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Track your expenses the Buxfer way !! November 19, 2006

Posted by rajAT in buxfer, startup, venture capital, web2.0.

Last week I had a chat with Amit Manjhi the guy behind payments website called Buxfer.com. Other 2 co-founders are Ashwin and Shashank. All 3 are doing their phd at Carnegie Mellon.

Amit told me that Buxfer started more from the their own need. It was difficult keeping track of the group expenses. So the more enterprising guy Ashwin created a script to track their money. It was really useful and loads of people asked them to share it with them also. That is when they saw the apple falling created Buxfer.

We started talking about the various other things and quickly find out some common friends. So very Indian :D. Aur phir dilli ki baatein shuru ho gayi jo kabhi khatam na hon :D. It was real fun.

Its real nice to see people doing innovative things to make our lives simpler. Keep up the good work guys. 🙂



1. sumanth - November 20, 2006

Looks good .. Sounds good. Next Google? 😀

2. kopos - November 20, 2006

how different is buxfer from billmonk? buxfer seems to be doing the same as billmonk, even the facebook integration included?!

3. Amit Manjhi - November 20, 2006

I am one of the Buxfer developers. Imo, Buxfer has the following advantages over Billmonk:
a) A more intuitive and user-friendly interface, for adding and viewing transactions.
b) Ability to create “groups” — users who you hang out with regularly like apartment mates or lunch groups — and automatic settlement within groups. Buxfer groups reduce exchanges of money because each member of the group pays sometime, and effectively after a few transactions, it all cancels out.
Plus, you just have to track your “group balance”, and not your balance with each member of the group.
c) Ability to track personal expenses. For example, I can track how much money I have spent at restaurants in the last month.
I urge you to take a look at Buxfer (https://www.buxfer.com) and see for yourself how different it is from Billmonk. 🙂
Amit Manjhi

4. kopos - November 20, 2006

Thanks for the very prompt response. yeah groups is a very very important aspect that i do think is necessary. so let me see if i can get more… hey, whats your personal id so that i can get to you?

do you want me to touch base at manjhi [AT] cs [DOT] cmu [DOT] edu?

5. Jen - November 20, 2006

Great tool! It is nice to see that you are willing to share.

6. Amit Manjhi - November 21, 2006


Sure. I’ll be happy to hear more from you at the above email address.


7. David gigolashvili. - November 26, 2006

From: David Gigolashvili.
General Director.
Company “777” Ltd.
E-mail: davidcom777@gmail.com

Dear, Ladies and Gentlemen!
Our group – Doctor of pharmaceutical Sciences, professor, academician Vajha Eriashvili, Laureate of state premium, doctor of medical sciences, professor Alexander Tsalughelashvili, engineer and economist David Gigolashvili, – The project for biopharmaceutical research anufacturing, reception of liquid and steady medicinal forms, Biopharmaceuticals, The factory will let out (physiological) intravenous solutions IVPC of transfusion and a syringe, the US FDA (GMP) standards in Georgia. We established “777” LTD company, which is registered in Tbilisi, 24th of December 1998 year, 20643846.

With that end in view we carry on negotiations with «S.B.T Technologies.»as they can supply us with technologies, project of equipments and systems that meet the GMP&ISO 9002 standards.

Our Facility’s design is the latest in State-of-the Art manufacturing technology and is built to be more flexible in its production capacities, and to enhance the quality of the environment in which Iv Solutions are produced. Better controlled, cleaner environment, better, safer products!

Production of IVPC is very actual in Georgia. Technological presses offered by European IVPC producers don’t meet the standards of clean environment (class 100) that is required by US FDA standards. Nowadays IVPC production and realization is possible neither in Georgia nor in European and UIS (Union of Independent States) countries.

IVPC demand in US and Canada is 4 L. per inhabitant every year, 3,5 L in Europe, in Georgia according to World Organization of Health is needed no less than 1 L. IPVC.

In this project it is also foreseen preparation of cadres in US according to US FDA (GMP) demands.

IVPC Facility are designed and built to meet the US FDA (GMP) extremely stringent quality standards, which are acceptable worldwide. Therefore, the product manufactured by our Facility can be marked on a global scale.

None of the Facilities built by European companies can offer the same.

As you can see IVPC Facility, no matter what production configuration you choose, offer the highest cost effectiveness (capital outlay per one unit of production capability ratio) and therefore the highest and fastest return on investment.

In general, it is well known fact that the level of medicine practiced in the United States and medical products used in US are superior to most European countries because of the high standards, strict requirements and stringent regulations the US Government through its FDA imposes on medical industry. All these quality are reflected in the products our industry manufactures and offers.

