FlexScore Archives

United Capital Acquires FlexScore

By Julie Muhn (@julieschicktanz) Posted on February 19, 2016
Categories: FlexScore, Mergers & Acquisitions

FlexScore, a platform that gamifies financial planning, was purchased by California-based advisory firm United Capital this week. Terms of the deal were not disclosed.

United Capital, which holds $15 billion in assets under management, plans to use FlexScore as a tool to help its advisers engage clients.

The FlexScore platform assesses and scores the user’s financial health and assigns action steps (as seen below) to improve their score. The goal is to reach a top score of 1000, which signifies financial independence.

United Capital CEO Joe Duran commented to Investment News that FlexScore fits the “missing piece” from the company’s digital suite for clients and advisers. Additionally, Duran stated, “The right intersection is not technology alone, or people alone, but when you have an interactive engaging experience that is powered by people.”

In the future, Duran plans to implement the scoring tool within retirement plans to stimulate engagement. The company is in talks with potential partners for this use case.

United Capital began its relationship with FlexScore in 2014 when it purchased FlexScore’s parent company, Valley Wealth, in a deal that excluded FlexScore.

FlexScore co-founders Jason Gordo and Jeff Burrow launched the startup at FinovateSpring 2013. Since then the San Francisco-based company has raised $4.7 million and created a mobile version of the app (launched at FinovateFall 2014 in New York).

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on February 19, 2016
Categories: Credit Karma, Dwolla, ebankIT, FlexScore, Striata, Vantiv

On Finovate.com

“Credit Karma Unveils New Mobile App Design”

“FinovateEurope the Musical (Yes, Really)”

“United Capital Acquires FlexScore“

Around the web

Striata launches Secure Document Repository solution in the U.S. marketplace.

Credit Karma launches redesigned iOS and Android apps.

Vantiv Integrated Payments announces the second phase of its Security Pays initiative.

KPMG recognizes ebankIT as one of its top 10 “Emerging Stars” in the global market.

CoinDesk looks at Dwolla and its new focus on the blockchain.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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FlexScore Launches the Mobile Version of its Financial Planning Gamification App

By David Penn Posted on September 23, 2014
Categories: FinovateFall 2014, FlexScore

This post is part of our live coverage of FinovateFall 2014.

As we approach the halfway mark of our first session of the afternoon, here comes the FlexScore team to the stage, demoing FlexScore Mobile.

“FlexScore is now available in a mobile version, allowing users to take FlexScore with them wherever they go. FlexScore maintains its core features – the scoring engine, the Action Steps, the Peer Ranking feature – while empowering the user further through our new pocket-sized, accessible format. Just as with our desktop version, the user interface is spacious, simple, and easy to understand, all while retaining the full power of automated financial advice.”

Presenting: Jason Gordo (CEO) & Jeff Burrow (COO & President)

Product Launch: September 2014

Metrics: $2.5M raised to date, 7 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

HQ: San Francisco, CA

Founded: April 2012

Website: flexscore.com

Twitter: @flexscore

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FinovateFall 2014 Sneak Peek: Part 3

By Julie Muhn (@julieschicktanz) Posted on August 26, 2014
Categories: Algomi, Digital Mailer, FinovateFall 2014, FinovateFall 2014 Sneak Peek, FlexScore, HedgeCoVest, Linqto, Malauzai

Last week we took a look at 12 companies that will present at FinovateFall this September 23 and 24 in New York:

Part 1: BizEquity, Gremln, Hoyos, Knox, NopSec, and Rippleshot

Part 2: Backbase, BioCatch, blooom, iBillionaire, Patch of Land, and Settle

Today, we’re covering six more companies who will hint at what their 7-minute demo will reveal on stage. If you’re interested in seeing the full live demo, get your FinovateFall ticket here.

Algomi

Features:

Aimed at financial markets trading
Finds trade opportunities on hard-to-trade items through its smart network
Connects the right organizations around trades
Does not disclose sensitive franchise data

Why it’s great:

It’s a B2B inter-firm trading social network in high-value, professional financial markets

Presenters:

1) Stu Taylor, CEO

Named as one of the 40 most influential individuals in Fintech 2014 by the Wall Street Journal eFinancial News. Previously a managing director in trading at UBS.

2) Usman Khan, CTO

Before co-founding Algomi, Khan was managing director at CapXD, a company he founded that sells technology solutions to investment banks.

