FinanceIt

FinanceIt’s New Printed Materials Service Keeps Shoppers Informed of Financing Options at the Point of Sale

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinanceIt

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In an era when the Internet of Things is becoming wildly popular, POS financing provider Financeit has opened up a communications channel in the analog world of print.

The Canadian-based company announced today that its users now have the option to order printed materials, such as:

    • Brochures detailing Financeit and its benefit to customers
    • Price tags that help highlight monthly prices
    • Posters and window displays
    • Stickers for front window and cash register 

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These printed materials not only let shoppers know that instant financing is available in the store, but also help to educate them about the merchant’s payment plan options through Financeit.

Users can order these items in the Library section of their account.

Financeit has raised a total of $21 million and demoed at FinovateFall 2013 and FinovateFall 2012.

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Finovate Alumni News–February 3, 2014

By David Penn Posted on
Categories: FinanceIt, HelloWallet, Holvi, Monitise, Taulia, TSYS
  • Thumbnail image for Finovate-F-Logo.jpgMonitise acquires Pozitron in all share deal worth $100 million.
  • TSYS announces two new board members: William M. Isaac and Connie D. McDaniel.
  • Washington Post features HelloWallet’s principal scientist.
  • Spend Matters interviews Taulia’s Chief Product Officer.
  • Arctic Startup: Holvi lets startups compare their finances to Apple’s first year.
  • FinanceIt’s Casper Wong nominated for Inc Magazine’s 30 Under 30.
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– January 6, 2014

By David Penn Posted on
Categories: BillGuard, CurrencyFair, Expensify, FinanceIt, FlexScore, FutureAdvisor, Geezeo, Google, Jemstep, LearnVest, Level, MasterCard, Mint.com, Personal Capital, Saved Plus, Signifyd, Simple, TIO Networks, Wallaby Financial, Wealthfront
  • Thumbnail image for Finovate-F-Logo.jpgChecking in with FlexScore is top of the list in this Forbes column on financial planning for those turning 50 this year.
  • Mint, Personal Capital, SavedPlus, and LearnVest earn spots on Fox Business’ list of “5 apps to help keep your 2014 financial goals.”
  • CodeSumBlog names BillGuard as its top financial management productivity app.
  • MasterCard completes acquisition of Provus, Turkey’s leading independent payments processor.
  • Google announces that customers can now activate their Google Wallet card via the mobile app.
  • CurrencyFair highlighted in New York Times column on Ireland’s tech start-up scene.
  • The Financial Post covers FinanceIt’s POS financing solution.
  • Expensify revamps UI and adds executive assistant permissions with new “Wingman” feature.
  • Forbes lists LearnVest, Personal Capital and BillGuard as apps for saving money.
  • Xconomy lists Jemstep and Personal Capital as two new online services to put you back in command of your 401(k).
  • TIO Networks acquires Globex Financial Services to add well-known & respected billers to TIO’s business.
  • Signifyd API adds fraud prevention to ecommerce platforms.
  • Saved Plus, Wallaby, FutureAdvisor, Wealthfront, and Level picked for CNN Money’s list of the 15 best financial sites and apps.
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 Raise $825 Million in 2013, Up 79%

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Apprenda, Azimo, Bill.com, BillFloat, Cardlytics, Check, Clover Network, CoverHound, Credit Karma, CurrencyFair, DeviceFidelity, Doxo, Dwolla, ERN, Fenergo, FinanceIt, Flint Mobile, FTRANS, Funding, Heckyl Technologies, Jemstep, Kofax, Kony Solutions, LearnVest, Lendio, LendUp, Meniga, Moven, Narrative Science, Numbrs, On Deck Capital, OpenCoin, P2BInvestor, Payfone, PayNearMe, peerTransfer, Personal Capital, Ping Identity, Prestadero, Prosper, Q2ebanking, Receivables Exchange, SafetyPay, SeedInvest, Socure, SoMoLend, Spreedly, SumUp, Swipely, Taulia, TradeHero, Tradeshift, TransferWise, True Office, Trustev, Tuition.io, Wealthfront, Wipit, Xero, Zooz

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Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
2013 funding summary:
    • 62 companies raised $825 million
    • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
    • October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
    • May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
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Quarter 1 — blog post
More than $155 million raised by 14 companies
January — $57 million raised by 6 companies
February — $56 million raised by 5 companies

March — $42 million raised by 4 companies


Quarter 2 — blog post
More than $205 million raised by 15 companies
June — $81.7 million raised by 6 companies
May — $91.5 million raised by 7 companies
April — $32 million raised by 2 companies

