The Motley Fool, the world's leading online investing advice company, and Mint.com, the fresh, free, easy and intelligent way for people to manage their money online, today joined forces to maximize users' online personal finance resources.
This partnership weaves Mint.com's proprietary online personal finance tool, rated top in its category by PC World, together with award-winning content and investment solutions from The Motley Fool.
"The Motley Fool is dedicated to building the world's greatest investment community, and great investing begins with a solid foundation in personal finance. We are delighted to welcome Mint.com into our community and to introduce our members to Mint's powerful personal finance management tools," said Jonathan Mudd, The Motley Fool's SVP of Programming and GM of Fool.com. "Mint has emerged as a real innovator in the online personal finance space, and we are thrilled to join forces with them. Mint will help us give our members an accurate, up-to-date picture of their financial standing, so they're well-positioned to take advantage of the superior investment ideas at the core of our services."
By allowing users to view and categorize transaction data from their bank, credit cards, and now investment accounts, Mint.com gives a comprehensive view of a user's finances. Users can set budgets based on spending trends and goals to get their finances on the right track. In the six months since its launch, Mint.com has attracted more than 200,000 users, is managing $10 billion in transactions, and has uncovered $100 million in potential savings for its users. Now poised for an introduction to Fool.com's two million subscribers and 4.5 million monthly unique visitors, Mint.com is prepared to enjoy significant growth in 2008 and beyond.
"The Motley Fool is an unmatched resource for financial advice and fits perfectly with Mint's mission to give users information that helps them do more with their money," said Aaron Patzer, CEO and Founder of Mint.com. "With the addition of investment accounts to Mint.com last month, and with enhancements in that area coming soon, we're giving users a full picture of their finances. The Motley Fool's unique combination of high quality, approachable personal finance and investment content is highly relevant to our growing user base. The end result is greater money intelligence - in action."
The Motley Fool and Mint.com will share articles and other educational content; will each link to the other's site; and will allow users to navigate easily to a co-branded Fool.Mint.com website.