Archive for the 'BarCampBank' Category

LendingClub secures $10M in Series A

LendingClub just announced that it secured a Series A round of $10M from Canaan Partners and Norwest Venture Partners. Seems like things are really accelerating and VCs are pouring more and more money in new financial startups.

 We spotted LendingClub at BarCampBank a while back and put them on our Bank & Finance Watch site. Seems like we are going to live a rapid increase in the number of startups we’ll follow on our site and witness more and more funding for a selection of these.

FriendsClear is launching

FriendsClear is a new personal finance startup founded by Jean-Christophe Capelli, Nicolas Guillaume and Anthony de Anfrasio. In the new tradition of Web 2.0 startups (think Wesabe’s “Wheaties for your Wallet” for one glorious example, but many others as well), FriendsClear starts its public life under the form of a blog. Jean-Christophe is a good friend and one of the co-founders of BarCampBank. So what makes FriendsClear unique – beyond the tons of experience accumulated in its founding team – is that FriendsClear can be considered as the first startup incubated within BarCampBank borne to life. I wish all the success it deserves to FriendsClear and hope that this single child status will soon disappear with the arrival of many other siblings.

BarCampBankSeattle: wrong day to stop sniffing innovation

BarCampBankSeattle took place this week-end (July 21 & 22). While I wished so much being there, I did not manage to make the trip. So I followed the event from a distance, and I gladly saw that I was so misfortunate not being part of the event. You can read from William Azaroff, Ben Black, Gene BlishenTim McAlpineRobbie Wright, and others what an excitement this must have been. Congratulations again to Jesse Robbins for making this moment happen!

So, in this post, I won’t go into the details of all the awesome projects that could sprout from these two days; and I won’t try to imagine how cooperation over the coming months could happen online to carry all these projects to completion. I’ll just deliver this simple thought: I’m always amazed how gratifying this is to be exposed to intelligence and creativity.

With a strong biais toward evolution interpretation, I’m always looking at this organ, our brain, that consumes 20% of our energy, that is wired to discover patterns in the clouds, as a trait providing an evolutive competitive advantage. Today, I’ll only remark that this brain is also wired to deliver huge flows of dopamine when exposed to new intriguing ideas and when producing new ones. I can imagine the torrent of dopamine that must have been delivered this week-end in Seattle.

As a final personal, note : I may – if really necessary – be ready to stop drinking coffee, but inhaling intelligence and creativity, this is an addiction I hope I’ll never quit.

Radar O’Reilly & Mt Lehman Credit Union sponsor BarCampBankSeattle July 21, 22

Big names gather to make BarCampBankSeattle a success: on the sponsor and participant sides. Radar O’Reilly, Mt Lehman Credit Union have stepped in to sponsor the event. People from Wells Fargo, Wesabe, Trabian, the Open Money group,.. will be there to make the event a unique experience.

You still have time to register and come participate:

Will we soon see a BarCampBank happening in Australia?

Just discovered this post on The Bank Channel suggesting the idea of organizing a BarCampBank in Melbourne or Sydney. There will be soon a BarCampBank in Seattle on July 21 & 22, I think it will perfect sense to get contributions from the southern hemisphere as well. I hope that the idea will gather critical mass over there and that we will soon get access to the innovations that are cooking up in Australia.

Private Banking ready for disruption

Alex Osterwalder and the team at arvetica have just announced their new blog dedicated to the innovation in Private Banking. Alex and the team have been writing on subject for some time now on their company’s blog and you can then already find good content with a collection of their previous posts on this entirely new blog.

You can also find video material through The Bank Channel‘s post on Innovation in Private Banking . Behind good coordination, I see it as a sign that we may reach a point where a lot of ideas will emerge in the coming months on how Private Banking can be entirely disrupted. Of course, I hope to see a lot of these ideas shared within a workgroup in the BarCampBank.

A banking innovators forum

Just discovered James Gardner‘s latest idea of an innovators forum to help ideas sprout within financial organizations. As James noted, I think this could very well be complementary to what BarCampBank is trying to do.

In fact, BarCampBank is trying to incubate innovations from the outside of financial organizations. While some innovations may be smoothly re-integrated in time within current organizations, some could prove disruptive and create totally new organizations.

This innovators forum would aim at creating innovations from within. In my view, the unconference format could then prove very powerful to unleash innovative ideas and see the emergence of critical mass to change things rapidly.

The two are in fact very synergetic (a word M&A people like very much). I’m eager to see this forum start and look for opportunities of cooperation with BarCampBank.