Finovate Alumni News– December 6, 2011

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  • P2P Lending News reports Prosper & Lending Club issued $37.4 mil in loans in November.
  • Trade Streaming interviews Rob Foregger, co-founder of Personal Capital, on the future of online investing.
  • mFoundry receives $18 mil in growth capital from MasterCard, Intel, FIS, and Motorola Mobility.
  • Bank Systems & Technology looks at how USAA uses Yodlee to aggregate accounts and power its PFM.
  • SavvyMoney (Formerly DebtGoal) launches new site, adds Jean Chatzky to team.
  • Steve Shivers, doxo CEO, speaks up about the potential cuts to the US Postal Service.
  • Credit Unions see positive results from Mortgagebot PowerSite technology.
  • Q2ebanking ranks on The Austin American-Statesman’s List of Top Workplaces.
  • Zecco unveils its new Trading Center.
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 1, 2011

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  • Kashoo’s small business iPad accounting app hits 5,000 downloads on iTunes.
  • CarryQuote named аѕ a winner οf the European Bully Awards.
  • Investment News examines how Personal Capital plays into the online-advice space.
  • The Washington Post surveys HelloWallet’s business model.
  • RobotDough.com announces its student financial writing competition.
  • Silicon Angle compares the 3 iPad apps launched last week: Wikinvest, Pageonce, & Mint.
  • Q2ebanking discusses mobile-banking security in Credit Union Times.
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.

Q2ebanking Partners with Unwired Nation to Expand Its Mobile Banking

Q2ebankingLogo.jpgLast week, Austin-based Q2ebanking announced that it partnered with Unwired Nation, a company that provides mobile apps as a service.

“The enhanced offering is set to enable financial institutions to reach retail and business customers via multiple mobile channels and devices. Under terms of the agreement with Unwired Nation, Q2ebanking is to expand its ability to deliver mobile banking apps, making them available for both Android and iPhone users.”
Q2mobile, its ebanking platform, allows access to banking transactions at more than 300 financial institutions in the U.S.

To learn more about Q2ebanking, watch its FinovateSpring 2011 demo.

Finovate Alumni at BAI Retail Delivery Conference

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The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.
Session Speakers
  • Tuesday, Global Game-Changer Session
    Speaker: Jim Taschetta from FreeMonee
  • Wednesday, Technology for Business Summit 
    Speaker: Mitch Jacobs from On Deck Capital
  • Wednesday, Technology for Business Summit Session 
    Speaker: David Eads from Kony Solutions
  • Thursday, Technology for Business Summit Session
    Speaker: Eric Connors from Yodlee
  • Thursday, Marketing & Product Management Summit Session 
    Speaker: Rod Witmond from Cardlytics
Exhibitors 
BAI Mobile Link
Mobile Link Panel Discussions
Solutions Theatre
Jim Bruene and I (julie@netbanker.com) will be in attendance and will update the blog and Twitter with new developments throughout the event. 

Finovate Alumni News– September 30, 2011

  • Thumbnail image for Finovate-F-Logo.jpgReuters advises opening a BankSimple to avoid bank fees.
  • Fox Business News interviews Bill Harris, CEO of Personal Capital, on the startup’s services.
  • Digital Stock Market recommends using Yodlee or Mint to help control your spending.
  • eToro makes its blog available as a WebTrader widget.
  • SmartMoney discusses Personal Capital’s advisor video chat feature.
  • Q2ebanking adds its mobile app to the Android marketplace.
  • Xero wins K2 Quality award for SaaS.
  • SecondMarket puts itself up for sale using its own site, SecondMarket.
  • Wall Street Survivor announces the winners of the August Stock Game Giveaway.
  • Lifehacker advises using BrightScope to analyze your 401(k) during a “financial bootcamp day.”
  • eToro wins 3 World Finance Awards.
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.

