PoolSpark Rotating Money Pools: Super simple money pooling with friends.

🤩Storytime I’d often hear my parents on the phone speaking to family about their “partna” draw and when it is. “Partna” is essentially “partner”, and in this case it’s Jamaican for ROSCA (rotating savings and credit associations) AKA money pools AKA savings clubs. I thought this was just something Jamaicans, or just my big family, did to help each other increase their financial flexibility. That’s why I was surprised many years later when my wife said her family did this as well…and she’s Pakistani. It turns out that this concept is used across the globe, and it’s called different things like tanda, susu, cundina, committee, chit fund, partnerhand and hundreds more. That’s when PoolSpark was conceived. We aim to bring this savings method to those who could use a boost in their buying power for travel, debt, whatever, or if they just want a fun way to supercharge their savings with friends. 1- minute video - Learn More -

🧐Tell me more No matter the name or language, the concept is generally the same. A group of people pool (contribute) a fixed amount of funds on an agreed upon schedule—i.e. monthly—and each person gets a payout until everyone has had their turn. For example, a person can quickly get access to $1,000 if 10 people agree to pool $100 weekly. If they do this for 10 weeks, it’s $1,000 they each get per round until everyone has gotten what they’ve put in. There’s no interest, no gains, no profit and it isn’t an investment vehicle. It’s simply a way for family or friends to hold each other accountable to save more, together. 😌 FAQ How do you create a pool? Signup, get verified and add your funding source, create a pool, invite anyone you’d like, and it’ll start the date you chose. How do you contribute and get your payout? We automatically transfer funds from your bank account for contributions and transfer funds to your bank account for your payout. Is there a fee? 🙌 Yes, but not if you use this promo code: PRODUCTHUNT. Your first pool is free. Thank you to everyone that's encouraged PoolSpark from the start. If we can help just one person save more, it's a win!