Hands In - group payments made easier

by Startacus Admin

The group payments solution that's better for businesses and customers alike, thanks to innovative fintech startup Hands In.

The ability to split a bill among a group of friends, family, or co-workers is useful in various situations. Whether it's dining with friends, organising a group trip, or attending an event, splitting the bill allows for a fair and convenient way to handle expenses. It also allows for transparency and eliminates any potential conflicts or misunderstandings. Splitting the bill simplifies the process of managing finances without one person taking on the burden, as can easily happen in cases where a single bill can be paid with only one card. Even with trustworthy friends, that one person could be left with a big hole in their bank account that they could do without, and then there’s the hassle and stress of collecting the money later on. So in a world that rarely provides the means for groups of people to share the cost, what is our solution?

London-based fintech startup Hands In was created for exactly this reason, after founder and CEO Samuel Flynn experienced this kind of situation in university, where one of his group was forced to bear the brunt of a large bill. Hands In is the solution that he could have done with at the time, and that big businesses are looking for without having to put in the time and expense of creating the infrastructure themselves.

As with most of the best inventions and evolving tech, ease and convenience are what make this system appealing. Similarly to how PayPal doesn’t need a big change on the business side, Hands In can simply sit there as a convenient payment option for people to use if they want to split a bill.

On the users’ side, the app allows them to easily choose how many people are sharing the cost, whether it’s an equal split or to be assigned per item, and then have them simply scan a QR code to join the billing. No one will be charged until everyone has opted in, ensuring that no one can be sneaky! And with a wide range of payment processors on board - including PayPal, Stripe, Klarna, Adyen, Braintree, and many others - you have all the payment options you need.

Recently, Hands In announced that they had raised £440,000 in a round participated in by payment corporations including GoCardless, Curve, and Elavon. The startup already has agreements in place with airlines and travel agencies, and no doubt this investment will help them secure more.

 

 

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• #startup
• #london
• #fintech
• #payments
• #bills
• #app

Published on: 22nd May 2023