Splitkaro simplifies group expense management with an application for tracking shared bills and facilitating payments among users. The platform allows users to easily split costs, record transactions, and settle balances within groups.
Funding
Funding not disclosed
Founders
Product
Problem
Managing shared expenses among groups, such as friends, family, or flatmates, can be cumbersome, often involving manual calculations and delayed settlements. Existing solutions may lack features for item-wise splitting, integration with common payment platforms, and automated expense tracking.
Solution
Splitkaro is a mobile application designed to streamline group expense management and facilitate seamless payments. The platform enables users to create groups, add expenses, and split costs fairly among members. Key features include item-wise bill splitting, integration with UPI payment apps, and automated expense detection from SMS. Splitkaro simplifies the process of tracking shared expenses, managing balances, and settling dues within groups, promoting transparency and reducing friction in financial interactions. The app also supports personal expense tracking, providing users with insights into their spending habits and enabling better financial management.
Target Audience
Splitkaro primarily targets individuals in India and the USA who frequently share expenses with groups, including students, young professionals, flatmates, and travel buddies. The app also caters to businesses seeking to offer split payment options to their customers.
Features
- Group expense tracking and bill splitting among friends, family, and flatmates
- Item-wise bill splitting for online food orders and groceries from platforms like Zomato, Swiggy, Zepto, and Blinkit
- Automated expense detection from SMS and UPI payment apps
- Integration with UPI payment apps like GooglePay, PhonePe, and Paytm for direct expense addition
- Personal expense management with categorization, spending insights, and smart reminders
- Group creation and management with options to add or remove members
- Balance simplification to minimize the number of payments within a group
- Reminders for group members to settle balances
- Import groups and expenses from Splitwise
- Rent payment feature for splitting rent among roommates