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Card-linked offers platform, Cardlytics, announced last week that it has raised $40 million from undisclosed, existing investors.
The Boston-based company’s president and COO, Lynne Laube, explained that the $40 million will be used to expand its international presence. Cardlytics already has plans to launch with bank partners in Europe, Australia, Canada, and Brazil. Specific bank partners are still undisclosed.
To learn more about Cardlytics, watch its FinovateEurope 2013 demo.
Boost Mobile customers soon will find themselves part of the mobile payments movement, as the non-contract wireless provider adds a mobile wallet feature to its smartphones.
That mobile wallet will be powered by Wipit, a mobile payments company with a focus on providing service to the underbanked. Founders of the company include veterans of the prepaid wireless industry: John Tantum, former President of Virgin Mobile USA, Michael Lanzon, former VP of Sales and Marketing for Boost Mobile, and Job Tucker, former Director of National Sales and Distribution for Boost Mobile.
SimpleTuition’s job of providing resources to help students responsibly borrow, maintain, and retire student debt just got $4 million easier.
The $4 million in venture funding comes from a trio of previous investors in the company: Atlas Ventures, Flybridge Capital Partners, and North Hill Ventures. The additional capital brings SimpleTuition’s funding total to more than $21 million, excluding $5 million in debt financing from August of last year.
Capital Access Network announced that it has secured an additional $165 million credit line. The additional funding will extend the company’s lending capacity to nearly $500 million from its current level of $295 million.
Participating in the syndicate are:
Shasta Ventures led the financing round. Joining them were current investors First Round Capital, Greylock Partners, and Index Ventures.
Swipely plans to use the $12 million in new capital to help finance growth nationwide, as well as building the network of merchants who use their payment marketing technology. This latest round of funding brings the company’s total to more than $20 million.
Birdback teams up with Braintree for 3-day payments hackathon.
Last week’s FinovateSpring 2013 received great coverage through blogs, tweets and articles. Here are the highlights:
Full conference live blogs
Three contributors risked carpel tunnel to cover all 72 demos. Thanks to Erin McCune and William Mills III and Phillip Ryan for going the extra mile!
Bank Innovation
by Phillip Ryan
FinovateSpring recap and ratings
Day one morning recap
Day one afternoon recap
Day two morning recap
Day two afternoon recap
The latest investment in the biometric-identity innovator brings the company’s total funding to $3.7 million. Participating in this latest round were Think Big Partners, Mid-American Angels, Nebraska Angels, and other individual, angel investors.
EyeVerify plans to use the additional funding to add sales and marketing talent, as well as invest in research and development. Founded in January 2012, the company is based in Kansas City, Kansas, and has eleven employees.
For the second time in as many months, open source payment network innovator, OpenCoin is closing another round of funding. This time the company has earned investment from Google Ventures and China-based IDG Capital Partners.
The total amount of the angel funding round has not been disclosed, though Google Ventures is rumored to have contributed less than $200,000.
Quantopian featured in the print edition of Barron’s Electronic Investor column.
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.
After the final demos wrapped up on two fintech-packed days at FinovateSpring 2013, the audience voted for their favorite demos to ultimately decide who would be named Best of Show. The overall top five took home the trophies.
The winners (in alphabetical order):
We’ll have the videos of all 72 demos posted on Finovate.com in a few weeks.
Thanks to everyone who joined the audience and came to be a part of our largest show so far. And thanks to the 77 innovators* who braved the Finovate stage.
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*Five demos hosted a co-presenting company, including Visa, MasterCard, USAlliance Credit Union, Intuit, and Paydiant
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 five 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.