FutureAdvisor Archives - Page 7 of 11

Alumni News– July 29, 2014

By Julie Muhn (@julieschicktanz) Posted on July 29, 2014
Categories: Betterment, Concur, Financial Guard, FutureAdvisor, Jemstep, Loop, Moven, Numbrs, Open Bank Project, Pellucid Analytics, Personal Capital, SigFig, Thinknum, Wealthfront, Xero

Concur partners with Uber to allow Concur users to link their accounts and automatically send Uber receipts to their expense reports.

The Financial Brand looks at opportunity for banks and credit unions in the Loop Visa partnership.

Open Bank Project making its API available during hackathon in September.

TechCrunch explores Pellucid Analytics’ take on PowerPoint pitch books.

Seed Me! Thinknum raises $1 million in seed funding round.

Feature on robo-advisors highlights seven alums: Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, and Wealthfront.

Macwelt reviews banking app Numbrs.

Bank Systems & Technology points to Moven as a nontraditional financial service provider “gunning” for banks.

Xero partners with MarketInvoice to bring faster funding to UK businesses.

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– July 25, 2014

By David Penn Posted on July 25, 2014
Categories: Actiance, BillGuard, Cartera Commerce, Coinbase, DemystData, eToro, FutureAdvisor, Holvi, Jemstep, Kabbage, LendingTree, Malauzai Software, MoneyDesktop, Monitise, Personal Capital, SecondMarket, Wealthfront, Zooz

Fox Business News features Kabbage’s small business lending process.

Huffington Post describes how DemystData’s big data analytics help evaluate creditworthiness.

Cartera Commerce’s CFO Karen Cambray named a finalist in Boston Business Journal’s 2014 CFO of the Year Awards.

Bloomberg: BillGuard programmers code in bomb shelters.

Coinbase launches Coinbase Vault to Better Secure Your Bitcoins.

MoneyDesktop appoints Brandon Dewitt as its first ever CTO.

SecondMarket CEO Barry Silbert stepping down in order to refocus his attention solely on bitcoin.

InvestmentNews features roboadvisors Jemstep, FutureAdvisor, Wealthfront, and Personal Capital.

The Irish Times looks at Holvi’s move into Ireland.

CMS Wire: Actiance wants to help companies curb social media mistakes.

Karen Webster of Market Platform Dynamics interviews Zooz CEO Oren Levy.

eToro announces new version of OpenBook for iOS.

Mobile Entertainment talks with Adam Levene, SVP of Strategy at Monitise Create.

LendingTree launches personalization platform.

Pymnts takes a look at the partnership between Malauzai Software and Trusteer. See Malauzai at FinovateFall in September.

Fortune.com interviews Bill Siegel, interim CEO of SecondMarket.

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 Alums Raise More than $600 Million for Second Quarter in a Row

By Julie Muhn (@julieschicktanz) Posted on June 30, 2014
Categories: App Annie, Betterment, BodeTree, Dashlane, DemystData, Fastacash, FutureAdvisor, Gremln, Holvi, Kabbage, Kony Solutions, Kreditech, LearnVest, Lending Club, Motif Investing, Nutmeg, Ondot, RevolutionCredit, SeedInvest, ShopKeep POS, Signifyd, Swipely, The Currency Cloud, TransferWise, Tuition.io, Wealthfront

In the first quarter of 2014, 23 Finovate alums raised more than $592 million

And as the second quarter draws to a close, it’s clear that a comparable cohort of alums have kept the pace.

Over the course April, May, and June, 28 alums raised significant amounts of capital ranging from Gremln’s $100,000 to the $65 million raised by Lending Club. The quarterly total of $594 million is almost exactly the same as the previous quarter.

And given that some amounts are undisclosed (I’m talking about you, Holvi, RevolutionCredit, and Tuition.io), we’re confident that Finovate alums have notched their second $600 million fund-raising quarter in a row.

How does this compare with the less recent past? Very well, indeed.

In the second quarter of 2013, 15 alums raised more than $200 million. This was a major improvement on the second quarter from 2012, which featured 14 companies raising more than $120 million.

