peerTransfer

Alumni News– August 20, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cartera Commerce, CUneXus, Darwinex, Dwolla, Expensify, EyeVerify, Fiserv, ID Analytics, Kony Solutions, Mortgagebot, PayNearMe, PayPal, peerTransfer, Realty Mogul, Simple, ThreatMetrix, Venmo, Wallaby Financial, Zumigo
  • Finovate-F-Logo.jpgCUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.
  • With Simple’s 2.0 mobile app update, users can send paper check payments via mobile.
  • ID Analytics names Daniel Rawlings as Chief Revenue Officer.
  • Essent Guaranty offering lenders access to rate quotes through an interface with D+H’s MortgagebotLOS.
  • ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.
  • EyeVerify and Zumigo selected for Wells Fargo’s accelerator.
  • Expensify integrates with Uber’s API to launch SmartRides feature.
  • PayNearMe and SIMI partner to offer cash collection services to US government agencies.
  • Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.
  • PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.
  • Cartera Commerce unveils new website.
  • Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.
  • National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.
  • Forex Brokerz talks about the beta release of Darwinex’s social trading platform.
  • peerTransfer tops $1 billion in international education payments, announces 500th client.
  • Bloomberg.com features Venmo, Fiserv’s Popmoney, and Dwolla in column on Millennials and mobile payments.
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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Alumni News– August 13, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Coinbase, Diebiold, FutureAdvisor, Holvi, Leaf, Lending Club, LendUp, Pandai, peerTransfer, planwise, ReadyForZero, Silanis Technology, SmartAsset, TrueLink Financial, TrustEgg, WePay, Xero, ZenPayroll
  • Finovate-F-Logo.jpgNetbanker features 2012- 2013 fintech graduates from Y Combinator:  TrueLink Financial, Coinbase, and LendUp.
  • Netbanker features 2009- 2012 fintech graduates from Y Combinator: ZenPayroll, SmartAsset, TrustEgg, FutureAdvisor, ReadyForZero, and WePay.
  • American Banker considers how Diebold is leading the way on the branch of the future.
  • peerTransfer surpasses 500 clients, while processing over $1 billion in international payments.
  • Heartland Payment Systems buys out remaining shareholders of tablet software and hardware startup, Leaf.
  • ACI Worldwide announces completion of ReD acquisition.
  • Lending Club mentioned in HBR Blog’s look at how new lending technology can help small businesses.
  • Silanis Technology partners with loan management software specialist Calyx Software. See Silanis at FinovateFall 2014 in September.
  • planwise teams up with Informa Research Services to launch plug-and-play search tool of real estate agents and brokerages.
  • NextAdvisor column in HuffPo highlights LendUp as alternative loan option for the underbanked.
  • Pandai announces joint cooperation with China and Hollard to leverage their experience in the loan insurance market.
  • Xero and Square partner to sync Square transactions and give a business a view of their finances. See Xero present at FinDEVr. 
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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Alumni News– July 16, 2014

By David Penn Posted on
Categories: Coinbase, Dwolla, Jack Henry, Lendio, MasterCard, mBank, Micronotes, peerTransfer, Xero, Zooz
  • Finovate-F-Logo.jpgpeerTransfer and Nelnet expand partnership, enhancing international payment options for educational institutions.
  • Xero MD Chris Ridd featured on Qantas radio. Check out Xero at FinDEVr, the first event for fintech developers.
  • Micronotes releases Mobile-SMS to automate the referral process through the mobile SMS channel to drive more sales.
  • Lendio launches program for brokers that helps more SMBs find financing by giving brokers and ISOs access to Lendio’s lending options.
  • New app from The Members Group alerts Google Glass wearers if a Dwolla-accepting merchant is nearby.
  • mBank deploys authentication technology from HID Global.
  • Jack Henry launches jhaEnterprise Workflow solution.
  • Coinbase integration brings bitcoin payments to Shopify merchants.
  • Zooz raises $12 million in round led by Blumberg Capital.
  • MasterCard’s MasterPass to enable in-app payments by August.
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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Alumni News– June 12, 2014

