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Market Overview

PayDivvy, a New Kind of Bill Pay Service

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Lots of companies and websites claim to offer customers the ability to pay all of their bills in one convenient location. But only PayDivvy allows you to set up and equally split your bills with friends.

“PayDivvy is a social payments platform that allows people to manage and share any type of expense in real-time; specifically, we focus on shared bill pay (e.g., rent, utilities/cable bills, loans), social bills (e.g., restaurant bills, travel expenses), and group collections and donations – all of which we refer to as “divvies” or a “divvy” (the word “bill” just sounds like a pain in the…),” the company wrote on its About page.

According to Mashable, PayDivvy has raised $1.5 million in seed funding.

 

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