Lendio Archives - Page 10 of 12

Finovate Alumni News– July 18, 2012

By Julie Muhn (@julieschicktanz) Posted on July 18, 2012
Categories: Bill.com, Dashlane, Dwolla, InComm, Lendio, PlayMoolah, ProfitStars, Xero

InComm launches prepaid products in Brazil, partners with Peela.

Dwolla re-launches developers portal to make it more user friendly.

PC Mag recommends Dashlane to protect your password.

Number of small business owners using Lendio increased by 12x YOY in Q2.

ProfitStars announces remittance solutions for its relationship with the Independent Community Bankers of America (ICBA).

Rumors suggest Xero to announce acquisitions at annual conference.

E27 features PlayMoolah.

Bill.com recognized as a JMP Securities “Hot 100” Software Company for third consecutive year.

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 3, 2012

By Julie Muhn (@julieschicktanz) Posted on May 3, 2012
Categories: Boku, BrightScope, Check Point, Fiserv, FutureAdvisor, Lendio, Meniga, Personal Capital, SecondMarket, SecureKey

CNBC covers how SecondMarket is looking to move from trading Facebook to Pinterest.

TechCrunch reports Boku launched billing partnership with Sprint, giving it partnerships with all 4 major U.S. carriers.

Meniga’s PFM solution powers Sweden’s first Smartbank, launched by Skandia.

SecureKey adds 40 staff in past six months, reaches business and recognition milestones.

Lendio sees nearly 500% increase in matching businesses with small business loans.

Check Point launches free ZoneAlarm anti-virus/firewall combo.

Forbes features article by Mike Alfred, CEO of BrightScope, discussing the differing opinions he, Personal Capital and FutureAdvisor have on the role of financial advisors.

Fiserv to offer global ACH payments through partnership with Earthport.

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 24, 2012

By Julie Muhn (@julieschicktanz) Posted on January 24, 2012
Categories: Cardlytics, Currensee, Expensify, FiPath, Lending Club, Lendio, PayPal, Ping Identity, Prosper, Service2Media

American Banker reports PayPal tests its POS system at Office Depot.

LBi integrates Service2Media platform for clients including Coca-Cola, & Sony. Come see Service2Media demo live at FinovateEurope on February 7.

Small Business Trends examines the pros and cons of financing a startup using Prosper, Lending Club, or Lendio.

Ping Identity launches blog called Identity Matters. Come see Ping Identity at FinovateEurope Feb. 7 in London.

FiPath announces campaign to encourage Generation X to save for retirement.

BofA to use transaction-based marketing technology from Cardlytics to offer customers daily deals.

Currensee receives additional $2 million in series C financing.

Finovate interviews David Barrett, CEO of Expensify http://bit.ly/zVZzD9

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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On Deck Releases Version 1 of API

By Julie Muhn (@julieschicktanz) Posted on January 10, 2012
Categories: Lendio, On Deck Capital

On Deck, the startup that delivers capital to main street businesses, released the first version of its API today.

“This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system. Through the API, these third parties can now incorporate On Deck’s loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience.”

The API supports two functions:

Credit pre-qualifications — Allows financial institutions to determine if their clients qualify for a short-term business loan
Application submission — Allows third parties to submit loan applications from their CRM system

Lendio, a company that matches lenders with small business owners seeking to borrow capital, is using the API to pre-qualify borrowers and match them with lenders using On Deck’s technology.

To learn more about On Deck, watch its Finovate 2009 demo.

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2011 Funding for Finovate Alumni– Over $423 Million Raised

By Julie Muhn (@julieschicktanz) Posted on December 22, 2011
Categories: Bill.com, BillGuard, Bobber Interactive, Braintree, Cardlytics, CashStar, Continuity Control, Credit Sesame, Dynamics, edo Interactive, eToro, eWise, Finsphere, FTRANS, Guardian Analytics, Kabbage, Kony Solutions, Lending Club, Lendio, mFoundry, MiiCard, MOOTWIN, On Deck Capital, peerTransfer, Plastyc, Prosper, SecondMarket, SecureKey, Silver Tail Systems, Simple, Xero

To wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year.

