Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
Accounting and invoicing software for small businesses. Manage invoices, bills, expenses, payroll and reports, with plain-language tools and proper double-entry bookkeeping underneath.
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Which is more popular?
Based on our record, Finabile
seems to be more popular. It has been mentioned
2 times
since March 2021.
social mentions
2 vs 0
Collection And Credit Management Company popularity
100% vs 0%
alternatives listed
12 vs 240+
Base details
Website, pricing, platforms and company facts side by side.
User-Friendly Interface Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
Multi-Platform Availability Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
Expense Tracking The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
Flexible Split Options Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
Currency Conversion Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
Bill Reminders The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
Integration with Payment Platforms Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.
Possible disadvantages
Privacy Concerns Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
Subscription-Based Features Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
Manual Entry Requirement Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
Limited Automatic Reconciliation While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
Dependency on Group Honesty The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
Potential for Confusion The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.
Analysis
An editorial look at what each product does well and who it suits.
FinabileSplitwise
Overall verdict
Finabile by CloudBankin is a solid choice for lending institutions seeking a modern, configurable loan management system that can accelerate digital lending operations without heavy upfront infrastructure investment.
Why this product is good
Cloud-native architecture enables quick deployment and scalability as loan volumes grow
Highly configurable workflows support diverse loan products including microfinance, SME, and retail lending
API-first design allows easy integration with credit bureaus, KYC providers, and payment gateways
End-to-end loan lifecycle management from origination to collections reduces need for multiple disparate systems
Strong track record serving NBFCs, microfinance institutions, and fintech lenders in emerging markets
Automated underwriting and credit scoring capabilities help speed up loan approval processes
Built-in compliance and reporting features assist with regulatory requirements
Recommended for
NBFCs and microfinance institutions looking to digitize lending operations
Fintech startups building new lending products who need a ready-made LOS/LMS platform
Banks seeking to modernize legacy loan processing systems
Organizations requiring rapid deployment of loan origination and management workflows
Lenders focused on underserved or emerging markets requiring flexible product configurations
Mid-sized lending businesses that need scalability without building in-house technology teams
Overall verdict
Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.
Why this product is good
Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
Supports multiple currencies, which is great for international travel groups.
Integration with payment platforms like PayPal and Venmo for easy settlement of debts.
Recommended for
Roommates who need to regularly split household bills and expenses.
Groups of friends or families who often travel together and need to manage shared travel costs.
Colleagues or classmates working on projects or events that require shared funding.
Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With...
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the...
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group....
Recommendations tracked on public social media and blogs since March 2021.
Finabile2 mentionsSplitwise0 mentions
Why is Bank Statement Analysis important in LOS - Habile
Habile Technologies ‘CloudBankIN’ does a very accurate automated examination of an applicant’s financial activity. The goal of CloudBankIN is to uncover core decisions, to develop a practical index that dramatically reduces the number of...
Source:
almost 4 years ago
How Loan Origination is done through Digital Onboarding
CloudBankIN is a system that handles right from the loan origination to the loan recovery. It is an API based application and very compatible with any system and it has a fully-fledged loan management system to support most loan...
Source:
almost 4 years ago
Tracking Splitwise since Mar 2021.
Alternatives to Finabile and Splitwise
When comparing Finabile and Splitwise, you can also consider the following products.
Finorys.eu
Finagle
FinanSys
Finatra
Finbeet
Fingage
Finka
Tricount
Settle Up
Splid
Spliit
ihatemoney
YNAB
Splitser
