Mint Receives $14m in Funding But Still Only In The USA Market, Why?
Silicon Alley Insider has reporting that Mint.com has raised another $14 million in Series C funding.
DAG Ventures led the round; Founder’s Fund and existing investors Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo also participated.
Mint founder and CEO Aaron Patzer declined to disclose Mint’s valuation, but says, “it is a decidedly up round.”
He adds: Mint.com is the leading online personal finance tool, now with 1.4m registered users. Mint is tracking over $175 billion in transactions, $47 billion in assets and has identified $300 million in potential savings for its users. Revenues are undisclosed, but are up 8x year over year.
Now that we have a sampling of about 2% of online US households, we’ve also been seeing some interesting economic trends. This data, particularly at the merchant level, has attracted considerable press interest as of late.
Other sites such as Venturebeat, Paidcontent and Techcrunch also reported the news. However, since Mint is already in Series C funding will they ever be in any other market apart from the USA? Currently here in the UK we have a few Mint competitors, but no one has really grabbed the marketshare.
