What Company Is Offering:
Yodlee’s proven personal financial management, payments, and customer acquisition solutions unify all personal financial account information to deliver a simple, centralized and secure way for consumers to manage all of their financial tasks – any time, anywhere. Yodlee makes financial institutions’ websites essential to their customers and generates new revenue opportunities. Over 100 leading financial institutions and portals today offer Yodlee-powered solutions to millions of customers worldwide.
How Much They Got From VCs:
Yodlee, Inc., today announced that Bank of America is the lead investor in Yodlee’s recent $35 million financing. Existing Yodlee investors, including Warburg Pincus, Accel Partners and Institutional Venture Partners also participated in the financing.
“We’re very bullish on Yodlee and its continued momentum with customers and partners,” said Pat Hackett, Managing Director, Warburg Pincus LLC, Yodlee’s largest shareholder.
Yodlee plans to use the proceeds of the financing to further accelerate and scale its sales, deployment and operational infrastructure for the company’s innovative online bill pay solutions and services.
More at:www.yodlee.com
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