What is Jellybean?
The easiest and most intuitive way to split bills and expenses with friends, roommates, or any group. Built out of a need within our own friend group, this app is designed to make splitting costs seamless – and we’re its biggest fans!
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.
