2012 Funding for Finovate Alumni– More than $450 Million Raised

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.

P2P Lending Pioneer Zopa Announces New Funding Round

Image representing Zopa as depicted in CrunchBase

UK peer-to-peer lender, Zopa, announced Monday that it landed a “multi-million pound” funding-round. Exact terms remain undisclosed. Augmentum Capital, a venture capital fund under RIT Capital, led the round.

Zopa’s news arrives as the United Kingdom takes a closer look at the growing business of peer-to-peer lending, and is considering additional regulations on the industry. Founded in 2005, Zopa was the first “peer-to-peer” lending marketplace. It now has about 500,000 members who have lent more than £250 million among themselves.

Investors in the company have included Balderton Capital, Forward Venture Partners, Bessemer Venture Partners, and Wellington Partners, as well as Augmentum Capital.  

Additionally, the British government has announced that Zopa will be one of the peer-to-peer lenders it will use as part of £110 million in lending to small-and-medium-sized enterprises.  Zopa’s share of the initiative is £10 million.

Zopa’s now-defunct USA affiliate presented at the first Finovate in San Francisco here.

Finovate Alumni News– December 12, 2012

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

  • BrightScope’s annual list of top 401(k) funds has been highlighted in The New York Times.
  • Two credit unions sign deal with TSYS to provide payments services for consumer credit businesses.
  • MasterCard announces investment in and partnership with C-SAM.
  • British government to loan 10 million pounds to SMEs by way of P2P lender, Zopa.
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.

Finovate Alumni News– November 29, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMetaforic unveils Latest Software Protection Technology.
  • Monitise in talks to raise up to 100 million pounds ($160 million USD).
  • miiCard launches online identity trust challenge for Scotland’s university students.
  • American Banker looks at My Community FCU’s experience with MoneyDesktop.
  • Zopa exceeds a quarter of a billion pounds ($400 million USD) in P2P loans.
  • Forbes reports that Corduro is seeking to raise $10 million in series B funding.
  • Pageonce adds File Cabinet, Scheduled Payments to improved Money & Bills app.
  • Epson expands global deployment of Bazaarvoice platform.
  • Matchfund wins place in Yodlee Interactive Incubator Program.
  • Experian announces renewed data, analytics deal with Hitachi Capital UK.
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.

Finovate Alumni News– August 7, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMortgage Technology examines how Gerrard Schmid plans to combine Mortgagebot’s POS & Avista’s LOS tech.
  • Zopa reports biggest month yet with nearly £8 mil leant between members in July.
  • Cortal Consors wins Mobile Banking award from German-based “Leseraward Börse Online und n-tv”.
  • Aptys Solutions announces Midwest Independent Bank as new bank customer.
  • Australia’s Financial Review profiles CurrencyFair.
  • SecondMarket releases snapshot of users.
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.

Finovate Alumni News– July 10, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBinary Now begins accepting PayNearMe payments from customers without credit card.
  • Mootwin drives BNP Paribas Group’s new iPad economic news app.
  • Mitek hires former Green Dot CTO, Michael Strange, as CTO.
  • Fiserv appoints Dennis Lynch to Board of Directors.
  • Diversinet appoints Bret Jorgensen as Chairman of the Board.
  • Tradestreaming names Wall Street Survivor app of the week.
  • Cachet Financial launches Merchant RDC Tablet Solution.
  • Lending Club wins AlwaysOn Global 250 Award for third consecutive year.
  • Wiltshire business looks at positive returns from Zopa.
  • Q2ebanking opens office in Atlanta to support growth.
  • 2 Minute Finance gets a demo from Portfolio Football.
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.

Finovate Alumni News– June 25, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights Simple’s Safe to Spend balance feature.
  • Money Week discusses non-traditional banking methods such as Zopa and Wonga.
  • Radware and Check Point Software Technologies form partnership.
  • miiCard wins “Technology Innovation in Financial Services” at the 2012 Digital Technology Awards.
  • Mint.com partners with Zillow to give users home valuation reports.
  • Monitise seeks Bankers for possible LSE switch.
  • Mobile Payments Today reports Dwolla is out to change the way money moves.
  • Bill.com wins Stevie Award for customer service.
  • Russian NOMOS-BANK launches Figlo Platform for its premium banking customers.
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.

Finovate Alumni News– June 19, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThis is Money Blog compares Zopa with RateSetter and Funding Circle.
  • Geosho brings location-based visualization to Tradeshift.
  • TechCrunch lists reasons why its okay to trust FutureAdvisor to manage your money.
  • Credit Union Journal reports Star One CU Launches Tyfone’s Mobile Banking.
  • American Banker reports Andera’s oFlows supports paperless account opening.
  • Kony and Wipro form partnership to speed up mobile app development.
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.

Finovate Alumni News– June 11, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTagit wins coveted Emerging Enterprise Award 2012.
  • BlogTalkRadio talks to Kathryn Petralia, COO & Co-founder of Kabbage.
  • Offermatic alters business model, no longer pursuing card-linked offers.
  • Chicago Tribune looks at Future Advisor and Betterment as two inexpensive investing platforms.
  • BBC news reports Zopa has lent more than £200m since it started in 2005.
  • Credit Sesame Scores $12 Million in Series C Funding.
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.

Finovate Alumni news– April 24, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBank Technology news highlights T8 Webware’s internship program.
  • Arroweye Solutions patents digital on-demand technology.
  • Ensenta & MShift extend the reach of mobile banking with mobile deposit.
  • P2P-Banking reports Zopa to add more loan terms.
  • Celent publishes FinovateEurope 2012 report that looks at innovative payment startups.
  • Acculynk announces Digital River World Payments as a new PaySecure client.
  • Corporate Insight looks at FutureAdvisor. Come see their new tech at FinovateSpring 2012 in two weeks.
  • BancVue’s MoneyIsland wins Eifle Award for Instructional Game of the Year.
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.

Finovate Alumni News– April 10, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCredit Karma is moving its headquarters to San Francisco’s financial district.
  • Linkable Networks is listed as 1 of 5 startups you should follow.
  • Tablet PC review lists Wikinvest Portfolio as one of the best iPad apps for tracking Wall Street stocks.
  • AOL Daily Finance names HelloWallet as 1 of 5 money-smart apps for business travelers.
  • UNC’s Kenan-Flagler Business School turns to Ping Identity to solve identity management complexity.
  • Daily Herald looks at Credit Sesame.
  • Kony Solutions appoints Harold Goldberg as CMO.
  • The Bellingham Herald recommends using Expensify to organize your expenses for tax time. Come see the live demo at FinovateSpring next month in San Francisco.
  • Scotsman covers UK P2P company, Zopa.
  • CNN Money lists SecondMarket as 1 of 8 crowdfunding sites to watch.
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.

Finovate Alumni News– March 30, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMSN Money UK explains how Zopa represents the future of banking.
  • MintLife blog reviews FutureAdvisor. Come see their live demo at FinovateSpring.
  • Silicon Prairie News covers a SXSW panel discussion where Dwolla discussed growth. See its new tech at FinovateSpring.
  • Forbes interviews PaySimple CEO, Eric Remer, on how he began the startup. Come see PaySimple at FinovateSpring in San Fran.
  • MSN Business on Main interviews Dwolla’s Ben Milne, asks if it’s the next PayPal.
  • Currensee expands into Latin American region with Spanish website.
  • Xero partners with Abukai, helps MYOB users migrate accounting 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.