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		<title>Tech Gets the Wall Street Treatment at FinTech Innovation Lab Demo Day</title>

		<comments>http://betabeat.com/2012/07/military-intelligence-resources-and-experts-take-on-the-financial-world-at-fintech-innovation-lab-demo-day/#comments</comments>
		<pubDate>Wed, 18 Jul 2012 15:33:34 -0400</pubDate>
					<link>http://betabeat.com/2012/07/military-intelligence-resources-and-experts-take-on-the-financial-world-at-fintech-innovation-lab-demo-day/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=55068</guid>
		<description><![CDATA[<p><div id="attachment_55107" class="wp-caption alignleft" style="width: 310px"><a href="http://www.trueoffice.com/img/screenOne.jpg"><img class="size-medium wp-image-55107" title="screenOne" src="http://nyobetabeat.files.wordpress.com/2012/07/screenone.jpeg?w=300" alt="" width="300" height="225" /></a><p class="wp-caption-text">(Photo: True Office)</p></div></p>
<p>“That’s not Jamie Dimon,” joked <strong>Adam Sodowick</strong>, founder and CEO of <a href="http://www.trueoffice.com/">True Office</a>, as an avatar in his game walked onto the screen. However, Mr. Dimon’s employer, J.P. Morgan, was one of the 12 banks that mentored the <a href="http://www.fintechinnovationlab.com/">FinTech Innovation Lab</a> participants who demoed their products to potential investors and senior executives in the financial industry Wednesday morning at Credit Suisse. (Duh, "FinTech" stands for Financial Tech--get in the game!)</p>
<p>True Office was one of six companies who participated in the three-month long mentoring process, during which these FinTech entrepreneurs presented their products to and received guidance from key executives in the banking industry. True Office is a mobile game that allows companies to conduct more interesting and engaging compliance training.</p>
<p>“This is a very large and deeply unsexy market,” Mr. Sodowick said about compliance training. “It is akin to getting a flu shot.” But TrueOffice makes the training a game, arguably incentivizing users to pay attention and learn from the process. People may even end up reading the company's policies, where they would inevitably learn that it is, in fact, unethical to lie about your <a href="http://betabeat.com/2012/05/scott-thompson-out-at-yahoo/">Computer Science degree</a>.</p>
<p><!--more-->Another FinTech Lab graduate, <a href="https://www.billguard.com/">BillGuard</a>, helps users uncover fraudulent credit card charges and get their money back in an efficient manner. <strong>Yaron Samid</strong>, the founder and CEO of BillGuard, said that the company arose out of his laziness: he simply didn't want to have to check his credit card bills. But six months ago, he discovered that by clicking on a coupon on Ticketmaster, his wife had unintentionally subscribed to monthly charges on their credit card.</p>
<p>“These guys messed with the wrong guy,” Mr. Samid said, perhaps only partially joking--his BillGuard co-founder <strong>Raphael Ouzon</strong> <em>did </em>previously work for <a href="http://betabeat.com/2011/08/israeli-start-ups-skip-the-valley-go-direct-to-new-york/">Israeli military intelligence units</a>.</p>
<p>Mr. Samid told Betabeat that his experience with the mentoring process was incredibly helpful because their company is not a traditional FinTech business.</p>
<p>“We are a bunch of mathematicians and data scientists who have a lot of experience in the consumer web space,” he said, adding that the process taught them “what not to do” when pitching to banking clients.</p>
<p>In the upcoming months, BillGuard will also be expanding into phone bills so users don’t have to scan through their teenage monster’s five million daily texts to find fraudulent charges.</p>
<p><strong>Renee Lorton*</strong>, the CEO of <a href="http://www.centrifugesystems.com/index.php">Centrifuge</a>, began her company’s demo “with a little mystery,” proceeding to show the crowd a very Discovery Channel-esque intro video to her product. Centrifuge finds relationships and patterns in Big Data and was initially used for cybercrime and terrorist network detection.</p>
