I’ve been using Mint since right about when it came out of beta. Already it was a superb product and it blew away the competition. As soon as the beta tag was removed the company went into overdrive, improving they’re graphing systems, including fresh new features almost weekly, releasing an iPhone app, and more. They had such a tremendous growth in user base that Intuit was freakin’. They actually sent out a letter back in February requesting that Mint prove how and why they were growing so fast.

Of course, fast forward a few months, and Intuit is purchasing the company for $170 mil. I’m still not sure what I think of this purchase. The company if still too young and has a lot of potential to be worrying about acquisitions. From Mint:

What will change:
As outlined in today’s press release and my blog post, after the acquisition closes, the Mint.com team will contribute to improving the financial lives of tens of millions of consumers and small businesses. I’ll personally be taking on the role of GM of Intuit’s Personal Finance group responsible for online, desktop and mobile consumer personal finance offerings. Joining Intuit enables us to bring our vision of helping consumers understand and do more with their money to millions of Intuit customers.

In other words, the dude got promoted along with the sale of the company, and he will no longer be directly in charge of Mint. I’m sure most of the staff will remain in place, and of course the service will remain free. I’m worried about the quality control. What do you think of this sale?

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Tags: Mergers