Envestnet | Yodlee Launchpad Unveils New Incubator Class of Fintech Disruptors

REDWOOD CITY, Calif., Dec. 5, 2016 /PRNewswire/ -- Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and 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 the next generation of fintech disruptors with the funding, strategic guidance, and mentorship 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, with more financial innovators than ever applying to join the program. The new class features the program's first international participants, and includes startups looking to spread fintech innovation to a range of verticals including wealth management, real estate, and small business. All members of the class share Envestnet | Yodlee's commitment to building an innovative fintech ecosystem that provides true benefits for all consumers.

"We are very excited to welcome such a diverse and innovative group of companies into the program, and can't wait to start connecting them with the tools and mentorship to help them flourish," said Jeff Cain, Incubator Director at Envestnet | Yodlee. "Each year we see more applications from companies using technology and data to disrupt the financial ecosystem, and witnessing how these companies view the future of the industry is truly exciting. I'm looking forward to seeing what this cohort achieves."

The members of the 2016–2017 Envestnet | Yodlee Incubator program are:

• Aug-Mental: A company that uses data from wearable and mobile devices combined with deep learning algorithms to provide early warning of the onset of depressive episodes
• CapitalizeNation: A solution that provides financial advisors with a mobile app that enables communications and seamless data exchange with their clients
• Curacubby: A SaaS company facilitating financial transactions between small and medium businesses (SMBs) and their millennial customers
• Domuso: A payment financing platform for renters in multi-family buildings and communities
• Finch: A social spending and payments app aimed at Australian millennials
• Finvoice: A software as a service (SaaS) provider bringing alternative business lending online through modern software
• Genivity: A platform that tracks and predicts family health risks to help financial advisors better serve their clients
• StreamLoan: A company that digitizes the mortgage application process via a native mobile app usable by all participants in the home buying value chain

As part of the Envestnet | Yodlee Incubator class, members will receive mentorship from fintech influencers, have access to networking events and be connected with funding support, and receive continuous guidance on all aspects of growing a business. The program enables participants to easily foster relationships with industry leaders, 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. 2015 graduate Hedgeable just released Tax Samurai, an AI solution to manage tax strategies for accounts with greater than $1 million in assets, while 2014 graduate Voatz was named a top political startup after being used by nearly 2,000 delegates at the Massachusetts state democratic convention.

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 unified wealth management technology and services to financial enterprises and advisors. Our solutions unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance, and value. Envestnet enables the transformation of wealth management into a transparent, independent, objective, and fiduciary standard of care, and empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

Envestnet's Advisor Suite 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, personalized financial apps and services for millions of consumers. 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 52,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 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 (https://twitter.com/envintel).

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SOURCE Envestnet | Yodlee