Bunq to acquire group expenses app Tricount

Bunq, a European challenger bank based in Amsterdam, has announced that it plans to acquire Tricount, a popular mobile app to manage group expenses. Bunq isn’t disclosing the terms of the transaction and the acquisition is pending regulatory approval.

Tricount is a simple yet effective way of tracking expenses as a group. For instance, if you are traveling with friends or if you live with roommates, the Belgian startup lets everyone add expenses, which can be useful when it’s not the same person buying things for the group.

Read more: TechCrunch