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.
Tool to track and split shared expenses with groups and friends
People of Splitwise
Unlock access to complete
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 |
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| 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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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.
| 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 |
Investments & Acquisitions by Splitwise
Financial Statements - Splitwise
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.
| 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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Frequently Asked Questions about Splitwise
Splitwise was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Splitwise is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
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.
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.
Splitwise offers Splitwise App.
Splitwise has 6 investors. Key investors include SVB, Insight Partners, Great Oaks Venture Capital, IDG Capital, and Rocketship.vc.