SecondMarket

Finovate Alumni News– January 30, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Monitise, Rebirth Financial, SecondMarket
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCrowdsourcing.org features Rebirth Financial.
  • FS Tech examines a few companies presenting at FinovateEurope next week in London.
  • SecondMarket prepares for Facebook IPO by setting its sights on China.
  • Monitise recognized as the winner of the ‘Deal of the Year’ The Grant Thornton Quoted Company Awards 2012.
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

SecondMarket Exceeds $1 Billion in Deals

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

SecondMarketLogo3.jpg

2011 was a big year for IPOs and that has been reflected in the growth of secondary marketplace, SecondMarket. 

Yesterday, Forbes published statistics on the startup’s performance over its three years of operation:

    • In 2011, private company transactions totaled $558 million
    • From 2011 to 2010, private company transactions increased 55%
    • Since it began in 2008, the startup has exceeded $1 billion in deals
    • In 2011, over 61% of transactions were in the social media and consumer web space

2011 Sellers:

    • 79% were ex-employees
    • 11% were employees
    • 4% were investors
    • Less than 1% were founders

2011 Buyers (by dollar value):

    • 73% were institutions
    • 27% were individuals

The top 10 most watched companies on SecondMarket (as of 4Q 2011):

    1. Facebook
    2. Twitter
    3. Foursquare
    4. Dropbox
    5. Yelp
    6. Gilt Groupe
    7. Hulu
    8. Square
    9. Living Social
    10. Spotify

To learn more about SecondMarket, watch its FinovateStartup09 demo.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– January 20, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Cardlytics, Cartera Commerce, Dynamics, HelloWallet, PayPal, Prosper, SecondMarket, Simple, Zopa
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider looks at how BillGuard and Simple use Big Data.
  • Dough Roller recommends using HelloWallet to keep track of your cash.
  • P2P-Banking looks at Zopa’s online marketing spending.
  • NACS Online explores the Dynamics smarter credit card.
  • American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
  • PayPal’s payments technology to reach all Home Depot locations by March.
  • SecondMarket exceeds $1 billion in deals.
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 18, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, BrightScope, Dwolla, InComm, Intuit, Kasasa, LearnVest, On Deck Capital, PayPal, Plastyc, Ready Receipts, SecondMarket, ThreatMetrix
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgReady Receipts officially launches paperless receipt technology.
  • nFinanSe seeks to halt new debit card network by InComm, alleges price-fixing conspiracy.
  • VentureBeat discusses the IPO market with SecondMarket CEO Barry Silbert.
  • On Deck partners with the National Association for Small Business.
  • SignatureLink to integrate ThreatMetrix’s Cybercrime Defender Platform with its technology
  • Intuit hires former Apple executive to lead Canada division.
  • Fox Business News interviews LearnVest founder and CEO, Alexa von Tobel.
  • The Next Web compares and contrasts PayPal and Dwolla with other payment methods.
  • Plastyc’s UPside cardholders can now load cash onto cards at 7-Eleven stores.
  • Oregon-based Credit Union launches BancVue’s Kasasa.
  • BrightScope partners with social media expert Arkovi.
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 2, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, Boku, BrightScope, CashStar, LearnVest, Lighter Capital, Rebirth Financial, SecondMarket, Weemba
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMaine Public Broadcasting Network profiles CashStar.
  • Bank Technology News describes how Bill.com uses capital infusion to build a cash flow dashboard for businesses.
  • SecondMarket’s homepage gets a makeover.
  • The CBS Early Show features Weemba, Lighter Capital, and Rebirth Financial.
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

2011 Funding for Finovate Alumni– Over $423 Million Raised

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, BillGuard, Bobber Interactive, Braintree, Cardlytics, CashStar, Continuity Control, Credit Sesame, Dynamics, edo Interactive, eToro, eWise, Finsphere, FTRANS, Guardian Analytics, Kabbage, Kony Solutions, Lending Club, Lendio, mFoundry, MiiCard, MOOTWIN, On Deck Capital, peerTransfer, Plastyc, Prosper, SecondMarket, SecureKey, Silver Tail Systems, Simple, Xero

