August 13 news, according to foreign media reports, American online bookkeeping website Mint.Com recently received $14 million in the third round of venture capital. This round of investment was led by DAG Ventures. Previous investors Benchmark Capital, Shasta Ventures, First Round Capital, Sherpalo Ventures, Felicis Ventures and Hite Capital also participated in the financing.
Mint.Com is a free personal financial management website, mainly targeting young users. Mint.com incorporates all of an individual's financial information, including bank accounts, credit cards, mortgages, mutual funds, and personal pension accounts, into the Mint account set up by the user, enabling the user to fully understand their financial situation.
After entering the opening bank and corresponding online banking account, Mint.com automatically downloads and saves the income and expenditure information from each bank, and the automatic retrieval classification technology categorizes each expense accordingly.
Currently, Mint.Com has signed cooperation agreements with more than 7,500 financial institutions. Each time a user completes a transaction, Mint.com records it in real-time and notifies the user via mobile text message.
Mint.Com also provides monthly income and expenditure, budget, and cash flow statistics and management functions, helping users analyze the proportion of expenses in various aspects such as food, entertainment, and shopping each month, allowing users to formulate more targeted "cost-saving" plans and compare horizontally with other users of the same nature.
In December 2008, Mint.com launched a free iPhone application service, allowing users to monitor their credit card and bank account information through their iPhones.
Mint.Com officially launched in September 2007. In over a year, the total amount of daily transactions tracked by its users has exceeded $50 billion, and it has raised a total of $31 million in venture capital so far, developing a user base of over a million.
China's largest online bookkeeping website - Caakee Online (www.caakee.com) will soon receive an investment. The investors are mainly attracted by Caakee Online's three-year accumulation of products and experience in the SAAS field, as well as its 500,000 users. Most importantly, they recognize the achievements made by the Caakee team over the past three years. Since the launch of the Caakee Business Edition, many VCs have proactively approached for investment negotiations. The Caakee Business Edition is an online bookkeeping software specifically designed for individual entrepreneurs, wholesalers, online store owners, and small business owners. Regardless of the size of their businesses, these groups must keep accounts, whether or not they have a habit of doing so, making it a rigid demand. Since the launch of the Caakee Business Edition, market feedback has been positive, greatly boosting investor confidence in Caakee!