accounts
  • Child Profiles
  • Guest list
  • Merchant list
  • Reports

There is also an Alerts section highlighting items that need attention.

VPDashboard23.jpg

The child’s homepage is much simpler, and displays a dashboard that details:

    • Spending
    • Saving
    • Giving
    • Wishlist
VPChildDashboard.jpg

2. Child settings
Parents customize an account for each child and select details, such as:

  1. Limits on transaction dollar amount
  2. Allowed merchants
  3. Parent approval requirement
  4. Savings requirements

VPChildProfile.jpg

3. Making a Purchase
When a child adds an item to the cart and is ready to checkout, they simply select the Virtual Piggy icon.

VPCheckout42.jpg

Next, the child is prompted to enter their username and password to login, then confirm the purchase. Since the parent already entered payment and shipping information, shipping is automatically calculated.

VPCheckout3.jpg

What’s New

Since demoing at FinovateSpring, Virtual Piggy began supporting monthly subscription payments. With this update, teens and tweens can purchase subscriptions within games and other online digital media services by using their Virtual Piggy accounts.

To learn more about Virtual Piggy, watch its FinovateSpring 2012 demo.

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Klarna Teams Up with We Do Commerce

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

Thumbnail image for klarnaLogo.jpg

European payment solutions company Klarna announced today that it teamed up with We Do Commerce, a Pennsylvania-based e-commerce development firm.

The two will join forces to bring Klarna’s solutions to We Do Commerce’s North American customers who do business with countries where Klarna operates.

Because most of We Do Commerce’s clients are on Demandware and Magento ecommerce platforms, Klarna built integrations into both platforms to facilitate merchant adoption.

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

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Banno’s New Solution Eases Cross-Channel Headaches for FIs

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, T8 Webware
Thumbnail image for BannoLogo3.jpg

Today, mobile app and website provider,Banno (formerly T8 Webware), announced that all websites it develops will be optimized for any type of device, regardless of screen size.

Its new, responsive design format offers a single URL that reacts to screen sizes of online, mobile, and tablet devices. This device agnostic approach will help FIs prepare for multi-channel banking.

The new websites also save time on updates:

“Furthermore, the websites now have a live data feed that updates rates based on predetermined formulas, assuring that accurate rates are published across channels instantaneously without the man hours of monitoring and making adjustments previously required.”

Banno also introduced dynamic website content. With this feature, the content that users see will change depending on the user’s historical searches, clicks and preferences.

To learn more about Banno, watch its FinovateFall 2011 demo and come to FinovateFall next month to check out its new tech.

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Finovate Alumni News– August 1, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, Kabbage, Kony Solutions, LearnVest, MiiCard, ReadyForZero, ShopKeep POS, Simple, Tuition.io
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInc. Mag features ReadyForZero & Tuition.io as tackling the student debt crisis. Check out Tuition.io at FinovateFall.
  •  Orlando Sentinel reports Kony Solutions is on cutting edge of app development.
  • The Chicago Tribune reports Braintree to add 150 jobs.
  • Check out Q2 funding for Finovate alumni: over $120 mil raised.
  • ReadyForZero begins Smart Money Debate series.
  • Netbanker reports: Bank Simple Innovations #1 & #2: Demo Mode After Login.
  • MiiCard names RBS tech veteran Stephen Brannan chairman.
  • BostInno features LearnVest. Come see LearnVest’s new fintech at FinovateFall in NYC next month.
  • Beloit Daily News looks at how 2 local businesses are using ShopKeep POS.
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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Second Quarter 2012 Funding for Finovate Alumni: Over $120 Million Raised

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Arroweye Solutions, Cartera Commerce, Credit Sesame, DoughMain, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SecureKey, SoMoLend, Yodlee

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This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.

Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.

Here’s the quarter 2 summary for 2012:

April — $2.5 million raised by 1 company

May — $55.5 million raised by 5 companies

June — Over $62 million raised by 8 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to julie@netbanker.com and we will add it.

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Finovate Alumni News– July 31, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check Point, Kasasa, Lending Club, MoneyDesktop, SecureKey, SoMoLend, Stocktwits, Xero
  • SecureKey named eastern Canada’s winner of contest hosted by UK Trade & Investment. See its live demo at FinovateFall in September.
  • American Banker reports Park State Bank clients now have access to MoneyDesktop’s PFM.
  • Kasasa accounts have brought $55 million in interest to over 306k account holders at credit unions and community banks nationwide.
  • SecureKey wins one of three inaugural Secure Development Awards from Veracode.
  • Mashable reports StockTwits CEO ‘Disappointed’ With Twitter’s Cashtags.
  • Lending Club appoints former Visa & Morgan Stanley Executive, John MacIlwaine as new CTO.
  • Small Business Trends reports Xero makes changes to improve cloud-based accounting software.
  • Check Point Software launches new appliances for Sri Lanka.
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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SoMoLend and CircleUp Form Partnership

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

Thumbnail image for SoMoLendLogo.jpg

SoMoLend, a platform that connects small business borrowers with investors, today announced a partnership with CircleUp, an equity-based lending platform.

The purpose of the partnership is to help small businesses find a source of capital that is tailored to meet their needs. Because SoMoLend supports micro-loans, while CircleUp facilitates equity investments, businesses will be able to choose from a wider variety of funding options.

The companies will also benefit from sharing information, best practices, and joint education efforts.

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

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StockTwits Integrates with Chart.ly

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

StockTwitsLogo4.jpg

StockTwits, a social platform for the investing community, announced late last week that it has integrated social charting service, Chart.ly, onto its platform. StockTwits purchased Chart.ly back in 2009, but this is the first integration of its capabilities.

The integration enables users to easily upload charts and record screenshots by using the Include Media button.

STChart.jpg

It also makes it easy for members to search, view, and share the charts and videos, and even has the capability to filter for charts and screencasts on the StockTwits stream.

STStream.jpg

Upon clicking the chart or video, users can see a larger view where they can zoom in and comment.

STVideo.jpg

Because all Chart.ly functionality has been ported to StockTwits, the Chart.ly site now redirects to StockTwits.

To learn more about StockTwits, watch its FinovateEurope 2011 demo.

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Finovate Alumni News– July 30, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, Backbase, Boku, peerTransfer, Simple, Virtual Piggy, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy integrates its youth payment system into Arbor Collective’s ecommerce operations.
  • AcceptEmail featured in The E-invoicing Market Guide 2012.
  • BOKU receives A+Trust rating from the Better Business Bureau.
  • Barnard College partners with peerTransfer to streamline international education payments.
  • Simple begins on-boarding customers, loses CTO Alex Payne.
  • Xero reaches 100k paying customers, discloses additional metrics.
  • Tinkoff Credit Systems launches new online banking on Backbase.
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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Xero Reaches 100k Paying Customers, Discloses Additional Metrics

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

Thumbnail image for XeroLogo.jpg

New Zealand-based cloud accounting software company, Xero, recently held its annual meeting where it released some interesting metrics and announced it has reached 100k paying customers.

Here’s a summary of what it disclosed:

    • While it took 5 years to reach its first 50k paying customers, it took only 10 months to acquire the second 50k paying customers
    • Its annualized committed monthly revenue had increased to $34.5 million, up from $25.5 million at the end of March 2012
    • It is considering a dual listing on the Australian Security Exchange (ASX) to facilitate Australian shares purchasing

To learn more about Xero, watch its FinovateSpring 2011 demo.

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