Alumni News– October 27, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFeedzai and Encap Security team up to combine behavioral profiling with device credentialing to build better security for banks and merchants.
  • CB Insights lists Nutmeg, TransferWise, The Currency Cloud, and Azimo among the 10 top fintech startups from the UK.
  • The Guardian Money section looks at peer-to-peer lender including Zopa.
  • TWiST (This Week in Startups) interviews FutureAdvisor Co-Founder and CEO Bo Lu.
  • Prosper reaches $2 billion, reaching the second billion dollars in just 6 months.
  • Payment processing solutions provider, Bill2Pay, partners with PayNearMe to digitize cash collections.
  • The Australian Business Review features Matt Symons, SocietyOne co-founder.
  • EVO* Snap launches mPOS Solution Supporting Apple Pay and EMV Globally.
  • MedicalMine and Bluefin Partner for Integrated Patient Payments.
  • Check out our feature on Xignite: Inspiring the Future of Finance with Easy and Speedy APIs
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 Announces $3.5 Million Round Led by Barracuda Networks

Expensify Announces $3.5 Million Round Led by Barracuda Networks

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If you thought SAP’s purchase of Concur was the only thing going on in the business travel / expense management innovation space lately – guess again.

Expensify has raised $3.5 million in new capital. The funding was led by Barracuda Networks, and boosts the company’s total equity funding to more than $10 million.

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Developers of “expense reports that don’t suck,” Expensify made a splash in the days before the funding news became public with an offer to honor the Concur contracts for customers who switched from the recently-acquired rival. Expensify’s SmartScan technology lets users upload receipts and import expenses to their smartphones. Users can then submit their expense reports online or from their smartphones and get reimbursed directly to their checking accounts.
Expensify has more than 300,000 companies taking advantage of their solution, and more than 1.4 million users. The company processes more than $2 million in expense reports daily.
Expensify announced its integration with the Uber API to launch SmartRides back in August, grew from 24 employees to 45 from January to July, and was profiled recently by Forbes.com in a column on the “new sharing economy.”
Based in San Francisco, California, Expensify was founded in 2008 by CEO David Barrett. See a video of the company’s FinovateSpring 2013 appearance.

Alumni News– October 7, 2014

  • Finovate-F-Logo.jpgMatchi opens global fintech challenge 
  • New Frontier Group to integrate BehavioSec’s behavioral authentication solution in online banking.
  • Boku acquires competitor Mopay, now covers 5 billion users.
  • BBC: Wonga to write off £220m of debts for 330,000 customers.
  • Financial Planning features FutureAdvisor.
  • Tradeshift announces new operations in Japan and Europe, new executive appointments.
  • Merchant Customer Exchange (MCX) partners with InComm to leverage its POS integrations.
  • WallStreetSurvivor.com launches Financial Education Courses.
  • Vista Equity Partners to take Tibco Software private for about $4.3 billion.
  • Expensify announces $3.5 million round led by Barracuda Networks.
  • Blockchain raises $30 million in growth capital.
  • Credit Karma announces equity investment of $75 million; $1 billion valuation.
  • Spreedly announces new investment; raises $750,000 in equity financing.
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.

Alumni News– August 20, 2014

  • Finovate-F-Logo.jpgCUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.
  • With Simple’s 2.0 mobile app update, users can send paper check payments via mobile.
  • ID Analytics names Daniel Rawlings as Chief Revenue Officer.
  • Essent Guaranty offering lenders access to rate quotes through an interface with D+H’s MortgagebotLOS.
  • ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.
  • EyeVerify and Zumigo selected for Wells Fargo’s accelerator.
  • Expensify integrates with Uber’s API to launch SmartRides feature.
  • PayNearMe and SIMI partner to offer cash collection services to US government agencies.
  • Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.
  • PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.
  • Cartera Commerce unveils new website.
  • Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.
  • National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.
  • Forex Brokerz talks about the beta release of Darwinex’s social trading platform.
  • peerTransfer tops $1 billion in international education payments, announces 500th client.
  • Bloomberg.com features Venmo, Fiserv’s Popmoney, and Dwolla in column on Millennials and mobile payments.
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.

Alumni News– August 18, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSilanis Technology releases e-signature solutions for Salesforce and Microsoft Dynamics CRM. See Silanis at FinovateFall 2014 in New York.
  • Michael Grillo of ACI Worldwide talks about the role of mobile devices in fighting payments fraud.
  • Klarna announces appointment of Jon Kamaluddin to its Board of Directors.
  • SumUp earns double-digit million dollar investment led by Life.SREDA
  • Xero’s Customer Experience team wins Bronze Stevie Award in 2014 International Business Award. Check out Xero’s presentation at FinDEVr in San Francisco this October.
  • TechCrunch: Coinbase acquires blockchain explorer, Blockr.io.
  • Silicon Angle: Why Cardlytics ditched sample data for its real-time analytics tactics.
  • EE Times reviews the similarities and differences between Ripple and bitcoin.
  • Forbes column on “the other sharing economy” profiles Expensify
  • Investors.com checks in with Betterment on strategies for meeting retirement financial challenges.
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.

