TransferWise

Finovate Alumni News– October 21, 2013

By David Penn Posted on
Categories: CurrencyFair, Equifax, Leaf, Lendio, MasterCard, PayPal, PaySimple, Prepaid Resources, TransferWise, TSYS
  • Thumbnail image for Finovate-F-Logo.jpgAlvaro Soltero of Leaf takes a look at the future of payments.
  • Forbes.com features an interview with Brett Meyers, CEO of CurrencyFair.
  • MasterCard launches TravelController to improve expense reconciliation.
  • TSYS, PayPal, & PaySimple listed in top 10 multi-currency processing solutions for October.
  • Lendio launches beta version of Lendio for the loan specialist.
  • FORMFREE and Equifax partner to streamline borrower asset checks.
  • Prepaid Resources announces formation of Trefoil Technology.
  • TransferWise tops £1 million ($400,000 USD) mark in international money transfers.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– August 6, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Allied Payment Network, ERN, Expensify, GoBank, Interactions, Kabbage, MasterCard, Moven, On Deck Capital, Simple, SocietyOne, TransferWise, Wealthfront
  • Finovate-F-Logo.jpgERN raises another $1 million, acquires two UK companies.
  • Expensify announces additional approval modes.
  • TMC selects Interactions’ Virtual Assistant applications for a 2013 Speech Technology Excellence Award.
  • The Financial Brand looks at NeoBanks: Moven, Simple, GoBank.
  • Reuters article features Wealthfront as a platform of choice for how millenials manage money.
  • MasterCard partners with United Bank for Africa to provide Nigeria’s first personalized debit card.
  • BrightFunds announces that it is now an official contributor to Triple Pundit.
  • The Economist talks with TransferWise co-founder Taavet Hinrikus about technological innovation in Estonia.
  • Kabbage and On Deck Capital both featured in Fit Small Business column on raising money for an existing business.
  • Allied Payment Network partners with Access Softek to provide Picture Pay mobile bill pay technology.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– July 25, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, Bolstr, Dwolla, FIS, Google, LICUOS, MiiCard, Motif Investing, PlayMoolah, TransferWise, Zopa

Finovate-F-Logo.jpg

  • Silicon Prairie lists Banno and Dwolla as 2 Iowa startups to follow on Twitter.
  • Wakefield reports: Bolstr is navigating the legal complexities of crowdfunding.
  • PlayMoolah working with OCBC Bank for the second year running to teach children about saving.
  • FIS announces new prepaid card technology agreement with KeyBank.
  • WebrazziTV interviews miiCard marketing manager Cassie Anderson at Bitcoin London.
  • Finovate alumni Zopa, TransferWise, miiCard, and LICUOS highlighted in Innotribe co-founder Matteo Rizzi column on banking.
  • Invitations for Google Wallet for Gmail start arriving for registered early adopters.
  • All Things D profiles Motif Investing. See them in action at FinovateFall in September.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– July 18, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ACI Worldwide, Check Point, Dwolla, eToro, Fiserv, InComm, IntelliResponse, Pangea Payments, SeedInvest, ShopKeep POS, TransferWise, Xero
  • Finovate-F-Logo.jpgPennsylvania-based First National Community Bank selects a core banking system from Fiserv.
  • Check Point Software launches 13000 Appliance solution set for high-performance data center cyber security.
  • Accounting and advisory firm William Buck and Xero partner to offer clients Xero as accounting solution of choice.
  • eToro releases Stockwatch for Android.
  • StreetFight Magazine features case study of ShopKeep POS use in cupcake bakery.
  • IntelliResponse announces VAR partnership with Australia-based BolderView.
  • SeedInvest CEO Ryan Feit talks with the Street.com about the effect of fund advertising rule changes on crowdfunders.
  • Built in Chicago blogger profiles Pangea Payments and the trillion dollar remittance market.
  • 2013 Payment Hub report names ACI Worldwide “Best in Class” in payments capability.
  • InComm Launches Pre-Top to Expand Availability of Prepaid Solutions.
  • TransferWise featured in American Banker column on the growing online/mobile payments 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.

