Blended is a financial management app that automates the tracking and categorization of shared expenses for divorced parents, ensuring compliance with divorce agreements. By providing a centralized platform for expense reporting and reimbursement, it simplifies the financial interactions between co-parents, reducing administrative burdens and enhancing transparency.
Funding
Funding not disclosed
Founders
Product
Problem
Divorced or separated parents often struggle to track, manage, and reconcile shared child-related expenses, leading to disputes and administrative burdens. Existing methods like spreadsheets or manual record-keeping are prone to errors, lack transparency, and fail to enforce compliance with specific divorce agreements.
Solution
Blended is a financial management application designed to automate the tracking, categorization, and reimbursement of shared expenses between co-parents. The platform allows parents to input expenses manually or automatically link bank accounts for transaction tracking. Blended then itemizes these transactions according to the pre-defined expense-sharing arrangement. The application generates detailed reports for reimbursement requests, facilitates child support payments, and provides a centralized platform for managing all co-parenting financial interactions.
Target Audience
Blended targets divorced or separated parents who share financial responsibilities for their children and seek a streamlined, transparent, and automated solution for managing these expenses.
Features
- Automated expense tracking and categorization for childcare, extracurricular activities, healthcare, and other shared expenses
- Customizable expense-splitting arrangements based on specific divorce agreements
- Bank account integration for automatic transaction import and categorization
- Detailed expense reporting with itemized lists for easy reimbursement requests
- Integrated child support payment management with automated scheduling
- Co-parent invitation feature for collaborative expense tracking and reimbursement
- Tracking of paid and unpaid expenses in a centralized dashboard