The results were impressive:

A total of 34 companies received funding, some more than once
The companies collectively raised over $423 million dollars
The months with the highest number of companies receiving funding were June August, both with 8 companies
The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million

Here is a month-by-month breakdown of funding received:

January — $40.8 million raised by 3 companies

Kabbage: $6.7 million — Blog post

Kony Solutions: $19.1 million — Blog post

On Deck Capital: $15 million — Press release

February — $10.3+ million raised by 3 companies

eToro: $8.3 million — Press release

Plastyc: $2 million — Blog post

SecureKey: Undisclosed — Blog post

March — $20.4 million raised by 4 companies

Bobber Interactive: $1.4 million — Press release

Credit Sesame: $6.2 million — Press release

Finsphere: $1.8 million — Blog post

Guardian Analytics: $11 million — Blog post

June — $124.4 million raised by 8 companies

Balance Financial: $1.5 million — Blog post

Braintree: $34 million — Blog post

Dynamics: $35 million — Press release

eWise: $14 million — Blog post

Prosper: $17.2 million — Press release

Silver Tail Systems: $20 million — Blog post

Ftrans: $650,000 — Blog post

Lendio: $2 million — Blog post

July — $1.1 million raised by 1 company

Continuity Control: $1.1 million — Blog post

August — $103.4 million raised by 8 companies

edo Interactive: $20 million — Press release

Kabbage: $17 million — Blog post

Lending Club: $25 million — Blog post

miiCard: $900k — Press release

On Deck Capital: $19 million — Blog post

peerTransfer: $7.5 million — Press release

Simple (Formerly BankSimple): $10 million — Blog post

Xero: $4 million — Press release

September — $33 million raised by 1 company

Cardlytics: $33 million — Blog post

October– $22 million raised by 2 companies

BillGuard: $10 million — Blog post

CashStar: $12 million — Press release

November — $16.3+ million raised by 3 companies

Braintree: Undisclosed — Blog post

Ftrans: $1.3 million — Blog post

SecondMarket: $15 million — Press release

December — $52.2 million raised by 5 companies

Bill.com: $15.5 million — Press release

Kabbage: $12 million — Press release

mFoundry: $18 million — Press release

MOOTWIN: $5.5 million — Blog post

Plastyc: $1.2 million — Blog post

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– November 21, 2011

By Julie Muhn (@julieschicktanz) Posted on November 21, 2011
Categories: Braintree, BrightScope, ClairMail, Currensee, DoughMain, HelloWallet, Lendio, Mint.com, Simplifi, Xero, Yodlee

BrightScope plans to tweak its blog & redesign its homepage.

SimpliFi wins four Achievement in Marketing awards from Columbus chapter of American Marketing Association.

New York Shop Exchange interviews Brock Blake, Lendio CEO, about small business loans.

MyBankTracker looks at Yodlee’s FinApps and the evolution of Mobile Banking.

Fifth Third Bank launches mobile banking apps powered by Clairmail.

TechCrunch reports Braintree receives investment from Capital One co-founder, Nigel Morris.

Currensee launches Trade Leaders Program for institutional clients.

TechCrunch explores the differences between Mint.com and HelloWallet’s mobile apps.

Family blogger Darcy shares five of DoughMain’s features.

Xero doubles its customer numbers, gains traction overseas.

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– November 16, 2011

By Julie Muhn (@julieschicktanz) Posted on November 16, 2011
Categories: Arroweye Solutions, Betterment, CashStar, DoughMain, Dynamics, Finsphere, Geezeo, Lendio, SecondMarket, Wonga

Apparel Retailer Aeropostale selects CashStar to provide e-gift cards.

CU Insight reports that Geezeo partners with IBT, a financial services innovator.

Dynamics’ Chip And Choice Technology wins 2011 CARTES Best in Show Award.

NY Daily News recommends LearnVest and DoughMain as resources for financial education.

Lendio inspires future entrepreneurs with $2,500 scholarship.

Arroweye approved to digitally produce Discover Cards.

ABA Banking Journal describes mobile banking, citing Celent’s report, “Innovations in Mobile at Finovate.”

Affinion Group to distribute Finsphere’s Mobile Transaction Monitoring service.

Betterment CEO Jon Stein interviews with top investment bloggers.

Centuryware discusses SecondMarket’s success.

Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.

