Lending Club

Finovate Alumni News — May 29, 2013

By David Penn Posted on
Categories: authenticID, Banno, Check, Escardgot, EyeVerify, FIS, GoBank, GoNow, Leaf, Lending Club, Micronotes, Mint.com, Mitek, MoneyDesktop, Moven, OneID, OpenCoin, Refundo, SaveUp, TIO Networks, Tradeshift, TSYS, Virtual Piggy, Waspit, Zooz
  • FinovateLOGO.jpgPaymentsSource talks with Noam Inbar, VP for product development for Zooz.
  • OneID takes a look at the “security theater” of Twitter’s two-factor authentication.
  • TSYS renews payment processing arrangement with Nationwide Building Society.
  • Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.
  • MIT Technology Review features OpenCoin.
  • Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
  • TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
  • Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
  • Mitek receives patent for signature verification and fraud detection.
  • Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
  • CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
  • Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.
  • Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker’s Internet Trends report.
  • SaveUp helps credit union members save more than $400 million.
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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Lending Club Lands $125 Million Investment from Google and Foundation Capital, Is Now Valued at $1.6 Billion

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lending Club

LendingClubLogo.jpg

Google and Foundation Capital made a $125 million investment in online P2P lending platform, Lending Club at a valuation of $1.6 billion. Google executive David Lawee now sits as an observer on the Lending Club board.

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The $125 million was used entirely to buy out existing investors, who sold 15% to 20% of their shares. No net new funds were added.

Lending Club CEO Renaud Laplanche confirmed that Lending Club is readying for an IPO in 2014.

Lending Club demoed at Finovate three times, most recently at Finovate Startup 2009. Check out Finovate’s 2012 CEO interview with Laplanche here.

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Finovate Alumni News– April 12, 2013

By David Penn Posted on
Categories: BrightScope, Check Point, Dwolla, FutureAdvisor, GoodApril, Kabbage, Lending Club, On Deck Capital, OpenCoin, Pageonce, Palo Alto Software, PayPal, Prosper, Realty Mogul, SeedInvest, Simple

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  • RIA Biz takes a look at BrightScope’s plan to make advisory fees public.
  • DietBet.com crowdfunds more than $300,000 via SeedInvest. Join SeedInvest in San Francisco for FinovateSpring in May.
  • Finovate alumni make a strong showing in GoodApril co-founder’s list of tax preparation innovation. Meet GoodApril at FinovateSpring.
  • VentureBeat features Ripple developer OpenCoin. See OpenCoin in action at FinovateSpring in May.
  • DroidBeans reviews Pageonce for Android.
  • Puget Sound Business Journal highlights the role of Realty Mogul in a local real estate deal. Join Realty Mogul at FinovateSpring.
  • PayPal buys Iron Pearl, a startup that helps companies make their products more attractive to customers.
  • Reuters looks at a case study of how FutureAdvisor is used to save for retirement.
  • PYMNTS looks at Kabbage’s “secret weapon”
  • New York Times Business Day interviews Sabrina Parsons, Palo Alto Software CEO. Come to FinovateSpring to watch it demo LivePlan.
  • Channelnomics reports: Check Point Launch Makes Small Branch Foray.
  • Dwolla takes top honors at Prometheus Awards in Des Moines.
  • Massolution’s Crowdfunding Industry Report places Lending Club and Prosper as leaders in the industry.
  • American Banker considers On Deck Capital’s growth.
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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Nineteen Finovate Alums Win 2013 PYMNTS.com Innovator Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, BillFloat, Braintree, Capital Access Network, Credit Karma, Intuit, IP Commerce, Kabbage, Leaf, Lending Club, Mitek, MoneyDesktop, OneID, Pangea Payments, PayNearMe, PayPal, PaySimple, Simple, Waspit

InnovationProjectIMG.jpg

PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards.