Quarter 3 — blog post
More than $171 million raised by 22 companies

July — More than $63 million raised by 8 companies
August — More than $26 million raised by 6 companies
September — $82 million raised by 9 companies
Quarter 4
More than $294 million raised by 17 companies

October— $177 raised by 6 companies
November — More than $87 million raised by 7 companies
December — More than $30 million raised by 6 companies

Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

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Finovate Alumni News– December 2, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Currensee, Expensify, FinanceIt, LICUOS, Manilla, Mint.com, Place2Give, PlayMoolah, Saved Plus, Temenos, Yodlee
  • Finovate-F-Logo.jpgPlace2Give partners with GivingTuesday Canada to promote giving this holiday season.
  • PlayMoolah launches WhyMoolah in collaboration with DBS Bank.
  • FinanceIt welcomes Katie Robinson, VP of Strategic Innovation at FIS, and Mark Johnson, former vice chairman of CheckFree to its board.
  • In Xconomy post Yodlee CEO Anil Arora explains how financial apps will make people smarter & more open about money.
  • Temenos announces T24 implementations in three Ghanian FIs.
  • LICUOS featured in International Banker column on supply chain financial management.
  • Oanda announces first upgrade to its recently acquired social trading service, Currensee.
  • Mint, Manilla, Expensify, and SavedPlus listed among MyCurrencyTransfer’s “Top 10 Money-Saving Apps.”
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 20, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dashlane, FinanceIt, FIS, Fiserv, Google, Intuit, Kabbage, Moven, TSYS
  • Kabbage launches iPhone app out of test market.
  • PC Mag includes Dashlane on list of the 50 best free iPhone apps of 2013.
  • Financeit brings in $13 million in series A funding.
  • TSYS Director of Innovation Chris Colson talks about the launch of their Idea Center.
  • Intuit launches Apps.com, a small business app store, and an updated QuickBooks Online API.
  • FIS to power Bharatiya Mahila Bank Ltd., the first women-focused public sector bank in India.
  • Fiserv wins top honors at Mobile Money Global and Mobile Excellence Awards with Popmoney P2P payments service.
  • TechCrunch reports that Google Wallet customers will soon have the option of physical, prepaid Wallet cards.
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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Financeit Brings in $13 Million in Series A Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinanceIt, Funding

FinanceItLogo.jpg

In 2011, Financeit began providing point-of-sale funding options for small businesses to offer their customers. Today it announced it has raised $13 million to bolster this unique business model.

Investors include:

    • TTV Capital
    • Inter-Atlantic Group
    • Second City Capital

The Toronto-based company, which has almost 3,000 merchants processing more than $500 million in loan applications on its platform in Canada, will use the funds to begin its expansion into the U.S.

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At FinovateFall 2013, Financeit launched its platform on the iPad, which enables merchants to capture customer information by photographing the customer’s drivers license using a tablet or smartphone. Check out the demo video here.

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FinanceIt’s New iPad App Gives Borrowers Instant Loan Approval at the Point-of-Sale

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinanceIt, FinovateFall 2013
This post is part of our live coverage of FinovateFall 2013.
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FinanceIt demonstrated how its technology provides consumer financing at the point-of-sale:
“FinanceIt iPad App with ID scan instant approvals and borrower facing online application form that merchant Partners can embed anywhere.”
Product Launch: January 2011
Metrics: FinanceIt has over 2,500 merchant partners who have processed over $400M in loan volume since launch. There are currently 40 employees and we have raised $8M. We are closing a $10M to $13M US expansion round this year.
Product distribution strategy: SEO, SEM, Trade Advertising, Partnerships, Sales, Business Development, & PR
HQ: Toronto, ON, Canada
Founded: January 2011
Website: financeit.ca
Presenting Michael Garrity (CEO), Casper Wong (COO), and Paul Sehr (CTO)
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The full demo video will be available at finovate.com in mid-September.

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Finovate Alumni News– August 27, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, Cachet Financial Solutions, FinanceIt, GMC Software Technology, MasterCard, MiiCard
  • Finovate-F-Logo.jpgFinanceIt’s split-cost marketing programs now available. Check out FinanceIt’s live demo at FinovateFall in a couple of weeks.
  • CertusBank launches new website based on Backbase Portal. Come see Backbase demo its new tech live at FinovateFall.
  • Cachet Financial Solutions partners with Nitro Mobile Solutions to integrate Cachet’s RDC platform in its mobile banking application.
  • miiCard updates its Digital ID Card. Come see miiCard’s demo at FinovateFall.
  • MasterCard appoints Raja Rajamannar Chief Marketing Officer. See MasterCard’s demo at FinovateFall 2013 in New York in September.
  • GMC Software Technology taps Scott Draeger for customer communications strategist role. Meet the GMC team at FinovateFall 2013.
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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