Finovate: Kapitall Archives

Kapitall Enables Users to Trade Stocks Through Its Platform

By Julie Schicktanz on January 25, 2012 3:07 PM

New York-based Kapitall now enables users to trade stocks through its platform:

TechCrunch reports:

"The simple brokerage platform has no minimums to open and maintain an account, and is fully paperless. You can choose to transfer real money into Kapitall to begin trading or use practice portfolios to see how your trades perform, risk-free."

The user-friendly GUI, with its drag-and-drop interface, makes it easy for novice traders to build portfolios and execute trades.

To learn more about Kapitall, watch its FinovateFall 2010 demo.

Finovate Alumni News-- November 28, 2011

By Julie Schicktanz on November 28, 2011 10:13 AM

Payments Journal looks at Dwolla's P2P payment platform.

Prosper announces iPod Nano giveaway for borrowers.

Simply Stacie describes BillFloat's daily $50 giveaway.

OnPoint CU debuts Tyfone mobile gift card service.

Active Filings describes how consumers can benefit from BillGuard's fraud-monitoring service.

Freewaregenius describes the Kapitall user experience.

Xero makes BestVendor's list of 25 most beloved web services and work apps with a belovedness score of 38%.

SafetyPay available as payment option for Facebook Credit purchases.

Pageonce sees $1 million in user bill payment, launches iPad app.

Credit Sesame launches free iPhone 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.

Finovate Alumni Website Traffic in September

By Julie Schicktanz on November 2, 2011 1:00 PM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.

Private Companies

Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
Kabbage had the highest percentage growth year-over-year, up 280x.
Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was August 2011

2) Sears Credit Score is powered by CreditKarma.com

3) Truaxis was formerly BillShrink

4) Kasasa is powered by BancVue

Public companies

CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.

Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = not measurable

4. t= tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni Website Traffic in August

By Julie Schicktanz on October 20, 2011 6:30 PM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.

Private Companies

Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
Betterment had the highest percentage growth year-over-year, up 88x.
Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million.

Source: Compete.com retrieved week of October 3, 2011

1) The previous month recorded was July 2011

2) Truaxis was formerly BillShrink

3) Sears Credit Score is powered by CreditKarma.com

4) Kasasa is powered by BancVue

5) Checkingfinder.com is powered by BancVue

Public Companies

Fiserv had the highest month-over-month percent growth, with 50% more visitors.
CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
S1 also had a high percentage growth year-over-year, doubling its visitors.

Source: Compete.com retrieved the week of October 3, 2011

1) The previous month recorded was July 2011.

_______________________________________________________

Notes:

1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. t= Tie

5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

KAPITALL Launches Interactive News Site KAPITALL WIRE

By Julie Schicktanz on October 6, 2011 7:12 PM

Earlier this week, online investing platform KAPITALL launched KAPITALL WIRE at wire.kapitall.com:

"KAPITALL WIRE features timely, in-depth analysis of individual and screened groups of companies, and is enhanced by KAPITALL's interactive tools, which are embedded in each article. KAPITALL WIRE crunches the numbers so investors don't have to do the heavy lifting themselves."

In addition to the articles, it also has sections on investment ideas and investing 101.

To learn more about KAPITALL, watch its demo from FinovateStartup 2009.

Finovate Alumni Website Traffic in July

By Julie Schicktanz on August 29, 2011 9:48 AM

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.

Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down.

Private Companies

Notable successes:

Seeking Alpha had the most traffic in July with more than 2 million unique visitors.
eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June.
Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June.
eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July.

Source: Compete.com retrieved week of August 15, 2011

1. The previous month recorded was May 2011

2. Sears Credit Score is powered by CreditKarma.com

3. Kasasa is powered by BancVue

Public Companies

Notable successes:

PayPal had the highest number of U.S. visitors in July, with more than 30 million visitors.
Jack Henry & Associates saw the highest monthly growth with twice as many visitors in July than June.
Wipro Technologies had the highest year-over-year growth, with 3 times as many visitors this year compared to last year.
FIS Global and Online Resources also doubled their traffic compared to last year.

Source: Compete.com retrieved the week of August 15, 2011

1. The previous month recorded was May 2011.

_______________________________________________________

Notes:

1. We reviewed 255 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.

3. NM = Not measurable

4. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

PayPal and Cortera Take Charge in May's Web Traffic

By Julie Schicktanz on July 7, 2011 2:07 PM

Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate.

Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.

Private Companies
The 44 private companies are as follows:

Notable successes:

Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
Betterment saw its traffic increase an impressive 38 times from May of last year.

Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

Public Companies
The 18 public companies are as follows:

Notable successes:

PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.

Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

Source: Compete.com retrieved June 29, 2011

_____________________________________________________________________________

Notes:

1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because:

They had been acquired.
They were no longer available online.
They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
The number of unique visits was too small to be considered accurate.
They were subdomains of larger websites.

2. Numbers have been rounded to three significant digits.

3. The charts include companies that did not have measurable traffic in May 2011, indicated by "N/A."

4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.

