SecondMarket

Finovate Alumni News– February 26, 2014

By David Penn Posted on
Categories: authenticID, BRIDGEi2i, CRIF, Green Dot, InComm, Kalixa, MasterCard, Mobino, NICE Systems, OnBudget, SaaS Markets, SecondMarket, VoiceTrust, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOn Budget wins 2014 Paybefore Award as “One to Watch.”
  • United Bank Limited picks VoiceTrust for voice biometrics.
  • InComm partners with Asia-based Money Online to launch POS-activated gift card mall solutions in Southeast Asia.
  • Rezzcard to integrate with InComm’s Cashtie to enable Rezzcard cardholders to pay their rent in cash at over 70,000 retail locations.
  • American Banker reports: Western Union to use NICE Customer Analytics. Come see its new tech at FinovateSpring.
  • Xero reaches 100,000 paying customers in Australia.
  • Check out an interview with BRIDGEi2i Director and Co-Founder, Ashish Sharma.
  • SecondMarket considering U.S.-based bitcoin exchange.
  • Live Gamer customers to get access to MasterCard’s MasterPass digital payment service.
  • authenticID enhances ID proofing technology to help combat cloned credit card fraud.
  • Green Dot wins top honors in four categories at 2014 Paybefore awards.
  • Global Banking & Finance Review takes a look at Kalixa Group’s American expansion.
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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SecondMarket Considering U.S.-Based Bitcoin Exchange

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

SecondMarketLogo3.jpg

There has been a flood of negativity shed on bitcoin thanks to the recent Mt. Gox drama. Despite that, SecondMarket, which originally launched as a trading platform for pre-IPO companies, plans to launch the first New York-based Bitcoin exchange.

SecondMarketBitcoinInvestmentTrust.jpg

This announcement comes after SecondMarket dipped its toes into bitcoin waters last fall with the launch of the Bitcoin Investment Trust (BIT), a private, open-ended trust that is invested exclusively in bitcoin.

To support the new, yet-to-be-named exchange, SecondMarket will contribute approximately $20 million in cash and bitcoin. SecondMarket CEO Barry Silbert will likely serve as CEO for the new exchange, which will be self-regulated.

According to Fortune contributor Dan Primack, who first covered this story picked up by CNN Money,

“The goal would be to reduce Bitcoin price volatility, by using spot pricing once or twice per day (like gold spot pricing) and serving as a clearing company in which member firms would clear all transactions by day’s end. Members also would keep enough cash in Bitcoin to keep the exchange liquid.”

The new exchange is pending approval by SecondMarket’s board, which meets next week.

SecondMarket demonstrated at FinovateStartup 2009. Check out the demo video here.

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Finovate Alumni News– January 27, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Allied Payment Network, Billhighway, DeviceFidelity, Doxo, Expensify, EyeVerify, FIS, Jemstep, Lending Club, SecondMarket, Spreedly, Xero
  • Finovate-F-Logo.jpgLending Club named #5 on Forbes’ Most Promising Companies List.
  • The Wall Street Journal mentions SecondMarket’s private shares trading market.
  • Doxo receives 2013 Award for best Software and App from the Seattle Award Program.
  • VentureBeat lists Xero and Expensify as 2 of the best back-office software applications for small businesses.
  • Billhighway Prepaid MasterCard named winner in eighth annual Paybefore Awards.
  • Bank Systems & Technology features Allied Payment Network’s Picture Pay mobile bill pay app.
  • FIS wins Frost & Sullivan Customer Value Enhancement award for FIS Mobile Wallet.
  • Credit Card Vault in the Cloud Spreedly Raises $500k.
  • Find Biometrics takes a brief look at 2013 and 2014 with EyeVerify’s Director of Marketing, Denise Myers.
  • DeviceFidelity announces availability of its IsisReady NFC cases for iPhone.
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– December 17, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: FIS, Kashoo, Mint.com, Mortgagebot, Realty Mogul, SecondMarket, TIO Networks, Tuition.io
  • Finovate-F-Logo.jpgIn The Capital features Tuition.io’s student loan gift payment feature.
  • First Internet Bank leverages Mortgagebot Enterprise Solution to Win 2013 Online Mortgage Originator Award.
  • Coinbase: SecondMarket’s Bitcoin Investment Trust Amasses $61.1m in 3 Months.
  • TIO Networks to launch a full suite of electronic bill payment services for Gulf Power Company.
  • Realty Mogul CEO Jillene Helman talks about crowdfunding real estate on Bloomberg TV.
  • FIS wins Javelin’s Best in Class Overall Mobile Banking Vendor award for 2013.
  • Kashoo, Mint named among “6 great iOS accounting apps for small business” by Business News Daily.
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– December 16, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Biometric Signature ID, Bright Funds, FutureAdvisor, Kasasa, MoneyDesktop, Personal Capital, SecondMarket, SocietyOne
  • Finovate-F-Logo.jpgMoneyDesktop to power Kasasa 360 Financial Management Platform.
  • SF Gate reports: SecondMarket allows IRA investment in Bitcoin.
  • Crowdfund Investor features SocietyOne’s P2P Lending platform.
  • Digital Journal promotes Personal Capital and FutureAdvisor.
  • Biometric Signature ID profiled in Huffington Post column on identity proofing.
  • San Francisco Business Times’ Bay Area BizTalk features Bright Funds.
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– October 10, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, Backbase, Balance, BBC Easy, Cachet Financial Solutions, Digital Insight, Equifax, Finagraph, FIS, Guardian Analytics, InComm, MasterCard, Mortgagebot, On Deck Capital, Payfone, SecondMarket, Simple, Tyfone, ValidSoft
  • Finovate-F-Logo.jpgBackbase on Track to Expand into UK Market. 
  • Arroweye Solutions launches EMV On-Demand.
  • ICBA Mortgage extends its agreement with D+H Mortgagebot.
  • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
  • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
  • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
  • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
  • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
  • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
  • OnDeck ranked #20 in SellingPower Magazine’s 50 Best Companies to Sell For List.
  • Ven partners ValidSoft to secure virtual currency transactions.
  • SecondMarket CEO explains latest Bitcoin move.
  • Tyfone powers P2P m-payments in BVCU m-banking platform.
  • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
  • Inaugural issue of FIS’s digital magazine FIS InMotion now available.
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– September 26, 2013