Five Finovate Alumni Listed in Inc. 1000

Last week, Inc. Magazine released its list of the 5000 fastest-growing, private U.S. companies. Five* Finovate alumni made the list, all in the top 1000. Three made the top 500 and one was in the top 50. 

BraintreeLogo.jpgBraintree

Rank: 47
Description: Assists businesses in processing payments by providing a merchant account, payment gateway, recurring billing service, and helping with PCI compliance. 
3-year revenue growth: 40x
2010 revenue: $4.6 million
2007 revenue: $100,000
Employees: 27
Employee growth: 25
Founded: 2007

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Rank: 309 
Description: Helps business owners find capital by matching them with banks, lenders, or other funding sources.
3-year revenue growth: 11x
2010 revenue: $8.6 million
2007 revenue: $740,000
Employees: 45
Employee growth: 24
Founded: 2005

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Rank: 377
Description: Offers secure online banking, payment, and security solutions. 
3-year growth: 10x
2010 revenue: $18.5 million
2007 revenue: $1.8 million
Employees: 118
Employee growth: 73
Founded: 2004

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Rank: 597
Description: Consults with community banks and credit unions to offer them innovative products and marketing. 
3-year growth: 6.4x
2010 revenue: $57.1 million
2007 revenue: $8.9 million
Employees: 305
Employee growth: 193
Founded: 2005

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Rank: 760
Description: Provides a secure and easy method of populating payments and checkout forms.
3-year growth: 5.2x
2010 revenue: $3.1 million
2007 revenue: $580,000
Employees: 15
Employee growth: 3
Founded: 2006
_______________________________________________________________________
*Methodology: 
“Companies are ranked according to percentage revenue growth from 2007 through 2010. To qualify, companies must have been founded by, and be generating revenue by, March 31, 2007. Additionally, they had to be based in the United States, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.)
The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. Revenue figures given in the company profiles are for calendar years, as are employee counts. Full-time and part-time employees are included in the employee counts; independent contractors are not.”

Alumni News — Week of July 11, 2011

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Last week, AlwaysOn released its 2011 AlwaysOn Global 250 Top Private Companies List that represents the top emerging companies Worldwide. Twelve Finovate Alumni were selected:
  • BillFloat
  • Bling Nation
  • Boku
  • Cardlytics
  • ClairMail
  • Expensify
  • IDAnalytics
  • Lending Club
  • SecondMarket
  • Wikinvest
  • Wonga
  • Yodlee
_________________________________________________________________________
In other Alumni News:
Aptys Solutions

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Aptys Solutions announced that the ACH functionality in its PayLogics payment platform provides same-day settlement. Link 
Balance Financial
  • Balance Financial launched Balance Certified Pro, a new software that is geared toward professionals. Link
  • Balance Financial released an iPhone App. Link
BillGuard
TechCrunch reported that BillGuard’s “Anti-virus for Bills” is now completely free for users. Link
BrightScope
CNNMoney’s article, Simplify Your Retirement Savings, pointed to BrightScope to provide a clear understanding of retirement savings. Link
ChargeSmart
ChargeSmart announced that its Bill Payments customers can now pay many of their utility bills with an American Express card. Link
Continuity Control
Continuity Control raised $1.1 million in financing from convertible promissory notes and warrants. Link
Cortera

