Buxfer is a social payments service that launched in 2007 as part of that class of new Y Combinator companies. The site is still live and working, but a user, Sean Leather, emailed us to say it’s a bit of a ghost town.
The blog has been taken down and was last updated in 2009. The last tweet was on October 9, 2009, six days after their first tweet. And users are wondering if the site is dead over on Get Satisfaction.
So what happened? The two founders, Shashank Pandit and Ashwin Bharambe, took jobs at Facebook. Bhramabe joined Facebook way back in October 2008, as noted on Buxfer’s About page. But according to Pandit’s LinkedIn profile, he too left the company in June and has been full time at Facebook since late 2009. → Read More
New York-based Loudwater Labs has sold the assets of its online personal finance management application Thrive to Tree.com (Nasdaq:TREE), the company behind services such as the formerly IAC-owned LendingTree and RealEstate.com. This means that the publicly listed Tree.com now has a very good resource in its hands as well as sufficient reach to give Mint and other personal finance management tools like Wesabe, Geezeo and Buxfer a run for their money.
Tree.com Chairman and CEO Doug Lebda commented that the acquisition of Thrive is a perfect fit with the strategic vision of Tree.com, and you don’t have to be a genius to see that he has a point there. Tree.com operates a number of strong brands in the financial and real estate space, and its customer base can clearly benefit from free tools like Thrive which enable users to better monitor, manage and improve their personal financial health, particularly in the tough economic times we’re in. → Read More
Today, at the Next Web conference, I met the founders of Scred, a Finnish startup that lets friends manage their their debts to each other. Scred is an application that makes it easy to split up tabs at restaurants or bars. You can download a mobile version to your phone, for easy bill-splitting calculations after a few rounds. Competitors include BillMonk, Buxfer, and Obopay. But Scred has a few European twists. Managing currency conversions is no problem. If I am chipping in for a meal in Amsterdam, it can tell me how much I owe in dollars and how much my Dutch friends owe in Euros. It also lets you pool debts between friends. So if I owe you $5, and you owe our mutual friend Nancy $7, it automatically allocates my $5 to Nancy. CrunchBase Information Scred BillMonk Buxfer obopay Information provided by CrunchBase → Read More
Social payment service Buxfer has added peer to peer payments to its money management system. The payment system is supported through Amazon’s new Flexible Payments web service we reported on earlier. Buxfer is one of the first companies on the service’s private beta along with Jungle Disk, Freshbooks, and Beetlabs. Buxfer will be footing the bill for the 1-2% transaction fees till the end of August. They will also be rewarding users that add their friends to the service. Buxfer, similar to Billmonk (sold to Obopay last year), lets you track and tag your expenses with friends and groups. Social payment sites like these aren’t meant to replace beefier accounting applications like Quicken or Wesabe, but rather easily track account balances with a heavy social networking component. You can either add you payments to Buxfer manually or import a payment statement from your bank, Quicken, or Microsoft Money. Having your payments on Buxfer lets you manage your balances with friends and analyze your expenses over time through pie charts and graphs. Since we last covered them, Buxfer has added a Facebook, mobile, and iPhone application. The new payment system adds the option to “send a payment”. Sending a payment requires the email of Buxfer account you want to send the payment to and the amount. Submitting the transaction will take you to Amazon Payment’s site, which will handle the rest of the process. If the recipient has an Amazon account, the money will simply be deposited. Unfortunately, If they don’t have an account, Amazon will just pester you to get your friend on the service before the transaction can be completed. → Read More
Geezeo Mobile is the first in a suite of mobile financial applications aimed at the 18 – 35 and student demographic. The new application Geezeo Mobile lets you check you banking balance on the go. To get started, you can sign into Geezeo by setting up an account with them, or using your existing Gmail user name and password. Once logged in, you can add your various bank accounts to your profile. Unfortunately this requires you to hand over your banking credentials to this new startup out of Framingham, Massachusetts (Banks haven’t caught on to read/write privileges yet). The system seems to cover accounts for every financial institution I’ve heard of, from Bank of America to even the smaller credit unions. They have a good screencast here. → Read More
After Condé Nast, owner of Wired and other magazines/websites, acquired Y Combinator funded Reddit, people took notice. This wasn’t just some quirky incubator where they gave college students a few bucks to kick start their new companies (although it is that, too – their standard deal is $5000 + $5000 per founder, for 6%ish of the company) – real products were coming out of Y Combinator, and people started to notice. Y Combinator funds startups twice per year, in batches. Funded startups that have previously launched include Reddit, Kiko, Loopt, ClickFacts, TextPayMe, Snipshot, Inkling, Flagr, Wufoo, YouOS, PollGround, LikeBetter, Thinkature, JamGlue, Shoutfit, Scribd, Weebly, Buxfer, and Octopart. Today, Y Combinator invited in TechCrunch and a select group of investors and industry experts to view the current crop of companies, just getting ready to launch. Michael Arrington and I attended the sessions, and our notes on the new companies are below. Here’s a rundown of who presented, minus a few who are still in stealth mode: Zenter Zenter is an web based presentation app that promises to really take advantage of being online. Users will have the regular functionality of PowerPoint, but with the ability to directly add content from the web (Google Images). Each public slide show will also be put into a public library, for other users to remix or just drop into their show. Weebly Weebly is an AJAX website creator that recently joined Y Combinator. Weebly’s drag-n-drop interface lets you quickly put together a personal website any way you like. For the demonstration they recreated the Benchmark Capital website. They recently had a great upgrade to their site which included some slick new themes and layouts possibilities. Our previous coverage of Weebly is here and here. Virtualmin Virtualmin is taking on the lack of innovation in the server admin programs, like Plesk, by making a more accessable version for pages managed by the non-technical crowd. The program will feature simple installs of popular programs like content management systems that often cost extra on other providers. It will also let you administer your website from your desktop and mobile device. Octopart Vertical search engine Octopart, which launched not too long ago, focuses on putting an end the inadequate search engines used by electronics parts manufacturers. Octopart lets you search, compare prices, and view specifications for parts on Allied Electronics, Digi-Key, Mouser, and Newark InOne. They have a deal → Read More
Social/mobile payments site Billmonk had a mini merger with competitor Obopay last month (we called it a “battle for relevance” since PayPal has a strong product offering in the mobile space as well). Buxfer is another social money Y Combinator funded company that softly launched last September. It provides the same basic functionality of Billmonk, such as keeping a running total of debts and credits with your friends (only money), but has grown up a little and added some nice data visualization. Buxfer is deeper than Billmonk, letting you track and tag out your expenses with friends and groups over time. The groups option makes it great for managing debts between roommates or within a club. Billmonk is more geared to managing splitting debts between friends and lending out your stuff. Buxfer goes further, letting you analyze you expenses over time through a Google finance-style pie chart with adjustable time frame. Buxfer has gone to great lengths to make importing transactions as easy as possible. They currently support adding transactions to your account via SMS and the ability to import your credit card statements (.csv,.qfx,.ofx). From there you can tag and divide up your expenses as you see fit. What’s great is that these sites start with a simple day-to-day problem that can frustrates us all and present a solution. However, without intimate integration with payment services, it’s still a chore. I’m not so OCD that I will tag and text myself about every payment I make. Wesabe has payment integration, but is also going after the quicken market. Billmonk really benefited from integration with Obopay deal and perhaps Buxfer will find a similar partner. → Read More
