Ynext(TM) Launchpad Announces New Class of Future Fintech Disruptors as Part of Award-Winning Incubator
10 Novembre 2015 - 3:00PM
Ynext, the division of Yodlee, Inc. (NASDAQ:YDLE) that incubates,
delivers and commercializes new business opportunities for the
company, today announced its newest Incubator class. The company
will connect these startups with the resources and tools necessary
to take their ideas to market - including free access to the
company's award-winning APIs. Yodlee Interactive APIs are used by
financial technology industry leaders like WePay, Venmo, Coinbase,
OnDeck, and Kabbage to securely access transactional data.
In addition to full access to the Yodlee Interactive APIs, the
prestigious Ynext Incubator connects startups with funding,
technical support, strategic guidance, mentorship and marketing
support. Incubatees will also be invited to attend networking
events with the Ynext community of financial tech influencers to
connect with industry leaders, press, investors and more, enabling
them to grow their businesses.
This new class consists of startups across a range of
verticals:
- Datacoup is a personal data marketplace. Its platform allows
individuals to aggregate, see and sell their own personal
data.
- Hedgeable is the first private bank for millennials.
- Levanto is everyone's household CFO. Its next-gen financial
planning platform provides households with personal advice from a
real expert.
- ModernLend is an online lender that uses alternative data
metrics to identify creditworthy international citizens who cannot
access credit due to lack of a FICO score.
- Simplifier automatically categorizes credit card spending and
brings analytic insight to travel and expense management.
- SnapCheck's mission is to rid the world of paper checks, which
cost businesses $50B in fees and losses of $20B annually.
- Totum brings risk evaluation and portfolio solutions to
financial advisors - tools that were previously only accessible to
large institutions.
- Track automatically manages self-employment taxes, accounting
and finances for independent contractors. It also provides users
with a virtual assistant to help them run their business.
"Honestly, we were blown away by the quality and diversity of
the applicants for this year's class," said Joe Polverari, general
manager of Ynext and chief strategy and development officer of
Yodlee. "Being involved with such an impressive group of
entrepreneurs so focused on innovation is what we love."
Last May, Ynext Incubator's largest class graduated from the
program - consisting of Accredify, DRAFT, Evolved Bookkeeping,
Fidor US, OCX, Roostify, Telito and VOATZ. Already Roostify, a
company taking on the home loan industry, secured over $7 million
in the first tranche of its Series A funding. Meanwhile DRAFT, an
investment analysis tool, and VOATZ, a mobile voting app, were
selected as finalists in the BBVA Open Talent Competition.
"The Ynext Incubator has acted as a catalyst for our business -
allowing us to make better, more well-defined decisions," said
Herwig Gaston Konings, CEO of Accredify and graduate of the
program. "They've supported us with everything from product
implementation to branding and strategy. But what's more, the
Yodlee platform really elevates the experience for our
customers."
This class will be directed by Jeff Cain, who previously served
as Vice President of Rutberg & Co. Mentors in the Incubator
include Bryan Stolle of Mohr Davidow Ventures, Ben Narasin of
Canvas Venture Fund, Billy Robins of Zendesk, John Stewart of RBS,
John Balen of Canaan Partners, Erin Kapczynski of Purch and Peggy
Burke of 1185 Design.
To learn more about the Ynext Incubator, click here:
https://ynext.yodlee.com/launchpad/incubator
About Ynext
Ynext is the division of Yodlee, Inc. (NASDAQ:YDLE) that
incubates, delivers and commercializes new business opportunities
for the company. Through the Ynext Incubator, the company serves as
a launchpad to incubate and accelerate a select group of young
startups on the platform, providing the tools necessary to take
their ideas to market and be more successful faster. Ynext also
pioneers next-generation data programs through Ynext Data, which is
a financial big data and analytics platform that commercializes
Yodlee's comprehensive spending and behavioral insights, allowing
companies to make data-driven decisions and build stronger, more
profitable customer relationships.
Ynext and Yodlee (NASDAQ:YDLE) are headquartered in Redwood
City, California. For more information, visit
http://www.yodlee.com
CONTACT: Media Contact
VSC for Yodlee Interactive
Abbie Havern
abbie@vscpr.com
1-650-815-5050
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