Bill splitting firm BillPin buys rival BillMonk

billpin

Has bought rival

Singapore-based bill splitting app, BillPin, has bought older rival BillMonk from Indian mobile money provider Obopay (reports StrategyEye). The financial terms of the deal have not been revealed. Founded in 2005, BillMonk is a bill splitting services available and was acquired by Obopay in 2007.

Meanwhile, BillPin was founded in October and has since acquired a user base of 5,000 for its iOS and Android app. The company says its users should increase by 50 times with the migration of BillMonk’s users. None of BillMonk’s engineers will be leaving Obopay for BillPin.

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