Betterment Archives - Page 9 of 16

HedgeCoVest Takes Top Honors at 2015 Benzinga Fintech Awards

By David Penn Posted on April 21, 2015
Categories: Betterment, iBillionaire, iQuantifi, LikeFolio, Market Prophit, Motif Investing, Personal Capital, Thinknum, TipRanks, Trunomi

The votes are in! HedgeCoVest is the winner of the Overall category at the 2015 Benzinga Fintech Awards.

HedgeCoVest earned its first-place award at the Benzinga Fintech Awards Gala Event held earlier this month in New York City. The company picked up 5 million ad impressions and a one-year license to the Benzinga Pro Real-Time News & Data feed. Second- and third-place prizes were also awarded.

In attendance at the event were more than 50 CEOs, more than 100 fintech companies, about 20 venture capital firms, 10 major U.S. retail brokerages, and four fintech accelerators, as well as a host of press and media.

HedgeCoVest also performed well in individual categories, winning the Alternative Investment category, and earning runner-up recognition in the Most Disruptive category. Finovate alums taking home individual awards are listed below. See a full list of all winners, runners-up, and finalists.

Betterment: winner: Robo Advisor Tools, Founder of the Year (Jon Stein); runner-up: “A Penny Saved, A Penny Earned”

iBillionaire: finalist: Idea Generation Creating Proprietary Data

iQuantifi: finalist: Robo Advisor Tools, “A Penny Saved, A Penny Earned,” Idea Generation Strategy

LikeFolio: winner: Idea Generation Research Platforms & Tools

Market Prophit: runner-up: Idea Generation Creating Proprietary Data

Motif Investing: winner: Most Disruptive; finalist: Founder of the Year (Hardeep Walia), Alternative Investment

Personal Capital: runner-up: Idea Generation Strategy; finalist: “A Penny Saved, A Penny Earned”

Thinknum: finalist: Best Use of the Crowd, Most Promising Startup

TipRanks: winner: Idea Generation Trade Recommendations

Trunomi:. finalist: Best Enterprise Solution

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Finovate Alumni News

By David Penn Posted on April 20, 2015
Categories: AcceptEmail, BBVA, Bento for Business, Betterment, Global Debt Registry, Interactions, Lending Club, Mint Bills, Motif Investing, On Deck Capital, Prosper, WealthForge, Wealthfront, Yoyo

On Finovate.com

Britain’s Second Largest Mobile Wallet, Yoyo, Pulls $10 Million in Funding

Mint Bills Brings Mobile Billpay to One Million Customers of Quester Gas

Global Debt Registry Teams Up with TransUnion to Better Serve Debt Industry

Around the web

Bento for Business founder and CEO weighs in on the future of tech accelerators. See Bento for Business at FinovateSpring 2015 in San Jose next month.

Global Market Solutions joins the Misys InFusion Partner program.

TechCrunch column on fintech regulation features Lending Club, Motif Investing, Betterment, OnDeck, Wealthfront, Prosper, and WealthForge. Join WealthForge in San Jose for FinovateSpring 2015.

PYMNTS features AcceptEmail.

OnDeck partners with Angie’s List to offer financing to its service providers.

Paybefore selects InComm as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category.

Banking Exchange: Kabbage hopes to harvest more bank partnerships.

Check Point Software and FireEye partner to share threat intelligence to protect customers from modern advanced attacks.

Bank Innovation’s look at Voice Assisted Banking features Interactions.

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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OnFinance’s “50 Companies to Watch” Features Finovate, FinDEVr Alums

By David Penn Posted on April 17, 2015
Categories: AlphaPoint, Betterment, CardFlight, DRAFT, Jumio, Kensho, Plaid, Tradier, Zumigo

Alumni from both Finovate and FinDEVr are featured in AlwaysOn’s OnFinance “50 Companies to Watch” roster released this week.

AlwaysOn’s OnFinance “50 Companies to Watch” highlights “early to mid-stage startups focused on honing fintech innovation” that are effectively taking their technologies to market. This ability to “capitalize on enormous market opportunities” is what AlwaysOn uses to distinguish its “50 Companies to Watch” from its “Top 100” list published earlier this month.

“(The 50) are positioned at the inflection point of growth and are quickly emerging as contenders that are earning global recognition,” write the editors.

