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Finovate Alumni News– August 16, 2012

By Julie Muhn (@julieschicktanz) Posted on August 16, 2012
Categories: Affinity Solutions, Kabbage, PayPal, PlayMoolah, SoMoLend, Taulia, Virtual Piggy

PayPal, Kabbage top PYMNTS.com’s Slate of Innovator Award Winners.

Aria Assistance chooses Affinity Solutions to provide legal services.

Toy News reports Kids’ online payment tool Virtual Piggy grows. Come to FinovateFall to check out Virtual Piggy.

Taulia featured on SAP’s In the Cloud with Game-Changers to discuss how startups are “changing the game”.

Gamify For The Win features PlayMoolah. Come see PlayMoolah’s live demo at FinovateFall.

Forbes explains how Candace Klein, SoMoLend CEO, succeeds at 5 minute pitches.

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– August 14, 2012

By Julie Muhn (@julieschicktanz) Posted on August 14, 2012
Categories: CashStar, Cortera, Guardian Analytics, LearnVest, MiiCard, MoneyDesktop, SoMoLend, Taulia

Cortera launches B2B Purchase Insights solution to enable sales, marketing & finance execs to research & understand customers.

American Banker reports: Guardian Analytics Offers Behavior-Based Fraud Prevention. Come to FinovateFall to check out its new technology.

miiCard joins Open Identity Exchange to help develop online trust standards.

Spa & wellness eGift cards by Spa Week available through CashStar’s B2B Partner Network.

Verallia North America chooses Taulia to provide dynamic discounting to supplier network.

Commercial Business Systems & RC Olmstead partner with MoneyDesktop. Come see MoneyDesktop’s live demo at FinovateFall.

SoMoLend launches small business competition.

Mashable features LearnVest. Check out their live demo at FinovateFall.

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– August 6, 2012

By Julie Muhn (@julieschicktanz) Posted on August 6, 2012
Categories: BillGuard, Digital Mailer, Dwolla, Kasasa, SoMoLend, Taulia, TradeKing, Virtual Piggy

Virtual Piggy adds security service for parental consent of website use.

Cincinnati.com reports how SoMoLend helped a local business receive funding.

CU Times examines how Northwest FCU is using Digital Mailer’s web-based deposit box solution. Come see Digital Mailer at FinovateFall.

Barron’s looks at TradeKing’s post-merger plan.

ZDNet considers Taulia’s innovation.

Huffington Post examines how BillGuard uses crowdsourcing.

Fins Technology interviews Dwolla CEO, Ben Milne.

CU Times reports: Kasasa Bids to Go Nationwide.

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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Second Quarter 2012 Funding for Finovate Alumni: Over $120 Million Raised

By Julie Muhn (@julieschicktanz) Posted on July 31, 2012
Categories: Affinity Solutions, Arroweye Solutions, Cartera Commerce, Credit Sesame, DoughMain, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SecureKey, SoMoLend, Yodlee

This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.

Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.

Here’s the quarter 2 summary for 2012:

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 — Over $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

Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to julie@netbanker.com and we will add it.

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Finovate Alumni News– July 31, 2012

By Julie Muhn (@julieschicktanz) Posted on July 31, 2012
Categories: Check Point, Kasasa, Lending Club, MoneyDesktop, SecureKey, SoMoLend, Stocktwits, Xero

StockTwits integrates with Chart.ly.

SoMoLend and CircleUp form partnership.

SecureKey named eastern Canada’s winner of contest hosted by UK Trade & Investment. See its live demo at FinovateFall in September.

American Banker reports Park State Bank clients now have access to MoneyDesktop’s PFM.

Kasasa accounts have brought $55 million in interest to over 306k account holders at credit unions and community banks nationwide.

SecureKey wins one of three inaugural Secure Development Awards from Veracode.

Mashable reports StockTwits CEO ‘Disappointed’ With Twitter’s Cashtags.

Lending Club appoints former Visa & Morgan Stanley Executive, John MacIlwaine as new CTO.

Small Business Trends reports Xero makes changes to improve cloud-based accounting software.

Check Point Software launches new appliances for Sri Lanka.

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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SoMoLend and CircleUp Form Partnership

By Julie Muhn (@julieschicktanz) Posted on July 30, 2012
Categories: SoMoLend

SoMoLend, a platform that connects small business borrowers with investors, today announced a partnership with CircleUp, an equity-based lending platform.

The purpose of the partnership is to help small businesses find a source of capital that is tailored to meet their needs. Because SoMoLend supports micro-loans, while CircleUp facilitates equity investments, businesses will be able to choose from a wider variety of funding options.

The companies will also benefit from sharing information, best practices, and joint education efforts.

To learn more about SoMoLend, watch its FinovateSpring 2012 demo.

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Finovate Alumni News– June 5, 2012

By Julie Muhn (@julieschicktanz) Posted on June 5, 2012
Categories: DeMyst Data, GoalMine, Kashoo, Keynote DeviceAnywhere, MoneyDesktop, SoMoLend, wipro

InfoWorld looks at Keynote DeviceAnywhere’s role in mobile app testing.

Busniess News Daily describes SoMoLend as a matchmaker for business.

TimesUnion reports Keynote DeviceAnywhere and Worksoft Partners form partnership.

