New Latvian Start-Up Manages Personal Finances
MyCash, a new start-up from Latvia, has launched a service that helps manage personal finances. Setting financial goals and budgets, receiving timely alerts on bills, finding savings and seeing your spending all in one secure place. Sounds familiar? No wonder - that's exactly what Mint does in US and Canada. Latvian MyCash is not as comprehensive a servivce as Mint, but it's clearly trying to get there. Unlike Mint that directly monitors your bank accounts, you'd have to put every spending and income manually into MyCash. The interface is not as smooth as Mint's but it does not have any obvious flows either: it's clean and simple. MyCash is only available in Latvia, in Latvian and Russian languages only.
Scred Comes Out With A New Focus
Scred, a house hold Finnish startup who we have used to seeing tracking debts and shared expenses is now shifting their focus towards more comprehensively managing money.
They start with managing money for different groups such as bands, indie film crews, event organisers and associations. The point is to offer a solution for communities which often don't have good online financial applications and don't know about accounting.
Along with the new focus the guy have also redesigned the site. Kudos to the team for learning the design tools as they went along. As Kristoffer from Scred told me "We ended up learning how to do design ourselves as we couldn't find anyone sufficiently skilled and available to work with our bootstrapped approach". Whether that was a good choice, I left to the user to decide herself.
