Finovate Alumni News– September 17, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Azimo, Doxo, edo Interactive, Expensify, On Deck Capital, planwise, Xero
  • Finovate-F-Logo.jpgPandoDaily features Planwise’s “coming of age” story. 
  • OnDeck closes over $130 million in increased credit facility commitments, 150% 12-month growth surge drives doubling of debt capacity.
  • doxo’s new email Import and Organization capability simplifies record keeping for the your key accounts.
  • Expensify’s integration with Xero goes live.
  • Azimo picks cross-border payments platform Earthport to help expansion into developing markets.
  • Edo Interactive unveils self-serve portal for edo Marketplace that helps merchants set up card-linked offers on their own.
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 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on
Categories: Akimbo Financial, Backbase, BizEquity, FinovateFall 2013, FlexScore, Float Money, FutureAdvisor, Instabank, Interactions, mBank, Mitek, MoneyDesktop, Narrative Science, Numbrs, Saved Plus, SECOM GMixon Pixeliris, SpearFysh, Think Finance, TipRanks, WordSentry, Yodlee, Zighra
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Affluent Strategies
Finovate Fall 2013 Best of Show Winners
by JP Nicols
All Marketing (in Hebrew)
הסטארט-אפ הישראלי, TipRanks, זוכה זה בפעם השנייה בכנס Finovate
by Shirley Asa
American Banker
Business Lender Finds Trove of Insights in Client CRM Data
by Penny Crosman
MoneyDesktop Launches Long-Term Goal Setting Tool
by Sean Sposito
PFM Apps Dominate FinovateFall Day One
by Mary Wisniewski
Reporter’s Picks: Three Top Apps at FinovateFall
by Sean Sposito
The Cutting Edge of Online Banking, as Practiced by a Polish Bank
by Mary Wisniewski
The Top 10 Tweets of Finovate
What Engagement Banking Needs Is Less Engagement
by Jeanine Skowronski
Backbase Blog
Backbase Unveils New Commercial Banking Portal Solution at FinovateFall 2013
by Prue Duggan
Bank Innovation
‘Electronic Checks’ Give Paper Payments New Life
by Philip Ryan
European Innovators Throw Down the Gauntlet: Where’s the Innovation, Americans?
by Philip Ryan
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
Finovate Fall ’13: Numbrs, Pixeliris, Word Sentry, and Mitek Come on Strong
by Philip Ryan
Finovate Fall ’13: Strong Demos from Float Money, BizEquity, Zighra & SpearFysh
by Philip Ryan
Finovate Fall ’13: Strong Demos from Instabank, SavedPlus & TipRanks
by Phillip Ryan
Finovate Fall ’13: Think Finance, MBank Lead the Pack
by Philip Ryan
Bank Marketing Strategy
Ten Tips To Doing Finovate Like A Pro
by Jim Marous
Bank Systems & Technology and Wall Street & Technology
5 Game-Changing Financial IT Startups
by Becca Lipman
5 Ways Mobile Banking Is Evolving: Finovate
by Jonathan Camhi
Finovate Fall 2013: A Few FinTech Providers for Capital Markets
by Zarna Patel
Finovate 2013: We’re All Infected With Malware
by Becca Lipman
Making Personal Finance Social Spotlighted At Finovate
by Jonathan Camhi
Barlow Research Associates
Innovations that Improve Business Banking Workflow
by Donna Arce
BostInno, Streetwise Media
Franklin-Based Interactions Reinvents the Virtual Assistant Application, Wins Finovate’s Best in Show
by Andrew Amato
Crain’s New York Business 
Financial-technology startups roil banking’s status quo
by Judith Messina
Hottest tech sector is all about money
by Judith Messina
Credit Union Times
Mitek Debuts Mobile Photo Account Opening
by Robert McGarvey
CreditUnions.com
5 Areas Of Innovation All Credit Unions Need To Monitor
by Scott Patterson
The Role Of Innovation In Today’s Credit Union
by David Mooney
CU Insight
Barclays Just Showed Up to the Party We’ve Been Hosting for a Year
by 
Ron Daly
Discerning Technologist
Just In Time For Finovate: Adding More Fun (And More Focus) To Fintech Applications
ExecutiveBoard.com
Scores of fun at Finovate and Money2020
by CEB Icono
Finextra
Yodlee launches financial relationships app
Finovate blog
FinovateFall 2013 Best of Show Winners
by Julie Schicktanz
Forbes
4 New Online Money Management Tools Worth A Try
by Richard Eisenberg
Forrester blog
Highlights and Thoughts From Finovate Fall 2013
by Peter Wannemacher 
GonzoBanker
Finovate Fall 2013 – The Big Apple
by Scott Hodgins
Hotwire PR blog
Mobile, data and security are hot at FinovateFall
by Lindsay Goldwert
Huffington Post Tech
NextGen Investment Advisory Firms–Go Tech Or Go Home!
by April Rudin
Investment News
Start ups pitch automated advice at tech confab
by Trevor Hunnicutt
Javelin Strategy & Research Blog
FinovateFall 2013. Drinking from the Proverbial Firehose.
by Nick Holland
The Jerusalem Post
Tel Aviv-based start-up TipRanks takes top prize at Finovate
by Niv Elis
Medium.com
Reflections On Five Hundred Minutes of Fintech
by Bradley Leimer
miiCard
Fintech Trends From The Innovators at FinovateFall
by Cassie Anderson
Mindful Insights blog
FinovateFall 2013 
The Modesto Bee
Modesto financial planners offer online tool for success
by Patty Guerra
My Bank Tracker
FlexScore Aims to Complement FICO Credit Scores
by Simon Zhen 
FutureAdvisor: Automated Investing With Tax Efficiency in Mind
by Simon Zhen 
Mitek to Simplify Account Opening on Mobile Devices
by Simon Zhen 
MoneyDesktop: Declutter and Visualize Your Financial Goals
by Simon Zhen 
SavedPlus Makes You Save Every Time You Spend
by Simon Zhen 
Yodlee’s New Mobile App Deals With Money Side of Relationships
by Simon Zhen 
The New Age Online
Finovate and the Rise of the African Entrepreneur
by Douglas White
PandoDaily
Taking data analysis to a new plateau: Narrative Science raises $11.5M
by cale Guthrie Weissman 
Payments Source
E-Check Service Offers an Alternative to Online ACH Payments
by Austin Kilgore
PC World
New services tackle small business finance challenges
by Yardena Arar
Plus World (in Russian)
Инновация ТКС Банка представлена на
PYMNTS.com
Payment Innovators Impress At FinovateFall 2013
by Dan Rosen
Silicon Hills
Akimbo and Toopher Pitching at Finovate in New York
by Laura Lorek
Snarketing 2.0
Finovate Fall 2013: Snarketing’s Best-In-Show Awards
by Ron Shevlin
What To Look For At Finovate Fall 2013
by Ron Shevlin
TechCrunch
Mobile-First Banking App Numbrs Bags Further $3.8M For U.S. Launch
by Steve O’Hear
Upstart Business Journal
Bitcoin’s missing link sneaks into main event at Finovate
by Michael del Castillo
Financial gladiator battle ends with 8 startups standing tall
by Michael del Castillo
The Wall Street Journal

