Category Archives: Finsphere

Finovate Alumni News– February 22, 2013

Comarch, Dashlane, Expensify, Finsphere, HelloWallet, Mint.com, Moven, Pageonce, Personal Capital, Ping Identity, TIO Networks
  • Finovate-F-Logo.jpgVendTek Systems and TIO Networks partner to provide walk-up bill payment services to the Canadian Market.
  • PerspecSys and Ping Identity partner to make it easier and more secure for enterprises to take advantage of the cloud.
  • Dashlane and Mint.com listed as 2 of 10 free, worthwhile iPhone apps.
  • DoughRoller lists Personal Capital, Mint.com, Expensify, HelloWallet, and Pageonce as 5 of 10 tablet apps that manage your money.
  • Bank Marketing Strategy blog looks at what sets Moven apart from traditional banks.
  • Finsphere awarded US patent for geo-location technology on mobile devices.
  • Comarch wins contract with Italy’s UniCredit Group to implement Smart Finance platform.
  • Xconomy reviews personal finance management apps from Mint.com and Pageonce.
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.

2012 Funding for Finovate Alumni– More than $450 Million Raised

ActivePath, Affinity Solutions, Arroweye Solutions, Banno, Bazaarvoice, Betterment, Boku, Braintree, Capital Access Network, Cartera Commerce, CashStar, Continuity Control, Controlabill, Credit Sesame, Currensee, DemystData, DoughMain, Dwolla, edo Interactive, eToro, Finsphere, FreeMonee, FutureAdvisor, Fuze Network, HelloWallet, Jemstep, Jingit, Kabbage, Kony Solutions, Lending Club, MiiCard, Nutmeg, Pindrop Security, planwise, SaveUp, SecureKey, ShopKeep POS, SoMoLend, The Currency Cloud, ThreatMetrix, Waspit, Xero, Yodlee, Zopa

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHere is a list of all the funding Finovate alumni received over the course of 2012.  

After an impressive 2011, where more than $423 million was raised, 2012 was even better, with more than $450 raised.
A few stand-out metrics for the year:
  • A total of 44 companies received funding, some more than once in 2012
  • Combined, more than $450 million was raised
  • The best quarter for raising capital was the first quarter when more than $150 was raised
  • The biggest funding month this year was March, with more than $68 million raised by three companies
Here is a month-by-month breakdown of funding received.
January — $25 million raised by 3 companies
Currensee: $2 million — blog post
Finsphere: $11.3 million — blog post
HelloWallet: $12 million — blog post
February — $57 million raised by 5 companies
Capital Access Network: $30 million — blog post
Dwolla: $5 million — blog post
Jemstep: $6 million — blog post
Kabbage: undisclosed — blog post
Xero: $16.6 million — blog post
March — $68 million raised by 3 companies
Boku: $35 million — blog post
eToro: $15 million — blog post
ThreatMetrix: $18 million — blog post
April — $2.5 million raised by 1 company
miiCard: $2.5 million — blog post
May — $55.5 million raised by 5 companies
Kony: $15 million – blog post
Pindrop Security: $1 million — blog post
SecureKey: $30 million — blog post
SoMoLend: $1.17 million — blog post
Yodlee: $8.3 million — blog post
June — More than $62 million raised by 8 companies
Affinity Solutions: $14.5 million — blog post
Arroweye Solutions: $3 million — blog post
Cartera Commerce: $12.2 million — blog post
Credit Sesame: $12 million — blog post
Doughmain: undisclosed — blog post
Lending Club: $15 million — blog post
Nutmeg: $5.3 million — blog post
Planwise: $200,000 — blog post
July — $6 million raised by 2 companies
Continuity Control: $1 million — press release
SaveUp: $5 million — blog post
August — More than $49 million raised by 6 companies*
DemystData: undisclosed — blog post
FutureAdvisor: $5 million — blog post
FreeMonee: $34 million — blog post
The Currency Cloud: $3.1 million — blog post
CashStar: $5 million — blog post
Continuity Control: $2.25 million — blog post
September — More than $59 million raised by 5 companies
Banno: $2 million — press release
Betterment: $10 million — press release
Edo Interactive: $15 million — press release
Fuze Network: $2.5 million — press release
Kabbage: $30 million — blog post
October — $37 million raised by 2 companies
The Currency Cloud: $1.9 million — blog post
Braintree: $35 million — blog post
November — More than $23 raised by 4 companies
ActivePath: $10 million
— blog post
Jingit: $7 million — blog post
Bazaarvoice: $6.7 million — blog post
Xero: $49 million — blog post
December — More than $16 million raised by 4 companies
Waspit: $3 million — blog post
Controlabill: $570,000 (A$600,000) — blog post
Zopa: undisclosed — blog post
ShopKeep POS: $10 million – blog post
Clover Networks: $3.3 million – blog post
*In addition to the companies listed for August, On Deck Capital raised $100 million in credit facility commitments.
Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? E-mail us at Julie@Finovate.com or David@Finovate.com.

Finovate Alumni News– October 12, 2012

Arroweye Solutions, Bazaarvoice, Currensee, Finsphere, Geezeo, IDTheft 911, Klarna, Manilla, Monitise, mShift, Pageonce, ReadyForZero, SoMoLend, ThreatMetrix, TIO Networks
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgIDentity Theft 911 to offer Humana members ID management & credit monitoring services.
  • ThreatMetrix honored as bronze winner in the 4th annual 2012 Golden Bridge Awards.
  • Euromoney looks at SoMoLend as a funding alternative.
  • ReadyForZero answers questions about debt on Lifehacker.
  • Geezeo opens API to third party developers.
  • Monitise CFO John Brougham retires.
  • Finsphere issued 4th patent.
  • TIO transforms bill pay options for growing Hispanic marketplace through partnership with Progreso Financiero.
  • Arroweye Solutions’ digital tech powers growth at GiftCard.com.
  • Allied Wallet partners with Swedish e-commerce payment services provider Klarna.
  • Janrain and Bazaarvoice team to enhance social shopping experience via social login.
  • Pageonce and Blackstone Tech Group partner to bring utility companies a mobile payment option for customers.
  • Idaho Central CU launches RDC powered by MShift.
  • MyBankTracker reports Fifth Third Bank Statements Now Available on Manilla.
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.

