PROVO, Utah (2/25/13)--MoneyDesktop, which provides a personal financial management solution to credit unions and banks, reported record customer growth of nearly 80% from 2011 to 2012, and a 445% increase in recurring monthly revenue.
"2012 was a phenomenal year for MoneyDesktop," said Ryan Caldwell, the company's CEO and founder.
MoneyDesktop now provides its PFM platform to more than 380 financial institutions nation-wide through partnerships with more than 27 online banking providers, an increase of more than 100% in partner relationships from 2011. The company also created at least 60 new jobs during the year, increasing its work force to more than 90 employees.
The expansion was driven in part by the launch of MoneyDesktop's award-winning mobile PFM application, MoneyMobile. The app helped the company win five Best of Show honors in 2012, including recognition at the CUNA Technology Council Conference, Finovate Spring, Finovate Fall, BAI Retail Delivery and CU Water Cooler Symposium.
"The awards, along with all-around record growth, show how MoneyDesktop's PFM solutions are impacting the industry," Caldwell said.