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An easy way for groups to track, split and pay for shared expenses

  • Stage Concept Only
  • Industry Mobile
  • Location Madrid, Community of Madrid, España
  • Currency USD
  • Founded May 2013
  • Employees 3
  • Website

Company Summary

We all do a lot of activities in groups, from eating out together, to traveling, partying, playing sports, seeing concerts and living together. All of these require us to also share expenses as a group – but this process is painful, time consuming and prone to errors. SplitTool solves this pain by providing an easy way for groups to track and organise shared expenses, figure out who owes what to whom and make and receive payments


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    Jacob Tyler

    Jake Tyler is an experience strategy consultant and entrepreneur with over 7 years work experience. Originally from Australia he moved to London in 2007 and joined start-up research business Brook Intelligence as a Director and Shareholder. He played an integral role in building Brook into the successful small business it is today. After Brook he spent two years as a strategy consultant at PMSI where he focussed on analyzing mid-market PE deals.

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    Sophie Cerny

    Sophie has been working as a corporate lawyer in Switzerland and one year in Beijing advising on legal issue related to FDI to enter the Chinese market. Since February 2013, Sophie has co-founded FavorNow, an early stage Swiss tech start-up.

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    DevelAppers -
    Developer Partner

    DevelAppers is a Madrid based company consisting of five young, passionate App development professionals. They consist a large part of the team that brought mobile music sharing App BiiT to market (>1m downloads). Alongside work they do for corporate clients they help to incubate a small number of start-ups. Split-Tool is in late stage discussions regarding an equity partnership with DevelAppers. They will manage App development

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    Fidor Group -
    Technology Partner

    Fidor is a start-up community bank based in Munich Germany. They provide mobile and online accounts and payment infrastructure. Split-Tool has signed an NDA with Fidor Group, who have indicated a wish to partner with us to deliver our desired e-wallet and peer to peer payment infrastructure. We do not yet know what the commercial terms of this partnership will be.