Budgeting app Copilot is booming now that Mint is dead, leading to $6M Series A

Budgeting app Copilot is booming now that Mint is dead, leading to $6M Series A

5 months ago
Anonymous $6hYC3Wwiad

https://techcrunch.com/2024/03/21/budgeting-app-copilot-mint-6m-series-a/

Intuit is winding down budgeting app Mint this week and that’s become good news for competitor Copilot. Mint’s demise represents both the end of an era and proof that consumers want more from their finance app, founder Andres Ugarte told TechCrunch.

The New York-based CEO started the subscription-based personal finance tracker in January 2020 to offer an alternative to Mint. Today, Copilot has over 100,000 subscribers with a majority of them coming into the app at least once a day. Others enter the app multiple times a week, with 20% of users being what Ugarte considers “heavy users,” using Copilot between five and 10 times a day.