Comments on: Finnish Startup Scred Adds Another Way To Divvy Up Debts Between Friends http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/ Startup and Technology News Wed, 09 Jul 2008 06:49:55 +0000 http://wordpress.org/?v=2.5.1 By: efficiency guru http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2139577 efficiency guru Mon, 07 Apr 2008 17:49:15 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2139577 A really great tool for this is fliff -- really simple and smooth, and integrated with paypal. Works on facebook. http://fliff.tv A really great tool for this is fliff — really simple and smooth, and integrated with paypal. Works on facebook.

http://fliff.tv

]]> By: ScreeperZone http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2136633 ScreeperZone Sun, 06 Apr 2008 21:08:18 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2136633 sorry.. the link is http://www.screeperzone.com/expensesharer/xsharer.html :) sorry.. the link is

http://www.screeperzone.com/ex.....harer.html :)

]]> By: ScreeperZone http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2136630 ScreeperZone Sun, 06 Apr 2008 21:07:13 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2136630 If you don’t want to sign in, checkout mine. http://www.screeperzone.com/ex.....harer.html there is no signup or data that is stored on the internet. If you don’t want to sign in, checkout mine.

http://www.screeperzone.com/ex…..harer.html

there is no signup or data that is stored on the internet.

]]> By: Lance Smith http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2133136 Lance Smith Sat, 05 Apr 2008 16:14:47 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2133136 There are other interesting Finnish start-ups that didn't show up at Next Web conference. You can find them at http://www.arcticstartup.com/ or http://www.startupbin.com/ There are other interesting Finnish start-ups that didn’t show up at Next Web conference. You can find them at http://www.arcticstartup.com/ or http://www.startupbin.com/

]]> By: Kristoffer Lawson http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2129543 Kristoffer Lawson Fri, 04 Apr 2008 13:13:40 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2129543 @sky, if only it was so simple. You're right that a simple version of this can be created in a weekend or two, but if you want something that will scale to the services we already have and are planning to do, you need to think a bit more about what is going on under the hood. Doing currencies well, having a scalable database and building a real offline mobile client (which nobody else has) are all tasks which take time and planning. Our first working version was created quickly, and we have used the term 'scred' internally for years for small systems like this, but it has taken us months of non-stop work to reach where we are at the moment, and this is just the beginning. We are not perfect, but our platform does things nobody else does right now, and built in a relatively short time. Believe me, development work is far from stopping. And on Paypal and others: we don't see them as a competitors right now. Quite the opposite, in fact. We'd really like to partner with PayPal and mpayy to do some of the things we are looking at. So let's talk :-) @sky, if only it was so simple. You’re right that a simple version of this can be created in a weekend or two, but if you want something that will scale to the services we already have and are planning to do, you need to think a bit more about what is going on under the hood. Doing currencies well, having a scalable database and building a real offline mobile client (which nobody else has) are all tasks which take time and planning. Our first working version was created quickly, and we have used the term ’scred’ internally for years for small systems like this, but it has taken us months of non-stop work to reach where we are at the moment, and this is just the beginning.

We are not perfect, but our platform does things nobody else does right now, and built in a relatively short time. Believe me, development work is far from stopping.

And on Paypal and others: we don’t see them as a competitors right now. Quite the opposite, in fact. We’d really like to partner with PayPal and mpayy to do some of the things we are looking at. So let’s talk :-)

]]> By: The Next Web – Day 1 Wrap-up http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2128365 The Next Web – Day 1 Wrap-up Fri, 04 Apr 2008 06:21:36 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2128365 [...] to work to at least one Finnish startup, as the conferences moderator Eric Schonfeld wrote a short post about Scred on TechCrunch after talking with the guys earlier [...] [...] to work to at least one Finnish startup, as the conferences moderator Eric Schonfeld wrote a short post about Scred on TechCrunch after talking with the guys earlier [...]

]]> By: The Scred Blog » Techcrunched! http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2127217 The Scred Blog » Techcrunched! Thu, 03 Apr 2008 22:47:25 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2127217 [...] What a nice surprise! Returned after a long conference day to the hotel. A cold beer. Good music. Checking the email… and the daily Scred usage report. Well, what do you know. Looks like a day on day growth record. How come? Fire up Google Analytics and there it is: Techcrunched! [...] [...] What a nice surprise! Returned after a long conference day to the hotel. A cold beer. Good music. Checking the email… and the daily Scred usage report. Well, what do you know. Looks like a day on day growth record. How come? Fire up Google Analytics and there it is: Techcrunched! [...]

