Pool United, Inc., a San-Francisco-based consumer payments company, is launching a new multi-user financial account in partnership with First Internet Bank, Member FDIC and Visa®. This account, called a Pool, allows consumers to add multiple users to one shared account, assign roles and permissions, and spend directly from a shared balance using the Pool Visa® Debit Card.
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“At First Internet Bank, innovation has always been more than just a buzzword—it’s our foundation. Launching a transformative product takes more than great technology; it takes the right partner.”
Pool introduces fine-grained spending controls and collaborative features that simplify contributing, managing and spending funds together.
“There’s been an explosion of digital tools that facilitate collaboration of all kinds, yet it’s still difficult to manage money collaboratively without a business entity or a business bank account,” said Amanda Peyton, Pool’s founder. “We want to bring the most useful features of business banking to consumers.”
Solving a Widespread Pain Point
Pool’s product serves customers who share pain points around collaborative, ongoing management of money. From shared houses and classrooms to community organizations, small Homeowners Associations, athletic teams, carshares, in-home care, creative projects and social savings efforts, Pool makes shared money management easier and more transparent. In these situations, one person is often managing money on their own, which creates significant administrative overhead. Pool eliminates this burden with a brand-new financial account designed for co-ownership, role-based permissions, and collaborative spending.
Unlike existing options, Pool is designed for true co-ownership and ongoing money management. For example, peer-to-peer payments apps only support sending money back-and-forth, splitting tools require meticulous receipt tracking, and fundraising tools streamline the collection process, but don’t facilitate managing or spending money together. Traditional joint accounts are often clunky, hard to set up, and especially difficult to use with more than two people.
Partnering with Payments Industry Leaders
The Pool partnership is the latest example of First Internet Bank’s commitment to innovation in the payments space. The bank recently received American Banker’s 2025 Innovation of the Year in the Payments category, which honors the most influential technology-focused innovations.
“At First Internet Bank, innovation has always been more than just a buzzword—it’s our foundation. Launching a transformative product takes more than great technology; it takes the right partner,” said Nicole Lorch, President and COO of First Internet Bank. “We are proud to help Pool address a market need and deliver a smart, intuitive money management experience.”
Because First Internet Bank is a member of the Federal Deposit Insurance Corporation (FDIC), Pool accounts are eligible for FDIC insurance up to $250,000 per depositor per ownership category. The partnership structure between Pool and First Internet Bank provides FDIC eligibility, subject to FDIC rules and limits*.
Pool is also partnering with Visa® to power the Pool Visa® Debit Card. Pool Admins can add Viewers or Spenders to their Pool and issue debit cards to any or all members. Pool’s structure prioritizes security of funds, transparent transactions and ease of use. It’s easy to spend directly from a Pool wherever Visa® is accepted.
Pool has raised $4.5 million in venture capital funding led by Nick Chirls at Notation Capital/Asylum Ventures, with participation from an excellent group of seed funds and angel investors including 47th Street Partners (Jaren Glover), Coalition Operators, Charge Ventures, Ritual Capital and others. The company is based in San Francisco, CA. Those interested in Pool
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