Splitwise Raises $20MM in Series A Funding led by Insight Partners

28 Apr, 2021

Splitwise Raises $20MM in Series A Funding led by Insight Partners
Photo by Mimi Thian on Unsplash

– Splitwise, a leading interpersonal finance app for sharing expenses with friends and family, announced today they have raised $20MM in Series A funding led by global venture capital and private equity firm, Insight Partners.
– Splitwise will use the funding to grow its team, accelerate global customer growth, and create new partnerships with fintech and financial services platforms.
– Splitwise was originally designed for roommates and couples to share bills and household expenses. The app, which allows users to track balances and organize payments, is also popular for group travelers, allowing them to effectively split costs accrued over a trip.
– As of April 2021, over $90B dollars in total transactions had been split on the Splitwise platform.

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