Adaptu Closes Its Doors, Mvelopes Sees Significant Annual Rise in App Downloads and Website Visitors

SOUTH JORDAN, Utah, Feb. 12, 2013 /PRNewswire/ -- Finicity® Corporation, the developer of Mvelopes, the award-winning, comprehensive, online envelope budgeting system, today announced plans to offer a free Mvelopes account, personal debt analysis and one-on-one coaching to Adaptu users, following the news of the company's plans to discontinue service on February 20th. With marked growth in the number of members and visitors to its website, Mvelopes is thriving amongst competition.

Although Mvelopes and competitors like Adaptu and Mint each track and record daily spending activity, Mvelopes gives members a real time view, based on the traditional envelope budgeting methodology, that empowers them to live within their means, quickly eliminate consumer debt and adapt to a lifestyle void of overspending. Through advanced mobile bill pay and real-time tracking, Mvelopes members can stay focused on meeting their short and long-term budgeting and financial goals.

"We offer our members an app that promotes a healthy spending lifestyle—free of debt and money mishaps," said Steven B. Smith, CEO of Finicity. "Adaptu users might have relied heavily on the app for financial organization and planning—but don't give up on the valuable lifestyle habits you've built. Get plugged in to a new mobile service to stay on track."

Since 2004, Mvelopes has been offering online envelope-style budgeting, allowing members to allocate funds and track funds by expense category. Through a personal debt analysis and one-on-one coaching sessions, members can sign up for extra financial consultation and planning. For nearly a decade, Mvelopes has been a leading provider of online budgeting and planning tools earning it the distinction of truly standing the test of time despite wavering competition.

"We strive to go above and beyond the standard mobile budgeting or bill pay app," said Smith. "Instead of offering our members an app to draw insights on their past activity, we make it possible for them to control their future spending and budgeting through insights gleaned from past transactions. We take a time-tested approach to budgeting—we're here to help you live within your means."

All past Adaptu users are able to set up a free Mvelopes account at www.mvelopes.com and are entitled to a free personal debt analysis, as well as a one-on-one coaching session. Those interested can sign up at www.money4lifecoaching.com/adaptu. Anyone who requests their free personal debt analysis before the end of the month is eligible to win one year of free financial coaching.

The Mvelopes mobile app is available on Google Play, in the Amazon App Store and on iTunes. Learn more about the Mvelopes app, Mvelopes, and the Finicity Corporation at www.mvelopes.com.

About Finicity
Finicity is an award-winning Internet and mobile software services company specializing in personal financial productivity applications. For more than a decade, its flagship Mvelopes has helped hundreds of thousands of users regain control of their finances with its digital application of proven envelope budgeting principles. Now the leading personal envelope budgeting solution on the market, Mvelopes has been honored with a PC World 2006 World Class Award, was named one of "The 100 Best Products of Year" by PC World's editors, was recognized as one of "The 4 Best Money Managers" by Success Magazine, and was recently selected by Kiplinger as the 'Best Budgeting Site for Over-Spenders'. Founded in 1999, Finicity is privately held, with headquarters in South Jordan, Utah. Find more information online at www.mvelopes.com.

SOURCE Finicity

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