Tag Archives: scarcity

eMoneyPool – Digitizing credit and savings circles for the base of the pyramid consumers

eMoneyPool Logo

Over the last few weeks I have been spending some time exploring business models that address issues related to access to financial services and products for base of the pyramid consumers. Through this effort I came across eMoneyPool, a Phoenix, Arizona based business venture which is using technology to revolutionize an activity practiced across the globe by many different cultures for hundreds of years – money pools.  Money pools are essentially shared savings programs where groups form contribute savings to a shared fund and take turns withdrawing large sums from those “pools”.  eMoneyPool is revolutionary, because it is bringing these group savings mechanisms online and expanding dramatically the potential customer base.  It is a concept which got them initial recognition and funding from the Phoenix based incubator SEED SPOT, featured on the White House Business Council as well as more recently investment and recognition from the SOURCE and Accion Venture-Lab.  Read on to find out more.

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