Joola: Money Pools with Rewards descripción

Joola is a simple and secure way to create and join money pools. When you save together, great things happen. Join money pools to connect with friends, get low cost access to funds and earn cash bonus.

Join Joola to pay off credit card debts and take care of planned and unplanned expenses, such as down payment for a house, home improvement, wedding, travel expenses, emergency fund, car repair, or even build a retirement fund.

Commonly known as susu or sou sou (Africa) and juntas or tandas (Latin America), money pools are popular around the world. With our flexible group options, you can choose to receive early cash with first payouts or earn cash rewards with later payouts.

**GROW YOUR SAVINGS WITH FRIENDS**
+ It’s fun to save with friends and family when it’s done right. Alleviate the stress of financial conversations and support each other.
+ Saving alone is difficult. Triple the chance of success when you do it together.
+ Invite friends you trust. When you create a group, you’ll be in control. + Choose to accept only trusted friends to be your contact and to join your group.
+ Start with a minimum of 4 members and add up to 12 members in your group.
+ Get peer support for your finances and earn cash rewards.
+ Manage your group, chat, and socialize with friends through the app.

**LOW COST FUND**
+ Need cash soon? Avoid paying high interest loans or payday loans.
+ Find a group with the payment terms you want or create your own group. Pick the first or middle- payout and pay a one-time fee per group to access payout faster.

First payout - pay 8% per payout
Example: When you join a group of 4 with $400 payout per member, you will only pay a flat fee of $32 if you receive the first payout.

Middle payouts in the group - pay 5% per payout
Example: When you join a group of 4 with $400 payout per member, you will only pay a flat fee of $20 if you receive the middle payouts.

**EARN CASH REWARDS**
Make your money work for you! Earn more than 20x higher than the national average interest rate for savings accounts when you join groups with late payouts.

Second-to-last payout - receive +1% per payout
Example: When you join a group of 4 with $400 payout per member, you will receive $4 cash rewards with the second-to-last payout.

Last payout - receive +2% per payout
Example: When you join a group of 4 with $400 payout per member, you will receive $8 with the last payout.

***SIMPLE PRICING AND NO HIDDEN FEES**
With our simple, straightforward pricing structure, you’ll know what to expect. See all the fees and payment schedule upfront when you join a group. Only pay when you join a group.

+ You can always check your payment schedule and fees for each group in the app.
+ Get notified when payments have been made.
+ Build saving habits easily.
+ Manage finances with ease and confidence.

**SAFE AND EASY PAYMENTS**
+ Everyone has to go through a verification process before joining a group. By providing personal information when you sign up, you help us verify your identity and keep your account safe.
+ All the payments are automated so you have one less thing to worry about!
+ We protect the privacy of your information and will never share your data with any third-party without your permission.
+ We use bank-level encryption and no sensitive information is ever stored on our servers.

It’s free and easy to get started. Invite friends to join your group and start saving together now!