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Finovate Alumni News– April 22, 2014

By David Penn Posted on April 22, 2014
Categories: ACI Worldwide, Kantox, Kapitall, MoneyDesktop, Taulia

FinSMEs interviews Kantox CEO Philippe Gelis.

ACI Worldwide joins electronic payments standards organization, EPASOrg, as a principal member.

Taulia named to 2014 Best Places to Work in the Bay Area List.

Silicon Slopes features MoneyDesktop’s recruiting efforts.

Kapitall launches Klub Kapitall loyalty program with reduced live trading commissions.

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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Join the FinovateSpring 2014 Community on Bizzabo

By Julie Muhn (@julieschicktanz) Posted on April 21, 2014
Categories: FinovateSpring 2014

While the presenting companies are using the final week before FinovateSpring to place the finishing touches on their demos, you can use the time to connect with fellow attendees.

This year, we’re using Bizzabo to give you an easy way to connect with other attendees.

To check it out, search Bizzabo in the Apple App store or Google Play store. After you’ve downloaded the app, type Finovate into the search bar, sign in, and click the green Join the Community button.

What else can you do with the app?

View others in the FinovateSpring 2014 community and mark them as leads
Access the agenda and add items to your calendar
Check out LinkedIn profiles of speakers
Get more information on demoing companies (accessed through the Partners tab on the bottom)

Don’t have a smartphone or want to view on a larger screen? Check out the web app:

https://events.bizzabo.com/finovatespring2014

Questions or problems? Contact us at spring@finovate.com and we’ll be happy to help.

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Finovate Alumni News– April 21, 2014

By Julie Muhn (@julieschicktanz) Posted on April 21, 2014
Categories: CustomerXPs, Locaid, Roostify, TSYS

CustomerXPs launches Clari5 Sherlock, which fights multichannel banking frauds with big data analytics.

Roostify’s solution highlighted in Secondary Marketing Executive article “The Promise Of The E-Mortgage.” Come see Roostify demo live at FinovateSpring next week.

TSYS company NetSpend to develop co-branded prepaid card with Western Union.

Locaid to bring location-based services to U.S. Cellular.

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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Finovate Alumni News– April 18, 2014

By Julie Muhn (@julieschicktanz) Posted on April 18, 2014
Categories: Expensify, FutureAdvisor, Kabbage, Lending Club, MasterCard, MiiCard, Pindrop Security, Tuition.io

Tuition.io brings in funding, surpasses $1 billion in loans under management.

eWeek talks to Pindrop Security about scams during tax season.

PYMNTS.com chats with miiCard CEO James Varga about identity theft.

Financial Samurai interviews FutureAdvisor CEO, Bo Lu.

Lending Club raises $115 million in debt and equity; acquires Springstone Financial.

Kabbage blog features Expensify in its list of the 10 best mobile apps for small businesses.

MasterCard to acquire APAC-region loyalty and rewards provider, Pinpoint.

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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Who’s Joining You at FinovateSpring?

By Julie Muhn (@julieschicktanz) Posted on April 17, 2014
Categories: FinovateSpring 2014

You’ve already picked up your FinovateSpring ticket, looked at the full lineup of companies that will demo, and even done your homework by scoping out the entire, 6-part FinovateSpring Sneak Peek series.

What’s next? Now you can check out the word cloud (click to enlarge) that illustrates the titles of everyone who will be in attendance at FinovateSpring.

We’ll see you in San Jose!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, KPMG, Life.SREDA, UK Trade & Investment, Visa, Xignite and Zions Direct.

FinovateSpring 2014 is partners with: Aite Group, ABA, Bank Innovators Council, BankersHub, BayPay Forum, California Bankers Association, Fin-Tech.org, Government of Canada, Celent, Filene, Hotwire PR, Javelin Strategy, The Paypers, SME Finance Forum, Visible Banking, & Western Independent Bankers.

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Tuition.io Brings in Funding, Surpasses $1 Billion in Loans Under Management

By Julie Muhn (@julieschicktanz) Posted on April 17, 2014
Categories: Funding, Tuition.io

It’s been no secret lately that the student loan system is broken. Student loan management platform Tuition.io, who we saw on stage at FinovateFall two years ago, is seeking to help out borrowers and has quickly gained traction.

