Compound vs WeMoney
The short answer: WeMoney is a free Australian money app built around debt: it connects your bank, credit card, loan, savings, investment and super accounts, shows your Equifax and Experian credit scores, tracks budgets, bills and subscriptions, and shows a net worth figure made from those connected balances plus values you type in yourself (property, HECS and the like). The free app carries ads and personalised loan and card offers; WeMoney Pro (A$9.99 a month or A$99 a year) removes the ads and adds extras. Compound is a paid whole-of-wealth tracker: property with loans, offsets, usable equity and cash flow, super from any fund, shares and ETFs at live prices, cash, crypto and a business, across personal, joint, trust, company and SMSF structures, with a projection of the year your investments could fund your life. Pick WeMoney if paying down debt and lifting your credit score is the job; pick Compound if the wealth you are building, your structures, a partner or the "when could I stop working?" question is what you want to track.
We make Compound, so read this knowing that. Every fact about WeMoney below is from its own public pages as at the date above (sources at the bottom), and anything we could not confirm is left out rather than guessed. If something has changed, tell us and we will fix it.
Side by side
| Compound | WeMoney | |
|---|---|---|
| Price | A$149/year or A$14.99/month; 30 days free, cancel anytime | Free, with ads and personalised offers. WeMoney Pro: A$9.99/month or A$99/year after a 7-day trial (the App Store lists the yearly plan at A$98.99) |
| Free plan | No free plan | Yes: the core app is free ("track and crush debt — for free"); Pro removes the ads |
| Bank connections | No bank logins: manual-first, with bank-statement import (CSV, Excel, PDF) | Yes: Open Banking through the Consumer Data Right (WeMoney is an accredited data recipient) for the banks that support it, and a "Standard Connection" that uses your login details through Yodlee or Finicity for the rest; read-only. Account types it lists: bank, savings, credit cards, loans, investments and super |
| Shares & ETFs | Yes: ASX and US shares and ETFs at live prices, in A$ | Investment accounts can be connected where the provider is supported (Raiz and ANZ Investments are in its list); otherwise a manual value. No share-price tracking or performance reporting is mentioned |
| Property | Yes: value, loans, offsets, usable equity, rental cash flow, development feasibility | Yes, as a manual asset: "manually add assets or liabilities that aren’t connected (like property values or HECS debt)". A dollar value you type in; no automatic valuation, equity or cash-flow view mentioned |
| Super | Yes, modelled as locked until preservation age (60) | Super accounts can be connected where the fund is supported; otherwise a manual entry |
| Crypto | Yes: exchange read-only keys or public wallet addresses | Not described as a tracked asset (crypto appears only as a community topic) |
| Business | Yes | Not mentioned |
| Trusts, companies, SMSF | Yes: personal, joint, family trust, company, SMSF | Not mentioned |
| Financial-independence projection | Yes: your "Freedom Year", with Australian tax, CGT and super access modelled | None today. "Projected net worth" is listed as a Pro feature "Coming in 2027" |
| Budgeting | Yes: income, spending and monthly surplus | Yes: categorised transactions, budgets and spending insights, recurring bills and subscription detection; custom categories are Pro-only |
| Tax time | Yes: EOFY pack per entity for your accountant (not tax advice) | Not mentioned |
| Couples | Yes, shared household | Not mentioned. "Stealth Mode" hides your balances when you show the app to someone else |
| Platforms | Web, iOS, Android | iOS and Android; desktop web access for Pro subscribers |
| Made in | Australia (Sabea Tech Pty Ltd) | Australia (WeMoney Pty Ltd, Perth; Australian Credit Licence 526330); "over 1,600,000+ downloads in Australia" |
Where WeMoney is the better choice
- Free to use. The core app costs nothing; the trade is ads and personalised loan, card and energy offers in the experience. Compound is A$149 a year or A$14.99 a month after 30 free days, with no ads or offers.
- Debt and credit: your Equifax and Experian credit scores, updated monthly with a soft check, every debt in one feed, and debt-consolidation offers with an approval likelihood before you apply. Compound tracks your loans as part of your net worth but has no credit score and sells you nothing.
- Bank feeds: Open Banking through the Consumer Data Right, plus credential-based connections for institutions that are not on Open Banking yet, so balances and transactions update themselves. Compound has no bank logins by design.
- Day-to-day money: categorised transactions, budgets, recurring bills and a subscription detector, with a community of other members inside the app.
Where Compound is the better choice
- The wealth that is not in a bank account: property with loans, offsets, usable equity, rental cash flow, borrowing power and development feasibility; ASX and US shares and ETFs at live prices; crypto; a business. In WeMoney these are dollar values you type in and update yourself.
- Super from any fund, modelled as locked until preservation age (60) and built into the projection. WeMoney connects a super account only where the fund is supported.
- Structures: personal, joint, family trust, company and SMSF, each on its own or combined. WeMoney does not mention entities.
- The projection: Compound projects the year your investments could fund your life, with Australian tax, capital gains and super access in the maths. WeMoney’s projected net worth is listed as coming in 2027.
- Couples in one household view, an EOFY tax pack per entity for your accountant, no ads or third-party offers, and the web as well as iOS and Android on every plan.
Which should you pick?
If you are paying down debt, want your credit score in front of you and like your bank accounts flowing in automatically, WeMoney fits, and the core app is free.
If your wealth sits in property, super, shares and structures, you track it with a partner, or you want the "when could I stop working?" projection, Compound is built for that. You get 30 days free, cancel anytime, to see your own numbers in it first.
Common questions
Is WeMoney free?
Yes. The core WeMoney app is free, supported by ads and personalised offers from its lending and product partners. WeMoney Pro, which removes the ads and adds features such as custom categories and desktop access, is A$9.99 a month or A$99 a year after a 7-day trial. Compound is A$149 a year or A$14.99 a month, with no ads, and every new account starts with 30 days free, cancel anytime.
Does WeMoney track net worth?
Yes. It adds up the balances of your connected accounts (cash, investments, super) and subtracts your connected debts, and you can add anything that is not connected, such as a property value or HECS debt, as a manual dollar figure. Compound values listed shares, ETFs and crypto from live prices, tracks property with its loans and equity, and models super as locked until 60.
Does WeMoney connect to my bank?
Yes. For banks on Open Banking it uses the Consumer Data Right as an accredited data recipient; for others it offers a read-only connection using your login details through its aggregation partners. Compound never asks for bank logins: you add what you own, listed holdings update from live prices, and you can import bank statements and contract notes.
Does WeMoney track property, trusts or an SMSF?
Property, yes, as a manually entered value in the net worth view. Trusts, companies and SMSFs are not mentioned. Compound tracks property with loans, offsets, usable equity and rental cash flow, and holds assets under personal, joint, family trust, company and SMSF structures.
Can I use WeMoney and Compound together?
Yes. Some people use a free bank-connected app for debts, credit score and day-to-day spending, and Compound for the whole-of-wealth picture, structures and the retirement projection.
Sources for WeMoney, checked 9 November 2026: www.wemoney.com.au/, www.wemoney.com.au/wemoney-pro, www.wemoney.com.au/open-banking, www.wemoney.com.au/banks, www.wemoney.com.au/security, help.wemoney.com.au/en/articles/13794561, help.wemoney.com.au/en/articles/13794625, help.wemoney.com.au/en/articles/13794241, help.wemoney.com.au/en/articles/13793409, apps.apple.com/au/app/wemoney/id1524236901. Compound’s own details: pricing, features.
See your own numbers in Compound
Property, super, shares, cash, crypto and business in one view, and the year your investments could fund your life. 30 days free, cancel anytime.
Get started →