Fintech startup Bunq is announcing a handful of new features today, such as a way to track group expenses without creating a joint account, a web app and better Siri integration.
If you usually track vacation expenses and group expenses from your phone, chances are you’ve been using two different products — a mobile app like Splitwise to track group expenses with your friends, and a peer-to-peer payment app to settle up balances.
Bunq is essentially bundling these two features with Slice Groups for owners of the Bunq Travel Card. Given that the Bunq app already lists all your transactions, adding transactions to a group is easier than with your average group payment tracking app.
After adding other people to your Slice Group, each person can add expenses to the group. You get a list of your most recent Bunq transactions and you can add them to a group. You also can add manual transactions in case you paid for something using cash, for instance.
This is just a group accounting feature. When you add a transaction to a Slice Group, your money remains in your account. But you can see who has a positive balance and who has a negative balance.