Finovate Alumni News– October 14, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches “Alternative Alpha” index.
  • Forbes discusses Cardlytics and Offermatic’s approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and Mint.com.
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a “great Web-based accounting tool.”
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 18, 2011

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ChargeSmart 
AOL’s Daily Finance highlighted Chargesmart’s secondary gift card market that allows 

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consumers to pay for bills in exchange for gift cards. Link
CheckFree 
Family Wealth Report stated that CheckFree is leading the way in UMA processing. Link
Credit Karma 
  • CBS Money Watch discussed Credit Karma’s data on America’s debt. Link
  • Fox Business News listed Credit Karma’s credit score simulator tool as a 15-minute fix for your credit score. Link
doxo 
Practical Ecommerce listed doxo as one of 17 apps for productivity. Link
Dwolla  
  • Dwolla hit $1 million in payments per day and Ben Milne, CEO, shared a sneak peak of future plans. Link
  • Ace Community Credit Union provided customers with access to Dwolla through its site.
  • Dwolla CEO Ben Milne explained why starting a business in Iowa isn’t hard. Link
  • Dwolla introduced a new Autoload feature. Link
  • Dwolla was listed on The Next Web as one of eight awesome ways to pay with your phone. Link
eToro 
eToro Partners began testing a new foreign exchange affiliate tool called Custom Links. Link
Expensify 
  • The Info.rmatics blog testified to Expensify’s ease of use. Link
  • ipCommerce showcased Expensify’s innovation. Link
GoalMine 

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Mango Money added GoalMine to its list of services. Link
HelpMyCash 
HelpMyCash revamped its website to be more consumer-friendly. Link
IDTheft 911
Barnstable County Mutual Insurance Company selected Identity Theft 911 for its LifeStages service. Link
iPay Technologies 
TechCrunch reported that Bill Ready, former President of iPay Technologies, joined Accel Partners as an Executive in Residence. Link
Lending Club 
  • ATM Options discussed seven good reasons to invest through Lending Club. Link
  • Netbanker discussed Lending Club’s record high growth. Link
Lendio 
  • Lendio added TAB Bank to its network of lenders. Link
  • Reuters reported that Swift Capital and Lendio partnered to help small businesses. Link
mFoundry 

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  • American Banker considered Bank of America’s recent investment in mFoundry. Link
  • Credit Union Journal discussed Colombia Credit Union’s adoption of mFoundry’s mobile banking. Link
Mint.com
  • Mint.com introduced a manual transactions feature for its iPhone app. Link
  • TechCrunch reported Mint.com’s debut of a new feature that tracks bills and sends reminders. Link
Monitise 
  • Monitise signed over 6,000 users in Nigeria to a mobile payments trial. Link
  • TechMarketView discussed Monitise’s financial success. Link
peerTransfer 
Yahoo! Finance reported peerTransfer’s growth in international student payment processing. Link
Prosper 
  • Netbanker discussed Prosper’s record high growth. Link
  • Prosper raised its interest rates by 2.5 percent. Link
SmartyPig 
SmartyPig introduced its back-to-school cash giveaway contest. Link
ThreatMetrix 
ThreatMetrix announced its upcoming user conference October 9th through 10th. Link
TradeKing 
TradeKing launched a new video series to help consumers understand options trading. Link
Tyfone 

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Oregonlive.com described Tyfone as a major player in mobile payments. Link
Wikinvest 
Forex Promos shared an interview with Mike Sha, Wikinvest CEO. Link
Xero 
Reuters reported that Xero agreed to acquire Paycycle, a payroll company. Link

Zecco 
Wealth Building Tips and Strategies blog shared Zecco’s options trading video series. Link
ZimpleMoney 
ZimpleMoney adjusted its services in response to the Dodd-Frank reform. Link

Alumni News — Week of July 11, 2011

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Last week, AlwaysOn released its 2011 AlwaysOn Global 250 Top Private Companies List that represents the top emerging companies Worldwide. Twelve Finovate Alumni were selected:
  • BillFloat
  • Bling Nation
  • Boku
  • Cardlytics
  • ClairMail
  • Expensify
  • IDAnalytics
  • Lending Club
  • SecondMarket
  • Wikinvest
  • Wonga
  • Yodlee
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In other Alumni News:
Aptys Solutions

