SafetyPay

Alumni News– June 25, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cachet Financial Solutions, Fiserv, Kreditech, Loop, Oink, P2BInvestor, ReadyForZero, SafetyPay, vaamo, Yseop
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKreditech raises $40 million in series B round.
  • Charge! LoopPay launches its iPhone ChargeCases.
  • Fiserv announces new partnerships and renewals with four credit unions.
  • Navy FCU chooses Select Mobile Money prepaid mobile app from Cachet Financial Solutions.
  • P2Binvestor adds three Colorado companies to its portfolio in June.
  • Ian McKenna examines how Yseop’s artificial intelligence can help financial advisors.
  • Vaamo launches Goal-Based Savings Platform on Invite-Only Basis.
  • Oink (formerly VirtualPiggy) and SafetyPay partner to enable Oink to accept local payments as they expand into Europe and Latin American markets.
  • ReadyForZero launches API to enable partners to deploy its debt-management platform on their own sites.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– May 27, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Holvi, Insuritas, Kalixa, SafetyPay, Thomson Reuters, Top Image Systems
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThomson Reuters adds material modification flags to its FATCA Grandfathered Obligations solution.
  • Top Image Systems teams up with Taulia to provide joint cloud invoice processing and supply chain optimization.
  • Kalixa acquires PXP Solutions for undisclosed sum.
  • Insuritas announces partnership with OSU FCU to create virtual “Insurance Aisle” inside the credit union.
  • SafetyPay releases SafetyPay Direct solution to allow merchants to request payments to customers by email or phone.
  • Holvi announces new million euro investment.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News- May 2, 2014

By David Penn Posted on
Categories: Banno, Jack Henry, MasterCard, PayPal, SafetyPay
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces Australian launch of mobile payment app for education expenses.
  • PayPal partners with checkout app MyCheck.
  • SafetyPay teams up with Brazil’s UOL Boa Compra to bring online payments to gamers in Latin America.
  • SEC filings show Jack Henry’ & Associates’ $28 million cash expense for Banno acquisition.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 11, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Actiance, Check Point, EyeVerify, Kashoo, Lending Club, Lighter Capital, Monitise, Moven, Prosper, SafetyPay, TradeHero, Xero
  • Finovate-F-Logo.jpgLighter Capital provides $1 million in growth funding to 3 tech startups.
  • Check Point collaborates with VMware to provide network security for the private cloud.
  • Monitise now offers mobile alerting software as a standalone product.
  • Moven launches its mobile-first bank to public.
  • ClickZ features Actiance’s compliance specialist, Joanna Belbey.
  • SafetyPay and GlobalShopex partner to provide a secure international shipping solution for U.S. ecommerce sites.
  • MacWorld Business lists Kashoo and Xero among their favorite online business accounting apps.
  • Wells Fargo reversal on P2P loan ban for staff is good news for companies like Lending Club and Prosper.
  • Kansas City Star features local biometric security startup, EyeVerify.
  • TradeHero launches Android version of their stock market simulation 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– January 21, 2014

By David Penn Posted on
Categories: Azimo, Fenergo, GMC Software Technology, PayPal, SafetyPay, Swipely, Temenos, TransferWise
  • Thumbnail image for Finovate-F-Logo.jpgFenergo taps Stan De Schepper for SVP, Americas.
  • National Bank of Andrews, AimBank to adopt Temenos T24 core processing platform. See Tememos at FinovateEurope in London.
  • Business Review Europe takes a look at Azimo’s expansion into Austria.
  • GMC Software Technology recognized as industry leader in latest Forrester Research Wave report.
  • Technics and Time feature PayPal and TransferWise in list of ways to pay without your wallet.
  • Swipely unveils its “Winter ’14” release to extend its service to help restaurant and hospitality customers make smarter decisions.
  • SafetyPay signs agreement with Brazilian firm Privalia.
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.

Share this:

Send Post Twitter LinkedIn Facebook

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.

