What is SplitIt?
SplitIt is the easiest way to split the tab with friends when dining out — no more headaches from calculating totals. • Upload a receipt to begin splitting items with friends • Select who's on the receipt, update and claim items • Easily Venmo friends
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.
