Credit.com Archives

Credit.com Looks to Even Financial to Power Personal Loans and Content

By Julie Muhn (@julieschicktanz) Posted on March 15, 2018
Categories: Credit.com

Consumer credit and personal finance site Credit.com announced today it is looking to Even Financial to power an enhanced personal loan marketplace on its site, as well as related content tools.

This will help Credit.com offer a built-in loan matching experience that helps members find a loan personalized to their needs. The integration relies heavily on Even’s technology that leverages machine learning, big data and a network of financial products. The new marketplace is superior to Credit.com’s previous loan referral setup that would direct users to individual lenders’ websites. With the new approach, users can get approved in real-time without needing to leave the Credit.com site. The new loan marketplace will launch in the second quarter of this year.

In a statement, Credit.com GM Jason Owen expressed the superiority of the new loan marketplace when he said, “We expect this agreement will result in a more enjoyable user experience for our members as we aim to provide them with more variety, options, and significant user benefits.”

This isn’t the first time Credit.com has worked with Even– the two players have been partnered since 2016. And it likely won’t be the last time the two work together. In fact, Credit.com plans to extend the marketplace concept to other financial offerings, including mortgages, savings accounts, and insurance products.

If you’re a true Finovate veteran, you remember Credit.com’s Best of Show-winning demo at Finovate 2009, where the company launched the Credit Report Card. Credit.com was founded in 1995 and is headquartered in San Francisco, California.

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Alumni News– August 15, 2014

By David Penn Posted on August 15, 2014
Categories: Betterment, Braintree, Credit.com, DoubleBeam, FutureAdvisor, GoBank, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, VerifyValid, Wealthfront

Check out our latest CEO Interview: Paul Doyle of VerifyValid.

Credit.com releases new version of its iPhone mobile app.

Pymnts: EBay in talks to accept Bitcoin through its Braintree unit.

Pymnts compares DoubleBeam to the Merchant Customer Exchange.

GoBank now holds mobile check deposits for less than 10 days.

Forbes features multiple Finovate financial management and wealth planning alums: LearnVest, Personal Capital, FutureAdvisor, SigFig, Wealthfront, Betterment, Motif, and Kapitall.

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 24, 2013

By Julie Muhn (@julieschicktanz) Posted on January 24, 2013
Categories: Access Development, Bazaarvoice, BBVA, Boku, Credit Agricole, Credit.com, Keynote DeviceAnywhere, peerTransfer, SecondMarket, TASCET, True Office, TSYS

The WSJ looks at angel investing via SecondMarket.

BOKU announces mobile payments partnership with U.S. Cellular.

In 4Q 2012, peerTransfer partnered with 51 schools. Over 25% of international students in the U.S. can pay their education expenses using peerTransfer.

TSYS announces partnership with Priority Payment Systems.

Jim Offerdahl appointed as new Bazaarvoice CFO.

Credit Agricole is the first bank in Portugal to provide contactless cards. See their demo at FinovateEurope in February!

Keynote offers free mobile testing via DeviceAnywhere.

American Banker reports: Iowa Bank Creates Digital Identities from Fingerprints & Photos using TASCET’s Financial ICONN software.

VentureBeat reports BBVA pools $100 million fund to invest in fintech startups. Come see BBVA’s live demo at FinovateEurope.

Credit.com announces “best balance transfer card” as part of Best Credit Cards in America series.

TrueOffice announces $3 million raised in Series A financing. Catch their demo at FinovateEurope in February.

Access Development launches “Savings Across America” customer incentive product.

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 21, 2013

By David Penn Posted on January 21, 2013
Categories: ACI Worldwide, BBVA, Credit.com, Dwolla, Lending Club, Movenbank, Pageonce, SafetyPay

Android Does takes a look at the latest update to Pageonce Money & Bills app.

ACI Wordwide announces winners of its Excellence Award for 2013.

Forbes considers Movenbank’s view of online reputation. See Movenbank demo live at FinovateEurope February 12 and 13.

