Finovate Alumni News– October 25, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGeezeo signs three more referral engine clients.
  • ComputerWorld looks at how SilverTail Systems mitigates fraud.
  • Bank Innovation highlights CashStar’s partnering with banks for its gift-reward program.
  • Zecco is listed as 1 of 7 smart ways to invest $100.
  • Weemba reports a growing number of personal loan requests.
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– October 17, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGCS Federal Credit Union selects Geezeo to provide PFM service.
  • eToro Blog increases number of daily posts.
  • T8 Webware presents Thinc Iowa Opening Party Oct. 20.
  • Clairmail wins BAI Mobile Pace Setter Award.
  • Silver Tail Systems is selected as a SINET 16 Innovator.
  • CarryQuote wins prestigious 2011 Bully Award.
  • Everything Finance Blog reviews Prosper.com.
  • Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
  • Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
  • T8 Webware signs 14 bank customers to its Grip Platform.
  • Lighter Capital CEO Andy Sack guest-posts about
    revenue-based financing on AVC blog.
  • Q2ebanking partners with Unwired Nation to expand
    its mobile banking.
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.

Alumni News — Week of July 4, 2011

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Boku

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CNNMoney examined Zong’s competition with Boku. Link
BrightScope
  • The Forbes blog recommended BrightScope as a tool to check your financial advisor’s history. Link
  • The Washington Examiner discussed how BrightScope helps consumers make informed decisions about their 401(k) plan. Link
Clairmail
Clairmail increased its security by using authentication from the RSA Secured Partner Program. Link
Credit Karma
The Forbes blog recommended Credit Karma as a tool to track and monitor your credit score. Link
Credit Sesame

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The Forbes blog recommended Credit Sesame as a tool to track and monitor your credit score. Link

Dwolla
Dwolla updated its iPhone app to allow customers to send money via email. Link
Dynamics
American Banker discussed Dynamics’ adaptability to the mobile payment world. Link
Enloop
Small Biz Technology outlined three of Enloop’s features. Link
eToro
AlphaTrade Finance discussed eToro’s CopyTrader network. Link
Expensify
Expensify’s app was listed as Gearburn’s App of the WeekLink
Finsphere

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GeekWire reviewed Finsphere’s new round of $1.75 million funding. Link
Geezeo
American Banker reported that Geezeo’s partnership with Sharetec Systems will help Geezeo reach more credit unions. Link

Guardian Analytics
The Street reported that Guardian Analytics’ Anomaly Detection & Fraud Monitoring will help financial institutions meet updated FFIEC guidelines. Link

Kony Solutions
Kony Solutions announced a partnership with Donriver for the delivery of multi-channel mobile apps. Link
Mint.com
The Quickbooks blog examined Mint.com’s PFM tool. Link
Monitise Americas

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Monitise developed two banking apps designed for the iPad for NatWest and RBS. Link
PayNearMe
The Paypers interviewed Avangate and PayNearMe regarding their partnership and various future endeavors. Link
PayPal
TechCrunch speculated that eBay’s acquisition of Zong  will advance PayPal’s mobile payments. Link
ProfitStars
Credit Union Times discussed ProfitStars’ partnership with Corporate One Credit Union. Link
Prosper
The Social Lending Network reviewed Prosper’s new Quick Invest feature. Link
Q2ebanking

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Q2ebanking commented on the security implications of the new FFIEC guidelines. Link
RobotDough
The Motley Fool highlighted RobotDough as a powerful new tool for individual investors. Link
SilverTail Systems
  • Credit Union Times reported that SilverTail Systems’ capabilities enable financial institutions to comply with FFIEC guidelines. Link
  • Homeland Security Television profiled SilverTail Systems. Link

ThreatMetrix
ThreatMetrix enhanced its security in anticipation of FFIEC guidelines. Link
TradeKing
Stockbrokers4u.com analyzed TradeKing’s services. Link
Xero
Xero hired a CFO onto to its team. Link
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Yodlee
  • Yodlee released its new MoneyCenter app. Link
  • Quickbooks’ blog examined Yodlee’s PFM tool. Link
  • TechCrunch reported that Yodlee reached 30M users. Link

Alumni News — Week of June 6, 2011

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Andera
  • Andera launched FortiFI, a new fraud prevention system. Link 
  • Andera CEO Charlie Kroll discussed the release of FortiFI. Link 
ChargeSmart
  • ChargeSmart launched ChargeSmart Direct to provide customers with additional access to support staff. Link 
  • Fox Business News highlighted ChargeSmart and PlasticJungle’s gift card trading service as a way to make savings fun. Link   
Check Point Software Technologies 
Check Point announced the 2012 version of ZoneAlarm. Link 
Currensee 

