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TrackoBit VS Splitwise

Compare TrackoBit 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

TrackoBit logo TrackoBit

White Label Fleet Management Software | GPS Tracking Software

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!
  • TrackoBit Landing page
    Landing page //
    2021-10-27
  • TrackoBit
    Image date //
    2026-01-19
  • TrackoBit
    Image date //
    2026-01-19

TrackoBit is a leading fleet management and telematics software that delivers complete visibility, accuracy, and automation for modern mobility operations. With 99% uptime and 5,00,000+ vehicles onboard, it adapts seamlessly to any industry.

The platform offers AI-enabled video telematics, detailed driver behavior monitoring, smart route planning, precise fuel monitoring, and real-time tracking to improve safety, reduce costs, and optimize on-ground efficiency. With easy integrations across ERPs, CRMs, and OEM systems, TrackoBit empowers businesses to run reliable, data-driven, and future-ready fleet operations at scale.

  • Splitwise Landing page
    Landing page //
    2023-01-23

TrackoBit

Website
trackobit.com
$ Details
paid Free Trial $6 / Annually (Standard - 6$ per vehicle/year)
Startup details
Country
India
State
Uttar Pradesh
City
Noida
Founder(s)
Nitesh Goel
Employees
100 - 249
Edit details

Splitwise

Website
splitwise.com
$ Details
-
Edit details

TrackoBit features and specs

  • Comprehensive Tracking Features
    TrackoBit provides a wide range of tracking features including real-time location tracking, trip history, geofencing, and route optimization, which can enhance fleet and resource management.
  • User-Friendly Interface
    The platform offers an intuitive and easy-to-use interface, making it accessible for users who may not be technologically savvy.
  • Scalability
    TrackoBit's system is scalable, allowing it to accommodate businesses of different sizes, from small operations to large enterprises.
  • Customization
    The platform allows for significant customization to suit the specific needs of different businesses, ensuring relevant data is prioritized and effectively managed.
  • Enhanced Security
    TrackoBit incorporates strong security measures to protect data and ensure authorized access only, which is critical in maintaining privacy and accuracy.

Possible disadvantages of TrackoBit

  • Initial Setup Complexity
    The initial setup of the system can be complex and may require additional training or support, which could be challenging for smaller businesses with limited IT resources.
  • Cost
    Depending on the size of the fleet and the features required, TrackoBit can become quite costly, which might be a concern for small or budget-constrained businesses.
  • Dependence on Internet Connectivity
    As a web-based platform, its performance is heavily reliant on internet connectivity, which could be an issue in areas with poor network coverage.
  • Learning Curve
    Despite a user-friendly interface, there might be a learning curve for new users to fully exploit all features effectively, which could slow down initial adoption.
  • Potential Over-reliance
    Businesses might become too dependent on the software for decision making, potentially stifling human intuition and oversight.

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 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.

TrackoBit videos

+ Add

TrackoBit Profile Video - Leading Fleet Management Software

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 TrackoBit and Splitwise)

TrackoBit

Splitwise

GPS Vehicle Tracking System
100 100%
GPS Vehicle Tracking System
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Fleet Management
100 100%
Fleet Management
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

Questions & Answers

As answered by people managing TrackoBit and Splitwise.

What makes your product unique?

TrackoBit's answer

TrackoBit is unique because it combines real-time GPS tracking, analytical insights, and end-to-end fleet operations management in one unified platform.

Why should a person choose your product over its competitors?

TrackoBit's answer

Because TrackoBit offers more accurate real-time tracking, smarter AI-driven analytics, and a complete fleet management solution that boosts efficiency and reduces costs compared to competitors.

How would you describe the primary audience of your product?

TrackoBit's answer

The primary audience of TrackoBit is fleet managers and businesses that need real-time vehicle tracking and advanced fleet operations management.

What's the story behind your product?

TrackoBit's answer

TrackoBit started with a vision to empower businesses with smarter, real-time tracking and analytical insights, transforming traditional fleet management into an efficient, data-powered operation.

Which are the primary technologies used for building your product?

TrackoBit's answer

TrackoBit is built using GPS & IoT device integration, cloud-based infrastructure, mobile/web apps, and AI/ML analytics.

Who are some of the biggest customers of your product?

TrackoBit's answer

GPS integrators and channel partners are some other biggest customers of TrackoBit. TrackoBit help them serve industries like - Enterprise Logistics, FMCG & Retail Brands, Ride-Hailing & Mobility, EV & Energy, Construction & Mining.

User comments

Share your experience with using TrackoBit 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 TrackoBit and Splitwise

TrackoBit Reviews

  1. Shivani Pandey
    ยท Performance Marketer at Housity ยท
    TrackoBit Review: Simple, Reliable & Effective

    My experience with TrackoBit has been positive overall. It offers accurate real-time tracking, helpful geo-fencing alerts, and clear reports. The platform makes fleet monitoring simpler and more organized, helping reduce manual follow-ups and improve operational efficiency.

    ๐Ÿ Competitors: Fleetio, fleetx.io Vehicle Tracking System
    ๐Ÿ‘Ž Cons:    Nothing
  2. smithjohn9582
    Best Gps Tracking software

    At TrackoBit, i believe in fostering long-term relationships and business connections. Trackobit prize client and employee safety and comfort without compromising on our values!

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, TrackoBit seems to be more popular. It has been mentiond 15 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.

TrackoBit mentions (15)

  • Reduce Cost of Operations with GPS Tracking Software
    TrackoBit is fleet management software that offers GPS tracking and much more with the software. The solutions and features offer analytics and insights into the trips in real-time. This way, you can ensure that there is no excess fuel consumption. Source: about 3 years ago
  • Advantages Of Geofencing in Fleet Management
    Real-time visibility into the fleetโ€™s trip and vehicle location is vital for managers as it allows them to make timely decisions. With the help of GPS tracking software, fleet managers are able to track their vehicles in real-time. But by using geofencing as a part of fleet management, you can gain even more data and insights. In addition, strategic geofencing alerts can also automate and make your overall... Source: about 3 years ago
  • How Can Fleet Management Systems Help Public Transport Fleet Businesses?
    A good fleet management system can make sure that your public transportation fleet will never struggle during operations. It will also make sure that your vehicles will always stay safe, especially in an industry that is dealing with people;โ€™s lives. This is why investing in a GPS tracking system is no longer a luxury. Source: over 3 years ago
  • Benefits of Vehicle Tracing Software
    TrackoBit is a leading GPS-tracking software that will be perfect for your fleet business if you want to optimize your operation as well as reduce expenses. Source: over 3 years ago
  • Using Fleet Management System for the FMCG Industry
    When looking for a fleet management system in the market, you should definitely consider TrackoBit in your search. This software is the complete toolkit that can help your business ensure higher productivity and profitability. Try out a demo today and see the system in action for yourself! Source: over 3 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 TrackoBit and Splitwise, you can also consider the following products

Samsara - Samsara is a service provider that helps businesses in increasing their safety, efficiency, and sustainability in their operation, which power the economy.

Tricount - Manage and share expenses with friends

FieldTrack360 - FieldTrack360 is the best field employee tracking software & app in India to track, manage, and optimize your workforce with GPS, attendance, task management, and real-time reporting.

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

Lystloc - Stay connected with your field team in real-time.

Splid - Splid helps friends manage their money.

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