Flint Mobile

Alumni News– December 11, 2014

By David Penn Posted on
Categories: Azimo, Bluefin Payment Systems, Cartera Commerce, CUneXus, Dynamics, Flint Mobile, Google, IDology, Intuit, Kabbage, Lending Club, Lendio, Malauzai Software, Mortgage Harmony, PayNearMe, PayPal, Pindrop Security, Prosper
  • Thumbnail image for 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.jpgMalauzai Software announces launch of its SmartMarketing program to promote mobile banking.
  • Azimo extends £1 money transfer service to India, Pakistan, Bangladesh, and Sri Lanka.
  • Information Week takes a look at mobile payment apps including Flint.
  • Mortgage Harmony rebrands as Rate Reset.
  • Contact Solutions, IDology, and Pindrop Security team up to Cut IVR Fraud.
  • Examiner.com: Dynamics‘ next-generation credit card features buttons to log-in PIN security code.
  • Lendio CEO explains how his company is fueling the American dream.
  • Prosper comments on Lending Club IPO, expects to top $9 billion in loans this year.
  • PayNearMe partners with Department of Health and Human Services to spread the word about healthcare.
  • Bluefin Payment Systems to provide its PCI-validated Point-to-Point Encryption (P2PE) Solution to Priority Payment clients.
  • Career Bliss lists PayPal, Intuit, and Google in the top 50 happiest companies in the U.S.
  • Lending Club launches IPO, shares rally 70% in early trading.
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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Alumni News– October 29, 2014

By David Penn Posted on
Categories: Coinbase, CurrencyFair, Flint Mobile, Forte Payment Systems, Google Cloud Platform, Knox, MasterCard, Segmint, vaamo
  • 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.jpgSmall Business Computing features Flint Mobile in its short list of small business financial apps.
  • MasterCard announces launch of MasterPass in Taiwan.
  • Segmint raises $9 million in new funding.
  • Vaamo raises $3.2 Million, Launches Out of Private Beta.
  • Coinbase adds multi-signature tech to its Vault for high net worth Bitcoin holders.
  • Vogogo partners with Knox Payments to enable its future US clients to accept payment from any US bank account.
  • Google Cloud Platform announces Beta For Local SSD.
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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Flint Mobile Announces Verizon-Led $9 Million Investment Round

Flint Mobile Announces Verizon-Led $9 Million Investment Round
By David Penn Posted on
Categories: Flint Mobile

Thumbnail image for FlintMobileLogo.jpg

With a just-announced $9.4 million in funding led by Verizon Ventures, Flint Mobile now stands with more than $20 million in total capital. Participating in the Series C alongside Verizon Ventures were existing investors Digicel, Storm Ventures, True Ventures, and new investor, Peninsula Ventures.

A specialist in providing point-of-sale solutions for mobile merchants, Flint Mobile has carved out a niche for itself as the hardware-free Square alternative. The company’s iOS and Android apps rely on a combination of card scanning and manual entry to enable merchants to accept credit and debit cards without a card reader. The technology can create and send invoices, works with Passbook loyalty coupons, and features QuickBooks Online integration, as well.

Flint_homepage
Keeping his cards close to the vest, Flint Mobile CEO Greg Goldfarb had more to say about how and why his company had expanded its offering beyond basic mobile payments than why Verizon Ventures choose to invest in his company. With regard to the former, Goldfarb pointed out that the same small, independent merchants who relied on Flint for payments had started to wonder if there were ancillary services – such as invoicing and advance billing – Flint could provide.
The short answer was “yes.” The somewhat longer answer is Sell Online, the new service launched by Flint at the beginning of the month. Sell Online allows merchants to add a customizable button to their website (or as a link that can be sent through email or social media) that keeps customers on the page, provides a secure, encrypted checkout, and makes online sales and orders easy to track and manage.
Flint_SellOnline
There are no additional costs for merchants using Sell Online. Debit card transactions are 1.95%, with credit card transactions at 2.95%, the same as Flint’s regular fees.
With regard to the company’s future with Verizon, Goldfarb’s refusal to talk much detail about the investment hasn’t stopped others from wondering what might lurk beyond the infusion of capital into Flint. For example while VentureBeat’s coverage quoted Goldfarb linking the new capital to further product development, Gigaom’s coverage of the announcement tantalizingly hinted at the possibility of Verizon offering Flint to its customers “as a simple application download.”
Based in Redwood City, California, and founded in April 2011, Flint demoed its technology as part of FinovateSpring 2012 in San Francisco. See video of Flint in action.

