Alumni News– November 24, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGoldman Sachs announces investment in Kensho, becomes platform’s largest strategic investor.
  • Acculynk launches strategic partnership with PayPlum, announces acquisition of company’s intellectual property.
  • The Economist cites Comarch in its review of Polish companies succeeding internationally.
  • Leaf CEO Sarah McCrary talks mobile payments in panel discussion on Foodable WebTV.
  • Invests.com features Azimo in column on online money transfer companies.
  • Finovate DebutsBlueVine.
  • Nasdaq.com examines PayPal’s place in the mobile payments wave.
  • Forbes looks at how PayNearMe helps the underbanked.
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.

Alumni News– November 19, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgeFLOW Crowdbridge from Top Image Systems voted one of the three best ECM Solutions for 2014.
  • Technocular interviews WePay founder and CEO, Bill Clerico.
  • Allied Payment Network launches its new small business payments solution, BizPay.
  • Kapitall and Motif Investing both referenced in Investment News column on data visualization.
  • Kahuna Payment Solutions chooses e-SignLive by Silanis, bringing e-signatures into its lending platform for retailers.
  • Syd Youth partners with CSI globalVcard to promote Spend Secure.
  • Banking 20/20 interviews EyeVerify EVP of Global Sales & Marketing, Chris Barnett.
  • Silicon Republic features Fenergo software developer, Marcio Duarte.
  • Business Insider reviews FutureAdvisor.
  • Credit Sesame wins IMA Outstanding Achievement Award in Financial Services.
  • FinovateEurope 2015 Presenting Companies Revealed. Get Your Ticket this Week for Very Early Bird Pricing!.
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.

Alumni News– October 24, 2014

  • Smarty Pig featured in Washington Post column on ways to save on holiday gift shopping.
  • Wealth Management.com talks with Motif Investing CEO Hardeep Walia on tech trends in the financial services industry.
  • TransferWise and CurrencyFair are highlighted in Forbes review of ways to save on foreign currency exchange.
  • Bob’s Guide profiles cloud-based market data provider, Xignite.
  • Technology Tools for Today interviews Tom Nally, president of TD Ameritrade Institutional.
  • Pymnts interviews EVO Snap* CEO Peter Osberg about Apple Pay.
  • Fitsmallbusiness.com highlights OnDeck, PayPal, & other Finovate alums as small business lending innovators.
  • D3 Banking brings in $7 million, with $3 million more on the way.
  • ABA Banking Journal looks at Karrot, the automated online lending service demoed by Kabbage last month at FinovateFall 2014.
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.

Alumni News– October 16, 2014

  • Finovate-F-Logo.jpgFidelity to offer Betterment to 3,000 financial advisers who use its institutional wealth services division.
  • Lending Club named winner of The Economist’s annual Innovation Awards in the consumer products category.
  • TechCrunch reports: Sequoia-Backed Behalf Buys Stuff For Small Businesses Looking To Grow.
  • ReadyForZero PLUS Credit now shows credit scoring factors.
  • FT column on technology and banking features PhotoPay.
  • Pando Daily takes a look at Quantopian’s plan to launch a hedge fund.
  • Jumio teams up with Ribbit.me to build ID verification process for RibbitRewards marketplace.
  • Motif Investing iOS app adds account access with Apple TouchID.
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.

Alumni News– August 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSan Antonio Federal Credit Union to integrate Geezeo PFM technology.
  • On Deck partners with Worldpay to provide access to financing for small and medium-sized merchants.
  • PaymentsSource features Dynamics ePlate among its list of “7 unusual emerging payments technologies.”
  • Top Image Systems announces patent for full page mobile image processing.
  • The New York Times profiles Financial Guard, Motif, Betterment, FutureAdvisor, Jemstep, SigFig and Wealthfront .
  • InStream Solutions launches comparison tool.
  • Moven expands internationally, signs deal with New Zealand-based Westpac.
  • HuffPo profiles Prosper, Lending Club, and Kabbage in column on the rise of online lending.
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.

Alumni News– August 15, 2014

  • Credit.com releases new version of its iPhone mobile app.
  • Pymnts: EBay in talks to accept Bitcoin through its Braintree unit.
  • Pymnts compares DoubleBeam to the Merchant Customer Exchange.
  • GoBank now holds mobile check deposits for less than 10 days.
  • Forbes features multiple Finovate financial management and wealth planning alums: LearnVest, Personal Capital, FutureAdvisor, SigFig, Wealthfront, Betterment, Motif, and Kapitall.
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.

