Third Quarter 2013 Funding for Finovate Alumni — More than $171 Million Raised

The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

Here is the Q3 summary for 2013:

July — More than $63 million raised by eight companies

• FTRANS: $2.1 million — blog post
• SumUp: undisclosed — blog post
• LearnVest: $1.6 million — blog post
• Meniga: $6.5 million — blog post
• Prestadero: $400,000 — blog post
• Ping Identity: $44 million — blog post
• SafetyPay: $7 million — blog post
• ERN Global: $1.6 million — blog post

August — More than $26 million raised by six companies

• Lendio: $4.5 million — blog post
• Taulia: $18 million — blog post
• Kofax: $2 million — blog post
• Moven: undisclosed — blog post
• Socure: $1 million 
• ERN: $1 million — blog post

September — $82 million raised by nine companies

• MyHero/TradeHero: $10 million — blog post
• Azimo: $1 million — blog post
• Lendio: $4.5 million — blog post
• Prosper Marketplace: $25 million — blog post
• P2B Investors: $1.2 million — blog post
• Wipit: $1.1 million — blog post
• Narrative Science: $11.5 million — news story
• Numbrs: $3.8 million — blog post
• Check: $24 million — blog post

Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

FinovateFall 2013 in the Press

Affluent Strategies

Finovate Fall 2013 Best of Show Winners

by JP Nicols

Link

All Marketing (in Hebrew)

הסטארט-אפ הישראלי, TipRanks, זוכה זה בפעם השנייה בכנס Finovate

by Shirley Asa

Link

American Banker

Business Lender Finds Trove of Insights in Client CRM Data

by Penny Crosman

Link

MoneyDesktop Launches Long-Term Goal Setting Tool

by Sean Sposito

Link

PFM Apps Dominate FinovateFall Day One

by Mary Wisniewski

Link

Reporter’s Picks: Three Top Apps at FinovateFall

by Sean Sposito

Link

The Cutting Edge of Online Banking, as Practiced by a Polish Bank

by Mary Wisniewski

Link

The Top 10 Tweets of Finovate

Link

What Engagement Banking Needs Is Less Engagement

by Jeanine Skowronski

Link

Backbase Blog

Backbase Unveils New Commercial Banking Portal Solution at FinovateFall 2013

by Prue Duggan

Link

Bank Innovation

‘Electronic Checks’ Give Paper Payments New Life

by Philip Ryan

Link

European Innovators Throw Down the Gauntlet: Where’s the Innovation, Americans?

by Philip Ryan

Link

Finovate 2013: Our take on the Best of Show winners

by Steven Ramirez

Link

Finovate Fall ’13: Numbrs, Pixeliris, Word Sentry, and Mitek Come on Strong

by Philip Ryan

Link

Finovate Fall ’13: Strong Demos from Float Money, BizEquity, Zighra & SpearFysh

by Philip Ryan

Link

Finovate Fall ’13: Strong Demos from Instabank, SavedPlus & TipRanks

by Phillip Ryan

Link

Finovate Fall ’13: Think Finance, MBank Lead the Pack

by Philip Ryan

Link

Bank Marketing Strategy

Ten Tips To Doing Finovate Like A Pro

by Jim Marous

Link

Bank Systems & Technology and Wall Street & Technology

5 Game-Changing Financial IT Startups

by Becca Lipman

Link

5 Ways Mobile Banking Is Evolving: Finovate

by Jonathan Camhi

Link

Finovate Fall 2013: A Few FinTech Providers for Capital Markets

by Zarna Patel

Link

Finovate 2013: We’re All Infected With Malware

by Becca Lipman

Link

Making Personal Finance Social Spotlighted At Finovate

by Jonathan Camhi

Link

Barlow Research Associates

Innovations that Improve Business Banking Workflow

by Donna Arce

Link

BostInno, Streetwise Media

Franklin-Based Interactions Reinvents the Virtual Assistant Application, Wins Finovate’s Best in Show

by Andrew Amato

Link

Crain’s New York Business 

Financial-technology startups roil banking’s status quo

by Judith Messina

Link

Hottest tech sector is all about money

by Judith Messina

Link

Credit Union Times

Mitek Debuts Mobile Photo Account Opening

by Robert McGarvey

Link

CreditUnions.com

5 Areas Of Innovation All Credit Unions Need To Monitor

by Scott Patterson

Link

The Role Of Innovation In Today’s Credit Union

by David Mooney

Link

CU Insight

Barclays Just Showed Up to the Party We’ve Been Hosting for a Year

by Ron Daly

Link

Discerning Technologist

Just In Time For Finovate: Adding More Fun (And More Focus) To Fintech Applications

