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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Avoka, CSI globalVCard, Dashlane, iSignthis, Lendio, Misys, Mitek, NuData Security, On Deck Capital, Prosper, TransferWise

On Finovate.com

  • “TransferWise Lands $26 Million, Crossing into Unicorn Territory”
  • “Check out this week’s FinDEVr APIntelligence”
  • “Dashlane’s $22.5 Million in New Funding Comes with a Strategic Partner”
  • “Mitek and Avoka Team Up to Provide New Mobile Onboarding Solution”
  • “A Double-Edged Sword: Prosper Increases Rates to Attract Lenders”

Around the web

  • Lendio partners with GoDaddy marketplace to offer small business owners access to working capital.
  • Misys to integrate its FusionBanking Loan IQ technology with Debtdomain from Ipreo.
  • iSignthis announces pilot agreement with iFOREX.
  • CSI globalVCard teams up with MacNair Travel Management to develop a payment solution for travel managers and procurement professionals.
  • NuData Security partners with the National Anti-Organized Retail Crime Association (NAORCA).

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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Marketplace Lending Power 20 List Honors 8 Alums

Marketplace Lending Power 20 List Honors 8 Alums
By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma, Kabbage, Lending Club, Lendio, LiftForward, On Deck Capital, Patch of Land, Prosper

Power20This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards.

Representatives from eight Finovate alums were ranked among the group who are, as Mayava puts it, “redefining lending, resurrecting small businesses across the country, and consequently rebuilding the American economy, one loan at a time.” For more information about the awards, check out What Powers the Power 20.

The recipients in order of rank:

Lending Club CEO and Founder Renaud Laplanche
Rank: #1

Lending Club’s FinovateSpring 2009 demo

Prosper CEO Aaron Vermut
Rank: #5

Prosper’s FinovateSpring 2009 demo

OnDeck Capital CEO Noah Breslow
Rank: #8

OnDeck’s FinovateSpring 2012 demo

OnDeck’s FinDEVr New York 2016 presentation

Kabbage COO and Co-founder Kathryn Petralia
Rank: #9

  • Has grown to 80 employees since launching in 2009
  • Has gained 100,000+ customers
  • Has furnished almost $1 billion in loans

Kabbage’s FinovateSpring 2015 demo

Kabbage’s FinDEVr San Francisco 2015 presentation

Credit Karma CEO and Founder Kenneth Lin
Rank: #10

  • Ranked a top-free finance app in iTunes
  • Serves 50+ million users
  • Founded in 2007

Credit Karma’s FinovateSpring 2009 demo

LiftForward President and CEO Jeffrey Rogers
Rank: #17

  • Has secured credit facilities of up to $250 million
  • More than 70% of the company’s SMB borrowers return for a second loan

LiftForward’s FinovateFall 2015 demo

Patch of Land former CEO* and Co-founder Jason Fritton
Rank: #18

  • Formed the idea of the company in 2011 to help Chicago recover from the real estate crash
  • Since launching in 2013, has funded 217 loans totaling $97 million
  • Has returned $25 million to investors

Patch of Land’s FinovateFall 2014 demo

Lendio CEO and Founder Brock Blake
Rank: #20

  • Has helped more than 500,000 small business owners secure loans since launching in 2005
  • Holds a database of more than 3,500 active U.S. lenders
  • Recognized as one of Utah’s fastest growing companies in 2011

Lendio’s FinovateSpring 2011 demo

*Just this week Patch of Land appointed Paul Deitch, former managing director of Oaktree Capital Management, to take Fritton’s place as Patch of Land CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: Betterment, BlueVine, CAN Capital, CardFlight, Financial Guard, FutureAdvisor, Lending Club, LendingRobot, Misys, Prosper, Wealthfront

On Finovate.com

  • “Straight Outta Beta: Flex Credit from BlueVine Now Available for SMEs

Around the web

  • CAN Capital reaches $6 billion milestone in working capital provided to small businesses.
  • Bloomberg Quick Take features FutureAdvisor, Wealthfront, Betterment, and Financial Guard in a look at robo-advisers.
  • Misys adds Mourad Ayachi and Bob Kubala to its investment management division.
  • “CardFlight Releases New Data Showing Trends on EMV Chip Card Usage in the United States”
  • The NYT ranks top fintech companies, including multiple Finovate & FinDEVr alums.

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

By David Penn Posted on
Categories: Civic, D3 Banking, Digital Insight, Insuritas, Kore, Lending Club, OmnyPay, OurCrowd, PayNearMe, Prosper, SBDA Group, Swipestox

On Finovate.com

  • “Live Trading Launches on SwipeStox for iOS & Android”
  • “Finovate Debuts: SBDA Group Turns Raw Banking Data into Targeted Marketing”

Around the web

  • D3 Banking subscribes to market intelligence solution, FI Navigator.
  • California-based Yolo FCU chooses Insuritas to open and run its turnkey insurance agency.
  • Oregon’s Rivermark Community CU to deploy online and mobile banking solutions from Digital Insight.
  • PayNearMe facilitates users to pay for their taxes in cash.
  • Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association.

