REDWOOD CITY, CA--(Marketwired - Jul 2, 2013) - Yodlee, the recognized platform for enabling financial innovation, today expands its international reach by partnering with BlueChilli, a Sydney-based technology startup incubator. The partnership extends access of Yodlee Interactive's unique cross-platform Application Program Interface (API) to BlueChilli members, providing them with secure access to over 12,000 global financial data sources, enabling them to continue to innovate through personalized digital financial solutions.
Over the past year, Yodlee Interactive has seen tremendous international growth, with over 20 percent of its customer base located outside of the United States. Its strategic partnership with BlueChilli provides access to a secure, flexible API that connects consumers' financial accounts such as cards, investments, loans, bills, and rewards, to innovative online and mobile services. Since launching in 2011, BlueChilli has invested in 30 companies and plans to finance 70 more by 2016. One of these companies is Moneysoft Limited, delivering one of Australia's first and independently owned - personal finance management tools, which is also supported and incubated by Yodlee Interactive.
"We are very happy to partner with Yodlee Interactive and offer our startups even more resources to accelerate their success," says Catherine Eibner, Lead Startup Advisor at BlueChilli. "We put an emphasis on mentorship, by working with our startups for two years -- much longer than most incubators. Our goal is to help these early-stage companies along each step of their development by offering them the best tools and resources to maximize success. With Yodlee Interactive's platform, our members gain the ability to add rich financial-related features to their products."
"We are committed to helping drive innovation in the fintech space and our increasing international reach is just one step towards this end," says Jason O'Shaughnessy, Vice President of Yodlee Interactive. "We are excited to work with BlueChilli and offer their startups distribution across our channels, as well as financial data that will position their products for success."
Yodlee Interactive now offers its platform to customers across five continents. Today's news marks Yodlee Interactive's second international incubator partnership in just three months. In April, Yodlee Interactive partnered with the U.K.'s largest fintech incubator, Level39.
About Yodlee & Yodlee Interactive
Yodlee is the platform for financial innovation. More than 600 companies globally, including 7 of the top 10 US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. Leveraging the industry's largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions -- anywhere, anytime, on any device.
Yodlee Interactive is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, and developers building digital financial apps and services. As the architects of a new digital ecosystem, Yodlee Interactive optimizes the wisdom of the financial technology crowd to create, catalyze, and distribute innovations faster through an open and secure data API. Used by hundreds of companies, both small and large, Yodlee Interactive is the horsepower behind today's coolest and most personalized digital experiences.
Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.
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