Group expenses app Tricount settles €500K funding
Summary
Belgium’s Tricount offers an app to help groups of friends or couples share and settle expenses, and counts the likes of Splitwise, and Splittable as competitors. Tricount is today disclosing its first funding round: €500,000 from Belcube, the Brussels-based incubator and investment vehicle of Harold Mechelynck, Jean Zurstrassen and Grégoire de Streel — three successful Belgium entrepreneurs behind companies such as Skynet, Keytrade, and Ogone. Biolley previously worked at startups Skynet, Keytrade, and Netway, and was most recently Project Director at Digitas LBi in Paris. As for how Tricount plans to compete with the plethora of other apps attempting to solve the same problem, de Biolley says simplicity is paramount. Meanwhile, monetisation is currently limited to a little advertising revenue, but soon the free app will process payments for settling up, while premium features also remain an option.
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