Alumni News — Week of June 27, 2011

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ActivePath
A top Brazilian card issuer implemented an ActivePath solution. Link
AlphaClone
AlphaClone incorporated new sentiment scores into its stock view pages. Link
Bills.com
Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link
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Blaze Mobile
Blaze Mobile was awarded a patent for NFC on stickers. Link
BOKU
BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link
Braintree
Braintree received $34M in Series A funding from Accel. Link
Currensee

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Reuters outlined the benefits of Currensee. Link
Credit Karma
Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link
doxo 
doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link
Dwolla
Dwolla said its Grid payment network is more secure than Visa and MasterCard’s card networks. Link
Dynamics
Dynamics raised $35M for computerized smartcards and payment systems. Link
eToro

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Reuters outlined the benefits of eToro. Link
eWise
gotoBilling, Inc. added eWise’s Secure Vault Payments as another payment platform. Link
Expensify
The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link
Fiserv
Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics

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Yahoo! Finance reported that Guardian Analytics’ FraudMAP is helping financial institutions meet FFIEC guidelines. Link
HelloWallet
HelloWallet was added to Mercer’s Outsourcing business benefits administration. Link
Intuit
Intuit purchased Mobile Money Ventures’ web banking technology to augment its mobile banking capabilities. Link
Kony Solutions

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The American Business Awards selected Kony Solutions as the Most Innovative Company of the YearLink
Lendio
The Launch blog highlighted Lendio. Link
Outright
Outright rolled out a new report function allowing clients to view sales by state. Link
PayPal
PayPal reached 100 million active users. Link

Profit Stars
Profit Stars introduced its new Remote Deposit Anywhere solution. Link
Prosper
  • Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
  • The San Francisco Times reported on Prosper’s growth. Link
Q2ebanking

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Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link
SimpleTuition
SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link
SmartyPig
SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link
TradeKing
TradeKing implemented SunGard’s MarketMap to deliver market data to its active trading platform. Link
UBank
Mashable highlighted UBank’s feedback forum. Link
Voice Commerce
Voice Commerce launched a payment solution for the iPhone. Link
Wikinvest

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PC mag reviewed Wikinvest’s mobile app. Link
Xero
Tech Day assessed Xero’s Debtor Daddy service. Link

Alumni News: Week of May 2 and May 9

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Backbase

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Backbase will provide TCS Bank in Russia with a website integration solution through Bank 2.0 Portal. Link

Bill.com

Bill.com rolled out Sage Peachtree Sync, software for controlling bill payment and management. Link

BrightScope

BrightScope released its second annual list of the Atlanta-based companies with the best 401k plans. Link

CashEdge

CashEdge expanded Popmoney service by adding Popmoney for Prepaid. It also announced a partnership with TxVia. Link 

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Check Point Software Technologies

Check Point was listed on Acadian Asset Management’s Top 15 Buys list.  Link


Cortera

Cortera announced a new version of its PULSE app, a customer monitoring service. The new version will add Growth Clues alert.  Link


DebtGoal

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DebtGoal hired Igor Vaks, former Experian CIO, as new COO. Link


eToro

eToro emerged as the preferred platform for building forex wealth through web trading.  Link

Expensify

Expensify advertised on giant billboard in the Bay Area. Link

Fiserv

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Fiserv announced improvements to its Relationship Rewards. Link

ID Analytics

CoreLogic partnered with ID Analytics to integrate ID Network with LoanSafe Fraud Manager. Link

ID Analytics will host Advance 2011, its 9th Consumer Risk Management Conference, this September.  Link

IP Commerce

IP Commerce recently raised another round of funding. Link

Lending Club

Lending Club issued a record high of $17.5M loans in April. It is the 4th record month in the past 5. Link

Lending Club won Webby Award for the Banking/ Bill Paying category. Link


Mint 

Mint won Webby Awards for the Financial Services category. Link

MoneyAisle

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yAisle launched live auctions for unsecured personal loans to help consumers across a wide range of credit scores. Link

PayNearMe

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PayNearMe raised $16M in funding from new and current investors. Link

Plastyc

Plastyc won a patent for improved online payment methods. Link

Prosper

Prosper increased loan volume by more than 50% compared to 3 months ago, issuing over $5M in new loans in April. Link

Yodlee

Yodlee is looking into developing mobile apps with new “FinApp Store” strategy. Link

Alumni Updates — Week of April 18, 2011

To follow updates from Finovate alumni companies in real time, be sure to follow us on Twitter.
 
Backbase extends content services offerings. Backbase CMS is available as an add-on module. http://bit.ly/finovate420112
BancVue launched “Money Island,” an educational game for children to be offered by banks and financial institutions. https://demo.moneyisland.com/
BillFloat partners with Online Resources to offer small-dollar loans to biller clients. Online Resources will now offer BillFloat as a payment option. http://bit.ly/finovate418112
Doxo signs Oregon Federal Employees Credit Union (OFECU). Members will be able to receive statements and banking documents via the service. http://bit.ly/finovate421111
Dwolla will provide an online payments option at Tikly, an online ticketing startup  expected to launch within the next thirty days. http://bit.ly/finovate418113
eToro surpasses 1.5 million users. The company cites the growth of thousands of members joining per day since the launch of eToro’s social platform, OpenBook. http://prn.to/finovate421113
PayPal and Discover partner on person-to-person payments. Rollout begins this week for Discover’s person-to-person payments system. http://bit.ly/finovate42112
Several Finovate Alumni firms have been nominated for Webby awards. Good luck to Lending Club, Mint, Billeo and Kashoo. http://bit.ly/finovate420116
SmartyPig eliminates redemption fees. Transferring SmartyPig savings account funds to a retailer gift card is now free. http://bit.ly/finovate418111
Yodlee partners with Boursorama to provide Money Center service. Boursorama customers will receive the Money Center PFM service free of charge. http://bit.ly/finovate420115

