Pool United, Inc., a San Francisco-based consumer payments company, has launched a new multi-user financial account called a Pool in partnership with First Internet Bank, Member FDIC and Visa®, enabling consumers to add multiple users to a shared account, assign roles and permissions, and spend directly from a shared balance using the Pool Visa® Debit Card.
Pool United tackles a longstanding gap in consumer finance, where digital tools abound for collaboration but shared money handling remains cumbersome without business setups. The Pool account facilitates true co-ownership and ongoing management, eliminating administrative burdens for groups like roommates, community organizations, athletic teams, and creative projects. Unlike P2P apps limited to one-off transfers or splitting tools requiring receipt tracking, Pool offers role-based permissions, transparent transactions, and seamless spending via Visa® Debit Cards. “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.”
This launch exemplifies First Internet Bank's innovation legacy, honored as American Banker’s 2025 Innovation of the Year in Payments. As a pioneer in branchless banking since 1999, the bank provides FDIC-insured deposits, ensuring funds are protected up to $250,000 per depositor per category, subject to rules. Visa® powers the debit cards for global acceptance and security. “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.”
With $4.5 million raised from investors including Notation Capital, Charge Ventures, and Ritual Capital, Pool United positions itself at the forefront of consumer fintech, simplifying group finances while prioritizing security and ease.
Pool United, Inc. is a consumer payments company, not a bank. Bank products and services are provided by First Internet Bank, Member FDIC. Pool has designed and developed a new multi-user financial account called a Pool, which is designed to support multiple users, fine-grained spending controls, and an easy way to spend directly from a Pool using the Pool Visa® Debit Cards. The company has raised $4.5mm in venture capital funding to date, and is based in San Francisco, CA.
First Internet Bank, Member FDIC opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. With assets of $6.1 billion as of June 30, 2025, the Bank provides consumer and small business deposits, consumer loans and specialty finance services nationally. The Bank also offers commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services. Additional information about the Bank, including its products and services, is available at firstib.com. The Bank is a wholly-owned subsidiary of First Internet Bancorp (Nasdaq: INBK).
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
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