Alumni News– August 14, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv and DBS win Asian Banker Technology Implementation award.
  • Expensify enables in-app report comments to make annotations directly on expense reports.
  • Merchants using WordPress now have access to two new payment gateways: Dwolla and PayPal Express Checkout.
  • Bank Innovation takes a look at how “Pay with Venmo” will impact mobile e-commerce.
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.

Alumni News– August 14, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv and DBS win Asian Banker Technology Implementation award.
  • Expensify enables in-app report comments to make annotations directly on expense reports.
  • Merchants using WordPress now have access to two new payment gateways: Dwolla and PayPal Express Checkout.
  • Bank Innovation takes a look at how “Pay with Venmo” will impact mobile e-commerce.
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.

Alumni News– August 1, 2014

  • Finovate-F-Logo.jpgStartup Daily: Startups leverage Xero’s API as part of their growth hacking strategy. Check out Xero’s API up close at FinDEVr in San Francisco September 30 – October 1.
  • Expensify grows from 24 employees in January to 45 employees in July.
  • Cachet Financial Solutions receives allowance for patent that covers aspects of its RDC platform to deposit bank checks using their Apple desktop, laptop or mobile device.
  • PlayMoolah’s WhyMoolah launches Act 2 to enable gamers who completed Act 1 to play out their lives from age 35 to 55.
  • ZipZap raises $1.1 million in new funding.
  • Your Mark on the World interviews AdaPia d’Errico, Chief Marketing Officer for Patch of Land. See Patch of Land demo at FinovateFall 2014 in New York.
  • defi Solutions CEO Stephanie Alsbrooks talks loan origination in Non-Prime Times.
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.

Alumni News– July 28, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPayPal announces partnership with MyOrder to enable PayPal payments at 1,500 locations in the Netherlands.
  • SecureKey launches new single-stack API integrations for card-present, card-not-present, and ACH transactions.
  • Concur adds gamification features to TripLink, the company’s spend management solution.
  • Expensify changes report submission and approval process for those using Expensify outside of an expense policy.
  • Concur partners with Airbnb to make it easier for business travelers to file expenses when booking on Airbnb.
  • RazorSocial takes a look at simplifying Google Analytics using Quill Engage from Narrative Science.
  • Financial Guard featured in Investment News’ review of “robo-advisors” and online investment managers.
  • Huffington Post: Pellucid Analytics turns data into content to make lives easier for investment bankers.
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.

Alumni News– July 7, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker features Tradeshift in a column on startups innovating in the small business bill pay space.
  • Credit Union Broadcast interviews Greg Ewald, VP of Marketing for Loop.
  • Zighra partners with Toyuma to launch a Kickstarter project to launch PassZweipe, a password manager app.
  • Billhighway to provide automated donation processing for The Michigan Humane Society.
  • Open Bank Project organizing Hack/Make The Bank hackathon in Berlin. Check out more builder tools at FinDEVr this Fall.
  • Bill.com, ZenPayroll, and Expensify earn spots Sqrl blog’s list of 39 apps you didn’t know could grow your business.
  • Narrative Science’s Kris Hammond is featured in Business Insider’s Technology section.
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– May 21, 2014

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  • Expensify’s new mobile release now lets you use the Wingman feature on your phone.
  • InComm launches mobile platform for mobile wallet providers and merchants.
  • Heckyl opens for business in London.
  • Cortera launches new receivables management tool, Cortera Open Receivables.
  • Pymnts.com interviews Chris Larsen on how Ripple Labs simplifies B2B payments.
  • Wallaby Financial teams up with CreditCards.com to launch WalletUp.
  • FutureAdvisor raises more than $15 million; seeks to grow team.
  • Fiserv to participate in University of Connecticut Business School’s Financial Accelerator Program.
  • Credit Sesame earns spot on the 2014 Red Herring Top 100 Most Promising Companies list for North America.
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– April 18, 2014

  • Finovate-F-Logo.jpgTuition.io brings in funding, surpasses $1 billion in loans under management.
  • eWeek talks to Pindrop Security about scams during tax season.
  • PYMNTS.com chats with miiCard CEO James Varga about identity theft.
  • Financial Samurai interviews FutureAdvisor CEO, Bo Lu.
  • Lending Club raises $115 million in debt and equity; acquires Springstone Financial.
  • Kabbage blog features Expensify in its list of the 10 best mobile apps for small businesses.
  • MasterCard to acquire APAC-region loyalty and rewards provider, Pinpoint.
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.