Managing expense is a discipline and very few get it. Sometimes its the lack of an intuitive tool that inhibits one to use expense tracking mechanisms.

Onyem is a newly launched startup that helps you track money. To get started, you need toadd bank detail (no account number – you just add the amount you have in your bank) and keep adding expenses as you spend your money.

Expenses can be categorized under different sections – you can add different categories as well – same with income categories.

There was a similar service called 11rupees, (also a finalist at TiE-Canaan event) – but was never launched! The core issue with some of these mint-like service has been integrating with bank accounts (bureaucracy+ lack of API etc).

Manage money online using Onyem

Onyem solves this challenge by asking you to manually enter the account balance – even though you are tracking virtual money,system will take care of real expenditures (users can also upload HDFC bank statements for auto generation of the statement).

Give Onyem a spin and share your comments.

Tags: Indian Startups, manage expenses, manage money, manage transactions, onyem