Floza is a mobile platform that automates group expense splitting, sending gentle reminders and enabling instant bank transfers for settlements. Users create a payment request, invite participants via text or email, and can use AI‑powered receipt scanning to calculate fair splits, with funds transferred instantly to the organizer.
Funding
Funding not disclosed
Founders
Product
Problem
Managing shared expenses among friends, family, or roommates often requires manual tracking, frequent reminders, and waiting for delayed reimbursements, which can be time‑consuming and strain relationships.
Solution
Floza provides a mobile platform that streamlines group payments by automating expense splitting, sending gentle reminder notifications, and enabling instant bank transfers for settlements. Users can create a payment request (a “Flo”), invite participants via text or email, and let the app calculate each person’s share, optionally using AI to scan receipts for accurate splits. Once invited, participants pay their portion directly within the app, with funds transferred instantly to the organizer. The service emphasizes security and enterprise‑grade protection for financial data, reducing the friction and awkwardness of traditional group expense management.
Target Audience
Floza is aimed at individuals and small groups—such as roommates, travel companions, friends planning events, and families—who need an easy way to manage shared expenses and receive prompt reimbursements.
Features
- AI‑powered receipt scanning that automatically extracts amounts and suggests fair splits
- Automated, customizable reminder notifications to prompt payments without awkward follow‑ups
- Instant bank transfers for immediate settlement of owed amounts
- Simple group creation workflow with templates for trips, rent, gifts, meals, etc.
- Invitation via text or email with real‑time status tracking of who has paid
- Secure handling of financial data with enterprise‑grade encryption