Splitwise, a money-sharing app, has recently raised $20 million in a round of funding led by 90B Wilhelm. The news was reported by TechCrunch, a leading source of technology news. In this article, we will explore the details of this funding round and the implications it has for Splitwise and the fintech industry.
Overview of Splitwise and 90B Wilhelm
Splitwise is a popular money-sharing app that helps people track shared expenses. It is used by millions of people around the world to manage expenses among friends, roommates, and family members. 90B Wilhelm is a venture capital firm that invests in early-stage tech and consumer startups. The firm has invested in companies such as Wish, Thumbtack, and Square.
Splitwise’s $20M Funding Round
Splitwise recently announced that it had raised $20 million in a round of funding led by 90B Wilhelm. The funding round also included investments from other venture capital firms and angel investors. The total amount raised by Splitwise to date is now nearly $40 million.
Benefits of Splitwise’s Funding
The funding will help Splitwise to expand its offerings and reach more users. It will also enable the company to invest in research and development, as well as customer service and marketing. The funding will also allow Splitwise to continue to build relationships with banks, credit card companies, and other financial institutions.
Impact of Splitwise’s Funding on the Fintech Industry
The funding of Splitwise is a strong indication of the growing interest in the fintech industry. It shows that venture capitalists are increasingly taking notice of the potential of fintech companies. This could be a sign of more investments in the industry in the future. Additionally, the new funding will help Splitwise to continue to innovate and expand into new markets.
Conclusion
Splitwise has recently raised $20 million in a round of funding led by 90B Wilhelm. This is a significant investment that will help the company to expand its offerings and reach more users. It also demonstrates the growing interest in the fintech industry, which could lead to more investments in the future.
