DueTrace launches free debt tracker built on mutual consent

N.T.S I.T SOLUTIONS LTD has launched DueTrace, a free, ad-free personal finance app for iOS, Android and web that records IOUs and shared expenses only when both parties approve them. The company says the tool is designed to reduce disputes, protect privacy and keep balances intact across devices and currencies.

Why it matters: - DueTrace is aimed at a common problem: tracking personal debts and shared expenses without relying on text threads, voice notes or one-sided spreadsheets. - The app’s mutual-consent model is meant to reduce disputes by preventing any entry from affecting a balance until both parties agree. - The product could appeal to people who want a dedicated ledger that stays separate from social messaging apps.

What happened: - N.T.S I.T SOLUTIONS LTD launched DueTrace as a personal finance app for documenting IOUs and shared expenses. - The app is available free and ad-free on iOS, Android and web. - The launch was announced from Nicosia, Cyprus, on June 29, 2026. - DueTrace is being positioned as a digital ledger built around a strict “Mutual Consent” architecture.

The details: - DueTrace notifies the other party instantly when a transaction is requested. - A transaction is not permanently recorded unless the receiving party approves it in real time. - Unapproved entries do not affect the final balance. - Push notifications are designed to hide the amount and transaction type on the lock screen. - Users can change email addresses, phone numbers or devices without losing accounts, historical data or balances. - The app shows a global net balance across all peers in specific currencies. - Users can also drill down into their financial status with one individual. - DueTrace supports unlimited separate ledgers with the same person, including travel, work and personal tracks. - The app supports all global currencies. - Accounts are verified through active phone numbers and emails, and each user gets a unique DueTrace ID. - Users can review ledgers and record transactions offline. - The app syncs securely after reconnecting through encrypted PostgreSQL databases. - DueTrace is currently available in three major languages. - The company says rapid expansion is planned. - The app is available globally on the Apple App Store, Google Play Store and at app.duetrace.com. - More information is available at duetrace.com. - DueTrace also has a social account at DueTrace on X.

Between the lines: - The launch reflects a broader shift toward privacy-focused financial tools that try to solve a social problem with software design. - The mutual-consent requirement is the core differentiator, since it moves debt tracking from informal chat history to a shared verification flow. - The emphasis on device migration and offline use suggests the product is trying to address common points where personal finance records get lost.

What’s next: - DueTrace is expected to expand beyond its current three-language rollout. - Broader adoption will likely depend on whether users and their contacts are willing to accept the consent-based workflow. - The company will need to prove that its privacy and sync features work reliably across devices and network conditions.

The bottom line: - DueTrace is betting that the easiest way to end awkward IOUs is to make both sides approve the record before the debt exists.