Recently in Prosper Category

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker reports PayPal tests its POS system at Office Depot.
  • LBi integrates Service2Media platform for clients including Coca-Cola, & Sony. Come see Service2Media demo live at FinovateEurope on February 7.
  • Small Business Trends examines the pros and cons of financing a startup using Prosper, Lending Club, or Lendio.
  • Ping Identity launches blog called Identity Matters. Come see Ping Identity at FinovateEurope Feb. 7 in London.
  • FiPath announces campaign to encourage Generation X to save for retirement.
  • Currensee receives additional $2 million in series C financing.
  • Finovate interviews David Barrett, CEO of Expensify http://bit.ly/zVZzD9
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider looks at how BillGuard and Simple use Big Data.
  • Dough Roller recommends using HelloWallet to keep track of your cash.
  • P2P-Banking looks at Zopa's online marketing spending.
  • NACS Online explores the Dynamics smarter credit card.
  • American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
  • PayPal's payments technology to reach all Home Depot locations by March.
  • SecondMarket exceeds $1 billion in deals.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSmartMoney (Feb 2012) article, "Attack of the 6.5-point Typeface" cites research from Transparency Labs.
  • Rescuecom asks if Dwolla can become the new PayPal.
  • CNN Money names SmartyPig "Best Savings Alternative".
  • Missouri News channel KY3 recommends using Prosper and Lending Club as a creative way to fund your business.
  • NY Times blog talks about LearnVest as a financial planner for the middle class.
  • AARP lists ChargeSmart as a future way to pay bills using unwanted gift cards.
  • FeeFighters hosts webinar about ecommerce on January 16.
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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  • Prosper launches web app for Apple and Android Mobile devices.
  • ActivePath appoints former President & CEO at Oversee.net, Jeff Kupietzky, as CEO.
  • Investment News recommends advisors introduce HelloWallet to their clients.
  • The Huffington Post names BrightScope a "civic startup."
  • miiCard partners with consumer data company Callcredit.
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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Yesterday, P2P marketplace Prosper unveiled a web app that enables borrowers and lenders to access their accounts on-the-go in an easy-to-read format. 

The mobile platform will allow users to:

    • ProsperMobile.jpgView their account balance, annualized return, and portfolio allocation
    • Browse individual listings and invest in the ones they choose
    • Transfer funds to their Prosper account

The app is browser-based so it cannot be purchased from the App Store or the Android Marketplace. To access the mobile app, type prosper.com into the browser on your mobile device (the address will automatically be changed to m.prosper.com).

To learn more about Prosper, watch its FinovateStartup09 demo.

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  • Forbes recommends Budgetpulse, Mint.com, Buxfer, and Yodlee as PFMs to help keep track of your money.
  • Fox News advocates ReadyForZero to help pay down debt.
  • Prosper launches Kindle Fire sweepstakes.
  • Fast Company breaks down how ReadyForZero works.
  • Tamebay shares how miiCard is helping to increase trust online.
  • P2P Lending News reports that Prosper and Lending Club facilitated $40 million in loans in December.
  • Expensify gives users 10 free scans per month.
  • Geezeo signs 5 credit unions during the last week of 2011.
  • Cortal Consors announces new version and expansion of Hopee.
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.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:

