PayNearMe Archives - Page 8 of 10

PayNearMe Launches White-Label Offering

By Julie Muhn (@julieschicktanz) Posted on May 15, 2013
Categories: FinovateSpring 2013, PayNearMe

This is a part of our live coverage of FinovateSpring 2013.

Second up this afternoon, PayNearMe launched a white-label offering of its cash-payment service for the underbanked:

“Powered by PayNearMe is a white-label treasure services product that any financial institution can offer to their merchants to enable them to accept cash payments from consumers at thousands of 7-Eleven and ACE Cash Express stores nationwide.”

Product Launch: May 2013

HQ: Sunnyvale, CA

Founded: May 2009

Website: paynearme.com

Twitter: @paynearme

Presenting Danny Shader (CEO & Founder) and John Minor (VP Product Management)

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– May 7, 2013

By Julie Muhn (@julieschicktanz) Posted on May 7, 2013
Categories: CashStar, Expensify, Kabbage, Kalixa, Kashoo, PayNearMe

Expensify adds corporate card reconciliation for more banks, including Wells BofA, and Citi. See Expensify’s demo at FinovateSpring.

Forbes interviews Marc Gorlin, co-founder of Kabbage. See Kabbage’s new tech next week at FinovateSpring.

PayNearMe hires Billy Robbins, former VP of PFM at Wells, as its VP of business development. Come see PayNearMe’s demo at Finovate.

Kashoo tops 100,000 registered users and more than 50,000 iPad downloads of its cloud accounting app.

PaymentsSource interviews CashStar chief marketing officer Gene Cornfield on mobile commerce.

Kalixa to become its own company, separating from Bwin.

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.

Share this:

Send Post Twitter LinkedIn Facebook

First Quarter 2013 Funding for Finovate Alumni– More Than $150 Million Raised

By Julie Muhn (@julieschicktanz) Posted on April 8, 2013
Categories: Affinity Solutions, Azimo, BillFloat, Clover Network, CoverHound, DeviceFidelity, On Deck Capital, PayNearMe, Prosper, Q2ebanking, SoMoLend, True Office, Tuition.io, Wealthfront

This quarter, both January and Feburary funding exceeded $50 million. Most of February’s funding can be attributed to On Deck Capital’s $42 million round.

Over three months, 15 companies raised more than $155 million, This is very similar to last year’s first quarter funding* when we saw a total of 11 companies raise more than $150 million.

Here’s the Q1 summary for 2013:

January — $57 million raised by 6 companies

Azimo: $480,000 — blog post
BillFloat: $21 million — blog post
Clover: $3 million — blog post
PayNearMe: $10 million — blog post
Prosper: $20 million– blog post
True Office: $3 million — blog post

February — $56 million raised by 5 companies

Affinity Solutions: $6.75 million — blog post
CoverHound: $5.5 million — blog post
DeviceFidelity: $1 million debt financing — blog post
On Deck Capital: $42 million — blog post
Tuition.io: $1 million — blog post

March — $42 million raised by 4 companies

DeviceFidelity: $470,000 — blog post
SoMoLend: $2 million — blog post
Q2ebanking: $20 million — blog post
Wealthfront (formerly KaChing): $20 million — blog post

___________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at [email protected] or [email protected].

Share this:

Send Post Twitter LinkedIn Facebook

Nineteen Finovate Alums Win 2013 PYMNTS.com Innovator Awards

By Julie Muhn (@julieschicktanz) Posted on April 1, 2013
Categories: Bill.com, BillFloat, Braintree, Capital Access Network, Credit Karma, Intuit, IP Commerce, Kabbage, Leaf, Lending Club, Mitek, MoneyDesktop, OneID, Pangea Payments, PayNearMe, PayPal, PaySimple, Simple, Waspit

PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards.

