06 December 2016
Visit aciworldwide.com

Dotcom survivor Yodlee files for IPO

01 July 2014  |  5636 views  |  1 NYSE 1

Dotcom boom survivor Yodlee is finally ready to go public, fifteen years after makingg its debut as a novel screen-scraping service for bank account aggregation.

The company, which counts 750 financial firms in over ten countries among its client base, says it hopes to raise $75 million from the IPO.

Although it survived the dotcom carnage, Yodlee has had only one profitable year in its 15-year history. For full-year 2013, the company posted a loss of $1.2 million and in Q1 2014 it was $0.6 million in the red on revenues of $16.7 million.

The flotation will go some way to rewarding Yodlee's biggest stakeholder Warburg Pincus (37%) for its perseverance over the years. Other shareholders include Accel Partners, Bank of America, Institutional Venture Partners and ACI Worldwide, which has a 13% stake.

Comments: (1)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 01 July, 2014, 11:31

Yodlee offers a great service which can be applied to many interesting use cases. Well done! Kudos for not giving up.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Yodlee partners incubators to catalyse fintech innovation

Yodlee partners incubators to catalyse fintech innovation

25 April 2014  |  6654 views  |  0 comments | 9 tweets | 7 linkedin
Yodlee sets up incubator and open API for digital finance start-ups

Yodlee sets up incubator and open API for digital finance start-ups

02 May 2012  |  7585 views  |  0 comments
Yodlee introduces FinApp store for developers

Yodlee introduces FinApp store for developers

23 February 2010  |  9262 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit aciworldwide.com

Who is commenting?

A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
6648 views 12 comments | 15 tweets | 26 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6305 views comments | 23 tweets | 15 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
6182 views comments | 17 tweets | 21 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
5991 views comments | 14 tweets | 15 linkedin
Big tech policy group calls on Trump to promote fintech innovationBig tech policy group calls on Trump to pr...
5379 views comments | 22 tweets | 11 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job