Wesabe

Last updated
Wesabe
Company typePrivate
IndustryPersonal finance; financial technology
FoundedDecember 2005
DefunctJuly 31, 2010
ProductsPersonal finance management website
ServicesFinancial data analysis; personal budgeting tools

Wesabe was a personal finance management website established in December 2005 [1] that analyzed a user's financial data to provide appropriate advice on how to save money. [2] The site went live in November 2006. [3]

The company behind the website announced on 20 June 2007 that it had secured a US$4 million investment round to continue funding the website. [4] Wesabe announced 30 June 2010 that it was shutting down service on 31 July 2010. [1] Existing users were able to download and export their data, [5] and use a forthcoming open source version of the site on their computer. [6] New entrants are competing for the PFM market by supplying personal finance tools through employer HR departments. [7]

References

  1. 1 2 "Online Finance Startup Wesabe Heads To The Deadpool". 30 June 2010. Retrieved 2010-06-30.
  2. ↑ Needleman, Rafe (2006-11-22). "Wesabe: Easy financial tracking and tips". CNET News. Retrieved 2010-03-07.
  3. ↑ "Why Wesabe lost to Mint". Marc Hedlund's Blog. Retrieved 18 March 2012.
  4. ↑ Strange, Adario (2007-06-20). "Wesabe Secures $4 Million Investment Round". Wired. Retrieved 2010-03-07.
  5. ↑ Hedlund, Marc. "Wesabe is discontinuing its Accounts tab as of July 31st". Your Money. Your Community: The Wesabe blog. Retrieved 2010-07-02.
  6. ↑ Donovan, Brian. "Wesabe Open-Source" . Retrieved 2010-07-02.
  7. ↑ Overly, Steven (2011-05-16). "The Download: HelloWallet debuts its financial help software". The Washington Post. Retrieved 2011-06-13.


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