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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Prosper Marketplace Teams Up with HomeAdvisor to Improve Access to Home Improvement Financing

Prosper Marketplace Teams Up with HomeAdvisor to Improve Access to Home Improvement Financing
By David Penn Posted on
Categories: Prosper

Prosper_homepage_Mar2016

A new partnership between Prosper Marketplace and HomeAdvisor will help homeowners get the home-improvement financing they need.

“Home-improvement projects are a great way to increase the value of a home,” Prosper Marketplace CEO Aaron Vermut said. “But not all homeowners have access to home-equity lines of credit as a financing option.” Vermut says that homeowners will be able to borrow money for home financing projects via HomeAdvisor at rates lower than those typically accompanying credit cards.

HomeAdvisor_homepage_Mar2016

Through the partnership, homeowners will be able to research the cost of home improvement projects via HomeAdvisor’s True Cost Guide, and then review monthly repayment estimates for Prosper’s fixed-term, fixed-rate loan product.

“Offering Prosper’s smart financing option strengthens HomeAdvisor’s commitment to helping homeowners achieve their home improvement goals,” said HomeAdvisor CEO Chris Terrill. A national, online marketplace for home services, HomeAdvisor helps connect homeowners with home repair, maintenance, and improvement resources. The service is free to access and has put more than 35 million homeowners in touch with its network of prescreened home service professionals. HomeAdvisor is headquartered in Golden, Colorado.

Prosper also made headlines last week with the launch of Prosper Daily, a rebranding of the BillGuard app the company acquired as part of its purchase of BillGuard last fall. Also this month, Prosper announced the appointment of its new CFO David Kimball, a former USAA executive. The company announced surpassing $4 billion in loan originations last July, and have since updated that total to more than $6 billion.

Founded in 2006 and based in San Francisco, Prosper demonstrated its technology at the very first Finovate conference in 2007.

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Finovate Alumni News

By David Penn Posted on
Categories: Algomi, App Annie, Blackhawk Network, Dealflow, Misys, Prosper, Temenos, Top Image Systems

On Finovate.com

  • “DealFlow Closes Million Dollar Convertible Note”
  • “Algomi Gains Investment, Strategic Advisory from Tom Glocer, former Thomson Reuters’ CEO”
  • “Prosper Marketplace Teams Up with HomeAdvisor to Improve Access to Home Improvement Financing”

Around the web

  • Misys FusionBanking Loan IQ goes live at Virtus Partners.
  • Top Image Systems launches its next-generation accounts-payable automation solution, eFLOW AP.
  • Blackhawk Network names Anil D. Aggarwal to its board of directors.
  • App Annie acquires app marketing data company, AppScotch.
  • Temenos again recognized by IBS Intelligence as best-selling core banking software provider.

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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BillGuard App Changes Name to Prosper Daily

BillGuard App Changes Name to Prosper Daily
By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Prosper

ProsperDaily

P2P lending company Prosper, which purchased Israel-based startup BillGuard for $30 million last September, has rebranded the BillGuard app as Prosper Daily. The company offers reasoning behind the change, stating, “the security focus of ‘BillGuard’ no longer captures the essence of the app.”ProsperDaily

IMG_6212BillGuard users will be automatically migrated to the new platform automatically upon updating the app. The core of the app, which helps users flag suspicious charges, check their credit score, and track spending, is the same (aside from the rebrand). Today’s update brings added 3D Touch capability that lets users view inbox count and monthly spend from their home screen. Also new is a loan overview for Prosper borrowers.*

While there’s no word yet on loan performance overview capability for Prosper lenders, the company hints at upcoming changes, stating, “In the near future, we’ll be strengthening the app’s core with smarter ways to keep track of your spending, helping you reach your money goals and improving the reliability of the updates from your accounts.”

BillGuard last presented at FinovateSpring 2012 where it debuted BillGuard FI. Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.

*Note: While the update description touts “loan overview for Prosper borrowers” as a new feature, it doesn’t yet appear available in the app. 

