Wesabe’s $4 Million Series A Investment
Creating an account in Wesabe is very simple.Â The website registration just asksÂ for a user-name, public name, password, and a couple of security questions.Â After that, users can upload accounts whether it is Brokerage, Cash, Checking, Credit Card, Credit Line, Money Market, and Savings.Â
If a user wants to upload a Checking or Savings account for example, Wesabe asks for the bank name.Â After a bank account is selected, the next step is to download account statements to the computer.Â It doesn’t matter whether it is OFX, Microsoft Money, Quick, QFX, QIF, or OFC file types, Wesabe supports them all.
As users input information into Wesabe, tips are provided to help with achieving financial goals.Â Some of the user-generated tips are quite obvious such as “pack you own lunch” as a means of saving money, but I’m sure more useful content will be added soon enough.
Jason Knight is the founder of Wesabe and Union Square Venture partner, Brad Burnham will join Wesabe’s board of directors.Â The announcement is on Wesabe’s blog.
 Wheaties for Your Wallet: Wesabe Raises $4M in Series A FundingThis article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry