Xero Archives - Page 16 of 25

Finovate Alumni News: March 3, 2015

By Julie Muhn (@julieschicktanz) Posted on March 3, 2015
Categories: Betterment, Bluefin Payment Systems, CrowdFlower, EyeVerify, HelloWallet, Linkable Networks, Malauzai Software, ThreatMetrix, Wealthfront, Xero

Your Daily Distraction: FinovateEurope 2015 Demo Videos Now Available.

Linkable Networks Rakes in $11.7 Million.

Pymnts discusses how Xero will use its recent funding.

ThreatMetrix now protects more than 1 billion mobile and web transactions each month.

TechCrunch: Wealthfront Now Manages More Than $2 Billion In Client Assets.

CrowdFlower launches Data for Everyone initiative, releasing data sets to the public.

Bluefin Payment Systems and Small Business Workbench partner for integrated payments.

HelloWallet, now owned by Morningstar, to deliver financial wellness software to Seagate employees.

BBC News feature on robo-advisers highlights Wealthfront and Betterment.

Malauzai Software and Payveris bring next-day P2P payments to First United Bank.

ZTE partners with EyeVerify to add Eyeprint ID to its Grand S3 handset.

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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Alumni News– February 25, 2015

By Julie Muhn (@julieschicktanz) Posted on February 25, 2015
Categories: Bluefin Payment Systems, BodeTree, CAN Capital, Credit Karma, Digital River, Lending Club, LendingRobot, PaySimple, ProfitStars, Rippleshot, Social Money, Trunomi, ValidSoft, Verde International, Xero

Finovate Debuts: How Trunomi Shares Customers’ Personal Info while Maintaining Their Privacy.

LendingRobot adds Automated Secondary Market Trading.

Entrepreneur features BodeTree.

Digital River wins the 2015 Merchant Payment Ecosystem Award.

PYMNTS looks at Credit Karma’s funding history and future plans.

Lincoln Savings Bank to Deploy CorePro from Social Money.

Verde International and Lending Club featured in PYMNTS column on banks and non-traditional loan decision-making.

Xero Raises $110 Million from Accel Partners, Matrix Capital.

CAN Capital and Worldpay partner to improve access to capital for SMEs.

Crain’s Chicago Business looks at Rippleshot and its plans for winning bigger clients.

ValidSoft launches its Device Trust solution with a second major UK bank.

Yelp Senior Vice President of Revenue Jed Nachman joins PaySimple Board of Directors.

Bluefin Payments partners with Infinite Peripherals, an mPOS device provider.

ProfitStars launches its Commercial Lending Center, a small business lending portal.

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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Xero Raises $110 Million from Accel Partners, Matrix Capital

By David Penn Posted on February 24, 2015
Categories: Xero

How many Xero’s are there in $110 million dollars?

The cloud accounting specialist reported Tuesday that Accel Partners will invest NZ$132.9 million by way of a share purchase valued at NZ$20 per share. Along with Matrix Capital Management, which will invest NZ$14.3 million, the investment will bring Xero’s total cash to NZ$285 million, or $213 million USD.

Xero CEO Rod Drury said that the investment was “a testament to our success and our potential to become the small business SaaS platform of choice for entrepreneurs around the globe.”

Accel partner Andrew Braccia pointed to Xero’s plans for expansion in the United States as one of the reasons his company was enthusiastic about Xero. “Accel always looks for enduring technologies with global reach and we see the need and opportunity for millions of small businesses to grow on Xero’s platform.”

The New Zealand-based company plans to use the funds to support growth in both the United States and the United Kingdom. Xero also announced a major personnel change on Tuesday, appointing Russell Fujioka to U.S. President.

Above: David Pollock, Head of U.S. Partnerships, presenting at FinDEVr San Francisco 2014

The investments for both Accel Partners and Matrix Capital are expected to close in mid-March. With its investment, Accel will join Matrix in being able to participate in future share placements.

Xero has enjoyed a great deal of positive press in recent months. The company was highlighted as “our best purchase of 2014” by Business Betties, named to KPMG’s 50 Best Fintech Innovators, and reached a milestone of 400,000 paying customers last December.

