Alumni News– October 7, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Blockchain, Boku, Credit Karma, Expensify, FutureAdvisor, InComm, Matchi, Spreedly, TIBCO Software, Tradeshift, WallStreetSurvivor, Wonga
  • Finovate-F-Logo.jpgMatchi opens global fintech challenge 
  • New Frontier Group to integrate BehavioSec’s behavioral authentication solution in online banking.
  • Boku acquires competitor Mopay, now covers 5 billion users.
  • BBC: Wonga to write off £220m of debts for 330,000 customers.
  • Financial Planning features FutureAdvisor.
  • Tradeshift announces new operations in Japan and Europe, new executive appointments.
  • Merchant Customer Exchange (MCX) partners with InComm to leverage its POS integrations.
  • WallStreetSurvivor.com launches Financial Education Courses.
  • Vista Equity Partners to take Tibco Software private for about $4.3 billion.
  • Expensify announces $3.5 million round led by Barracuda Networks.
  • Blockchain raises $30 million in growth capital.
  • Credit Karma announces equity investment of $75 million; $1 billion valuation.
  • Spreedly announces new investment; raises $750,000 in equity financing.
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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FinovateFall 2014 in the Press

FinovateFall 2014 in the Press
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014
ff2014PressRoom

After FinovateFall late last month, we’ve been monitoring the press and have seen some great coverage.

While the record-breaking crowd travelled back to their offices, the journalists and industry analysts were heads down at their computers, covering the recently unveiled product launches and new technology. Thanks to everyone who covered this event!

We’ll be updating this post as additional press coverage rolls in over the next few weeks.

Here is the press coverage:

ABA Banking Journal 
Developers set strong presence at FinovateFall
by John Ginovsky
Finovate, the place to get noticed
by John Ginovsky
FinovateFall’s “Best in Show” selections
by John Ginovsky
Fintech future featured at NY event
by John Ginovsky
 
Investing, PFM innovations predominate FinovateFall
by John Ginovsky
New payment solutions debut at Finovate
by John Ginovsky
Security solutions locked in at FinovateFall

by John Ginovsky

Link

Aite Group
FinovateFall Recap: New Digital Advisors Make Their Debut 
by Sophie Louvel Schmitt

American Banker
Four Standout Startups at Finovate Day 2
by Penny Crosman
The Seven Strongest Tech Ideas from Finovate, Day One
by Penny Crosman
Bank Innovation
12 High-Flying Demos from Day 2 of Finovate Fall 2014
by Philip Ryan

Recap of FinTech Week in New York
by JP Nicols

Ten Winning Demos from Day 1 of Finovate Fall 2014
by Philip Ryan
Bank Systems & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
Finovate Presenters Deliver on Omnichannel Banking
by Jonathan Camhi
How Will Consumers Pay in the Future? Any Way They Want
by Jonathan Camhi
Must. Kill. Passwords.
by Jonathan Camhi
Barlow Reserach Associates 
Innovation Is Booming
by Donna Arce

Barron’s 
Robo-Advisors Multiply
by Mike Hogan
Beyond the Arc
Financial services innovation: live from Finovate Fall 2014
by Steven Ramirez
Financial technology innovation – Finovate Fall 2014
by Steven Ramirez
Finovate 2014 – the final chapter
by Steven Ramirez
Finovate Day 2 continues from New York
by Steven Ramirez
Fintech Innovation – Live Blog from Finovate
by Steven Ramirez
Innovation in financial services – Finovate Day 2
by Steven Ramirez
Our video blog with an overview of Finovate Fall 2014
by Stev
en Ramirez
Technology and innovation for banks – Finovate Day 1 continues
by Steven Ramirez
Video interview with Finovate founder Jim Bruene on financial innovation 
by Steven Ramirez
Video recap: financial services technology and innovation from Finovate
by Steven Ramirez
Celent
Fintech and the Democratization of Investments
by Will Trout

CNBC
Five ways to get help with your 401(k)
by Beth Pinsker
ConsumerReports.org
How to invest like a billionaire
by Nikhil Hutheesing
New free tool may help you deal with debt collectors
by Tobie Stanger
One way to make money with a stash of cash
by Nikhil Hutheesing
CU Times
Credit Union Finovate NYC Favorites: Onsite Coverage
by Robert McGarvey
Finovate’s Day of More: Onsite Reporting
by Robert McGarvey
Finovate NYC Draws Record Crowd: Onsite Reporting
by Robert McGarvey

