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FinDEVr is Building Momentum — Will you be part of it?

By Eric Mattson Posted on July 13, 2014
Categories: Uncategorized

In late May, we were very excited announce the launch of our new event series called FinDEVr which is focused on the latest tools, APIs, and platforms for fintech builders — i.e. developers, VPs of engineering, software architects and CTOs — because we were sure it was a missing piece of the innovation ecosystem.

After two months and a ton of conversations, it is clear that the event has struck a nerve with the market as the response has been tremendous and momentum has been building with every week.

We already have commitments from top-notch presenting sponsors like TD Ameritrade, Yodlee, PayPal, Xero, Avoka, FinancialApps, Cardflight, Behaviosec, Mifos Initiative, Modo Payments, and Cloud Lending — with many more to come.

In addition, tickets have been selling strongly and we’re pleased to be projecting an audience of 400-500 for the debut event in San Francisco on September 30 – October 1st. The room is going to be packed with developers and technical execs from startups as well as financial institutions like CIBC, Wells Fargo, BlackRock,
USAA, Capital One, and Western Union.

If you and/or your technical colleagues are interested in attending to learn about the latest innovations for fintech builders, tickets are on sale at the super early-bird price of $300 off through Friday July 25th. And if you’re a company with an innovative API, platform or tool for building the next generation of fintech, we’re still accepting applications to present through July 31st — please email [email protected] for more details.

We’ll see you there!

FinDEVr San Francisco 2014’s industry sponsor is: Life.SREDA

FinDEVr San Francisco 2014 is partners with: BankersHub, BayPay Forum, California Bankers Association, fin-tech.org, Hotwire, Mercator, PaymentWeek & The Paypers

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Personal Capital’s Financial Management App Now Available on Android Wear

By Julie Muhn (@julieschicktanz) Posted on July 11, 2014
Categories: Personal Capital

Thanks to Personal Capital, when it comes to finance and investing, you can take it with you.

Personal Capital announced yesterday that its finance management app is now available on Android’s smart watch, Android Wear.

Personal Capital Chief Product Officer Jim Del Favero called wearable devices “the next evolution of mobile.” When users have Personal Capital on their Android Wear device, they can access a full suite of PFM functionality with them wherever they go.

The free app is available for download in the Google Play Store. Features include:

YouIndex: end of the day notification feature that compares your portfolio (your “YouIndex”) to the S&P 500 and other stock market indices
Advice and Alerts: personalized notifications for goal-tracking
Actionable Information: an omni-channel experience that allows users to access the app on more than one device

Part of a growing ecosystem of alternative investment management services, Personal Capital differs from so-called “robo-advisors” by not just relying on algorithms to make investment decisions. Technology plays a role, of course. Personal Capital CEO Bill Harris said in a June interview with CNBC that automated tools helped “discipline” the investment process, and refers to his company as “technology-assisted.” But in combining technology with what he calls “sophisticated and customized management” Personal Capital brings a wealth management model that has worked for high net worth individuals to a broader, “mass affluent” market.

Personal Capital is headquartered in Redwood City, California, and was founded in 2009. The company last demoed at the FinovateSpring conference in San Jose earlier this year. See a video of the company on stage here.

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Alumni News– July 11, 2014

By Julie Muhn (@julieschicktanz) Posted on July 11, 2014
Categories: ayondo, Monitise Americas, SecureKey, Taulia

Taulia launches Early Payment Quick Start Initiative to facilitate early payment financing for small businesses.

SecureKey teams up with Oberthur Technologies to offer new, device-based online authentication solutions.

Guest column by Monitise in Forbes says Turkey is fertile ground for technology innovation.

Germany-based ayondo opens office in Singapore.

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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Cachet Financial Solutions Prices IPO, Seeks to Raise More than $7 Million

By Julie Muhn (@julieschicktanz) Posted on July 10, 2014
Categories: Cachet Financial Solutions

Guess who quietly just went public?

Cachet Financial Solutions announced the pricing of its initial public offering this week. The remote deposit capture (RDC) and mobile wallet solution provider will trade on the OTCBB under the ticker, ~~CHTF~~ CAFN (see update below). Four and a half million shares priced initially at $1.50 have been made available to the public.

Update: Cachet Financial Solutions changes their ticker symbol to CAFN.

Late in trading on Thursday, shares were up more than 1%.

The goal of the offering is to raise as much as $7.7 million (if an over-allotment option is fully exercised; closer to $6.7 million). Northland Capital Markets is the book-running manager for the IPO, with The Benchmark Company and MLV & Co. serving as co-managers.

Cachet’s SEC filings provide some insights into the company’s finances – at least as of this spring. Cachet Financial Solutions’ revenues of more than $476,000 for the three months ending March 31, 2014 were up more than 145% from the same period a year ago. A comparison of Cachet’s net losses between the two periods reflects similar improvement, with the company trimming its losses by more than 53%. As of March 31, Cachet had more than $91,000 in cash and cash equivalents.

