Mint.com

Blippy tries to turn shopping into status updates

When Twitter launched, it asked users a simple question: what are you doing? Blippy, a new startup co-founded by Philip Kaplan of F*cked Company fame, asks an equally simple question: what are you buying?

A bevy of high-profile investors, including Twitter co-founders and CEO Ev Williams, are betting that internet users won’t be able to resist answering Blippy’s question. They’ve funded the company to the tune of $1.6m.

Would you trust a Pirate Bay co-founder with your credit card number?

Peter Sunde is best known as one of the founders of The Pirate Bay (TPB), the now-deceased BitTorrent index. In April of this year, Sunde and his fellow TBP operators were found guilty of copyright infringement and were each ordered to pay close to €2.75m in damages.

Having apparently decided that piracy doesn’t pay, Sunde now has a new business venture: he wants your credit card number. His new company, Kvittar, plans to “automatically collect your receipts and store them digitally for easy search and access.

Equity for tech licenses? No thanks

An interesting fact about personal finance startup Mint.com, which recently sold to Intuit for $170m: the account aggregation technology that powers Mint.com is licensed from a company called Yodlee.

Yodlee, which was founded in 1999, has raised over $100m in funding. While it operates its own consumer-facing personal finance website, its core business is in licensing its technology to others. Its licensees include startups similar in nature to Mint.com as well as major financial institutions like Bank of America.

Mint.com makes a mint, being acquired for $170m

More M&A: publicly-traded software company Intuit is acquiring personal finance upstart Mint.com for $170m. Mint.com, which launched at TechCrunch40 in 2007 and had raised nearly $32m from investors, has over 1.5m users and tracks more than $50bn in assets for its users.

Mint.com is simple: it allows users to aggregate data for their bank, credit and investment accounts and track those accounts through a single interface. Through this, Mint.com can help users identify areas for savings (it claims to have found over $300m in potential savings for its users) and promote financial services that users may be interested in.