January -- $40.8 million raised by 3 companies

February -- $10.3+ million raised by 3 companies

March -- $20.4 million raised by 4 companies

June -- $124.4 million raised by 8 companies

July -- $1.1 million raised by 1 company

August -- $103.4 million raised by 8 companies

September -- $33 million raised by 1 company

October-- $22 million raised by 2 companies

November -- $16.3+ million raised by 3 companies

December -- $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
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  • Fox News discusses how Prosper & Lending Club help small businesses.
  • BizReport examines card-linked offers from Linkable Networks (formerly CLOVR Media).
  • ReadWriteWeb's Richard MacManus lists Xero as #8 in his 2011 list of top 10 web products.
  • Inc Magazine lists Expensify as 1 of 8 startups to watch in 2012.
  • Ping Identity makes the top 10 list of most exciting IT security vendors. Come see Ping Identity's live demo at FinovateEurope.
  • HelloWallet gives away 20,000 free subscriptions in 2011 to families in need.
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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  • Celent's report identifies ProfitStars as the market share leader in Remote Deposit Capture.
  • Finextra looks at the growth and success of Lending Club, Prosper, and Zopa.
  • PayPal plans its own version of daily deals.
  • Dwolla gives users instant access to cash.
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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  • The Wall Street Journal lists Prosper, Lending Club, and Weemba as resources for home financing.
  • PayNearMe partners with iSend to simplify international gift giving this holiday season.
  • Doxo wins Red Herring Global 100.
  • Credit Karma and Intuit team up to provide credit services within FI-branded environments.
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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  • Visa certifies authentication system from Transecq's sister company, ENTERSECT.
  • New Scientist recommends borrowing from the crowd by using P2P sites Zopa, Prosper, & Lending Club.
  • Freewaregenius recommends using ReadyForZero to pay off and manage debt.
  • Yahoo! Finance reports SecondMarket's Barry Silbert contributed investments to SponsorHub's $750,000 round.
  • PayNearMe enables BHPH auto dealers to expand collection of cash payments.
  • Kabbage secures $12 million in financing.
  • ThreatMetrix wins Red Herring Global 100.
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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  • The Ecologist recommends Zopa as a source for a P2P loan.
  • Western Union signs agreement with InComm to expand its GoCash service.
  • TechCrunch explores enloop's business plan creation platform.
  • Good Financial Cents reviews Prosper.
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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  • P2P Lending News reports Prosper & Lending Club issued $37.4 mil in loans in November.
  • Trade Streaming interviews Rob Foregger, co-founder of Personal Capital, on the future of online investing.
  • mFoundry receives $18 mil in growth capital from MasterCard, Intel, FIS, and Motorola Mobility.
  • Bank Systems & Technology looks at how USAA uses Yodlee to aggregate accounts and power its PFM.
  • SavvyMoney (Formerly DebtGoal) launches new site, adds Jean Chatzky to team.
  • Steve Shivers, doxo CEO, speaks up about the potential cuts to the US Postal Service.
  • Credit Unions see positive results from Mortgagebot PowerSite technology.
  • Q2ebanking ranks on The Austin American-Statesman's List of Top Workplaces.
  • Zecco unveils its new Trading Center.
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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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the "Dwolla-trajectory."
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club's Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
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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  • 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.
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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  • Mitek updates its Remote Deposit Capture product to improve UX and performance.
  • CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.
  • StockTwits adds real time streams to The Street's ticker pages.
  • Prosper launches '$5,000 Shop on Us' sweepstakes.
  • QVC selects CashStar to power its new eGift Card program.
  • The Next Web refers to HelloWallet as a "brilliant" personal finance tool.
  • MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award. 
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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  • Richard Branson follows in the footsteps of Simple by avoiding the word 'bank' when naming his newly acquired FI.
  • Alkami wins VC backing for online banking technology.
  • Check Point Software Technologies acquires risk management company.
  • HelloWallet's iPhone app helps make budgeting advice more relevant.
  • Equifax partners with data quality and management company Ixsight.
  • Xero makes receiving overpayments and prepayments easier.
  • Credit Union Times reports Geezeo adds four credit union clients for its PFM.
  • Venture Studio interviews Alexa Von Tobel, LearnVest CEO, about how she started her business.
  • The Social Lending Network looks at Prosper's top P2P lenders.
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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  • Expensify listed as 1 of 10 innovative startups that rocked the Under the Radar Conference.
  • Reuters blog explains how Prosper and Lending Club are cutting out the banker middleman.
  • LearnVest offers free personal financial advice today. Use the code LVDAYPASS100 to get a day pass.
  • Xconomy reports: BillGuard, Backed by Khosla Ventures, Wants to Stop Sneaky Credit Card Charges.
  • Seventure Partners and Naxicap Partners invest 4 million Euro in Mootwin.
  • Michigan Farm Bureau selects Identity Theft 911 to provide members with ID Theft Protection & Resolution Services.
  • Betterment integrates its goal feature with Mint.com and Pageonce.
  • Visa's V.me mobile wallet to compete with PayPal.
  • Jingit sees good uptake on U.S. Bank debit card.
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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  • Social Times hosts BillGuard as it shares its elevator pitch. Asks: Is it the next big thing? 
  • Business Insider interviews Ben Milne from Dwolla & shares how its frustrating credit card companies.
  • Lighter Capital reacts to fraud, implements fraud prevention.
  • Bloomberg reports SecondMarket gets lobbying win in gridlocked congress.
  • Prosper gives military families their second loan payment free when they get a loan via Prosper.
  • Vinod Khosla, founder of Sun Microsystems and Khosla Ventures, places BillGuard on his "Cool Dozen" list.
  • Weemba plays matchmaker For borrowers.
  • Personal Capital launches daily news service.
  • Planwise launches financial planning tool beta.
  • Tech Cocktail interviews HelloWallet CEO Matt Fellowes.
  • Pilot of the new Zecco Trading Center has begun.

