Splitwise Inc. risk score

Splitwise is an innovative financial technology company that specializes in simplifying the process of sharing expenses. Established in 2011, it is headquartered in the United States and offers a robust platform primarily through its mobile and web applications. Splitwise is designed to assist roommates, travelers, couples, and friends in managing joint financial obligations, ensuring clear and fair financial interactions.

The company's platform allows users to record their shared expenses and easily calculates who owes what to whom, effectively eliminating the stress and awkwardness often associated with money conversations among peers. This utility makes Splitwise an essential tool for anyone looking to manage personal finances collaboratively, whether for household bills, travel expenses, or social outings.

Splitwise adheres to strict security protocols to protect user data, ensuring all personal and financial information is securely stored and transmitted. While the app itself is free, it offers optional premium features that enhance its utility through added functionalities like currency conversion, receipt scanning, and itemization, which cater to the specific needs of diverse user groups.

As part of its commitment to user satisfaction and security, Splitwise operates within the necessary regulatory frameworks and is vigilant about maintaining high data privacy standards. This approach not only secures user data but also fosters trust, making Splitwise a reliable and indispensable tool for managing shared expenses. The app's straightforward, user-friendly interface and its focus on transparency and accountability continue to attract millions worldwide, helping improve relationships by transforming how people manage shared expenses.