Yodlee Goes from Award-Winning APIs to Market-Pleasing IPO

Yodlee Goes from Award-Winning APIs to Market-Pleasing IPO

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You’ll have to forgive us for thinking last Tuesday that winning one of the first FinDEVr awards would be the highlight of Yodlee’s week.

Yodlee’s much-anticiptaed initial public offering launched on Friday. With 6.25 million shares priced at $12, YDLE opened at $16.20 on the Nasdaq and rallied to a mid-day high of $17.97, before finishing the session at $13.44.

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Yodlee raised $75 million through the IPO. As part of the offering, underwriters have 30 days to purchase as much as 937,500 additional shares. The company has a market capitalization near $400 million.
Courtesy of TheStreet.com, here’s a video interview with Yodlee CEO Anil Arora discussing the company’s market debut.
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Yodlee leverages thousands of data points and its unique cloud platform to power a digital financial ecosystem of API, PFM, money movement, data and wealth management solutions that includes some of fintech’s most innovative companies, from BillGuard and LearnVest to Personal Capital and Xero. More than 750 organizations use Yodlee’s technology, reaching millions of consumers.
Yodlee was founded in 1999 and is headquartered in Redwood City, California. A multiple Finovate Best of Show winner (FinovateFall 2013, FinovateAsia 2014), Yodlee also won honors at FinDEVr San Francisco 2014. The company joins Q2 and Cachet Financial Solutions in going public this year, with Lending Club having filed for its IPO back in August.

Alumni News– October 6, 2014

  • Klarna partners with Digital River; brings Klarna Invoice’s online payment solutions to 7 European countries.
  • ACI Worldwide enters strategic partnership with Shaw Systems.
  • PayStand launches API to empower one-click payment acceptance of Bitcoin, eCheck and credit cards.
  • MasterCard teams up with Newgen to digitize Procure-to-Pay and Order-to-Cash services.
  • Infomilo lists 12 Finovate alums among its top 25 hottest fintech startups.
  • SmartyPig’s Social Money collaborates with TMG to provide prepaid payment options for millennials and underbanked.
  • Union Square FCU hires Insuritas to launch insurance agency.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– October 3, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinDEVr award winner Yodlee launches IPO; raises $75 million in Thursday debut.
  • It’s a wrap – FIS announces completed acquisition of Clear2Pay.
  • Boku partners with O2, EE, and Vodafone in bid to boost non-digital e-commerce.
  • Congratulations to the first FinDEVr award winners: Avoka, BehavioSec, PayPal, and Yodlee.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr San Francisco 2014: Award Winners

FinDEVr San Francisco 2014: Award Winners
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Q. What’s better than being one of the more than 400 industry professionals attending the very first FinDEVr conference this week?

A. Being one of the four companies to walk away with one of the very first FinDEVr awards, that’s what!

Four companies were selected as favorites by attendees here on Day 1 of FinDEVr San Francisco 2014. Attendees were challenged to choose between entertaining and informative presentations, exciting new technologies, and fascinating innovations that push the envelope of what is possible when commerce and science, technology and finance come together.

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Remember that FinDEVr continues tomorrow on Wednesday with a full, multi-track day of workshops, presentations, and networking. We’ll build on the momentum from Day One to bring you the latest in SDKs and APIs, tools and platforms, that are already paving the way to the fintech innovations of tomorrow. Visit our registration page today to grab a spot.
So without further ado, here are the favorite first-day presentations in alphabetical order:

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Avoka for its engagement platform that enables omni-channel account opening in 60 seconds.

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BehavioSec for its mature identification system that uses behaviour analytics to provide real-time security.
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PayPal & Braintree for its construction of new breeds of payment platforms, API standards, and identity systems.

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Yodlee for its Interactive APIs that provide authorized access to real-time data for customer accounts.


Notes on methodology:  

1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.     
2. Attendees were encouraged to note their favorites. At the end of the last demo, they chose their three favorites.    
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”  
4. The four companies appearing on the highest percentage of submitted ballots were awarded trophies.  

FinDEVr 2014: Yodlee Shows Interactive APIs, Looks at What’s Next for Developers

FinDEVr 2014: Yodlee Shows Interactive APIs, Looks at What’s Next for Developers
This post is part of our live coverage of FinDEVr San Francisco 2014.
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Yodlee announced its new Geolocation API and showed how developers can benefit from its entire library of Interactive APIs:


Demystifying the Yodlee Data
What is the Yodlee platform and what value do the Yodlee Interactive APIs open up to developers? What are the use cases and killer solutions built with the APIs, and what data does it enable? What is coming next for developers? We’ll cover categorization, wealth, and future enhancements.
Presenter: Joe Polverari (Chief Strategist & Dev. Officer, Yodlee; and Founder & GM, Yodlee Interactive) and Cheung Tam (Director API Product Management, Yodlee)
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About:
Yodlee Interactive is a driving force behind today’s FinDat revolution with APIs that empower entrepreneurs, partners, and developers to power the latest digital financial innovations around the world. Yodlee Interactive APIs support independent and partner FinApps by providing authorized access to real-time data for customers’ current bank, credit card, investment, and loan accounts, as well as bills, insurance, and rewards programs. Yodlee Interactive APIs are behind hundreds of today’s coolest and most personalized digital experiences, including Credit Karma, LearnVest, miiCard, PowerWallet, SavvyMoney, SelfWealth, Xero, and Wave.
Twitter: @YIDeveloper 

Yodlee Launches Solution to Help FIs Take Advantage of APIs

Yodlee Launches Solution to Help FIs Take Advantage of APIs
This post is part of our live coverage of FinovateFall 2014.
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Yodlee launched APInnovation:

“Application Programming Interfaces (APIs) are the rage, but if you’re a financial institution – or a company with complicated systems and data connections – then taking advantage of APIs can be daunting or even impossible. Yodlee is changing that with a single API and customized developer portal, built for each customer, and exposable to developers in a secure and compliant way. 
With the data, the API, and the tools to build and create, financial institutions are free to innovate with speed and agility. For example, enabling consumers to “invest their change” in stocks – a cool new idea, and a big win for institutions AND consumers.”
Presenting: John Bird, Product Marketing, Yodlee; Jon Petz, Product Evangelist, Yodlee; and Avi Lele, CEO, Stockpile
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Product Launch: September 2014
Metrics: Yodlee is a global financial technology leader with 750+ customers, 64 US patents, millions of users, and more than 900 employees worldwide. From leading financial institutions to Fortune 500 Internet companies to the coolest startups, Yodlee powers the services shaping today’s digital customer experiences.
Product distribution strategy: Direct to Business (B2B)
HQ: Redwood City, CA
Founded: February 1999
Website: yodlee.com
Twitter: @Yodlee

Alumni News– August 21, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker takes a look at the new Wells Fargo Startup Accelerator, with alums EyeVerify and Zumigo in the inaugural class.
  • Check out our first FinDEVr Preview, featuring Yodlee Interactive. Join Yodlee at FinDEVr in San Francisco this fall.
  • The Paypers spotlights BioCatch and the company’s cognitive science-based biometric technology. See BioCatch at FinovateFall in New York next month.
  • MasterCard partnership with Zimbabwe’s EcoCash designed to boost mobile money services in Africa. MasterCard is a presenter and sponsor of FinDEVr, the first fintech event for developers.
  • Taulia sees more than 350% growth in second quarter of 2014.
  • Mergermarket.com features AnchorID in latest report. See AnchorID’s live demo at FinovateFall in NYC.
  • GECU providing members with online and mobile digital banking services from Digital Insight.
  • PayNearMe partners with Systems & Methods to offer a way to pay child support in cash. Check out PayNearMe at FinDEVr.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr Preview: Yodlee Interactive

FinDEVr Preview: Yodlee Interactive
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In the weeks leading up to our inaugural FinDEVr conference, we’re taking a look at the more than 40 speakers who will be making presentations. Click here to see the full agenda.

First up is Yodlee Interactive. Yodlee was a presenter at the first Finovate event in 2007, and continues that tradition by being a big part of the inaugural FinDEVr. In addition to its keynote address, Yodlee will deliver three workshops on the second day (see below). 

For more information on FinDEVr, the first event for fintech developers, coming to San Francisco on September 30, visit FinDEVr here

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Yodlee is the platform for financial innovation. More than 600 companies globally, including seven of the top ten US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. 
Leveraging the industry’s largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.
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Yodlee Interactive is focused on making the Yodlee platform available everywhere that entrepreneurs, partners, and developers building digital financial apps and services can use to create value. As the architects of a new digital ecosystem, Yodlee Interactive optimizes the wisdom of the financial technology crowd to create, catalyze, and distribute innovations faster through an open and secure data API. 
Used by hundreds of companies, both small and large, Yodlee Interactive is the horsepower behind today’s coolest and most personalized digital experiences.
At FinDEVr, Yodlee Interactive will be giving a keynote address and will provide three workshops for builders. The titles, topics, and presenters for the keynote and workshops are below.
Keynote: Demystifying the Yodlee Data
What is the Yodlee platform and what value do the Yodlee Interactive APIs open up to developers?
 