See for yourself. The full list is here. Below are the nine Finovate and FinDEVr alums that made the cut, along with a link to their most recent appearance on stage.

FinovateEurope 2015

FinovateFall 2011

FinovateSpring 2014

See them at FinovateSpring 2015

FinovateEurope 2015

FinovateEurope 2014

FinDEVR San Francisco 2014

FinovateSpring 2014

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on April 7, 2015
Categories: Backbase, Betterment, FIS, Heckyl Technologies, MX, StreetShares, Xignite

On Finovate.com

Finovate Debuts: StreetShares Helps Small Businesses Raise Capital

FinovateSpring 2015 has sprouted! Check out our first Sneak Peek, featuring 7 presenting companies.

Around the web

Backbase adds Payveris’ suite of payment APIs to the Backbase Open Banking Marketplace.

Evans Bank to deploy core banking technology from FIS.

Xignite teams up with ChartIQ to launch new market-data widgets.

Heckyl Technologies featured in e27’s list of 10 ‘need-to-know startups’ in Singapore and India.

Backbase adds MX’s PFM and account aggregation to the Backbase Open Banking Marketplace.

Wharton Fintech blog: How Betterment is Redefining the Retail Investment Landscape.

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

By David Penn Posted on March 25, 2015
Categories: BancVue, Betterment, Billhighway, Equifax, Financial Guard, Fiserv, FutureAdvisor, Insuritas, Intuit, Kofax, Lending Club, Lendio, Monitise, Motif Investing, On Deck Capital, PayPal, Rippleshot, ShopKeep POS, SocietyOne, TD Ameritrade, TD Bank, Zumigo

On Finovate.com:

Lendio Raises $20 Million in New Funding to Help Finance Small Businesses

Motif Investing Partners with Pacific Life to Offer Cause-Based Investing.

In Partnership with Equifax, Zumigo Further Protects Merchants.

Bank Innovation’s Coolest Brands of 2015 Features Finovate Alums.

Printer Giant Lexmark to Acquire Kofax for $1 Billion.

Around the Web:

ShopKeep POS acquires payment processing startup, Payment Revolution.

Financial Guard and FutureAdvisor are featured as alternatives in a Bloomberg column on “breaking up with your expensive adviser.”

Bank Innovation column on “InsuranceTech” and Fintech 1,000 lists Insuritas.

Opentabs integrates with PayPal to power its mobile app order-ahead services.

PYMNTS: Monitise takes itself off the market. CEO steps down.

Billhighway awarded Silver Stevie Award for Innovation in Customer Service in the Financial Services Industry category. It is the second win for Billhighway since 2013.

Dexterity Ventures (Place2Give) bolsters team with new CMO, Product Manager, Developer, and Office Assistant.

The FinTech Blog interviews Eli Broverman, Co-Founder and COO of Betterment.

Fiserv, TD Bank Group, Intuit, and PayPal rank among Forbes’ list of Americas’ Best employers.

SocietyOne appoints former Investec Group chief lending officer, Simon Schwarz, as new COO.

Ad Age highlights how BancVue seeks to level the playing field for community banks.

Rippleshot joined fellow winners of the Chicago Innovation Awards in ringing the closing bell at the Nasdaq on Monday.

BankNXT looks at the rise of marketplace lending platforms including Finovate alums Lending Club and OnDeck.

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

By David Penn Posted on March 23, 2015
Categories: Arxan Technologies, Betterment, FutureAdvisor, Kalixa, LearnVest, Motif Investing, Nomis Solutions, onlinepay.com, Personal Capital, Realty Mogul, SecureSafe, Top Image Systems, TransferWise, Uncategorized, Wealthfront, wipro, Xignite, Zooz

On Finovate.com

Finovate Debuts: OnlinePay.com’s Mobile Wallet Review.

Around the Web:

Estonian Inventor profiles TransferWise.

Wipro names Rajan Kohli to head the company’s year-old digital business unit.

Nomis Solutions partners with Tangerine to develop new customer engagement models.

Arxan Technologies wins finalist spot in SC Awards 2015 Europe for Best Mobile Security Solution.

Malay Mail Online feature on rob-advisors looks at Betterment, FutureAdvisor, LearnVest, Motif Investing, Personal Capital, and Wealthfront.

