Capital Access Network Archives - Page 3 of 4

Finovate Alumni News– September 27, 2012

By Julie Muhn (@julieschicktanz) Posted on September 27, 2012
Categories: BillGuard, Billhighway, Bolstr, Capital Access Network, CommunityLend, Compass Plus, Credit Sesame, Currensee, Digital Mailer, Fiserv, Giftly, Kabbage, Locaid, Mortgagebot, PaySimple, PayTap, SafetyPay, ShopKeep POS, Tuition.io, Yodlee, ZipZap

ZipZap to power global cash payments for omba.

Forbes mentions Credit Sesame, Tuition.io, PayTap, Digital Mailer as 4 tools to help you manage your money.

Capital Access Network closes $295 mil credit that to serve the small business community.

PYMNTS chats with Kabbage’s co-founder & chief operating officer, Kathryn Petralia.

GambleID taps Locaid for geolocation services.

PC World features Yodlee, ShopKeep POS, Bolstr, PaySimple, CommunityLend, & Billhighway.

CU Times reports Mortgagebot Launches First Credit Union on Integrated Platform.

SafetyPay, in conjunction with the Bank of Montreal, the RBC, TD Bank & Scotia Bank, offers online payment service via Canadian Interac network.

Fiserv selected as Affinity Provider in FPA Practitioner Resource Guide.

CNet features Giftly’s iPhone app.

Currensee delivers PAMM Replacement Solution for CTAs and Money Managers.

Netbanker: BillGuard is first financial service to Integrate with the New iPhone Passbook Wallet.

Compass Plus partners with WorldWide 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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Finovate Alumni News– September 25, 2012

By Julie Muhn (@julieschicktanz) Posted on September 25, 2012
Categories: Bill.com, Capital Access Network, CommunityLend, Figlo, FreeMonee, InComm, Kabbage

New Dutch bank uses Figlo Platform to offer online financial overview.

InComm & ValuAccess partner to expand prepaid market in Hong Kong.

Las Vegas Review-Journal reports Kabbage helps e-tailer keep the orders moving.

FreeMonee wins Bronze Stevie Award in 2012 American Business Awards.

ChecknGo FinLab Blog interviews Casper Wong of CommunityLend.

Capital Access Network announces increased availability of small business loans through subsidiary, NewLogic Business Loans.

Bill.com named 2012 Product of the Year by the Business Intelligence Group.

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– August 17, 2012

By Julie Muhn (@julieschicktanz) Posted on August 17, 2012
Categories: Capital Access Network, Dwolla, Kabbage, On Deck Capital

Ben Milne, Dwolla CEO, speaks about payments during TedXDesMoines talk.

Los Angeles Times looks at how Kabbage, On Deck Capital, and Capital Access Network work in the microlending space.

Bloomberg Businessweek interviews Robert Frohwein, CEO of Kabbage.

On Deck celebrates 5th birthday, ranked number 302 on Inc. 500 list.

Bank Innovation’s impression of 6 Finovate demo-ers that promise new products.

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– August 8, 2012

By Julie Muhn (@julieschicktanz) Posted on August 8, 2012
Categories: Bazaarvoice, Capital Access Network, FreeMonee, InComm, Nutmeg, Striata, Virtual Piggy

MyBankTracker.com profiles Virtual Piggy.

Check out this month’s CEO interview Michael Wright of Striata.

FreeMonee brings in $34 mil in series B funding.

Bazaarvoice partners with consulting firm Booz & Company.

InComm partners with Galaxia Communications to distribute gift cards to Korean retailers.

Citywire’s WealthManager interviews Nick Hungerford CEO of Nutmeg.

Information Week profiles Franck Fatras of Capital Access Network.

Virtual Piggy to provide child-safe e-commerce solution for Under-18’s to The American Society for the Prevention of Cruelty to Animals.

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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First Quarter 2012 Funding for Finovate Alumni, $150 Million Raised

By Julie Muhn (@julieschicktanz) Posted on April 20, 2012
Categories: Boku, Capital Access Network, Currensee, Dwolla, eToro, Finsphere, HelloWallet, Jemstep, Kabbage, ThreatMetrix, Xero

Since we are nearing the end of the first quarter, we wanted to look back at all of the Finovate alums who have raised funding over the past few months.