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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Lendio Works With LegalZoom To Bring Legal Resources To Users

By Julie Muhn (@julieschicktanz) Posted on November 15, 2011
Categories: Lendio

Yesterday, Lendio announced that it will work with LegalZoom to allow users to access legal resources on its platform:

“LegalZoom offers prepaid legal plans for individuals and small businesses at a cost of as little as $15 a month. Customers can obtain legal advice over the telephone and other services from an attorney licensed in their state.”

Bringing LegalZoom to the Lendio platform will provide users access to financing and legal resources in one place.

To learn more about Lendio, watch its FinovateSpring 2011 demo.

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CNNMoney Highlights Lendio and On Deck Capital

By Julie Muhn (@julieschicktanz) Posted on November 10, 2011
Categories: Lendio, On Deck Capital

Lendio was featured in CNNMoney this morning, where it was referred to as a, “small biz loan matchmaker.”

The article goes on to describe the headache that an Alabama small business had when trying to secure funding. After being turned down by a bank, the business turned to Lendio and was able to secure funding within a week through On Deck Capital.

The article also shares some stats on Lendio:

Loans range from $5,000 to $1 million
2010 revenue was $8.6
Since March it has received 3,000 loan requests
Loan approval rate is 50-70%

To learn more about Lendio, watch its FinovateSpring 2011 demo.

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Finovate Alumni News– November 10, 2011

By Julie Muhn (@julieschicktanz) Posted on November 10, 2011
Categories: Bill.com, Clovr Media, DoughMain, Dwolla, FeeFighters, Lending Club, Lendio, Linkable Networks, Monitise, Offermatic, On Deck Capital, Simple, Striata, ThreatMetrix, Tyfone

FeeFighters shares its web traffic spikes from being in TechCrunch articles.

Monitise launches mobile checkout service.

Fox Business News mentions how Tyfone is helping to retrofit cellphones with NFC capability.

Reuters reports how Lending Club uses consumer sentiment towards banks as an opportunity.

Striata selected by Securitas, a growing security company in South Africa, to provide eBilling & ePayment to customers.

ThreatMetrix deploys multi-layered data encryption architecture in new release of Cloud-Based Fraud Prevention Platform.

Iowa-based UNI CU and W.Va-based WV United FCU sign on for Dwolla’s FiSync.

MyBankTracker compares Offermatic to Groupon and Womply.

Linkable Networks (formerly Clovr Media) partners with 24/7 Real Media to tap into card linked offers.

Wade Arnold, T8 Webware CEO, is selected for The Courier’s Class of 2011 20 Under 40 award.

ReadyForZero launches new blog.

Bill.com’s paperless bill management wins silver award.

Simple explains its new “Simple” name.

DoughMain launches financial education game Sand Dollar City.

CNNMoney highlights Lendio and On Deck Capital.

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– November 9, 2011

By Julie Muhn (@julieschicktanz) Posted on November 9, 2011
Categories: Billeo, Dwolla, eWise, Expensify, GoalMine, Intuit, Lendio, MiiCard, PayPal, Simple, Xero, Zecco

Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.

Fox Business News reports GoalMine seeks to level the investing field.

PayPal updates its Android app with support for NFC payments.

eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.

Lendio makes its business loan matching service free.

Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.

Xero updates its app: increases speed and improves UI.

Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.

Billeo launches ShopSmart to bring consumers relevant discounts.

Zecco hosts $500 sweepstakes.

miiCard gives first 10,000 users free accounts for life.

Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.

Expensify creates four pricing plans.

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– November 4, 2011

By Julie Muhn (@julieschicktanz) Posted on November 4, 2011
Categories: Diversinet, Lendio, Personal Capital, Plastyc, Truaxis, Xero

Plastyc launches UPside Visa Savings Purse.

Diversinet receives U.S. Patent for securely storing information on a mobile device.

American Banker reports Ohio Valley CU is working with Truaxis to offer discounts.

Lifehacker highlights Personal Capital.

Xero calls on UK Gov to deliver better reporting, not simpler reporting for micro businesses.

Lendio adds 40 Banks, offers local business loans to 70% of the U.S.

Lending Club reaches $400 million in
loan originations.

Huntington Bank works with Kony to
create an iPad app.

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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