Financial Services Club Blog
There is no next big thing … get over it #finovatefall
by Chris Skinner
Finextra
Geezeo unveils white label biz financial management tool
Malauzai bids to bring mobile app experiences to the desktop
Matchi opens global fintech challenge
Top Image Systems launches Google Glass app
Yodlee launches custom API for FIs
Fox Business
One way to make money with a stash of cash
by Nikhil Hutheesing
Forbes
Too Nice To Fail: Can Moral Finance Save Your Bank?
by Dan Simon
6 New Apps And Sites To Manage Your Money
by Richard Eisenberg
FPPad
Finovate Fall 2014 highlights, Advicent Solutions acquires Figlo, and tour the Office of the Future
by Bill Winterberg
FT Adviser
Regional Box
by Simoney Kyriakou
Gigaom
More money, more startups: Once-closed financial industry makes a place for independent entrepreneurs
by Jeff John Roberts
HedgeCo.net
HedgeCoVest Demonstrates New Platform At Finovate New York
Alex Akesson

Kansas City Business Journal
‘Hometown Kansas boys’ Blooom wins best in show at Finovate
by Bobby Burch
OP startup Blooom pitches green thumb for 401(k) management
by Bobby Burch
VC opportunities already begin to bloom for startup
by Bobby Burch

PaymentsViews 
FinovateFall 2014 Day 1
by George Peabody
FinovateFall 2014 Day 2
by George Peabody

Retirement Income Journal
A New Robo-Advisor Eyes the 401(k) Space
by Kerry Pechter 

TechCrunch
With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business
by Ingrid Lunden

The Huffington Post UK
The Path of Financial Innovation
by John Davis
Thinking Bigger
OP’s Blooom Wins ‘Best in Show’ at Finovate Conference
by James Hart
Time
5 Ways to Get Help With Your 401(k)
by Beth Pinsker
Jewish Business News
Biocatch Opens Art Of Fraud Exhibit Online
by Gil Tanenbaum
JPNicols.com
Recap of FinTech Week in New York
by JP Nicols

Kansas City Star Technology
Overland Park financial tech firm Blooom wins big in New York
by Steve Rosen
MoneyMarketing
Holly Mackay: Seven wonders of the fin tech world
by Holly Mackay
Ian McKenna in the US: Digital advice goes mainstream
by Ian Mckenna
Ian McKenna in the US (Pt. 2): What we can learn from the States
by Ian Mckenna
MoneySummit
How All 7 of This Year’s FinovateFall Best of Show Winners Hit the Mark with Innovation and Utility
by Jon Ogden
Next Avenue 
6 New Apps and Sites to Manage Your Money
by Richard Eisenberg
Silicon Prairie News
Kansas City’s blooom takes home Best of Show at Finovate in NYC
by Megan Bannister
St. Louis Business Journal 
PayPal moving toward Bitcoin: TechFlash 7 things
by Brian Feldt
University of Tennessee Daily Beacon
Opinion: Control your capital, conveniently
by Jonathan Martin
Upstart Business Journal
Canadian startup Financeit expands into U.S. market to help merchants give consumer loans
by J Jennings Moss
It’s high school all over again: Bitcoin punks won’t play with the cool kids
by Michael del Castillo
Startup Blooom pitches green thumb for 401(k) management at Finovate
by Bobby Burch
Wall Street & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
The Emergence of Virtual Financial Planners
by Adam Honoré
Modernizing Voice Bond Trading
by Adam Honoré
William Mills Agency Blog
Live Blog at FinovateFall 2014: Day 1
by William Mills III and Steven Ramirez
Live Blog at FinovateFall 2014: Day 2
by William Mills III and Steven Ramirez
FinovateFall Video Interview: Jim Bruene, Owner of The Finovate Group
by Steven Ramirez
FinovateFall Video Interview: Jonathan Rowe, CMO of nCino
by Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Morning
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Afternoon
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 2 Morning
by William Mills III and Steven Ramirez

Did we miss anything? Please send a link to the FinovateFall coverage to julie@finovate.com and we’ll incl
ude it.