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Aptys Solutions announced that the ACH functionality in its PayLogics payment platform provides same-day settlement. Link 
Balance Financial
  • Balance Financial launched Balance Certified Pro, a new software that is geared toward professionals. Link
  • Balance Financial released an iPhone App. Link
BillGuard
TechCrunch reported that BillGuard’s “Anti-virus for Bills” is now completely free for users. Link
BrightScope
CNNMoney’s article, Simplify Your Retirement Savings, pointed to BrightScope to provide a clear understanding of retirement savings. Link
ChargeSmart
ChargeSmart announced that its Bill Payments customers can now pay many of their utility bills with an American Express card. Link
Continuity Control
Continuity Control raised $1.1 million in financing from convertible promissory notes and warrants. Link
Cortera

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The Miami Herald reported that Cortera’s Risk Data and Reporting is now an SAP-endorsed business solution. Link
Cortal Consors
Institutional Investor ranked Oliver Le Grand, CEO of Cortal Consors, number 13 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Credit Karma
Credit Karma’s new feature, Credit Alerts is available for free to the first 200 people to click the link. Link
Credit Sesame
The Hands On Home Buyer blog recommended Credit Sesame for its interactive property taxes tool. Link
Currensee
The Business Insider reported that Currensee plans to launch its Trade Leaders program in China. Link
Dwolla
  • The E-News publication, Business Record, commented on Dwolla’s positive impact on Iowa’s startup culture. Link
  • Financial Plus Credit Union adopted Dwolla’s FiSync integration. Link
Dynamics
Dynamics revealed its angel investors in Series A and Series B funding rounds. Link
Guardian Analytics
  • American Banker reported that Guardian Analytics is planning to launch an outsourced fraud prevention service that will help financial institutions meet new FFIEC guidelines. Link
  • Guardian Analytics introduced its FraudDESK service to provide fraud analytics support to financial institutions. Link
  • Guardian Analytics is hosting a free webinar on Tuesday that will explore FFIEC guidance. Link
iPay Technologies
iPay Technologies helped Generations Community Federal Credit Union increase bill pay adoption and its number of transactions. Link
Lending Club
  • San Francisco ABC News Channel 7 explained the benefits of P2P loans from Lending Club. Link
  • Finextra news blog discussed Lending Club’s success. Link
  • American Banker reported that, in June, Lending Club saw an increase of 7% in loans originated that totaled a record $20 million. Link
Lodo Software
The Silicon Prairie News reported that Lodo Software is seeking to raise $5 million in a round of Series D funding. Link

mFoundry
Columbia Credit Union announced that it deployed mFoundry’s mBanking, a mobile banking platform. Link
Mitek

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MSN Money reported that Mitek Systems began a NASDAQ market listing on July 14th, and is trading under the symbol MITK. Link
Monitise 
  • CNBC reported that Monitise’s ReliaCard will be offered to U.S. Bank’s Visa cardholders in some states. Link
  • Monitise, US Bank, and FIS announced that they are planning to offer a mobile app for Visa’s ReliaCard users. Link
Prosper
  • San Francisco’s ABC News Channel 7 explained the benefits of P2P loans from Prosper. Link
  • Finextra news blog discussed Prosper’s success with its P2P lending service. Link
Q2ebanking
Q2ebanking’s director of security solutions, Ward Howell, published an article detailing a Credit Union’s perspective of the FFIEC guidelines in The Credit Union Ti
mes. Link
Receivables Exchange
Institutional Investor ranked Justin Brownhill and Nicolas Perkin, Co-Founders of The Receivables Exchange, as number 42 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
Standard Chartered
Institutional Investor ranked Jan Verplancke, CIO of Standard Chartered, as number 37 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link
TILE Financial

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Daily Finance interviewed Amy Butte, CEO of TILE Financial. Link
TradeKing
TradeKing announced the public availability of its API. Link
Tyfone 
CoVantage Credit Union chose to implement Tyfone’s mobile wallet solution. Link
Zopa 
  • Zopa founder Giles Andrews was interviewed on BBC’s The Bottom Line. Link
  • Finextra news blog discussed Zopa’s success as a P2P lending service. Link

