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Alumni News – Week of April 12

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Alumni News – Week of Feb. 22

Here are the news headlines we posted recently on our Finovate Twitter feed (follow it here).

Acculynk and EFT Networks Establish Advisory Council -- Acculynk and partner EFT Networks have established the Internet PIN Advisory Council. The council brings together members of EFT's business network, including ACCEL/Exchange, Alaska Option, Credit Union 24, PULSE and SHAZAM. The function of the council is to establish the processes, procedures, rules and best PIN practices for PaySecure, Acculynk's software service for online debit payments. http://bit.ly/cxlCLv

CashEdge Launches Integration Kit - CashEdge has launched a new Integration Kit, making it easier for financial planning, customer relationship management, and portfolio management application providers to simplify the addition of aggregation services into their applications. http://bit.ly/9aSYKv

Credit.com in Money Magazine's Top 20 Websites & Fast Company's Top 10 Most Innovative Companies -- Credit.com has been listed at #7 among Money Magazine's top 20 best money websites. Other companies on the list include Mint.com, BillShrink, and Morningstar. Credit.com has also been included in Fast Company's Top 10 Most Innovative Companies list, where it ranks #7 in the finance category. http://bit.ly/cPzRT6

Mint.com Offers New Support Forum -- PFM Mint.com is implementing a new user support forum, supported by San Francisco company Get Satisfaction. The forum provides a support resource for Mint's nearly 2 million users. http://bit.ly/bg2FYW

Online Resources Launches iPhone App for PeoplesBank -- Online Resources launched a new iPhone app that provides mobile banking services to customers of PeoplesBank. The Massachusetts bank has $1.5 billion in assets and has been a client of Online Resources since 1999. http://bit.ly/bckTX3

SecondMarket Secures Second Round of Venture Capital -- SecondMarket, which provides a market for illiquid assets, has received $15 million in its second round of venture capital. The funding was provided by Hong Kong-based Li Ka-shing Foundation and Singapore-based Temasek Holdings (through its Dunearn Investments subsidiary). Each invested $7.5 million. http://bit.ly/bclL0J

SeerGate and Integrated Banking Technology Introduce Online Banking System -- SeerGate and Integrated Banking Technology have joined to launch SeerGate's Secured Lock System, a secure platform for real-time online banking transactions. IBT will include the Secured Lock platform among the outsourced service offerings it provides to financial institutions in the US and Canada. http://bit.ly/97bzXu

Sparkroom Partners with eBureau -- Sparkroom has announced a partnership with eBureau, a provider of information services for online marketers. The companies will work together to provide technology solutions to help advertisers and lead generators manage online consumer leads. http://bit.ly/c2Woj7

ThreatMetrix Partners with CyberSource -- Online fraud prevention company ThreatMetrix has partnered with CyberSource to provide advanced device identification systems for fraud detection. CyberSource provides more than 200 fraud detection tests and services, while ThreatMetrix offers systems for digitally profiling devices and their online behaviors. http://bit.ly/9w3SXH

Yodlee Officially Opens FinApp Store -- Yodlee has opened its FinApp Store, a platform where certified developers can create financial apps and distribute them to users of Yodlee-based PFM products. The FinApp Store supports both free and pay applications. Yodlee is also making its Software Development Kit available to FinApp Store developers, allowing them to work with the Yodlee data infrastructure. Yodlee demoed the store at Finovate2009. http://bit.ly/cWolZR

Finovate is a unique conference series that showcases financial and banking technology innovation. This blog tracks the companies that have demoed at Finovate. Register now for FinovateEurope 2012 (London, February 7) and FinovateSpring 2012 (San Francisco, May 8 & 9).
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