<p>“Imagine if Sherlock Holmes could have had us in his bag of tricks,” she giggled.</p>
<p><a href="http://www.eidosearch.com/">EidoSearch</a> also helps users uncover patterns, though through a search engine format. For example, <strong>David Kedmey</strong>, EidoSearch’s president and cofounder, explained that financial analysts could search to find historical examples of volatility spikes to compare to current spikes in volatility. He compared the technology to that used by Pandora to create playlists based on the mechanics of a single song.</p>
<p>“What the [FinTech Innovation Lab] has really helped us to do is… get a direction on the next steps on how to translate our capabilities into something that banks could use,” <strong>Jack Hoppe</strong>, EidioSearch’s Director of Operations, told Betabeat<em>.</em></p>
<p><a href="http://www.digitalreasoning.com/">Digital Reasoning</a>, a company that helps digitize the processing of unstructured data and is also working with a number of U.S. Government agencies, also demoed during the event.</p>
<p>Sadly, Mr. Dimon never showed--even in dapper avatar form.</p>
<p><em>*Update: Ms. Lorton's name was originally misspelled. Betabeat regrets the error. </em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_55107" class="wp-caption alignleft" style="width: 310px"><a href="http://www.trueoffice.com/img/screenOne.jpg"><img class="size-medium wp-image-55107" title="screenOne" src="http://nyobetabeat.files.wordpress.com/2012/07/screenone.jpeg?w=300" alt="" width="300" height="225" /></a><p class="wp-caption-text">(Photo: True Office)</p></div></p>
<p>“That’s not Jamie Dimon,” joked <strong>Adam Sodowick</strong>, founder and CEO of <a href="http://www.trueoffice.com/">True Office</a>, as an avatar in his game walked onto the screen. However, Mr. Dimon’s employer, J.P. Morgan, was one of the 12 banks that mentored the <a href="http://www.fintechinnovationlab.com/">FinTech Innovation Lab</a> participants who demoed their products to potential investors and senior executives in the financial industry Wednesday morning at Credit Suisse. (Duh, "FinTech" stands for Financial Tech--get in the game!)</p>
<p>True Office was one of six companies who participated in the three-month long mentoring process, during which these FinTech entrepreneurs presented their products to and received guidance from key executives in the banking industry. True Office is a mobile game that allows companies to conduct more interesting and engaging compliance training.</p>
<p>“This is a very large and deeply unsexy market,” Mr. Sodowick said about compliance training. “It is akin to getting a flu shot.” But TrueOffice makes the training a game, arguably incentivizing users to pay attention and learn from the process. People may even end up reading the company's policies, where they would inevitably learn that it is, in fact, unethical to lie about your <a href="http://betabeat.com/2012/05/scott-thompson-out-at-yahoo/">Computer Science degree</a>.</p>
<p><!--more-->Another FinTech Lab graduate, <a href="https://www.billguard.com/">BillGuard</a>, helps users uncover fraudulent credit card charges and get their money back in an efficient manner. <strong>Yaron Samid</strong>, the founder and CEO of BillGuard, said that the company arose out of his laziness: he simply didn't want to have to check his credit card bills. But six months ago, he discovered that by clicking on a coupon on Ticketmaster, his wife had unintentionally subscribed to monthly charges on their credit card.</p>
<p>“These guys messed with the wrong guy,” Mr. Samid said, perhaps only partially joking--his BillGuard co-founder <strong>Raphael Ouzon</strong> <em>did </em>previously work for <a href="http://betabeat.com/2011/08/israeli-start-ups-skip-the-valley-go-direct-to-new-york/">Israeli military intelligence units</a>.</p>
<p>Mr. Samid told Betabeat that his experience with the mentoring process was incredibly helpful because their company is not a traditional FinTech business.</p>
