The World's FIRST Group-Centric Payment Application

Our solution allows users to effortlessly pool and spend money in groups.
Stop stressing, start sharing.

You are doing it wrong.
Micro-transactions

Ever called an Uber for the group?
Tried sorting who wants what on a shared food order?
You spend 10 minutes getting everyone’s choices. Unless you're Eddie Woo, another 10 doing the math. Then you front it, because someone has to, and everyone’s getting impatient. After that comes a series of screenshots, payment links, reminders, and three different apps just to settle one checkout.

  • Someone always ends up paying first and hoping everyone pays back.
  • Messages get lost, choices change, and you always feel uncertain.
  • Calculations, remembering, and logging into third-party apps ruins the flow.
  • Chasing money feels petty and exhausting.

It shouldn’t take double texts, spreadsheets, or stress to order dinner.

Group food order
Large-scale payments

Booking out a karaoke room for a surprise birthday? Or even worse. Rent’s due. Nobody likes the big looming price tags; you don’t want to be left with the bill, but time’s running out.

  • People promise to transfer later and then forget.
  • Large-scale transfers mean TRX fees, refund headaches, and confusion.
  • Trust dwindles; integrity is uncertain when someone says “IOU”.

If you're lucky, you barely get everything sorted before the due date. After days, constant reminders, and lost money.
Let’s be real. Post-transaction financial issues are unnecessary, stressful, and expensive.

Large scale payments
How it works.
Create or join instantly
Start a group quickly. Choose the common goal and declare who pays what. It’s that simple.

Optional parameters such as roles, end dates and recurring payments give your group better control.

Invite your friends by a QR code, with swift onboarding.

They can contribute without even downloading the app.
Pool funds and connect cards
Intuitive group wallets are your intermediatory between hundreds of third-party payment applications.

Everything from BNPL to bank wires are authorized and processed in seconds.

It’s the PayID of group finance.
Pay Together
After users give consent, a visa virtual card is activated immediately.

Tap your card at checkout, place an Ubereats order online or activate that Netflix subscription.
Not just another app

“Will I get it back?” is a common question.

  • Receiving an informal certification of debt “I’ll shout next time”, has no significance.

  • SplitWise, PayPal pools, Revolut groups and clunky bill-splitting falloffs, don’t cut it.

You need something better.

Our app doesn’t beat around the bush. We provide a simple, cost-effective and efficient solution, to properly streamline your group finances so that you NEVER need ‘some other’ app.

You don’t need to send money to someone’s external account and ask yourself that question again.

We go to the source of the problem and stop you and others from ever saying “IOU” again.

App illustration
It's all Free!!!
You lose nothing and gain everything. Credit cards are 2.5%.
Insured by financial regulations
IOU works with ASIC-regulated institutions and AFSL-licensed partners and follows applicable AU AML/CTF requirements.
Real-time social framework
Talk money in-app. Groups communicate, coordinate, and commit to payments in a single, frictionless feed. Live updates: see who joined, approved, or contributed instantly. Integrated chat & polls: make decisions, vote, and plan without leaving the app. Extensive galleries, notifications, threaded discussions, and much more.
Features

What makes us different in a good way

Lightning McQueen

Experience real speed with us, solve money-related problems faster than you can say "I'll pay you back later".

Tap once, you're in.

Our optimized infrastructure promises a frictionless user experience. We prioritize conveniency and efficiency, it's stupidly simple.

Use anywhere

Seamlessly perform group payments with any currencies in many countries, our mid-market rate ensures optimal value for your money.

Instant messaging

Discuss plans, distribute polls & build photo galleries. Similar to Whatsapp but we can actually protect your information. 😱

Your own accountant

Designed for the mobile generation, settle debts and track expenses immediately through an elaborate ledger at your fingertips.

Group Wallets

We securely hold your group's funds, allowing instant, hassle-free: deposits, withdrawals and payments for everyone involved.

Instant Virtual Cards

Get your virtual card issued instantly when joining or creating a group, and start spending right away.

IOU
VIRTUAL
Bank Grade Security
Protection comes as standard - Our robust technical infrastructure includes: end-to-end AES-256 encryption, TLS 1.3 protocols, and specialized HSM-backed management. Your money is guaranteed.
Money talks
Cashback schematic
5.2%
Average Cashback

Unlike traditional reward programs that cap your earnings, every group transaction offers unlimited earning potential with straightforward, transparent rates. For example, group food orders or concert tickets routed through our partnered merchants can earn up to 5–6% cashback, compared to the 1–2% you might see on standard debit cards. Instead of losing track of “who earned what,” our algorithm splits the rewards proportionally across contributors. This means if four housemates spend $200 on groceries together, each person gets their share of the cashback without manual tracking.

Fee structure
$
$0
Hidden Fees

Our transparent fee structure includes: no monthly subscription fees, no card issuance costs, no inactivity penalties, and no transaction markups on domestic transfers. Group Wallets are always free to create and maintain, and instant payments between members via the New Payments Platform (NPP/Osko) are processed at no cost. We only ever charge for specific, clearly disclosed services — such as foreign currency conversions at wholesale FX +0.5% or cash advance withdrawals via ATM rails. Credit card is 2.5%

Interest and pricing
%
3.5% p.a.
Interest on liquid cash

Interest is distributed equally every month, 80% of the earned interest flows back to the group. No minimum balance requirements. IOU’s core features — group wallets, domestic transfers, and basic transaction tracking — are always free, moving up to $30,000/month. Premium features when groups handle higher transaction volumes, or require advanced tools, automated reconciliation, priority settlements, and multi-admin permissions start at $39.99/month, scaling to $259.99/month for high-volume groups managing $100,000+ monthly. International payments carry a 0.5% FX markup (mid-market rate). Special consideration $1,000,000AUD+ applies.