More information is coming in about that $14 million third round of financing that personal finance service Mint closed last month. That financing, we’ve heard from two sources close to the company, valued Mint at a whopping $140 million post-money valuation.
That’s not bad for a company that launched just two years ago – Mint won the top prize at TechCrunch50 2007.
In a “normal” round of financing a company would dilute by 25-35%, meaning the expected valuation on a $14 million round would be, roughly, $45 million – $60 million. The $140 million valuation shows two things – Mint is on a roll, and they don’t seem to need much capital.
Mint has grown to 1.4 million registered users, tracking $175 billion in transactions and $47 billion in assets. The site also reports that it has identified $300 million in potential savings offers for its users. It primarily makes its money by generating leads for financial institutions, but it’s also sitting on a goldmine of user data that it hasn’t even begun to tap into yet.
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