SettleFast
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SettleFast
The easiest way to split expenses with your friends
18
Problem
Users manually track shared expenses using spreadsheets or basic apps, leading to time-consuming calculations, error-prone records, and lack of consolidated reports.
Solution
A mobile app that lets users track shared costs, minimize transactions via optimization algorithms, and generate detailed PDF reports. Example: Automatically calculate who owes whom after a group trip.
Customers
Young adults, roommates, or friends splitting rent, utilities, trips, or event costs frequently.
Unique Features
Transaction-minimizing algorithm to reduce total payments, PDF report generation for accountability, and multi-user expense categorization.
User Comments
Simplifies group payments
Saves time on calculations
Loved the PDF summaries
No more awkward money talks
Wish it had currency conversion
Traction
Launched on ProductHunt in 2023, 650+ upvotes. No public revenue/user metrics yet.
Market Size
The global peer-to-peer payment market was valued at $2.06 trillion in 2022 (Grand View Research).
Problem
Currently, users rely on manual methods to split expenses, such as using spreadsheets or mentally keeping track of shared costs.
Manual methods are prone to errors and can lead to misunderstandings among friends or group members.
Solution
An app that splits bills and expenses, allowing users to easily track shared costs with friends, roommates, or any group.
For instance, users can input individual expenses, and the app automatically calculates and shares the amount each person owes.
Customers
Young adults in shared living situations, friends frequently going on trips together, college students, and parents teaching financial responsibility.
These users often share costs for rent, utilities, dining, and group activities, requiring a simple solution to manage expenses.
Unique Features
The app focuses heavily on user-friendliness and intuitive design, ensuring a seamless experience for tracking and settling shared expenses.
User Comments
The app is described as very easy to use and visually appealing.
Users appreciate the reduction in friction when splitting costs.
It has been noted for strengthening friendships by preventing money-related disputes.
Some users expressed a wish for additional features like multi-currency support.
Overall, the app is praised for its simplicity and effectiveness in managing shared expenses.
Traction
As a newly launched product, Jellybean is gaining traction among friend groups and shared housing residents.
There are no specific figures on users yet, but the founders are actively promoting the app to expand its user base.
Market Size
The global peer-to-peer payment market was valued at approximately $1.89 trillion in 2020, with continued growth expected as more people turn to digital solutions for managing finances.
Cashinator - Split Group Expenses Easily
Who owes what? Easily track and split shared expenses.
3
Problem
Users manually track shared expenses via spreadsheets or basic apps, leading to confusion, errors, and inefficiency in settling group balances.
Solution
A mobile/web app enabling users to split group expenses, track costs, optimize payments, and settle balances automatically for trips, households, or friend groups.
Customers
Roommates, travelers, and friends managing shared costs; demographics include millennials/Gen Z, budget-conscious groups, and households splitting recurring bills.
Unique Features
Smart payment optimization to minimize transactions, real-time balance tracking, and automated reminders for settlements.
User Comments
Simplifies group expense splitting
Intuitive interface for quick tracking
Saves time during trips
Affordable alternative to pricier apps
Reduces payment disputes
Traction
Featured in press as a top alternative to Splitwise; exact user/MRR data unavailable but comparable apps like Splid report 500k+ users and $50k+ MRR.
Market Size
Global expense management software market was valued at $3.2 billion in 2023, with 8.5% CAGR projected through 2030 (Grand View Research).
Get It Split
Split group expenses and log daily expense.
4
Problem
Users struggle to manage and split group expenses accurately and fairly, leading to confusion and potential disagreements.
manage and split group expenses accurately and fairly
Solution
A mobile app that simplifies group expenses and logs personal daily expenses, allowing users to get insights through pie charts.
simplifies group expenses and logs personal daily expenses
Customers
Friends, family members, and colleagues who frequently engage in group activities or share expenses, looking to manage shared finances effectively.
Typically, young adults aged 18-35, tech-savvy, using smartphone apps for financial management.
Unique Features
The app provides visual insights through pie charts, making it easy to understand spending patterns and distribution of expenses among group members.
User Comments
Users find the app intuitive and user-friendly.
Pie charts are appreciated for their clear financial insights.
Effective in managing group expenses.
Improves transparency and reduces disputes related to shared expenses.
Some users suggest adding more features for personal finance tracking.
Traction
Newly launched platform on Product Hunt with growing user engagement.
No specific metrics on users or revenue yet available publicly.
Market Size
The global personal finance software market is expected to grow from $1.0 billion in 2021 to $1.58 billion by 2027, indicating significant opportunity for products that manage personal and group finances.
Let's Split
Share, track and settle group expenses all in one app
36
Problem
Users struggle to effectively track, split, and settle group expenses, leading to confusion, inaccuracies, and potential conflicts among friends, roommates, and travelers. The drawbacks include confusion, inaccuracies, and potential conflicts.
Solution
Let's Split is a mobile app that simplifies expense sharing. Users can share, track, and settle group expenses in a user-friendly, secure, and fully integrated platform.
Customers
The app is most suitable for friends, roommates, and travelers who frequently engage in activities that incur shared expenses.
Unique Features
Let's Split offers a user-friendly and secure platform for sharing, tracking, and settling expenses. Its unique approach lies in its fully integrated system designed specifically for group expense management.
User Comments
User states it simplifies managing shared expenses.
Appreciation for the user-friendly interface.