<p>“We are a bunch of mathematicians and data scientists who have a lot of experience in the consumer web space,” he said, adding that the process taught them “what not to do” when pitching to banking clients.</p>
<p>In the upcoming months, BillGuard will also be expanding into phone bills so users don’t have to scan through their teenage monster’s five million daily texts to find fraudulent charges.</p>
<p><strong>Renee Lorton*</strong>, the CEO of <a href="http://www.centrifugesystems.com/index.php">Centrifuge</a>, began her company’s demo “with a little mystery,” proceeding to show the crowd a very Discovery Channel-esque intro video to her product. Centrifuge finds relationships and patterns in Big Data and was initially used for cybercrime and terrorist network detection.</p>
<p>“Imagine if Sherlock Holmes could have had us in his bag of tricks,” she giggled.</p>
<p><a href="http://www.eidosearch.com/">EidoSearch</a> also helps users uncover patterns, though through a search engine format. For example, <strong>David Kedmey</strong>, EidoSearch’s president and cofounder, explained that financial analysts could search to find historical examples of volatility spikes to compare to current spikes in volatility. He compared the technology to that used by Pandora to create playlists based on the mechanics of a single song.</p>
<p>“What the [FinTech Innovation Lab] has really helped us to do is… get a direction on the next steps on how to translate our capabilities into something that banks could use,” <strong>Jack Hoppe</strong>, EidioSearch’s Director of Operations, told Betabeat<em>.</em></p>
<p><a href="http://www.digitalreasoning.com/">Digital Reasoning</a>, a company that helps digitize the processing of unstructured data and is also working with a number of U.S. Government agencies, also demoed during the event.</p>
<p>Sadly, Mr. Dimon never showed--even in dapper avatar form.</p>
<p><em>*Update: Ms. Lorton's name was originally misspelled. Betabeat regrets the error. </em></p>
]]></content:encoded>
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		<title>Disruptors Got Legs! Disrupt Alum BillGuard Raises $10 M.</title>

		<comments>http://betabeat.com/2011/10/disruptors-got-legs-disrupt-alum-billguard-raises-10-m/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 10:45:23 -0400</pubDate>
					<link>http://betabeat.com/2011/10/disruptors-got-legs-disrupt-alum-billguard-raises-10-m/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=19592</guid>
		<description><![CDATA[<p><div id="attachment_19604" class="wp-caption alignleft" style="width: 310px"><img class="size-full wp-image-19604" title="billguard-yaron-samid-300x300" src="http://nyobetabeat.files.wordpress.com/2011/10/billguard-yaron-samid-300x300.jpg" alt="" width="300" height="300" /><p class="wp-caption-text">Mr. Samid.</p></div></p>
<p><a href="http://BillGuard.com">BillGuard</a> is only half-New Yorker--CEOYaron Samidis based in "New York and Tel Aviv." But the company, which combs your online statements for fraud and frivolous charges, garnered 10,000 sign-ups in a matter of days after launching in May at TechCrunch Disrupt. They discovered fraud on 20 percent of the new users' bills, and a $6,000 erroneous charge on one wealthy individual's card.<!--more--></p>
<p>Now they're announcing a $10 million Series B led by <a href="http://www.khoslaventures.com/khosla/default.html" target="_blank">Khosla Ventures</a>, with participation from Peter Thiel’s <a href="http://www.foundersfund.com/" target="_blank">Founders Fund</a>, Eric Schmidt’s <a href="http://innovationendeavors.com/" target="_blank">Innovation Endeavors</a> and existing investors <a href="http://www.bvp.com/" target="_blank">Bessemer Venture Partners</a> and <a href="http://www.iaventures.com/" target="_blank">IA Ventures</a>.</p>
<p>The raise makes us think of other companies we ran into at that conference: Dispatch.io, a hackathon finalist now in TechStars; and Joinable, a hackathon honorable mention that is now defunct but whose founders also got into TechStars.</p>
<p>And we must mention that Skype acquired TechCrunch Disrupt hackathon winner GroupMe, for $85 million.</p>
