Group payments platform goDutch raised $1.7mn from Matrix Partners India, other investors include Y Combinator, Global Founders Capital, Soma Capital, VentureSouq and angel investors such as Justin Mateen (Co-founder, Tinder), Kevin Lin (Co-founder, Twitch), Rohan Angrish (Head, ICICI Labs) and Sumon Sadhu.
GoDutch app allows users to record, split and automatically settle group transactions such as rent payments, travel, shopping, dine out and home delivery.
"Currently, for group payments people are using traditional payment apps which are designed for one to one payments. Given the frequency of shared transactions one has with their friends, it’s time to look at this problem separately. Thus, we are introducing the goDutch card through which friends can share their payments in real-time," said Riyaz Khan, co-founder, goDutch.