SAN FRANCISCO, March 30, 2011 /PRNewswire/ -- Enloop today announced that it has been selected to participate at FinovateSpring 2011, May 10-11 at the Concourse Exhibition Center in San Francisco.
FinovateSpring is a two-day showcase of more than 60 cutting-edge financial and banking technology innovations from leading established companies and hot new startups. The event features a mix of short, fast-paced demos from handpicked financial technology companies and intimate networking time with each demoing company's top executives. This will mark Enloop's first year of participation in the Finovate Conference Series.
Enloop is the only online solution that automatically generates bank-ready business plans for free, while providing immediate feedback to the user for the business' potential for success. As an online service, anyone can use Enloop's tools to evaluate the potential for success of any small- and mid-sized (SMB) business through a powerful predictive scoring algorithm. By simply completing an online form, Enloop automatically generates a customized business plan and performance score for the user, with complete text, financial forecasts and ratio analysis prepared on-the-fly, ready to present to financial institutions. Enloop's tools assist small business entrepreneurs who are starting or currently managing a business.
"We are excited to have Enloop showcase their innovative business plan solution to more than 600 leading financial executives, VCs, analysts and entrepreneurs at FinovateSpring this year," said Eric Mattson, The Finovate Group CEO. "Planning tools for small businesses and the financial institutions that serve them is an area in need of serious innovation."
"Until now, small business owners and entrepreneurs have had no method to quantifiably vet business ideas, predict business success, automatically write a business plan and get funded," said Cynthia McCahon, founder and CEO. "Enloop was created to solve this problem and is the only solution that provides an indication of whether the business might succeed. And it's free for anyone to use."
Enloop is the only online solution that automatically generates bank-ready business plans for free, while providing immediate feedback to the user for the business' potential for success. Enloop is positioned to become the de facto hub for planning and managing small businesses by providing vital services while serving as an essential link or "loop" between small businesses and B2B companies that serve this audience. More information can be found at www.enloop.com.
About The Finovate Group
Founded in 2007, Finovate is a series of unique conferences that showcases the best new innovations in financial and banking technology via short, fast-paced demos and high-quality networking. The Finovate Group is a boutique research firm focused on innovation in financial and banking technology. It runs the Finovate Conference Series – a series of unique conferences that showcase the best new innovations in financial and banking technology – and publishes the leading Fintech research newsletter Online Banking Report and authors the popular NetBanker blog.
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