This app can help you split almost every bill
Splitr is designed to take the awkwardness out of splitting utility bills with roommates or dinners with friends. All you need is the receipt.
We've all been there. Whether it's splitting the bill at a restaurant where nobody brought cash and everyone is with different banks, or trying to make sure everyone pays their fair share of the rent and household bills. Splitting bills can be tricky, awkward and leave you out of pocket.
New app Splitr is aiming to change this.
"Splitr was initially born out of a drunken dinner in New York," said founder and CEO Dave Shurey. "I remember thinking, we've got powerful calculators, payment systems and cameras in our pockets, why isn't there an app that lets your quickly take a photo and split up a bill on the spot."
Splitr lets you split bills by taking a photo of a receipt. Using an OCR engine and machine learning technology similar to self-driving cars, the app then calculates the total of the bill, the items on the bill and their individual costs. You can split the bill with any of your phone or Facebook contacts or just add a phone number directly into the app. Then, just drag and drop people to what they owe.
A few bill splitting apps have been available on the market since 2013, but Splitr's point of difference appears to be its versatility.
"The feedback we received from our extensive testing was that people don't want to have one app for splitting a restaurant bill and one app for electricity and one app for gifts. They want a quicker, easier way to get paid back from their friends and track who has paid," Shurey said.
"We've had lots of different use cases from your regular office coffee round, to group tours and hotel bills on holiday, and even tickets to the F1."
After you've assigned people to pay a bill you can track payments and also send reminders.
"The app even texts your friends who don't have the app the amount and lets you remind them to pay when they haven't," said Shurey.
"Splitr smooths out any social friction associated with collecting money from friends."
Currently, Splitr supports transfers to Australian banks anc accepts payments from Australian Visa, MasterCards and bank accounts.
- Xinja cuts savings rate: Where can you get the best interest rate now?
- New COVID-19 lending scheme for SMEs selects fintechs Moula, Prospa
- Finder launches app to help you save up to $8,496 per year
- Volt bank and 86 400 both cut savings account rates
- How will we be using buy now pay later one year from now?