Setlo

Setlo

About this app

Setlo — Settle Debts Without Moving Money
Ever lent money to a friend, who owes someone else, who owes you back? You're stuck in a debt loop — and nobody notices.
Setlo finds these loops automatically. When we detect that you, a friend, and another contact are stuck owing each other in a circle, we notify everyone involved. If everyone agrees, the debts cancel out instantly — no bank transfer, no UPI payment, no cash exchange.
How it works:

•⁠ ⁠Add money you owe or are owed by friends and family
•⁠ ⁠Setlo scans for circular debt chains in the background
•⁠ ⁠When a loop is found, every person gets a private settlement proposal — you only see your part, never anyone else's full picture
•⁠ ⁠Everyone approves → debts are cancelled together, instantly
•⁠ ⁠You get a digital Closure Certificate as proof

Why Setlo:

✓ No money transfer needed to settle — just mutual agreement
✓ 100% consent-based — nothing closes without everyone's approval
✓ Privacy-first — you never see others' full debt details
✓ Verifiable closure record for peace of mind
A small service fee applies only when a debt loop is successfully settled — never before, never without your consent.
Setlo — stop chasing money. Start closing loops.

What’s new

• Redesigned empty screens with clearer, calmer messages.
• Fixed a rare crash on the add-obligation screen.
• Clearer payment and settlement messages.
• Improved Hindi translations.
• Stability and polish fixes.