Alumni News — Week of June 13, 2011

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AcceptEmail
AcceptEmail partnered with WorldPay to launch an e-billing and online payment service. Link
Balance
GeekWire interviewed Balance Financial CEO, Devin Miller. Link
BancVue
BancVue executives won Ernst & Young Entrepreneur of the Year. Link
BankOns
Examiner.com referred to BankOns as the new GroupOn. Link
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BillShrink
BillShrink was featured in The New York Times. Link
BrightScope
Forbes reported on BrightScope’s list of exchange-traded funds held in America’s 401k plans. Link

CheckFree
CheckFree expanded its functionality to support account-to-account and peer-to-peer transfers. Link
Clairmail

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Clairmail joined the RSA Secured Partner Program to provide secure access to mobile banking. Link
doxo
  • doxo CEO explained paperless billing in a video interview, highlighting the mobile app. Link
  • doxo was featured on the Top Productivity Apps website. Link
  • Northwest Innovation reviewed doxo’s mobile app. Link
Dwolla
TechCrunch reported that Dwolla hit a milestone of $1M in transactions per week. Link
Enloop
  • Business News Daily interviewed Enloop CEO, Cynthia McCahon, about creating a “living business plan”. Link
  • Huffington Post spotlighted Enloop. Link
eRollover
eRollover launched an online solution for financial advisors to grow practices. Link

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eWise announced its partnership with Affirmative Technologies to speed the adoption of
alternative payment methods. Link
Kiboo
Kiboo launched a public site called “Know Your Money”.  Link
Lending Club
  • Lending Club posted a video of their five-word acceptance speech at the Webby Awards. Link
  • The Wall Street Journal noted Lending Club as leading the way in P2P lending. Link
mFoundry
  • mFoundry helped Starbucks build an app for Android. Link
  • mFoundry passed the 400 customer milestone. Link
Mitek
Mitek’s mobile check deposit was cited as the number one feature that would cause you to switch banks. Link
Monitise
  • ComputerWeekly discussed the survey Monitise conducted on mobile banking. Link
  • Forbes discussed Monitises’ deal with Visa. Link
peerTransfer
  • peerTransfer is hosting a free webinar on international student payment processing this Wednesday, June 22. Link
  • peerTransfer won the Innovation Award from Massachusetts Innovation & Technology Exchange. Link
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  • Prosper announced that it is giving away an iPad2 to new investors. Link
  • The Wall Street Journal noted Prosper as leading the way in P2P lending. Link
SafetyPay
SafetyPay was selected by BorderJump as its preferred payment solution for cross border transactions. Link
SmartyPig
Fox Business News suggested using SmartyPig.com as a tool to help “pump up” savings. Link
Tagit 
Tagit helped Commonwealth Bank launch its first mobile app. Link
ThreatMetrix
  • ThreatMetrix announced its cloud-based fraud prevention platform. Link
  • ThreatMetrix launched “ThreatMetrix Fraud Facts,” a free downloadable report. Link
Tyfone
  • Tyfone was awarded an NFC over-the-air and over-the-wire seminal patent. Link
  • American Banker reviewed Tyfone’s mobile payment patent. Link
  • NFC Rumors looked at how Tyfone uses SD cards to enable NFC transactions. Link

Alumni News — Week of May 30, 2011

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Betterment
Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link
BrightScope
BrightScope announced the top 10 treasury inflation protected securities funds in America’s 401ks. Link
ChargeSmart

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Fox News’ Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link
Check Point Software Technologies
Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link
ClairMail
ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link
Corduro

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The New York Times reported that Corduro’s cloud platform challenges PayPal and Square’s mobile payment services. Link
Credit Sesame
The Wisdom Journal depicted Credit Sesame’s services as more than just credit scores. Link
Currensee
See Betterment above.
doxo
  • doxo explained how to use its online filing cabinet and “due date” alerts to help organize GroupOn, Living Social, and other daily deals. Link
  • TheFinancialBrand.com discussed Oregon Federal Credit Union’s use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link
Dwolla 
  • Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
  • Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
  • Omaha World-Herald covered Dwolla’s arrival into Nebraska. Link
Enloop

