1Money
Finance
Splitwise
Finance
1Money vs Splitwise in Singapore — which is right for your business?
Both are finance tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | 1Money | Splitwise |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$22.07/mo | S$0/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
1Money
For Singaporean businesses, 1Money's usefulness hinges on its support for local GST, CPF, and other regulatory requirements, which are currently unconfirmed. PSG eligibility would make it an attractive option.
Splitwise
Singaporean businesses can use it for informal team expenses, but it's not a substitute for formal accounting software or a PSG-eligible solution for broader digital transformation.
Pros & cons — Singapore view
1Money
Pros
+Financial reporting (assumed)
+Automated bookkeeping (assumed)
+Potential PSG support (if eligible)
+Intuitive interface (assumed)
Cons
–Specific local compliance features unconfirmed
–Integration capabilities unknown
–Specific features unconfirmed
Splitwise
Pros
+Simple expense allocation for small teams
+Clear financial overview for shared costs
+Reduces manual reconciliation for informal groups
+Easy expense tracking
Cons
–Not designed for official accounting
–Lacks integration with payroll/HR systems
–Limited audit trail for formal business use
Who should choose which
Choose 1Money if...
›SMEs (if PSG eligible)
›Startups
›Small businesses
›Individuals
Choose Splitwise if...
›Startups with informal expense sharing
›Small project teams
›Non-profit organizations with shared costs
›Friends sharing bills
Singapore FAQ
Is 1Money available in Singapore?
The provided search results do not specify if 1Money is available in Singapore, so its availability is unconfirmed.
Does 1Money support SGD pricing?
The search results do not contain information about 1Money's pricing in SGD. Specific SGD support is unconfirmed.
Is 1Money PSG-eligible?
Based on the search results, 1Money is not listed as a pre-approved solution for the Productivity Solutions Grant (PSG). Therefore, its PSG eligibility is unconfirmed.
Is 1Money PDPA compliant?
The search results do not provide any information regarding 1Money's compliance with Singapore's Personal Data Protection Act (PDPA). This remains unconfirmed.
Want to explore each tool further?
Read our full Singapore reviews before deciding.