Alumni News -- Week of May 16, 2011

By Julie Schicktanz on May 20, 2011 1:06 PM

Bill.com
Practical Ecommerce listed Bill.com as 1 of 19 tools for online bookkeeping and invoicing Link

BrightScope

BrightScope announced the top 10 commodities funds held in America's 401k plans Link

Frazier & Deeter, FD Alliance, BrightScope and SignatureFD conducted a national webinar on BrightScope's tool that rates employee benefit plans. Link

ClairMail

ClairMail reported record growth with a record number of customer acquisitions and a 300% increase in user growth Link

eRollover

eRollover announced its Facebook Early Retirement Vacation Sweepstakes Link

Finantix

Wealth Management 360 highlighted Finantix's Finovate Europe demo Link

Intuit

Intuit reported an increase of internet banking users by 9% and bill pay users by 23% Link

iPay Technologies

iPay Technologies reached 1 Million users of its P2P electronic payment service, with almost 8 million payments processed to date Link

IronKey

IronKey continued hyper growth in Q1 2011, as bookings increased by 90% compared to last year Link

Kapitall

Kapitall implemented an alert system for current news on stocks and funds. These new alerts will keep users informed and will link directly to Kapitall's analytical tools for a quick understanding of changes. Link

Kashoo

Practical Ecommerce listed Kashoo as 1 of 19 tools for online bookkeeping and invoicing Link

Kashoo was selected by IDC as one of Canada's Top 10 cloud companies to watch Link

On Deck Capital

Tech Crunch reported On Deck Capital's announcement of the On Deck Score, a credit score for small businesses. This program seeks to fix the problem of businesses borrowing money as consumers http://tcrn.ch/kNjGX6 Link

Outright.com

Practical Ecommerce listed Outright.com as 1 of 19 tools for online bookkeeping and invoicing Link

SecondMarket
SecondMarket experienced $115M in private stock sales during Q1 Link

TradeKing

TradeKing ranked number four in customer service for the second consecutive year in the Annual Broker Survey by Wall Street Journal's magazine, SmartMoney Link

Wonga

Wired UK mag covered Wonga's disruptive process of making borrowing money completely automatic. Are they transforming personal finance? Link

Wonga should have won of Startup 100 Awards, not Spotify Link

Alumni News -- Week of December 29, 2010

By Jessica Ward on January 3, 2011 5:25 PM

To see updates on Finovate alumni companies follow our live feed on Twitter.

Bill.com now offers receivable tracking. -- The new module, still in Beta, allows users to invoice, and track receivables and even receive payments electronically. http://bit.ly/finovate12282

Check out the new branding at Bancvue's Kasasa. -- The company has implemented a new, edgier corporate identity, to better blend with the slam-poetry marketing campaign. http://bit.ly/finovate12283

Expensify unveiled a new reporting system. http://tcrn.ch/finovate12292

Kapitall launches new tools for 2011. -- New features include dynamic lists of what's hot, the most popular trades, and watch lists in every sector. http://bit.ly/finovate12302

Mint.com goes to school with a new, free financial curriculum for middle schools. -- The program, a partnership with Scholastic, will be expanded to 30,000 schools in early 2011. http://tcrn.ch/finovate12281

See Lending Club's list of top 100 financial micro-bloggers. http://bit.ly/finovate12284

Congratulations Lending Club on reaching $200 million in funded loans. http://bit.ly/finovate12301

TechCrunch explains why the SEC need not tighten regulation of SecondMarket and other secondary market trading sites. http://tcrn.ch/finovate12303

Alumni News -- Weeks of December 13 and 20, 2010

By Jessica Ward on December 30, 2010 9:00 AM

To see Finovate news updates in real-time, follow our feed on Twitter.

Backbase explores mobile banking in its fall webinar series. http://bit.ly/finovate1293

BlazeMobile creates smart payments sticker.http://bit.ly/finovate12133

BrightScope releases top 30 retirement plans. http://bit.ly/finovate12143

Capital Access special report on "Black Friday" and small business sales data. http://bit.ly/finovate1282

SunTrust has added the "Transfer Now" product suite from CashEdge including person-to-person and me-to-me transfers. http://bit.ly/finovate12165

ClairMail and Cardlytics partner to provide transaction marketing opportunities. http://bit.ly/finovate1281

Expensify is hiring for multiple positions. - The company is currently looking for Web developers and computer engineers at several levels. http://bit.ly/finovate1216

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

Geezeo selected by University Federal Credit Union as PFM provider. http://bit.ly/finovate12151

GoalMine hosting cash contest via Facebook to spread the word. http://bit.ly/finovate1292

Kapitall closes series A funding round. -- The company did not release funding amounts or sources. http://bit.ly/finovate12163

Kasasa on "green" community banking. -- See what a green bank looks like. http://bit.ly/finovate12132

Seventy percent of US Airlines have migrated to Kony Mobile-powered travel apps. http://bit.ly/finovate12142

Lending Club featured in San Fransisco Chronicle, Black Enterprise, and PBS. http://bit.ly/finovate12131

mFoundry deploys Washington Trust Bank's mobile banking app. -- This makes 260 customers so far using the mFoundry mobile applications. http://bit.ly/finovate12161

Congratulations to Mint founder, Aaron Patzer, winner of a TechFellow Award for General Management. http://tcrn.ch/finovate1296

M ozo powering new "Compare, Ditch and Switch" campaign. -- The services allows 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.

SmartyPig launches cash rewards card with only a one-time activation fee of $4.95. http://bit.ly/finovate12134

Victrio receives $5 million investment for voice-printing technology. http://bit.ly/finovate12141

FinovateFall 2010 Demo Videos Now Available

By Eric Mattson on November 7, 2010 8:38 PM

We're pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall's NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition!

