Earlier today The Next Web reported that Singapore-based bill-splitting startup BillPin has acquired BillMonk, its largest and perhaps oldest competitor. BillMonk had been one of the longest serving sites which provide a way for people to easily keep track of group expenses and lends, having been founded in 2005. BillPin itself is only six months old. Most Indonesians might not be aware of both these companies but they certainly address a need that’s commonly found anywhere and the acquisition itself is an interesting move.

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