REDWOOD CITY, Calif., Aug. 6, 2015 (GLOBE NEWSWIRE) -- Ynext announced today it will be adding four companies to its International Acceleration Program, extending Yodlee Interactive's unique API sets to the new partners Tyro Fintech Hub, techUK, FINTECH Circle and Eaglewood Capital. Yodlee Interactive is the unit of Yodlee (NASDAQ:YDLE) that powers financial apps and services worldwide, providing its open and secure financial data APIs to developers, entrepreneurs and Fortune 500 innovators alike. The chosen companies will be joining existing acceleration partners such as Blue Chilli, Level39 and Y Combinator, bringing to 16 the total partners in the program.
"Through these partnerships, we're able to extend our APIs to hundreds of companies internationally," said Jason O'Shaughnessy, VP of International Markets at Yodlee Interactive. "We are proud to know that together, we are continuing to fuel and support financial technology innovation worldwide. That is our mission and ultimate goal in creating this program."
Over the past year, Yodlee Interactive has seen notable international growth, most specifically expanding in the U.K. and Australia, as reflected in the Acceleration Program partners. The company's APIs are also used amongst a variety of verticals within the program:
- Tyro Fintech Hub is Australia's first hub for financial technology entrepreneurs in Sydney and provides startups and high growth companies co-working space, mentoring, and programs to drive innovation and disruption in finance. It is also host to accelerators, conferences, hackathons and meetups to support Australia's burgeoning fintech ecosystem. Tyro Payments, a tier-one participant in the Australian clearing and settlement systems, also offers banking access for startups who seek to co-develop open APIs.
- techUK represents more than 850 companies, from small to medium sized-businesses, in an effort to support and secure the U.K.'s digital future. TechUK helps its customers grow by reducing business costs and risks, developing relationships, and expanding its customers' networks.
- FINTECH Circle is a U.K.-based company that connects financial technology innovators with angel investors. FINTECH Circle is Europe's top ranked company of its kind, investing largely in Payments (c. £10bn), Software (c. £4.2bn), Data and Analytics (c. £3.8bn) and Platforms (c. £2bn).
- Eaglewood Capital is a New York-based investment management firm that specializes in online lending strategies. The company also provides lending to peer-to-peer payment solutions, through partners like LendingClub.
To learn more about implementing Yodlee Interactive's technology and services to build next-generation lending apps and services, visit http://interactive.yodlee.com.
Ynext is the unit of Yodlee, Inc. (NASDAQ:YDLE) that incubates, delivers and commercializes new business opportunities. Through the Ynext Incubator program, the company serves as a launchpad to incubate and accelerate startups on the platform, providing the capital and tools necessary to take their ideas to market and be more successful faster. Ynext also pioneers next-generation data programs that commercialize Yodlee's comprehensive spending and behavioral insights, allowing companies to make data-driven decisions and build stronger, more profitable customer relationships.
Ynext and Yodlee (NASDAQ:YDLE) are headquartered in Redwood City, California. For more information, visit www.yodlee.com
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