Three Finovate alums were selected as overall Best in Show winners:

First place: Pangea Payments

Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

Second place: Waspit

Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
Finovate demo: FinovateFall 2012

Third place: Leaf

Description: Small business payments solution
Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners:

Gold

PayPal

Category: Most innovative
Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
Finovate demo: FinovateEurope 2012

Credit Karma

Category: Best credit
Innovation: The consumer’s advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
Finovate demo: FinovateStartup 2009

Kabbage

Category: Best B2B innovation
Innovation: Online working capital for small businesses.
Finovate demo: FinovateEurope 2013

Intuit

Category: Best SMB innovation
Innovation: Small business payment platform integrated with Quickbooks.
Finovate demo: Finovate 2009

Bill.com

Category: Best innovation via ACH
Innovation: Cash flow management, accounts payable/ receivable management platform
Finovate demo: FinovateSpring 2011

Silver

IP Commerce

Category: Most invisible
Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
Finovate demo: FinovateSpring 2012

BillFloat

Category: Best credit
Innovation: Offers consumers “more time to pay” their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
Finovate demo: FinovateSpring 2011

PayNearMe

Category: Best cash
Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
Finovate demo: FinovateSpring 2011

PaySimple

Category: Best SMB innovation
Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
Finovate demo: FinovateSpring 2012

Capital Access Network

Category: Best comeback
Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
Finovate demo: FinovateEurope 2011

Bronze

Braintree

Category: Most disruptive
Innovation: Mobile checkout service that enables one touch payments across multiple applications.
Finovate demo: FinovateSpring 2011

OneID

Category: Best technology
Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today’s biggest identity and personal information threats.
Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

MoneyDesktop

Category: Best newcomer
Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
Finovate demo: FinovateSpring 2012

Lending Club

Category: Best credit
Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
Finovate demo: Finovate Startup 2009

Simple

Category: Best debit
Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
Finovate demo: FinovateFall 2011

Pangea

Category: Best prepaid
Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

Mitek

Category: Best check
Innovation: Mitek’s patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the “gold standard” for mobile check deposit.
Finovate demo: FinovateSpr
ing 2012

Share this:

Send Post Twitter LinkedIn Facebook

PayNearMe Raises $10 Million in Series D Funding, Launches Express Merchant On-Boarding Option

By Julie Muhn (@julieschicktanz) Posted on January 22, 2013
Categories: PayNearMe

Today, cash payment network PayNearMe announced a $10 million round of funding along with the launch of a self-service Express option for merchants.

Funding
August Capital led the $10 million Series D round, bringing the company’s total funding to $30 million. Existing investors Khosla Ventures, Maveron, and True Ventures also participated.

Express option
The new Express option for merchants is offered alongside Pro and Custom accounts that each provide different levels of service, including API access and receipt customization, as seen in the chart below.

Along with a lower price tag, the Express option also benefits merchants by requiring less backend integration, so they can begin using the service in less than an hour without the help of IT staff. Setup requires banking information and unique data about each customer, such as customer number and address.

The new Express option opens the possibility for PayNearMe to serve a large number of small merchant accounts, as opposed to just a handful of large accounts, such as existing clients Greyhound and H&R Block.

2013 plans
From 2011 to 2012, the San Francisco-based company tripled its volume. BetaKit adds that, for 2013, PayNearMe plans to expand beyond its 7,000 7-Eleven stores and 1,600 ACE Cash Express stores to add more partner retailers, likely more convenience stores. Also, it aims to support more small, ecommerce retailers.

To learn more about PayNearMe, watch its FinovateFall 2011 demo.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– October 29, 2012

By Julie Muhn (@julieschicktanz) Posted on October 29, 2012
Categories: DemystData, Diversinet, FreeMonee, Mortgagebot, Nutmeg, PayNearMe, PayPal, SoMoLend, Stocktwits, Yodlee

Diversinet upgrades mobile health security platform.

Forbes reports: FreeMonee Makes Gift Incentives Pay.

Killer Startups interviews Nick Hungerford, Nutmeg CEO.

DemystData blogs about what it will show in Singapore at FinovateAsia next week. Come to see its latest tech on Nov. 6.

Crowdsourcing.org interviews Candace Klein, CEO of SoMoLend.

Business Insider reports: PayNearMe has beaten PayPal to the cash market.

Programmable Web spotlights Yodlee’s API.

ChartIQ integrates With StockTwits Unveiling First-of-Its-Kind Social Stock Charting iPad App.

Online mortgage applications continue to soar as Mortgagebot clients’ loan volume advances toward 1 million mark.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– October 22, 2012

By Julie Muhn (@julieschicktanz) Posted on October 22, 2012
Categories: Credit Sesame, Dynamics, Equifax, Expensify, HelloWallet, Kapitall, Manilla, PayNearMe, SecureKey, Stockr

Expensify freshens up UI.

Equifax announces Spectrum Verification Services Platform, which helps verification through underwriting, QA & closing.

Credit Sesame blog features Manilla as a way to digitize finances.

