Feedback for my new web app that helps user manage lending money to friend, family, co-workers or basically anyone.

Borrowist is a Saas that helps users better manage lending/borrowing money between friends, family and co-workers.

I’ve encountered many times when my mates wouldn’t pay me back my money. Some of the most common excuses are:

“I don’t have any money right now, I’ll pay you tomorrow.”

“I think you got me mixed up with someone else, I never borrowed money from you.”

“This dude owns me $20, you can go ask him.”

Frustrated with the experience, I’ve decided to create Borrowist that lets you create and log IOU transactions on the platform.

This ensures that details such as amount that is lent/borrowed, due date for repayments, are always available.

On top of that I’ve created automatic email reminders when a debt is about to be overdue. So you don’t have to endure that awkward and unpleasant experience when you ask for your money back.

To give back to our early users, this feature can be unlocked simply by referring Borrowist to 2 people.

You can say I'm solving my own pain, but I think Borrowist can help you too.

What do you think?