US online accounting website expensr obtains US$5 million financing
DoNews, April 28th news (reported by Wang Le) According to insider information, the US personal accounting website expensr will announce this Tuesday that it has obtained financing. Currently, various details are not yet known.
According to this person, the scale of expensr's financing is around US$5 million, with a share transfer of no more than 20%. It is currently unclear who the investors are. Previously, there were rumors in the industry that Facebook might acquire expensr.
According to insiders, expensr was once rated as one of the "Top Ten Websites That Can Change Human Future Lives" by Forbes, with approximately 200,000 users. Currently, there are several domestic websites similar to expensr, such as Wallet Network and Caike Online (www.coko365.com). Among them, Wallet Network claims to have 450,000 registered users.
After seeing this information yesterday, I was very excited. With foreign online accounting websites receiving venture capital investments, Chinese online accounting websites may also be not far from securing financing. China's earliest online accounting website was launched in 2005 and has developed for nearly three years. In these three years, the market has gradually grown and been cultivated. With the sharp rise in prices in 2007 and 2008, the value of online accounting websites has become increasingly evident.
Recently, the largest foreign online accounting website (mint.com) also underwent its third round of financing. For more detailed news: http://www.techcrunch.com/2008/03/05/mint-gets-a-mint).
Caike Online Accounting Website, after two years of development, has accumulated valuable product development and market operation experiences. Its team has become increasingly mature and has already launched Version 2.9. In over two years of development, nine versions have been released, each improving continuously while boldly innovating. Features such as automatic bookkeeping and sub-account functionality, as well as multi-account applications, have been introduced, enabling the recording of 99.9% of accounts. For example, some bad debts that cannot be recorded on CaiZhi software can be recorded on Caike Online.
After two years of persistent efforts, Caike Online has remained at the forefront of China's online accounting market, becoming an industry leader. It has consistently stayed at the front line of the market, deeply understanding China's online accounting market and member needs. After more than two years of development, Caike Online has rich product development experience, complete product functions, mature market operation models, a well-rounded team, comprehensive customer service, a good reputation, and high market recognition.
We at Caike Online look forward to more friends continuing to support and pay attention to China's online accounting market.