Betterment

Finovate Alumni News– June 4, 2013

By David Penn Posted on
Categories: Acculynk, authenticID, Betterment, Check, Corduro, IDTheft 911, Service2Media
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechnorati takes a look at PayMobile, the mobile payment app from Corduro.
  • Auto Rental News features AuthenticID’s PictureID authentication solution.
  • Abril to use Service2Media’s app development platform, M2Active.
  • Cox Business to offer Acculynk’s cloud-based payment processing option, PayLeap.
  • Quartz looks at how Betterment and CEO Jon Stein are “turning financial advice into an algorithm.”
  • IDentity Theft 911 announces upgrade to LifeStages Identity Management Services.
  • Former Cap One Exec, James Mendelsohn, joins Capital Access Network as CMO.
  • Actiance updates Vantage to allow organizations to manage security, retention & compliance policies.
  • Blackhawk Network & Monitise to make mobile gift card purchasing available to consumers through certain FIs in the U.S.
  • Xero announces “Xero For Dummies” book now available.
  • BBVA Compass to offer Mitek’s Mobile Photo Bill Pay to its retail customers.
  • Alltel Wireless customers now able to pay bills via smartphone thanks to a new partnership with Check (formerly Pageonce).
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– January 9, 2013

By David Penn Posted on
Categories: Betterment, Cardlytics, Check Point, Comarch, Dwolla, eToro, Experian, FIS, Keynote DeviceAnywhere, Movenbank, NICE Systems, Pageonce, SecondMarket, ShopKeep POS, Simple, Tuition.io, VoiceTrust
  • Gartner highlights Comarch Commission & Incentive in recent report.
  • FIS announces expanded relationship with Modern Woodmen Bank.
  • TomTom uses Keynote DeviceAnywhere for real-time performance monitoring in Paris.
  • The New York Times features Simple’s approach to customer service.
  • Check Point Software Technologies introduces new ZoneAlarm 2013 security product line, integrates Facebook Privacy Scan.
  • MyBankTracker looks at Movenbank’s new site layout. Come see Movenbank’s live demo at FinovateEurope Feb 12 and 13.
  • Daily Tekk interviews Brendon McQueen, CEO of Tuition.io.
  • eToro launches new version of its WebTrader platform.
  • Dwolla introduces new look, allows users to apply for higher transaction limits.
  • Cardlytics opens office in San Fran, appoints new SVP of Marketing. Come see Cardlytics demo at FinovateEurope next month.
  • CNBC interviews Barry Silbert, SecondMarket CEO, to understand why entreprenuers avoid IPOs.
  • Bank Systems & Technology considers how NICE’s newest solution uses voice recognition to prevent fraud. Come see NICE demo its new tech live at FinovateEurope in London February 12 and 13.
  • Biometric Update highlights a year of new customers and pilot projects from VoiceTrust.
  • TechCrunch features a video interview with Betterment CEO and founder, Jon Stein.
  • Experian announces deal to provide address and mortality screening services to Guardian Financial Services.
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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2012 Funding for Finovate Alumni– More than $450 Million Raised

By David Penn Posted on
Categories: ActivePath, Affinity Solutions, Arroweye Solutions, Banno, Bazaarvoice, Betterment, Boku, Braintree, Capital Access Network, Cartera Commerce, CashStar, Continuity Control, Controlabill, Credit Sesame, Currensee, DemystData, DoughMain, Dwolla, edo Interactive, eToro, Finsphere, FreeMonee, FutureAdvisor, Fuze Network, HelloWallet, Jemstep, Jingit, Kabbage, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SaveUp, SecureKey, ShopKeep POS, SoMoLend, The Currency Cloud, ThreatMetrix, Waspit, Xero, Yodlee, Zopa

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January — $25 million raised by 3 companies
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 com
panies
ActivePath: $10 million — blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