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  • Forex Crunch outlined the benefits of Currensee, describing its profitability as “significantly high”. Link 
  • The Street highlighted Curensee as a startup that “rocks” the financial house. Link 
doxo
  • Chicago Tribune discussed doxo’s step toward a paperless society. Link 
  • TechCrunch & VentureBeat featured the launch of doxo’s mobile app, a mobile digital filing cabinet. Link  and Link 
  • Macworld took a closer look at doxo’s new app. Link   
Dwolla

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  • Dwolla released Grid, a feature that protects personal user information. Link 
  • The Street highlighted Dwolla as a startup that “rocks” the financial house. Link 
  • The Next Web interviewed Dwolla about its API. Link 
Enloop 
StartUp Beat profiled Enloop. Link
eWise 
eWise raised $14 million in funding. Link
Expensify 

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CNNMoney named Expensify as one of five best apps for businesses. Link
FreeMonee 
CardTrak.com examined FreeMonee’s gift network. Link
Ftrans 
Ftrans raised $650,000 in equity financing. Link
GoalMine 
GoalMine won The Core Underbanked Innovators Challenge at the 6th Annual Underbanked Financial Services Forum hosted by Core Innovation Capital. Link
Jemstep 

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Jemstep launched a new version of its service that features many improvements. Link
mFoundry 
The Washington Post reported that mFoundry’s mobile deposit service is its most requested feature. Link
Mitek
  • Mitek Systems was granted 4 more patents for its mobile deposit feature. Link 
  • Bank Technology News discussed Mitek’s new patents. Link 
Monitise
  • Monitise launched its services in India. Link 
  • The Wall Street Journal covered Monitise’s 5-year agreement with Visa. Link 
  • TechCrunch examined Monitise’s recent deal with Visa. Link  
Prosper 
Prosper raised $17.5 million in funding from investors. Link
RobotDough
The Street highlighted RobotDough as a startup that “rocks” the financial house. Link

SecondMarket 
CNBC interviewed Barry Silbert, CEO of SecondMarket, regarding its role in IPOs. Link
Silver Tail Systems 
Silver Tail Systems raised $20M in a Series B funding round. Link

Striata 
Striata partnered with POCiT to enable bill payments. Link
Sybase 
Sybase was named the most successful database software vendor in China. Link
ThreatMetrix  

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ThreatMetrix collaborated with USA ePay to provide fraud prevention to online retailers. Link
TradeKing 
TradeKing partnered with CoolTrade for automatic stock trades. Link
UBank 
UBank voiced that it will change the banking industry by using the web and mobile technology. Link
Zopa 

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BBC’s Radio 2 interviewed Zopa CEO Giles Andrews about P2P lending. Link 

Big Funding Week for Finovate Alumni

This week, three Finovate alumni reached significant funding milestones.  


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New round
$14 million Series B from Wellington Partners, Balderton Capital, TTV Capital, and Patagorang 
Funding History
$12.1 million Series A in July 2010
Previous Investors
Balderton Capital, Stanley S. Shuman of Allen & Co., and Total Technology Ventures 
Profile
Market Position: Online Payments and Personal Financial Management
Founded: 1999
Locations: Denver, London, Australia, and China
Description 
eWise creates payment and financial management solutions for financial institutions including:
  • eWise Pay By Account 
  • eWise Pay Anyone 
  • eWise Account Aggregation
  • eWise Personal Financial Manager 
  • eWise eAuthentication
For more information on eWise’s innovations, see their FinovateEurope 2011 and FinovateSpring 2011 demos.
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New Round 
$17.2 million from Draper Fisher Jurvetson, Crosslink Capital, Accel Partners, CompuCredit, Omidyar Network, Eric Schmidt’s TomorrowVentures and Volition Capital 
Funding History
$7.5 million Series A in April 2005
$12.5 million Series B in February 2006
$20 million Series C in June 2007
$14.5 million Series D in April 2010
Previous Investors 
Accel Partners, Benchmark Capital, DAG Ventures, Eric Schmidt
Fidelity Ventures, Meritech Capital Partners, Omidyar Network, QED Investors, and TomorrowVentures
Profile
Market Position: Peer-to-peer Lending
Founded: 2006
Location: San Francisco, CA
Description 
Prosper, a peer-to-peer lending site with over one million members, has funded $236 million in personal loans. To see Prosper in action, check out their FinovateStartup 2007, FinovateStartup 2008, and FinovateStartup 2009 demos. 
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New Round
$20 million Series B funding from Andreessen Horowitz, Leapfrog Ventures, Seraph Group, and Startup Capital Ventures
Funding History
$2.1 million Series A in September 2008

Previous Investors
Leapfrog Ventures, Seraph Group, Startup Capital Ventures
Profile
Market Position: Security
Founded: 2008
Location: Palo Alto, CA
Description
Silver Tail Systems’ products detect online and mobile fraud, help investigate possible attacks, and prevent future attacks. To learn more about Silver Tail Systems’ innovative fraud detection, check out their FinovateStartup 2009, Finovate 2009, FinovateSpring 2010, FinovateFall 2010, FinovateEurope 2011, and FinovateSpring 2011 demos.

