Intuit Buys Tax Planning/Preparation Specialist GoodApril

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Founded in January. Launched in March (see their FinovateSpring 2013 demo). Acquired in August.

That pretty much sums up a very productive 2013 for online tax preparation/planning software company, GoodApril.

The company announced on Thursday that it had been acquired by financial services giant, Intuit, for an undisclosed amount. GoodApril had been scheduled to make their pitch at Techstars Boulder/Denver Demo Day when the news broke. Undaunted, the innovative startup made its presentation anyway, a presentation that must have seemed as much acceptance speech as elevator pitch.

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GoodApril’s Tax CheckUp solution allows users to anticipate and prepare for potential tax liability in the tax year to come. Headquartered in San Francisco, and having only three employees, the company bills itself as the tax software for “the other 364 days of the year.” Tax Checkup analyzes previous tax returns and makes recommendations over the course of the year to ensure that taxpayers pay only what is owed on Tax Day.
Intuit has already one popular product in the tax preparation software market, TurboTax. However, like most tax preparation software packages, TurboTax is designed to help taxpayers prepare tax returns for previous years. Good April’s forward-looking approach gives taxpayers a chance to make potentially money-saving changes before it’s time to file.

Finovate Alumni News– August 2, 2013

  • Finovate-F-Logo.jpgNetbanker looks at LendUp and BillGuard as 2 innovators creating services to protect the elderly from spam.
  • Kofax acquires data integration software provider Kapow Technologies.
  • Startup Owl features Lighter Capital and On Deck. Check out Lighter Capital at FinovateFall in NYC.
  • Bill.com’s two-factor authentication brings security to SMBs.
  • Thoma Bravo completes billion-dollar acquisition of Intuit Financial Services, re-launched as Digital Insight.
  • Net Element International integrates its Aptito POS payments platform with TSYS.
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 — July 8, 2013

  • FinovateLOGO.jpgTSYS announces multi-year agreement to bring debit card services to KBC Bank in Ireland.
  • Inman News’s Real Estate Connect column includes Realty Mogul in its list of companies likely to benefit from passage of the JOBS Act.
  • Swipely’s Amanda MacArthur talks strategies for serving millennials.
  • Bank Innovation’s Hornblass takes a close look at Intuit’s decision to sell its IFS unit to Thoma Bravo.
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.

Intuit Sells Financial Services Arm for $1 Billion

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Intuit, creator of TurboTax and Quickbooks, announced today that it will sell Intuit Financial Services (IFS) to Thoma Bravo, a private equity investing firm.

Thoma Bravo will purchase IFS for $1 billion in cash. The deal includes Intuit’s banking, digital payments and mobile banking platforms. It excludes some assets, including OFX connectivity and Mint.com, which now boasts 5 million users.

Intuit purchased IFS in 2007 (it was then known as Digital Insight) for $1.35 billion. Some analysts have pointed to slow revenue growth as a reason for the sale. According to Reuters:

“IFS, which provides banking software to financial institutions, reported a revenue growth of 9 percent for the quarter ended April. In contrast, revenue at Intuit’s small business unit rose 17 percent and that at its consumer tax division increased 14 percent.”

Intuit demoed at Finovate 2009. Mint.com debuted at the very first Finovate in 2007 before it was aquired by Intuit. It last demoed at FinovateSpring 2013 in San Francisco.

Finovate Alumni News– June 24, 2013

  • Finovate-F-Logo.jpgCapital Access Network named one of the top financial services companies of the year at the 11th Annual American Business Awards.
  • American Banker looks to Zigrhra, GoodApril, Realty Mogul, Entrepreneurial Finance Lab for innovation.
  • Lead411 names Cartera Commerce to Hottest Companies in Boston list.
  • TIBCO and Western Union partner to leverage Big Data to anticipate consumer trends and customize customer engagement.
  • Banking2020.com interviews Andera and Intuit on the branch of the future.
  • Tagit to expand in the Philippines by offering mobile-banking application software to banks.
  • Manilla adds email integration feature to personal finance platform.
  • Acculynk announces RuPay debit cardholders in India can make online purchases using the card.
  • Keynote DeviceAnywhere to be acquired by private equity investment firm, Thoma Bravo in a $395 million, all-cash, deal.
  • Adotas column on mobile commerce for SMBs takes a look at Zooz.
  • NordFX and Currensee launch partnership as former joins Trade Leaders Investment Program.
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– June 20, 2013

