Ping Identity

Finovate Alumni News– March 19, 2014

By David Penn Posted on
Categories: BlinkMobile Interactive, Float Money, ID Analytics, IntelliResponse, iQuantifi, Kabbage, Monitise, PayPal, Personal Capital, Ping Identity, ShopKeep POS, TradeKing
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPing Identity announces partnership with Courion.
  • Desert Schools FCU to deploy mobile banking platform from Monitise.
  • Blue Cross and Blue Shield of Kansas City to use virtual agent technology from IntelliResponse to respond to Affordable Care Act queries. See IntelliResponse demo at FinovateSpring in April.
  • ID Analytics launches new versions of its Transaction Protector and Transaction Advanced Intelligence products for eCommerce.
  • Upstart Business Journal looks at how Kathryn Petralia and Kabbage are rewriting the lending rules.
  • BlinkMobile Interactive signs first NZ Council deal.
  • Southern Alpha calls iQuantifi “a budget platform we actually like to use.”
  • Payment Source features Jason Richelson, founder of ShopKeep POS.
  • Bill Harris, Personal Capital CEO & former PayPal CEO discusses the future of PayPal on Bloomberg TV. See Harris demo Personal Capital’s latest development at FinovateSpring next month.
  • TradeKing earns four-stars in Barron’s online broker rankings for eighth consecutive year.
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– January 28, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, Blackhawk Network, Credit Sesame, Gremln, Kabbage, Mortgagebot, Ping Identity, Service2Media
  • DailyFinance looks at Kabbage’s “war” on banking.
  • Blackhawk Network powering Mobile Money by T-Mobile.
  • Credit Sesame launches mobile credit dashboard for easy credit and financial monitoring.
  • Actiance launches Alcatraz, a cloud-based archive that combines a focus on context with the traditional requirements of an email archive.
  • New York Bankers Association endorses Gremln.
  • Service2Media unveils version 4.4 of M2Active mobile app development platform.
  • Ping Identity CEO Andre Durand featured in Xconomy column on University of Colorado at Boulder’s New Venture Challenge program.
  • Be sure to check out the latest installment of our FinovateEurope 2014 Sneak Peek series.
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– January 9, 2014

By David Penn Posted on
Categories: CAN Capital, Kabbage, LendUp, Lighter Capital, Mortgage Harmony, Moven, Ping Identity, Xero
  • Thumbnail image for Finovate-F-Logo.jpgGartner’s Web Access Management Marketscope Report gives Ping Identity a positive rating.
  • Moven, LendUp, Kabbage, and Xero are featured in a Wall Street Journal article on alternative lenders and social media.
  • CAN Capital raises $33 million from Meritech Capital, Accel Partners.
  • PenFed is now offering Mortgage Harmony’s One Click rate reset protection.
  • Lighter Capital closes 39th financing with Influence Technologies.
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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Finovate Alumni News– December 23, 2013

By David Penn Posted on
Categories: Boku, Dashlane, Fiserv, Ping Identity, Zopa
  • Thumbnail image for Finovate-F-Logo.jpgCaixaBank taps Oracle for strategic Big Data project.
  • Boku announces partnership with SingTel to bring carrier billing-based mobile payments to Singapore.
  • Forbes profiles Ping Identity and its CEO Andre Durand.
  • The Sunday Times features peer-to-peer lender, Zopa.
  • Mobiliti from Fiserv named Top Customizable Solution in Javelin Strategy & Research Annual Mobile Banking Vendor Scorecard.
  • Fiserv’s Mobiliti platform received 4 Best in Class distinctions in CEB TowerGroup global mobile technology analysis.
  • Dashlane speaks Spanish, supports IE11, and more.
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– October 15, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Check, Comarch, Encap, Kabbage, Leaf, Manilla, Mint.com, PayPal, Ping Identity
  • Finovate-F-Logo.jpgPayPal partners with Revel systems for its physical POS device.
  • TechCrunch interviews Ping Identity Founder, Chairman, and CEO Andre Durand.
  • Comarch launches mobile business banking solution in the U.K.
  • Looking for an app to manage your money? USA Today suggests solutions from three Finovate alumni: Manilla, Mint, and Check.
  • StreetFight features Leaf among its list of 5 mobile payment platforms with integrated marketing solutions.
  • Encap announces partnership with ForgeRock to bring multifactor intelligent authentication to OpenAM.
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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Third Quarter 2013 Funding for Finovate Alumni — More than $171 Million Raised

By David Penn Posted on
Categories: Azimo, Check, ERN, FTRANS, Kofax, LearnVest, Lendio, Meniga, Moven, Narrative Science, Numbrs, P2BInvestor, Ping Identity, Prestadero, Prosper, SafetyPay, Socure, SumUp, Taulia, Wipit

bagofmoney.jpg

The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

Here is the Q3 summary for 2013:

July — More than $63 million raised by eight companies
August — More than $26 million raised by six companies
September — $82 million raised by nine companies
Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