Alumni News — Week of March 28, 2011

To follow Finovate alumni news in real time, follow us on Twitter here

Bill.com and Doxo recognized as “AlwaysOn OnDemand 100 Top Private Company.” http://bit.ly/finovate329114 http://bit.ly/finovate329115
Bling Nation launches Social Connect platform. The platform allows Bling users to connect online with social rewards features from their favorite merchants. http://bit.ly/finovate328113
Bobber Interactive garners $1.1 million Series A funding round. This funding round was led by PEAK6 Investments. http://bit.ly/finovate41113
Capital Access expands remittance program to include Puerto Rico and 21 more countries. The Capital Access platform is designed for “daily” remittances and revenue-sharing programs.  http://bit.ly/finovate329111
COCC selects mFoundry as mobile banking partners. The company has selected mFoundry’s mobile INSIGHT product for multi-mode mobile banking services. http://bit.ly/finovate328114
Mint.com launches “Quest for Money” online game. The game is intended for middle school students and is available to play online. http://bit.ly/finovate411111
Morningstar to provide mutual fund Platform to eRollover. eRollover users will have access to Morningstar’s historical information and comparison tools for mutual funds. http://bit.ly/finovate329113
Silver Tail Systems wins Emergent Technology Award. The award, given by the Merchant Risk Council, is rewarding the company’s innovative security systems. http://mwne.ws/finovate328112
Sybase argues NFC is “way overhyped.” In VentureBeat Sybase President Marty Beard argues that it isn’t proven that NFC really is better than the other technologies available. http://bit.ly/finovate41112
Xero launches integrated payroll solution. http://bit.ly/finovate329112 

Alumni News — Weeks of January 24, 31, and February 7, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here.


Betterment and Mint.com partner for “set it and forget it” investment accounts. The accounts have no minimum balance. http://bit.ly/finovate210111

Bling Nation rolls out the “fan connect” platform in Chicago. The Chicago rollout is part of a broader national rollout to come. http://bit.ly/finovate210112

Cardlytics and NetSpend partner to bring reward offers to the underbanked. The partnership will create opportunities for targeted offers to reach users of prepaid debit cards. http://bit.ly/finovate28112

Cardlytics wins Red Herring Global 100 winner. — Cardlytics is a pioneer in in-statement merchant-funded rewards. http://bit.ly/finovate27114

CashEdge and NYCE join forces to provide person to person payment technology. Popmoney will now be available to 3,000 NYCE financial institution clients. http://bit.ly/finovate211112

ClairMail announced that revenue tripled in 2010. The company attributes the growth to the launch of their mobile connectivity architecture in early 2010. http://mwne.ws/finovate28115

DebtGoal launches OWEing.com. The new site acts as the flagship domain and provides a tools and content supporting debt reduction. http://bit.ly/finovate131112

eRollover launches Advisor Center. Ask retirement questions online in the new Advisor Center. http://bit.ly/finovate124112

Fiserv and WorkLight partner to make mobile application deployment and development faster. http://bit.ly/finovate125111

Frost and Sullivan names mFoundry “Entrepreneurial Company of the Year” in the mobile banking category. http://bit.ly/finovate121114

Guardian Analytics announces 150%  growth. The company attributes the rapid growth to the success of its FraudMap technology. http://bit.ly/finovate210113

Jack Henry’s ProfitStars.com launches new services to help small businesses accept online payments. http://bit.ly/finovate211111

Lending Club increased the maximum loan amount from $25,000 to $35,000. http://bit.ly/finovate27113

mFoundry launches standalone mobile deposit solution that can be implemented at a financial institution within 30 days. http://bit.ly/finovate28114

Intuit’s Mint and TurboTax team up to make taxes easier. http://bit.ly/finovate121111

Mozo launches Money Q & A portal where users can ask questions or answer questions posed by others. http://bit.ly/finovate211113

On Deck Capital secures $15 million Series-C funding. The funding round was led by SAP Ventures. http://bit.ly/finovate131111