We inform that Government consider the realization of project of IVPC advisable and they are ready to help us. According to above-mentioned the building of IVPC producer Facility that meet the GMP standards is very important and they are ready to discuss and carry on negotiations with investors about financing of this project.

In addition, in parallel on the basis of a factory we plan to create biopharmaceutical research manufacture of reception of liquid and firm medicinal forms.

Since 1980, in Tbilisi, the Republic of Georgia, has been founded the Research Bipharmacy Centre the main purpose of which is to create pharmaceutical preparations utilizing local raw materials.

At the Research Biopharmacy Centre, the Republic of Georgia, a completely novel local raw material has been fond to contain up to 30 – 40mg% of Hyaluronic acid, and the molecular weight is fluctuating approximately from to 7 millions.

The initial hurification and investigation of the material was conducted through sectrophotome try. At the moment, due to the lack of necessary equipment the further purification of our material as its dosage form obtaining and standardization have become impracticable.

Dear Sir, we would like offer you to undertake the purification and standardization of our specimen for which our semiproduct in the liquid or solid (powder) form will be immediately send to you at you request, if any.

We consider it expedient cooperate with you and to start joint production of the Hyaluronic acid in Georgia should you be interested.

Preliminary estimation has shown that about 0,1 kg of Hyaluronic acid and more can be produced in Georgia at the initial stage.

Dear,Ladies and Gentlemen! We hope that you will discuss our project carefully and positively decide to help us in finding financial source for realization of this project.

I hope that our collaboration will be fertile and useful.

Yours respectfully,
David Gigolashvili
General Director
“777” Company

E-mail: dgigolashvili@yahoo.com
E-mail: davidcom777@gmail.com

8. zerocaffe.in » Blog Archive » Uncaffeinated Desktop Discussions 1: Buxfer - December 5, 2006

[…] I had had a personal interest in understanding the dynamics of social money in some personal posts of mine. Recently on Rajat’s blog I had the chance to meet up with Amit, one of the cofounders of Buxfer. The meetup coincided with our plan to get entrepreneurs to talk about their products… from a more critiquing PoV.So here’s the first edition of Uncaffeinated Desktop Discussions with Buxfer. I have used it and personally felt the UI feel polished compared to BillMonk. Q. Can you tell us a bit about your team? More specifically, each of your roles and responsibilities and what all each of you are accountable for? […]

9. labsji - December 11, 2006

Be it BillMonk or Buxfer, it is indeed tracking the small expenses that will give insights to your spending habits. This insight is very essential for wealth creation, wealth multiplication. More than the tool, it is the willingness to track expenses that is a major stumbling block. Getting the willingness takes a lot of disciplin and habit engineering.

NrichSoft.in has expense tracking product for non tech oriented types. I’v learnt that much while helping NrichSoft.

Disclosure: I’m a consultant for NrichSoft.in


10. Badri - December 26, 2006

Thanks to google, i got to know about this post wherein Balaji has made a mention of our Personal Finance software called ‘Enrich’. Surprisingly, ‘Enrich’ also owes its origin to our own needs. we initially started with an excel-based product called ‘XpnsTrak’ and gradually evolved into ‘Enrich’. At this point of time, it is more oriented towards the requirements of an Indian family and helps track not only the expenses but also the incomes of different family members.

Its really nice to know that people are showing interest in managing their own money, regardless of what station of life they are in and where they are geographically.

wishing buxfer and billmonk and similar tribes great success!

11. blog of non-root user Nishit » Buxfer - December 31, 2006

[…] Came across Buxfer in Rajat’s Blog and have been using it since then to track my personal expenses and it has done its job pretty well. Buxfer is short for ‘BUcks transFER’ created by 3 former IITians doing their PhD at Carnegie Mellon. And as they say necessity is the mother of all inventions, they needed some way to track their expenses while eating out with a bunch of guys. As scraps of papers and their memories were not enough to keep track of it, they came up with a small script and then they shared it on the web and the rest as they say is A New Dot Com on the Web […]

12. karan the detective - March 4, 2007

iwant you to me please give message of computer

13. Lot of action at Buxfer « Dream On ! - March 28, 2007

[…] March 28, 2007 Posted by rajAT in buxfer. trackback I have blogged about Buxfer guys earlier. And the guys are surely rocking. If you remember it is a startup by 3 Phd students of Carnegie […]

14. watchesdifficultycom - February 22, 2008

Please let me know where I can get techno designer watches.
It should be trendy, waterproof, scratch proof sports watch. Please suggest a site
where I can find few good watches.

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