The Des Moines Register takes an inside look at Ben Milne’s thoughts on the future of Dwolla.

SafetyPay announces record growth: Number of transactions in 2012 increased 149% over 2011, the dollar value of transactions increased by 88.5% in 2012 over 2011.

BBVA announces mobile RDC for iPhone. Come see BBVA demo its new tech at FinovateEurope in London.

Lending Club issues the 100,000th loan on its lending platform.

Credit.com‘s “Credit Cards” app now available on Google Play.

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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Credit.com Leverages Experian’s IntelliView

By David Penn Posted on January 4, 2013
Categories: Credit.com, Experian

Late last year, Experian announced that it had developed a web-based searchable database to help plow through consumer credit data. And now, fellow Finovate alum, Credit.com has put the database to use.

IntelliView uses a representative, 10% sample of Experian’s database, which tracks more than 200 million customers in the United States. IntelliView allows searches and queries based on several categories:

bank cards
retail cards
automotive loans
first mortgages
second mortgages
home equity lines of credit
personal loans

Credit.com used the web-based query analysis software to create a list of the top 10 states in terms of highest average bank card balance in the third quarter of 2013 (the last quarter for which data was available).

The data for IntelliView is the same as that used by Experian-Oliver Wyman Market Intelligence Reports, which accesses Experian’s aggregated quarterly consumer credit data. The service is available by subscription from Experian.

See Experian’s latest Finovate demo here. Credit.com’s most recent demo at Finovate is here.

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Finovate Best of Show Winners: 2007 to Present

By Julie Muhn (@julieschicktanz) Posted on March 9, 2012
Categories: BancVue, BankOns, Best of Show, Betterment, BillGuard, BillShrink, Bobber Interactive, Bundle, Cardlytics, CheckFree, Credit Karma, Credit.com, Dwolla, Dynamics, eToro, Expensify, FamZoo, FeeFighters, Finantix, Intuit, Jwaala, Kasasa, LearnVest, Liqpay.com, Meniga, Mint.com, Mitek, MoneyAisle, Mortgagebot, Nutmeg, Offermatic, oFlows, PayNearMe, Personal Capital, Prosper, SecureKey, Silver Tail Systems, Simplifi, Truaxis, Wikinvest, Yodlee, Zecco, Zopa

We recently looked back at Finovate’s Best of Show Awards archives and wanted to share the list of the 41 award-winning companies.

Here’s the Best of Show history that stretches back to 2007, the inception of Finovate:

Held October 2, 2007

Mint: Online PFM for individuals

Demo

Mortgagebot’s Mortgage Marvel: Mortgage marketplace

Demo

Prosper: P2P lending network

Demo

Held April 29, 2008

First ROI (now BancVue): Develops products and services for community financial institutions

Jwaala: Provides software solutions to help financial institutions compete

Demo

Zecco: Online stock and options trading

Demo

Zopa: P2P lending network

Demo

Held October 14, 2008

CheckFree: Online banking platform

Demo

Credit Karma: Provides a free and easy way for consumers to understand, monitor and monetize their credit profile

Demo

Mint: Online PFM for individuals

Demo

Neosaej’s MoneyAisle: Platform where banks compete in live auctions for an individual consumer’s business

Demo

Held April 28, 2009

BillShrink (now Truaxis): Provides a free cost-savings tool that saves consumers money on everyday bills

Demo

Prosper: P2P lending platform

Demo

Silver Tail Systems: Predictive analytics to prevent fraud abuse

Demo

SimpliFi: A web service that allows anyone to create and update their own financial plan

Demo

Held September 29, 2009

BancVue’s Kasasa: national checking/ savings account brand for community financial institutions

Demo

Credit.com: Provides free interactive tools, education, and unbiased comparisons of quality financial products and services

Demo

Digital Insight from Intuit: Provides on-demand banking services to help financial institutions serve clients

