Finovate Alumni News– August 12, 2013

  • FinovateLOGO.jpgTSYS announces support for Paynet’s “Great Migration to EMV” initiative.
  • Locaid CEO talks about verification services as a role for Location-as-a-Service companies.
  • Decisions management expert James Taylor reviews Yseop.
  • Former American Express Consumer Cards Services Group President Phillip Riese Joins peerTransfer Board of Directors.
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.

Second Quarter 2013 Funding for Finovate Alumni — More than $200 Million Raised

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For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

  • Q2 2013: 15 companies raised more than $200 million
  • Q1 2013: 15 companies raised more than $155 million — blog post
  • Q2 2012: 14 companies raised more than $120 million — blog post
Here’s the Q2 summary for 2013:

April — $32 million raised by two companies
May — $91.5 million raised by seven companies
June — $81.7 million raised by six companies

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*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 julie@finovate.com or david@finovate.com.

Finovate Alumni News– June 27, 2013

  • Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million.
  • Billhighway adds Cole County Residential Services as client.
  • MasterCard unveils Simply Commerce to help merchants accept electronic payments.
  • Newfination interviews Patrick Griffin, head of business development for OpenCoin.
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.

Big Week for Funding: Kony Solutions, peerTransfer, The Receivables Exchange Raise a Total of $34 Million

This week, three Finovate alums announced significant funding, totaling more than $34 million.

Kony.jpgKony: provides mobile app and multi-channel solutions

    • Amount: $18.3 million Series D
    • Investor: Telstra Ventures 
    • Funding purpose: Further expand into the Asia Pacific market, invest further in product development, marketing, sales and operations, and accelerate growth in the U.S.
    • Total Raised: $52.4 million
    • Founded: 2007
    • FinovateFall 2011 demo
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peerTransfer: provides solutions that lessen the cost of international student tuition payments 
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The Receivables Exchange, an online marketplace for buying and selling accounts receivables
    • Amount: $10 million
    • Investors: Bain Capital Ventures, Redpoint Ventures, Prism Ventureworks, and StarVest Partners
    • Funding purpose: Accelerate distribution of its Corporate Receivables Program, to invest in client-requested technology enhancements, and to plan for international expansion
    • Total Raised: $39.8 million
    • Founded: 2007
    • FinovateFall 2010 demo
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Finovate Alumni News– March 31, 2013

  • Finovate-F-Logo.jpgIDology launches photo ID scan & validation solution.
  • Aseanstartup reports: Big data becomes agile and beautiful with BellaDati.
  • BBC News features Nick Hungerford, Nutmeg CEO.
  • BusinessDating.com adds miiCard ID proofing for members.
  • ShopKeep POS iPad point of sale wins Red Herring Top 100 North America Award.
  • The WSJ features Personal Capital features Personal Capital and Jemstep.
  • The Economist looks at P2P lending through the eyes of Lending Club and Prosper.
  • peerTransfer adds 22 new payment methods from China and India.
  • Consumer Reports’ Money Minute takes a look at EyeVerify in a report on smart phone banking security.
  • ayondo offers spread betting for UK and Irish customers.
  • Four Finovate alumni featured in OBR crowdfunding report.
  • Founder and managing director of Mozo, Rohan Gamble interviewed by The CEO Magazine.
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 Alumni News– April 23, 2013

