TABBit, founded by ex-Mastercard VP, raises €373K to help friends manage their shared expenses
Summary
London-based TABBit, a fintech platform that allows people to manage group expenses and personal payments, announced on Thursday, February 29, that it has secured £320k ( approximately €373K) in a fresh funding round. Boy-Anthony Kuhne, CEO of TABBit, says, “During my tenure at Mastercard, I experienced time and again the challenges presented by the fragmented banking landscape in the UK. When I discovered there was no easy solution available, I set out to create one myself, removing the challenges that UK consumers currently face when requesting payments from friends that bank with a different provider.” Led by Boy-Anthony Kuhne, TABBit enables groups and individuals to manage expenses and request money back from their friends and family without needing to download a separate application. Users need to input the desired amount and purpose, and it will generate a shareable link for distribution across various platforms like WhatsApp, Messenger, Instagram, SMS, or email. When the recipient clicks the link, they will be directed to their banking app for payment, with TABBit auto-filling all necessary details for confirmation.