<p>It's also where we met Sonar.me, who we haven't heard much from in a while, and Getaround, which has a few competitors now but has at least enough adoption to merit a <em>Wall Street Journal </em>mention last week. But dozens of companies make it onto the stage at TechCrunch--it's hard to remember anyone but the rockstars, creating the impression that Disrupt makes a company go big.</p>
<p>(Full list of investors <a href="http://www.billguard.com/team#investors" target="_blank">here</a>.) The funding will be used to accelerate growth and support marketing, business development, sales and R&amp;D expansion, said a press release. "Since launching in May, BillGuard has saved consumers nearly $500,000 in refundable charges, and found unwanted and unauthorized charges for nearly 20 percent of its users."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_19604" class="wp-caption alignleft" style="width: 310px"><img class="size-full wp-image-19604" title="billguard-yaron-samid-300x300" src="http://nyobetabeat.files.wordpress.com/2011/10/billguard-yaron-samid-300x300.jpg" alt="" width="300" height="300" /><p class="wp-caption-text">Mr. Samid.</p></div></p>
<p><a href="http://BillGuard.com">BillGuard</a> is only half-New Yorker--CEOYaron Samidis based in "New York and Tel Aviv." But the company, which combs your online statements for fraud and frivolous charges, garnered 10,000 sign-ups in a matter of days after launching in May at TechCrunch Disrupt. They discovered fraud on 20 percent of the new users' bills, and a $6,000 erroneous charge on one wealthy individual's card.<!--more--></p>
<p>Now they're announcing a $10 million Series B led by <a href="http://www.khoslaventures.com/khosla/default.html" target="_blank">Khosla Ventures</a>, with participation from Peter Thiel’s <a href="http://www.foundersfund.com/" target="_blank">Founders Fund</a>, Eric Schmidt’s <a href="http://innovationendeavors.com/" target="_blank">Innovation Endeavors</a> and existing investors <a href="http://www.bvp.com/" target="_blank">Bessemer Venture Partners</a> and <a href="http://www.iaventures.com/" target="_blank">IA Ventures</a>.</p>
<p>The raise makes us think of other companies we ran into at that conference: Dispatch.io, a hackathon finalist now in TechStars; and Joinable, a hackathon honorable mention that is now defunct but whose founders also got into TechStars.</p>
<p>And we must mention that Skype acquired TechCrunch Disrupt hackathon winner GroupMe, for $85 million.</p>
<p>It's also where we met Sonar.me, who we haven't heard much from in a while, and Getaround, which has a few competitors now but has at least enough adoption to merit a <em>Wall Street Journal </em>mention last week. But dozens of companies make it onto the stage at TechCrunch--it's hard to remember anyone but the rockstars, creating the impression that Disrupt makes a company go big.</p>
<p>(Full list of investors <a href="http://www.billguard.com/team#investors" target="_blank">here</a>.) The funding will be used to accelerate growth and support marketing, business development, sales and R&amp;D expansion, said a press release. "Since launching in May, BillGuard has saved consumers nearly $500,000 in refundable charges, and found unwanted and unauthorized charges for nearly 20 percent of its users."</p>
]]></content:encoded>
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		<title>GetAround, An AirBnB for Cars, Wins TechCrunch Disrupt NY</title>

		<comments>http://betabeat.com/2011/05/getaround-an-airbnb-for-cars-wins-techcrunch-disrupt-ny/#comments</comments>
		<pubDate>Wed, 25 May 2011 19:37:10 -0400</pubDate>
					<link>http://betabeat.com/2011/05/getaround-an-airbnb-for-cars-wins-techcrunch-disrupt-ny/</link>
			<dc:creator>Ben Popper</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=8209</guid>
		<description><![CDATA[<p><img class="alignleft size-medium wp-image-8213" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="getaround" src="http://nyobetabeat.files.wordpress.com/2011/05/getaround.jpg?w=186&h=300" alt="" width="186" height="300" />The only startup to drive up to the stage, <a href="http://www.getaround.com/">GetAround</a>, is the winner of this week's mega conference.</p>
