Scred, a Finnish startup that lets friends track and manage their shared expenses and debts, has come up with a new twist to its app which may also help out young startups. With its MiniCorps app (as in ‘mini-corporation’) you can track the income and expenses for a whole group, work out if you are making a profit or loss, and know how much revenue you’ve made. Via a lightweight storefront MiniCorps can also receive money and sell items online, with all of it tracked by Scred without anyone having to touch an Excel document. All the cash is handled via Paypal, which seems limiting for now but at least it makes it pretty accessible. Suddenly amateur rock bands everywhere can rejoice. The question is whether Scred’s apps will get any traction against US competitors BillMonk, Buxfer, and Obopay.
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