Singapore Startup BillPin Acquires Larger Rival BillMonk

techinasia.com 03 Apr '13, 3pm

Singapore Startup BillPin Acquires Larger Rival BillMonk

It’s not too often that an acquisition happens around here – even less so do we see a startup snap up a larger rival. But that’s what happened today. The Singapore team behind BillPin , the app that helps friends split bills and keep track of group expenses and friendly lending, has acquired its more established competitor BillMonk . BillMonk itself was bought by Obopay in 2007, so today’s deal sees the service changing hands again. The financial terms of the deal aren’t being disclosed, but BillPin co-founder Darius Cheung (disclosure: he’s an occasional guest writer of ours) explained to us how the deal went down: We caught a perfect window of opportunity to do this and we negotiated hard, and as a result we picked up BillMonk for a very, very reasonable price. That’s surprising as BillPin has only been around for about six months. He added: Other than a S$50,000 governm...

Full article: http://www.techinasia.com/billpin-acquires-billmonk/

Tweets

@2catch22 » 18 Apr '13, 8pm
Meanwhile in Singapore, a startup acquires a larger rival. BillPin acquires BillMonk [link] via @Techinasia
@heyyhiro » 04 Apr '13, 7am
RT @ladyironchef: Singapore startup BillPin acquires larger rival BillMonk [link]
@eskimon » 03 Apr '13, 5pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] c/o @techinasia
@like » 03 Apr '13, 4pm
RT @Techinasia: Singapore Startup BillPin Acquires Larger Rival BillMonk [link]
@avtariuz » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] via @Techinasia #asia #tech
@williswee » 03 Apr '13, 3pm
[email protected]: Singapore Startup BillPin Acquires Larger Rival BillMonk [link] via @Techinasia”
@startupfeeds » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] #startupfeeds
@SirSteven » 03 Apr '13, 3pm
new TiA post - Singapore Startup BillPin Acquires Larger Rival BillMonk, [link]
@niathenia » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] via @Techinasia
@humchimpeng » 03 Apr '13, 3pm
#pennolsen Singapore Startup BillPin Acquires Larger Rival BillMonk [link]
@EpiportDigital » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] #digital #asia
@ImpactAsia » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk: It’s not too often that an acquisition happ... [link] #digital
@VeilleSMO » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link] /via @PennOlson
@DgtlMktng » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link]
@OCMayOo » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link]
@AakarTech » 03 Apr '13, 3pm
Singapore Startup BillPin Acquires Larger Rival BillMonk [link]