By David Penn Posted on
Categories: Billhighway, Braintree, Finovera, Google, Lendio, MasterCard, MiiCard, PayPal, peerTransfer, SecondMarket
Finovate-F-Logo.jpg

  • Updated Google Wallet app lets users store loyalty cards.
  • MasterCard teams up with National Bank of Egypt, Egyptian Banks Company, and Fawry to launch m-wallet in Egypt.
  • EBay’s PayPal acquires Braintree in $800M cash deal.
  • The Boston Business Journal features peerTransfer.
  • miiCard presents trends from the innovators at FinovateFall.
  • Lendio raises $4.5 million for small business loan-matching Service.
  • TechCrunch reports: SecondMarket launches a Bitcoin investment trust for accredited investors.
  • Billhighway adds Boys & Girls Club of Troy as client.
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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Fourteen Alums Recognized in AlwaysOn Global 250 Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, Cartera Commerce, Credit Karma, FlexScore, Kabbage, Lending Club, On Deck Capital, Ping Identity, Placecast, SecondMarket, Taulia, ThreatMetrix, Wonga, Yodlee

AOGlobal2503.jpg

This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2009
    • CEO: Ryan Gilbert
    • Total funding: $32.5 million
    • FinovateSpring 2011 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2006
    • CEO: Renaud Laplanche
    • Total funding: $220 million
    • FinovateStartup 2009 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 

    • Category: B2B Applications – Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: London, UK
    • Founded: 2007
    • CEO: Errol Damelin
    • Total funding: $145 million
    • FinovateFall 2010 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital

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    Finovate Alumni News– July 10, 2013

    By David Penn Posted on
    Categories: Authentify, CashStar, GoBank, Google, Manilla, Mitek, Moven, Outright.com, SAGE SA, SecondMarket
    • FinovateLOGO.jpgAuthentify launches security app for mobile devices, replacing passwords with digital images and spoken pass phrases.
    • Google Wallet’s “Buy with Google” promotion provides discounts via Android apps ranging from Airbnb to Uber.
    • IBS Intelligence ranks SAGE SA’s Prospero 2nd in 2013 Sales League Table.
    • Manilla’s activated user base surpasses half million mark.
    • CashStar announces new clients for its digital gifting program.
    • Moven’s beta program expands to add additional testers as company anticipates mobile signup by year’s end.
    • Bank Innovation reviews GoBank’s progress toward customer engagement and mobile centricity.
    • American Banker reports: Mitek Receives Patent for Mobile Card Balance Transfers.
    • SecondMarket launches General Solicitation solution in response to the SEC lifting of the ban on general solicitation by the JOBS Act.
    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– July 1, 2013

