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VIDEO: ByeWallet Tests Collaborative Purchases

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Can’t afford that hot new thing? Ask a friend to pitch in. ByeWallet is a Spanish startup that brings a social element into payments with collaborative purchases. There are few details yet, but it seems the app will present users with offers based on their spending patterns. A card from a bank account is linked in order for ByeWallet to view the data. Purchases can also lead to prizes for the user — or group of users — that made the payment. A person-to-person payment platform, with a Venmo-like messaging system attached, is also part of the app. Users can request invitations to the service, which is still in beta, on its site.

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