  • Finovate-F-Logo.jpgTitan Bank and Congressional Bank now buying loans through the Lending Club platform.
  • Nexonia integrates its expense reports solution with Bill.com.
  • Mexican Airline Volaris adds SafetyPay to payment method options.
  • Prosper reduces maximum loan percentage to 50% for investors in any one loan.
  • Geezeo signs Corporate America Family Credit Union.
  • Andera’s oFlows platform will be the new account opening technology for Intuit’s financial institution clients.
  • Check (formerly Pageonce) announces expedited payments.
  • Consumer Reports takes a look at the growth of Better ATM Services.
  • Wallaby releases version 2.0 for iPhone with new interface, Foursquare integration.
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– June 18, 2013

  • Finovate-F-Logo.jpgID Analytics and IdentityMind partner to reduce online fraud and stop merchant account creation fraud.
  • SimpleTuition adds 10 U.S. colleges as partners.
  • United Texas Bank selects Q2ebanking platform to accelerate unified virtual banking for anytime anywhere access.
  • SecureKey and Intel beef up authentication for MasterPass.
  • ShopKeep POS grows To 6.5K+ merchants.
  • Fairwinds Credit Union chooses Intuit for digital banking.
  • Realty Mogul and Entrepreneurial Finance Lab selected as 2 of 5 SWIFT Innotribe finalists of Startup Challenge New York.
  • Bank Innovation features how Entrepreneurial Finance Lab and VoiceTrust can combine psychographics and biometrics to revolutionize financial services.
  • ForexSmash reviews Currensee Social Trader.
  • Kansas City Business Journal profiles EyeVerify founder and CEO Toby Rush.
  • GigaOM Pro Blog takes a look at TransferWise through the lens of traditional Hawala informal money transfer networks.
  • My Money Blog reviews Realty Mogul and the concept of fractional investment property ownership.
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.

FinovateSpring 2013 in the Press

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Last week’s FinovateSpring 2013 received great coverage through blogs, tweets and articles. Here are the highlights:

Full conference live blogs

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Three contributors risked carpel tunnel to cover all 72 demos. Thanks to Erin McCune and William Mills III and Phillip Ryan for going the extra mile!

Bank Innovation
by Phillip Ryan
FinovateSpring recap and ratings
Day one morning recap
Day one afternoon recap
Day two morning recap
Day two afternoon recap

PaymentsViews
Live Blogging Finovate Spring 2013 San Francisco
by Erin McCune 
William Mills blog
Live Blog: FinovateSpring 2013 San Francisco by William Mills III-DAY ONE
by William Mills III
Other coverage
———————————————————————————————————–
Affluent Strategies
What About the Overbanked?
by JP Nicols

American Banker
5 Most Intriguing Companies at Finovate
by Sean Sposito
Bank Security Top Focus at Finovate
Banno Launches Data-Analytics Marketing Feature
by Sean Sposito
Crowdfunding Startups Pose New Competition to Commercial Lenders
by Sean Sposito
EyeVerify Rolls Out Authentication Service for Mobile Banking
by Brian Browdie

GoBank to Go Live on the Fourth of July
by Sean Sposito
The Buzz at Finovate: New Security Tech
by Sean Sposito
Bank Marketing Strategy
Musings of a Finovate Virgin
by Jim Marous
Bank Systems & Technology
Digital Marketing Solutions Stand Front and Center at Finovate Spring
by Jonathan Camhi
Banking 2020
FI Spotlight: USAlliance FCU Sees Cross-Selling Success
Barron’s
Algorithms for the Masses
by Theresa W. Carey 
Bloomberg Businessweek
Kabbage Expands Its Cash Advances to Brick-and-Mortars
by Patrick Clark

Celent
How to give a killer Finovate presentation
by Dan Latimore

Credit Union Magazine
Finovate Unveils Best of Show Winners

Finovate Highlights Industry’s Best and Brightest
by Steve Rodgers
Look into the Future of Finance
by Steve Rodgers
Scenes from FinovateSpring 2013
by Steve Rodgers