Xero participated in the inaugural FinDEVr 2014 event in San Francisco.

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Alumni News– January 14, 2015

By David Penn Posted on January 14, 2015
Categories: App Annie, LikeFolio, Patch of Land, PayPal, ShopKeep POS, Silanis Technology, WePay, Xero

PayPal Here to provide Windows support, previews EMV card reader.

App Annie raises $55 million in Series D round.

Andy Swan of LikeFolio quoted in Yahoo! Finance’s look at Amazon and Walmart.

Crowdfund Insider profiles Patch of Land.

Insurance Brokers Association of Ontario (IBAO) partners with Silanis to offer e-SignLive to its members.

WePay CEO Bill Clerico writes about the relationship between Bitcoin, ApplePay, and mobile payments in 2015.

Check out FinovateEurope 2015 Sneak Peek: Part 1.

Xero opens Payroll solution to SMBs in California, Florida, and Texas. Plans to be in all 50 states by end of 2015.

ShopKeep Pocket app launches with real-time reporting features.

Kreditech Acquires Kontomierz for “Seven Digit Amount”.

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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Alumni News– December 19, 2014

By David Penn Posted on December 19, 2014
Categories: ayondo, Betterment, BrightScope, CardFlight, CREALOGIX, Financial Guard, FutureAdvisor, Holvi, IntelliResponse, Jemstep, Klarna, Loop, Meniga, Open Bank Project, peerTransfer, Personal Capital, SigFig, TradeKing, TransferWise, True Potential, Wallaby Financial, Wealthfront, Xero

Money Facts looks at how TransferWise helps consumers save on money transfer fees.

Huffington Post features Matthew Goldman of Wallaby Financial in a conversation on credit card strategies for travelers.

PYMNTS.com interviews LoopPay Chief Technologist George Wallner.

A comparison between Stockholm and Silicon Valley in The Independent highlights Klarna.

Virtual Agent Chat checks in on post-acquisition IntelliResponse.

Cardflight’s SwipeSimple joins MasterCard mPOS providers.

News.com.au reports: How Xero went from a scribbled figure on a serviette to a $2 billion company.

Crealogix and Meniga create Digital Bank and PFM Solution for BNP’s Consors Bank.

peerTransfer named 2014 Winner of BostInno’s 50 on Fire Award.

Forbes lists Holvi as 1 of 5 Finnish startups to watch.

Programmable Web considers how Open Bank Project’s API brings more openness to banking internationally.

Ayondo launches ad campaign on 2 major German TV networks.

Business Insider features Betterment, Financial Guard, FutureAdvisor, Jemstep, Personal Capital, SigFig, TradeKing, and Wealthfront in a look at the growth of robo-advisors.

BrightScope releases its Top 30 401(k) Plans List.

Management Today profiles David Harrison, managing partner at True Potential.

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 Alums Fill Ranks of KPMG’s Fintech Innovators for 2014

By David Penn Posted on December 18, 2014
Categories: Betterment, Coinbase, Credit Karma, CUneXus, Dwolla, eToro, FutureAdvisor, Kabbage, Klarna, Kreditech, LearnVest, Lending Club, MiiCard, Motif Investing, Nutmeg, On Deck Capital, PayNearMe, Personal Capital, Prosper, SecureKey, SigFig, SocietyOne, Stockpile, SumUp, The Receivables Exchange, TransferWise, Wealthfront, Xero, Yodlee, Zopa

Draw up a list of the top fintech innovators of 2014. Got it? Now tell me how many of your top 50 companies are not just impressive companies in their respective fields, but Finovate alums, as well.

If you are global accounting and consulting group, KPMG, then the answer is “more than half.”

Of the 50 companies recognized by KPMG in its 2014 review of top fintech innovators, 27 have demoed their technologies at Finovate conferences. And of that 27, 13 have won Best of Show at least once.

The inaugural “50 Best Fintech Innovators” report is a joint venture between AWI Ventures KPMG Australia and the Financial Services Council (FSC).

