Credit Sesame Reports Growth Figures

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Credit score and money management platform, Credit Sesame released some usage metrics today. 

Since launching in September 2010, the Mountain View, California-based company reports:

    • 2 million members
    • $60 billion in loans under management
    • More than $600 million annualized savings has been identified for users

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To learn more about Credit Sesame, watch its FinovateFall 2012.

2012 Funding for Finovate Alumni– More than $450 Million Raised

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.

Finovate Alumni News– December 21, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCompare Broker reviews the new mobile app from TradeKing.
  • MyBankTracker reviews how BillGuard protects from unwanted charges.
  • San Francisco Business Times reports: Giftly lets givers put ‘heart’ into gift cards.
  • Capital Access Network relocates Headquarters to NYC, adds Scott Blum as CMO.
  • Fiserv partners with TOPS Software to improve payment processing for property managers.
  • The Washington Post looks at SoMoLend’s community-focused lending.
  • Forbes names Lending Club one of the top five fintech companies of 2012.
  • Chicago donut chain “Glazed and Infused” now using ShopKeep POS software.
  • Wired.co.uk names Holvi startup of the week.
  • Credit Sesame unveils free credit monitoring service.
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 13, 2012

  • Manilla update means one app is all you need to manage expenses from bills to subscriptions.
  • Just in time for the holidays TradeHero is now available at the Apple app store.
  • Former Treasury Secretary Lawrence Summers to join Lending Club board of directors.
  • CorFire announces strategic integration with PayPal.
  • Speaking of PayPal, you can now fund your account with cash using PayPal’s new “PayPal My Cash Card.”
  • Credit Sesame launches free credit-monitoring service.
  • Wipro announces the launch of SmartOffers, in partnership with Intuition Intelligence.
  • On Deck Capital adds American Express veteran to head marketing efforts.
  • InComm launches the Paypal My Cash Card.

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 28, 2012

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  • 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.

Finovate Alumni News– October 22, 2012

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  • Equifax announces Spectrum Verification Services Platform, which helps verification through underwriting, QA & closing.
  • Credit Sesame blog features Manilla as a way to digitize finances.
  • Dynamics to nationally launch ePlate credit card device tomorrow via live webcast with 30+ payment apps.
  • Investment News reports Stockr offers social-media site for those passionate about stocks.
  • HelloWallet updates web app with bulk edit transactions, auto categorization, & re-organizing action steps.
  • VentureBeat explains how Kapitall gamifies stock trading.
  • Tenants Can Now Pay Rent Using Cash with PayNearMe’s Cash-Payment Solution.
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.

New Online Banking Report Published: The Best of FinovateFall 2012

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We wrapped up FinovateFall in New York City about a week ago. Over the course of two days, 64 companies give seven-minute demos to an audience of around 1,100. We’ve summarized the information and presented in our latest Finovate Report, Fall Edition.

Introducing:

The Best New Products at FinovateFall 2012

This post-show wrap-up is designed to help those that weren’t there get a better understanding of the major themes. And for those that were in attendance, it’s a box score to compare with your own notes and impressions.

In the report, we looked at the three big trends that emerged at FinovateFall:

    • Small businesses get the same financial tools as bigger businesses
    • Security moves past the PIN 
    • Beyond plastic, the mobile wallet is here

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And we profiled each of the seven companies voted Best of Show by the attendees at the event (note 1):

__________________________________________________________________

About the report
__________________________________________________________________

The Best New Products at FinovateFall (link)
Includes a look at all eight Best of Show winners

Author: Julie Schicktanz, Finovate Group Research Analyst
Editor: Jim Bruene, Finovate Group Founder

Published: 28 September 2012

Length: 59 pages, 12,000 words

Cost: No extra charge to OBR subscribers, US$195 for others

The printed version will be mailed to subscribers next week

_________________________________________________________________

Note:
1. See Best of Show methodology here.

Finovate Alumni News– September 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgZipZap 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.
  • 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.

FinovateFall 2012 in the Press

Here’s a look at the press coverage from FinovateFall 2012 held September 12 and 13 in New York:
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ABA Banking Journal
Bank Technologists Meet American Idol
by John Ginovsky

AdvisorOne
Stock Picking Goes Social as Stockr, aSpark Debut
by Joyce Hanson
American Banker
Apple Effect Evident at Innovator Gathering
by Mary Wisniewski
Dynamics Adds Another Option for Its High-Tech Cards
by Daniel Wolfe
Payfone Aims to Make Mobile Payments Pain-Free
by John Adams
PreCash to Debut Mobile Wallet for the Underbanked
by Daniel Wolfe
Reporter’s Notebook: Day 1 FinovateFall Favorites
by Mary Wisniewski

