Lendio

Finovate Alumni News– September 26, 2013

By David Penn Posted on
Categories: Billhighway, Braintree, Finovera, Google, Lendio, MasterCard, MiiCard, PayPal, peerTransfer, SecondMarket
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  • Updated Google Wallet app lets users store loyalty cards.
  • MasterCard teams up with National Bank of Egypt, Egyptian Banks Company, and Fawry to launch m-wallet in Egypt.
  • EBay’s PayPal acquires Braintree in $800M cash deal.
  • The Boston Business Journal features peerTransfer.
  • miiCard presents trends from the innovators at FinovateFall.
  • Lendio raises $4.5 million for small business loan-matching Service.
  • TechCrunch reports: SecondMarket launches a Bitcoin investment trust for accredited investors.
  • Billhighway adds Boys & Girls Club of Troy as client.
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 Raises More Than $4 Million in Series B Round

By David Penn Posted on
Categories: Lendio

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While most of us have spent the past week dreaming of Labor Day destinations, small business lending platform Lendio was busy raising capital. And lots of it.

The company announced late this week that it had secured $4.2 million as part of a Series B funding round. The round was led by Runa Capital, and also included the participation of current investors Tribeca Venture Partners and Highway 12 Ventures.

As reported in a TechCrunch profile of the company published this week, Lendio plans to use the new funding to help the hundreds of thousands of entrepreneurs and business owners that have come through the platform to get access to the capital they need to grow their enterprises.

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Lendio was founded in 2005, and is headquartered in Salt Lake City, Utah. The company’s platform connects small businesses in search of capital with lenders looking for creditworthy borrowers and good returns. The company cites a successful match rate of 85% for the companies that complete a Lendio profile.
Lendio earned $6 million in Series A funding in February 2011, and $2 million in debt funding later that year. We last reported on Lendio a month ago, as the company partnered with ProfitStars (another Finovate alum) to provide small businesses with ProfitStars’ BusinessManger and access to LendingNetwork. See our story on the new deal here.
The company presented its lending platform at FinovateFall 2011 in San Francisco. Watch Lendio’s demo here.

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Finovate Alumni News– August 29, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dynamics, Lendio, MasterCard, MiiCard, SumUp
  • Finovate-F-Logo.jpgTechCrunch reports: Lendio using new funding to help SMBs secure loans & avoid bad credit.
  • Payments Source considers how SumUp is competing in a Square world.
  • Cards International reports: Dynamics unveils U.S.A credit card with stars and stripes magnetic strip. Come to FinovateFall in NYC to see Dynamics showcase its new innovation.
  • MasterCard, C-SAM, DNP team up to bring white-label NFC mobile wallet service to Japan. See MasterCard demo at Finovate Fall in September.
  • OxGadgets reviews miiCard as a solution for online identity authentication. Join miiCard in New York for FinovateFall.
  • Mashreq Bank launches EMV chip and PIN-compliant mobile POS service via partnership with Swiff and MasterCard.
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– July 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, Authentify, GoBank, Lendio, MasterCard, Moven, PayPal, SocietyOne
  • Finovate-F-Logo.jpgPayPal reviews second quarter performance.
  • Creditcard.com.au features SocietyOne as 1 of 5 industries where you should be using a ‘share business’.
  • Network World reports: Authentify xFA provides simple, secure primary authentication using digital certificates and voice biometrics.
  • Compliance Week reports: Actiance Socialite helps simplify social media compliance.
  • MasterCard’s Margaret Shine talks debit card adoption with Pymnts.com.
  • Lendio prevents five reasons why small businesses should rely on cloud accounting.
  • Project Runway season opener features contestants using GoBank accounts to make purchases and manage spending.
  • Netbanker looks at the benefits of Moven’s contactless NFC sticker.
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 and ProfitStars Team Up to Provide Small Business Financing Solutions

By David Penn Posted on
Categories: Lendio, ProfitStars

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The partnership between Finovate alumni Lendio and ProfitStars provides small businesses with ProfitStars’s accounts-receivable financing solution, BusinessManager, as well as access to the company’s LendingNetwork alternative-financing referral program.

