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Splitwise

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Company Overview

About Splitwise

Splitwise Details

Team Size

3

What SIA Thinks

Splitwise is a handy tool designed to help people organize and share expenses. Imagine a situation where you're on a trip with friends, sharing an apartment with roommates, or planning a big party. Keeping track of who owes what can get really confusing, really fast. That's where Splitwise comes in.

With Splitwise, you can easily split expenses and forget the hassle of complicated calculations. You simply add your expenses, indicate who paid, and the app does all the math for you. It keeps a running total of what everyone owes, so there's no need for awkward conversations about money.

Another great feature is the ability to settle up at any time. Whether you're settling a debt by paying back in full or splitting payments into smaller installments, Splitwise accommodates that. It syncs across devices, so whether you're on your phone, tablet, or computer, you have up-to-date information.

Splitwise also integrates with payment apps like PayPal and Venmo, making it even easier to pay back what you owe or get reimbursed by your friends. You can also export your data for bookkeeping purposes, which is especially useful for larger group events or shared living expenses.

It's designed to be intuitive and user-friendly, so you don’t need to be a tech expert to navigate it. You can set up groups for different sets of people or occasions and start adding expenses right away. It helps to eliminate misunderstandings and ensures everyone is on the same page financially.

In short, Splitwise is about simplifying shared expenses so you can focus more on enjoying time with friends, family, or colleagues, and less on who owes what. Whether it's for a one-time event or ongoing shared costs, this tool makes managing expenses straightforward and less stressful.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • User-friendly design
  • Group expense sharing
  • Multi-currency support
  • Easy bill splitting
  • Tracks expenses

Cons

  • Ads in free version
  • No automated payments
  • Privacy concerns
  • Limited free features
  • Customer support issues

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