Software Alternatives, Accelerators & Startups
Register | Login

Splitwise VS Retool

Compare Splitwise VS Retool and see what are their differences

ASocks
Clear, Fast & Unlimited. Residential & Mobile Proxies For Best Price. featured
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.
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!

Retool logo Retool

Build custom internal tools in minutes.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Retool Landing page
    Landing page //
    2023-08-04

Splitwise

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

Retool

Website
retool.com
Pricing URL
Official Retool Pricing
$ Details
freemium $10.0 / Monthly (Startup)
Release Date
2017 January
Startup details
Country
United States
State
California
City
San Francisco
Founder(s)
David Hsu
Employees
10 - 19
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.

Retool features and specs

  • Speed of Development
    Retool allows developers to rapidly build internal tools with a drag-and-drop interface, reducing the time it takes to get functional applications up and running.
  • Integration Capabilities
    Retool supports integration with a wide range of databases, APIs, and other services, making it easier to connect different data sources and systems.
  • Customizability
    While Retool provides prebuilt components, it also allows for custom code and scripting, enabling developers to tailor applications to specific requirements.
  • Collaboration Features
    Retool supports collaborative features, such as sharing applications with team members and version control, making it easier to work in teams.
  • Security
    Retool provides robust security features, including access control and data encryption, to help protect sensitive information.

Possible disadvantages of Retool

  • Cost
    Retool can be relatively expensive compared to building internal tools from scratch or using some other platforms, potentially making it less accessible for smaller teams or startups.
  • Learning Curve
    Despite its user-friendly interface, there can be a learning curve for new users who need to become familiar with its specific functionalities and scripting capabilities.
  • Customization Limitations
    Though Retool offers customizability, there might be certain limitations compared to fully bespoke solutions, impacting highly specific or complex use cases.
  • Dependency on Retool
    Relying heavily on Retool may create a dependency that could be problematic if the company changes its pricing, features, or discontinues services.
  • Performance
    For very large datasets or highly complex operations, performance can become an issue, as it is with many platform-based solutions.

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.

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

Retool videos

+ Add

Retool - Logic Review

More videos:

  • Review - #Worth?! Ep.12 - Retool (Gameplay / Review)
  • Demo - February NY Enterprise Tech Meetup: Retool Demo

Category Popularity

0-100% (relative to Splitwise and Retool)

Splitwise

Retool

Personal Finance
100 100%
Personal Finance
0% 0
No Code
0 0%
No Code
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Developer Tools
0 0%
Developer Tools
100% 100

User comments

Share your experience with using Splitwise and Retool. For example, how are they different and which one is better?
Log in or Post with

Reviews

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

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

Retool Reviews

Top 5 Dynobase alternatives you should know about - March 2025 Review
The choice ultimately depends on your environment and use case. Many teams use a combination of tools: for example, Dynomate for developers, and a Retool app for operations or support teams. By understanding the strengths of each alternative, you can select the tool (or combination of tools) that best integrates with your AWS workflow, making DynamoDB development smoother...
Source: www.dynomate.io
React UI Components Libraries: Our Top Picks for 2023
Retool offers extensive documentation and support. Its support is available on its Discourse forum, Slack (if you are a Retool power user), Intercom for live chat, and dedicated support for enterprise customers.
Source: kinsta.com
ILLA Cloud vs. Retool vs. Bubble - Unveiling the Best Low-Code Platforms
In the quest for the best low-code platform, Retool, Bubble, and ILLA Cloud all offer unique features and capabilities. While Retool shines with its self-hosted option and Bubble contributes to the open-source community, ILLA Cloud stands out as a powerful and flexible low-code platform. With its comprehensive feature set, affordable pricing models, and self-hosted...
Source: blog.illacloud.com
Top 9 Low-Code Tools for 2023 for low-code development
Retool is a powerful low-code platform that enables developers to build internal tools and apps with ease. It offers a drag-and-drop interface and a wide range of pre-built components for seamless development. Retool integrates with various data sources and external services, allowing users to fetch data, perform calculations, and display results in real-time. Its...
Source: blog.illacloud.com
Superblock vs Retool: A Comprehensive Comparison for Low-code development Platforms
Retool caters to a diverse audience, including developers, product managers, and business professionals. Developers benefit from Retool's low-code capabilities, allowing them to build applications quickly without sacrificing customization. Product managers can leverage Retool to streamline internal workflows and enable teams to be more productive. Business professionals can...
Source: blog.illacloud.com

Social recommendations and mentions

Based on our record, Retool seems to be more popular. It has been mentiond 104 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.

Retool mentions (104)

View more

What are some alternatives?

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

Tricount - Manage and share expenses with friends

Airtable - Airtable works like a spreadsheet but gives you the power of a database to organize anything. Sign up for free.

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

Bubble.io - Building tech is slow and expensive. Bubble is the most powerful no-code platform for creating digital products.

Splid - Splid helps friends manage their money.

Appsmith - Appsmith is an open source web framework for building internal tools, admin panels, dashboards, and workflows.

Loading...