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Venovate Launches the Venovate Marketplace to Create Efficiency in Alternative Investments, Announces Investment from Studio 9+

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Venovate

This post is part of our live coverage of FinovateSpring 2014.

Third up in today’s second session, Venovate launched the Venovate Marketplace:

“Venovate Marketplace is an online platform that makes investing in and fundraising for private securities faster and more efficient.

Our platform offers investors access to the broadest, most diverse set of alternative investment opportunities: private equity, natural resources, venture capital, infrastructure, hedge funds, and real estate.

All members – both buyers and sellers – are put through a rigorous screening process to ensure that investors are qualified and that fundraisers present complete, transparent information.

Investors can search for investment opportunities, get questions answered, indicate interest, receive acceptance, sign documents electronically, and close the transaction – all on a single platform.

Venovate is the smarter alternative for investing and fundraising.“

Additionally, Venovate is announcing that Studio 9+ has invested in Venovate’s initial round and plans to use Venovate Marketplace for its fundraising activities in the future.

Presenting: Michael Raneri (CEO), Thomas Foley (President), and Michiel de Boer (Head of Prod., UX & Mktg)

Product Launch: April 2014

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: San Francisco, CA

Founded: April 2013

Website: venovate.com

Twitter: @venovate

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Fiserv Brings Mobiliti Banking to Wearable Devices

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Fiserv

This post is part of our live coverage of FinovateSpring 2014.

Next, Fiserv brought its Mobiliti banking and payments solution to wearables:

“The Mobiliti™ mobile banking and payments solution from Fiserv currently offers ubiquitous alerts and notifications through in-session messages, secure messages, e-mail, SMS, and push notifications.

This new innovation extends notifications and actionable alerts to wearable computing devices, allowing the user to receive alerts wherever they are, on whatever device they prefer, and to take action on it.”

Presenting: Andrew Barnett (Sr. Mobile Sol. Consultant) and Gregory Jones (User Experience Architect)

Metrics: $4.81B revenue in 2013, 21,000 associates worldwide, 14,500 financial institutions and business clients worldwide

Product distribution strategy: Through financial institutions

HQ: Brookfield, WI

Founded: July 1984

Website: fiserv.com

Twitter: @Fiserv

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New Technology from Spreedly Turns its Credit Card Vault in the Cloud into an Industry API for Consuming Card Data

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Spreedly

This post is part of our live coverage of FinovateSpring 2014.

Spreedly is on its way to the stage right now. The company is launching its Payment Method Distribution & Card-on-File Updater.

“Prior to today, Spreedly could take a stored card and pass it against a Spreedly integrated payment gateway. With today’s announcement three new things are happening. Firstly, customer’s can create their own end points to which they want to pass cards. No more relying on Spreedly to do the work. Secondly, those end points can be more than just payment gateways. Think of it as an industry API for consuming card data (hotel, ticketing, restaurant, and transportation). And thirdly, customers can use Spreedly to automatically update cards across 60+ gateways, which means no more lost revenue from lost or expired cards.”

Presenting: Justin Benson (CEO) and Brendon Prebble (Business Development)

Product Launch: April 2014

Metrics: We have raised $1 million in angel funding, have 150 customers, and are processing approximately 160,000 successful CC transactions (worth around $15 – 20 million in top-line revenue) monthly on our platform

Product distribution strategy: Direct to Business (B2B)

HQ: Durham, North Carolina

Founded: January 2008, hard pivot in March 2013

Website: spreedly.com

Twitter: @spreedly

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ID.me Launches Solution that Seamlessly Identifies Affiliate Groups at the Brick and Mortar Point of Sale

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, ID.me

This post is part of our live coverage of FinovateSpring 2014.

Last up in this first session, ID.me launched its solution that ties affiliate groups with loyalty at the physical point of sale:

“ID.me enables consumers to tie authoritatively verified identity attributes (e.g. Military, Student, Teacher, Corporate Employee, Membership Group) to a medium of payment in order to eliminate the need for additional loyalty or identity credentials at checkout.

Through partnerships with major players in the payments space, ID.me provides brands with an omnichannel solution that captures the identity attributes of their customers in a privacy-enhancing, user-centric manner.”

