In Brief: Yodlee Raises $50 Million in Funding

REDWOOD SHORES, Calif. - Yodlee raised more than $50 million in a third round of funding in the fourth quarter, bringing the account aggregator's total funding to nearly $70 million.

America Online, Chase Manhattan Bank, E-Trade Group Inc., Inktomi, Intel Capital, Merrill Lynch, and Morgan Stanley Dean Witter contributed to the funding.

The latest round will be used to enhance the core Yodlee platform, expand into international markets, and develop and integrate new and third-party applications.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER