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Finovate Alumni News from Bling Nation, Lending Club, Yodlee, and Zecco

By Andrew Dolbeck on April 16, 2010 1:48 PM | Comments (0)

Following are summaries of the articles posted recently on our Finovate blog. More alumni news is available on our Finovate Twitter feed.

Bling Nation's pilot program serves 500 bank customers in Colorado

BlingNationLogo Bling Nation began its pilot program with Colorado's State Bank of La Junta in February 2009. Now nearly half the bank's checking account customers are signed up for the service. The company recently announced its first East Coast client, New York's Adirondack Trust Company.

The company offers a unique take on mobile payments, using stickers called Bling Tags that attach to mobile phones. To make a purchase, the user touches the tag to a point-of-sale device called a Blinger. The transactions are authenticated over cell phone networks and do not involve national processing networks, making the process less expensive.

Read the full post here.

Lending Club milestones

clip_image004Peer-to-peer lending company Lending Club has recently reached a number of milestones.

· Issued more than 10,000 loans worth $100 million

· Surpassed $1 billion in loan applications

· Received $24.5 million VC round on April 14

The company recently updated its visual branding by changing its logo and redesigning its website.

Read the full post here.

Yodlee powers online PFMs

clip_image006Yodlee estimates that it powers 85% of the U.S. online PFM industry. The company licenses data aggregation, personal finance management, online account enrollment, account verification, bill payment, and funds transfer systems to more than 150 clients including 40 of the top 50 financial institutions. The company projects that the PFM industry will have more than 30 million users by the end of 2010.

In February, Yodlee launched its Yodlee FinApp Store, a platform for developers to create new financial applications.

Read the full post here.

Zecco launches new tools for traders

clip_image008

Zecco launched two new browser-based tools, Zecco Streamer and Zecco Streamer Lite, which provide market data in a customizable dashboard. Users can personalize their trading dashboard by adding and removing modules to present the data they need to track market opportunities. The tools also allow users to place buy and sell orders directly from the dashboard.

Read the full post here.

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