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Alumni News– October 23, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bionym, CardFlight, Digital Insight, Flint Mobile, Forte Payment Systems, Insuritas, Intuit, Jingit, PayPal, Settle
  • Finovate-F-Logo.jpgJingit’s Head of Product, Chris Ohlsen, weighs in on loyalty and rewards.
  • Intuit launches developer experience and global app store for QuickBooks Online, including payments API.
  • Anovia Payments partners with CardFlight to offer mobile point of sale solutions to merchants and developers.
  • Richwood Bank hires Insuritas for its insurance agency solution.
  • Bionym forges own path to biometric harmony with the Nymi band.
  • Forte CEO Jeff Thorness comments on why omnichannel  is not just a buzzword.
  • MECU to provide members with digital banking services from Digital Insight.
  • PayPal’s Venmo earns a spot on VentureBeat’s list of 13 must-own apps for your smartphone.
  • Flint announces Verizon-led $9 million investment round.
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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Alumni News– June 18, 2014

By David Penn Posted on
Categories: Betterment, Bill.com, Check, Coinbase, FIS, Flint Mobile, Kony Solutions, Lending Club, Motif Investing, Personal Capital, ThreatMetrix, TransferWise, Wealthfront
  • Finovate-F-Logo.jpgThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.
  • Kony brings in $50 Million in Financing Led by SoftBank Capital.
  • Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.
  • Umpqua Bank announces plans to transition to a scalable core solution from FIS.
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– February 5, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Backbase, Digital Insight, Digital Mailer, Experian, Fiserv, Flint Mobile, Kabbage, PlayMoolah, Taulia
  • Finovate-F-Logo.jpgKabbage expands platform to serve all SMBs: online, brick-and-mortar, and services businesses.
  • Spend Matters interviews Taulia’s Markus Ament on its discounting philosophy, e-invoicing, and ERP.
  • Gartner recognizes Backbase CXP as being at the forefront of UX design and mobile development support.
  • Washington Federal picks Fiserv’s DNA account processing platform.
  • Digital Mailer adds eight new financial institutions to its My Virtual Strongbox service.
  • Experian launches real-time data sharing service for UK credit providers.
  • Genesis Financial chooses ACI Worldwide to power multichannel call center and eLockbox payment options.
  • LegacyTexas Bank of Plano to work with Digital Insight to deploy online and mobile banking solutions. See Digital Insight demo at FinovateEurope next week.
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 30, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, D3 Technology, Fidor Bank, Flint Mobile, Geezeo, InComm, LendUp, Lighter Capital, Lodo Software, MiiCard, Mitek, SeedInvest, TransferWise, Zopa
  • Finovate-F-Logo.jpgArxan appoints Patrick Kehoe as Chief Marketing Officer.
  • GRANCO Federal Credit Union to offer Geezeo powered PFM.
  • Mitek’s Mobile Photo Payments now offered by a large, unnamed cable, telecomm and media companies.
  • Lighter Capital extends 40th loan.
  • Lodo Software changes its name to D3 Technology.
  • miiCard adds former SWIFT CEO Lázaro Campos, previous VP of SecureWorks Richard Lewis, and prior Clydesdale executive Kenny White to its Board of Directors.
  • Zopa secures £15 million from London-based Arrowgrass Capital Partners.
  • Crowdfund Insider looks at SeedInvest and its comment letters to the SEC on crowdfunding and the JOBS Act.
  • LendUp launches educational video series to help combat identity theft.
  • Flint Mobile announces start of partner program for ISOs, MSPs, and ISVs.
  • Financial Times column on online banking and the cloud features Fidor Bank.
  • Your Story features TransferWise and its co-founder Taavet Hinrikus.
  • InComm and H&R Block enable consumers to reload their H&R Block Emerald Card at more than 60k Vanilla Reload locations in the U.S.
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 13, 2014

