Recently in SecondMarket Category

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCrowdsourcing.org features Rebirth Financial.
  • FS Tech examines a few companies presenting at FinovateEurope next week in London.
  • SecondMarket prepares for Facebook IPO by setting its sights on China.
  • Monitise recognized as the winner of the 'Deal of the Year' The Grant Thornton Quoted Company Awards 2012.
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.
SecondMarketLogo3.jpg

2011 was a big year for IPOs and that has been reflected in the growth of secondary marketplace, SecondMarket

Yesterday, Forbes published statistics on the startup's performance over its three years of operation:

    • In 2011, private company transactions totaled $558 million
    • From 2011 to 2010, private company transactions increased 55%
    • Since it began in 2008, the startup has exceeded $1 billion in deals
    • In 2011, over 61% of transactions were in the social media and consumer web space

2011 Sellers:

    • 79% were ex-employees
    • 11% were employees
    • 4% were investors
    • Less than 1% were founders

2011 Buyers (by dollar value):

    • 73% were institutions
    • 27% were individuals

The top 10 most watched companies on SecondMarket (as of 4Q 2011):

    1. Facebook
    2. Twitter
    3. Foursquare
    4. Dropbox
    5. Yelp
    6. Gilt Groupe
    7. Hulu
    8. Square
    9. Living Social
    10. Spotify

To learn more about SecondMarket, watch its FinovateStartup09 demo.

  • 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.jpgReady Receipts officially launches paperless receipt technology.
  • nFinanSe seeks to halt new debit card network by InComm, alleges price-fixing conspiracy.
  • VentureBeat discusses the IPO market with SecondMarket CEO Barry Silbert.
  • On Deck partners with the National Association for Small Business.
  • SignatureLink to integrate ThreatMetrix's Cybercrime Defender Platform with its technology
  • Intuit hires former Apple executive to lead Canada division.
  • Fox Business News interviews LearnVest founder and CEO, Alexa von Tobel.
  • The Next Web compares and contrasts PayPal and Dwolla with other payment methods.
  • Plastyc's UPside cardholders can now load cash onto cards at 7-Eleven stores.
  • Oregon-based Credit Union launches BancVue's Kasasa.
  • BrightScope partners with social media expert Arkovi.
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.jpgMaine Public Broadcasting Network profiles CashStar.
  • Bank Technology News describes how Bill.com uses capital infusion to build a cash flow dashboard for businesses.
  • SecondMarket's homepage gets a makeover.
  • The CBS Early Show features Weemba, Lighter Capital, and Rebirth Financial.
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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  • 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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News recommends banking with Simple as a way to counter bank fees.
  • The Sacramento Bee reports SafetyPay expands to U.S. marketplace in the airline & travel payments industries.
  • GeekWire reports Lighter Capital awards undisclosed amount of cash to HireAHelper.
  • Barganeering looks at what sets Personal Capital apart from Mint.com.
  • Business Insider explores the differences between SecondMarket and SharesPost.
  • Sun Life partners with Kony on claims mobile app.
  • Weemba adds 3 financial institutions to its network of lenders.
  • Two credit unions deploy Credit Karma's tools on their online banking platforms.
  • GoalMine to launch holiday gift card trade-in service.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgApparel Retailer Aeropostale selects CashStar to provide e-gift cards.
  • CU Insight reports that Geezeo partners with IBT, a financial services innovator.
  • Dynamics' Chip And Choice Technology wins 2011 CARTES Best in Show Award.
  • NY Daily News recommends LearnVest and DoughMain as resources for financial education.
  • Lendio inspires future entrepreneurs with $2,500 scholarship.
  • Arroweye approved to digitally produce Discover Cards.
  • ABA Banking Journal describes mobile banking, citing Celent's report, "Innovations in Mobile at Finovate."
  • Affinion Group to distribute Finsphere's Mobile Transaction Monitoring service.
  • Betterment CEO Jon Stein interviews with top investment bloggers.
  • Centuryware discusses SecondMarket's success.
  • Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
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.
SecondMKTLogo.jpgYesterday, SecondMarket announced a new round of funding: a $15 million Series C from The Social+Capital Partnership, a new venture fund established by former Facebook executive Chamath Palihapitiya. He will also join the SecondMarket board. 

This brings SecondMarket's total funding to $34 million with a $200 million valuation according to the Wall Street Journal, an increase of $50 million since February 2010.

