Mint.com gets $14 million and some new cool features

Posted Aug 18th 2009 3:10PM by Tom Taulli
Filed under: Next Big Thing, Personal Finance

Since launching in September 2007, Mint.com has become a dominant player in the online personal finance space. In fact, the company has raised $14 million in venture capital from DAG Ventures, The Founder's Fund, Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo. It was preemptive round; that is, Mint.com didn't seek out the money. Nice, huh?

So, to get the latest, I had a chance to talk to Mint.com's founder and CEO, Aaron Patzer. He said that the site is attracting 100,000 new registered users per month. In all, the user base is over 1.4 million (even President Obama's CTO, Aneesh Chopra, is an avid member). What's more, Mint.com is currently tracking over $175 billion in transactions and $47 billion in assets.

According to Patzer, this data is incredibly valuable and allows for improved features. For example, Mint.com has enhanced the budgeting and trending features. There is also an easy way to save money by transferring 401(k) accounts to IRAs (yes, you should check into this, especially as returns have been hard to come by).

No doubt, Mint.com is important for consumers who are looking to watch their expenditures (in light of the tough economy). Interestingly enough, Mint.com has saved its members roughly $300 million so far.

Tom Taulli is the author of various books, including The IPO Primer and The Complete M&A Handbook.

Tags: Aaron Patzer, inthenews, Mint.com, venture capital