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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  • BillGuard CEO, Yaron Samid, shares lessons learned as a startup entrepreneur.
  • Expensify listed as 1 of 7 software makers to bring integrated, cheaper add-ons to Google Apps.
  • The Globe and Mail lists Wikinvest as a tool to help ordinary investors dig through the data.
  • Investors.com explains the benefits of using Yodlee to track your finances.
  • Fast Company examines Betterment and BillGuard's  #occupywallstreet event.
  • Dwolla alters its registration process into a more pleasant experience.
  • VentureBeat explains how Prosper is helping to support the #occupywallstreet protesters.
  • peerTransfer partners with 30 new universities.
  • Bill.com receives "Awesome Add-On" award.
  • Social Lending Network provides details on Prosper's recent round of funding.
  • Balance Financial launches professional platform.
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.
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.
PrivateWebTrafficSeptember2.jpg
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.
PublicWebTrafficSeptember2.jpgSource: 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.
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  • Prepaid Awards honors CashStar and Dell for Best Prepaid Gift Program.
  • Backbase names Visionary in latest Gartner Magic Quadrant.
  • American Banker discusses T8 Webware's perfect solution for National Grand Bank of Marblehead.
  • Tab Times looks at the progress & success of Kashoo's iPad app.
  • The Wall Street Journal reports Visa Europe takes 8.8% stake in Monitise.
  • Check Point buys compliance solutions co Dynasec.

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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  • Prosper.com creates account enhancements for investors.
  • Bank Technology News looks at Pageonce's decision to add a bill pay service.
  • PSFK gives a sneak peek of BankSimple's mobile app.
  • CNN Tech discusses the differences between Intuit's Quicken and Mint.com.
  • Clairmail announces a record increase in cumulative mobile banking transactions.
  • ReadyForZero now supports auto loans, mortgages, and student loans.
  • The Des Moines Register looks at how Dwolla & T8 Webware contribute to Des Moines's startup culture.
  • Benzinga looks at DoughMain's family finance tool.
  • CU Times examines the usage of Mint.com's iPad app.
  • The Republic examines LearnVest's budgeting and advice platform.
  • Mint.com explores its history as an infographic and includes being a two-time Finovate Best of Show Winner.
  • Intuit receives two prestigious awards for social customer support, engagement.

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.
Prosper Logo.jpg
Yesterday, peer-to-peer lending service Prosper.com announced a four-fold, year-over-year increase in the number of loans it has funded. 

In addition, it provided data for September:

  • "Record September originations of $7.4 mil, up almost four-fold from $2.0 mil last year
  • 11% compounded monthly growth rate over the last 12 months
  • Currently, providing a 10.7% "seasoned return" to investors
  • Actual annualized loss rate of 5.5%, beating forecast loss rate of 7.1%
  • High credit-quality consumer loans: 737 average Experian Scorex PLUS credit score for first-time Prosper borrowers."

