Jemstep

Finovate Alumni News– March 1, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BBVA, Birdback, CashStar, Expensify, Figlo, Jemstep, Klarna, Lending Club, Metaforic, Pageonce, Simple, TIO Networks
  • Finovate-F-Logo.jpgMetaforic’s self-defending software immune system named the Gold winner by Info Security Products Guide’s 2013 Global Excellence Awards.
  • Worldwide Insure names Expensify the February Travel App of the Month.
  • TIO Networks expands Services with First Data’s Money Network Prepaid Services.
  • Bloomberg Television interviews Klarna CEO Sebastian Siemiatkowski.
  • CashStar co-founder, CEO David Stone to lead panel on mobile shopping and gifting at Prepaid Expo.
  • AEGON Turkey insurance sales processes go mobile with Figlo tablet solution.
  • Lending Club appoints former Visa President as Director.
  • Apps from BBVA Compass, Pageonce, and Simple highlighted in American Banker’s list of the top ten, most progressive mobile banking apps.
  • My Money Blog reviews Jemstep Portfolio Manager.
  • Co-founder and CEO of Birdback, Nicolai Watzenig named guest speaker at eDeal Summit.
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 30, 2013

By David Penn Posted on
Categories: Acculynk, ACI Worldwide, Comarch, Experian, Figlo, Jemstep, Movenbank, Simple, Tuition.io

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  • Jemstep launches new Portfolio Manager service.
  • Aite Group names ACI Worldwide “Vendor to Watch” in 2013.
  • Acculynk‘s PayLeap now features API developer integration tools.
  • Figlo is 1 of 16 companies to join a global alliance with Microsoft.
  • American Banker reports Simple Enacts New Security Features.
  • All Things D lists Tuition.io as 1 of 2 companies to help college grads with empty pockets.
  • Netbanker reports: Movenbank Provides a Peek at its User Interface. Come check it out at FinovateEurope, less than 2 weeks away.
  • Experian extends Precise ID fraud prevention to online Social Security related services.
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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2012 Funding for Finovate Alumni– More than $450 Million Raised

By David Penn Posted on
Categories: ActivePath, Affinity Solutions, Arroweye Solutions, Banno, Bazaarvoice, Betterment, Boku, Braintree, Capital Access Network, Cartera Commerce, CashStar, Continuity Control, Controlabill, Credit Sesame, Currensee, DemystData, DoughMain, Dwolla, edo Interactive, eToro, Finsphere, FreeMonee, FutureAdvisor, Fuze Network, HelloWallet, Jemstep, Jingit, Kabbage, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SaveUp, SecureKey, ShopKeep POS, SoMoLend, The Currency Cloud, ThreatMetrix, Waspit, Xero, Yodlee, Zopa

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.

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Finovate Alumni News– November 13, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Holvi, Jemstep, Kony Solutions, MiiCard, PayPal, PaySimple, peerTransfer, SecureKey
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World’s top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada’s Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
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 24, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, DCisions, FutureAdvisor, Geezeo, Jemstep, Klarna, Kony Solutions, Mint.com, Mitek, Personal Capital, SigFig, Stocktwits, WattzOn
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology News reports WattzOn Helps Banks Help Customers Save on Energy Bills.
  • Fast Company reports Personal Capital’s beautiful app convinces the wealthy to trust their money to strangers.
  • TechCrunch reports that Mint.com updated its app to allow users to split transactions.
  • Crain’sNewYorkBusiness.com describes how BillGuard fits into the Big Data scene.
  • How DCisions, Personal Capital, SigFig, FutureAdvisor, and Jemstep Are Shaking Up Wealth Management.
  • Klarna adds Nigel Morris, co-founder of Capital One, and Anton Levy, MD of General Atlantic, to its board of directors.
  • Westmoreland Community FCU chooses Geezeo for PFM.
  • StockTwits debuts new social signals features.
  • Kony Solutions announces $15 million series C financing.
  • Mitek enables $10 billion worth of mobile deposits.
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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How DCisions, Personal Capital, SigFig, FutureAdvisor, and Jemstep Are Shaking Up Wealth Management

By Julie Muhn (@julieschicktanz) Posted on
Categories: DCisions, FutureAdvisor, Jemstep, Personal Capital, SigFig

The wealth management industry has seen increased press coverage lately. Take, for example, The Economist’s recent piece discussing how increased competition from startups has tempted clients into moving assets to lower-cost alternatives.