How to Get Investment Advice for Less Online

by Andrea Coombes

‘Stupid’ Banks Look for Innovation
by Michael Hickins
William Mills Agency blog and Beyond the Arc blog
Day 1: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Day 2: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez
by Steven Ramirez and William Mills III
Finovate 2013: Our take on the Best of Show winners
by Steven Ramirez
We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

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P2Binvestor Raises $1.2 Million in Series A Round

By David Penn Posted on
Categories: P2BInvestor

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The combination of peer-to-peer lending and business receivables financing championed by P2Binvestor continues to pay dividends for the Colorado-based startup.

P2Binvestor announced on Monday that it had successfully raised $1.2 million in equity and warrants in Series A round of funding. Participating were entrepreneur John Spiers, Rockies Venture Club investors, as well as others. The financing will help the crowdfunding receivables company grow its software platform, and expand its sales and marketing operations to accommodate new business.

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P2Binvestor helps connect the needs of small businesses seeking capital with entrepreneurs and investors seeking market-based returns. Collateralized by business receivables, the funding made available to small businesses via the P2Binvestor platform often provides working capital that is both quicker and more efficient than what has been offered traditionally by the banks.
Said P2Binvestor CEO and co-founder, Bruce Morgan, “Bank credit remains tight … 67 percent of small businesses were unable to secure bank loans in the first quarter of last year.” 
P2B investor was founded in 2012 and is headquartered in Denver, Colorado. The company appeared on the Finovate stage as part of the Spring 2013 show in San Francisco. See a demo of the company’s presentation here.

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Wipit Brings in Series A Financing from Core Innovation Capital

By Julie Muhn (@julieschicktanz) Posted on
Categories: Funding, Wipit

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Mobile wallet provider Wipit announced last week that it received an undisclosed amount in Series A funding.

Wipit’s major offering is a mobile wallet service, which, in a combined effort with Boost Mobile, was launched 

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specifically to serve the underbanked community. Any user with a mobile phone has access to the mobile wallet– even if they don’t have a bank account. 

Since Core Innovation Capital focuses on supporting innovations that serve the underbanked community, Wipit is a good candidate for the funding.

The California-based company plans to use this Series A round to expand consumer adoption.

To learn more about Wipit, watch its FinovateSpring 2012 demo.

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Finovate Alumni News– September 16, 2013

By David Penn Posted on
Categories: BankersLab, Doxo, Finect, MasterCard, P2BInvestor, Q2ebanking, Toopher, Wipit
  • FinovateLOGO.jpgP2BInvestor raises $1.2 million in Series A round.
  • Toopher wins spot among finalists for IBM SmartCamp North America Regional competition.
  • MasterCard partners with Entrepreneurial Finance Lab (EFL) to promote small businesses in developing nations.
  • Finect provides winning entry for Web Marketing Association’s WebAward 2013.
  • Eli Lilly FCU selects Q2 for implementation of Unified User Experience.
  • Boost Mobile Wallet powered by Wipit now offers Quick Check RDC service.
  • BankersLab adds 4 senior financial services executives to its training team.
  • Rubatino Refuse Removal joins doxo, its paperless adoption jumps 10% in first 90 days.
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– September 13, 2013

By David Penn Posted on
Categories: Dashlane, eDeposit, Emida, IDology, InComm, Interactions, LearnVest, mBank & Accenture, Mitek, MoneyDesktop, Motif Investing, Numbrs, TipRanks, TradeKing, Yodlee
  • FinovateLOGO.jpgTradeKing wins FINRA approval for acquisition of GAIN Securities.
  • Numbrs AG earns $3.8M in funding from parent Centralway.
  • Interactions, LearnVest, mBank & Accenture, Mitek, Money Desktop, Motif Investing, TipRanks, and Yodlee pick up Best of Show awards at FinovateFall 2013.
  • InComm, in partnership with CVS/pharmacy wins Best Third-Party Card Retailer Award.
  • Standard Distributing and Other Side Produce select eDeposit as their web and mobile payment solution.
  • Emida launches new smartphone POS app, available worldwide.
  • IDology launches ExpectID Global, an international expansion of its solution.
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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Numbrs AG Earns $3.8 Million in Funding from Parent Centralway

By David Penn Posted on
Categories: Numbrs

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Under the banner “One app to rule them all” Numbrs AG announced this week that they had picked up an additional $3.8 million from parent company, Centralway.

The capital infusion takes the total funding for the mobile-first banking app spinoff to more than $11 million. The funding is earmarked to help suppoprt Numbrs’ launch in the United States, slated for early 2014.

Switzerland-based Numbrs aggregates all a user’s financial accounts into one app. The multi-banking app gives consumers access to all of their accounts from any location, allowing them to pay bills and conduct other financial transactions such as money transfers. 
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The app also includes a feature called the “Future Timeline” which provides an overview of likely future transactions based on past spending. This feature helps users better understand, anticipate, and manage their cash flow.
Founded in 2012, Numbrs has been available in Germany since August of this year. As reported in TechCrunch, the company is opening a New York office in preparation for its U.S. launch, and has reaffirmed plans to expand into the United Kingdom later this year, as well.
Numbrs demoed its technology at FinovateFall 2013 in New York. Our Live Blog post of their presentation is available here.

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FinovateFall 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Interactions, LearnVest, mBank, mBank & Accenture, Mitek, MoneyDesktop, Motif Investing, TipRanks, Yodlee

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We just wrapped up FinovateFall 2013 in New York. After a successful two days filled to the brim with 69 live demos, the audience voted for their favorites. Ultimately, the top eight companies were named Best of Show, and took home a trophy.

The winners (in alphabetical order):

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Interactions, for its voice-based virtual assistant technology

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LearnVest, for its iPad app and Workplace Solutions Center
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mBank & Accenture,  for their Bank 3.0 online platform
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Mitek for its Mobile Photo Account Opening solution
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MoneyDesktop, for its GuideMe solution
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Motif for its platform that lets you invest in ideas in one click
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TipRanks, cloud-based accountability engine for investors
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Yodlee, for its debut of TANDEM that helps groups manage and discuss shared finances
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All of the 69 demo videos will be posted on Finovate.com in a few weeks.

A huge thank you to everyone who joined the audience and participated in our largest New York show so far. And, of course, thanks to the 69 innovative companies who took on the FinovateFall stage in front of a crowd of 1,100+ audience members.

——————————————————————

Notes on methodology:  
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.  
5. Go here for a list of previous Best of Show winners.