Credit Union Times
5 Things You Don’t Know Because You Weren’t at Finovate
by Robert McGarvey
Onsite Coverage: Finovate Crowns the Winners
by Robert McGarvey
Onsite Coverage: New Security Tools Take Finovate Stage in Numbers
by Robert McGarvey
Onsite Coverage: No Clear Winners at Finovate Day 2
by Robert McGarvey
Threat of the Week: DDoS Back at You
by Robert McGarvey
Tomorrow’s Ideas Spark Interest But Fail to Excite
by Robert McGarvey
Des Moines Register
Banno launches marketing product for banks
by Marco Santana
Ecommerce Bytes
ZooZ Lets Mobile Shoppers Tap an Ad to Buy
By Ina Steiner 
FamZoo blog
My Finovate Scorecard Winners Plus Snarky Tweet Highlights
by Bill Dwight
Spend Money Like a Pop Star…Or Not: FamZoo’s FinovateSpring 2013 Demo
by Bill Dwight
Filene blog
Filene Five: Promising Products from Finovate
The Financial Brand
7 Reasons to Love GoBank
by Jim Marous
Finews.ch
Neues aus der Finanzwelt der Zukunft
Finextra
Banno unveils marketing tool Kernel
Forrester blog
FinovateSpring Fling 2013: Another Year of Dazzling Financial Services Delight!
by Tiffani Montez
Hotwire blog
Innovations inspire at Finovate Spring 2013
by Annette Leach
IntelliResponse blog
IntelliResponse Takes Center Stage at Finovate Spring 2013
by Dwayne Weppler 
Investment News
Quantopian launches trading platform pilot program
by Davis D. Janowski
Kabbage blog
Kabbage and Intuit Partner to Fund Small Businesses!
Lisa LaMagna’s Slideshare
Finovate SF in 60 Seconds
by Lisa LaMagna
MainStreet
Kabbage Expands Small-Business Financing
by Laurie Kulikowski
Man in Ranks blog
I attended Finovate Spring in San Francisco
by Christopher Perrien
Intuit
by Christopher Perrien
Newfination
Finovate Spring 2013: Expensify Is At The Forefront Of Innovation In Business Expense Management
Finovate Spring 2013: On Finovera You Can Store Your Bills, Statements, And Financial Documents
Finovate Spring 2013: GoBank Is A New Finance Bank That Enables Smart Personal Money Management
Finovate Spring 2013: GoodApril Helps You With Your Taxes All Year Round
Finovate Spring 2013: In San Francisco At The Center Of The New Finance World
Finovate Spring 2013: Kabbage Approves And Lends Money To Small Businesses in 7 Minutes or Less
Finovate Spring 2013: Leaf.me Is A Multiprocessor Payment Platform For Merchants
Finovate Spring 2013: Prestadero Is A Mexican Peer To Peer Lending Marketplace
Finovate Spring 2013: Realty Mogul Is A Crowdfunding Platform For Real Estate Investing
Finovate Spring 2013: Refundo’s App Is For The Under and Unbanked
Finovate Spring 2013: Start A Trust Fund For Each Of Your Kids At TrustEgg
Finovate Spring 2013: Virtual Piggy Is A Safe Payments System For Your Kids to Spend their Allowance
Finovate Spring 2013: Walla.by Is A Full Service Credit Card Advisor
Newsday
Banking Up Launches at FinovateSpring, Lets Any Business Offer Customers a Trusted Alternative to Traditional Banking
PandoDaily
Finovate: Quantopian debuts live data trading for consumer quants
by Michael Carney
Pymnts.com
A VC’s Inside Look At FinovateSpring 2013
by Dan Rosen
GoBank Announces Timing of General Availability and National Distribution Relationships at FinovateSpring
Kabbage Extends Loan Services To Offline SMBs
TipRanks Wins Best of Show Award at Finovate
TransCard Congratulates FamZoo, Winner of One of Five 2013 FinovateSpring Best of Show Awards
The Paypers
InvoiceASAP, Zebra Technologies
partner for mobile invoicing solution
Refundo blog
FinovateSpring 2013 Trip – Demo Day
by Michael de Senna
SF Gate
ZooZ Previews “In-Ad Payments”™ at Finovate Spring
Silicon Prairie
Onstage at Finovate, Banno unveils ad platform for banks
by Danny Schreiber
Watch EyeVerify, Banno demo their wares at bank tech event Finovate
by Fred Bauters
TechCrunch
Mobile Payments Startup ZooZ Debuts In-Ad Payments (Yes, “Ad” Not “App”)
by Sarah Perez
VentureBeat
Expensify takes on Freshbooks with invoicing & billing features
by Sean Ludwig
Kabbage expands its loans business, now supports Quickbooks
by Christina Farr
Y Combinator Blog
LendUp (YC W12) wins Finovate 2013 Best in Show for consumer loan platform to help the underbanked build credit
We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to [email protected].

