Refundo Archives - Finovate

Refundo to Return Tax Refunds in Bitcoin

By Julie Muhn (@julieschicktanz) Posted on May 1, 2019
Categories: Refundo

Thanks to a recent partnership with BitPay, clients of tax innovator Refundo can now receivetax refunds in bitcoin.

Taxpayers in the U.S. can opt to receive any portion of their federal and state tax refund back in bitcoin (BTC). Crypto refunds are made through CoinRT, Refundo’s new product that leverages Bitpay’s Payouts.

When a taxpayer submits their wallet address, Refundo will issue them unique account and routing numbers to include on their tax return. After the taxpayer passes KYC, Bitpay will transfer the IRS-issued refund to the client’s wallet.

Bitcoin is a good fit for Refundo, whose target market is underbanked populations, because it facilitates fast transaction times with low fees. It also fits well with Refundo’s other product offerings, including refund advances, refund transfers, and the ability to allow clients to pay for their tax preparation services with their refund.

“Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently,” said Roger Chinchilla, Refundo CEO. “Adding Bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees, and regularly send money internationally. CoinRT enables them to get Bitcoin quickly and easily for one flat fee.”

This isn’t the first crypto tie-up for tax preparers. Earnst & Young and TurboTax both prepare tax claims on clients’ crytocurrency holdings.

Founded in 2011, New Jersey-based Refundo demonstrated its mobile app at FinovateSpring 2013. The app helps independent tax preparers compete with online software by offering a convenient way for clients to submit their tax information.

In addition to today’s partnership with BitPay, Refundo is also teamed up with Stripe for credit card acceptance, and fellow Finovate alum LendUp, which provides short term loans to clients while they wait on their refunds.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on May 1, 2019
Categories: AlphaPoint, Envestnet, Fenergo, GreatHorn, Klarna, Kony, Micronotes, NIIT Technologies, Onfido, Refundo, SecureKey

On Finovate.com

Refundo to Return Tax Refunds in Bitcoin.

Klarna Brings its Alt Payment Options to Brick and Mortar Retail Shoppers.

Around the web

Kony and Micronotes team up to bring Micronotes’ personalized conversation solution to banks using Kony DBX.

SecureKey’s Verified.Me identity verification solution is now available for consumers of CIBC, Desjardins, RBC, Scotiabank and TD across Canada.

Fenergo working with Bahrain’s Electronic Network for Financial Transactions to design and implement a KYC solution that incorporates blockchain technology.

NIIT Technologies’ AdvantageGo launches Underwriting, a solution that consolidates and provides all underwriting functions into a single platform.

GreatHorn awarded U.S. patent for new email impersonation detection method.

Onfido, Alphapoint earn spots in the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN).

Envestnet unveils new suite of analytical tools for financial advisors, Envestnet Advisor Analytics.

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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Refundo Previews Mobile Tax Filing App Connect

By David Penn Posted on July 29, 2016
Categories: Refundo, Tax Prep

Coming soon to both Android and iOS, Connect from Refundo will make it easier for taxpayers to file returns with their tax preparers. The new mobile app is designed to help tax professionals reach more customers, as well as reduce wait times for in-office clients.

“The beauty of this mobile application is that it will be yours,” Refundo Analytics, Growth and Product Hacker Jesse Arroyave wrote on the company blog. “Customize the app with your brand’s color, your logo and a brief description of what you can do for taxpayers.” Arroyave says mobile apps like Connect typically exceed 10 million downloads during tax season, and cautioned that too many smaller FIs were still missing out on the action.

“I’m just tired of small tax offices, who compete and work just as hard as bigger companies, not seeing the bigger picture,” Arroyave said. “Here’s an opportunity to compete and grab a piece of that pie you deserve.”

Launched in 2011 with a focus on helping low- and moderate-income households access quality financial services, Refundo followed its debut at FinovateSpring 2013 with a partnership with Stripe to enable tax preparers to accept credit-card payments via the Refundo Dashboard, and with a collaboration with fellow Finovate alum LendUp to provide short-term loans to taxpayers waiting for refunds. The company, which is headquartered in Elizabeth, New Jersey, won the Innovative Technology Company of the Year award from the New Jersey Tech Council last year. Refundo’s products include the Dashboard tax-refund-processing platform; a refund anticipation loan (RAL) alternative called NOW; and their audit-advisory service, Audit Pros. Roger Chinchilla is CEO.