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Finovate Alumni News

By David Penn Posted on
Categories: BBVA, BillGuard, Cachet Financial Solutions, Capitalise, CashSentinel, Financial Apps, i-exceed, Insuritas, Lendio, mBank, Mitek, Nexmo, Prosper, StockViews, Stratumn, Tradeshift, Xignite

On Finovate.com

  • “BillGuard App Changes Name to Prosper Daily”
  • “Capitalise.com to Join Microsoft Accelerator London”
  • “CashSentinel Launches in France with SFPMEI Partnership”
  • “StockViews Raises $355k in Seed Funding; Adds Fidelity’s Balk as Chairman”

On FinDEVr.com

Around the web

  • Poland’s mBank elects to focus on HCE for mobile payments over NFC.
  • Spain’s BBVA upgrades its ATM network to enable cash recycling.
  • TechCrunch features multiple Finovate and FinDEVr alums in its recommendations of financial products for the gig economy.
  • Mitek elects CEO James B. DeBello as chairman of the board.
  • CereTel, selects Cachet Financial Solutions to develop, deploy and manage new prepaid mobile banking platform.
  • Lendio partners with SBE Council to offer its lending resources to SMB owners.
  • Tradeshift announces MetaProcure as reseller.
  • First National Bank to install Insuritas insurance agency solution for its customers.

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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Prosper Appoints USAA Exec as New CFO

Prosper Appoints USAA Exec as New CFO
By Julie Muhn (@julieschicktanz) Posted on
Categories: Prosper

ProsperHomepage2016

KimballUSAA2U.S. peer-to-peer lending platform Prosper announced it has selected David Kimball to take the seat of Macy Lee, who served as the company’s CFO from April 2014 until July of 2015. Kimball most recently held a position as a senior financial officer at USAA. Prior to that, he worked at Ford Motor Company where he held multiple finance-related roles. Kimball, a graduate of Brigham Young University, will begin working at Prosper on March 18.

This news comes about a month after the California-based company announced it raised its rates to keep up with both the Federal Reserve, which raised the benchmark rate by 25 basis points in December and its main competitor, Lending Club, which increased rates by an average of the same amount as the Fed.

Prosper presented at FinovateSpring 2009 as well as the inaugural Finovate in 2007.

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Finovate Alumni News

By David Penn Posted on
Categories: blooom, Expensify, Flybits, Honkio, Hyperwallet, Innofis, Misys, Narrative Science, OutsideIQ, PayStand, Prosper, Thomson Reuters, Urban FT

On Finovate.com

  • “Expensify Leverages Uber Partnership to Create the Lazy Man’s Expense Report”
  • “Finovate Debuts: Innofis Enhances the UX for Banks and Customers”
  • “Prosper Appoints USAA Exec as New CFO”

On FinDEVr.com

  • “PayStand to Power New Online Payments Service from ONE UP”

Around the web

  • Luxoft integrates P2P payment technology with connected, self-driving car.
  • Thomson Reuters teams up with Hong Kong-based accelerator, SuperCharger.
  • Misys unveils Standardized Approach for Counterparty Credit Risk (SA-CCR) module for FusionRisk.
  • PYMNTS interviews Richard Stegall, CEO and Co-founder of Urban FT.
  • NPR highlights Blooom for helping manage student-loan debt.
  • The New York Times features Narrative Science in a look at artificial intelligence.

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

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, AdviceRobo, Billhighway, eWise, Fiserv, Lending Club, NICE Systems, planwise, Prosper, SafetyPay, Temenos, wipro

On Finovate.com

Around the web

  • AdviceRobo nominated to European Fintech 100 rankings.
  • KeyBank selects NICE Actimize for Enterprise Fraud Solutions.
  • ACI Worldwide announces joining real-time payment initiative launched by The Clearing House.
  • Temenos reports 23% profit gain in FY 2015; says developed markets driving growth.
  • Wipro buys U.S.-based HealthPlan Services for $460 million.
  • ProgrammableWeb features Planwise in its Daily API RoundUP.
  • Prosper raises rates on loans.
  • SafetyPay reports 2015 growth: opened offices in Chile and Ecuador, now operates in 19 countries.
  • Lending Club now offers TurboTax integration for Form 1099s.

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

By David Penn Posted on
Categories: Betterment, Braintree, CRIF, FutureAdvisor, Gusto, Kabbage, PayPal, Personal Capital, Prosper, Top Image Systems, TradeKing, Twilio, Wealthfront, Xero, Yoyo, ZenPayroll

On Finovate.com

  • “Gusto, Formerly ZenPayroll, Closes on $50 Million Funding”
  • “U.K.-Based Yoyo Rolls Out Mobile Wallet in U.S.”

Around the web

  • B2B commerce technology company Handshake teams up with Xero.
  • Braintree launches new extension of its v.zero SDK in partnership with Magento Commerce.
  • CRIF Credit Solutions unveils new, fully responsive website geared toward international audiences.
  • Business Insider names Kabbage, Twilio, and Prosper as 3 of 42 startups that grew to be worth billions in 2015.
  • Top Image Systems to deploy eFLOW Digital Mailroom at GED Bulgaria.
  • NerdWallet’s five financial tips from robo-adviser CEOs feature insights from leaders of Betterment, Wealthfront, TradeKing Advisors, FutureAdvisor, and Personal Capital.
  • Nine months after launching, One Touch from PayPal reaches 10 million users in 23 countries.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

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