Finovate Alumni News– December 17, 2012

  • FiservThumbnail image for Thumbnail image for Finovate-F-Logo.jpg launches mobile app for UChoose Rewards.
  • Affinity Solutions brings “Big Data” capability to card-linked offers.
  • StockTwits launches a new app for HootSuite.
  • Business Insider looks at Expensify’s team building trip overseas.
  • HelloWallet launches financial wellness workforce assessment for employers.
  • Des Moines Register considers Giftly’s remote gift card giving app.
  • American Banker reports Lawrence Summers, formerly one of President Obama’s top economic advisors, joins Lending Club’s board of directors.
  • Tyfone is expanding into Latin America through a deal with Protege Sistemas of Brazil.
  • Gesa Credit Union chooses Andera’s oFlows platform.
  • Reuters recommends visiting Betterment, Personal Capital, and LearnVest for year-end money advice.
  • Bill.com launches new application platform powered by open APIs for third-party developers to integrate native apps with Bill.com’s software.
  • New miiCard DirectID Check allows SMBs & professionals to perform bank-level ID proofing online.
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.

Finovate Alumni News– October 23, 2012

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • Dwolla upgrades iPhone app and adds ability to pay money requests.
  • The Receivables Exchange appoints Henry Allen as New CEO.
  • SimpleTuition launches Private Student Loan Refinance Center.
  • Xero and Bill.com enable integration, ease transactions and cash management.
  • Now Plastyc’s UPside Visa customers can add cash to cards instantly at Walmart.
  • NFU Mutual automates paper processes with Tibco. Check out Tibco’s live demo at FinovateAsia.
  • Equifax selected byIRS as one of first eTranscript Pilot Vendors.
  • ModoPayments and Alliance Data partner to offer mobile solutions to retailers and U.S. Consumers.
  • Bill.com wins Sleeter ‘Awesome Application’ Award.
  • San Diego North County Times reports StockTwits: Howard Lindzon takes stock talk to new level.
  • Bridge2 Solutions and Affinity Solutions launch mobile 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.

Finovate Alumni News– August 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPayPal, Kabbage top PYMNTS.com’s Slate of Innovator Award Winners.
  • Aria Assistance chooses Affinity Solutions to provide legal services.
  • Toy News reports Kids’ online payment tool Virtual Piggy grows. Come to FinovateFall to check out Virtual Piggy.
  • Taulia featured on SAP’s In the Cloud with Game-Changers to discuss how startups are “changing the game”.
  • Gamify For The Win features PlayMoolah. Come see PlayMoolah’s live demo at FinovateFall.
  • Forbes explains how Candace Klein, SoMoLend CEO, succeeds at 5 minute pitches.
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.

Second Quarter 2012 Funding for Finovate Alumni: Over $120 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.

Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.

Here’s the quarter 2 summary for 2012:

April — $2.5 million raised by 1 company

May — $55.5 million raised by 5 companies

June — Over $62 million raised by 8 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to julie@netbanker.com and we will add it.

Affinity Solutions Lands $14.5 Million in Funding from Chestnut Hill Ventures

Thumbnail image for AffinityLogo3.jpg

Yesterday, card-linked offers company Affinity Solutions announced it closed a round of $14.5 million in funding from Chestnut Hill Ventures.

Affinity Solutions, which counts over 4,000 financial institutions and 25,000 brick-and-mortar retailers as clients, plans to use the funding to fuel growth, finance product innovation, business development, and technology initiatives.

To learn more about Affinity Solutions, watch its FinovateSpring 2012 demo.

Finovate Alumni News– June 29, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAustin Business Journal discloses Bazaarvoice reports $104M financing.
  • IBT, FI solutions provider announces the launch MoneyDesktop as its PFM solution.
  • Affinity Solutions Lands $14.5 Million in Funding from Chestnut Hill Ventures.
  • Finovate takes a closer look into the Strands Finance PFM.
  • The WSJ examines how SimpleTuition’s SmarterBank help students and alumni pay back student debt.
  • Balance Street becomes an Affiliate Member of the California Bankers Association, will begin a pilot program to bring its debt settlement tool to California banks.
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.

Finovate Alumni News– June 22, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider reports on Expensify’s growth.
  • Financial Post covers FutureAdvisor.
  • Commerce Bank partners with Affinity Solutions & Affinion loyalty group.
  • eArticles names eToro the leading broker in Australian forex trading.
  • WSJ Live reports LearnVest plans to use web tech & phone consults to help users develop financial plans.
  • Mobile Apps Showdown profiles Personal Capital.
  • Volly selects ProfitStars for online payments.
  • Monitise chosen to launch new mobile banking service for Co-operative Bank.
  • Business Insider names Mint and Personal Capital 2 finance apps you can’t live without.
  • BancBox launches payment platform to public.
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.

Affinity Solutions Launches Coupon-On-a-Card

AffinityLogo3.jpg

Later this morning, Affinity Solutions debuted Coupon-on-a-Card, a rewards platform that allows consumers to redeem offers just by swiping their card:
“Coupon-on-a-Card is a patent-pending product allowing consumers to either pre-purchase or opt-in to a retailer offer and then receive the discount at the point-of-sale through the credit card swipe, not in a statement credit, but in real-time.
Retailers will be able to use Affinity’s proprietary segmentation strategies to create a marketing campaign and banks will be able to deliver the offer totally through the plastic, with no need to deal with paying up-front and receiving a statement credit later.
The receipt will show the split-tender transaction, only charging the credit/debit card for the final amount due, after the discounts/offer is applied.”
Product Launched: May 2012
HQ Location: New York, NY
Company Founded: July 1998
Metrics: Affinity Solutions has over 100 employees and manages loyalty and engagement programs with over 4,000 banks.
Introducing Jonathan Silver (President & CEO) and Michael Biamonte (Chief Technology Officer)

IMG_1537.JPG
IMG_1540.JPG