Inspiration
What it does
How we built it
Challenges we ran into
Accomplishments that we're proud of# Split Scan
Investor Pitch Deck
1. The Problem
Splitting bills is broken.
- $200B+ spent annually on group dining in the US alone
- 73% of millennials dine out with friends at least once per week
- Average time wasted calculating splits: 5-10 minutes per meal
- Top frustrations: Manual math errors, forgetting who had what, awkward money conversations
"Who had the extra appetizer? Did you include tax? What about the tip?"
Current solutions fail:
- Calculator apps require manual entry
- Venmo/PayPal don't help with the calculation
- Splitwise requires everyone to have the app
- Screenshots and group texts create chaos
2. The Solution
Split Scan
Point. Snap. Split. Done.
Instantly transform any receipt into a fair, shareable bill split using AI.
- Scan - Take a photo of any receipt
- Split - AI extracts items; assign to people or split equally
- Share - Send each person their total via text, email, or any app
No account required for friends. No manual data entry. No math.
3. Product Overview
Core Features
| Feature | Description |
|---|---|
| AI Receipt Scanning | Automatic item extraction using multi-AI fallback (Gemini, ML Kit, on-device) |
| Smart Splitting | By-item assignment OR equal split modes |
| Tip Calculator | Built-in preset percentages + custom tips |
| Instant Sharing | Native share sheet, email, SMS - formatted summaries |
| Receipt History | Track past splits, filter by status |
| Offline-First | Works without internet using on-device AI |
Privacy-First Architecture
- Local-first processing - receipts stay on YOUR device
- Self-hosted authentication (no Google/Facebook dependency)
- Encrypted local database (SQLCipher)
- No selling of user data. Ever.
4. Product Demo
[RECEIPT SCANNED] [SPLIT RESULT]
The Local Bistro Split Summary
---------------- --------------
Burger $18.00 --> Alex: $24.30
Salad $14.00 - Burger + tip
Pizza $22.00
2x Beers $16.00 Sam: $18.90
---------------- - Salad + tip
Subtotal $70.00
Tax $5.60 Jordan: $29.70
---------------- - Pizza + tip
Total $75.60
Chris: $21.60
[+ 20% Tip = $90.72] - 2x Beers + tip
[Share via SMS]
5. Market Opportunity
TAM / SAM / SOM
| Market | Size | Description |
|---|---|---|
| TAM | $2.5B | Global expense splitting app market |
| SAM | $800M | US + EU mobile-first users who split bills regularly |
| SOM | $80M | Privacy-conscious millennials/Gen-Z in first 3 years |
Market Drivers
- Post-pandemic social resurgence - Group dining at all-time highs
- Gen-Z money transparency - Comfortable splitting down to the cent
- Privacy concerns growing - Users leaving data-hungry apps
- Mobile-first generation - Expect instant, frictionless solutions
6. Business Model
Freemium + Premium Tiers
| Tier | Price | Features |
|---|---|---|
| Free | $0 | 10 scans/month, basic splitting, share via text |
| Pro | $4.99/mo | Unlimited scans, receipt history, email sharing, group management |
| Groups | $9.99/mo | Team features, recurring splits, expense reports, integrations |
Future Revenue Streams
- B2B API licensing - Expense management platforms
- Payment integration fees - Settlement via Venmo/PayPal (referral)
- Premium AI accuracy - Higher-tier cloud processing
- Enterprise - Business expense compliance features
Unit Economics (Projected Year 2)
- CAC: $3.50 (viral sharing loops)
- LTV: $42 (14-month average retention)
- LTV:CAC Ratio: 12:1
7. Traction & Milestones
Current Status
| Milestone | Status |
|---|---|
| MVP Complete | Done |
| AI Receipt Scanning | Done |
| Cross-Platform (iOS, Android, Web) | Done |
| Authentication System | Done |
| Receipt History & Filters | Done |
| Multi-language Support | Done |
| Sharing Features | Done |
Roadmap
| Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 |
|---|---|---|---|
| Beta Launch | Public Launch | 50K Users | 200K Users |