First Quarter 2012 Funding for Finovate Alumni, $150 Million Raised

Boku, Capital Access Network, Currensee, Dwolla, eToro, Finsphere, HelloWallet, Jemstep, Kabbage, ThreatMetrix, Xero

Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpg

Since we are nearing the end of the first quarter, we wanted to look back at all of the Finovate alums who have raised funding over the past few months.

Here’s the month-by-month breakdown:

January — $25 million raised by 3 companies

February — $57 million raised by 5 companies
March — $68 million raised by 3 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.

Finovate Alumni News– April 18, 2012

AlphaClone, Currensee, Finsphere, Geezeo, MoneyDesktop, PayPal, Ping Identity, ProfitStars, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Geezeo inks contract with Loc FCU.
  • ProfitStars introduces RemitCentral for centralized payment processing. See ProfitStars at FinovateSpring.
  • Business Insider looks at why PayPal continues to be relevant to small businesses.
  • GeekWire reports how VC investments in Finsphere brought VC cash to Seattle.
  • Yodlee partners with Central 1 to power PFM for Canadian financial institutions.
  • AlphaClone now displays stock prices on Sentiment Charts.
  • Forex News Now reviews Currensee.
  • Ping Identity named 1 of Denver Post’s 2012 top workplaces.
  • FirstData to use MoneyDesktop’s PFM in online banking solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– March 1, 2012

BillShrink, Cardlytics, Cartera Commerce, Finsphere, Fiserv, HelloWallet, Kony Solutions, Segmint, Stocktwits, T8 Webware, Truaxis
  • Kony and VASCO form alliance to offer a higher level of security for mobile applications.
  • Daily Disruption features Matt Fellowes, HelloWallet CEO, as the disruptor of the day.
  • Credit Union Times reports Fiserv melds P2P services ZashPay & Popmoney.
  • Finextra talks with Cartera Commerce, Cardlytics, Segmint, and Truaxis (formerly BillShrink) about how banks can use reward programs.
  • Finsphere awarded U.S. patent recognizing innovation in mobile identity authentication.
  • T8 Webware wins interactive media award at the 2012 ADDY 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.

Finsphere’s Solutions Keep Online Banking Secure

FinovateEurope 2012, Finsphere

Thumbnail image for finsphere.jpg

Then, Finsphere demonstrated its security services:

“A suite of solutions that includes fraud management services for financial institutions and online merchants, access management services for enterprise and cloud computing environments, and PinPoint, a consumer-focused fraud protection service for financial services providers. Finsphere’s Identity Security Services platform provides the basis for expanding the solution sets to monetize wireless data across industry segments worldwide.”

Product Launched: Commercially available

HQ Location: Bellevue, WA
Company Founded: 2007
Website: finsphere.com

Presenting Robert Boxberger (President) & Jeff Brennan (Chief Privacy Officer)
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Finsphere Raises $11.3 Million, Adds Vodafone Board Member

Finsphere

Thumbnail image for finsphere_logo.jpg

Last week identity validation startup, Finsphere, made two announcements:

  • According to GeekWire, it has received $11.3 million in funding, which brings its total funding up to around $30 million:

“The company, led by wireless veteran Michael Buhrmann, has raised $11.3 million of a $15.4 million venture capital round, according to a SEC filing. It’s unclear whether a $3.95 million round raised in October is part of the new round.”

  •  It added a board member from Vodafone Ventures:

“Tobin Ireland, Group Director of Commercial Development at Vodafone, joins the Finsphere Board of Directors. Also participating in the investment are existing Finsphere investors Mohr Davidow Ventures, Shasta Ventures, and Frazier Technology Ventures.”

To learn more about Finsphere, watch its FinovateFall 2010 demo and come see its live demo at FinovateEurope this February 7 in London. Get tickets here.

Finovate Alumni News– January 23, 2012

BillShrink, Dwolla, Finsphere, mShift, PayNearMe, T8 Webware
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News advises using BillShrink to review your mobile phone bill.
  • T8 Webware to receive $120k in incentives & $200k in job training to help it expand to Des Moines.
  • BetaBeat plants rumor that Dwolla landed $10 million in Series B funding from Union Square Ventures.
  • MShift reaffirms strategic relationship & rights to MShift software & technologies.
  • Finsphere raises $11.3 million, adds Vodafone board member.
  • The New York Times Buck blog details Dwolla’s payments approach.
  • PayNearMe to launch mobile cash payment application in mid-February.
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.

2011 Funding for Finovate Alumni– Over $423 Million Raised

Bill.com, BillGuard, Bobber Interactive, Braintree, Cardlytics, CashStar, Continuity Control, Credit Sesame, Dynamics, edo Interactive, eToro, eWise, Finsphere, FTRANS, Guardian Analytics, Kabbage, Kony Solutions, Lending Club, Lendio, mFoundry, MiiCard, MOOTWIN, On Deck Capital, peerTransfer, Plastyc, Prosper, SecondMarket, SecureKey, Silver Tail Systems, Simple, Xero

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.