Mint.com is a free, web-based personal financial management service
for the US and Canada, created by Aaron Patzer. Mint originally
provided account aggregation through a deal with Yodlee, but has since
moved to using
Intuit for connecting to accounts. Mint's primary
service allows users to track bank, credit card, investment, and loan
balances and transactions through a single user interface, as well as
create budgets and set financial goals. In 2009, Mint was acquired
by Intuit, the makers of
Quicken and TurboTax.
As of 2010,
Mint.com claims to connect with more than 16,000 US and
Canadian financial institutions, and to support more than 17 million
individual financial accounts. As of November 2013[update],
Mint.com claimed to have more than 10 million users. In 2016,
Mint.com claimed to have over 20 million users.
1 Investment and finances
2 Controversial practices
3 See also
5 Further reading
6 External links
Investment and finances
Mint raised over $31M in venture capital funding from DAG Ventures,
Shasta Ventures, and First Round Capital, as well as from angel
investors including Ram Shriram, an early investor in Google. The
latest round of $14M was closed on August 4, 2009, and reported by
Aaron Patzer as preemptive.
TechCrunch later pegged the
valuation of Mint at $140M.
In February 2008, revenue was generated through lead generation,
earned via earning referral fees from recommendations of highly
personalized, targeted financial products to its users.
On September 13, 2009,
Intuit would acquire Mint
for $170 million. An official announcement was made the following
On November 2, 2009,
Intuit announced their acquisition of Mint.com
was complete. The former
CEO of Mint.com, Aaron Patzer, was named Vice
President and General Manager of Intuit’s personal finance group,
Mint.com and all
Quicken online, desktop, and mobile
offerings. Patzer further added the features of the online product
Mint.com would be incorporated into the
Quicken desktop product, and
vice versa, as two collaborative aspects of the
Finance team. Patzer left
Intuit in December 2012.
Mint asks users to provide both the user names and the passwords to
their bank accounts, credit cards, and other financial accounts, which
Mint then stores in their databases in a decryptable format. This has
raised concerns that if the Mint databases were ever hacked, both user
names and passwords would become available to rogue third parties.
Some banks support a separate "access code" for read-only access to
financial information, which reduces the risk to some degree.
In January 2017,
JPMorgan Chase settled a long standing
dispute, and agreed to develop a software where Chase customers send
their data, for financial purposes, to Mint without having Intuit
store customers names and passwords. It was also agreed
never sell Chase’s customer data.
Personal financial management
^ "Everything You Wanted To Know About Startup Building But Were
Afraid To Ask". TechCrunch. October 7, 2009. Retrieved
^ "Can Mint be used outside of the U.S.?". Archived from the original
^ Ellis, Blake (December 2, 2010). "
Yodlee no longer powers Mint.com's
data aggregation tools". CNN.
Mint.com Now Tracks Cash and Pending Transactions". Retrieved
^ a b "
Intuit Completes Acquisition of Mint.com". Intuit. November 2,
^ Martha, Shaughnessy (19 April 2010). "Using Intuit's Technology
Doubles Bank Access, Completes Users' Experience".
release. Archived from the original on 28 September 2015. Retrieved 28
^ "What is Mint? Your Financial Life All In One Place". Mint.com.
Archived from the original on December 19, 2010. Retrieved February
24, 2013. Mint has more than 10 million users who know their
information is always secure.
^ "Mint by the Numbers: Which User Are You?". Mint.com. Retrieved
January 7, 2017. Over this decade, we’ve grown to include over 20
^ Vivek (May 23, 2007). "My
Mint.com acquires Mint.com; raises $5
million". Startup Squad.
^ Cutler, Kim-Mai (August 12, 2009). "
Mint.com rakes in $14 Million in
third round of funding". VentureBeat.
^ Marshall, Matt (October 16, 2007). "Mint, online money manager,
raises $4.7M". Venture Beat.
^ "SEC FORM D". sec.gov. Retrieved 27 February 2015.
^ Kincaid, Jason (August 12, 2009). "Full Details On Mint's $14
Million Series C Round". Tech Crunch.
^ Arrington, Michael (September 2, 2009). "Mint is Worth A Mint: $140
Million Valuation". Tech Crunch.
^ "How Mint's SmartSave Savings Engine Works". Mint.com. October 11,
2007. Archived from the original on February 14, 2008. Retrieved
2008-02-24. Mint does make a small referral fee from advertisers on
some offers. That’s what keeps Mint free.
^ Arrington, Michael (September 13, 2009). "
Intuit To Acquire (Former
TechCrunch50 Winner) Mint For $170 Million". Tech Crunch.
Intuit Completes Acquisition of Mint.com". The
November 2, 2009. Archived from the original on May 11, 2010.
^ "LinkedIn.com - Aaron Patzer". Mint.com. Retrieved May 20,
^ "ING Direct Launches 'Read-Only' Access Codes for Financial
Aggregation". 2011-05-26. Retrieved 2013-09-28.
^ "Could mint.com be more secure, and if so, how?". IT Security Stack
Exchange. Retrieved 2013-09-28.
^ "Chase, Mint reach deal for faster, more secure data-sharing". USA
TODAY. Retrieved 2017-05-04.
Mint.com Could Soon Fire Back At Simple With A Debit Card
Of Its Own". TechCrunch. AOL. Retrieved 27 February 2015.
"Mint.com, a Finance Site, Raises $15 Million". The New York Times.
Retrieved 27 February 2015.
"For Mint.com, More Money in the Bank". The New York Times. Retrieved
27 February 2015.
Personal financial management
List of personal finance software