Envestnet | Yodlee completed the acquisition of FinBit.io.

Envestnet | Yodlee, a financial data and analytics platform powering dynamic, cloud-based innovation for digital financial services completed the acquisition of FinBit.io an emerging financial data aggregation and analytics platform provider for the India and Asia market, powering over 60 B2B FinTech companies. Financial terms were not disclosed. "Our vision is to empower consumers with the ability to permit the aggregation of their financial data so that holistic analytics can be made available to valuable services like affordable credit, personal finance management and even accounting. By joining forces with the pioneer in data aggregation and analytics, Envestnet | Yodlee, we will be able to provide a broader product portfolio to our customers, along with the critical ability to scale our solutions," Prashant Paliwal, FinBit.io Founder and CEO.