ThreatMetrix

Finovate Alumni News — March 31, 2014

By David Penn Posted on
Categories: Bolstr, Jemstep, PayNearMe, ThreatMetrix, Top Image Systems, Trustly, Xero
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThreatMetrix CTO Andreas Baumhof discusses the need for new authentication strategies for retailers.
  • NBC Chicago interviews Larry Baker, co-founder of Bolstr, on the basics of crowdfunding.
  • Trustly named to 2014 Red Herring Top 100 Europe award.
  • The Real Money Story reviews Jemstep.
  • Top Image Systems and Konica Minolta Spain partner to market eFLOW Invoice and Digital Mailroom business automation projects.
  • Upstart Business Journal looks at how developments from payment startup PayNearMe match up against big players.
  • A look at Xero’s new integration with Square.
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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Updated: ThreatMetrix Raises $20 Million in Funding

By David Penn Posted on
Categories: ThreatMetrix

Thumbnail image for Thumbnail image for ThreatMetrix.jpg

We’re still waiting to hear word from the company, but according to an SEC filing uncovered by Venture Beat, anti-cyberfraud specialist ThreatMetrix just raised $20 million in new funding. 

This rivals the company’s last round from two springs ago in 2012, and takes ThreatMetrix’s total capital to more than $56 million.

In an interview with CIO magazine, ThreatMetrix CEO Reed Taussig discussed how his company uses Big Data and context-based authentication to help companies move beyond VPNs, hardware tokens, and one-time passwords. Instead, ThreatMetrix technologies analyze data ranging from information about employee devices to “transactional or application context.” 

This network of data is key to ThreatMetrix’s effectiveness. Said Taussig, 
“Rather than deriving decision data from a single enterprise, ThreatMetrix customers share anonymous data globally. This increases the perspective, quality, and value of the data while driving down the cost of the  enterprise.”
2014 has been a good year for ThreatMetrix. The company won most Innovative Anti-Malware Appliances Solution and Best Product Network Access Control Solution at the 2014 Cyber Defense magazine awards. ThreatMetrix took home bronze in the 2014 Global Excellence Awards in the Most Innovative Company of the Year (Security) competition.
Founded in 2005, ThreatMetrix is headquartered in San Jose, California, and has offices in New York City, Hong Kong, Sydney, and The Netherlands.
ThreatMetrix is one of Finovate’s oldest alums, demoing their technology as part of FinovateStartup in 2009.
Update: In a piece published today at The Paypers, we get some additional information – and some interesting metrics – about ThreatMetrix.
  • The funding came as part of a Series E round
  • The round was led by Adams Street Partners
  • ThreatMetrix analyzes more than 500 million transactions daily
  • ThreatMetrix’s technology secures more than 160 million active user accounts, covering 2,500 customers, and 10,000 websites.

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Finovate Alumni News– February 25, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Allied Payment Network, Aptys Solutions, Authentify, BBVA, Kapitall, Lendio, MasterCard, PayPal, ShopKeep POS, Simple, ThreatMetrix, Tyfone, Wallaby Financial

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  • Netbanker considers why the BBVA Simple Bank deal is extraordinary.
  • American Association of Motor Vehicle Administrators selects Authentify for NSTIC Trusted Online Identities Pilot.
  • ThreatMetrix wins Most Innovative Anti-Malware Solution and Best Product Network Access Control Solution at 2014 Cyber Defense Mag Awards.
  • Tyfone unveils Fluide mobile banking platform.
  • PayPal to be the first payment provider on the latest Samsung Gear 2 smartwatches.
  • Lendio marks a year of record growth.
  • Kapitall announces $13 million in funding in round led by Linden Venture.
  • Wallaby launches Google Glass payment app.
  • ShopKeep POS wins global Gold Stevie Award for Sales & Customer Service for 2nd year in a row.
  • MasterCard partners with Syniverse to pilot location-based, anti-fraud service.
  • MoadBus to offer Allied Payment Network’s PicturePay.
  • ACI Worldwide to power online banking for Trustco Bank.
  • Bankers’ Bank to deploy Aptys Solutions‘ PayLOGICS originating and processing wire 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.

