Alumni News– September 4, 2014

• ThreatMetrix to provide location-detecting solution help institutions meet the Treasury Office’s international business regulations.

• LifeHacker: ReadyForZero tracks your debt and helps manage your credit score.

• Graphic Packaging Holding selects Taulia to provide its Business Exchange program to optimize the organization’s payables process.

• BiometricUpdate.com features BehavioSec. Come see its presentation at FinDEVr.

• Jane J. Thompson joins OnDeck Board of Directors.

• Wallaby Financial launches Android Wear app.

• PayPal extends fingerprint authentication to Samsung Note 4 and Gear S.

• EverBank partners with FIS to bring PeoplePay to its banking customers.

• Forbes.com features Check among three nightmare-reducing money disruptors.

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.

Alumni News– August 20, 2014

• CUneXus improves loan acceptance by 68% over 2013 for Educational Employees CU.

• With Simple’s 2.0 mobile app update, users can send paper check payments via mobile.

• ID Analytics names Daniel Rawlings as Chief Revenue Officer.

• Essent Guaranty offering lenders access to rate quotes through an interface with D+H’s MortgagebotLOS.

• ThreatMetrix selected as one of CIOReview100s Most Promising Technology Companies.

• EyeVerify and Zumigo selected for Wells Fargo’s accelerator.

• Expensify integrates with Uber’s API to launch SmartRides feature.

• PayNearMe and SIMI partner to offer cash collection services to US government agencies.

• Kony launches MobileFabric to Accelerate Speed of Delivering Great Enterprise Mobile Apps.

• PayPal announces access to its One Touch mobile payment solution. Join PayPal in San Francisco for FinDEVr this fall.

• Cartera Commerce unveils new website.

• Wallaby Financial launches CardBase and The Card Guide, opening its credit card database to the public.

• National Real Estate Investor features Realty Mogul CEO and co-founder, Jilliene Helman.

• Forex Brokerz talks about the beta release of Darwinex’s social trading platform.

• peerTransfer tops $1 billion in international education payments, announces 500th client.

• Bloomberg.com features Venmo, Fiserv’s Popmoney, and Dwolla in column on Millennials and mobile payments.

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.

Alumni News– July 30, 2014

• ThreatMetrix granted patent for its ability to differentiate between trusted customers and cybercriminals 

• Australia-based Vermilian acquired by banking technology firm Ultradata.

• i-exceed launches its new website.

• Boku brings its direct carrier billing-based mobile payments technology to India.

• Mangopay teams up with Currency Cloud to provide international money transfer services to its customers.

• Shivalik Mercantile Cooperative Bank to deploy “bank in a box” from FIS.

• Blackhawk Network teams with Amazon to enable customers to manage and spend their gift cards in the new Amazon Wallet app.

• Financial Guard to provide clients with both passive and active investing options.

• Happy second birthday to Simple.

• Insuritas wins 2014 NAFCU Services Corporation (NSC) Innovation Award that highlights groundbreaking solutions for credit unions.

• TechCrunch: Credit Karma offering free, weekly credit reports – no strings attached.

• Franklin University chooses ACI Worldwide for online payment processing.

• Wikipedia Foundation partners with Coinbase to allow bitcoin donations.

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.

Alumni News– July 15, 2014

• How Big is the Braintree SDK? PayPal’s Acquisition Launches Toolkit Reboot.

• Fiserv partners with ChannelNet to provide self-service options for LoanLink borrowers.

• MasterCard introduces its MasterPass e-commerce technology in South Africa.

• Upstart Business Journal features Taulia.

• TSYS‘ ProPay partners with ThreatMetrix to provide fraud prevention solutions to its customers.

• Top Image Systems announces appointment of Lyron Bentovim to CFO.

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.

Alumni News– June 18, 2014

• ThreatMetrix integrates with Ping Identity’s PingFederate ID bridge to provide contextual employee authentication.

• Kony brings in $50 Million in Financing Led by SoftBank Capital.

• Flint integrates with QuickBooks Online.

• Eight Finovate alums earn spots on CNBC’s Disruptor 50 list: Motif Investing, TransferWise, Personal Capital, Wealthfront, Lending Club, Coinbase, Bill.com, and Betterment.

• Umpqua Bank announces plans to transition to a scalable core solution from FIS.

• Intuit completes acquisition of Check.

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– May 30, 2014

• ThreatMetrix wins Judges Choice for Best Overall Fraud/Security Solution at 2014 CNP Awards.