By David Penn Posted on
Categories: ID Analytics, Monitise, peerTransfer, Q2ebanking, Zopa
  • Finovate-F-Logo.jpgAmerican Banker: Monitise launches Monitise Create, its mobile app design arm, in North America.
  • Zopa has now funded over 100k loans for UK borrowers. Its 52k active lenders have made 27.9 million loans since 2005.
  • ID Analytics to enhance products by incorporating Mattersight’s speech and behavioral analytics technology.
  • First Financial Bank to use Q2’s digital banking platform to connect local businesses to bank clients.
  • peerTransfer now supports currencies from over 95 countries at more than 475 institutions across the US, Europe, Canada, and Australia.
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 Alums Raise $600 Million in First Quarter of 2014

By David Penn Posted on
Categories: Azimo, BankBazaar, Birdback, CAN Capital, Credit Karma, Doxo, Kantox, Kapitall, Kensho, Klarna, On Deck Capital, PayNearMe, Payoneer, peerTransfer, Realty Mogul, Red Zebra, SmartAsset, SocietyOne, Spreedly, ThreatMetrix, Tradeshift, ZenPayroll, Zopa

FinovateFundingIMG.jpg

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.
Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million. 
But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.
Total raised = More than $592 million
January — $91 million raised by seven companies
February — $139 million raised by seven companies
March — $362 million raised by nine companies
Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

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Finovate Alumni News– January 16, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Doxo, ID Analytics, Jack Henry, peerTransfer, TSYS
  • Finovate-F-Logo.jpgID Analytics names George Gelly Chief Product Officer.
  • Doxo reviews 2013: hits 1 million users mark, achieves 3 to 6x growth in every region of U.S.
  • Northeast Bank to deploy Jack Henry Banking’s SilverLake System core processing platform.
  • TSYS to launch Authorization Controls for credit and debit cardholders.
  • University Business Magazine names peerTransfer a Top Product of 2013.
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 Raise $825 Million in 2013, Up 79%

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, Apprenda, Azimo, Bill.com, BillFloat, Cardlytics, Check, Clover Network, CoverHound, Credit Karma, CurrencyFair, DeviceFidelity, Doxo, Dwolla, ERN, Fenergo, FinanceIt, Flint Mobile, FTRANS, Funding, Heckyl Technologies, Jemstep, Kofax, Kony Solutions, LearnVest, Lendio, LendUp, Meniga, Moven, Narrative Science, Numbrs, On Deck Capital, OpenCoin, P2BInvestor, Payfone, PayNearMe, peerTransfer, Personal Capital, Ping Identity, Prestadero, Prosper, Q2ebanking, Receivables Exchange, SafetyPay, SeedInvest, Socure, SoMoLend, Spreedly, SumUp, Swipely, Taulia, TradeHero, Tradeshift, TransferWise, True Office, Trustev, Tuition.io, Wealthfront, Wipit, Xero, Zooz

FinovateFundingIMG.jpg

Cheers to a new year! After ringing in 2014, we wanted take a look back at the capital raised by Finovate alumni in 2013. It was quite a year, with alums pulling in $825 million, $365 million more than in 2012 for an increase of about 80%.
2013 funding summary:
    • 62 companies raised $825 million
    • Q4 had the most capital, with a total of $294 million raised by 17 companies (more than half by Xero, which landed $150 million). 
    • October was the busiest month, with $177 million raised (mostly Xero’s $150 million)
    • May was second highest with $91 million raised by 7 companies
2012 comparison
Last year Finovate alums took in almost twice as much as 2012, when 44 Finovate alums collectively raised $460 million. The chart below shows the quarter-by-quarter comparison for both years.
2013YearEndTable.jpg
Quarter 1 — blog post
More than $155 million raised by 14 companies
January — $57 million raised by 6 companies
February — $56 million raised by 5 companies

