Brook provides a shared financial platform that lets groups create a communal fund, set spending rules, and use a Brook Card to spend directly from the pool without reimbursements. Contributors can see real‑time receipts and impact, while fund creators benefit from automatic tax receipts for 501(c)(3) causes and bank‑grade security for all transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and groups often struggle to collect, manage, and spend shared money without complex paperwork, front‑paying expenses, or reconciling reimbursements. Traditional tools like Venmo or gift cards lack built‑in spending controls and transparent tracking for multiple participants.
Solution
Brook offers a shared financial infrastructure that lets families, friends, or community groups create a pooled fund with a single balance. Fund creators define spending guardrails and invite contributors, while approved members use a Brook Card to spend directly from the pool, eliminating front‑paying and reimbursement cycles. All transactions appear in real time with automatic, detailed receipts visible to every participant. Funds are held in an FDIC‑insured bank, and the platform supports 501(c)(3) nonprofits with automatic tax‑deductible donation processing.
Target Audience
Primary users are families, friend groups, neighborhood or faith‑based communities, and small nonprofits that need a simple way to collect contributions and spend them collectively.
Features
- Unified pooled account with real‑time balance updates for all contributors
- Brook Card enables instant spending by authorized members without upfront cash
- Configurable spending limits and guardrails set by the fund creator
- Automatic receipt generation and transaction logs visible to all participants
- Support for charitable funds with built‑in tax receipt generation for 501(c)(3) organizations
- Funds held securely with an FDIC‑insured partner bank and end‑to‑end encryption
- No platform fees; credit‑card processing costs are passed through at cost