To learn more about Prosper.com, watch its FinovateStartup 2009 demo.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAfter being acquired by Taulia, billFLO announces its services will be shutting down Dec 1, 2011.
  • Fox Business News mentions ChargeSmart's mortgage payment solution.
  • DoughMain explains how to ease children's financial fears. 
  • Business Insider uses BillFloat and Prosper.com as examples of alternative financing companies.
  • Dwolla now integrated with Active Merchant for use in Shopify.
  • Weemba seeks to help with cash-flow issues during the holiday season.
  • Prosper's September volume is four times larger than 2010.

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.
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. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
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.
August2011PublicWebTraffic5.jpg
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.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMyBankTracker.com covers the FinovateFall Best of Show videos.
  • American Banker discusses the effects that PayPal and BankSimple will have on bank branches.
  • InComm named Leading Prepaid Organization and Best Prepaid Product Distributor at 2011 Prepaid Awards.
  • Dynamics wins Best of Show at 2011 BAI Retail Delivery Conference for its next-gen magnetic stripes.
  • Des Moines Register reports that Ben Milne, Dwolla CEO is to present at the Thinc Iowa event.
  • T8 Webware to provide Call FCU with a custom website.
  • A+FCU launches BillShrink: Statement Reward.
  • Prosper provides even better rate discounts for repeat Prosper borrowers.
  • BillGuard receives $10 Million in Series B 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.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTSYS signs payments agreement with Imperial Bank.
  • The Baltimore Sun mentions BillFloat & Prosper.com as two companies that are assisting cash-strapped consumers.
  • LearnVest launches LV Mom's Newsletter & 2 new products: Baby On Board Bootcamp & LV Discussions.
  • Weemba gives small businesses simple, direct pipeline for raising financing pre-holiday season.
  • Morningstar recommends CheckFree to help control your bills by setting up automatic payments.
  • Continuity Control buys Compliance Services Group of Iowa & Kirschler Peterson & Associates of Atlanta.
  • Crain's New York Business.com mentions BillGuard, BankSimple, Betterment, SecondMarket, On Deck Captial & Plastyc.
  • Jemstep launches out of beta to offer custom investment advice & guidance.

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.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGCS Federal Credit Union selects Geezeo to provide PFM service.
  • T8 Webware presents Thinc Iowa Opening Party Oct. 20.
  • Clairmail wins BAI Mobile Pace Setter Award.
  • Silver Tail Systems is selected as a SINET 16 Innovator.
  • CarryQuote wins prestigious 2011 Bully Award.
  • Everything Finance Blog reviews Prosper.com.
  • Bank Innovation reports that Tyfone now allows banks to provide clients with mobile wallet solution.
  • Financial Edge lists the Credit Karma blog as 1 of 6 blogs to help you budget better.
  • T8 Webware signs 14 bank customers to its Grip Platform.
  • Lighter Capital CEO Andy Sack guest-posts about revenue-based financing on AVC blog.
  • Q2ebanking partners with Unwired Nation to expand its mobile banking.

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.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAlphaClone launches "Alternative Alpha" index.
  • Forbes discusses Cardlytics and Offermatic's approach & how they rival GroupOn.
  • Smart Money Mag details how FeeFighters can help cut costs in small businesses.
  • Jack Henry ProfitStars announces availability of the Gladiator NetTeller Enterprise Security Monitoring solution.
  • MyCyberTwin launches DIY Intelligent Virtual Agents.
  • Tyfone Introduces iCashe Mobile Wallet That Combines Mobile Banking With Digital Commerce.
  • UseMyServices partners with SafetyPay for mutual network expansion.
  • NYConvergence reports BankSimple prepares for its New York debut.
  • Business Insider recommends using BillGuard and Mint.com.
  • 24/7 Wall St looks at the P2P opportunity that Prosper brings.
  • McGuireWoods consulting is lobbying to Congress for the use of Dynamics smart cards.
  • Business Insider mentions Xero as a "great Web-based accounting tool."