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Finovate Alumni News– January 2, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, Banno, Betterment, Billhighway, Dwolla, Dynamics, Entrepreneurial Finance Lab, Expensify, Experian, Flint Mobile, Geezeo, Ixaris, Locaid, Mint.com, MoneyDesktop, Pageonce, PayPal, PlayMoolah, smartcredit.com, Sports Lever, TSYS, WattzOn, Wonga, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker features Banno CEO Wade Arnold, calling him a “coder in the cornfields.”
  • American Banker names PayPal and Wonga 2 of 8 non-banks to watch in 2013.
  • Mint.com encourages users to add goals by holding $500 sweepstakes.
  • Deccan Herlad examines Yodlee’s plan to move into India.
  • Forbes considers the best job titles of 2012: Min Xuan Lee, PlayMoolah’s Princess of Possibility named #1.
  • MoneyDesktop to power Cubus Solutions’ online banking services.
  • Geezeo to power Wings Financial PFM.
  • Billion Success blog interviews David Barrett, Expensify CEO.
  • OneDayGlobal blog profiles Entrepreneurial Finance Lab.
  • Silicon Prairie reports: Dwolla-powered Koala Pay aims to help merchants, customers connect.
  • Andera adds Gesa CU & Central Star CU for online account opening, loan applications.
  • Marketing Technology Blog highlights Flint Mobile and its camera-based payment processing system.
  • Ixaris completes move to new offices in San Gwann.
  • TSYS announces ProPay acquisition now complete.
  • Experian is offering a searchable consumer credit database.
  • Locaid Technologies wins FastPitch competition at Locations & Beyond Summit 2012.
  • Billhighway provides mobile donation services for Make A Difference animal rescue event.
  • Huffington Post features WattzOn among its best apps for tracking home energy use.
  • The Tennessean takes a look at the rebranding of Portfolio Football as Sports Lever.
  • LifeHacker quotes SmartCredit.com president of consumer education on credit and credit scores.
  • Betterment and PageOnce earn spots in TechCrunch’s feature: “7 Apps That Will Keep Your New Year’s Resolutions Alive”.
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– December 17, 2012

By David Penn Posted on
Categories: Affinity Solutions, Andera, BellaDati, Betterment, Bill.com, Fiserv, Giftly, LearnVest, Lending Club, MiiCard, PayPal, Personal Capital, Stocktwits, Tyfone
  • 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.

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Finovate Alumni News– November 28, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bazaarvoice, Betterment, Capital Access Network, CashStar, Compass Plus, Credit Sesame, Enloop, Jingit, Klarna, SafetyPay, Social Money, Tradeshift

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

  • Payelp Global partners with SafetyPay to expand online payment options for merchants and customers worldwide.
  • Enloop releases the next generation of its business planning app to help entrepreneurs plan businesses.
  • Social Money announces launch of new product, CorePro, with a new partner, The Bancorp.
  • Tradeshift announces partnership with Verbella CMG, an SAP Content mgmt. solutions provider.
  • Anton Commissaris, a founding exec of Mint.com, joins Credit Sesame as COO.
  • Betterment enhances advice for life goals.
  • Capital Access Network names advisory board to guide launch and growth of latest offering to small businesses, CapTap.
  • CNBC reports CashStar, WEX partner to provide eGift card services.
  • New partnership with Klarna helps 3dcart reach European customers.
  • Compass Plus earns high ranking in annual PayX report.
  • AdExchanger interviews Bazaarvoice Media GM Barkow.
  • Team Bronson Moneymakers reviews Jingit.
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– November 27, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: AcceptEmail, ActivePath, Andera, Betterment, BlinkMobile Interactive, DCisions, DeviceFidelity, Experian, Giftly, Holvi, InComm, Jingit, Kapitall, Klarna, Luup, Mortgagebot, On Deck Capital, Personal Capital, SapientNitro, ThreatMetrix, TIO Networks, ValidSoft
  • Interactive Investor purchases DCisions, closes InvestorBee service.

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

  • Finextra reports Rabobank Australia and NZ selects ThreatMetrix to secure online channels.
  • InComm & SkyMall Ventures partner to launch electronic gift card program.
  • Opus Research report recognises ValidSoft as leader in voice biometrics.
  • AloStar Bank of Commerce chooses Andera’s oFlows for online account opening.
  • TIO adds mobile bill pay app to its suite of services for El Paso Electric.
  • Radian Mortgage Insurance now available through Mortgagebot’s loan origination system.
  • E-invoicing Platform features AcceptEmail.
  • Xconomy examines how Giftly will disrupt traditional gift card market.
  • Luup signs partnership with Arab Link, provider of money transfer and exchange services in Abu Dhabi.
  • Personal Capital launches Android app.
  • Crunched lists On Deck in top 25 startups to work for.
  • TechCrunch reports Holvi Plans To Disrupt Traditional Bank Accounts With Simple But Powerful Services.
  • Citi Innovation Lab and SapientNitro honored at National Infocomm Awards in Singapore for next-generation banking experience.
  • ActivePath merges with PowerInbox.
  • Experian expands debt-collection product suite with TrueTrace.
  • DeviceFidelity launches moneto prepaid MasterCard.
  • BlinkMobile announces five more councils to adopt BlinkForms.
  • Klarna earns 2012 Entrepreneur of the Year award from European Tech Tour Association.
  • Money Smart Life reviews Betterment and Kapitall.
  • American Banker reports Betterment deepens finance advice features.
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– November 8, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Authentify, Bazaarvoice, Betterment, BillGuard, Dwolla, eWise, FamZoo, Innovation Agency, Lending Club, PaySimple, Perfectsen, SecureKey, ShopKeep POS, SocietyOne, Striata
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBill Dwight, CEO of FamZoo, interviewed by Unlock Your Wealth Radio.
  • TechCrunch reports BillGuard Teams Up With Lemon’s Mobile Wallet, Will Alert Users To Fraudulent Charges.
  • MyBankTracker reviews Betterment’s gift registry feature.
  • Tech in Asia describes why Striata caught its eye at FinovateAsia.
  • Personal Loan Finder looks at SocietyOne.
  • BetaKit reports ShopKeep adds employee time tracking feature to iPad POS system.
  • SecureKey launches Online Authentication Service for Government of Canada.
  • TechCrunch reports Lending Club Surpasses $1B In Personal Loans, Hits Profitability.
  • PaySimple Launches ReceivablesPro Turnkey Private-Label Solution.
  • Campaign Asia reports London-based Innovation Agency launches in Singapore.
  • At FinovateAsia, Barclays announces the launch of PFM powered by Strands.
  • SG Entrepreneurs covers Perfectsen’s launch of The Hook at FinovateAsia.
  • Des Moines Register covers Dwolla’s MassPay.
  • e27 lists 3 finance startups that caught their eye at FinovateAsia 2012.
  • Pando Daily reports Bazaarvoice replaces its CEO and acquires Longboard Media.
  • Finextra reports Authentify opens Japanese subsidiary.
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 Bring in Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, Betterment, edo Interactive