Total raised for Q2 2014 = $594 million

April — $217 million raised by 11 companies

Betterment – $32 million – blog post
The Currency Cloud – $10 million – blog post
LearnVest – $28 million – blog post
Lending Club – $65 million (equity portion of debt and equity deal) – blog post
Ondot Systems – $18 million – blog post
SeedInvest – $2 million – blog post
ShopKeep POS – $25 million – blog post
Signifyd – $2 million – blog post
Tuition.io – undisclosed – blog post
Wealthfront – $35 million – blog post

May — $226 million raised by 11 companies

App Annie – $17 million – blog post
BodeTree – $2 million – blog post
Dashlane – $22 million – blog post
DemystData – $5 million – blog post
FutureAdvisor – $15 million – blog post
Holvi – undisclosed – blog post
Kabbage – $40 million – blog post
Motif Investing – $35 million – blog post
RevolutionCredit – undisclosed – blog post
Swipely – $20 million – blog post

June — $151 million raised by six companies

fastacash – $4 million – blog post
Gremln – $100,000 – blog post
Kony – $50 million – blog post
Kreditech – $40 million – blog post
Nutmeg – $32 million – blog post
TransferWise – $25 million – blog post

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@Finovate.com or Julie@Finovate.com

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Alumni News– June 30, 2014

By Julie Muhn (@julieschicktanz) Posted on June 30, 2014
Categories: BBVA, Betterment, Darwinex, Fiserv, FutureAdvisor, ID.me, Lending Club, Monitise, Nutmeg, Tradeslide

BBVA announces partnership with Visa to bring host card emulation (HCE) functionality for contactless payments for its Wallet app.

Teachers Federal Credit Union ($4.9 billion in assets) to deploy Fiserv DNA platform.

Monitise on the Move: Helping Banks Enable Commerce.

TradeSlide rebrands as Darwinex.

Lending Club moves closer toward an initial public offering.

ID.me’s partnership with Overstock.com to add first responders.

Millionaire Corner features Nutmeg and FutureAdvisor as examples of “productive and easy” online investing.

Free Enterprise interviews Betterment CEO Jon Stein.

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 23, 2014

By Julie Muhn (@julieschicktanz) Posted on June 23, 2014
Categories: BehavioSec, Betterment, Digital Retail Apps, eToro, FutureAdvisor, Nutmeg, Personal Capital, The Currency Cloud, TransferWise, Verde International

Behind the Scenes with Digital Retail Apps and Verde International.

CEOs and founders from eToro, BehavioSec, TransferWise, The Currency Cloud, and Nutmeg earn spots on FN’s 40 fintech leaders list.

Bill Harris, Personal Capital CEO, featured on CNBC to Personal Capital and how it differs from robo-advisors.

Investment News looks at the humans behind FutureAdvisor’s robo-advisors.

Betterment adds municipal bonds asset class to make client’s non-IRA portfolios more efficient.

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 9, 2014

By Julie Muhn (@julieschicktanz) Posted on June 9, 2014
Categories: ACI Worldwide, Betterment, Cortera, Fidor Bank, Financial Guard, FutureAdvisor, Jemstep, Kony Solutions, PlayMoolah, Ripple, Rippleshot, SigFig, VerifyValid, Wealthfront

Five Weeks to SixThirty: Accelerator Program Sets July 11th Deadline.

VerifyValid announced partnership with Lake Michigan Credit Union.

ACI Worldwide’s Point to Point Encryption solution adopted by Ecentric Payment Systems in South Africa.

Chicago Tribune’s Blue Sky Innovation column takes a look at fraud detection innovator, Rippleshot.

NYmag features fintech from FinovateSpring 2014.

E27 looks at PlayMoolah’s Indiegogo campaign.

Cortera to bring its business credit risk management to Equipment Street’s marketplace.

Weight Watchers selects Kony to power mobile point of sale capabilities.

CoinDesk interviews Fidor Bank COO Michael Maier on the Munich-based bank’s decision to use Ripple Labs to move money.

Financial Guard, FutureAdvisor, Betterment, Jemstep, SigFig, and Wealthfront make Kiplinger’s Best Online Advisory list.

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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FutureAdvisor Raises More than $15 Million; Seeks to Grow Team

By Julie Muhn (@julieschicktanz) Posted on May 21, 2014
Categories: FutureAdvisor, Lending Club

Add another $15.5 million to the amount of capital raised by alternative investment management service, FutureAdvisor.

The Series B investment takes the company’s total capital to more than $20 million. According to reporting at TechCrunch, the funding will help FutureAdvisor reach its goal of doubling its workforce to 40 by year’s end.

The round was led by Canvas Venture Fund’s Rebecca Lynn, and included participation by Sequoia Capital. Finovate Fun Fact: Rebecca is on the board of another Finovate alum, Lending Club.

FutureAdvisor sets itself apart from its peers with its promise to bring “premium investment management” to the masses. The company’s key differentiator, in addition to targeting a more upper middle class rather than “affluent” clientele, is that its technology is designed to help people best set up and manage their current IRA and/or 401(k) accounts.

What this approach may lack in scope – competitors focus more on creating new accounts rather than managing existing ones – it gains in practicality. With 401(k) plans alone representing 18% of the more than $19 trillion U.S. retirement market, there is plenty of opportunity for an investment management service with that kind of focus.