Share this:

Send Post Twitter LinkedIn Facebook

Second Quarter 2013 Funding for Finovate Alumni — More than $200 Million Raised

By David Penn Posted on
Categories: Affinity Solutions, Cardlytics, Credit Karma, Dwolla, Kony Solutions, On Deck Capital, OpenCoin, peerTransfer, Personal Capital, Receivables Exchange, SeedInvest, SumUp, Swipely, TransferWise, Zooz

FinovateLOGO.jpg

For the second quarter of 2013, fifteen Finovate alumni raised more than $200 million. The quarterly total exceeded both that of the previous quarter as well as the same quarter last year.*

  • Q2 2013: 15 companies raised more than $200 million
  • Q1 2013: 15 companies raised more than $155 million — blog post
  • Q2 2012: 14 companies raised more than $120 million — blog post
Here’s the Q2 summary for 2013:

April — $32 million raised by two companies
May — $91.5 million raised by seven companies
June — $81.7 million raised by six companies

_____________________________________________________________________________

*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– June 18, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Currensee, Entrepreneurial Finance Lab, EyeVerify, ID Analytics, Intuit, Q2ebanking, Realty Mogul, SecureKey, ShopKeep POS, SimpleTuition, TransferWise, VoiceTrust
  • 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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– June 13, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: ayondo, Bolstr, Capital Access Network, Cardlytics, CommunityLend, Finect, Flint Mobile, Keynote DeviceAnywhere, PayPal, Placecast, SeedInvest, TransferWise, Zopa
  • Finovate-F-Logo.jpgZopa Safeguard now has 15,000 users and has had £16m lent on platform. Zopa reaches £300m in money lent to borrowers in the UK.
  • Bank Innovation reports: Cardlytics Has 33 Million Active Users at 400 Banks.
  • Inc. Magazine creates infographic of how to select the right crowdfunding platform. Bolstr and SeedInvest among choices.
  • CommunityLend’s FinanceIt partners with Pivotal Payments, a credit card payment processing company, to enable merchants to process loans directly at the POS.
  • Capital Access Network opens new facility in Lindora, Costa Rica to support growth.
  • Finect president Jennifer Openshaw talks networking for financial professionals on MarketWatch Radio.
  • Street Fight Mag includes Placecast among its “5 Tools for Point of Interest Geo-Targeting”.
  • TransferWise launches GetPaid to make it easier to get compensated when working with international clients and partners.
  • Developer Tech features Keynote Systems’ CEO Umang Gupta.
  • Point of Sale highlights Finovate alumni Flint Mobile and PayPal.
  • Social Trading Guru reviews ayondo 3.0.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– June 7, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Betterment, Boku, Dynamics, Emida, Kofax, Mint.com, Mitek, Personal Capital, ReadyForZero, SimpleTuition, TipRanks, TransferWise, Xero, Zooz
  • Finovate-F-Logo.jpgXero and Stripe partner to simplify online payments for small businesses.
  • Bank Innovation reports: Mitek Launches V 2.0 of Mobile Photo Bill Pay solution.
  • Boku teams with PlayJam to bring mobile payments to smart TVs.
  • SimpleTuition partners with College Parents of America to bring student loan and loan comparison insight from SimpleTuition its members.
  • Creditnet.com ranks the Best Personal Finance Software of 2013 (So Far): 1) Personal Capital, 2) Mint.com 3) ReadyForZero.
  • Emida adds Colombia to list of operating countries.
  • Kofax launches Analytics for Capture business intelligence solution.
  • Pymnts.com interviews TransferWise co-founder Kristo Kaarmann.
  • RightStartups takes a look at Betterment as a “new concept in a very traditional industry.”
  • Dynamics launches “Everything Else is Just Plastic” TV Ad.
  • TradeBox Media reviews Zooz’s retail app plug-in.
  • International Business Times looks at how Arxan’s technology is used to protect mobile banking apps from attacks.
  • Newfination interviews Uri Gruenbaum, co-founder and CEO of TipRanks.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– May 28, 2013

By David Penn Posted on
Categories: BellaDati, Billhighway, Dwolla, IP Commerce, Kabbage, Kalixa, Kofax, M2CASH, OpenCoin, ProfitStars, Quantopian, TIBCO Software, TransferWise, V2Pay
  • FinovateLOGO.jpgChris Larsen, CEO and co-founder of OpenCoin, calls Ripple, “HTTP for money” in CoinDesk feature.
  • Credit Union Times: ProfitStars‘ Director of Strategic Insight Lee Wetherington talks credit unions and big data.
  • Kalixa Group teams with MasterCard to test prepaid card.
  • Barron’s Electronic Investor column on Quantopian now available to non-subscribers.
  • Mateo’s Tech Travels reviews TransferWise.
  • Business Insider hosts Dwolla CEO Ben Milne in Startup Lab interview.
  • One of the largest financial services corporations in the world invests more than $4.6 million for software, maintenance and professional services with Kofax.
  • American Banker reports: Kabbage’s Fresh Idea for Small Business Finance.
  • TIBCO announces launch of Cloud Bus, a subscription-based Integration Platform as a service (iPaaS) offering.
  • BellaDati opening partner network in Russia.
  • IP Commerce closing payment processing service on June 30.
  • M2CASH rebrands as V2PAY, now offers electronic ID verification, virtual loan solutions, virtual cards & virtual merchant services.
  • Billhighway adds Kids Kicking Cancer as client.
  • Comarch to provide reference, market data to SIX Financial Information.
  • Standard Chartered launches VISA Infinite Credit Card with chip and PIN technology.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– May 23, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillFloat, BillGuard, Billhighway, Check, Expensify, GoodApril, Lighter Capital, Linkable Networks, OpenCoin, ProfitStars, Taulia, TradeKing, TransferWise, Yodlee

