Akimbo Card Deals Out New Ways To Send Money Via Facebook

A startup that creates innovative ways for groups to send money to each other, Akimbo, also enables Facebook users to easily share funds with their friends, with all transfers free of charge and occurring instantly.

A startup that creates innovative ways for groups to send money to each other, Akimbo, also enables Facebook users to easily share funds with their friends, with all transfers free of charge and occurring instantly.

The social-savvy platform has a traditional financial-transactions back end. In order to share money with friends, Facebook users must register with Akimbo, link their bank accounts, and reveal their mailing addresses.

Akimbo says it “turns shared expenses into shared experiences.” For example, Akimbo’s iPhone app can be used to pay friends back for concert expenses.

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