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Numbrs Provides One Point of Contact for Your Entire Financial Life

By David Penn Posted on
Categories: FinovateFall 2013, Numbrs

Numbrslogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our final presentation of FinvateFall 2013 comes courtesy of the team from Numbrs.
“Numbrs – the world’s leading ‘nonbank.’ We offer a multi-banking solution that will disrupt the banking landscape by providing people with a holistic overview of their past and future transactions in what we call the timeline. 
The future is just one swipe away, and you can retrieve upcoming transactions and your predicted future balance.
An easy-to-use analysis helps you understand and optimize your spending behavior. Users can aggregate all their bank account into one app. In addition to that, money can be transferred from your mobile device, and notifications will remind you of your upcoming transactions based on behavior in the past.”
Product Launched: August 2013
Metrics: Numbrs recently raised $3.8M, bringing their funding total to more than $10M, & currently has 20 employees
Product distribution strategy: Direct to Consumer (B2C)
Founded: September 2012
Website: numbrs.com
Twitter: @numbrs_app
Presenting Julien Arnold (CEO & Founder) and Johannes Huebner (CTO & Co-Founder)
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The full demo video will be available at Finovate.com in mid-September.

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PhonyInvoices Provides Scalable, Robust Technology to Curb Invoice Fraud

By David Penn Posted on
Categories: FinovateFall 2013, Phony Invoices

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This post is part of our live coverage of FinovateFall 2013.

PhonyInvoices is making its way to the Finovate stage now. The company’s solution helps combat phony invoice schemes that cost businesses millions every year.

“PhonyVendorCheck is a data driven SaaS solution that is much more scalable, robust and comprehensive in its ability to curb invoice fraud.
Implementation of our two current products has led to the development of PhonyVendorCheck, a data-driven SaaS solution that is much more scalable, robust, and comprehensive in its ability to curb invoice fraud. We are rolling out this new product right here at FinovateFall 2013:
  • phonyvendorcheck.com – a website for customers to upload their vendor list for immediate verification
  • Financial Software ‘Plug-Ins’ – Quickbooks App for automated vendor check. More accounting software add-ons to follow
  • Payment Processors – through a customized API, financial institutions can access our database to provide their customers a real time safeguard from paying invoice scams
  • Data Companies – API allows other companies to leverage our data”
Product Launch: September 2013
Metrics: Personally funded by Barnett Helzberg & 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: Kansas City, Missouri
Founded: January 2012
Twitter: @PhonyInvoices
Presenting David Cacioppo (Founder) and Jonathan Lee (VP Business Development)
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The full demo video will be available at Finovate.com in mid-September.

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WordSentry for Outlook Indicates When Email Messages are Questionable Before They are Sent

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, WordSentry
This post is part of our live coverage of FinovateFall 2013.

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Next, WordSentry showcased how it can help financial institutions monitor outgoing email messages for questionable content before sending:
“The demonstration is of WordSentry for Outlook. E-mail messages will be composed during the demo and WordSentry will analyze words and phrases for ambiguity, tone, compliance, and emotionality.
Comments will be displayed alongside questionable message components, along with explanations of problems detected. When questionable components are corrected or improved the comments disappear and the message is Clear to Send.”
Product Launch: July 2013
Metrics: $485,000 raised from angels & associates, 5 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, archiving companies, terminal suppliers, and other fintech companies & platforms
HQ: Indianapolis, IN
Founded: November 2012
Twitter: @wordsentry
Presenting Harris Turner (Founder) and Dr. Johan Bollen (Co-Founder & Lead Theorist)
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The full demo video will be available at finovate.com in mid-September.

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Apprenda’s Technology Helps Financial Institutions Develop and Deploy Modern Software

By Julie Muhn (@julieschicktanz) Posted on
Categories: Apprenda, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.

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Next up, Apprenda demoed its technology to help financial institutions develop and deploy modern software to help them better align with their IT departments:
“Apprenda is the leading Enterprise Platform as a Service (PaaS) product powering the next generation of software defined enterprises. As a foundational software layer and application run-time environment, Apprenda abstracts away the complexities of building and delivering modern software applications, enabling organization to turn their ideas into innovations faster. 
By decoupling applications from infrastructure and developers from IT, Apprenda empowers organizations to achieve significant cost savings and massive productivity improvements that result in better business/IT alignment. With Apprenda, modern software development and delivery becomes frictionless and IT delivers more value to the business by operating like a world-class service provider.” 
Product Launch: May 2013
Metrics: More than 16M raised in venture capital & more than 50 employees & growing
Product distribution strategy: Direct to Business (B2B)
HQ: Clifton Park, NY
Founded: June 2005
Website: apprenda.com
Twitter: @apprenda
Presenting Sinclair Schuller (CEO & Co-Founder)
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The full demo video will be available at finovate.com in mid-September.

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