DoughMain Receives Funding from Iacocca Family Capital, Acquires Allowance-Plus

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Financial education site, DoughMain, announced earlier this week it received an investment from Iacocca Family Capital. This investment marks the New Jersey-based company’s second round of funding since it launched in August 2011.

The undisclosed amount of money will help support the enhancement and expansion of DoughMain’s platform.

In unrelated news, DoughMain also announced it acquired Allowance-Plus, a site with a similar focus on financial education.

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

Finovate Alumni News– June 28, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Bank Of Marion selects Continuity Control for compliance platform.
  • Des Moines Register reports Inc. Magazine names Dwolla’s Milne to 2012 30-under-30 list.
  • Deutsche Card Services and AcceptEmail sign partnership.
  • Bill.com announces its cash mgmt feature that completes the Cash Flow Command and Control System.
  • Programmable Web considers Confident Technologies’ approach to security.
  • Wall Street Survivor launches to the public.
  • Billeo launches ZipThru Pay and ZipThru Buy to make bill payment and shopping even easier.
  • Jingit hires Tom Venable as the company’s Vice President of Revenue.
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.

Billeo Launches ZipThru Pay and ZipThru Buy to Make Bill Payment and Shopping Even Easier

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Shopping and billpay platform, Billeo, announced two new services yesterday, ZipThru Pay and ZipThru Buy. With these new features, the California-based company aims to simplify and speed up the online shopping and bill pay experiences.

ZipThru Pay

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Enables financial institutions and card issuers to place a pay now button on an online bill payment platform or in a mobile app. 

Without leaving the app or website, consumers can pay their bills using their credit, debit, or prepaid card in one click and receive confirmation information.

ZipThru Buy

Enables any website or app that features products from multiple merchants to place a buy 

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now button next to products being displayed. Websites where ZipThru Buy may be useful include:

    • Online marketplaces
    • Comparison shopping engines
    • Reward malls
    • Pinterest

Without leaving the shopping site, consumers can purchase the item in only two clicks and receive all confirmation information.

Both services can be integrated into any new or existing website or app using Billeo’s API.

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

Finovate Alumni News– June 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCU Times reports T8 Webware expanding, expects to add 20 employees to its staff of 60.
  • Cachet FS and Sharetec Systems partner to provide mobile deposit capture to credit unions.
  • Geezeo signs URW Community FCU.
  • ProfitStars announces that 100+ banks have selected its Gladiator Enterprise NetTeller Security Monitoring solution since June 2011.
  • Fins Sales & Marketing looks at Cartera Commerce as Groupon’s new competitor.
  • CU Times reports on how Kabbage uses social media to give cash advances.
  • ReadyForZero unveils 4 new resource centers for financial guidance.
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– June 26, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy’s platform now supports subscription payments.
  • Arroweye Solutions secures $3 million in funding.
  • Reamstown Mutual Insurance partners with ID Theft 911 to provide ID theft protection to policyholders.
  • Gigaom reports StockTwits relaunches with focus on real-time, curation.
  • Virtual Piggy announces agreements with Spyder Surf & Tahoe Mountain Sports.
  • Intiut ranks number 40 on the 2012 Computerworld 100 Best Places to Work in IT.
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.

Virtual Piggy’s Platform Now Supports Subscription Payments

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Virtual Piggy, whose technology enables children to safely make purchases online, announced last week that it now supports subscription payments.

With the new subscription model, Virtual Piggy supports users who want to pay subscription fees on a regular basis (usually monthly). Parents can even set the monthly payments to come out of their kids’ online allowance.

Fanlala, an online pop culture destination for tweens and teens, will be one of the first companies to implement Virtual Piggy’s subscription model. Users will be able to pay for subscription music and gaming services through Virtual Piggy’s online payment platform.

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

Finovate Alumni News– June 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple’s Safe to Spend balance feature.
  • Money Week discusses non-traditional banking methods such as Zopa and Wonga.
  • Radware and Check Point Software Technologies form partnership.
  • miiCard wins “Technology Innovation in Financial Services” at the 2012 Digital Technology Awards.
  • Mint.com partners with Zillow to give users home valuation reports.
  • Monitise seeks Bankers for possible LSE switch.
  • Mobile Payments Today reports Dwolla is out to change the way money moves.
  • Bill.com wins Stevie Award for customer service.
  • Russian NOMOS-BANK launches Figlo Platform for its premium banking customers.
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.

BancBox Launches Payment Platform to Public

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Earlier this week, payment services platform, BancBox launched its new platform. While still in private beta, BancBox signed up 6 customers, including:

    • Giftly
    • ReadyForZero
    • CFTPay

In fact, it uses its own payments platform to process its payments.

TechCrunch reports on the startup’s future plans:

“In a few months, BancBox will roll out a prepaid debit card option in partnership with Discover, which will allow a mobile app to create a debit card on the fly. The virtual debit card can be then be scanned via QR code at checkout. (Customers can still swipe its plastic counterpart at more traditional merchants, however.)”

Here’s the pricing structure:

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

Finovate Alumni News– June 22, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider reports on Expensify’s growth.
  • Financial Post covers FutureAdvisor.
  • Commerce Bank partners with Affinity Solutions & Affinion loyalty group.
  • eArticles names eToro the leading broker in Australian forex trading.
  • WSJ Live reports LearnVest plans to use web tech & phone consults to help users develop financial plans.
  • Mobile Apps Showdown profiles Personal Capital.
  • Volly selects ProfitStars for online payments.
  • Monitise chosen to launch new mobile banking service for Co-operative Bank.
  • Business Insider names Mint and Personal Capital 2 finance apps you can’t live without.
  • BancBox launches payment platform to public.
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– June 20, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg2 Minute Finance interviews TIO Networks at FinovateSpring.
  • 2 Minute Finance interviews Flint Mobile at FinovateSpring.
  • Check Point provides FXCM with integrated network protection.
  • IND Group’s technology initiates the world’s first Facebook money transfer.
  • Kashoo named most promising startup at 2012 BCTIA Technology Impact Awards.
  • DCisions awarded an Australian patent for business method.
  • SmartyPig, Social Money’s goal-based savings product, increases its interest rate to 1% APY.
  • TechCrunch reports PayPal rolls out a touch-friendly website redesign.
  • US News lists Buxfer, YouNeedABudget, Pennyminder, Yodlee, Geezeo, Mint as personal finance tools you should use.
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.

Nutmeg Receives $5.3 Million in Funding from Pentech, Tim Draper, and Others

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Online investment management tool, Nutmeg, announced today that it has received $5.3 million (£3.4 million). 

Investors include:

    • Pentech
    • Daniel Aegerter (Swiss chairman of Armada Investment Group)
    • Tim Draper (an early investor in Skype in Europe and other notable startups)
    • Klaus Hommels (on Spotify’s board)

The startup will use the funds to help prepare for its UK launch later this summer.

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