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  • About.com highlighted Enloop’s business plan creation service. Link
  • Forbes blog discussed “How Not to Fail” by using Enloop to assess the potential success of a business plan. Link
Geezeo
Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link
Guardian Analytics
Guardian Analytics positioned by Gartner in the “Visionary” quadrant for web fraud detection. Link
HelloWallet

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San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link
Hidden Levers
Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link
Lending Club
  • Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
  • Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link
Lendio

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Lendio raised $2 million in debt financing. Link
PayNearMe
PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link
Prosper
See Lending Club above.
RobotDough

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Dow Jones Financial reports that a UCLA professor backed RobotDough. Link
SecondMarket
The Washington Business Journal discussed SecondMarket’s recent popularity. Link
Sybase

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Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link
TradeKing
TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link
Tyfone
Tyfone contracted with Star One Credit Union to use its NFC technology.
 Link

UBank

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CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link

Alumni News — Week of May 23, 2011

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Aptys Solutions
Aptys Solutions signed with Banker’s Bank, a top check depositor with the Federal Reserve Link

Backbase
Backbase to host webinar on how to use social media in financial services Link

Betterment

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  • Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
  • Betterment celebrated its first birthday Link

Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link

Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link

Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link

Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link

doxo

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  • doxo’s first fan video was posted online Link
  • Oregon employees were the first to give its members doxo’s online file cabinet Link
  • TechFlash highlighted the benefits of using doxo to achieve paperless business Link
  • 2Minute Finance interviewed doxo at FinovateSpring Link

Dwolla

  • Dwolla was listed by inc Tech as one of three startups you must know from Big Omaha Link
  • Credit Union Times listed Dwolla as a new P2P service rivaling ‘bank giants’ Link

edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link

Expensify
Slate explained how Expensify will help the ‘frequent flier’ Link

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Kabbage
Technorati described how Kabbage works with eBay Link

Lending Club

  • Mint.com’s blog covered what you need to know about Lending Club Link
  • San Francisco Business Times commented on Lending Club’s strong backing from both investors and lenders Link
  • San Francisco Times reported that Lending Club stated it is not planning to go public for several years Link

LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link

Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link

Lodo Software
Lodo Software was described as a startup providing jobs in the “Silicon Prairie” region, a.k.a. Omaha Link

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Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link

Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link

PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link

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PayNearMe
BillShrink examined PayNearMe’s cash payment service Link

peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link

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ProfitStars
ProfitStars announced a new version of Margin Maximizer that’s now available as a hosted solution Link

Robot Dough
2MiniuteFinance toured RobotDough’s demo during interview at Finovate Spring Link

SecondMarket

  • Wall Street Journal stated that SecondMarket helped fuel the tech boom Link
  • CNBC interviewed SecondMarket for an explanation of the change in trading numbers Link and LinkThumbnail image for smartypig.jpg

Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link

Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link

ThreatMetrix
San Francisco Chronicle covered ThreatMetrix’s research around mobile transaction activity Link

TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link

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TradeKing
TradeKing divulged the lineup of its free webinars in June Link

Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link

Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link

Wonga

  • Wonga won 2011 Red Herring Top 100 Europe Award for exceptional accomplishments Link
  • Wonga won the Media Momentum Awards, a coveted award for digital media companies in Europe Link
  • Wonga’s Errol Damelin discussed consumer-centric credit Link

Xero

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  • Diversity Limited commented on Xero’s move to the US markets Link
  • Xero and Keebo teamed up to help you manage and process receipts Link
  • New Zealand Herald commented on Xero’s surging revenue Link

Zecco

  • The Wall Street Journal reviewed Zecco’s new Facebook app Link
  • Zecco launched an app for stock trades & viewing realtime market data on Facebook Link

