Pool provides a collaborative financial platform that lets groups create a shared account and invite members to manage collective expenses. Each participant receives a Visa debit card linked directly to the pool balance, enabling real‑time, transparent spending without reimbursements, while role‑based permissions and automated transaction tracking keep everyone informed. The service is FDIC‑insured, free to start, and only charges optional fees for premium actions such as instant transfers.
Funding
Funding not disclosed
Founders
Product
Problem
Managing shared expenses often requires cumbersome tracking of receipts, reimbursements, and manual bookkeeping, which can lead to confusion, disputes, and delayed payments among groups such as roommates, travel parties, or clubs.
Solution
Pool offers a collaborative financial platform that lets users create a shared account, invite participants, and assign spending roles. Each member receives a Visa debit card linked directly to the pool balance, enabling real‑time, transparent spending without the need for post‑hoc reimbursements. The system is built on a security‑first architecture and partners with First Internet Bank, providing FDIC insurance up to $250,000 per depositor. Pool’s interface tracks transactions automatically, displays balances to all members, and supports both virtual and physical cards for convenient use. The service is free to start, with no mandatory monthly fees or minimum balances, and only applies clear, opt‑in transaction fees for premium actions.
Target Audience
Pool is designed for groups that need to manage collective finances, such as roommates, travel groups, event organizers, clubs, and small community projects.
Features
- Shared pool account with instant, on‑chain‑like visibility of all transactions for every participant
- Individual Visa debit cards (virtual and physical) linked to the pool balance for direct spending
- Role‑based permissions allowing administrators to assign spending limits and approve transactions
- Automated transaction categorization and real‑time balance updates accessible via web and mobile apps
- FDIC‑insured banking partnership with First Internet Bank, ensuring deposit protection up to $250,000
- Security controls including encryption of personal data and compliance with Cardholder Agreements
- Transparent fee structure with no monthly fees; only optional fees for instant transfers and merchant interchange