Three Finovate alums were selected as overall Best in Show winners:

First place: Pangea Payments

  • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
Second place: Waspit 
  • Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
  • Finovate demo: FinovateFall 2012
Third place: Leaf
  • Description: Small business payments solution
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners:

Gold

    • Category: Most innovative
    • Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
    • Finovate demo: FinovateEurope 2012
    • Category: Best credit
    • Innovation: The consumer’s advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
    • Finovate demo: FinovateStartup 2009
    • Category: Best B2B innovation
    • Innovation: Online working capital for small businesses.
    • Finovate demo: FinovateEurope 2013
    • Category: Best SMB innovation
    • Innovation: Small business payment platform integrated with Quickbooks.
    • Finovate demo: Finovate 2009
    • Category: Best innovation via ACH
    • Innovation: Cash flow management, accounts payable/ receivable management platform
    • Finovate demo: FinovateSpring 2011
Silver
    • Category: Most invisible
    • Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Offers consumers “more time to pay” their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
    • Finovate demo: FinovateSpring 2011
    • Category: Best cash
    • Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
    • Finovate demo: FinovateSpring 2011
    • Category: Best SMB innovation
    • Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
    • Finovate demo: FinovateSpring 2012
    • Category: Best comeback
    • Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
    • Finovate demo: FinovateEurope 2011
Bronze
    • Category: Most disruptive
    • Innovation: Mobile checkout service that enables one touch payments across multiple applications.
    • Finovate demo: FinovateSpring 2011
    • Category: Best technology
    • Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today’s biggest identity and personal information threats.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best newcomer
    • Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
    • Finovate demo: Finovate Startup 2009
    • Category: Best debit
    • Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
    • Finovate demo: FinovateFall 2011
    • Category: Best prepaid
    • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best check
    • Innovation: Mitek’s patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the “gold standard” for mobile check deposit.
    • Finovate demo: FinovateSpr
      ing 2012

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Finovate Alumni News– March 27, 2013

By David Penn Posted on
Categories: Acculynk, BankersLab, Fenergo, Fiserv, Flint Mobile, Geezeo, GMC Software Technology, Jingit, Kiboo, Klarna, Lending Club, MoneyDesktop, Q2ebanking, Realty Mogul, TIBCO Software, TIO Networks

Thumbnail image for Finovate-F-Logo.jpg

  • Acculynk to provide UnionPay International UPOP authentication service via PaySecure.
  • GMC  Software Technology’s GMC Inspire now available as a complete solution with Xerox devices.
  • Klarna AB wins SEK 150 million contract with EVRY.
  • Finextra reports East River FCU & Ishpeming Community FCU to integrate Geezeo’s PFM product.
  • International Business News reports Aditi Technologies and TIBCO Software announce strategic alliance to bolster enterprise social and e-commerce solutions.
  • Lend Academy reports: Lending Club adds monthly income and loan ID filters.
  • American Banker reports: Harleysville Savings chooses Q2ebanking’s online banking platform.
  • TIO Networks surpasses 1 million transactions across all TIO Wallet members.
  • BankersLab launches Collections Edition of its Bank-it mobile game.
  • Bell State Bank deploys Fiserv’s mobile banking system.
  • Banking Technology looks at Kiboo’s participation in London’s fintech Innovation Lab.
  • Wilson Bank & Trust introduces MoneyDesktop to members.
  • TIBCO Software acquires Maporama Solutions.
  • P2P lending comes to real estate courtesy of Realty Mogul.
  • Small Business Computing takes a look at Flint’s pursuit of “highly mobile small businesses.”
  • Retail Touch Points features Jingit and a conversation on the importance of in-store marketing ROI.
  • Bank Crerdit News talks compliance with Fenergo CEO Marc Murphy.
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– March 26, 2013