Alumni News– August 11, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMisys announces acquisition of Custom Credit Systems.
  • Wipit brings omni-payment functionality to its prepaid cash mobile wallet.
  • LendUp partners with MoneyGram to enable real-time offline loan repay.
  • Barclays Pingit adds eGift options through Blackhawk Network partnership.
  • WSJ reports how Wealthfront, Betterment, Future Advisor, Personal Capital, and Motif are changing the investment landscape.
  • Wired UK Magazine lists BehavioSec as one of Euorpe’s hottest startups. See BehavioSec at FinDEVr this September 30 through October 1.
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.

Alumni News– August 6, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYahoo! Germany looks at financial innovation in Kreditech.
  • Prosper earns a spot on the 2014 AlwaysOn Global 250 Top Private Companies roster.
  • Feedzai launches anti-fraud, transaction scoring apps for Shopify and Big Commerce.
  • Forbes.com features Betterment, FutureAdvisor, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, and Wealthfront in a discussion on Millennial generation investment habits.
  • Richard Hagen, CEO of TradeKing Advisors, named to WealthManagement.com’s “Ten to Watch in 2015”.
  • Insuritas announces partnership with Financial Partners CU to open and manage its turnkey insurance solution.
  • Bank Innovation highlights alums SigFig and Ripple in a discussion on “8 under the radar fintech startups you should know.”
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.

Alumni News– August 6, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYahoo! Germany looks at financial innovation in Kreditech.
  • Prosper earns a spot on the 2014 AlwaysOn Global 250 Top Private Companies roster.
  • Feedzai launches anti-fraud, transaction scoring apps for Shopify and Big Commerce.
  • Forbes.com features Betterment, FutureAdvisor, Kapitall, LearnVest, Motif Investing, Personal Capital, SigFig, and Wealthfront in a discussion on Millennial generation investment habits.
  • Richard Hagen, CEO of TradeKing Advisors, named to WealthManagement.com’s “Ten to Watch in 2015”.
  • Insuritas announces partnership with Financial Partners CU to open and manage its turnkey insurance solution.
  • Bank Innovation highlights alums SigFig and Ripple in a discussion on “8 under the radar fintech startups you should know.”
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.

Finovate Alums Raise More than $600 Million for Second Quarter in a Row

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In the first quarter of 2014, 23 Finovate alums raised more than $592 million

And as the second quarter draws to a close, it’s clear that a comparable cohort of alums have kept the pace.

Over the course April, May, and June, 28 alums raised significant amounts of capital ranging from Gremln’s $100,000 to the $65 million raised by Lending Club. The quarterly total of $594 million is almost exactly the same as the previous quarter.

And given that some amounts are undisclosed (I’m talking about you, Holvi, RevolutionCredit, and Tuition.io), we’re confident that Finovate alums have notched their second $600 million fund-raising quarter in a row.
How does this compare with the less recent past? Very well, indeed. 
In the second quarter of 2013, 15 alums raised more than $200 million. This was a major improvement on the second quarter from 2012, which featured 14 companies raising more than $120 million. 
Total raised for Q2 2014 = $594 million
April — $217 million raised by 11 companies
May —  $226 million raised by 11 companies
June — $151 million raised by six companies

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@Finovate.com or Julie@Finovate.com

Alumni News– June 18, 2014

  • Finovate-F-Logo.jpgThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.
  • Kony brings in $50 Million in Financing Led by SoftBank Capital.
  • Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.
  • Umpqua Bank announces plans to transition to a scalable core solution from FIS.
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.

Eight Alums Earn Spots on CNBC’s Disruptor 50

Eight Alums Earn Spots on CNBC’s Disruptor 50
CNBC_Disruptor_50_logo

Hats off to eight Finovate alumni for winning spots on CNBC’s Disruptor 50.

2014 marks the second year of CNBC’s Disruptor 50 list. The selection credits companies for being “forward-thinking” and working to discover untapped markets en route to becoming “billion-dollar businesses.” Read more about CNBC’s selection methodology here.
CNBC’s David Spiegel wrote: 
“All of these companies entered traditional sectors and turned them upside down … It’s the power of a company to displace the established incumbents in its own industry, prompting a ripple effect throughout its economic ecosystem.”

See CNBCs inaugural Disruptor 50 here. The 2013 list included alums boku, CircleUp, Lending Club, and Wealthfront.