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The Miami Herald reported that Cortera’s Risk Data and Reporting is now an SAP-endorsed business solution. Link
Cortal Consors
Institutional Investor ranked Oliver Le Grand, CEO of Cortal Consors, number 13 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Credit Karma
Credit Karma’s new feature, Credit Alerts is available for free to the first 200 people to click the link. Link
Credit Sesame
The Hands On Home Buyer blog recommended Credit Sesame for its interactive property taxes tool. Link
Currensee
The Business Insider reported that Currensee plans to launch its Trade Leaders program in China. Link
Dwolla
  • The E-News publication, Business Record, commented on Dwolla’s positive impact on Iowa’s startup culture. Link
  • Financial Plus Credit Union adopted Dwolla’s FiSync integration. Link
Dynamics
Dynamics revealed its angel investors in Series A and Series B funding rounds. Link
Guardian Analytics
  • American Banker reported that Guardian Analytics is planning to launch an outsourced fraud prevention service that will help financial institutions meet new FFIEC guidelines. Link
  • Guardian Analytics introduced its FraudDESK service to provide fraud analytics support to financial institutions. Link
  • Guardian Analytics is hosting a free webinar on Tuesday that will explore FFIEC guidance. Link
iPay Technologies
iPay Technologies helped Generations Community Federal Credit Union increase bill pay adoption and its number of transactions. Link
Lending Club
  • San Francisco ABC News Channel 7 explained the benefits of P2P loans from Lending Club. Link
  • Finextra news blog discussed Lending Club’s success. Link
  • American Banker reported that, in June, Lending Club saw an increase of 7% in loans originated that totaled a record $20 million. Link
Lodo Software
The Silicon Prairie News reported that Lodo Software is seeking to raise $5 million in a round of Series D funding. Link

mFoundry
Columbia Credit Union announced that it deployed mFoundry’s mBanking, a mobile banking platform. Link
Mitek

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MSN Money reported that Mitek Systems began a NASDAQ market listing on July 14th, and is trading under the symbol MITK. Link
Monitise 
  • CNBC reported that Monitise’s ReliaCard will be offered to U.S. Bank’s Visa cardholders in some states. Link
  • Monitise, US Bank, and FIS announced that they are planning to offer a mobile app for Visa’s ReliaCard users. Link
Prosper
  • San Francisco’s ABC News Channel 7 explained the benefits of P2P loans from Prosper. Link
  • Finextra news blog discussed Prosper’s success with its P2P lending service. Link
Q2ebanking
Q2ebanking’s director of security solutions, Ward Howell, published an article detailing a Credit Union’s perspective of the FFIEC guidelines in The Credit Union Ti
mes. Link
Receivables Exchange
Institutional Investor ranked Justin Brownhill and Nicolas Perkin, Co-Founders of The Receivables Exchange, as number 42 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Standard Chartered
Institutional Investor ranked Jan Verplancke, CIO of Standard Chartered, as number 37 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
TILE Financial

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Daily Finance interviewed Amy Butte, CEO of TILE Financial. Link
TradeKing
TradeKing announced the public availability of its API. Link
Tyfone 
CoVantage Credit Union chose to implement Tyfone’s mobile wallet solution. Link
Zopa 
  • Zopa founder Giles Andrews was interviewed on BBC’s The Bottom Line. Link
  • Finextra news blog discussed Zopa’s success as a P2P lending service. Link

Alumni News — Week of July 4, 2011

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Boku

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CNNMoney examined Zong’s competition with Boku. Link
BrightScope
  • The Forbes blog recommended BrightScope as a tool to check your financial advisor’s history. Link
  • The Washington Examiner discussed how BrightScope helps consumers make informed decisions about their 401(k) plan. Link
Clairmail
Clairmail increased its security by using authentication from the RSA Secured Partner Program. Link
Credit Karma
The Forbes blog recommended Credit Karma as a tool to track and monitor your credit score. Link
Credit Sesame

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The Forbes blog recommended Credit Sesame as a tool to track and monitor your credit score. Link

Dwolla
Dwolla updated its iPhone app to allow customers to send money via email. Link
Dynamics
American Banker discussed Dynamics’ adaptability to the mobile payment world. Link
Enloop
Small Biz Technology outlined three of Enloop’s features. Link
eToro
AlphaTrade Finance discussed eToro’s CopyTrader network. Link
Expensify
Expensify’s app was listed as Gearburn’s App of the WeekLink
Finsphere

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GeekWire reviewed Finsphere’s new round of $1.75 million funding. Link
Geezeo
American Banker reported that Geezeo’s partnership with Sharetec Systems will help Geezeo reach more credit unions. Link