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.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNY Times reports how BancVue works with community FIs to offer checking accounts.
  • Prosper looks at its growth and returns over time.
  • Cnet reviews the BankOns iPhone app.
  • CTV News recommends Wall Street Survivor as a learning tool.
  • BizNews looks at how Kabbage provides capital to online businesses.
  • SF Gate reports how PayNearMe makes paying bills easy for the underbanked.
  • CU Insight reports GCS Federal Credit Union signs with Geezeo.
  • Payments Journal examines CashStar's plan for a mobile 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.
Thumbnail image for LendioLogo8.31.11.pngEarlier today, Salt Lake City-based Lendio announced a partnership with Prosper. Lendio CEO Brock Blake cites:

"In the short period of our partnership, about 80 Lendio 
clients have been approved to list through Prosper, resulting 
Thumbnail image for Prosper.jpg
in excess of $1,000,000 in potential loans."

Through this partnership, Lendio and Prosper hope that they will enable more small businesses to secure funding through loans.

To learn more about Lendio and Prosper, watch Lendio's FinovateSpring 2011 demo and Prosper's FinovateStartup 2008 demo.
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. 
JulyWebTrafficPrivate6.jpg
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. 

JulyWebTrafficPublic4.jpg
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.

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Clairmail
Clairmail chose Jigsaw's Data Cloud to help its mobile banking client improve marketing and receive more leads. During vendor trials it saw an increase in productivity, response rates, sales, and marketing effectiveness. Link

Clovr Media 
Boston Business Journal reported that Clovr Media is preparing for the launch of its credit 
Clovr.jpg
card-linked offers at the end of the fourth quarter by hiring 12 new staff members. Link

Confident Technologies
Confident Technologies released a two-factor mobile phone authentication platform that requires the user to memorize images. Because this second factor security is not stored on the user's device, it mitigates the opportunity for Zeus-in-the-middle attacks. Link

Currensee
The Forbes blog looks at Currensee for social foreign exchange investing, paying special attention to its rapid growth rate. Link

doxo 
The Entrepreneur blog compared doxo's document storage and online payment system to PayPal, citing that the cost to collect payment is less than half of a typical PayPal transaction. Link

Dynamics
The Pittsburgh Business Times interviewed Jeff Mullen, CEO of Dynamics, Inc on the naming of the company. Link

eToro 
  • The Forbes blog looked at eToro for social foreign exchange investing, paying special attention to its rapid growth rate. Linketoro.jpg
  • The World Finance Awards selected eToro as Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider. Link
Geezeo
Geezeo was selected by The Coca-Cola Family Credit Union to provide a PFM solution and integrated marketing platform. Link

Ideon Financial Solutions
Ideon Financial Solutions was granted a patent for its Choice Savings technology, a system that allows financial institutions to provide their clients with a variety of customizable savings products. Link

Identity Theft 911
Identity Theft 911 partnered with Arabella Protection Insurance Company to offer commercial data breach services like preparedness and response. Link

Intuit 
TechCrunch reported that Intuit launched a QuickBooks mobile app for the Android that 
intuit.jpg
allows small businesses to access their data from QuickBooks Pro, Online, and Premier. Link

Lending Club 
  • American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link
  • Brian Wong's Database blog looked at what its like to invest in Lending Club. He presented his opinion on the usability of the service. Link
Metavante 
EverBank, a $7 billion Internet bank, announced that it is seeking to be an early adopter of Metavante's customer information management product, a product that was built from the Temenos Core Banking Platform, a result of the partnership formed in 2007. Link

mFoundry 
NEFCU added a mobile app for the Android, using mFoundry's technology to offer account balances, check history, transfers, and bill pay. This is in addition to its existing apps for Blackberry and the iPhone. Link

Micronotes 
1st Advantage Federal Credit Union, a major Virginia credit union, announced that it will use
micronotes.jpg
 Micronotes' cross-sell engine, KulaX, to improve lead generation. Link

Prosper 
American Consumer News provided a comparison guide for borrowers and lenders to Prosper's and Lending Club's services. The benefits included high rates of return and flexibility. Link

Syphr 
Syphr was among 6 out of 90 fintech companies selected by the Fintech Innovation Lab who will present their innovations to Wall Street venture capitalists. Link

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ChargeSmart 
AOL's Daily Finance highlighted Chargesmart's secondary gift card market that allows 
ChargeSmart.jpg
consumers to pay for bills in exchange for gift cards. Link

