Finance startup Wesabe dies

Personal finance site Wesabe.com, which helped users track their spending and compare their habits with others, died Thursday, and will be deleting all customer financial data on July 31st. The site’s home page now displays a notice from CEO Marc Hedlund encouraging users to remove their data.

Staff and resources were stretched at Wesabe, which launched in 2005, and had been backed by Union Square Ventures and O’Reilly AlphaTech Ventures.

In its final days, the company was operating on a “shoestring budget,” according

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in