To learn more about SecondMarket, watch its FinovateStartup 09 demo.
This week, Deloitte announced the North America 2011 Technology Fast 500 winners. The list encompasses* multiple industries and ranks companies based on their 4-year revenue growth percentage (2006 to 2010).

Here are the Finovate Alumni listed in order:
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SecondMarket
 
Rank: 84
Headquarters: New York, NY
Founded: 2004

mfoundry.jpg
Rank: 105
Headquarters: Sausalito, CA
Founded: 2004

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Rank: 425
Headquarters: Mountain View, CA
Founded: 1998


To learn more about these companies, watch SecondMarket's FinovateStartup 2009 demo, mFoundry's FinovateFall 2010 demo, and Google's FinovateFall 2011 demo.
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*Methodology: In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year (2006) operating revenues of at least $50,000 USD or CD, and current-year (2010) operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
  • 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 Finovate-F-Logo.jpgReuters advises opening a BankSimple to avoid bank fees.
  • Fox Business News interviews Bill Harris, CEO of Personal Capital, on the startup's services. 
  • Digital Stock Market recommends using Yodlee or Mint to help control your spending.
  • eToro makes its blog available as a WebTrader widget. 
  • SmartMoney discusses Personal Capital's advisor video chat feature.
  • Q2ebanking adds its mobile app to the Android marketplace.
  • Xero wins K2 Quality award for SaaS.
  • SecondMarket puts itself up for sale using its own site, SecondMarket.
  • Wall Street Survivor announces the winners of the August Stock Game Giveaway.
  • Lifehacker advises using BrightScope to analyze your 401(k) during a "financial bootcamp day." 
  • eToro wins 3 World Finance Awards.
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.
Inc. Magazine released the interview below with SecondMarket CEO, Barry Silbert, who
SecondMarket.jpg
 discusses how he began the startup. 

The interview highlights Silbert's success in creating liquidity in private markets and shares his lessons learned as an entrepreneur.



To see SecondMarket's innovations in action, check out its FinovateStartup09 demo.
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Bobber Interactive
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Tech Flash interviewed Eric Eastman, Bobber Interactive's CEO, on how the gamification of money management aims to help Generation Y better manage their money. Link 

BrightScope
BrightScope released a report detailing the top 12 small-cap funds in America's 401k plans. This report is part of a series that provides insight into the top funds and managers in the retirement marketplace. Link

ChargeSmart
Discover is offering an instant rebate to customers who pay their utility bills using a Discover Card on ChargeSmart's website. Link

Check Point Software Technologies
  • Check Point enhanced its Software Blade Architecture by releasing R75.20, a comprehensive approach to security that includes a URL filtering Software Blade, SSL inspection, and data loss prevention. Link
  • The Wall Street Journal discussed Check Point's ZoneAlarm SocialGuard that helps parents protect children on Facebook in a non-intrusive manner. Link
Clairmail
Clairmail announced  record growth this quarter, with more than a 60% increase in bookings from last quarter. Link

Clovr Media
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  • BostInnovation stated that Clovr Media is changing the way consumers collect loyalty rewards through its Card-Linked Ads that allow consumers to access rewards by clicking on an advertisement. Link
  • Mass High Tech's weekly Startup Watch listed Clovr Media as one of five startups to follow. Link
Credit.com 
EQuicknews listed Credit.com as a free way to check your credit score with no strings attached and highlighed the Credit Report Card feature. Link

doxo 
The Appvita blog profiled doxo, noting insider tips and practical uses, such as comparing bills on a month-to-month basis. Link

Dwolla
Bank Technology News looked at the players in the mobile payments space and listed Dwolla as a formidable competitor. Link

EDO Interactive
edointeractive.jpg
EDO Interactive received $20 million in Series B funding to grow its Prewards platform that enables advertisers to offer digital deals and incentives that consumers redeem by using their existing credit, debit, or prepaid cards. Link

eToro
eToro began a trading contest for users with both demo and live trading accounts. Traders who accumulate the greatest gains will win each round. Link

eWise
eWise added Renasant Bank to its customer base, providing Renasant customers access to Secure Vault Payments, an alternative payment method. Link

Expensify
  • Expensify added a new feature that provides QuickBooks users a way to easily identify billable expenses to add to invoices. Link
  • The Kitsap Peninsula Business Journal listed Expensify as one of ten business apps for empowering your inner geek. Link
Kony Solutions 
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Tower Group, in its Review of North American Consumer Mobile Banking Technology Vendors, ranked Kony Solutions among the top mobile banking technology vendors. Kony excelled in the feature/function and customization categories. Link