| App Store Submission | Marketing Campaign | Payment Integration | B2B Pilot |
| User Testing | Viral Loop Optimization | Group Features | Series A Prep |
8. Competitive Landscape
Why We Win
| Feature | Split Scan | Splitwise | Tricount | Calculator Apps |
|---|---|---|---|---|
| AI Receipt Scanning | Yes | No | No | No |
| No Account for Friends | Yes | No | No | Yes |
| Works Offline | Yes | No | Partial | Yes |
| Privacy-First | Yes | No | No | Yes |
| Cross-Platform | Yes | Yes | Yes | Varies |
| Item-Level Splitting | Yes | No | No | No |
| Modern Tech Stack | Yes | Legacy | Legacy | N/A |
Our Moat
- AI-First Architecture - Competitors would need complete rebuild
- Privacy Positioning - Authentic, not bolted-on
- Network Effects - Every share invites new users
- Tech Debt Free - Modern stack enables rapid iteration
9. Team
Founding Team
| Role | Name | Background |
|---|---|---|
| CEO / Product | Mihajlo Simevski | CEO / Technology / Senior Mobile Dev |
| QA | Aleksandar Aleksovski | Senior QA/Sales |
| HR | Milena Stanishkovska | Human Resources / Senior Product Manager |
We're Looking For
- Growth marketing expertise
- Fintech partnerships (payments)
- B2B sales experience
- B2G sales experience
10. Financials
Projections (Conservative)
| Metric | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| Users | 50K | 250K | 1M |
| Paid Conversion | 5% | 8% | 12% |
| MRR | $12K | $100K | $600K |
| ARR | $144K | $1.2M | $7.2M |
Use of Funds
| Category | Allocation |
|---|---|
| Engineering | 40% - Scale infrastructure, AI improvements |
| Marketing | 35% - User acquisition, brand building |
| Operations | 15% - Legal, compliance, support |
| Reserve | 10% - Runway extension |
11. The Ask
Raising: $1.5M Seed Round
Use of Funds:
- Launch iOS & Android apps publicly
- Reach 100K users in 12 months
- Build payment integration partnerships
- Hire key engineering & growth roles
What We Offer:
- Proven product (working MVP)
- Large addressable market
- Clear path to monetization
- Experienced team
- Capital-efficient growth model
12. Why Now?
- Post-Pandemic Social Boom - Group dining/activities at all-time highs
- AI Inflection Point - On-device ML makes real-time scanning possible
- Privacy Backlash - Users actively seeking privacy-respecting alternatives
- Mobile Payment Ubiquity - Settling up is now instant (Venmo, Zelle)
- Gen-Z Money Culture - Splitting is normalized, expected, embraced
The window is open. We're ready to capture it.
Contact
Let's Talk
Mihajlo Simevski Founder & CEO, Split Scan
Email: msimevskii@gmail.com Phone: +38970215777 LinkedIn: https://www.linkedin.com/in/msimevski/
Website: splitcan.app Demo: Available upon request
Appendix
Technical Architecture
+------------------+ +------------------+ +------------------+
| Mobile App | | AI Pipeline | | Backend |
| (React Native) | --> | (Gemini/MLKit/ | --> | (Better Auth) |
| iOS/Android | | ExecuTorch) | | Self-Hosted |
+------------------+ +------------------+ +------------------+
| | |
v v v
+------------------+ +------------------+ +------------------+
| Local Storage | | Receipt Parse | | User Auth & |
| (MMKV/SQLite) | | & Extract | | Sessions |
+------------------+ +------------------+ +------------------+
Tech Stack Highlights
- React Native 0.79 + Expo SDK 53
- TypeScript - Full type safety
- Zustand - State management
- Drizzle ORM - Database access
- Better Auth - Self-hosted authentication
- SQLCipher - Encrypted storage
- Multi-AI Fallback - Gemini, ML Kit, ExecuTorch ready
Key Differentiators (Technical)
- Offline-First: Core features work without internet
- Privacy by Design: Self-hosted, encrypted, local-first
- Cross-Platform: Single codebase for iOS, Android, Web
- AI Resilience: Automatic fallback between AI providers
- Modern Stack: No legacy debt, rapid iteration possible
Thank you for your consideration.
Split Scan - Point. Snap. Split. Done.
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