Intuit Unveils Mint MyBusiness Solution, Merging Traditional Banking with Financial Management

Thumbnail image for IntuitLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Intuit is up next presenting a new feature for Mint.com called Mint MyBusiness.
“As the economy continues to recover, consumers and the nation’s more than 21 million personal businesses are looking for tools that will make it easy for them to manage their complete financial picture, including getting ready for tax time. Intuit will demo a new Mint.com feature called Mint MyBusiness, designed specifically to help consumers who are also small business owners to manage their finances – personal and business – all in one place. Additionally, the company will demo the integration of Mint within the digital banking experience of financial institutions, blurring the lines of traditional banking tasks and financial management.”
Product Launched: 2013
HQ Location: Mountain View, California
Company Founded: 1983
Metrics: More than $4 billion in annual revenue; 8,000 employees
Twitter: @Intuit_FS
Presenting Gregory Wright (VP Product for Financial Management, Intuit Financial Services)

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Finovate Alumni News– April 30, 2013

  • Finovate-F-Logo.jpgCortera now offering free Cortera Business Directory accounts.
  • Lendio announces record year-over-year revenue growth of 97% for the first quarter of 2013.
  • Zopa launches Safeguard offer that protects lenders from faulty borrowers through a fund held by a non-profit.
  • PayMyStudentLoans.com reviews ReadyForZero can help students save money in college.
  • PA Consulting Group will deliver identity verification solutions using miiCard.
  • MoneyDesktop launches new version of PFM & updates MoneyMobile app.
  • South Bangla Agriculture & Commerce Bank is the fifth Bangladeshi bank to deploy Temenos T24 banking software.
  • Leaf announces Leaf Membership Network. Join Leaf in San Francisco for FinovateSpring in May.
  • Financial Advisor introduces Finect. Come see Finect demo their technology at FinovateSpring.
  • appPicker reviews Kashoo Accounting for iPad.
  • Small Business Association of Michigan selects Billhighway Give as its mobile fundraising solution.
  • Intuit releases Android tablet banking app. Come to FinovateSpring to watch Intuit unveil its new technology.
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.

FinovateSpring 2013 Sneak Peek: Part 3

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This is the third part in our continuing Sneak Peek series that gives a glimpse into what each company will demo live on stage at FinovateSpring.

Don’t miss part 1 and part 2 published earlier this month. 

See the full demos live at FinovateSpring next month. Get your ticket here

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Better ATM Services’ groundbreaking technology enables ATMs to dispense new, flexible prepaid cards just like cash, opening the world’s fleet of 2.3 million ATMs to the prepaidBetterATMLogo.jpg marketplace.

Features:

    • Visa and others are adopting this new distribution channel
    • Consumers love the 24/7 convenience of ATMs for prepaids
Why it’s great: Financial institutions can recapture 50%+ of customers now going elsewhere for prepaids, increasing their share of the $549 billion prepaid market.

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Bright Funds is a solution for effective charitable giving management, combining the sophistication of investing with the intuitive, engaging experience of modern web services.
Features:
    • The Bright Funds Charitable Giving Portfolio
    • The Bright Funds Impact Timeline
    • Bright Funds Public Profiles for Giving
Why it’s great: Bright Funds brings an investment approach to charitable giving.

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FamZoo’s online family banking system helps parents teach kids good money habits.
Features:
    • Family pack of affordable, widely accepted prepaid cards
    • Integrated family finance tools build good habits
    • Co-branded option delivers targeted offers
Why it’s great: FamZoo solves the “kids and money” problem for parents: prepaid cards that work together, not alone.

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Intuit delivers banking software and technology solutions for financial institutions.
Features:
    • Gives banks better insight to serve customers
    • Blurs lines between PFM/banking 
    • Learn what Mint has in store for personal business
Why it’s great: Intuit now offers the best PFM solution for all users – whether it is through Mint.com or financial institutions.

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LeapScore is financial advice for the rest of us.
Features:
    • Tailored help and advice for each individual
    • Empowers people to take more control over finances
    • Sets meaningful goals
Why it’s great: a comprehensive score that, for the first time, represents “who” you are financially.