Dynamics to nationally launch ePlate credit card device tomorrow via live webcast with 30+ payment apps.

Investment News reports Stockr offers social-media site for those passionate about stocks.

Dell publishes case study on SecureKey.

HelloWallet updates web app with bulk edit transactions, auto categorization, & re-organizing action steps.

VentureBeat explains how Kapitall gamifies stock trading.

Tenants Can Now Pay Rent Using Cash with PayNearMe’s Cash-Payment Solution.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Tenants Can Now Pay Rent Using Cash with PayNearMe’s Cash-Payment Solution

By Julie Muhn (@julieschicktanz) Posted on October 19, 2012
Categories: PayNearMe

Earlier this week, cash-payment platform PayNearMe partnered with property management software company, AppFolio, to allow tenants to pay their rent in cash.

AppFolio’s software will provide another payment option for unbanked, underbanked, and cash-preferred individuals to pay rent online with cash by using a printed bar code or a bar code on their smartphone that they can take into a local, brick-and-mortar 7-Eleven store.

According to CEO Danny Shader, 20% of rent payments are made using cash or money order, so this was a logical move for the California-based company.

To learn more about PayNearMe, watch its FinovateFall 2011 demo.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– July 10, 2012

By Julie Muhn (@julieschicktanz) Posted on July 10, 2012
Categories: BancBox, Cachet Financial Solutions, Diversinet, Fiserv, Lending Club, Mitek, MOOTWIN, PayNearMe, Portfolio Football, Q2ebanking, Wall Street Survivor, Zopa

Binary Now begins accepting PayNearMe payments from customers without credit card.

Mootwin drives BNP Paribas Group’s new iPad economic news app.

Mitek hires former Green Dot CTO, Michael Strange, as CTO.

Fiserv appoints Dennis Lynch to Board of Directors.

Startupme.me features BancBox.

Diversinet appoints Bret Jorgensen as Chairman of the Board.

Tradestreaming names Wall Street Survivor app of the week.

Cachet Financial launches Merchant RDC Tablet Solution.

Lending Club wins AlwaysOn Global 250 Award for third consecutive year.

Wiltshire business looks at positive returns from Zopa.

Q2ebanking opens office in Atlanta to support growth.

2 Minute Finance gets a demo from Portfolio Football.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– April 30, 2012

By Julie Muhn (@julieschicktanz) Posted on April 30, 2012
Categories: Aptys Solutions, eToro, Hidden Levers, inStream Solutions, Keynote DeviceAnywhere, Lending Club, Pageonce, PayNearMe, Prosper, SoMoLend, Virtual Piggy

Netbanker features PayNearMe’s mobile app.

Fanlala and Virtual Piggy ink deal to provide secure online payments for U- 18 users. Come see Virtual Piggy at FinovateSpring next week.

Finextra reports United Bankers’ Bank implements Aptys’ data archiving system.

Hidden Levers is now easier to use with client portfolios thanks to TD’s open API initiative.

SoMoLend explains how it will position itself in light of the JOBS act. See its live demo at FinovateSpring next week.

Bank Innovation reports Pageonce will launch P2P payments functionality later this year.

Lucrative Lending compares Prosper & Lending Club returns.

Keynote DeviceAnywhere announces collaboration to give developers remote access to real devices from Sprint’s handsets.

Washington Business Journal features inStream Solutions.

eToro is named a winner of Red Herring 100 Award.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 29, 2012

By Julie Muhn (@julieschicktanz) Posted on March 29, 2012
Categories: Cartera Commerce, Currensee, LearnVest, Lending Club, Outright.com, PayNearMe, PayPal, Plastyc, Prosper, ReadyForZero, Striata

Cartera Commerce launches OfferLink rewards solution for local businesses.

MyBankTracker features PayNearMe and shares how to pay your utility bill at 7-Eleven.

American Banker shares how Plastyc is 1 of 3 prepaid card providers to adopt or test a disclosure box to inform consumers of fees.

ReadyForZero launches its Facebook timeline.

Investment News profiles Currensee.

LearnVest launches a tool to help decide if you should outsource a task or do it yourself.

Forbes describes how Lending Club and Prosper have opened up the consumer debt market.

VentureBeat shares how Outright can assist during tax season.

Striata partners with IHS Telekom to bring eBilling to Turkey.

David Marcus named President of PayPal.

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.

Share this:

Send Post Twitter LinkedIn Facebook