Wipro wins 10 year contract from Manipal Health Enterprises to implement Hospital Information System.

DemystData and Chexar Networks announce the launch of improved scoring models for underbanked consumers.

MoneyDesktop now integrated into the Symitar Episys processing platform at Member Driven Technologies.

Kashoo launches MVP program to give accountants & bookkeepers what they need to bring their clients to the cloud.

GoalMine acquired by Rev Worldwide.

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– May 22, 2012

By Julie Muhn (@julieschicktanz) Posted on May 22, 2012
Categories: Acculynk, Bobber Interactive, CSI globalVCard, Figlo, Geezeo, Kabbage, Linkable Networks, Luup, MoneyDesktop, Mortgagebot, Personal Capital, Q2ebanking, ReadyForZero, SoMoLend, Virtual Piggy

Personal Capital updates privacy and security policy.

ReadyForZero announces its iPhone app.

Geezeo signs Westmoreland Community Federal Credit Union.

Bobber Interactive adds Scott Rigby, Ph.D, Founder of Immersyve Inc., to its executive team.

Mortgagebot launches consumer loan product to automate mortgage & consumer loan origination.

Pawtucket Credit Union selects Q2ebanking for ebanking services.

Virtual Piggy appoints best-selling author, Stedman Graham, to its board of advisors.

MyBankTracker comments on Money Desktop’s integration of Deals into a PFM.

Mobile Payments Today looks at the CSI globalVCard.

Business2Community looks at Linkable Networks’ technology.

Crain’s Chicago Business covers Kabbage’s Social Klimbing.

Acculynk announces a UX upgrade to their graphical PIN pad.

Luup powers National Bank of Abu Dhabi’s real-time international account-to-account money transfer service via mobile.

Figlo wins Best Demo award.

SoMoLend wins Startup 2012 business pitch competition.

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– May 17, 2012

By Julie Muhn (@julieschicktanz) Posted on May 17, 2012
Categories: CurrencyFair, Kony Solutions, Mint.com, ReadyForZero, SafetyPay, SaveUp, SoMoLend, TradeKing, Wonga, Zecco

SoMoLend raises $1.17 in Seed Funding.

TradeKing and Zecco announce agreement to merge.

The Economist names CurrencyFair as an option for transferring money abroad.

The Economist looks at how Wonga, Mint, SaveUp, and ReadyForZero use Big Data.

Xconomy reports Kony Solutions receives $15 mil in Series C financing.

Finextra reports SafetyPay takes e-commerce cash payment service global.

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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SoMoLend Raises $1.17 in Seed Funding

By Julie Muhn (@julieschicktanz) Posted on May 16, 2012
Categories: SoMoLend

After finishing up a Best of Show win at FinovateSpring last week, SoMoLend announced yesterday that it has raised a round of $1.17 million in seed funding.

The round was lead by CincyTech and also included:

Queen City Angels
North Coast Angel Fund
Blue Chip Partners
Shaker LaunchHouse
Eldar Investment LLC
Clarion Direct Investment LLC
Numerous individual investors

The newly-launched startup plans to use the cash to complete the alpha version of the software, create market underwriting standards, and work on their capitalization plan.

To learn more about SoMoLend, watch its FinovateSpring 2012 demo, coming soon to Finovate.com

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Finovate Alumni News– May 16, 2012

By Julie Muhn (@julieschicktanz) Posted on May 16, 2012
Categories: Bill.com, BillGuard, Business Centric Services Groups, CoverHound, Dwolla, Klarna, LearnVest, Silver Tail Systems, SoMoLend, ValidSoft, Virtual Piggy, Wonga, ZipZap

Bill.com integrates with NetSuite to deliver seamless, cloud-based financial management.

Inc.well interviews Candace Klein, CEO of SoMoLend, about crowdfunding.

Virtual Piggy partners with World Industries.

Wonga launches in South Africa.

American Banker considers if Dwolla is a threat or opportunity for banks.

Soshable covers Klarna, CoverHound, Giftly, ZipZap, BillGuard, Dwolla and Virtual Piggy.

The Next Web takes a closer look at the tech that powers LearnVest.

BCSG partners with Sage to offer MyBusinessWorks customers the bookkeeping application Sage One Accounts.

ValidSoft announces partnership with Spindle to provide advanced payments security solutions to US-based customers.

Fast Company names Laura Mather, Founder and Chief Visionary of Silver Tail Systems, as one of the Most Creative People in Business.

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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FinovateSpring 2012 in the Press

By Julie Muhn (@julieschicktanz) Posted on May 15, 2012
Categories: Actiance, BankersLab, BankOns, BehavioSec, BillGuard, Cardlytics, Concur, CoverHound, DCisions, Dwolla, edo Interactive, Expensify, Experian, Flint Mobile, inStream Solutions, iQuantifi, Kuspit, Linkable Networks, MoneyDesktop, On Deck Capital, PaySimple, Personal Capital, Silver Tail Systems, SoMoLend, TIO Networks, Wall Street Survivor, WattzOn, ZipZap

Here’s a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune’s live blog on PaymentsViews, which covers all 63 presenting companies:

2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee
Link

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)

by Bobby Lee