Finextra Looks at Mint, HelloWallet, and Lodo to Consider Benefits of Implementing a PFM

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Yesterday, Finextra published an article highlighting the benefits of implementing a PFM. It publishes some interesting stats on key PFM platforms:

    • 90% of Mint’s almost 8 million users say the PFM haschangedtheirfinancial habits
    • Users are willing to pay $9 for HelloWallet*HelloWallet.jpgLodoSoftwareLogo.jpg
    • Lodo boasts member retention rates of98% among PFM users
    • According to Lodo, PFM users have more bank accounts than non-users

To learn more about Mint, HelloWallet, and Lodo, watch Mint’s FinovateSpring 2011 demo, HelloWallet’s FinovateSpring 2011 demo, and Lodo’s FinovateEurope 2011 demo

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*Does not include employees who are given the PFM services as an employee benefit from their company.

Finovate Alumni News– March 21, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCashStar brings eGifting platform to the UK.
  • Service2Media signs AppCenter Partner agreement with HintTech.
  • Clairmail appoints former Apple executive, Mitch Stein as new Director of Innovation and Design.
  • Lazy Man and Money blog covers SigFig, calling it the best way to track your investments.
  • Wonga launches Easter Egg hunt on Facebook.
  • eToro’s OpenBook wins 2011 Superior Trading and Resource (STAR) Award.
  • WSJ’s MarketWatch suggests using HelloWallet to help employees build wealth.
  • Relevantly Speaking highlights Offermatic in a podcast.
  • NY Times Bucks blog describes the experience of using Citi’s rewards card powered by Dynamics.
  • Finextra looks at Mint, HelloWallet, and Lodo to consider benefits of implementing a PFM.
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 13, 2012

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  • BrightScope adds Josh Brown, financial advisor & author to advisory board.
  • AppStorm shares how Enloop can help you move your business into the VC world.
  • GigaOM rumors that PayPal will launch a mobile payment dongle to compete with Square and Intuit.
  • The Urban Twist lists HelloWallet as one of seven scorching hot tech startups in D.C.
  • INTTRA, independent transactional network for ocean freight, and Tradeshift partner to help manage ocean freight invoices.
  • Entrepreneur lists Kashoo & Xero as 2 of 4 online apps that can be handy for tax time.
  • Backbase announces most successful year to date, doubling software revenue & adding multiple tier-1 customers.
  • eToro closes $15 mil funding round led by spark capital.
  • CashStar upgrades web gifting interface.
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 6, 2012

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  • HelloWallet signs with Mercer to provide PFM tool to employees.
  • The Glass Hammer profiles Lynne Laube, President & COO of Cardlytics.
  • Desert News highlights ReadyForZero’s creativity in helping consumers understand credit card debt.
  • Money Marketing looks at practical ideas from FinovateEurope, uses Meniga as example.
  • Heartland Bank selects ID Theft 911 to provide ID theft protection management, and resolution services to customers.
  • Business Centric Services Group and partners launch new training workshop to empower businesses to market online.
  • Tradeshift introduces CloudScan to simplify invoicing.
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 1, 2012

  • Kony and VASCO form alliance to offer a higher level of security for mobile applications.
  • Daily Disruption features Matt Fellowes, HelloWallet CEO, as the disruptor of the day.
  • Credit Union Times reports Fiserv melds P2P services ZashPay & Popmoney.
  • Finextra talks with Cartera Commerce, Cardlytics, Segmint, and Truaxis (formerly BillShrink) about how banks can use reward programs.
  • Finsphere awarded U.S. patent recognizing innovation in mobile identity authentication.
  • T8 Webware wins interactive media award at the 2012 ADDY Awards.
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– February 17, 2012

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  • Prosper celebrates its 6th birthday by offering to pay your second loan payment today (Friday, Feb. 17) only.
  • HelloWallet appoints Aaron Benway as new CFO.
  • American Banker reports PayPal is partnering with banks to attract new customers.
  • American Banker reports Intuit adds iPad banking app.
  • CNN Money looks at how SecondMarket will survive now that Facebook has gone public.
  • StockTwits launches feature to help users discuss stocks.
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– February 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInspirePay embeds Dwolla’s payment network.
  • Fast Co Design applauds ReadyForZero’s product and UI.
  • Phil D’Angio appointed as Senior VP of Global Sales for ValidSoft.
  • MAPFRE Puerto Rico selects Identity Theft 911 to provide ID theft protection & resolution services to policyholders.
  • Vision Research Lab highlights Holvi’s demo from FinovateEurope.
  • DepositAccounts.com looks at reward checking accounts from Kasasa.
  • Kabbage’s partnership with UPS provides more funding by using shipping data in underwriting.
  • BillFloat is loaning more than $1 million per month.
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– January 31, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgStockTwits now powered by Revere Data.
  • PC World includes HelloWallet in its list of software that does it all.
  • Investment News looks at SigFig’s free service.
  • American Banker examines Dwolla’s role in digital disintermediation in the banking industry.
  • Technorati explains how Kabbage can help small businesses. Come to FinovateEurope to see its live demo.
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– January 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHelloWallet receives $12 million in funding.
  • MercuryNews reviews Jemstep’s online investment advisor.
  • CBS Money Watch hosts Jeff Mullen, CEO of Dynamics, to discuss the increased security of Card 2.0.
  • Know Your Mobile focuses on eToro’s mobile trading app for Android. Come see eToro at FinovateEurope Feb 7.
  • Finextra reports Bank of Georgia implements ProfitStars social media compliance tool.
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.

HelloWallet Receives $12 Million in Funding

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Washington, D.C.-based HelloWallet, a subscription PFM service, recently announced it received $12 million in Series B funding from Morningstar and TD Fund.

The Washington Business Journal reports:

“The largest chunk of the new capital came from Chicago-based Morningstar Inc., which invested $6.75 million. District-based TD Fund put in $4 million, with some other existing and new investors filling out the Series B round.”

The startup plans to use the capital to expand its customer base and help its clients build savings.

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

Finovate Alumni News– January 20, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider looks at how BillGuard and Simple use Big Data.
  • Dough Roller recommends using HelloWallet to keep track of your cash.
  • P2P-Banking looks at Zopa’s online marketing spending.
  • NACS Online explores the Dynamics smarter credit card.
  • American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
  • PayPal’s payments technology to reach all Home Depot locations by March.
  • SecondMarket exceeds $1 billion in deals.
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– January 19, 2012

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  • WorkLight launches special program for enterprise mobile and ISV developers.
  • TRUSTe certifies miiCard’s website to display the TRUSTe Web Privacy Seal.
  • Clifford Change law firm deploys Check Point software for a network security solution.
  • Bill.com helps banks offer business customers a more powerful payment, invoicing, and cash management platform.
  • SC Magazine considers ValidSoft’s view of voice biometrics. Come see ValidSoft at FinovateEurope Feb. 7.
  • Huffington Post recommends Mint.com, HelloWallet, Credit Karma, TradeKing, ReadyForZero, & Betterment for college students.
  • Q2ebanking selects Matt Flake as new CEO.
  • Doxo looks back at 2011 achievements.
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.