Yodlee Eyes $75 Million from Planned IPO (July 1, 2014)
Financial app development pioneer Yodlee Inc. is ready to go public, 15 years after it launched amid the dotcom boom. The Redwood City, Calif.-based company has filed an S-1 with the SEC, detailing plans for an IPO the firm hopes will raise $75 million. Yodlee currently has 750 financial firm clients across more than 10 countries, including nine of the 15 largest U.S. banks. The company’s Yodlee Financial Cloud provides cloud-based software that enables clients to develop customer-facing financial apps. Between 2011 and 2013, the company’s revenue grew by nearly 30 percent, to $70.2 million.
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