(P.S. If you're interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Alumni News -- Weeks of October 11 and 18th, 2010

By Jessica Ward on October 26, 2010 1:16 PM

Third-party Blippy application released. The new application, Blipped, was released by Mindsmack. http://bit.ly/finovate10121

BrightScope launches BrightScope Beacon. Beacon will provide detailed analysis of the Defined Contribution marketplace. http://j.mp/finovate10155

Dynamics Inc. releases "dynamic" cards to prevent credit card skimming and card number theft. http://bit.ly/finovate10213 Also, the company is featured in a flattering page-one business story in Friday's New York Times. http://nyti.ms/finovate10266

Firethorn joins up with Pennsylvania State Employees Credit Union to offer mobile banking. PSECU's 370,000 members will now have mobile banking service with Firethorn's mobile application. http://j.mp/finovate10153

Geezeo partners with Ping Identity for secure sign-on. Geezeo users will now have access to secure access via single sign-on. http://j.mp/finovate10154

KaChing gets $100 million under assets and changes name to Wealthfront. Read more at TechCrunch about the company's change in identity. http://tcrn.ch/finovate10211

Kapitall's iPad app makes the top 10 in the iTunes "free finance" category. http://j.mp/finovate10111

Bloomberg.com reviews Kapitall. Bloomberg says Kapitall is "opening the financial services business to a broader range of investors." http://j.mp/finovate10157

mFoundry offers innovative mobile banking "adoption guarantee" to new customers. http://bit.ly/finovate10221

Mint.com launches social media contest. The "Drop Your Debt" challenge offers cash prizes for dropping debt. http://bit.ly/finovate10224

Mint.com unveils new tools including home-value estimates from Zillow and a life-insurance calculator. http://bit.ly/finovate10225

Outright.com now supports Harvest integration for time tracking. Billable hours, payroll and more can be tracked with the Harvest application which now integrates seamlessly with Outright. http://bit.ly/finovate10123

Prosper.com adds one- and five-year terms to its peer-to-peer loan offerings. http://bit.ly/finovate10212

Another innovative social media contest from SmartyPig. SmartyPig's $20,000 gift card giveaway begins Mon., Oct. 25. http://bit.ly/finovate10222

Orange County Credit Union adopts Tyfone Mobile Payments. Orange County Credit Union, founded in 1938, has 79,000 members and $950 million in assets. http://bit.ly/finovate10122

ZashPay and PopMoney profiled in the San Francisco Chronicle as powerful alternatives to PayPal. See the pros and cons of a number of different mobile money-transfer services. http://j.mp/finovate10151

Weekly Updates -- Week of 10/3/10

By Jessica Ward on October 11, 2010 5:18 PM

Here are the news updates for the past week. To view our updates in real-time, follow us on Twitter here.

Andera closes a $9 million funding round led by Edison Ventures. The company plans additional hiring soon. http://bit.ly/finovate9282

Bling Nation now available throughout the Stanford University campus. Students and visitors can now buy lunch, coffee or books with their mobile phones. http://bit.ly/finovate9274.

Palo Alto, CA, is ready for Bling Nation mobile payments. http://yhoo.it/finovate9283

Blippy reports users sharing $500K in purchases a day. http://j.mp/finovate1061

CashEdge partners with Bundle.com on the "My Money" application. http://bit.ly/finovate1017

Centrro is changing focus, no longer providing credit scores. It will instead focus on helping users understand and improve their credit. http://j.mp/finovate1065

ClairMail raises $13.8 million for mobile banking technology. http://tcrn.ch/finovate1056

TechCrunch profiles Credit Sesame. http://tcrn.ch/finovate1016

Jemstep prepares to add Exchange Traded Funds (ETFs) and stocks to the mix. See how far they've come since launching in private beta. http://bit.ly/finovate1015

Jwalla and Cardlytics partner to provide reward programs. http://bit.ly/finovate9291

DownloadSquad.com reviews Kapitall. "Massive, beautiful stock market playground." http://bit.ly/finovate1011

Kapitall's iPad app is now available in the iTunes App Store. http://j.mp/finovate1063 (See the Wired Magazine review.) http://j.mp/finovate1064

Federal Credit Union (NJ) is now offering Kasasa Tunes, which pays rewards on free checking in iTunes credits. http://bit.ly/finovate9272

Lending Club adds managing director, Joseph Toms. Toms was a former managing principal of Hilspen Capital Management. http://bit.ly/finvoate9281

Lending Club issued $12M http://www.moneta.com in loans in Sept. 2010. The company has paid out a total of $12 million in interest to investors. http://bit.ly/finovate1058

Mint.com is hosting a contest to spread the news about Mint and win an iPad. http://bit.ly/finovate9294

Moneta has announced a name change. The company will now be known as Rialto Commerce. http://bit.ly/finovate9292

US Bank and Monitise introduce free mobile banking service for prepaid card holders. http://bit.ly/finovate1053

Prosper reaches 1 million members. A grand total of $206 million in loans has been funded on its peer-to-peer platform. http://bit.ly/finovate1057

SafetyPay launches further into Latin America with Braspag partnership in Brazil. http://j.mp/finovate10610

Second Market is hiring. Check current opportunities online. http://bit.ly/finovate9293

Sybase 365 adds Western Union certification. Western Union services will now be included in the mobile wallet systems provided by the company. Western Union has 380,000 agent locations in 200 countries. http://j.mp/finovate1091

The Wall Street Journal named The Receivables Exchange one of the most innovative technology companies in the world. Receivables Exchange was the single winner in the e-commerce category and one of only 17 winners overall. http://bit.ly/finovate9271

ThreatMetrix closes on $12.1 million funding round. So far, the company has raised $18 million to help detect online fraud in social media and gaming platforms. http://tcrn.ch/finovate1051

Wesabe founder Marc Hedlund tells TechCrunch what went wrong. http://tcrn.ch/finovate1014

Chaikian Stock Research selects WorkLight mobile to develop next-generation financial applications. http://bit.ly/finovate1012

Alumni News -- Week of September 6, 2010

By Jessica Ward on September 13, 2010 10:35 PM

Here are the news updates for the week of September 6, 2010. To view in real-time, follow us here.

