Quovo rakes in $4.75 million from VC backers and a triumvirate of angel RIAs: Carson, Bicknell and Lockshin
The mini-Yodlee is ready to play the feisty startup role in the RIA account aggregation market
MRJ
Quovo is no better than ByAllAccounts. BAA is actually better because they have dealt with these issues for years now and easily fix issues. We use both and the only reason Carson or any of the others are saying how great it is, is because they invested in them hoping some dumbo will scoop up this tech like Envestnet did with Yodlee. Don’t waste your time or money using Quovo unless all you want to bring in is basic position info – transactions? Forget about it.
Stephen Winks
If you build around a vendor, you don’t own the intellectual capital or the value ascribed to that technology. Thus, if the objective is to build value you must own core technology. It is not a question of whether Quovo is better or not, it is a question of literally owning one’s value proposition so it can be sold. Ultimately, no one will pay you for an enterprise driven by technology you do not own, as they would simply go for the third party source code where the value resides.
SCW
Stephen Winks
WinkDink
Great Move by Envestnet
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