About Splitwise
Splitwise is a company based in Providence (United States) founded in 2011.. Splitwise has raised $30.48 million across 5 funding rounds from investors including SVB, Insight Partners and Great Oaks Venture Capital. Splitwise offers products and services including Splitwise App. Splitwise operates in a competitive market with competitors including Venmo, Zirtue, Pigeon, Settle Up and ZimpleMoney, among others.
- Headquarter Providence, United States
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Splitwise Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.48 M (USD)
in 5 rounds
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Latest Funding Round
$20 M (USD), Series A
Apr 28, 2021
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Investors
SVB
& 5 more
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Employee Count
Employee Count
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Products & Services of Splitwise
Splitwise offers a comprehensive portfolio of products and services, including Splitwise App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool to track and split shared expenses with groups and friends
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Funding Insights of Splitwise
Splitwise has successfully raised a total of $30.48M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $20.0M
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First Round
First Round
(20 Nov 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Splitwise | Valuation | Insight Partners |
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| Jul, 2018 | Amount | Series A - Splitwise | Valuation |
investors |
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| Oct, 2016 | Amount | Series A - Splitwise | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Splitwise
Splitwise has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Insight Partners and Great Oaks Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Splitwise
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Splitwise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Splitwise Comparisons
Competitors of Splitwise
Splitwise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Venmo, Zirtue, Pigeon, Settle Up and ZimpleMoney, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer payments are enabled via a mobile digital wallet app.
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| domain | founded_year | HQ Location |
Developer of an online platform for relationship-based lending
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| domain | founded_year | HQ Location |
Loans between friends and family are simplified by Pigeon.
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| domain | founded_year | HQ Location |
Mobile app for tracking and managing shared expenses among friends and groups.
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| domain | founded_year | HQ Location |
Loans and financing plans are automated for businesses and consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Splitwise
Frequently Asked Questions about Splitwise
When was Splitwise founded?
Splitwise was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Splitwise located?
Splitwise is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
Is Splitwise a funded company?
Splitwise is a funded company, having raised a total of $30.48M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.03M, raised on Nov 20, 2012.
What does Splitwise do?
Splitwise was founded in 2011 in Providence, United States, as an app-based platform in the fintech sector focused on expense sharing. Shared bills, IOUs, and payments are entered by users, with balances calculated and tracked to show who owes whom. Debts are settled through cash, PayPal, or Venmo. The service operates on Android and iOS platforms, serving users primarily in the United States.
Who are the top competitors of Splitwise?
What products or services does Splitwise offer?
Splitwise offers Splitwise App.
Who are Splitwise's investors?
Splitwise has 6 investors. Key investors include SVB, Insight Partners, Great Oaks Venture Capital, IDG Capital, and Rocketship.vc.
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