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Spreedly Announces New Investment; Raises $750,000 in Equity Financing

Spreedly Announces New Investment; Raises $750,000 in Equity Financing
By David Penn Posted on
Categories: Spreedly
Spreedly_hi_res_FS2014

According to a report from the Triangle Business Journal, credit card vault in the cloud, Spreedly has raised another $750,000 in equity funding.

The Journal’s report is based on a review of a recent SEC filing by Spreedly. The report adds that a single investor is listed in the filing.

Spreedly’s most recent funding was from a $500,000 venture round in January. With previous equity investment of $1.3 million according to Crunchbase, this latest infusion brings Spreedly’s total capital to just north of $2 million.
SpreedlyHome
Spreedly serves 71 gateways and 82 countries as of October 1. The company processes more than 160,000 successful credit card transactions a month, producing between $15 and $20 million in top line revenue. Its solutions make PCI compliance easier, help companies develop their own recurring billing programs, and eliminates revenue lost by out-of-date cards by automatically updating all cards on file.
Based in Durham, North Carolina, Spreedly was founded in 2008. Justin Benson is CEO. See the company launch its Payment Method Distribution & Card-on-File Updater solution at FinovateSpring 2014 here.

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Yodlee Goes from Award-Winning APIs to Market-Pleasing IPO

Yodlee Goes from Award-Winning APIs to Market-Pleasing IPO
By David Penn Posted on
Categories: Yodlee

Thumbnail image for YodleeLogo2012.jpg

You’ll have to forgive us for thinking last Tuesday that winning one of the first FinDEVr awards would be the highlight of Yodlee’s week.

Yodlee’s much-anticiptaed initial public offering launched on Friday. With 6.25 million shares priced at $12, YDLE opened at $16.20 on the Nasdaq and rallied to a mid-day high of $17.97, before finishing the session at $13.44.

YodleeHomepage_YDLE
Yodlee raised $75 million through the IPO. As part of the offering, underwriters have 30 days to purchase as much as 937,500 additional shares. The company has a market capitalization near $400 million.
Courtesy of TheStreet.com, here’s a video interview with Yodlee CEO Anil Arora discussing the company’s market debut.
AnilAroraCEOYodlee
Yodlee leverages thousands of data points and its unique cloud platform to power a digital financial ecosystem of API, PFM, money movement, data and wealth management solutions that includes some of fintech’s most innovative companies, from BillGuard and LearnVest to Personal Capital and Xero. More than 750 organizations use Yodlee’s technology, reaching millions of consumers.
Yodlee was founded in 1999 and is headquartered in Redwood City, California. A multiple Finovate Best of Show winner (FinovateFall 2013, FinovateAsia 2014), Yodlee also won honors at FinDEVr San Francisco 2014. The company joins Q2 and Cachet Financial Solutions in going public this year, with Lending Club having filed for its IPO back in August.

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Alumni News– October 6, 2014

By David Penn Posted on
Categories: ACI Worldwide, Insuritas, Klarna, MasterCard, PayStand, SmartyPig, Social Money, Yodlee
  • Klarna partners with Digital River; brings Klarna Invoice’s online payment solutions to 7 European countries.
  • ACI Worldwide enters strategic partnership with Shaw Systems.
  • PayStand launches API to empower one-click payment acceptance of Bitcoin, eCheck and credit cards.
  • MasterCard teams up with Newgen to digitize Procure-to-Pay and Order-to-Cash services.
  • Infomilo lists 12 Finovate alums among its top 25 hottest fintech startups.
  • SmartyPig’s Social Money collaborates with TMG to provide prepaid payment options for millennials and underbanked.
  • Union Square FCU hires Insuritas to launch insurance agency.
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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Fintech Fundings: 14 Companies Raise $206 million in Week Ending Oct 3

By Jim Bruene Posted on
Categories: Funding
It was quite a week in fundings, at least from Finovate’s standpoint. Not only was $200+ million raised this week, but 80% of that went to our alums: Yodlee ($75 mil), Credit Karma ($75 mil), Dwolla ($9.7 mil), and Expensify ($3.5 mil). 

