Envestnet | Yodlee Incubator Unveils New Class of Fintech Disruptors

REDWOOD CITY, Calif., Dec. 5, 2017 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced the members of the newest Envestnet | Yodlee Incubator class. An award winning program, the Envestnet | Yodlee Incubator connects disruptive data-driven startups with the mentorship, strategic guidance, and network to help grow their businesses, while also providing free access to the leading Envestnet | Yodlee Data Aggregation Platform.

This year's cohort builds on the success of previous years and was selected from a record-breaking global application pool that includes startups in the burgeoning real estate tech and data analytics categories – as well as established verticals such as wealth management, personal financial management, and small business accounting. All members of the class share Envestnet | Yodlee's commitment to growing the fintech ecosystem and helping consumers improve their financial outcomes.

"We were blown away by the quality of the applications this year," said Jeff Cain, Incubator Director at Envestnet | Yodlee. "The large number of quality applicants made choosing just eight companies incredibly difficult, but we've got an amazing batch of entrepreneurs coming in, ready to leverage technology and data in new and exciting ways. I can't wait to see what they accomplish over the next six months."

The members of the 2017–2018 Envestnet | Yodlee Incubator class are:

Amplifunds helps donors find non-profits that match their interests and performance expectations.

Datasine turns transactional data into psychometric insights, allowing banks to better serve their customers.

Golden helps families care for their senior parents' financial health, wealth and security.

Peanut Butter offers a cloud-based software to help employers attract college-educated talent by managing student loan assistance programs.

Starbutter AI makes text and voice chat Artificial Intelligence (AI) agents that help consumers pick financial products like credit cards and mortgages.

Stessa enables property owners to manage, track, and communicate performance of their real estate assets.

Tangello improves home affordability by bridging the gap between renting and buying and offering a flexible, lower cost, and quicker way to finance homes, directly from mobile devices.

Veryfi provides mobile-first bookkeeping software that empowers business owners by automating the tedious parts of accounting through AI and machine learning.

As part of the Envestnet | Yodlee Incubator program, members will receive mentorship from fintech influencers, access to exclusive networking events, opportunities to connect with investors, and continuous guidance on all aspects of growing a business. The program enables participants to easily foster relationships with industry leaders, technical experts, press and investors, providing a platform to quickly grow their businesses.

Previous alumni of the Envestnet | Yodlee Incubator program are already seeing considerable success in the industry. 2017 graduates Finch and Domuso raised seed rounds within months of graduating from the Envestnet | Yodlee Incubator, while SnapCheck was nominated by KPMG Digital Village as one of the top 20 most exciting and innovative startups from all over the world to address problems faced by the financial industry.

To learn more about the Envestnet | Yodlee Incubator, visit https://www.yodlee.com/company/startup-incubator.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

More than 59,000 advisors and 2,900 companies including: 16 of the 20 largest U.S. banks, 39 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

SOURCE Envestnet | Yodlee