Finovate Alumni News

On Finovate.com

  • Expensfy Brings Auto Expensing to Lyft Business Riders.
  • Ephesoft Earns $15 Million Investment from Mercato Partners.
  • Summit View: What Drives Innovation in Regtech and Insurtech?

Around the web

  • LendingClub expands partnership with Opportunity Fund to help entrepreneurs access capital.
  • Gene Lockhart appointed Chairman of DemystData.
  • BioCatch receives patent for detecting the presence of remote access tools.
  • eToro launches Crypto CopyFund that includes top cryptocurrencies.
  • Segmint partners with IBM to enhance Financial Institutions’ data ACI Worldwide expands in Romania
  • FICO extends cybersecurity score to rate 4th party risks.
  • BrightFunds and Roostify named to Forbes Cloud 100.
  • GreenKey Technologies partners with Red Box Recorders to launch trading voice collaboration and compliance recording solution.
  • American National Bank selects Jack Henry Banking’s SilverLake System.
  • Hip Pocket graduates from Points of Light Civic Accelerator.
  • Financial Resources Federal Credit Union Teams with Roostify to Create Better Online Mortgage Experience.
  • Santander partners with supply chain finance startup Tradeshift.
  • Bancpass issued patent for its mobile payment technology.

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

On Finovate.com

Around the web

  • Pymnts interviews Rich Aberman, WePay co-founder.
  • TradeSharp integrates with Tradier to offer brokerage services and enhanced trading strategies.
  • Gwyneth J. Gaul joins Bright Funds as the company’s new vice president of corporate partnerships.
  • Dividend.com features several alums in its discussion on how robo-advisors are changing the investment world.
  • Washington Technology Industry Association creates video about Lighter Capital.
  • InComm to expand offerings in Asda, the United Kingdom-based subsidiary of Walmart.
  • PayPal acquires mobile commerce platform Modest, its first acquisition as a standalone, public company.
  • Socure appoints Michael Hiskey as vice president of marketing. Join Socure at FinovateFall 2015 in New York.
  • Investment News quotes Hedgeable CEO Mike Kane on bitcoin’s prospects as an alternative asset class. See Hedgeable in New York at FinovateFall 2015.
  • Avidia Bank ($1.2 billion) to deploy Cardless Cash ATMs courtesy of partnership with FIS.
  • Eco-Mail names John Schloff as managing director of marketing. Catch Eco-Mail live at FinovateFall 2015 in September.
  • CardFlight’s SwipeSimple to power Integrity Mobile’s mPOS tech.
  • Pindrop Security appoints Mike Vandiver as chief financial officer.
  • Check out this week’s FinDEVr APIntelligence.
  • Australia-based SocietyOne hits $200m in applications.

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.

Bright Funds Closes Seed Round with $1.8 Million Investment

BrightFunds_homepage_June2015

Bright Funds has announced the successful closure of its Series Seed funding round. The financing was led by Aspiration Growth and featured participation from investors including 10K Investments, Bloomberg BETA, Mission & Market, and Wellspring Growth Partners. Individual investors Godfrey Sullivan and Frank Yeary were also involved.

Bright Funds CEO and co-founder Ty Walrod said that the funding would help the company “move enterprises large and small beyond the largely transactional employee giving programs in the marketplace today.” Bright Funds has developed technology, the Bright Funds Enterprise platform, that seamlessly integrates into payroll and human resource information systems (HRIS), making it easier to launch and manage charitable giving programs. From vetting potential charities and issuing payments to managing employee contributions and tracking volunteer time, the platform is designed to provide, in Walrod’s words, “a much more rewarding experience for employer and employee alike.”

The funding takes the total equity capital for Bright Funds to more than $3 million.

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From left: Bright Funds co-founders Rutul Dave, chief of products and marketing, and CEO Ty Walrod demonstrated their charitable giving platform at FinovateSpring 2013 in San Francisco.

Bright Funds serves more than 30,000 charitable givers at more than 25 different companies and organizations. Charitable givers on the platform are provided a portfolio that allows them to concentrate all of their donations within a single theme, such as education or the environment, or to divide the contribution over multiple themes (70% Global Health; 30% Anti-Poverty). More than 1.5 million pre-screened nonprofits are represented on the platform. Donations through the platform are 100% tax deductible, and there is no charge to open an account with Bright Funds.

Bright Funds has been in the news recently with its commitment to help facilitate charitable donations to Nepal in the wake of the spring 2015 earthquakes that took the lives of thousands. The company was featured in a Forbes.com column on the relationship between technology and community, and profiled in a San Francisco Business Times article on how Bright Funds “mines tech companies and their employees for philanthropic dollars.”

Bright Funds made its Finovate debut at FinovateSpring 2013. The company was founded in February 2012 and is headquartered in San Francisco, California.

Finovate Alumni News

On Finovate.com

  • Bright Funds Closes Seed Round with $1.8 Million Investment
  • Zooz Launches Insights to Give Merchants Actionable Intelligence on Customer Behavior

Around the web

  • APCI Federal Credit Union to deploy core processing technology from Jack Henry & Associates’ Symitar division.
  • EU Startups interviews Sebastian Diemer, Kreditech CEO.
  • New COO David Obrand leads team of new executive hires at Radius.
  • Shell Geismar Federal Credit Union chooses account processing platform from Fiserv.
  • Mambu enhances platform to help smaller FIs manage the requirements of lending to SMEs.
  • Techli St. Louis features Hip Pocket as 1 of 3 finalists for its most promising startups award.
  • Glassdoor ranks Lending Club CEO Renaud Laplanche as one of the highest-rated CEOs for 2015.
  • Hedge funds can run but not hide from disruptors like HedgeCoVest and DarcMatter, according to Daily 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.

