Yodlee
Encyclopedia
Yodlee is an American software company that develops an account aggregation
service that allows users to see their credit card, bank, investment, email, travel reward accounts, etc. on one screen. In addition, Yodlee MoneyCenter, a free web application that helps consumers manage their finances online, provides features such as bill payment, expense tracking, and investment management (similar to personal finance services provided by Intuit's Quicken
). Yodlee's Privacy Policy FAQ references Yodlee as a licensee of the TRUSTe Privacy Program.
As of 2011, Yodlee has over 30 million users, and over 150 financial institutions and portals (including 5 of the top 10 U.S. banks) offer services powered by Yodlee. Yodlee's aggregation engine powers several applications for partners, including websites like Money Dashboard, MoneyStrand
, Thrive
, and several large banks and financial institutions.
In 2010, Yodlee partnered with Y Combinator
, providing its financial services platforms to all Y Combinator-funded companies.
(a professor at the University of California, San Diego
); Sam Inala, Ramakrishna "Schwark" Satyavolu, Srihari Sampath Kumar (all earlier at Microsoft); Sukhinder Singh (earlier at Amazon.com and Junglee); and P Sreeranga Rajan (a researcher at Fujitsu Labs and at that time also a researcher at Stanford Research Institute).
Yodlee started operations (and is headquartered) in Redwood Shores, CA in the United States. It also has offices in the United Kingdom, and in Bangalore, India.
By 2010 Yodlee was said to have raised at least $116 million over its 10-year lifespan. In a press release in June 2008, it was announced that Bank of America led a $35 million financing and existing Yodlee investors, including its largest shareholder Warburg Pincus
along with Accel Partners
and Institutional Venture Partners
also participated in the financing round.
Account aggregation
Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place...
service that allows users to see their credit card, bank, investment, email, travel reward accounts, etc. on one screen. In addition, Yodlee MoneyCenter, a free web application that helps consumers manage their finances online, provides features such as bill payment, expense tracking, and investment management (similar to personal finance services provided by Intuit's Quicken
Quicken
Quicken is a personal finance management tool developed by Intuit, Inc.Quicken runs on Windows and Macintosh systems. Previous versions ran on DOS. An online version is also available. The last version of Quicken for Macintosh computers was Quicken Essentials for Mac released in February 2010...
). Yodlee's Privacy Policy FAQ references Yodlee as a licensee of the TRUSTe Privacy Program.
As of 2011, Yodlee has over 30 million users, and over 150 financial institutions and portals (including 5 of the top 10 U.S. banks) offer services powered by Yodlee. Yodlee's aggregation engine powers several applications for partners, including websites like Money Dashboard, MoneyStrand
Strands
Strands Labs, Inc. is a startup company, founded in early 2004 by Dr. Francisco Martin and Dr. Marc Torrens. Strands is headquartered in San Francisco, California, U.S. and currently operates further offices in Corvallis, Oregon, USA...
, Thrive
Thrive (website)
Thrive or Justthrive.com, was a free, web-based personal financial management application offering personalized financial advice and specifically targeting people in their 20's and 30's...
, and several large banks and financial institutions.
In 2010, Yodlee partnered with Y Combinator
Y Combinator
Y Combinator is an American seed-stage startup funding firm, started in March 2005. Y Combinator provides seed money, advice, and connections at two 3-month programs per year...
, providing its financial services platforms to all Y Combinator-funded companies.
Origins and history
Yodlee was started in 1999 by Venkat RanganVenkat Rangan
P. Venkat Rangan is an academician and entrepreneur. He is the current vice chancellor of Amrita University. A pioneer of research in Multimedia Systems, he was the founder and director of the Multimedia Laboratory at the University of California, San Diego, where he served as a Professor of...
(a professor at the University of California, San Diego
University of California, San Diego
The University of California, San Diego, commonly known as UCSD or UC San Diego, is a public research university located in the La Jolla neighborhood of San Diego, California, United States...
); Sam Inala, Ramakrishna "Schwark" Satyavolu, Srihari Sampath Kumar (all earlier at Microsoft); Sukhinder Singh (earlier at Amazon.com and Junglee); and P Sreeranga Rajan (a researcher at Fujitsu Labs and at that time also a researcher at Stanford Research Institute).
Yodlee started operations (and is headquartered) in Redwood Shores, CA in the United States. It also has offices in the United Kingdom, and in Bangalore, India.
By 2010 Yodlee was said to have raised at least $116 million over its 10-year lifespan. In a press release in June 2008, it was announced that Bank of America led a $35 million financing and existing Yodlee investors, including its largest shareholder Warburg Pincus
Warburg Pincus
Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
along with Accel Partners
Accel Partners
Accel Partners is a global venture and growth equity firm funding companies from inception through the growth stage.The firm is based in Palo Alto, California with major offices in Bangalore, Beijing, London, and Shanghai....
and Institutional Venture Partners
Institutional Venture Partners
Institutional Venture Partners is a US based private equity investment firm focusing on later-stage venture capital and growth equity investments. IVP is one of the oldest venture capital firms on Sand Hill Road founded by Reid W...
also participated in the financing round.
Awards
- Winner 2009 Red Herring 100
- 2004 Webby AwardsWebby AwardsA Webby Award is an international award presented annually by The International Academy of Digital Arts and Sciences for excellence on the Internet with categories in websites, interactive advertising, online film and video, and mobile....
Nominee for Financial Services - 2002 Webby AwardsWebby AwardsA Webby Award is an international award presented annually by The International Academy of Digital Arts and Sciences for excellence on the Internet with categories in websites, interactive advertising, online film and video, and mobile....
Nominee for Financial Services