The article mentions DCisions, a startup tackling the big data around client portfolios. It also highlights Personal Capital, which launched at FinovateFall. The Economist states that the startup’s online platform:

DCisionsLogo.jpgThumbnail image for Thumbnail image for Thumbnail image for PersonalCapitalLogo.jpg

“… tries to straddle the world between cheap online wealth management and the old world of private banking”

Aside from the cost, one of the largest benefits of moving your 
millions into a startup like Personal Capital is that the investment advice is unbiased. This is a topic that Business Insider covered last week, voicing concerns that clients’ brokers are “royally screwing them over.”

The article states:

WealthMgmt.jpg

“With no other fees to compare your own to, you could wind up paying for far more than you should – especially if your broker’s working on commission.”

To ease this concern, the article recommends using
DIY tools such as SigFig, FutureAdvisor, or Jemstep. These tools help you see how your funds are performing and how much you’re paying in fees.

To learn more about these companies, watch DCisions’ FinovateEurope 2012 demo, Personal Capital’s FinovateFall 2011 demo, SigFig’s FinovateFall 2011 demo, FutureAdvisor’s FinovateSpring 2012 demo (coming soon), or Jemstep’s FinovateSpring 2010 demo. 

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Finovate Alumni News– May 18, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: FutureAdvisor, Jemstep, Personal Capital, planwise, SigFig, WattzOn

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  • Business Insider examines how SigFig, JemStep, and FutureAdvisor can help manage your investments.
  • Work Goes Strong recommends using Planwise to help get out of debt.
  • Huffington Post interviews Bill Harris, Personal Capital CEO.
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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First Quarter 2012 Funding for Finovate Alumni, $150 Million Raised

By Julie Muhn (@julieschicktanz) Posted on
Categories: Boku, Capital Access Network, Currensee, Dwolla, eToro, Finsphere, HelloWallet, Jemstep, Kabbage, ThreatMetrix, Xero

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

Since we are nearing the end of the first quarter, we wanted to look back at all of the Finovate alums who have raised funding over the past few months.

Here’s the month-by-month breakdown:

January — $25 million raised by 3 companies

February — $57 million raised by 5 companies
March — $68 million raised by 3 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.

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Finovate Alumni News– March 22, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, Dwolla, FreeMonee, InComm, Jemstep, Kabbage, peerTransfer, ReadyForZero, Tradeshift
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgpeerTransfer partners with Boston College.
  • L’ atelier reports FreeMonee brings banks, customers & businesses together through promotional offers.
  • The Washington Post interviews Dwolla’s Ben Milne.
  • Amex partners with InComm to reload its prepaid cards.
  • Spend Matters explores how Tradeshift’s Cloudscan makes e-invoicing sexy.
  • Business Insider shares how to use JemStep to see if your broker is wasting your money.
  • ReadyForZero helps users pay off $12.5 million in debt, launches savings platform.
  • Kabbage partners with drop ship wholesaler Doba.
  • AlwaysOn selects Bill.com as a 2012 OnDemand Top 100 winner.
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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Jemstep Receives $6 Million in Series A Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Jemstep

JemstepLogo2.jpg

Jemstep, an online investment guidance startup that tracks over $170 million in investments, announced today it received $6 million in funding. 

This installment from private investors completes Jemstep’s Series A funding, bringing the total up to $10.5 million.

The California-based startup plans to use the funding for product development, growth, and corporate recruitment.

To learn more about Jemstep, watch its FinovateSpring 2010 demo.

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Finovate Alumni News– January 27, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics, eToro, HelloWallet, Jemstep, ProfitStars
  • 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.

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Finovate Alumni News– January 3, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, Credit Karma, Dwolla, eToro, Jemstep, Lending Club, Ping Identity, Receivables Exchange, RobotDough, TSYS, Zopa
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgRobotDough leaves GoDaddy due to SOPA support conflict.
  • Philly.com describes the Jemstep signup process.
  • Providence Business News reports Andera moves to a new office building.
  • eToro blog launches new column dedicated to analyzing the weekly activity on eToro OpenBook.
  • Forbes looks at Dwolla’s payment revolution.
  • Ping Identity announces PingFederate is now available as an Amazon Machine Image on the Amazon Elastic Compute Cloud.
  • Credit Karma launches free credit monitoring service.
  • The Receivables Exchange announces strategic alliance with Insperity Investment.
  • Lending Club removes service fee on large loans.
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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