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I had just read about Mint, a free online money management application that seems almost too smart to be true as well as questionably safe to use, when I came across the TechCrunch post about Mint’s $50,000 win as the top company at TechCrunch40.

Mint tracks bank, credit union and credit card transactions and alerts users to upcoming bills, low balances or unusual spending.  Their patent-pending technology automatically categorizes transactions, so users know where they are spending money, what their bank and credit balances are, and how much interest they have earned.

“Mint’s technology also analyzes your finances and makes suggestions all while using the same security systems as top banks,” goes the claim.

Taking a look at the “Comments” on the post, I saw that I was not the only one to have the shivers at the thought of entrusting all my financial account numbers and passwords to an application such as Mint, much as I like the idea of an easy, comprehensive money manager watching over me. 

This is one to keep an eye on, but you might want to wait a few days.  The TechCrunch40 win has overloaded Mint’s servers and they are adding capacity as fast as they can.