Author: Julie Muhn (@julieschicktanz)

The Currency Cloud Closes $3.1 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: The Currency Cloud

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Cloud-based currency conversion startup, The Currency Cloud announced a round of $3.1 million (£2 million) from Notion Capital yesterday.

This comes after a $4 million (£2.5 million) round from Atlas Venture and the Anthemis Group in March of this year, bringing the London-based startup’s total funding up to $7 million.

As a part of this investment round, Notion Capital partner, Jos White will join Sean Park from Anthemis and Fred Destin from Atlas, on The Currency Cloud’s Board.

To learn more about The Currency Cloud, come to FinovateFall 2012 in New York to watch its live demo. Get your ticket here.

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Finovate Alumni News– July 13, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: ImpulseSave, Kabbage, Stokr, The Currency Cloud, TradeKing
  • Huffington Post features ImpulseSave. Come see their live demo at FinovateFall September 12 and 13.
  • SmartStops BrokerLink Service available to TradeKing Clients.
  • The Currency Cloud closes $3.1 million in funding. Come see its live 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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Wipit and Punchcard Form Partnership

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

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Cash-based mobile payments solution, Wipit, announced today that it has partnered with Punchcard, a local shopping app through which users can earn rewards.

Wipit will enable businesses using Punchcard to accept cash payments and will allow mobile consumers toPunchCardLogo2.jpgreceive loyalty rewards and make in-app or online purchases using cash.

Richard Kang, Wipit CEO, hopes the partnership will introduce new ways for businesses to engage with Wipit users.

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

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Finovate Alumni News– July 12, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, CoverHound, Geezeo, Mortgagebot, planwise, Wipit
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTwo Guys and Your Money podcast features Planwise.
  • Business Insider reviews BillGuard.
  • University FCU & Bank of Lake Mills deploy the Mortgagebot front-end POS automation.
  • Geezeo adds 4 credit unions.
  • 2 Minute Finance receives a demo of CoverHound’s technology at FinovateSpring.
  • Wipit and Punchcard form partnership.
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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CashStar Receives $5 Million in Funding

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

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Today digital gifting company, CashStar, announced a $5 million round of funding. Intel Capital led the round, followed by:

    • Passport Capital
    • FTV Capital
    • Steven Boal, Co-founder and Chairman of CashStar, and president and CEO of Coupons.com 

This installment brings the Portland, Maine-based company’s total funding to over $26 million.

CashStar will use the funding to expand its focus in mobile and social media.

To learn more about CashStar, watch its FinovateFall 2011 demo.

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Continuity Control Reels in $2.25 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Continuity Control

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Community FI compliance expert, Continuity Control, announced a round of $2.25 million in funding yesterday, along with some news about growth.

The round of funding, which Continuity Control CEO and founder hopes will be the last it will need, came from Connecticut Innovations and several angel investors.

It comes after a $1.1 million round in July 2011, and a $2.1 million round in 2010.

The Connecticut-based company will use the round to expand the company’s support and sale infrastructure for growth.

In preparation for growth, Continuity Control is expanding to an office space that is 4 times the size of its current location.

To learn more about Continuity Control, watch its FinovateSpring 2010 demo.

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Finovate Alumni News– July 11, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Acculynk, Braintree, CashStar, Continuity Control, Kabbage, peerTransfer, ProfitStars, Silver Tail Systems, T8 Webware
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKabbage to provide Monsoon Commerce customers $20 million in capital.
  • T8 Webware changes name to Banno.
  • Paul Farmer joins Silver Tail Systems as CFO.
  • BofA to provide Acculynk’s PaySecure to enable PIN debit payments online.
  • peerTransfer now supports Indian Rupee and 36 new partner schools.
  • Angry Birds creator selects Braintree’s payments platform.
  • Continuity Control reels in $2.25 million in funding.
  • CashStar receives $5 million in funding.
  • Farm Credit Services of Mid-America selects ProfitStars for ALM reporting.
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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T8 Webware Changes Name to Banno

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, T8 Webware

BannoLogo3.jpg

Iowa company, T8 Webware, announced today that it has changed its name to Banno to reflect the company’s broadened focus on the digital channel.

It will be expanding beyond its first product, Grip (unveiled at FinovateFall 2011), and has plans to release additional products in the next 6 months.

Banno is not only growing its suite of solutions, but also its staff. In 2011, its number of employees grew by almost 30% and it plans to add over 20 employees in the next three years.

The unique name, Banno, comes from the imaginary friend of CEO Wade Arnold’s son:

“During a conversation of trying to figure out finances, Arnold’s son suggested he ask Banno, his imaginary friend. Asking Banno became the driving force behind Arnold’s passion to solve financial problems.”

This story illustrates the drive to have a clear understanding of finances and Arnold says its what drives the company.

BannoHomepage.jpgTo learn more about Banno, watch its FinovateFall 2011 demo.

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Kabbage to Provide Monsoon Commerce Customers $20 Million in Capital

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

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Kabbage, a startup that provides working capital to small businesses, announced today it has partnered with Monsoon Commerce, an e-commerce solutions company.

Through this partnership, Monsoon Commerce customers will have access to Kabbage’s funding solution, and hundreds of them have already been pre-approved for a total of $20 million in funding.

Monsoon Commerce customers plan to use the funding for:

    • Pre-buying inventory to prepare for the holiday season
    • Expanding their marketing programs
    • Upgrading technology 
    • Expanding staff and resources

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

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Finovate Alumni News– July 10, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancBox, Cachet Financial Solutions, Diversinet, Fiserv, Lending Club, Mitek, MOOTWIN, PayNearMe, Portfolio Football, Q2ebanking, Wall Street Survivor, Zopa
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBinary Now begins accepting PayNearMe payments from customers without credit card.
  • Mootwin drives BNP Paribas Group’s new iPad economic news app.
  • Mitek hires former Green Dot CTO, Michael Strange, as CTO.
  • Fiserv appoints Dennis Lynch to Board of Directors.
  • Diversinet appoints Bret Jorgensen as Chairman of the Board.
  • Tradestreaming names Wall Street Survivor app of the week.
  • Cachet Financial launches Merchant RDC Tablet Solution.
  • Lending Club wins AlwaysOn Global 250 Award for third consecutive year.
  • Wiltshire business looks at positive returns from Zopa.
  • Q2ebanking opens office in Atlanta to support growth.
  • 2 Minute Finance gets a demo from Portfolio Football.
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 9, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: HelloWallet, Outright.com, ProfitStars, Rebirth Financial, TASCET, Tradeshift
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechCrunch reports HelloWallet brings its PFM to Android.
  • Tradeshift announces Supplier Choice Movement.
  • TASCET uses Financial ICONN technology to mitigate tax return fraud.
  • Timesfreepress.com features Rebirth Financial.
  • ProfitStars recognized as 2012 Microsoft ISV-Windows Azure Partner of the Year.
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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Tradeshift Launches Fast Track, a Bundled Invoicing Package

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

Thumbnail image for TradeshiftLogo.jpg

Today, online invoicing company, Tradeshift announced the release of Fast Track, a low cost option for businesses who want to launch Tradeshift quickly.

Fast Track is a bundled invoicing package that enables businesses to do the following:  

    • Onboard an unlimited number of suppliers 
    • Exchange 25,000 documents per year
    • Allow suppliers to take advantage of CloudScan, a product that eliminates the need for manual input of invoices 

The package is low-risk, and provides the ability to grow and scale with Tradeshift over time.

To learn more about Tradeshift, watch its FinovateEurope 2012 demo.

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