Monefy alternative

Monefy vs Splitkaro: two taps, or no taps at all.

Monefy is built around one very good idea: recording a spend should take two taps. Splitkaro is built around a different one: the spend already happened, your bank already texted you about it, so it should not take any taps. And when the bill was shared, it should split.

The short answer

Monefy if you want the fastest manual entry and your data backed up to your own Drive or Dropbox. Splitkaro if you would rather not type at all, because your bank already texts you every spend, and anything shared needs splitting.

Splitkaro vs Monefy, feature by feature

Splitkaro vs Monefy, feature by feature
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

Where Monefy is the better pick

Your data can live in your own Google Drive or Dropbox rather than on someone else’s server, which is a real answer for anyone who would rather not hand their spending to a company.
More than 150 currencies, converted automatically. Splitkaro works in one currency today.
If you genuinely only track your own money and never split anything, Monefy is a smaller, simpler app for that job.

Questions, answered

Is Splitkaro a good Monefy alternative?

If you only track your own spending and like entering it by hand, Monefy is lighter and does that well. If your bank SMS could be doing the work for you, or any of your spending is shared with flatmates or friends, Splitkaro covers both in one place.

Does Monefy import bank transactions automatically?

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.

Can Monefy split expenses with friends?

No. Monefy tracks one person’s money. Splitting a bill, keeping group balances and chasing a settlement are what Splitkaro adds.

Is Splitkaro free?

Adding expenses is free and unlimited, and overall spending analytics are free too. Premium is optional.