Yodlee Interactive Now Powers Financial Data For 300 Apps and Businesses; On Pace to Surpass 500 in 2013

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Company also announces four new startups to its incubator program with access to its secure API: FairLoan, Glyph, Planwise, and Prime Student Loan.

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Yodlee, the proven platform for facilitating financial innovation, today announced key milestones for its Yodlee Interactive business. With hot companies like Xero, Credit Karma, and LearnVest relying on Yodlee Interactive for secure access to financial data, the Yodlee Interactive business is now servicing millions of consumers and more than 300 companies and the applications they have built – a number Yodlee Interactive expects to grow to 500 this year.

Yodlee Interactive is also experiencing extraordinary international growth, with 20 percent of its customer base located outside of the United States. The company powers two of the fast-growing start-ups that were showcased at this year’s Finovate Europe: EZBOB and FreeAgent, as well as OnTrees, which was the U.K.’s #1 financial app in February.

Yodlee Interactive’s Application Programming Interface (API) provides secure access to users’ financial accounts, (i.e. banks, cards, investments, loans, bills, and rewards), delivering third party access to data from tens of thousands of financial institutions, including 99 percent of all U.S. financial accounts.

With the company’s platform exploding, Yodlee Interactive is also announcing the newest batch of startups welcomed into its API incubator program: FairLoan, Glyph, Planwise, and Prime Student Loan. Each company is benefiting users in an innovative way:

  • FairLoan was founded to bring transparent, affordable and fair credit opportunities to the over 70 million Americans with limited access to credit.
  • Glyph recently launched its brand-new web app and updated iOS app, which provide smart spending recommendations in order to maximize credit card rewards and improve a user’s overall credit score.
  • Planwise offers an app that lets consumers see visualizations of their financial outlooks, to determine how spending decisions affect the present and future, and allows them to ultimately take control of their finances and save money.
  • Prime Student Loan focuses on refinancing existing student loan debt for qualified borrowers to pursue its goal of bringing fair and logical credit diligence to the student loan market.

“This past year has been monumental for Yodlee Interactive, with growth across all 30 of our company’s verticals,” says Joe Polverari, General Manager of Yodlee Interactive. “As we continue to provide brilliant developers with access to valuable finance data and mass distribution, we think 2013 will be our most innovative and successful year yet.”

The impressive growth of Yodlee Interactive’s API platform is shown in the success of the apps and services it supports. Some examples include Xero, Credit Karma, Braintree, miiCard, LearnVest, Kabbage, Outright, ReadyforZero, Manilla, Swift Capital, and Stockr.

“Integrating Yodlee Interactive’s API with our accounting software has taken our business to the next level and we can now better serve our customers across the globe,” says Rod Drury, CEO of Xero, a company with its business doubling annually, with more than 135,000 customers for its small business accounting software.

“Yodlee Interactive’s technology allows us to innovate in the field of financial planning and uphold our company’s goal of making financial planning accessible and affordable to everyone," says Alexa von Tobel, Founder and CEO of LearnVest and its affiliate, LearnVest Planning.

“The ability to quickly and securely import bank data is one of the biggest feature requests from our small business and freelance users. This integration – enabled through Yodlee – is a huge leap forward for FreeAgent, making it easier for all of our users around the world to manage their business accounts,” said Ed Molyneux, CEO and co-founder of FreeAgent.

To become a Yodlee Interactive API partner or developer, please visit the developer page on the company’s website: http://www.yodlee.com/developers-and-alliances/.

About Yodlee & Yodlee Interactive

Yodlee is the platform for financial innovation. More than 600 companies globally, including 7 of the top 10 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.

Yodlee Interactive is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, and developers to build digital financial apps and services. 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.

Yodlee is headquartered in Redwood City, California. For more information, visit http://www.yodlee.com.

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Kayvan Farzaneh
VSCpr for Yodlee Interactive
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Karim Bhalwani
Yodlee
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