Software Alternatives, Accelerators & Startups

Open.money VS Impact Diary

Compare Open.money VS Impact Diary and see what are their differences

Open.money logo Open.money

Open is a connected banking platform for business payments that simplifies the process of sending, receiving, and reconciling payments for businesses.

Impact Diary logo Impact Diary

Privacy-first productivity tool that combines note-taking, task tracking and journaling into one simple app.
  • Open.money Landing page
    Landing page //
    2023-09-18

Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space globally.

In May 2022, OPEN raised its Series D round and became the 100th Unicorn from India. OPEN is backed by leading global investors like IIFL Finance, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD190 million in funding to date.

  • Impact Diary Landing Page
    Landing Page //
    2024-06-12

Open.money

Website
open.money
$ Details
freemium $81.52 / Annually
Platforms
Browser Android iOS
Release Date
2017 May
Startup details
Country
India
State
Karnataka
City
Bengaluru
Founder(s)
Ajeesh Achuthan
Employees
250 - 499

Impact Diary

$ Details
Platforms
MacOS Windows Linux Web iOS / Android (PWA)
Release Date
2024 May

Open.money features and specs

No features have been listed yet.

Impact Diary features and specs

  • Create tasks: Keep easy track of everything you need to do by setting recurring tasks, due dates and more.
  • Take notes: Write in an intuitive, responsive editor that gets out of your way and lets you focus on your ideas.
  • Keep a journal: We know it's hard to keep a consistent journal, so we made it super simple to gather insights, reflect on your journey and see how far you've come.
  • Sync all your devices: Whether you are on your phone, tablet, or computer, your data will be there.

Category Popularity

0-100% (relative to Open.money and Impact Diary)
Online Payments
100 100%
0% 0
Productivity
0 0%
100% 100
Accounting & Finance
100 100%
0% 0
Note Taking
0 0%
100% 100

Questions and Answers

As answered by people managing Open.money and Impact Diary.

How would you describe your primary audience?

Impact Diary's answer:

Our primary audience consists of individuals who work on their computers and seek to stay consistent and productive with their goals. They want a tool they can use forever to grow their knowledge, complete tasks, and continually make progress.

What's the story behind your product?

Impact Diary's answer:

I, (Filip, Founder of Impact Diary) couldn't find a tool that seamlessly combined note-taking, task management, and journaling into one simple app to help me build knowledge, complete tasks, and progress toward my goals. So I created Impact Diary to do exactly that—focusing on user experience and privacy to ensure the tool is simple, effective, and can be used independently forever.

Which are the primary technologies used for building your product?

Impact Diary's answer:

Impact Diary was built using React and Electron on the frontend, and Node.js on the backend.

What makes your product unique?

Impact Diary's answer:

Impact Diary is a comprehensive productivity tool that combines note-taking, task tracking, and journaling into one simple app. It’s designed for lifelong use, with all your data stored only on your device, ensuring privacy, ownership and eliminating dependence on us or other external companies. Best of all, it can be used for free, forever, without any limitations.

Why should a person choose your product over its competitors?

Impact Diary's answer:

Advantages over Notion: Way simpler UI, all user data is only stored locally on their device - providing significantly faster load time, fully functional offline mode and complete privacy of their data

Advantages over Obsidian: Dedicated features for task tracking and journaling - not just note-taking, with cheaper end-to-end encrypted device syncing compared to Obsidian Sync

Advantages over Reflect: Free to use forever (not even required to sign up), has better task tracking, with a cheaper syncing plan

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Open.money and Impact Diary

Open.money Reviews

  1. Great app

    Overall, I highly recommend Open to fellow entrepreneurs and business owners. The platform offers a comprehensive set of features that streamlined my financial operations. Open provides tools for tracking expenses, invoicing clients, and managing cash flow. The user-friendly interface makes it easy to navigate and access the necessary information efficiently. The ability to connect multiple bank accounts and view consolidated financial data in one place has saved me a tremendous amount of time and effort. However, I do miss the founder's One Card, which was a valuable addition to the platform. I hope that Open considers relaunching it soon, as it provided convenience and enhanced control over business expenses.

  2. Simplifies transactions and exceptional support

    I have been utilizing Open for my business transactions, and it has been an incredible experience. It seamlessly integrates with my existing systems, making the payment process straightforward. I feel extremely secure using it, and whenever I have had inquiries, their customer support has been exceptionally helpful. Open provides a variety of payment options, which has significantly contributed to the growth of my business. Overall, my experience with Open has been exceptional.

  3. Effortless Financial Tracking with Open's Digital Dashboard

    The open digital dashboard provides the summary of my account balances, payables, and receivables, making it easy to track my finances. Moreover, the beneficiary management feature simplifies handling recipients, ensuring seamless and efficient transactions. I enthusiastically recommend it to anyone seeking to streamline their financial management.

Impact Diary Reviews

  1. I was using Obsidian before, but the task tracking in Impact Diary was what made me switch. Great app!

Social recommendations and mentions

Based on our record, Open.money seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Open.money mentions (1)

  • open.money bank reviews
    Has anyone used open.money for banking purpose? Source: over 1 year ago

Impact Diary mentions (0)

We have not tracked any mentions of Impact Diary yet. Tracking of Impact Diary recommendations started around May 2024.

What are some alternatives?

When comparing Open.money and Impact Diary, you can also consider the following products

Razorpay - Payment gateway solution for India with robust, developer friendly API and simple economic pricing.

Notion - All-in-one workspace. One tool for your whole team. Write, plan, and get organized.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Obsidian.md - A second brain, for you, forever. Obsidian is a powerful knowledge base that works on top of a local folder of plain text Markdown files.

Zoho Books - Smart Accounting for Growing Business

Reflect - Reflect is a note-taking tool designed to mirror the way your brain works.