Demo

Silver Tail Systems: Provides online fraud detection platform

Demo

Yodlee: Provides personalized financial solutions to financial institutions

Demo

Held May 11, 2010

Bobber Interactive: Money management platform for youth

Demo

Expensify: Online and mobile expense report platform

Demo

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Demo

Wikinvest: A platform for investors to share trading tips

Demo

Held October 4-5, 2010

Betterment: Investment account for savings management

Demo

BillShrink (now Truaxis): Loyalty rewards provider

Demo

Bundle: Provides socially informed money management for individuals

Demo

Dynamics: Produces and manufactures intelligent powered cards

Demo

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Demo

PayNearMe: Cash transaction network for the underbanked

Demo

SecureKey: Token-based authentication technology

Demo

Held February 1, 2011

eToro: Social investment network

Demo

Finantix: Provides sales and advice solutions for financial services

Demo

Liqpay: Payments platform

Demo

Meniga: Online PFM for financial institutions

Demo

Held May 10-11, 2011

BancVue: Develops products and services for community financial institutions

Demo

BankOns: Mobile app offering consumers real-time savings at local merchants

Demo

Dwolla: Online, mobile, and social peer-to-peer payment platform

Demo

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Demo

Mitek Systems: Provides apps for smartphones that allow users to deposit checks and pay bills via their devices’ cameras

Demo

PayNearMe: Cash transaction network for the underbanked

Demo

Wikinvest: A platform for investors to share trading tips

Demo

Held September 20-21, 2011

BillGuard: People-powered antivirus for bills

Demo

Dynamics: produces and manufactures intelligent powered cards

Demo

eToro: Social investment network

Demo

FamZoo: Online “virtual family Bank”

Demo

FeeFighters: Platform that simplifies the process of choosing a merchant account provider

Demo

LearnVest: Online PFM for women

Demo

Offermatic: Targeted online offers provider

Demo

oFlows (Purchased by Andera in 2011): Multichannel paperless solutions for account openings

Demo

Personal Capital: Online financial advisor helping people manage their investments

Demo

Held February 2, 2011

Cardlytics: Transaction-based rewards

Demo

Dynamics: produces and manufactures intelligent powered cards

Demo

eToro: Social investment network

Demo

Nutmeg: Online investment manager that democratizes saving and investing

Demo

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Finovate Alumni Website Traffic in September

By Julie Muhn (@julieschicktanz) Posted on November 2, 2011
Categories: Adobe, Andera, Betterment, Bill.com, Billeo, BillFloat, Bills.com, Boku, BrightScope, Bundle, Cardlytics, CashEdge, CashStar, ChargeSmart, Check Point, CheckFree, Cortera, Credit Karma, Credit Sesame, Credit.com, DebtGoal, Discover, Doxo, Equifax, eRollover, eToro, Expensify, Experian, FeeFighters, findabetterbank.com, Fiserv, Google, HR Block, Infosys, Intuit, Jack Henry, Kabbage, Kapitall, Kasasa, Leadfusion, LearnVest, Lending Club, Lendio, MasterCard, Metavante, Mint.com, MoneyAisle, Motley Fool CAPS, MyBankTracker, Offermatic, Online Resources, Outright.com, Pageonce, PayPal, Prosper, Receivables Exchange, S1, Sears Credit Score, Seeking Alpha, Simple, Simple Tuition, smartcredit.com, SmartyPig, Standard Chartered Bank, Stocktwits, Striata, Sybase 365, TradeKing, TransUnion Interactive, Truaxis, TrustedID, TSYS, VISA, Wall Street Survivor, Weemba, Wesabe, Wikinvest, wipro, Yodlee, Zecco

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.

