What is RoomyLedger?
Track expenses in the cloud, collaboratively. Create a ledger, invite your roommates, submit shared expenses, and then you all can approve, dispute, or discuss the expenses. Get a report at the end of each month with how much you owe.
Problem
Users struggle to track shared expenses accurately and collaboratively with roommates
Drawbacks: Difficulty in keeping track of expenses, potential disputes or misunderstandings, lack of transparency and accountability
Solution
Web-based ledger tool for tracking expenses collaboratively
Core Features: Cloud-based expense tracking, collaborative ledger creation, shared expense submission, approval, dispute, and discussion functionalities, monthly report generation
Customers
User Persona: Roommates, shared apartment residents, co-living individuals
Demographics: Age range 20-40, living in shared spaces or dormitories
Behavior: Regularly split bills and expenses with others, need to maintain transparency and fairness in financial matters
Unique Features
Real-time collaborative expense tracking
Approval and dispute resolution functionality for shared expenses
Monthly report generation for clear accountability
Facilitates discussion and communication among roommates
User Comments
Saves us so much time and hassle every month!
It's so easy to use and has really improved our roommate financial management
Great tool for transparency and avoiding conflicts over expenses
The report feature is fantastic, helps us stay organized and settle balances quickly
Highly recommend for anyone living with roommates!
Traction
Over 10k monthly active users
Received $500k in seed funding for further development
Positive reviews on ProductHunt with an average rating of 4.6 out of 5
Growing user base with a steady increase in sign-ups
Market Size
$12 billion global market for shared expense management tools and platforms
Increasing trend in co-living arrangements and shared housing contributing to market growth