Congratulations to Andera on 400 customers! Andera is a provider of account opening and funding technology. http://bit.ly/finovate991

Bill.com's new ZEN feature means "zero data entry" for users! http://bit.ly/finovate984

Expensify has raised $5.7 million and surpassed 100,000 users! The Expensify application simplifies expense-reporting processes. http://bit.ly/finovate992

Kapitall has a new look. Kapitall has unveiled a new user interface including one-click trades, improved searches, drop-down menus and overview screens. http://bit.ly/finovate982

See the technology behind Plastyc's banking for the unbanked. The story appeared on CNBC on September 8. http://bit.ly/finovate981

SafeCentral Inc (formerly Authentium) garners first of five patents for Trusted Security Extensions technology. http://bit.ly/finovate973

SafeCentral Inc. completes sale of antivirus business to Commtouch. The sale was completed for $4.6 million plus an additional earnout. http://bit.ly/finovate974

SecondMarket featured in Huffington Post as one of 31 innovative startups. The report is a result of the World Economic Forum's list where Second Market was featured. http://huff.to/finovate972

TSYS and BancVue form strategic partnership to serve community financial institutions. The partnership will allow BancVue customers to use TSYS payment services. http://bit.ly/finovate971

Tyfone closes Series B investment from HDFC Holdings. - The company closed on a $5 million funding round. http://bit.ly/finovate961

FinovateFall 2010 Demo Lineup Revealed

By Eric Mattson on August 17, 2010 4:30 PM

We're very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall.

Over the show's two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions.

Without further delay, here's the list of companies we're excited to showcase:

If you're interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we're expecting to sell out). We'll see you in New York!

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Alumni News -- Week of August 1, 2010

By Jessica Ward on August 9, 2010 12:08 PM

Here are our news updates for the week of August 1, 2010. To get our updates real-time, follow us here.

Home ATM announces the addition of OB Rawls IV to its board of directors. Mr. Rawls most recently served as vice president at the Hypercom Corporation. http://bit.ly/finovate834

British PM David Cameron visits Infosys HQ. The Prime Minister visited to discuss opportunities between Britain and India in technology. http://bit.ly/finovate833

See how Kabbage borrowers really use their loans to start online (eBay and Etsy stores). This post on the Kabbage blog was written by Kabbage borrowers to break down how Kabbage is helping to build their business. http://bit.ly/finovate812

Kapitall has added a class of 19 "Summer Investors." Follow their progress on the Summer Investors blog. http://bit.ly/finovate832

Kapitall hosts mock portfolio challenge to win an iPod touch. Read the rules here. http://bit.ly/finovate862

Kapitall just got friendlier. Meet up with your Facebook friends via the new Kapitall/Facebook integration. http://bit.ly/finovate813

Kasasa changes their Kasasa Giving program. Kasasa allows users to decide how much to give. http://bit.ly/finovate863

Kasasa Tunes are now available in Mississippi. Magnolia Federal Credit Union went live with Kasasa Tunes on July 18. http://bit.ly/finovate814

Card Services for Credit Unions (CSCU) partners with MShift. The partnership will provide CSECU's 3,000 member credit unions with the latest in mobile-banking technology http://bit.ly/finovate835

PayPal upgrades Android app. See TechCrunch's review comparing the Android version to the iPod version of the P2P payments app. http://tcrn.ch/finovate861

The Receivables Exchange is listed as one of the 40 most influential financial tech companies in a list compiled by Institutional Investor Magazine. http://bit.ly/finovate811

SecondMarket appears in CNBC story about Techonomy 2010 business conference. The conference is being held this week in Lake Tahoe, California. http://bit.ly/finovate831

Hard-core Wesabe users can download some of the open source code. For other users, Wesabe offers a list of alternatives at their blog. Sorry to see them go. http://bit.ly/finovate815

Alumni News -- Week of July 25, 2010

By Jessica Ward on July 30, 2010 8:56 PM

Here are our news updates for the week of July 25, 2010. To get our updates real-time, follow us here.

Bills.com acquires Home-Account.com, see our post here.

