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Technology

SplitBill

Status: Active

Jul 15th 2021 - Aug 14th 2021

18 days left

SplitBill allows free instantaneous money transfer between friends and family and enables merchants to save in processing fees versus credit cards transactions. The company is built around 'Open Banking' and claims to reduce card payments for its users. It aspires to become a contender in the 'Open Banking' sector that is estimated to grow to £7.2 billion by 2022. SplitBill asserts that its app has been downloaded 3000 times. The company's portal has processed more than £90,000 in Consumer To Consumer (C2C) transactions to date. They state they will use the investment to simplify e-commerce enabling transactions without inserting card details by linking through API to the merchants' stores, allowing users to settle restaurants bills at the table by just scanning a QR code, acquiring clients and boosting business development.

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  • £115,350
    pledged
  • 76%
    of goal

    £150,000
    target

    £3,000,000
    pre-money valuation

    4.76%
    equity available

    91
    investors

    £1,268
    pledge per investor

    13190514
    company number

    Active
    company status

    09/02/2021
    incorporated 6 months

    £10.00
    share price

    Previous Funding rounds
    15 Jul 21 Crowdcube £115,350 / 77%

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  • £115,350
    pledged
  • 76%
    of goal

    £150,000
    target

    £3,000,000
    pre-money valuation

    4.76%
    equity available

    91
    investors

    £1,268
    pledge per investor

    13190514
    company number

    Active
    company status

    09/02/2021
    incorporated 6 months

    £10.00
    share price

    Previous Funding rounds
    15 Jul 21 Crowdcube £115,350 / 77%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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