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we’ve compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:
  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:
January — $40.8 million raised by 3 companies
February — $10.3+ million raised by 3 companies
March — $20.4 million raised by 4 companies
June — $124.4 million raised by 8 companies
July — $1.1 million raised by 1 company
August — $103.4 million raised by 8 companies
September — $33 million raised by 1 company
October– $22 million raised by 2 companies
November — $16.3+ million raised by 3 companies
December — $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– December 13, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lending Club, Prosper, ReadyForZero, SecondMarket, Transecq, VISA, Zopa

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • Visa certifies authentication system from Transecq’s sister company, ENTERSECT.
  • New Scientist recommends borrowing from the crowd by using P2P sites Zopa, Prosper, & Lending Club.
  • Freewaregenius recommends using ReadyForZero to pay off and manage debt.
  • Yahoo! Finance reports SecondMarket’s Barry Silbert contributed investments to SponsorHub’s $750,000 round.
  • PayNearMe enables BHPH auto dealers to expand collection of cash payments.
  • Kabbage secures $12 million in financing.
  • ThreatMetrix wins Red Herring Global 100.
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– December 5, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Credit Karma, eToro, Kony Solutions, Lighter Capital, Mint.com, Personal Capital, SafetyPay, SecondMarket, Simple, Weemba
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma’s tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
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– December 2, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Boku, Dwolla, Expensify, Jemstep, Leadfusion, Lending Club, MasterCard, mFoundry, peerTransfer, Prosper, SecondMarket, Simple

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the “Dwolla-trajectory.”
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club’s Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
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– November 16, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arroweye Solutions, Betterment, CashStar, DoughMain, Dynamics, Finsphere, Geezeo, Lendio, SecondMarket, Wonga
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgApparel Retailer Aeropostale selects CashStar to provide e-gift cards.
  • CU Insight reports that Geezeo partners with IBT, a financial services innovator.
  • Dynamics’ Chip And Choice Technology wins 2011 CARTES Best in Show Award.
  • NY Daily News recommends LearnVest and DoughMain as resources for financial education.
  • Lendio inspires future entrepreneurs with $2,500 scholarship.
  • Arroweye approved to digitally produce Discover Cards.
  • ABA Banking Journal describes mobile banking, citing Celent’s report, “Innovations in Mobile at Finovate.”
  • Affinion Group to distribute Finsphere’s Mobile Transaction Monitoring service.
  • Betterment CEO Jon Stein interviews with top investment bloggers.
  • Centuryware discusses SecondMarket’s success.
  • Wonga CEO named Entrepreneur of the Year by European Tech Tour 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– November 11, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Dwolla, InComm, Lighter Capital, Prosper, ReadyForZero, SecondMarket

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

  • Social Times hosts BillGuard as it shares its elevator pitch. Asks: Is it the next big thing? 
  • Business Insider interviews Ben Milne from Dwolla & shares how its frustrating credit card companies.
  • Lighter Capital reacts to fraud, implements fraud prevention.
  • Bloomberg reports SecondMarket gets lobbying win in gridlocked congress.
  • Prosper gives military families their second loan payment free when they get a loan via Prosper.
  • Vinod Khosla, founder of Sun Microsystems and Khosla Ventures, places BillGuard on his “Cool Dozen” list.
  • Weemba plays matchmaker For borrowers.
  • Personal Capital launches daily news service.
  • Planwise launches financial planning tool beta.
  • Tech Cocktail interviews HelloWallet CEO Matt Fellowes.
  • Pilot of the new Zecco Trading Center has begun.
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

SecondMarket Reels in $15 Million From Former Facebook VP

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

SecondMKTLogo.jpgYesterday, SecondMarket announced a new round of funding: a $15 million Series C from The Social+Capital Partnership, a new venture fund established by former Facebook executive Chamath Palihapitiya. He will also join the SecondMarket board. 

This brings SecondMarket’s total funding to $34 million with a $200 million valuation according to the Wall Street Journal, an increase of $50 million since February 2010.
To learn more about SecondMarket, watch its FinovateStartup 09 demo.

Share this:

Send Post Twitter LinkedIn Facebook