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Finovate Alumni News– February 21, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: AdviceGames, CRIF, Fiserv, Nous.net, SocietyOne, ThreatMetrix, TSYS, Yseop, ZenPayroll
  • Finovate-F-Logo.jpgBanking Day reports: SocietyOne to take next step in development next month, when it announces the involvement of a strategic investor.
  • ThreatMetrix announces frictionless, context-based authentication to prevent unauthorized access to enterprise applications.
  • TSYS announces increased investment in Central Payment Joint Venture.
  • Fiserv Premier platform picked by New Jersey-based Sussex Bank.
  • CRIF acquires OFWI, aka, Teledata, from Axon Active Holding AG.
  • ZenPayroll brings in $20 million in Series A funding from General Catalyst and Kleiner Perkins.
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– December 6, 2013

By David Penn Posted on
Categories: Betterment, Cartera Commerce, Comarch, FutureAdvisor, Jemstep, LearnVest, Moven, ThreatMetrix, TransferWise, Wealthfront
  • Thumbnail image for Finovate-F-Logo.jpgMoney Under 30 reviews the Moven app.
  • Bloomberg BusinessWeek takes a look at Comarch’s report on banking in London’s “Tech City”.
  • Taavet Hinrikus, co-founder of TransferWise, weighs in on the state of the UK’s financial technology industry.
  • ThreatMetrix protected 1 in 4 U.S. e-commerce transactions on Black Friday and Cyber Monday.
  • Cartera Commerce launches American Airlines’ Mobile AAdvantage shopping site.
  • The Guardian profiles “robo-advisors” Betterment, LearnVest, FutureAdvisor, Wealthfront, and 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.

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Fourteen Alums Recognized in AlwaysOn Global 250 Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, Cartera Commerce, Credit Karma, FlexScore, Kabbage, Lending Club, On Deck Capital, Ping Identity, Placecast, SecondMarket, Taulia, ThreatMetrix, Wonga, Yodlee

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This year, 12 Finovate alums were selected among 250 other winners in the AlwaysOn Global 250 awards, and two Finovate alums were identified among 50 other Companies to Watch.

The awards honor the top 250 U.S.-based private tech companies, plus recognize 50 to watch. Some of the underlying themes in this group of 300 innovative companies include mobile technology, cloud-based solutions, and social network integration.

Here are the 12 Finovate alum winners of the 250 Awards, listed in alphabetical order:

BillFloat

    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2009
    • CEO: Ryan Gilbert
    • Total funding: $32.5 million
    • FinovateSpring 2011 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Lexington, MA
    • Founded: 2005
    • CEO: Tom Beecher
    • Total funding: $21.2 million
    • FinovateFall 2011 demo video
    • Category: Consumer Internet
    • Headquarters: Atlanta, GA
    • Founded: 2009
    • CEO: Rob Frohwein
    • Total funding: $53.7 million (plus $91.7 million in debt funding)
    • FinovateSpring 2013 demo video
    • Category: Consumer Internet
    • Headquarters: San Francisco, CA
    • Founded: 2006
    • CEO: Renaud Laplanche
    • Total funding: $220 million
    • FinovateStartup 2009 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: New York, NY
    • Founded: 2007
    • CEO: Noah Breslow
    • Total funding: $102 million
    • FinovateSpring 2012 demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: Denver, CO
    • Founded: 2002
    • CEO: Andre Durand
    • Total funding: $78 million
    • FinovateEurope 2012 demo video
Placecast 

    • Category: B2B Applications – Mobile
    • Headquarters: San Francisco, CA
    • Founded: 2005
    • CEO: Alistair Goodman
    • Total funding: $8 million
    • FinovateSpring demo video
    • Category: B2B Applications- SaaS and Enterprise
    • Headquarters: San Jose, CA
    • Founded: 2005
    • CEO: Reed Taussig
    • Total funding: $36.2 million
    • FinovateStartup 2009 demo video
    • Category: Consumer Internet
    • Headquarters: London, UK
    • Founded: 2007
    • CEO: Errol Damelin
    • Total funding: $145 million
    • FinovateFall 2010 demo video
    • Category: Consumer Internet
    • Headquarters: Redwood City, CA
    • Founded: 1999
    • CEO: Anil Arora
    • Total funding: $116 million
    • FinovateFall 2010 demo video
Here are the two listed in the Companies to Watch category:

