Just last week I wrote that Aaron Patzer, the Founder and CEO of Mint Software had stated that Mint could be coming to Canada and the U.K. in early 2010.
Well, plans may have changed now that Intuit, the company behind a similar service called Quicken Online has bought Mint.com for $170 million. Buy doing so, it improves their online offering by using the Mint technology and eliminates the competition that they had been trying to catch up to.
So what does this mean for Canadians looking for a decent online budgeting product to track their finances and keep them within their budget? Since the deal is expected to be finalized by the end of this year, Mint.com in it’s current state would not likely add support for Canada. Quicken Online has Canadian banks and financial institutions in it’s system, but it doesn’t officially support Canada (despite being a Canadian company).
Intuit is currently stating that they plan to run the two websites separately, though I would expect that will change once they figure out how to merge the two. If what results is a new version of Quicken Online that uses the Mint interface and Intuit’s financial connections, then we could be in for a great money management system. Now hopefully they don’t start charging us to use it.
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Tom Drake is the owner and head writer of Canadian Finance Blog.
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[...] Canadian Finance Blog reported how Intuit is buying Mint.com. [...]
Thanks for this positive news. I have always thought that Intuit buying Mint is a good thing, especially for Canadians in general.
Hey Tom,
Nice Site! Do you have any updates on Mint.com coming to Canada?
Thanks
Naveed
Great… might as well flush mint down the toilet now if they mess it up as much as they have quicken.
[...] previously mentioned how websites like Wesabe, BudgetPulse and Mint (Mint is still not yet available in Canada) can help you track your spending and create a budget. [...]
[...] Update: September 15, 2009 – A week after writing this post, it was announced that Intuit Is Buying Mint.com. [...]
[...] expected that Mint.com was coming to Canada in early 2010. Then a week later it was announced that Intuit was buying Mint. This led to more speculation on whether Canadian banks were still in the cards and if so, when [...]