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Financial Software - Tuesday, January 15, 2008

Personal Finance Site Spendview Raises $2M

Back in the '90s there were so many personal financial software application startups getting funded that we could do a whole issue on them at the Red Herring. Then for a number of years it was all about Intuit. Now it seems that investors see new opportunities in Web-based personal finance software startups. We have covered Cake Financial, Netbooks (true it has more of a small biz focus), Boxfer, Mint, Wesabe, and Geezeo. Now Houston TX-based Spendview has raised $2M in a first round from Meakem Becker Venture Capital says PEWire.

Several of these products solve a worthy problem for consumers - saving us time by bringing our various online financial data into one place and then putting that into perspective for us. For the life of us, it would be tough to chose which one to standardize on. The reason we want this is to save us time but there are too many choices for a quick decision so we'll let the market shake out and decide for us.

Nikhil Roy is the founder and CEO. In 2001, he co-founded eSoftware Solution, a CRM product that was acquired by Home Depot.

SpendView says it developed V1.0 with the help of an extraordinary but anonymous programmer.

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