Setlo is India's first circular debt settlement app. Track informal debts, detect debt loops between friends and family, and cancel obligations — no money transfer needed. Consent-driven. Privacy-first.
Millions of Indians lend money to friends, family, and colleagues every day and most of it never gets properly settled.
Friends lend. Families support. Colleagues cover expenses. Informal borrowing and lending is completely normal in India.
But most of these debts — the money owed between friends, the shared expense that was never settled, the family loan with no record — stay unresolved. Not because people don't care. Because there's no easy way to track and close them.
Sending money is solved.
Settling informal debt without awkwardness? That's what Setlo is built for.
Simple by design. Nothing becomes active without both sides agreeing.
Tell Setlo who you owe - or who owes you - and how much. Add a note and a date. That's it.
The other person gets a notification. When they confirm, the obligation becomes active. Nothing moves without mutual consent.
When you're ready, Setlo guides both of you through closure. A permanent record is added to your Circle when it's done.
Each one moves you closer to done. Use these exact status labels across the app and website - no synonyms.
Obligation added. Waiting for the other person to confirm. Visible only to you.
●PendingBoth sides confirmed. The obligation is live and tracked. Visible to both parties.
●ActiveA closure path exists. You can initiate the closing process now. Act on this.
●Closure readyObligation fully resolved. Closure record saved permanently to your Circle.
●ClosedCreate groups, split costs, and close obligations without the awkward follow-up. Split & Settle is a native Setlo feature — expense tracking and debt closure in one place.
Start a group for any shared context — a Goa trip, flatmate expenses, an office lunch fund, a wedding. Add members by name or phone number.
Add costs as they happen. Split equally, by percentage, or custom amounts. Each split automatically creates obligations in everyone's Setlo dashboard.
When dues are circular across the group, Setlo surfaces a closure path. Everyone confirms, all obligations close simultaneously — often with no money moving at all.
Friends splitting group travel and dining expenses
Tracking informal borrowing and lending between friends
Managing family loan obligations with digital records
Settling shared household and roommate payments
Debt settlement within trusted community circles and colleague groups
Sometimes, it's:
the pending
the reminder
the follow-up
the unfinished conversation
SETLO exists to make debt settlement between people simpler.
Every obligation requires both parties to confirm before it becomes active. No unilateral actions - ever.
We never access your contacts without permission. You choose who sees what, every time. Your Circle is yours.
End-to-end encryption. No third-party data sharing. No ads. DPDP Act 2023 compliant from day one.
Setlo is India's first circular debt settlement app. It helps you track informal debts - money owed between friends, family, and colleagues - and cancel them automatically when circular payment loops are detected.
When Setlo finds a circular loop - for example, A owes B, B owes C, and C owes A - it cancels all three obligations at once. No money needs to move because the debts offset each other.
Yes. Splitwise helps you track and split expenses. Setlo goes further - it identifies circular debt loops in your network and cancels them without requiring anyone to send money.
Yes. Every debt on Setlo is consent-based and verified by both parties. Your data is private - only you and your counterparty can see your obligations.
Setlo is currently in early access. Join our waitlist to be among the first users when we launch in India.