Alumni News — Week of May 16, 2011

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Bill.com
Practical Ecommerce listed Bill.com as 1 of 19 tools for online bookkeeping and invoicing Link


BrightScope
BrightScope announced the top 10 commodities funds held in America’s 401k plans Link
Frazier & Deeter, FD Alliance, BrightScope and SignatureFD conducted a national webinar on BrightScope’s tool that rates employee benefit plans. Link 
ClairMail

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ClairMail reported record growth with a record number of customer acquisitions and a 300% increase in user growth Link  
eRollover
eRollover announced its Facebook Early Retirement Vacation Sweepstakes Link
Finantix
Wealth Management 360 highlighted Finantix’s Finovate Europe demo Link

Intuit
Intuit reported an increase of internet banking users by 9% and bill pay users by 23% Link
iPay Technologies

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iPay Technologies reached 1 Million users of its P2P electronic payment service, with almost 8 million payments processed to date Link
Kapitall
Kapitall implemented an alert system for current news on stocks and funds. These new alerts will keep users informed and will link directly to Kapitall’s analytical tools for a quick understanding of changes. Link
Kashoo

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Practical Ecommerce listed Kashoo as 1 of 19 tools for online bookkeeping and invoicing  Link
Kashoo was selected by IDC as one of Canada’s Top 10 cloud companies to watch Link

On Deck Capital
Tech Crunch reported On Deck Capital’s announcement of the On Deck Score, a credit score for small businesses. This program seeks to fix the problem of businesses borrowing money as consumers http://tcrn.ch/kNjGX6 Link
Outright.com
Practical Ecommerce listed Outright.com as 1 of 19 tools for online bookkeeping and invoicing Link

SecondMarket 
SecondMarket experienced $115M in private stock sales during Q1 Link

TradeKing
TradeKing ranked number four in customer service for the second consecutive year in the Annual Broker Survey by Wall Street Journal’s magazine, SmartMoney Link 
Wonga

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Wired UK mag covered Wonga’s disruptive process of making borrowing money completely automatic. Are they transforming personal finance? Link
Wonga should have won of Startup 100 Awards, not Spotify Link

Alumni Updates — Week of April 18, 2011

To follow updates from Finovate alumni companies in real time, be sure to follow us on Twitter.
 
Backbase extends content services offerings. Backbase CMS is available as an add-on module. http://bit.ly/finovate420112
BancVue launched “Money Island,” an educational game for children to be offered by banks and financial institutions. https://demo.moneyisland.com/
BillFloat partners with Online Resources to offer small-dollar loans to biller clients. Online Resources will now offer BillFloat as a payment option. http://bit.ly/finovate418112
Doxo signs Oregon Federal Employees Credit Union (OFECU). Members will be able to receive statements and banking documents via the service. http://bit.ly/finovate421111
Dwolla will provide an online payments option at Tikly, an online ticketing startup  expected to launch within the next thirty days. http://bit.ly/finovate418113
eToro surpasses 1.5 million users. The company cites the growth of thousands of members joining per day since the launch of eToro’s social platform, OpenBook. http://prn.to/finovate421113
PayPal and Discover partner on person-to-person payments. Rollout begins this week for Discover’s person-to-person payments system. http://bit.ly/finovate42112
Several Finovate Alumni firms have been nominated for Webby awards. Good luck to Lending Club, Mint, Billeo and Kashoo. http://bit.ly/finovate420116
SmartyPig eliminates redemption fees. Transferring SmartyPig savings account funds to a retailer gift card is now free. http://bit.ly/finovate418111
Yodlee partners with Boursorama to provide Money Center service. Boursorama customers will receive the Money Center PFM service free of charge. http://bit.ly/finovate420115

Alumni News — Week of January 9, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Backbase is holding an engagement banking seminar on January 27. — Attendance is free, but pre-registration is required. http://bit.ly/finovate114111
Blippy has been nominated for a Crunchie award. — The awards, given in a number of startup  categories, are a joint effort by three tech blogs: TechCrunch. VentureBeat and GigaOM. http://tcrn.ch/finovate113114
FeeFighters (formerly TransFS) has raised an additional $1.6 million in funding. — FeeFighters helps businesses comparison shop for credit card processing services. http://tcrn.ch/finovate113112
Fifth Third Bank will offer Popmoney from CashEdge. — Popmoney, an e-mail based money transfer system, will be available to Fifth Third customers in mid-2011. http://bit.ly/finovate110113
Firstmark Credit Union selects Geezeo for PFM platform. — The credit union, with  90,000 members with $700 million in assets, will use Geezeo’s white label platform . http://bit.ly/finovate1101
iBearSoft releases Money 5.0 mobile app. — The new release includes several speedups and new features. http://bit.ly/finovate1112
Jwaala offers free trials of the Better Online Banking (BOB) platform for credit unions. — The trial platform can be launched within two days of the request and allows prospective clients to see all of the available features. http://bit.ly/finovate113113
Kabbage raises an additional $6.5 million to support its loan business targeted to eBay and other online sellers. — This round was led by BlueRun Ventures and UPS Strategic Enterprise Fund. http://tcrn.ch/finovate113111
Kashoo users get a 30% discount on electronic tax filing with eSmart Tax. http://bit.ly/finovate114112
PerkStreet and Lending Club offer cash prizes for creatively shredding credit cards. http://bit.ly/finovate111113 or shredyourcreditcard.com
Plastyc and eBillMe launch a new banking system for self-employed users. — The platform allows users to receive clients’ electronic payments directly. http://bit.ly/finovate112112
SafetyPay signs deal with Brazil’s Banrisul. — This will allow Banrisul Bank’s three million customers to make purchases in their own currency by way of SafetyPay’s service. http://bit.ly/finovate111111
SmartyPig launches its first iPhone app. — Users can add to their savings,  manage goals and even contribute to another user’s goal. The app also includes a location-based tool to find participating merchants.  An Android app is planned for February. http://bit.ly/finovate110112
Tyfone receives a fourth patent for mobile e-wallet technology. — This newest patent, is entitled, “Asymmetric cryptography with user authentication.” http://bit.ly/finovate112111
The Mii card, powered by Yodlee, becomes a digital passport for online authentication. — See the Mii card in Action at FinovateEurope. http://www.miicard.com/

FinovateFall 2010 Demo Videos Now Available

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We’re pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall’s NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition! 

(P.S. If you’re interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)


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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.

FinovateFall 2010 Demo Lineup Revealed

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We’re very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall.

Over the show’s two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions.

Without further delay, here’s the list of companies we’re excited to showcase:

If you’re interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we’re expecting to sell out). We’ll see you in New York!


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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.