Square it is an app idea that is used for splitting payments and settling debts, aimed to be used by groups consisting of more than two people. Primarily targeted at small-medium communities, like shared housing. As well as small parties, like a group of friends eating out or splitting a cab.
Users will have to log in with their bank details, this will come in handy when displaying and tracking their expenses on the platform.
Groups are used for irregular payments between a group of people, this feature is often used when paying for a one-time thing. Perhaps after seeing a movie at the cinema, a cab ride or anything you can think of.
Easily see how much you owe and see who has paid in the group. Pay your share in one tap. Regardless of your bank, it's that easy.
Communities are used for regular payments monthly or weekly between a group of people. This feature is mainly targeted at monthly bills. Such as rent, electricity or gas. You as a community have full control over how much you pay individually and when you pay. The money will be transferd automatically to your recipients, so you don't have to worry.
Easily create groups and communities, and add your members. Easily adjust your group or community to your needs.
We will keep you updated
Easily keep track of your money by seeing when you get added to groups and communities, additionally see when money is going out of your bank account, and see when money is coming in.
The roots of the idea
This idea started during my first year of university, where my flatmate and I found it unfair that everyone in our shared household paid different amounts for communal items, this was not a fair solution to us, because in our mind a community should consist of a group of people who contributes equally. We realized that this mindset and idea could apply to different areas where people struggle from a day to day basis. We concluded that we could apply this to bills and debts as well. Thus, our idea of “square it” was born, a platform where equality, transparency, and community stood in the center of our design and ethos.
Create a platform targeted at small-medium communities, like shared housing and small parties to help them with setteling debts, and present them an easy way to automate monthly bills like rent or eletricity.
The platform will need to have access to users bank details for quick and easy bank transfers.
This fact will make it even more crucial to stay true to our design guidelines (equality, transparency, and community) throughout the design process.