Finovate Alumni News– March 6, 2014

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  • iQuantifi launches financial advice platform to general public.
  • Billeo and Danal partner to create a mobile ID solution for Billeo’s XpressBuy checkout service to make it easier by autofilling forms with your relevant information.
  • GMC Software Technology and Kony partner to develop next-gen document tech solutions for businesses.
  • SecureKey Concierge Service tops one million-credential mark.
  • American Banker takes a look at Jack Henry & Associates and its acquisition of Banno.
  • FinovateEurope: Behind the Scenes with Arxan Technologies, Kensho, and Plutus Software.
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.

SecureKey Wins Deployment at Royal Canadian Mint

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Thanks to SecureKey, users of the Royal Canadian Mint’s new cloud-based digital currency, MintChip, will have the benefit of multi-factor authentication when it comes to securely accessing their digital dollars and cents.

SecureKey’s briidge.net Connect Mobile SDK will be embedded into the MintChip mobile app. Authentication is based on a unique device ID that connects the unit to the user account in the cloud, and a four-digit PIN.

Charles Walton, CEO at SecureKey states
“(This deployment) offers an excellent example of how our briidge.net Connect service can make the benefits of strong, multi-factor authentication available in an extremely friendly way for consumer-facing mobile apps.
Consumers will simply enter their QuickCode PIN on their mobile device to authenticate to their MintChip cloud account.”
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The MintChip project was announced in 2012. Backed by the Canadian government, the “digital cash-like product” in the words of Royal Canadian Mint chief emerging payments officer, Marc Brûlé, is designed to facilitate small denomination shopping (i.e., $10 and below) such as buying coffee or fast food, as well as for online transactions.
The secure smart card supports both MicroSD for use with mobile devices and USB for use with PCs. Merchants with significant transaction volumes can take advantage of a secure hardware option.
SecureKey won Best of Show for their authentication technology at FinovateFall 2010 in New York. The company has raised more than $49 million, and is headquartered in Toronto, Canada.

Finovate Alumni News– August 21, 2013

  • FinovateLOGO.jpgWhat Themes Will Heat Up the FinovateFall Stage?
  • Cardlytics announces patent on offer placement and management systems.
  • MasterPass gains traction as 16 payment service providers in Australia agree to provide MasterCard’s digital payment option for business customers.
  • Arroweye Solutions launches CustomerConnect, a data-driven, card marketing technology solution.
  • Jonathan Lee of Phony Invoices talks about invoice fraud at Accounting Today. See them demo at FinovateFall in September.
  • SecureKey Technologies wins contract with USPS to develop Federal Cloud Credential Exchange (FCCX).
  • Fiserv renews technology relationship with Community First Credit Union in Wisconsin.
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.

FinovateAlumni News– July 2, 2013

  • 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.

Finovate Alumni News– June 18, 2013

  • Finovate-F-Logo.jpgID Analytics and IdentityMind partner to reduce online fraud and stop merchant account creation fraud.
  • SimpleTuition adds 10 U.S. colleges as partners.
  • United Texas Bank selects Q2ebanking platform to accelerate unified virtual banking for anytime anywhere access.
  • SecureKey and Intel beef up authentication for MasterPass.
  • ShopKeep POS grows To 6.5K+ merchants.
  • Fairwinds Credit Union chooses Intuit for digital banking.
  • Realty Mogul and Entrepreneurial Finance Lab selected as 2 of 5 SWIFT Innotribe finalists of Startup Challenge New York.
  • Bank Innovation features how Entrepreneurial Finance Lab and VoiceTrust can combine psychographics and biometrics to revolutionize financial services.
  • ForexSmash reviews Currensee Social Trader.
  • Kansas City Business Journal profiles EyeVerify founder and CEO Toby Rush.
  • GigaOM Pro Blog takes a look at TransferWise through the lens of traditional Hawala informal money transfer networks.
  • My Money Blog reviews Realty Mogul and the concept of fractional investment property ownership.
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– June 12, 2013