Presenters: Blake Hall (CEO & Co-Founder) and Matthew Thompson (COO & Co-Founder)

Product Launch: April 2014

Metrics:

Financing: $16M
Federal Grants: $2.8M
Employees: 29
Revenues (Run Rate): $4M
Registered Users: 475,000

Product distribution strategy: Direct to Consumer (B2C), Direct to Business to Consumer (B2B2C)

HQ: Tyson’s Corner, VA

Founded: February 2010

Website: ID.me

Twitter: @IDme

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Tactile Finance’s Tacfi Helps Borrowers Control the Mortgage Process

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateEurope 2014, Tactile Finance

This post is part of our live coverage of FinovateSpring 2014.

Then, Tactile Finance launched Tacfi, a website that helps borrowers select a mortgage provider:

“Tacfi is a consumer mortgage website that, for the first time, allows mortgage shoppers to truly control their outcomes throughout the mortgage process. Tacfi puts the intelligence of the mortgage industry up front and accessible to consumers where it belongs.

The website will also allow consumers to seamlessly connect to select mortgage providers, while providing an easy way to safely and effectively navigate the mortgage process from end to end.”

Presenters: Nicole Hamilton (CEO) and Shivie Mannshahia (Architect)

Product Launch: FinovateSpring 2014

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

HQ: New York, NY

Founded: May 2012

Website: tactilefinance.com

Twitter: @tactilefinance

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Coinbase Debuts Instant Exchange to Remove Volatility Risk for Merchants Accepting Bitcoin

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: Coinbase, FinovateSpring 2014

This post is part of our live coverage of FinovateSpring 2014.

Next, Coinbase demonstrated how its Instant-Exchange feature removes the exchange rate risk for merchants accepting Bitcoin:

“Our instant-exchange feature offers bitcoin payments to merchants with zero exchange rate risk. As a merchant receives bitcoin payments throughout the day, they can instantly sell these bitcoins to Coinbase at a market exchange rate that was locked-in at the time of the customer’s purchase.

At the end of each day, Coinbase will clear the USD sum total of all sales via ACH transfer. The merchant is therefore not exposed to bitcoin exchange rate volatility and will receive a dollar value, less our 1% exchange fee, that corresponds to the USD sale price of items purchased by bitcoin-paying customers.”

Presenting: Roger Gu (Bus. Dev. Manager) and Nahid Samsami (Bus. Dev. Manager)

Product Launch: February 2014

Metrics: Coinbase holds 1.1 million consumer wallets and enables 28,000 merchants to accept bitcoin payments. The company is funded by Andreessen Horowitz, Union Square Ventures, and Y Combinator.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through partnerships

HQ: San Francisco, CA

Founded: July 2012

Website: coinbase.com

Twitter: @coinbase

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OnBudget’s Latest Technology Gives Customers a Virtual Envelope Budgeting System

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, OnBudget

This post is part of our live coverage of FinovateSpring 2014.

Our next presenter is the team from OnBudget with a 21st century wrinkle on an old school budgeting strategy.

“OnBudget combines a free, simple-to-use app with a free (& totally fee-free) household Budget Card that links to a user’s checking or savings account. Users effortlessly set up and manage budgets, track spending and view spending trends in real time by category. The OnBudget platform analyzes transactions, identifies trends and interacts with users in real time, becoming an instant virtual “envelope budgeting system” that helps banked customers manage daily living expenses, It’s uncomplicated, intuitive, real time, habit-forming and, best of all, totally free.”

Presenting: Jim Collas (CEO & President) and Mike Corrales (VP Marketing)

Product Launch: November 2013

Product distribution strategy: Direct to Consumer (B2C), through financial institutions, licensed

HQ: San Diego, California

Founded: 2012

Website: onbudget.com

Twitter: @On_Budget

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Radius Debuts its Big Data Solution to Help FIs Define, Identify, and Market to Their Best Customers

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Radius

This post is part of our live coverage of FinovateSpring 2014.

Radius is our next presenter, demoing its modern solution for marketing to small businesses.

With Radius, you can connect your prospect and customer data to our living, breathing database of 27 million SMBs in the United States. Analyze your customers based upon hundreds of business attributes to define your best market segments. Once you’ve defined your best customers, create look-alike lead lists, deploy campaigns, and measure conversion.