The companies chosen were selected based on four factors: total capital raised, rate of capital raising, degree of sub industry disruption, and “degree of product, service, customer experience and business model innovation.”

Writing in an introduction to the report, AWI Limited CEO Ben Heap explained why fundraising played such a prominent part of the selection process.

“These assessment criteria reflect the fact that venture capital invested is a relevant measure of innovation which in turn fuels enduring competitive advantage,” he wrote.

“Venture capitalists seek this enduring competitive advantage over and above everything else.”

Here’s a breakdown of Finovate alums in the list, in order of appearance, along with links to their most recent demo video. Boldface indicates Best of Show winner.

Wealthfront – (as kaChing) FinovateStartup 2009
Kabbage – FinovateFall 2014
Motif Investing – FinovateFall 2013
Klarna – FinovateSpring 2012
Lending Club – Finovate 2007
OnDeck – FinovateSpring 2012, FinDEVr San Francisco 2014
Kreditech – FinovateSpring 2014
Xero – FinovateSpring 2011, FinDEVr San Francisco 2014
Yodlee – FinovateFall 2013, FinDEVr San Francisco 2014
Prosper – Finovate 2007
Coinbase – FinovateSpring 2014
Credit Karma – FinovateStartup 2009
LearnVest – FinovateFall 2011
Personal Capital – FinovateFall 2011, FinDEVr San Francisco 2014
PayNearMe – FinovateSpring 2013, FinDEVr San Francisco 2014
SecureKey – FinovateFall 2010
Nutmeg – FinovateEurope 2012
Transferwise – FinovateEurope 2013
Betterment – FinovateFall 2010
SocietyOne – FinovateAsia 2012
eToro – FinovateEurope 2011
SumUp – FinovateEurope 2013
Zopa – FinovateSpring 2008
Receivables Exchange – FinovateFall 2010
FutureAdvisor – FinovateFall 2013
Dwolla – FinovateSpring 2011
SigFig – FinovateFall 2011

“Ones to Watch”

CUneXus – FinovateSpring 2014
miiCard – FinovateFall 2013
StockPile – FinovateSpring 2014

See the full list of companies here.

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Alumni News– December 10, 2014

By David Penn Posted on December 10, 2014
Categories: Arxan Technologies, Backbase, Dwolla, eMoney Advisor, Entersekt, Kasasa, Lendio, MasterCard, Mitek, Motif Investing, Payfone, PayItSimple, PayPal, PayStand, Receivables Exchange, Temenos, Wealthfront, Xero

NCR to sell new mobile imaging solutions from Mitek.

Backbase teams up with Accenture to help FIs improve customer engagement through digital channels.

Dwolla announces role as payment partner for Microsoft for Government initiative.

Australia-based ME Bank deploys core banking system, business intelligence, and anti-money laundering solutions from Temenos.

MasterCard launches MasterPass in France and Russia.

Finovate Debuts: eMoney Advisor Provides Financial Advisors with a Suite of New Planning Tools.

Independent Financial Advisor takes a look at Motif Investing and Wealthfront.

Xero reaches 400,000 paying customers.

Entersekt responds to FIDO Alliance’s U2F specifications with its FIDO U2F-enabled authentication solution, Transakt.

Fintech for the Rest of Us blog mentions PayStand over PayPal and Stripe for bitcoin payments.

PayItSimple integrates with 30 more payment gateways in collaboration with Spreedly now integrated with approximately 70% of all gateways in the US.

Payfone and Early Warning partner on mobile authentication.

Marlborough Savings Bank now offers Kasasa to enhance checking account offering.

Spend Matters reports: Receivables Exchange the largest of the Online Invoice Auction Exchanges.

Arxan announces enhanced mobile runtime app self protection (RASP) capabilities.

Lendio named One of Utah’s Best Companies to Work For in 2014.

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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Alumni News– November 21, 2014

By Julie Muhn (@julieschicktanz) Posted on November 21, 2014
Categories: Actiance, Bazaarvoice, Bionym, Blockchain, CAN Capital, Fiserv, FreeAgent, Intuit, Kashoo, Oink, PayStand, Thinknum, Tuition.io, Virtual Piggy, VoiceTrust, Xero, Yodlee

Umbrella.co.uk migrates client base of 1,000+ freelancers and contractors to the FreeAgent platform.