Here’s the month-by-month breakdown:

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

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

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Capital Access Network Brings in $30 Million From Accel Partners

By Julie Muhn (@julieschicktanz) Posted on February 13, 2012
Categories: Capital Access Network

Capital Access Network, the startup that aims to provide working capital to small businesses, announced last Tuesday that it raised $30 million from Accel Partners.

CAN seeks to use the investment to further company growth and create a new category of small business finance.

Capital Access Network CEO, Glenn Goldman states:

“While we had no need for capital, the Accel relationship came along in the midst of our total reengineering of our online merchant experience which by April 2012 will feature new user interfaces, merchant portals and online approvals. Working with Accel will turbocharge those efforts,”

In addition to this announcement, it also disclosed that Kevin Efrusy, an Accel partner, will join Capital Access Network’s board of directors.

To learn more about Capital Access Network, watch its FinovateEurope 2011 and FinovateFall 2010 demos.

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Finovate Alumni News– February 13, 2012

By Julie Muhn (@julieschicktanz) Posted on February 13, 2012
Categories: Capital Access Network, Kabbage, Kapitall, Nutmeg, On Deck Capital, Personal Capital, ProfitStars, Rebirth Financial, TrustedID, Xero

Personal Capital launches “Savings Concierge” service for high rates & strong safety.

ProfitStars introduces eCommercial Security Awareness Training.

Nutmeg shares its Finovate experience.

Xero wins 2012 Top New Accounting Product from Accounting Today.

Fox Business News highlights Capital Access Network, Kabbage, and On Deck Capital as non-bank loan resources.

Kapitall Generation enables next-day funds transfer.

Wall Street Journal blog reports TrustedID buys reputation manager, Reppler.

Capital Access Network brings in $30 million from Accel Partners.

Rebirth Financial featured in Forbes.

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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Capital Access Network Helps Banks Give Small Businesses Alternative Funding

By Julie Muhn (@julieschicktanz) Posted on December 22, 2011
Categories: Capital Access Network

Last month, Capital Access Network (CAN) revealed two new services that help banks find alternative funding for small to medium sized businesses who don’t qualify for traditional loans. Its Different Look and Pre-Look programs were developed to fill the gap between the increasing number of loan requests and the bank’s lacking ability to meet those requests with traditional loans.

Here’s how they work:

Different Look

After a small business’ loan application is denied, this reactive approach uses non-traditional underwriting methods that leverage CAN’s Daily Remittance Platform to find alternative funding products.

Pre-Look

Based on a client’s profile information, CAN uses its behavioral modeling, a consideration of 90 different variables, to determine who will need capital over the next 12-18 months. This proactive approach also leverages the Daily Remittance Platform, but allows the bank to offer the applicant alternative funding even before they apply for a loan.

Quick facts:

5 days: The amount of time it takes for new applicants to receive funding. Renewal customers can get funding in the same day they apply.
$30,000: The average amount of funding provided.
75%: The percentage of businesses that are willing to renew funding

To learn more about Capital Access Network, watch its FinovateEurope 2011 demo.

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Capital Access Network’s Risk Determination Method

By Julie Muhn (@julieschicktanz) Posted on August 26, 2011
Categories: Capital Access Network

Working capital provider, Capital Access Network, was recently featured in American Banker for its Daily Remittance Platform that was revealed last October. This platform:

“Took the ‘overall most innovative’ category in Barlow Research Associates’ Monarch Innovation Awards, which recognizes financial industry innovation. One of the judges, Robert Seiwert of the American Bankers Association, says the concept takes valuable information that used to be considered the proprietary information of analytics firms and makes it available to any bank that wants to pay for it.”

This innovative platform provides lenders with information on the risk level of borrowers by using a non-traditional method that shies away from credit scores, business plans and financial statements.

“What Capital Access has come up with is a third way,” Seiwert says. “Instead of waiting 30, 60, 90 days after a quarter is over to get the financial statements, we can get data daily and get into the heartbeat of a business to figure out how it’s doing.”

This transparency, along with the 13 years of information from previous funding, allows Capital Access Network to lend more confidently. This is especially helpful for borrowers in non-traditional businesses and more challenging industries.