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MicroStrategy provides online banking without usernames or passwords, instant identity validation over the phone: Usher radically changes the way IDs, cards, and keys are issued and carried.
Features:
    • Mobile phone-based digital credentials
    • Multi-factor verification including voiceprints
    • Secure out-of-band authentication
Why it’s great: Usher: an extraordinary array of identity-management services that reduce fraud, protect identities and improve customer experience.
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MoneyDesktop redefines the way millions of people interact with their finances by developing technologies that drive financial engagement between account holders and financial institutions.
Features:
    • Leverage aggregated PFM user data 
    • Segment and target your user base
    • Increase conversion rates and loan volume
Why it’s great: Insight and Target provide financial institutions with a groundbreaking new way to market and drive adoption of their most valuable services.
OneID eliminates the need for usernames and 

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passwords, while delivering a secure, compliant identity system that’s easy for your customers to use.

Features:
    • Secure, one-click login with no password
    • Customizable two-factor authentication
    • Easy cross-selling with automatic form-fill
Why it’s great: Convenience of one-click login. Security of public key cryptography. Flexibility to meet financial institutions’
needs. Identity as it should be.

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Quantopian is the world’s only browser-based algorithmic trading platform, democratizing finance by reducing barriers to entry and providing quants the tools and support needed to profit from their ideas
Feature:
    • Combines historical data, algo simulation, live market data, brokerage integration and algo development into a simple workflow
Why it’s great: Allows quants to put their ideas and algorithms to work and profit from them with the click of a button

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Refundo is designed to revolutionize the way people do banking and extend mainstream banking advantages to underbanked and unbanked communities across the nation.
Features:
    • Open an FDIC-insured bank account in seconds using your smartphone. 
    • Send money to your friends and family quickly and securely.
Why it’s great: Finally a new way to manage your money. And by new, we mean better.


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Yandex.Money’s Twym is a quick and convenient way to send money via Twitter.
Features:
    • Easy-to-use interface for collecting money
    • You don’t have to leave Twitter
    • Other users can repeat payments in one click
Why it’s great: Twym makes transferring money simple and fun.

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Yseop’s artificial intelligence software writes just like a human being, but at a speed of over a thousand pages per second and in multiple languages.
Feature:
    • Yseop boosts the productivity of your business teams by automating the delivery of best practices and personalized expertise.
Why it’s great: Yseop creates a new age where financial services delivered to customers are driven by artificial intelligence and human collaboration.
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For more information on being a part of FinovateSpring 2013, see our FAQ. To register, visit out FinovateSpring page here.

Finovate Alumni News– April 9, 2013

  • Finovate-F-Logo.jpgAG Beat features Entrepreneurial Finance Lab.
  • BSCG, Mitek, and Yodlee selected as Monarch B2B Innovation Award Winners.
  • Lodo Software appoints Matthew Lawlor, former founder & CEO of Online Resources, to board of directors.
  • South African Logistics Company implements Kofax Software to Automate HR. Watch Kofax demo live at FinovateSpring.
  • Business Credit Radio features Sue Heilbronner, PaySimple’s Chief Growth Officer.
  • American Banker highlights Plastyc’s unique approach to serving prepaid card users. Watch Plastyc’s demo at FinovateSpring.
  • Mati Greenspan, senior investment consultant at eToro, explains how eToro will soon support Bitcoin.
  • American Banker looks at Braintree’s multi-merchant approach. Come see Braintree demo at FinovateSpring.
  • Live Science considers how Narrative Science
    automates journalism and report generation. See Narrative Science’s live demo at FinovateSpring.
  • Quantopian announces algorithm development competition.  The company will demo at FinovaeSpring in May.
  • Bank Innovation reports: Intuit will continue to support FinanceWorks.
  • Reuters takes a look at TipRanks. See them demo at FinovateSpring.
  • eDeposit announces major new features in upgrade of mobile app.
  • TradeHero a winner at Echelon Singapore Satellite pitch competition.
  • INTJ Capital gives kudos to Quantopian’s decision to provide for external data sets. Join Quantopian in San Francisco for FinovateSpring in May.
  • American Banker interviews Green Dot CEO and founder Steven Streit. See Green Dot demo at FinovateSpring.
  • Realty Mogul is among the companies highlighted in Upstart Business Journal column on crowd funding. See them demo at FinovateSpring.

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.