]]> By: Vince http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126856 Vince Thu, 03 Apr 2008 20:39:08 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126856 Here's another one that does the trick: http://www.costshare.net These app do make life alot easier for roommates. Not sure how much this is needed outside of that though. Here’s another one that does the trick:
http://www.costshare.net

These app do make life alot easier for roommates. Not sure how much this is needed outside of that though.

]]> By: Tom http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126607 Tom Thu, 03 Apr 2008 19:46:44 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126607 Nice to see the first Finnish startup in Techcrunch since Jaiku! There are quite a few interesting small startups popping up here in north. Check out www.sumpli.com (Finnish evite), floobs.com and a fresh blog covering the finnish scene - arcticstartup.com. Nice to see the first Finnish startup in Techcrunch since Jaiku! There are quite a few interesting small startups popping up here in north.

Check out http://www.sumpli.com (Finnish evite), floobs.com and a fresh blog covering the finnish scene - arcticstartup.com.

]]> By: Frank Church http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126367 Frank Church Thu, 03 Apr 2008 19:05:34 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126367 @Trace Johnson, It is interesting to see companies popping up to compete with Paypal. Revolution Money is also a competitor of Mpayy for P2P, though their go-to-market is slightly different. RM intends to get transactions fees down to 0.5% +X for the merchant. It is interesting to note that PayPal emerged by solving a problem for the consumer (Ebay sales). Both Mpayy and RM fail to provide any value to the consumer that is not already addressed. The financial industry is ripe for disruption, but nobody seems to have fiigured out how to do it yet (PayPal jumped in bed with MC, and quit disrupting). Tough market, good luck. @Trace Johnson, It is interesting to see companies popping up to compete with Paypal. Revolution Money is also a competitor of Mpayy for P2P, though their go-to-market is slightly different. RM intends to get transactions fees down to 0.5% +X for the merchant.

It is interesting to note that PayPal emerged by solving a problem for the consumer (Ebay sales). Both Mpayy and RM fail to provide any value to the consumer that is not already addressed.

The financial industry is ripe for disruption, but nobody seems to have fiigured out how to do it yet (PayPal jumped in bed with MC, and quit disrupting).

Tough market, good luck.

]]> By: Frank Dux http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126005 Frank Dux Thu, 03 Apr 2008 17:54:16 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2126005 did anyone mention www.snappystuff.com?? did anyone mention http://www.snappystuff.com??

]]> By: Mikael Grave http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125912 Mikael Grave Thu, 03 Apr 2008 17:39:09 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125912 Hi, I'd like to mention http://www.shortreckonings.com It is less ambitious than Scred but focuses on being very fast and trivial to use: * You don't need to register to use it; * You can create your expense sheet immediately from the home page; * The heart of the tool is its "debt reconcile" algorithm: you enter who paid for what and for whom, and Short Reckonings calculates the fewest number of payments needed to reconcile the debts. * The user interface is fully Web 2.0 (it is built on Yahoo's YUI open-source library), including keyboard shortcuts for fast expense entry; No social networking features, no mobile Java edition, but a version optimized for the iPhone is in the plans. Enjoy! Hi,

I’d like to mention http://www.shortreckonings.com
It is less ambitious than Scred but focuses on being very fast and trivial to use:
* You don’t need to register to use it;
* You can create your expense sheet immediately from the home page;
* The heart of the tool is its “debt reconcile” algorithm: you enter who paid for what and for whom, and Short Reckonings calculates the fewest number of payments needed to reconcile the debts.
* The user interface is fully Web 2.0 (it is built on Yahoo’s YUI open-source library), including keyboard shortcuts for fast expense entry;

No social networking features, no mobile Java edition, but a version optimized for the iPhone is in the plans.

Enjoy!

