- “Record September originations of $7.4 mil, up almost four-fold from $2.0 mil last year
- 11% compounded monthly growth rate over the last 12 months
- Currently, providing a 10.7% “seasoned return” to investors
- Actual annualized loss rate of 5.5%, beating forecast loss rate of 7.1%
- High credit-quality consumer loans: 737 average Experian Scorex PLUS credit score for first-time Prosper borrowers.”
Author: Julie Muhn (@julieschicktanz)
Finovate Alumni News, October 21, 2011
After being acquired by Taulia, billFLO announces its services will be shutting down Dec 1, 2011.
- Fox Business News mentions ChargeSmart’s mortgage payment solution.
- DoughMain explains how to ease children’s financial fears.
- Business Insider uses BillFloat and Prosper.com as examples of alternative financing companies.
- Dwolla now integrated with Active Merchant for use in Shopify.
- Weemba seeks to help with cash-flow issues during the holiday season.
- Prosper’s September volume is four times larger than 2010.
Finovate Alumni Website Traffic in August
- Seeking Alpha — the most-trafficked in August with 2.5 million unique visitors — also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
- Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
- Betterment had the highest percentage growth year-over-year, up 88x.
- Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million.
Finovate Alumni News– October 20, 2011
- FreeMoneyWisdom blog interviews Jon Stein, Betterment CEO.
- Silicon India Startup blog lists Expensify as a good app for busy CEOs.
- National Review Online holds BankSimple up to Richard Bronson’s new ethics initiative.
- Bremer Bank to add CheckFree RXP from Fiserv.
- Yaron Samid of BillGuard & Jon Stein of Betterment to show how their products help solve #occupywallstreet issues.
- Check out Finovate Alumni Website Traffic in August.
- mFoundry & SecondMarket Hit Deloitte’s 2011 Technology Fast 500 list.
mFoundry & SecondMarket Hit Deloitte’s 2011 Technology Fast 500 List
BillGuard Receives $10 Million in Series B Funding
Yesterday, TechCrunch covered BillGuard’s new round of funding:
“Khosla led the round, a $10 million series B. Other investors include Founders Fund, Eric Schmidt’s Innovation Endeavors, Bessemer, IA Ventures, Saul Klein, and Joe Lonsdale. The startup raised a $3 million series A in February, 2011.”
Finovate Alumni News– October 19, 2011
MyBankTracker.com covers the FinovateFall Best of Show videos.
- American Banker discusses the effects that PayPal and BankSimple will have on bank branches.
- InComm named Leading Prepaid Organization and Best Prepaid Product Distributor at 2011 Prepaid Awards.
- Dynamics wins Best of Show at 2011 BAI Retail Delivery Conference for its next-gen magnetic stripes.
- Des Moines Register reports that Ben Milne, Dwolla CEO is to present at the Thinc Iowa event.
- T8 Webware to provide Call FCU with a custom website.
- A+FCU launches BillShrink: Statement Reward.
- Prosper provides even better rate discounts for repeat Prosper borrowers.
- BillGuard receives $10 Million in Series B funding.
Finovate Alumni News– October 18, 2011
TSYS signs payments agreement with Imperial Bank.
- The Baltimore Sun mentions BillFloat & Prosper.com as two companies that are assisting cash-strapped consumers.
- LearnVest launches LV Mom’s Newsletter & 2 new products: Baby On Board Bootcamp & LV Discussions.
- Weemba gives small businesses simple, direct pipeline for raising financing pre-holiday season.
- Morningstar recommends CheckFree to help control your bills by setting up automatic payments.
- Continuity Control buys Compliance Services Group of Iowa & Kirschler Peterson & Associates of Atlanta.
- Crain’s New York Business.com mentions BillGuard, BankSimple, Betterment, SecondMarket, On Deck Captial & Plastyc.
- Jemstep launches out of beta to offer custom investment advice & guidance.
Jemstep Launches Out of Beta to Offer Custom Investment Advice & Guidance
Jemstep launched an investment guidance and management service to the public today. The purpose of the free service is to help investors better control their financial future:
“Three years in development, the company’s patented investment evaluation technology analyzes more than 20,000 mutual funds and exchange-traded funds (ETFs) to identify the best investment options based on each investor’s unique goals and preferences. Data-driven, unbiased and transparent, Jemstep’s recommendations enable investors to decide what to buy, what to sell and what to keep.”
Jemstep CEO Michael Blumenthal describes the new service as personalized, objective, and actionable.
To learn more about Jemstep, watch its FinovateSpring 2010 demo.
Q2ebanking Partners with Unwired Nation to Expand Its Mobile Banking
Last week, Austin-based Q2ebanking announced that it partnered with Unwired Nation, a company that provides mobile apps as a service.
“The enhanced offering is set to enable financial institutions to reach retail and business customers via multiple mobile channels and devices. Under terms of the agreement with Unwired Nation, Q2ebanking is to expand its ability to deliver mobile banking apps, making them available for both Android and iPhone users.”
To learn more about Q2ebanking, watch its FinovateSpring 2011 demo.
Finovate Alumni News– October 17, 2011
GCS Federal Credit Union selects Geezeo to provide PFM service.
- eToro Blog increases number of daily posts.
- T8 Webware presents Thinc Iowa Opening Party Oct. 20.
- Clairmail wins BAI Mobile Pace Setter Award.
- Silver Tail Systems is selected as a SINET 16 Innovator.
- CarryQuote wins prestigious 2011 Bully Award.
- Everything Finance Blog reviews Prosper.com.
- Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
- Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
- T8 Webware signs 14 bank customers to its Grip Platform.
- FinovateFall 2011 demo videos are now posted!
- Lighter Capital CEO Andy Sack guest-posts about
revenue-based financing on AVC blog.
- Q2ebanking partners with Unwired Nation to expand
its mobile banking.
T8 Webware Signs 14 Bank Customers to Its Grip Platform
“Grip presents users with a consolidated view of their finances, including a dashboard of available cash and credit, across all aggregated accounts. It also mines aggregated transaction data for possible bank cross-sell opportunities.”