Splitwise was interviewed last Tuesday on Bloomberg TV!
See the full video here
Providence, RI, April 16th 2013 - Splitting bills can be a big source of relationship stress, whether it’s not having enough cash at a restaurant, organizing receipts after a group vacation, or collecting rent from a friend. If you experience these problems every month, Splitwise is a very simple app to manage these IOUs and pay them back via cash or online payment.
Today, Splitwise adds a “peer-to-peer” mobile payment functionality for iPhone, powered by PayPal. This makes it a new offering in the competitive mobile payment space, but its focus is very different from existing apps. First, its integrated IOU tracker is primarily designed to track bills, cash payments and offline purchases easily and quickly, without forcing a particular payment method. Second, payments require no new bank details or sign-ups for US users who have a PayPal account.
“Existing mobile payment solutions don’t address the actual social problem created by owing your friends money,” said Splitwise CEO and co-founder Jonathan Bittner. “And no one wants to ask their friends to sign-up for yet another payment system. Splitwise is absurdly simple to sign-up for, and if a stubborn doesn’t want to sign-up and only wants to pay back by cash or check, Splitwise can handle that too.”
As part of this launch, Splitwise has also added many other crowd-pleasing features, such as offline travel mode for iPhone, push-notifications, expense search, and a sleeker look and feel on its website.
The Splitwise app is free for iPhone and Android, and can also be used completely on the Splitwise website.
About Splitwise:
Since the launch of its innovative “rent-splitting calculator” in February 2011, Splitwise has become the leader in social bill-splitting. Splitwise’s expense tracker currently tracks over $40MM each month for users and helps couples, travellers, and groups of friends stay relaxed about money.
Contact:
Jonathan Bittner
CEO and Co-founder
jon@splitwise.com
914.299.1649