By David Penn Posted on
Categories: Azimo, CSI globalVCard, CurrencyFair, Expensify, EZBOB, Fiserv, ID Analytics, Klarna, Lending Club, PayPal, Prosper, Rebirth Financial, SecureKey, SoMoLend, SumUp, TransferWise, Zopa
  • Thumbnail image for Finovate-F-Logo.jpgTransferWise featured in HuffPost Students United Kingdom.
  • EZBOB investor John Garfield profiled in The Telegraph.
  • Money.co.uk compares money transfers through Azimo.
  • Fiserv partners with Romania-based Eutron Invest to provide Cash and Logistics solution portfolio to the Romanian market.
  • Forbes looks at the “best of the best” debt crowdfunders including Lending Club, Prosper, Zopa, SoMoLend, Rebirth Financial.
  • SecureKey announced availability of its cloud-based briidge.net identity and authentication platform.
  • ID Analytics introduces fraud detection solutions for online retailers.
  • The Globe and Mail lists Expensify as 1 of 5 apps that take the bumps out of business travel.
  • Petter Made, co-founder and COO of SumUp, talks about the advantages of Dublin as a base for business.
  • Credit Union Times reports: Fiserv launches SpotPay.
  • Finextra reports G&D and PayPal team on pre-paid mobile top-ups in Brazil.
  • Practical eCommerce takes a look at Klarna Invoice for OSC programs.
  • CSI’s globalVCard wins top entrepreneurial prize at 2013 Innovation Project.
  • Newfination interviews CurrencyFair’s Brett Meyers.
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– March 20, 2013

By David Penn Posted on
Categories: Backbase, BillGuard, Cortera, Expensify, Fenergo, FIS, ID Analytics, Lending Club, Locaid, PaySimple, QuantConnect, rplan, Taulia, Temenos, TradeKing, TransferWise
  • Thumbnail image for Finovate-F-Logo.jpgFenergo releases enhanced compliance and customer onboarding support solution for FIs.
  • FIS announces seven-year agreement with FirstBank Puerto Rico for outsourcing services.
  • Fortnoff Financial reviews TradeKing.
  • The Valley Girl Show interviews Locaid CEO, Rip Gerber.
  • Creative Huddle takes a look at TransferWise as a disruptive force in banking.
  • BillGuard launches early, limited MVP testing version of iPhone app.
  • Expensify bolsters SalesForce integration by supporting FinancialForce.
  • American Banker reports Backbase launches Portal 5.4,  enhancing digital marketing to include better targeting & more.
  • Cortera launches Cortera Lookalikes to seek out new customers  that look and act like a company’s existing customer base.
  • rPlan launches “rplan University”, an online course to provide crucial education on investing.
  • ID Analytics launches ID Network Attributes, targeted consumer behavior insights that provide visibility into identity or transaction risk.
  • Lend Academy reports LendingClub loans being snatched up quickly (within hours).
  • PaySimple partners with CheckAlt to provide suite of payments and receivables tools to SMBs.
  • Validata to provide test case content for Temenos T24 German Banking Suite.
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– March 15, 2013

