Alumni News– August 15, 2014

  • Credit.com releases new version of its iPhone mobile app.
  • Pymnts: EBay in talks to accept Bitcoin through its Braintree unit.
  • Pymnts compares DoubleBeam to the Merchant Customer Exchange.
  • GoBank now holds mobile check deposits for less than 10 days.
  • Forbes features multiple Finovate financial management and wealth planning alums: LearnVest, Personal Capital, FutureAdvisor, SigFig, Wealthfront, Betterment, Motif, and Kapitall.
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 6, 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.jpgYahoo! Germany looks at financial innovation in Kreditech.
  • Prosper earns a spot on the 2014 AlwaysOn Global 250 Top Private Companies roster.
  • Feedzai launches anti-fraud, transaction scoring apps for Shopify and Big Commerce.
  • Forbes.com features Betterment, FutureAdvisor, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, and Wealthfront in a discussion on Millennial generation investment habits.
  • Richard Hagen, CEO of TradeKing Advisors, named to WealthManagement.com’s “Ten to Watch in 2015”.
  • Insuritas announces partnership with Financial Partners CU to open and manage its turnkey insurance solution.
  • Bank Innovation highlights alums SigFig and Ripple in a discussion on “8 under the radar fintech startups you should know.”
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 6, 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.jpgYahoo! Germany looks at financial innovation in Kreditech.
  • Prosper earns a spot on the 2014 AlwaysOn Global 250 Top Private Companies roster.
  • Feedzai launches anti-fraud, transaction scoring apps for Shopify and Big Commerce.
  • Forbes.com features Betterment, FutureAdvisor, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, and Wealthfront in a discussion on Millennial generation investment habits.
  • Richard Hagen, CEO of TradeKing Advisors, named to WealthManagement.com’s “Ten to Watch in 2015”.
  • Insuritas announces partnership with Financial Partners CU to open and manage its turnkey insurance solution.
  • Bank Innovation highlights alums SigFig and Ripple in a discussion on “8 under the radar fintech startups you should know.”
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– April 22, 2014

  • ACI Worldwide joins electronic payments standards organization, EPASOrg, as a principal member.
  • Taulia named to 2014 Best Places to Work in the Bay Area List.
  • Silicon Slopes features MoneyDesktop’s recruiting efforts.
  • Kapitall launches Klub Kapitall loyalty program with reduced live trading commissions.
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 Alums Raise $600 Million in First Quarter of 2014

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Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.
Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million. 
But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.
Total raised = More than $592 million
January — $91 million raised by seven companies
February — $139 million raised by seven companies
March — $362 million raised by nine companies

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

Finovate Alumni News — March 25, 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.jpgEleven Finovate alums win awards at PYMNTS Innovation Project 2014.
  • Bazaarvoice announces partnership with Spredfast.
  • TechCrunch: Wealthfront, OnDeck, Lending Club, Credit Karma, Betterment, and Kapitall “come of age.”
  • CMS Wire reviews Backbase’s customer experience platform.
  • Top Image Systems’ eFLOW to process the digital census of a country in EMEA in a deal worth more than $1 million.
  • Place2Give releases GIVE-API to provide access to its database of charities as well as its payment processing tech.
  • SmartAsset raises $5.2 million in series A funding. Come see their live demo at FinovateSpring next month in San Jose.
  • Netherlands Queen Maxima visits Entrepreneurial Finance Lab (EFL) to see its psychometric credit scoring methodology in action.
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 25, 2014

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  • Netbanker considers why the BBVA Simple Bank deal is extraordinary.
  • American Association of Motor Vehicle Administrators selects Authentify for NSTIC Trusted Online Identities Pilot.
  • ThreatMetrix wins Most Innovative Anti-Malware Solution and Best Product Network Access Control Solution at 2014 Cyber Defense Mag Awards.
  • Tyfone unveils Fluide mobile banking platform.
  • PayPal to be the first payment provider on the latest Samsung Gear 2 smartwatches.
  • Lendio marks a year of record growth.
  • Kapitall announces $13 million in funding in round led by Linden Venture.
  • Wallaby launches Google Glass payment app.
  • ShopKeep POS wins global Gold Stevie Award for Sales & Customer Service for 2nd year in a row.
  • MasterCard partners with Syniverse to pilot location-based, anti-fraud service.
  • MoadBus to offer Allied Payment Network’s PicturePay.
  • ACI Worldwide to power online banking for Trustco Bank.
  • Bankers’ Bank to deploy Aptys SolutionsPayLOGICS originating and processing wire service.
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.