Lending Club 
TechCrunch highlighted Lending Club's announcement of $25 million in Series D financing from Union Square Ventures and other existing investors. Link

Lendio
Lendio added Cardinal Bank to its network of lenders providing clients with more options in finding equipment loans, business lines of credit, acquisition financing, commercial real estate, SBA 7(a) and SBA 504 loans. Link

Mitek Systems
Mitek Systems launched  Mobile Imaging Cloud Service that captures, extracts, and routes information contained in documents. The service helps app developers create smartphone and tablet apps that use a camera input function. Link

Monitise 
Monitise Asia Pacific launched its mobile banking, payments, and commerce services in Indonesia and signed a joint venture agreement with PT Astra Graphia Information Technology, an information and communication business. Link

On Deck Capital
on deck capital.jpg
On Deck Capital raised $19 million of its own in a Series C round of funding. Link

RobotDough 
RobotDough founder, Wilton Risenhoover, revealed why he started RobotDough and how it works. Link

SafetyPay
SafetyPay received a Payment Services Directive License to provide cross-border payments throughout Europe strengthening its position in that market. Link

SecondMarket 
BostInnovation used SecondMarket's alternative investments platform to discover top Boston companies. Link

Striata
striata.jpg
Baton Rouge Water Company selected Striata, along with payment services company Western Union, to provide email billing with integrated electronic payment service. Link

The Receivables Exchange 
Treasury & Risk profiled The Receivables Exchange, describing the process companies use to sell their receivables on the online platform. Link

TradeKing
TradeKing launched a $100 bonus for new customers who open an account by August 31, 2011. Link

Wonga 
Smarta interviewed Wonga director, John Moorwood, about Wonga's growth over the past 12 months. Wonga is now issuing over 1.5 million short-term loans. Link

Xero
Xero released Xero Touch, its new accounting app for the iPad, iPhone, and iPod Touch. Link

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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
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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

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

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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 

May2011PublicWebTraffic.jpg

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.

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Andera
  • Andera launched FortiFI, a new fraud prevention system. Link 
  • Andera CEO Charlie Kroll discussed the release of FortiFI. Link 
ChargeSmart
  • ChargeSmart launched ChargeSmart Direct to provide customers with additional access to support staff. Link 
  • Fox Business News highlighted ChargeSmart and PlasticJungle's gift card trading service as a way to make savings fun. Link   
Check Point Software Technologies 
Check Point announced the 2012 version of ZoneAlarm. Link 

Currensee 
Currensee.jpg
  • Forex Crunch outlined the benefits of Currensee, describing its profitability as "significantly high". Link 
  • The Street highlighted Curensee as a startup that "rocks" the financial house. Link 
doxo
  • Chicago Tribune discussed doxo's step toward a paperless society. Link 
  • TechCrunch & VentureBeat featured the launch of doxo's mobile app, a mobile digital filing cabinet. Link  and Link 
  • Macworld took a closer look at doxo's new app. Link   
Dwolla
Dwolla.jpg
  • Dwolla released Grid, a feature that protects personal user information. Link 
  • The Street highlighted Dwolla as a startup that "rocks" the financial house. Link 
  • The Next Web interviewed Dwolla about its API. Link 
Enloop 
StartUp Beat profiled Enloop. Link

eWise 
eWise raised $14 million in funding. Link

Expensify 
Expensify.jpg
CNNMoney named Expensify as one of five best apps for businesses. Link

FreeMonee 
CardTrak.com examined FreeMonee's gift network. Link

Ftrans 
Ftrans raised $650,000 in equity financing. Link

GoalMine 
GoalMine won The Core Underbanked Innovators Challenge at the 6th Annual Underbanked Financial Services Forum hosted by Core Innovation Capital. Link

Jemstep 
Jemstep.jpg
Jemstep launched a new version of its service that features many improvements. Link

mFoundry 
The Washington Post reported that mFoundry's mobile deposit service is its most requested feature. Link

Mitek
  • Mitek Systems was granted 4 more patents for its mobile deposit feature. Link 
  • Bank Technology News discussed Mitek's new patents. Link 
Monitise
  • Monitise launched its services in India. Link 
  • The Wall Street Journal covered Monitise's 5-year agreement with Visa. Link 
  • TechCrunch examined Monitise's recent deal with Visa. Link  
Prosper 
Prosper raised $17.5 million in funding from investors. Link

RobotDough
The Street highlighted RobotDough as a startup that "rocks" the financial house. Link