And we had the first IPO from the very first Finovate Class of 2007. It’s a real Paul Graham moment for us. And we couldn’t be be prouder! Melanie, Joseph, Anil, Eric, Peter, and all the Yodlee folks we’ve worked with for 15 years, thanks for pushing fintech (and Finovate) forward. May you always hit your quarterly numbers 🙂

The weeks fundings by deal size (27 Sep through 3 Oct):

Account aggregation services
Latest round: $75 million (IPO)
Total raised: $199 million
Tags: PFM, SMB, online banking, mobile, Redwood City, California, Finovate alum
Source: Finovate
Free credit reports and monitoring services
Latest round: $75 million
Total raised: $193 milliion
Tags: PFM, personal finance, credit bureau monitoring, San Francisco, California, Finovate alum
Source: Finovate
Product pricing and lifecycle management software for financial services
Latest round: $15 million
Total raised: $20 millioin
Tags: Business intelligence, pricing, revenue, Vancouver, Canada
Source: Crunchbase
Virtual payments
Latest round: $9.7 million
Total raised: $32.5 million
Tags: Alt-money, ACH, funds transfer, mobile payments, Des Moines, Iowa, Finovate alum
Source: Finovate
Australian mobile payments company
Latest round: $9.1 million
Total financing: $13.5 million
Tags: mobile payments, Australia
Source: FT Partners
Crowdfunding real estate
Latest round: $7 million
Total raised: $41 million
Tags: P2P, mortgage, home buying, Washington DC
Source: Crunchbase
Bluetooth connected card (formerly Protean Payments)
Latest round: $5.8 million
Total raised: $6.8 million
Tags: Credit, debit cards, Bluetooth, payments, Ann Arbor, Michigan
Source: Crunchbase
Expense reports that don’t suck
Latest round: $3.5 million
Total raised: $10.2 million
Tags: Accounting, PFM, expense reporting, San Francisco, California
Source: Finovate
Virtual safe deposit
Latest round: $2.3 million
Total raised: $2.3 million
Tags: Investing, estates, safety deposit, San Francisco, California
Source: Crunchbase
Payments service to the unbanked in emerging countries
Latest round: $1.5 million
Total raised: $4.5 million
Tags: Mobile, payments, Laguna Hills, California
Source: Crunchbase
Bitcoin wallet
Latest round: $775,000
Total raised: $775,000
Tags: Cryptcurrency, bitcoin, payments
Source: Crunchbase
Flipboard for numbers
Latest round: $700,000
Total raised: $700,000
Tags: PFM, personal finance tracking, investing, Austin, Texas
Source: Crunchbase
Metrics for Stripe
Latest round: $500,000
Total raised: $500,000
Tags: Credit, debit card acceptance, merchants, business intelligence
Source: Crunchbase
Insurance industry software solutions
Latest round: Undisclosed
Total raised: Unknown
Tags: Insurance, Helsinki, Finland
Source: Crunchbase

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FinDEVr San Francisco 2014: Telling the Tale on Twitter

FinDEVr San Francisco 2014: Telling the Tale on Twitter
By David Penn Posted on
Categories: FinDEVr San Francisco 2014
FinDEVrLogo

Wherever there are technology people talking, you can be sure that Twitter is one of the ways they are doing it.

And the first FinDEVr held this week at the Mission Bay Conference Center at the University of California San Francisco was no exception. 

Thumbnail image for Twitter Bird.jpg

See for yourself. From sponsors and presenters tweeting word of their innovations to attendees weighing in on what impressed them most, the first FinDEVr Live Twitter feed was as much a success as the show itself.
We’ve sampled a tweet or two from our presenters to give you a sense of what this historic opportunity for fintech developers was all about. Enjoy!
Yodleepraisetweet
TDAIpraisetweet
PayPalpraisetweet
MasterCardpraisetweet
Visapraisetweet
fortepraisetweet
FinancialAppstweet
avokapraisetweet
Evosnappraisetweet
Incommpraisetweet
xeropraisetweet2


xignitepraisetweet

eshtapraisetweet
Intuitpraisetweet
CardFlighttweet
BehavioSecpraisetweet
mifospraisetweet
Cloudlendingtweet
modopraisetweet
Stocktwitspraisetweet
Bluefintweet
Finicitypraisetweet
ondeckpraisetweet
paradigm4praisetweet
paynearmepraisetweet
tradierpraisetweet
personalcapitalpraisetweet
copsonicpraisetweet2
concurpraisetweet2
Thanks again to all the presenting companies and developers who came out to support the very first FinDEVr. We saw a lot of old friends and met some great new connections – and hope you did, as well. We’ll see you in 2015 for the second annual FinDEVr!