The goal is to make it easier for small businesses to obtain the capital they need to grow and expand. BusinessManager is a web-based financial program that lets businesses sell their accounts receivables to their bank at a discount on a daily basis.

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The LendingNetwork provides financing to creditworthy business customers through a network of more than 20 commercial providers. It serves as an option for those customers unable to access traditional lines of credit.
Lendio matches lenders with small businesses owners seeking financing. The company was founded by Brock Blake (CEO) and Trent Miskin (CTO) in 2006, and is based in South Jordan, Utah, near Salt Lake City. Lendio includes among its partners companies like legal zoom, Experian, and Dun & Bradstreet Credibility Corporation.

        

ProfitStars is a division of Jack Henry & Associates focusing on developing products and services designed to help financial institutions control risks, minimize costs, and grow revenue.
Lendio demonstrated its lending platform as part of the FinovateSpring 2011 show in San Francisco. See the company’s presentation here. ProfitStars demoed BudgetManager at the FinovateSpring 2012 show one year later. A video of the demo is available here.

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Finovate Alumni News– July 16, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Allied Payment Network, Lendio, ProfitStars, Simple, Virtual Piggy
  • Finovate-F-Logo.jpgSimple celebrates first birthday with $1 billion in annual transactions.
  • Lendio will connect SMBs with ProfitStars’ BusinessManager solution and LendingNetwork program.
  • 3Rivers is the first credit union to deploy Allied Payment Network’s PicturePay mobile billpay solution.
  • ACI Worldwide partners with DBS to deliver online banking platform to corporate clients in Asia.
  • Payments Source reports: Virtual Piggy Enables Payments for Toy Robot Seller.
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– June 28, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Capital Access Network, CoverHound, GoBank, Kashoo, Lendio, LendUp, OneID, SeedInvest
  • Finovate-F-Logo.jpgCapital Access Network achieves new record of $66 million in monthly volume.
  • CoverHound names Keith Moore Chief Marketing Officer.
  • ProjectionHub and Lendio partner to help small businesses find the right loan.
  • Green Bay Press Gazette features GoBank on the heels of the company’s public launch this week.
  • Kashoo publishes interview with company “Jack of All Trades” Amrik Randhawa.
  • OneID provided to students of Sydney, Australia’s MacQuarie University.
  • Techcrunch takes a look at LendUp’s plan to provide instant online, mobile loans.
  • SeedInvest raises $1 million in round led by the Jumpstart New Jersey Angel Network.
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– June 17, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banking Up, BillGuard, EZBOB, FreeAgent, Geezeo, Lendio, Plastyc, Realty Mogul, Stockr, TrustedID, Virtual Piggy
  • Finovate-F-Logo.jpgVirtual Piggy grows to over a quarter million users.
  • TrustedID launches new service to help protect AARP members from identity theft.
  • Lendio launches new small business resource center to give business owners access to products and services to help grow their businesses.
  • Geezeo advances social finances by launching Friend and Feed tools.
  • FreeAgent launches Invoice-o-matic, a free online invoicing tool for small businesses and entrepreneurs.
  • EZBOB announces new, 12-month business loan with decreasing rate over term.
  • Realty Mogul featured in Herald-Tribune column on bringing real estate investing “to the masses.”
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 24, 2013

