Earlier this month I had the great opportunity to become the first person to join the growing team at BillMonk.com!
BillMonk is a free service that makes it easy to track expenses between friends, and to settle them up instantly online. Particularly popular with roommates, young professionals, and college students, it has been used for splitting bills like rent, utilities, meals, and beers. BillMonk also allows users to keep track of books, DVDs, or other items that they have lent to or borrowed from their friends.
In addition to working on the website, everyone kept busy this past month setting up our new office on beautiful Lake Union. It’s been a bit chaotic, but also a lot of fun.
Last night, we announced that Billmonk was acquired by Obopay, Inc.!
We are delighted to announce that BillMonk has been acquired by Obopay, Inc.
Obopay built the first comprehensive mobile person-to-person payments service in the US that lets you instantly send money to anyone using your mobile phone (SMS, WAP, or a downloadable app), or a web browser.
When we first talked to the Obopay team it was clear to us that they care deeply about making it easier to deal with money. Given that BillMonk’s goal is to make money painless between friends, the match couldn’t have been better.
As a first step of integration, BillMonk now lets you settle up your debts online via Obopay! Simply login and click on the new ‘Settle up with Obopay‘ action. Today’s beta release makes it easy to send money to a phone number; we will soon follow up with the ability to send money to an email address.
Now that the dust has just about settled, we are looking forward to devoting all of our time into delivering some exciting new features, so stay tuned to both the BillMonk blog, and Obopay.com!
More information about the acquisition:
We are still looking to hire a few more people, so if you are in the Seattle area, check out our Jobs page!