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Alumni News– October 3, 2014

By David Penn Posted on
Categories: Avoka, BehavioSec, Boku, FIS, PayPal, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinDEVr award winner Yodlee launches IPO; raises $75 million in Thursday debut.
  • It’s a wrap – FIS announces completed acquisition of Clear2Pay.
  • Boku partners with O2, EE, and Vodafone in bid to boost non-digital e-commerce.
  • Congratulations to the first FinDEVr award winners: Avoka, BehavioSec, PayPal, and Yodlee.
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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FinDEVr 2014: Prudena Leverages Existing APIs for its Own Analysis Tools

FinDEVr 2014: Prudena Leverages Existing APIs for its Own Analysis Tools
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014, Prudena
This post is part of our live coverage of FinDEVr San Francisco 2014.
PrudenaLogo

Prudena showed how it uses existing APIs to develop its own analysis tools:

Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.
Presenter: Charlie Strout 
PrudenaHomepage
About: 
Prudena is a subscription-based online community and web-based toolkit dedicated to assisting value investors with financial analysis. By taking advantage of Prudena’s automated financial statement analysis tools, investors reduce the time it takes to perform high-quality fundamental research.
Website: prudena.com 

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FinDEVr 2014: Thinknum Provides Developers with a Platform for Empowering Financial Analysts

FinDEVr 2014: Thinknum Provides Developers with a Platform for Empowering Financial Analysts
By David Penn Posted on
Categories: FinDEVr San Francisco 2014, Thinknum
thinknum_logo_FF14

This post is part of our live coverage of FinDEVr San Francisco 2014.

Thinknum presented its platform for financial analysts.

Thinknum: A Powerful Web Platform for Financial Analysis
Learn about Thinknum, the web platform that is changing the way that financial analysts work. Find our more about our unique data and technology that enhances the financial research process.
Presenter: Justin Zhen, Co-Founder
Thinknum_homepage
About:
Thinknum is a powerful web platform to value companies. Thinknum leverages the web’s resources in data and technology for financial analysts to host their financial models on the cloud.
Website: thinknum.com
Twitter: @thinknum

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FinDEVr 2014: Kiind Shows How Easy it is to Create Custom Gift Cards with its API

FinDEVr 2014: Kiind Shows How Easy it is to Create Custom Gift Cards with its API
By David Penn Posted on
Categories: FinDEVr San Francisco 2014, Kiind
Kiind

This post is part of our live coverage of FinDEVr San Francisco 2014.

Kiind showed how developers can use its platform to create personalized gift cards and custom rewards.

Making Gifting Easy
We’ll touch on Kiind’s API and where it is headed as well as our marketplace.
Presenter: Leif Baradoy, CEO & Founder
KiindHome_FinDEVr2014
About:
Kiind helps businesses reward their employees and customers with gift cards. With Kiind, you can easily send personalized offers to multiple contacts, and Kiind’s technology allows you to defer when you pay for rewards and gifts, thereby saving you money.
Website: kiind.me
Twitter: @kiind

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FinDEVr 2014: Security Specialist Sekur Me Turns Smartphones into Digital Identifiers

FinDEVr 2014: Security Specialist Sekur Me Turns Smartphones into Digital Identifiers
By David Penn Posted on
Categories: FinDEVr San Francisco 2014, Sekur.me
SekurmeLogo_FinDEVr

This post is part of our live coverage of FinDEVr San Francisco 2014.

Sekur Me presented its approach to security that leverages smartphones as authentication devices.

Want to be secure: Eliminate passwords!
If you don’t have a password, it cannot be stolen. See a live demo of a patented disruptive technology taking security to the next level, while making login safer and simpler. And see how it can be used to secure payments and reduce shopping cart abandonment for eCommerce and mCommerce.
Presenter: Jack Bicer, CEO
SekurMeHomepage
About:
Sekur.me eliminates user IDs and passwords securely by turning your phone into your digital identity. It also brings the convenience of Single-Click eCommerce purchases to smartphones, where tiny keyboards make it hard to type. Checkout and pay in 9 seconds.
Website: sekur.me
Twitter: @sekurme

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