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Yodlee’s Ynext Unveils New Incubator Class


Ynext, the incubator program from Yodlee, announced its latest class. Featured among the eight startups is FinovateFall 2015 alum Hedgeable, the first private bank for millennials.

General manager of Ynext and chief strategy and development officer for Yodlee, Joe Polverari said his team was “blown away by the quality and diversity” of this year’s cohort, and that being involved with “such an impressive group of entrepreneurs so focused on innovation is what we love.”

Along with Hedgeable, the upcoming class includes:

As participants in the incubator, the startups will get 12 months’ access to Yodlee’s platform, a development team to help with API integration, mentorships from industry professionals, and activities in boot camps in the Silicon Valley area. Directing the class will be former Rutberg & Company vice president, Jeff Cain. Mohr Davidow Ventures, Canvas Venture Fund, Zendesk, RBS, Canaan Partners, Purch, and 1185 Design will provide mentors for the program.

Ynext is no stranger to Finovate alums. A trio of alums—Fidor US, DRAFT and Roostifygraduated from Ynext’s incubator class in May. Since then, Fidor has expanded to the U.K.; DRAFT made the finals of the BBVA Open Talent Competition; and Roostify raised more than $7 million in Series A funding and joined Wells Fargo’s accelerator.

Hedgeable was founded in 2009 and is headquartered in New York. Co-founders Michael Kane and Matthew Kane demoed NEXT, their wealth-management platform, at FinovateFall 2015.

Yodlee was acquired by Envestnet for more than $660 million, less than a year after going public. Based out of Redwood City, California, and founded in 1999, Yodlee is an alum of both Finovate and FinDEVr. Anil Arora is CEO.