• FinovateSpring: Behind the Scenes with ChiaraMail, Dealstruck, and LendingRobot.

• HelloWallet acquired by Morningstar in $52.5 million deal.

• PandoDaily takes a look at Venovate and its platform for enabling alternative investments.

• Gonzobanker lists five ingredients in his Franken-banking product: all Finovate alums in Q2ebanking, Digital Insight, ACI Wordwide, and Alkami Technology, and Jwaala.

• Fast Company profiles NICE Systems in a new feature on voice biometrics.

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– April 24, 2014

• Linkable Networks teams up with Ohana to deliver card-linked savings.

• Actiance launches its Actiance Technology Partner Program.

• Check Point Software Technologies launches new 41000 Security System, expanding its network security portfolio.

• The Paypers interviews ThreatMetrix CEO, Reed Taussig.

• Kantox announces formation of European Advisory Board.

• Klarna Checkout launches in Germany.

• doxo launches real-time business analytics and market data for service providers.

• The Simple customer experience as experienced on a 3 week bike trip to FinovateSpring.

• Billpay: After 20 years as a loss leader, Check/Pageonce shows path to profitability.

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 Alums Raise $600 Million in First Quarter of 2014

Want some context on the torrid pace of fintech financing in the first three months of 2014?

Consider this: a year ago, fourteen Finovate alums raised a total of more than $150 million in the first quarter of 2013.

A year later, we have just nine alums raising more than twice as much in the month of March alone.

March Madness, indeed.

Q1 of 2014 saw 23 Finovate alums walk away with just under $600 million in capital. The biggest haul of the quarter came courtesy of Klarna, which raised more than $125 million. 

But there were plenty of similarly impressive fundraisings, including the $85 million raised by Credit Karma, and the $77 million and $75 million secured by OnDeck and Tradeshift, respectively.

Total raised = More than $592 million

January — $91 million raised by seven companies

• BankBazaar: $13 million — blog post
• CAN Capital: $33 million — blog post
• doxo: $3.5 million — blog post
• Kensho: $10 million — blog post
• peerTransfer: $6 million — blog post
• Spreedly: $500,000 — blog post
• Zopa: £15 million ($24.7 million) — blog post

February — $139 million raised by seven companies

• Birdback: $2.4 million — blog post
• Kantox: $8.9 million — blog post
• Kapitall: $13 million — blog post
• PayNearMe: $20 million — blog post
• Red Zebra Analytics: undisclosed — blog post
• Tradeshift: $75 million — blog post
• ZenPayroll: $20 million — blog post

March — $362 million raised by nine companies

• Azimo: $10 million — blog post
• Credit Karma: $85 million — blog post
• Klarna: $125.3 million — blog post
• OnDeck: $77 million — blog post
• Payoneer: $25 million — blog post
• Realty Mogul: $9 million — blog post
• Smart Asset: $5.2 million — blog post
• SocietyOne: $5 million — blog post
• ThreatMetrix: $20 million — blog post 

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Note: Funding prior to becoming a Finovate alum not included. Questions? Comments? Email us at David@finovate.com or Julie@finovate.com

ID Analytics Launches ID Score 9.0, Partners with ThreatMetrix and Others

Today, San Diego-based ID Analytics launched the newest version of its flagship fraud detection platform, ID Score.

This newest release improves the effectiveness of the company’s existing identity fraud detection by:

• Providing more insight into consumer behavior
• Uncovering the risk level of the user’s device
• Finding associations between device usage and fraudulent occurrences

As a part of this effort, it has partnered with device authentication and intelligence providers, including ThreatMetrix, to incorporate their risk assessments into the consumer’s ID score itself.

The end result, ID Score 9.0, is a fraud assessment that is composed of both identity and fraud risk.

ID Analytics demonstrated My ID Alerts at FinovateSpring 2011 and ThreatMetrix debuted its Fraud Prevention 2.0 at FinovateStartup 2009.

Finovate Alumni News — March 31, 2014

• ThreatMetrix CTO Andreas Baumhof discusses the need for new authentication strategies for retailers.

• NBC Chicago interviews Larry Baker, co-founder of Bolstr, on the basics of crowdfunding.

• Trustly named to 2014 Red Herring Top 100 Europe award.

• The Real Money Story reviews Jemstep.

• Top Image Systems and Konica Minolta Spain partner to market eFLOW Invoice and Digital Mailroom business automation projects.

• Upstart Business Journal looks at how developments from payment startup PayNearMe match up against big players.

• A look at Xero’s new integration with Square.

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.