As a business in the Washington D.C. area that began as a startup, we are always happy here at Webs to hear about the growth and success of startups in our neck of the woods. It’s always an exciting time when a large, successful company recognizes the potential of a startup to have a great impact within their own business. Such is the case with yesterday’s announced acquisition of HelloWallet by on of its investors, Morningstar Inc.
In case you aren’t familiar, HelloWallet offers software that enables companies to provide their employees with advice for making better financial decisions. Bill Flook of the Washington Business Journal called HelloWallet “a sort of Mint.com for the enterprise.” The company was founded in 2009 by Dr. Matt Fellowes, with the mission of democratizing access to independent financial guidance.