The Top 10 Tweets of Finovate

Andera blog
Finovate Takeaway: User Experience in Retail Transactions
by Andrea Hunter

Bank Innovation
Finovate Fall 2012: Demo Performance Scores and Reviews
by JJ Hornblass

Wade Arnold, CEO of Banno, Presents Grip
by Phillip Ryan

Bank Systems & Technology
5 Hot Bank Technologies From FinovateFall 2012
by Bryan Yurcan
Banno Releases Updated Grip Product
by Bryan Yurcan
MasterCard Forms New Rewards Program Partnership with Linkables Networks
by Jonathan Camhi
Mobile Commerce Company Payfone Debuts Checkout Solution
by Bryan Yurcan

Business Insider
Financial Planning Startup LearnVest Already Has Millionaire Clients
by Alyson Shontell

The Business Review 
To save or buy is ImpulseSave’s question

Celent
FinovateFall 2012 Recap
by Jacob Jegher

Consumer Reports 
Finovate Fall 2012: A solution to the mortgage crisis?
by Tobie Stanger
Finovate Fall 2012: Help with students’ loans and seniors’ bills
by Tobie Stanger

Finovate Fall 2012: Making, managing and keeping money
by Tobie Stanger

Finovate Fall 2012: Now maybe you’ll switch banks
by Tobie Stanger

Contactless News
Dynamics unveils Triple Interface, battery-powered payment card

Credit Sesame Blog
Check Out the Newest Way to Measure Your Credit and Loan Health!
by Erin Renzas

CreditUnions.com
Finovate Dispenses Inspiring Ideas (Part 1)
by Aaron Pugh

Finovate Dispenses Inspiring Ideas (Part 2)
by Aaron Pugh
The Currency Cloud blog
Finovate NY – Video & Photo Diary
by Nasir Zubairi 

CU Soapbox
GUEST POST: Innovation Unveiled In The Big Apple
Alix Patterson

Daily Finance
A Digital Wallet for the Unbanked: Mobile Finance Goes Downmarket
by Ross Kenneth Urken

The Digital Mailer Blog
FinovateFall 2012: A Recap

Discerning Technologist
Best of Show Locked Up? @MoneyDesktop Demo At #Finovate
by Bradley Leimer
Dough Roller blog
The Best Way to Track Your Investments Online (and it’s Free!)
by Rob Berger

Dwolla Blog

Dwolla at FinovateFall
by Caitlin
Financial Planning 
LearnVest Becomes an RIA, Plans to Hire Advisors
by Elizabeth Wine
Finextra
EToro launches social trading index
PreCash introduces mobile wallet for underbanked
Fintech Marketing blog
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY ONE
by William Mills III
William Mills III, CEO William Mills Agency Live Blog from Finovate Fall NYC 2012-DAY TWO
by William Mills III
FintechToday
TOP TEN AT FINOVATE 2012
by Walt Cox
Forbes blog
4 Great New Tools to Manage Your Money
by Richard Eisenberg
Gonzobanker Can Make FinTech Amusing
by Tom Groenfeldt
LearnVest Reinvests In Its Mission: Financial Planning For The 99%
by Meghan Casserly
If You Want to Really Raise Capital, Try This Company and Not KickStarter
by Mark Fidelman
The Problem with Finovate
by Helaine Olen
GigaOM
Forget Mint, LearnVest’s new platform takes aim at financial planning industry
by Ki Mae Heussner
Locaid bolsters location service with IP address data
by Ryan Kim
Gonzo Banker
Vendor Dirt: 2012 Finovate Fall
by Scott Hodgins
Huffington Post Money Blog
Online Financial Planning: The Chilling Thing I Found Out About My 70th Birthday
by Catherine New
JP Nicols Blog
Finovate Fall 2012 Best of Show Winners
by JP Nicols
Keeping Nickels
My Tweets from #Finovate
by Nichelle Stephens
Moment NYC blog
Finovate Fall 2012: Less tech, more desire.
by Alexa Curtis
MyBankTracker
Dashlane: Finally Something that Might Actually Make Online Shopping Easier
Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments
Finovate Wrap-Up: What Can FinTech Do for You? Really?
by Willy Staley
Ideon Choice Unveils Platform for Customer-Created Savings Products
ImpulseSave: Another App to Help You Save
LearnVest Gets SEC Certified, Announces Mobile App, Upgrades
by Willy Staley
Linkable Networks, MasterCard Expand Card-Linked Offers
by Simon Zhen
Locaid: Enter the Digital Panopticon!
MoneyDesktop Connects PFMs Across Multiple Devices
mShift’s AnyWhereMobile Wallet Actually Adds Value
by Willy Staley
New Technologies Are Coming for Unbanked, Underbanked
by Simon Zhen
PayTap Debuts Shared Bill Payment Portal
PreCash Announces FlipMoney at Finovate: Mobile Money for the Underbanked
by Willy Staley
SwitchAgent: Bank-Switching Made Easy
by Simon Zhen
Tuition.io — It’s a Pun, Get It?
The New York Times Blog
LearnVest Dips Its Toes Into Investment Advice
by Ann Carrns
Next Avenue
4 Great New Tools to Manage Your Money
by Richard Eisenberg
NYConvergence
FINOVATE: Mobile and Social FinTech Innovations Dominate
by Lauren Keyson

