Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: TrueAccord Provides Kinder, Gentler Automated Debt Collection”
  • “HedgeCoVest Adds Two New Models to its Platform”
  • “CashSentinel Closes Seed Round of Undisclosed Amount”

Around the web

  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma now accept Visa Checkout.
  • Moven updates Android mobile app.
  • The Fintech blog features Q&A with LendUp CEO Sasha Orloff.
  • Bank Innovation profiles Hedgeable and its “one simple trick.”
  • Westpac Banking Corporation and New Zealand Banking Group are testing Ripple for payment transfers between subsidiaries.
  • Ixaris announces €4m Open Payments Ecosystem (OPE) project to support developers building payment apps.
  • TSYS to support Apple Pay when it launches in the U.K. in July.
  • Omnichannel account-opening solution from Zenmonics goes live at BBVA.
  • Austin Energy to adopt PaySecure platform from Acculynk.
  • Investopedia column on the “Top 5 Myths of Robo-Advisors” features Betterment, Wealthfront, and Vanguard.
  • BrightScope launches Fund Pages to provide detailed information about open-ended mutual funds.
  • Sam’s Club using Lending Club to offer financing to SMB customers.
  • FitSmallBusiness.com names OnDeck best provider of small business loans.
  • SunGard terminal selects Heckyl news and sentiment analysis.
  • Pindrop Security granted patent for phone antifraud and authentication technology.
  • Top Image Systems taps Bob Fresnel as new TIS Americas President.

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

On Finovate.com

  • Finovate Debuts: StreetShares Helps Small Businesses Raise Capital
  • FinovateSpring 2015 has sprouted! Check out our first Sneak Peek, featuring 7 presenting companies.

Around the web

  • Backbase adds Payveris’ suite of payment APIs to the Backbase Open Banking Marketplace.
  • Evans Bank to deploy core banking technology from FIS.
  • Xignite teams up with ChartIQ to launch new market-data widgets.
  • Heckyl Technologies featured in e27’s list of 10 ‘need-to-know startups’ in Singapore and India.
  • Backbase adds MX’s PFM and account aggregation to the Backbase Open Banking Marketplace.
  • Wharton Fintech blog: How Betterment is Redefining the Retail Investment Landscape.

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.

Alumni News—February 2, 2015

  • 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.jpgThe Telegraph features SigFig and Motif Investing in its list of the 10 best apps for new investors.
  • PostConnect to deploy customer communications management technology from GMC Software Technology.
  • Heckyl Technologies chooses Gurpreet Sidana for President-Sales.
  • Tom’s Guide column on identity theft quotes Adam Levin of IDTheft911.
  • American Banker reports: Green Dot to start offering credit lines to its customers.
  • TechVibes: “Trulioo Launches $100,000 Developer Fund to Support Financial Inclusion Efforts”
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.

Alumni News– December 23, 2014

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  • The Tech Bulletin profiles Heckyl Technologies.
  • Sonavation announces acquisition of assets of Arkami.
  • Chelsea State Bank launches Larky-powered mobile app.
  • EVRY announces a four-bank, $160 million payments partnership.
  • Kashoo unveils version 4.1 of its cloud accounting and bookkeeping app for iOS. 
  • Walmart to distribute GreenDot prepaid products in 2015.
  • BMO Financial Group’s deployment of Xignite Enterprise wins American Financial Technology Award.
  • IT Qlick takes a look at Jwaala Personal Financial Manager and roomMaster.
  • CashStar teams up with Spafinder Wellness.
  • NY Times DealBook looks at disruptive startups in fintech including Lending Club, On Deck, and TradeKing.
  • Forbes.com column on how companies stand out from the crowd features Silanis Technology.
  • Jemstep to power Redhawk Online Advisor.
  • Continuity Control taps Peter Rawlinson as Chief Marketing Officer.
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.

Alumni News– November 26, 2014

  • 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.jpgSpend Matters features P2Binvestor and its crowdfunding approach to providing credit to small businesses.
  • POTs and PANs looks at biometric authentication innovators, EyeVerify, BehavioSec, and BioCatch.
  • Best Advice explores EZBOB’s strategy to attract SMEs to online lending.
  • Bank of Internet USA to deploy IntelliResponse virtual agent technology.
  • First Annapolis’ The Navigator Newsletter interviews Sebastian Siemiakowski, CEO of Klarna.
  • Fastacash, Heckyl Technologies, Kabbage, Linkable Networks, and Nomis Solutions named to Red Herring Top 100 Global.
  • Investor Intel mentions Patch of Land and Realty Mogul in column on helping baby boomers participate in real estate crowd funding.
  • Azimo to join London mayor Boris Johnson’s trade mission to Malaysia and Singapore.
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.

Alumni News– August 29, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHeckyl to provide real-time news and data analytics courtesy of new partnership with Marketware International.
  • Diebold brings deposit automation and cash recycling services to consumers and FIs in Brazil. See Diebold at FinovateFall in September.
  • Dwolla makes MassPay official, offers a simpler experience with increased stability, improved reporting, and increased transactions per batch.
  • PYMNTS talks with SumUp CEO Daniel Klein, to understand how it views innovation in the mPOS space.
  • PayPal launches tool, PayPal Demo, to help developers show merchants the difference between different PayPal payment options.
  • CNBC’s National Business Report interviews Scott Goldman, CEO of TextPower.
  • American Banker profiles FinovateSpring 2014 Best of Show winner, Stockpile.
  • CNET takes a look at Lending Club in the wake of the company’s IPO filing.
    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– May 21, 2014

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    • 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.

    Finovate Alumni News– March 17, 2014

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgrplan announces new “simple, transparent” charging structure.
    • Crypt.la lists its top 10 most interesting Ripple protocol services.
    • Tech Cocktail Austin interviews Dwolla COO, Charise Flynn.
    • SmartAsset launches Retirement Planning Tool, Announces 40% Month-Over-Month Growth.
    • The Tally focuses on India-based Heckyl Technologies.
    • Zopa embraces ThoughtWorks technology to improve data analysis capability.
    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 Raise $825 Million in 2013, Up 79%

    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.

    Finovate Alumni News– December 12, 2013

    • Thumbnail image for Finovate-F-Logo.jpgMasterCard collaborates with Samsung, Commonwealth Bank of Australia to enable contactless payments via NFC.
    • Heckyl Technologies announces more than $3.5 million raised in Series B funding.
    • NetBanker: Mobile payments specialist Loop raises $10 million in Series A round.
    • Striata announced as a finalist in the Best Use of Technology category at 2013 Debt Collection Awards.
    • miiCard to help power ID verification for myrentalcv’s tenant screening platform.
    • Updated Advisor Pages platform from BrightScope drops charge for online profile maintenance.
    • Mitek and Kony collaborate to Deliver Mobile Photo Bill Pay With Mitek MiSnap Automatic Image Capture.
    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.