VaultStreet : Financial document management company gets funding

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VaultStreet, a Santa Monica startup has received a seed round of angel funding. VaultStreet is a secure one stop shop for financial document management. It also allows users to coordinate with their financial planners and accountants.

The site is expected to launch in late 2007.

financial account aggregation

We have previously written about the long, and sometimes less than glorious history of financial aggregation. These are services that allow you to add all your financial and related accounts at financial institutions - banks, brokerages, and even airline frequent flyer accounts, and view your net worth, spending habits, outstanding bills etc in one place. VaultStreet seems to have a somewhat different spin in that it allows not only the aggregation, but also adds a communication layer.

The company has made $1.8M in revenue in one year, and plans to partner with financial service providers. Yodlee, a company in this space, has partnerships with brokerages and banking institutions and also has a direct-to-consumer interface.

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