MoneyDesktop Reports Record Growth in 2012
– PFM provider continues rapid development, releases award-winning mobile app –
PROVO, UT (Feb. 20, 2013) — MoneyDesktop, announced today a total customer growth of nearly 80 percent from 2011 to 2012, as well as a 445 percent increase in recurring monthly revenue. It was a record year for the company, which provides an online banking-based personal financial management (PFM) solution to banks and credit unions.
MoneyDesktop now provides its PFM platform to more than 380 financial institutions nation-wide through partnerships with more than 27 online banking providers, a growth of more than 100 percent in partner relationships from 2011. In response to rapid external growth, the company also created more than 60 new jobs during the year, increasing its workforce to more than 90 employees.
Record expansion was driven in part by the launch of MoneyDesktop’s award-winning mobile PFM application, MoneyMobile. As one of the first PFM mobile tools to hit the market, the app helped the company win five Best of Show honors in 2012, including recognition at Finovate Spring, Finovate Fall, BAI Retail Delivery, CUNA Technology Council Conference and CU Water Cooler Symposium.
“2012 was a phenomenal year for MoneyDesktop,” said Ryan Caldwell, CEO and founder of MoneyDesktop. “The awards, along with all-around record growth, show how MoneyDesktop’s PFM solutions are impacting the industry. We are proud of the innovations released thus far and have even bigger plans for the future as we look forward to working with our clients to deliver the best possible tools to their users in 2013 and beyond.”
MoneyDesktop (MD) is redefining the way millions of people interact with their finances by developing software technologies that drive the financial engagement between account holders and financial institutions. Through its award-winning PFM, MD is the leading provider of online and mobile money management solutions and has become the fastest-growing provider of its kind. By integrating directly into online banking, core, and payment platforms, MD positions banks, credit unions and payment providers as financial hubs and offers tools that dramatically impact loan volume, user acquisition and wallet-share. MD currently partners with more than 380 financial institutions and 27 Online Banking/Core/Payment Network providers.