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Joseph Polverari

Chief Strategy & Development Officer, Yodlee;
Founder & General Manager, Yodlee Interactive
Joe Polverari is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, developers building digital financial apps and services. 
Joe is a graduate of the Stanford Graduate School of Business Executive Program, holds a juries doctorate and degree in Economics from Santa Clara University.
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Cheung Tam

Director API Product Management, Yodlee
Previous to Yodlee, Cheung served as Senior Product Manager, Developer Platform at Intuit. Cheung is a technologist with advanced degrees in business and engineering and has over 15 years of development, product, and project management experience.
Workshop Session #1
How to Build an App with Financial Data: Hands on help from Yodlee Interactive and the hot app builders who are leading the charge.
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Anita Hayrapetian

Senior Solutions Engineer, Yodlee Interactive
Anita is a customer focused sales engineer with in-depth technical knowledge and superior presentation and interpersonal skills. Successfully developed and deployed more than 20 major projects including auction, e-commerce and ERP systems for global computer component re-sellers.
Session also features Cheung Tam and Guest Developers.

Workshop Session #2
Yodlee’s Instant Account Verification (IAV) API for Managing Risk and Fraud
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Lori Martel

Vice President, Platform Product Management, Yodlee
Session also features Jayasree Iyer and Guest Developers

Workshop Session #3
Supercharge your Apps with Wealth Data from Yodlee & Xignite
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Deviprasad Kocherry

Product Manager, Yodlee
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Al Chang

Chief Technical Officer, Xignite
Look forward to our next FinDEVr Preview featuring TD Ameritrade Institutional next week.

Alumni News– July 31, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgA discussion of “next gen PFM” at The Financial Brand features insights from Melanie Flanigan of Yodlee.
  • Xendpay announces mobile wallet service in Indonesia.
  • Wallaby for Samsung Gear 2 brings personal finance to the smart watch.
  • Grass Roots America deploys InComm’s Physical Fulfillment Solution to streamline physical and digital prepaid card delivery.
  • Payments provider MangoPay and Currency Cloud partner to offer better rates for international payments.
  • Herald Media explores how MoneyDesktop is contributing to the Utah business boom.
  • Infocomm Development Authority evaluating Tagit for accreditation to help it build capabilities and allow it to compete with big companies in bidding for government projects.
  • QuantConnect overhauls core backtesting technology to increase speed by 10x.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Seeking to Raise $75 Million, Yodlee Files for its Initial Public Offering

Seeking to Raise $75 Million, Yodlee Files for its Initial Public Offering

Thumbnail image for YodleeLogo2012.jpgEarlier this year, we were thrilled to announce the first company to go public as a Finovate alum, Q2.

This week we learn that another alum, Yodlee, is taking the IPO plunge, as well.
With a goal of raising $75 million, Yodlee has filed its S-1 with the Securities and Exchange Commission, indicating its intention to become a public entity.
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According to The Silicon Valley Business Journal, Yodlee plans to list on the Nasdaq stock exchange under the ticker symbol, YDLE.
Yodlee is one of the engines powering a variety of digital and mobile technologies in the fintech space, from digital wallets to PFM solutions. The company’s account aggregation abilities and vast collection of transactional data from consumers and businesses are widely sought after by startups and established companies alike.
A few metrics about Yodlee shared in the S-1:
  • More than 750 organizations in more than 10 countries use Yodlee’s platform
  • More than half of the 15 largest banks in the United States are Yodlee customers
  • More than 100 million end users reached by Yodlee technology via the company’s network of partners
  • More than 15 million paid users as of the March 31, 2014
  • Revenues in 2013 grew 21% to more than $70 million
  • Revenues during the first three months of 2014 grew 34% to more than $19 million
  • Net loss of $1.2 million for the year ended December 31, 2013
  • EBITDA of $4.7 million for the year ended December 31, 2013
  • EBITDA of $885,000 for the three months ending March 31, 2014
Yodlee is a three time Best of Show winner, having taken home trophies after demos at Finovate 2009, FinovateFall 2013, and FinovateAsia 2013. Founded in 1999 and headquartered in Redwood City, California, Yodlee recently announced partnerships with Startupbootcamp, 25fifteen, and Entrepreneurial Spark. Anil Arora is Yodlee’s president and CEO.

Alumni News– July 2, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSafetyPay announces partnership with Alpha Payments Cloud.
  • Reuters Insider interviews Igor Gonta, CEO of Market Prophit.
  • Q2 partners with Easy Solutions to bring multi-factor authentication to FIs.
  • Yodlee files for initial public offering; seeks to raise $75 million.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– April 25, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYodlee deepens ties to developer community, announces partnerships with Startupbootcamp, 25fifteen, and Entrepreneurial Spark.
  • PYMNTS.com features OnDot Systems’ “remote control credit card” technology. See them demo at FinovateSpring in San Jose.
  • New Jersey Natural Gas customers can now pay via Check mobile app.
  • Pymnts interviews The Currency Cloud CEO Michael Lavin.
  • InComm and Marketing Werks launch AFINITI Marketing Platform.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.