Wealthfront Archives - Page 9 of 11

Alumni News– July 10, 2014

By Julie Muhn (@julieschicktanz) Posted on July 10, 2014
Categories: Betterment, Braintree, Cachet Financial Solutions, DoubleBeam, Doxo, Finect, Fiserv, Holvi, Loop, Oink, Personal Capital, Ripple, Segmint, Wealthfront

Optimal Payments announces partnership with Oink.

Braintree releases v.zero SDK, featuring support for Pay with PayPal.

Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.

Segmint named a Preferred Vendor of MAGNET Global Network.

Holvi preps to launch into Irish marketplace.

doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.

Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.

Cachet Financial Solutions prices Initial Public Offering.

DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.

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

Alumni News– July 3, 2014

By Julie Muhn (@julieschicktanz) Posted on July 3, 2014
Categories: Braintree, CurrencyTransfer, eToro, MicroStrategy, Misys, TIBCO Software, Tradeshift, Wealthfront, WePay

Misys launches new, modular core banking solution, FusionBanking Essence.

MicroStrategy, TIBCO listed among 16 most significant business intelligence software vendors in new Forrester report.

The New York Times Business Day interviews Adam Nash, CEO of Weathfront.

Wired Money startup pitch competition features Finvoate alums CurrencyTransfer and eToro.

Facebook chooses Braintree as sole payments provider for its FbStart program.

Wepay launches new website.

Tradeshift makes CPO Rising’s 2014 Hot Tech Prospect list.

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 Alums Raise More than $600 Million for Second Quarter in a Row

By Julie Muhn (@julieschicktanz) Posted on June 30, 2014
Categories: App Annie, Betterment, BodeTree, Dashlane, DemystData, Fastacash, FutureAdvisor, Gremln, Holvi, Kabbage, Kony Solutions, Kreditech, LearnVest, Lending Club, Motif Investing, Nutmeg, Ondot, RevolutionCredit, SeedInvest, ShopKeep POS, Signifyd, Swipely, The Currency Cloud, TransferWise, Tuition.io, Wealthfront

In the first quarter of 2014, 23 Finovate alums raised more than $592 million

And as the second quarter draws to a close, it’s clear that a comparable cohort of alums have kept the pace.

Over the course April, May, and June, 28 alums raised significant amounts of capital ranging from Gremln’s $100,000 to the $65 million raised by Lending Club. The quarterly total of $594 million is almost exactly the same as the previous quarter.

And given that some amounts are undisclosed (I’m talking about you, Holvi, RevolutionCredit, and Tuition.io), we’re confident that Finovate alums have notched their second $600 million fund-raising quarter in a row.

How does this compare with the less recent past? Very well, indeed.

In the second quarter of 2013, 15 alums raised more than $200 million. This was a major improvement on the second quarter from 2012, which featured 14 companies raising more than $120 million.

Total raised for Q2 2014 = $594 million

April — $217 million raised by 11 companies

Betterment – $32 million – blog post
The Currency Cloud – $10 million – blog post
LearnVest – $28 million – blog post
Lending Club – $65 million (equity portion of debt and equity deal) – blog post
Ondot Systems – $18 million – blog post
SeedInvest – $2 million – blog post
ShopKeep POS – $25 million – blog post
Signifyd – $2 million – blog post
Tuition.io – undisclosed – blog post
Wealthfront – $35 million – blog post

May — $226 million raised by 11 companies

App Annie – $17 million – blog post
BodeTree – $2 million – blog post
Dashlane – $22 million – blog post
DemystData – $5 million – blog post
FutureAdvisor – $15 million – blog post
Holvi – undisclosed – blog post
Kabbage – $40 million – blog post
Motif Investing – $35 million – blog post
RevolutionCredit – undisclosed – blog post
Swipely – $20 million – blog post

June — $151 million raised by six companies

fastacash – $4 million – blog post
Gremln – $100,000 – blog post
Kony – $50 million – blog post
Kreditech – $40 million – blog post
Nutmeg – $32 million – blog post
TransferWise – $25 million – blog post

Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@Finovate.com or Julie@Finovate.com

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– June 18, 2014

By David Penn Posted on June 18, 2014
Categories: Betterment, Bill.com, Check, Coinbase, FIS, Flint Mobile, Kony Solutions, Lending Club, Motif Investing, Personal Capital, ThreatMetrix, TransferWise, Wealthfront

ThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.

Kony brings in $50 Million in Financing Led by SoftBank Capital.

