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Kickstarter VS Splitwise

Compare Kickstarter VS Splitwise and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Kickstarter logo Kickstarter

Kickstarter is the world's largest funding platform for creative projects. A home for film, music, art, theater, games, comics, design, photography, and more.

Splitwise logo Splitwise

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!
  • Kickstarter Landing page
    Landing page //
    2023-01-05
  • Splitwise Landing page
    Landing page //
    2023-01-23

Kickstarter features and specs

  • Funding Opportunity
    Kickstarter provides a platform for entrepreneurs, artists, and creators to secure funding for their projects from a broad audience without giving away equity or taking on debt.
  • Market Validation
    Kickstarter allows creators to test the market demand for their product or concept before full-scale production, offering insights into potential success.
  • Community Engagement
    The platform fosters a community of backers who are interested and invested in the success of your project, often providing valuable feedback and promotional support.
  • Creative Freedom
    Creators retain full control over their projects and are not subjected to constraints imposed by traditional investors or funding sources.
  • Publicity
    Successful Kickstarter campaigns often attract media attention, which can further boost a project's visibility and attract more backers.

Possible disadvantages of Kickstarter

  • All-or-Nothing Funding Model
    If a campaign does not reach its funding goal within the set timeframe, no funds are collected, which can be a significant drawback for creators.
  • High Competition
    With numerous projects vying for attention on Kickstarter, it can be challenging to stand out and secure the necessary funding.
  • Platform Fees
    Kickstarter charges a 5% fee on successfully funded projects, in addition to payment processing fees, which can reduce the total amount of funds received.
  • Intensive Campaign Management
    Running a successful campaign requires significant time and effort, including marketing, communication with backers, and managing logistics.
  • Risk of Failure
    There is no guarantee that a project will be funded or that it will be completed successfully even if funded, which can harm the creatorโ€™s reputation.

Splitwise features and specs

  • 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 of Splitwise

  • 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 of Kickstarter

Overall verdict

  • Kickstarter is generally considered good for both creators seeking funding for their projects and backers looking to support creative endeavors. However, potential backers should be aware of the risks involved, as not all projects meet their goals or deliver on promises. Overall, its innovative approach to crowdfunding has had a significant positive impact on creative industries.

Why this product is good

  • Kickstarter is a popular crowdfunding platform that allows creators to launch projects in various categories such as art, technology, music, and more. It is well-regarded for its ease of use, community engagement, and the ability to connect creators directly with backers who are interested in supporting unique and innovative projects. The platform is especially appealing because it provides a space for niche projects that may not find funding through traditional means.

Recommended for

  • Creators with unique and innovative project ideas seeking funding.
  • Individuals interested in supporting creative and emerging projects.
  • Entrepreneurs looking to validate their product idea through community support.
  • Artists, musicians, and designers seeking an audience and financial backing for their work.

Analysis of Splitwise

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.

Kickstarter videos

+ Add

Testing 5 KICKSTARTER Products!

More videos:

  • Review - Best of Worst Crowdfunding - Drunk Tech Review - Indiegogo & Kickstarter
  • Review - WORST $1,000,000 camera: Yashica Y35 Review (Kickstarter fail)

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Kickstarter and Splitwise)

Kickstarter

Splitwise

Crowdfunding
100 100%
Crowdfunding
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Fundraising And Donation Management
100 100%
Fundraising And Donation Management
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Kickstarter and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Kickstarter and Splitwise

Kickstarter Reviews

8 Best Patreon Alternatives & Competitors For 2023 (Comparison)
Kickstarter is probably the most well-known crowdfunding platform in the world. Itโ€™s a good alternative to Patreon if youโ€™re trying to raise money for one-time creative endeavors, but it doesnโ€™t support memberships, so itโ€™s not suitable for collecting recurrent donations.
Source: bloggingwizard.com
11 Patreon Alternatives for Audience Monetization in 2023
This concept makes Kickstarter more suited for creators who want to fund a big project rather than foster a community or make content long term.
Source: www.uscreen.tv
12+ Brilliant Patreon Alternatives to Monetize Your Audience
Kickstarter helps breathe life into projects. Itโ€™s ideal for films, music, arts, theaters, games, comics, designs, photography, and so on.
Source: blog.appsumo.com
6 Patreon Alternatives for Your Startup in 2019
Kickstarter is a global crowdfunding site that started in 2009. Like Patreon, there are plenty of Kickstarter competitors on the market, but it still boasts over 16.3 million backers and $4 billion in pledges.
Source: sumup.com
10 Best Patreon Alternatives
Kickstarter is a more exclusive platform compared to Patreon, so small-time creators may want to carefully consider this before they join. However, it has had more than 186,000 projects successfully funded by the end of 2019 and more than $5.1 billion in pledges, making it a worthy alternative to Patreon.
Source: rigorousthemes.com

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
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 this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
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 application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
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. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Kickstarter seems to be more popular. It has been mentiond 23 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Kickstarter mentions (23)

  • kickstarter.com
    Hello everyone! Could you just quick look on our project on kickstarter.com. We are trying to reach goal. Every view and like is necessary for us. We are committed to delivering exceptional, sustainably sourced dried meat snacks that satisfy our customers' cravings for wholesome, flavorful, and convenient options.Our customers are health-conscious consumers, outdoor enthusiasts, individuals seeking... Source: about 3 years ago
  • Local marketing tips? (KS feedback appreciated, too!)
    Hi, not sure if I'm doing something wrong, but your link redirects to kickstarter.com. How did you target your IG ads? Source: over 3 years ago
  • Accountquestion - backerkit.com and kickstarter.com
    But unfortunately I just realized that I don't have an kickstarter.com account. Is this normal? I think so, just checked my mails. Source: over 3 years ago
  • Do you feel ALONE in the entrepreneur journey?
    Crowdfunding website similar to kickstarter.com. A LOT OF WORK even with offshore contractors. Source: over 3 years ago
  • What do you do with a deck that just won't shuffle well?
    For inspiration, you'll be amazed how many great decks are availableโ€”at a fraction of Tarot prices. Check out rareplayingcards.com and ellusionist.com and even kickstarter.com for new campaigns. There's also a Reddit: r/playingcards worth seeing. And incredible range of themes & designs are available. Source: almost 4 years ago
View more

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Kickstarter and Splitwise, you can also consider the following products

Indiegogo - As the largest global site for fundraisers, Indiegogo helps individuals, groups and non-profits raise money online to make their ideas a reality through crowdfunding. It's easy to start fundraising today.

Tricount - Manage and share expenses with friends

Patreon - Patreon enables fans to give ongoing support to their favorite creators.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

Charitable - A WordPress donation plugin that gives you full control over your fundraising experience.

Splid - Splid helps friends manage their money.

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