Way to help friends, groups and communities manage their money, wherever they are - Scred - Banking 2.0
RT@trendbird
Scred—short for "street credit"—allows friends, groups and communities to manage their collective money. Its Pools feature, first of all, is designed to help friends keep track of who owes what during a joint excursion, for example. Friends all sign up for the same pool when they know they'll need to track expenses together, and then they input each cost incurred as they go along. The system will track debts between people, balance debts and shared expenses and then calculate who owes what in the end—even using multiple currencies. The Pools function is free to use, and is also available via mobile phone.
Perhaps even more interesting, however, is Scred's MiniCorps feature—now in beta—which can be used to take in money and have it automatically accounted by Scred. Aimed at users such as associations, trip organisers, charity groups and artists, MiniCorps serve much like virtual companies as they allow groups to sell items or collect fees and donations through a Scred shop, track both income and expenses, and calculate profits and losses. MiniCorps are free to use during the feature's beta period; all money is handled via PayPal.