Guardian Analytics
The Street reported that Guardian Analytics’ Anomaly Detection & Fraud Monitoring will help financial institutions meet updated FFIEC guidelines. Link

Kony Solutions
Kony Solutions announced a partnership with Donriver for the delivery of multi-channel mobile apps. Link
Mint.com
The Quickbooks blog examined Mint.com’s PFM tool. Link
Monitise Americas

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Monitise developed two banking apps designed for the iPad for NatWest and RBS. Link
PayNearMe
The Paypers interviewed Avangate and PayNearMe regarding their partnership and various future endeavors. Link
PayPal
TechCrunch speculated that eBay’s acquisition of Zong  will advance PayPal’s mobile payments. Link
ProfitStars
Credit Union Times discussed ProfitStars’ partnership with Corporate One Credit Union. Link
Prosper
The Social Lending Network reviewed Prosper’s new Quick Invest feature. Link
Q2ebanking

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Q2ebanking commented on the security implications of the new FFIEC guidelines. Link
RobotDough
The Motley Fool highlighted RobotDough as a powerful new tool for individual investors. Link
SilverTail Systems
  • Credit Union Times reported that SilverTail Systems’ capabilities enable financial institutions to comply with FFIEC guidelines. Link
  • Homeland Security Television profiled SilverTail Systems. Link

ThreatMetrix
ThreatMetrix enhanced its security in anticipation of FFIEC guidelines. Link
TradeKing
Stockbrokers4u.com analyzed TradeKing’s services. Link
Xero
Xero hired a CFO onto to its team. Link
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Yodlee
  • Yodlee released its new MoneyCenter app. Link
  • Quickbooks’ blog examined Yodlee’s PFM tool. Link
  • TechCrunch reported that Yodlee reached 30M users. Link

Alumni News — Week of June 27, 2011

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ActivePath
A top Brazilian card issuer implemented an ActivePath solution. Link
AlphaClone
AlphaClone incorporated new sentiment scores into its stock view pages. Link
Bills.com
Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link
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Blaze Mobile
Blaze Mobile was awarded a patent for NFC on stickers. Link
BOKU
BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link
Braintree
Braintree received $34M in Series A funding from Accel. Link
Currensee

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Reuters outlined the benefits of Currensee. Link
Credit Karma
Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link
doxo 
doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link
Dwolla
Dwolla said its Grid payment network is more secure than Visa and MasterCard’s card networks. Link
Dynamics
Dynamics raised $35M for computerized smartcards and payment systems. Link
eToro

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Reuters outlined the benefits of eToro. Link
eWise
gotoBilling, Inc. added eWise’s Secure Vault Payments as another payment platform. Link
Expensify
The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link
Fiserv
Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics

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Yahoo! Finance reported that Guardian Analytics’ FraudMAP is helping financial institutions meet FFIEC guidelines. Link
HelloWallet
HelloWallet was added to Mercer’s Outsourcing business benefits administration. Link
Intuit
Intuit purchased Mobile Money Ventures’ web banking technology to augment its mobile banking capabilities. Link
Kony Solutions

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The American Business Awards selected Kony Solutions as the Most Innovative Company of the YearLink
Lendio
The Launch blog highlighted Lendio. Link
Outright
Outright rolled out a new report function allowing clients to view sales by state. Link
PayPal
PayPal reached 100 million active users. Link

Profit Stars
Profit Stars introduced its new Remote Deposit Anywhere solution. Link
Prosper
  • Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
  • The San Francisco Times reported on Prosper’s growth. Link
Q2ebanking

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Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link
SimpleTuition
SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link
SmartyPig
SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link
TradeKing
TradeKing implemented SunGard’s MarketMap to deliver market data to its active trading platform. Link
UBank
Mashable highlighted UBank’s feedback forum. Link
Voice Commerce
Voice Commerce launched a payment solution for the iPhone. Link
Wikinvest

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PC mag reviewed Wikinvest’s mobile app. Link
Xero
Tech Day assessed Xero’s Debtor Daddy service. Link