Blog - Page 904 of 1205

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.

Share this:

Send Post Twitter LinkedIn Facebook

P2Binvestor Raises $1.2 Million in Series A Round

By David Penn Posted on September 16, 2013
Categories: P2BInvestor

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.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Wipit Brings in Series A Financing from Core Innovation Capital

By Julie Muhn (@julieschicktanz) Posted on September 16, 2013
Categories: Funding, Wipit

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

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– September 16, 2013

By David Penn Posted on September 16, 2013
Categories: BankersLab, Doxo, Finect, MasterCard, P2BInvestor, Q2ebanking, Toopher, Wipit

P2BInvestor 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– September 13, 2013

By David Penn Posted on September 13, 2013
Categories: Dashlane, eDeposit, Emida, IDology, InComm, Interactions, LearnVest, mBank & Accenture, Mitek, MoneyDesktop, Motif Investing, Numbrs, TipRanks, TradeKing, Yodlee

TradeKing 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.

Dashlane launches iPad app.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Numbrs AG Earns $3.8 Million in Funding from Parent Centralway

By David Penn Posted on September 12, 2013
Categories: Numbrs

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.

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.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateFall 2013 Best of Show Winners

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, Interactions, LearnVest, mBank, mBank & Accenture, Mitek, MoneyDesktop, Motif Investing, TipRanks, Yodlee

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):

Interactions, for its voice-based virtual assistant technology

LearnVest, for its iPad app and Workplace Solutions Center

mBank & Accenture, for their Bank 3.0 online platform

Mitek for its Mobile Photo Account Opening solution

MoneyDesktop, for its GuideMe solution

Motif for its platform that lets you invest in ideas in one click

TipRanks, cloud-based accountability engine for investors

Yodlee, for its debut of TANDEM that helps groups manage and discuss shared finances

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.

Share this:

Send Post Twitter LinkedIn Facebook

Numbrs Provides One Point of Contact for Your Entire Financial Life

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, Numbrs

This 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)

HQ: Zurich, Switzerland

Founded: September 2012

Website: numbrs.com

Twitter: @numbrs_app

Presenting Julien Arnold (CEO & Founder) and Johannes Huebner (CTO & Co-Founder)

The full demo video will be available at Finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

PhonyInvoices Provides Scalable, Robust Technology to Curb Invoice Fraud

By David Penn Posted on September 11, 2013
Categories: FinovateFall 2013, Phony Invoices

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

Website: phonyinvoices.com

Twitter: @PhonyInvoices

Presenting David Cacioppo (Founder) and Jonathan Lee (VP Business Development)

The full demo video will be available at Finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

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

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, WordSentry

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

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

Website: wordsentry.com

Twitter: @wordsentry

Presenting Harris Turner (Founder) and Dr. Johan Bollen (Co-Founder & Lead Theorist)

The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

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

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: Apprenda, FinovateFall 2013

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

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)

The full demo video will be available at finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook

P2P Cash Helps Users Send Remittances to Any Cellphone Worldwide

By Julie Muhn (@julieschicktanz) Posted on September 11, 2013
Categories: FinovateFall 2013, P2P Cash

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

Next, P2P Cash stepped up to demo its remittance platform:

“P2P Cash’s low cost money transfer system enables online consumers to send money to any cellphone worldwide at zero cost. Using international banking standards (SWIFT), P2P Cash developed a highly scalable, low cost mobile financial services solution to send cash to any cellphone globally. The technology enables any retailer to offer money transfer and other financial services to their customers, generating new revenue for the retailer.”

Product Launch: February 2013

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

HQ: Roswell, GA

Founded: February 2008

Website: p2pcash.com

Presenting Donald Chapman (VP Business Development) and Tom Meredith (CEO)

The full demo video will be available at Finovate.com in mid-September.

Share this:

Send Post Twitter LinkedIn Facebook