FlexScore is the industry’s first personal financial health score that uses a patented algorithm and gamification to analyze your entire financial life and suggests ways to improve.

Features:

Sets up automated financial advice beyond budgeting and investing
Integrates with your financial institution’s products and solutions
Offers a digital engagement platform for customers and advisors

Why it’s great:

FlexScore simplifies financial planning for everyone and offers institutions a digital engagement platform that drives customer loyalty and profits higher.

Presenters:

1) Jason Gordo, CEO

Jason worked as a financial advisor for thirteen years and co-founded an advisory firm that was recognized by Forbes as a top-fifty emerging RIA.
LinkedIn

2) Jeff Burrow, President and COO

Jeff spent fourteen years as a financial advisor, working with foundations, retirement plan participants, and high-net-worth individuals. He co-founded an advisory firm with Jason Gordo.

HedgeCo Networks’ HedgeCoVest is the first investment platform to allow investors and advisors to mirror actual hedge fund portfolios into their individual brokerage accounts in real time.

Features:

Real-time performance and portfolio-monitoring tools
Easy-to-use platform to analyze hedge fund’s portfolios
Allocate/liquidate intraday with the ability to lever portfolios up or down

Why it’s great:

HedgeCoVest provides an easy-to-use, secure platform for investors to mirror actual hedge fund portfolios in real-time with liquidity, transparency, and simple flat fees.

Presenters:

1) Evan Rapoport, Founder & CEO

Rapoport is the CEO/Founder of HedgeCo Networks who has been featured as a hedge fund expert on CNBC, MSNBC, FOX and leading publications.

2) Aaron Wormus, CTO

Wormus is the CTO of HedgeCoVest. Prior to HedgeCoVest, Mr. Wormus was the director of technical operations for HedgeCo websites & chief architect of the analytics suite, Hedge Fund Calculator.
LinkedIn

Linqto lets you talk to your neighborhood banker, anytime, anywhere. Linqto’s Personal Banker delivers video-based, face-to-face transaction processing and communication with remote customers from any device.

Features:

Instant, easy video connection from any device, website, or kiosk
Do-it-for-me transactions add security to mobile banking
One-to-many video feature provides cross-sell and social opportunities

Why it’s great:

Consumer trust in banks is at record lows. Linqto’s Personal Banker delivers the essential face-to-face human connectivity and relationship-building benefits your remote customers are missing.

Presenters:

1) Dune Thomas, Vice President of Mobile Banking Solutions

The innovation leader behind Personal Banker, Dune is also currently leading automation efforts for Linqto clients Digital Insight and NCR in the financial mobile-apps sector.

2) Bill Sarris, CEO

A recognized expert in the field of streaming and collaborative technology, Bill has delivered major enterprise software applications for Microsoft, Intuit, Digital Insight, NCR, Google and Stanford.

Malauzai is designed for an exceptional user experience with superior economic value. SmartwebApps deliver the next generation of mobile banking by leveraging the power of an app-like experience on any device.

Features:

An app-like experience on any device, even the desktop
Responsive design and consistency across channels
More efficient and faster implementation

Why it’s great:

Internet banking is dead as you know it.

Presenters:

1) Robb Gaynor, Chief Product Officer and Founder

Gaynor heads up the product development and marketing for Malauzai, focused on ensuring the company has solutions at the cutting-edge of mobile innovation.

2) Danny Piangerelli, Chief Technology Officer and Founder

Piangerelli leads the technology team and is responsible for all aspects of Malauzai’s technology infrastructure.
LinkedIn

Virtual StrongBox is an online safe deposit box. Customers store important information for record keeping and disaster recovery. Nothing’s more important than trust.

Features:

Encryption-at-rest for stored documents
Easy-to-use interface
Enterprise file exchange

Why it’s great:

Secure storage solutions are a valuable addition to the customer experience. Help your customers protect their important personal information with My Virtual StrongBox.

Presenter:

Ron Daly, President and CEO

Daly knows a thing or two about digital communication and bottom-line performance. He is President/CEO of Virtual StrongBox and a former CFO of a $1.5 billion financial institution.

We’ll feature 6 more companies this Thursday in Sneak Peek: Part 4 so stay tuned.

