story behind
Many individuals, particularly young professionals and groups of friends or roommates, face a common challenge in their daily lives. They often share expenses for various activities, such as meals, accommodations, or entertainment, and find it increasingly difficult to keep track of who owes what to whom. This widespread issue made our client see the need for a comprehensive expense sharing and splitting app that could simplify expense tracking and promote transparent and hassle-free bill settlements for a broad audience.
Challenges & solutions
Developing algorithms for accurate expense splitting, accommodating various scenarios, and handling currency conversions posed a significant challenge.
Plavno's development team created a robust algorithm that could handle equal splitting, custom percentages, and currency conversion based on real-time exchange rates.
Safeguarding sensitive financial data and ensuring user privacy were top priorities.
Plavno implemented robust encryption protocols, secure user authentication, and stringent privacy policies to protect user data and build trust.
Integrating with virtual wallets and ensuring seamless fund transfers is a significant technical challenge. Each virtual wallet platform has its unique API and security requirements, making it complex to develop a unified solution.
The app now seamlessly integrates with popular virtual wallets like PayPal and Venmo, enabling users to settle shared expenses directly within the app. This feature simplifies bill settlements, reduces the need for manual transfers, and enhances user convenience while maintaining top-notch security and privacy standards.
proccess
Agile methodology forms the cornerstone of our work philosophy. Through a seamless blend of innovative practices, including regular demos, comprehensive progress tracking, and a unique pay structure based on hours invested, we've constructed a workflow that ensures optimal outcomes and client satisfaction.
features
Users can easily record shared expenses, categorize them, and add details such as the date, location, and involved parties.
The app automatically calculates each user's share based on predefined rules, such as equal splitting or custom percentages.
Users can view a summary of who owes them money or to whom they owe money, with detailed transaction histories.
The app provides insights into spending patterns and suggests cost-saving tips.
Users can create expense-sharing groups, invite friends or roommates, and manage expenses within those groups.
The app supports photo uploads of receipts, adding a layer of accountability and reducing disputes.
project team
The app's monetization strategies, such as premium features and in-app advertisements have resulted in a steady stream of revenue for the client. The app's popularity and positive user feedback have led to its expansion to a broader user base, increasing the client's market reach..
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