To see Capital Access Network’s Daily Remittance Platform in action, watch its demo from Finovate Europe 2011.

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Alumni News — Week of May 23, 2011

By Julie Muhn (@julieschicktanz) Posted on May 31, 2011
Categories: Aptys Solutions, Backbase, Betterment, Bill.com, Boku, Capital Access Network, Credit Karma, Doxo, Dwolla, edo Interactive, Expensify, Kabbage, Lending Club, LendingKarma, Lendio, Lodo Software, Monitise, Mortgagebot, PayDivvy, PayNearMe, peerTransfer, ProfitStars, Robot Dough, SecondMarket, Smarty Pig, Striata, ThreatMetrix, TILE Financial, TradeKing, Tyfone, Wikinvest, Wonga, Xero, Zecco, Zopa

Aptys Solutions
Aptys Solutions signed with Banker’s Bank, a top check depositor with the Federal Reserve Link

Backbase
Backbase to host webinar on how to use social media in financial services Link

Betterment

Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
Betterment celebrated its first birthday Link

Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link

Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link

Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link

Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link

doxo

doxo’s first fan video was posted online Link
Oregon employees were the first to give its members doxo’s online file cabinet Link
TechFlash highlighted the benefits of using doxo to achieve paperless business Link
2Minute Finance interviewed doxo at FinovateSpring Link

Dwolla

Dwolla was listed by inc Tech as one of three startups you must know from Big Omaha Link
Credit Union Times listed Dwolla as a new P2P service rivaling ‘bank giants’ Link

edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link

Expensify
Slate explained how Expensify will help the ‘frequent flier’ Link

Kabbage
Technorati described how Kabbage works with eBay Link

Lending Club

Mint.com’s blog covered what you need to know about Lending Club Link
San Francisco Business Times commented on Lending Club’s strong backing from both investors and lenders Link
San Francisco Times reported that Lending Club stated it is not planning to go public for several years Link

LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link

Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link

Lodo Software
Lodo Software was described as a startup providing jobs in the “Silicon Prairie” region, a.k.a. Omaha Link

Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link

Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link

PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link

PayNearMe
BillShrink examined PayNearMe’s cash payment service Link

peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link

ProfitStars
ProfitStars announced a new version of Margin Maximizer that’s now available as a hosted solution Link

Robot Dough
2MiniuteFinance toured RobotDough’s demo during interview at Finovate Spring Link

SecondMarket

Wall Street Journal stated that SecondMarket helped fuel the tech boom Link
CNBC interviewed SecondMarket for an explanation of the change in trading numbers Link and Link

Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link

Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link

ThreatMetrix
San Francisco Chronicle covered ThreatMetrix’s research around mobile transaction activity Link

TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link

TradeKing
TradeKing divulged the lineup of its free webinars in June Link

Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link

Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link

Wonga

Wonga won 2011 Red Herring Top 100 Europe Award for exceptional accomplishments Link
Wonga won the Media Momentum Awards, a coveted award for digital media companies in Europe Link
Wonga’s Errol Damelin discussed consumer-centric credit Link

Xero

Diversity Limited commented on Xero’s move to the US markets Link
Xero and Keebo teamed up to help you manage and process receipts Link
New Zealand Herald commented on Xero’s surging revenue Link

Zecco

The Wall Street Journal reviewed Zecco’s new Facebook app Link
Zecco launched an app for stock trades & viewing realtime market data on Facebook Link

Zopa
Zopa shows how it helps consumers protect against inflation Link

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Alumni News — Week of April 25, 2011

By finovate Posted on May 2, 2011
Categories: Alumni News, Bill.com, BrightScope, Capital Access Network, CashEdge, Credit Karma, FinovateSpring 2011, Geezeo, Xero, Yodlee

On April 27, Prosper gave 200 new lenders $104 to get started. The company is celebrating the news that prosper lenders are averaging 10.4% returns. http://bit.ly/finovate426111

American Banker on Yodlee and Geezeo growth in the PFM market. Yodlee grows French market, and Geezeo signs more credit unions. http://bit.ly/finovate429111

Author Jean Chatzky opens her Debt Diet Challenge to 5 Credit.com readers who are in debt. http://bit.ly/lDmZ54

Bank Innovations highlights six companies as noteworthy to see at Finovate Spring on May 10th & 11th in San Francisco. http://bit.ly/kqBr39

