Y Combinator And Yodlee Team Up To Give Startups Access To Financial Data
Startup incubator Y Combinator has announced this morning that it is partnering with Yodlee, the provider of personal financial management an payments data to give the incubator’s startups access to Yodlee’s technology.
While Yodlee’s technology is used in a vast number of financial-focused startups, it is probably most well known for powering Mint.com’s core technology of aggregating account information from banks and credit card companies. For example, if you log into your bankâ€™s website and they offer you the ability to aggregate accounts from other banks and financial institutions, Yodlee powers this technology.
With the new partnership, companies in each Y Combinator funded class will be able to tap into Yodlee’s firehose of financial account and transaction data through the platform. Four Y-Combinator-funded startups, Indinero, WePay, FutureAdvisor, and ReadyForZero; are already using Yodlee’s technologies.
With the growing number of startups helping disrupt the personal finance and banking space, a partnership with Yodlee makes sense.
- With Top Banks In Tow, Financial Service Provider Yodlee Hits 30 Million Users
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- Paul Graham: Total Value Of Y Combinator-Funded Startups Is $4.7 Billion
- 90% of Y Combinator Startups Have Already Accepted The $150k Start Fund Offer
- Y Combinator Accepts Record 60+ New Startups For Summer 2011