Billpin acquires larger US rival BillMonk

Co-founder Darius Cheung announced his company Billpin, based out of Singapore, has acquired larger US rival BillMonk for an undisclosed fee, according to Tech in Asia.

BillPin, which enables users to split bills, acquired its U.S. competitor from Obopay, the mobile payments provider which bought BillMonk in 2007.

Bill splitting services enables users to settle payments such as rent, utility bills and meals online or through a mobile app.

BillPin, which only launched in February, did not reveal the subscriber count for the two services but Cheung told Tech in Asia that the larger BillMonk had “probably more than 50 times our user base”.