Shelf is a financial platform that provides a dedicated payments card for flatmates, enabling automatic expense splitting and cashback on shared essentials. It addresses the complexities of managing shared living costs by simplifying transactions for rent, utilities, and everyday expenses among friends and roommates.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing shared expenses among flatmates, friends, or even family members can be complicated, often leading to disagreements and difficulties in tracking individual contributions for expenses like rent, utilities, and groceries. Existing solutions often lack automation, requiring manual calculations and constant follow-ups to ensure fair and timely payments.
Solution
Shelf provides a dedicated payments card designed for individuals sharing expenses, automating the splitting of costs and offering cashback rewards on essential purchases. The platform simplifies the process of managing shared living expenses by providing a unified system for tracking, splitting, and paying for rent, utilities, groceries, and other shared bills. Users can easily allocate expenses, track contributions, and make payments through the app, eliminating the need for manual calculations or constant reminders. Shelf also offers exclusive event access and curated brand offers tailored for flatmates, enhancing the shared living experience.
Target Audience
The primary target audience includes individuals sharing living spaces such as flatmates, roommates, friends, and couples, as well as families looking for a streamlined solution to manage shared expenses.
Features
- Dedicated payments card for shared expenses
- Automatic expense splitting among users
- Cashback rewards on purchases of shared essentials
- Mobile app for tracking expenses, managing payments, and viewing transaction history
- Integration with bill payment systems for automated utility payments
- Exclusive access to events and curated brand offers for flatmates
- Option to manage family finances and daily expenses with friends