Known for its RDC and mobile money management solutions, Cachet Financial Solutions is a cloud-based, software-as-a-service innovator. With recent deployments at Navy Federal Credit Union, FirstView LLC, and The Bancorp Bank in just the past month, Cachet Financial is taking advantage of the growing interest among banks and FIs to provide better experiences for their customs via technology.

Founded in 2010 and headquartered in Minneapolis, Minnesota, Cachet Financial Solutions demoed its technology at FinovateFall 2012 in New York. See a video of the company on stage here.

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Alumni News– July 10, 2014

By Julie Muhn (@julieschicktanz) Posted on July 10, 2014
Categories: Betterment, Braintree, Cachet Financial Solutions, DoubleBeam, Doxo, Finect, Fiserv, Holvi, Loop, Oink, Personal Capital, Ripple, Segmint, Wealthfront

Optimal Payments announces partnership with Oink.

Braintree releases v.zero SDK, featuring support for Pay with PayPal.

Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.

Segmint named a Preferred Vendor of MAGNET Global Network.

Holvi preps to launch into Irish marketplace.

doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.

Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.

Cachet Financial Solutions prices Initial Public Offering.

DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.

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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Lock in your seat to the largest FinovateFall to date!

By Eric Mattson Posted on July 9, 2014
Categories: Uncategorized

With summer well underway, it means that fall is just around to corner. And that we’re hard at work putting together FinovateFall 2014 which will take place on September 23 & 24 in New York City.

Last year, FinovateFall welcomed a sold-out crowd of more than 1,100 executives. This fall, based on record-setting interest (and a slightly bigger auditorium at our new venue) we are projecting the largest FinovateFall to date (and another sell out crowd) with over 1,200 fintech innovators in attendance.

In case you’re curious, here is a small sample of the great organizations already committed to attend:

Adobe
American Express
Bain Capital
Bank of America
Bank of Ireland
Bank of Montreal
Barclays
BBVA Compass
C1 Bank
Capital One
CIBC
Citi
Citi Ventures
Discover
Equifax
Everbank
Experian
FIS Global
Forbes

Gartner
IBM
Jack Henry
Liberty Mutual
MassMutual
MasterCard
MACU
New York Life
Nordea
Oliver Wyman
Paypal
Primerica
PwC
QED Investors
RBC
Rockland Trust
Route 66 Ventures
S&P Capital IQ
SAP

Saxo Bank
Sberbank VC
Scottrade
Silicon Valley Bank
SixThirty
Societe Generale
Sony
Swedbank
Tangerine Bank
TD Ameritrade
The Huffington Post
The Principal
Umpqua Bank
USAA
Venrock
Wells Fargo
Yankee Group
Zions Bank
And many more!

If you’re interested in attending FinovateFall to watch the future of fintech unfold live on stage, tickets are now on sale at the very early-bird price but only through this Friday. Please get yours today to lock in the savings and your seat before we sell out!

We’ll see you in New York in September (or in San Francisco for FinDEVr)!

FinovateFall 2014 is sponsored by: The Bancorp, CapitalSource, Financial Technology Partners, Greater St. Louis Financial Forum, Hudson Cook LLP, Life.SREDA, UK Trade & Investment, Visa

FinovateFall 2014 is partners with: Aite, ABA, Bank Innovators Council, BankersHub, Bobsguide, California Bankers Association, Canada, Celent, Filene Research Institute, Hotwire PR, Javelin Strategy, Mercator, NYPAY, Payment Week, The Paypers, SME Finance Forum, & Visible Banking

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Lock in your seat to the largest FinovateFall to date!

By Eric Mattson Posted on July 9, 2014
Categories: Uncategorized

With summer well underway, it means that fall is just around to corner. And that we’re hard at work putting together FinovateFall 2014 which will take place on September 23 & 24 in New York City.

In case you’re curious, here is a small sample of the great organizations already committed to attend:

Adobe
American Express
Bain Capital
Bank of America
Bank of Ireland
Bank of Montreal
Barclays
BBVA Compass
C1 Bank
Capital One
CIBC
Citi
Citi Ventures
Discover
Equifax
Everbank
Experian
FIS Global
Forbes

Gartner
IBM
Jack Henry
Liberty Mutual
MassMutual
MasterCard
MACU
New York Life
Nordea
Oliver Wyman
Paypal
Primerica
PwC
QED Investors
RBC
Rockland Trust
Route 66 Ventures
S&P Capital IQ
SAP

Saxo Bank
Sberbank VC
Scottrade
Silicon Valley Bank
SixThirty
Societe Generale
Sony
Swedbank
Tangerine Bank
TD Ameritrade
The Huffington Post
The Principal
Umpqua Bank
USAA
Venrock
Wells Fargo
Yankee Group
Zions Bank
And many more!

We’ll see you in New York in September (or in San Francisco for FinDEVr)!

