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.
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Splitwise raises $20m in Series A funding
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.