CheckFree 
Family Wealth Report stated that CheckFree is leading the way in UMA processing. Link

Credit Karma 
  • CBS Money Watch discussed Credit Karma's data on America's debt. Link
  • Fox Business News listed Credit Karma's credit score simulator tool as a 15-minute fix for your credit score. Link
doxo 
Practical Ecommerce listed doxo as one of 17 apps for productivity. Link

Dwolla  
  • Dwolla hit $1 million in payments per day and Ben Milne, CEO, shared a sneak peak of future plans. Link
  • Ace Community Credit Union provided customers with access to Dwolla through its site.
  • Dwolla CEO Ben Milne explained why starting a business in Iowa isn't hard. Link
  • Dwolla introduced a new Autoload feature. Link
  • Dwolla was listed on The Next Web as one of eight awesome ways to pay with your phone. Link
eToro 
eToro Partners began testing a new foreign exchange affiliate tool called Custom Links. Link

Expensify 
  • The Info.rmatics blog testified to Expensify's ease of use. Link
  • ipCommerce showcased Expensify's innovation. Link
GoalMine 
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Mango Money added GoalMine to its list of services. Link

HelpMyCash 
HelpMyCash revamped its website to be more consumer-friendly. Link

IDTheft 911
Barnstable County Mutual Insurance Company selected Identity Theft 911 for its LifeStages service. Link

iPay Technologies 
TechCrunch reported that Bill Ready, former President of iPay Technologies, joined Accel Partners as an Executive in Residence. Link

Lending Club 
  • ATM Options discussed seven good reasons to invest through Lending Club. Link
  • Netbanker discussed Lending Club's record high growth. Link
Lendio 
  • Lendio added TAB Bank to its network of lenders. Link
  • Reuters reported that Swift Capital and Lendio partnered to help small businesses. Link
mFoundry 
mfoundry.jpg
  • American Banker considered Bank of America's recent investment in mFoundry. Link
  • Credit Union Journal discussed Colombia Credit Union's adoption of mFoundry's mobile banking. Link
Mint.com
  • Mint.com introduced a manual transactions feature for its iPhone app. Link
  • TechCrunch reported Mint.com's debut of a new feature that tracks bills and sends reminders. Link
Monitise 
  • Monitise signed over 6,000 users in Nigeria to a mobile payments trial. Link
  • TechMarketView discussed Monitise's financial success. Link
peerTransfer 
Yahoo! Finance reported peerTransfer's growth in international student payment processing. Link

Prosper 
  • Netbanker discussed Prosper's record high growth. Link
  • Prosper raised its interest rates by 2.5 percent. Link
SmartyPig 
SmartyPig introduced its back-to-school cash giveaway contest. Link

ThreatMetrix 
ThreatMetrix announced its upcoming user conference October 9th through 10th. Link

TradeKing 
TradeKing launched a new video series to help consumers understand options trading. Link

Tyfone 
tyfone.jpg
Oregonlive.com described Tyfone as a major player in mobile payments. Link

Wikinvest 
Forex Promos shared an interview with Mike Sha, Wikinvest CEO. Link

Xero 
Reuters reported that Xero agreed to acquire Paycycle, a payroll company. Link

Zecco 
Wealth Building Tips and Strategies blog shared Zecco's options trading video series. Link

ZimpleMoney 
ZimpleMoney adjusted its services in response to the Dodd-Frank reform. Link

AlumNewsIMG.jpg
Last week, AlwaysOn released its 2011 AlwaysOn Global 250 Top Private Companies List that represents the top emerging companies Worldwide. Twelve Finovate Alumni were selected:
  • BillFloat
  • Bling Nation
  • Boku
  • Cardlytics
  • ClairMail
  • Expensify
  • IDAnalytics
  • Lending Club
  • SecondMarket
  • Wikinvest
  • Wonga
  • Yodlee
_________________________________________________________________________

In other Alumni News:

Aptys Solutions
Aptys Solutions.jpg
Aptys Solutions announced that the ACH functionality in its PayLogics payment platform provides same-day settlement. Link 