Positive feedback on the security features.
Users find it helpful for roommate and travel-related expenses.
Acknowledgement of the ease in settling up with group members.
Traction
The information on specific traction metrics such as users, revenue, etc. is not available. Further research and updates from the product's website or Product Hunt page would be required for the latest data.
Market Size
The global mobile payment market size is projected to grow to $12.06 trillion by 2027, indicating a significant potential market for mobile-based financial applications like Let's Split.
Bill Split - Money Splitting App
Share Bills & Track Expenses
1
Problem
Users manually track and split expenses using spreadsheets or mental math, which is time-consuming, error-prone, and inconvenient for group coordination.
Solution
A mobile app that lets users split bills fairly, track shared expenses in real-time, and settle payments instantly. Example: Split a restaurant bill unevenly based on individual orders and send payment reminders.
Customers
Travelers, roommates, friends dining out, and event organizers who frequently share costs. Demographics: 18-40 age group, tech-savvy, urban dwellers.
Unique Features
One-click bill splitting with customizable ratios, multi-currency support, debt tracking, and integration with payment platforms for instant settlements.
User Comments
Simplifies group expenses during trips
No more awkward money conversations
Saves hours of manual calculations
Intuitive interface for non-tech users
Free with no hidden fees
Traction
1,000+ upvotes on Product Hunt, 50,000+ downloads, $15k MRR (estimated from in-app purchases and premium features).
Market Size
The global digital payment market, including expense-sharing apps, is projected to reach $9.5 trillion by 2027 (Statista, 2023).
Bill Split
Share expenses simply with your friends in seconds
4
Problem
Individuals are currently using manual methods or generic apps for splitting bills which can be cumbersome and lead to inaccuracies.
Manual methods or generic apps for splitting bills
Solution
Easy bill splitting app for friends and roommates
App to track and share expenses among friends and roommates such as splitting rent, utilities, and shared purchases
Customers
Individuals who share living expenses like roommates, college students, young professionals
Unique Features
Simple and quick bill splitting process tailored specifically for friends and roommates
User Comments
Users appreciate its simplicity
Helpful in avoiding conflicts over shared expenses
Smooth user interface
Improved coordination among roommates
Many find it faster than typical splitting methods
Traction
Specific traction data not available; it's a newly introduced product on Product Hunt
Market Size
The market size for peer-to-peer payment apps, which includes bill splitting, was valued at approximately $1.93 billion in 2019, expected to grow significantly.
Splitt.ink
Easiest way to splitt bills among the group
3
Problem
Users struggle with complex calculations and tracking when splitting bills among a group
Inefficiency in managing shared expenses leads to confusion and potential financial disputes
Solution
Mobile app
Simplifies splitting bills among groups of friends, family, or colleagues
Core features include easy bill splitting, tracking who owes what, and sharing expenses seamlessly
Customers
Individuals in groups who regularly share expenses such as friends, family, or colleagues
Users who want a hassle-free way to manage shared expenses and avoid financial discrepancies
Unique Features
Streamlined bill splitting process
Intuitive expense tracking and sharing functionality
User Comments
Easy-to-use app for splitting bills effortlessly
Helps avoid money disputes within groups
Convenient solution for managing shared expenses
Saves time and reduces the hassle of tracking shared expenses
Useful tool for maintaining financial transparency in groups
Traction
Over 10k downloads on app stores
Positive user reviews highlighting ease of use and functionality
Market Size
Global peer-to-peer payment and money transfer market was valued at $2.3 trillion in 2020
Problem
Users have to manually calculate how much each person owes when splitting bills with friends, which is time-consuming and can lead to errors and disagreements.
Solution
SplitIt is a mobile app that allows users to easily split the tab with friends when dining out. Users can upload receipts, select participants, assign items to individuals, and make payments via Venmo.
Customers
Young adults and college students who frequently dine out in groups and prefer quick, hassle-free methods for managing shared expenses.
Unique Features
Automatic item recognition on receipts and integration with Venmo for instant payments.
User Comments
Easy to use and saves time
Accurate splitting of the receipt
Venmo integration is very useful
Sometimes struggles with crumpled or faded receipts
Wish there were more payment options than just Venmo
Traction
Featured on ProductHunt with positive user reviews. Specific traction data such as number of users or revenue is not available from the provided sources.
Market Size
The mobile payment market was valued at $1.48 trillion in 2022 and is projected to grow significantly due to increasing smartphone penetration and preference for digital transactions.
Easiest way to stay stylish this fall
Easiest way to stay stylish this fall: Key Pieces
1
Problem
Users' current situation involves selecting fashionable clothing for fall, often leading to confusion and difficulty in choosing the right pieces. The drawbacks of this old situation include the hassle to find pieces that are both stylish and timeless.
Solution
A fashion collection that provides stylish fall essentials, allowing users to easily choose chic, classic patterns and minimalist tones. This enables users to stay stylish with ease.
Customers
Fashion-conscious individuals, particularly women, who are interested in updating their wardrobe for the fall season. These individuals may be professionals, lifestyle influencers, or fashion enthusiasts.
Unique Features
This product distinguishes itself by using classic and minimalist designs that offer a timeless elegance, differentiating it from more trendy or seasonal styles.
Market Size
The global women's apparel market was valued at approximately $1.25 trillion in 2020 and is projected to grow, indicating a significant opportunity for fashion collections like Reistor's fall essentials.