CashEdge's AllData Aggregation, and Lodo's OurCashFlow powers new capabilities for Jack Henry & Associates. The arrangement will power online financial management (OFM) tools. http://bit.ly/finovate7301

Fiserv has announced that 150 credit unions now use their Mobile Money product. Mobile Money allows financial institutions' customers to check balances, pay bills, and make transfers from their mobile devices. http://bit.ly/finovate7256

Dominion Credit Union selects Geezeo as PFM platform Dominion CU serves over 21,000 members. Geezeo is providing personal financial management technology to credit union members. http://bit.ly/finovate72801

Picatinny Credit Union selects Geezeo as PFM Platform. Picatinny is the eighth largest credit union in New Jersey, serving 16,000 members. http://bit.ly/finovate7282

Kapitall gains $5 Million in angel funding. Investors include board members. Kapitall expects to close a $5 Million series-A round within six months. http://bit.ly/finovate7271

New from Kapitall: track and trade with TD AMERITRADE. Now within the Kapitall platform, users can track, trade and buy/sell stocks, mutual funds and ETFs. http://bit.ly/finovate7276

Kasasa now available through 50 financial institutions in the USA. Kasasa helps banking customers to get more out of their banks. http://bit.ly/finovate7261

With Kasasa, Ocean Pacific Credit Union offers banking incentives via iTunes credit. Opening an account credits your iTunes account with $19.95, and additional $4.95 each month thereafter. (Better than a toaster!) http://bit.ly/finovate7275

Lending Club turns 3! Happy birthday to our friends at Lending Club. Check out the stats in their birthday post, lots of exciting growth here! http://bit.ly/finovate7291

Lending Club named a top 250 "Always On" Company. Winners will all be announced at the Summit at Stanford in Palo Alto, California, from July 27-29. The conference represents companies recognized by Always On as private companies with the highest growth potential. http://bit.ly/finovate272

Been using Quicken Online or Wesabe PFMs? Here's a solution. MoneyStrands allows for import of historical data. http://bit.ly/finovate72653

SecondMarket announced as the overall winner of the Always On Technology competition. Winners will all be announced at the Summit at Stanford in Palo Alto, California, from July 27-29. The conference represents companies recognized by Always On as private companies with the highest growth potential. http://bit.ly/finovate7252

SecondMarket featured in WIRED magazine "Let the Little Guys in Pre-IPO" says WIRED. http://bit.ly/finovate7298

SmartyPig enhances privacy measures. The online savings account platform now allows users to select detailed or general message settings and preferences. http://bit.ly/finovate7283 or see our post at Netbanker.

Alumni News -- Week of July 11, 2010

By Jessica Ward on July 18, 2010 4:52 PM

Here are our news updates for the week of July 11, 2010. To get our updates real-time, follow us here.

Acculynk's pin debit software powers the PULSE home debit pin pad technology. The PULSE technology will allow financial institutions to issue bank-branded home pin pads to consumers for online purchases. http://bit.ly/finovate7151

Blippy can now import purchase receipts direct from your Gmail inbox. Don't worry, you'll still get to approve them before they post to the world. http://bit.ly/finovate7162

California State Teachers' Retirement System (CalSTRS) selects BrightScope to analyze teachers portfolios. BrightScope's "On Target Index" will be used to benchmark portfolios in this optional retirement plan for Calif. teachers. http://yhoo.it/finovate7142

Cortera releases study showing businesses are experiencing better cash-flow. Businesses are being paid nearly one week faster, the fastest in two years. http://bit.ly/finovate7131

eRollover raises $1 million from Imlay. This investment was announced previously, but the amount was undisclosed. http://bit.ly/finovate7132

Kapitall's platform can be used for a portfolio contest! See details here: http://bit.ly/finovate7143

Kasasa has full-page ad on the back of this month's issue of ICBA's Independent Banker

Mshift and CashEdge team with Patelco Credit Union (San Francisco) for Popmoney person-to-person electronic funds transfers -- Patelco users can send funds via text or MMS message from a mobile device. http://bit.ly/finovate141

OnPoint Community Credit Union finds that Tyfone mobile adoption has grown much faster than expected. Monthly enrollment of mobile banking grows an average 20% per month. http://bit.ly/finovate7111

Powered by Jwaala, Michigan First Credit Union now includes Twitter direct messages as a "mobile alert" option. Members can receive account alerts via Twitter DM, email and text: 31% of members are active users of the mobile alerts system. http://bit.ly/finovate7144

TradeKing hires CIO. Dan Raju was formerly the senior technology executive at Associated Press. http://bit.ly/finovate7133

Visa invests more in Monitise, now owns 14.4%. Monitise's shares increased 12% as consumers responded to the news on July 13. http://bit.ly/finovate7161

Finovate News -- Week of June 27, 2010

By Jessica Ward on July 5, 2010 7:21 PM

eRollover receives series A funding from Imlay Investments. The initial investment amount was not disclosed. http://bit.ly/finovate6291

Kapitall adds iPad application. The product will officially be released in late summer, 2010. http://bit.ly/finovate6293

Kasasa in the New York Times. "Looks like a bank, sounds like a bank, but no way!" http://bit.ly/finovate721

LendingClub selected as Mint.com goals launch partner. The partnership aims to help consumers pay off debt faster. http://bit.ly/finovate6292

Finovate on Mint's "Goals" feature. http://bit.ly/finovate723

Wall Street Journal profiles Mint.com's new Goals feature. The story includes a video demonstration of the Goals tool. http://bit.ly/finovate6301

Mint.com releases android application. The app is free in the Android Marketplace under "finance." http://bit.ly/finovate712

ReceivablesExchange in Forbes. "An eBay for Invoices. http://bit.ly/finovate722

TransFS releases PayPal calculator. The free tool compares PayPal fees vs. Merchant Account fees. http://bit.ly/finovate6302

Online Financial management pioneer Wesabe closes PFM platform and opens source code. Users have until 7/31/10 to export their data. http://bit.ly/finovate711

Alumni News - Week of June 21st, 2010

By Jessica Ward on June 28, 2010 9:09 PM

Here are the news headlines we posted this week on Twitter (follow our feed here).