Milano Finanza reviews SecureSafe.

Kalixa leveraging recent acquisition of PXP to transition from DTC to B2B offering.

Zooz opens new office in London.

Globe Street interviews Realty Mogul’s SVP of residential lending, Shea Palette.

Xignite customers gain access to OTC Market Group’s 15-Minute Delayed Level 1 data courtesy of new agreement.

Business Insider UK lists Blockchain as one of the 25 most exciting Bitcoin startups.

American Banker: BBVA Compass chooses Kony for Mobile App Development.

Top Image Systems to provide processing solutions and account automation technology to German utility.

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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Alumni News: March 9, 2015

By David Penn Posted on March 9, 2015
Categories: Betterment, Bill.com, EverSafe, Fenergo, FutureAdvisor, iQuantifi, Motif Investing, Silanis Technology, Wealthfront

Irish Independent reports on Fenergo and its plan to raise at least €10 million by fall.

Lifehacker reviews elder financial abuse-prevention technology, EverSafe.

ETF Trends takes a look at Wealthfront, Betterment, FutureAdvisor, and Motif Investing in a column on “robo-advice.”

Silanis Technology to bring eSignLive’s esignature technology to Xpertdoc’s CCM platform.

BodeTree launches Cash Tracker to give businesses a full picture of their finances.

Dealstruck launches new financing product, Inventory Line of Credit, to meet needs of businesses with recurring needs to purchase inventory.

Matchi launches global fintech challenge to find banking solutions for Barclays Africa.

Mapa Research: Reports from The Frontline of Fintech: Finovate Day Two.

Benzinga unveils fintech award finalists; 12 Finovate alums featured.

iQuantifi wins spot in Plug and Play Fintech Accelerator.

Accounting Today spotlights Sheela Zemlin, the new SVP of Sales for Bill.com.

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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Benzinga Unveils Fintech Award Finalists; 12 Finovate Alums Featured

By David Penn Posted on March 6, 2015
Categories: Betterment, Darwinex, HedgeCoVest, iBillionaire, iQuantifi, LikeFolio, Market Prophit, Motif Investing, Personal Capital, Thinknum, TipRanks, Trunomi

On April 8th, the Finovate blog might be the second best place to find Finovate alumni.

The best place could actually be in New York at the Benzinga Fintech Awards where a dozen Finovate alums have been named as finalists to compete for Benzinga’s first, second, and third prizes, as well as honors for best in category. More than 115 companies competed to reach the finals in pursuit of the title of “Most Innovative Fintech Company.”

The first, second, and third place winners will earn ad impressions:

5 million for first, 1.5 milion for second, and 1 million for third.

The top three companies will also win licenses to the Benzinga Pro Real-Time News & Data Feed:

1-year for first place, 6-months for second, and 1-month for third.

The initial 115 companies were chosen by Benzinga readers. Making the final vote for top three will be event judges Steve Ehrlich, CEO of Honos Financial; Ron Insana, senior analyst, CNBC; Andrew Ackerman, managing director, Dreamit; Charlie Kroll, former CEO and founder of Andera; and Josh Brown, CEO of Ritholtz Wealth Management.

Below are the finalist categories, as well as the Finovate alums in each.

Idea Generation

Data

Trade Recommendation

TipRanks

Research

Like Folio

Strategy

Investment Vehicle

Alternative Investment

Special Categories

Best Enterprise Solutions

Trunomi

Best Use of the Crowd

Darwinex
Thinknum

Founder of the Year

Hardeep Walia, Motif Investing
Jon Stein, Betterment

Most Promising Startup

Thinknum

A Penny Saved, A Penny Earned

Motif Investing
Betterment
Personal Capital
iQuantifi

Most Disruptive

Motif Investing
HedgeCoVest

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Finovate Alumni News: March 3, 2015

By Julie Muhn (@julieschicktanz) Posted on March 3, 2015
Categories: Betterment, Bluefin Payment Systems, CrowdFlower, EyeVerify, HelloWallet, Linkable Networks, Malauzai Software, ThreatMetrix, Wealthfront, Xero

Your Daily Distraction: FinovateEurope 2015 Demo Videos Now Available.

Linkable Networks Rakes in $11.7 Million.

Pymnts discusses how Xero will use its recent funding.

ThreatMetrix now protects more than 1 billion mobile and web transactions each month.