Bill.com releases site upgrade. The upgrade, made over the Easter weekend, includes improved calendar, a revised mobile application, receivables managements and online payments and more. http://bit.ly/finovate427113

BrightScope featured on TechCrunch. The post highlights BrightScope’s launch of advisor pages. http://tcrn.ch/finovate426113

Capital Access Network awarded prestigious award. The company won the 2011 Monarch Innovation Award from Barlow Research Associates. http://bit.ly/finovate425113

CashEdge’s Small Business Survey finds that small businesses want electronic payment solutions. http://bit.ly/kmC1lM

Consumer Reports integrates BillShrink’s recommendations into reviews. BillShrink has similar affiliate relationships with Walmart.com and T-Mobile. http://tcrn.ch/finovate426112

Credit Karma releases Credit Score Climate Report stating credit scores fell two points in the Q1 2011. http://mwne.ws/lnXZn7

Currensee makes Lead411’s Hottest Boston Tech Companies list second year in a row. See them at Finovate Spring. http://bit.ly/lmrLNK

H&R Block names former eBay exec as new CEO. http://buswk.co/ipszZa

Mengia signs with Icelandic banks, Arion and Landsbanki. Mengia will provide PFM services to both banks, which will provide 90% of Icelandic banking customers with access to an integrated PFM platform. http://bit.ly/finovate427112

Monitise launches Hong Kong mobile service with JETCO, which will help it break into the Asia Pacific market. http://bit.ly/kEEcCP

Stock Twits names Francisc Costello chief operating officer. http://bit.ly/finovate429114

Tile Financial releases the “Spend Grow Give” app. Now available free in the App Store. http://bit.ly/finovate425111

USA Today covers BrightScope’s new tool for choosing the right financial adviser & informs what attributes to look for. http://usat.ly/msrb7l

Wescom Resources Group offers Geezeo PFM to clients. Wescom will be rolling out Geezeo as a complement to the Credit Union’s existing online banking platform. http://bit.ly/finovate425112

Xero releases Xero Touch, its new app built on HTML5 that will run on iPhone, Android, Windows7 and Blackberry. http://bit.ly/eLPrdA

Yodlee holds a mobile banking webinar on May 3. Attendance is free. Details online at http://bit.ly/finovate427111

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Alumni News — Week of March 28, 2011

By finovate Posted on April 4, 2011
Categories: Betterment, Bill.com, Bling Nation, Bobber Interactive, Capital Access Network, eRollover, mFoundry, Mint.com, Silver Tail Systems, Sybase 365, Xero

To follow Finovate alumni news in real time, follow us on Twitter here.

Bill.com and Doxo recognized as “AlwaysOn OnDemand 100 Top Private Company.” http://bit.ly/finovate329114 http://bit.ly/finovate329115

Bling Nation launches Social Connect platform. The platform allows Bling users to connect online with social rewards features from their favorite merchants. http://bit.ly/finovate328113

Bobber Interactive garners $1.1 million Series A funding round. This funding round was led by PEAK6 Investments. http://bit.ly/finovate41113

Capital Access expands remittance program to include Puerto Rico and 21 more countries. The Capital Access platform is designed for “daily” remittances and revenue-sharing programs. http://bit.ly/finovate329111

COCC selects mFoundry as mobile banking partners. The company has selected mFoundry’s mobile INSIGHT product for multi-mode mobile banking services. http://bit.ly/finovate328114

Mint.com launches “Quest for Money” online game. The game is intended for middle school students and is available to play online. http://bit.ly/finovate411111

Morningstar to provide mutual fund Platform to eRollover. eRollover users will have access to Morningstar’s historical information and comparison tools for mutual funds. http://bit.ly/finovate329113

See Betterment.com on NBC New York. http://bit.ly/finovate328111

Silver Tail Systems wins Emergent Technology Award. The award, given by the Merchant Risk Council, is rewarding the company’s innovative security systems. http://mwne.ws/finovate328112

Sybase argues NFC is “way overhyped.” In VentureBeat Sybase President Marty Beard argues that it isn’t proven that NFC really is better than the other technologies available. http://bit.ly/finovate41112

Xero launches integrated payroll solution. http://bit.ly/finovate329112

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