4 ms·

Have you heard of YSplit? https://techcrunch.com/2019/03/13/ysplit-wants-to-make-it-so-you-never-owe-your-friends-money-again/ https://techcrunch.com/2019/03/13

Have you heard of YSplit? https://techcrunch.com/2019/03/13/ysplit-wants-to-make-it-so-you-never-owe-your-friends-money-again/ https://techcrunch.com/2019/03/13/ysplit-wants-to-make-it-so... I think it's a newer YC company, might be interesting for you to take a look at to see how yours is different/similar

radihuq 7y ago
I haven't heard of them - looks like they're a wallet that automatically conducts pre-authorized transactions. Pretty cool. Biggest limitation I see is that they only support splitting transactions from select vendors. I think it would be cool if they allowed you to split anything - but I guess the problem is coming up with a viable business model. If you use something like Stripe to facilitate transactions, the added fee can be pretty deterring to potential users. I'm not sure what would be the best business model for an idea like this, apart from maybe a subscription more & betting on users not actively using the product?
- davidajackson 7y ago
  Hmm. Doesn't Venmo do an instant (about 2%), or 2-3 days (0%) bank transfer fee business model? Something similar might work for them. I don't know how Venmo does the free bank transfers though, that could be anything from partnerships to VC money to tech.