Need an alternative to
PayPal Money Pools?

Our whole purpose is to make it easy for you to collect money from your friends. We know how annoying it is, when you've gone to all the hard work of researching that perfect gift for a colleague, or intricately planning that trip of a lifetime for all your pals, AND PEOPLE DON'T PAY UP. 🤬 I mean, it's beyond rude, really. And each time, they swear down they'll pay you back (they never do), or they'll buy you a drink (still kinda thirsty over here), or they'll plan the next do (yeah, right, course you will, Dave). It's not that our friends and family are inherently bad people (at least, we don't think they are 🤔), but there's something that stops them putting their hand in their proverbial pocket and handing over the dough. Collctiv was started by a self-confessed Organiser, after being left out of pocket one too many times 🙋 We are built for one thing, and one thing only: to make sure you that you get the money you need for the thing you're planning for your group to go ahead! 🕺

We're Collctiv, a friendly bunch based in the UK 🇬🇧 We're a FinTech company, which simply means we use state-of-the-art financial technology 🤓 to make it easier for you to split payments with your friends. More specifically, we make it easier for you to collect money upfront from your group, so you don't have to pay out for people, crossing your fingers 🤞 and hoping they pay you back. Our founders are Amy Whitell (CEO) and Pete Casson (CTO), who between them have over 30 years experience building technologies and businesses that have real impact on people's lives. More importantly, Pete (a Contributor) used to owe Amy (an Organiser) money all of the time. Nowadays he has no excuse, and everything is right with the world 😌

You'll make us cry 🥺 Only joking. Well, a couple of things. Firstly, if you've had the misfortune to be using PayPal Money Pools, you're about to lose all of your pools and nicely segregated money collections once PayPal close the service on 9th November 2021 😖 Secondly, your social life will only continue to become more and more of a pain in the arse to organise as more and more friends owe you money. Your bank balance will dwindle as you continue to pick up the tab, until eventually you'll become trapped in a never-ending cycle of debt and eventual homelessness. (Disclaimer, we can't accurately predict the future 🔮) Thirdly, the next time someone says to you 'yeah, I'll get that money over to you asap' and you have to pay for them, you'll be kicking yourself. In your own face 🤦

Nope! You agree to the Ts & Cs on signup, and then effectively again each time you use the service. You can withdraw your money and delete the app any time you like. (Please don't though, we'd be rather sad 😢) You can view our full terms and legally bits here.

Yes we are. Collctiv is a company registered in England and Wales under company registration number 11783005. We use Stripe to process all payments and identity checks, and they are regulated by the Financial Conduct Authority under licence number 900461.

Great question! At the moment, you will need to withdraw the funds from your money pool into to you bank account, which is a simple process you can do on the app. We are working on a ***TOP SECRET*** way to let you pay for things directly from your money pool, and bypass the bank entirely! Because, who needs banks?! 🤘 Wanna be one of the first to try this out? Drop us an email via this link and we'll add you to the waiting list. Oooooh.