Startup incubator Y Combinator has announced this morning that it is partnering with Yodlee, the provider of personal financial management an payments data to give the incubator’s startups access to Yodlee’s technology.
While Yodlee’s technology is used in a vast number of financial-focused startups, it is probably most well known for powering Mint.com’s core technology of aggregating account information from banks and credit card companies. For example, if you log into your bank’s website and they offer you the ability to aggregate accounts from other banks and financial institutions, Yodlee powers this technology.
With the new partnership, companies in each Y Combinator funded class will be able to tap into Yodlee’s firehose of financial account and transaction data through the platform. Four Y-Combinator-funded startups, Indinero, WePay, FutureAdvisor, and ReadyForZero; are already using Yodlee’s technologies.
Y Combinator has struck similar technology deals with Twitter (for stream access), Justin.tv (for live video), and Facebook.
With the growing number of startups helping disrupt the personal finance and banking space, a partnership with Yodlee makes sense.