TABBit provides a payment request platform that leverages Open Banking APIs to enable users to send and receive payments securely without sharing bank details. It simplifies group expenses, bill splitting, and event payments by allowing anyone to pay via a shared link, with instant notifications and tracking to eliminate payment delays and awkward reminders.
Funding
$404.1K 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
Splitting expenses among friends and family often involves awkward conversations, manual calculations, and the cumbersome exchange of bank details, leading to delays and potential errors in reimbursement. Existing payment methods may require all parties to download a specific app or create an account, adding friction to the process.
Solution
TABBit offers a payment request platform that streamlines the process of sending and receiving money, leveraging Open Banking APIs for secure transactions without the need to share sensitive bank details. Users can generate a payment request link and share it via their preferred messaging platform. Recipients can then complete the payment directly through their own banking app, without needing to sign up for TABBit. The platform provides instant notifications and tracking, eliminating the need for manual follow-ups and ensuring prompt reimbursement. By integrating with a wide range of UK banks, TABBit simplifies group expenses, bill splitting, and event payments, making it easier for individuals to manage shared costs.
Target Audience
TABBit primarily targets individuals in the UK who frequently split expenses with friends, family, or colleagues, such as for group dinners, travel, rent, or social events.
Features
- Payment requests via shareable links, compatible with any messaging platform
- Open Banking integration for secure and direct bank transfers
- No recipient sign-up required; payments are made through their existing banking app
- Instant payment notifications and tracking for senders
- Support for splitting bills and sharing group expenses
- Compatibility with all major UK banking apps
- Optional premium version with increased request limits and extended link expiry