posted at 19:00
Author: Jordan Novet
Tue, 01 Jul 2014 01:50:57 +0000
Yodlee files for a $75M public offering
Yodlee, a company with cloud-based financial-services software for banks and other finance companies, began the process of going public today. The company aims to raise $75 million in an initial public offering, according to the S-1 document Yodlee filed today with the U.S. Securities and Exchange Commission. The company will be the latest cloud software company to head for public markets. At one point, Yodlee served up data for Mint before Intuit bought Mint. Last year Yodlee launched Active Commerce Exchange, a bevy of applications that banks can plug in. With the exception of 2010, Yodlee has taken a loss every year since it started in 1999. Last year Yodlee reported a $1.18 million net loss on $70.1 million in revenue. Yodlee, based in Redwood City, Calif., had 780 full-time employees as of March 31.

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