  • Finovate-F-Logo.jpgSan Diego County Credit Union launches Cardlytics’ card-linked marketing platform.
  • Newfination: Bill Harris talks about Personal Capital’s new funding round and the issue of continuity.
  • SecureKey’s briidge.net DNA security software and authentication service have been integrated with MasterCard’s MasterPass.
  • BellaDati selects Chicago as its U.S. Headquarters.
  • CEO and co-founder of OpenCoin, Chris Larsen, writes about Bitcoin and “the future of money.”
  • Mint, BudgetPulse listed among budgeting options in column on digitizing your finances.
  • DigitalMailer signs technology and marketing partnership with CoreTrack.
  • Locaid closes $4 million funding round.
  • DeviceFidelity partners with Susan G. Komen Dallas County via moneto Prepaid MasterCard program.
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– April 23, 2013

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  • Executive Magazine profiles TransferWise and talks Middle East expansion.
  • Reference Data Review takes a look at Fenergo’s efforts to make compliance easier and more efficient.
  • ACI Worldwide announces Universal Payments Platform.
  • TransferWise wins Estonia’s “Best E-Service” contest.
  • Joe Brancucci, CEO of GTE Financial joins Mortgage Harmony Advisory Board.
  • Keith Kelly, Mortgage Harmony CEO, awarded a Tech All-Star Award by Mortgage Banking Magazine. Check out Mortgage Harmony’s live demo at FinovateSpring.
  • Ping Identity named 2013 Top Workplace by The Denver Post for second consecutive year.
  • SecureKey named Top Growth Company in 2013 Branham300 list of Top 10 Growth Companies.
  • Global Security Services Company selects Kofax to automate accounts payable operations in Latin America. Check out Kofax at FinovateSpring.
  • ProfitStars wins 2013 Payments System Awards from NACHA – the Electronic Payments Association.
  • ACI Worldwide’s Architech Mobile Banking provides PFM, integrated bill payment and account-to-account transfers to iOS, Android smartphones.
  • Azimo wins SWIFT Innotribe challenge; advances to finals at Sibos 2013 in Dubai.
  • peerTransfer now serving more than 300 colleges and universities, has partnered with 48 new educational institutions during the first quarter of 2013.
  • Zooz closes $2 million Series A round led by XSeed Capital. See Zooz in action at FinovateSpring in May.
  • GeoComply and Locaid team up to bring geolocation services to mobile and Internet gaming industry. See Locaid demo at FinovateSpring in May.
  • Innov8social interviews Julia Streuli, head of communications for Bright Funds. Join Bright Funds in San Francisco for FinovateSpring.
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– March 26, 2013

  • Thumbnail image for Finovate-F-Logo.jpgTransferWise featured in HuffPost Students United Kingdom.
  • EZBOB investor John Garfield profiled in The Telegraph.
  • Money.co.uk compares money transfers through Azimo.
  • Fiserv partners with Romania-based Eutron Invest to provide Cash and Logistics solution portfolio to the Romanian market.
  • Forbes looks at the “best of the best” debt crowdfunders including Lending Club, Prosper, Zopa, SoMoLend, Rebirth Financial.
  • SecureKey announced availability of its cloud-based briidge.net identity and authentication platform.
  • ID Analytics introduces fraud detection solutions for online retailers.
  • The Globe and Mail lists Expensify as 1 of 5 apps that take the bumps out of business travel.
  • Petter Made, co-founder and COO of SumUp, talks about the advantages of Dublin as a base for business.
  • Credit Union Times reports: Fiserv launches SpotPay.
  • Finextra reports G&D and PayPal team on pre-paid mobile top-ups in Brazil.
  • Practical eCommerce takes a look at Klarna Invoice for OSC programs.
  • CSI’s globalVCard wins top entrepreneurial prize at 2013 Innovation Project.
  • Newfination interviews CurrencyFair’s Brett Meyers.
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– February 20, 2013