Uber helping drivers manage and pay back their student loans by partnering with Tuition.io.

Actiance recognized in Gartner 2014 Magic Quadrant for Enterprise Information Archiving.

Bloomberg: CAN Capital to weigh IPO with up to $2 billion value.

Intuit’s Quickbooks and Xero coming to Square App Marketplace.

PayStand sets flat fees for e-check payment option.

Virtual Piggy, provider of Oink, launches the Oink Discover prepaid card for teens.

Fiserv links its Popmoney P2P payment solution to charitable giving.

Yodlee wins top honors at Citi Mobile Challenge Latam 2014.

Bazaarvoice announces plans to relocated to new corporate HQ in North Austin.

Kashoo announces enhancements to its web app, including more P&L options and increased security.

VoiceTrust launches strategic partnership with German biometric cloud security company, BioID AG.

Blockchain launches PHP API library.

The Washington Post features Bionym’s Nymiband.

Accenture mentions Thinknum as an innovation that is helping to change the banking industry.

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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Alumni News– November 11, 2014

By Julie Muhn (@julieschicktanz) Posted on November 11, 2014
Categories: Cachet Financial Solutions, Coinbase, Hoyos Labs, Linkable Networks, TradeHero, Xero

Linkable Networks Raises $8 Million for Card Linked Offers Platform.

AsiaOne Business features TradeHero.

Coinbase integrates with Openfolio to create transparency in who is investing in Bitcoin.

Cachet Financial Solutions Launches Enhanced Select Business Solution.

Xero announces new dashboard.

NY Times features Hoyos Labs.

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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Alumni News– October 13, 2014

By David Penn Posted on October 13, 2014
Categories: Boku, Compass Plus, eToro, InComm, Misys, P2BInvestor, Silanis Technology, Toshl, Xero

Compass Plus announced that its TranzWare e-Commerce authentication solution supports American Express SafeKey.

NewsRepublic features Toshl Finance in its roundup of five apps to help you organize personal finances.

P2Binvestor signs $1 million revolving line of credit from New College Capital Ltd of London.

InComm announces partnership with Virginia Department of Transportation to launch E-ZPass Reload Cards.

Xero earns number one spot in annual BRW Most Innovative Companies list.

eToro adds native Android sharing to its update of OpenBook for Android.

Silanis launches new partnership with AgencyPort Software.

eSeller features Boku in its review of top payment apps.

Misys inks deal to bring Russia’s Cinimex into its InFusion Partner Programme.

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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Alumni News– October 10, 2014

By David Penn Posted on October 10, 2014
Categories: BizEquity, blooom, Luxoft, Nostrum Group, TSYS, Xero

CNBC’s Squawk Box Europe interviews Luxoft CEO Dmitry Loschinin.

Nostrum Group adds another 3,000 square feet at its Windsor Court headquarters.

Xero Touch wins Best Mobile Finance App and Best Overall App at SVBA Awards.

Banco del Bajio to deploy PRIME 4 card management solution from TSYS.

Retirement Income Journal features blooom.

BizEquity announces $5 million investment from Frost Brooks.

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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Alumni News– October 9, 2014

By Julie Muhn (@julieschicktanz) Posted on October 9, 2014
Categories: Arxan Technologies, BioCatch, CurrencyFair, Holvi, InComm, Xero, Zopa

Arxan Technologies partners with Xamarin to provide developers with enhanced application security solution.

InComm partners with PayPoint to launch Digital Gaming Vouchers.

Former Commonwealth Bank CMO Andy Lark appointed as Xero’s new CMO.

Technologie.ie interviews Brian Monaghan, head of online at CurrencyFair on the growth of hacking.

Avaus lists Holvi among the 30 smartest companies in Finland.

Fairer Finance gives top marks to Zopa in its latest personal loan roundup.

Fast Company profiles how BioCatch makes online art out of visualizations of hacking attacks.

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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