Money.Net Buys Scout Finance to Grow Mobile Apps, Debuts HTML5 Web Terminal

The acquisition of Scout's apps and development of a new interface will bolster its mobile presence nad facilitate client adoption.


Money.Net closed its acquisition of Scout Finance’s technology in October, and will make its mobile apps available to Money.Net clients as part of their $150 per month terminal subscriptions, integrated with the terminal product, replacing its existing proprietary mobile app.

“The reason we did this deal is to use [Scout] as the base for our own mobile build-out,” says Money.Net CEO Morgan Downey, citing Scout’s user interface and design as the key feature that made it appealing. “We would come

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