Some banks support a separate 'access code' for read-only access to financial information, which reduces the risk to some degree. This has raised concerns that if the Mint databases were ever hacked, both user names and passwords would become available to rogue third parties. Mint asks users to provide both the user names and the passwords to their bank accounts, credit cards, and other financial accounts, which Mint then stores in their databases in a decryptable format. Patzer further added the features of the online product would be incorporated into the Quicken desktop product, and vice versa, as two collaborative aspects of the Intuit Personal Finance team. The former CEO of, Aaron Patzer, was named vice president and general manager of Intuit’s personal finance group, responsible for and all Quicken online, desktop, and mobile offerings.

On November 2, 2009, Intuit announced their acquisition of was complete. An official announcement was made the following day.

On September 13, 2009, TechCrunch reported Intuit would acquire Mint for $170 million. In February 2008, revenue was generated through lead generation, earned via earning referral fees from recommendations of highly personalized, targeted financial products to its users. TechCrunch later pegged the valuation of Mint at $140M. The latest round of $14M was closed on August 4, 2009, and reported by CEO Aaron Patzer as preemptive. Mint raised over $31M in venture capital funding from DAG Ventures, Shasta Ventures, and First Round Capital, as well as from angel investors including Ram Shriram, an early investor in Google.

Intuit mint founder