    By David Penn Posted on
    Categories: BillGuard, BlinkMobile Interactive, Corduro, CSI globalVCard, EZBOB, Kabbage, LendUp, LICUOS, MiiCard, SafetyPay, SecondMarket, SeedInvest, TSYS, Virtual Piggy
    • FinovateLOGO.jpgCorduro teams up with LendUp to provide loans to help pay for medical expenses.
    • Entrepreneur Handbook reports on EZBOB‘s 12-month loan for online retailers.
    • CrowdFundBeat features SeedInvest and its new feature, SeedInvest Groups.
    • TSYS announces completion of NetSpend acquisition.
    • Banking Technology takes a look at LICUOS and the company’s win of Innotribe Startup Disrupt at Next Bank Madrid.
    • SafetyPay and GlobalCollect partner to advance secure Int’l payment solutions to over 300 million consumers.
    • Navallo.net interviews BillGuard CEO Yaron Samid.
    • SecondMarket expands into Bitcoin.
    • Virtual Piggy teams up with Live Gamer.
    • AG Beat describes why Kabbage and other alternative lenders will remain prevalent.
    • miiCard wins award for Technology Innovation in Financial Services at the 2013 ScotlandIS Digital Technology Awards in Glasgow.
    • BlinkMobile Interactive announces partner agreement with Linktech Solutions.
    • Pymnts.com interviews CSI Enterprises CEO, Keith Stone, on recent updates to the company’s globalVcard platform.
    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– April 8, 2013

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Allied Payment Network, Bazaarvoice, Dwolla, Fiserv, Gold Bullion International, GoodApril, Green Dot, IDTheft 911, Mitek, Realty Mogul, SecondMarket, SoMoLend, TradeKing, TransferWise, Virtual Piggy, Xero, Yodlee, Zooz, Zopa
    • Finovate-F-Logo.jpgInvestors Business Daily interviews Barry Silbert, SecondMarket CEO, who says the stock market is broken.
    • Xero opening new LA office for Southern California team.
    • Bank Innovation reports: Fiserv Tops 1 Million Mobile Deposit Capture Users, 7 Million Mobile Users.
    • Radio New Zealand reports: Xero to launch fully into U.S. market in July.
    • Candace Klein, SoMoLend CEO, discusses the hardship that the SEC’s delay of the JOBS Act has caused.
    • Dwolla updates Magneto extension.
    • Yodlee receives 2013 Honorable Mention in Industry Partner category for the Barlow Research Associates’ Monarch Innovation Awards.
    • Virtual Piggy integrates with Oracle ATG Web Commerce, expands reach of network to more than 390,000 brands.
    • Mitek’s Mobile Deposit solution receives top award for Overall Most Innovative from Barlow Research Associates.
    • Management Today interviews Zopa CEO, Giles Andrews.
    • TechCrunch looks at Realty Mogul and its recent win at the Founder Showcase pitch competition. See them in action at FinovateSpring in May.
    • GreenDot and UniRush launch reloadable prepaid Visa card. Join GreenDot for FinovateSpring in San Francisco.
    • Allied Payment Network bill payment technology integrates with CSPI’s Aurora online banking platform.
    • Zooz announces partnership with ChronoPay. Join Zooz in San Francisco for FinovateSpring in May.
    • Identity Theft 911 CEO to lead discussion on social media and insurer risk at upcoming NAMIC seminar.
    • Roadtrip Nation interviews Dan Reed of Bazaarvoice.
    • Money Street Smart reviews TradeKing.
    • Hard Assets Alliance features an interview with Gold Bullion International CEO Steven Feldman.
    • Newfination interviews Taavet Hinrikus of TransferWise.
    • Engine talks about rewarding risk-takers with GoodApril founder Benny Joseph.
    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– March 4, 2013

    By David Penn Posted on
    Categories: Andera, ayondo, Blippy, Check Point, Comarch, Kiboo, Lending Club, Prepaid Resources, SecondMarket, Simple, SoMoLend, TradeKing

    Thumbnail image for Finovate-F-Logo.jpg

    • Online Broker Review takes a look at the TradeKing iPhone app.
    • Ayondo’s investing and trading app TradeHub available on the iPhone.
    • Entrepreneur interviews Candance Klein, CEO of SoMoLend.
    • Brr Media interviews Kiboo founder and CEO Lisa Halpern.
    • TechCrunch chats with Simple CEO and co-founder Josh Reich to find out why Simple is better than your bank.
    • Lend Academy reports: Lending Club Issues $120 Million in New Loans in February.
    • American Banker reports: Bank of Zachary Selects Andera’s Account Opening System.
    • Check Point positioned as leader for 16th consecutive year in 2013 Gartner Magic Quadrant for Enterprise Network Firewall.
    • The WSJ reports: SecondMarket to Launch Student-Loan Securities Platform.
    • Blippy for iPad available at the iTunes App store.
    • Comarch announced as a sponsor of Loyalty Expo 2013 in Orlando, Florida.
    • Prepaid Resources announces partnership with IDology.
    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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