Zopa
Zopa shows how it helps consumers protect against inflation Link

Alumni News — Week of January 9, 2011

To see Finovate alumni company news in real-time, follow our feed on Twitter here
Backbase is holding an engagement banking seminar on January 27. — Attendance is free, but pre-registration is required. http://bit.ly/finovate114111
Blippy has been nominated for a Crunchie award. — The awards, given in a number of startup  categories, are a joint effort by three tech blogs: TechCrunch. VentureBeat and GigaOM. http://tcrn.ch/finovate113114
FeeFighters (formerly TransFS) has raised an additional $1.6 million in funding. — FeeFighters helps businesses comparison shop for credit card processing services. http://tcrn.ch/finovate113112
Fifth Third Bank will offer Popmoney from CashEdge. — Popmoney, an e-mail based money transfer system, will be available to Fifth Third customers in mid-2011. http://bit.ly/finovate110113
Firstmark Credit Union selects Geezeo for PFM platform. — The credit union, with  90,000 members with $700 million in assets, will use Geezeo’s white label platform . http://bit.ly/finovate1101
iBearSoft releases Money 5.0 mobile app. — The new release includes several speedups and new features. http://bit.ly/finovate1112
Jwaala offers free trials of the Better Online Banking (BOB) platform for credit unions. — The trial platform can be launched within two days of the request and allows prospective clients to see all of the available features. http://bit.ly/finovate113113
Kabbage raises an additional $6.5 million to support its loan business targeted to eBay and other online sellers. — This round was led by BlueRun Ventures and UPS Strategic Enterprise Fund. http://tcrn.ch/finovate113111
Kashoo users get a 30% discount on electronic tax filing with eSmart Tax. http://bit.ly/finovate114112
PerkStreet and Lending Club offer cash prizes for creatively shredding credit cards. http://bit.ly/finovate111113 or shredyourcreditcard.com
Plastyc and eBillMe launch a new banking system for self-employed users. — The platform allows users to receive clients’ electronic payments directly. http://bit.ly/finovate112112
SafetyPay signs deal with Brazil’s Banrisul. — This will allow Banrisul Bank’s three million customers to make purchases in their own currency by way of SafetyPay’s service. http://bit.ly/finovate111111
SmartyPig launches its first iPhone app. — Users can add to their savings,  manage goals and even contribute to another user’s goal. The app also includes a location-based tool to find participating merchants.  An Android app is planned for February. http://bit.ly/finovate110112
Tyfone receives a fourth patent for mobile e-wallet technology. — This newest patent, is entitled, “Asymmetric cryptography with user authentication.” http://bit.ly/finovate112111
The Mii card, powered by Yodlee, becomes a digital passport for online authentication. — See the Mii card in Action at FinovateEurope. http://www.miicard.com/

Alumni News — Weeks of November 28 and December 5, 2010

PopMoney (from CashEdge) wins award for excellence in Web design from the Interactive Media Council. http://bit.ly/finovate11301
Speculation from MarketWatch: Could ClairMail be headed for an IPO? http://bit.ly/finovate11306
ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281 
Expensify continues to grow its currency support base — Expensify is now supporting 159 currencies. http://bit.ly/finovate1232
Robert Scoble uses Expensify for expense reports. http://scoble.it/finovate11305
FIS launches innovative new mobile banking product. — Users can establish mobile account management with their debit card, no online banking signup needed. http://bit.ly/finovate1291
GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292
This week’s Jem 5 at Jemstep explores diversified fixed income funds. http://bit.ly/finovate1294
Generations FCU goes live with Jwaala’s “Better Online Banking.” http://bit.ly/finovate1237
Just for fun: Kasasa releases banks’ playlists. See this week’s from Jeff Davis Bank. http://bit.ly/finovate1236
Lending Club enjoyed a flurry of news coverage. Read the summaries  here: http://bit.ly/finovate1224 
Lending Club mentioned in PBS nightly business report. http://to.pbs.org/finovate1297
Mint.com now available in Canada. http://tcrn.ch/finovate1234
Congratulations to Mint founder, Aaron Patzer; winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296
Monitise to bring mobile payments to Nigeria. http://bit.ly/finovate1231
Mozo powering new “Compare, Ditch and Switch” campaign to allow Australians to shop around for better banking services.  http://bit.ly/finovate1283
Just in time for the Holidays, PopMoney gift cards at www.giftcardmall.com
The new SmartyPig rewards MasterCard provides up to 10% cash back at select retailers. http://bit.ly/finovate11303
Tyfone receives additional patent for electronic wallet technology. http://bit.ly/finovate11304
Wikinvest is even more mobile with Blackberry and Android Apps. http://bit.ly/finovate1235
Y Combinator and Yodlee cooperate to provide financial data services to startups.