On Finovate.com

• itBit Raises $25 Million, Earns New York State Trust Charter Ahead of Finovate Debut Next Week in San Jose

Around the web

• The Fiscal Times features Wealthfront, Betterment, Personal Capital, FutureAdvisor, SigFig, and Motif Investing in a column on the rise of the robo-adviser.

• FierceFinanceIT highlights Lending Club and Prosper in its look at growing investment in P2P lenders by Wall Street.

• Version 3.5 of Wallaby Financial’s new Android app provides ambient alerts to help consumers save on gasoline.

• MiiCard CEO James Varga quoted in a column on Edinburgh’s tech pioneers.

• CAN Capital reaches milestone of $5 billion in working capital facilitated through its platform.

• Report on fintech in The Economist references Lending Club among key disruptors.

• Nokia partners with Checkpoint for telco cloud security.

• MyECheck completes acquisition and integration of Seergate.

• Yodlee adds LearnVest acquirer, Northwestern Mutual, as client.

• Javelin Strategy & Research lists 4 trends to watch at Finovate next week. Come see them unfold live at FinovateSpring 12/13 May.

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.