Presenting: Darian Shirazi (CEO)

Product Launch: March 2014

Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California

Founded: 2009

Website: radius.com

Twitter: @radius

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Pellucid Analytics Unveils its Pitchbook-Enhancing Technology for Financial Professionals

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Pellucid Analytics

This post is part of our live coverage of FinovateSpring 2014.

Coming to the stage now is the team from Pellucid Analytics

“Pellucid fixes pitch book creation. It is a tablet and browser-based product tailored to the needs of advisory professionals that compresses the time required to perform a broad range of pitch book-related activities from days to seconds. Rather than collecting data, running analytics, designing charts, and formatting slides, Pellucid users leverage a large gallery of print-ready charts populated with current data and formatted to firm-specific branding standards. Assembling such charts into a pitch book is a simple drag-and-drop exercise. As a result, users can focus on applying judgment to information and crafting a compelling message directly relevant to their clients.”

Presenting: Adrian Crockett (CEO & Co-Founder) and Jamie Ballingall (Chief Scientist & Co-Founder)

Product Launch: April 2014

Metrics: 39 team members

Product distribution strategy: Direct to Business (B2B), licensed

HQ: Boulder, Colorado

Founded: November 2011

Website: pellucid.com

Twitter: @pellucidapp

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LendingRobot’s Algorithms Help Investors in P2P Marketplaces Get the Best Returns

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, LendingRobot

This post is part of our live coverage of FinovateSpring 2014.

Then, LendingRobot debuted its platform that helps investors in P2P marketplaces achieve better returns:

“Twenty-four hours a day, 7 days a week, LendingRobot uses machine-learning algorithms and real-time scoring to select and fund loans before they’re snatched up by institutional investors.”

Presenting: Emmanuel Marot (President) and Gilad Golan (CEO)

Product Launch: December 2013

Metrics: The amount of money invested through LendingRobot has been doubling every month since launch.

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Seattle, WA

Founded: September 2012

Website: lendingrobot.com

Twitter: @LendingRobot

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Jumio’s Fastfill Combines Three Data Reading Capabilities to Automatically Fill Out Forms for Customers

By Julie Muhn (@julieschicktanz) Posted on April 30, 2014
Categories: FinovateSpring 2014, Jumio

This post is part of our live coverage of FinovateSpring 2014.

Second up this morning, Jumio showed how Fastfill saves time spent filling out forms:

“When customers arrive at your sign-up or checkout form they see a “Scan ID” option in addition to traditional key entry fields. Your customer simply taps the “Scan ID” button, selects the ID they wish to use, and holds it up to their device camera. Fastfill scans the ID, extracts the data it contains, and feeds data into your new account form; it takes just a second or two.

Our patented technology offers three different data reading capabilities: bar code, MRZ, and OCR to enable customer data to be extracted from any of three ID types issued by over 100 countries.”

Presenting: Mike Orlando (CSO) and Anthony Lanham (SVP Sales)

Product Launch: February 2014

Metrics: 204 employees

Product distribution strategy: Direct to Business (B2B)

HQ: Palo Alto, CA

Founded: February 2010

Website: jumio.com

Twitter: @jumio

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Market Prophit’s Big Data Analytics Help Investors Generate Alpha Through Better Sentiment Analysis

By David Penn Posted on April 30, 2014
Categories: FinovateSpring 2014, Market Prophit

This post is part of our live coverage of FinovateSpring 2014.

Market Prophit is our next presenter. The company is showing its “Morningstar + Klout” solution for both retail and institutional investors and traders looking to improve the way they use sentiment analysis in their overall investing decisions.

“Market Prophit is demoing its full functionality with its recently launched proprietary quantitative blogger ranking system. Market Prophit quantitatively scores and ranks financial bloggers in social media based on the accuracy of their stock calls and track record of predictions. Using our unique ranking system, Market Prophit generates sentiment signals that have less noise than generic, crowd-based sentiment signals and generate more alpha based on historical back tests.

Our innovation is the ability to take unstructured conversations and turn them into quantifiable measures of predictability and performance in real time, allowing for easy search and discovery of quality information by investors without having to wade through millions of messages.”

Presenting: Igor Gonta (CEO & Founder)

Product Launch: June 2013

Metrics: Self-funded; 2 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: New York, New York

Founded: January 2011

Website: marketprophit.com

Twitter: @MarketProphit

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