FutureAdvisor provides investment advice as well as rebalancing services. Without charge, investors can have their portfolios optimized using FutureAdvisors investing algorithms. For actual money management services, from monitoring and rebalancing to tax-loss harvesting, FutureAdvisor charges an annual management fee of 0.5%.

Founded in Seattle in May 2010 and now headquartered in San Francisco, FutureAdvisor has more than $110 million in assets under management. Bo Lu is CEO. The company demoed its Premium Service at FinovateFall 2013. See the demo here.

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Finovate Alumni News– May 21, 2014

By David Penn Posted on May 21, 2014
Categories: Cortera, Credit Sesame, Expensify, Fiserv, FutureAdvisor, Heckyl Technologies, InComm, Ripple, Wallaby Financial

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.

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Finovate Alumni News– May 14, 2014

By Julie Muhn (@julieschicktanz) Posted on May 14, 2014
Categories: ACI Worldwide, BodeTree, Bolstr, FinovateSpring 2014, Finovera, FutureAdvisor, LikeFolio, Loop, Manilla, Pindrop Security, Rippleshot, Saved Plus, Simple, TextPower, TIO Networks, Wallaby Financial, Wealthfront, WePay

TIO Networks partners with New Jersey’s Public Service Electric and Gas Company to set up bill payment kiosks.

Pindrop Security and AGNITiO partner to protect call centers as they adapt to an increasingly mobile customer base.

Bolstr explains the basics of crowdfunding on NBC Chicago.

Loop Wallet app now available on Android.

Maps Credit Union chooses ACI Worldwide’s online banking platform.

Javelin Strategy takes a look at bill pay alternatives to Manilla, including Finovera.

FinovateSpring 2014: Behind the Scenes with WePay, Rippleshot, and TextPower.

BodeTree brings in $2 million in Series A round.

SavedPlus, LikeFolio, Wallaby, FutureAdvisor, Simple and Wealthfront earn spots on CNN Money’s list of the 15 best financial websites 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 — May 5, 2014

By David Penn Posted on May 5, 2014
Categories: DeMyst Data, FinovateSpring 2014, FutureAdvisor, ID.me, Jumio, Kashoo, LearnVest, Mint.com, Xero

Check out our Twitter highlights of FinovateSpring 2014 – from the opening demo to Best of Show.
LearnVest, Mint, and FutureAdvisor featured in Wall Street Journal column on managing your own money.

Forbes highlights Demyst.Data, showing how Big Data can be used to determine loan suitability for the underbanked.

Xconomy profiles authentication specialist, Jumio. Video of Jumio’s FinovateSpring 2014 demo will be available soon at Finovate.com.

Kashoo and Xero are among the cloud accounting apps reviewed in a new ebook by the Sleeter Group.

American Banker features Ondot Systems’ use of debit on/off controls via mobile device.

Backbase launches Backbase Engage, an out-of-the-box digital banking solution for FIs.

CUneXus proceeds to Innotribe Startup Challenge 2014 Semifinals.

Tradeshift extends “App” ecosystem and offers co-investment to encourage development on its platform.

Wearable tech company GTX now using Stockr to communicate directly with the investors.

Motherboard looks at Zighra’s next-gen kinetic ID that will recognize users by how they swipe on their phone.

MoneyDesktop named 1 of 8 of Utah’s Most Innovative Products.

SafetyPay partners with UOL BoaCompra, a leader in monetizing online games for Latin America.

VentureBeat looks at a government program that awards grants to companies working on an “Identity Ecosystem,” bringing to mind FinovateSpring 2014 alum, ID.me.

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– April 18, 2014

By Julie Muhn (@julieschicktanz) Posted on April 18, 2014
Categories: Expensify, FutureAdvisor, Kabbage, Lending Club, MasterCard, MiiCard, Pindrop Security, Tuition.io

Tuition.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.

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Finovate Alumni News– January 17, 2013

By David Penn Posted on January 17, 2014
Categories: Acculynk, FutureAdvisor, Kapitall, Kofax, MiiCard, StrategyCorps, Tradeshift

Acculynk announces patent for PIN based, online authentication.

St. Louis Business Journal takes a look at miiCard’s chances at winning the FStech Award for “most disruptive financial services technology.”

Kapitall launches bonus program; $200 and 2,000 koins for new accounts.

The Financial Brand features Strategy Corps‘ BaZing.

Management Today interviews with Christian Laang, Tradeshift CEO.

CNBC highlights FutureAdvisor and how it can help you save on fees.

Kofax today announces availability of the Kofax Mobile Capture Platform.

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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