Overview
Product Description
Wesabe was a personal finance management website established in December 2005 that analyzed a user's financial data to provide appropriate advice on how to save money. Although Wesabe launched first, Mint.com overtook them by capitalizing on their mistakes.
Quick Stats
2005
Started in
2010
Closed in
11-50
Employee (s)
$4,700,000
Total Raised
Why did Wesabe fail?
Answers - 1
Aaron Kazah
written on Feb. 1, 2017
Competition
Although Wesabe launched first, Mint.com overtook them by capitalizing on their mistakes. Also, The founder Marc Hedlund, attributed 'running out of money', along with Mint having better core features as reasons for Wesabe's failure.
Investors - 2
Funding Rounds - 2
All sources for funding rounds
- https://www.crunchbase.com/organization/wesabe#/entity
