Expenses-splitting startup Splittable pulls in $1.2 million

splittableEarlier this year, we profiled Splittable, a British startup which launched with the goal of helping people deal with task of figuring out who owes what when you have several roommates in a household. Now, the startup has revealed that they have obtained funding, to the tune of $1.2 million from a group of investors that includes Seedcamp, Playfair Capital, the London Co-Investment Fund (backed by the mayor of London, Boris Johnson, himself), and a syndicate of high-profile angel investors, among them Lord David Young and Ricky Knox. This latest round adds to the “small seed round” that co-founder and CEO Nick Katz acknowledged when we last heard from them a handful of months ago.

The startup says that this latest backing will be put towards growing their engineering and marketing teams, supporting further marketing initiatives, and funding the delivery of an integrated payment platform, which will enable housemates to track expenses and pay one another with just a few taps or to pay for various household services through a single interface.

Splittable states that they have signed up “tens of thousands” of housemates in the United Kingdom, United States, and globally since the service launched in April.

Leave a Reply