<p>The two New York start-ups involved in the finals, Sonar and BillGuard, shared the second place runner up slot.</p>
<p><a href="http://techcrunch.com/2011/05/25/and-the-winner-of-techcrunch-disrupt-nyc-is-getaround/">GetAround lets users put their car up for rent</a>, then provides insurance and turns users iphone into the key.</p>
<p>Betabeat's intrepid Adrianne Jeffries will be hitting the party scene tonight. Let her know where the action is.</p>
<p><!--more--></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-8213" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="getaround" src="http://nyobetabeat.files.wordpress.com/2011/05/getaround.jpg?w=186&h=300" alt="" width="186" height="300" />The only startup to drive up to the stage, <a href="http://www.getaround.com/">GetAround</a>, is the winner of this week's mega conference.</p>
<p>The two New York start-ups involved in the finals, Sonar and BillGuard, shared the second place runner up slot.</p>
<p><a href="http://techcrunch.com/2011/05/25/and-the-winner-of-techcrunch-disrupt-nyc-is-getaround/">GetAround lets users put their car up for rent</a>, then provides insurance and turns users iphone into the key.</p>
<p>Betabeat's intrepid Adrianne Jeffries will be hitting the party scene tonight. Let her know where the action is.</p>
<p><!--more--></p>
]]></content:encoded>
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		<title>How Many Users Has Sonar.me Signed Up Since Demo at Disrupt?</title>

		<comments>http://betabeat.com/2011/05/how-many-users-has-sonar-me-signed-up-since-demo-at-disrupt/#comments</comments>
		<pubDate>Wed, 25 May 2011 15:52:12 -0400</pubDate>
					<link>http://betabeat.com/2011/05/how-many-users-has-sonar-me-signed-up-since-demo-at-disrupt/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=8168</guid>
		<description><![CDATA[<p><div id="attachment_8170" class="wp-caption alignleft" style="width: 132px"><img class="size-full wp-image-8170" title="brett sonar" src="http://nyobetabeat.files.wordpress.com/2011/05/brett-sonar.jpg" alt="" width="122" height="122" /><p class="wp-caption-text">Sonar.me founder Brett Martin</p></div></p>
<p>"Thousands," <a href="http://sonar.me">Sonar.me</a> co-founder Brett Martin said via Twitter. "Life is good." Sonar--a mobile app that shows you how you're connected to other people in the room--is one of the six finalists for TechCrunch's Battlefield competition this afternoon, along with fellow New York/Israeli start-up <a href="http://billguard.com">BillGuard</a>, which monitors credit and debit cards for hidden charges, billing errors, forgotten subscriptions and fraud.</p>
<p>There are two finalists from San Francisco (ccLoop and Getaround), one from New York (Sonar), one from New York/Israel (BillGuard), one from just Israel (Doat), and one from New Orleans (InvoiceASAP).</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_8170" class="wp-caption alignleft" style="width: 132px"><img class="size-full wp-image-8170" title="brett sonar" src="http://nyobetabeat.files.wordpress.com/2011/05/brett-sonar.jpg" alt="" width="122" height="122" /><p class="wp-caption-text">Sonar.me founder Brett Martin</p></div></p>
<p>"Thousands," <a href="http://sonar.me">Sonar.me</a> co-founder Brett Martin said via Twitter. "Life is good." Sonar--a mobile app that shows you how you're connected to other people in the room--is one of the six finalists for TechCrunch's Battlefield competition this afternoon, along with fellow New York/Israeli start-up <a href="http://billguard.com">BillGuard</a>, which monitors credit and debit cards for hidden charges, billing errors, forgotten subscriptions and fraud.</p>
<p>There are two finalists from San Francisco (ccLoop and Getaround), one from New York (Sonar), one from New York/Israel (BillGuard), one from just Israel (Doat), and one from New Orleans (InvoiceASAP).</p>
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