What BudgetBakers.com does

BudgetBakers s.r.o. is a Prague-based fintech founded in 2014 by Jan Muller, with Michal Kratochvil serving as CEO since 2016. The company operates a portfolio of consumer and small-business financial management applications centered on bank-account-connected expense tracking, budgeting, and cash-flow forecasting. Its flagship product Wallet serves personal and family finance users with AI-powered transaction categorization, multi-currency support, and bank synchronization across 15,000+ financial institutions in 80+ countries. Complementary products include Board (SME/freelancer cash flow management), ShareCost (group expense splitting), and an AISP open banking API platform sold to developers and fintechs.

The underlying technology stack spans Go, Kotlin, React TypeScript, Swift, Scala, and Python on AWS infrastructure, with the company operating as a PSD2-licensed Account Information Service Provider under Czech National Bank authorization, supplemented by ISO 27001, PCI DSS, GDPR, and DORA compliance. The AI feature set includes machine-learning transaction categorization that improves with usage, predictive cash-flow forecasting over 30/60/90-day windows, anomaly detection, receipt OCR, and a recently launched MCP-based integration that exposes financial data to large-language-model clients (Claude, ChatGPT) via natural-language queries. The company reports 14M+ cumulative downloads, 5M+ app users, 500K+ paying customers, and a 4.7 average app store rating.

BudgetBakers runs a product-led, freemium go-to-market distributed through the iOS App Store, Google Play, and web apps with no credit card required for trial. Premium conversion is driven through Wallet subscriptions (monthly/annual) and one-time lifetime licenses, with bank connection, advanced automation, and multi-platform sync functioning as key paywalls. An emerging B2B revenue motion targets developers and fintech businesses through the AISP API, Wallet REST API, and Power BI/Excel integrations. No revenue, ARR, or valuation is disclosed in the input data; external funding to date totals approximately $7.9M across seed checks from StartupYard, a Rockaway Capital involvement in 2019, and a $7.49M round in April 2021.

Name

BudgetBakers.com

Legal name

BudgetBakers s.r.o.

Website

https://budgetbakers.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

BudgetBakers is a Prague-based fintech offering consumer and SME financial management apps—Wallet, Board, and ShareCost—plus an AISP open banking API, serving 500K+ paying customers across 80+ countries through a freemium, product-led model.

Ownership category

akta.pro rank

Product category

Personal Finance Software

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Budgeting & Cash-Flow Management (FSAGADAA)

akta.pro secondary industry

Expense Tracking & Financial Dashboards (FSAGADAB)

Keywords

• Personal finance app
• Expense tracking
• Budget management
• Open banking api
• Money management

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Wallet Premium Subscription: Premium subscription tier for Wallet app providing advanced automation features including bank syncing, unlimited budget tracking, multi-currency support, and family sharing. Subscription works across all platforms (iOS, Android, Web).
2. Wallet Lifetime Premium: One-time purchase option providing permanent access to all premium features. Eliminates recurring monthly fees with payback period typically within first year.
3. Board Business Tool: Free tier available for basic cash flow management. Premium features for advanced analytics, team collaboration, and unlimited history.
4. ShareCost Premium: Core app free with unlimited groups and friend invites. Premium upgrade unlocks receipt scanning, recurring expenses, CSV export, group budgets, and removal of per-group expense limits.
5. AISP API Services: Banking API platform for developers and businesses with free sandbox access. Enterprise-grade security with ISO 27001 compliance and 99.9% uptime. Pricing likely enterprise/quote-based.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

BudgetBakers develops and operates consumer personal finance applications (Wallet) for expense, budget, and bank account tracking, a group expense-sharing tool (ShareCost), a small-business finance management platform (Board), and a regulated Open Banking AISP API for fintech developers and financial institutions. The products are delivered across mobile (iOS/Android), web, and API channels and are used in 80+ countries.

Product overview

BudgetBakers is a Prague-based fintech company offering a portfolio of four interconnected financial management products. Wallet is the core personal finance app providing expense tracking, smart budgeting, and bank synchronization. Board serves small businesses with cash flow forecasting and expense budgeting. ShareCost enables group expense splitting with multi-currency support. AISP provides the underlying open banking API infrastructure that powers bank connectivity across all products, including the REST API and MCP integration for AI assistants. The products share infrastructure including 15,000+ bank connections, multi-currency support (50-170+ currencies), and cross-platform sync across iOS, Android, and web.

Differentiator

Problem solved

Functional benefit

Brands

• Wallet: Personal and Family Finance Manager - smart budgeting, expense tracking, and bank synchronization
• Board
• ShareCost
• AISP

Products and services

• Wallet Consumer personal finance mobile and web app for tracking expenses, managing budgets, monitoring bank accounts, and aggregating financial data across multiple banks and currencies.
• ShareCost Group expense sharing app that lets users split bills, track shared costs, and settle balances among friends, roommates, families, or other groups.
• Board Small-business and freelancer finance management platform for tracking business expenses, invoices, and cash flow.
• AISP Open Banking API PSD2-licensed Account Information Service Provider API that gives fintech developers, lenders, and financial institutions access to aggregated bank account data, transactions, and balances across thousands of bank endpoints.

Quantifiable outcome

• Users report 10% average spending reduction
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability9 records

Feature8 records

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Monarch Money: Subscription-based personal finance management app with bank sync, budgeting and collaborative household features. Closest direct competitor to Wallet in terms of target consumer, freemium-to-premium model, and cross-platform availability.
• Copilot Money: iOS-first PFM app with AI-powered categorization, bank sync and premium subscription tier. Directly comparable to Wallet on mobile UX, category learning, and paid consumer positioning.
• Rocket Money: Personal finance management platform with subscription cancellation and bill negotiation features, owned by Rocket Companies. Competes head-to-head with Wallet for paid PFM subscribers in the US market.
• YNAB (You Need A Budget): Established subscription-based budgeting app focused on zero-based budgeting methodology. Comparable to Wallet on core budgeting use case and recurring subscription revenue model, though with a more education-driven approach.
• Emma: UK-based PFM app with Open Banking connections, budgeting, analytics and subscription tracking. Strong overlap with BudgetBakers on European consumer PFM, bank sync via PSD2-style rails, and freemium model.
• Splitwise: Group expense splitting app with multi-currency support and social network of users. Direct competitor to the newly launched ShareCost product, with strong incumbent network effects among friends, roommates and travelers.
• Money Lover: Multi-platform PFM app with bank sync, budgeting and expense tracking, broadly distributed in Asia and emerging markets. Comparable to Wallet on cross-platform availability, freemium model and global footprint outside the US/EU core.
• TrueLayer: European open banking API platform providing account information and payment initiation services under PSD2. Closest direct competitor to BudgetBakers' AISP offering on PSD2-compliant bank connectivity and developer-led GTM.

Broad incumbents

• Plaid: Dominant open banking and account-aggregation API platform serving thousands of fintech apps. Comparable to BudgetBakers' AISP product on bank-connectivity infrastructure, but operates at vastly greater scale across the US and Europe.
• Tink: European open banking platform owned by Visa, offering account aggregation, PSD2 connectivity and payment services to banks and fintechs. Comparable to BudgetBakers' AISP product, with broader institutional reach and deeper bank integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/budgetbakers
• Facebookfacebook.com/budgetbakers
• LinkedInlinkedin.com/company/walletapp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BudgetBakers.com