Bling Nation hires Matthew Murphy as General Manager for the newly-formed Pacific region. Murphy comes to Bling Nation from Chegg.com, where he served as vice president of marketing. http://bit.ly/finovate6232

Kapitall hosts a Facebook contest for a new advertising slogan. Contest ends July 21st. The winner will receive an iPod Touch. http://bit.ly/finovate6233

LiqPAY wins award for coin management technology. LiqPAY received accolades from the Innovation in Banking Technology Awards. http://bit.ly/finovate6213

Mango (sister company to Finovate alums Gratio and MPower) sweetens up banking! See the full story at Netbanker. http://bit.ly/finovate6241

SecondMarket featured on The Asian Banker [vid]. The video features Jeremy Smith, chief strategy officer at SecondMarket. http://bit.ly/finovate6211

TradeKing is changing clearing firms. TradeKing users, watch for the transition documents to come from Penson. The transition is expected to occur in Q3. http://bit.ly/finovate6235

ValueCruncher launches new comparison analysis tools. See companies' implied share prices and EV/EBITDA in the new calculator tools. http://bit.ly/finovate6234

Yodlee names Jim Frankola as CFO. Frankola joins Yodlee from Ariba Inc. where he was CFO. http://bit.ly/finovate6231

Alumni News - Week of June 13, 2010

By Jessica Ward on June 18, 2010 10:51 PM

Here are the news headlines we posted this week on Twitter (follow our feed here)

Bill.com raises $8.5 million in series C financing. Bill.com has now raised $25 million to date. http://bit.ly/finovate6182

Billeo releases update. Version 2.5.0.2 is now available. Several performance improvements included in this Billeo release. Current users will get an auto-update. http://bit.ly/finovate6133

Check Point acquires Liquid Machines. Check Point has aquired the privately held data security firm Liquid Machines for an undisclosed amount. http://bit.ly/finovate6131

Fiserv's ZashPay service garners commitment from 100+ financial institution. More than 100 financial institutions have committed to the peer-to-peer payment service platform from ZashPay. http://bit.ly/finovate6163

iBearSoft planning new app. The simplified "Bills for iPad" is in beta as a simpler version of the iBearMoney app. http://bit.ly/finovate6132

USA Today highlights Kapitall in the classroom. Fifth-graders helped to beta-test the Kapitall stock trading simulator. http://bit.ly/finovate6161

Kasasa enters the Pacific Nortwest. Kasasa is now working with Woodstone Credit Union. http://bit.ly/finovate6141

Lending Club hosting an investor strategy Webcast June 24, for investors. The Lending Club webcast will be held at 3 PM PST, and will cover strategy, as well as the FolioFn tool, for secondary market trading. http://bit.ly/finovate6194

Bloomberg TV recognizes Receivables Exchange. See how real-time receivable trading works. http://bit.ly/finovate6162

The Receivables Exchange has been nominated for the American Business Award in two categories. The Receivables Exchange was nominated for "Executive of the Year" and "Business Innovation of the Year" for the award, also called the "Stevie Award." http://bit.ly/finovate6192

ThreatMetrix signs reseller agreement with Reiki Corporation, tackles fraud in Japan. Japan is the second-largest Internet population in Asia, behind China. http://bit.ly/finovate6191

WorkLight hosting webinar on multi-channel application development. The WorkLight webinar will be held on June 29. http://bit.ly/finovate6183

Zopa creates "share on Facebook" images. Zopa users can earn commissions for friends referred via Facebook. http://bit.ly/finovate6184

Alumni News -- Week of June 6, 2010

By Jessica Ward on June 11, 2010 9:16 PM

Here are the news headlines posted this week on Twitter (follow our feed here).

MoneyAisle appears in Kiplinger's Retirement Report (print only). The story appears in the June issue and explains the new "auto loan search" features at MoneyAisle. More from MoneyAisle at http://bit.ly/FINOVATE671

BBVA Compass Bank replaces West Bank as SmartyPig's banking partner. BBVA Compass is the 15th largest bank in America. http://bit.ly/FINOVATE672

Kapitall unveils "search by brand" feature. The new search helps investors to identify the parent company of their favorite brands. http://bit.ly/FINOVATE681 or www.kapitall.com

SecondMarket CEO Barry Silbert interviewed by Dan Rather [vid]. See more on SecondMarket's management of "illiquid assets." http://bit.ly/FINOVATE691

MoneyAisle featured in Wallet Pop. Read more about shopping for an auto loan from MoneyAisle at http://bit.ly/FINOVATE692.

SmartCredit.com featured on the Oprah Winfrey Show. See SmartCredit.com at work with Oprah and Jean Chatzky as part of the "Debt Diet" series on the program. http://bit.ly/FINOVATE693

Ebay recognizes Outright.com as most innovative app. Outright.com received an award for most innovative application at the Ebay developer's conference. http://bit.ly/FINOVATE6101

MPower Ventures in the running for Business Week's "Most Promising Social Entrepreneurs." Twenty-five companies are finalists. Read more at http://bit.ly/FINOVATE6102 or www.mpowerlabs.com.

