Mint.com, the nation's leading online personal finance service, welcomed its one millionth user yesterday, just 18 months since its beta launch in September, 2007.
This milestone marks Mint.com as the first personal finance software to serve 1 million users in such a short time.
"Our mission has always been to help people save and do more with their money. Our rapid growth demonstrates that an unprecedented number of people are finding real value in what we offer," said Mint.com CEO and founder Aaron Patzer. "And this is just the beginning. We will continue to enhance our service while expanding in new directions. In dialog with our users, it's clear that there are still significant ways in which we can help Americans better understand their finances, and make better-informed decisions, with our innovative approach to personal financial management."
This millionth-user milestone coincides with Mint.com's participation in the innovative South by Southwest Interactive conference (SXSW). Mint.com was a finalist in the CSS category of the SXSW "People's Choice" awards last night. Today, Patzer will be a featured speaker at the conference's panel "Finance 2.0: Money Management to Save this Generation."
Amidst an historic financial crisis - on both Wall Street and Main Street - Mint.com is providing unparalleled insight into the U.S. economy through its unique perspective on the spending behavior of its users - now representing 1% of all U.S. households. In January, "The Economy According to Mint," was reported in TechCrunch during Patzer's participation at the World Economic Forum in Davos, Switzerland. In February, Patzer was asked to the White House to consult with the Obama Administration's National Economic Council.
Mint is tracking over $50 billion in transactions, $15 billion in assets and has already identified more than $100 million in potential savings for its users. Each user can monitor their total net worth, virtually real time at www.mint.com, from any mobile phone (by texting shortcode MyMint ), or by using Mint.com's iPhone application - rated #1 in the Finance category in iTunes on the day of its launch.