As proof, the company announced today it received an undisclosed amount of funding from Raj Date through advisory and investment firm, Fenway Summer. Contributors to the California-based startup’s 2013 seed round include:

Mohr Davidow Ventures
MESA+
Rob Glaser
Richard Wolpert
Neu Venture Capital
Launchpad LA
Rothenberg Ventures
Atom Factory
AF Square, LLC

In addition to this news, it also announced it’s managing $1 billion in loans on its platform. This is up two-fold from just one year ago. When we interviewed CEO Brendon McQueen in April of last year, he reported the platform had $500 million under management.

Check out the live demo of Tuition.io’s platform from FinovateFall 2012.

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Lending Club Raises $115 Million in Debt and Equity; Acquires Springstone Financial

By David Penn Posted on April 17, 2014
Categories: Lending Club

News that Lending Club has raised $115 million in debt and equity is a reminder that alternative lenders continue to be a magnet for venture capital.

The equity stake totals $65 million, and comes courtesy of BlackRock, Sands Capital, T. Rowe Price Associates, and Wellington Management Company. This boosts the company’s total capital raised to more than $280 million.

Lending Club also announced that it was acquiring Springstone Financial in a cash and stock deal worth $140 million. Springstone specializes in providing financing for medical patients and for medical professionals looking to fund their continuing education.

Moving into medical financing is apparently part of Lending Club’s overall strategy for growth. Last month, the company announced that it was moving into small business lending, challenging incumbents like Kabbage, CAN Capital, and OnDeck. The company has also begun selling loans to community banks, announcing agreements with seven small banks last December.

Lending Club has doubled its annual loan volume every year, and has paid more than $300 million in interest to its investors. The company reported surpassing the $3 billion loans originated mark at the end of 2013.

In the top five of Forbes’ “Most Promising Companies” roster for 2014, long-time Finovate alum (StartUp 2007) Lending Club was founded in 2006 and is based in San Francisco. Renaud Laplanche is CEO.

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Finovate Alumni News– April 17, 2014

By David Penn Posted on April 17, 2014
Categories: BillGuard, Qapital, SecondMarket, Temenos

Finovate alums earn spots on Fast Company’s Top 10 Most Innovative in Finance.

Qapital featured in Finextra and TechCrunch profiiles. See Qapital demo at FinovateSpring in San Jose, April 29 and 30.

Temenos appoints Martin Frick to head APAC.

BillGuard launches in Canada.

News BTC reports: SecondMarket Welcomes Investors Seeking to Trade 25 BTC Or Greater.

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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Announcing the Full Presenter Lineup for FinovateSpring 2014!

By Eric Mattson Posted on April 16, 2014
Categories: Uncategorized

FinovateSpring 2014 is less than two weeks away, and the excitement is building! More and more tickets are selling with every passing hour and on April 29 & 30, we’re expecting to break Finovate’s attendance record for the second year in a row with an audience of over 1,400 industry professionals and entrepreneurs.

You’ve probably already seen a few of the companies presenting at FinovateSpring this year, but a bunch of presenters just came out of stealth mode on Friday to complete the lineup. So, without further ado, here’s the full lineup of 68 companies that will demo their latest fintech innovations in the heart of Silicon Valley in less than 14 days:

Artivest
Avoka
BodeTree
ChiaraMail
Coinbase
CREALOGIX
CUneXus
D3 Banking
Dealstruck
defi SOLUTIONS
Digital Insight
Digital Retail Apps
Encap Security
Endeavour
EyeVerify
FinBuddy
Fiserv
FlexScore
ID.me
Insuritas
IntelliResponse
Interactions
Jumio

Kofax
Kown
Kreditech
LendingRobot
LendingTree
LendUp
Loop
LOYAL3
Market Prophit
Motif Investing
MShift
Nearex
NICE Systems
OnBudget
Ondot Systems
Pellucid Analytics
Personal Capital
Pixeliris
Privatbank
Qapital
Quisk
Radius
RealtyMogul

Red Giant
Rippleshot
Roostify
SaveUp
SmartAsset
Spreedly
Stockpile
StrategyCorps
Sureify
Tactile Finance
TD Ameritrade & LikeFolio
TextPower
True Link
Venovate
Verde International
Visible Equity
Vorstack
WePay
Wipit
Yseop
ZenPayroll
Zumigo

Please don’t delay! Tickets are selling fast and space is limited so please be sure to register now to make sure you get a seat!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, KPMG, Life.SREDA, UK Trade & Investment, Visa, Xignite and Zions Direct.

