| By Jim Bruene on February 22, 2008 10:16 AM | Comments (3) |
In a Feb. 11 BusinessWeek Online feature (here), reporter John Tozzi listed the self-reported user bases at seven new entrants in online personal finance. The roundup led with an anecdote about Wesabe CEO Jason Knight answering phone calls from users (see inset).
The seven companies listed below are only a subset of the online personal finance space. The list does not include users at Quicken Online, Yodlee, Mvelopes, and another two dozen smaller players. Nor does it include users at financial institutions that support online personal financial management such as Bank of America, Wells Fargo, Key Bank, River City Bank and others.
| Company | Users | Traffic |
| Mint* | 135,000 | 150,000 |
| Wesabe* | 100,000 | 41,000 |
| Buxfer* | 80,000 | 9,200 |
| Geezeo | 20,000+ | 14,000 |
| NetWorthIQ | 13,000 | 11,000 |
| BillMonk | 10,000+ | 1,000 |
| Expensr* | Five figures | 1,700 |
| Total | 370,000+ | 230,000 |
Sources: Users per BusinessWeek Online, Feb 2008, figures are reported by the companies and may include inactive users; Traffic: Compete, Inc, estimated unique visitors for January 2008
*Will be presenting at our FINOVATE Startup conference April 29, 2008
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Just out of curiosity: are they measuring traffic as unique visitors per dau/month or as the number of pageviews per day/month? The stats are very obscure and without being put into the right content are meaningless.
Hey Jim, thanks for the review of the article. I agree, it didn't cover everything, what with the sector getting pretty competitive and some of the others being more mature companies or offerings, but I think it's a good look at how the new wave of online finance apps are doing. I also love the transparency in the user counts.
@Max It's clarified under the table I believe, but it's unique visitors per month as calculated by Compete.com.