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.
Setlo is India's personal debt reconciliation platform — designed for the informal money that flows between people who trust each other. We identify settlement opportunities in your network and close them instantly.
When a circular debt loop exists — where Amar owes Akbar, Akbar owes Anthony, and Anthony owes Amar — Setlo detects it automatically. All parties approve once, and every obligation is cancelled simultaneously. Zero money transfer. Zero awkwardness. All three are out of debt.
Log any informal debt — money lent to a friend, a shared expense with a flatmate, or a family loan. Your personal IOU tracker, always up to date.
Every debt entry requires confirmation from both parties. Consent-based debt settlement means no surprises, no disputes — only verified mutual obligations.
Our debt loop detection engine continuously scans your connected network for circular settlement opportunities — groups where debts can cancel each other out without any money moving.
When a circular loop is found, all participants receive a settlement proposal. Everyone approves in one tap — transparent, fair, and fully consent-driven.
The moment all parties approve, every debt in the loop is cancelled simultaneously. No transfers. Instant digital debt closure — with a verifiable settlement record for everyone.
Your informal debt records are visible only to you and the counterparty. No one else in your network can see what you owe or are owed. Complete financial privacy.
Every debt entry, every settlement proposal, every closure requires explicit approval from all parties. Consent-based debt settlement — nothing moves without your say.
Where circular debt loops exist, obligations cancel naturally — no UPI transfer, no bank payment required. Settle debt without money transfer, every time a loop is found.
Every settled debt generates a tamper-proof digital closure record shared with all parties. Verifiable debt settlement in India — your proof that the obligation is closed, forever.
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.
Not another UPI payment app.
Not another loan or lending platform.
A new layer for informal debt settlement in India — finally.
Be among the first Indians to settle informal debts without money transfer. Join our waitlist and get early access to Setlo — the circular debt settlement app built for real relationships.
Or write to us at info@setlo.in — we respond to every message.
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.