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Information services company Lead411 published its list of 80 Hottest San Francisco companies yesterday. The companies were selected from a list of 2600 fast growing, privately held companies in the San Francisco area.
Three out of 80 companies listed are Finovate alumni:
To be selected, companies needed a 100% increase in revenues over the past two years or $5 million+ in funding in the past two years.
To wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year.
One week after mFoundry formed a partnership with MasterCard, they announced an $18 million investment from MasterCard, along with Intel, FIS, and Motorola Mobility:
“The capital will be used to fund the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators. mFoundry will also use the proceeds to support the expansion of their existing and profitable mobile banking business.”
Mobile banking solutions provider mFoundry announced a partnership with MasterCard yesterday.
The new alliance will enable mFoundry to provide its network of over 500 financial institutions with MasterCard’s NFC-based PayPass technology.
To learn more about mFoundry and MasterCard, watch mFoundry’s FinovateFall 2010 demo and MasterCard’s FinovateFall 2011 demo.
This morning at the BAI Retail Delivery conference, I met with Dan Schatt from PayPal to get the inside scoop on its financial innovations. Here’s what I found out:
1) It is introducing P2P payment capability with financial institutions. It is now live with USAA and will soon be developed for BancVue’s network of nearly 1300 community banks.
2) It has reached an agreement with mFoundry to bring mobile solutions that bring a native app experience to customers located all over the globe.
3) It has teamed with NCR and S1 to allow customers to send real-time P2P payments directly from ATMs to another individual with a PayPal account.
4) It is partnering with MeridianLink to allow new bank customers to fund their online bank accounts by transferring funds directly from their PayPal account.5) It has formed a relationship with ezRez Software that, starting next year, will allow consumers to use rewards points and travel miles as a “fluid currency” and deposit that money into their PayPal account. United Airlines customers will be the first to have access to this service through the MileagePlus program.
PayPal will be publishing the details about these exciting developments tomorrow, Thursday, October 13, and I will link to it here.
