2012 Funding for Finovate Alumni– More than $450 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January — $25 million raised by 3 companies
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 com
panies
ActivePath: $10 million — blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

Third Quarter 2012 Funding for Finovate Alumni: More Than $50 Million Raised

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August was the biggest funding month of the third quarter. Six companies raised more than $49 million, led by FreeMonee, which alone raised $34 million.

In addition to the eight companies listed below, On Deck Capital raised $100 million in credit facility commitments in late August. 

Here’s the Q3 summary for 2012:

July — $6 million raised by 2 companies

August — More than $49 million raised by 6 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

Finovate Alumni News– October 29, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDiversinet upgrades mobile health security platform.
  • Forbes reports: FreeMonee Makes Gift Incentives Pay.
  • Killer Startups interviews Nick Hungerford, Nutmeg CEO.
  • DemystData blogs about what it will show in Singapore at FinovateAsia next week. Come to see its latest tech on Nov. 6.
  • Crowdsourcing.org interviews Candace Klein, CEO of SoMoLend.
  • Business Insider reports: PayNearMe has beaten PayPal to the cash market.
  • ChartIQ integrates With StockTwits Unveiling First-of-Its-Kind Social Stock Charting iPad App.
  • Online mortgage applications continue to soar as Mortgagebot clients’ loan volume advances toward 1 million mark.
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– September 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNew Dutch bank uses Figlo Platform to offer online financial overview.
  • InComm & ValuAccess partner to expand prepaid market in Hong Kong.
  • Las Vegas Review-Journal reports Kabbage helps e-tailer keep the orders moving.
  • FreeMonee wins Bronze Stevie Award in 2012 American Business Awards.
  • ChecknGo FinLab Blog interviews Casper Wong of CommunityLend.
  • Capital Access Network announces increased availability of small business loans through subsidiary, NewLogic Business Loans.
  • Bill.com named 2012 Product of the Year by the Business Intelligence Group.
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– September 7, 2012

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  • Fox Business News interviews Personal Capital CEO, Bill Harris, on 401(k) fees.
  • ShopKeep POS launches new iPhone app to give merchants better, faster access to real-time sales data. Come check out ShopKeep at FinovateFall next week.
  • Forbes considers: Why Intuit Is More Innovative Than Your Company.
  • TechCrunch reviews Giftly’s new app.
  • FreeMonee wins Direct Marketing Association 2012 Innovation Award.
  • Kiboo announces 3 key partnerships with First California Bank, FIS and MasterCard.
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– August 15, 2012

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  • MyBankTracker lists Mint, LearnVest, and HelloWallet as the best PFM tools. Come to FinovateFall to check out LearnVest.
  • PYMNTS.com recognizes Mitek as 1 of the “most innovative” companies in payments space.
  • Google Product Alum, Joe Wolf, joins FreeMonee as VP of Product.
  • Payment solutions provider, Payvision, partners with Virtual Piggy. Check out Virtual Piggy at FinovateFall in NYC next month.
  • Outright now integrates with Etsy Direct Checkout.
  • BehavioSec selected by military research organization DARPA to provide IT security.
  • Truaxis to provide ORCC with StatementRewards Loyalty Program. Check out Truaxis at FinovateFall September 12 and 13.
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– August 8, 2012

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  • MyBankTracker.com profiles Virtual Piggy.
  • Check out this month’s CEO interview Michael Wright of Striata.
  • FreeMonee brings in $34 mil in series B funding.
  • Bazaarvoice partners with consulting firm Booz & Company.
  • InComm partners with Galaxia Communications to distribute gift cards to Korean retailers.
  • Citywire’s WealthManager interviews Nick Hungerford CEO of Nutmeg.
  • Information Week profiles Franck Fatras of Capital Access Network.
  • Virtual Piggy to provide child-safe e-commerce solution for Under-18’s to The American Society for the Prevention of Cruelty to Animals.
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.