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Finovate Alumni News

By David Penn Posted on July 29, 2016
Categories: Entersekt, Experian, iQuantifi, Narrative Science, Refundo, Scalable Capital, True Potential

On Finovate.com

Refundo Previews Mobile Tax Filing App Connect

Around the web

Entersekt to bring its 2FA technology, Transakt, to Nigeria via partnership with First Authentication Services Ltd (FASL).

Inc.com features Stuart Frankel of Narrative Science on the “keys to startup success.”

Experian launches anti-fraud platform, CrossCore, in South Africa.

True Potential opens up its portfolios to all U.K. advisers.

Scalable Capital goes live in the U.K.

Corporate Insight features iQuantifi in a look at best practices in goal-setting apps.

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– February 4, 2014

By Julie Muhn (@julieschicktanz) Posted on February 4, 2014
Categories: Banno, Finovera, Jack Henry, Kofax, Luminous, Nous.net, Pindrop Security, Refundo, TransferWise

Nous makes it to the finals of UK’s Million Pound Startup competition. Check them out at FinovateEurope in London.

Luminous partners with Jack Henry & Associates. Come see them both at FinovateEurope next week.

Pindrop Security achieves record growth in 2013 fueled by rising phone-based fraud.

Sun Hearlad features Finovera as a new site to help manage personal finances.

In yet another partnership, Refundo partners with Stripe to process payments for tax preparers.

CNB Texas launches responsive design website from Banno for greater cross-sell potential.

Top-Five U.S. Bank makes million dollar investment in software licenses for Kofax’s Mobile Capture. Come see Kofax’s live demo at FinovateEurope.

FinovateEurope 2014: Guess Who’s Coming to London?

VentureBeat lists TransferWise among London’s hottest startups.

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 8, 2014

By David Penn Posted on January 8, 2014
Categories: CurrencyFair, Doxo, Dynamics, Flint Mobile, LendUp, Manilla, Refundo

Merchant Maverick calls Flint Mobile “the perfect service for low-volume merchants.”

LendUp and Refundo team up to provide short-term loans for underbanked taxpayers waiting for refunds.

Manilla launches Bill Share to make managing family finances easier.

CurrencyFair unveils their new website.

The Seattle Times joins doxo to simplify bill delivery and payment for subscribers.

Dynamics ePlate Visa Card adds 50th rewards partner.

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 29, 2013

By David Penn Posted on May 29, 2013
Categories: authenticID, Banno, Check, Escardgot, EyeVerify, FIS, GoBank, GoNow, Leaf, Lending Club, Micronotes, Mint.com, Mitek, MoneyDesktop, Moven, OneID, OpenCoin, Refundo, SaveUp, TIO Networks, Tradeshift, TSYS, Virtual Piggy, Waspit, Zooz

PaymentsSource talks with Noam Inbar, VP for product development for Zooz.

OneID takes a look at the “security theater” of Twitter’s two-factor authentication.

TSYS renews payment processing arrangement with Nationwide Building Society.

Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.

MIT Technology Review features OpenCoin.

Waspit to release new UX & mobile Apps in August to coincide with the new academic year.

TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.

Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.

Mitek receives patent for signature verification and fraud detection.

Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.

CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.

Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.

Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker’s Internet Trends report.

SaveUp helps credit union members save more than $400 million.

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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FinovateSpring 2013 in the Press

By Julie Muhn (@julieschicktanz) Posted on May 20, 2013
Categories: Banno, Expensify, EyeVerify, FamZoo, FinovateSpring 2013, Finovera, GoBank, IntelliResponse, Intuit, invoiceASAP, Kabbage, LendUp, Micronotes, Plastyc, Prestadero, Quantopian, Refundo, TipRanks, Zooz

Last week’s FinovateSpring 2013 received great coverage through blogs, tweets and articles. Here are the highlights:

Full conference live blogs

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Three contributors risked carpel tunnel to cover all 72 demos. Thanks to Erin McCune and William Mills III and Phillip Ryan for going the extra mile!

Bank Innovation
by Phillip Ryan
FinovateSpring recap and ratings
Day one morning recap
Day one afternoon recap
Day two morning recap
Day two afternoon recap

PaymentsViews

Live Blogging Finovate Spring 2013 San Francisco

by Erin McCune