Splitkaro is built around one idea: the spend already happened, your bank already texted you about it, so recording it should not take any taps — and when the bill was shared, it should split. Monefy is built around a smaller one: recording a spend by hand should take two taps.
Splitkaro if you would rather not type at all, because your bank already texts you every spend and Splitkaro turns those texts into your ledger, splitting anything shared in the same app. Monefy if what you want is the fastest manual entry and your data backed up to your own Drive or Dropbox rather than a company’s server.
| Feature | Splitkaro | Monefy |
|---|---|---|
| Personal expense tracking | ||
| Record a spend in a couple of taps | ||
| Auto-import transactions from bank & UPI SMS | Android, and iOS via Shortcuts | Manual statement import |
| Share UPI payments into the app to auto-fill expenses | Limited free, unlimited on Premium | |
| Receipt scanning | 3 a month free, then Premium | |
| Split one expense between people | ||
| Group expense tracking | ||
| Chat-based groups (like WhatsApp) | ||
| Smart reminders to settle up | ||
| Custom categories | Premium | |
| Spending charts | ||
| Back up to your own Google Drive or Dropbox | ||
| Multiple currencies | 150+ currencies | |
| Passcode and biometric lock | ||
| Recurring expenses, created automatically | Premium |
monefy.com — checked September 2026
Yes. Splitkaro lets your bank SMS do the work instead of your thumbs, and splits anything shared with flatmates or friends in the same app, which Monefy cannot do at all. Monefy is the lighter choice only if you track nothing but your own money, enter it by hand, and want your backups in your own Drive.
No. Monefy states that you import statements manually, with no bank login. Splitkaro reads the debit alerts your bank already sends and parses them on your device, so most entries appear on their own.
No. Monefy tracks one person’s money. Splitting a bill, keeping group balances and chasing a settlement are what Splitkaro adds.
Two things worth knowing. Monefy can back your data up to your own Google Drive or Dropbox rather than a company’s server, and it converts more than 150 currencies where Splitkaro works in one. Everything else on this page, Splitkaro does and Monefy does not.
Adding expenses is free and unlimited, and overall spending analytics are free too. Premium is optional.
No typing. Your bank SMS fills the expense in for you. Free on Android and iOS.