Kapitall Announces $13 Million in Funding in Round Led by Linden Venture

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In a new round led by Linden Venture Fund LLC and joined by Bendigo Partners, Kapitall has added $13 million to its corporate coffers. Kapitall’s total funding now stands at more than $20 million.

“We are impressed by Kapitall’s track record to date,” said Linden Venture Fund managing partner Oksana Malysheva. “(We) know the leadership team has a winning combination of expertise in investing, gaming and interactive design to spark a true revolution among emerging investors.”

Kapitall relies on its graphical user interface and ramification to make it easier and more engaging for investors to research and analyze investments in stocks, mutual funds, and exchange-traded funds (ETFs). The company plans to use the additional funding to help develop new products and boost the growth of its community of users.

Company CEO Jarrett Lilien said, “We acquire, engage, and profitably interact with emerging investors – individuals that the traditional firms don’t handle well. We want these investors and we have an experience tailor made for them.”
A few interesting metrics for Kapitall:
  • More than 170,000 community members
  • More than 15,000 real and virtual trades executed monthly
  • More than 115,000 portfolios built, tracking real and virtual assets of more than $10 billion
Click here to watch a YouTube introduction to Kapitall.
Kapitall was founded in March 2008 by Gaspard de Dreuzy and Serge Kreiker, and is headquartered in SoHo, New York. Kapitall was recognized as a Webby Honoree in Financial Services in 2013.
See Kapitall’s FinovateFall 2010 demo here.

Finovate Alumni News– January 17, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAcculynk announces patent for PIN based, online authentication.
  • St. Louis Business Journal takes a look at miiCard’s chances at winning the FStech Award for “most disruptive financial services technology.”
  • Kapitall launches bonus program; $200 and 2,000 koins for new accounts.
  • The Financial Brand features Strategy CorpsBaZing.
  • Management Today interviews with Christian Laang, Tradeshift CEO.
  • CNBC highlights FutureAdvisor and how it can help you save on fees.
  • Kofax today announces availability of the Kofax Mobile Capture Platform.
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.

Webby Awards Honor Finovate Alums Among Web’s Best

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So what do fintech innovators, and Finovate alumni, like Mint, Manilla, and Dashlane have in common with the likes of the Chrome Web Lab, Tom Hanks’ Electric City, and Cracked.com?

How about earning honors from the esteemed judges of the 2013 Webby Awards?

Thumbnail image for ManillaLogo.jpgManilla made the most of its showing at the 17th Annual Webby Awards, picking up honors in three categories (Utilities & Services, Web Services & Applications, and Financial Services/Banking). But the biggest winner among the Finovate-affiliated nominees was Mint. Mint won the Webby People’s Voice award in the Financial Services/Banking category, along with earning an honor in the Best User Experience category.

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Also representing well at the Webby Awards was Dashlane, coming in for Web Services & Applications honors, and a trio of Finovate alumnus that impressed judges in the Financial Services/Banking category: LearnVest, UBank’s PeopleLikeU, and Kapitall.


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The Webby Awards have been given out every year since 1996 by the International Academy of Digital Arts and Sciences (IADAS). The Academy includes among its members such luminaries as David Bowie, Vint Cerf, and Arianna Huffington. 

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The Webbys provide two major awards per category: the Webby Award and the Webby People’s Voice Award. The latter award is determined by an online vote.

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Learn more about our Webby Award-winning alumni at our demo pages.
ManillaFinovateFall 2012
MintFinovate 2007
DashlaneFinovateFall 2012
LearnVestFinovateFall 2012
KapitallFinovateFall 2010