Mint, the personal finance manager, has announced a $4.7 million round in funding. Mint recently launched publicly and was awarded the Tech Crunch 40 best of show. This round was invesed by a plethora of investors including big VC firms Shasta Ventures and First Round Capital. Also many angels including Ram Shriram, and executives from eBay, Intuit, Google, Yahoo, Charles Schwab, Wilson Sonsini, Reuters, Adteractive, and Weblogic.
Since launching in September, Mint is organizing more than 2 billion of people’s money. I personally use Mint and love it! I am able to consolidate all my bank accounts and credit cards into one beautiful interface. Mint will alert me of any fishy activity on my account, low balances, and due dates for credit card payments.
This is a pretty large round and I hope some of it goes to improving the infrastructure and also fixing a few bugs. I think Mint is a great service and hopefully they can overcome the security concerns that some people have with putting their personal banking information online.
At first I was really excited about Mint. Then I tried it. I was really disappointed, there just wasn’t enough information there for me. The purchase information was not categorized correctly, so I had $800 charges for entertainment (rent) that I couldn’t change!
I thought you could recategorize stuff and then the system would learn as you went. Maybe I am wrong. I mostly use it to get an overview of what my finances are and when payments are due. For that reason, I love it.
Jason: Thanks for the using Mint and we’re glad you think it’s a great service. The service can definitely be improved and the engineering team is working hard at making Mint better.
Brandon: We’re sorry that you were disappointed. You should be able to categorize transaction manually by clicking on the transaction and then selecting the “Categorize” button, then selecting the appropriate category. You can also check the box to set a rule so that the similar transactions will always be categorized in the same category.
Cap
Mint Community Team
Thanks Cap, I’ll give Mint a more thorough look!
[...] new, having been awarded the TechCrunch40 Best of Show award and having received at least one large round of funding. I am reviewing Mint now because I was seriously disappointed the first time I used Mint to [...]