TechCrunch: Wealthfront Now Manages More Than $2 Billion In Client Assets.

CrowdFlower launches Data for Everyone initiative, releasing data sets to the public.

Bluefin Payment Systems and Small Business Workbench partner for integrated payments.

HelloWallet, now owned by Morningstar, to deliver financial wellness software to Seagate employees.

BBC News feature on robo-advisers highlights Wealthfront and Betterment.

Malauzai Software and Payveris bring next-day P2P payments to First United Bank.

ZTE partners with EyeVerify to add Eyeprint ID to its Grand S3 handset.

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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Alumni News– February 27, 2015

By David Penn Posted on February 27, 2015
Categories: Betterment, Fidor Bank, Fiserv, FutureAdvisor, LearnVest, Lendio, Loop, MaxMyInterest, Motif Investing, Novabase, Online Banking Report, Personal Capital, Prosper, SigFig, Silanis Technology, Top Image Systems, Wealthfront, Xignite, Yodlee

Wired column looks at LoopPay and the evolution of digital wallets.

Silanis Technology partners with Box to help the cloud storage and file sharing specialist provide financial services.

Bank of the West to offer photo billpay courtesy of technology from Fiserv and Top Image Systems.

Finovate Debuts: Novabase Puts Watson-Powered Wizzio to Work Boosting Sales and Productivity.

Mainstreet reviews top roboadvisors including Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, Motif Investing, and LearnVest.

Prosper partners with Western Independent Bankers to offer consumer loans to unattractive borrowers.

Tech City News features video highlights from FinovateEurope 2015.

That Was Easy: Staples to Use Lendio to Power Small Business Lending.

Daily Fintech looks at programmable bank trends via APIs from Fidor, Open Bank Project, Yodlee, and Xignite.

AlleyWatch interviews MaxMyInterest CEO and founder Gary Zimmerman.

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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Betterment Raises a Fresh $60 Million in Round Led by Francisco Partners

By Julie Muhn (@julieschicktanz) Posted on February 20, 2015
Categories: Betterment, Funding

In what amounts to almost double its previous funding round, Betterment has pulled in $60 million in VC investment. The series D round was led by Francisco Partners, a technology-focused private equity firm. Existing investors Bessemer Venture Partners, Menlo Ventures and Northwestern Mutual also contributed.

The new installment boosts Betterment’s total funds to $105 million and will be used to speed transactions and rollovers for its 65,000 customers, as well as enhance branding for advisor apps and services.

According to the Wall Street Journal, Betterment is now valued at $400 to $500 million. In comparison, competitors Personal Capital and Wealthfront are valued at $250 million and $700 million, respectively.

In a conversation with Investment News, Betterment CEO, Jon Stein, stated, “We didn’t need to raise the money today,” He says it still has $20 million in the bank from its last funding round. However, he goes on, “We’re getting a lot of interest from investors.”

Betterment, which manages about $1.4 billion in assets, fits in the “robo-advisor” category; it seeks to disrupt the wealth management space with specialized algorithms and tools that use automation to lower the cost of a personal advisor service. CB Insights reports that robo-advisors raised a cumulative $290 million in funding last year, double the amount raised in 2013.

Betterment demonstrated its Multiple Goals Feature at FinovateFall 2011.

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Alumni News– February 20, 2015

By Julie Muhn (@julieschicktanz) Posted on February 20, 2015
Categories: Alkami Technology, Betterment, Digital Insight, Entersekt, Evo Snap*, EyeVerify, FIS, InComm, Level, Loop, MaxMyInterest, Moven, MX

InComm to offer Hip Digital access to selection of gift cards and delivery options.

Betterment Raises a Fresh $60 Million in Round Led by Francisco Partners.

FPS GOLD Partners With MX for Personal Financial Management.

US News features MaxMyInterest, Moven, and Level Money in a feature on money-saving and simplifying tools.

Alkami Technology Brings its Digital Banking Platform to Patelco Credit Union.

Samsung Acquisition of LoopPay Puts Apple Pay on Notice.

FIS earns new ISO certification.

TheStreet.com column on new security technologies for banks features EyeVerify and Digital Insight.

EVO offers processing to underserved direct response merchants.

Moneyweb mentions Entersekt’s role in South African-based fintech.

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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