What happened to Monse?
In recent months many things have changed in Monse, a project that was almost abandoned is now back with more energy than ever.
I haven't talked about Monse for a while and I think I owe you explanations (I also feel like giving you one).
If you follow the project, since the beginning it has gone through several different phases.
I started fully on the project, super motivated and active. I dedicated time to it practically every day and the pace of updates was frenetic.
As time went by, I was still motivated, but I focused more on getting users and increasing MRR.
Then, there were problems, the costs of the service increased and the MRR did not take off, and the project became half abandoned. Consider selling it, making it open source, closing it, etc.
In the end, after a few months of inactivity, the project returns with more enthusiasm than ever.
Monse has been partially acquired
Two people, with a lot of potential and experience in the sector, have bought a large part of the application with the intention of taking it to the next level.
I still maintain a part of the application and I am still an active part of the development, although I am no longer alone.
They have great ideas that we are currently working on.
First, we are going to add more bank providers to the platform and will be compatible with banks in the United States and Canada, in addition to adding credit cards and loans. The idea is to reach beyond my Twitter account.
We want to add budgeting functionalities and detect recurring charges like those that come from subscriptions (Netflix, Spotify, etc.)
We are going to improve current compatibility with bank in EU. Right now we are having some problems creating new connections.
We are going to relaunch iOS and Android app. Maybe we can add some widgets to the Android app too.
We are going to invest in ads, and focus on USA market. The idea is to reach beyond my Twitter account.
We will see how everything progresses, it is too early to draw conclusions, but I am sure that Monse will become the best tool to manage your assets.