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.