Software Alternatives & Startups

Loom VS Splitwise

Compare Loom VS Splitwise and see what are their differences

Loom

Loom is a screen recording extension for Chrome that gives people the ability to create and share media. Create your own videos using your camera, screen view, and audio. Read more about Loom.

Rating
0 reviews
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!

Rating
0 reviews
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Loom seems to be more popular. It has been mentioned 19 times since March 2021.

social mentions
19 vs 0
Screen Recording popularity
100% vs 0%

Base details

Website, pricing, platforms and company facts side by side.

Loom
Splitwise
Website loom.com splitwise.com
Pricing —
Listed in

Features and specs

What each product offers, as listed by its team.

Loom 6 features
Splitwise 7 features
  • Ease of Use
    Loom offers a highly intuitive interface that makes recording, sharing, and managing videos easy, even for users who are not tech-savvy.
  • Speed
    Loom allows for quick video recording, instant sharing, and embedding, which can greatly save time, especially for team communication and support tasks.
  • Integrations
    Loom integrates with various tools like Slack, Google Drive, and GitHub, providing seamless workflow enhancements.
  • Viewer Analytics
    Loom provides video engagement analytics, including viewer activity and completion rates, which helps understand the effectiveness of the content.
  • Cross-Platform Availability
    Loom is available on multiple platforms, including Chrome, Windows, Mac, and mobile devices, making it versatile for different user environments.
  • Team Collaboration
    Loom offers features specifically geared towards teams, allowing for shared libraries, comments, and real-time notifications.

Possible disadvantages

  • Limited Editing Features
    While Loom allows some basic editing, it lacks the advanced editing capabilities found in more robust video editing software.
  • Bandwidth Usage
    Recording high-quality video can be demanding on internet bandwidth, which might be an issue in areas with slower internet speeds.
  • Cost
    The free version of Loom has usage limits and fewer features compared to its paid plans, which might be a constraint for budget-conscious users.
  • Data Privacy
    As with any cloud service, there are potential concerns about data privacy and security, which may not be suitable for highly sensitive information.
  • Video Length Limitations
    The free tier imposes restrictions on the maximum length of videos, which could be a hindrance for users needing to create longer content.
  • 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.

Loom
Splitwise

Overall verdict

  • Yes, Loom is considered a good tool for asynchronous communication, particularly in professional settings. It is effective for enhancing communication clarity, saving time, and improving productivity.

Why this product is good

  • Loom is favored for its user-friendly interface, ease of use, and efficiency in creating and sharing video messages. It enables users to quickly record their screens, voice, and webcam, making it suitable for a range of professional and personal communication needs. The platform is particularly useful for those who want to provide clear, visual explanations or updates without the need for arranging meetings or lengthy emails.

Recommended for

  • Remote teams needing asynchronous communication tools.
  • Educators creating video tutorials or lectures.
  • Sales teams making personalized video pitches.
  • Product teams explaining features or demonstrating product use.
  • Anyone needing to communicate complex information quickly and clearly.

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.

Videos

Walkthroughs and reviews on video.

Loom 3 videos + Add
Splitwise 3 videos + Add

Loom: Full Review 2019

More videos

  • - Classic Review - LOOM
  • - Loom Video Recorder Review 2019

Splitwise - iPhone App Review! [2020]

More videos

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

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Loom
Splitwise
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%
0% 0%
100% 100%

User comments

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Loom no reviews yet
Splitwise no reviews yet

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Loom 19 mentions
Splitwise 0 mentions
  • UAT: A Quick Overview
    Loom is a video recording tool that allows users to capture screenshares with voiceovers. In UAT, it’s used to show an application workflow, whether successful or buggy. Instead of listing steps to replicate a bug/workflow, you can... - Source: dev.to / almost 2 years ago
  • How to Stand Out When Asking for a Job
    Telling somebody, “I want to work for you” is only as good as the reasons you give them. If you show them that you can identify value that they need created and can create it, you take a lot of that work off of their plate. Loom is a... Source: over 3 years ago
  • Show HN: Walkie-Talkie for Badass Developers
    Async meetings are pretty great), http://loom.com is pretty great. (don't work there, not even a paying customer, but even then it's transformed the way I work.). - Source: Hacker News / over 3 years ago

View more

Tracking Splitwise since Mar 2021.

Alternatives to Loom and Splitwise

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