Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News– December 12, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree, Dwolla, HelloWallet, PayPal, Xero

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  • The Wall Street Journal recommends Braintree & PayPal as online payment platforms.
  • Dwolla reports there are more merchants using Dwolla in San Francisco and New York City than there were in Des Moines 1 year ago.
  • Accounting web recommends using Xero to automate business accounting.
  • Mootwin receives 4 million euro in series B funding round.
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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StockTwits Enables Public Companies to Publish News on the Yahoo! Finance Site

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

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Financial communications company StockTwits yesterday announced a new product called Direct that will enable public companies to post new on the Yahoo! Finance Quote page.

“StockTwits Direct allows subscribing companies to publish their most important updates directly to a module on the main “Quote Summary” page on Yahoo! Finance for their ticker symbol. Companies can easily modify or change their updates at any time and access usage metrics through a simple web dashboard within their StockTwits account.”

HP, Intel, Royal Dutch Shell and Yahoo are all currently using the product in order to communicate updates to the public.

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

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Finovate Alumni News– December 9, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, Fiserv, Linkable Networks, MyCyberTwin

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  • San Francisco Chronicle discusses the 700 investors chasing after Dwolla.
  • Fiserv signs Sunrise Community banks for prepaid services.
  • Arizona Business Gazette lists using MyCyberTwin as 1 of 6 effective tools to boost your sales in 2012.
  • Computerworld profiles Linkable Networks.
  • TechCrunch reports founder of Mint.com spends his time inventing a vehicle transit system.
  • StockTwits enables public companies to publish news on the Yahoo! Finance site.
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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mFoundry Receives $18 Million in Capital Investments

By Julie Muhn (@julieschicktanz) Posted on
Categories: MasterCard, mFoundry

mFoundryandMasterCard.jpgOne week after mFoundry formed a partnership with MasterCard, they announced an $18 million investment from MasterCard, along with Intel, FIS, and Motorola Mobility:

“The capital will be used to fund the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators. mFoundry will also use the proceeds to support the expansion of their existing and profitable mobile banking business.”
mFoundry will continue to work closely with FIS on mobile banking opportunities, but will also work with MasterCard, Intel, and Motorola Mobility on payments innovations.
To learn more about mFoundry and MasterCard, watch mFoundry’s FinovateFall 2010 demo and MasterCard’s FinovateFall 2011 demo.

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Bill.com Secures $15.5 Million in Series D Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com

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Online invoicing startup Bill.com announced a new round of $15.5 million in Series D funding today, boosting the total raised to $40 million:

“The financing round included new investor Financial Partners Fund (FPF), a unit of Citi Capital Advisors, and existing Bill.com investors including DCM, Emergence Capital Partners, August Capital, Jafco Ventures and Total Technology Ventures. Bill.com will use the additional capital to scale operations in support of continued customer growth and for product development and marketing purposes.”

The company also shared some growth figures for 2011:

    • Grew over 300% 
    • Added tens of thousands of vendors and customers to its network 
    • Currently holds over $3 billion under management

To learn more about Bill.com, watch its FinovateSpring 2011 demo.

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Finovate Alumni News– December 8, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Enloop, InComm, Prosper, Zopa

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  • The Ecologist recommends Zopa as a source for a P2P loan.
  • Western Union signs agreement with InComm to expand its GoCash service.
  • TechCrunch explores enloop’s business plan creation platform.
  • Good Financial Cents reviews Prosper.
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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Expensify Lists Growth Figures

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

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Earlier this morning, Expensify CEO David Barrett published some interesting statistics about the startup’s growth.

    • Processing over $2 million in expense reports daily
    • Used by more than 90,000 organizations spanning 700,000 users, up 8% from 650,000 a month ago

Accomplishments in November:

    • The site streamlined for individuals and contractors
    • Direct deposit reimbursement expanded to all 50 states in the U.S.
    • New central-admin and advanced accounting features added
    • New Yammer integration launched
    • Won the “Judge’s Choice” award at Under the Radar 2011
To learn more about Expensify, watch its FinovateSpring 2011 demo.

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ID Theft 911 Chosen to Offer Data Breach Services to Safeonline LLP

By Julie Muhn (@julieschicktanz) Posted on
Categories: IDTheft 911

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Identify protection company ID Theft 911 announced today that Safeonline LLP has chosen to provide data breach services to its customers:

“In response to the growing need for businesses to protect themselves from data breaches, Safeonline LLP is providing Identity Theft 911 expertise to cyber liability policyholders to help minimize the chance of a breach and better safeguard personally identifiable information.”

In addition to this coverage, the package will also include online tools and resources.

To learn more about Identity Theft 911, watch its Finovate 2007 demo. 

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Finovate Alumni News– December 7, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma, Credit Sesame, Expensify, FeeFighters, Hidden Levers, IDTheft 911, Kabbage, MyCyberTwin, ProfitStars

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  • Credit Union National Association reports ProfitStars’ service helps FIs support energy markets.
  • Lifehacker recommends visiting Credit Karma or Credit Sesame to view your credit score for free.
  • Computerworld takes you behind-the-scenes with MyCyberTwin’s AI technology.
  • Kabbage joins the X.commerce Global Ecosystem.
  • ID Theft 911 chosen to offer data breach services to Safeonline LLP.
  • MyBankTracker explores how FeeFighters cuts payment processing fees for merchants.
  • Expensify lists growth figures.
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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Zecco Unveils its New Trading Center

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

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In an effort to provide the best value in online trading, Zecco unveiled its new Trading Center today. 

The upgrade includes:

    • Extended hours trading
    • Conditional orders
    • Pre-configured options trading strategy

The user interface displays charts, balances, quotes in real time, and a trade ticket to help users act on investment decisions in a timely manner.

It is also preparing ZeccoUX.jpgfor the release of iPhone and Android apps.

To learn more about Zecco, watch its FinovateStartup 2008 demo.

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Credit Unions See Positive Results From Mortgagebot’s PowerSite Technology

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

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Yesterday CU Members Mortgage and its partners highlighted the benefits from using Mortgagebot’s PowerSite application technology:

“Its easy-to-use interface, coupled with error-free automation, helps credit unions increase value exponentially despite the industry’s many variables.”

It also announced significant results. In the two months since the launch, CU Members Mortgage and its partners have seen faster loan processing along with a conversion rate of 65%.

To see PowerSite in action, watch its FinovateFall 2010 demo.

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SavvyMoney (Formerly DebtGoal) Launches New Site, Adds Jean Chatzky to Team

By Julie Muhn (@julieschicktanz) Posted on
Categories: DebtGoal, SavvyMoney

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Yesterday, debt assistant SavvyMoney.com (formerly DebtGoal.com) announced the launch of its rennovated website:

“The new site has been launched to assist those dealing with this financial burden and the mounting stresses associated with debt. SavvyMoney.com offers unique, “do-it-yourself” products and services that help consumers organize their debt and set realistic pay-off goals, as well as providing advice on which accounts to pay off first to make the greatest impact.”

It also announced that Jean Chatzky has joined the SavvyMoney team to serve as its Director of Education.

To learn more about SavvyMoney.com, watch its FinovateSpring 2010 demo.

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