Planwise to Participate in Yodlee's Incubator Program

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+
Partner Insights

Planwise, a personal finance management (PFM) startup out of San Francisco, announced Tuesday it is one of two companies that have been accepted into the next Yodlee Incubator Program.

The incubator program is meant to help startups develop new technology and profit from Yodlee's distribution network and access to financial institutions. It includes production-level access to Yodlee's API for up to six months, for up to 1,000 users, access to the Yodlee Developer Forum, and development and integration consultation from the Yodlee Interactive implementation team. On a case-by-case basis, Yodlee Interactive may also offer distribution assistance and other non-financial or financial support to incubated companies. Yodlee, of Redwood City, Calif., says it engages more than 50 million users.

Planwise offers consumers apps that let them see visualizations of their financial outlooks once they enter estimates of their financial data, such as monthly expenses and spending plans. Planwise markets its financial planning service as Google maps-esque in the sense that consumers should use the app when they need to get somewhere, such as when they are planning a trip to Costa Rica.

Planwise hopes to better support its users outside of the U.S. by participating in the Yodlee program. Currently, more than 50% of its users live outside of America.

"While we want to focus on launching a robust U.S. offer, we are mindful that close to three quarters of our target market is outside the U.S. so the Yodlee program is a perfect fit for our ambitions," said Vincent Turner, chief executive, in a release. Yodlee says it has 600 global banks and companies in its network.

The startup also intends to evolve its product through the incubation program with a major upgrade, the firm stated in a release.

JOIN THE DISCUSSION

SEE MORE IN

'Dodd-Frank Is Like the TSA': Comments of the Week
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: iStock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.