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Kabbage, provider of working capital to online retailers, announced a new round of financing today. The startup received $12 million in debt financing from California-based Western Technology Investment.
Kabbage states that the money will help it provide more working capital to its network of 10,000-plus online merchants.
To learn more about Kabbage, watch its FinovateFall 2011 demo.
Source: Compete.com retrieved the week of October 26, 2011
NY Times reports how BancVue works with community FIs to offer checking accounts.
“Kabbage has launched the SocialKlimbing feature of its system, which enables online merchants to associate their social activities with their Kabbage account. By doing so, Kabbage incorporates information from these social media sites to underwrite risk and enable online merchants to receive a benefit by actively engaging with audiences interested in their products and services.”
“We’re able to explore new territories; we can pursue additional marketplaces, new financial products and expand our model even further now.”
“The US Patent is an ‘apparatus to provide liquid funds in the online auction and marketplace environment.’ Basically, it’s a system that lets use an online merchant’s shop and selling history to best determine how dire a need there is of funds.”
Aptys Solutions
Aptys Solutions signed with Banker’s Bank, a top check depositor with the Federal Reserve Link
Backbase
Backbase to host webinar on how to use social media in financial services Link
Betterment
Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link
Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link
Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link
Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link
doxo
Dwolla
edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link
Expensify
Slate explained how Expensify will help the ‘frequent flier’ Link
Kabbage
Technorati described how Kabbage works with eBay Link
Lending Club
LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link
Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link
Lodo Software
Lodo Software was described as a startup providing jobs in the “Silicon Prairie” region, a.k.a. Omaha Link
Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link
Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link
PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link
PayNearMe
BillShrink examined PayNearMe’s cash payment service Link
peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link
ProfitStars
ProfitStars announced a new version of Margin Maximizer that’s now available as a hosted solution Link
Robot Dough
2MiniuteFinance toured RobotDough’s demo during interview at Finovate Spring Link
SecondMarket
Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link
Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link
ThreatMetrix
San Francisco Chronicle covered ThreatMetrix’s research around mobile transaction activity Link
TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link
TradeKing
TradeKing divulged the lineup of its free webinars in June Link
Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link
Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link
Wonga
Xero
Zecco
Zopa
Zopa shows how it helps consumers protect against inflation Link
Just a quick reminder that the early-bird ticket prices for FinovateSpring 2010 (May 11, San Francisco) will expire at the end of March (less than 2 days from now). If you register by March 31, you’ll save $100 on your ticket and lock in your spot to see debuts and demos of dozens of new financial and banking technological innovations.
We’ve handpicked an amazing list of companies to demo their latest including:
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Tickets are selling well with hundreds of registered attendees from great organizations like:
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FinovateSpring is one of our twice-yearly showcases of the best new ideas in banking and financial technology. The show is built around a unique blend of fast-paced demos of actual technology (no slides!) and high-quality networking with an audience of senior FI executives, fintech entrepreneurs, VCs, press, industry analysts and bloggers. It’s an awesome environment to find your next competitive edge.
Don’t miss out on the early-bird price on your ticket to this great show. Register now!
P.S. Online Banking Report subscribers are entitled to an extra discount to our Finovate conferences. Email me to get it.
Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.
We’re very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. The quality of the new ideas that will be demoed on stage is very high this year and we’re incredibly excited to showcase them to you.
The demoing companies selected (that we can reveal so far) are:
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These companies will be showcased to an audience of senior financial/banking/credit union executives, influential press, industry analysts, venture capitalists, bloggers, tech companies and entrepreneurs.
A sampling of the great organizations already registered to attend includes: AARP, Aite, Alliant Credit Union, BNP Paribas, Capital One, Celent, Discover, Experian, Fidelity, Filene, Forrester Research, Google, Highland Capital, Intuit, Javelin Strategy, Jack Henry, Mechanics Bank, Motley Fool, NY Times, PayPal, Tower Group, USAA, US Bank, Venrock, Wells Fargo, and Wired Magazine.
We’d love to have you join us at the spring event and watch the future of finance/banking unfold onstage. If you register today you’ll save $100 via the early-bird ticket discount. Please note that the early-bird prices expire at the end of this month and space is limited so lock in your spot now!
Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.