Finovate-F-Logo.jpg

  • CMS Wire reports: Linkable Networks: Improving the Customer’s Path to Purchase.
  • Lighter Capital appoints Jeff Seely to board of directors.
  • Pymnts.com reports: BillGuard Acts As Antivirus For The Disease Of Fraud.
  • Expensify to begin new pricing structure.
  • Global Finance magazine names Taulia the best worldwide invoice discount management solution.
  • Expensify will soon be made available to over 250,000 Citrix enterprise customers.
  • BillFloat extends SmartPay pilot program with Radio Shack partnership.
  • Newfination interviews Mitch Fox, co-founder of GoodApril.
  • Wired’s Beyond the Beyond column features OpenCoin in a report from the Bitcoin 2013 business convention.
  • ProfitStar’s iPay Solutions named among best places to work in Kentucky.
  • Billhighway adds the Friends of Birmingham Historical Museum & Park as new client.
  • TransferWise wins a spot on Mashable’s list of “20 Hot London Startups You Need to Watch.”
  • Yodlee and Check (formerly Pageonce) are among the companies highlighted in American Banker column on reimagining PFM for mobile.
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.

Share this:

Send Post Twitter LinkedIn Facebook

TransferWise Secures $6 Million in Series A Funding

By David Penn Posted on
Categories: TransferWise

TransferWise_logo3.jpgLed by Valar Ventures, the $6 million in capital represents the first European investment for Peter Thiel’s venture fund, and a major boost to the London-based, peer-to-peer money transfer startup.

Also participating in the round were existing investors including SV Angel.
In the two years since inception, TransferWise has raised more than $7 million in capital. The company, headquartered in London’s Tech city, was founded by Taavet Hinrikus and Kristo Kaarmann, and serves as an alternative to traditional money transfer services offered by banks and other FIs.
TransferWise supports transfers between major European currencies such as the Euro, British Pound, and Polish Zloty, as well as the Danish, Norwegian, and Swedish Krone. 
At this time, transfers from the U.S. dollar into European currencies are not available through the service, but are expected in the near future. TransferWise is also looking to add another 12 new currencies, as well as launching in France, Germany, Italy, and Spain in 2013.
TransferWise has been referred to as a “simplified PayPal for business banking” and last month won Estonia’s “Best E-Service” contest. Hinrikus also made headlines this spring with his project to provide $100 million in fee-free cash transfers to European startups. The company has transferred more than £100 million for its customers since inception, more than half of that amount in the last six months.
TransferWise presented their technology as part of FinovateEurope in February. To see their demo, visit them at our FinovateEurope 2013 video page here.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– April 26, 2013

By David Penn Posted on
Categories: Actiance, Bill.com, Credit Agricole, eToro, Geezeo, Guardian Analytics, Taulia, TransferWise, Wallaby Financial
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSeventy2Minutes reviews TransferWise as a PayPal alternative.
  • Wallaby Financial to participate in Frequent Travel University educational event. See them demo at FinovateSpring.
  • Credit Agricole’s social media bank celebrates its second year.
  • Social investment network eToro reaches 50 million trades.
  • Access Softek and Geezeo partner to integrate Access Softek’s mobile banking with Geezeo’s PFM.
  • Guardian Analytics unveils FraudMAP Wire product to prevent wire tap.
  • San Francisco Business Times names Taulia one of the 2013 Best Places to Work in the Bay Area.
  • VentureBeat reports Bill.com has converted more than 40% of its customers from checks to electronic ACH transactions.
  • American Banker reports: Actiance Updates Social Media Management 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.

Share this:

Send Post Twitter LinkedIn Facebook