As expected Yodlee filed for its public offering. Except for 2010, the company has lost money every year since its inception in 1999. The S-1 provides a great read if you're interested in learning more Click Here
The company aims to raise $75 million in an initial public offering, according to the S-1 document Yodlee filed today with the U.S. Securities and Exchange Commission. Yodlee claims 750 organizations use its tools — including most of the 15 largest banks in the United States — and pass them on to their consumers. The company collects subscription fees for 15.7 million of consumers. With the exception of 2010, Yodlee has taken a loss every year since it started in 1999.