All companies were selected by industry experts in the following organizations:

  • The AlwaysOn editorial team
  • Morgan Stanley
  • KPMG
  • GSV Capital
  • Greylock
  • Google Ventures
  • New Enterprise Associates
  • Flybridge Capital Partners
  • Accel Ventures
  • Bridge Bank
  • Venrock
  • SV Angel
  • Roth Capital Partners
  • Intel Capital
  • Menlo Ventures
  • Khosla Ventures
  • FirstMark Capital
  • Doll Capital Management
  • Benchmark Capital
  • Cooley
  • GGV Capital

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    Finovate Alumni News– June 3, 2013

    By David Penn Posted on
    Categories: Balance, BlinkMobile Interactive, Check, Currensee, EZBOB, GMC Software Technology, GoBank, InComm, IntelliResponse, Jemstep, Linkable Networks, Temenos, ThreatMetrix, TIO Networks, Tyfone
    • FinovateLOGO.jpgGMC Software announces the availability of its Customer Service Correspondence automated platform for “point-of-need” communications.
    • Commonection reviews Check (formerly Pageonce).
    • InComm launches Cashtie, an API that links retail cash payments via existing POS to software applications.
    • TIO Networks Expands Bill Payment Services into Louisiana Through Partnership With City of Ruston.
    • Intelliresponse reflects on its experience at FinovateSpring 2103.
    • BlinkMobile signs distributors in Brazil and South Africa.
    • Linkable Networks Named Winner of 2013 Red Herring Top 100 Award.
    • Devin Miller talks about Balance Financial in this Newfination video interview.
    • Tyfone to Launch SideTap MicroSD Card Versions for Contactless Payments Market.
    • ThreatMetrix Launches Intelligence Network to Detect Malicious Web Activity.
    • Jemstep Launches Update Giving You More “Buy” Choices.
    • The Financial Brand lists 7 reasons to love GoBank.
    • Terapeak talks about how its Insights API helps EZBOB help UK merchants.
    • Temenos announces TripleA private banking and wealth management solution to work on other databases.
    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 24, 2013

    By David Penn Posted on
    Categories: Flint Mobile, GMC Software Technology, Handpoint, Klarna, Lendio, Lighter Capital, Personal Capital, ThreatMetrix, TipRanks, Yandex
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMainStreet features “stock tip truth-o-meter” and FinovateSpring 2013 Best of Show winner TipRanks.
    • GMC Software Technology enters partnership with PostConnect to deploy Inspire technology.
    • AppScout takes a look at Flint’s mobile app for iPad and iPhone.
    • Yandex.Money integrates with Еuropean payment provider Skrill.
    • Banking Business Review reports: Handpoint introduces Chip and PIN MPOS systems.
    • Newfination visits the Personal Capital offices, interviews Head Of Advisory Services, Kyle Ryan.
    • American Banker mentions how Lendio and Lighter Capital are changing the face of small business lending.
    • Internet Retailer reports: ThreatMetrix helps EMerchantPay reduce its clients’ chargeback rates.
    • Klarna named “most innovative company” at annual Media Momentum Awards arranged by GP Bullhound.
    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– February 26, 2013

    By David Penn Posted on
    Categories: Banno, Bazaarvoice, Expensify, Liqpay.com, Monitise, Pockets United, ProfitStars, Simple, Temenos, ThreatMetrix, TradeKing, TSYS

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    • TSYS reaches long-term deal with MLS Direct Network.
    • Ad Age takes a look at Bazaarvoice’s Media Labs project.
    • ProfitStars launches Gladiator Managed IT Services.
    • Expensify now available for BlackBerry 10 and the BlackBerry PlayBook.
    • Bank Innovation reports: New Banno President Charles E. Potts says Grip Will Triple User Base in 2013.
    • MyBankTracker lists Expensify as 1 of 3 finance apps that is way better than Mint.
    • ThreatMetrix introduces Behavioral Analysis in the ThreatMetrix Cybercrime Defender Platform.
    • Monitise triples value of payments and transfers over its technology platform from $10bn to $31bn.
    • Segodnya.ua features Liqpay in its review of the advantages and disadvantages of electronic money.
    • Coast Capital Savings Credit Union in Canada to deploy Temenos T24 core banking app.
    • Pockets United among the startups presenting at TechCrunch Mobile Barcelona this week.
    • Xconomy’s “Innovations in Financial Technology” features TradeKing.
    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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    2012 Funding for Finovate Alumni– More than $450 Million Raised

