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Split Pay
Founded 2022 · 53 employees on LinkedIn · 11 known investors
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SplitPay provides payment infrastructure that allows renters to split rent and other recurring expenses into smaller installments. The platform uses real-time cash flow analysis rather than traditional credit scores to approve payments for consumers living paycheck to paycheck.
Also known as Split Pay · SplitPay
Founders & leadership
Investors · 11
How we know: the company's own site · Khosla Ventures's portfolio page · clairezau.substack.com · thesaasnews.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the company's own site · Not right? Tell us
How we know: the company's own site · thesaasnews.com · Not right? Tell us
How we know: Alpaca VC's portfolio page · thesaasnews.com · Not right? Tell us
How we know: av.vc · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$125M disclosed across 1 round · 2026
- $125MSeries A + BSep 2026 · 2 sources
Khosla Ventures (lead), Alpaca VC, Intuit Ventures, MetaProp, Moderne Ventures, SciFi VC, Thrive Capital
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Split Pay is a consumer payments service that divides a household's largest recurring bill into two smaller payments. Users add a bill — rent, a mortgage or a car payment — through the app in a process the company describes as taking about two minutes. The landlord or lender is paid in full on the original due date, and the user repays Split Pay in two parts: the first half when the bill is due and the second half two weeks later.
The size of the first installment is set by the company after reviewing the user's cash flow, and falls between 30% and 50% of the bill. The company states the product requires no credit check, works with any landlord or lender, and can be set up in minutes. Users are described as having an assigned account and routing number for making payments. Split Pay lists insurance, tuition and utilities as additional bill categories planned but not yet supported.
Business model
Split Pay pays a user's bill in full to the landlord or lender on the due date and collects repayment from the user in two installments, the second two weeks after the first. The site refers to a pricing page for how charges work.
Traction
The company's site publishes numerous user reviews describing use of the app for monthly bill payments and avoidance of late fees.
▸Full profile — market position, technology, go-to-market
Market position
Positioned as a bill-splitting payment product covering rent, mortgages and car payments, with insurance, tuition and utilities announced as coming soon.
Technology
Eligibility and the size of the split are determined by an assessment of the user's cash flow rather than a credit check; the split is set between 30% and 50% of the bill amount. Users are provided an account and routing number through the app.
Go-to-market
Direct-to-consumer via a mobile app and website, with self-service bill setup that does not require the landlord or lender to enroll.
Consumers whose largest monthly obligations — rent, mortgage or car payments — fall due at once, including single-income households seeking to avoid late fees.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 10
Companies working in the same space as Split Pay.
In the news
▸Research sources · 1
primary sources listed
- Split your largest billssplitpay.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Split Pay do?
- Split Pay lets consumers divide large recurring bills such as rent, mortgage or car payments into two smaller payments.
- Who are Split Pay's investors?
- Split Pay's investors include Khosla Ventures, Slow Ventures, Thrive Capital, Alpaca VC, Alumni Ventures, Corigin Ventures, MetaProp, MetaProp Ventures and 2 more.
- How much funding has Split Pay raised?
- Split Pay has disclosed $125M raised across 1 round.