SecondMarket 
CNBC interviewed Barry Silbert, CEO of SecondMarket, regarding its role in IPOs. Link

Silver Tail Systems 
Silver Tail Systems raised $20M in a Series B funding round. Link

Striata 
Striata partnered with POCiT to enable bill payments. Link

Sybase 
Sybase was named the most successful database software vendor in China. Link

ThreatMetrix  
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ThreatMetrix collaborated with USA ePay to provide fraud prevention to online retailers. Link

TradeKing 
TradeKing partnered with CoolTrade for automatic stock trades. Link

UBank 
UBank voiced that it will change the banking industry by using the web and mobile technology. Link

Zopa 
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BBC's Radio 2 interviewed Zopa CEO Giles Andrews about P2P lending. Link 

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Betterment
Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link

BrightScope
BrightScope announced the top 10 treasury inflation protected securities funds in America's 401ks. Link

ChargeSmart
ChargeSmart.jpg
Fox News' Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link

Check Point Software Technologies
Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link

ClairMail
ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link

Corduro
Corduro.jpg
The New York Times reported that Corduro's cloud platform challenges PayPal and Square's mobile payment services. Link

Credit Sesame
The Wisdom Journal depicted Credit Sesame's services as more than just credit scores. Link

Currensee
See Betterment above.

doxo
  • doxo explained how to use its online filing cabinet and "due date" alerts to help organize GroupOn, Living Social, and other daily deals. Link
  • TheFinancialBrand.com discussed Oregon Federal Credit Union's use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link
Dwolla 
  • Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
  • Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
  • Omaha World-Herald covered Dwolla's arrival into Nebraska. Link
Enloop
Enloop.jpg
  • About.com highlighted Enloop's business plan creation service. Link
  • Forbes blog discussed "How Not to Fail" by using Enloop to assess the potential success of a business plan. Link
Geezeo
Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link

Guardian Analytics
Guardian Analytics positioned by Gartner in the "Visionary" quadrant for web fraud detection. Link

HelloWallet
HelloWallet.jpg
San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link

Hidden Levers
Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link

Lending Club
  • Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
  • Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link
Lendio
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Lendio raised $2 million in debt financing. Link

PayNearMe
PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link

Prosper
See Lending Club above.

RobotDough
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Dow Jones Financial reports that a UCLA professor backed RobotDough. Link

SecondMarket
The Washington Business Journal discussed SecondMarket's recent popularity. Link

Sybase
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Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link

TradeKing
TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link

Tyfone
Tyfone contracted with Star One Credit Union to use its NFC technology. Link

UBank
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CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link

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Aptys Solutions
Aptys Solutions signed with Banker's Bank, a top check depositor with the Federal Reserve Link

Backbase
Backbase to host webinar on how to use social media in financial services Link

Betterment

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  • Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
  • Betterment celebrated its first birthday Link

Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link

Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link

Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link

Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link

doxo

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  • doxo's first fan video was posted online Link
  • Oregon employees were the first to give its members doxo's online file cabinet Link
  • TechFlash highlighted the benefits of using doxo to achieve paperless business Link
  • 2Minute Finance interviewed doxo at FinovateSpring Link

Dwolla

  • Dwolla was listed by inc Tech as one of three startups you must know from Big Omaha Link
  • Credit Union Times listed Dwolla as a new P2P service rivaling 'bank giants' Link

edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link

Expensify
Slate explained how Expensify will help the 'frequent flier' Link

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Kabbage
Technorati described how Kabbage works with eBay Link

Lending Club

  • Mint.com's blog covered what you need to know about Lending Club Link
  • San Francisco Business Times commented on Lending Club's strong backing from both investors and lenders Link
  • San Francisco Times reported that Lending Club stated it is not planning to go public for several years Link

LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link

Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link

Lodo Software
Lodo Software was described as a startup providing jobs in the "Silicon Prairie" region, a.k.a. Omaha Link

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Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link

Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link

PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link

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PayNearMe
BillShrink examined PayNearMe's cash payment service Link

peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link

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ProfitStars
ProfitStars announced a new version of Margin Maximizer that's now available as a hosted solution Link

Robot Dough
2MiniuteFinance toured RobotDough's demo during interview at Finovate Spring Link

SecondMarket

  • Wall Street Journal stated that SecondMarket helped fuel the tech boom Link
  • CNBC interviewed SecondMarket for an explanation of the change in trading numbers Link and LinkThumbnail image for smartypig.jpg

Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link

Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link

ThreatMetrix
San Francisco Chronicle covered ThreatMetrix's research around mobile transaction activity Link

TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link

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TradeKing
TradeKing divulged the lineup of its free webinars in June Link

Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link

Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link

Wonga

  • Wonga won 2011 Red Herring Top 100 Europe Award for exceptional accomplishments Link
  • Wonga won the Media Momentum Awards, a coveted award for digital media companies in Europe Link
  • Wonga's Errol Damelin discussed consumer-centric credit Link

Xero

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  • Diversity Limited commented on Xero's move to the US markets Link
  • Xero and Keebo teamed up to help you manage and process receipts Link
  • New Zealand Herald commented on Xero's surging revenue Link

Zecco

  • The Wall Street Journal reviewed Zecco's new Facebook app Link
  • Zecco launched an app for stock trades & viewing realtime market data on Facebook Link

Zopa
Zopa shows how it helps consumers protect against inflation Link

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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
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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
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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
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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
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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
FinovateFall_wdate_web.gif

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!)

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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.

Weekly Updates -- Week of 10/3/10

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


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 13, 2010

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

Jack Henry Banking Group announces standalone P2P payment solution. The payments solution will be powered by iPay Technologies, which was acquired by Jack Henry in June of this year. http://bit.ly/finovate9142

Lending Club investors set a new single-month record of $12 million in August! http://bit.ly/finovate9162

Lending Club wins the Web Award for best investment site. -- The award is given by the Web Marketing Association for outstanding achievement in Web development. http://bit.ly/finovate9174

First Tennessee Bank and mFoundry deployed a fully integrated mobile banking platform in less than 60 days. First Tennessee's middleware provider was Finovate alum Fiserv. The three firms worked together to rapidly deploy the new banking platform. Results indicate that the launch went smoothly. http://bit.ly/finovate9154

SafetyPay partners exclusively with largest bank in Costa Rica. -- SafetyPay now has an exclusive agreement with Banco Nacional de Costa Rica. http://bit.ly/finovate9161

SecondMarket featured in New York Times article. The story, "To Create Jobs, Nurture Startups," featured SecondMarket as a startup, and ran on Sept. 13. http://bit.ly/finovate9144

SmartyPig unveils its "race out of debt" contest giving away almost $5,000. The contest runs through September 27, 2010.  http://bit.ly/finovate9153

WorkLight and SAGE partner to build mobile money applications. http://bit.ly/finovate9143

See British Peer-to-Peer lender Zopa.com on television. The program was broadcast on ITV London Tonight.  http://bit.ly/finovate9172

Alumni News -- Week of September 6, 2010

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

Alumni News -- Week of August 30, 2010

Here are the news updates for the week of August 30, 2010. To view in real-time, follow us here.

BancVue is acquiring a large credit card portfolio from the FDIC. http://bit.ly/finovate933

BancVue was #117 on the Inc. Magazine list of 500 fastest-growing private companies. See the report here: http://bit.ly/finovate8312

Betterment speeds deposit and withdrawal times. Transfers between Betterment and bank accounts are now accomplished within the standard ACH window (2-3 days). http://bit.ly/finovate923  

Bank of the West Selects ClairMail as mobile banking partner. Bank of the West has assets of $61 million and is the California-based subsidiary of BNP Paribas.  http://bit.ly/finovate8301

Former SEC commissioner Roel Campos joins Gratio Capital as an advisor. Gratio Capital launched its service GoalMine service at FinovateSpring 2010. http://bit.ly/finovate921

Kasasa joins with celebrities such as Zach Efron and Dakota Fanning for "Stand Up To Cancer." Watch for the TV ads and telethon featuring Kasasa Giving. http://bit.ly/finovate8315

Kashoo is hiring! See tips on how to get hired and what to expect (including work from home flexibility) here: http://bit.ly/finovate924

SafetyPay releases white paper entitled "Banking on Online Banking." The report highlights the importance of monetizing online banking. http://bit.ly/finovate8314

SapientNitro and Geezeo argue the merits of "engagement banking" in a unique interactive report authored by Bank2.0 author Brett King. http://bit.ly/finovate932

SecondMarket honored as a "technology pioneer" by the World Economic Forum. http://bit.ly/finovate922

SecondMarket was #270 on Inc. Magazine's list of 500 fastest-growing private companies. http://bit.ly/finovate8313 

WorkLight announces support for Blackberry. Version 3.3.1 is available as a free download from the WorkLight developer zone. http://bit.ly/finovate08311

ZimpleMoney releases white paper "Lending With A Purpose." http://bit.ly/finovate931
Here are the news updates for the week of August 22, 2010. To view in real-time, follow us here.