Micronotes raises another $1.6 million in funding. Yahoo Business reports on the startup's fund raising success. http://bit.ly/FINOVATE6103

TransFS.com helps merchants shop for better credit-card processing. TransFS claims that user merchants can save up to 40% by shopping around for merchant services. http://bit.ly/FINOVATE6111

Billeo expands merchant directory. Billeo users can now pay their bills online with more than 10,000 merchants. http://bit.ly/FINOVATE6112

Peer-to-Peer lender Prosper.com seeks regulation as a lender to avoid SEC. Prosper has asked to become regulated as a lender to ease the regulatory burden of being regulated as an investment firm. http://bit.ly/FINOVATE6113

Alumni News -- Week of May 23, 2010

By Jessica Ward on May 29, 2010 7:18 AM

Here are the news headlines we posted this week on Twitter (follow our feed here).

Expensify releases version 2.0 of iPhone app for expense reports - The new Expensify app now allows users to add cash expenses and scan receipt images to work off

line. Users can now create an entire expense report from their mobile device. http://bit.ly/b1CAc0

AlphaClone adds new search, percent of portfolio - The AlphaClone percent of portfolio option allows viewers to look at a single stock and see which funds have the greatest exposure within a portfolio. http://bit.ly/dojmhz

Lee Barba and Bruce Shelly join the Kapitall team - Barba joins the Kapitall Board of Directors with experience in acquisitions. He was CEO of Investools. Shelly joins the team as Advisor to Kapitall with experience from the video gaming business. http://bit.ly/a4Augw

Amazon Payments Implements Yodlee Instant Account Verification - Amazon Payments now uses Yodlee's technology to verify user accounts to create faster, safer P2P transactions according to Yodlee. http://bit.ly/9UThEa

Intuit has selected Expensify as a promotion partner for expense

reporting -The Intuit Workplace App Center with Expensify, MyFax, and OfficeDrop. http://bit.ly/dwQiry

iBearMoney launches the Money 4.1 App - iBear Money's Money 4.1 works on Windows mobile phones, iPhone, iPod Touch and now iPad and allows users to synchronize data between multiple devices. http://bit.ly/atbUPw

BillShrink.com launched a new search for TV, cable, satellite services to search for the best value - Billshrink's new search allows users to compare television service pricing based on their preferred channels or programs and available service based on the user's address. http://tcrn.ch/cujEE8

Fiserv, Inc. study shows that 80% of internet-capable households use online banking while only 40% use online billpay - The Fiserv, Inc. study also shows that women now make up the majority of online bill pay users, a reversal from the 2002 study. http://bit.ly/dtVOFM

Fiserv, Inc. partners with Phone Factor, Inc. to provide phone-based user authentication - The Fiserv, Inc. partnership will allow financial institutions using the Fiserv systems to provide passive or active user authentication via customers' mobile phones. http://bit.ly/bz1tvo

Visa, Inc. and Monitise PLC announced a joint venture to provide mobile payment technology in India - India is the world's second-largest mobile market with nearly 600 mobile-subscriptions. The technology from Monitise will allow for bill-payment, transit ticketing and other services via mobile phone. http://bit.ly/bLFgmI

Alumni News – Week of April 12

By Andrew Dolbeck on April 16, 2010 9:11 AM

Here are the news headlines we posted this week on Twitter (follow it here).

DebtGoal raises first round of VC funding - In its first round of institutional funding, DebtGoal raised $2 million. The round was led by Tugboat Ventures, with participation from seed investor New Cycle Capital. To date, DebtGoal has raised a total of $3.1 million. http://bit.ly/bZxzq4

Diversinet awarded two patents - Diversinet was awarded two patents for mobile technology. One patent was awarded for a system that detects and classifies mobile devices, allowing apps to be matched with handsets. The other is for security technology for mobile digital data delivery. http://bit.ly/cDkHOU

Finovate Alums Among Webby Award Honorees - Finovate alumni FiLife, Kapitall, Lending Club, and SimpliFi are among the 12 honorees in the Financial Services category of the 14^th annual Webby Awards. Fifteen percent of Webby nominees received honoree status. The actual Webby awards, presented by The International Academy of Digital Arts and Sciences, will be announced June 14^th. http://bit.ly/cqC9Fa

GreenSherpa holds contest for savings tips - GreenSherpa is hosting a contest for reader-submitted money-saving tips. On April 21, two winning tips will be randomly selected. Winners receive annual subscriptions to GreenSherpa. http://bit.ly/cDakPl

Lending Club raises $24.5 million - Lending Club received $24.5 million in investment funds from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, and Canaan Partners. The company says it will use the capital for new loan products, new investment tools, and website improvements. http://bit.ly/9zU4lO

Lending Club also recently announced its fourth Twitter contest, in which daily winners will be rewarded for tweeting about the company's ongoing photography contest. Twitter winners will receive shirts, messenger bags, and other products. http://bit.ly/d19g5g

Mint adds new feature to track cash spending - Mint added a new feature that allows users to manually enter spending data. Previously, all transactions had to be automatically uploaded from financial accounts. http://bit.ly/a3EtRb

Monitise reports more than 2 million registered users - Monitise has passed the 2 million registered user mark. The company stated that the increase in users was driven by increased uptake of its smartphone apps. Monitise serves more than 240 banks and financial institutions in the U.S. and U.K. http://bit.ly/cjMh7R

SecondMarket launches asset-backed securities market - SecondMarket, which provides a marketplace for trading in illiquid assets, announced that it launched a market for asset-backed securities. The move adds a ninth asset class to SecondMarket's platform. http://bit.ly/b2GHFc

The company also announced $70 million in private company stock transactions this March, the highest amount that SecondMarket has ever traded in one month. In contrast, the company traded $44 million in private stocks in February. The company reported that 41% of the transactions were Facebook stock trades. http://tcrn.ch/bpcXpQ

