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Splitwise VS Indiegogo

Compare Splitwise VS Indiegogo and see what are their differences

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

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!

Indiegogo logo 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.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Indiegogo Landing page
    Landing page //
    2023-01-05

Splitwise

Website
splitwise.com
Pricing URL
-
Release Date
-
Edit details

Indiegogo

Website
indiegogo.com
Pricing URL
Official Indiegogo Pricing
Release Date
2008 January
Startup details
Country
United States
State
California
City
San Francisco
Founder(s)
Danae Ringelmann
Employees
100 - 249
Edit details

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.

Indiegogo features and specs

  • Flexible Funding
    Indiegogo offers both fixed and flexible funding options, which provides more flexibility for campaign creators in terms of meeting their financial goals.
  • Global Reach
    Campaigns on Indiegogo can be accessed globally, allowing creators to reach a wider audience and attract backers from all over the world.
  • Diverse Campaigns
    The platform supports a wide range of campaign types including tech, creative projects, and social causes, making it versatile for different kinds of fundraising efforts.
  • InDemand Feature
    Indiegogoโ€™s InDemand feature allows successful campaigns to continue raising funds after their official end date, providing additional revenue stream.
  • Community Engagement Tools
    The platform provides various tools for creators to engage with their backers, such as updates and comment sections, fostering a sense of community.

Possible disadvantages of Indiegogo

  • Fees
    Indiegogo charges fees for both fixed and flexible funding campaigns, including a platform fee and payment processing fees, which can reduce the total amount of funds received.
  • Competition
    The platform is highly competitive, with many campaigns running simultaneously, making it challenging for new campaigns to stand out and attract backers.
  • Risk of Not Meeting Goals
    For fixed funding campaigns, if the financial goal is not met, all funds may be returned to backers, which can be disheartening for creators.
  • No Guarantee of Success
    There is no guarantee that a campaign will be successful, and creators must invest significant effort in marketing and promotion to attract backers.
  • Potential for Fraud
    Backers may be cautious due to potential fraud or project failure, as not all campaigns deliver on their promises, which can impact trust and willingness to invest.

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.

Analysis of Indiegogo

Overall verdict

  • Indiegogo can be a good choice for those looking to raise funds for innovative projects, especially for campaigners who value having control over their fundraising process. However, success depends significantly on the effort put into campaign preparation and marketing, as well as the appeal of the project to potential backers.

Why this product is good

  • Indiegogo is a well-known crowdfunding platform that allows entrepreneurs, inventors, and creators to raise funds and bring their ideas to life. It offers flexibility in funding models with both fixed and flexible funding options, allowing campaigners to choose the best fit for their project needs. The platform has a global reach, helping creators connect with potential backers from all over the world. Additionally, Indiegogo provides a range of resources and support, including marketing tools and analytics, to help campaigners succeed. However, it's important to note that success is not guaranteed, and the competition can be intense.

Recommended for

    Indiegogo is recommended for entrepreneurs, inventors, and creators looking to bring a novel product, service, or creative endeavor to market. It is also suitable for those who want to engage early with a community of backers and who prefer a platform with international reach. Those with strong marketing skills or a pre-existing audience may find the platform particularly beneficial.

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

Indiegogo videos

+ Add

How Indiegogo Works

More videos:

  • Review - Testing 5 INDIEGOGO Products!
  • Review - The Dangers of Buying a Product From IndieGoGo...

Category Popularity

0-100% (relative to Splitwise and Indiegogo)

Splitwise

Indiegogo

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

User comments

Share your experience with using Splitwise and Indiegogo. 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 Splitwise and Indiegogo

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

Indiegogo Reviews

12+ Brilliant Patreon Alternatives to Monetize Your Audience
Indiegogo supports entrepreneurs working to bring their dreams to life. It offers crowdfunding for both creative and charitable projects in tech and design before they go mainstream.
Source: blog.appsumo.com
6 Patreon Alternatives for Your Startup in 2019
Indiegogo is a crowdfunding platform that ranks at the top of the list for Kickstarter and Patreon competitors. It was founded in 2008, and it operates on a reward-based system that allows people to raise funds for ideas, charities, startups, and products.
Source: sumup.com
10 Best Patreon Alternatives
Plus, Indiegogo allows you to start a campaign, so it doesnโ€™t pre-screen campaigns like Patreon and others on the list do. While Indiegogo has a maximum length of 60 days for your initial campaign to run, you can always launch continuous campaigns that ride on the success of the first campaign.
Source: rigorousthemes.com
Kickstarter vs. Indiegogo โ€“ A Creatorโ€™s Perspective
Since we launched our most recent campaign for Traveler on Indiegogo a lot of people have asked me why we chose Indiegogo (IGG) instead of Kickstarter (KS). I thought I would detail the reasons we had for making the choice we did and some of the considerations you should have when making a decision for your own project.
Source: adamleeb.com

Social recommendations and mentions

Based on our record, Indiegogo seems to be more popular. It has been mentiond 4 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.

Splitwise mentions (0)

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

Indiegogo mentions (4)

  • ALIEN ARTIFACTS REG A+ OFFERING CIRCULARS
    It should be easier to procure a "ticker symbol" in this world with statistically millions of geniuses, and at this juncture, it would appear a proof-of-stake uniswap NFT or www.withotis.com -like entity may figure more productively in such a narrative than even a kickstarter.com or indiegogo.com . Will your company facilitate "line of site" drone-disco-ball-mirrors for drone-delivering drop-shipped and fast food... Source: over 4 years ago
  • New photos of the Ninox Astrum - Not dead yet!
    But when indiegogo.com campaigns first and foremost policy is caveat emptor for supporting small developers and this thing happen, people would wonder why I am having reservations about ordering something from crowdfunding campaigns. Source: about 5 years ago
  • LiDar Based Autofocus Adapter for Blackmagic cinema cameras
    Does this work with the new BMPCC 6k Pro? And where is it avilable, cause on indiegogo.com it says "sold old"? Source: over 5 years ago
  • Most of my non weapon Stargate replicas
    The GPD Win 3 looks a lot like the Vaio mini and it seems to be a powerful PC for its size. You can find them on indiegogo.com. I ordered one for various reasons but the design is one of the reasons. :D. Source: over 5 years ago

What are some alternatives?

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

Tricount - Manage and share expenses with friends

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.

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.

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

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