Kimisitu Money vs Split Wisely

a. Withdrawal to MPESA- members can make withdrawal from FOSA account to their MPESA. b. MY Account- members can view details of their FOSA, BOSA, Loan Balance and Savings accounts Loans- When customer selects Loans, they will be taken to a menu with four items namely. Loan Enquiries. Loan requests Loan Application Status Loan repayment Loan Types -: i. Dividend discounting loan • A one-off interest of 7.5 % shall be charged upfront on the loan approved. • The amount applied shall not exceed 60% of the member’s previous year’s interest on deposits (dividends). • A member whose account is arrears/dormant/defaulter will not qualify for the loan through mobile however they can access only through applying online so that the arrears can be recovered from the dividends. • Guarantors whose deposits were offset during the year to reduce a defaulted loan shall qualify for a lesser amount. ii. M-Kimisitu Loan • Interest rate of 5% per month on reducing balance • Repayment period up to a maximum of 5 months • The monthly repayment is deducted from the salary payouts. • Top ups charge: of 2.5% of the Loan balance • Member can access a maximum of Kshs.100,000 or 80% of his member deposit whichever is lower • Interest is charged upfront but recovered monthly • In case of default the loan balance is recovered from member deposit c. Fund Transfer i. When a customer selects Fund transfers, they will be required to select from Swift transfer (RTGS) Electronic Funds Transfer (EFT) ii. The Fund transfer is segregated as follows: a. Internal Transfer • My Account – Member should be able to transfer to any savings account they have including shares. • Other Account – member can transfer to other members savings account internally. b. External – Member should see list of banks and enter beneficiary bank details. • Member should be able to select beneficiary. d. Deposits When a customer selects Deposits, the Applications displays accounts options for the customer to deposit to • FOSA • Savings Account • LUMPSUM • e. PAYBILL - Customers have an option to pay using Pay bill functionality. f. Change Password functionality-members can change their respective passwords. g. Logout functionality-members have an option of logging out once they are done with using the App.

The modern way India splits expenses. Split Wisely makes sharing costs with friends, flatmates, couples and trip groups effortless — and actually pleasant to look at. Add an expense in seconds, see exactly who owes whom, settle in one tap with any UPI app, and keep your own spending tracked privately on the side. Split Without the Awkwardness • Groups for trips, homes, couples and everything else • Every split style: equally, exact amounts, percentages, shares, +/- adjustments • Multiple payers, multi-currency, receipts, notes and comments • Balances computed precisely to the paisa — no rounding disputes Settle Up in Seconds • One-tap settle with your UPI app, pre-filled with the right amount • Simplify debts inside groups — fewest possible transfers • Gentle reminders (never spammy — one per day, only when they owe you) Your Personal Money Tracker (free) • A private tracker at the center of the app — add a spend in 2 taps • Monthly view with history, categories and daily averages • Nothing here is shared with anyone Your Own AI Money Coach (Pro AI) • Financier — chat with an AI that actually knows your spending, splits and balances • Savings Coach — a monthly report: unused subscriptions, EMIs, concrete ways to save • Import credit-card and Paytm / PhonePe / Google Pay statements (PDF, Excel, CSV) • Connect Gmail and bills in your inbox import themselves — you review first • AI reads, categorises and de-duplicates across every source — even a card spend made through UPI showing up in two statements • Statement files are deleted right after processing EMIs Under Control (free) • Every loan in one place: monthly load, months left, payoff date • EMI-like payments detected automatically from your spends Split Wisely Pro — ₹99/month · Pro AI — ₹299/month or ₹2,999/year Pro: unlimited daily expenses, receipt scanning, itemization, advanced dashboard and charts, expense search, saved default splits, currency conversion. Pro AI: everything in Pro plus the Financier chat, Savings Coach, AI statement import and Gmail bill sync. Private & Secure by Design • Your data lives in India (Mumbai region) • Bank-grade security rules on every record • Biometric app lock, full account deletion in-app Fair with friends. Smart with money. Split Wisely. Subscriptions Split Wisely Pro is Rs 99/month. Pro AI is Rs 299/month or Rs 2,999/year. Payment is charged to your Apple Account at confirmation of purchase. Subscriptions renew automatically unless auto-renew is turned off at least 24 hours before the end of the current period, and your account is charged for renewal within 24 hours prior to the end of the current period. You can manage or cancel your subscription in your Apple Account settings after purchase. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Split Wisely Terms of Service: https://splitwisely.cognitivesquad.com/terms Privacy Policy: https://splitwisely.cognitivesquad.com/privacy