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 feature
- 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.
“Credit Sesame introduces a new financial dashboard and Financial Fitness Indicators that provide the external context a user needs so they can fully analyze and optimize their financial situation.
The new capabilities will give users a comprehensive assessment of their individual financial situation, analyze current market trends and provide action plans to capitalize on them. It provides users with valuable insight into the successes of their peers so their patterns can be emulated. The new Financial Fitness Indicators sum up all of consumer’s credit and debt information into visual components that an individual can use to determine their overall financial fitness.”
Here’s part 2 of the sneak peek of the companies that will demoing at FinovateFall on September 12 and 13 in NYC. Each company provided a short summary of the innovation they will debut on stage. We published 20 last week and we will complete the preview next week.
Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateFall ticket here
This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.
Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.
Here’s the quarter 2 summary for 2012:
April — $2.5 million raised by 1 company
- miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
June — Over $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
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to firstname.lastname@example.org and we will add it.
- Social Lending Network considers the futures of Lending Club & Prosper.
- Continuity Control receives remaining $1 million of its $2 million series B funding round.
- Credit Sesame announces the launch of its new Android App. Come see the live demo of their newest at FinovateFall.
- SecureKey appoints Charles Walton as new CEO.
- Business Insider names Tuition.io as a creative idea to help manage student loans. Come see their live demo at FinovateFall.
- SecondMarket names former U.S. Congressman Scott Murphy to Board of Directors.
- Globespan Capital Partners
- Menlo Ventures
- Inventus Capital
The round brings Credit Sesame’s total funding to almost $20 million and is intended to help the company expand its customer base.
Credit Sesame has already seen a lot of growth since it launched in April of 2010:
- Oversees more than $22 billion in consumer debt
- Finds $175 million a month in savings for users
- Almost half frequent the site 2- 3 times per month
- Revenue growth has quadrupled quarter over quarter
To learn more about Credit Sesame, watch its FinovateFall 2011 demo.
- Tagit wins coveted Emerging Enterprise Award 2012.
- BlogTalkRadio talks to Kathryn Petralia, COO & Co-founder of Kabbage.
- Hidden Levers discloses UI improvements.
- StockTwits partners with PR Newswire.
- Offermatic alters business model, no longer pursuing card-linked offers.
- Chicago Tribune looks at Future Advisor and Betterment as two inexpensive investing platforms.
- BBC news reports Zopa has lent more than £200m since it started in 2005.
- MiiCard appoints Graham Paterson CFO.
- Credit Sesame Scores $12 Million in Series C Funding.
- Credit Karma is moving its headquarters to San Francisco’s financial district.
- Linkable Networks is listed as 1 of 5 startups you should follow.
- Tablet PC review lists Wikinvest Portfolio as one of the best iPad apps for tracking Wall Street stocks.
- AOL Daily Finance names HelloWallet as 1 of 5 money-smart apps for business travelers.
- UNC’s Kenan-Flagler Business School turns to Ping Identity to solve identity management complexity.
- Daily Herald looks at Credit Sesame.
- Kony Solutions appoints Harold Goldberg as CMO.
- The Bellingham Herald recommends using Expensify to organize your expenses for tax time. Come see the live demo at FinovateSpring next month in San Francisco.
- Scotsman covers UK P2P company, Zopa.
- CNN Money lists SecondMarket as 1 of 8 crowdfunding sites to watch.
- Fiserv wins Celent’s XCelent Award for enterprise-wide compliance solutions.
- USA Today Money columnist recommends TradeKing & Zecco as platforms for investing in stock.
- The Mortgage Professor takes a look at Credit Sesame.
- Productive Web Apps features CoverHound.
- The Seattle Times discusses the benefits of BillGuard.
- Army Times covers SaveUp.
- Braintree’s payment gateway available for Magneto users.
- Prosper adds 13 new loan categories for borrowers.
- The Washington Post lists Kabbage as an alternative source of funding to bank loans.
- Identity Theft 911 receives a 2012 International Stevie Award & an Excellence in Financial Literacy Education award.
- Dwolla launches update to fix accidental transfers.
- Silicon Republic profiles CurrencyFair CIO David Christian.
- Main Street profiles Credit Sesame CEO Adrian Nazari.
- American Banker reports BancVue sells credit card arm to First Arkansas.
How it works:
The tool takes into account:
To learn more about Credit Sesame, watch its FinovateFall 2011 demo.