Always on the look for nifty life hackers, inventures has put together a selection of tools and apps from CEE startups to help you manage your budget, assess profits, spend wisely, run your business smoothly, share your money… In brief, anything that can help you act as responsible adults, befriend your banker and make your parents proud.
Personal finance
Toshl
Based in Slovenia, the team behind this app for iPhone, Android, Symbian, and Windows Phone aims to democratise financial management by adding a fun dimension to an effective book-keeping tool. Peppered with cool infographics and wacky visuals, it allows users to track and analyse expenditures, create and monitor budgets, switch between currencies and more. Freebasic version.
sMoneybox
This online tool created by a Czech team offers users the possibility of documenting their spending, and of visualising the data through several filters such as categories, earning and expenses, date etc. Free.
Wallet
This Prague-based startup has created an income and expenses tracker app for web, and for Android phones only. In addition to displaying savings, reflecting spending habits and organising budgets, Wallet also includes a smart predicting tool based on GPS location and previous spending. Free basic version.
Spendee
Another Czech startup, Cleevio, is behind this personal finance manager app for iOS and Android phones. In addition to an attractive interface, attractive infographics and smart notifications, Spendee also offers data backup via iCloud and data export via email or Google Drive. Free basic version.
Munggee
Based on a monthly subscription, this web application created by a Bulgarian startup is designed to help individuals manage their personal finances, thanks to a bunch of tracking features and sophisticated graphs.
HomeMoney
Aiming at being easy to use and “mastered even by a housewife”, HomeMoney is an online personal finance manager made by a Ukrainian startup. Also available as an app for iOS and Android, this tool analyses income and expenses thanks to data and charts. Free registration.
CoinKeeper
Made by a Russian team, this budgeting and finance app combines a sleek and user-friendly interface integrating many tracking features and a game-like experience with achievements and level-ups to reward responsible spending. Paid app (€5.49).
Invoicing
Datamolino
Developed by a Slovak startup, this piece of software for accountants and bookkeepers allows users to extract information from invoices and receipts and to turn them into electronic documents, eliminating the need for time-consuming data entry. (Read our story here).
InvoiceFox
A fast online invoicing system developed by a Slovenian team for freelancers and smaller companies, bored of Excel sheets. Free registration.
INV24
An Estonian team has created this online software for freelancers and entrepreneurs to create invoices in just a few clicks and send them automatically to avoid time-consuming bookkeeping.
Smart Bill
Currently the leading invoicing software in Romania, Smart Bill’s features include custom invoice templates, multiple currencies, Paypal integration, multiple companies and an interactive dashboard. Paid registration.
Costs management
Costlocker
Made by a Prague-based startup, this tool for small teams and businesses helps assessing the profitability of projects in real-time. The online software allows users to watch over expenses, compare clients and monitor hours worked, while displaying the data clearly and in the appropriate contexts.
Transfers
TransferWise
Known as the Skype of money transfers, this peer-to-peer system created by an Estonian duo uses the internet to help people transfer money across borders at lower prices (€1 or 0.5% – whichever is larger- or equivalent) than banks.
Financial literacy
Three Coins
Based inAustria, Three Coins is a cross-country financial literacy initiative, with a specific focus on CEE and South Eastern Europe (SEE), and developing new solutions to teach financial literacy via innovative learning tools. (Read our story here).
Initiatives
Circularia
A Romanian startup has revamped the ancient ROSCA system and created a means of sharing money within a circle of trusted people. Each member contributes to a common cyclic fund, whose total sum is eventually randomly attributed to a member by the app when needed. The circle creator is charged 1% of the total sum. Coming soon!
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