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Finovate Alumni News– September 5, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Float Money, FutureAdvisor, Jemstep, LearnVest, MiiCard, Personal Capital, Ping Identity, Q2ebanking, Wealthfront, Wipit, Xero
  • Finovate-F-Logo.jpgThe Austin business Journal ranks Q2ebanking #29 of Austin-based Largest Private Companies.
  • City National partners with cloud accounting platform Xero.
  • Forrester Research names Ping Identity a leader in Identity and Access Management Suites, Q3 2013 report.
  • Allre and miiCard partner for First Complete Platform to Sell a Home Purely Online.
  • Wipit-powered Boost Mobile Wallet to provide Quick Check Service.
  • WSJ column takes a look at online investment advisors like Wealthfront, Personal Capital, Jemstep, and FutureAdvisor that use algorithms. Meet FutureAdvisor at FinovateFall in New York.
  • Float Money partners with credit reporting agency eCredable to offer consumers interest-free loans. See Float Money at FinovateFall in New York next week.
  • Finovate alums Betterment and LearnVest highlighted in Wall Street Journal column on innovations in the online investment advisory business. Watch LearnVest demo their technology next week at FinovateFall.
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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Fourteen Alums Recognized in AlwaysOn Global 250 Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, Cartera Commerce, Credit Karma, FlexScore, Kabbage, Lending Club, On Deck Capital, Ping Identity, Placecast, SecondMarket, Taulia, ThreatMetrix, Wonga, Yodlee

AOGlobal2503.jpg

This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2009
    • CEO: Ryan Gilbert
    • Total funding: $32.5 million
    • FinovateSpring 2011 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2006
    • CEO: Renaud Laplanche
    • Total funding: $220 million
    • FinovateStartup 2009 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 

    • Category: B2B Applications – Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: London, UK
    • Founded: 2007
    • CEO: Errol Damelin
    • Total funding: $145 million
    • FinovateFall 2010 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital

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    Ping Identity Pulls in $44 Million in Series F Funding for International Expansion

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Ping Identity

    PingIdentityLogo.jpg

    In the largest funding installment we’ve seen for a Finovate alumni this year, cloud identity management service Ping Identity pulled in $44 million in a Series F round, $29 million in equity and $15 million in debt according to Xconomy.

    The round was led by DFJ Growth and W Capital Partners– the latter will join Ping Identity’s board of directors. 

    PingHomepage.jpg

    Other investors include:

    • General Catalyst Partners
    • Draper Fisher Jurvetson
    • Avista Partners
    • Triangle Peak Partners
    • SAP Ventures 
    • Appian Ventures

    The debt financing was provided by Silicon Valley Bank.

    The company, which counts Boeing, BMW, and Chevron as clients, has received a total of $78 million in funding and plans to use this round to help it expand internationally.

    The Colorado-based company is considering filing for an IPO as early as 2014.

    To learn more about Ping Identity, watch its FinovateEurope 2012 demo.

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    Finovate Alumni News– June 19, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Arxan Technologies, Better ATM Services, Dwolla, eDeposit, Ixaris, Kashoo, LICUOS, mBank, Meniga, MicroStrategy, Personal Capital, Ping Identity, QuantConnect, Simple, Zopa
    • Finovate-F-Logo.jpgBRE Bank, operator of mBank launches “new mBank”, which is based on Meniga´s PFM.
    • U.S.-based life insurance carrier expands use of Kofax solutions by investing an additional $550k to automate document processing.
    • Personal Capital introduces new dashboard features.
    • Bank Innovation visits Dwolla’s new office in NYC.
    • The Next Web reports: Simple launches its Goals feature on the iPhone.
    • Ping Identity named in IDG’s Computerworld 2013 Best Places to Work in IT.
    • Zopa cuts personal loan rate to 4.9%.
    • QuantConnect adds FX, US equity tick data; raises capital.
    • MicroStrategy to partner with Hortonworks to improve Apache Hadoop usability.
    • ixaris shows off its new look and rebranding.
    • Web AppStorm reviews Kashoo’s cloud-based accounting technology.
    • eDeposit teams up with DoubleBeam to integrate mobile account enrollment and eCheck deposits into eDeposits mobile payment network.
    • LICUOS named a finalist in the Next Bank Madrid – Innotribe Startup Disrupt.
    • Fox Business News features Arxan CEO Mike Dager on mobile banking security.
    • Better ATM Services CEO Todd Nuttall talks about the “real lessons” from the Cyprus financial crisis.
    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– May 10, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Bolstr, Palo Alto Software, Ping Identity, QuantConnect, Virtual Piggy
    • Finovate-F-Logo.jpgPalo Alto Software and Ping Identity partner to provide single sign-on.
    • PC World features Virtual Piggy. Come see its live demo at FinovateSpring next week.
    • Bolstr launches in Chicago neighborhoods.
    • ForexThink takes a look at QuantConnect and the rise of algorithm-based trading.
    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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