Company Overview

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Status:
Acquired by obopay
Founded:
September, 2005
Headquarters:
Seattle, WA
Categories:
Curated Web
Description:
BillMonk is a social money management tool that enables a group of friends to manage their financial transactions within their group.

Detailed Description

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Because borrowing money from friends can be "awkward", BillMonk keeps track of all your friends' IOUs and debts so you don't have to remind them that they owe you. BillMonk is a social money management tool that allows a group of friends to keep running tabs on who owes who how much and for what. Users collaborate online deciding how to split past and current bills such as taxi fares or restaurant bills. BillMonk calculates how much you owe (or are owed) and then lets you pay online or by mobile phone through parent company obopay's payment services. With obopay, BillMonk users can record bills on their account immediately after getting them by sending a text message to BillMonk. This feature will save those of us who loose receipts or forget how much we owe even before the night is over.Mobile (and online) payment integration is the killer app and differentiating feature for BillMonk, as competitor Buxfer lacks any type of payment tools and Wesabe does not have a mobile payment option. Both competitors offer a product more in tune with Quicken that helps you to understand how you spend your money through trend analysis and data visuals.

BillMonk focuses solely on helping you pay and receive money from friends and settling informal debts. In addition to monetary debts, Billmonk can track things you borrow or loan to friends like a movie or a jacket even. A useful tool, BillMonk also enjoys being one of the first companies to tap the $103 billion market of social money traded each year. BillMonk has a Facebook application in addition to its mobile and browser products.

Current Team (2)

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Past Team (1)

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Products (1)

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  • Smiyydjcqu2aeayqxd2j

    BillMonk

    BillMonk, It's free, and it's a great way to keep track of shared expenses for...

Offices/Locations (1)

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  • Office

    Seattle, WA

    USA

Competitors (7)

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  • 373c3e35b6ebf60a43b6567030be4549

    BillPin

    BillPin is an app that helps users track shared expenses and bills on the web and in real time.
  • A9d1a01ad99662dcd1d2976b4a3f59da

    GreenSherpa

    GreenSherpa is a web-based personal finance app that enables users to manage their bank accounts...
  • 405b037331cfba4215498b38686e7915

    Scred

    Group Accounting and Money Mgmt.
  • 09402b93a1204ea8cdee58c627be18a2

    BillShrink

    BillShrink provides a free, online service to help consumers make better purchase decisions for...
  • 65c6a4bbddba86cc22ca2147dfb150a2

    Wesabe

    Wesabe is a personal finance management website designed to help users manage their daily finance.
  • 490e98882a39804621bbeb254628d19e

    Buxfer

    Buxfer is online money management software for personal finance, account aggregation, budgeting,...
  • 68880043904efacc7ede97bce3349bfd

    Mint.com

    Mint.com is an online personal finance service helping users manage their bank, credit card,...