diff --git a/android/app/build.gradle b/android/app/build.gradle
index 497fa03c8de8..225bf32abe00 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -148,8 +148,8 @@ android {
         minSdkVersion rootProject.ext.minSdkVersion
         targetSdkVersion rootProject.ext.targetSdkVersion
         multiDexEnabled rootProject.ext.multiDexEnabled
-        versionCode 1001006109
-        versionName "1.0.61-9"
+        versionCode 1001006200
+        versionName "1.0.62-0"
     }
     splits {
         abi {
diff --git a/ios/ExpensifyCash/Info.plist b/ios/ExpensifyCash/Info.plist
index 9d5e01946ffe..efe685678db2 100644
--- a/ios/ExpensifyCash/Info.plist
+++ b/ios/ExpensifyCash/Info.plist
@@ -17,7 +17,7 @@
 	<key>CFBundlePackageType</key>
 	<string>APPL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>1.0.61</string>
+	<string>1.0.62</string>
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleURLTypes</key>
@@ -30,7 +30,7 @@
 		</dict>
 	</array>
 	<key>CFBundleVersion</key>
-	<string>1.0.61.9</string>
+	<string>1.0.62.0</string>
 	<key>ITSAppUsesNonExemptEncryption</key>
 	<false/>
 	<key>LSApplicationQueriesSchemes</key>
diff --git a/ios/ExpensifyCashTests/Info.plist b/ios/ExpensifyCashTests/Info.plist
index 31ec8d932242..d71d6af328df 100644
--- a/ios/ExpensifyCashTests/Info.plist
+++ b/ios/ExpensifyCashTests/Info.plist
@@ -15,10 +15,10 @@
 	<key>CFBundlePackageType</key>
 	<string>BNDL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>1.0.61</string>
+	<string>1.0.62</string>
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>1.0.61.9</string>
+	<string>1.0.62.0</string>
 </dict>
 </plist>
diff --git a/package-lock.json b/package-lock.json
index 3c7f4ed31dc3..7c36f878bfaa 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "expensify.cash",
-  "version": "1.0.61-9",
+  "version": "1.0.62-0",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index a952c96df60f..6a449984faf2 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "expensify.cash",
-  "version": "1.0.61-9",
+  "version": "1.0.62-0",
   "author": "Expensify, Inc.",
   "homepage": "https://expensify.cash",
   "description": "Expensify.cash is the next generation of Expensify: a reimagination of payments based atop a foundation of chat.",
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 12bda38ca7f0..66e59ed92eca 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -2,9 +2,11 @@ import Onyx from 'react-native-onyx';
 import _ from 'underscore';
 import CONST from '../../CONST';
 import ONYXKEYS from '../../ONYXKEYS';
+import ROUTES from '../../ROUTES';
 import * as API from '../API';
 import {getSimplifiedIOUReport, fetchChatReportsByIDs, fetchIOUReportByIDAndUpdateChatReport} from './Report';
 import openURLInNewTab from '../openURLInNewTab';
+import Navigation from '../Navigation/Navigation';
 
 /**
  * Retrieve the users preferred currency
@@ -73,7 +75,10 @@ function getIOUReportsForNewTransaction(requestParams) {
 function createIOUTransaction(params) {
     Onyx.merge(ONYXKEYS.IOU, {loading: true, creatingIOUTransaction: true, error: false});
     API.CreateIOUTransaction(params)
-        .then(data => getIOUReportsForNewTransaction([data]));
+        .then((data) => {
+            getIOUReportsForNewTransaction([data]);
+            Navigation.navigate(ROUTES.getReportRoute(data.chatReportID));
+        });
 }
 
 /**
@@ -87,14 +92,18 @@ function createIOUTransaction(params) {
 function createIOUSplit(params) {
     Onyx.merge(ONYXKEYS.IOU, {loading: true, creatingIOUTransaction: true, error: false});
 
+    let chatReportID;
     API.CreateChatReport({
         emailList: params.splits.map(participant => participant.email).join(','),
     })
-        .then(data => API.CreateIOUSplit({
-            ...params,
-            splits: JSON.stringify(params.splits),
-            reportID: data.reportID,
-        }))
+        .then((data) => {
+            chatReportID = data.reportID;
+            return API.CreateIOUSplit({
+                ...params,
+                splits: JSON.stringify(params.splits),
+                reportID: data.reportID,
+            });
+        })
         .then((data) => {
             // This data needs to go from this:
             // {reportIDList: [1, 2], chatReportIDList: [3, 4]}
@@ -110,6 +119,7 @@ function createIOUSplit(params) {
                 });
             }
             getIOUReportsForNewTransaction(reportParams);
+            Navigation.navigate(ROUTES.getReportRoute(chatReportID));
         });
 }