Over the past month, we’ve had four Finovate alums receive funding. Here they are in alphabetical order:

Thumbnail image for Thumbnail image for BannoLogo3.jpg

Banno
Funding: $2 million
Investors: Iowa Economic Development Authority’s Innovation Acceleration Fund and private sector loan 
Funding total: $2.5 million
Funding purpose: Hire talent, upgrade data center infrastructure
Headquarters: Cedar Falls, IA
Founded: 2008
FinovateFall 2012 demo video

Thumbnail image for BettermentLogo8.25.jpg

Investors: Menlo Ventures, Bessemer Venture Partners, and Anthemis Group
Funding total: $13 million
Funding purpose: Improve the mobile experience, add better options for short term goals, and create new ways to encourage people to make the most of their money
Headquarters: NYC, New York
Founded: 2008

Thumbnail image for edoInteractiveLogo.jpg

Investors: VantagePoint Capital Partners, Baird Venture Partners, and other existing investors
Funding total: $54 million
Funding purpose: Expand reach of local offers technology
Headquarters: Nashville, TN
Founded: 2007

Thumbnail image for Fuze_Network1Logo.jpg

Investors: Ribbit Capital, Matrix Partners
Funding total: $5 million
Headquarters: Salt Lake City, UT
Founded: 2009

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Finovate Alumni News– June 11, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Credit Sesame, FutureAdvisor, Hidden Levers, Kabbage, MiiCard, Offermatic, Stocktwits, Tagit, Zopa
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTagit wins coveted Emerging Enterprise Award 2012.
  • BlogTalkRadio talks to Kathryn Petralia, COO & Co-founder of Kabbage.
  • Offermatic alters business model, no longer pursuing card-linked offers.
  • Chicago Tribune looks at Future Advisor and Betterment as two inexpensive investing platforms.
  • BBC news reports Zopa has lent more than £200m since it started in 2005.
  • Credit Sesame Scores $12 Million in Series C Funding.
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– May 4, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, Betterment, SigFig, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechCrunch hosts Jon Stein, Betterment CEO, to talk about the future of investing.
  • Backbase signs Higher One, a leading financial services provider for colleges & universities.
  • Bank Technology News reports Yodlee opens a workshop to boost startups.
  • TechCrunch reports SigFig launches.
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 11, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bazaarvoice, Betterment, Currensee, Equifax, Expensify, Intuit, Personal Capital, Ping Identity, SoMoLend

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

  • Bazaarvoice appoints Kelly Connery as GM of brands in North America & Matthew Schatz as GM of retail & emerging markets.
  • SoMoLend wins first place prize in the University of Dayton’s 2011-12 Business Plan Competition. See it demo live at FinovateSpring.
  • Bank Technology News reports Intuit Buys M-Payments Co. AisleBuyer.
  • Over 100 institutional partners offer Currensee Trade Leaders Investment program to investors.
  • Expensify Lite iPhone app is now Expensify.
  • Mashable features Personal Capital. Come see its live demo at FinovateSpring.
  • Equifax launches ID protection & credit monitoring product for the family.
  • Ping Identity partners with Macnica Networks.
  • Kiplinger covers Betterment.
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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