So, Mint.com was just purchased by some of its competitors for a whopping $170 million. The company, which started in the founder’s apartment, went from nothing to multi-millions in three years.
CEO and founder Aaron Spatzer wrote a post about the acquisition of Mint today at Tech Crunch.
I use Mint — its a great, free money-management tool. The downturn of the economy has helped its popularity, indeed, but nothing can take away from its look/feel and ease of use. It simply is a magnificent service to people. I’ll be interested in following this story to see how the future of the company is shaped by this acqusition. And also, hopefully the Mint Life Blog, located on the blogroll to the right, continues as well. It’s easily one of the best personal finance blogs out there.
UPDATE: Courtesy of Mint’s Facebook page … the company is saying nothing will change other than more people will be working with them.
Hey guys–just talked with our VP of Marketing… She wanted to especially express thx to you–our Facebook fans–for your crucial role as early adopters! Regarding your concerns: Mint will remain COMPLETELY free. Being acquired by Intuit means more people working alongside the existing Mint team… possible projects include Android, Blackberry, international, manual-editing-of-transactions, etc
That’s great news. I’ve been pulling for a BlackBerry app since the day Mint released iPhone app. Hopefully that comes sooner, rather than later. A large base of its users are heavy BlackBerry users. I’m expecting even better things out of Mint.com now.
…another update. Don’t like Patzer’s words in there. Playing it as if the Mint team will be looked upon to make the Quicken brand better. I use Mint because I don’t like Quicken. Ugh. I’ll wait and see.
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