Finovate Alumni News– January 11, 2012

  • Forbes lists Expensify as 1 of 10 financial innovations that will make your life easier in 2012.
  • Guardian Analytics releases Anomaly Detection Toolkit to help FIs address the expectations for layered security.
  • Tax compliance monitoring service, Tax Guard, partners with ProfitStars.
  • ValidSoft joins “Get Safe Online” to help consumers protect themselves. Watch its live demo at FinovateEurope.
  • Regions Bank joins eWise’s Secure Vault Payments network.
  • Intel will use SecureKey’s authentication technology on new Ultrabooks.
  • PayPal partners with payment solution company ABJ Software.
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.

Expensify Gives Users 10 Free Scans Per Month

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Yesterday, San Francisco-based Expensify announced that it gave the name SmartScan to the scanning system it launched in May. The startup states it has since fixed a lot of errors and has already scanned hundreds of thousands of SmartScan items.

On the Expensify blog, it also announced a couple of other changes:

  1. Users now receive 10 free SmartScans per month, instead of the one-time installment of 10 free scans.
  2. All receipts scanned in excess of the 10 free monthly receipt scans will be charged at the end of the month instead of before.

Other than those changes, the platform and price remain the same. To learn more about Expensify’s pricing structure, check out my post from last November.

To learn more about Expensify, watch its FinovateSpring 2011 demo.

Finovate Alumni News– December 21, 2011

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  • Fox News discusses how Prosper & Lending Club help small businesses.
  • BizReport examines card-linked offers from Linkable Networks (formerly CLOVR Media).
  • ReadWriteWeb’s Richard MacManus lists Xero as #8 in his 2011 list of top 10 web products.
  • Inc Magazine lists Expensify as 1 of 8 startups to watch in 2012.
  • Ping Identity makes the top 10 list of most exciting IT security vendors. Come see Ping Identity’s live demo at FinovateEurope.
  • HelloWallet gives away 20,000 free subscriptions in 2011 to families in need.
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 15, 2011

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  • Celent’s report identifies ProfitStars as the market share leader in Remote Deposit Capture.
  • Finextra looks at the growth and success of Lending Club, Prosper, and Zopa.
  • Segmint appoints Thomas C. Tyler as VP.
  • PayPal plans its own version of daily deals.
  • Dwolla gives users instant access to cash.
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.

Expensify Lists Growth Figures

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Earlier this morning, Expensify CEO David Barrett published some interesting statistics about the startup’s growth.

    • Processing over $2 million in expense reports daily
    • Used by more than 90,000 organizations spanning 700,000 users, up 8% from 650,000 a month ago

Accomplishments in November:

    • The site streamlined for individuals and contractors
    • Direct deposit reimbursement expanded to all 50 states in the U.S.
    • New central-admin and advanced accounting features added
    • New Yammer integration launched
    • Won the “Judge’s Choice” award at Under the Radar 2011
To learn more about Expensify, watch its FinovateSpring 2011 demo.

Finovate Alumni News– December 7, 2011

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  • Credit Union National Association reports ProfitStars’ service helps FIs support energy markets.
  • Lifehacker recommends visiting Credit Karma or Credit Sesame to view your credit score for free.
  • Computerworld takes you behind-the-scenes with MyCyberTwin’s AI technology.
  • Kabbage joins the X.commerce Global Ecosystem.
  • ID Theft 911 chosen to offer data breach services to Safeonline LLP.
  • MyBankTracker explores how FeeFighters cuts payment processing fees for merchants.
  • Expensify lists growth figures.
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 2, 2011

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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the “Dwolla-trajectory.”
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club’s Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
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.

Expensify Launches Lite iPhone App For Mileage Support

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Yesterday, Expensify launched an iPhone app, Expensify Lite, that is exclusively for mileage support. This simple app will include mileage and odometer entry, business card scanning, offline support, and comments on receipts.

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All other Expensify mobile capabilities can be found in the regular Expensify app. The app is now available on iOS, Android, Blackberry, and Windows. 

To learn more about Expensify, watch its FinovateSpring 2011 demo.

Finovate Alumni News– November 18, 2011

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  • FiPath (formerly eRollover) launches FiPath for Advisors, online marketing solution for advisor leads.
  • Reuters discusses the benefits of BillGuard.
  • TSYS signs largest private bank in Azerbaijan.
  • MShift to power AmeriCU’s mobile banking platform.
  • StockTwits & Gnip partner to cater to traders.
  • StockTwits goes International with its real-time financial platform.
  • Mitek doubles clients, plans to enter insurance vertical.
  • PayPal relaunches Facebook app for friend-to-friend payments.
  • Expensify launches lite iPhone app for mileage support.
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 17, 2011

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  • Expensify listed as 1 of 10 innovative startups that rocked the Under the Radar Conference.
  • Reuters blog explains how Prosper and Lending Club are cutting out the banker middleman.
  • LearnVest offers free personal financial advice today. Use the code LVDAYPASS100 to get a day pass.
  • Xconomy reports: BillGuard, Backed by Khosla Ventures, Wants to Stop Sneaky Credit Card Charges.
  • Seventure Partners and Naxicap Partners invest 4 million Euro in Mootwin.
  • Michigan Farm Bureau selects Identity Theft 911 to provide members with ID Theft Protection & Resolution Services.
  • Betterment integrates its goal feature with Mint.com and Pageonce.
  • Visa’s V.me mobile wallet to compete with PayPal.
  • Jingit sees good uptake on U.S. Bank debit 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.

Expensify Creates Four Pricing Plans

Thumbnail image for Expensify.jpgExpensify, the expense reporting system that “doesn’t suck,” now supports 650,000 users across 90,000 organizations. 

To accomodate their different needs, the company is now offering four service tiers: 

  • Personal: For individuals who want to test out the app. Up to 10 free scans per month.
  • Professional: Intended for power users and contractors. Includes Freshbooks syncing capability and the ability to exceed 10 scans per month by purchasing them for 20 cents each.
  • Team: Provides the abilities to create and share expense policies and sync expenses with Quickbooks. This subscription costs $5 per submitter per month and 20 cents for extra scans.
  • Corporate: Adds a level of administrative control over employee accounts, enhances expense policies with customizable rules, and provides the ability to reimburse employees via direct deposit. This subscription costs $10 per submitter per month and 20 cents for extra scans.
Receipt scanning will be free until the end of the year.
To learn more about Expensify, watch its FinovateSpring 2011 demo.

Finovate Alumni News– November 9, 2011

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  • Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.
  • Fox Business News reports GoalMine seeks to level the investing field.
  • PayPal updates its Android app with support for NFC payments.
  • eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.
  • Lendio makes its business loan matching service free.
  • Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.
  • Xero updates its app: increases speed and improves UI.
  • Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.
  • Billeo launches ShopSmart to bring consumers relevant discounts.
  • Zecco hosts $500 sweepstakes.
  • miiCard gives first 10,000 users free accounts for life.
  • Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.
  • Expensify creates four pricing plans.
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.