Bill-splitting service changes hands

Bill-splitting service changes hands

04 APR 2013

Singaporean firm Billpin, which enables users to split bills, has acquired larger US rival BillMonk for an undisclosed fee, according to Tech in Asia.

BillPin, which only launched in February, has acquired its US competitor from Obopay, a mobile payments provider which bought BillMonk in 2007.

Bill splitting services enables users to settle payments such as rent, utility bills and meals online or through a mobile app.

BillPin co-founder Darius Cheung did not reveal the subscriber count for the two services but he did say that the larger BillMonk had  “probably more than 50 times our user base”.

Author

Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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