Private Companies

Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
Kabbage had the highest percentage growth year-over-year, up 280x.
Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was August 2011

2) Sears Credit Score is powered by CreditKarma.com

3) Truaxis was formerly BillShrink

4) Kasasa is powered by BancVue

Public companies

CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = not measurable

4. t= tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

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Finovate Alumni Website Traffic in August

By Julie Muhn (@julieschicktanz) Posted on October 20, 2011
Categories: Adobe, Andera, Betterment, Bill.com, Billeo, BillFloat, Bills.com, BillShrink, Boku, BrightScope, Budgettracker, Bundle, Cardlytics, CashEdge, CashStar, ChargeSmart, Check Point, CheckFree, Cortera, Credit Karma, Credit Sesame, Credit.com, DebtGoal, Discover, Equifax, eRollover, eToro, Experian, findabetterbank.com, Fiserv, Geezeo, Google, HR Block, Infosys, Intuit, Jack Henry, Kabbage, Kapitall, Kasasa, Leadfusion, LearnVest, Lending Club, Lendio, MasterCard, Metavante, Mint.com, MoneyAisle, Motley Fool CAPS, MyBankTracker, Offermatic, Online Resources, Outright.com, Pageonce, PayPal, Prosper, S1, Sears Credit Score, Seeking Alpha, Simple Tuition, smartcredit.com, SmartyPig, Standard Chartered Bank, Stocktwits, Striata, Sybase 365, TradeKing, TransUnion Interactive, Truaxis, TrustedID, VISA, Wall Street Survivor, Wesabe, Wikinvest, wipro, Yodlee, Zecco

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.

Private Companies

Seeking Alpha — the most-trafficked in August with 2.5 million unique visitors — also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
Betterment had the highest percentage growth year-over-year, up 88x.
Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million.

Source: Compete.com retrieved week of October 3, 2011

1) The previous month recorded was July 2011

2) Truaxis was formerly BillShrink

3) Sears Credit Score is powered by CreditKarma.com

4) Kasasa is powered by BancVue

5) Checkingfinder.com is powered by BancVue

Public Companies

Fiserv had the highest month-over-month percent growth, with 50% more visitors.
CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
S1 also had a high percentage growth year-over-year, doubling its visitors.

Source: Compete.com retrieved the week of October 3, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. t= Tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

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Finovate Alumni Website Traffic in July

By Julie Muhn (@julieschicktanz) Posted on August 29, 2011
Categories: Adobe, Andera, BancVue, Betterment, Bill.com, Billeo, BillFloat, Bills.com, BillShrink, Blippy, Boku, BrightScope, Bundle, Cardlytics, CashEdge, ChargeSmart, Check Point, Cortera, Credit Karma, Credit Sesame, Credit.com, DebtGoal, Discover, eRollover, eToro, Expensify, Experian, FIS, Fiserv, Infosys, Intuit, Jack Henry, Kapitall, Kasasa, Leadfusion, Lending Club, Lendio, Metavante, Mint.com, MoneyAisle, MyBankTracker, Online Resources, Outright.com, PayPal, Prosper, S1, Seeking Alpha, Simple Tuition, smartcredit.com, SmartyPig, Standard Chartered Bank, Sybase 365, TransUnion Interactive, TrustedID, Wesabe, Wikinvest, wipro, Yodlee, Zecco

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down.

Private Companies

Notable successes:

Seeking Alpha had the most traffic in July with more than 2 million unique visitors.
eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June.
Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June.
eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July.

Source: Compete.com retrieved week of August 15, 2011

1. The previous month recorded was May 2011

2. Sears Credit Score is powered by CreditKarma.com

3. Kasasa is powered by BancVue

Public Companies

Notable successes:

PayPal had the highest number of U.S. visitors in July, with more than 30 million visitors.
Jack Henry & Associates saw the highest monthly growth with twice as many visitors in July than June.
Wipro Technologies had the highest year-over-year growth, with 3 times as many visitors this year compared to last year.
FIS Global and Online Resources also doubled their traffic compared to last year.

