Higher One Acquires PayDivvy’s Social Bill Management Solution

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PayDivvy’s social bill management services will soon be available to college and university students on the Higher One platform.

That’s because Higher One, a tech services company for college campuses, has purchased PayDivvy’s software. Now that the year-long acquisition process is complete, Higher One will enable its client base of college students to split and track bills and share expenses using PayDivvy’s social bill management services. Terms of the acquisition were not disclosed.

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While the technology is well-suited for expense tracking and splitting among college roommates, Higher One has future plans to open the service to non-college students, in order to retain users after they graduate.

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PayDivvy’s founders, Mike Melby and Ray Tamblyn, have left to pursue other ventures, but the team of engineers at PayDivvy will still work with Higher One.

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

Alumni News — Week of May 23, 2011

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Backbase to host webinar on how to use social media in financial services Link

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  • Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
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Bill.com is working to improve its mobile offering for small and midsized businesses Link

Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link

Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link

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WiseBread Blog interviewed Credit Karma CEO Link

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  • doxo’s first fan video was posted online Link
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Dwolla

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MyBankTracker interviewed edo Interactive COO about its Prewards service Link

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Slate explained how Expensify will help the ‘frequent flier’ Link

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Kabbage
Technorati described how Kabbage works with eBay Link

Lending Club

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Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link

Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link

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Lodo Software was described as a startup providing jobs in the “Silicon Prairie” region, a.k.a. Omaha Link

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Monitise
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Mortgagebot reached 1000 clients, one of its goals from the beginning Link

PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link

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PayNearMe
BillShrink examined PayNearMe’s cash payment service Link

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Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link

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2MiniuteFinance toured RobotDough’s demo during interview at Finovate Spring Link

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Smarty Pig
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San Francisco Chronicle covered ThreatMetrix’s research around mobile transaction activity Link

TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link

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TradeKing
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Tyfone
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Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link

Wonga

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Xero

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  • Diversity Limited commented on Xero’s move to the US markets Link
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