29 July 2014

Yodlee raises $35m funding

04 June 2008  |  7595 views  |  0 cash

Yodlee, a US provider of online bill payment and account aggregation technology, has raised $35 million in a financing round led by Bank of America.

Existing Yodlee investors, including its largest shareholder Warburg Pincus along with Accel Partners and Institutional Venture Partners also participated in the financing round.

Anil Arora, president and CEO of Yodlee, says Bank of America’s participation in the financing "is a significant vote of confidence in Yodlee and its growth plans".

Bank of America used Yodlee technology to launch an online account aggregation service in 2001.

California-based Yodlee says it will use the proceeds of the new funding to expand deployment capabilities of its BillPay software and services and accelerate sales of the technology.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

17 October, 2006
08 June, 2005
19 April, 2004
23 September, 2003
05 February, 2003
17 September, 2002
24 July, 2001

Related company news

 
Your browser is unable to support Flash files.

Who is commenting?

Finextra Member Commented on: Are you losing sleep o...
Finextra Member Commented on: Brits back biometrics ...
Finextra Member Commented on: Brits back biometrics ...
Finextra Member Commented on: Brits back biometrics ...

Featured job

to £85k base, commission, benefits
London, UK

Find your next job