TechCrunch40-winner and Benchmark-funded startup Mint is having a good year. Their user base has grown 25% in the last month to 200,000. And today they’re getting access to 4 million more via a co-branded partnership with The Motley Fool, a popular finance portal.
The deal includes a co-branded version of Mint and promotion of the site on Motley Fool. Mint CEO Aaron Patzer says the deal is not exclusive, but wouldn’t give other details.
More than anything this is a sign of credibility for Mint, which continues to win ground v. competitors. Expect more partnerships soon.
Good news…Congrats Mint..
http://www.metalglassfurniture.com
Joke Cricket is right
good for mint, but motley fool sux.
Great. Now if only Mint would expand to include the UK… It’s great having all my U.S. stuff in one place, but until I can add my UK accounts, it’s just not quite where it needs to be.
It’s Mint’s interface that sets them apart from their competition, but what happens if the Banks decide to turn off the account data spigot?
Too bad this service is not available in Canada..
Problems:
1. Motley Fool does suck. Not exactly the big win they needed & will definitely bring the Fool’s negatives. Still it shows traction.
2. Security. Security. Security. Do you really want all you financial info in ONE place??
3. One hack & it’s over for them.
Agreed. Good for Mint with respect to exposure, but the Fool does suck (traditionally speaking). Glad to see the Fool stop trying to innovate themselves and miss boat and get better about partnering with those are innovating.
I think Mike Davidson said it best: http://www.mikeindustries.com/.....-years-ago
Also:
4. I question that Canada, UK & International sites will come on that quickly. The banking & financial regulations and systems are pretty different. Just to send money to Canada, I have to wait 30 days before anything clears or pay $45 to wire money.
I don’t think most people will go for that (or if it’ll make financial sense to do so for the company).
I bet there’s competitors international already.
I love the idea of Mint, but it’s never worked properly for me. I hope they get the bugs worked out soon . . . .
Mint to me is THE biggest disappointment I’ve hard with any service vs. its potential.
For now, I am waiting for American Express to develop an online portal that will be more comprehensive.
The biggest opportunity Mint misses are deals that are offered by my credit companies (special deals, etc) through affiliate sites that are often VERY poorly promoted by the card companies themselves. I’m sick of Mint telling me my internet bank accounts pay 0% interest and not telling me that I could have saved 30% on my Turbotax filing by using an AMEX promotional code.
Hmm: I agree that seeing the same two suggestions over and over is a bit of a drag, but I think that’s just due to Mint being an upstart. I imagine they’ll be able to leverage the Fool’s advertising department and get some better affiliate relationships going.
I’m pleasantly surprised that 200k people are wiling to fork over their personal account info. I really like the concept of Mint. Not sure its a sustainable model though. Of course having our economy in the shitter helps them gain more subscribers. The market will reserve final judgement, but, until they can process more credit card applications then CreditCarrds.com I’m sit on the sidelines.
the answer to the data spigot and security questions is here (http://www.rssofx.com) … you should get it if you are familiar with the current scraping methods.
CYO Jwaala
Mint.com is a joke…
Yodlee.com is a superior service and is able to link more accounts than Mint…although Mint OEMs Yodlee like all the other big banks in America, BoA, etc…so I don’t know how that works.
I’d prefer a clean fast simple interface…opposed to clunky…bloated one..that also bombards me with advertisements..
They’d be better partnering up with Fatwallet.com like Yodlee.com did in the early days when they had an official thread before opening up their own message boards.
@Frank
I’m sorry you don’t like the Mint experience. Our goal is to make it as easy as possible for the bulk of our customer base.
I don’t feel Mint ‘bombards’ anyone with advertisements. We have a page called Ways to Save with deals, but that’s it. Going there is obviously not required.
@HmmConvenient
That is great input, I appreciate it. We are in fact working to bring more usefulness in this area in the future. Our roadmap in Product is a long one.
@all
Thanks for the kind words…
Jason M. Putorti
Lead Designer, mint.com
I fail to see the benefit from using mint.
Mint has been working amazingly well for me. I tried several other services that claimed to be able to pull statements from all my credit cards and banks into one statement automatically but Mint is the only one that works. The UI is good and they have some neat features built around the whole thing, like showing you how your spending habits are tracking this month versus previous months - by spending category. An ad deal that helps them keep the lights on is fine by me.
I’ve been using Mint since I first heard of it. It’s a great way to keep track of all my accounts, from savings and checking to stocks, PayPal, credit cards, etc.
I just wish it’d track my loans too so I would have a better idea of my current assets versus liabilities!
@Dan Grossman
First some major enhancements to investments later this month. Then in May-ish timeframe we’ll add student loans, auto loans, and mortgages. Keep tight and you’ll be able to see absolutely everything in the next two months.
Aaron Patzer
Founder & CEO, Mint.com
Like I trust Mint with VC backing. VC are out to make money. If Mint doesn’t produce money, they will sell your bank accounts, your investment, and your life savings to a buyer of the data. That’s what they will do. Even if their policy states they won’t, there is no guarantee. Can they back their words with an insurance policy with substantial amount of money in case the website is compromise or that they will go out of business and will force to sell YOUR data to the highest bidder to pay off the VCs and creditors?
People who are stupid to put all their money in one basket deserve to lose all their money. Any people who are smart in investing knows that diversification helps minimize risk. I put my money in banks that are FDIC insure and never more than the insured amount.
To think Mint has that stupid “Hacker Safe” certification. That’s stupid. It induces hackers to take down the site and just one misstep, the news go all over, Mint will die.
Mint condition after using Mint.com
This was just one awesome idea and those of you who are finding fault are just jealous of their success. I got on board the minute I heard about Mint.com from the TechCrunch 40 last year. The connection with The Motley Fools is a no brainer and The Fools are getting the better end of this deal
Keep up the great work guys I am a fan for life
I really think it is a great service. I log in all the time to look at how much I am spending. There are a ton of bugs, and the my accounts are behind up to a week some times. Please fix the bugs.