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Announcing the Full Presenting Lineup for FinovateSpring 2014!

By Eric Mattson Posted on April 16, 2014
Categories: Uncategorized

Artivest
Avoka
BodeTree
ChiaraMail
Coinbase
CREALOGIX
CUneXus
D3 Banking
Dealstruck
defi SOLUTIONS
Digital Insight
Digital Retail Apps
Encap Security
Endeavour
EyeVerify
FinBuddy
Fiserv
FlexScore
ID.me
Insuritas
IntelliResponse
Interactions
Jumio

Kofax
Kown
Kreditech
LendingRobot
LendingTree
LendUp
Loop
LOYAL3
Market Prophit
Motif Investing
MShift
Nearex
NICE Systems
OnBudget
Ondot Systems
Pellucid Analytics
Personal Capital
Pixeliris
Privatbank
Qapital
Quisk
Radius
RealtyMogul

Red Giant
Rippleshot
Roostify
SaveUp
SmartAsset
Spreedly
Stockpile
StrategyCorps
Sureify
Tactile Finance
TD Ameritrade & LikeFolio
TextPower
True Link
Venovate
Verde International
Visible Equity
Vorstack
WePay
Wipit
Yseop
ZenPayroll
Zumigo

Please don’t delay! Tickets are selling fast and space is limited so please be sure to register now to make sure you get a seat!

FinovateSpring 2014 is sponsored by: The Bancorp, Capital Source, Financial Technology Partners, Hudson Cook, KPMG, Life.SREDA, UK Trade & Investment, Visa, Xignite and Zions Direct.

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TransferWise Hits £1 Billion Mark for P2P Cross Border Money Transfers

By David Penn Posted on April 16, 2014
Categories: TransferWise

In the eleven months since May 2013, TransferWise has seen its cumulative total volume of cash transferred cross-border climb from just over £100 million to £1 billion.

Based in London, TransferWise provides peer-to-peer money transfer services in more than 175 different currencies. The platform works by connecting people looking to transfer money from Country A to Country B, with people looking to make the exact opposite transfer.

TransferWise has raised more than $7 million since its founding in 2010. The lion’s share of the capital has come from a Series A round almost a year ago led by PayPal co-founder Peter Thiel’s Valar Ventures.

Said TransferWise co-founder Taavet Hinrikus of the newly-reached milestone: “it shows how much people need modern financial services – something where it is modern, fast and cheap.”

Speaking of modern, fast and cheap, TransferWise is also announcing the launch of its Android app. Said Hinrikus, “there is much more that money on mobile should mean to people and ways they can be in control.”

The latest news from TransferWise shows how the currency transfer business has heated up. Companies like CurrencyFair and Azimo, both Finovate alums also, have announced reaching significant milestones or raising significant VC capital in recent weeks, as well. And now, even more attention is being paid to companies like these as potential partnership with Facebook, should the social networking innovator act on rumors that it is getting into the money transfer game.

TransferWise demoed its technology as part of the FinovateEurope show in 2013. See the company in action here.

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Finovate Alums Make Fast Company’s Top 10 Most Innovative in Finance

By David Penn Posted on April 16, 2014
Categories: Dwolla, eToro, MasterCard, NICE Systems, OneID, TransferWise

Who knew? More than half of the world’s top 10 most innovative companies in finance are Finovate alums.

Don’t just take our word for it. Fast Company published its roster of innovation in the financial space as part of their quest to find those companies that are “creating radical new approaches to move cash from one place to another.”

And among such widely-known and talked-about entities as Square and Bitcoin, we find more than a handful of innovators who have used the Finovate stage to help show their technology to the world.

Take a look at the companies below, accompanied by Fast Company’s take on just what makes each innovator truly unique.