By David Penn Posted on
Categories: BillGuard, CoverHound, eToro, Flint Mobile, MiiCard, PhotoPay, ShopKeep POS
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeToro to allow its members to invest and trade in bitcoin.
  • CaixaBank enables cardholders to make transaction-based, charitable micro-donations.
  • PhotoPay wins spot in this year’s FinTech Innovation Lab London. See them in action at FinovateEurope.
  • Flint Mobile, BillGuard both featured in Forbes column on companies “moving global commerce forward.”
  • Daily Mail takes a look at Zopa and the Zopa Rate Promise.
  • miiCard and Axiomatika partner to power identity verification solutions for the Russian financial industry.
  • CoverHound grows 533% Year over Year in 2013 and Promotes Keith Moore to CEO.
  • ShopKeep POS launches ShopKeep Mobile for iPod Touch.

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 8, 2014

By David Penn Posted on
Categories: CurrencyFair, Doxo, Dynamics, Flint Mobile, LendUp, Manilla, Refundo
  • Thumbnail image for Finovate-F-Logo.jpgMerchant Maverick calls Flint Mobile “the perfect service for low-volume merchants.”
  • LendUp and Refundo team up to provide short-term loans for underbanked taxpayers waiting for refunds.
  • Manilla launches Bill Share to make managing family finances easier.
  • CurrencyFair unveils their new website.
  • The Seattle Times joins doxo to simplify bill delivery and payment for subscribers.
  • Dynamics ePlate Visa Card adds 50th rewards partner.
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

FinovateFundingIMG.jpg

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.
2013YearEndTable.jpg
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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Flint Raises $2 Million from Verizon Investments

By David Penn Posted on
Categories: Flint Mobile

Thumbnail image for Thumbnail image for Thumbnail image for FlintMobileLogo.jpg

Add another $2 million in funding for mobile payments startup, Flint Mobile.

The company said on Tuesday that Verizon Investments was contributing to Flint’s Series B round of funding. The additional capital from Verizon Communication’s investment division boosts Flint’s total funding for this round to $8 million.

Flint also announced integration with Apple’s Passbook. According to Flint CEO Greg Goldfarb, the idea is to “enable little businesses that don’t have a lot of technology resources and no cash register to act with the efficiencies of bigger businesses.” The Passbook integration will allow coupons and offers to be added to digital receipts, which can be sent via email or stored in Passbook. Users will also be able to manage payments, send invoices, and receive payments online.

flint_homepage1.jpg
Flint offers iOS and Android compatible mobile payments systems that requires no additional hardware or card reader. The technology makes it easier for smaller and nontraditional businesses to accept credit cards, and allows merchants to issue invoices and create customized receipts safely and securely.
The company made headlines in October with news that it had received $6 million in Series B funding from wireless service provider, Digicel. Flint demoed its technology at FinovateSpring 2012 in San Francisco. See the company in action here.

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Finovate Alumni News– December 10, 2013

By David Penn Posted on
Categories: Capital Access Network, Compass Plus, EyeVerify, Flint Mobile, Jemstep, Manilla, Mint.com, Motif Investing, NICE Systems, planwise, SigFig, Wealthfront
  • Thumbnail image for Finovate-F-Logo.jpgCapital Access Network changes its name to CAN Capital.
  • Compass Plus survey reflects declining support for NFC amid growing popularity of mobile channel.
  • CFA Institute’s Inside Investing takes a look at Motif Investing and “the secret revolution in finance.”
  • Gartner places NICE in leaders quadrant of the 2013 Magic Quadrant for Contact Center Workforce Optimization.
  • Wealthfront announces new ability to harvest losses on stocks that comprise an index.
  • Flint Mobile raises $2 million from Verizon Investments.
  • Mint, Manilla, SigFig, Jemstep and Planwise featured in Kiplinger’s list of smart online tools to manage finances.
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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