developingeyes Entrepreneur of the week: Shawn Gupta and Reman Child
This week’s entrepreneur of the week is actually a team of two. Shawn Gupta and Reman Child are the co founders of Expensr. Expensr is a free online personal finance manager. It is explained in very basic terms so that anyone can use it.
In addition to that these guys have put a social networking component to their web application in true web 2.0 fashion. The idea behind the social networking aspect is depending on your tags and categories you can compare yourself against other persons similar to your financial situation and as a result determine whether your spending practices are good or bad. They have even developed a nice lite version of expensr for facebook, called iSpend so that you can have a similar experience while using your facebook account.
From what I’ve observed from reading the information on the site, Expensr makes its money like many social networking sites, through targeted advertising fuelled by the information and traffic provided by its users.
I really think these guys have got something going here. The finance and debt industry is a multi billion dollar industry and I think they are handling the niche well. You can read more about Gupta and Child at the expensr blog or in the September 2007 issue of Business 2.0.
Hope you enjoyed the post. Thanks for reading
