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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.