Link

ExecutiveBoard.com

Scores of fun at Finovate and Money2020

by CEB Icono

Link

Finextra

Yodlee launches financial relationships app

Link

Finovate blog

FinovateFall 2013 Best of Show Winners

by Julie Schicktanz

Link

Forbes

4 New Online Money Management Tools Worth A Try

by Richard Eisenberg

Link

Forrester blog

Highlights and Thoughts From Finovate Fall 2013

by Peter Wannemacher 

Link

GonzoBanker

Finovate Fall 2013 – The Big Apple

by Scott Hodgins

Link

Hotwire PR blog

Mobile, data and security are hot at FinovateFall

by Lindsay Goldwert

Link

Huffington Post Tech

NextGen Investment Advisory Firms–Go Tech Or Go Home!

by April Rudin

Link

Investment News

Start ups pitch automated advice at tech confab

by Trevor Hunnicutt

Link

Javelin Strategy & Research Blog

FinovateFall 2013. Drinking from the Proverbial Firehose.

by Nick Holland

Link

The Jerusalem Post

Tel Aviv-based start-up TipRanks takes top prize at Finovate

by Niv Elis

Link

Medium.com

Reflections On Five Hundred Minutes of Fintech

by Bradley Leimer

Link

miiCard

Fintech Trends From The Innovators at FinovateFall

by Cassie Anderson

Link

Mindful Insights blog

FinovateFall 2013 

Link

The Modesto Bee

Modesto financial planners offer online tool for success

by Patty Guerra

Link

My Bank Tracker

FlexScore Aims to Complement FICO Credit Scores

by Simon Zhen 

Link

FutureAdvisor: Automated Investing With Tax Efficiency in Mind

by Simon Zhen 

Link

Mitek to Simplify Account Opening on Mobile Devices

by Simon Zhen 

Link

MoneyDesktop: Declutter and Visualize Your Financial Goals

by Simon Zhen 

Link

SavedPlus Makes You Save Every Time You Spend

by Simon Zhen 

Link

Yodlee’s New Mobile App Deals With Money Side of Relationships

by Simon Zhen 

Link

The New Age Online

Finovate and the Rise of the African Entrepreneur

by Douglas White

Link

PandoDaily

Taking data analysis to a new plateau: Narrative Science raises $11.5M

by cale Guthrie Weissman 

Link

Payments Source

E-Check Service Offers an Alternative to Online ACH Payments

by Austin Kilgore

Link

PC World

New services tackle small business finance challenges

by Yardena Arar

Link

Plus World (in Russian)

Инновация ТКС Банка представлена на

Link

PYMNTS.com

Payment Innovators Impress At FinovateFall 2013

by Dan Rosen

Link

Silicon Hills

Akimbo and Toopher Pitching at Finovate in New York

by Laura Lorek

Link

Snarketing 2.0

Finovate Fall 2013: Snarketing’s Best-In-Show Awards

by Ron Shevlin

Link

What To Look For At Finovate Fall 2013

by Ron Shevlin

Link

TechCrunch

Mobile-First Banking App Numbrs Bags Further $3.8M For U.S. Launch

by Steve O’Hear

Link

Upstart Business Journal

Bitcoin’s missing link sneaks into main event at Finovate

by Michael del Castillo

Link

Financial gladiator battle ends with 8 startups standing tall

by Michael del Castillo

Link

The Wall Street Journal

How to Get Investment Advice for Less Online

by Andrea Coombes

Link

‘Stupid’ Banks Look for Innovation

by Michael Hickins

Link

William Mills Agency blog and Beyond the Arc blog

Day 1: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez

by Steven Ramirez and William Mills III

Link

Day 2: Live Blog, FinovateFall 2013 by William Mills III & Steven Ramirez

by Steven Ramirez and William Mills III

Link

Finovate 2013: Our take on the Best of Show winners

by Steven Ramirez

Link

We’ll continue to add coverage throughout the next few weeks. If you have FinovateSpring press coverage you would like to add, please email the link to julie@finovate.com.

Narrative Science’s Quill Financial Helps Institutions Process and Understand Big Data

This post is part of our live coverage of FinovateFall 2013.

