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Wesabe Crosses the Pond and Partners With the Telegraph
Online financial services site Wesabe has announced a new partnership today which will bring Wesabe’s financial tools to the UK. The tools are live on the Daily Telegraph’s website, telegraph.co.uk. Wesabe already claims to support members in 30 countries. From what I can recall, this is the first international deal for any of the new crop of U.S. based online financial services providers. Financial terms of the deal were not disclosed.
Telegraph self-reported 22.9 million unique visitors in September 2008. It will be interesting to see how UK residents take to the idea of sharing their bank information/passwords with an external source and one that is based outside the UK. Wesabe allows their customers to upload files as well which does not require bank passwords to be shared. Most of the other new online banking services do not support this option and require bank passwords to be shared.
In any event this looks like a huge win for Wesabe as it should provide good visibility for their service in another large country outside the U.S.