March — $42 million raised by 4 companies


Quarter 2 — blog post
More than $205 million raised by 15 companies
June — $81.7 million raised by 6 companies
May — $91.5 million raised by 7 companies
April — $32 million raised by 2 companies

Quarter 3 — blog post
More than $171 million raised by 22 companies

July — More than $63 million raised by 8 companies
August — More than $26 million raised by 6 companies
September — $82 million raised by 9 companies
Quarter 4
More than $294 million raised by 17 companies

October— $177 raised by 6 companies
November — More than $87 million raised by 7 companies
December — More than $30 million raised by 6 companies

Note: Funding that companies received before they first appeared at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

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peerTransfer Announces Another $6 Million Investment, New CEO

By David Penn Posted on
Categories: peerTransfer

Thumbnail image for Peertransferlogo.jpg

What’s better than raising more than $6 million in June?

Raising another $6 million and change in December.

In a series B round including both new and existing investors, international tuition payment specialist peerTransfer announced that it had followed up its mid-summer fundraising effort with an equally successful $6.2 million raised in late December. 

Participating in the round were new investor Devonshire Investors, and existing investors FIDES, Kibo Ventures, Spark Capital, and QED Investors. With more than $12 million raised in 2013, peerTransfer’s total capital now stands at more than $21 million.
peertransfer_homepage.jpg
peerTransfer also announced that it was promoting VP of Sales and Marketing, Mike Massaro to CEO. Founder Ike Marcaide will leave the CEO post to focus on strategic initiatives for the company.
A specialist in peer-to-peer international remittance, peerTransfer has distinguished itself by providing a streamlined international payment solution for schools and their international students. peerTransfer supports more than 45 currencies and accepts payments from 190 different countries around the world.
The company also recently announced a record-setting 2013, with its total customer base climbing to 400 colleges, universities, and other educational institutions.
Based in Boston and founded in 2009, peerTransfer demoed its tuition payment solution, peerTransfer Education, at FinovateSpring 2011 in San Francisco. Watch the company in action here.

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Finovate Alumni News– January 2, 2014

By David Penn Posted on
Categories: Doxo, Lending Club, Manilla, peerTransfer
  • Lending Club announces more than 144,000 loans valued at more than $2B processed in 2013.
  • AARP Blog highlights Manilla among its list of “6 mobile apps to help you get organized.”
  • doxo announces $3.5 million in new funding.
  • peerTransfer reports another $6 million investment and a new CEO
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– December 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Allied Payment Network, ayondo, CR2, findabetterbank.com, Finovera, FIS, Fiserv, Jemstep, Klarna, PaySimple, peerTransfer, planwise, SigFig, Tradeshift, Trustev
  • Finovate-F-Logo.jpgThe Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.
  • peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.
  • Tradeshift brings in $15 million of a $57 million equity round.
  • Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.
  • Business2Community features PaySimple.
  • Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.
  • Klarna acquires Sofort to become 10% of Europe’s $100 billion e-commerce market.
  • Les Muma, former Fiserv CEO, to join board of directors of FIS.
  • UAE’s Bank of Sharjah to offer CR2’s BankWorld-powered mobile banking app.
  • ayondo announces new features including open positions in profile view.
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– September 30, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Azimo, eDeposit, Geezeo, Manilla, peerTransfer, Taulia
  • Taulia announces its Supplier Assurance Initiative, designed to provide services to customers and suppliers within Xign’s buyer network.
  • Upstart Business Journal features peerTransfer.
  • Azimo announces $1 million seed round for European expansion.
  • ACI Worldwide launches ACI Bill Presentment Services to ease adoption of electronic billing and invoicing.
  • Bank Innovation takes a look at Manila’s AOL Bill Manager.
  • eDeposit announces that it is now a fully licensed money transmitter in all 50 states.
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– September 26, 2013

By David Penn Posted on
Categories: Billhighway, Braintree, Finovera, Google, Lendio, MasterCard, MiiCard, PayPal, peerTransfer, SecondMarket
Finovate-F-Logo.jpg

  • 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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