FreeMonee Brings in $34 Million in Series B Funding

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National gift network, FreeMonee, announced today that it raised $34 million in Series B funding.

It was led by Charles E. Ryan, current Chairman of UFG Asset Management, and also included returning investors, including:

    • Opus Capital Ventures
    • Redpoint Ventures
    • Sutter Hill Ventures
    • Pinnacle Ventures

This round more than triples the $11 million Series A funding the company received back in 2010.

Gadi Maier, CEO, president and co-founder of FreeMonee states:

“The new funds will help us to expand FreeMonee to even more retailers and broaden programs with top U.S. banks and credit card issuers.”

In the 9 months since its launch, the company has already seen impressive growth. Currently 4 of the top 8 banks have implemented the gift network, and the platform is in development with several others.

To learn more about FreeMonee, watch its FinovateSpring 2011 demo.

Finovate Alumni News– June 1, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGoogle Director, Russ Laraway, named SVP of Merchant Sales at FreeMonee.
  • American Banker describes the effect of Plastyc’s Kindle Fire app on underbanked consumers.
  • Business Insider points out how SimpleTution & Cartera Commerce are hacking the financial system.
  • IP Commerce launches app development challenge for next-gen POS app.
  • Bank Technology News compares how Plastyc and Mitek use tech to serve the underbanked.
  • American Banker takes an in-depth look at SimpleTuition’s SmarterBank.
  • Dwolla builds payment fees comparison tool.
  • Cachet Financial Solutions and eDOC Innovations partner to provide mobile deposit to Credit Unions.
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 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTIO Networks named one of Canada’s leading tech companies, placed in Canada’s Branham25. See TIO Networks new tech at FinovateSpring.
  • SecureKey named  one of the top 25 up and comers in the Branham300 list of top tech companies in Canada.
  • Guardian Analytics launches fraud detection software for mobiles.
  • The Brainyard reports Bazaarvoice adds SAP, Salesforce.com integration.
  • Mortgagebot’s online lending tech supports 25% increase in loan production for Bank of Colorado.
  • DoughMain launches new savings tool for kids.
  • KeyBank launches new mobile banking solution with mFoundry.
  • SpendMatters covers Taulia. Come see Taulia’s demo at FinovateSpring 2012.
  • WSJ looks at US Bank’s implementation of FreeMonee.
  • Figlo expands Asia Pacific focus.
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.

U.S. Bank Now Offers FreeMonee to Cardholders

Thumbnail image for FreeMoneeLogo.jpgLast month, we blogged about a FreeMonee FAQ page for U.S. Bank that hinted at a partnership. Today the bank partnered with the national gift network, making this official. 

USBankLogo.jpg

Now, the cash incentives are available for U.S. Bank cardholders to take advantage of the deals (from $2 to $50) provided by the merchant network. 
Here’s how it works:
“The FreeMonee Gifts are targeted to ensure they are relevant and valuable to customers. Cardholders redeem their gift by simply using their U.S. Bank Check Card when they shop at the specific retail store, website or restaurant named in their gift message. Once the purchase is completed, U.S. Bank automatically credits the cardholder’s account with the specified gift amount.”

U.S. Bank is the first financial institution to offer FreeMonee. As Clifford Cook, CMO for U.S. Bank Retail Payment Solutions states, “U.S. Bank is continually looking for ways to reward our loyal cardholders.”

The bank has not yet made the technology available to its consumers and has not announced when it will do so.
To learn more about FreeMonee, watch its FinovateFal 2011 demo

Finovate Alumni News– April 13, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAdvisors4Advisors describes inStream Solutions as the future of professional wealth management software.
  • Bank Technology News highlights tech startups Dwolla, T8 Webware, and SmartyPig in the silicon prairie.
  • Main St looks at how TIO Networks helps the underbanked consumer.
  • HSBC UK introduces Fast Balance app from Monitise.
  • U.S. Bank now offers FreeMonee to cardholders.
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.