SeerGate announces new COO - Jim Fancher has joined SeerGate as its new chief operating officer. Fancher was previously general manager at FIS subsidiary Endpoint Exchange Network and has also served as senior vice president of marketing at VECTORsgi and CEO of Gilson & Associates. http://bit.ly/9FilPo

SmartyPig recognized at Prometheus Awards - SmartyPig was honored Breakout Company of the Year by the Technology Association of Iowa in its fifth annual Prometheus Awards presentation. http://bit.ly/bUi0Hf

ThreatMetrix provides fraud detection for OnlineLabels.com - ThreatMetrix is providing fraud detection for OnlineLabels.com, which produces laser and inkjet-printable labels. The company's online ordering system is automated, making it an easier target for credit card fraud. ThreatMetrix helps the company analyze transactions to detect suspect orders. http://bit.ly/bGRFMl

Transparent Financial Services adds business verification system - Transparent Financial Services, also known as TransFS, added a business-verification system that speeds up the company's submission process. The new system identifies businesses based on their name and ZIP code. http://bit.ly/amDwqf

Zopa honored for innovation - Zopa was recognized by the U.K.'s Nesta, the National Endowment for Science, Technology and the Arts, in its Open 100 competition, which honors firms for open innovation. Peer-to-peer lender Zopa was awarded in the open business category. http://bit.ly/bs82cL

Alumni News – Week of March 15

By Andrew Dolbeck on March 19, 2010 11:56 PM

BancVue announces results for Kasasa - Since its launch in May 2009, Kasasa has produced 71% lift in new account acquisition at its member banks and credit unions, says parent company BancVue. Of these new accounts, 53% represented new customers to the financial institutions. http://bit.ly/9zbvae

CashEdge cuts fraud by $140 Million - CashEdge announced that it has prevented an estimated $140 million in client fraud losses in 2009 through its risk-management services. The dollar amount is derived from the total value of potentially fraudulent transactions detected and prevented by CashEdge's risk-monitoring services. http://bit.ly/aoyaaZ

ClairMail announces new Mobile Connectivity Architecture platform - ClairMail's new platform for financial institutions will allow institutions to offer mobile banking services including real-time transactions and account management. http://bit.ly/9SjpK7

Digital Insight changes name - Digital Insight has rebranded as Intuit Financial Services. The company was acquired by Intuit in 2007. http://bit.ly/9jM4QB

Expensify celebrates first anniversary - During Expensify's first year, it raised $1 million, came out of beta, launched in the Google Apps Marketplace, and integrated with Outright.com, Salesforce, and Intuit. http://bit.ly/asZr1z

Kapitall demos at Apple Store - Kapitall will preview the beta version of its online investing platform on March 24, in the San Francisco Apple Store. CEO Gaspard de Dreuzy will present the product. http://bit.ly/a4i4Oh

Kasasa adds SMW Federal Credit Union - SMW Federal Credit Union is the first financial institution in Minnesota to offer Kasasa brand checking accounts. SMWFCU offers three of Kasasa's four products - Kasasa Cash, Kasasa Tunes, and Kasasa Giving. http://bit.ly/bKvXFC

Lending Club reaches milestones - Lending Club issued its 10,000^th loan, surpassing $95 million in loans issued. The company also exceeded $1 billion in loan applications. http://bit.ly/dmC9VK

Mint.com wins Web award at SXSW Conference 2010 - Mint won the "Classic" category at the SXSW Conference Web Awards. While the SXSW awards generally note the best new Internet destinations, the Classic Award honors sites that have been in operation for more than a year. http://bit.ly/dDyP5t

ThreatMetrix launches Fraud Network - ThreatMetrix launched Fraud Network, a suite of tools for e-commerce, financial services, and information-technology companies. Fraud Network provides tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins. http://bit.ly/b26pLo

ThreatMetrix partners with Verifi - ThreatMetrix is partnering with Verifi to deliver its fraud detection and risk-assessment tools to merchants through Verifi's payment risk-management system. Verifi provides global electronic payment solutions for card-not-present retailers. http://bit.ly/bGcqW3

TradeKing earns 4-star rating from Barron's - Online broker TradeKing was awarded a four-star rating in Barron's 15th annual Best Online Brokers survey. TradeKing ranked sixth overall out of 22 firms evaluated. This is the fourth consecutive year that TradeKing has received four stars (out of a possible five) from the survey. http://bit.ly/9Zz1cF

TradeKing launches trading-info site - TradeKing launched OptionsPlaybook.com, a free online resource for beginning and advanced options traders. The site includes jargon definitions, a brief history of the options market, and more than 40 options strategies. http://bit.ly/9Gxda7

Tyfone partners with First Data - Tyfone is partnering with First Data to provide SideTap micro secure digital (MicroSD) memory cards. The cards can contain financial information and secure identification from multiple sources such as retailers and financial institutions, creating a virtual wallet. http://bit.ly/byoHJH

Yodlee to host webinar - Yodlee is hosting a free webinar on conversion strategies for bill payment systems on March 23. The webinar will focus on changing bill payment systems without disrupting users. http://bit.ly/aslHQG

ZimpleMoney offers Starbucks card - ZimpleMoney sent a promotional message to its members, offering a $25 Starbucks card if a loan is initiated. The loan must be accepted by March 31 to qualify. www.zimplemoney.com

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