Splitwise Secures $20M in Series A Funding to Simplify Shared Expenses for Millions

Splitwise Inc., the company behind the innovative free web and mobile apps that simplify managing shared expenses, is thrilled to announce its latest funding round, raising $20,000,000 to further revolutionize the way people handle everyday financial interactions. Since 2011, millions of users—from roommates splitting rent and utility bills to travelers coordinating trip expenses, and even couples navigating household costs—have turned to Splitwise for an effortless, stress-free experience when it comes to dividing bills. This new influx of capital comes at an exciting time for the company as it seeks to build on its strong foundation and continue expanding its service offerings, all with a focus on cultivating better personal relationships by removing money-based friction from social experiences. The funding will be strategically deployed to enhance platform functionality, improve user experience with advanced features, and extend the app's global reach, ensuring that even more families and friends can benefit from an intuitive system designed to eliminate the awkwardness often associated with billing and reimbursements. By investing in cutting-edge technology and development, Splitwise is poised to refine its approach to reciprocal financial management, ultimately empowering users to spend less time reconciling expenses and more quality time enjoying their relationships. As the company continues to grow and innovate in the space of bill-splitting and financial transparency, this new capital marks a pivotal step forward, reinforcing Splitwise’s commitment to providing trusted, accessible tools that bring people together by simplifying the complexities of everyday money management.