Looking for a Walnut (axio) alternative? What to compare
Walnut is now axio, an Amazon company that also lends. If you only want your spending tracked, here is how Spendly compares — and what moves with you.
What changed with Walnut
Walnut began in 2014 as an SMS expense tracker. It was bought by the lender Capital Float in 2018, became axio in 2022, and has been owned by Amazon since September 2025. Its app now offers Pay Later, personal loans and fixed deposits alongside the tracker.
Spendly only tracks. It does not lend, sell credit, show loan offers or move money. It earns from Spendly Premium, nothing else.
Side by side
As each company describes itself, checked on 24 October 2026. If something here has changed, tell us and we fix it.
| axio (formerly Walnut) | Spendly | |
|---|---|---|
| Loans and Pay Later | Yes — its own NBFC and partners | No, never |
| Where it tracks from | Business SMS on Android | Bank SMS and notifications on Android, and bank emails in Gmail |
| iPhone and computer | Android only | Android app, and any browser — iPhone too, through Gmail alerts |
| Your bank messages | Its FAQ says business SMS are saved on its servers | Read once, then dropped — only amount, date, account and payee are kept |
| Same payment by SMS and email | Not something it describes | Recorded once |
| Loans and EMIs you already have | Not something it describes | Tracked: principal and interest left, next EMI |
What moves with you
- Your history lives in your Spendly account, not on the phone — a new phone, or the website, shows everything.
- Delete your account and its data any time, from the app or the delete-account page.
Bring in older months from your bank statement; rows you already have are skipped. See how automatic tracking works.
What Spendly does not do yet
- Importing a Walnut or axio export file directly.
- Reading every bank: Spendly reads alerts from 36 banks today; others are added by hand.
- A Hindi app.
Start tracking free. With Premium, your bank’s own alert emails and SMS add each payment for you.
Start tracking →Questions
Is Spendly free?
Tracking by hand, budgets, bills, goals, loans, reports and investments are free. Automatic tracking from bank SMS and email is part of Spendly Premium.
Will Spendly ever offer me a loan?
No. Spendly does not lend or sell credit, and does not show loan offers.
Does Spendly keep my SMS?
No. Each bank message is read once to find the amount, date, account and payee; the text itself is not stored.
Does it work on iPhone?
Yes, in any browser. iPhone does not let apps read SMS, so there Spendly tracks from your bank’s Gmail alerts.