By David Penn Posted on
Categories: Flint Mobile, GMC Software Technology, Handpoint, Klarna, Lendio, Lighter Capital, Personal Capital, ThreatMetrix, TipRanks, Yandex
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMainStreet features “stock tip truth-o-meter” and FinovateSpring 2013 Best of Show winner TipRanks.
  • GMC Software Technology enters partnership with PostConnect to deploy Inspire technology.
  • AppScout takes a look at Flint’s mobile app for iPad and iPhone.
  • Yandex.Money integrates with Еuropean payment provider Skrill.
  • Banking Business Review reports: Handpoint introduces Chip and PIN MPOS systems.
  • Newfination visits the Personal Capital offices, interviews Head Of Advisory Services, Kyle Ryan.
  • American Banker mentions how Lendio and Lighter Capital are changing the face of small business lending.
  • Internet Retailer reports: ThreatMetrix helps EMerchantPay reduce its clients’ chargeback rates.
  • Klarna named “most innovative company” at annual Media Momentum Awards arranged by GP Bullhound.
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 20, 2013

By David Penn Posted on
Categories: Allied Payment Network, BBC Easy, CommunityLend, Lendio, OneID, Palo Alto Software, Quantopian
  • FinovateLOGO.jpgQuantopian featured in the print edition of Barron’s Electronic Investor column.
  • Software company Malauzai, technology partner with Allied Payment Networks, talks mobile photo bill pay adoption rates.
  • CardNotPresent takes a look at OneID’s two-factor authentication technology.
  • Palo Alto Software collaborates with MasterCard to provide lean planning and management software solutions to small businesses.
  • Lendio interviews BBC Easy founders in a podcast on its blog.
  • CommunityLend’s FinanceIt launches paperless document function.
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– April 30, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, Billhighway, Cortera, Finect, Intuit, Intuit Financial Services, Kashoo, Leaf, Lendio, MiiCard, MoneyDesktop, ReadyForZero, Temenos, Zopa
  • Finovate-F-Logo.jpgCortera now offering free Cortera Business Directory accounts.
  • Lendio announces record year-over-year revenue growth of 97% for the first quarter of 2013.
  • Zopa launches Safeguard offer that protects lenders from faulty borrowers through a fund held by a non-profit.
  • PayMyStudentLoans.com reviews ReadyForZero can help students save money in college.
  • PA Consulting Group will deliver identity verification solutions using miiCard.
  • MoneyDesktop launches new version of PFM & updates MoneyMobile app.
  • South Bangla Agriculture & Commerce Bank is the fifth Bangladeshi bank to deploy Temenos T24 banking software.
  • Leaf announces Leaf Membership Network. Join Leaf in San Francisco for FinovateSpring in May.
  • Financial Advisor introduces Finect. Come see Finect demo their technology at FinovateSpring.
  • appPicker reviews Kashoo Accounting for iPad.
  • Small Business Association of Michigan selects Billhighway Give as its mobile fundraising solution.
  • Intuit releases Android tablet banking app. Come to FinovateSpring to watch Intuit unveil its new technology.
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– February 5, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Billhighway, BrightScope, Cachet Financial Solutions, CashStar, Continuity Control, edo Interactive, Expensify, Figlo, Lendio, SafetyPay, SigFig, Simple, TSYS, Xero
  • Finovate-F-Logo.jpgCachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
  • Finextra reports SafetyPay opens up to German-speaking markets.
  • Lendio reports 2012 growth metrics.
  • Expensify listed as 1 of 4 apps to helps save and manage your money.
  • TechFaster interviews BillGuard CMO Mary Anne Keegan.
  • Business Insider interviews Josh Reich, Simple founder and CEO.
  • Xero makes Bank Reconciliation available to Android users.
  • edo Interactive’s new Marketplace platform targets small, local businesses.
  • Check out Finovate’s infographic of FinovateEurope 2013 innovation themes.
  • Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
  • SigFig-powered USA Today Money Portfolio Tracker launches
    in app store.
  • CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
  • Continuity Control partners with Community BancService Corporation.
  • TSYS technology at work in Visa’s Saral Money program in India.
  • Rabobank launches Figlo-powered widgets for online banking homepage.
  • BrightScope ranks top 25 law firms with highest-rated 401(k) 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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