Source: Compete.com retrieved the week of August 15, 2011

1. The previous month recorded was May 2011.

_______________________________________________________

Notes:

1. We reviewed 255 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

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Alumni News — Week of August 1, 2011

By Julie Muhn (@julieschicktanz) Posted on August 8, 2011
Categories: Bobber Interactive, BrightScope, ChargeSmart, Check Point, ClairMail, Clovr Media, Credit.com, Doxo, Dwolla, edo Interactive, eToro, eWise, Expensify, Kony Solutions, Lending Club, Lendio, Mitek, Monitise, On Deck Capital, Robot Dough, SafetyPay, SecondMarket, Striata, The Receivables Exchange, TradeKing, Wonga, Xero

Bobber Interactive

Tech Flash interviewed Eric Eastman, Bobber Interactive’s CEO, on how the gamification of money management aims to help Generation Y better manage their money. Link

BrightScope

BrightScope released a report detailing the top 12 small-cap funds in America’s 401k plans. This report is part of a series that provides insight into the top funds and managers in the retirement marketplace. Link

ChargeSmart

Discover is offering an instant rebate to customers who pay their utility bills using a Discover Card on ChargeSmart’s website. Link

Check Point Software Technologies

Check Point enhanced its Software Blade Architecture by releasing R75.20, a comprehensive approach to security that includes a URL filtering Software Blade, SSL inspection, and data loss prevention. Link
The Wall Street Journal discussed Check Point’s ZoneAlarm SocialGuard that helps parents protect children on Facebook in a non-intrusive manner. Link

Clairmail

Clairmail announced record growth this quarter, with more than a 60% increase in bookings from last quarter. Link

Clovr Media

BostInnovation stated that Clovr Media is changing the way consumers collect loyalty rewards through its Card-Linked Ads that allow consumers to access rewards by clicking on an advertisement. Link
Mass High Tech’s weekly Startup Watch listed Clovr Media as one of five startups to follow. Link

Credit.com

EQuicknews listed Credit.com as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link

doxo

The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link

Dwolla

Bank Technology News looked at the players in the mobile payments space and listed Dwolla as a formidable competitor. Link

EDO Interactive

EDO Interactive received $20 million in Series B funding to grow its Prewards platform that enables advertisers to offer digital deals and incentives that consumers redeem by using their existing credit, debit, or prepaid cards. Link

eToro

eToro began a trading contest for users with both demo and live trading accounts. Traders who accumulate the greatest gains will win each round. Link

eWise

eWise added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link

Expensify

Expensify added a new feature that provides QuickBooks users a way to easily identify billable expenses to add to invoices. Link
The Kitsap Peninsula Business Journal listed Expensify as one of ten business apps for empowering your inner geek. Link

Kony Solutions

Tower Group, in its Review of North American Consumer Mobile Banking Technology Vendors, ranked Kony Solutions among the top mobile banking technology vendors. Kony excelled in the feature/function and customization categories. Link

Lending Club

TechCrunch highlighted Lending Club’s announcement of $25 million in Series D financing from Union Square Ventures and other existing investors. Link

Lendio

Lendio added Cardinal Bank to its network of lenders providing clients with more options in finding equipment loans, business lines of credit, acquisition financing, commercial real estate, SBA 7(a) and SBA 504 loans. Link

Mitek Systems

Mitek Systems launched Mobile Imaging Cloud Service that captures, extracts, and routes information contained in documents. The service helps app developers create smartphone and tablet apps that use a camera input function. Link

Monitise

Monitise Asia Pacific launched its mobile banking, payments, and commerce services in Indonesia and signed a joint venture agreement with PT Astra Graphia Information Technology, an information and communication business. Link

On Deck Capital

On Deck Capital raised $19 million of its own in a Series C round of funding. Link

RobotDough

RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link

SafetyPay

SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link

SecondMarket

BostInnovation used SecondMarket’s alternative investments platform to discover top Boston companies. Link

Striata

Baton Rouge Water Company selected Striata, along with payment services company Western Union, to provide email billing with integrated electronic payment service. Link

The Receivables Exchange

Treasury & Risk profiled The Receivables Exchange, describing the process companies use to sell their receivables on the online platform. Link

TradeKing

TradeKing launched a $100 bonus for new customers who open an account by August 31, 2011. Link

Wonga

Smarta interviewed Wonga director, John Moorwood, about Wonga’s growth over the past 12 months. Wonga is now issuing over 1.5 million short-term loans. Link

Xero

Xero released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link

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PayPal and Cortera Take Charge in May’s Web Traffic

