Rhode Island based mobile app and web platform that builds software to help users split expenses raised $20m in Series A funding led by Insight Partners.
Its investors seem aligned with the thinking, with Insight Partners’ Boris Treskunov saying in a statement that he’s “excited to see the app become the go-to platform for easy cost-splitting among friends and family.” Mass adoption of that sort will require a robust, free experience. Which means continued spend on the free side of the startup’s freemium product work.