When you live with roommates or go out often with friends, it’s common for someone to front the payment — be that for utilities, the cable bill, rent or the restaurant bill — and have everyone else pay them back via cash, Venmo or Apple Pay. But Ysplit, a company launching out of Y Combinator, wants to make it so you never have to owe anyone ever again.
It works by creating a virtual card that automatically deducts money from everyone’s bank account. So, the person who usually fronts the payment would instead use Ysplit’s virtual card.
“We front the payment and as we’re fronting payment, we’re ensuring everyone on the card has enough money,” Ysplit co-founder Tunde Alao told TechCrunch. “We authorize the payment