Flint integrates with QuickBooks Online.

Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.

Umpqua Bank announces plans to transition to a scalable core solution from FIS.

Intuit completes acquisition of Check.

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

Eight Alums Earn Spots on CNBC’s Disruptor 50

By Julie Muhn (@julieschicktanz) Posted on June 17, 2014
Categories: Betterment, Bill.com, Boku, CircleUp, Coinbase, Lending Club, Motif Investing, Personal Capital, TransferWise, Wealthfront

Hats off to eight Finovate alumni for winning spots on CNBC’s Disruptor 50.

2014 marks the second year of CNBC’s Disruptor 50 list. The selection credits companies for being “forward-thinking” and working to discover untapped markets en route to becoming “billion-dollar businesses.” Read more about CNBC’s selection methodology here.

CNBC’s David Spiegel wrote:

“All of these companies entered traditional sectors and turned them upside down … It’s the power of a company to displace the established incumbents in its own industry, prompting a ripple effect throughout its economic ecosystem.”

See CNBCs inaugural Disruptor 50 here. The 2013 list included alums boku, CircleUp, Lending Club, and Wealthfront.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– June 9, 2014

By Julie Muhn (@julieschicktanz) Posted on June 9, 2014
Categories: ACI Worldwide, Betterment, Cortera, Fidor Bank, Financial Guard, FutureAdvisor, Jemstep, Kony Solutions, PlayMoolah, Ripple, Rippleshot, SigFig, VerifyValid, Wealthfront

Five Weeks to SixThirty: Accelerator Program Sets July 11th Deadline.

VerifyValid announced partnership with Lake Michigan Credit Union.

ACI Worldwide’s Point to Point Encryption solution adopted by Ecentric Payment Systems in South Africa.

Chicago Tribune’s Blue Sky Innovation column takes a look at fraud detection innovator, Rippleshot.

NYmag features fintech from FinovateSpring 2014.

E27 looks at PlayMoolah’s Indiegogo campaign.

Cortera to bring its business credit risk management to Equipment Street’s marketplace.

Weight Watchers selects Kony to power mobile point of sale capabilities.

CoinDesk interviews Fidor Bank COO Michael Maier on the Munich-based bank’s decision to use Ripple Labs to move money.

Financial Guard, FutureAdvisor, Betterment, Jemstep, SigFig, and Wealthfront make Kiplinger’s Best Online Advisory list.

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

Wealthfront Reaches More Than $1 Billion Assets Under Management

By David Penn Posted on June 6, 2014
Categories: Wealthfront

Automated investment service, Wealthfront, announced this week that it now has $1 billion in assets under management. This is fast-paced growth, considering it had $100 million under management in early 2013, $500 million by December of 2013, and $800 million in March of this year.

This growth confirms the trend we’ve been seeing in the explosion of automated wealth management fintech services, the oft-called robo-advisors.

U.S.-based companies such as Betterment, LearnVest, Personal Capital, SigFig and European companies Nutmeg, Money on Toast, and rplan are all vying for consumers’ portfolios, trying to compete with superior algorithms.

Palo Alto-based Wealthfront differentiates itself by offering a Single-Stock Diversification service. This service enables users with a large portion of their net worth tied up in a single stock to transfer their holdings to Wealthfront, which will slowly sell off the stocks commission free, and with a tax-aware approach. While the service is currently available only for Twitter employees, ex-employees, and its investors, Wealthfront plans to open it up for more companies in the future.

Wealthfront demonstrated at FinovateStartup 2009, when it went by the name KaChing.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– June 6, 2014

By Julie Muhn (@julieschicktanz) Posted on June 6, 2014
Categories: CRIF, FinanceIt, Pellucid Analytics, Quantopian, Red Giant, Wealthfront, Zumigo

Everybody into the algos! Quantopian launches open beta program; announces $100 million in trades guided by platform algorithms.

FinovateSpring: Behind the Scenes with Pellucid Analytics, Red Giant, and Zumigo.

CRIF announces acquisition of majority stake in High Mark Credit Information Services.

Financeit closes $C35 million renewable purchase facility and a $C5 million warehouse line facility with Pacific & Western Bank of Canada.

Wealthfront reaches more than $1 billion assets under management.

