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Fintech Fundings: 14 Companies Raise $206 million in Week Ending Oct 3

By Jim Bruene Posted on October 4, 2014
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):

Yodlee

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

Credit Karma

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

Zafin

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

Dwolla

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

Ingogo

Australian mobile payments company

Latest round: $9.1 million

Total financing: $13.5 million

Tags: mobile payments, Australia

Source: FT Partners

Fundrise

Crowdfunding real estate

Latest round: $7 million

Total raised: $41 million

Tags: P2P, mortgage, home buying, Washington DC

Source: Crunchbase

Stratos

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

Expensify

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

Estate Assist

Virtual safe deposit

Latest round: $2.3 million

Total raised: $2.3 million

Tags: Investing, estates, safety deposit, San Francisco, California

Source: Crunchbase

Ayannah

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

Coinapult

Bitcoin wallet

Latest round: $775,000

Total raised: $775,000

Tags: Cryptcurrency, bitcoin, payments

Source: Crunchbase

Numerous

Flipboard for numbers

Latest round: $700,000

Total raised: $700,000

Tags: PFM, personal finance tracking, investing, Austin, Texas

Source: Crunchbase

Baremetrics

Metrics for Stripe

Latest round: $500,000

Total raised: $500,000

Tags: Credit, debit card acceptance, merchants, business intelligence

Source: Crunchbase

Profit Software

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

By David Penn Posted on October 3, 2014
Categories: FinDEVr San Francisco 2014

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.

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!

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 October 3, 2014
Categories: Avoka, BehavioSec, Boku, FIS, PayPal, Yodlee

FinDEVr 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

By Julie Muhn (@julieschicktanz) Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, Prudena

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

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

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

By David Penn Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, Thinknum

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

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

By David Penn Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, 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

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

Blog: blog.kiind.me

Twitter: @kiind

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

By David Penn Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, Sekur.me

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

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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FinDEVr 2014: GreenAddressIT Shows the Way Toward a More Secure Bitcoin Wallet

By David Penn Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, Green Address IT

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

GreenAddressIT showed how developers can make their bitcoin wallets more secure.

GreenAddress: Instant and Secure Bitcoin

The presentation is introducing bitcoin’s multisignature features. These features allow users to radically improve the security of bitcoin wallets, as well as create new services like instant confirmation allowing for faster arbitration between exchanges.

Presenter: Lawrence Nahum, CEO & Founder

About:

GreenAddress is a leader in securing bit coins and providing instant clearing confirmations. It supports desktop, mobile, and web apps and offers a very featureful and secure wallet as well as APIs to enable third party developers.

Website: greenaddress.it

Blog: blog.greenaddress.it

Twitter: @greenaddress

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FinDEVr 2014: PayStand Shows How its Multi-Payment Network Technology Helps Developers Build Commerce Apps

By David Penn Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, PayStand

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

PayStand introduces its multi-payment network to help build e-commerce applications.

Comparing the Strengths and Weaknesses of Different Payment Types

Card Networks (Visa/MasterCard/Amex), eCheck (ACH/Bank Network/Check21), and Digital Currency (Bitcoin/Ripple/Altcoins) all have unique advantages and disadvantages. Explore the different use cases of why each are valuable and learn how to use PayStand’s unique multi-payment network technology to build the next generation of commerce applications.

Presenter: Jeremy Almond, CEO

About:

PayStand is a next-generation payment solution enabling no fee transactions online. By offering payments as a service, PayStand is revolutionizing commerce. One low monthly subscription allows organizations to accept eCash (Bitcoin), eCheck, & credit cards through PayStand’s all-in-one solution.

Website: paystand.com

Blog: paystand.com/blog

Twitter: @paystand

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FinDEVr 2014: Bionym Shows How its Wearable Nymi Band Can Create a Secure Banking Experience

By Julie Muhn (@julieschicktanz) Posted on October 1, 2014
Categories: Bionym, FinDEVr San Francisco 2014

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

Bionym showed use cases of how Nymi Band can be used in fintech:

Here I Am: Revolutionizing FI and Banking Experiences with Persistent Identity and the Nymi

Balaji is presenting the Nymi Persistent Identity vision and User flow and will review the key aspects of the SDK and Developer offering. In addition, he will propose and inspire discussion on select use cases in FinTech where the Nymi can improve engagement, security and customer satisfaction.

Presenter: Balaji Gopalan, Director of Platform

About:
Toronto-based Bionym is a team of experts in cryptography, biometrics and security. Our first product is the Nymi, a wearable device that enables the user to authenticate once via unique cardiac rhythm and securely and seamlessly assert Persistent Identity to any system.

Website: getnymi.com

Twitter: @nymiband

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FinDEVr 2014: Morpheus Aiolos Shows its API for Banking

By Julie Muhn (@julieschicktanz) Posted on October 1, 2014
Categories: FinDEVr San Francisco 2014, Morpheus Aiolos

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

Morpheus Aiolos described how its API for banking works:

API for Banking

Our API standardizes the way an application can extract information from any bank account. We’re describing how it works, with some examples.

Presenter: David Lozano

About:

We are a company based in Spain that has developed financial software since 2012. We have two featured products: an API to extract bank transactions and a clone of Mint, which uses the API.

Website: agregadorfinanciero.com

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FinDEVr 2014: BCL Technologies Unlocks Unstructured Text

By Julie Muhn (@julieschicktanz) Posted on October 1, 2014
Categories: BCL Technologies, FinDEVr San Francisco 2014

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

BCL Technologies showcased its Financial Data Extraction API:

Unlocking Financial Text

Explore the different use cases for BCL’s Financial Data Extraction API’s for unstructured text, to generate structured data Triplets.

Presenters: Bob Krumwiede, Director of Bus. Dev. and Hassan Alam, CEO & CTO

About:

BCL Technologies develops API’s for Financial Text Extraction that unlock Big Data in unstructured documents and websites, enabling FinTech Developers to easily extract structured Financial Triplets from any source.

Website: bcltechnologies.com/financial

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