Fiserv announces the launch of Remote Deposit Capture, a remote deposits solution. http://bit.ly/finovate8266

Check out Geezeo's summer growth spurt--wow! More than a half million new credit union members now have access to Geezeo's unique engagement-banking tools.  http://bit.ly/finovate8222

Jemstep rolls out activation to closed-Beta users. Pre-registered users now have access to the first Jemstep release. http://bit.ly/finovate8221

Congratulations to mFoundry! Their platform crossed the 1 million users mark this week. http://bit.ly/finovate8262

SecondMarket partners with StockTwits. Inside the SecondMarket platform, StockTwits Twitter conversations about the company will also appear. http://bit.ly/finovate8265

Silver Tail Systems hosts webinar on security through behavior analytics on September 2. The event is co-hosted by WhiteHat Security. http://bit.ly/finovate8261

Tyfone receives a $5 million venture capital investment. Tyfone provides mobile phone banking solutions. http://bit.ly/finovate8223

Wikinvest launches app for iPhone. It is free in the app store. http://tcrn.ch/finovate8271  

Alumni News -- Week of August 1, 2010

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 
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

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

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 March 22

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

Billeo includes AARP discounts in Offer Assistant - Billeo's Offer Assistant program, which helps online shoppers find discounts and incentive rewards, now includes AARP (American Association of Retired Persons). The association has about 40 million members. http://bit.ly/dtxfzU

BillShrink holds Facebook sweepstakes - BillShrink is giving away an iPad in a sweepstakes to encourage Facebook users to follow the company. The company will also give an iPad to the person who referred the winning user. The contest is similar in structure to a Mint promotion (our story here). Both are being handled by Wildfire. http://bit.ly/b8Vr6M

Bling Nation signs Adirondack Trust Company - The Adirondack Trust Company, located in Saratoga Springs, New York, is offering mobile payments through Bling Nation's system. This is the first East Coast deployment of the payments system. http://bit.ly/8Y0QR2

Bling Nation helping banks and merchants build relationships - According to a report from American Banker, Bling Nation's community-based payments system is building stronger ties between banks and retailers. By providing a payment system between community banks and merchants, Bling can offer lower transaction costs, encouraging merchants to work with local banks. http://bit.ly/9JkfgK

CashEdge provides P2P to Boeing Employees Credit Union - Boeing Employees Credit Union (BECU) is the first credit union in the country to offer CashEdge's POPMoney person-to-person payments service. The service launched on March 20. http://bit.ly/9RPJ2k

Diversinet expands focus on healthcare sector - Diversinet announced at the CTIA Wireless 2010 conference that it would increase its focus on providing mobile solutions to the healthcare market, connecting care providers and payers with healthcare information. The company's new strategy involves introducing new mobile applications, creating custom data portals for care providers, and developing systems to connect mobile devices to medical equipment. http://bit.ly/dcshRf

Fiserv to provide Mobile Money services to SunTrust Banks - SunTrust Banks selected Fiserv's Mobile Money to provide customers with mobile financial services. The Fiserv system will allow SunTrust to offer account access and customer alerts via text messaging and mobile browsers. http://bit.ly/bvvcFY

Lending Club photo contest with up to $2,500 in prizes - Lending Club launched a photo contest to encourage submission of new background images to use in its redesigned website; as many as six winners will take home cash prizes. http://bit.ly/b632aj

Mortgagebot case study: Community Bank - Charmichaels, PA- based Community Bank is using technology from Mortgagebot to open up new business channels and make the mortgage loan process more efficient. A Mortgagebot-produced case study on the bank reported a 68% increase in the volume of closed loans in 2009, compared to its results in 2008. http://bit.ly/9fi0t2

SecondMarket plans presence in Asia -- SecondMarket is preparing to push into Asian markets, where it may eventually employ as many as 150 people. The move into Asia follows $15 million in financing obtained from two Asian investors in February 2010. http://bit.ly/9OcLyQ

Yodlee data aggregation powers new PFM -- Newly launched online PFM In & Out Cash Management has partnered with Yodlee to import transaction data from more than 10,000 U.S. financial institutions. http://bit.ly/ah4nbY

Zopa marks fifth year in business -- Zopa (UK) announced its fifth anniversary in March. To celebrate, the company is running a sweepstakes awarding a 5% loan each day. http://bit.ly/9O5nQu

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