Memodude is described as 'keeps track of who you lent to, reduces your receivables and gets rid of bad payers. A unique algorithm cancels out debts and keeps your preferences into account when doing so: which connections you prefer owing you and of which you are doubtful that they will repay you' and is an website in the Business & Commerce category. There are more than 10 alternatives to Memodude, not only websites but also apps for a variety of platforms, including Android, iPhone, Android Tablet and iPad. The best alternative is Splitwise, which is free. Other great sites and apps similar to Memodude are ihatemoney (Free, Open Source), SplittyPie (Free, Open Source), Kittysplit (Free) and Tricount (Free).
The goal is to automatically calculate cost allocations at a group event, by simply entering the spending paid by each person and the list of participants. In a few seconds the tool tells you who has to pay back how much to whom. You can send a link to the result by email.
Split bills over a wide spectrum, ranging from a group of 2 to 100s of people. You may pick the options split by amount, split by percentage, and split by share whichever is appropriate to split bills and track expenses.
Split & share bills/expenses with flatmates, friends, or travel group. Track all kinds of group expenses such as house rent, WiFi charges, electricity bills, furniture rent, Netflix subscriptions, grocery bills, house party expenses, etc.