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 14, 2014

By Julie Muhn (@julieschicktanz) Posted on May 14, 2014
Categories: ACI Worldwide, BodeTree, Bolstr, FinovateSpring 2014, Finovera, FutureAdvisor, LikeFolio, Loop, Manilla, Pindrop Security, Rippleshot, Saved Plus, Simple, TextPower, TIO Networks, Wallaby Financial, Wealthfront, WePay

TIO Networks partners with New Jersey’s Public Service Electric and Gas Company to set up bill payment kiosks.

Pindrop Security and AGNITiO partner to protect call centers as they adapt to an increasingly mobile customer base.

Bolstr explains the basics of crowdfunding on NBC Chicago.

Loop Wallet app now available on Android.

Maps Credit Union chooses ACI Worldwide’s online banking platform.

Javelin Strategy takes a look at bill pay alternatives to Manilla, including Finovera.

FinovateSpring 2014: Behind the Scenes with WePay, Rippleshot, and TextPower.

BodeTree brings in $2 million in Series A round.

SavedPlus, LikeFolio, Wallaby, FutureAdvisor, Simple and Wealthfront earn spots on CNN Money’s list of the 15 best financial websites and apps.

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

Weathfront Raises $35 Million in Round Led by Index Ventures, Ribbit Capital

By David Penn Posted on April 3, 2014
Categories: Wealthfront

Investment management service Wealthfront will have some investment management of its own to do in the coming weeks and months: the company just reported that it has raised $35 million in new capital.

The funding round was led by Index Ventures and Ribbit Capital, and included the participation of existing investors such as The Social+Capital Partnership, Greylock Partners, and DAG Ventures.

Wealthfront’s total funding now stands at $65 million.

Wealthfront is one of the largest automated investment management services in the world. In a market crowded with competitors, Wealthfront continues to see a bright future in automated investing thanks to the 90 million person, $2 trillion dollar millennial generation.

Said the company in a statement: “(Millennials) have grown up with software and lived through two market crashes. They overwhelmingly seek an investment solution that is automated, index-based, and low-cost.”

A few metrics from Wealthfront:

Growth of more than 700% since the beginning of 2013
Manages more than $500 million in customer accounts
Client accounts range from $5,000 to $10,000,000
More than 55% of the company’s users are below the age of 35

We last reported on Wealthfront when the company launched its new mobile app back in February. The mobile app lets users check account balances, view investment performance, and transfer funds to Wealthfront accounts.

Wealthfront (as “kaChing”) demoed on the Finovate stage as part of Finovate Startup in 2009. Former COO Adam Nash was promoted to chief executive officer in January 2014.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News — March 25, 2014

By David Penn Posted on March 25, 2014
Categories: Backbase, Bazaarvoice, Betterment, Credit Karma, Entrepreneurial Finance Lab, Kapitall, Lending Club, On Deck Capital, Place2Give, SmartAsset, Top Image Systems, Wealthfront

Eleven Finovate alums win awards at PYMNTS Innovation Project 2014.

Bazaarvoice announces partnership with Spredfast.

TechCrunch: Wealthfront, OnDeck, Lending Club, Credit Karma, Betterment, and Kapitall “come of age.”

CMS Wire reviews Backbase’s customer experience platform.

Top Image Systems’ eFLOW to process the digital census of a country in EMEA in a deal worth more than $1 million.

Place2Give releases GIVE-API to provide access to its database of charities as well as its payment processing tech.

SmartAsset raises $5.2 million in series A funding. Come see their live demo at FinovateSpring next month in San Jose.

Netherlands Queen Maxima visits Entrepreneurial Finance Lab (EFL) to see its psychometric credit scoring methodology in action.

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

Updated: Wealthfront’s Automated Investment Management Service Goes Mobile with New App

By David Penn Posted on February 27, 2014
Categories: Wealthfront

Now available on iOS, Wealthfront’s new mobile app makes it easy for investors to manage their money on the go.

Features on the mobile app include:

Account balance check
Investment account performance view
Fund transfer to Wealthfront accounts

Wealthfront provides personalized investment management for customers with accounts as small as $5,000. The company’s automated diversification and account rebalancing help keep costs low. And customers with larger account sizes can take advantage of additional features like free, daily tax-loss harvesting ($100,000 or more) and commission-free trading ($10,000 or more).

A variety of account types are supported by the platform, including taxable, IRA,and 401(k) rollover accounts.

Wealthfront is one of Finovate’s oldest alums, demoing as “kaChing” at Finovate Startup 2009. The company now has more than $500 million under management, and recently announced the promotion of its COO, Adam Nash, to Chief Executive Office.

Share this:

Send Post Twitter LinkedIn Facebook