Bill, meet Bill.
At one point, BillMonk was right up there as the most popular social billing apps in the world. Recently however, it has been suffering from neglect and experienced plenty of downtime. As is always the case with derelict apps (see Google Reader), flummoxed users had to go through the inconvenience of exporting their data and switching over to a more reliable service.
BillMonk users may now have reason to cheer. Today, Singapore’s BillPin, a six-month-old social billing app, announced that it has acquired BillMonk from Obopay, which purchased the company way back in 2007.
The acquisition, made at an undisclosed sum, includes BillMonk’s user base, infrastructure, source code, and related intellectual property rights. Read more
One of Singapore’s local tech startup heroes, Darius Cheung launched his second startup, Billpin last year. BillPin lies in the social money management space and enables friends to track their shared expenses to figure out who owes whom how much, so that there are less embarrassing moments of badgering friends for monies owed.
The young startup just announced the launch of their Android app, to extend the OS universe in which they play in. Their iOS version was launched back in August 2012. In addition, the less-than-a-year-old startup just raised a seed round of 40K USD with Singapore’s NUS Enterprise and government under the iJAM investment-grant scheme.
We’ve been hoping for an in-app payment solution from the team, but looks like the feature will still be in the making for a while longer.
BillPin is a team of 5 that includes four others that have also had experiences with startups: Saurabh Mandar of tenCube, now McAfee (together with Darius); Aileen Sim of FirstMeta (bank for virtual economies); Ruiwen Chua of Remember (that was one of the 11 startups under startup incubator, JFDI.asia); and Anuj Bheda of Chalkboard.
After the acquisition of tenCube by McAfee in 2010, observers have been eagerly anticipating what Darius Cheung, co-founder of the mobile security company, might work on as his next venture.
They didn’t have to wait too long for his second act: His new app, BillPin, was released on iTunes over the weekend. Read more