Next, Narrative Science demonstrated how Quill Financial helps financial institutions analyze their data at a large scale:

“Quill Financial is a product suite that enables financial institutions the ability to automatically analyze, understand, and communicate what’s happening in their data at a speed and scale never before possible.

Portfolio Commentary: Quill automatically creates and delivers on-demand portfolio communications for wealth and investment management firms so that portfolio managers, sales, and marketing teams can access tailored, up-to-date commentary whenever they need it.

Investment Research: Quill analyzes both proprietary and market data to produce monthly and intra-month research reports that assess company expectations, upside and risk to help analysts, bankers, and investors make long-term investment decisions.”

Product Launch: September 2013

Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms

HQ: Chicago, IL

Founded: January 2010

Website: narrativescience.com

Twitter: @narrativesci

Narrative Science recently announced it raised $11.5 million in Series C funding from Jump Capital and SAP Ventures along with Battery Ventures and Northwestern University.

Presenting Kris Hammond (CTO, Narrative Science) and Tim Bixler (Credit Suisse Managing Director — Global Head of HOLT)

The full demo video will be available at finovate.com in mid-September.

Finovate Alumni News– September 6, 2013

• Fiserv launches Predictive Scores tool that models customer behavior. Come see Fiserv at FinovateFall next week.

• First Federal Savings Bank implements PFM through MoneyDesktop. Check out MoneyDesktop’s new solution at FinovateFall in NYC.

• PayPal Updates iOS And Android Apps With The Ability To Order Ahead, Pay Restaurant Bills, Access Bill Me Later And More.

• Woodinville Water District Achieves Significant Increase in Paperless Water Bills in the First 90 Days of doxo Implementation.

• Members Choice CU To Offer PFM Powered By Geezeo.

• Braintree adds new layer of fraud protection for merchants.

• Finovate alumni driving growth in online investment advisory industry.

• VentureBeat takes a look at Yodlee Interactive.

• Forbes features article on Narrative Science’s
  Quill. Come see them at FinovateFall next week.

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– August 22, 2013

• Forbes Magazine names FIS one of the 100 most innovative companies in the world.

• BusinessManager from ProfitStars is driving revenue growth and customer acquisition for Great Western Bank.

• Arroweye Solutions launches data-driven card marketing with CustomerConnect.

• Ameriana Bank to deploy Picture Pay from Allied Payment Network.

• Mashable takes a look at PayPal’s face-verification system for mobile payments.

• Yodlee, Moven, and Mint featured in Wired column on the “banks of tomorrow.”

• Narrative Science co-hosts this week’s InnovationChat at built in Chicago. See them demo at FinovateFall in September.

• Segmint CIO David Hadley writes about building a cybersecurity framework today in BAI Banking Strategies.

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.

Meet the Innovators of FinovateFall 2013

FinovateFall 2013 is right around the corner. That means it’s time to start getting to know the entrepreneurs and innovators that will be presenting their technologies on stage in New York City in September.

Remember, the early bird deadline is this Friday, August 2nd. So to reserve your spot and register now.

________________________________________

Akimbo Financial offers a social bank account alternative that makes sharing money easier than ever.

authenticID‘s identity tools pictureID and catfishID, are the most accurate, time-saving solutions for the forms of ID we already carry.

Backbase‘s Launchpad, the Commercial Banking Edition, making CFO’s work easier.

BehavioSec uses behavioral analytics to transparently tackle web and mobile security.

BillFloat revolutionizes credit delivery to consumers and businesses.

Biometric Signature ID has a patented software-only biometric for secure ID online verification.

BizEquity is the first and leading cloud-based business valuation engine, an innovative solution to small business lead generation.

Capital Access Network is the largest and most experienced small business finance specialist.

Cardlytics uses consumer purchase data to drive a patented advertising platform. Ads are so relevant–they’re expected. 

CoverHound is a comparison insurance adviser, helping people discover, buy, and manage insurance online.

CR2 is the innovative provider of self-service banking solutions including ATM, Internet, and mobile banking.

DoubleBeam‘s SDK powers mPayments inside other mobile apps, helping signup customers quickly and save a ton on the cost of payments.

FinanceIt offers businesses the ability to provide consumer financing to their customers at the POS.

Financial Guard helps you protect your investments, providing online investment advice at the right price, finally.

Finect is the leading online network for the financial services industry.

Fiserv is a leading global technology provider serving the financial services industry, driving innovation in payments.

