Ā£49.2-60.3k
Group payments app
Job no longer available
Ā£49.2-60.3k
1-20 employees
To make it easy for groups to collect and spend money.
Desirable
Weāve all had that end of dinner āwhoās paying whatā moment. Having group payment platforms and integrated services within current banking apps has changed the game for split-payments and money requesting. Collctiv joins the market with its money collection app.
The company is going head to head with the likes of Monzo and Splitwise creating an app where customers can send a link with a note to family or friends and with a few taps the money is returned. Similar to Paypal, Collctiv is a third-party application you then withdraw to your bank from.
The young British company has already acquired 440k customers and processed more than $22million in transactions. Considering there are already applications out there similar to this company, these numbers are impressive and a nod toward the nuances that Collctiv offer like sending the link to a group rather than each individual. Excitingly the company has recently launched in the US, and it has seen the demand for the product continue to grow.

Freddie
Company Specialist at Welcome to the Jungle
Jun 2021
$0.6m
SEED
May 2020
$0.2m
SEED
Manchester, UK
Amy Whitell
(CEO)Previously a Lawyer at Stephensons Solicitors LLP and Hill Dickinson LLP. Went on to become COO of Twinkl Educational Publishing and is currently and Advisory Board Member for FinTech North and Advisor for Play It Green.
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