By David Penn Posted on
Categories: Cartera Commerce, Check Point, GMC Software Technology, Lending Club, Mint.com, Mistral Mobile, QuantConnect, Temenos, TradeKing, Tyfone
  • Mistral Mobile announces partnership with Alaric.
  • GMC Software Technology reports user community growth of more than 700% since inception.
  • Opportunity International expands partnership with Temenos.
  • Communication Federal Credit Union rolls out Tyfone mobile banking tech.
  • CNBC features Renaud Lamplache, Lending Club CEO Renaud Laplanche.
  • BostInno features Cartera Commerce on what innovation means to them.
  • SC Magazine readers select Check Point for best enterprise firewall and best IPS solution in 2013.
  • QuantConnect partners with Battle-Fin.com in $20 million seed-capital trading tournament.
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– March 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Backbase, BellaDati, Bolstr, CashStar, cbanc Network, Continuity Control, Credit Karma, DeviceFidelity, Diversinet, Expensify, Fiserv, Geezeo, Lending Club, Locaid, Mint.com, Moven, Pageonce, PocketSmith, Prosper, Simple, SoMoLend, Standard Chartered Bank
  • American Banker reports: Union Bank signs up for Fiserv’s Bill Pay.
  • Bolstr featured on MSNBC’s Your Business.
  • Backbase gives a glimpse of the Digital Marketing Module it showed at FinovateEurope.
  • Triple Pundit looks at how the SEC is holding SoMoLend and other debt/equity crowdfunding platforms hostage.
  • USA Today considers Lending Club’s success.
  • CIO lists Expensify as 1 of 3 apps to help at tax time.
  • BellaDati releases updates to its platform.
  • Credit Karma launches app for Android.
  • Med Gadget interviews Diversinet CEO, Dr. Hon Pak.
  • Finextra reports Geezeo signs 1st United Services Credit Union.
  • CashStar announces availability of tablet gifting.
  • Android, iOS updates now provide card-to-card payments with Pageonce.
  • Dough Roller blog names PocketSmith one of the best calendar-based personal finance apps.
  • Continuity Control to partner with cbanc Network to provide regulatory briefing via RegAdvisor.
  • Koolspan and DeviceFidelity team up to build TrustSleeve, bringing microSD-based voice encryption to the iPhone.
  • Locaid and Life360 join forces to help parents stay in touch with their kids.
  • The Financial Brand highlights 50 of the most spectacular website designs in banking: Simple (formerly BankSimple), Standard Chartered, Mint, & Moven. See Netbanker’s take on the list here.
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– March 4, 2013

By David Penn Posted on
Categories: Andera, ayondo, Blippy, Check Point, Comarch, Kiboo, Lending Club, Prepaid Resources, SecondMarket, Simple, SoMoLend, TradeKing

Thumbnail image for Finovate-F-Logo.jpg

  • Online Broker Review takes a look at the TradeKing iPhone app.
  • Ayondo’s investing and trading app TradeHub available on the iPhone.
  • Entrepreneur interviews Candance Klein, CEO of SoMoLend.
  • Brr Media interviews Kiboo founder and CEO Lisa Halpern.
  • TechCrunch chats with Simple CEO and co-founder Josh Reich to find out why Simple is better than your bank.
  • Lend Academy reports: Lending Club Issues $120 Million in New Loans in February.
  • American Banker reports: Bank of Zachary Selects Andera’s Account Opening System.
  • Check Point positioned as leader for 16th consecutive year in 2013 Gartner Magic Quadrant for Enterprise Network Firewall.
  • The WSJ reports: SecondMarket to Launch Student-Loan Securities Platform.
  • Blippy for iPad available at the iTunes App store.
  • Comarch announced as a sponsor of Loyalty Expo 2013 in Orlando, Florida.
  • Prepaid Resources announces partnership with IDology.
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– 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 Alums Make America’s Most Promising Companies List

By David Penn Posted on
Categories: Boku, Lending Club, On Deck Capital, Swipely

Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAccording to Forbes, four of the 100 most promising companies in the United States right now aren’t just fintech companies. They are Finovate alumni, as well.

Of the four, Lending Club is the highest rated, earning the number 12 spot in Forbes‘s “America’s Most Promising Companies” roster. Also making the top 50 was Boku, with alumni On Deck Capital and Swipely helping round out the list.
Interestingly, Swipely CEO Angus Davis recently made a “most promising” list of his own.  Davis was featured along with more than 20 of his peers in a profile of “America’s Most Promising CEOs Under 35” also compiled by Forbes.
Here’s a closer look at the alumni featured.
  • Rank: 12
  • Revenue: $16 million
  • Employees: 125
  • Demo video
  • Rank: 38
  • Revenue: $195 million
  • Employees: 115
  • Demo video
  • Rank: 94
  • Revenue: $37 million
  • Employees: 152
  • Demo video
  • Rank: 95
  • Revenue: $1 million
  • Employees: 36
  • Demo video

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