FlexScore “gamifies” financial planning, gives a “score” of your financial fitness, and provides education, advice, peer comparisons.

Float Money offers interest-free credit to members of its shopping club and financial health partners.

FutureAdvisor manages your investments for better returns, making quality financial advice available to everyone.

GMC Software Technology is a leading software developer of solutions that transform the customer experience.

Guide Financial is like a healthcheck for your finances – automatically scanning your accounts for ways you can earn or save more, and providing simple, easy fixes.

Ignite Sales is the leader in retail banking, customer acquisition, and retention technology.

Innovation Agency, where you can execute on your innovation mandate and unlock the wealth of ideas in your ecosystems.

Instabank – Beautiful money.

Interactions provides natural language Virtual Assistant application services for the automation customer care processes.

Jumio is a next generation credentials management company offering payments and ID scanning and validation products for mobile and web transactions.

Kofax is a leading provider of smart process applications that simplify the business critical First Mile of information-intensive customer interactions.

LearnVest empowers people everywhere to take control of their money and live their richest lives.

Level Money is a financial GPS, designed to replace budgeting.

Lighter Capital provides growth capital to technology companies in a highly-automated basis – Capital-as-a-Service.

Lumesis provides software for the fixed income municipal market. Compliance and credit-focused. 

Luminous is a boutique innovation company that has become synonymous with innovative banking around the world.

Manilla is the leading free and secure service to simplify and organize daily financial life.

MasterCard is a technology company in the global payments industry, operating the world’s fastest payments processing network.

mBank is the biggest, pure-play online bank and the third largest retail bank in Poland.

miiCard is the first digital identity verification service to prove ‘you are who you say you are’ entirely online.

Mitek is positioned as the leading innovator in mobile imaging software. 

MoneyDesktop empowers financial institutions to provide online/mobile banking experiences to promote personal financial intelligence.

Motif Investing is a thematic, customizable, low-cost and crowdsourceable ETF-like product that is disrupting investing economics.

Narrative Science enables co
mpanies to uncover the insight hidden in their data and create new content at a scale and frequency never before possible.

Numbrs – One App – Every Bank.

P2P Cash is the mobile wallet with switch technology that allows us to aggregate all other mWallets and mobile financial services.

PayWith is powered by MasterCard. Funded by Merchants. Loved by Consumers.

PhonyInvoices provides invoice fraud detection and prevention. We check a company’s vendor lists and transactions for suspicious activity.

Place2Give provides valuable and trustworthy information to make the most impactful social capital investment decisions.

QuarterSpot lending platform delivers the lowest cost and most favorable term small business loans.

RevolutionCredit is a revolutionary solution that transforms the credit decisioning process for both creditors and consumers.

SaaS Markets is the enterprise app store company for financial organizations looking to leverage cloud-based applications for their employees or customers.

SavedPlus is an automatic savings program that helps customers save money with every purchase.

Simple Verity provides business credit reports on any SMB in America.

Socure offers a social identity verification solution to combat the growing risk of online identity fraud for financial institutions.

SpearFysh leverages mobile, speech analytics, big data, and SaaS technology to improve sales processes and drive growth.

Spreedly provides vault cards in the cloud and work with more than 50 payment gateways.

StockSmart apps and platform offer insight and information on the world’s best companies and people.

StrategyCorps delivers local/mobile/social consumer checking solutions so appealing and relevant, your customers will gladly pay for them.

Tinkoff Credit Systems is Russia’s leading provider of online financial services.

TipRanks is a cloud-based service that measures the performance of anyone giving investment advice.

Toopher eliminates online fraud using your phone’s location. Simple, secure, your phone stays in your pocket.

Unleash is the cloud CFO that helps small businesses make better decisions faster.

VerifyValid and Deluxe are giving checks their first major upgrade in more than 200 years.

Versafe protects all users from all malware, threat types. On all devices, all transparently. 

WordSentry software analyzes messages during composition, identifying non-compliant components, for correction before sending.

Yodlee is the platform for financial innovation, powering the world’s largest collection of transactional data.

Yseop creates a new age where financial services delivered to customers are driven by AI and human collaboration.

Zenmonics is a global technology services and mobile product provider to the financial services market.

Zighra empowers banks and financial institutions to leverage implicit mobile user authentication and accelerate payments.

Zooz provides complete payment essentials at your fingertips: a robust set of tools that will improve the payment process.

Plus more stealth companies to be announced in the weeks to come.

