Finovate Alumni News — February 19, 2013

  • Thumbnail image for Finovate-F-Logo.jpgRescuecom highlights TransferWise as low cost, currency conversion option.
  • Acculynk‘s Payzur brings person-to-person payments to consumers on PULSE debit/ATM network.
  • Compass Plus helps Russian-based FI SwitchMaster reach processing benchmark.
  • ekmPowershop announces partnership with EZBOB.
  • American Banker reports: Planwise to Participate in Yodlee’s Incubator Program.
  • BillHighway hires new CFO.
  • Arroweye Solutions reports 40% growth due to 175% uptick in open loop card production, added 27 new clients in 2012.
  • Bill.com to provide Frantopia with accounting services.
  • Prosper unveils new protection for lenders.
  • The Next Web reports: Tradeshift adds support for accounting services Sage and Kashflow, helping businesses get paid.
  • Forbes considers how SoMoLend provides capital to small businesses.
  • VentureBeat reports SecondMarket is partnering with CircleUp to allow investors to invest in up-and-coming consumer product businesses.
  • Thomaston Savings Bank selects Q2ebanking’s full suite of ebanking solutions.
  • HiddenLevers launches portfolio stress testing app to help advisors generate leads.
  • Fiserv awarded Best-in-Class rating in 2012 Anti-Money Laundering Technology Review.
  • Gifting app Wrapp selects Braintree to power payments.
  • Pageonce adds person-to-person payment functionality to mobile app.
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.

Planwise and ReadyForZero Partner to Promote Debt Management as Part of Personal Finances

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PFM platform, planwise and debt management solution, ReadyForZero announced a partnership today.

As a part of the partnership, planwise is featuring ReadyForZero in its Products section (see screenshot below).

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ReadyForZero’s services are advertised to planwise users who indicate they hold debt. When I tested the product this morning, the ReadyForZero product option was offered only when I indicated I owed a balance on a loan or credit card.

pwiseRFZAlert.jpgplanwiseRFZ.jpg

The two San Francisco-based startups have not disclosed the terms of the partnership.

To learn more about planwise and ReadyForZero, watch planwise’s FinovateFall 2011 demo and ReadyForZero’s FinovateFall 2011 demo.

Finovate Alumni News– January 3, 2013

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  • Internet Marketing For Small Business likes how Flint leverages the camera for mobile payments.
  • Lithium Knowledge Center shares tips on configuring Klarna.
  • Entrepreneur interviews Jason Richelson, founder of New York-based ShopKeep POS, a cloud-based system.
  • Clover raises $3.3 million from undisclosed investors.
  • Tuition.io exits private beta, aims to make student loan management easier.
  • The Boston Globe takes a look at Tom Leighton, the new CEO at Akamai.
  • Techie Insider looks at how PayPal mobile payments can benefit your church.

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.

2012 Funding for Finovate Alumni– More than $450 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January — $25 million raised by 3 companies
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 com
panies
ActivePath: $10 million — blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

Planwise Releases First Mobile App

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PFM platform planwise recently launched an iPad app; its first move into the mobile environment. We tested it out earlier this week.

Our favorites

1) Simplicity of the money in, money out structure
Planwise doesn’t aggregate financial data, so users need to manually enter their financial information. Fortunately, the San Francisco-based startup keeps things simple by limiting input to three items: income, expenses, and debt.
2) Adjustable plans feature
When the user creates a plan, like going on vacation or buying a car, the cash projection is automatically lowered or raised to reflect the impact (see below). We like how easy it is to turn on or off different plans because it allows the user to test multiple “what if” scenarios.
pwiseiPadPlans.jpg
Noteworthy elements

1) Products
Planwise has partnered with Perkstreet Financial to provide users with debit card offers. Here’s what our offer looked like:
pwiseiPadOffer.jpg
And here’s how the offers are calculated:
 

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2) Alerts
This section contains both positive and negative alerts in the following categories:
    • Critical
    • Warning
    • Suggested action
    • Plan
    • Upcoming events
    • Products/ service
    • Statistics
    • Celebration
Here are some alerts we received
pwiseiPadAppAlerts.jpg
To learn more about planwise, watch its FinovateFall 2011 demo.