PandoDaily
The Consumerization of Life’s Ickiest Chores Continues: LearnVest Injects Its Financial Planning Tools With Steroids
by Erin Griffith
PaymentEye
Payfone launches a mobile commerce checkout solution
PaymentsJournal 
MasterCard Keeps Investing in Rewards, This Time With Linkable Networks
PaymentsNews 
FinovateFall 2012 – Best of Show Winners
Payfone To Launch Mobile Commerce Checkout Solution
PayTap Launches Social Bill Pay Service
PreCash Introduces FlipMoney Mobile Wallet for Underbanked Consumers
The Paypers
Banno adds new features to Grip financial aggregation app
Payfone makes 1 Touch Checkout available, partners CardinalCommerce
PC World
New web apps tackle business finance problems
by Yardena Arar
PYMNTS
Banno Unveils New Features for Grip, Strengthens the Mobile Banking Standard with Pre-Transaction Insights
Silicon Prairie News
Banno unveils upgraded interface, new analysis tools for Grip
by Michael Stacy
Snarketing 2.0
SedUIced
by Ron Shevlin

Advice For Finovate Presenters
by Ron Shevlin
TechCrunch
Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You
by Sarah Perez
Dashlane’s Password Management Service Now Alerts Users When Their Accounts May Be Hacked
by Sarah Perez
It’s Not Just For Women Anymore: LearnVest Brings Financial – And Now Investment – Planning To Everyone
by Sarah Perez
Money Management Service Personal Capital Wants To Manage Your 401K
by Leena Rao
Telecompaper
Payfone launches m-commerce checkout service
Tier One blog
Finovate: Day One in Review
by Kathy Wilson
FinovateFall Part Two! All about Savings, Security and Slick New PFM Tools
by Sue Parente
The Next Web
eToro launches Social Trading Index for learning from other traders and sharing top techniques
by Jamillah Knowles
LearnVest launches redesigned tools, new financial plans and teases its upcoming iPhone app
by Harrison Weber
Thomson Reuters 
EPAM Systems and Thomson Reuters announced a partnership to develop and host an App Store solution
Upstart Business Journal
Financial planning, iPad app among best at Finovate
by Kent Bernhard, Jr
Get a 401(k), win an iPhone5
by Kent Bernhard, Jr 
LearnVest targets masses for professional financial advice
by Teresa Novellino 
No need to wait for crowdfunding
by Kent Bernhard, Jr
Personal Capital aims to disrupt 401(k)
by Kent Bernhard, Jr
Sci-fi meets finance at Finovate
by Kent Bernhard, Jr
VentureBeat
Financial planning for all: LearnVest gets its biggest update yet
by Devindra Hardawar

Locaid launches Internet and mobile location-tracking service
by Dean Takahashi
Be sure to check back because we’ll add more coverage as it is published throughout the week.

FinovateFall 2012 Best of Show Winners

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Our fifth annual FinovateFall in NYC concluded an hour ago. After seeing 64 demos over two packed days, the audience voted for their three favorites each day. The top eight overall were named Best of Show (see notes).

The winners (in alphabetic order):

  • Credit Sesame for its Financial Fitness Indicator that gives users a comprehensive view of their financial situation
  • Dashlane for its instant login and checkout featureFFBOSWinners2.jpg
  • Dynamics for its Triple Interface card, allowing for tap, swipe, or EMV payments
  • eToro for its social trading index 
  • LearnVest for its certified financial planning capabilities and mobile app
  • MoneyDesktop for its PFM platform and bubble budgets 
  • PayTap for its social bill-payment platform
  • ShopKeep POS for its tablet-based POS

We’ll have videos of all 64 demos posted at Finovate.com as fast as possible (probably two to three weeks out).

Thanks to everyone who presented, attended, tweeted, networked, blogged, tolerated the Internet hiccups and helped push fintech forward. You are the best! 

———-

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.   
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day. 
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted.” 
4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.
5. Go here for a list of previous Best of Show winners.