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FlexScore Debuts the Advisor Version of its Web-Based Financial Planning Service

By David Penn Posted on April 29, 2014
Categories: FinovateSpring 2014, FlexScore

This post is part of our live coverage of FinovateSpring 2014.

FlexScore is making its way to the stage next. The company is debuting its FlexScore Advisor Version.

“FlexScore gives you total financial clarity wrapped up in a single score. Until now, there has never been a product or service that truly meets the needs of both the financial advising community and your average everyday household that has a need to plan financial and find appropriate (not ‘sold’ with high commissions and kickbacks) products and services to solve its problems.

Over the last 3 years we’ve been developing this web-based financial planning service to benefit both consumers and advisors. We are announcing at FinovateSpring 2014 that FlexScore has created an Advisor version.”

Presenting: Jason Gordo (CEO) and Jeff Burrow (COO & President)

Product Launch: April 2014

Metrics: $2.5 million raised to date; 7 employees

Product distribution strategy: Direct to Consumer 9B2C), Direct to Business (B2B), through financial institutions

HQ: San Francisco, California

Founded: April 2012

Website: flexscore.com

Twitter: @myflexscore

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Finovate Alumni News– January 6, 2014

By David Penn Posted on January 6, 2014
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

Checking 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.

Check out numbers from Simple’s year in review with 6.6 million transactions.

The Financial Post covers FinanceIt’s POS financing solution.

Expensify revamps UI and adds executive assistant permissions with new “Wingman” feature.

Novartis to offer Geezeo-powered PFM.

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 News– November 18, 2013

By Julie Muhn (@julieschicktanz) Posted on November 18, 2013
Categories: Billhighway, Credit Sesame, Doxo, EyeVerify, FlexScore, Leaf, Lending Club, Lendio, MasterCard, Open Bank Project, PayNearMe, PaySimple, ShopKeep POS, SumUp, Toopher, Wallaby Financial

RentPaidOnline and PayNearMe partner to bring cash payments to its online platform

Daily Finance interviews PaySimple CEO Eric Remer on Next-Gen Payment Processing.

ShopKeep POS releasing new version of its iPad-based sales mgmt system to cut checkout time in retail locations.

Novant Health launches on doxo to deliver bills & simplify the patient experience.

Lendio named one of Utah Business Magazine’s Best Companies to Work for in 2013.

Credit Sesame launches banking channel with new interest rate comparison tool.

Billhighway ranked no. 146 fastest growing company in North America on Deloitte’s 2013 Tech Fast 500.

Former U.S. Treasury assistant secretary for financial institutions and Google SVP join Lending Club’s advisory board.

The Paypers reports SumUp extends to Latin America with launch of m-payments service in Brazil.

Lend Academy reports: Lending Club now valued at over $2 Billion.

Open Bank Project organizing the second edition of Hack/Make The Bank FinTech hackathon in Paris on Nov 30th.

EyeVerify competes tonight in Kauffman Foundation’s “Get in the Ring: The American Startup Clash”.

Texas Advanced Computing Center to test pilot Toopher’s Invisible Multifactor Authentication solution.

MasterCard opens office in Bangladesh.

GetRichSlowly reviews FlexScore.

Leaf featured in column on Boston-based mobile payment hardware systems.

The Points Guy compares new Coin card to Wallaby 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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Finovate Alumni News– November 7, 2013

By Julie Muhn (@julieschicktanz) Posted on November 7, 2013
Categories: BancVue, Bill.com, FIS, Fiserv, FlexScore, IND Group, Leaf, Manilla

American Banker reports: Bill.com Updates Banking Platform.

FIS, Fiserv, BancVue, & IND Group included in 2013 FinTech 100 rankings.

U.S. News and World Report wonders if FlexScore will replace credit scores.

PC Mag reviews Manilla.

Leaf earns a spot on BostInno’s “50 on Fire Finalists for Tech”.

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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FinovateFall 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on September 16, 2013
Categories: Akimbo Financial, Backbase, BizEquity, FinovateFall 2013, FlexScore, Float Money, FutureAdvisor, Instabank, Interactions, mBank, Mitek, MoneyDesktop, Narrative Science, Numbrs, Saved Plus, SECOM GMixon Pixeliris, SpearFysh, Think Finance, TipRanks, WordSentry, Yodlee, Zighra

Affluent Strategies

Finovate Fall 2013 Best of Show Winners

by JP Nicols