________________________________________

To find out more about the upcoming FinovateFall 2013 event in New York, September 10 and 11, visit our FinovateFall information page here.

Finovate Alumni News– July 23, 2013

• Yodlee launches suite of solutions to give self-directed investors a full picture of their wealth and investments in one place.

• Forbes lists Narrative Science as 1 of 5 exciting tech companies you’ve probably never heard of.

• Huffington Post features Personal Capital, Mint, and Manilla as tools to organize finances.

• First Federal Bank and United Community Bank have selected Fiserv’s DNA account processing platform.

• Commerce Bancshares extends use of Alogent Payments Gateway from ProfitStars.

• Thomsen Reuters announces availability of Checkpoint Pocket Assistant for the iPhone, free app for tax professionals.

• Check to provide mobile bill pay to Desert Water Agency customers.

• NYSE CIO Peter Leukert to lead FIS’s strategy and thought leadership team.

• Technologies from Kalixa, DeviceFidelity, and MasterCard combine to bring moneto mobile wallet to the U.K.

• VerifyValid partners with Deluxe to offer secure check payment solution to small businesses. See VerifyValid demo at FinovateFall in New York.

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.

Dashlane, Narrative Science Graduate from Fintech Innovation Labs

A pair of Finovate alumni were among the companies to graduate from the Fintech Innovations Labs this summer: Dashlane and Narrative Science.

The FinTech Innovation Labs are a two-month long mentoring program developed by the Partnership Fund for New York City and Accenture. The program ends with a “Demo Day” presentation that gives participating companies the opportunity to show their technologies to financial industry decision-makers. More than 100 companies applied to this year’s program, of which six were selected. Read more about the Innovation Labs in our coverage here.

Dashlane is the developer of a password management and digital wallet technology that provides instant checkout, login, and form-filling for consumers on any website. The technology is also device-agnostic, and works without any need for integration or setup on the part of the merchant or website. Read our review of the latest version of Dashlane (Dashlane 2.0) here.

Narrative Science came with Quill, its artificial intelligence engine that turns reams of data into readable English text. The finished product is designed to be virtually indistinguishable from human-generated copy and is produced in significantly less time. 

Quill is currently being piloted by several banks according to Narrative Science’s CTO. We recently wrote about the company’s partnership and technology development agreement with In-Q-Tel.

FinTech Innovation Labs began in 2010, and have the support of financial services companies ranging from American Express to UBS. Also among the program’s supporters are venture capital firms such as Bain Capital Ventures and Warburg Pincus. A similar event is held in London and, this year, also included Finovate alumni among the companies winning spots in the program. Read more about the Fintech Innovation Labs in London here.

Dashlane demoed their technology as part of the FinovateEurope 2013 show back in February. See its presentation here. Narrative Science presented Quill during the FinovateSpring 2013 show in May. See Quill in action here.

Finovate Alumni News– July 11, 2013

• Netbanker walks through Moven’s invite and application process.

• SumUp to participate in the Visa Ready program to prepare their mobile acceptance software and hardware tested and approved for use by Visa.

• Linkable Networks partners with 4INFO, a mobile ad tech company, to provide consumers with access to card-linked offers via mobile devices.

• Metaforic releases Metaforic WhiteBox, a secure cryptography solution for Mobile Financial, Conditional Access, BYOD and Embedded Communications and payments.

• Merchant Customer Exchange chooses FIS to power real-time, mobile commerce payment network.

• Finovate alum Braintree highlighted in coverage of MobileBeat 2013.

• Financial Post takes a look at “do-it-yourself hedge fund site” Quantopian.

• Allied Payment Network and Malauzai Software team up to provide PicturePay as stand-alone mobile bill pay solution.

• Dashlane and Narrative Science graduate from FinTech Innovation Lab after participating in “Demo Day”.

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– June 14, 2013

• LifeHacker takes a look at Wallaby’s mobile app.

• Nomis Solutions wins patent for price sensitivity models.

• Heckyl Technologies takes first place in UK Trade & Investment innovation contest.

• Billeo announces acquisition of ecommerce platform, Swag.io.

• Encap earns seven-figure investment from ProVenture Seed.

• Credit Union Times features Arxan.

• Money Marketing considers Narrative Science, Quantopian, Moven, MoneyDesktop and Jemstep.

• Zopa named Most Trusted Loans Provider at the Moneywise Customer Service Awards 2013.

• CU Broadcast interviews MoneyDesktop’s Bret Skousen.

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.