  • Finovate-F-Logo.jpgVoiceTrust and Finantix partner to provide voice-driven, secure mobile solutions.
  • Upstart Business Journal reports ShopKeep and LevelUp partner to keep up with the competition.
  • FamZoo introduces Family Pack of prepaid cards through partnership with TransCard.
  • Monitise collaborates with Blackberry & Permatabank to launch mobile payments service on Blackberry Messenger in Indonesia.
  • Lend Academy features Interview with New Prosper CEO Stephan Vermut.
  • SafetyPay partners with Computop to offer SafetyPay as part of its Paygate payment platform.
  • EnStream to enable the support of SecureKey’s authentication, identity & online payment solutions on mobile phones in Canada.
  • Virtual Piggy & WorldPay integrate to deliver youth payment solution internationally.
  • Luminous partners with Nihilent Technologies to sell Luminous’ solutions in India.
  • Tuition.io featured in this week’s Venture Capital program.
  • Mortgagebot expands space in Mequon with lease for new building.
  • PayPal to stop personal payments in Singapore on February 20 due to regulatory instructions.
  • iMore.com interviews Kashoo CEO Jim Secord at MacWorld|iWorld 2013.
  • TSYS announces acquisition of NetSpend in deal worth more than $1 billion.
  • ProfitStars announces year-over-year growth in P2P users, payments for its iPay Solutions service.
  • Metaforic’s product line now available for mobile apps written in Objective-C, the most commonly used language on iOS platform.
  • Delaware Online hails eDeposit as a boon for small businesses.
  • ACI Worldwide launches ACI Proactive Risk Manager to help FIs detect payment fraud.
  • Bazaarvoice builds new research and development unit, Bazaarvoice Media Labs.
  • Jack Henry & Associates add remote deposit capture to Android and iPhone versions of goDough app.
  • Opencart announces full integration of Klarna invoice and partial payment system.
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.

2012 Funding for Finovate Alumni– More than $450 Million Raised

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January — $25 million raised by 3 companies
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 com
panies
ActivePath: $10 million — blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

Finovate Alumni News– November 26, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker reports MoneyDesktop aims to make PFM more appealing.
  • Bass Pro Shops and Zappos.com added to Virtual Piggy’s digital distribution channel.
  • The Globe and Mail features SecureKey.
  • The Austin Statesman reports: Workers Praise Q2ebanking’s “Family-Type Environment”.
  • TransCard to use DeviceFidelity’s NFC tech to offer a new white-label mobile wallet. 
  • Kashoo Accounting version 2.0 for iPad now available on iTunes. 
  • Tech in Asia calls TradeHero “probably one of the best startup ideas in Singapore.”  
  • Ian McKenna takes a detailed look at innovations demoed at FinovateAsia.
  • Shamir Karkal, Simple CFO, explains where Simple’s ideas came from and how the project got off the ground.
  • The Banker interviews Bailey Klinger, Co-founder and CEO of EFL.
  • BancBox to set up a development center in Chandigarh, India.
  • Greedful.com features WeSeed: “The Stock Market Game that Pays Off”. 
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 13, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinextra reports Connect.Me and miiCard team on verified social reputation card.
  • American Banker interviews Yaron Samid, BillGuard CEO, on How BillGuard Plans to Create A National Dispute Database for Banks.
  • Kony becomes the mobile platform of choice for Banco Itau Unibanco, 1 of the World’s top 10 banks.
  • Tech in Asia considers how tech demonstrated at FinovateAsia relates to banks.
  • Former PayPal President Scott Thompson joins PaySimple Board of Directors.
  • Deloitte names SecureKey as one of Canada’s Companies-to-Watch in the 2012 Deloitte Technology Fast 50 Awards.
  • peerTransfer expands international payment services into Australian Markets.
  • Bank Innovation reports: Online Financial Services Provider Holvi Partnering with Crowdfunding Site Mesenaatti.
  • Vator News features Kevin Cimring, CEO of Jemstep.
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.