Wesabe
| Company type | Private |
|---|---|
| Industry | Personal finance; financial technology |
| Founded | December 2005 |
| Defunct | July 31, 2010 |
| Products | Personal finance management website |
| Services | Financial 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
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