Share this:

Send Post Twitter LinkedIn Facebook

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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– September 25, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Intuit, MasterCard, MiiCard, SafetyPay, SumUp
  • Intuit integrates QuickBooks with Square’s POS products via an API deal.
  • Xpenditure selects miiCard certified digital bank statements for expanded and automated expense report verification.
  • SafetyPay and Paymentez partner to offer Latin American gamers a secure and seamless payment option.
  • TechCrunch reports: SumUp cuts 2.75% per transaction fee across Europe.
  • PYMNTS.com talks small business lending with MasterCard and the Entrepreneurial Finance Lab (EFL).
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– September 19, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Locaid, Meniga, SafetyPay
  • Finovate-F-Logo.jpgComdirect bank launches PFM Service powered by Meniga.
  • SafetyPay adds the U.S. and Caribbean as regions where global merchants can accept cash payments for online purchases.
  • Locaid launches Locaid Campaigns platform to provide location-driven marketing tools to SMEs.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– July 15, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, edo Interactive, Expensify, Linkable Networks, Mint.com, PayPal, Personal Capital, ReadyForZero, SafetyPay, SigFig, Xero, Zooz
  • Finovate-F-Logo.jpgSafetyPay pulls in $7 million from International Finance Corp.
  • Xero releases Personal for iPhone, a mobile app for Xero Personal subscribers.
  • B2C looks at Dwolla as a challenger to PayPal.
  • Ad Exchanger lists edo Interactive and Linkable Networks as two card-linked offer providers.
  • Read our latest CEO interview with Oren Levy of Zooz.
  • Mint, Expensify, Ready for Zero, SigFig, and Personal Capital populate US News & World Report’s “10 Smartphone Apps to Boost Your Budget” list.
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.

Share this:

Send Post Twitter LinkedIn Facebook

SafetyPay Pulls in $7 Million from International Finance Corp

By Julie Muhn (@julieschicktanz) Posted on
Categories: SafetyPay

SafetyPayLogo.jpg

In the fourth alumni funding this month, SafetyPay, a company that allows users to pay online directly from their bank account, received $7 million.

The International Finance Corporation (IFC), a member of the World Bank Group, is providing the entire amount for the Florida-based company, which currently operates in Canada, Europe, the U.S., and Latin America.

The money will be used to further SafetyPay’s presence in the Latin American market, where total online retail sales grew $35 billion between 2006 and 2011, with an average annual growth rate of 41%.

To learn more about SafetyPay, watch its FinovateSpring 2010 demo.

This adds to the funding we’ve seen in the past couple of weeks, with SigFig, ERN Global, and Meniga all pulling in significant amounts. Even though we’re in the heat of the mid-summertime fintech news slow down, American Banker’s recent post makes it clear that funding activity has been on an incline. It cites a study by the FinTech Innovation Lab, stating that since 2008 U.S. fintech companies have received a total of $9.03 billion through 1,314 deals. This number is expected to grow.

We’ll be sure to keep you posted as additional funding is announced.

Share this:

Send Post Twitter LinkedIn Facebook

FinovateAlumni News– July 2, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ayondo, Azimo, Blaze Mobile, CommunityLend, Dwolla, Lending Club, Linkable Networks, Monitise, On Deck Capital, OpenCoin, SafetyPay, SecureKey, TradeHero, TSYS
  • Finovate-F-Logo.jpgLending Club’s platform has originated $2 billion in total personal loans, $158 million of loans in June alone.
  • HSBC Bank Oman launches SecureKey for internet banking and upgrades mobile banking app.
  • Adidas to accept SafetyPay for online payments across Latin America.
  • Iowa government will soon accept Dwolla as payment for property and vehicle taxes.
  • The American Bankers Association endorses the card-linked offer technology powered by Linkable Networks.
  • The Next Web reports: Virtual stock market game startup TradeHero aims for $5m funding and 1m users by year-end.
  • Monitise and Telefonica enter mobile money partnership.
  • The Globe and Mail looks at On Deck Capital, Lending Club, and CommunityLend’s FinanceIt as alternative financing.
  • Money Insider column in The Independent features Azimo.
  • Pymnts.com interviews TSYS Director of Acquiring Solutions Product Management, Tedd Huff on payment processing.
  • OpenCoin launches Bitcoin Bridge, an e-commerce enabler for Ripple.
  • CEOCFO Magazine interviews Blaze Mobile CEO Michelle Fisher.
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.

Share this:

Send Post Twitter LinkedIn Facebook