    By David Penn Posted on
    Categories: ActivePath, Affinity Solutions, Arroweye Solutions, Banno, Bazaarvoice, Betterment, Boku, Braintree, Capital Access Network, Cartera Commerce, CashStar, Continuity Control, Controlabill, Credit Sesame, Currensee, DemystData, DoughMain, Dwolla, edo Interactive, eToro, Finsphere, FreeMonee, FutureAdvisor, Fuze Network, HelloWallet, Jemstep, Jingit, Kabbage, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SaveUp, SecureKey, ShopKeep POS, SoMoLend, The Currency Cloud, ThreatMetrix, Waspit, Xero, Yodlee, Zopa

    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.

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    Finovate Alumni News– November 27, 2012

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: AcceptEmail, ActivePath, Andera, Betterment, BlinkMobile Interactive, DCisions, DeviceFidelity, Experian, Giftly, Holvi, InComm, Jingit, Kapitall, Klarna, Luup, Mortgagebot, On Deck Capital, Personal Capital, SapientNitro, ThreatMetrix, TIO Networks, ValidSoft
    • Interactive Investor purchases DCisions, closes InvestorBee service.

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

    • Finextra reports Rabobank Australia and NZ selects ThreatMetrix to secure online channels.
    • InComm & SkyMall Ventures partner to launch electronic gift card program.
    • Opus Research report recognises ValidSoft as leader in voice biometrics.
    • AloStar Bank of Commerce chooses Andera’s oFlows for online account opening.
    • TIO adds mobile bill pay app to its suite of services for El Paso Electric.
    • Radian Mortgage Insurance now available through Mortgagebot’s loan origination system.
    • E-invoicing Platform features AcceptEmail.
    • Xconomy examines how Giftly will disrupt traditional gift card market.
    • Luup signs partnership with Arab Link, provider of money transfer and exchange services in Abu Dhabi.
    • Personal Capital launches Android app.
    • Crunched lists On Deck in top 25 startups to work for.
    • TechCrunch reports Holvi Plans To Disrupt Traditional Bank Accounts With Simple But Powerful Services.
    • Citi Innovation Lab and SapientNitro honored at National Infocomm Awards in Singapore for next-generation banking experience.
    • ActivePath merges with PowerInbox.
    • Experian expands debt-collection product suite with TrueTrace.
    • DeviceFidelity launches moneto prepaid MasterCard.
    • BlinkMobile announces five more councils to adopt BlinkForms.
    • Klarna earns 2012 Entrepreneur of the Year award from European Tech Tour Association.
    • Money Smart Life reviews Betterment and Kapitall.
    • American Banker reports Betterment deepens finance advice features.
    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– November 16, 2012

    By Julie Muhn (@julieschicktanz) Posted on
    Categories: Acculynk, Bazaarvoice, Blackhawk Network, Flint Mobile, Lending Club, Portfolio Football, Prosper, The Currency Cloud, ThreatMetrix, Tradeshift
    • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInternational Adviser features The Currency Cloud.
    • Time Magazine looks at P2P lending strategies with Prosper and Lending Club.
    • ThreatMetrix Wins Bronze for the Enterprise Product of the Year in Best in Biz Awards 2012.
    • Blackhawk Network reaches multiyear agreement with Facebook gifting app, Wrapp.
    • Vestas Wind Systems signs with Tradeshift.
    • Bazaarvoice appoints CFO Steven Collins to CEO.
    • Acculynk announces First Data Corp Executive VP Mark Herrington to join Board of Directors.
    • TechCrunch: Flint Mobile exits beta to take on Square with its camera-based mobile payment app. 
    • Portfolio Football re-brands, officially launches Sports Lever.
    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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