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Finovate Alumni News– December 15, 2011

By Julie Muhn (@julieschicktanz) Posted on December 15, 2011
Categories: Dwolla, Expensify, Lending Club, PayPal, ProfitStars, Prosper, Segmint, Zopa

AGBeat profiles Expensify.

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.

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Expensify Lists Growth Figures

By Julie Muhn (@julieschicktanz) Posted on December 7, 2011
Categories: Expensify

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.

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Finovate Alumni News– December 7, 2011

By Julie Muhn (@julieschicktanz) Posted on December 7, 2011
Categories: Credit Karma, Credit Sesame, Expensify, FeeFighters, Hidden Levers, IDTheft 911, Kabbage, MyCyberTwin, ProfitStars

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.

RIABiz profiles HiddenLevers.

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.

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Finovate Alumni News– December 2, 2011

By Julie Muhn (@julieschicktanz) Posted on December 2, 2011
Categories: Boku, Dwolla, Expensify, Jemstep, Leadfusion, Lending Club, MasterCard, mFoundry, peerTransfer, Prosper, SecondMarket, Simple

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.

My Money Blog highlights Jemstep.

BECU implements Leadfusion’s Guided Selling.

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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Expensify Launches Lite iPhone App For Mileage Support

By Julie Muhn (@julieschicktanz) Posted on November 18, 2011
Categories: Expensify

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.

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.

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Finovate Alumni News– November 18, 2011

By Julie Muhn (@julieschicktanz) Posted on November 18, 2011
Categories: BillGuard, eRollover, Expensify, FiPath, Mitek, mShift, PayPal, Stocktwits, TSYS

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.

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Finovate Alumni News– November 17, 2011

By Julie Muhn (@julieschicktanz) Posted on November 17, 2011
Categories: Expensify, InComm, Lending Club, Prosper

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.

Yodlee partners with Open Solutions.

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.

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Expensify Creates Four Pricing Plans

By Julie Muhn (@julieschicktanz) Posted on November 9, 2011
Categories: Expensify

Expensify, 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.

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Finovate Alumni News– November 9, 2011

By Julie Muhn (@julieschicktanz) Posted on November 9, 2011
Categories: Billeo, Dwolla, eWise, Expensify, GoalMine, Intuit, Lendio, MiiCard, PayPal, Simple, Xero, Zecco

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.

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Finovate Alumni News– November 7, 2011

By Julie Muhn (@julieschicktanz) Posted on November 7, 2011
Categories: Balance, Betterment, Bill.com, BillGuard, Dwolla, Expensify, FTRANS, peerTransfer, Prosper, Wikinvest, Yodlee

BillGuard CEO, Yaron Samid, shares lessons learned as a startup entrepreneur.

Expensify listed as 1 of 7 software makers to bring integrated, cheaper add-ons to Google Apps.

The Globe and Mail lists Wikinvest as a tool to help ordinary investors dig through the data.

Investors.com explains the benefits of using Yodlee to track your finances.

Fast Company examines Betterment and BillGuard’s #occupywallstreet event.

Dwolla alters its registration process into a more pleasant experience.

FTRANS raises $1 million.

VentureBeat explains how Prosper is helping to support the #occupywallstreet protesters.

peerTransfer partners with 30 new universities.

Bill.com receives “Awesome Add-On” award.

Social Lending Network provides details on Prosper’s recent round of funding.

Balance Financial launches professional platform.

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 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 News, October 27, 2011

By Julie Muhn (@julieschicktanz) Posted on October 27, 2011
Categories: BillFloat, BillShrink, Budgettracker, Continuity Control, Credit Karma, Expensify, FreeMonee, HelloWallet, Mint.com, mShift, Offermatic, Simple

Credit Karma is giving away free credit-monitoring service to first 12,500 readers.

HelloWallet opens a second office in San Francisco.

FreeMonee tells AOL Daily Finance that it is to launch a merchant-reward plan with a major U.S. bank on Nov 17.

Credit Union Times reports that mShift is one of the three largest providers of mobile banking tools to credit unions.

ABC News looks at BankSimple’s alternative banking approach.

Auto insurance & finance providers The General, Mark One Holdings, & Freeway Insurance add BillFloat as a payment option.

Continuity Control endorsed by Western Independent Bankers.

Expensify launches an app for the Windows phone.

Mlive.com recommends using BillShrink (Truaxis) to avoid an outrageous mobile bill.

Mint.com and Budgettracker.com are recommended as two tools for mitigating financial mistakes.

BankFutura.com profiles Offermatic.

Bank of America will use Yodlee’s FinApp Platform.

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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