By Julie Muhn (@julieschicktanz) Posted on July 7, 2011
Categories: Adobe, Andera, BancVue, Betterment, Bill.com, Billeo, BillFloat, Bills.com, BillShrink, Blippy, Boku, BrightScope, Bundle, Cardlytics, CashEdge, ChargeSmart, Check Point, CheckingFinder, Cortera, Credit Karma, Credit Sesame, Credit.com, DebtGoal, Discover, eRollover, eToro, Expensify, Experian, Fidelity National Information Services, Fiserv, HelloWallet, Infosys, Intuit, Jack Henry, Kapitall, Leadfusion, Lending Club, Lendio, Metavante, Mint.com, MoneyAisle, MyBankTracker, Online Resources, Outright.com, PayPal, Prosper, S1, SecondMarket, Seeking Alpha, Simple Tuition, smartcredit.com, SmartyPig, Standard Chartered Bank, Sybase 365, TransUnion Interactive, TrustedID, Wesabe, Wikinvest, wipro, Yodlee, Zecco

Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate.

Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.

Private Companies
The 44 private companies are as follows:

Notable successes:

Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
Betterment saw its traffic increase an impressive 38 times from May of last year.

Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

Public Companies
The 18 public companies are as follows:

Notable successes:

PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.

Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

_____________________________________________________________________________

Notes:

1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because:

They had been acquired.
They were no longer available online.
They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
The number of unique visits was too small to be considered accurate.
They were subdomains of larger websites.

2. Numbers have been rounded to three significant digits.

3. The charts include companies that did not have measurable traffic in May 2011, indicated by “N/A.”

4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.

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Free “Ad-Supported” Credit Scores from Credit.com, Credit Karma, and Quicken Loans

By Jim Bruene Posted on February 19, 2008
Categories: Credit Karma, Credit Reports & ID Theft Protection, Credit.com, Experian, Quicken Loans, TransUnion

In August 1997, QSpace (now owned by Experian) was first to bring credit report data to the Web. The cost was $12 per report (see note 1), a price that has changed little over the ensuing 10 years.

Three years later, in October 2000, WorthKnowing.com introduced the concept of ad-supported (i.e., free) credit scores (see Online Banking Report, #66, article reprinted here). But the company failed to make it through the dot-com crash and ceased operations (note 2). Both QSpace and WorthKnowing earned OBR Best of the Web awards for their innovations.

It took seven years for the concept to reemerge, but now two Bay Area rivals are offering free credit bureau info in exchange for permission to present credit and other product offers. And just as I was about to finish this post yesterday, Quicken Loans introduced Quizzle, a personal finance/credit portal that also offers free credit bureau info (yesterday's post here).

Here are the players:

Credit Karma: This San Francisco-based startup, with backing from Prosper's Chris Larsen, is delivering an actual credit score computed by TransUnion, one of the three major U.S. credit bureaus. It does not precisely match the commonly used FICO score from Fair Isaac. And the scale is different, with a top score of 900 instead of 850. The credit score service is still in closed beta, but we'll see if we can get some invites from the company. Credit Karma will be presenting at our FINOVATE Startup conference April 29 in San Francisco, if you want to meet the team behind this new service.
Credit.com: Another San Francisco company, but one that dates back to 1995, recently launched a similar system, called the Credit Report Card. Credit.com CEO, Adam Levine, presented his other company, Identity Theft 911, at our inaugural FINOVATE conference last fall in NYC (video here). Credit.com provides a full evaluation of your actual TransUnion credit report and assigns letter grades to five different components of the overall score (see third screenshot below). The score is shown on a chart at the top that appears to top out at 850. The report is extremely well done. Like Credit Karma, the company earns fees from targeted offers. In our case, we were given a choice of applying for two Citibank cards.
Quizzle powered by Quicken Loans: Quizzle's business model is completely different because it's run by a financial institution instead of a lead generation site. The idea here is to get customers and prospective customers to use Quizzle frequently so that when the time comes for a new mortgage, the user remembers to apply at Quicken Loans. See yesterday's post for a complete overview.