Balance Financial
  • Balance Financial launched Balance Certified Pro, a new software that is geared toward professionals. Link
  • Balance Financial released an iPhone App. Link
BillGuard
TechCrunch reported that BillGuard's "Anti-virus for Bills" is now completely free for users. Link

BrightScope
CNNMoney's article, Simplify Your Retirement Savings, pointed to BrightScope to provide a clear understanding of retirement savings. Link

ChargeSmart
ChargeSmart announced that its Bill Payments customers can now pay many of their utility bills with an American Express card. Link

Continuity Control
Continuity Control raised $1.1 million in financing from convertible promissory notes and warrants. Link

Cortera
cortera.jpg
The Miami Herald reported that Cortera's Risk Data and Reporting is now an SAP-endorsed business solution. Link

Cortal Consors
Institutional Investor ranked Oliver Le Grand, CEO of Cortal Consors, number 13 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

Credit Karma
Credit Karma's new feature, Credit Alerts is available for free to the first 200 people to click the link. Link

Credit Sesame
The Hands On Home Buyer blog recommended Credit Sesame for its interactive property taxes tool. Link

Currensee
The Business Insider reported that Currensee plans to launch its Trade Leaders program in China. Link

Dwolla
  • The E-News publication, Business Record, commented on Dwolla's positive impact on Iowa's startup culture. Link
  • Financial Plus Credit Union adopted Dwolla's FiSync integration. Link
Dynamics
Dynamics revealed its angel investors in Series A and Series B funding rounds. Link

Guardian Analytics
  • American Banker reported that Guardian Analytics is planning to launch an outsourced fraud prevention service that will help financial institutions meet new FFIEC guidelines. Link
  • Guardian Analytics introduced its FraudDESK service to provide fraud analytics support to financial institutions. Link
  • Guardian Analytics is hosting a free webinar on Tuesday that will explore FFIEC guidance. Link
iPay Technologies
iPay Technologies helped Generations Community Federal Credit Union increase bill pay adoption and its number of transactions. Link

Lending Club
  • San Francisco ABC News Channel 7 explained the benefits of P2P loans from Lending Club. Link
  • Finextra news blog discussed Lending Club's success. Link
  • American Banker reported that, in June, Lending Club saw an increase of 7% in loans originated that totaled a record $20 million. Link

Lodo Software
The Silicon Prairie News reported that Lodo Software is seeking to raise $5 million in a round of Series D funding. Link

mFoundry
Columbia Credit Union announced that it deployed mFoundry's mBanking, a mobile banking platform. Link

Mitek
mitek.jpg
MSN Money reported that Mitek Systems began a NASDAQ market listing on July 14th, and is trading under the symbol MITK. Link

Monitise 
  • CNBC reported that Monitise's ReliaCard will be offered to U.S. Bank's Visa cardholders in some states. Link
  • Monitise, US Bank, and FIS announced that they are planning to offer a mobile app for Visa's ReliaCard users. Link
Prosper
  • San Francisco's ABC News Channel 7 explained the benefits of P2P loans from Prosper. Link
  • Finextra news blog discussed Prosper's success with its P2P lending service. Link

Q2ebanking
Q2ebanking's director of security solutions, Ward Howell, published an article detailing a Credit Union's perspective of the FFIEC guidelines in The Credit Union Times. Link

Receivables Exchange
Institutional Investor ranked Justin Brownhill and Nicolas Perkin, Co-Founders of The Receivables Exchange, as number 42 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

Standard Chartered
Institutional Investor ranked Jan Verplancke, CIO of Standard Chartered, as number 37 of 50 in its Tech 50 ranking of financial tech leaders and innovators. Link

TILE Financial
TILE Financial.jpg
Daily Finance interviewed Amy Butte, CEO of TILE Financial. Link

TradeKing
TradeKing announced the public availability of its API. Link

Tyfone 
CoVantage Credit Union chose to implement Tyfone's mobile wallet solution. Link

Zopa 
  • Zopa founder Giles Andrews was interviewed on BBC's The Bottom Line. Link
  • Finextra news blog discussed Zopa's success as a P2P lending service. Link

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