Earlier this week, we attended the Future of Money conference in San Francisco. Over 20 Finovate Alumni companies were represented in the audience, and many of them presented or were included on panels.
During the conference, we gathered tidbits from some of the companies. Here are a few highlights:
Bill Harris, CEO, (pictured below) spoke about how wealth management needs to be more virtual, secure, and personal. He provided some stats
about the wealth-management platform:
- Average account size nearly $500,000
- Operates on a freemium model with $100,000 minimum account size
Mike Alfred, Co-founder and CEO, (pictured right) commented on BrightScope’s role in the advisor business:
- Seeks to bring transparency to the market
- Helps consumers steer away from “funds that suck”
Bo Lu, Co-founder and CEO, (pictured right) commented on FutureAdvisor’s platform:
- Makes the advisor process more convenient than traditional advisors
- Scales the advisor process to take less of a percentage than traditional advisors
Bertram Meyer, CEO, (pictured below) discussed how Taulia helps small businesses
get paid faster:
- The platform is free for suppliers
- Charges corporations (buyers) for either:
- A license subscription
- A gain share from the additional discounts earned against the target rate
Christian Lanng, CEO and Founder, (pictured right) described Tradeshift’s platform:
- It differs from banks because it has the ability to sift through the data that backs both the buyers and suppliers
- The platform is free for suppliers
- It sells connectivity to buyers as a SAAS platform to connect with supply chain
Priya Haji, CEO and Co-founder spoke about SaveUp’s user base:
- Skews towards users in their 20s and 30s
- Half male, half female
- Middle to upper-middle class
- Average income ranges from $75,000 to $125,000
- 30% of users are on the site every day
- 60% of users are on the site every week
To learn more about these companies check out their demos:
- Personal Capital’s FinovateFall 2011 demo
- BrightScope’s Finovate 2009 demo
- FutureAdvisor will present at FinovateSpring 2012.
- Taulia will present at FinovateSpring 2012.
- Tradeshift’s FinovateEurope 2012 demo
- SaveUp will present at FinovateSpring 2012. Get your ticket here.