Geezeo raises $1,200,000

Geezeo combines free, easy-to-use online personal finance tools with the power of social networking to provide the resources and motivation consumers need to achieve their financial goals. Geezeo allows users to instantly and automatically track bank accounts and credit card balances, as well as investments, mortgages, student loans and auto loans. The Geezeo platform connects to more than 6,000 financial institutions and boasts bank-level security precautions to ensure the safety of user data.  In addition to giving users a single platform to access all of their financial information, Geezeo offers a tagging functionality that makes it easy to create budgets, track spending, set financial goals and interact with a community dedicated to improving financial habits.  TheStreet.com’s investment in Geezeo includes an initial investment of $1.2 million for an approximate 13% interest in Geezeo and the option to purchase the company based on an equity value of $12 million at any point over the next year.