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  • Executive Magazine profiles TransferWise and talks Middle East expansion.
  • Reference Data Review takes a look at Fenergo’s efforts to make compliance easier and more efficient.
  • ACI Worldwide announces Universal Payments Platform.
  • TransferWise wins Estonia’s “Best E-Service” contest.
  • Joe Brancucci, CEO of GTE Financial joins Mortgage Harmony Advisory Board.
  • Keith Kelly, Mortgage Harmony CEO, awarded a Tech All-Star Award by Mortgage Banking Magazine. Check out Mortgage Harmony’s live demo at FinovateSpring.
  • Ping Identity named 2013 Top Workplace by The Denver Post for second consecutive year.
  • SecureKey named Top Growth Company in 2013 Branham300 list of Top 10 Growth Companies.
  • Global Security Services Company selects Kofax to automate accounts payable operations in Latin America. Check out Kofax at FinovateSpring.
  • ProfitStars wins 2013 Payments System Awards from NACHA – the Electronic Payments Association.
  • ACI Worldwide’s Architech Mobile Banking provides PFM, integrated bill payment and account-to-account transfers to iOS, Android smartphones.
  • Azimo wins SWIFT Innotribe challenge; advances to finals at Sibos 2013 in Dubai.
  • peerTransfer now serving more than 300 colleges and universities, has partnered with 48 new educational institutions during the first quarter of 2013.
  • Zooz closes $2 million Series A round led by XSeed Capital. See Zooz in action at FinovateSpring in May.
  • GeoComply and Locaid team up to bring geolocation services to mobile and Internet gaming industry. See Locaid demo at FinovateSpring in May.
  • Innov8social interviews Julia Streuli, head of communications for Bright Funds. Join Bright Funds in San Francisco for FinovateSpring.
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 Alumni News– January 24, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe WSJ looks at angel investing via SecondMarket.
  • BOKU announces mobile payments partnership with U.S. Cellular.
  • In 4Q 2012, peerTransfer partnered with 51 schools. Over 25% of international students in the U.S. can pay their education expenses using peerTransfer.
  • TSYS announces partnership with Priority Payment Systems.
  • Jim Offerdahl appointed as new Bazaarvoice CFO.
  • Credit Agricole is the first bank in Portugal to provide contactless cards.  See their demo at FinovateEurope in February!
  • Keynote offers free mobile testing via DeviceAnywhere.
  • American Banker reports: Iowa Bank Creates Digital Identities from Fingerprints & Photos using TASCET’s Financial ICONN software.
  • VentureBeat reports BBVA pools $100 million fund to invest in fintech startups. Come see BBVA’s live demo at FinovateEurope.
  • Credit.com announces “best balance transfer card” as part of Best Credit Cards in America series.
  • TrueOffice announces $3 million raised in Series A financing.  Catch their demo at FinovateEurope in February.
  • Access Development launches “Savings Across America” customer incentive product.
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 Alumni News– December 4, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker looks at how UMB is implementing Dynamics’ ePlate card technology.
  • peerTransfer rolls out international payment solution to the K-12 (kindergarten through twelfth grade) education market.
  • InComm Canada launches No-Fee Vanilla Prepaid Product Line.
  • The CUNA Technology Council presents MoneyDesktop with Best of Show Award at the 17th Annual CUNA Technology Council Conference.
  • Cachet Financial Solutions powers Simple’s Remote Deposit Capture.
  • STL Beacon reports SoMoLend blazes new funding path in St. Louis through loans.
  • Expensify launches new feature: Commercial Card Reconciliation.
  • Desert News reports Virtual Piggy helps parents control children’s online spending.
  • Prosper launches new data enhancements.
  • VentureBeat reports Equifax buying CSC’s credit-services biz for $1B in cash.
  • Banno partners with ProfitStars to offer remote deposit, integrated bill pay.
  • Thomson Reuters upgrades user interface, functionality for FX Matching platform.
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 Alumni News– November 13, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World’s top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada’s Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
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 Alumni News– October 24, 2012

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  • PayPal Starts Selling PayPal Here at AT&T Stores, Teams Up with MoneyGram.
  • Finextra reports Clear2Pay and Backbase join forces on customer experience.
  • Forbes looks at Dwolla’s business model.
  • Equifax partners with Lender Processing Services.
  • CU Insight covers DigitalMailer.
  • CNBC interviews Alastair Lukies, Monitise CEO and co-founder.
  • Xconomy lists peerTransfer as 1 of 5 startups to watch.
  • CU Broadcast chats with Mitek’s Daniel Simon.
  • American Banker features BankersLab’s CollectionLab.
  • peerTransfer First to Help Chinese International Students Pay in Renminbi.

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 Alumni News– July 30, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgVirtual Piggy integrates its youth payment system into Arbor Collective’s ecommerce operations.
  • AcceptEmail featured in The E-invoicing Market Guide 2012.
  • BOKU receives A+Trust rating from the Better Business Bureau.
  • Barnard College partners with peerTransfer to streamline international education payments.
  • Simple begins on-boarding customers, loses CTO Alex Payne.
  • Xero reaches 100k paying customers, discloses additional metrics.
  • Tinkoff Credit Systems launches new online banking on Backbase.
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 Alumni News– July 11, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKabbage to provide Monsoon Commerce customers $20 million in capital.
  • T8 Webware changes name to Banno.
  • Paul Farmer joins Silver Tail Systems as CFO.
  • BofA to provide Acculynk’s PaySecure to enable PIN debit payments online.
  • peerTransfer now supports Indian Rupee and 36 new partner schools.
  • Angry Birds creator selects Braintree’s payments platform.
  • Continuity Control reels in $2.25 million in funding.
  • CashStar receives $5 million in funding.
  • Farm Credit Services of Mid-America selects ProfitStars for ALM reporting.
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.