Toronto’s Spenz the only Canadian startup competing in TechCrunch Disrupt but falls short of top prize

Beating out a thousand other companies that applied to TechCrunch Disrupt, Toronto-based Spenz was met with great enthusiasm and as a result they were the only Canadian company competing in the Disrupt battlefield.

In the final rounds, Spenz was judged by a panel of judges including such names as Jon Brod, President of AOL Ventures and COO of Huffington Post, and David Tisch, the managing director at TechStars.

Spenz is a web and mobile app nicknamed the “Where did your money go?” app. Going beyond the standard features of a traditional budgeting app, Spenz has opted to build-in tracking of purchasers’ frequency and patterns so it intuitively presents you with the tags you want, when you want them, allowing for most data inputs in less than three seconds.  

According to the startup, this breakthrough addressed one of the biggest issues with most budgeting applications in the marketplace: input time. Spenz is also anonymous; it doesn’t require your credit card number, banking information, or even your name. Plus, Spenz is built with incentives and rewards to ensure users stay on track with their budgets helping them modify bad habits and save more.

Unfortunately, Spenz didn’t make it into the top six, but nonetheless had a good run and represented Canada well.

Spenz is now available for free for iPhones.