Finovate Alumni News

On Finovate.com

Around the web

  • Forbes column on a “$30 trillion customer service experience” features insights from Motif Investing CEO Hardeep Walia.
  • Wells Fargo funding authorizes ApproveIt Web Server from Silanis Technology as part of their approved e-signature solutions program.
  • Sun Sentinel article highlights Toshl Finance in a discussion on the eight things you should know before going to college.
  • Column on RIAs and the active ETF market quotes AlphaClone CEO Mazin Jadallah.
  • Bright Funds establishes six disaster-response funds to support Nepal disaster relief.
  • The Economist features Lending Club, Prosper, Zopa, and Kreditech in its look at P2P lending and “financial democracy.”
  • Axis Bank launches Ping Pay, a multisocial payment app, in partnership with Fastcash.
  • PYMNTS.com considers what itBit’s New York banking license and $25M funding means for the broader bitcoin community. See itBit at FinovateSpring 2015 in San Jose this week.
  • ACI Worldwide signs Letter of Commitment to support U.K. Faster Payments Scheme’s New Access Model.

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.

Alumni News– January 12, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinancial Simplicity and T&C Consulting launch joint venture.
  • Bernard Lunn writes about the revolutionary “license as a service model” of Fidor Bank.
  • Forbes column on technology and community features Bright Funds.
  • ABS-CBN News highlights Toshl Finance among its “5 money moves for 2015.”
  • Business Insider looks to TipRanks to find top stock pickers from 2014.
  • BillGuard, LoopPay, and TransferWise earn spots on Motley Fool’s list of fintech startups that can help consumers handle money in 2015.
  • Open Bank Project is organizing 2 hackathons in Ireland (Dublin and Belfast) for Ulster bank. The first is in Dublin this month.
  • No Need to Fax: Kofax Launches E-Signature Solution, SignDoc.
  • Cachet Financial Solutions appoints Bruce Whitmore as New Executive Vice President and Chief Information Officer.
  • Bluefin Payment Systems partners with Industry Retail Group (IRG) to provide PCI-Validated Point-to-Point Encryption to IRG Clients.
  • AdviceGames CEO Diederick van Thiel, Talks About Gamification.
  • Mobile Commerce Daily reviews PayPal’s new BlackBerry app.
  • DoughRoller interviews Blooom founder Chris Costello.
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– December 16, 2013

  • Finovate-F-Logo.jpgMoneyDesktop to power Kasasa 360 Financial Management Platform.
  • SF Gate reports: SecondMarket allows IRA investment in Bitcoin.
  • Crowdfund Investor features SocietyOne’s P2P Lending platform.
  • Digital Journal promotes Personal Capital and FutureAdvisor.
  • Biometric Signature ID profiled in Huffington Post column on identity proofing.
  • San Francisco Business Times’ Bay Area BizTalk features Bright Funds.
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– November 25, 2013

  • Finovate-F-Logo.jpgAtos to become preferred partner for one of the largest Islamic banks in the world for their solution based Backbase.
  • Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.
  • Moven, Meniga, GoBank, mBank, MoneyDesktop, BBVA Compass, and CaixaBank make Marous’ “Digital Banking Nirvana”.
  • American Banker review of new research on e-statement adoption notes role of Check and GMC Software Technology.
  • Charitable givers now able to use Square Cash to donate via Bright Funds.
  • ACI Worldwide extends ATM-powering relationship with VocaLink to 2021.
  • MasterCard now accepted for ATM cash withdrawals at Myanmar’s Ayeyarwady Bank Ltd.
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 1, 2013

  • Personal Capital to open Denver office.
  • Purchasing Insight reports: Taulia to bolster their presence in Europe.
  • Cardlytics announces new brand identity, including new logo and redesigned website.
  • CurrencyFair wins “Most Insightful & Intriguing Internet Innovation” at IIA Net Visionary Awards.
  • Leaf raises $20 million from Heartland Payment Systems.
  • Bright Funds announces support for PayPal.
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.

BrightFunds Brings an Investment Approach to Individual Philanthropy

Thumbnail image for BrightFundsLogoSm.jpgThis post is part of our live coverage of FinovateSpring 2013.

Our final presenter ahead of the break is BrightFunds. The company’s innovation addresses a growing need in online charitable giving.
“Bright Funds offers a simple, elegant tool to the financial services sector for effective charitable giving management. With Bright Funds, individuals create personalized giving portfolios and contribute to thoroughly researched funds of highly effective nonprofits addressing the greatest challenges of our time. Bright Funds combines the power of research, the reliability of a trusted financial service, and the convenience of centralized contributions and tax reporting.”
Product Launched: Beta November 2012; official launch May 2013
HQ Location: San Francisco, California
Company Founded: February 2012
Metrics: Raised $350,000; 4 full-time employees; thousands of members; signed enterprise partners
Twitter: @BrightFunds
Presenting Ty Walrod (CEO & Co-Founder) and Rutul Dave (Chief Products & Marketing & Co-Founder)

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