Plastyc closes $2 million strategic investment from Core Innovation Capital. Core Innovation Capital is the investment partner for the Center for Financial Services Innovation. http://bit.ly/finovate28111http://www.silvertailsystems.com/

Silver Tail Systems announces the addition of a user-specific monitoring system. http://bit.ly/finovate124111

SmartyPig.com adds sixty new online retailer cash-back partners, and six more gift card partners. Expedia, Hotels.com, Cabela’s and Babies R Us are included in this latest offering. http://bit.ly/finovate131113

SmartyPig’s cash rewards card wins Paybefore award twice. http://bit.ly/finovate12112

The Receivables Exchange partners with Biz2Credit, an online loan-matching portal. http://bit.ly/finovate125113

Alumni News — Week of January 17, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Acculynk brings PaySecure PIN security to mobile devices. – The mobile PIN payment system should be available to consumers in first quarter 2011. http://bit.ly/finovate119113
AlphaClone is mentioned on Wall Street Journal front page article, “Pack Mentality Grips Hedge Funds.” – The story ran Jan 15, 2011 and details the similar strategies in hedge fund management. http://bit.ly/finovate118113
Backbase opens a New York City office to house field operations staff and help to serve East Coast financial institutions. http://bit.ly/finovate117112
Bill.com partners with Track1099 for easy, paperless IRS-1099 filing. – Users can report independent contractor payments in two easy steps direct from their bill.com page. http://bit.ly/finovate118112
iPay Technologies launches Biz 2.0 Crossover to help small businesses convert to business online bill payment. – The system identifies businesses using consumer online bill pay and targest them for upgrade to the business version. http://bit.ly/finovate119111
Kasasa adds Neighborhood Credit Union to the fold. – NCU is the largest credit union in the Dallas-Ft. Worth area. http://bit.ly/finovate117114
Kony solutions raises $19.1 million for mobile application platform. – Kony creates mobile applications for numerous industries including banking and investments. http://tcrn.ch/finovate119115
Frost and Sullivan names mFoundry “Entrepreneurial Company of the Year” in the mobile banking category. http://bit.ly/finovate121114
Mint and TurboTax team up to make taxes easier. – Mint allows for tagging of deductible transactions and free e-filing via Turbo Tax. http://bit.ly/finovate121111
SilverTail Systems is hosting a Webinar on Jan 27 covering the differences between ecommerce and online financial Fraud. — http://bit.ly/finovate117111
SmartyPig’s cash rewards card wins Paybefore award twice. – Congratulations to Smartypig for winning in two categories, “best general purpose reloadable program” and “best consumer value in prepaid.” http://bit.ly/finovate12112
Joseph Leone, former vice chairman and CFO of CIT Group, joins the board of advisors at The Receivables Exchange. – Leone is a nationally recognized expert in commercial lending.  http://bit.ly/finovate118111

Weekly Updates — Week of November 8, 2010

Here’s the news from the Week of November 8, 2010. To see our updates real-time, follow us on Twitter.

Bling Nation partners with the southern USA’s largest grocery chain, Brookshire Grocery. — Bling Nation users can now pay, redeem and earn rewards with their mobile device at Brookshire and Super 1 stores. http://bit.ly/finovate11121
Donate to charity with SwipeGood and Blippy. — Purchases are rounded up to the nearest dollar and the difference is donated to the charity of your choice. http://bit.ly/finovate1185
Card 2.0 from Dynamics wins “Best in Show.”  — The high-tech credit card was named the best innovation in personal electronics in a pre-show contest sponsored by the Consumer Electronics Show (CES). http://bit.ly/finovate11101
See how eRollover makes rolling over a 401k simple . http://bit.ly/finovate1192
Jemstep announces the Jem 5. — Each week Jemstep will list its top 5 mutual funds. http://bit.ly/finovate1182
Michican First Credit Union adds Jwaala online banking services. — Michigan First has 80,000 members and $550 million in assets and was founded in 1926.  http://bit.ly/finovate1193
Jwaala partners with iPay to provide bill-pay solutions. http://bit.ly/finovate1102
Rudder.com shut down its online PFM service on Nov 3.  http://bit.ly/finovate1183. — A conversion guide is available to those who wish to move to MoneyStrands. http://bit.ly/finovate1184
See Silver Tail’s  “federation service” in action. http://bit.ly/finovate1181
Silver Tail  Systems won a contract to provide behavior analytics to US Government websites. http://bit.ly/finovate1191
 

FinovateFall 2010 Demo Videos Now Available

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We’re pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall’s NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition! 

(P.S. If you’re interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)


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Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.