Finovate Alumni News– December 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgDwolla launches the ability to send money over Twitter.
  • Planwise launches free online tool that’s like Google Maps for your money to visualize your future spending.
  • Intuit-owned Mint to collaborate with Monitise to enhance banks’ mobile apps with Mint functionality.
  • InComm buys majority stake in Adility. Financial terms have yet to be announced.
  • Equity Administration Solutions collaborates with SecondMarket so clients can more easily manage shareholder information.
  • PaySimple named Red Herring Global Top 100 winner.
  • Wonga launches PayLater, a service that offers users financing deals on online purchases with certain retailers.
  • BellaDati opens first international office in Seoul.
  • Experian announces IntelliView, a web-based query, analysis and reporting tool that gives 24-7 access to quarterly consumer credit data.
  • Diversinet’s mobiSecure SDK to power ultra-secure messaging in AirStrip Technology’s mHealth application.
  • Acculynk’s Payzur heads west as Washington credit union offers P2P service to members.
  • Long-term payments agreement announced between TSYS and Merrick Bank.
  • Bible Money Matters takes a closer look at the merger between Zecco and TradeKing.
  • BillFloat to provide handset financing options for MetroPCS customers.
  • Virtual Piggy signs agreement with CardinalCommerce to integrate its youth payment tech into their Centinel Universal Merchant Platform through Cardinal.
  • TechCrunch reports Concur to use Nor1’s eStandby Upgrade tech to make hotel offers available to their business travel customers via TripIt.
  • Simple shows off Android app teaser on Twitter and Facebook. The app to launch early next 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.

Finovate Alumni News– December 10, 2012

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  • Xero’s new release includes new features: email templates, payments terms & outstanding statements.
  • Purchasing Insight blog features Taulia.
  • Financial Advisor Magazine considers EFL’s approach to determining risk in entrepreneurs.
  • Business Insider recommends using Enloop to help draft business plans.
  • Expensify gets a shout-out on NBC.
  • Intern Match blog suggests using planwise.
  • PC Mag recommends keeping Dashlane in your security toolkit.
  • Wipro announces launch of SmartOffers solution demoed at FinovateAsia.
  • Virtual Piggy enters into Partnership with WorldPay to further expand Virtual Piggy eCommerce service in the international marketplace.
  • Tyfone and IQT sign strategic investment and tech development deal.
  • Fenergo wins Best Customer Onboarding Solution award.
  • DeviceFidelity extends Good Vault identity and access management system to iPhones. 
  • Experian to help media giant Sky optimize customer prospect-marketing data.
  • Compass Plus earns high marks in annual PayX report.
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– September 10, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSimpleTuition acquires textbook marketplace ValoreBooks to help college students save
  • Virtual Piggy partners with skateboard brand, GoldCoast. Come see Virtual Piggy’s live demo at FinovateFall.
  • Acculynk wins Lion’s Den competition at the ATPS Latinoamerica in Miami.
  • Planwise gives a sneak peek demo of platform upgrades.
  • The Sydney Morning Herald reports UBank wins 2012 Financial Review Smart Investor Blue Ribbon Award for its variable home loan. Come see UBank at FinovateAsia in Singapore.
  • Digital Trends looks at how (Bank)Simple is jumping through regulatory hoops.
  • NY Times suggests FamZoo to help children & parents manage allowance.
  • Millennial Vision and Cachet Financial Solutions partner to remarket mobile remote deposit solution. Come check out Cachet Financial at FinovateFall this week in New York.
  • Huff Post reports: Andera CEO Charlie Kroll Builds Business To ‘Help Small Banks Compete Against The Big Guys’.
  • TechCrunch interviews BillGuard CEO Yaron Samid.
  • TechCrunch reports: Doxo Uses QR Codes To Bridge The Gap Between Paper Bills 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.

Finovate Alumni News– September 7, 2012

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  • Fox Business News interviews Personal Capital CEO, Bill Harris, on 401(k) fees.
  • ShopKeep POS launches new iPhone app to give merchants better, faster access to real-time sales data. Come check out ShopKeep at FinovateFall next week.
  • Forbes considers: Why Intuit Is More Innovative Than Your Company.
  • TechCrunch reviews Giftly’s new app.
  • FreeMonee wins Direct Marketing Association 2012 Innovation Award.
  • Kiboo announces 3 key partnerships with First California Bank, FIS and MasterCard.
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 2012 Funding for Finovate Alumni: Over $120 Million Raised

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This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.

Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.

Here’s the quarter 2 summary for 2012:

April — $2.5 million raised by 1 company

May — $55.5 million raised by 5 companies

June — Over $62 million raised by 8 companies

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to julie@netbanker.com and we will add it.