FinovateFall 2014 is sponsored by: The Bancorp, CapitalSource, Financial Technology Partners, Greater St. Louis Financial Forum, Hudson Cook LLP, Life.SREDA, UK Trade & Investment, Visa

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LoopPay Receives Undisclosed Amount of Funding from Synchrony Financial

By David Penn Posted on July 9, 2014
Categories: Loop

Late last month, mobile payments platform company LoopPay released its ChargeCase, a battery case for iPhone 5 and 5s.

Now, two weeks later, the Massachusetts-based company has announced it received an undisclosed amount of funding from Synchrony Financial. This adds to the $10 million in Series A funding LoopPay raised last November from Beta Fund.

Under this strategic investment, LoopPay will provide Synchrony Financial with special features and benefits to provide greater convenience and utility to its cardholders and retail partners.

LoopPay uses Magnetic Secure Transmission (MST) to enable a contactless payment experience in which customers use LoopPay’s ChargeCase and Fob Button Pay devices to pay at a merchant’s existing credit card swipe reader.

To see LoopPay demonstrate its MST technology live, check out its FinovateSpring 2014 demo.

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Alumni News– July 9, 2014

By David Penn Posted on July 9, 2014
Categories: Andera, Check, Encap, Lendio, Prosper, Ripple

Bank Systems & Technology: Consumers CU Expands National Footprint with Andera’s Online Account Opening Solution.

Lendio launches free version of prospect mgmt software, Pipeline, for the business loan process.

Encap Security joins the Fast Identity Online (FIDO) Alliance to change the nature of online authentication by reducing reliance on passwords.

Check updates its Android app.

LendAcademy takes a look at $146 million in new loan originations in June for Prosper.

And speaking of Prosper, Altifi.con’s This Week in Crowdfunding features Prosper CEO Ron Suber.

Rebranded version of Ripple Client, Ripple Trade emerges from two-month soft launch.

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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Alumni News– July 8, 2014

By Julie Muhn (@julieschicktanz) Posted on July 8, 2014
Categories: ACI Worldwide, Insuritas, Lending Club, P2BInvestor, Prestadero, ReadyForZero, StrategyCorps, Top Image Systems

Top Image Systems signs agreement to acquire cloud-based banking solutions provider, EGistics.

Prestadero raises more than $670K in series B funding round.

ACI Worldwide to bring electronic billpay to Southern Auto Finance Company (SAFCo).

P2Binvestor crowdlends $2 million line of credit to fellow Finovate alum.

Mike Branton of StrategyCorps discusses the “three big threes of checking” in CB Insight.

Lending Club facilitates $1 billion of loans in Q2 2014, which brings it to a total of $5 billion since its inception.

ReadyForZero announces two new resource centers: Get Out of Debt and Auto Loan Resources.

First American Credit Union hires Insuritas to launch insurance agency to build non-cyclical fee income.

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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Prestadero Raises More than $670K in Series B Funding Round

By Julie Muhn (@julieschicktanz) Posted on July 7, 2014
Categories: Prestadero

A week after we published our quarterly alumni funding roundup for Q2 2014, it looks like Q3 is already off to a nice start on the funding front.

At the beginning of the month we shared news of Moven’s $8 million funding. And the strides Yodlee is making toward an IPO sooner than later made headlines soon after.

And now today we can add Prestadero to the list of Finovate alums that find themselves in a money-raising mood. The peer-to-peer lender finished its second round of funding by raising $677,000 (8.8 million Mexican pesos).

The investment more than doubles the company’s previous total of $400,000 – raised almost a year ago to the week – taking Prestadero’s total capital to more than $1.7 million (more than 13.8 million Mexican pesos).

Specific investors in this round were not disclosed, but the company referred to the contributors in a statement as “international leaders in the financial services sector in Mexico and abroad.”

Prestadero will use the additional capital to add new functionality to its platform, and to accelerate growth.

Stats:

Founded in 2011
Headquartered in Mexico City, Mexico
Provides unsecured personal loans ranging from 10,000 to 250,000 Mexican pesos
Offers approved borrowers rates ranging from 8.9% to 28.9% annually
Offered lenders net annualized returns of 15%

Gerardo Obregón is CEO.

Prestadero demoed its technology at FinovateSpring 2013 in San Francisco. See a video of the company on stage here.

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Alumni News– July 7, 2014

By Julie Muhn (@julieschicktanz) Posted on July 7, 2014
Categories: Bill.com, Billhighway, Expensify, Loop, Narrative Science, Open Bank Project, Tradeshift, ZenPayroll, Zighra

American Banker features Tradeshift in a column on startups innovating in the small business bill pay space.

Credit Union Broadcast interviews Greg Ewald, VP of Marketing for Loop.

Zighra partners with Toyuma to launch a Kickstarter project to launch PassZweipe, a password manager app.

Billhighway to provide automated donation processing for The Michigan Humane Society.

Open Bank Project organizing Hack/Make The Bank hackathon in Berlin. Check out more builder tools at FinDEVr this Fall.

Bill.com, ZenPayroll, and Expensify earn spots Sqrl blog’s list of 39 apps you didn’t know could grow your business.

Narrative Science’s Kris Hammond is featured in Business Insider’s Technology section.

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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