Alumni News — Weeks of March 7, 13 and 21, 2011

To view our alumni news updates in real time, follow us on Twitter

Andera adds its 500th customer. http://bit.ly/finovate322116
Bill Harris and Mark Goines join the Pageonce Advisory Board. Harris was formerly CEO of Intuit and of PayPal, and Goines was formerly a senior executive at Intuit and Charles Schwab. http://prn.to/finovate322111
Bill.com named to the JMP Securities “Hot 100.” The list includes the 100 best privately held software companies for 2011 according to the investment bank. http://bit.ly/finovate38113
BillShrink adds Anil Arora, Yodlee president and CEO, to its board of directors. The announcement comes just after the launch of “Statement Rewards” from BillShrink. http://bit.ly/finovate322112
Boku moves from virtual-goods billing to real-goods billing in Germany. Now real goods can be added to wireless bills thanks to Boku’s technology. http://bit.ly/finovate324112
Cardlytics wins Judge’s Choice Award in the 2011 Paybefore Awards. The Paybefore  awards are hosted annually by Prepaid Media. http://bit.ly/finovate38111
CashEdge signs Huntington for P2P PopMoney. http://bit.ly/finovate322117
Check out the Filene webinar with Thwakk on how to leverage financial education to increase youth membership. http://bit.ly/finovate322113
Columbus Water Works customers can now pay their utility bill via eWise’s secure payment platform. http://yhoo.it/finovate37113
Cedit Sesame closes on $6.15 million Series B funding round led by Melo Ventures. http://bit.ly/finovate322118
eToro launches “Trade Story.” This social platform helps traders learn the strategies behind other users’ trades. http://bit.ly/hQNDGc
Expensify is featured in Money magazine. http://bit.ly/finovate322114
Guardian Analytics raises $11 million. This is Guardian’s fourth round of funding, this time led by Split Rock Partners. http://bit.ly/finovate323113
H&R Block and Yodlee partner to make it easier to file taxes. http://yhoo.it/finovate3236
ICICI and Intuit partner on a Mint-like platform for India. http://bit.ly/finovate324113

Alumni News, Weeks of February 21st and February 28th, 2011

To see our alumni news feed in real time, visit us on Twitter
Bank of Internet will use Intuit’s FinanceWorks. http://mwne.ws/finovate2241
Betterment reduces fees on retirement accounts. http://bit.ly/finovate224114
Service enhancements at Bill.com. Clone invoices ease automated payments. http://bit.ly/finovate224112
eToro completes $8.3 million funding round led by Spark Capital. eToro has 1.5 million users in 130 countries worldwide. http://bit.ly/f1G99d
eToro launches new user tools, and deposit bonuses. New eToro users can get a bonus of up to $500 to try Forex trading. http://bit.ly/finovate34112
eWise is moving to Denver. The company processes electronic payments and is moving to attract employees. http://bit.ly/finovate22311
Fiserv acquires M-Com to enhance mobile banking and payments capabilities. http://bit.ly/finovate34117
Kiboo got a makeover. The new interface focuses on usability and design. http://bit.ly/finovate34111
Lending Club exceeds $200 million in cumulative peer-to-peer  loans. The combined Lending Club and Prosper volume is now approaching the half-billion dollar mark. http://bit.ly/finovate34118
Lodo Software signs thirty more banks for its OurCashFlow PFM platform. http://bit.ly/finovate34113
MiiCard featured as Microsoft’s Startup of the Day. http://bit.ly/finovate224113
Striata adds Iconix Truemark sender recognition technology to electronic communications. The system adds branded visual identity to help identify genuine emails from financial institutions. http://bit.ly/finovate34116

eToro, Finantix, Liqpay.com and Meniga Win Best of Show at FinovateEurope

Finovate_FEU_2011_BestofShow.pngIt was a fantastic day at the first FinovateEurope as 35 banking and financial technology companies debuted their latest innovations in front of a packed house. It was the first Finovate without at least one demo blowing up, though there were a couple close calls.

At the end of the day, attendees voted for their three favorite products. The four leading vote getters were named FinovateEurope “Best of Show” (see notes on methodology).
Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top today were as follows (in alphabetic order):

  • eToro launched OpenBook (CopyTrade & CopyTrader) which allows
    users to follow & copy trades of other users
  • Finantix introduced a suite of iPad applications for financial
    advisors to use in face-to-face client discussion
  • Liqpay.com showed its new “$hop app” which allows a bank’s small business customers to easily set up a Facebook shop for ecommerce
  • Meniga 

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    demoed its personal financial manager with an added gaming layer that combined humor with “social curiosity,” for example, to compare spending to peers

Congratulations! And thanks to everyone who presented, sponsored, attended and followed the @finovate tweets.

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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. Ballots were turned in at the end of the last demo session. The exact written instructions given to attendees:
“Please rate (the companies) on the basis of demo quality and potential impact of the innovation they demoed. Note: Ballots with more than three companies circled will not be counted.”

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