Company Overview
Snapshot
Founded in January 2013 by Or Preiss, ZenSplit operates with 1-10 employees. The company ceased operations in March 2015.
Business overview
ZenSplit provides a group funding platform designed to help friends, families, and communities securely collect and pool money for various purposes, such as vacations or office purchases. The company's core technology offers a holistic solution that includes setting objectives, inviting contributions, and creating a unique payment method for immediate and repeated use. ZenSplit operates within the Business Software sector, targeting consumers with its retail platforms and software solutions.
Strategic signal
In October 2014, ZenSplit was highlighted for its platform that simplifies money collection for groups, aiming to become a primary tool for collaborative fundraising. This signals the company's early focus on addressing the complexities of group payments through a user-friendly experience and its initial strategy for revenue generation via transaction fees, with future plans for commission-based monetization.
Log in to access full profile ›Company Intelligence Q&A
- What is ZenSplit's primary offering?
- ZenSplit offers a group funding platform that enables friends, families, and communities to securely collect and pool money for various purposes, providing a holistic solution from objective setting to creating a unique payment method.
- When was ZenSplit founded?
- ZenSplit was founded in January 2013.
- Who is a founder of ZenSplit?
- Or Preiss is a co-founder of ZenSplit.
- What was ZenSplit's operational status as of March 2015?
- ZenSplit became non-active in March 2015.
- What was ZenSplit's early monetization strategy?
- In October 2014, ZenSplit generated revenue through a 2% transaction fee, with plans to make the tool free for end-users and monetize through commissions for using their payment method.