]]> By: Idea Quality Auditing Dept http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125610 Idea Quality Auditing Dept Thu, 03 Apr 2008 16:43:55 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125610 This idea reminds me of the web site that allows people in adjoining public bathroom stalls to divide up and share a single roll of toilet paper. Basically, if there are 75 sheets remaining on your toilet paper roll, and you're in the middle stall, you have to give 25 sheets to the stalls to your left and right if they ask you for it (which means that they are out of paper). The app can be downloaded to your "Palm" using a pen and simply writing out the math on your hand. The founders of TPshare.com note that toilet paper, at least in public restrooms is a shared resource and hope to make the allocation of this resource more fair. Sheryl Crow is an adviser to the company and has advocated for a strict 1 sheet limit per person. This idea reminds me of the web site that allows people in adjoining public bathroom stalls to divide up and share a single roll of toilet paper. Basically, if there are 75 sheets remaining on your toilet paper roll, and you’re in the middle stall, you have to give 25 sheets to the stalls to your left and right if they ask you for it (which means that they are out of paper). The app can be downloaded to your “Palm” using a pen and simply writing out the math on your hand. The founders of TPshare.com note that toilet paper, at least in public restrooms is a shared resource and hope to make the allocation of this resource more fair. Sheryl Crow is an adviser to the company and has advocated for a strict 1 sheet limit per person.

]]> By: Trace Johnson http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125421 Trace Johnson Thu, 03 Apr 2008 16:15:14 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125421 It's difficult to create a business around the strictly P2P piece as has been observed here. Mpayy has it, but we give it away for free. We do have a Mobile Merchant model at https://www.mpayy.com/info/mobileMerchantInfo.do which provides for Guaranteed Payments and 0% fraud liability. The idea there is that 14 million direct salespeople are doing $30 billion in sales per year, plus the potential for taxicabs, vendors at concerts, etc. Instead of needing a new piece of technology for a Mobile Point of Sale system, we transform any web-enabled cell phone into a cash register. It’s difficult to create a business around the strictly P2P piece as has been observed here. Mpayy has it, but we give it away for free.

We do have a Mobile Merchant model at https://www.mpayy.com/info/mobileMerchantInfo.do which provides for Guaranteed Payments and 0% fraud liability.

The idea there is that 14 million direct salespeople are doing $30 billion in sales per year, plus the potential for taxicabs, vendors at concerts, etc. Instead of needing a new piece of technology for a Mobile Point of Sale system, we transform any web-enabled cell phone into a cash register.

]]> By: Robert Spychala http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125341 Robert Spychala Thu, 03 Apr 2008 16:00:22 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125341 Hi, I'd also like to mention http://what.io/ It is a simple website to keep track of your IOUs. Works great as a facebook app and as a standalone website. It also goes the extra step which allows users to print official looking PDF certificates of ownerships to give to their friends. give it a try, r.S. Hi,

I’d also like to mention http://what.io/

It is a simple website to keep track of your IOUs. Works great as a facebook app and as a standalone website.

It also goes the extra step which allows users to print official looking PDF certificates of ownerships to give to their friends.

give it a try,

r.S.

]]> By: sky http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125334 sky Thu, 03 Apr 2008 15:59:00 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125334 Is this a first year computer science project? It has to be. So simple. Is this a first year computer science project? It has to be. So simple.

]]> By: Frank Church http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125302 Frank Church Thu, 03 Apr 2008 15:52:46 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125302 Um, what about paypal? Kind of a large one isn't it? Also, kushcash and textpayme. So, with 6 competitors, all of which have been live for sometime, I fail to see how their handling of different currencies (possibly unique) is a significant differentiator that could not be easily copied. good luck Um, what about paypal? Kind of a large one isn’t it?

Also, kushcash and textpayme.

So, with 6 competitors, all of which have been live for sometime, I fail to see how their handling of different currencies (possibly unique) is a significant differentiator that could not be easily copied.

good luck

]]> By: Harry Wang http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125295 Harry Wang Thu, 03 Apr 2008 15:51:37 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125295 This niche seems to be filling up quite quickly. Do people really owe others that much or often? I must live in a different world. Harry "an island" Wang This niche seems to be filling up quite quickly. Do people really owe others that much or often? I must live in a different world.

Harry “an island” Wang

]]> By: Yakov http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125267 Yakov Thu, 03 Apr 2008 15:46:21 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125267 cool app! cool app!

]]> By: BA http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125231 BA Thu, 03 Apr 2008 15:41:55 +0000 http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comment-2125231 short review... short review…

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