Split seamlessly aggregates a user’s purchase history made via credit and debit cards allowing users to select multiple expenses and split the aggregate expense amount between multiple users via the dollar amount or percentage they owe. Additionally, Split allows users to schedule recurring payment requests for common recurring expenses which dont change month to month, such as rent, media subscriptions, internet, etc.
The Problem: Splitting expenses with others via peer-to-peer payment apps can be time consuming and complicated.
How much was the utility bill last month and how much do each of my roommates owe me?
Current Process:
– Log into utility provider or credit card provider
– Write down total bill amount on piece of paper
– Open calculator app and calculate amount owed by each person
– Send individual Venmo requests to each roommate
Split’s Solution:
Split seamlessly aggregates a user’s purchase history made via credit cards and debit cards and automatically calculates how much each person is responsible for paying.
– Select utility bill from aggregated purchase history
– Select whom to Split the expense with
– Users can create custom groups to make sharing expenses with groups easier.
– Customize by dollar amount or percentage each person is responsible for
– Initially Split assumes that the expense will be equally shared between the user and other members selected.