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.

morgan-downey-money-net-2016

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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